Ecological restoration releases new power environmental protection company 2018 performance mixed
Source: Economic Information
12 Sunlight International announced its 2018 annual results. During the year, the Group recorded a consolidated revenue of approximately HK$27.227 billion, an increase of 36% over 2017. Earnings before interest, taxes, depreciation and amortization were approximately HK$8.994 billion, an increase of 31% over 2017.
In addition, on March 3, Jinjiang Environmental announced its 2018 results. During the period, the Group's revenue reached RMB 3.03 billion, an increase of 11.6% over the same period in 2017. Gross profit reached 1.04 billion, and the profit after tax attributable to the company owner reached approximately 540 million.
In 2018, the environmental protection policy dividend continued, but the internal performance of the environmental protection industry was seriously divided. Judging from the companies that have announced the annual results or performance forecasts, there are still many companies that have experienced a decline in profits or a loss in performance.
Fu Tao, dean of the E20 Research Institute, said, “Many companies are blindly expanding, and problems are getting into trouble. For example, a series of environmental enterprise crises that broke out in 2018 are caused by this.â€
“In 2018, the environmental industry has been hit hard, but there are still many needs to be revealed, such as the protection of the Yangtze River and the normalization of environmental protection supervision.†For the market opportunity in 2019, Fu Tao said that this year’s ecological and environmental protection field will be solidly laid. The three major battles have been carried out, and the blue sky, clear water and pure land defense wars have been fully carried out. Therefore, in the areas covered by the atmosphere, ten waters, and ten soils, a large part of the demand is still being released in the future.
Editor in charge: Xia Jing
Proofreading: Xia Jing
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