WEIMING(SH:603568) Zheng Quan Ri Bao Zhi Sheng·2025-04-19 03:38Core Insights - Zhejiang Weiming Environmental Protection Co., Ltd. reported a revenue of 7.171 billion yuan, a year-on-year increase of 19.03%, and a net profit of 2.704 billion yuan, up 31.99% [1] Group 1: Business Performance - The environmental governance segment achieved an operating revenue of 3.370 billion yuan, growing by 9.57% year-on-year, focusing on waste incineration power generation and innovative waste disposal models [1] - The equipment manufacturing and service business generated a revenue of 3.759 billion yuan, reflecting a growth of 28.88% year-on-year, supported by strong R&D capabilities [2] Group 2: Project Expansion - By the end of 2024, the company operated 55 waste incineration projects with a total processing capacity exceeding 37,300 tons per day, and 19 kitchen waste treatment projects, with several more in the construction phase [2] - The company is actively expanding its industrial solid waste treatment, sludge incineration, and waste transportation services, enhancing regional comprehensive service capabilities [2] Group 3: Product Development - In 2024, the company secured approximately 3.17 billion yuan in new orders for environmental and new materials equipment, launching several new products and obtaining certifications for key equipment [3] - The company is accelerating its layout in the new materials sector, focusing on nickel smelting and lithium battery materials, while effectively controlling production costs through self-developed equipment [3] Group 4: Strategic Outlook - The company's diversified approach is seen as a "deep collaboration + boundary breakthrough" exploration, with potential to evolve from a "waste management service provider" to a "resource recycling platform enterprise" [3]