Core Viewpoint - Hunan Junxin Environmental Protection Co., Ltd. (301109.SZ) has submitted an application to list on the Hong Kong Stock Exchange, with China International Capital Corporation and CITIC Securities as joint sponsors [1]. Company Overview - Junxin Environmental Protection is a leading company in providing comprehensive waste treatment and resource utilization solutions, including investment, management, and operation of green energy projects [4]. - The company's main operational base, Changsha Environmental Industry Park, is one of the largest comprehensive environmental parks in China, focusing on projects related to waste incineration power generation and various waste treatments [4]. Business Operations - Core business activities include: 1. Waste incineration power generation 2. Comprehensive treatment of various wastes (including sludge, wastewater, leachate, fly ash, and others) 3. Transfer, compression, and transportation of municipal waste 4. Collection, harmless treatment, and resource utilization of kitchen waste [4]. - As part of its overseas expansion strategy, the company is establishing operations in Central Asia, having signed service concession agreements in Kyrgyzstan and a memorandum of understanding in Kazakhstan [4]. Market Position - According to Frost & Sullivan, Junxin's Changsha waste incineration project ranks fourth in national solid waste incineration projects by daily processing capacity and first in average electricity generation per ton of waste among all waste incineration companies in China [5]. - The Changsha transfer project ranks first in the country for waste transfer and transportation, while the kitchen waste project ranks third by daily processing capacity [5]. Financial Performance - Revenue figures for the company are as follows: - 2022: Approximately 1.548 billion RMB - 2023: Approximately 1.837 billion RMB - 2024: Approximately 2.411 billion RMB - Q1 2025: Approximately 697 million RMB [5]. - Profit figures for the same periods are: - 2022: Approximately 588 million RMB - 2023: Approximately 653 million RMB - 2024: Approximately 686 million RMB - Q1 2025: Approximately 236 million RMB [5].
军信股份递表港交所 核心业务包括垃圾清洁焚烧发电等