中科环保IPO项目累计效益2.47亿积极拓展市场核心业务营收增14.8%

Core Viewpoint - The company, Zhongke Environmental Protection, has shown steady improvement in profitability, driven by its expansion in waste management and heating markets, as well as successful mergers and acquisitions [2][3]. Financial Performance - In the first half of 2025, the company achieved operating revenue of 848 million yuan, a year-on-year increase of 4.48% [3]. - The net profit for the same period was 196 million yuan, reflecting a growth of 19.83% [3]. - The core business of municipal solid waste treatment generated revenue of 691 million yuan, up 14.81% year-on-year, with a gross margin of 52.57%, an increase of 1.27 percentage points [3]. Investment and Projects - The company successfully acquired 100% equity of two projects from Beikong Water (Guangxi) Group for 354 million yuan, enhancing its waste-to-energy business scale [2][7]. - The IPO fundraising projects have yielded significant returns, with a total benefit of 68.03 million yuan in the first half of 2025 and cumulative benefits of 247 million yuan since the IPO [4]. Market Expansion - The company is actively expanding its market presence in the waste management sector, particularly in Guangxi, to enhance its operational scale and profitability [7]. - The ongoing urbanization in China is contributing to a steady increase in municipal waste collection, which supports the company's growth strategy [2]. Research and Development - The company has increased its R&D investment to 25.21 million yuan, a rise of 37.8% year-on-year, and has obtained 14 new patents during the reporting period [6]. - It is focusing on innovative production processes and has established high-level R&D bases in various locations [6]. Energy Production - In the first half of 2025, the company produced 5.29 billion kWh of electricity, marking a 6.44% increase, and maintained a heating supply of 877,500 tons, up 12.01% [6]. - The company aims to enhance the value conversion of green electricity to support the transition to a greener energy structure [6].