Niutech(SH:688309) Zhong Guo Zheng Quan Bao·2025-08-26 22:12Core Viewpoint - Hengyu Environmental reported significant growth in revenue and profitability in the first half of 2025, driven by its dual strategy of "equipment sales + project operation" [1][2]. Group 1: Financial Performance - The company achieved operating revenue of 1.25 billion yuan, a year-on-year increase of 268.05% [1]. - The net profit attributable to shareholders reached 8.40 million yuan, marking a turnaround from losses [1]. - Revenue from operational business reached 450 million yuan, accounting for 36.27% of total revenue, highlighting its role as a key growth driver [1]. Group 2: Market Expansion - Hengyu Environmental is actively expanding both domestic and international markets, leveraging its proprietary technology in thermal cracking [1]. - The company signed a sales contract with a UK client for a 60,000 tons/year industrial continuous waste plastic thermal cracking production line, valued at approximately 198 million yuan [2]. - The ongoing projects, such as the Enshi oil-based rock BOO project and the Zhejiang paint sludge BOO project, are progressing well, contributing to the company's operational stability [2]. Group 3: Technological Advancements - The company has developed a competitive edge in the thermal cracking equipment sector through continuous R&D, addressing industry challenges such as coking and dynamic sealing [4]. - As of the end of the reporting period, Hengyu Environmental holds 116 domestic and international patents in the thermal cracking field, enhancing its core competitiveness [4]. - The company is committed to ongoing innovation, focusing on green and low-carbon technologies to improve product quality and operational efficiency [5].