恒誉环保上半年营收大增268.05% “设备+运营”双轮驱动成效显现

Core Viewpoint - Hengyu Environmental Protection (688309) has achieved significant growth in the first half of 2025, with a revenue of 125 million yuan, representing a year-on-year increase of 268.05%, and a net profit of 8.3966 million yuan, marking a turnaround from loss to profit [1] Group 1: Financial Performance - The company's operating revenue from project operations reached 45 million yuan, accounting for 36.27% of total revenue, becoming a core driver of performance growth [1] - The company signed a sales contract with a UK client for a continuous waste plastic pyrolysis production line with a capacity of 60,000 tons per year, totaling approximately 198 million yuan, which is expected to positively impact the company's performance in 2025-2026 [2] Group 2: Market Strategy and Development - Hengyu Environmental Protection has been focusing on the industrial continuous pyrolysis technology and equipment while expanding downstream operations to enhance stability and sustainability [2] - The company is actively pursuing a "go global" sales strategy, leading to a favorable order situation and reflecting the growing market potential in Europe driven by chemical recycling policies [2] Group 3: Technological Innovation - The company is committed to deepening research and development in pyrolysis technology, with 11 research projects underway and the introduction of one new product, along with four newly authorized patents, enhancing the technological content and automation level of its products [3]