BGE(SH:603588) Ge Long Hui A P P·2026-01-07 10:15Core Viewpoint - The company expects significant profit growth in 2025, driven by enhanced profitability in the solid waste and hazardous waste resource utilization sector, supported by technology upgrades, capacity optimization, and market opportunities [1][2]. Financial Projections - The company anticipates a net profit attributable to shareholders ranging from 750 million to 900 million yuan for 2025, representing a year-on-year growth of 55.66% to 86.79% [1]. - The projected net profit, excluding non-recurring gains and losses, is also expected to be between 750 million and 900 million yuan, with a year-on-year increase of 131.63% to 177.95% [1]. Business Drivers - The profitability enhancement is attributed to several factors: 1. Technology upgrades and product structure optimization leading to increased profitability in high-value-added businesses. The subsidiary, Jinchang High Energy Environmental Technology Co., Ltd., is expected to significantly increase the production of precious and platinum group metals in 2025, enhancing profitability [2]. 2. New capacity from the Zhuhai Xinhong project, which is set to commence stable production in 2025, will expand overall production capacity and gradually reflect benefits [2]. 3. The solid waste and hazardous waste resource utilization sector is capitalizing on the ongoing rise in metal prices, thereby improving product profitability [2].