Ad-hoc-News
Release of an Ad hoc announcement according to Sec. 15
Hamburg, November 16th, 2009
ZhongDe Waste Technology AG:
Preliminary figures for the first nine months reflect difficult market environment in small- and medium-size incinerators segment
According to preliminary IFRS figures consolidated revenues of ZhongDe Waste Technology AG ("ZhongDe", Ticker symbol "ZEF") declined from EUR 15.6 million in Q3 2008 to EUR 6.3 million in Q3 2009, representing a decrease of 60% year-on-year and revenues declined to EUR 24.7 million in the first 9 months of 2009, representing a decrease of 31% year-on-year (9M 2008: EUR 35.7 million). The decrease was caused primarily by the number of units sold in small- and medium-size incinerators segment. Some municipal authorities in China postponed their purchase plans for small- and medium-size incinerators as the international financial crisis reduced local tax incomes. No small- and medium-size municipal and medical waste incinerators were sold during the period under review (Q3 2009).
Gross profit dropped to EUR 2 million (Q3 2008: EUR 7.9 million) and net profit decreased to EUR 0.4 million in Q3 2009 (Q3 2008: EUR 6.5 million). The fall in profit and margin was mainly due to the characteristics of large-size projects. In general, an EPC (Engineering, Procurement and Construction) project has much higher revenues, higher cost of sales and a lower margin contribution. Under the circumstance of the global economic recession, the demand for large-size "waste-to-energy" projects is increasing because of the economy-stimulating policies of the Chinese government. The Company has reacted on that market change by shifting its strategic focus to the market segment of the large-size EPC projects, such as the projects in Datong, Zhaodong and Zhucheng. Although the margin percentage of EPC projects is lower than that of incinerators, their much larger revenue will still bring attractive profit in the coming quarters.
During the period under review the Company received orders for contracts worth EUR 24 million, compared with EUR 8.5 million in the same period last year, mainly due to the new Zhaodong EPC project which amounts EUR 23 million. This is the third largest EPC project after Datong and Zhucheng.
ZhongDe group will be publishing final figures on the third quarter performance in its interim report on November 30, 2009.
| ISIN: | DE000ZDWT018 |
| WKN: | ZDWT01 |
| Listing: | Regulated Market / Prime Standard Frankfurt Stock Exchange |
| Registered office: | Germany |
Contact
William Jiuhua Wang
Executive Director and CFO
E-Mail: William.jw@zhongdetech.com
Li Zhong (Linda)
Investor Relations Manager
Stadthausbrücke 1-3
20355 Hamburg
Tel: +49 40 37644 756
Fax: +49 40 37644 500
E-Mail: li.zhong@zhongde-ag.de
Investor Relations
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14 October 2016
ZhongDe sells all shares in Chung Hua Environment Protection (Holding)
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27 September 2016
ZhongDe negotiates on the sale of all shares in Chung Hua Environment Protection (Holding) Group Ltd.
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13 November 2015
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14 November 2013
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14 November 2013
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28 April 2013
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5 April 2012
Correction of the Publication pursuant to section 26 para. 1 WpHG dated 22 March 2012
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30 March 2012
ZhongDe Waste Technology AG: Delays in completion of energy-from-waste plants lead to net loss for full year 2011
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7 February 2012
Release according to Article 26 para. 1 WpHG [German Securities Trading Act] (in German)
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7 February 2012
Release according to Article 26 para. 1 WpHG [German Securities Trading Act]
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24 November 2011
ZhongDe Waste Technology AG: Further delays in completion process of energy-from-waste plants leads to revision of full year 2011 outlook
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22 August 2011
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15 April 2011
ZhongDe Waste Technology AG: Financial performance 2010 impacted by delay of construction progress of energy-from-waste projects
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31 December 2010
Release of an Ad hoc announcement according to Sec. 15, German Securities Trading Act (WpHG)
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9 December 2009
Release according to Article 26 para. 1 WpHG [German Securities Trading Act] (in German)
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16 November 2009
ZhongDe Waste Technology AG: Preliminary figures for the first nine months reflect difficult market environment in small- and medium-size incinerators segment
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7 September 2009
DGAP-Adhoc: ZhongDe Waste Technology AG: Share Buy-Back
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26 August 2009
Decrease of Revenues and Profits of ZhongDe Waste Technology in the first half year 2009
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28 April 2009
Change in Management Board at ZhongDe Waste Technology
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23 January 2009
Ad hoc announcement according to § 15 WpHG of 23 January 2009
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13 June 2008
Release according to Article 26 para. 1 WpHG [German Securities Trading Act]
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29 April 2008
Ad hoc announcement according to § 15 WpHG of 29 April 2008
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11 March 2008
Ad hoc announcement according to § 15 WpHG of 11 March 2008
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27 February 2008
Release according to Article 26 para. 1 WpHG [German Securities Trading Act]
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17 July 2007
Release according to Article 26 para. 1 WpHG [German Securities Trading Act] - II
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17 July 2007
Release according to Article 26 para. 1 WpHG [German Securities Trading Act] - I
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13 July 2007
Veröffentlichung nach § 26 Abs. 1 Wertpapierhandelsgesetz
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5 July 2007
Ad hoc announcement according to § 15 WpHG of 5 July 2007
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28 June 2007
Ad hoc announcement according to § 15 WpHG of 28 June 2007
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