Ad-hoc-News
Annual Results 2012
ZhongDe Waste Technology AG: Challenging circumstances adversely affect results 2012
- Revenues decreased by 24.0 per cent to 24.8 million Euros
- EBIT amounted to -12.6 million Euros
Frankfurt, 28 April 2013
2012 was a very challenging transition period for ZhongDe Waste Technology AG in regards to the completion of its running BOT and EPC projects. While revenues decreased to 24.8 million Euros, gross profit went down by 62.0 per cent to 1.6 million Euros. The company expects to benefit from the favorable economic environment in China for eco-friendly waste disposal in the future.
In the fiscal year 2012 revenues of ZhongDe Waste Technology decreased by 24.0 per cent to 24.8 million Euros (2011: 32.4 million Euros). This decrease was mainly influenced by the fact that the construction progress of the current EPC (Engineering, Procurement and Construction) projects Dingzhou and Zhucheng was suspended according to the requirements of the owners and the fact that the construction progress of BOT (Build, Operate and Transfer) projects was slower than planned, mainly due to delays in obtaining required government approvals.
Gross profit amounted to 1.6 million Euros in 2012, which corresponds to a decrease of 62.0 per cent compared to the previous year (2011: 4.1 million Euros). Accordingly gross profit margin went down from 12.7 per cent in 2011 to 6.4 per cent in 2012. The main reason for this development was the adjustment of costs estimated for the construction of EPC and BOT projects.
As a consequence of the aforementioned circumstances, EBIT went down by 62.4 per cent to -12.6 million Euros (2011: -7.7 million Euros). Furthermore, ZhongDe realised a net loss of 12.2 million Euros (2011: net loss of 10.7 million Euros).
About ZhongDe Group
ZhongDe Group designs, invests, constructs, finances and operates waste-to-energy incineration plants generating electricity from the disposal of solid municipal and industrial waste. ZhongDe realises either EPC (Engineering, Procurement and Construction) or BOT (Build, Operate and Transfer) projects, focusing on large-scale plants with waste disposal capacities of around 1,000 tons per day. Since 1996, ZhongDe Group has installed approximately 200 waste incinerators in 13 provinces throughout China. ZhongDe is one of the leading players in the project development and operation of waste-to-energy plants in China.
Contact
ZhongDe Waste Technology AG
William Jiuhua Wang
Executive Director and CFO
E-Mail: william.jw@zhongdetech.com
Ying Sun
Investor Relations
Messeturm 25th floor
Friedrich-Ebert-Anlage 49
60308 Frankfurt am Main
T: +49 69 50956 5655
F: +49 69 50956 5520
E-Mail: ying.sun@zhongde-ag.de
Kirchhoff Consult AG
Nicole Schüttforth
Investor Relations Consultant
T: +49 40 60 91 86 64
F: +49 40 60 91 86 60
E-Mail: nicole.schuettforth@kirchhoff.de
Investor Relations
25 June 2018
ZhongDe Waste Technology AG: Downlisting from the Prime Standard to the General Standard of the Regulated Market
Details
14 October 2016
ZhongDe sells all shares in Chung Hua Environment Protection (Holding)
Group Ltd.
Details
27 September 2016
ZhongDe negotiates on the sale of all shares in Chung Hua Environment Protection (Holding) Group Ltd.
Details
13 November 2015
ZhongDe Waste Technology AG: Preliminary nine-months results and adjusted full-year guidance
Details
14 November 2013
Release according to Article 26 para. 1 WpHG [German Securities Trading Act]
Details
14 November 2013
Release according to Article 26 para. 1 WpHG [German Securities Trading Act]
Details
28 April 2013
ZhongDe Waste Technology AG: Challenging circumstances adversely affect results 2012
Details
5 April 2012
Correction of the Publication pursuant to section 26 para. 1 WpHG dated 22 March 2012
Details
30 March 2012
ZhongDe Waste Technology AG: Delays in completion of energy-from-waste plants lead to net loss for full year 2011
Details
7 February 2012
Release according to Article 26 para. 1 WpHG [German Securities Trading Act] (in German)
Details
7 February 2012
Release according to Article 26 para. 1 WpHG [German Securities Trading Act]
Details
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
Details
22 August 2011
ZhongDe Waste Technology AG: Preliminary Q2 2011 results better than Q1 2011 but worse than Q2 2010
Details
15 April 2011
ZhongDe Waste Technology AG: Financial performance 2010 impacted by delay of construction progress of energy-from-waste projects
Details
31 December 2010
Release of an Ad hoc announcement according to Sec. 15, German Securities Trading Act (WpHG)
Details
9 December 2009
Release according to Article 26 para. 1 WpHG [German Securities Trading Act] (in German)
Details
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
Details
7 September 2009
DGAP-Adhoc: ZhongDe Waste Technology AG: Share Buy-Back
Details
26 August 2009
Decrease of Revenues and Profits of ZhongDe Waste Technology in the first half year 2009
Details
28 April 2009
Change in Management Board at ZhongDe Waste Technology
Details
23 January 2009
Ad hoc announcement according to § 15 WpHG of 23 January 2009
Details
13 June 2008
Release according to Article 26 para. 1 WpHG [German Securities Trading Act]
Details
29 April 2008
Ad hoc announcement according to § 15 WpHG of 29 April 2008
Details
11 March 2008
Ad hoc announcement according to § 15 WpHG of 11 March 2008
Details
27 February 2008
Release according to Article 26 para. 1 WpHG [German Securities Trading Act]
Details
17 July 2007
Release according to Article 26 para. 1 WpHG [German Securities Trading Act] - II
Details
17 July 2007
Release according to Article 26 para. 1 WpHG [German Securities Trading Act] - I
Details
13 July 2007
Veröffentlichung nach § 26 Abs. 1 Wertpapierhandelsgesetz
Details
5 July 2007
Ad hoc announcement according to § 15 WpHG of 5 July 2007
Details
28 June 2007
Ad hoc announcement according to § 15 WpHG of 28 June 2007
Details
