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

10 April 2018

ZhongDe Waste Technology AG: Financial Statements 2016


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19 April 2017

ZhongDe Waste Technology AG: Publication of Annual Report 2016 postponed


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28 December 2016

ZhongDe Waste Technology AG: Significant extraordinary profit in 2016


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24 November 2016

ZhongDe Waste Technology AG revises guidance


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14 October 2016

ZhongDe sells all shares in Chung Hua Environment Protection (Holding)
Group Ltd.


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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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20 September 2016

Changes in the Supervisory Board


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9 June 2016

CFO William Jiuhua Wang resigns


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13 November 2015

ZhongDe Waste Technology AG: Preliminary nine-months results and adjusted full-year guidance


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14 November 2013

Release according to Article 26 para. 1 WpHG [German Securities Trading Act]


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14 November 2013

Release according to Article 26 para. 1 WpHG [German Securities Trading Act]


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28 April 2013

ZhongDe Waste Technology AG: Challenging circumstances adversely affect results 2012


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11 July 2012

Resignation of the chairman of the Supervisory Board as per 30 August 2012


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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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22 March 2012

Release according to Article 26 para. 1 WpHG [German Securities Trading Act]


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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

ZhongDe Waste Technology AG: Preliminary Q2 2011 results better than Q1 2011 but worse than Q2 2010


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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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