Press releases
ZhongDe Waste Technology AG: Strong order backlog and cash position despite revenue decrease
Results for Q3 2010
- Revenue decreased by 40% to € 4.6 million
- Net profit down 53% to € 0.3 million
- Two new contracts currently under ZhongDe approval procedure
- Better order backlog of € 157 million (+24%) compared to Q3 2009
- Strong cash position of € 98 million and strong equity ratio of 87%
- Greatly enhanced reputation and image following 45 minutes special report of the most-watched CCTV program about Datong Project
Frankfurt, 30 November 2010
The third quarter of 2010 of ZhongDe Waste Technology AG ("ZhongDe", "the Company", Ticker symbol "ZEF") showed less revenue and profit but a strong cash position and order backlog. Revenues decreased by 40% year-on-year to
€ 4.6 million in Q3 2010. The net profit went down 53% to € 0.3 million, while gross profit was € 1.3 million and EBIT was € -0.6 million. Two new contracts (one EPC and one BOT) are currently under ZhongDe's approval procedure. The cash position and equity ratio remain strong (€ 98 million and 87% respectively). The order backlog amounted to € 157 million and exceeds the Q3 2009 figure by € 30 million, or 24%, although the order backlog for 2009 was greatly revised from € 56 million to € 127 million in view of the retrospective application of IFRIC 12 to BOT projects.
Meanwhile, the marketing of ZhongDe has delivered excellent results. As the first EPC project of ZhongDe, the Datong project was finished on time and its quality is at a very high level. This energy-from-waste plant received high appreciation from the owner and government officers. The off-gas emission of Datong plant not only reaches the Chinese national standard, but also reaches some EU standards (e.g. Dioxin emission). China Central TV (CCTV) broadcasted a special report on the garden-style Datong plant in a most-watched program which lasted 45 minutes. The Xinhua News Agency of the Central Government of China regards the Datong plant in its report as the model green plant for the energy-from-waste industry in China. Many media reported extensively on the Datong plant, which not only reduced the public concerns in China about the possible pollution from energy-from-waste plant emissions, but also greatly enhanced ZhongDe's reputation and image as the leading player for energy-from-waste green plants in China.
CEO Mr. Zefeng Chen comments: "At the end of 2010, the Feicheng BOT project will be completed. Furthermore, according to our plan two EPC and three BOT projects will be finished in 2011, which will definitely bring more revenues and profits. The management team is confident that ZhongDe can continue taking advantage of the enormous potential in the Chinese and international energy-from-waste market and create more value to the company."
About ZhongDe Group
ZhongDe Group designs, manufactures and installs pyrolytic, grate and rotary kiln waste incinerators for the disposal of solid municipal, industrial (including hazardous) and medical waste, as well as complete sets of incineration plants with electricity generation. Since 1996, ZhongDe Group has installed approximately 200 waste incinerators in about 13 provinces and more than 80 waste incinerators in the last three financial years alone. ZhongDe Group acts as one of the leading players of large-size energy-from-waste industry in China.
Contact
William Jiuhua Wang
Executive Director and CFO
william.jw@zhongdetech.com
Ying Sun
Assistant IR Manager
Herriotstr. 1,
60528 Frankfurt am Main
Germany
Tel: +49 69 67733 172
Fax: +49 69 67733 200
E-Mail: ying.sun@zhongde-ag.de
Overview
28 November 2016
ZhongDe Wastes technology AG: Fast progress of BOT project in Lanzhou led to strongly improved revenues in the third quarter 2016
Details
30 August 2016
ZhongDe Waste Technology AG: Project in Lanzhou continues progressing rapidly
Details
27 May 2016
ZhongDe Waste Technology AG: Rapid progress of main BOT project in Lanzhou resulted in strong revenue growth
Details
29 April 2016
ZhongDe Group: Improved project progress in 2015 but earnings impacted by extraordinary effects
Details
28 August 2015
ZhongDe Waste Technology AG expects improved project progress for the second half of 2015
Details
28 May 2015
ZhongDe Waste Technology AG: Strong revenue increase reflects continuous project progress
Details
29 April 2015
ZhongDe Waste Technology AG: Remarkable project progress led to improved financial performance in 2014
Details
28 November 2014
ZhongDe Waste Technology AG: Strong year-on-year improvement of financial re-sults in the first nine months 2014
Details
28 August 2014
ZhongDe Waste Technology AG: Half-year results show slight recovery year-on-year
Details
29 April 2014
ZhongDe Waste Technology AG: Successful sale of manufacturing site led to increase in EBIT and net result
Details
23 December 2013
ZhongDe Waste Technology AG signed contract to sell Beijing Miyun manufacturing site
Details
28 November 2013
ZhongDe Waste Technology AG: Weak business development despite increased order backlog
Details
28 August 2013
ZhongDe Waste Technology AG: Improved but still weak financial resultsin H1 2013 despite increased order backlog
Details
28 June 2013
ZhongDe Waste Technology AG signs EPC contract for new energy-from-waste plant in Wuhai
Details
28 May 2013
ZhongDe Waste Technology AG: First quarter 2013 shows improved year-on-year results
Details
29 April 2013
ZhongDe Waste Technology AG: Challenging circumstances adversely affect results 2012
Details
30 November 2012
ZhongDe Waste Technology AG: Financial results benefit from positive one-off effects in the third quarter 2012
Details
23 October 2012
ZhongDe Waste Technology signs BOT contract for largest waste-to-energy plant in China
Details
30 August 2012
ZhongDe Waste Technology AG: Financial results impacted by further project delays
Details
30 November 2011
ZhongDe Waste Technology AG: Revenues and gross profit improve while EBIT and net profit decline
Details
14 September 2011
ZhongDe Waste Technology AG relocates legal domicile from Hamburg to Frankfurt
Details
26 May 2011
ZhongDe Waste Technology AG: State Council of China strengthens municipal waste treatment industry
Details
2 May 2011
ZhongDe Waste Technology AG: Strong order backlog, equity and cash position despite slight net loss in 2010
Details
24 February 2011
ZhongDe Waste Technology AG: Final gross profit rate of Datong EPC project of 26.6%
Details
30 December 2010
ZhongDe Waste Technology AG: Completion of Feicheng project construction
Details
30 November 2010
ZhongDe Waste Technology AG: Strong order backlog and cash position despite revenue decrease
Details
19 November 2010
ZhongDe Waste Technology AG: Change in Supervisory Board
Details
10 November 2010
ZhongDe Waste Technology AG signed financial leasing contracts of two BOT projects
Details
30 August 2010
ZhongDe Waste Technology AG: Better Performance of Q2 2010 vs. Q2 2009
Details
27 August 2010
ZhongDe Waste Technology AG: BNY Mellon has been appointed as Depositary Bank for ADR program
Details
19 July 2010
ZhongDe Waste Technology AG moves Offices from Hamburg
to Frankfurt am Main
Details
4 June 2010
ZhongDe Waste Technology AG signs EPC contract with Shouguang Fuyuan Waste to Power Co., Ltd
Details
28 May 2010
ZhongDe Waste Technology AG: Weak Q1 financials due to difficult weather and market conditions
Details
30 April 2010
ZhongDe Waste Technology AG: Strong order backlog after strategic shift
Details
12 February 2010
ZhongDe Waste Technology AG: Successful operation of Datong Project
Details
30 December 2009
ZhongDe Waste Technology AG signs agreement to increase contract amount of Datong Project
Details
30 December 2009
ZhongDe Waste Technology AG signs EPC contract with Dingzhou Ruiquan Solid Waste Treatment Co., Ltd
Details
30 November 2009
ZhongDe Waste Technology AG presents its financial results for Q3 2009
Details
7 September 2009
ZhongDe Waste Technology AG signs Letter of Intent with Covanta Energy Asia Pacific Holdings Ltd.
Details
31 August 2009
ZhongDe Waste Technology AG adjusted strategy for future growth in 2009
Details
3 August 2009
ZhongDe Waste Technology AG Annual General Meeting adopts dividend
Details
30 July 2009
ZhongDe Waste Technology AG signs letter of intent with ThyssenKrupp Xervon Energy
Details
20 July 2009
ZhongDe Waste Technology AG signs contract for waste incineration plant in Zhaodong City
Details
10 June 2009
ZhongDe Waste Technology AG announces to postpone its Annual General Meeting
Details
29 May 2009
ZhongDe Waste Technology AG presents its financial results for Q1 2009
Details
30 April 2009
ZhongDe Waste Technology AG maintains high growth rates
Details
20 April 2009
ZhongDe Waste Technology AG announces signing of two large-size BOT projects
Details
6 April 2009
ZhongDe Waste Technology AG signs Letter of Intent on Renewable Energy Projects for Electricity Generation in Jilin, PRC
Details
3 February 2009
ZhongDe Waste Technology AG announces strategic cooperation agreement with Genesis Energy Holdings Limited
Details
23 January 2009
ZhongDe Waste Technology AG signs contract with Zhucheng Baoyuan New Energy Power Generation Co., Ltd
Details
29 December 2008
ZhongDe Waste Technology AG announces change in the Supervisory Board
Details
28 November 2008
ZhongDe Waste Technology AG reports continued healthy growth in Q3 2008
Details
10 November 2008
ZhongDe Waste Technology AG expects continuous growth and confirms initial estimation for financial year 2008
Details
30 September 2008
ZhongDe Waste Technology AG expects continuous growth and confirms initial estimation for financial year 2008
Details
29 August 2008
ZhongDe Waste Technology AG reports continuous growth in Q2 2008
Details
30 June 2008
ZhongDe Waste Technology AG announces cooperation agreement with Veolia
Details
16 June 2008
ZhongDe Waste Technology AG announces signing of Lianshui BOO project
Details
30 May 2008
ZhongDe Waste Technology AG reports strong growth in Q1 2008
Details
29 April 2008
ZhongDe Waste Technology AG presents its audited full year results for fiscal year 2007: net profit more than doubled – order intake increased by 90% to €44.4 million
Details
7 April 2008
ZhongDe Waste Technology AG announces signing of Xinjiang BOT project
Details
18 March 2008
ZhongDe Waste Technology AG releases preliminary results for fiscal year 2007: net profit more than doubled - order intake increased by 90% to €44.4 million
Details
11 March 2008
ZhongDe Waste Technology AG signs contract for large scale waste incinerator plant
Details
28 November 2007
ZhongDe Waste Technology AG continues to grow in Q3 2007
Details
19 September 2007
ZhongDe Waste Technology AG secures land usage rights in Beijing – headstone for building a second production facility
Details
28 August 2007
ZhongDe Waste Technology AG presents strong performance in H1 2007
Details
9 August 2007
ZhongDe Waste Technology AG announces signing of two BOT projects
Details
12 July 2007
ZhongDe Waste Technology AG: Greenshoe option exercised in full
Details
5 July 2007
ZhongDe Waste Technology AG sets offer price and issue volume
Details
28 June 2007
ZhongDe Waste Technology AG: Price range between Euro 23 and Euro 26
Details
25 June 2007
ZhongDe Waste Technology AG launches its Initial Public Offering on the Prime Standard in Frankfurt
Details
14 June 2007
ZhongDe Waste Technology AG planning IPO in July 2007
Details