Press releases

ZhongDe Waste Technology AG: Q1 results show positive trend

 

Frankfurt, May 31, 2011

In the first quarter of 2011, ZhongDe Waste Technology AG ("ZhongDe", "the Company", Ticker symbol "ZEF"), a well-known player in the project development and operation of large-scale energy-from-waste plants in China, realized gross profits of € 0.5 million, keeping the same results as in last year’s first quarter, due to the gross profit margin increasing from 13 % to 23 %, while revenues fell from € 3.7 million to € 2.4 million. The net profit improved by 30% from € -2.0 million to € -1.4 million on a year-on-year basis, mainly due to a reduction in income taxes. The earnings per share were up 30% from € -0.16 to € -0.11 due to the net profit improvement and the 400,000 shares buyback.

 

The negative net income and decreased revenues in the first quarter of 2011 were mainly caused by the delay in the construction progress of ZhongDe’s energy-from-waste projects due to the retard of local government approvals, and by construction interruption because of extremely cold weather conditions in Northern China.

 

Strong cash and order positions indicate potential revenue increase

Although more cash was invested in the construction of ongoing projects, ZhongDe’s cash position kept strong and amounted to EUR 94.6 million by the end of the first quarter. The order backlog amounted to € 149.8 million, a slightly decrease of 5.1 % compared to Q1 2010. Three new project contracts are under the approval procedure of ZhongDe. All three projects are large-size plants with a minimum waste disposal capacity of 1000 ton/day, each.

 

The strong order backlog and cash position indicate the Company’s potential in the coming quarters, especially after the announcement of the new stimulating policy of central government of China for the energy-from-waste industry in Q2 2011. This new policy will accelerate approval processes, ensure land supply, establish a new charge system for waste disposal, improve innovation ability and announce the implementation of a talents plan. It will also encourage public and private investments into the waste disposal industry through preferential taxation.

 

The emission tests of Feicheng Plant show technical ability of ZhongDe

The emission tests for ZhongDe’s Feicheng project, which was executed by an authorized Chinese testing institution with a European partner, shows, that all emission indexes are far below the Chinese national standards. The dioxin index even falls significantly short of the European Standard for Pollution Control for waste incineration. The dioxin test had been executed by a cooperation partner of United Testing Services, the Eurofins GfA GmbH. The tests were part of the trial operating period of the Feicheng plant. The report is an example for the technical ability of ZhongDe.

 

Zefeng Chen, founder and CEO of ZhongDe Waste Technology AG, comments: “Thanks to the strong stimulation policy of the Chinese central government, we are confident to complete two projects by the end of 2011 and three further projects in 2012. It will bring more revenues and profits in 2011 than those in 2010 for the shareholders, per the Percentage of Completion method. “

 

 

About ZhongDe Group

ZhongDe Group designs, constructs, finances and operates energy-from-waste 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 and more than 80 waste incinerators in the last three financial years alone. ZhongDe is one of the well-known players in the project development and operation of large-size energy-from-waste plants in China.

 

 

Contact

William Jiuhua Wang

Executive Director and CFO
E-Mail: william.jw@zhongdetech.com

 

Ying Sun

Assistant IR Manager
Herriotstr. 1,
60528 Frankfurt am Main

T: +49 69 67733 172

F: +49 69 67733 200

E-Mail: ying.sun@zhongde-ag.de

 

Kirchhoff Consult AG

Nicole Schüttforth

T: +49 40 60 91 86 64

F: +49 40 60 91 86 60

E-Mail: nicole.schuettforth@kirchhoff.de

Overview

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27 May 2016

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29 April 2016

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27 November 2015

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28 August 2015

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28 May 2015

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29 April 2015

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28 November 2014

ZhongDe Waste Technology AG: Strong year-on-year improvement of financial re-sults in the first nine months 2014


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28 August 2014

ZhongDe Waste Technology AG: Half-year results show slight recovery year-on-year


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28 May 2014

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29 April 2014

ZhongDe Waste Technology AG: Successful sale of manufacturing site led to increase in EBIT and net result


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23 December 2013

ZhongDe Waste Technology AG signed contract to sell Beijing Miyun manufacturing site


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28 November 2013

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28 August 2013

ZhongDe Waste Technology AG: Improved but still weak financial resultsin H1 2013 despite increased order backlog


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28 June 2013

ZhongDe Waste Technology AG signs EPC contract for new energy-from-waste plant in Wuhai


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28 May 2013

ZhongDe Waste Technology AG: First quarter 2013 shows improved year-on-year results


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29 April 2013

ZhongDe Waste Technology AG: Challenging circumstances adversely affect results 2012


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30 November 2012

ZhongDe Waste Technology AG: Financial results benefit from positive one-off effects in the third quarter 2012


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23 October 2012

ZhongDe Waste Technology signs BOT contract for largest waste-to-energy plant in China


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30 August 2012

ZhongDe Waste Technology AG: Financial results impacted by further project delays


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29 August 2012

Changes in the Supervisory Board of ZhongDe Waste Technology AG


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31 July 2012

ZhongDe Waste Technology AG: Difficult start into financial year 2012


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23 July 2012

Interview with Börsen Radio Network


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17 July 2012

ZhongDe Waste Technology AG: Weak 2011 results due to project delays


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30 April 2012

ZhongDe Waste Technology AG: Publication of Annual Report 2011 delayed


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30 November 2011

ZhongDe Waste Technology AG: Revenues and gross profit improve while EBIT and net profit decline


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14 September 2011

ZhongDe Waste Technology AG relocates legal domicile from Hamburg to Frankfurt


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31 August 2011

ZhongDe Waste Technology AG: Audited H1 2011 results


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31 May 2011

ZhongDe Waste Technology AG: Q1 results show positive trend


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26 May 2011
ZhongDe Waste Technology AG: State Council of China strengthens municipal waste treatment industry
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20 May 2011

ZhongDe Waste Technology AG: Feicheng BOO project passes emission test


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2 May 2011
ZhongDe Waste Technology AG: Strong order backlog, equity and cash position despite slight net loss in 2010
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24 February 2011
ZhongDe Waste Technology AG: Final gross profit rate of Datong EPC project of 26.6%
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30 December 2010
ZhongDe Waste Technology AG: Completion of Feicheng project construction
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30 November 2010
ZhongDe Waste Technology AG: Strong order backlog and cash position despite revenue decrease
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19 November 2010
ZhongDe Waste Technology AG: Change in Supervisory Board
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10 November 2010
ZhongDe Waste Technology AG signed financial leasing contracts of two BOT projects
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30 August 2010
ZhongDe Waste Technology AG: Better Performance of Q2 2010 vs. Q2 2009
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27 August 2010
ZhongDe Waste Technology AG: BNY Mellon has been appointed as Depositary Bank for ADR program
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19 July 2010
ZhongDe Waste Technology AG moves Offices from Hamburg
to Frankfurt am Main
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4 June 2010
ZhongDe Waste Technology AG signs EPC contract with Shouguang Fuyuan Waste to Power Co., Ltd
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28 May 2010
ZhongDe Waste Technology AG: Weak Q1 financials due to difficult weather and market conditions
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30 April 2010
ZhongDe Waste Technology AG: Strong order backlog after strategic shift
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12 February 2010
ZhongDe Waste Technology AG: Successful operation of Datong Project
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30 December 2009
ZhongDe Waste Technology AG signs agreement to increase contract amount of Datong Project
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30 December 2009
ZhongDe Waste Technology AG signs EPC contract with Dingzhou Ruiquan Solid Waste Treatment Co., Ltd
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30 November 2009
ZhongDe Waste Technology AG presents its financial results for Q3 2009
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7 September 2009
ZhongDe Waste Technology AG signs Letter of Intent with Covanta Energy Asia Pacific Holdings Ltd.
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31 August 2009
ZhongDe Waste Technology AG adjusted strategy for future growth in 2009
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3 August 2009
ZhongDe Waste Technology AG Annual General Meeting adopts dividend
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30 July 2009
ZhongDe Waste Technology AG signs letter of intent with ThyssenKrupp Xervon Energy
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20 July 2009
ZhongDe Waste Technology AG signs contract for waste incineration plant in Zhaodong City
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10 June 2009
ZhongDe Waste Technology AG announces to postpone its Annual General Meeting
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29 May 2009
ZhongDe Waste Technology AG presents its financial results for Q1 2009
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30 April 2009
ZhongDe Waste Technology AG maintains high growth rates
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20 April 2009
ZhongDe Waste Technology AG announces signing of two large-size BOT projects
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6 April 2009
ZhongDe Waste Technology AG signs Letter of Intent on Renewable Energy Projects for Electricity Generation in Jilin, PRC
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3 February 2009
ZhongDe Waste Technology AG announces strategic cooperation agreement with Genesis Energy Holdings Limited
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23 January 2009
ZhongDe Waste Technology AG signs contract with Zhucheng Baoyuan New Energy Power Generation Co., Ltd
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29 December 2008
ZhongDe Waste Technology AG announces change in the Supervisory Board
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28 November 2008
ZhongDe Waste Technology AG reports continued healthy growth in Q3 2008
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10 November 2008
ZhongDe Waste Technology AG expects continuous growth and confirms initial estimation for financial year 2008
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30 September 2008
ZhongDe Waste Technology AG expects continuous growth and confirms initial estimation for financial year 2008
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29 August 2008
ZhongDe Waste Technology AG reports continuous growth in Q2 2008
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30 June 2008
ZhongDe Waste Technology AG announces cooperation agreement with Veolia
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16 June 2008
ZhongDe Waste Technology AG announces signing of Lianshui BOO project
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30 May 2008
ZhongDe Waste Technology AG reports strong growth in Q1 2008
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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
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7 April 2008
ZhongDe Waste Technology AG announces signing of Xinjiang BOT project
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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
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11 March 2008
ZhongDe Waste Technology AG signs contract for large scale waste incinerator plant
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28 November 2007
ZhongDe Waste Technology AG continues to grow in Q3 2007
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19 September 2007
ZhongDe Waste Technology AG secures land usage rights in Beijing – headstone for building a second production facility
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28 August 2007
ZhongDe Waste Technology AG presents strong performance in H1 2007
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9 August 2007
ZhongDe Waste Technology AG announces signing of two BOT projects
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12 July 2007
ZhongDe Waste Technology AG: Greenshoe option exercised in full
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5 July 2007
ZhongDe Waste Technology AG sets offer price and issue volume
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28 June 2007
ZhongDe Waste Technology AG: Price range between Euro 23 and Euro 26
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25 June 2007
ZhongDe Waste Technology AG launches its Initial Public Offering on the Prime Standard in Frankfurt
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14 June 2007
ZhongDe Waste Technology AG planning IPO in July 2007
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