Press releases
Results Q1 2013
ZhongDe Waste Technology AG: First quarter 2013 shows improved year-on-year results
- Revenues grew by 2.4 per cent to 1.25 million Euros
- Gross profit increased by 14.5 per cent to 0.2 million Euros
- Order backlog grew significantly to 264.5 million Euros
- Solid cash position of around 100.0 million Euros
Frankfurt, May 28, 2013
Despite that ZhongDe Waste Technology’s results for the first three months of 2013 remain unsatisfying, they improved compared to the same period last year. While revenues increased slightly to 1.25 million Euros, gross profit showed an improvement as well, growing by 14.5 per cent to 0.2 million Euros. Given the favorable economic prospects for eco-friendly waste disposal in China and the progress of ZhongDe’s BOT projects, the company is cautiously optimistic for the full year 2013.
During the first quarter of 2013 ZhongDe generated revenues of 1.25 million Euros, representing an increase of 2.4 per cent compared to 1.22 million Euros in the first quarter of 2012. Revenues were completely generated from BOT projects.
Gross profit increased by 14.5 per cent to 0.16 million Euros (Q1 2012: 0.14 million Euros), while the EBIT augmented by 13.5 per cent to -1.3 million Euros (Q1 2012: -1.5 million Euros). The net loss amounted to 1.5 million Euros (Net loss Q1 2012: 1.8 million Euros), representing an increase of 15.0 per cent year-on-year. The improved financial results, compared to the previous year, were mainly related to the construction progress of ZhongDe’s BOT projects in Kunming and Xianning.
Efficient cost controlling and solid cash position
Within the first quarter of 2013, ZhongDe continued to reduce its selling and distribution expenses by 71.8 per cent to 0.1 million Euros (Q1 2012: 0.3 million Euros) as well as its administrative expenses by 25.9 per cent to 0.7 million Euros (Q1 2012: 1.0 million Euros).
ZhongDe still disposes of a strong equity and cash position, allowing the company to further advance in the fields of BOT investments and project finance in the future. Amounting to 100.0 million Euros, cash and cash equivalents remain on the same high level as in the first quarter of 2012. Equity increased by 1.9 per cent to 114.9 million Euros (31 December 2012: 112.8 million Euros). Equity ratio amounted to 55.4 per cent as at 31 March 2013 (31 December 2012: 56.2 per cent).
Additionally, the order backlog increased significantly by 90.7 per cent to 264.5 million Euros compared to the first quarter of 2012, which was mainly due to the new contract for the Lanzhou project, a BOT project with a daily capacity of up to 3,000 tons per day.
Moderate outlook
Looking ahead to the remaining quarters of 2013, ZhongDe expects to further benefit from the favorable political and economic environment for eco-friendly waste disposal as well as from the growing demand for energy-from-waste plants in China as well as throughout Asia.
Currently ZhongDe is negotiating on two new projects with an expected disposal capacity of 1.000 tons per day each and is confident to close the contracts in 2013. In the second quarter of 2013, the company anticipates to sign one of the two contracts. Moreover, ZhongDe’s current three BOT projects will be completed in 2013 and will begin their operations and generate cash-inflows. Further, revenues will be derived after the finalisation of the BOT projects and the construction of the EPC projects in Dingzhou and Zhucheng, once they have been resumed.
All in all, ZhongDe expects to remain in a transition period during the current financial year in which the company will finalise projects that will start its operations. Furthermore, ZhongDe intends to start construction its Lanzhou project in Q4 2013. ZhongDe anticipates to achieve better financial results in 2013 compared to 2012.
Please find the complete Q1 Report 2013 of ZhongDe Waste Technology AG on the company’s website under the following link:
http://www.zhongde-ag.com/investor_relations/publikationen.html
About ZhongDe Group
ZhongDe Group designs, invests, constructs, finances and operates energy-from-waste plants generating electricity from the incineration 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 energy-from-waste 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
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
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27 May 2016
ZhongDe Waste Technology AG: Rapid progress of main BOT project in Lanzhou resulted in strong revenue growth
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29 April 2016
ZhongDe Group: Improved project progress in 2015 but earnings impacted by extraordinary effects
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28 August 2015
ZhongDe Waste Technology AG expects improved project progress for the second half of 2015
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28 May 2015
ZhongDe Waste Technology AG: Strong revenue increase reflects continuous project progress
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29 April 2015
ZhongDe Waste Technology AG: Remarkable project progress led to improved financial performance in 2014
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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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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
ZhongDe Waste Technology AG: Weak business development despite increased order backlog
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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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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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26 May 2011
ZhongDe Waste Technology AG: State Council of China strengthens municipal waste treatment industry
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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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