Press releases

Results H1 2013

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

  • Revenues went down by 48.4 per cent to 2.6 million Euros
  • EBITimproved by 18.1 per cent to -2.8 million Euros
  • Net Loss improved by 21.4 per cent to 3.2 million Euros
  • Significant increase of order backlog to 248.7 million Euros
  • Comfortable cash position of 95.0 million Euros

 

Frankfurt, August 28, 2013

The slow progress in the completion of the current BOT projects and the temporary suspension of some of ZhongDe’s EPC projects had a negative impact on the results of the first six months 2013. With regard to the company’s order backlog having increased by 75.2 per cent mainly due to the successful signing of the new large Wuhai EPC contract at the end of June 2013 as well as due to the BOT project in Lanzhou, ZhongDe looks cautiously optimistic into the future.

 

In the first half-year 2013 ZhongDe’s revenues went down year-on-year by 48.4 per cent to 2.6 million Euros (H1 2012: 4.9 million Euros). This decrease was mainly related to the slow progress of the construction of the three BOT projects in Zhoukou, Kunming and Xianning. Also the two EPC projects in Zhucheng and Dingzhou have been temporarily suspended.

 

Gross profit decreased by 59.9 per cent to 0.2 million Euros (H1 2012: 0.4 million Euros) partly due to changes in the accounting method for BOT projects. Nevertheless, thanks to the strict reduction of selling and distribution costs by 72.2 per cent, ZhongDe could improve EBIT by 18.1 per cent to -2.8 million Euros (H1 2012: -3.5 million Euros) and reduce its net loss from 4.1 million Euros by 0.8 million Euros to 3.3 million Euros in the first half-year 2013.

 

Strong order backlog and comfortable cash position

ZhongDe’s order backlog increased significantly by 75.2 per cent to 248.7 million Euros compared to June 30, 2012, which was mainly a result of the new contract of the Wuhai EPC project amounting to 42.0 million Euros as well as due to the BOT project in Lanzhou, which contributed with 140.4 million Euros to the order backlog since June 2012.

 

With a cash position of 95.0 million Euros ZhongDe is still well prepared for further BOT investments and project financing. Also ZhongDe’s equity remained stable amounting to 112.2 million Euros as of June 30, 2013 (December 31, 2012: 112.8 million Euros), representing an equity ratio of 54.7 per cent (31 December 2012: 56.2 per cent).

 

Modest outlook

With regard to the full year 2013, ZhongDe estimates to further benefit from the huge market potential for the energy-from-waste industry in China. All in all, ZhongDe expects the second half-year of 2013 to remain a transition period, in which the company expects to finalize its existing two BOT projects (Zhoukou and Xianning), start their trial operations, restart the

suspended two EPC projects (Dingzhou and Zhucheng), and continue the preparation for the new projects in Lanzhou and Wuhai.

 

Please find the complete H1 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


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27 October 2016

ZhongDe Waste Technology AG: New members of the Supervisory Board


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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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27 November 2015

Adverse external and internal effects slow down ZhongDe’s project progress


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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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28 May 2014

ZhongDe Waste Technology AG: Project progress not reflected in Q1 2014 results


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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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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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