Press releases

Results H1 2014

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

 

  • Revenue grew by almost 80 per cent to 4.6 million Euros
  • Stable EBIT of -2.8 million Euros
  • Net result amounted to -4.4 million Euros
  • Financial outlook unchanged

 

Frankfurt, 28 August 2014

The first half-year of 2014 remained a transition period for ZhongDe Waste Technology AG. Although the results of the period were weak, ZhongDe succeeded in improving its revenues and gross profit compared to the same period in 2013.

 

The financial results of ZhongDe in the first half-year of 2014 reflect an improved project progress compared to the corresponding period in 2013. Revenues went up by 78.8 per cent to 4.6 million Euros (H1 2013: 2.6 million Euros). ZhongDe’s two currently running EPC projects Zhucheng and Dingzhou contributed 2.4 million Euros or 52.1 per cent to the consolidated revenues. BOT projects contributed 2.2 million Euros or 47.9 per cent to total group revenues.

 

Gross profit increased by 48.6 per cent from 0.2 million Euros in the first half-year of 2013 to 0.3 million Euros in the first half-year of 2014, while the gross profit margin decreased to 6.0 per cent (H1 2013: 7.0 per cent). EBIT remained nearly stable amounting to -2.8 million Euros. Net result went down to -4.4 million Euros (H1 2013: -3.3 million Euros).

 

Order backlog and cash position remain strong

Due to foreign currency translation differences as well as the project progress ZhongDe’s order backlog decreased to 218.3 million Euros (H1 2013: 248.7 million Euros). As at 30 June 2014 ZhongDe still maintains a strong cash position of 88.5 million Euros (31 December 2013: 110.1 million Euros). Besides the regular cash outflow due to the company’s normal operation, the decrease in cash position was also caused by repayments of loans.

 

Financial outlook remains unchanged

With regard to the second half of 2014 ZhongDe maintains its outlook given at the end of May in its Q1 2014 report. Thus, improved operating results are expected for the full year 2014, although still leading to a loss before taxes.

 

In the mid-term, ZhongDe still expects to benefit from the favourable political and economic environment for eco-friendly waste disposal, as well as from the growing demand for energy-from-waste-plants, both in China and throughout Asia. Furthermore, the management board evaluates all strategic opportunities on a regular basis, which refers to the acquisition of new BOT or EPC contracts as well as to the potential sale of several or all BOT projects.

 

Please find the complete H1 report 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

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9 May 2018

ZhongDe Wastes Technology AG: Introduction for DingZhou Waste-to-Energy Project


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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

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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

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28 August 2013

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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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