Press releases
ZhongDe Waste Technology AG: Successful operation of Datong Project
Hamburg, February 12, 2010
Total revenues of approx. EUR 32 million
25% gross profit margin of first large-scale EPC Project
Treatment of 1,000 tons of municipal waste per day
ZhongDe Waste Technology AG [Ticker ZEF] announces that its first large size waste-to-energy project in Datong is operating smoothly and has already met specified standards during the first three months of operation. The project went into operation and was connected with the power grid for the sale of electricity in November 2009. Total revenues of Datong amount to approx. EUR 32 million (excluding tax) and will be completely recognized in financial year 2009. The gross profit margin of Datong EPC project amounts to approx. 25% (unaudited).
The Datong waste disposal and electricity generation project uses a circulatory fluidized bed waste incinerator supplemented with less than 20% coal. Three incineration lines with a daily treatment capacity of 500 tons each are installed, of which one line is for standby. The project treats an average of 1,000 tons of municipal waste per day with a maximum daily capacity of 1,500 tons and on the basis of 7,600 hours of equipment utilization per year. Total waste treatment volume of the entire plant is 316,600 tons per year. The annual maximum treatment capacity is 360,000 tons.
Zefeng Chen, founder and CEO of ZhongDe Waste Technology AG, comments: "We are very happy to announce the successful operation of the Datong waste-to-energy project. Datong is our first large-scale EPC project. The owner of the incineration plant with power generation is very satisfied with the operation results and the win-win cooperation with ZhongDe. The smooth operation of Datong project is a strategic milestone and will accelerate our stride in the large-scale waste-to-energy market."
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. Its waste incinerators are principally constructed for small and midsized Chinese cities in developed areas of the People's Republic of China, as well as for operators of medical disposal centres in the hospital and healthcare industry. ZhongDe Group is one of the leading suppliers of state-of-the-art solid waste incinerators in China. ZhongDe Group also acts as one of the leading players of large-size Waste-to-Energy industry in China.
Contact
William Jiuhua Wang
Executive Director & CFO
ZhongDe Waste Technology AG
Tel: +86 (10) 885 98 010
E-Mail: william.jw@zhongdetech.com
Li Zhong (Linda)
Investor Relations Manager
Stadthausbrücke 1-3
20355 Hamburg
Tel: +49 40 37644 756
Fax: +49 40 37644 500
E-Mail: li.zhong@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
