China Everbright Environment : 2024 Annual Results Announcement

About this update from China Everbright Environment Group Limited

[{"type":"text","content":"\n Financial Review\n (HK$ 100 million)\n For Full Year Ended 31 December 2024 2023\n Year-on-year\n Change\n Revenue\n 302.58\n 320.90\n -6%\n Gross Profit\n 115.36\n 138.11\n -16%\n EBITDA\n 100.75\n 128.28\n -21%\n Profit Attributable to Equity Holders of the Company\n 33.77\n 44.29\n -24%\n Return on Shareholders' Equity (%)\n 7.01\n 9.27\n -2.26ppt*\n Basic Earnings per Share (HK cents)\n 54.98\n 72.10\n -24%\n Final Dividend per Share (HK cents)\n 9.0\n 8.0\n 13%\n Total Dividend per Share (HK cents)\n 23.0\n 22.0\n 5%\n Dividend Payout Radio (%)\n 41.8\n 30.5\n 11.3ppt** ppt: percentage point(HK$ 100 million)\n As at 31/12/2024\n As at 31/12/2023\n Year-on-year\n Change\n Total Assets\n 1,860.27\n 1,891.83\n -2%\n Total Liabilities\n 1,196.10\n 1,236.60\n -3%\n Equity Attributable to Equity Holders of the Company\n 482.11\n 481.41\n +0%\n Cash and Bank Balance\n 80.42\n 86.33\n -7%\n Gearing Ratio (%)\n (total liabilities/total assets)\n 64\n 65\n -1ppt** ppt: percentage point\n Trend in Revenue Structure and Revenue Analysis by Category\n (HK$ 100 million)\n Steady Progress in Market Expansion\n Continued Consolidation of Operational Quality and Efficiency\n Operating Highlights\n Continued Enhancement of Management Efficiency\n Advancement of Technological Innovation Empowerment\n Establishment of a Diverse Ecological System\n Construction of a Green Brand Image\n 1. Steady Progress in Market Expansion\n In 2024, Everbright Environment continued to focus on three major areas, namely solid waste, water-related business and clean energy. It solidified its traditional business areas, explored new businesses and development models, further extended its business chains, expanded synergistic businesses, and promoted a balanced growth between asset-light and asset-heavy businesses. During the year under review, it invested in and secured 12 new projects with a total investment of approx. RMB1.764 billion, and signed new contracts for asset-light business worth approx. RMB1.835 billion.\n Stable Development of the Traditional Major Businesses\n • The Group invested in multiple projects in areas such as waste-to-energy (\"WTE\"), waste water treatment (\"WWT\") and solar power.\n • It also expanded its asset-light services, including integrated sanitation solutions, industrial WWT, and equipment supply, further solidifying its b...

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