Everbright Greentech H1 profit rises on stronger solid waste treatment pricing

China Everbright Greentech

12/08/2026 05:18

Overview
Hong Kong waste-to-energy firm's half-year revenue rose 3% yr/yr to HK$3.49 bln
Profit attributable to equity shareholders up 2% to HK$195 mln for the period
Company declared interim dividend of HK2.9 cents per share, up from HK2.8 cents

Outlook
Company did not provide specific guidance or outlook for future periods

Result Drivers
NEW GROWTH ENGINE – The heat supply business was the new growth engine of the integrated biomass utilisation segment
HIGHER PRICES - The domestic hazardous and solid waste treatment market stabilized, leading to higher prices for some treatment unit prices
LOWER ADMINISTRATIVE AND FINANCE COSTS - Administrative and finance expenses decreased compared to prior year

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
HK$3.49 bln
 
H1 Net Income Attributable
 
HK$195.30 mln
 

Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the electric utilities peer group is "buy."
Wall Street's median 12-month price target for China Everbright Greentech Ltd is HK$1.05, about 36.4% above its August 11 closing price of HK$0.77
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)