Junxin Co., Ltd.: In the first half of 2023, the net profit attributable to the parent increased by 28.45%, and the operating performance increased steadily
Securities Times Network News,On the evening of August 28, Hunan Junxin Environmental Protection Co., Ltd. (stock abbreviation: Junxin Shares; Code: 301109) Announcement of the 2023 semi-annual report. In the first half of 2023, the company achieved an operating income of 771 million yuan and a net profit attributable to the parent of 243 million yuan, a year-on-year increase of 28.45%; achieved basic earnings per share of 0.5927 yuan, a year-on-year increase of 7.02%; Net cash flow from operating activities was RMB390 million, an increase of 33.7% year-on-year.
According to the data, since 2018, the company's net profit has continued to grow steadily for five consecutive years. While maintaining steady operation, the company actively returns shareholders, with a cumulative dividend of about 472 million yuan for two consecutive years since listing, with a dividend rate of more than 5%, and has been selected into the top ten list of Hunan A-share listed companies in terms of operating efficiency selected by the Hunan Provincial Local Financial Supervision Bureau in the past two years, highlighting the high-quality operation level.
In terms of production and operation, in the first half of 2023, the company completed garbage treatment of 1.7079 million tons, a year-on-year increase of 2.46%, fly ash treatment capacity of 36,700 tons, a year-on-year increase of 7.51%, and sludge treatment capacity of 223,600 tons, a year-on-year increase of 0.51%; Achieved 675 million kWh of electricity on the grid for waste incineration, a year-on-year increase of 2.95%.
According to public information, the first and second phases of Changsha domestic waste incineration projects that the company has operated can process a total of 10,000 tons of domestic waste, and according to the current treatment capacity, the production capacity will be further released with the gradual growth of garbage.
At the same time, the company is building Liuyang municipal domestic waste incineration power generation project and Pingjiang County municipal sludge and domestic (kitchen) waste incineration power generation project, after completion, the company's solid waste treatment scale will increase, profitability is expected to be further improved.
In May this year, during the China-Central Asia Summit held in Xi'an, the company signed a memorandum of understanding on municipal waste treatment with the city of Osh in the Kyrgyz Republic, successfully opening up the overseas solid waste treatment market.
In terms of R&D investment, in the first half of 2023, the company completed a total R&D investment of 45.1525 million yuan, a year-on-year increase of 22.79%. The continuous investment in technology research and development has promoted the continuous improvement of the operational efficiency of the company's solid waste treatment project, the company's ton of garbage on-grid electricity exceeds 400 degrees, the power consumption rate of the plant is only about 10%, the thermal energy utilization efficiency has maintained a steady improvement, and the flue gas emission index is better than the latest national standards and EU standards.
As of June 30, 2023, the company has obtained a total of 238 national authorized patents, including 43 invention patents. The company has long been committed to continuously improving energy conservation and emission reduction benefits through technological innovation, reducing carbon dioxide emissions by more than 1 million tons per year, and is expected to obtain additional income through CCER and green certificate trading under the background of carbon market and green certificate trading expansion.
In addition, Junxin is promoting asset restructuring. According to the company's announcement information, the Shenzhen Stock Exchange has accepted the major asset restructuring of the company's acquisition of 63% of the equity of Hunan Renhe Environment Co., Ltd. If the acquisition is successfully completed, the company's main business will extend vertically to garbage collection and transfer and sanitation integration, and horizontally expand the sales business of food waste, kitchen waste treatment and industrial-grade mixed oil other than existing landfill, waste incineration power generation, sludge disposal, landfill leachate and fly ash treatment, which is conducive to giving full play to the synergy of the complementary resources of both sides, further building a "moat" for the company's future performance growth, and enhancing the company's business expansion capabilities in domestic and international markets. Further enhance the company's industry position and influence.
Junxin Co., Ltd. said that in the future, the company will actively respond to the national industrial policy, continue to base itself on the field of solid waste treatment and green energy, continuously increase technology research and development, and achieve new breakthroughs in the pain points and difficulties of the industry. At the same time, it will accelerate the pace of market development, actively explore the domestic and "Belt and Road" national markets by exporting the company's advanced management, technology and comprehensive collaborative treatment mode of solid waste, and continuously make new contributions to the improvement of the ecological environment and the implementation of the "dual carbon" strategy. (Zhong Sanwen)
