Brief Introduction

GreenTech Environmental Co., Ltd (GreenTech) is a national high-tech company which specializes in advanced water treatment and waste-to-resources technology. Based on three self-developed core technologies - Membrane Operation System Equipment Technology, Membrane System Application Technology and Membrane System Operation Technology, we provide water treatment solutions, operation services and waste-to-resources products for our users.

Since its establishment 16 years ago, GreenTech has devoted to solving the problem of water pollution and water shortage in China through waste-to-resources process.

The company is in a leading position in integrated technology and implementation scale in advanced drinking water treatment, advanced wastewater treatment and waste-to-resources fields around the nation.In the field of advanced drinking water treatment, we take the lead in the large-scale implementation of nanofiltration membrane technology in China, with the total treatment scale surpassing 300,000 t/d, ranking the first in the country. In the field of membrane municipal advanced wastewater treatment, we are one of the domestic companies with the capacity to provide full plant water treatment solutions for ultrafiltration water plants with the scale of 200,000 t/d and above. We can construct a single 120,000 t/d all-ground buried MBR project. In the field of waste-to-resources, we adopt dual membrane technology (ultrafiltration + nanofiltration/reverse osmosis) to treat municipal and industrial wastewater and produce high-quality reused water/new water on a large scale (with an output of more than 200,000 t/d). The comprehensive technology and implementation scale of the company is in the leading position in China.

GreenTech values technological innovation. Depending on our own three core technologies, we have a comprehensive service capability in membrane system design, construction and operation. The Membrane Operation System has obtained several domestic and foreign patents, which fills China’s gap.

The international industry authority has recognized GreenTech's comprehensive strength. According to the GWI 2018 annual report, the company ranked 11th in "Global TOP15 Desalination and Water Reuse Project Developer", which is one of the four listed companies in China. The Tangshan Nanpu waste-to-resources project, which was developed and implemented by GreenTech, was shortlisted for the GWI Global Water Awards - Best Industrial Water Treatment Project in 2019. Among the four shortlisted industrial water projects in the world.,wewere the only shortlisted project in China.

In the future, GreenTech will continue to focus on the field of water treatment and waste-to-resources. Hold tight to the national policy and the opportunity of environmental protection, and implement the concept of "Lucid waters and lush mountains are invaluable assets" to solve water pollution and water shortage in China through waste-to-resources.

Company Overview

Full name GreenTech Environmental Co., Ltd.
Abbreviations GreenTech
Code 688466
Founded 2004.07.08
Listing 2020.05.08
Domicile Beijing
Website www.greentech.com.cn
Email ir@greentech.com.cn
STAR Theme Energy Conservation & Environmental Protection
CSRCSector Water conservancy, environment and public facilities management
Has weighted voting rights structure? No

Financials

Highlights

  2019 2018 2017
Earnings Per Share 0.97 0.87 0.47
R&D expenditure as a % of operating revenue 3.47% 5.19% 3.79%
Operating Revenue 504.56 402.15 262.87
Net Income 76.89 66.76 35.80

Income Statement (Unit: RMB mn)

  2019 2018 2017
Operating Revenue 504.56 402.15 262.87
Operating Costs 332.91 257.65 176.64
Operating Income 89.44 78.52 41.66
Pretax Income 91.11 78.47 41.41
Income Tax 14.22 11.70 5.62
Net Income 76.89 66.76 35.80

Balance Sheet(Unit: RMB mn)

  2019 2018 2017
Assets
Current Assets-Total 636.22 504.77 305.29
Non-current Assets-Total 105.40 62.04 57.01
Total Assets 741.62 566.81 362.30
Liabilities
Current Liabilities-Total 385.87 288.75 166.32
Non-current Liabilities-Total 12.99 16.20 28.70
Total Liabilities 398.85 304.95 195.02
Stockholder's Equity
Share Capital 152.60 152.60 124.91
Retained Profits 182.82 108.12 41.23
Minority interests 7.34 1.14 1.16
Total Owners' Equity 342.77 261.87 167.29

Cash Flow Statement (Unit: RMB mn)

  2019 2018 2017
Net Cash Flows-Operating 90.15 63.04 31.42
Net Cash Flows-Investing -48.87 -62.70 -7.87
Net Cash Flows-Financing 11.20 61.46 -0.64

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Zhang Huichun 25.89 25.20%
Victorious Joy Water Services Limited 18.37 17.88%
Beikong Zhongkecheng Environmental Protection Group Co.,Ltd. 17.62 17.15%
Clean Water Holdings Limited 4.95 4.83%
Liu Danfeng 2.95 2.88%
Wu Jiduan 2.45 2.39%
Ningbo Guangmao Investment Management Partnership (L.P.) 2.07 2.01%
Beijing Yi Eryi Environmental Investment Center (limited partnership) 0.75 0.73%
Luo Lan 0.49 0.48%
Li Suyi 0.49 0.48%
8 May 2020

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