Brief Introduction

Road Environment Technology Co., Ltd. was established in 2006. It was listed on the Science and Technology Innovation Board of Shanghai Stock Exchange on September 22, 2020. The stock abbreviation is "Road Environment" and the stock code is 688156.

Road Environment is a high-tech enterprise dedicated to the research and industrial application of advanced environmental protection technology, focusing on water environment management and solid waste reduction, harmless, stabilization and resource utilization. After years of development, Road Environment becomes the professional solution provider in the fields of engineering mud, municipal sludge, industrial slag, and industrial sewage.

The company has a sound R&D system for technological innovation, with first-class qualification for professional contracting of environmental engineering, Hubei Provincial Enterprise Technology Center, Hubei Provincial Engineering Research Center and other R&D innovation platforms. It has successively won 1 National Torch Program, 2 National Key New Products, 4 Provincial Science and Technology Progress Awards, 7 Science and Technology Achievements of Hubei Province, 99 National Patents (including 16 Invention Patents) and many other honorary awards.

Create all the way and grow all the way. The company practices the ecological civilization thoughts of " Clear waters and green mountains are as good as mountains of gold and silver. " and "Landscapes, forests, fields and lakes are a community of life", and devotes itself to the cause of green environmental protection. Up to now, more than 30 river and lake sludge and engineering mud solidification treatment centers have been operated, and nearly 30 million cubic meters of river and lake sludge and engineering mud have been treated in Zhejiang, Hubei, Jiangsu, Guangdong and other places. And the treated mud cakes have been utilized to prepare engineering backfill, green planting soil, new energy-saving wall materials, etc., effectively solve the way out of mud cakes and realizing "zero discharge" of solid waste.

In the field of industrial lees, the company has built a distiller's lees resource utilization plant on bank of Chishui River to realize the comprehensive disposal and resource utilization of organic lees. The annual processing capacity of distiller's lees is more than 100,000 tons. The product Peptidetech yeast culture has both nutritional and functional properties, which can effectively relieve digestive dysfunction caused by various stresses, improve immunity, and promote intestinal microecological balance. Fundamentally solve the environmental pollution and breeding safety problems caused by the waste of brewing lees, and create a liquor circular economy industrial chain.

The company has maintained long-term cooperation with Three Gorges Group, China State Construction, China Railway Construction, Moutai Group, New Hope Group, etc., and has achieved great environmental, social and economic benefits. In the future, with the help of the capital market, Road Environment will stay true to its original aspirations, forge ahead, continue to improve its professional capabilities, and implement "to protect the Yangtze River together and promote high-quality development" to help build a waste-free city, improve environmental quality, and assist realizing circular economy. Promote green and low-carbon development and create a better tomorrow for water environment and solid waste management.

Company Overview

Full name Road Environment Technology Co., Ltd.
Abbreviations Road Environment
Code 688156
Founded August 9,2006
Listing September 22,2020
Domicile Wuhan
STAR Theme Energy Conservation & Environmental Protection
CSRC Sector Water conservancy, environment and public facilities management
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 0.64 0.64 0.27
R&D expenditure as a % of operating revenue 4.46% 3.61% 2.71%
Operating Revenue/RMB mn 250.40 303.69 225.40
Net Income/RMB mn 56.08 50.55 23.79

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 250.40 303.69 225.40
Operating Costs 137.26 191.03 154.84
Operating Income 61.64 61.35 34.21
Pretax Income 67.01 61.27 32.76
Income Tax 10.93 10.75 8.97
Net Income 56.08 50.52 23.79

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 654.80 296.70 233.47
Non-current Assets-Total 224.00 230.18 229.77
Total Assets 878.79 526.87 463.24
Current Liabilities-Total 132.78 148.81 123.28
Non-current Liabilities-Total 4.08 6.61 18.76
Total Liabilities 136.87 155.42 142.05
Stockholder's Equity
Share Capital 557.96 233.79 233.79
Retained Profits 149.94 102.20 58.37
Minority interests 34.02 35.46 29.04
Total Owners' Equity 741.93 371.45 321.19

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 23.53 30.50 49.50
Net Cash Flows-Investing -10.31 -50.08 -33.28
Net Cash Flows-Financing 313.97 -1.80 30.21

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
季光明 19.02 20.71%
中路优势(天津)股权投资基金合伙企业(有限合伙) 5.40 5.88%
李晓波 3.74 4.07%
肖冰 3.35 3.65%
樟树市华晨成长股权投资基金(有限合伙) 3.00 3.27%
中小企业发展基金(江苏南通有限合伙) 2.67 2.91%
李宏梅 2.63 2.87%
刘焕琴 2.43 2.65%
宁波熔岩投资管理有限公司-熔岩新三板1号基金 1.62 1.76%
董云仙 1.50 1.63%
31 Mar 2021

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