China Everbright ( (CHFFF) ) has released its Q4 earnings. Here is a breakdown of the information China Everbright presented to its investors.
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China Everbright Environment Group Limited, a leading player in the environmental protection sector, specializes in waste-to-energy, water treatment, and greentech projects across China and international markets. The company recently announced its annual results for 2024, highlighting a challenging year with a 6% decline in revenue to HK$30.26 billion and a 24% drop in profit attributable to equity holders, amounting to HK$3.38 billion. Despite the downturn, the company increased its final dividend, reflecting a commitment to shareholder returns.
Key financial metrics revealed a 21% decrease in EBITDA to HK$10.07 billion, while basic earnings per share fell to HK54.98 cents. The company maintained a strong cash position with HK$8.042 billion on hand, supported by strategic financing activities, including the issuance of medium-term notes and asset-backed securities. The company also secured government subsidies worth approximately RMB100 million, underscoring its financial resilience.
China Everbright’s strategic focus on expanding its market presence and enhancing operational efficiency was evident in its investment in 12 new projects, with a total investment of RMB1.764 billion. The company also signed contracts for asset-light businesses worth RMB1.835 billion, reflecting its commitment to diversifying revenue streams. Technological innovation remained a priority, with successful commercialization of 30 technical projects, enhancing cost efficiency and operational safety.
Looking ahead, China Everbright Environment Group aims to strengthen its core capabilities and expand its international footprint, focusing on technology-driven growth and sustainable development. The company’s strategic initiatives are expected to bolster its market position and drive long-term value creation for shareholders.