SMM Analysis: Double Increase in Profits from Zhefu Holdings in the Fi

Published: Aug 25, 2023 17:13

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SMM Analysis: Double Increase in Profits from Zhefu Holdings in the First Half of the Year, Analysis of the New Cross-track Development Strategy of Domestic Waste Enterprises Gradually Showing Layout of Lithium Battery Recycling and Reuse. On the evening of August 24, Zhefu Holdings released its semi-annual report for 2021. The company achieved operating revenue of 9.354 billion yuan in the first half of the year, an increase of 19.86% year-on-year; net profit attributable to listed company shareholders was 748 million yuan, an increase of 13.94% year-on-year; basic earnings per share were 0.14 yuan.

Zhefu Holdings, which originated from Tonglu, Zhejiang, has now become a large enterprise group that coordinates the development of clean energy equipment and environmental protection businesses in China. The company has an integrated hazardous waste treatment technology and facilities from the front end of "collection-storage-harmless treatment-deep processing of resources". At the same time, the company has industry-leading technology research and development, market development, product design and manufacturing capabilities in fields such as hydropower and nuclear power, and its products are exported to many countries overseas.

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