Core Viewpoint - The company, Junxin Co., plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its competitiveness, international brand image, and overseas business layout, while also increasing its overseas financing capabilities [1][2]. Company Strategy and Market Expansion - Junxin Co. has been actively expanding its overseas market presence, recently signing waste management project agreements in Kyrgyzstan, including a project in the capital Bishkek and another in Issyk-Kul region, both with a waste processing capacity of 2,000 tons per day [3][4]. - The company focuses on solid waste treatment and green energy, with services including waste incineration power generation, kitchen waste treatment, sludge disposal, and leachate treatment [2][4]. Financial Performance - In Q1 2025, Junxin Co. reported a revenue of 767 million yuan, a year-on-year increase of 54.23%, and a net profit of 173 million yuan, up 39.41% [1][5]. - The company’s overall performance has shown a consistent upward trend, with a revenue of 2.431 billion yuan in 2024, a 30.86% increase from the previous year, and a net profit of 536 million yuan, up 4.36% [5][6]. Operational Metrics - In Q1 2025, the company processed 893,800 tons of waste, a 10.54% increase year-on-year, with incineration processing volume up 15.81% [6]. - The company achieved a significant increase in electricity generation from waste incineration, with a total of 446 million kWh, reflecting a 33.52% growth compared to the previous year [6]. Shareholder Returns - Junxin Co. has consistently returned value to shareholders, with cash dividends exceeding 369 million yuan in both 2022 and 2023, and an expected total cash dividend of 507 million yuan for 2024, representing 94.59% of the net profit [7].
军信股份首季营收净利双增 拟“A+H”上市加速国际化