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金矿危废处置龙头鸿承环保科技大涨超8%

The leader of gold mine hazardous waste disposal Hongcheng environmental protection technology has soared by more than 8%.

格隆滙 ·  Nov 22, 2021 11:26

Hongcheng Environmental Technology (2265.HK) rose more than 8 per cent to HK $1.06 in intraday trading today. Hongcheng environmental protection technology is the leader of hazardous waste disposal of gold mines in China, focusing on two major business directions: hazardous waste disposal and renewable resources. The company's gross profit margin has basically remained above 60% in the past two years, and the net profit rate has been above 30% for a long time, which is obviously higher than the industry level

It is reported that the distribution law of the gold mine hazardous waste industry is highly linked to the gold mining industry, which is the main customer in the upstream, showing an obvious "28 effect". According to the Frost Sullivan report, CR5 in China and Shandong are 68 per cent and 65 per cent respectively in terms of 2020 earnings. Among them, Hongcheng Environmental Protection ranks second in Shandong Province and third in China with a market share of 10% and 15% respectively. Such a centralized industry structure can ensure the certainty of the future performance growth of environmental protection in the industry leader.

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