On March 31, China's largest gold mine hazardous waste treatment company, Hongcheng Environmental (2265.HK), revealed its first report card after listing. Revenue, gross profit and net profit for FY2021 all maintained double-digit growth. According to data, in 2021, the company achieved total revenue of about 257 million yuan, an increase of about 25.1% over the previous year; gross profit of about 167 million yuan, an increase of about 34.5% over the previous year; adjusted net profit (excluding non-recurring listing expenses) was about 99.82 million yuan, an increase of 29.0% over the previous year.
Let's take a long picture to understand the company's performance highlights and business development.