Gelonghui, March 24 | Pioneer Environment (03989.HK) announced the annual results for the year ended December 31, 2023. During the year under review, the Group's revenue from the waste treatment and waste-conversion energy business was approximately RMB 4,076 billion, a year-on-year decrease of about 11.17%. The decline was mainly due to the company's commercial operation of several projects under construction in 2023, and a sharp drop in construction revenue. Net profit attributable to owners of continuing operations companies was approximately RMB 285 million, an increase of approximately 122.03% over the previous year. The increase was mainly due to exchange losses due to exchange rate changes in 2022. Ordinary equity holders in the parent company should account for RMB 2.00 points of earnings per share.
Work together to seek development, increase revenue and save support. In 2024, “stability” is the main tone, and “progress” is the general direction. The Group will implement an annual work strategy of “in-depth attack, comprehensive quality improvement, innovation and system upgrade” around the overall goal of “innovative breakthroughs based on improving operational efficiency”.
The incineration sector should seize the second phase of stock opportunities and seek steady progress; rely on inventory and horizontal and vertical collaboration to actively promote model innovation, develop solutions, and broaden channels for revenue growth. The urban and rural sanitation sector should focus on comprehensive urban stewardship service projects such as road cleaning, greening, water cleaning, and garbage sorting, etc., to give full play to the market resources and territorial management advantages of city companies, strengthen collaboration through “self-employ+agency” methods, and increase the number of orders received. The site restoration sector should deeply cultivate key strategic areas, increase efforts to expand projects with guaranteed capital; adjust the business model to prioritize stability and increase payment guarantee clauses; and use policy trends to develop new business areas such as saline-alkali land and tailings depots. The energy-saving dual-carbon sector should achieve a steady increase in existing consulting business contract amounts, and the team's ability to generate profits continues to grow; explore dual-carbon businesses such as low-carbon enterprises, park demonstrations, low-carbon product certification, carbon neutrality certification, and green certificate issuance and trading.
In 2024, in the face of a market environment where uncertainty and certainty coexist, all members of the Group will further unify their ideas, strengthen their confidence, continue to create a new work situation and reach a new level from a new starting point, jointly promote the Group to usher in new and greater development, and hand over a satisfactory answer to all shareholders!