According to the Zhitong Finance App, Dinos Environmental Protection (01452) announced the results for the year ended December 31, 2023. The group recorded revenue of 126 million yuan, an increase of 101.3% over the previous year, and a loss of 25.434 million yuan during the year, an increase of 8.1% over the previous year. The basic loss per share was 0.05 yuan.

During the reporting period, revenue from sales of flat plate denitrification catalysts increased by 12.7% to approximately RMB 59 million compared to about RMB 52 million in the same period in 2022, mainly due to fluctuations in market demand. The average sales price per cubic meter (“cubic meter”) of flat plate denitrification catalysts increased by about 12.5% from RMB 12,758 per cubic meter in 2022 to RMB 14,353 per cubic meter during the reporting period, while sales volume of flat plate denitrification catalysts decreased slightly by about 0.7% from 4,642 cubic meters in 2022 to 4,608 cubic meters in the reporting period. The flat plate denitrification catalyst market mainly comes from power plant customers, steel plants, cement plants, etc.

Revenue from sales of honeycomb denitrification catalysts increased 119.8% from approximately RMB 9.6 million in the same period in 2022 to approximately RMB 121 million during the reporting period, mainly due to fluctuations in market demand. The average price of honeycomb denitrification catalysts increased by about 54.9% from RMB 13,493 per cubic meter in 2022 to RMB 20,902 per cubic meter during the reporting period, and sales volume of honeycomb catalysts increased by about 43.8% from 795 cubic meters in 2022 to 1,143 cubic meters in the reporting period. The honeycomb denitrification catalyst market mainly comes from power plants, steel plants, cement plants, etc. Due to the sharp increase in the number of honeycomb denitrification catalyst contracts in 2023, the epidemic was lifted, and delivery was no longer affected by this. As a result, revenue of honeycomb denitrification catalysts increased significantly in 2023.