Zhongke Environmental Protection (301175.SZ) released its semi-annual report on August 12th. In the first half of 2024, the company achieved revenue of 811.8417 million yuan, a year-on-year increase of 10.08%. The total profit was 206.148 million yuan, a year-on-year increase of 6.33%. The net income attributable to the company's shareholders was 163.7921 million yuan, a year-on-year increase of 17.97%. The company processed 2.1702 million tons of waste in its operating projects, an increase of 24.68% compared to the same period last year. The amount of power generated was 497.0374 million degrees, an increase of 7.89% compared to the same period last year. The company generated 0.7834 million tons of heat, an increase of 59.71% compared to the same period last year. The core equipment sales signing amount was approximately 0.18 billion yuan, a significant increase compared to the same period last year.
In terms of green thermal energy, the company fully leverages its differentiated competitive advantages of high power generation efficiency and thermal efficiency, focuses on the efficient utilization of green thermal energy, continuously improves the supply of green thermal energy for existing projects, and achieved 0.7834 million tons of heat supply during the reporting period, an increase of 59.71% compared to the same period last year. The company actively acquires targets with heating potential through standardized operation to improve its performance. After successfully acquiring the Shijiazhuang project at the end of 2023, the company shared its advanced operational management experience, standardized management capabilities, and enterprising corporate culture. Within three months of the acquisition, profit increased significantly, demonstrating the company's integration capabilities and management level. Projects in Mianyang, Santai, Jincheng, and Fangchenggang actively explore the feasibility of industrial heating, civil heating, and mobile heating, deeply excavate heating potential, and develop the heating market. As of now, 11 heating intentions agreements have been signed, and it is expected that after all intentions are met, the annual heating capacity will exceed 0.75 million tons on the existing basis.