Zhongtong Financial App reported that wg env tech (01845) announced its mid-term performance in 2024, with revenue of RMB 90.3 million yuan, a 4.2% year-on-year increase. The company's attributable loss to owners was 5.267 million yuan, compared to a profit of 0.449 million yuan in the same period last year; loss per share was 0.395 cents.

The announcement stated that the increase in revenue was mainly due to the increase in service revenue from oilfield surrounding services and parallel collaborative disposal solutions services for cement kiln; as well as the start of revenue generation from oil sludge thermal desorption disposal business. The main reason for the increase in losses is the significant decrease in gross profit of the hazardous waste incineration disposal solution business.