ZHENENG JINJIANG ENVIRONMENT HOLDING Reports Q2 FY2023 Earnings Results
August 25, 2023
🌥️Earnings Overview
On August 9, 2023, ZHENENG JINJIANG ENVIRONMENT HOLDING ($SGX:BWM) announced its earnings results for the second quarter of FY2023 ending June 30, 2023. Total revenue for the quarter increased by 105.1% year-over-year, amounting to CNY 1992.2 million, and reported net income stood at CNY 266.3 million – a massive improvement compared to its losses of -12.0 million in the same quarter of the previous year.
Market Price
The stock opened at SG$0.3, staying relatively flat throughout the day, and closed at the same price. This was a slight decrease from the previous closing price of SG$0.3, marking a decline of 1.6%. This was primarily due to a reduction in costs associated with the disposal of assets and other non-recurring items. This was mainly driven by lower operating costs and strong sales performance in several key sectors.
This was primarily driven by a rise in long-term investments and a decrease in cash deposits. Overall, ZHENENG JINJIANG ENVIRONMENT HOLDING reported strong financial results for the second quarter of FY2023, with increases in both net income and total assets. This is likely to give investors confidence in the company’s future prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for BWM. More…
| Total Revenues | Net Income | Net Margin |
| 4.23k | 497.84 | 11.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for BWM. More…
| Operations | Investing | Financing |
| 1.51k | -965.47 | -649.44 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for BWM. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 21.52k | 14.38k | 4.83 |
Key Ratios Snapshot
Some of the financial key ratios for BWM are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.5% | 21.6% | 26.1% |
| FCF Margin | ROE | ROA |
| 11.3% | 10.1% | 3.2% |
Analysis
GoodWhale has conducted an in-depth analysis of ZHENENG JINJIANG ENVIRONMENT HOLDING’s financials. Our Risk Rating system gave ZHENENG JINJIANG ENVIRONMENT HOLDING a high risk rating, indicating potential risks in both the financial and business aspects of the company. We have identified 2 risk warnings in the income and balance sheets. If you’re a registered user of GoodWhale, you can view our analysis to identify which risks to watch out for. With our insights, you can make a more informed decision when considering this company as an investment. More…
Peers
Zheneng Jinjiang Environment Holding Co Ltd is one of China’s leading environmental service providers. It faces a competitive market consisting of companies such as China Everbright Greentech Ltd, Sinoma Energy Conservation Ltd, and Tunghsu Azure Renewable Energy Co Ltd who offer similar services in the environmental sector. Despite the competition, Zheneng Jinjiang remains a leader in the industry, providing service solutions to a wide variety of industries.
– China Everbright Greentech Ltd ($SEHK:01257)
Everbright Greentech Ltd is a Chinese multinational company that is focused on environmental protection and industrial infrastructure. It has a market capitalization of 2.17 billion as of 2023, which reflects its strength and potential to be a major player in the industry. Its return on equity, which measures its profitability, is 5.7%, indicating that it is generating a healthy return for its shareholders. The company’s core focus is on green energy solutions, waste treatment, environmental engineering, and water treatment. By investing in these core areas of environmental protection, Everbright Greentech Ltd is well positioned to benefit from the global shift towards sustainable development and environmental protection.
– Sinoma Energy Conservation Ltd ($SHSE:603126)
Sinoma Energy Conservation Ltd is a leading energy conservation company in China. It specializes in providing energy efficient solutions to various industries and businesses. The company has a market cap of 4.43B as of 2023, making it one of the largest Chinese companies in the industry. Additionally, Sinoma Energy Conservation Ltd has an impressive return on equity (ROE) of 7.46%, indicating that the company is producing significant returns for its shareholders.
– Tunghsu Azure Renewable Energy Co Ltd ($SZSE:000040)
Tunghsu Azure Renewable Energy Co Ltd is a Chinese clean energy company specializing in the development and operation of renewable energy projects. As of 2023, the company has a market cap of 5.92 billion dollars. Tunghsu Azure Renewable Energy Co Ltd has a strong performance, with a return on equity of 1.34%, which is higher than the industry average. This indicates that the company is making efficient use of its assets to generate profits. Furthermore, the strong market cap and high ROE make Tunghsu Azure Renewable Energy Co Ltd an attractive investment opportunity.
Summary
ZHENENG JINJIANG ENVIRONMENT HOLDING reported its second quarter FY2023 earnings on August 9 2023. Total revenue grew 105.1% year over year to CNY 1992.2 million, and net income increased to CNY 266.3 million from -12.0 million. This strong financial performance is indicative of the company’s potential for growth and its ability to generate significant profits in the future. Investors should consider the company’s strong fundamentals and its potential for long-term gains when making their investment decisions.
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