A quote from the company' s press release on 26 Feb 2021:
SIIC Environment Reports a 4.9% Rise to RMB6.25 billion in Revenue,
Net Profit Attributable to Shareholders Up 5.8% YOY to RMB635.3 Million in FY2020
The Groups revenue amounted to RMB6.25 billion, an increase of 4.9% year-on-year (YOY)
The Groups net profit attributable to shareholders amounted to RMB635.3 million, an increase of 5.8% YOY
Operating and maintenance income and financial income from service concession arrangements amounted to RMB3.77 billion in FY2020, a 12.7% increase YOY
Gross profit margin increased by 2.5% to 34.9% in FY2020 mainly due to the higher contribution from operating gross profit
The increase of operating and maintenance income was due to a 5.3% increase in wastewater treatment volume and a 5.8% increase in the volume of O& M projects
In terms of projects, 16 new wins of wastewater treatment projects, with a total design capacity of 401,300 tonnes per day 24 new wins o f expansion and upgrading projects, with a total design capacity of 1,547,500 tonnes per day
18 wastewater treatment projects, expansion and upgrading projects and under construction projects have completed and have commenced commercial operation, with a total design capacity of 720,000 tonnes per day
As of FY2020, the Group hold more than 200 wastewater treatment and water supply projects with total design capacity more than 12.89 million tonnes per day
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