Solar power plant EPC xing rong environment 2019 financial report analysis: water market opportunities and challenges in the future

Xing rong environment, according to the recently released annual report in 2019, the annual operating revenue achieved 48. 3. 8 billion yuan, rose 16. 31%; Attributable to the parent company net profit 10. 8. 1 billion yuan, rose 9. 44%. By the end of 2019, total assets of 253. 3. 7 billion yuan, the initial growth in the 21st. 11%; Ownership of the parent company with a net worth of 112. 4. 7 billion yuan, solar panels, solar equipment, an increase 7 from the beginning. 68%.

points quarterly, xing rong environment four quarters kept steady growth. Four quarter revenues and 9, respectively. 5. 9 billion yuan, 11. 5. 4 billion yuan, 11. 7 billion yuan, 15. 5. 4 billion yuan.

2019 xing rong water environment throughout the year to achieve sales volume of 888. 75 million tons; Sewage processing volume of 988. 4 million tons; Sludge treatment total of 14. 060000 tons; Waste incineration power generation is 467. 32 million degrees; Garbage leachate capacity of 840000 tons; Water sold water quantity of 84. 38 million tons.

the survey, xing rong environment water supply business still is the main source of revenue, revenues and 27, 2019. 8. 8 billion yuan, solar net, 57 of total revenue. 62%; The second is sewage services revenue 13. 1. 9 billion yuan, the total revenue of the 27. 26%. Surprise, although the environmental protection industry and other business revenue accounts for less than, but growth in 2019 is larger, especially other business increased by 50 from a year earlier. 69%.

points products, solar power network, it is worth mentioning xing rong environment in water supply and drainage pipe network engineering, waste leachate treatment revenue growth is faster, and other goods and services, and other businesses will stimulate growth in the future.

points regional terms, China solar energy network, because xing rong environment in chengdu, in southwest local and surrounding the business is relatively concentrated, also more stable.