DYNAGREEN ENV (01330) surged over 7%, rising 7.56% to HK$4.84 at the time of writing, with a turnover of HK$15.83 million.

On the news front, DYNAGREEN ENV recently released its 2025 interim results. Analysis shows that in H1 2025, the company achieved operating revenue of RMB1.684 billion (up 1.41% YoY), with net profit attributable to shareholders reaching RMB377 million (up 24.49% YoY), and weighted ROE of 4.56% (up 0.77 percentage points).

The company's revenue growth was achieved despite the decline in construction business (H1 2024 construction revenue was RMB23 million, while H1 2025 had no construction income), primarily driven by increased waste volume from sludge expansion, higher steam supply, and revenue growth from leachate biogas purification sales. On a comparable basis, H1 2025 operating revenue increased by RMB46 million YoY, representing a 2.83% growth.

Currently, the company's Hong Kong stock dividend yield (ttm) stands at 6.87%, while A-share dividend yield (ttm) is 4.29%. H1 2025 free cash flow continued to strengthen, indicating room for dividend improvement.

Market analysis suggests the company is actively expanding non-electricity businesses such as heating supply to effectively mitigate the impact of declining government subsidies. In the first half of 2025, the company's steam supply business achieved rapid growth, with cumulative steam supply reaching 513,800 tons, a substantial 114.98% YoY increase, becoming the core engine of performance growth.

Several projects achieved breakthroughs in heating business, with Jizhou and Zhaoqing companies realizing external steam supply, Changzhou company showing significant growth in mobile heating, and Rushan project essentially converting to full gas supply. The heating business, characterized by high margins and excellent cash flow, has brought significant profit increments to the company.