Zheneng Jinjiang Environment Holding Company posted a 28.4% year-on-year (YoY) increase in net profit attributable to shareholders to RMB426.2 million for the six months ended Jun 30 (1H2026), buoyed by higher output from its waste-to-energy (WTE) plants and a rebound in build-operate-transfer (BOT) construction activity.
Basic and diluted earnings per share rose 29.0 per cent to 29.72 RMB cents. The company did not declare an interim dividend.
Group revenue climbed 11.7 per cent YoY to RMB2.04 billion. Core WTE operations contributed RMB1.90 billion, up 6.2 per cent, helped by plant upgrades, improved operating efficiency and higher sales of slag by-products. Revenue from WTE BOT construction surged more than fivefold to RMB122.5 million, reflecting a pick-up in project work that was absent a year earlier. Services such as project management, equipment sales and energy-management contracting added RMB9.5 million.
Gross profit increased 9.2 per cent to RMB763.4 million, though the margin eased to 37.5 per cent from 38.4 per cent as the BOT construction segment generated lower profitability. Finance costs fell by RMB33.8 million to RMB160.8 million on the back of lower loan-prime rates and proactive refinancing, lifting profit before tax by 26.4 per cent to RMB552.5 million.
Management cited several growth drivers: technical and management upgrades across existing plants, capacity additions from expansion and grate-furnace projects, and continued growth in the company’s by-products and steam-supply businesses. Conversely, heightened industry competition and the lower-margin nature of BOT construction weighed on overall margins.
During the half, the group obtained RMB242.75 million in government grants earmarked for equipment upgrades, ultra-low flue-gas emission retrofits and fly-ash utilisation. It also commissioned an expansion at the Wuhan Jinjiang WTE facility, lifting its processing capacity to 4,000 tonnes per day and installed power capacity to 145 MW. With 11 projects under construction and 10 in planning, Zheneng Jinjiang expects total waste-treatment capacity to reach 56,855 tonnes per day and 1,201 MW when completed. Seventeen operational facilities already supply heat or steam, with one additional heating project under construction and five more planned.
Executive chairman Wei Dongliang said the company’s interim performance benefited from China’s push for a low-carbon, circular economy and from the firm’s ongoing technology retrofits and management improvements. He indicated that, in the second half, the group will emphasise timely completion and commissioning of new projects, further efficiency gains and expansion of its heating and steam supply services to sustain growth amid intensifying competition and a complex external environment.