2023-04-28-港交所-天洁环境_二零二二年年报_158页_3mb

Zhejiang Tengy Environmental Technology Co., Ltd. Annual Report Summary 2022

Overview

This annual report covers the performance and financial status of the Group for the year ended December 31, 2022. Zhejiang Tengy Environmental Technology Co., Ltd., a company listed in Hong Kong, focuses on environmental pollution prevention and its related products and services. Despite revenue challenges, the Group maintained and improved profitability through effective cost management and strategic initiatives.

Management Discussion and Analysis

• Revenue and Profit: Total revenue increased by 38.1% to RMB472 million, but this was lower than the RMB763 million from 2021, mainly due to fewer large projects completed. However, profit before tax rose by 194.6% to RMB75.8 million, aided by disposals and a one-off gain.
• Financial Performance: Gross profit margin slightly decreased to 14.3%, while expenses were controlled effectively. The Board mentioned focusing on environmental policies and green transition.
• Market Challenges: The Group faced pressure from cost control, but secured shareholders are committed to expansion.

Financial Highlights

• Revenue: Down 38.1% to RMB472 million.
• Profit Before Tax: Increased 194.6% to RMB75.8 million.
• Marginal Changes: Production efficiency remained strong, supporting sustainable growth.

Key Figures

• Key Personnel: Chairpersons Mr. Zhu Xian Bo and independent directors ensured governance.
• Market Growth: Significant for environmental protection, sales driven by China’s green policies.
• Financial Health: Stable assets and liabilities, improving operational flexibility.

Summary

The Group demonstrated resilience, focusing on environmental emission reduction and alignment with national policies. Future strategies include market expansion and project development.