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Wangneng Environment Co Ltd

Wangneng Environment Co., Ltd. provides solid waste solutions in China. It invests in, constructs, and operates facilities for waste incineration power generation, food waste recycling, wastewater treatment, sludge treatment, and rubber recycling. The company was formerly known as Zhejiang Mizuda Printing & Dyeing Group Co., Ltd. and changed its name to Wangneng Environment Co., Ltd. in January 2018. Founded in 1993, it is headquartered in Huzhou, China.

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002034.CS

Wangneng Environment's 2026 interim net profit reaches 413 million yuan

Wangneng Environment released its 2026 interim report. During the reporting period, the company achieved total operating revenue of 1.698 billion yuan, a slight decrease of 0.20% from the same period last year, with net profit attributable to the parent company of 413 million yuan. Net cash inflow from operating activities was 674 million yuan, the asset-liability ratio was 35.49%, the gross margin was 45.10%, and the return on equity was 4.65%, down 0.76 percentage points from the same period last year. Diluted earnings per share were 0.87 yuan, down 3.33% year on year. The company had 18,600 shareholders, and the top ten shareholders held a combined 288 million shares, accounting for 55.76% of the total share capital.
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Energy Transition & Power Demand

Wangneng Environment's Indonesia waste-to-energy project obtains Zhejiang Development and Reform Commission filing

Wangneng Environment Co., Ltd.'s Bekasi waste-to-energy project in Indonesia received the outbound investment project filing notice issued by the Zhejiang Provincial Development and Reform Commission on August 14, 2026, with the filing valid for two years. The project is located in Bekasi City, West Java Province, Indonesia, and plans to build a new municipal solid waste incineration power plant with a daily processing capacity of 1,500 tonnes, with a total investment not exceeding 180 million US dollars. The investors are Wangneng Environment and Wangxin Huantou Hainan Investment Co., Ltd. The company reviewed and approved the project investment proposal at the 17th meeting of the 9th Board of Directors on March 4, 2026. Obtaining the Development and Reform Commission filing marks important progress in the project's outbound investment approval.
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