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Zhejiang Weiming Environment Protection Co Ltd

Zhejiang Weiming Environment Protection Co., Ltd., together with its subsidiaries, invests, manufactures, constructs, and operates environment protection equipment in China and internationally. It operates through five segments: Solid Waste Treatment, Kitchen Waste and Sewage Treatment, Hazardous Waste Treatment, Smart Sanitation, and Engineering Equipment. The company invests, constructs, and manages waste incineration and power generation projects, including waste incineration boiler, flue and gas cleaning facilities, automation control, sewage leachate treatment, and kitchen waste treatment; and sewage, kitchen waste, and sludge treatment projects, such as black and odorous water, anaerobic sludge digestion in sewage treatment plant, organic and inorganic waste water treatment, river sludge solidification, and resource utilization. It also engages in the construction and operation of fly ash and general industrial solid waste landfill projects; and planning, design, investment, construction, and operation of integrated rural-urban environment protection, kitchen waste collection and treatment, smart waste classification, rural-urban road cleaning, and rural household and urban solid waste collection and treatment. In addition, the company produces multicolumn reciprocating grates; flue gas treatment system comprising SNCR and SCR denitration, lime pulping, spray drying absorbing tower and selection, dry flue gas purification, activated carbon injection equipment, bag dedusting, and fly ash transportation systems; automatic control system, which includes ACCS grate and DCS control, flue gas and water treatment, and supervisory information systems, as well as low-voltage withdrawable switch cabinet, power-supply cabinet, and distribution box. Further, it is involved in trading; scientific research; technology and technical services; non-ferrous metals manufacturing; and real estate services. The company was founded in 1998 and is headquartered in Wenzhou, China.

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Weiming Environment's 2026 interim net profit was 930 million yuan, down 34.76% year-on-year

Weiming Environment released its 2026 interim report, with net profit attributable to the parent company of 930 million yuan, a decrease of 34.76% compared with the same period last year. The company's total operating revenue was 3.069 billion yuan, down 21.39% year-on-year; net cash inflow from operating activities was 1.151 billion yuan, down 13.04% year-on-year. The company's latest asset-liability ratio was 43.62%, gross margin was 46.92%, ROE was 6.32%, and diluted earnings per share was 0.45 yuan.
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Weiming Environment's first-half 2026 net profit was 930 million yuan, down 34.76% year on year

Weiming Environment disclosed its 2026 semi-annual report. In the first half, net profit attributable to the parent company was 930 million yuan, down 34.76% year on year. Total operating revenue for the same period was 3.069 billion yuan, down 21.39% year on year. Non-GAAP net profit was 867 million yuan, down 36.70% year on year. Net cash flow from operating activities was 1.151 billion yuan, down 13.04% year on year. Basic earnings per share during the reporting period were 0.45 yuan, and the weighted average return on equity was 6.08%, down 4.08 percentage points from the same period last year. The company's main business has formed a coordinated development pattern across three major business segments: environmental governance, equipment manufacturing, and new energy materials.
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Nearly 70 Shanghai-Listed Companies Release Positive Signals in Two Days

From July 23 to 24, a number of Shanghai-listed companies released positive news covering share buybacks and stake increases, upbeat earnings reports, improving operations, and interim dividends. In terms of buybacks and stake increases, 10 companies announced new buyback plans over the two days, with a combined proposed buyback cap of 1.89 billion yuan; 5 companies announced new stake increase plans, with a combined proposed increase cap of 351 million yuan. On the earnings front, about 15 Shanghai-listed companies issued positive half-year earnings reports. Among them, Orient Securities reported a 30.46% year-on-year rise in first-half net profit attributable to the parent company, EZVIZ Network grew 35.44%, and SINOMED is expected to surge 263.66%. Another three companies, including Minmetals New Energy, turned losses into profits. At the operational level, Weiming Environment Protection's subsidiary waste treatment projects saw cumulative power generation rise 8.96% year-on-year in the first half. Changhua Group received a designated development notice from a domestic new energy vehicle maker, with an estimated total sales value of about 740 million yuan over the product lifecycle. Pudong Construction saw multiple subsidiaries win major projects, with a total bid value of approximately 1.5 billion yuan. Regarding interim dividends, four Shanghai-listed companies—China Southern Power Grid Energy Storage, Zheshang Securities, China Southern Power Grid Technology, and Jinpan Technology—received interim dividend proposals or released interim dividend distribution plans. Zheshang Securities stated that its interim dividend payout ratio for this year will be no lower than its 2025 interim ratio, while Jinpan Technology's dividend amount will be no less than 30% of net profit attributable to shareholders of the listed company in the first half of 2026.
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Weiming Environmental Protection's Waste-to-Energy Power Generation Up 8.96% Year-on-Year in First Half

Weiming Environmental Protection announced that in the first half of 2026, its subordinate waste treatment projects generated a total of 2.464 billion kilowatt-hours of electricity, up 8.96% year-on-year. In the second quarter, total power generation reached 1.271 billion kilowatt-hours, with on-grid electricity of 1.049 billion kilowatt-hours, an average on-grid tariff of 0.547 yuan per kilowatt-hour, and waste intake of 3.7932 million tonnes. In the first half, cumulative on-grid electricity was 2.039 billion kilowatt-hours, up 9.44% year-on-year, cumulative settled electricity was 1.636 billion kilowatt-hours, and cumulative waste intake was 7.2599 million tonnes, up 5.32% year-on-year.
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