China Everbright Environment Group (257) investor relations material

Executive summary

• Revenue for the first half of 2025 was HK$14.3 billion, down 8% year-over-year, with EBITDA at HK$6.05 billion, and profit attributable to equity holders down 10% to HK$2.21 billion; basic EPS was HK35.92 cents, down 10%.

• Interim dividend per share increased to HK15.0 cents, with a payout ratio of 42%.

• Total assets reached HK$192.2 billion, cash and bank balances rose 10% to HK$8.84 billion, and net asset value per share increased 7% to HK$8.41.

• Strategic focus included technology-driven growth, international expansion, and ecosystem development, with new projects and asset-light contracts secured domestically and overseas.

• Operation services revenue rose 5%, while construction services revenue fell 49%, shifting the revenue mix toward recurring operations.

Financial highlights

• EBITDA declined 8% year-over-year to HK$6.05 billion.

• Gross profit margin improved to 44% from 39% year-over-year.

• Net asset value per share rose 7% to HK$8.41; gearing ratio improved to 63%.

• Cash and bank balances increased 10% to HK$8.84 billion.

• Dividend payout ratio rose by 7 percentage points to 42%.

Outlook and guidance

• Focus on executing the 15th Five-Year Plan, expanding overseas, pursuing M&A, and strengthening risk management.

• Emphasis on cost control, efficiency, and technological innovation to drive new growth.

• Plans to expand overseas presence, especially in Belt and Road countries, and set up new representative offices.

• Emphasis on digitalisation, intelligent transformation, and green technology innovation.