PDF《Annual Report》

s overall operation and financial performance. At present, the household waste incineration power generation treatment capacity under the Group'

s operation and expansion reached 10,225 tonnes/day, while the hazardous and medical waste treatment capacity was 35,000 tonnes/year. During 2018, the household waste treatment volume of the Group achieved 3,470,000 tonnes, and on-grid electricity was

888 million kWh, generating a net profit of HK$265 million to shareholders. When excluding non- recurring income, the annual growth rate reached 78%. During 2018, the Group continued to invest approximately HK$500 million in the technological improvement and expansion works for its projects to encounter the new environmental and emission standards, and at the same time improved its treatment capacity and operation effectiveness to cope with the increase in demand for waste treatment, demonstrating the role as a benchmark enterprise. Going forward, the Group will fully leverage its advantages in branding, resources and technologies, deepen efficiency management and control, and keep on seeking potential investment opportunities to strengthen the overall competitiveness and market position of the Group in the solid waste treatment industry. For the environmental protection business sector, the Group will actively tap new profit growth points to enhance its value. On behalf of the Board, I would like to express my gratitude to all employees, shareholders and parties from different sectors for their support to the Group. E Meng Chairman Hong Kong

28 March

2019 6 MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS REVIEW The Group is engaged in the environmental protection business with the solid waste treatment as its core business. Currently, the Group is investing and operating nine solid waste treatment projects, including eight household waste incineration power generation projects with total waste treatment capacity of 9,225 tonnes/ day, and one hazardous and medical waste treatment project with waste treatment capacity of 35,000 tonnes/ year. Project Name Region Business Model Waste treatment capacity Household waste incineration power generation projects: ? Haidian Project (北京市海淀区循环经济产业园再生能源发........