Understanding the Market | Dynagreen Environmental's stock rose nearly 7% after earnings, with net profit in the first three quarters increasing by over 24% year-on-year; institutions say there is still potential for dividend growth
Dynagreen Environmental Protection rose nearly 7% after earnings, and as of the time of writing, it is up 5.15%, trading at HKD 5.51, with a transaction volume of HKD 34.6638 million. In terms of news, Dynagreen Environmental Protection announced its third-quarter report, achieving operating revenue of RMB 2.582 billion according to Chinese accounting standards, an increase of 1.5% year-on-year. The net profit attributable to shareholders was RMB 626 million, a year-on-year increase of 24.4%. In the third quarter alone, operating revenue was RMB 898 million, a year-on-year increase of 1.6%; the net profit attributable to shareholders was RMB 249 million, a year-on-year increase of 24.2%. Dongxing Securities released a research report stating that Dynagreen Environmental Protection is a model for the solid waste sector's dividend increase + ROE improvement logic realization. Currently, the A-share dividend yield is 4.1%, and the Hong Kong stock dividend yield is 6.3%. With the acceleration of national subsidies recovery and a decrease in capital expenditure, free cash flow is increasing, and there is still potential for dividend growth. The company is actively expanding heating and cost control, with both performance and ROE rising, and has launched equity incentives to ensure sustained growth
According to Zhitong Finance APP, Dynagreen (01330) rose nearly 7% after its earnings report, and as of the time of writing, it is up 5.15%, trading at HKD 5.51, with a transaction volume of HKD 34.6638 million.
In terms of news, Dynagreen announced its report for the first three quarters, achieving an operating income of RMB 2.582 billion according to Chinese accounting standards, an increase of 1.5% year-on-year. The net profit attributable to shareholders was RMB 626 million, a year-on-year increase of 24.4%. In the third quarter alone, the operating income was RMB 898 million, a year-on-year increase of 1.6%; the net profit attributable to shareholders was RMB 249 million, a year-on-year increase of 24.2%.
Dongxing Securities released a research report stating that Dynagreen is a model for the solid waste sector's dividend increase + ROE improvement logic realization. Currently, the A-share dividend yield is 4.1%, and the Hong Kong stock dividend yield is 6.3%. With the acceleration of national subsidies recovery and a decrease in capital expenditure, free cash flow is increasing, and there is still potential for dividend enhancement. The company is actively expanding heating and cost control, with both performance and ROE rising, and has launched equity incentives to ensure sustained growth
