---
title: "BAGUIO GREEN: Service territory expands to the ocean, expected to bring good returns in the long run"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281330523.md"
description: "BAGUIO GREEN's CEO Eric Wu stated that the company is actively responding to competition by leveraging innovative technology to enhance its competitiveness, and will develop towards smart products in the future. The company has won a 150 million yuan offshore waste cleanup contract, expanding its service footprint to the ocean, and is expected to achieve good returns. CFO Chen Chuhui pointed out that the group's cash flow is ideal, and there are no plans to change the 30% dividend payout ratio, while focusing on acquisition opportunities and business expansion. The next generation of solar waste compression boxes will be launched in 2026, and smart recycling products have been deployed in various locations, with the group continuing to expand its smart recycling network"
datetime: "2026-04-01T08:12:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281330523.md)
  - [en](https://longbridge.com/en/news/281330523.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281330523.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/281330523.md) | [繁體中文](https://longbridge.com/zh-HK/news/281330523.md)


# BAGUIO GREEN: Service territory expands to the ocean, expected to bring good returns in the long run

BAGUIO GREEN (01397.HK) CEO and Executive Director Wu Yuqun stated that due to the maturity of the clean industry, the company has actively deployed strategies in recent years to cope with intense competition, utilizing innovative technology and intelligence to enhance competitiveness in order to secure higher profit contracts, and will further develop in the direction of smart products in the future.

BAGUIO GREEN's Strategy and Investment Director Zhou Yutong mentioned at the earnings press conference that last year the company won a contract worth HKD 150 million for "Marine Garbage Cleaning and Treatment Services in Eastern Hong Kong Waters," expanding its service territory from land to sea, which is of strategic significance for the group. It is expected that the related investments will yield good long-term returns, and the company has the advantage of being a latecomer with the potential to acquire a new fleet.

By the end of last year, the company's available cash and bank balances increased by 91% year-on-year. BAGUIO GREEN's CFO Chen Chuhui indicated that the group's cash flow situation is ideal, with over HKD 200 million in cash. Currently, there are no plans to change the 30% dividend policy, and the company will also look for acquisition opportunities and business expansion, such as increasing the fleet.

In addition, the group stated that it continues to promote the application of smart city and green technology. The new generation of solar waste compaction bins will be gradually launched in the market by 2026, equipped with a big data platform and wireless technology to achieve real-time monitoring and remote management. Smart recycling products have been deployed across government sites, schools, private estates, and large venues, and the group will continue to expand its smart recycling network to enhance operational efficiency and recycling volume

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