WG ENV TECH released its annual performance, with a loss attributable to shareholders of 48.572 million yuan, turning from profit to loss year-on-year
WG ENV TECH released its annual performance for the year ending December 31, 2024, with revenue of 242 million yuan, a year-on-year decrease of 4.7%. The company's loss attributable to shareholders was 48.572 million yuan, compared to a profit of 1.752 million yuan in the same period last year, resulting in a loss per share of 0.036 yuan. The increase in loss was mainly due to the rising impairment risk of related projects
According to the Zhitong Finance APP, WG ENV TECH (01845) announced its annual performance for the year ending December 31, 2024. The group achieved revenue of RMB 242 million, a decrease of 4.7% year-on-year; the loss attributable to the company's owners was RMB 48.572 million, compared to a profit of RMB 1.752 million in the same period last year; the loss per share was RMB 0.036.
Most of the group's revenue comes from providing hazardous waste incineration disposal solutions and services around oil fields, with the remaining revenue coming from providing parallel collaborative disposal services for cement rotary kilns, thermal desorption disposal services for oil sludge, and other services (including technical upgrades and maintenance services).
The increase in losses is mainly attributed to the increased impairment risk of related projects during the year
