SHREG's subsidiary won the bid for the resource utilization management service project for the harmless treatment of kitchen waste and feces in Xingtai City
SHREG's wholly-owned subsidiary, SHREG Shifang Environmental Energy Group Co., Ltd., has won the bid for the harmless treatment project of kitchen waste and feces in Xingtai City, with the bidder being Xingtai Guorun Environmental Technology Co., Ltd. The project revenue sharing ratio is 43.6%. This project will help the company expand its light asset service business, enhance market competitiveness, and increase industry influence
According to the Zhitong Finance APP, SHREG (000803.SZ) announced that its wholly-owned subsidiary, SHREG Shifang Environmental Energy Group Co., Ltd. (referred to as "SHREG Shifang"), has received the bid results for the harmless treatment project of kitchen waste and feces in Xingtai City. The project is managed by Xingtai Guorun Environmental Technology Co., Ltd. Revenue sharing: Company revenue = (cash income from kitchen waste disposal fees + cash income from urban feces disposal fees + cash income from resource products (including crude oil, animal protein, carbon sources, etc.) - project operating costs) * 43.6%.
The entrusted operation of the kitchen waste treatment service project won by the company is beneficial for the company's expansion in light asset service business, helps to form better synergy with the company's subsidiary Shijiazhuang project company, aids in accumulating project experience, enhances operating performance, strengthens core business advantages, and increases market competitiveness and industry influence
