New Stock News | BGE Announces IPO in Hong Kong

According to the Zhitong Finance APP, on October 28, BGE (603588.SH) announced that in order to deepen the company's international strategic layout, further enhance its comprehensive competitiveness, improve its international brand image, and better utilize international capital markets to diversify financing channels, it is planning to issue overseas listed shares (H shares) and apply for listing on the main board of the Hong Kong Stock Exchange. As of now, the company is discussing relevant work for this H share issuance and listing with related intermediary institutions, and the details of this H share issuance and listing have not yet been determined. This H share issuance and listing will not lead to changes in the company's controlling shareholder and actual controller. According to relevant regulations, once the specific plan is determined, this H share issuance and listing still needs to be submitted for review by the company's board of directors and shareholders' meeting, and must obtain the filing, approval, or authorization from relevant government agencies and regulatory bodies such as the China Securities Regulatory Commission, the Hong Kong Stock Exchange, and the Hong Kong Securities and Futures Commission. There is significant uncertainty regarding whether this H share issuance and listing can pass the review, filing, and approval processes and be ultimately implemented. According to information, BGE is one of the earliest national high-tech enterprises in China specializing in solid waste pollution prevention technology research, achievement transformation, and providing systematic solutions. The company is vigorously developing solid waste and hazardous waste resource utilization business, deeply expanding environmental operation services such as municipal solid waste treatment, while also coordinating development in other fields such as environmental engineering. The company's main business is divided into three major sectors: solid waste and hazardous waste resource utilization, environmental operation services, and environmental engineering. Recently, BGE released its third-quarter report for 2025, stating that the company's operating income for the first three quarters was 10.16 billion yuan, a year-on-year decrease of 11.28%. The net profit attributable to shareholders of the listed company was 646 million yuan, a year-on-year increase of 15.18%. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 600 million yuan, a year-on-year increase of 29.03%. The basic earnings per share were 0.424 yuan