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As of 4:18 AM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

c&g environmental protection (CNGI) Snapshot

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c&g environmental protection (CNGI) Details

C&G Environmental Protection Holdings Limited, an investment holding company, invests in, constructs, operates, and maintains waste-to-energy (WTE) power plants in the People’s Republic of China and internationally. It constructs, operates, and maintains waste incineration power plants for the treatment of municipal solid waste under the build-operate-transfer investments schemes. The company’s WTE plants generate electricity by harnessing thermal power from the incineration of waste. It operates five WTE plants in Jinjiang, Hui'an, Anxi, Fuqing, and Jianyang, Fujian; and one plant in Huangshi, Hubei, as well as a sludge treatment plant in Jinjiang. The company was formerly known as C & G Industrial Holdings Limited and changed its name to C&G Environmental Protection Holdings Limited in May 2010. The company was incorporated in 2004 and is headquartered in Kowloon, Hong Kong. C&G Environmental Protection Holdings Limited is a subsidiary of C&G Holdings (Hong Kong) Limited.

600 Employees
Last Reported Date: 04/4/14
Founded in 2004

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c&g environmental protection (CNGI) Key Developments

C&G Green Energy (Shenzhen) Company Limited Secures its First Equipment Sales Contract

The Board of Director of C&G Environmental Protection Holdings Limited announced that the group's subsidiary, C&G Green Energy (Shenzhen) Company Limited has recently signed its first Sales contract of the Deep Dewatering Double-membrane Filter Press for Sludge with a contract sum of RMB 1,000,000.

C&G Environmental Protection Holdings Limited Announces Incorporation of a Subsidiary in Shenzhen, PRC

The Board of Directors of C&G Environmental Protection Holdings Limited announced that the group has incorporated a wholly-owned subsidiary in Shenzhen, the People's Republic of China known as C&G Green Energy (Shenzhen) Company Limited. The principal activity of the subsidiary is to provide technical advisory and services and conduct research and development on waste water, clean water, sludge and air pollution treatments.

C&G Environmental Protection Holdings Limited Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

C&G Environmental Protection Holdings Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenue of HKD 136,288,000 against HKD 117,351,000 for the same period in the last year. Profit from operations was HKD 60,091,000 against HKD 36,462,000 for the same period in the last year. Profit before tax was HKD 22,103,000 against HKD 7,102,000 for the same period in the last year. Profit attributable to the owners of the company was HKD 12,955,000 against HKD 3,801,000 for the same period in the last year. Net cash generated from operating activities was HKD 35,864,000 against HKD 68,272,000 for the same period in the last year. Purchase of fixed assets was HKD 273,000 against HKD 853,000 for the same period in the last year. Basic earnings per share were 1.33 cents against 0.39 cents for the same period in the last year. The net profit for the quarter was mainly because of increasing revenue from operation services contributed by upward adjustment of waste handling fee of Jinjiang and Huian plants and improvement of operational efficiency in both waste processing and electricity generation of the plants to achieve better utilisation and higher EBITDA. The Group recorded a net cash inflow in operating activities for the period mainly because of decrease of prepaid expenses paid on behalf of contractors.


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