Beiqing Huanneng (000803): Net Profit Increased By 363.66% - 541.99% In The First Half Of The Year

Beiqing Huanneng (000803) released the semi annual performance forecast of 2022 on the evening of July 13. It is estimated that the net profit attributable to shareholders of listed companies will be 65 million yuan – 90 million yuan, with a year-on-year increase of 363.66% - 541.99%. After deducting the non recurring profit and loss, the net profit was 65 million yuan – 90 million yuan, with a year-on-year increase of 388.34% - 576.16%. The basic earnings per share is 0.19 yuan / share – 0.26 yuan / share.

Reasons for performance change: 1. In the first half of the year, the amount of food waste produced, collected, transported, disposed and oil extraction rate of the company were adversely affected. However, due to the increasing demand for renewable energy in the "double carbon" era, the price of waste edible oil of the company's food waste recycling products and the growth of performance scale increased the company's profitability.

2. The company's subsidiary's capacity expansion, upgrading and equipment sales will increase the company's profit in the half year of 2022.

3. The kitchen project companies such as Yinchuan baolvte Biotechnology Co., Ltd., Beijing chenai bioenergy Technology Co., Ltd. and Wuhan Baixin environmental protection energy technology Co., Ltd. acquired by the company in the early stage are included in the scope of consolidated statements, bringing growth to the company's performance scale and profits.