Zheneng Jinjiang Environment Holding Company Limited reported a net profit of RMB736.9 million for the year ended 31 December 2025, up 18.6 percent year-on-year, driven mainly by higher supply per tonne at existing facilities, lower operating costs and stronger revenue from circular-economy by-products.

Basic and diluted earnings per share rose 18.3 percent to 50.37 RMB cents. The board is proposing a final dividend of 3.70 Singapore cents per ordinary share, 60.9 percent higher than the 2.30 Singapore cents declared a year earlier and equivalent to a 40 percent payout ratio, subject to shareholder approval at the forthcoming annual general meeting.

Total revenue edged up 1.4 percent to RMB3.78 billion. The core waste-to-energy (WTE) business contributed RMB3.64 billion, a 0.2 percent YoY increase, supported by newly commissioned and upgraded plants, improved steam supply and additional sales of circular-economy products. Revenue from build-operate-transfer (BOT) construction and related financial income surged 57.0 percent to RMB137.6 million, while project technical and management services, equipment sales and energy-management contracting brought in RMB9.6 million.

Group gross profit expanded 4.7 percent to RMB1.40 billion, lifting gross margin by 1.1 percentage points to 36.9 percent. Finance costs fell by RMB90.9 million to RMB348.4 million following lower domestic interest rates and proactive loan refinancing, supporting a 12.6 percent rise in profit before tax to RMB933.7 million.

Looking ahead, management plans to prioritise operational optimisation, timely commissioning of new projects and targeted technological upgrades funded partly by ultra-long-term government bonds. The company intends to enlarge its steam-supply network—already integrated into 16 WTE sites—and move forward with three projects under construction and six in planning. At end-December the group operated 41 facilities with a combined waste-treatment capacity of 46,305 tonnes per day and had five projects under construction plus 16 in the pipeline that will lift capacity to 57,455 tonnes daily once completed.

Executive chairman Wei Dongliang noted that FY2025 performance was resilient amid a dynamic macroeconomic environment. He said the focus will remain on enhancing resource utilisation, raising efficiency at existing assets and ensuring quality execution of new facilities to support China’s green and low-carbon transition.