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BGT Headlines | Rise in Both Revenue and Net Profit, Cumulative Dividends Up to RMB 225M!

2024-09-03 13:30:16

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On August 21, BGT's 2024 Interim Results Exchange Meeting was successfully held in Beijing. Quan Qiuhong, Chairwoman of BGT, Quan Siying, Secretary of the Board of Directors, Zhang Lei, Chief Financial Officer, Wang Mingge, Deputy General Manager, as well as institutional investors from 31 institutions including Taizheng Capital Management Co., Ltd., Dongxing Securities Co., Ltd., and Jinku Qikai (Hangzhou) Private Equity Fund Management Co., Ltd. attended the event.


BGT Headlines | Rise in Both Revenue and Net Profit, Cumulative Dividends Up to RMB 225M!


Quan Siying, Secretary of the Board of Directors, delivered a welcome speech on behalf of BGT. Wang Mingge, Deputy General Manager, introduced BGT's basic overview, core competitiveness, future development prospects, and operating conditions in the first half of 2024. As a leading domestic comprehensive water resources utilization service provider, BGT has always adhered to the development vision of "harmonious coexistence among humanity, industry and nature", focused on its main business, and continuously promoted technological innovation and industrial upgrading. From 2019 to 2023, the Company's asset scale has been growing, the asset-liability ratio has remained at a low level, and the cash flow from operating activities has remained positive. With the gradual implementation of the Company's new five-year strategy, in the first half of 2024, the Company achieved an operating revenue of RMB 530 million, a year-on-year increase of 12.76%; the net profit attributable to shareholders of the parent company was RMB 135 million, a year-on-year increase of 22.54%; and the non-net profit after deducting non-recurring gains and losses was RMB 128 million, a year-on-year increase of 22.09%. Among them, the water treatment solutions business achieved a revenue of RMB 344 million, a year-on-year decrease of 7.63%; the operation and maintenance business achieved a revenue of RMB 175 million, a year-on-year increase of 89.78%. Up to now, the newly added orders for water treatment solutions this year have accumulated to about RMB 482 million, equivalent to 73.81% of last


At the same time, BGT attaches great importance to the stability and continuity of cash dividends, and is committed to rewarding investors who care about and support BGT. It is proposed to distribute a cash dividend of RMB 1 per 10 shares (including tax) in the interim period. Upon the completion of this distribution, the Company will have accumulated dividends of RMB 225 million in the three years since its listing, which is 1.2 times the total amount of funds raised.


In the future, BGT will continue to actively reward investors with concrete actions and strive to be a powerful and responsible listed company!


BGT Headlines | Rise in Both Revenue and Net Profit, Cumulative Dividends Up to RMB 225M!

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