Beijing Enterprises Environment Group Limited (BE ENVIRONMENT) reported steady top-line expansion and stronger profitability for the six months ended 30 June 2026, underpinned by higher waste-treatment volumes and disciplined cost control.
Revenue rose 4.23 % year on year to RMB 752.96 million, driven by a 10.14 % increase in solid-waste treatment, electricity and steam sales to RMB 751.05 million, which offset a sharp fall in construction-related revenue to RMB 1.91 million. Group gross profit climbed 14.61 % to RMB 342.58 million, lifting the gross margin to 45.5 % from 41.4 %.
Earnings before interest, tax, depreciation and amortisation (EBITDA) improved 10.87 % to RMB 385.70 million, while profit attributable to shareholders advanced 22.90 % to RMB 156.26 million. Net profit margin increased to 21.2 % from 19.1 %. Operating cash flow surged 39.18 % to RMB 286.07 million.
Operationally, the company processed 2.39 million tonnes of household waste, up 7.9 %, and generated 933.00 million kWh of electricity, a 5.7 % rise. Daily household waste-incineration capacity stood at 13,400 tonnes across 10 plants, complemented by one hazardous-waste facility. Synergistic businesses performed strongly: sludge treatment volume grew 27.8 % to 401,300 tonnes and external steam supply leapt 39.9 % to 262,100 tonnes, reflecting progress in the “Incineration+” diversification strategy.
Cost discipline was evident as administrative expenses fell 7.55 % to RMB 82.77 million and finance costs declined 6.60 % to RMB 70.00 million. The effective tax rate edged up to 23.2 % from 22.1 %.
Total assets reached RMB 10.10 billion, while total liabilities narrowed to RMB 5.72 billion, reducing the debt-to-asset ratio to 56.6 % (end-2025: 58.8 %). Net gearing eased to 65.5 % from 69.8 %. Cash and equivalents amounted to RMB 1.57 billion against total borrowings of RMB 4.44 billion, including an extended shareholder loan of HKD 2.63 billion (about RMB 2.34 billion) now maturing on 31 December 2027.
The group invested roughly RMB 136 million in plant expansion and technical upgrades and allocated RMB 40 million to R&D, initiating 50 of 59 planned projects and filing 26 patent applications.
Looking ahead, management will align with China’s 15th Five-Year Plan and the “Ten Measures on Solid Waste” to reinforce core operations, pursue technology-driven growth and prioritise risk control amid a challenging macro environment. No interim dividend was declared.