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02265 HC ENV TECH
0.530-0.010-1.85%
Closed
02/03 16:08 CCT
High
0.540
Open
0.540
Turnover
268.20K
Low
0.520
Pre Close
0.540
Volume
510.00K
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The Chief Technical Officer & Executive Director of Hongcheng Environmental Technology Company Limited (HKG:2265), Haiyan Sheng, Just Bought A Few More Shares
Whilst it may not be a huge deal, we thought it was good to see that the Hongcheng Environmental Technology Company Limited (HKG:2265) Chief Technical Officer & Executive Director, Haiyan Sheng, r
Hongcheng Environmental Technology: interim report 2022
Hongcheng Environmental Technology: six months ended June 30, 2022 Interim results announcement
Hongcheng Environmental Technology: annual report 2021
Hongcheng Environmental Technology: annual results announcement for the year ended December 31, 2021
Hongcheng Environmental Technology: notice of Board meeting
Hongcheng Environmental Arm Wins Bid for Assets of Bankrupt Sulfuric Acid Manufacturer
08:16 PM EST, 01/06/2022 (MT Newswires) -- Hongcheng Environmental Technology (HKG:2265) unit Shandong Jinjia Environment secured certain assets of bankrupt sulfuric acid manufacturer Fangtai Cycle M
Hongcheng Environmental Protection Technology (02265.HK) subsidiary plans to acquire assets of Shandong Laizhou Chemical Industrial Park with RMB 86.3 million.
[Caihua Social News] Hongcheng Environmental Protection Technology (02265.HK) announced that on January 6, 2022, the buyer (a wholly owned subsidiary of the company) successfully bid for the target assets through public bidding, including (I) the land use rights of three industrial sites covering a total area of about 533300 square meters in Yinhai Chemical Industrial Park, Laizhou City, Shandong Province, China. (ii) property with a gross floor area of about 89300 square metres (including properties and warehouses); and (iii) other infrastructure and machinery at a cost of about RMB 79.5 million. The total cost associated with the transaction, mainly referring to the relevant tax and administrative costs
Hongcheng Environmental Protection Technology (02265.HK) contributed 86.3 million yuan to buy the land of Shandong Yinhai Chemical Industrial Park.
Hongcheng Environmental Protection Technology (02265.HK) announced that its wholly-owned subsidiary Jinjia Environmental Protection in Shandong Province succeeded in bidding for target assets through public bidding, including land use rights for three industrial sites with a total area of about 533300 square meters in Yinhai Chemical Industrial Park, Laizhou City, Shandong Province, and real estate (including properties and warehouses) with a construction area of about 89300 square meters. And other infrastructure and machinery at a cost of about RMB 79.5 million (the same below). The total costs associated with the transaction, which mainly refer to the related tax and administrative costs, are estimated to be about $6.5 million and $300000 respectively. Therefore, the total contribution of the group
Hongcheng Environmental Protection Technology (02265) affiliated acquisition of land and other assets located in Laizhou Industrial Park, Shandong Province
Phoenix New Media Hong Kong stock | Hongcheng Environmental Protection Technology (02265) announced that on January 6, 2022, Shandong Jinjia Environmental Protection Co., Ltd., a wholly-owned subsidiary of the company, succeeded in bidding for the target assets through open bidding, including the land use rights of three industrial sites covering a total area of about 533300 square meters in Yinhai Chemical Industrial Park, Laizhou City, Shandong Province, China. Property with a gross area of about 89273 square metres (including properties and warehouses); and other infrastructure and machinery at a cost of about RMB 79.5 million.
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Hongcheng Environmental Technology is a gold mine hazardous waste treatment company in Shandong Province, China. It focuses on the treatment of hazardous waste from gold mines and the recovery and extraction of economically valuable resources from it for sale. According to the Frost & Sullivan report, based on revenue in 2020, we are the second and third largest gold mine hazardous waste treatment companies in Shandong Province and China respectively, accounting for about 15% and 10% of the market share, respectively. Based on the amount of hazardous waste treated in gold mines, we also ranked first in Shandong Province and China. The actual treatment capacity was about 1.08 million tons, accounting for about 26% and 18% of the total actual treatment capacity of Shandong Province and China in 2020, respectively.
We have two production facilities strategically based in Laizhou City, Shandong Province, which has the highest gold reserves among county-level cities in the country. The production facility covers a total area of about 228,683 square meters and specializes in treating hazardous gold mine waste collected from upstream customers and recycling it into recycled products for sale to downstream customers.
business model
Upstream customers mainly hire us to provide cyanide residue treatment services. Cyanide tailings are a type of hazardous waste from gold mines generated during the gold smelting process, including cyanide, which is a small number of chemical reagents that can dissolve gold in water. Cyanide is a toxic substance and can be fatal if ingested or inhaled in sufficient quantities. Gold mining companies adopt strict risk management systems to avoid harm or damage caused by the use of cyanide. When gold is removed, gold mining companies collect cyanide from the mining solution for recycling or disposal. Due to technical expertise and cost considerations, gold smelters under gold mining companies will hire hazardous waste treatment companies like ours to collect cyanide tailings from such companies and pay corresponding treatment fees.
In the course of our operations, we are able to break down toxins for hazardous gold mine waste. Furthermore, we are able to extract economically valuable resources from hazardous waste from gold mines, while sulfur concentrates and gold-containing sulphur concentrates are mainly recycled products that can be used to produce sulfur and sulfuric acid, which can be used in different industrial processes. We generally sell recycled products to downstream customers, such as chemical manufacturing companies and chemical trading companies.
CEO： Zeming Liu
Market： Hong Kong motherboard
Listing Date： 11/12/2021
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