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Hongcheng Environment Unit's Consortium Bags 360 Million Yuan Water Treatment Plant Project
Jiangxi Hongcheng Environment (600461.SH): Wholly-owned subsidiary awarded the concession rights transfer project for the integrated water environment comprehensive governance plant network phase one project in the main urban area of Lepin City.
On December 17, Gelonghui reported that Jiangxi Hongcheng Environment (600461.SH) announced that its wholly-owned subsidiary, Jiangxi Hongcheng Water Industry Eco-friendly Concept Co., Ltd. (Other consortium members: Jiangxi Hongcheng Environmental Construction Engineering Co., Ltd., Nam Cheong City Planning and Design Research Institute Group Co., Ltd., Jiangxi Province Survey and Design Research Institute Co., Ltd.), has won the bid through the bidding process for the project of granting the operation rights of the integrated water environment comprehensive治理 in the main urban area of Lepin City (Project number: JXTC2024030276C1). The total investment for the project's bidding is 359.5503 million yuan, and the project is a concession.
Express News | Jiangxi Hongcheng Environment: Awarded a project worth 0.36 billion yuan.
Jiangxi hongcheng environment (600461.SH): The fundraising project has been completed and the remaining raised funds will be permanently supplemented into working capital.
On December 9, Glory Holdings announced that jiangxi hongcheng environment (600461.SH) completed the fundraising project, which includes the Phase II expansion project of the Niu Hang Water Plant, the construction and renovation project of the water supply pipeline network for the Jiulong Lake group in nam cheong, the construction and renovation project of the water supply pipeline network for the Yaohu New District in nam cheong, and the Phase II project of the sewerage treatment plant in nam cheong County. The above projects have reached the predetermined usable status and met the completion criteria. As of December 8, 2024, the total surplus fundraising amount for this completion project is approximately 19.4917 million yuan (including interest and financial management income after deducting handling fees). The company plans to permanently supplement the surplus fundraising amount into working capital.
haitong sec: The eco-friendly concept industry receivables in 24Q3 are still a core issue, looking forward to the debt-to-equity policy driving valuation repair.
Based on the current revenue growth rate, the accounts receivable issues in the eco-friendly concept industry are expected to worsen in the first three quarters of 2024, and the accounts receivable related to municipal utilities are substantial, so attention should be paid to the implementation of debt reduction policies that may provide room for valuation recovery in the eco-friendly concept industry.
Jiangxi Hongcheng Environmental Co., Ltd. Report for the Third Quarter of 2024
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