Dynagreen reports strong Q3 growth, adjusts share incentive program

Dynagreen Environmental Protection Group Co., Ltd. announced a strong third quarter for 2025, with total revenue reaching RMB2,581,821,272.73 and net profit attributable to shareholders increasing by 24.39% year-on-year to RMB626,476,719.98. This growth is primarily attributed to quality improvements, cost reductions, and increased cash flows from operating activities, which rose by 35.12% to RMB1,323,217,522.86. The company also reported robust operational data, including a 2.00% year-on-year increase in accumulated total waste input volume for the first three quarters of 2025, reaching 10.9219 million tons.

The company also addressed a downward adjustment to the conversion price of its Dynagreen Convertible Bonds. The Board decided against a downward adjustment at this time, committing not to propose one for the next twelve months to safeguard shareholder interests. The conversion price was last adjusted to RMB9.15 per share on July 30, 2025, due to a 2024 equity distribution.

In addition, Dynagreen updated its Restricted A Share Incentive Scheme, adjusting the number of incentive participants from 220 to 195 and the total restricted shares from 41,800,000 to 40,350,000. These changes streamline the scheme, align with regulatory provisions, and are deemed to have no material adverse impact on the company's financial or operating results.