Grandblue Environment announces interim dividend, strong H1 performance driven by acquisition

Grandblue Environment’s board approved a 2025 interim profit distribution plan, proposing a cash dividend of 0.25 yuan (tax included) per share. This distribution will be based on the total share capital recorded on the equity distribution registration date. The total proposed cash dividend is 203,836,786.50 yuan, representing 21.08% of the company's unaudited H1 2025 net profit attributable to shareholders of 966,864,123.87 yuan. This plan is subject to approval by the general meeting of shareholders.

The company achieved a 2.83% increase in net assets attributable to shareholders, reaching 13.78bn yuan. Total assets surged by 61.40% to 63.43bn yuan, primarily due to the consolidation of Canvest Environmental Protection. Revenue for the first half of 2025 was 5.76bn yuan, a slight decrease of 1.05% year-on-year, while net profit attributable to shareholders increased by 8.99% to 966.86m yuan. Operating cash flow rose by 29.77% to 1.22bn yuan.

A significant highlight of H1 2025 was the acquisition of Canvest Environmental Protection, consolidating its financial results from June 1, 2025. This integration boosted Grandblue Environment’s waste incineration capacity to 97,590 tonnes/day, solidifying its position among the top three A-share listed companies in the domestic waste treatment sector. The company's 2025 interim performance briefing is scheduled for September 25, 2025.