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Chant Group sees 37.33% revenue growth YOY in environmental industry
Updated: 2021-04-08    Source: Zhongshan Daily Large Medium Small Print

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Chant Group recently released its annual report for 2020, according to which the company's annual revenue exceeded 3 billion yuan, and both the revenue and the net profit attributable to shareholders of listed companies achieved a double-digit growth.

In 2020, Chant Group's sales revenue and net profit both achieved double-digit growth, hitting a record high once again. The company's revenue reached 3.02 billion yuan, a year-on-year increase of 20.98%, while the net profit attributable to shareholders of listed companies was 350 million yuan, up 18.69%.

The environmental protection business made the greatest contribution to its performance growth. In 2020, Chant Group's revenue from the environmental protection industry was 2.05 billion yuan, an increase of 37.33% over the same period in 2019. Environmental protection business accounted for nearly 70% of the company's totla business.

In addition, it made a major strategic adjustment to sell off its gas appliance manufacturing business. According to Chant Group, starting from February 1 this year, the gas appliance manufacturing business was no longer included in its main businesses and its focus was changed to a singular environmental thermal energy business.

In 2020, Chant Group would divide its profits and plans to distribute cash dividends of 2 yuan (tax included) for every 10 shares to all shareholders, up to a total of 148 million yuan.

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