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Straits Environmental Protection: Net profit of 67.51M yuan in the first quarter of 2026, a year-on-year increase of 49.20%
Strait Environmental Protection Announcement, the operating revenue in the first quarter of 2026 was 293 million yuan, a year-on-year increase of 5.11%.
Net profit was 67.51M yuan, a year-on-year increase of 49.20%.
The main reasons are that some subsidiaries completed renovation, expansion, or upgrading projects in 2025, and the unit price of processing fees after commercial transfer increased; the sewage treatment settlement volume in this period increased compared to the same period last year, and profitability grew compared to the same period last year.
After the maturity and redemption of convertible bonds in April 2025, financial expenses decreased year-on-year; at the same time, the receivables collected in this period increased compared to the same period last year, and bad debt losses decreased year-on-year, resulting in a comprehensive impact.