Wonderful Sky Financial Group Assists Beijing Enterprises Urban Resources Group Limited (Stock Code: 3718.HK) with the Successful Listing on HKEx
Beijing Enterprises Urban Resources Group Limited (Stock Code:3718) was successfully listed and commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited (“SEHK”) today.
Beijing Enterprises Urban Resources Group Limited is an integrated waste management solution provider in China, currently focusing on providing environmental hygiene services and hazardous waste treatment services. The markets for both services are highly fragmented in China. They are the fourth largest provider in the enterprise sector of the environmental hygiene services market in China, with a market share of 1.6% of the enterprise sector and 0.6% overall. Also, they are the third largest provider among non-state owned enterprises, accounting for approximately 2.0% of this sub-sector. Besides, in the hazardous waste treatment services market, in terms of total designed treatment capacity for waste disposal of projects in operation (including projects in trial operation), they ranked sixth in China at the end of 2018 with a market share of 0.7%; in terms of total actual treatment volume for waste disposal of centralized hazardous waste treatment facilities in operation in 2018, they ranked ninth in China at the end of 2018 with a market share of 0.6%.
The environmental hygiene services have been expanding rapidly. For the years ended December 31, 2016, 2017 and 2018 and the six months ended June 30, 2019, Beijing Enterprises Urban Resources had one, 71, 106 and 112 revenue-generating environmental hygiene service projects, respectively. Besides, as of June 30, 2019, environmental hygiene service projects that they operated covered 23 provinces, municipalities and autonomous regions. As of June 30, 2019, they had five hazardous waste treatment projects in operation and two hazardous waste treatment projects in trial operation. The treatment facilities of their projects that engaged in waste disposal had a total designed treatment capacity of 253,050 tons per annum, ranking sixth in China. The treatment facilities of the other projects that engaged in recycling and reuse had a total designed treatment capacity of 340,000 tons per annum. In addition, among the 46 major categories of hazardous waste under the National Catalog of Hazardous Waste (國家危險廢物名錄), Beijing Enterprises Urban Resources is able to treat 38 of them.
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