Capital Environment Holdings Limited reported resilient interim results for the six months ended 30 June 2026.

• Revenue slipped 0.89 % year-on-year to RMB 1.86 billion, but gross profit rose 4.3 % to RMB 736.55 million as the gross margin expanded to 39.62 % (1H25: 37.64 %).

• Net profit attributable to shareholders increased 12.18 % to RMB 211.11 million, supported by lower finance costs (-12.22 % to RMB 172.69 million) and ongoing cost-efficiency initiatives. Basic earnings per share improved to RMB 0.0148.

• Total assets reached RMB 21.45 billion, up 1.15 % from end-2025. The gearing ratio edged down to 65.02 % (end-2025: 65.64 %), while cash and equivalents declined to RMB 437.09 million after interest payments and capex outlays.

• Outstanding borrowings stood at RMB 9.01 billion, slightly above end-2025 levels, with 25 % at fixed rates. Undrawn bank facilities totalled RMB 1.75 billion.

• The company operated or trial-operated 57 projects—including 27 waste-to-energy plants—processing 5.64 million tonnes of municipal waste and exporting 1.48 billion kWh to the grid during the period. Waste-to-energy, environmental sanitation and organic waste services contributed 85.21 % of group turnover.

• No interim dividend was declared.

Management targets further market expansion, efficiency gains and deleveraging in the second half of 2026, with emphasis on M&A of high-quality waste-to-energy assets, derivative environmental services and digitalised operations.