On October 29, Fujian Longking Co., Ltd. announced the third quarter report of 2019. The report shows that the company realized operating income of 7.865 billion yuan, with a year-on-year growth of 39.01%, and net profit after deducting non-recurring gains and losses of 514 million yuan, with a year-on-year growth of 9.93%. Against the background of declining business performance of industrial enterprises, Longking has continuously set a new record of sustained and rapid growth in the environmental protection industry, once again defending its leading position as a global leader in the air protection industry.
According to the report, Longking's new orders for environmental protection reached 11.081 billion yuan, with a year-on-year growth of 8.64%. Among them, orders from the power industry were 3.581 billion yuan, accounting for 32.32%, and orders from the non-power industry were 7.5 billion yuan, accounting for 67.68%. At the end of the period, orders in hand reached 19.561 billion yuan, the number of new contracts continued to increase. Abundant orders ensure Longking's large-scale profits in the next two years.
Accumulated strength stimulates the release of non-electricity industry dividends
As a leading enterprise in the air protection industry, Longking has paid much attention to the traditional coal and electricity market for environmental protection and has made remarkable achievements in flue gas treatment. As the demand in the non-electricity market accelerates further, the Matthew effect of Longking's environmental protection leader is increasingly prominent. According to the comprehensive analysis of the business scale of the existing power, steel, cement, chemical, glass, coking and other industries and the company's market share, Fujian Longking Co., Ltd. is expected to maintain the business scale of the existing flue gas treatment industry. At the same time, the fruits of expansion in other environmental protection fields except air pollution control are gradually released. In 2019, the new contract amount in the new business area market will reach 1.216 billion yuan. The soil remediation business, sludge drying business and VOCs treatment business will continue to expand further. The water treatment business and environmental protection transportation equipment have achieved large-scale profits, and future dividends can be expected.
Technological R&D to a higher level to build strong competitiveness
When the environmental protection industry gradually rises to become the pillar industry in our country, the whole industry will undergo an important change from scale growth to high-quality development, and the market space and technical level will become especially critical. According to the report, in the first three quarters of the year, Fujian Longking Co., Ltd. has won many honors in technical research:
Subsidiary Xikuang Environmental Protection "Integrated Technology and Application of Converter Gas HLG Dry Deep Purification and Dust in Situ Reuse" won the second prize of "2018 Environmental Protection Science and Technology Award";
With remarkable innovation, Longking's "Key Technology Development and Engineering Application of Major Smoke Control Equipment Simulation" is at the international advanced level. It has remarkable application effect and broad prospect in smoke control engineering, and has played a leading role in the innovation of smoke control technology.
High-temperature ultra-clean electric bag composite dust collector has been successfully selected as a key new product of provincial industrialization and informatization.
The optimization control system of LongKing Smart Environmental Protection Island won the Best Application Award of "2019 Industrial Internet Application and Practice".
"Ultra-low Emission Coordinated Control Technology" from Wuhan Longking won the first prize for scientific and technological progress in Hubei province.
New World Environmentally Friendly Ozone Generator Won "Fujian Manufacturing Single Champion Product".
Moreover, Longking successfully acquired Dechang Environmental Protection Waste Power Generation Project in the first half of the year, formally entering the waste incineration power generation industry. Based on this, Longking will vigorously expand environmental protection operation projects by undertaking construction and mergers and acquisitions.
Looking into the future to be an environmental protection comprehensive enterprise
At present, on the basis of consolidating the atmospheric field, and taking into account soil remediation, VOCs treatment and other services, Fujian Longking Co., Ltd. takes solid waste treatment as a breakthrough, water treatment and environmental protection transportation equipment services as important supplements, so as to promote Fujian Longking Co., Ltd. to gradually develop from an industry leader specializing in atmospheric treatment to a national leading environmental comprehensive service provider.
As a strong backing and source of strength for Fujian Longking Co., Ltd., Yango is firmly optimistic about the development of the environmental protection industry, supports Longking's environmental protection with practical actions, promotes "Chinese Green and Intelligent products" to the world, and builds Longking's environmental protection into a world-class ecological environmental protection enterprise.