22 Jul 2021
Everbright Environment Shortlisted in Fortune China 500 For the First Time
22 July May 2021, Hong Kong – As the 2021 Fortune China 500 list was announced recently, China Everbright Environment Group Limited ("Everbright Environment" or the "Company", stock code 257.HK) is shortlisted in the list for the first time, ranking the 283th place. This marks the latest honor granted to the Company, following its ranking the first place in the list of Top 50 Environmental Enterprises in China.
2021 Fortune China 500 was jointly composed by FORTUNE China magazine and the wealth management segment of China International Capital Corporation Limited. The list reviewed business performance and achievements of large Chinese listed companies across the globe, by referring to data from the companies' latest annual reports, which have been disclosed in the respective stock exchanges. Revenue figures of these companies for 2020 were converted into Renminbi values for further assessment and ranking. The revenue of all companies on the list totaled RMB53 trillion, accounting for more than half of China's GDP in 2020, with the total net profit reaching RMB4.3 trillion. Among 35 categories under the list, Everbright Environment was grouped in the category of gas, electricity, clean energy, and water supply and sales. With a revenue exceeding RMB38 billion and a net profit exceeding RMB5.3 billion, the Company ranked the highest among all environmental enterprises on the list.
Looking back the exceptional year of 2020, the global economy and market were seriously attacked by the COVID-19 pandemic, resulting in complicated and changing internal and external environment. The environmental protection industry was also undergoing significant transformation. Faced with serious challenges from the outside and development needs from the inside, Everbright Environment emphasised on "Value Creation", focused on the areas of environment, energy and resources, and steadily implemented its "Three Five Eight Seven" development strategy. As a result, the Company won battles for the pandemic prevention and control, business growth and enhancement of its industry position. In addition, Everbright Environment's official change of company name has helped further cement its original aspiration and mission to the ecological environment. The Company reaped the fruits of its efforts, increased its overall strength and competitiveness, and solidified its industry-leading position. As at the end of 2020, Everbright Environment had a business presence in 23 provinces, municipalities and autonomous regions, in addition to overseas markets in Germany, Poland and Vietnam. It had secured more than 450 environmental protection projects of different types, with total assets exceeding RMB13 billion.
Mr. Wang Tianyi, Chairman of the board of Everbright Environment, said: "Everbright Environment's being shortlisted in Fortune China 500 shows the recognition to the Company from the market and business circle. The honor results from the long-term support from China Everbright Group Ltd. and the board of the Company, as well as the concerted efforts made by the management team and all staff, adding incentive for the Company to make joint efforts in response to future challenges."
Mr. Wang Tianyi emphasised: "Since the beginning of this year, Everbright Environment has been keeping a good pace and momentum for high-quality development, holding fast to its strategies, and steadily carrying out all businesses and work. In the future, the Company will closely follow China's 14th Five-year Plan, the country's ‘achieving carbon emission peak and carbon neutrality' goal and other visions, continue to adhere to its corporate pursuit of ‘Creating Better Investment Value and Undertaking More Social Responsibility', and actively study and deploy opportunities relating to reduction of pollution and carbon emission. It will continue to balance the asset-heavy and asset-light businesses, carry out synergistic deployment for municipal and consumer markets, enhance its soft power in technology, innovation and planning, continuously improve the intelligence and informationisation proficiencies, and concurrently explore domestic and overseas businesses. Everbright Environment will accelerate its strategic transformation towards high-quality development, and strive to continue moving towards the goal of becoming a ‘world-leading ecological and environmental group'."