Shengyuan Environmental Protection Co Ltd

Shengyuan Environmental Protection Co Ltd maintains a debt-to-equity ratio of 1.06, indicating moderate leverage relative to equity. The company's liquidity position is characterized by a current ratio of 1.31, suggesting it can cover short-term obligations but with limited buffer. Free cash flow is negative at -73.5 million CNY, reflecting ongoing capital expenditures of -449.3 million CNY. Profitability metrics show a return on equity of 6.35% and return on assets of 2.82%, both below the industry median for environmental services. Gross profit of 672.7 million CNY represents 43.2% of revenue, while operating income of 357.2 million CNY accounts for 22.9% of revenue. These margins suggest operational efficiency but may lag behind industry peers. The company's revenue is concentrated in the China market, with no disclosed international operations. Segment-wise, garbage incineration power generation and sewage treatment are the primary revenue drivers, though specific segment contributions are not disclosed. Revenue growth has not been explicitly forecasted, but the company's capital expenditures suggest ongoing investment in infrastructure. Analysts estimate revenue of 1.72 billion CNY for the current fiscal year, compared to actual revenue of 1.56 billion CNY. The risk assessment highlights medium liquidity risk and low dilution risk, though net cash is negative after subtracting total debt. No recent dilutive events have been disclosed, and the company's capital structure remains stable. Recent financial filings show consistent operations in waste treatment and power generation, with no material events disclosed in the latest 10-K or earnings transcripts.