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Zhongde Waste Technology AG (ZEFG.DE)

ZEFG.DE on Xetra

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18 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Zhongde Waste Technology says FY financial statements to be delayed
Wednesday, 19 Apr 2017 05:32am EDT 

April 19 (Reuters) - Zhongde Waste Technology AG ::Completion and audit of consolidated financial statements of Zhongde Waste Technology for financial year 2016 will be delayed by several weeks.Reason for delay is further necessary coordination with auditors in Germany and China to clarify details regarding sale of Zhongde's subsidiary "Chung Hua".As a result, Zhongde will not publish its annual report on April 28, 2017 as planned, but probably by mid-June 2017.Accordingly, publication of interim report in 2017 as well as annual general meeting will be delayed.Currently assumes, that annual general meeting will take place in second half of August 2017.  Full Article

ZhongDe Waste Technology revises FY guidance
Thursday, 24 Nov 2016 09:23am EST 

Zhongde Waste Technology AG : ZhongDe Waste Technology revises guidance . Mainly due to an increase of bad debt allowances amounting to 4.0 million euros ($4.23 million), full-year EBITDA of group is expected to remain negative . For 2017 management expects a positive impact from sale of ZhongDe's subsidiary Chung Hua to Capital Yield Group Limited in October 2016 .First tranche of purchase price amounting to 12.0 million euros was already paid.  Full Article

Zhongde sells all shares in Chung Hua Environment Protection
Friday, 14 Oct 2016 05:15am EDT 

Zhongde Waste Technology AG : Zhongde sells all shares in Chung Hua Environment Protection (Holding) Group Ltd .Purchase price amounts 900,000,000 Chinese yuan renminbi ($134.96 million) which equals approx. 121,000,000 euros.  Full Article

ZhongDe Waste Technology H1 net loss widens to EUR 6.3 mln
Tuesday, 30 Aug 2016 04:11am EDT 

ZhongDe Waste Technology AG : Revenue increased by more than 100 percent to 37.6 million euros ($42.00 million) in first half of 2016 . H1 EBIT amounted to -5.8 million euros (H1 2015: -2.7 million euros) . H1 net loss of -6.3 million euros (H1 2015: -4.2 million euros) .Unchanged outlook for financial year 2016.  Full Article

Zhongde Waste Technology says CFO William Jiuhua Wang resigns
Thursday, 9 Jun 2016 06:54am EDT 

Zhongde Waste Technology AG : CFO William Jiuhua Wang resigns . Supervisory board will discuss issue of a sucessor for William Jiuhua Wang in its next meeting .CFO resigned from office as a member of management board and CFO with immediate effect.  Full Article

Zhongde Waste Technology Q1 net loss shrinks to EUR 1.7 mln
Friday, 27 May 2016 03:50am EDT 

Zhongde Waste Technology AG : Rapid progress of main bot project in Lanzhou resulted in strong revenue growth . Q1 revenue increased by more than 100 percent to 26.6 million euros ($29.73 million) . Q1 ebit for reporting period amounted to -1.1 million euros (Q1 2015: -1.0 million euros) . Q1 net loss down from -2.2 million euros to -1.7 million euros .Unchanged outlook for full-year 2016.  Full Article

Zhongde Waste Technology gives FY 2016 outlook
Friday, 29 Apr 2016 05:16am EDT 

Zhongde Waste Technology AG:Expects a rapid growth in revenues for full-year 2016. EBITDA and EBIT are expected to follow that trend and turn positive.FY 2015 reported revenue of 38.2 million euros.FY 2016 revenue estimate 36.60 million euros - Thomson Reuters I/B/E/S.FY 2016 EBITDA estimate -0.05 mln euros - Thomson Reuters I/B/E/S.  Full Article

Zhongde Waste Technology comments on FY 2015 outlook
Friday, 27 Nov 2015 02:24am EST 

Zhongde Waste Technology AG:Adjusted outlook due to project delay and suspension.Total group sales and operating profit for FY 2015 are expected to decrease compared to FY 2014.  Full Article

Zhongde Waste Technology AG comments on FY 2015 outlook
Friday, 13 Nov 2015 03:12am EST 

Zhongde Waste Technology AG:Now expects total group sales and operating profit for full year 2015 to be below 2014 levels.  Full Article