Fresh Environment's Q1 net profit reached 21.57 million yuan, increasing by 121.35% year-on-year

Radar Finance, Written by Jiang Wen, Edited by Shen Hai

On April 30, Fresh Environment (002573) announced its full Q1 2026 earnings report. The report indicated that during the reporting period (January 1 to March 31, 2026), the company achieved revenue of 1,680,282,979.55 yuan, a year-on-year decrease of 11.79%, mainly due to a drop in resource utilization business volume; Net profit attributable to shareholders of the listed company amounted to 21,569,914.20 yuan, growing by 121.35% year-on-year, primarily driven by cost control and expense management amid reduced resource utilization activities; Net cash flow from operating activities stood at 35,038,565.76 yuan, surging 215.09% year-on-year, largely due to a reduction in administrative expenses during the reporting period.

Additionally, among the top ten shareholders, Sichuan Provincial Ecological Environmental Protection Industry Group Co., Ltd holds 42.12%, making it the largest shareholder.

According to Tianyancha data, Fresh Environment’s full name is Beijing Fresh Environment Technology Co., Ltd, established on September 3, 2001, with registered capital of 1,415,267,079 yuan, legal representative Chen Zhu, and registered address at Floor 11, No. 69 Xibali Road, Haidian District, Beijing. Its main businesses include water investment and operations, industrial flue gas treatment, and energy services.

Currently, the company chairman is Chen Zhu, and the board secretary is Zhang Zijie. The latest annual report shows the number of employees stands at 6,305, with the actual controller being the State-owned Assets Supervision and Administration Commission of the Sichuan Provincial Government (holding a 38.05% stake in Beijing Fresh Environment Technology Co., Ltd).

The company has stakes in or controls 113 enterprises, including Ningxia Energy Conservation Maoye Waste Heat Power Generation Co., Ltd., Tibet Shengyuan Environmental Engineering Co., Ltd., and Shenzhen Shenwater Henggang Water Affairs Co., Ltd.

In terms of performance, the company’s operating revenues for 2023, 2024, and 2025 are projected to be 8.614 billion, 8.716 billion, and 9.112 billion respectively, representing year-over-year growth rates of 7.25%, 1.18%, and 4.33%. Net profits attributable to shareholders are expected to reach 127 million, -378 million, and -421 million, with year-over-year changes of -71.55%, -396.95%, and -12.34% respectively. During the same period, the company’s asset-liability ratios are 68.10%, 69.86%, and 71.48% respectively.

In terms of risk, Tianyancha information shows that the company has 511 self-related Tianyan risks, 175 surrounding Tianyan risks, 338 historical Tianyan risks, and 427 warning reminder Tianyan risks.

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