Green Power Environmental Protection (01330), which is already in the strong operating range of stock prices, seems to be showing signs of a further upward breakthrough after the Q3 earnings report, which showed both revenue and profit increases.
Zhitong Finance notes that after the opening of the market on October 26, the stock price of Green Dynamics and Environmental Protection moved higher. At one point, the intraday stock price hit HK$6.205. By the close of the day, the stock was reported at HK$6.16, an increase of 5.48%. Judging from the news, the strong three-quarter report is probably the catalyst that triggered changes in Green Power Environmental's stock price. According to the financial report recently disclosed by the company, Green Power Environmental Protection achieved revenue of 2,877 billion yuan in the first three quarters of this year, an increase of 11.43% over the previous year; net profit to mother was 732 million yuan, an increase of 16.9% over the previous year. Focusing on the Q3 quarter, the company's revenue was 1 billion yuan, up 11.39% year on year; gross profit was 517 million yuan, surging 22.74% year on year, and corresponding gross margin rose further to 51.73%; net profit to mother was 268 million yuan, up 7.42% year on year. The core financial data can be described as an overall increase.
Judging from the stock price performance after performance, it seems that Green Power Environmental Protection has entered a positive cycle of performance verification and rising stock prices. Also, it is worth mentioning that on a longer-term basis, the cumulative increase in the stock price of Green Power Environmental Protection has exceeded 300% since 2024. Driven by impressive performance, whether the company's stock price will rise to the next level is surely worth investors' continued attention.
It combines the characteristics of steady growth and high dividends
Green Power Environmental Protection is a pioneer in the domestic waste incineration power generation industry in China. Its business covers investment, construction, operation, maintenance and technical consulting services for domestic waste incineration power plants. According to the three-quarter report, the cumulative amount of garbage entering the factory in the first three quarters of this year was 117.14,600 tons, up 7.26% year on year; cumulative power generation capacity was 416.7.777 million kilowatts, up 7.78% year on year; cumulative feed-in electricity volume was 3.471 billion kilowatts, up 8.25% year on year; cumulative gas supply was 1.407 million tons, up 32.05% year on year.
In the third quarter, the garbage disposal capacity of Green Power Environmental Protection's subsidiary was 4.05 million tons, up 7.61% year on year; power generation capacity was 1.43 billion kilowatts, up 7.74% year on year; feed-in electricity volume was 1.21 billion kilowatts, up 10.73% year on year; tons were 353 degrees, up 0.12% year on year, and the ton internet was 299 degrees, up 2.9% year on year. It is worth noting that during the Q3 period, the company's gas supply reached 380,000 tons, an increase of 38.11% over the previous year. The growth rate was further increased from the 29% year-on-year growth rate in the first half of the year. The high-margin steam supply business grew at an accelerated pace, which not only broadened the revenue sources of green power and environmental protection, but also contributed to further strengthening the company's profitability.
In addition to showing strong “steady growth” characteristics on the performance side, the company is also a veritable “high dividend” target in terms of shareholder returns. Going back in history, Green Dynamics Environmental Protection has always attached great importance to cash returns to investors, and execution is extremely strong. According to data, the company distributed a cumulative cash dividend of 454 million yuan in 2025, accounting for 73.53% of net profit returned to mother for the year, far exceeding the lower limit previously promised. In addition, according to the 2026 semi-annual profit distribution plan disclosed by the company, Green Dynamics Environmental Protection Plan will distribute a cash dividend of 0.11 yuan (tax included) per share to all shareholders, continuing to give back to shareholders with real money.
In addition to this, Green Power Environmental Protection has previously formulated the “Shareholder Dividend Return Plan for the Next Three Years (2027-2029)”. According to the plan, the annual profit distributed by the company in cash for the next three years is not less than 50% of the net profit returned to mother for the current year, and the cash dividend amount per share is not less than 0.32 yuan (tax included). Taken together, with both “flexibility to improve performance” and “high deterministic dividends,” it's no wonder that the stock price of Green Power and Environmental Protection has advanced rapidly over the past few years.
Resonance between value and growth unleashes upward elasticity in stock prices?
If we want to find targets in the Chinese capital market that can bring stable returns to investors in recent years, Changjiang Electric Power must be a company that cannot be bypassed. The author has noticed that currently there are opinions in the market that waste-to-energy generation is evolving into a “growing Yangtze River power.” Investment institutions that hold this view believe that in the context of franchising protecting scarcity, the waste-to-energy industry also has the characteristics of heavy assets and a low elimination rate, and ROE is steadily increasing during the maturity period of the industry. Digging deeper, the core logic of the industry lies in the two-wheel drive of “ToB evolution” and “ToC evolution”: on the one hand, on the ToB side, the industry is fully enjoying the performance flexibility brought about by the revaluation of clean energy values through AI empowering efficiency improvement, high-margin non-electric heating, zero-cost slag price increases, and overseas layout; on the other hand, on the ToC side, the sector's steady dividend potential is expected to rise several times. According to the author, the increase of more than 300% in the past three years for Green Power and Environmental Protection is probably the market's continued pricing on the underlying logic of “value and growth resonance.”
Judging from the growth momentum of Green Power Environmental Protection, referring to the equity incentive plan previously disclosed by the company, Green Power Environmental Protection's performance targets for 2026 to 2028 should not be less than 711 million yuan, 742 million yuan, and 773 million yuan respectively. At the same time, it also proposed clear growth targets for operating data such as cash flow, which can be said to have sent a clear growth signal to the outside world. Moreover, Green Power Environmental Protection also seems to be leading the industry in applying cutting-edge technology. The company has not only set up an environmental intelligence technology research branch to strengthen top-level design, but also deepened cooperation with external partners such as Alibaba Cloud; its Tongzhou project has successfully implemented the first intelligent global intelligent control system for AI garbage bins in China, and is currently gradually advancing the construction of a “black light factory”.
Overall, the current green power environmental protection not only shows the steady undertones of utility stocks, but also unleashes the company's growth flexibility in an orderly manner through measures such as improving operational efficiency and cultivating new growth points. Looking at stock price performance, it seems that market capital's recognition of its long-term value is also continuing to increase under the combination of the two factors of “high dividends+steady growth.” In the future, on the basis of the steady implementation of performance, how will the stock price performance of Green Power Environmental Protection be interpreted is definitely worth looking forward to.