Zhefu Holding H1 Revenue RMB13.44B, Net Profit Up 139.45%
Zhefu Holding reported 2026 first-half revenue of RMB13.44 billion, up 26.28% year-on-year, with net profit attributable to shareholders of RMB1.356 billion, a 139.45% increase. Deducted non-recurring profit rose 194.89% to RMB1.252 billion. The hazardous waste treatment and clean energy equipment segments drove growth, with gross margin improving to 15.59%.
Zhefu Holding disclosed its 2026 semi-annual report on the evening of August 28. During the reporting period, the company achieved operating revenue of RMB13.44 billion, up 26.28% year-on-year; net profit attributable to shareholders reached RMB1.356 billion, up 139.45%; and deducted non-recurring profit was RMB1.252 billion, up 194.89%. The company's business is mainly divided into hazardous waste resource utilization (high-carbon reduction) and clean energy equipment (deep low-carbon). During the period, it focused on hazardous waste harmless disposal and resource recycling, while continuously improving its strategic layout in the "green industry" sector.
By segment, in the first half of 2026, Zhefu Holding's hazardous waste disposal and resource utilization products generated revenue of RMB12.739 billion, up 27.4% year-on-year; clean energy equipment revenue was RMB654 million, up 6.32%; and other products contributed RMB47.2107 million. In hazardous waste treatment, the company has built a full-industry-chain model covering "collection, storage, harmless disposal, and deep resource processing," recovering metals such as copper, gold, silver, palladium, tin, nickel, lead, zinc, platinum, antimony, bismuth, rhodium, ruthenium, and iridium from hazardous waste using advanced processes. During the reporting period, metal recovery rates and product purity continued to improve, with gross margin rising to 15.59%, an increase of 6.04 percentage points from the same period in 2025.
In clean energy equipment, Zhefu Holding's business includes large and medium-sized hydroelectric generating units, pumped-storage generating units, and nuclear power equipment. Its controlled subsidiary Sichuan Huadu Nuclear Equipment Manufacturing Co. , Ltd. , a major designer and manufacturer of control rod drive mechanisms for the "Hualong One" third-generation nuclear power technology, has reached internationally advanced levels. During the reporting period, the company's hydropower equipment achieved new breakthroughs in overseas markets, pumped-storage unit market share steadily increased, and nuclear control rod drive mechanisms maintained a leading technological edge. Capacity utilization in the clean energy equipment business remained high, with continued supply of supporting equipment for domestic and international nuclear projects, and ample new orders in hydropower and nuclear power.
Zhefu Holding stated that in the second half of 2026, it will continue to anchor its "clean energy + large environmental protection" development strategy, closely follow national industrial policy, explore new fields such as nuclear fusion equipment, increase technological innovation, accelerate capacity layout optimization, and promote international operations. The company plans to enhance operational efficiency and core competitiveness through digital transformation and intelligent upgrades, cultivate new growth drivers, and achieve high-quality sustainable development.