China Everbright Greentech

What China Everbright Greentech does

China Everbright Greentech is a Hong Kong-listed environmental protection services company (HKEX: 01257) operating as a subsidiary of state-owned China Everbright Group. Its business is organized across four pillars: biomass comprehensive utilization, hazardous and solid waste disposal, environmental remediation, and renewable energy generation (solar PV and wind power). The company executes these activities through 28+ operating subsidiaries located across mainland Chinese cities, with a German subsidiary holding and operating solar PV assets abroad. Its technology stack is operational/process rather than software-driven: biomass power generation via combustion of agricultural and forestry residues, thermal/chemical treatment of hazardous waste, soil and groundwater remediation projects, and grid-connected PV/wind generation assets under long-term offtake arrangements.

The company serves a B2B/B2G customer base consisting of municipal governments, state-owned industrial enterprises, and commercial counterparties across mainland China. Revenue is generated primarily through long-term, project-based contracts: government concessions and tariff subsidies for biomass and renewable power generation, per-ton treatment fees for hazardous and solid waste disposal, milestone-based remediation contracts, and electricity sales from PV/wind assets (including offshore wind and a German PV portfolio). The asset-heavy model is funded through a diversified green finance toolkit, including green loans, green medium-term notes (MTNs), and carbon-neutral asset-backed securities (ABS), reflecting access to onshore and offshore capital markets aligned with PRC green finance frameworks.

In FY2025, the company reported revenue of HKD 6,729,234 thousand (approximately USD 863 million), down modestly from HKD 6,976,892 thousand in FY2024, but swung to a profit of HKD 113 million from a loss of HKD 415 million the prior year, with EBITDA up 62% and asset-liability ratio improving from 67.90% to 63.01%. The profitability inflection, alongside continued issuance of green debt instruments, signals an ongoing deleveraging and operational restructuring phase rather than organic top-line expansion.

Name

China Everbright Greentech

Legal name

中國光大綠色環保有限公司

Website

https://ebgreentech.com

Company type

Public

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

China Everbright Greentech is a Hong Kong-listed environmental services subsidiary of China Everbright Group, providing biomass energy, hazardous and solid waste disposal, environmental remediation, and solar/wind power generation to government and industrial clients across mainland China.

Ownership category

akta.pro rank

Product category

Environmental Services

NAICS

Hazardous Waste Treatment and Disposal (562211), Biomass Electric Power Generation (221117), Solid Waste Combustors and Incinerators (562213)

SIC

Hazardous Waste Management (4955), Refuse Systems (4953), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Industrial Hazardous Waste Services (Manufacturing, Refineries, Metals, Automotive) (EUAIAFAG)

akta.pro secondary industries

Municipal Solid Waste (MSW) Incineration & Energy Recovery (EUACAIAA), Circularity & End-of-Life Technology R&D (PV Recycling Chemistry, Blade Reuse, Design-for-Recycling) (EUAMAOAK), Pollution Prevention, Chemicals & Waste (incl. Plastics) (BPADALAJ)

Keywords

• Biomass power generation
• Hazardous waste treatment
• Environmental remediation services
• Solar wind power
• Solid waste disposal

Headquarters

HQ city

Admiralty

HQ country

Hong Kong SAR China

HQ region

Asia

Offices26 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain

Revenue model

1. Environmental Services and Project Operations: Revenue generated from environmental protection project operations including biomass energy, waste disposal, and renewable energy projects. The company reports revenue of HKD 6,729,234 thousand for 2025, down 4% from HKD 6,976,892 thousand in 2024. EBITDA increased 62% to HKD 1,614,164 thousand in 2025. The company returned to profitability with equity shareholder profit of HKD 113,112 thousand in 2025 versus loss of HKD 415,382 thousand in 2024.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

China Everbright Greentech provides environmental protection services through five core business segments: (1) Biomass Comprehensive Utilization converting agricultural and forestry waste into power and heat, (2) Hazardous and Solid Waste Disposal via incineration and landfill, (3) Environmental Remediation of contaminated sites, (4) Solar PV and Wind Power Generation through rooftop and ground-mounted installations, and (5) Technology R&D. The company supports its operations through green financing instruments and operates a diversified portfolio of environmental infrastructure projects across mainland China and selectively in Germany.

Product overview

China Everbright Greentech operates as a diversified environmental protection services provider in China, organized around five core business segments: Biomass Comprehensive Utilization (converting agricultural and forestry biomass into energy through dedicated projects), Hazardous and Solid Waste Disposal (providing professional incineration and landfill services for industrial and medical waste), Environmental Remediation (restoring contaminated sites), Solar PV and Wind Power Generation (operating solar and wind farms), and Technology R&D (developing innovative environmental solutions). The company supports its operations through green financing instruments and maintains comprehensive ESG governance. Projects include integrated biomass and waste-to-energy plants, hazardous waste treatment facilities, rooftop and ground-mounted solar installations, and wind farms across China and Germany.

Differentiator

Problem solved

Functional benefit

Products and services

• Biomass Comprehensive Utilization (生物質綜合利用)
• Hazardous and Solid Waste Disposal (危廢及固廢處置)
• Environmental Remediation (環境修復)
• Solar PV and Wind Power (光伏發電及風電)
• Technology R&D (技術研發)

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• BDOminorOthers · 23 July 2025BDO presented the 7th BDO ESG Awards where China Everbright Greentech received three honors including the ESG Annual Award, demonstrating industry-leading ESG capabilities.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Sound Environmental Resources: China-based operator of waste-to-energy, hazardous waste treatment and environmental equipment businesses. Directly comparable hazardous waste and incineration project portfolio.
• Canvest Environmental Protection Group: Hong Kong-listed operator of waste-to-energy plants in China. Directly comparable biomass and MSW incineration project pipeline targeting municipal clients.
• China Tianying (CNTY): Chinese environmental group active in waste-to-energy and bulk solid waste recycling. Competes with Everbright Greentech for municipal waste treatment contracts across China.
• Dynagreen Environmental Protection Group: China-focused waste-to-energy operator with comparable biomass, MSW incineration and project-based municipal contracts. Closest direct competitor in mainland waste-to-energy project bidding.
• China Conch Venture Holdings: Hong Kong-listed environmental protection company leveraging cement co-processing for waste treatment alongside renewable and environmental businesses. Overlaps with Everbright Greentech's hazardous and solid waste disposal segment.

Broad incumbents

• Beijing Enterprises Water Group: Hong Kong-listed state-backed environmental services group focused on water and waste projects in China. Comparable B2G project-based model with overlapping municipal and industrial client base.
• Veolia Environnement: Global environmental services incumbent with significant presence in hazardous waste and energy-from-waste. Useful global comparable for project economics and regulatory compliance benchmarks.
• China Everbright Environment Group: Larger sister company under the same China Everbright Group parent, operating a broad waste-to-energy, environmental remediation and smart-city portfolio across China. Direct overlap in biomass, waste-to-energy and hazardous waste segments.
• NWS Holdings: Hong Kong-listed conglomerate with significant environmental infrastructure exposure including waste management in mainland China. Comparable state-linked project pipeline.

Regional players

• Yunnan Water Investment: Regional Chinese environmental services group with overlapping municipal and industrial waste management focus, providing a regional peer for project economics and bidding dynamics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries32 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about China Everbright Greentech