Beijing Capital Co operation revenue up 20%

Beijing Capital Co Ltd, the world's fifth and the country's second-largest water operator, reported operation revenue of more than 14.9 billion yuan in 2019, 20 percent up compared with the same period the previous year. Total profit reached 1.598 billion yuan, up 25 percent year-on-year.

Environmental business revenue reached 14.6 billion yuan, 98 percent of the total revenue. Business relating to water witnessed a year-on-year increase of 29 percent and the solid waste business was up 15 percent.

The company said its research and development expenditures last year rose 71 percent year-on-year to 48.5 million yuan.

Established in 1999 and listed on the Shanghai Stock Exchange in April 2000, the company has been conducting business in several fields, including municipal water supply, sewage treatment and integrated pipe network construction.

It has gradually built an environmental improvement system covering the whole industry chain. This ranges from water resources, water recycling, sea water desalination, comprehensive improvement of water environment and sludge treatment, to solid waste treatment and recycling from urban cities to rural villages. This covers over 80 cities and 3,000 villages with a combined water treatment capacity of 20 million tons per day and serving more than 40 million people.