China BlueChemical Ltd., a chemical company based in Hong Kong, reported a record-high profit in 2023. The company's profit increased by 45% year-on-year to RMB 2.382 billion. The revenue for the year was RMB 12.990 billion. The CEO and President of China BlueChem, Mr. HOU Xiaofeng, attributed the company's success to the promotion of the transformation and upgrade of the traditional industrial structure, safe production practices, and increased sales efficiency. The company also achieved a brand value of RMB 5.404 billion in 2023. In terms of production management, China BlueChem had no production-related accidents or environmental pollution incidents in 2023. The company produced various chemical products, including urea, phosphate and compound fertilizers, methanol, and acrylonitrile. In terms of sales management, the company increased sales in the high-price range and achieved greater sales volume and profit. China BlueChem also exported a significant amount of urea, DAP, and methanol in 2023. Looking ahead, the company expects an increase in the supply and demand for urea in 2024 and plans to focus on safety, environmental protection, and product and service upgrades [2a98130f].
Baguio Green Group Limited, a Hong Kong-based integrated environmental services group, announced its annual results for the year ended December 31, 2023. The Group's revenue was approximately HK$2.33 billion, representing an increase of approximately 29.8% compared to the previous year. The adjusted net profit for the year was approximately HK$46.3 million, an increase of approximately 36.7% compared to 2022. The Group's contracts on hand increased to approximately HK$5.1 billion. The increase in adjusted net profit was driven by the growth impetus provided by the Hong Kong Waste Charging Scheme, securing new cleaning contracts, and efficiency gains due to economies of scale. The Group's cleaning services recorded a significant growth, with revenue increasing by 37.3% year-on-year. The Group also provided waste management and recycling services, as well as green technology solutions. The Group's bioconversion technology project successfully converted waste into useful resources. Baguio Green Group is committed to sustainable development and creating a cleaner, greener, and healthier city [f14c07fd].