ZhongDe Waste Technology AG

Earnings Release • Apr 15, 2011

News Details

Ad-hoc | 15 April 2011 16:18

ZhongDe Waste Technology AG: Financial performance 2010 impacted by delay of construction progress of energy-from-waste projects

ZhongDe Waste Technology AG / Key word(s): Preliminary Results

15.04.2011 16:18

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Frankfurt, 15 April 2011 - ZhongDe Waste Technology AG ('ZhongDe', 'the
Company', Ticker symbol 'ZEF'), a well-known player in the project
development and operation of large-scale energy-from-waste plants in China,
realized a small net loss for full year 2010 (2009: EUR 5.7 million).

This result reflects the delay of construction progress of current
large-scale energy-from-waste projects due to the delay of local government
approvals.

Due to the project delays, ZhongDe also expects the Q1 2011 results to be
below the results of Q1 2010.

However, in March 2011, Mr. Wen Jiabao, China's Prime Minister, announced
political measures to support the energy-from-waste plant construction in
China, which will accelerate the local government approvals.

So ZhongDe's management team is confident to be able to significantly
improve the financial performance in the coming quarters of 2011.

Contact

William Jiuhua Wang
Executive Director and CFO
E-Mail: william.jw@zhongdetech.com

Ying Sun
Assistant IR Manager
Herriotstr. 1
60528 Frankfurt am Main
Germany
T: +49 69 67733 172
F: +49 69 67733 200
E-Mail: ying.sun@zhongde-ag.de

Kirchhoff Consult AG
Nicole Schüttforth
Investor Relations Consultant
T: +49 40 60 91 86 64
F: +49 40 60 91 86 60
E-Mail: nicole.schuettforth@kirchhoff.de

15.04.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language: English
Company: ZhongDe Waste Technology AG
Stadthausbrücke 1-3
20355 Hamburg
Deutschland
Phone: + 49 69 67733 172
Fax: + 49 69 67733 200
E-mail: ying.sun@zhongde-ag.de
Internet: www.zhongde-ag.de
ISIN: DE000ZDWT018
WKN: ZDWT01
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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