There are 212 listed companies in Nanshan District! Chengdaotong Environmental Protection Technology landed on NASDAQ

Shenzhen Business Daily Reading Client Reporter Cao Xin

On the morning of April 18, local time, Chengdaotong Environmental Protection Technology, an enterprise in Nanshan District, was successfully listed on the NASDAQ stock exchange in the United States. The successful listing of Chengdaotong Environmental Protection Technology is the second new overseas listed company in Nanshan District after the listing of Suteng Juchuang in the Hong Kong stock market this year, and it is also the first company in Nanshan District to land on the US stock market in 2024, and as of now, Nanshan has 212 domestic and foreign listed companies.

Chengdaotong Environmental Technology was successfully listed on NASDAQ

CDT Environmental Technology Investment Holdings Limited, the Cayman holding company of Chengdaotong Environmental Technology, was successfully listed on the NASDAQ stock exchange on the morning of April 18, U.S. time, under the ticker symbol (CDTG). As of the close of trading in the early hours of this morning, the closing price was $3.3, with a turnover of $1.8298 million.

On February 24, 2023, CDT Environmental Technology Investment Holdings Limited, the controlling shareholder of Chengdaotong Environmental Technology, submitted an updated prospectus to the U.S. Securities and Exchange Commission (SEC). It was secretly filed with the SEC on November 15, 2019, and publicly disclosed the prospectus on January 15, 2021. According to the prospectus, in the 12 months ended December 31, 2022, Chengdaotong Environmental Protection Technology's revenue was US$28.85 million and net profit was US$5.24 million, and as of June 30, 2023, the company achieved revenue of US$15.46 million and net profit of US$1.8 million in the first half of the year.

The company has two main business areas - urban and rural sewage treatment systems and sewage treatment services

Founded in 2012 and headquartered in Nanshan District, Chengdaotong Environmental Technology is a wastewater treatment company that generates revenue through the design, development, manufacturing, sales, installation, operation and maintenance of sewage treatment systems (including septic tanks) and the provision of sewage treatment services, mainly engaged in two business areas: urban and rural sewage treatment systems and sewage treatment services.

With the aim of developing mobile and stationary systems to meet the various needs of customers, Chengdaotong Environmental Technology is mainly engaged in two businesses: rural sewage treatment and septic tank treatment in urban and rural areas. Generate revenue through the design, development, manufacture, sale, installation, operation and maintenance of wastewater treatment systems, and the provision of wastewater treatment services.

For rural wastewater treatment, Chengdaotong Environmental Technology sells complete sewage treatment systems, builds rural sewage treatment stations, installs systems, and provides ongoing operation and maintenance services for municipal and corporate customers in China.

Chengdaotong Environmental Technology provides on-site or on-site septic tank treatment services to municipal departments, residential and commercial property management companies in urban and rural areas of China. Chengdaotong Environmental Technology aims to develop mobile systems and stationary systems to meet the various needs of customers.

The core competition of Chengdaotong Environmental Technology comes from its proprietary systems and technologies

The core competition of Chengdaotong Environmental Technology comes from its proprietary systems and technologies, as well as the company's experience and expertise in waste treatment services, especially in rural wastewater treatment and septic tank treatment. From the perspective of the industry, Chengdaotong environmental protection technology is facing a broad market.

According to Forward the Economist, rural wastewater discharge increased at an annual rate of 6% from 2013 to 2018, reaching 23 billion tonnes by 2018. According to Forward the Economist, the market size of China's rural wastewater treatment is expected to reach 200 billion yuan by 2030.

The core of CTW's business is CTW's proprietary systems and technologies, as well as CTW's experience and expertise in waste management services, particularly in rural wastewater treatment and septic tank treatment. As of December 31, 2023, the company has 2 inventions, 38 utility model patents, 3 trademarks and 2 software copyrights. The company is constantly striving to upgrade its rapid separation technology and septic tank treatment system through independent research and development and cooperation with third-party institutions.

Nanshan District nurtures high-quality development of enterprises with a first-class business environment

Nanshan is the highland of science and technology innovation in Shenzhen, and the density of listed enterprises in the region ranks first in the country. Behind this, it is inseparable from the Nanshan District Party Committee and District Government to consistently provide a first-class environment for enterprises to settle down and grow. In order to strengthen the team of listed companies in Nanshan, Nanshan District has established a full-chain and full-cycle service mechanism of "incubation-growth-capital-service", unswervingly injected reform and innovation genes into capitalization and internationalization, and strived to build a leading area for listing cultivation.

Innovation is the only temperament and golden sign of Nanshan District. For a long time, Nanshan District has attached great importance to cultivating and protecting the innovation ecology of the region. Represented by the "Entrepreneurship Star" competition, a brand activity of entrepreneurship and entrepreneurship, from 2008 to the present, it has provided dream space for the world's high-quality innovation and entrepreneurship teams, and has cultivated a number of listed companies such as UBO and Shenghong Electric, a number of industry leaders such as DJI and Obi Zhongguang, and a number of cutting-edge technology enterprises such as Suteng Juchuang. These enterprises have become the most vibrant "Maolin" in Nanshan's innovation ecosystem.

In encouraging enterprises to use the capital market for development, Nanshan District has the courage to explore and always walk in the forefront. Nanshan District has successively launched the "Several Measures on Promoting the Deep Integration of Finance and Science and Technology in Xili Lake International Science and Education City", "Special Support Measures for Promoting the Development of Venture Capital and Venture Capital Industry in Nanshan District" and "Special Support Measures for Promoting the Development of Private Equity Investment Fund Industry in Nanshan District", focusing on the integrated development of finance and technology, actively introducing more angel investment, venture capital, venture capital, and M&A funds, and continuously optimizing the development ecology of venture capital industry in the jurisdiction. By the end of 2023, there are more than 2,500 private equity investment institutions in the jurisdiction, accounting for about 70% of Shenzhen, with a management scale of 1.5 trillion yuan.

In terms of internationalization, Nanshan District is one of the urban areas with the highest degree of internationalization and the highest density of foreigners in the city, from the birth of Shekou Industrial Zone, China's first industrial zone to open to the outside world in the last century, to the new era of high-level opening up to the outside world, Nanshan has always been a "hot place" and "first choice" for internationally renowned enterprises to invest in the "hot spot". The export-oriented economy plays a pivotal role in the overall economic development of Nanshan District, which has developed shipping, convenient cross-border trade, and natural location advantages adjacent to Hong Kong, which has created favorable conditions for enterprises in the jurisdiction to carry out international business. Among the listed companies in Nanshan District, the proportion of overseas listed enterprises is nearly 1/3, and they are located on overseas exchanges such as the Hong Kong Stock Exchange, NASDAQ, and the New York Stock Exchange.

In order to further support the high-quality development of enterprises, Nanshan District has set up special funds for the development of independent innovation industries from multiple perspectives, and has issued a total of more than 19.9 billion yuan, benefiting more than 34,000 enterprises. At the same time, it has also introduced the "Pilot Plan" 2.0 policy and carried out the "Top Ten Innovative Craftsmen" selection activities to provide all-round support and guarantee for enterprises and talents.

In terms of service enterprises, Nanshan District has set up a special enterprise development service center, created a "i Nanshan Enterprise Service Comprehensive Platform", focused on the "14+7" strategic emerging industrial clusters and future industrial layout, and introduced the "1+4+N" industrial support policy. Promote the reform of "one-stop, integrated and efficient" government services, 541 service items have been handled at one time, 518 items have been achieved with "zero run", and more than 300 items have been handled in the Bay Area. Through the joint construction of headquarters and "industrial upstairs", the transformation and addition of "1 million square meters of headquarters R&D space + 2 million square meters of high-end manufacturing plants" will be added, and a 10-kilometer industrial belt of "headquarters R&D + high-end manufacturing" will be built in the northern area, providing about 106,500 square meters of low-cost innovative industrial buildings for 61 enterprises in 2022. It has built the country's first "6+4+N" one-stop comprehensive service platform for intellectual property rights, with 558.22 invention patents per 10,000 people, and has been awarded the "National Intellectual Property Strong County Construction Demonstration County".

In Nanshan, a fertile land for innovation, a hot land for capital, and on the international stage, the company has grown at a rapid pace. The first-class business environment here is giving birth to more outstanding enterprises, jointly writing a glorious chapter in the high-quality development of Nanshan.

Reviewer: Wang Bei, Huang Xiaomin