CHUNGTAI RESOURCE Technology held a pre-listing results conference on August 21, announcing plans to increase its share capital to NT$919 million through a cash capital increase of 9.26 million shares. The company is scheduled to go public in September, marking a significant milestone in its growth trajectory.
Established in 2001, CHUNGTAI specializes in the comprehensive treatment of industrial waste, including incineration for power generation, mercury waste processing, and precious metal recovery from electronic waste. The company operates Taiwan’s largest private incineration facility in Guanyin, Taoyuan, and focuses on converting waste into reusable resources through advanced technologies.
Zhongtai reported robust financial performance in 2023, with consolidated revenue of NT$1.272 billion and a net profit after tax of NT$255 million. For the first half of 2024, the company achieved consolidated revenue of NT$1 billion and a net profit of NT$211 million, maintaining a strong gross profit margin of over 30%.
In addition to its core business, CHUNGTAI is also expanding into environmental remediation. The company, in partnership with Jiebo Technology, won a bid for soil and groundwater pollution remediation at the Kaohsiung Refinery, further enhancing its capabilities in environmental engineering.
As CHUNGTAI gears up for its public listing, it is well-positioned to capitalize on growing demand for sustainable waste management and green energy solutions in Taiwan and beyond.
