HK Stock Market Move | After the performance, DYNAGREEN ENV (01330) rose nearly 7%, with net profit in the first three quarters increasing by over 24% year-on-year. Institutions say there is still potential for dividend growth.

DYNAGREEN ENV(01330) rose nearly 7% after the performance, up 5.15% to HK$5.51 as of the release, with a turnover of HK$34.6638 million. On the news front, DYNAGREEN ENV announced its quarterly report for the first three quarters, achieving operating income of RMB 2.582 billion according to Chinese accounting standards, an increase of 1.5% year-on-year. Net profit attributable to shareholders was RMB 626 million, up 24.4% year-on-year. In the third quarter alone, operating income was RMB 898 million, up 1.6% year-on-year; net profit attributable to shareholders was RMB 249 million, up 24.2% year-on-year. Soochow released a research report stating that DYNAGREEN ENV is a model in the solid waste sector for increasing dividends and ROE. The current dividend yield for A shares is 4.1% and for Hong Kong stocks is 6.3%. With the accelerated recovery of national subsidies and a decrease in capital expenditures, free cash flow is increasing, and there is still potential to increase dividends. The company is actively expanding its heating supply and cost control measures, leading to improved performance and ROE, and the release of stock incentives is expected to continue to grow.