D&G Technology announces positive profit alert

D&G Technology Holding Company Limited (“D&G Technology” or the “Group”; Stock code: 1301.HK), a leading medium-to-large scale asphalt mixing plant manufacturer and service provider in China, is pleased to announce that the Group expects its profit attributable to the equity shareholders of the Company for the six months ended 30 June 2017 to increase by approximately 53% as compared to the same period last year.

The increase is mainly due to the increase in revenue by approximately 46% and partly offset by the increase in distribution costs and research and development expenses. The increase in revenue was primarily attributable to the increase in demand of asphalt mixing plants resulting from the increase in road construction projects both in China and overseas countries. In particular, the demand for recycling asphalt mixing plants in China increased significantly, due to the advocacy of the national environmental protection policies in China.

Ms. Glendy Choi, CEO and Executive Director of the Group, said, “Investment in infrastructure is one of the key drivers of economic growth and we are glad to see the increase in road construction projects not only in China but also along the One Belt One Road countries. With the advocacy of environmental protection policies in China, we expect there shall be a continuous growth in demand of recycling and high environmental protection configuration asphalt plants. The Group will also carry on to grasp the opportunities in the “One Belt One Road” region to develop its business and explore potential overseas markets. With unceasing technological innovation and investments in research and development, the Group is confident to remain as a leading player in the market and will use our best endeavors to bring better returns to the shareholders of the Company.”