On April 28, Zhejiang Mingjia Environmental Protection Technology Co., Ltd. (hereinafter referred to as Mingjia environmental protection) disclosed the reply materials of the first round of inquiry letter. According to the latest financial data, the company achieved operating revenue and net profit of 185 million yuan and 588601 million yuan respectively in 2021, and the growth rate of performance was much slower than that in 2019 and 2020.
Mingjia environmental protection mainly provides environmental protection equipment for livestock and poultry breeding enterprises, and Wens Foodstuff Group Co.Ltd(300498) ( Wens Foodstuff Group Co.Ltd(300498) , SZ) and its related parties are the company’s largest customers. However, Mingjia environmental protection has the risk that its revenue depends on a single product. From 2019 to 2021, the revenue of the core product tank fermentation processor accounted for 83.63%, 80.71% and 81.05% of the main business revenue respectively.
