CDT Environmental Technology Investment Holdings Limited (CDTG)
NASDAQ: CDTG · IEX Real-Time Price · USD
3.410
-0.030 (-0.87%)
May 1, 2024, 4:30 PM EDT - Market closed

Company Description

CDT Environmental Technology Investment is a waste treatment company that generates revenue through design, development, manufacture, sales, installation, operation and maintenance of sewage treatment systems and by providing sewage treatment services.

We primarily engage in two business lines: sewage treatment systems and sewage treatment services in both urban and rural areas.

We have established sales and marketing networks in many cities across several provinces in China with thirteen majority-owned subsidiaries and two branch offices in China.

We intend to expand our sales and marketing efforts for our rural sewage treatment system to further penetrate the market in Fujian and Zhejiang provinces.

We are in the process of negotiating partnerships with state-owned companies at the central government level to expand the geographic market for rural sewage treatment.

We also intend to promote our newly developed septic tank treatment systems. According to the Ministry of Environmental Protection of China and the Ministry of Finance of China as of December 2016, in 2016, only approximately 22% of the incorporated villages in China treated rural sewage water.

According to Forward the Economist as of January 2018, it is estimated that the market size of rural sewage treatment in China will reach approximately RMB 200 billion (approximately $28.0 billion) in 2030.

Due to China’s recent focus on the continuous improvement of living standards through more stringent environmental laws and regulations for clean water, we believe compliance with such laws and regulations will become increasingly difficult for companies to achieve.

Therefore, we believe new technology and applications in sewage treatment will be in greater demand, which we expect will drive demand for our services and products.

CDT Environmental Technology Investment Holdings Limited
Country China
Founded 2012
IPO Date Apr 18, 2024
Industry Sanitary Services
Sector Industrial
Employees 177
CEO Yunwu Li

Contact Details

Address:
C1, 4th Floor, Building 1, Financial Base, No. 8 Kefa Road
Nanshan District, Shenzhen 518057
China
Phone 86-0755-86667996
Website cdthb.cn

Stock Details

Ticker Symbol CDTG
Exchange NASDAQ
Fiscal Year January - December
Reporting Currency USD
IPO Price $4.00
CIK Code 0001793895
SIC Code 4950