Green Workers' Newcomer, Young New, Listed on the Main Board Today, Aiming for Double-Digit Revenue Growth for the Whole Year

Reported about 1 year ago

Green workers' new member, Young New (6951), transferred from the OTC market to the main market on June 18, 2024. With Young New obtaining the asbestos tile clearing project, the market is optimistic that Young New's revenue from industrial waste this year will significantly increase. In addition to the stable growth of the existing medical waste disposal business, the estimated annual revenue is expected to grow by double digits. Young New, a subsidiary holding 66.04% of the shares of the waste disposal plant Riyou (8341) for industry and medical waste, with medical waste revenue accounting for 60% and industrial waste 33%. Young New's combined revenue for the first five months of this year was NT$235 million, up 25.34% year-on-year. Young New pointed out that due to the exit of many micro-enterprises in the industry two years ago, the company's customer base has grown significantly, driving an increase in waste clearance volume.

Source: YAHOO

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