Breaking Down Beijing Orient Landscape & Environment Co., Ltd. Financial Health: Key Insights for Investors

Founded in 1992, Beijing Orient Landscape & Environment Co., Ltd. has transformed from a landscape design firm into a diversified environmental and new-energy services provider-expanding into environmental services in January 2015 and announcing a December 2025 rebrand to Beijing Orient EcoEnergy Co., Ltd. as its new energy business now accounts for over 80% of revenue; by 2024 the company reported revenue of approximately CNY 877 million (a 54.07% rise from the prior year's CNY 569.16 million) while also confronting heavy losses including a reported net loss of CNY 3.60 billion in 2024, operates about 5.30 billion shares with a market capitalization near CNY 14.04 billion, and runs three core segments-water treatment, hazardous-waste disposal and all-for-one tourism-alongside landscaping, plant sales, technology development, asset management and pollution-control services that generate revenue through contracts, product sales, leasing and consulting as it seeks to convert strategic repositioning into improved operational performance and investor alignment.

Beijing Orient Landscape & Environment Co., Ltd. (002310.SZ): Intro

• Founded in 1992 as Beijing Orient Landscape Co., Ltd., initially focused on landscape design and urban greening projects.
• In January 2015 the firm formally expanded into environmental services, broadening its service mix to include waste treatment, environmental engineering and integrated urban ecological solutions.
• By the early 2020s the company pivoted aggressively into new energy businesses (solar, energy storage, EPC and O&M), with new energy accounting for over 80% of revenue in recent years.
• In December 2025 the company announced a planned name change to Beijing Orient EcoEnergy Co., Ltd., reflecting the strategic shift toward the new energy sector.

• Publicly listed on the Shenzhen Stock Exchange (002310.SZ).
• Shareholding structure includes a mix of institutional investors, management-related holdings and public float typical of mid-cap Chinese environmental & energy companies (major shareholder details published in annual filings and regulatory disclosures).

• Mission: to transform urban and industrial environments through integrated landscape, environmental and clean-energy solutions that combine engineering, operation and asset management.
• Strategic pillars: diversify revenue from landscaping to environmental engineering and new energy; scale EPC and O&M for distributed energy; win public-sector urban ecological contracts and long-term service agreements.

• Project-based engineering (EPC) - landscape, environmental and new energy construction contracts (one-off high-value revenues).
• Operations & maintenance (O&M) - recurring service fees for new energy assets (solar farms, distributed PV), municipal environmental facilities and landscape maintenance.
• Asset ownership and power generation - holding and operating new energy assets that generate electricity sales and feed-in income or contracted power supply.
• Government and SOE contracts - municipal landscaping, environmental remediation and publicly tendered energy projects provide backlog and steady project pipeline.
• Value-added services - design, consulting, lifecycle asset management, and facility leasing or BOT/PF arrangements in some projects.

• Revenue jump in 2024 (CNY 877M, +54.07% vs 2023 CNY 569.16M) reflects rapid scaling of new energy projects and greater share of high-revenue EPC and asset sales.
• Despite top-line growth, the company reported a substantial net loss of CNY 3.60 billion in 2024, signaling heavy impairment charges, financing costs, project writedowns or one-off losses tied to restructuring and rapid asset expansion.
• New energy business now constitutes the dominant revenue stream (>80%), but profitability recovery depends on project execution, deleveraging, and O&M margin conversion of installed capacity.

Beijing Orient Landscape & Environment Co., Ltd. (002310.SZ): History

• Established as a landscape and environmental services firm with municipal and commercial contracts.
• Expanded service scope into environmental engineering, maintenance, and urban greening projects.
• Strategic shift in the early 2020s toward new energy technologies and projects, culminating in a rebrand initiative.

• Listed on the Shenzhen Stock Exchange under ticker 002310.SZ.
• Insiders control a small stake (~2.53%), while institutions hold ~4.44% - indicating a dispersed free float.
• Market cap of CNY 14.04 billion versus modest revenue in 2024 underscores investor pricing tied to future growth expectations from the new-energy transition.

• Legacy businesses: municipal landscaping, environmental maintenance, and engineering contracts - recurring service revenue.
• New-energy segment: project development, EPC (engineering, procurement, construction) contracts, equipment sales/leasing, and long-term O&M (operations & maintenance) for renewable assets.
• Project finance and partner equity: leveraging joint ventures and project-level financing to scale capital-intensive renewable projects while preserving corporate liquidity.

• 2024 results show a sharp loss (CNY 1.33 billion) driven by restructuring, project investment write-downs, or early-stage new-energy deployments rather than core-service operating losses.
• Revenue of CNY 348.60 million in 2024 reflects legacy operations while the company reallocates capital toward growth sectors, pressuring short-term profitability.
• Rebranding to Beijing Orient EcoEnergy Co., Ltd. is positioned to signal the strategic direction and attract investors focused on clean energy - an important factor given the market cap relative to 2024 earnings.

Beijing Orient Landscape & Environment Co., Ltd. (002310.SZ): Ownership Structure

• Mission: Integrate nature into urban environments through sustainable landscape design, ecological restoration, and environmental governance solutions.
• Values: Environmental protection, innovation in design and technology, community engagement, and corporate social responsibility.
• Strategic shift: Expanding into new energy (rebranded as Beijing Orient EcoEnergy Co., Ltd.) to combine landscape expertise with renewable-energy projects and sustainable urban infrastructure.

• Engineering & construction: Revenue from municipal and private landscaping, park and waterfront restorations, and urban greening EPC (engineering, procurement, construction) contracts.
• Environmental governance & maintenance: Recurring income from long-term maintenance contracts, ecological remediation, and water treatment services.
• New energy projects: Development and operation of renewable-energy assets (solar/biomass-linked projects) and integration of energy-saving systems into urban greening projects.
• Design & consultancy: Fees from master planning, landscape architecture, and ecological impact assessments.

• Largest shareholders: strategic state/municipal-related investors and institutional holders (top shareholder stake ~25%).
• Public float: majority of shares held by retail and institutional investors (~60-70% combined).
• Board focus: directors with backgrounds in landscape architecture, environmental engineering and renewable energy project management to support the shift toward eco-energy.

Beijing Orient Landscape & Environment Co., Ltd. (002310.SZ): Mission and Values

• Core business segments: comprehensive treatment of water environment, disposal of industrial hazardous wastes, and "all-for-one" tourism (integrated ecological tourism and park operations).
• Research & development and production chain: plant cultivation (garden plants), sales and conservation, plus landscape design and construction.
• Commercial services: landscaping engineering, garden maintenance, sale of building materials, and supply of garden machinery & equipment.
• Technology & corporate services: technology R&D, investment and asset management, and corporate governance support.
• Pollution control services: water pollution control (municipal WWTP construction/operation), air pollution control solutions, and comprehensive solid waste management including hazardous wastes.
• Ancillary services: leasing of office buildings, engineering survey & design, surveying & mapping, and socio-economic consultancy.

• Project contracting and O&M (operation & maintenance): long-term contracts for wastewater treatment plants and ecological restoration are recurring revenue sources with multi-year service agreements.
• Hazardous waste disposal: charging per ton for collection, transport, treatment and safe disposal; fee structure often includes landfill/incineration/service surcharges and environmental monitoring.
• Landscape engineering and horticulture: one-off project revenues from urban parks, commercial developments and government landscaping tenders, supplemented by plant sales and maintenance contracts.
• Tourism & park operations: ticketing, concessions, ancillary services and property leasing at company-managed ecological tourism parks contribute to diversified cash flow and higher-margin operations during peak seasons.
• Technology & asset management: licensing, consulting, and asset-light investments/PPP models improve return on capital and spread risk across public-private projects.

• End-to-end capability: from R&D and nursery production to engineering design, construction, and long-term plant maintenance-reduces subcontractor dependency and preserves margin.
• Integrated environmental services: combines civil works (treatment plants), hazardous-waste-specific facilities (pre-treatment, stabilization, incineration, secure landfilling) and post-treatment monitoring.
• Asset-backed contracts: O&M and concession models are used to secure predictable cash flows; leasing of office buildings and tourism assets provides ancillary steady income.
• Compliance & safety focus: stringent regulatory compliance for hazardous waste handling and wastewater standards safeguards license continuity and reduces legal/operational risk.

• Water environment treatment: typically 40-50% of group revenue; recurring O&M and design-build contracts deliver steady margins (mid-to-high teens gross margin).
• Hazardous waste disposal: ~25-30% of revenue; higher per-unit margins but capital- and compliance-intensive (treatment fees charged per ton, with throughput driving utilization economics).
• All-for-one tourism & landscaping: ~20-30% combined; tourism yields seasonal margin spikes and higher EBITDA contribution in peak years; landscaping projects provide lower-margin but high-volume cash flow.

• Ownership: publicly listed on Shenzhen Stock Exchange (Ticker: 002310.SZ) with institutional and retail shareholders; board oversight emphasizes environmental compliance and long-term project contracts.
• Capital deployment: reinvestment into hazardous waste facilities, wastewater O&M contracts, and ecological-park assets; selective M&A to acquire regional treatment capacity and talent.
• Liquidity & leverage: uses a mix of project finance, bank loans and equity to fund CAPEX for treatment plants and hazardous waste facilities; long-term receivables from government contracts are managed via receivable financing when necessary.

• Regulatory risk: stricter environmental standards raise CAPEX but can increase service demand; license renewal and compliance monitoring are critical.
• Capital intensity: hazardous-waste treatment and WWTP construction require significant upfront investment with longer payback periods.
• Project concentration: dependence on municipal and industrial contracts can create revenue cyclicality tied to government spending and industrial output.

Beijing Orient Landscape & Environment Co., Ltd. (002310.SZ): How It Works

• Core business lines: environmental services (water treatment, hazardous waste disposal, pollution control), landscape design & construction, plant and equipment sales, technology & consulting, asset management and property leasing.
• Customer base: municipal governments, real-estate developers, industrial clients (for pollution control), parks & scenic area operators, and commercial tenants of owned/managed properties.
• Delivery model: EPC (engineering, procurement, construction) contracting for one-off projects + O&M (operation & maintenance) and service contracts for recurring revenue.

• Environmental services - design, construction and long-term operation of wastewater treatment, hazardous waste treatment and other pollution-control facilities; billed via project milestones and recurring service fees for O&M.
• Landscape design & construction - municipal gardens, urban green infrastructure and large-scale ecological restoration projects executed under fixed-price or cost-plus contracts.
• Product sales - wholesale/retail of garden plants, irrigation systems, machinery and landscaping equipment sold to contractors and end-customers.
• Technology & consulting - intellectual-property-driven fees and licensing, software/systems for environmental monitoring and green infrastructure advisory services.
• Asset management & leasing - revenue from leasing office buildings, managed parks and property-related management fees.

• Ticker: 002310.SZ - traded on Shenzhen Stock Exchange.
• Recent annual revenue (latest audited year): ~RMB 3.1 billion; net profit: ~RMB 150 million.
• Total assets: ~RMB 8.2 billion; shareholders' equity: ~RMB 3.4 billion.
• Operating cash flow profile: large upfront cash needs for EPC work offset by steady O&M receipts and equipment/product sales.

• Project acquisition: public tenders, municipal procurement and private developer contracts; bidding wins convert to EPC backlogs.
• Execution: internal engineering teams, subcontractors, nursery & production bases for plants and equipment; centralized project controlsmanage cost and schedule.
• Transition to O&M: many environmental projects include long-term service contracts (3-20+ years) that provide annuity-like cash flows and improve lifetime margins.
• Aftermarket & product sales: nurseries and manufacturing units supply plants, irrigation, and machinery to projects and third-party customers, providing margin diversification.

• High working-capital intensity from EPC contracts (advances, guarantees, receivables) requires bank facilities and supplier credit.
• Revenue seasonality tied to construction cycles and municipal budget timing.
• Regulatory dependence - environmental policy drives long-term demand but also imposes compliance costs and capital requirements for treatment facilities.

• Securing long-term O&M and asset-management contracts to convert one-off EPC wins into annuity revenue;
• Vertical integration (in-house plant nurseries, equipment production) to capture upstream margins;
• Technology licensing and consulting to raise high-margin service revenue;
• Prudent bid pricing and working-capital management to reduce financing costs tied to large-scale projects.

Beijing Orient Landscape & Environment Co., Ltd. (002310.SZ): How It Makes Money

• Core revenue streams: landscaping & urban greening contracts, environmental remediation & ecological restoration projects, new‑energy engineering, procurement & construction (EPC) and operation & maintenance (O&M) services, and ancillary asset management for green assets.
• Client base: municipal governments, state‑owned enterprises, property developers, industrial parks and renewable‑energy investors.
• Value proposition: one‑stop solutions that combine design, construction, long‑term maintenance, and increasingly, energy asset development and O&M.

• Design & construction contracts - upfront revenue recognition during project delivery and staged progress billing.
• Maintenance & long‑term service contracts - recurring, lower‑margin but stable cash flows from landscaping and ecological upkeep.
• New‑energy EPC and asset sales - project‑based higher‑margin revenue when delivering solar, biomass or other distributed energy assets; potential for higher lifetime returns via O&M or power‑purchase arrangements.
• Concessions and PPPs - long‑dated income streams when participating in public‑private projects for environmental infrastructure.

• Leading provider in landscaping and environmental services with a growing footprint in the new‑energy sector; listed as 002310.SZ.
• Rebranding to Beijing Orient EcoEnergy Co., Ltd. is designed to strengthen the company's identity in the new‑energy space and signal strategic focus to investors and partners.
• Diversified service portfolio enables end‑to‑end project delivery - from design to construction to long‑term operations - which supports cross‑selling and higher lifetime customer value.
• National policy tailwinds (carbon‑neutrality target by 2060, continued municipal investment in ecological civilization and renewable deployment targets for the 2020s) create structural demand for the company's offerings.

• Recent periods have seen profitability pressure for many peers in the sector due to rising input costs and tight municipal budgets; Beijing Orient has reported losses in recent reporting periods and must restore operational efficiency to return to consistent profits.
• Future performance hinges on successful execution of the new‑energy strategy, winning higher‑margin EPC projects, expanding O&M book of business, and managing working capital on large, multi‑year contracts.

• Contract backlog and new contract wins - indicate near‑term revenue visibility.
• Gross margin trends by business segment (landscaping vs. new energy EPC vs. O&M).
• Cash conversion cycle and receivables from municipal clients.
• Progress on asset ownership vs. contractor model (impacting recurring income potential).