Youlong is the leading the way in Construction Waste Management (CWM)
Youlong Eco-Materials Limited (NasdaqCM: YECO) is a eco-friendly building products and construction waste management (CWM) company. It is now one of the leading CWM companies in Henan Province, offering local and provincial governments a cost-effective and technically advanced solution to manage and reduction construction waste as well as pollution.
Youlong has also signed several multi-million-dollar SWM long-term contracts, which will provide continued growth for the company.
For the first nine months of fiscal 2016, the company reported a 10.4% increase in revenue, reaching a record revenue of $37.1 million. This is a 32.5% increase in net income to $8.2 million.
Fiscal 2016 Q4, the company expects the CWM segment to continue to grow and represent over 15% of Yulong’s total revenue, while the their brick and cement businesses are expected to remain stable.