Sound Environmental Resources Co Ltd
SHE:000826 ISIN:CNE000000BX6
Sound Environmental Resources Co Ltd (SHE:000826) is a China-based company engaged in the urban water supply, waste water treatment, solid waste treatment and recycle, as well as projects contract construction service business. The Company operates its businesses through solid waste treatment projects municipal engineering services, installation and technical consulting support of solid waste treatment systems, waste water treatment and tap water supply, among others. The Company operates its businesses primarily in domestic markets, with central China as its main markets. It established two wholly owned subsidiaries in Beijing and Yichang respectively, on May 13 and May 22, 2014. On May 30, 2014, it sold stake in 22 subsidiaries to a wholly owned subsidiary.
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The China CleanTech Index recorded a 12.2% loss in July 2015 underperforming three its global benchmarks. The losses have been driven by the steep plunge across the board on the Shanghai Stock Exchange.
The China CleanTech Index rose from 64.25 to 74.57 over the month of April recording a 16.1% gain. This compared to the NEX gain of 5.1%, the CTIUS gain of 1.1%, the Shanghai Composite gain of 18.5% and the MSCI gain of 2.2%.
The China CleanTech Index outperformed all of its four benchmarks for the month of March 2015 and recorded a huge gain of 16.2%. This was driven by both strong gains across all Chinese stocks and the positive government sentiment towards environmental initiatives expressed at the National People's Congress.
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