Within the first half year 2012, ZhongDe Waste Technology AG ("ZhongDe", "the Company", Ticker symbol "ZEF") was faced project delays which adversely affected the H1 results of the Company. The revenues of ZhongDe decreased to EUR 4.9 million (H1 2011: EUR 7.0 million) and gross profit amounted to EUR 0.4 million (H1 2011: EUR 1.5 million). However, ZhongDe still disposes of a strong cash position of EUR 106.7 million and an equity ratio of 60% as of June 30, 2012, providing the Company with the necessary financial resources for future investments and project finance. Also the order backlog still amounts
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