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Nature of business and organization
12 Months Ended
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Nature of business and organization

Note 1– Nature of business and organization

 

CDT Environmental Technology Investment Holdings Limited (“CDT Cayman” or the “Company”) is a holding company incorporated on November 28, 2016, under the laws of the Cayman Islands. The Company has no substantive operations other than holding all of the outstanding equity of Chao Qiang Holdings Limited (“CQ BVI”) established under the laws of the British Virgin Islands on December 14, 2015 and all of the outstanding equity of CDT Environmental Technology Group Limited (“CDT BVI”) established under the laws of the British Virgin Islands on June 26, 2015.

 

CQ BVI is a holding company holding all of the outstanding equity of Ultra Leader Investments Limited (“Ultra HK”) which was established in Hong Kong on February 27, 2015. Ultra HK is a holding company holding 15% of the outstanding equity of Shenzhen CDT Environmental Technology Co., Ltd. (“Shenzhen CDT”) which was established on August 27, 2012 under the laws of the People’s Republic of China (“PRC” or “China”).

 

CDT BVI is a holding company holding all of the outstanding equity of CDT Environmental Technology (Hong Kong) Limited (“CDT HK”) which was established in Hong Kong on July 30, 2015. CDT HK is also a holding company holding 85% of the outstanding equity of Shenzhen CDT. The Company, through Ultra HK and CDT HK, holds 100% of the outstanding equity of Shenzhen CDT.

 

The Company, through its wholly owned subsidiary, Shenzhen CDT, and its subsidiaries, engages in developing, producing, selling and installing sewage treatment systems and providing sewage treatment services. The Company focuses on the harmless treatment of municipal and rural cesspool, pipe dredging, treatment of inland river sludge and rural sewage treatment, and providing one-stop solutions.

 

The accompanying consolidated financial statements reflect the activities of CDT Cayman and each of the following entities as of December 31, 2024:

 

       
Name   Background   Ownership
Chao Qiang Holdings Limited (“CQ BVI”)  

A British Virgin Islands company

 

Incorporated on December 14, 2015

 

A holding company

  100% owned by CDT Cayman
CDT Environmental Technology Group Limited (“CDT BVI”)  

A British Virgin Islands company

 

Incorporated on June 26, 2015

 

A holding company

  100% owned by CDT Cayman
Ultra Leader Investments Limited (“Ultra HK”)  

A Hong Kong company

 

Incorporated on February 27, 2015

 

A holding company

  100% owned by CQ BVI
 CDT Environmental Technology (Hong Kong) Limited (“CDT HK”)  

A Hong Kong company

 

Incorporated on July 30, 2015

 

A holding company

  100% owned by CDT BVI

Shenzhen CDT Environmental Technology Co., Ltd.

 

(“Shenzhen CDT”)

 

A PRC limited liability company

 

Incorporated on August 27, 2012

 

Registered capital of RMB 60,000,000

 

Developing, producing, selling and installing sewage treatment systems and providing sewage treatment services

  100% collectively owned by Ultra HK (15%) and CDT HK (85%)

 

Beijing CDT Environmental Technology Co., Ltd.

 

(“BJ CDT”)

 

A PRC limited liability company

 

Incorporated on April 25, 2016

 

Registered capital of RMB 20,000,000

 

Providing sewage treatment services

  100% owned by Shenzhen CDT

Fuzhou LSY Environmental Technology Co., Ltd.

 

(“FJ LSY”)

 

A PRC limited liability company

 

Incorporated on March 13, 2015

 

Registered capital of RMB 5,000,000

 

Providing sewage treatment services

  51% owned by Shenzhen CDT

 

Tianjin CDT Environmental Technology Co., Ltd.

 

(“TJ CDT”)

 

A PRC limited liability company

 

Incorporated on October 22, 2014

 

Registered capital of RMB 10,000,000

 

Providing sewage treatment services

  100% owned by Shenzhen CDT

Chengde CDT Environmental Technology Co., Ltd.

 

(“CD CDT”)

 

A PRC limited liability company

 

Incorporated on March 26, 2015

 

Registered capital of RMB 5,000,000

 

Providing sewage treatment services

  51% owned by Shenzhen CDT

Beijing Innovation CDT Environmental Technology Co., Ltd.

 

(“BJ CX CDT”)

 

A PRC limited liability company

 

Incorporated on September 7, 2016

 

Registered capital of RMB 5,000,000

 

Providing sewage treatment services

  51% owned by Shenzhen CDT

Baoding CDT Environmental Technology Co., Ltd.

 

(“BD CDT”)

 

A PRC limited liability company

 

Incorporated on October 21, 2015

 

Registered capital of RMB 5,000,000

 

Providing sewage treatment services

  51% owned by Shenzhen CDT

Hengshui CDT Environmental Technology Co., Ltd.

 

(“HS CDT”)

 

A PRC limited liability company

 

Incorporated on May 18, 2015

 

Registered capital of RMB 3,000,000

 

Providing sewage treatment services

  51% owned by Shenzhen CDT

Guangxi CWT Environmental Technology Co., Ltd.

 

(“GX CDT”) (2)

 

A PRC limited liability company

 

Incorporated on January 29, 2016

 

Registered capital of RMB 5,000,000

 

Providing sewage treatment services

  51% owned by Shenzhen CDT

Huzhou CDT Environmental Technology Co., Ltd.

 

(“HZ CDT”)

 

A PRC limited liability company

 

Incorporated on February 6, 2015

 

Registered capital of RMB 5,000,000

 

Providing sewage treatment services

  51% owned by Shenzhen CDT

Hohhot CDT Environmental Technology Co., Ltd.

 

(“HHHT CDT”)

 

 

 

A PRC limited liability company

 

Incorporated on February 11, 2015

 

Registered capital of RMB 5,000,000

 

Providing sewage treatment services

  51% owned by Shenzhen CDT

Taiyuan CDT Environmental Technology Co., Ltd.

 

(“TY CDT”) (3)

 

A PRC limited liability company

 

Incorporated on March 23, 2015

 

Registered capital of RMB 5,000,000

 

Providing sewage treatment services

  51% owned by Shenzhen CDT

Xiamen YDT Environmental Technology Co., Ltd.

 

(“XM YDT”) (1)

 

A PRC limited liability company

 

Incorporated on April 9, 2015

 

Registered capital of RMB 5,000,000

 

Providing sewage treatment services

  51% owned by Shenzhen CDT

 

(1) In January 2022, the Company disposed of its entire 51% ownership in XM YDT and transferred its ownership to a third party for consideration of approximately $5,000. The disposal of XM YDT did not have a material impact on the Company’s consolidated financial statements.

 

(2) In March 2024, the Company disposed of its entire 51% ownership in GX CDT and transferred its ownership to Chun’E Zhao, the legal representative of GX CDT for consideration of RMB 500. The disposal of GX CDT did not have a material impact on the Company’s consolidated financial statements. 

 

(3) In June 2024, the Company disposed of its entire 51% ownership in TY CDT and transferred its ownership to a third party for consideration of RMB 1,000. The disposal of TY CDT did not have a material impact on the Company’s consolidated financial statements.