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[Brokerage Focus] Jianyin International maintains the outperform rating for BJ ENT WATER (00371) and expects its overall revenue to remain stable or increase slightly this year.
Jinwu Financial News | Jianyin International Research pointed out that BJ ENT WATER (00371) is expected to see a 12% year-on-year decline in net income to HKD 1.7 billion in 2024, mainly due to an 18% decrease in net income in the first half of 2024. The bank indicated that the weak performance is primarily due to a 36% year-on-year decline in income from BOT Water Affairs project construction, as well as a 49% increase in other expenses. However, the revenues from the four major Businesses: Sewerage, Water Supply Operation, Technical Services, and Urban Resources grew by 6%, 3%, 4%, and 19% year-on-year, respectively. Due to changes in the income structure, the overall gross margin increased by 0.3 percentage points to 37.0% year-on-year.
BJ ENT WATER (00371) announced its annual performance with a net profit attributable to Shareholders of 1.678 billion yuan, a decrease of 11.5% year-on-year.
BJ ENT WATER (00371) announced its final results for the year ending December 31, 2024, with revenue...
BJ ENT WATER: FINAL RESULTSFOR THE YEAR ENDED 31 DECEMBER 2024
[Brokerage Focus] Zhongtai International: Shenzhen plans to raise water prices, CHINA WATER (00855) and others are expected to benefit.
Jinwu Finance News | According to a Research Report from Zhongtai International, the Shenzhen Development and Reform Commission recently announced that a hearing for adjusting the city's water supply prices will be held on April 11. According to the two proposed pricing schemes, the comprehensive price of tap water is expected to increase by 13.1% from 3.449 yuan per cubic meter to 3.8991 yuan per cubic meter (including tax). The report indicates that in recent years, tap water prices have been raised in different regions across the country, for instance, some areas in Shanghai have already implemented increases in 2024, reflecting the principles of market-oriented policies. In August 2021, the National Development and Reform Commission issued the "Regulations on the Management of Urban Water Supply Prices," establishing that water pricing will consider the operational costs of water supply companies more significantly.
Hong Kong Stock Concept Tracking | The Shenzhen Development and Reform Commission will hold a hearing on the adjustment of tap water prices. The Water Affairs Sector has long-term dividend properties (including concept stocks).
CITIC SEC stated that as the domestic Water Affairs Industry enters the stock operation cycle, capital expenditure intensity has significantly decreased. It is believed that the industry is gradually establishing a high dividend foundation, and several benchmark symbols with dividend attributes are expected to emerge.
BJ ENT WATER (00371.HK) held a Board of Directors meeting on March 26 to approve the release of the annual performance.
Gelonghui, on March 3rd, reported that BJ ENT WATER (00371.HK) announced that the Board of Directors meeting will be held on March 26, 2025 (Wednesday), to approve the issuance of the company's and its subsidiaries' annual results announcement for the year ending December 31, 2024, as well as to consider the proposal for the distribution of the final dividend (if applicable).
