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CHINA WATER: INTERIM REPORT 2024/25
The Three-year Shareholder Returns and Company Earnings Persist Lower as China Water Affairs Group (HKG:855) Stock Falls a Further 5.9% in Past Week
Hong Kong stock concept tracking | More than 20 cities have launched the tap water price adjustment program. Institutions are bullish on the growth attributes of the water affairs sector (with related concept stocks).
Accelerating the reform of water supply and drainage prices will release the demand for price adjustment and streamline the mechanism.
[Brokerage Focus] Soochow maintains a "buy" rating on China Water (00855), stating that the company's financing costs will reach a bullish inflection point.
Jingu Financial News | Soochow Securities issued a research report, China Water (00855) announced its interim financial performance for the 2025 fiscal year, achieving total revenue of 5.953 billion Hong Kong dollars, a year-on-year decrease of -13.0%, with a net income attributable to the mother of 0.756 billion Hong Kong dollars, a year-on-year decrease of -8.5%. The interim dividend per share is 13 Hong Kong cents, flat year-on-year. The bank pointed out that the decline in the company's revenue in FY25H1 is mainly due to the peak period of project construction being over, resulting in a decrease in revenue from various sectors, with capital expenditures simultaneously approaching a turning point downwards. The optimization of profit structure has improved profits, with the sales gross margin for FY25H1 at 38.4%, an increase of +1.5 percentage points compared to the same period last year. By department, 1
Hong Kong stock market anomaly | China Water (00855) rose nearly 5%, institutions pointed out that the mid-term performance exceeded expectations, bullish on continuous growth of water supply operation revenue.
china water (00855) rose nearly 5%, as of press time, up 4.74% to HKD 4.64, with a turnover of 18.1446 million Hong Kong dollars.
[Brokerage Focus] Citi International raises target price for China Water (00855) by 2.1%, citing better-than-expected mid-term performance.
Jingwu Financial News | Zhongtai International's research report indicates that china water (00855) has mid-term performance in FY25 that exceeds expectations. Although the company's optimized development pace resulted in a 35.7% year-on-year decline in (non-cash flow) construction revenue to 2.17 billion yuan (Hong Kong dollars, the same below), operation revenue increased by 16.6% year-on-year to 2.24 billion yuan. Gross margin also increased by 1.5 percentage points year-on-year to 38.4%. Ultimately, the net income for shareholders in the first half of the year fell by only 8.5% year-on-year to 0.76 billion yuan. The report mentioned that 1) water supply sales volume increased by 6.5% year-on-year to 0.72 billion tons, and water supply operation revenue grew by 6.8% year-on-year.
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