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[Brokerage Focus] gtja maintains a "shareholding" rating for china water (00855), highlighting the important contribution of the pipeline direct drinking water business to performance growth.
Golden Wisdom Financial News | gtja issued research reports, stating that the declining installation, maintenance, and construction business of china water (00855) is impacting the company's FY2024 performance. 1) In FY2024, the company achieved an income of 12.859 billion Hong Kong dollars, a year-on-year decrease of 9%; net income attributable to owners was 1.534 billion Hong Kong dollars, a year-on-year decrease of 17%. 2) The company continues to drive its strategy of dual-wheel propulsion for water supply and pipeline direct drinking water, with profit decline mainly due to the decline in installation, maintenance, and construction projects of urban water supply and eco-friendly concept business, as well as the depreciation of the RMB. 3) In terms of urban water supply business, the company achieved an income of 8.276 billion Hong Kong dollars, a year-on-year decrease of 5%.
Industry Trends: Inter-provincial electrical utilities spot market officially in operation; pilot implementation of water resource fee reform to be fully implemented.
Inter-provincial electrical utilities spot market officially started running on October 15th, the inter-provincial electrical utilities spot market transitioned to official operation, further expanding the scope of china power marketized trade. The spot market, medium and long-term market, and auxiliary services market are the basic functional modules of the electrical utilities market. In terms of time division, transactions longer than a day are referred to as medium and long-term electrical utilities trade, while transactions within the current day and the previous day are referred to as electrical utilities spot trade. The transition of the inter-provincial electrical utilities spot market into official operation will better promote the integration of new energy funds. During the trial operation period in the first 8 months of this year, the utilization rate of new energy increased by 1 percentage point through the inter-provincial spot market. Source: CCTV news water resource fee
Hong Kong concept tracking | The "Implementation Measures for Pilot Implementation of Water Resource Tax Reform" are released, benefiting the water sector with the implementation of debt conversion (including concept stocks)
The Ministry of Finance and two other departments: implementing a quantity-based levy for water resources tax, determining the tax amount for groundwater based on high quantity.
China Water (00855.HK) spent 0.6162 million Hong Kong dollars on repurchasing 0.12 million shares on October 8th.
China Water (00855.HK) announced on October 8 that it will spend 0.6162 million Hong Kong dollars to repurchase 0.12 million shares on October 8, 2024, at a repurchase price of 5.11-5.17 Hong Kong dollars per share.
Have Insiders Sold China Water Affairs Group Shares Recently?
Hong Kong stock market anomaly | china water (00855) rose more than 5% in the afternoon, with a cumulative increase of more than 10% in the stock price on the 4th day.
China Water (00855) has recently continued to rise, with an increase of over 5% in the afternoon. In the past four trading days, the stock has accumulated a growth of over 12%.
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