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CITIC SEC: The price reform of water rates in Guangzhou has been implemented, and the adjustment of the pricing mechanism is expected to accelerate. It is recommended to invest in CHINA WATER and others.
CITIC SEC released a research report stating that the water price reform plan in Guangzhou will take effect on June 1. The current water price in Guangzhou has been in effect for many years, and the rising cost pressures have caused representative water supply companies in the region to suffer continuous losses. It is expected that after the price reform is implemented, there will be significant alleviation of cost pressures. Historical experience shows that price adjustments in core cities act as a catalyst for water price reform, and optimizing the water supply pricing mechanism in various cities is expected to accelerate. According to Statistics, multiple cities have recently introduced price adjustment plans, and improving the pricing mechanism will help address the long-standing issue of low returns in the domestic water supply Industry. Recommended CHINA WATER (00855) and others. CITIC SEC
BJ ENT WATER (00371) intends to issue 2025 renewable corporate Bonds.
BJ ENT WATER (00371) announced that the China Securities Regulatory Commission has approved the company's proposal to issue a total par value not exceeding RMB 1...
BJ ENT WATER: 2024 ANNUAL REPORT
Improving the pricing governance mechanism is expected to accelerate water price reform, benefiting water supply operators such as CHINA WATER (00855) and GUANGDONG INV (00270).
The General Office of the Communist Party of China and the General Office of the State Council issued the "Opinions on Improving the Price Governance Mechanism." The opinions mentioned optimizing the residents' tiered water, electricity, and gas pricing systems.
[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...
