China Everbright Water H1 net profit slips 3% to HK$563.8 million on revenue decline
[SINGAPORE] Dual-listed China Everbright Water on Tuesday (Aug 12) posted net profit of HK$563.8 million (S$92.4 million) for the six months ended Jun 30, a decline of 3 per cent from HK$581.1 million in the year-ago period.
The company declared an interim dividend of HK$0.0609 per ordinary share, unchanged from the interim dividend it declared for H1 2024.
Its earnings per share (EPS) stood at HK$0.1971, down 3 per cent from an EPS of HK$0.2031 previously.
For the half year, the water environmental management company’s revenue stood at HK$3.3 billion, 2 per cent lower than HK$3.4 billion in H1 2024.
The top-line decline was driven in part by lower contributions from its construction service segment, which posted lower revenue at HK$1.2 billion, compared with HK$1.4 billion previously. This was partly offset by higher operation income, which rose to HK$1.5 billion from HK$1.3 billion. Finance income dropped slightly to HK$558.8 million, from HK$564.3 million.
Gross profit margin rose by 4 percentage points on the year to 42 per cent, from 38 per cent. Gross profit was up 8 per cent at HK$1.4 billion, from HK$1.3 billion previously.
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Earnings before interest, taxes, depreciation and amortisation stood at HK$1.2 billion, largely unchanged from the same period last year.
In H1 2025, the company secured several asset-light projects and service contracts, amounting to a contract value of around 60 million yuan (S$10.7 million).
As at Jun 30, it had investments in and held 170 environmental projection projects, with a total investment of around 31.6 billion yuan.
The company noted that it had faced industry pressures and challenges, amid a “volatile market environment”, for the six-month period.
It added that it continued to realign its business strategy in H1 2025, and made progress in traditional and emerging business areas as well as asset-light and asset-heavy business models, while expanding its business within and outside mainland China.
Shares of China Everbright Water were trading at S$0.26, up 2 per cent or S$0.005, as at the midday trading break on Tuesday.
