Announcement • Jun 30
Beijing Originwater Technology Co., Ltd. to Report First Half, 2026 Results on Aug 25, 2026 Beijing Originwater Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 25, 2026 Reported Earnings • Apr 14
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.017 (up from CN¥0.016 in FY 2024). Revenue: CN¥7.78b (down 8.9% from FY 2024). Net income: CN¥61.0m (up 4.1% from FY 2024). Profit margin: 0.8% (up from 0.7% in FY 2024). Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 86%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Announcement • Apr 14
Beijing Originwater Technology Co., Ltd., Annual General Meeting, May 07, 2026 Beijing Originwater Technology Co., Ltd., Annual General Meeting, May 07, 2026, at 09:30 China Standard Time. Location: No. 23-2, Life Science Park Road, Haidian District, Beijing China Announcement • Mar 31
Beijing Originwater Technology Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Beijing Originwater Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Announcement • Dec 31
Beijing Originwater Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 03, 2026 Beijing Originwater Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 03, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.008 (vs CN¥0.008 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.008 (in line with 3Q 2024). Revenue: CN¥1.44b (up 11% from 3Q 2024). Net income: CN¥27.3m (down 8.0% from 3Q 2024). Profit margin: 1.9% (down from 2.3% in 3Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Beijing Originwater Technology Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Beijing Originwater Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Reported Earnings • Aug 29
Second quarter 2025 earnings released: CN¥0.046 loss per share (vs CN¥0.045 loss in 2Q 2024) Second quarter 2025 results: CN¥0.046 loss per share (further deteriorated from CN¥0.045 loss in 2Q 2024). Revenue: CN¥1.34b (down 18% from 2Q 2024). Net loss: CN¥167.0m (loss widened 1.8% from 2Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Aug 12
Consensus revenue estimates fall by 15% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥10.8b to CN¥9.24b. EPS estimate fell from CN¥0.221 to CN¥0.156 per share. Net income forecast to grow 2,286% next year vs 30% growth forecast for Commercial Services industry in China. Consensus price target broadly unchanged at CN¥6.00. Share price was steady at CN¥4.60 over the past week. Announcement • Jul 02
Beijing Originwater Technology Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Beijing Originwater Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Declared Dividend • May 22
Dividend reduced to CN¥0.004 Dividend of CN¥0.004 is 91% lower than last year. Ex-date: 27th May 2025 Payment date: 27th May 2025 Dividend yield will be 0.09%, which is lower than the industry average of 1.7%. Announcement • Apr 12
Beijing Originwater Technology Co., Ltd. Proposes Final Cash Dividend for the Year 2024 Beijing Originwater Technology Co., Ltd. announced on 11 April 2025 the profit distribution proposal for 2024 as follows: final Cash dividend/10 shares (tax included): CNY 0.04000000. Reported Earnings • Apr 11
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.016 (down from CN¥0.21 in FY 2023). Revenue: CN¥8.55b (down 4.5% from FY 2023). Net income: CN¥58.6m (down 92% from FY 2023). Profit margin: 0.7% (down from 8.5% in FY 2023). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 88%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 6% per year. Announcement • Apr 11
Beijing Originwater Technology Co., Ltd., Annual General Meeting, May 08, 2025 Beijing Originwater Technology Co., Ltd., Annual General Meeting, May 08, 2025, at 09:30 China Standard Time. Location: The Company's Meeting Room, Beijing China Announcement • Mar 31
Beijing Originwater Technology Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Beijing Originwater Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Announcement • Dec 31
Beijing Originwater Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 03, 2025 Beijing Originwater Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 03, 2025 Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥6.36, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Commercial Services industry in China. Total loss to shareholders of 9.0% over the past three years. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.008 (vs CN¥0.10 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.008 (down from CN¥0.10 in 3Q 2023). Revenue: CN¥1.30b (down 38% from 3Q 2023). Net income: CN¥29.7m (down 92% from 3Q 2023). Profit margin: 2.3% (down from 18% in 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 11% per year. New Risk • Sep 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (0.6% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.7% average weekly change). Profit margins are more than 30% lower than last year (7.4% net profit margin). Announcement • Sep 30
Beijing Originwater Technology Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Beijing Originwater Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥3.92, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Commercial Services industry in China. Total loss to shareholders of 49% over the past three years. Major Estimate Revision • Sep 03
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.303 to CN¥0.252 per share. Revenue forecast steady at CN¥10.3b. Net income forecast to grow 49% next year vs 50% growth forecast for Commercial Services industry in China. Consensus price target down from CN¥6.05 to CN¥5.80. Share price fell 16% to CN¥3.29 over the past week. Price Target Changed • Aug 29
Price target decreased by 11% to CN¥5.80 Down from CN¥6.50, the current price target is an average from 2 analysts. New target price is 69% above last closing price of CN¥3.44. Stock is down 35% over the past year. The company is forecast to post earnings per share of CN¥0.25 for next year compared to CN¥0.21 last year. Reported Earnings • Aug 28
Second quarter 2024 earnings released: CN¥0.045 loss per share (vs CN¥0.008 loss in 2Q 2023) Second quarter 2024 results: CN¥0.045 loss per share (further deteriorated from CN¥0.008 loss in 2Q 2023). Revenue: CN¥1.63b (up 2.8% from 2Q 2023). Net loss: CN¥164.0m (loss widened 495% from 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Announcement • Jun 29
Beijing Originwater Technology Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Beijing Originwater Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Declared Dividend • May 16
Dividend increased to CN¥0.043 Dividend of CN¥0.043 is 43% higher than last year. Ex-date: 21st May 2024 Payment date: 21st May 2024 Dividend yield will be 0.9%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (19% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 15
Beijing Originwater Technology Co., Ltd. Implements Final Cash Dividend for the Year 2023, Payable on May 21, 2024 Beijing Originwater Technology Co., Ltd. implemented final cash dividend of A shares of CNY 0.43000000 per 10 shares (tax included) for the year 2023. Dividend payable on May 21, 2024, record date of 20 May 2024 and ex-date of 21 May 2024. Board Change • Apr 11
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 8 new directors. 2 experienced directors. 1 highly experienced director. 2 independent directors (4 non-independent directors). Chairman of the Board Jianping Wen is the most experienced director on the board, commencing their role in 2007. Independent Director Hongtao Zhang was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Major Estimate Revision • Apr 10
Consensus EPS estimates fall by 26% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥10.5b to CN¥10.3b. EPS estimate also fell from CN¥0.338 per share to CN¥0.25 per share. Net income forecast to grow 19% next year vs 40% growth forecast for Commercial Services industry in China. Consensus price target down from CN¥6.50 to CN¥6.05. Share price fell 5.3% to CN¥4.84 over the past week. Announcement • Apr 04
Beijing Originwater Technology Co., Ltd., Annual General Meeting, Apr 24, 2024 Beijing Originwater Technology Co., Ltd., Annual General Meeting, Apr 24, 2024, at 09:30 China Standard Time. Reported Earnings • Apr 04
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.21 (up from CN¥0.20 in FY 2022). Revenue: CN¥8.95b (up 3.0% from FY 2022). Net income: CN¥764.7m (up 7.9% from FY 2022). Profit margin: 8.5% (up from 8.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 13% per year. Announcement • Mar 30
Beijing Originwater Technology Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Beijing Originwater Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥5.03, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Commercial Services industry in China. Total loss to shareholders of 30% over the past three years. Announcement • Dec 30
Beijing Originwater Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 04, 2024 Beijing Originwater Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 04, 2024 Reported Earnings • Oct 24
Third quarter 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.086 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.10 (up from CN¥0.086 in 3Q 2022). Revenue: CN¥2.09b (down 23% from 3Q 2022). Net income: CN¥377.1m (up 21% from 3Q 2022). Profit margin: 18% (up from 12% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Oct 01
Beijing Originwater Technology Co., Ltd. to Report Q3, 2023 Results on Oct 24, 2023 Beijing Originwater Technology Co., Ltd. announced that they will report Q3, 2023 results on Oct 24, 2023 Reported Earnings • Aug 25
Second quarter 2023 earnings released: CN¥0.008 loss per share (vs CN¥0.09 loss in 2Q 2022) Second quarter 2023 results: CN¥0.008 loss per share (improved from CN¥0.09 loss in 2Q 2022). Revenue: CN¥1.58b (up 93% from 2Q 2022). Net loss: CN¥27.6m (loss narrowed 92% from 2Q 2022). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Jul 01
Beijing Originwater Technology Co., Ltd. to Report First Half, 2023 Results on Aug 25, 2023 Beijing Originwater Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 25, 2023 Announcement • May 19
Beijing Originwater Technology Co., Ltd. Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 25 May 2023 Beijing Originwater Technology Co., Ltd. announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 0.30000000 for the year 2022, payable on 25 May 2023. Record date is 24 May 2023. Ex-date is 25 May 2023. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥6.33, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 20x in the Commercial Services industry in China. Total loss to shareholders of 34% over the past three years. Reported Earnings • Apr 08
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: CN¥0.20 (up from CN¥0.19 in FY 2021). Revenue: CN¥8.69b (down 9.0% from FY 2021). Net income: CN¥708.5m (up 21% from FY 2021). Profit margin: 8.2% (up from 6.1% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 28%. Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Price Target Changed • Nov 16
Price target decreased to CN¥6.00 Down from CN¥9.16, the current price target is provided by 1 analyst. New target price is 18% above last closing price of CN¥5.10. Stock is down 28% over the past year. The company is forecast to post earnings per share of CN¥0.22 for next year compared to CN¥0.19 last year. Board Change • Nov 16
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Independent Director Kaijun Wang is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.086 (vs CN¥0.015 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.086 (up from CN¥0.015 in 3Q 2021). Revenue: CN¥2.70b (up 88% from 3Q 2021). Net income: CN¥311.4m (up CN¥264.8m from 3Q 2021). Profit margin: 12% (up from 3.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 26
Second quarter 2022 earnings released: CN¥0.09 loss per share (vs CN¥0.03 profit in 2Q 2021) Second quarter 2022 results: CN¥0.09 loss per share (down from CN¥0.03 profit in 2Q 2021). Revenue: CN¥821.5m (down 74% from 2Q 2021). Net loss: CN¥327.3m (down 441% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 44%, compared to a 15% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • May 21
Beijing Originwater Technology Co., Ltd. Announces Final Dividend on A Shares for the Year 2021, Payable on May 27, 2022 Beijing Originwater Technology Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 0.26000000 on A shares for the year 2021. Record date is May 26, 2022. Ex-date is May 27, 2022. Payment date is May 27, 2022. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.01 (up from CN¥0.005 in 1Q 2021). Revenue: CN¥1.80b (up 4.5% from 1Q 2021). Net income: CN¥37.6m (up 122% from 1Q 2021). Profit margin: 2.1% (up from 1.0% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 60%. Over the next year, revenue is forecast to grow 8.2%, compared to a 13% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Price Target Changed • Apr 27
Price target decreased to CN¥8.02 Down from CN¥9.16, the current price target is an average from 2 analysts. New target price is 74% above last closing price of CN¥4.61. Stock is down 35% over the past year. The company is forecast to post earnings per share of CN¥0.31 for next year compared to CN¥0.19 last year. Board Change • Apr 27
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 3 experienced directors. 1 highly experienced director. Independent Director Yueyong Wang is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Price Target Changed • Apr 19
Price target decreased to CN¥8.02 Down from CN¥9.67, the current price target is an average from 2 analysts. New target price is 53% above last closing price of CN¥5.23. Stock is down 32% over the past year. The company is forecast to post earnings per share of CN¥0.40 for next year compared to CN¥0.19 last year. Major Estimate Revision • Apr 14
Consensus revenue estimates fall by 17% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥13.3b to CN¥11.0b. EPS estimate fell from CN¥0.60 to CN¥0.40 per share. Net income forecast to grow 151% next year vs 34% growth forecast for Commercial Services industry in China. Consensus price target down from CN¥9.67 to CN¥9.16. Share price fell 9.4% to CN¥5.40 over the past week. Reported Earnings • Apr 08
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.19 (down from CN¥0.36 in FY 2020). Revenue: CN¥9.55b (flat on FY 2020). Net income: CN¥583.8m (down 49% from FY 2020). Profit margin: 6.1% (down from 12% in FY 2020). Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 60%. Over the next year, revenue is forecast to grow 39%, compared to a 16% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Reported Earnings • Oct 22
Third quarter 2021 earnings released: EPS CN¥0.015 (vs CN¥0.02 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.43b (down 8.3% from 3Q 2020). Net income: CN¥46.6m (down 27% from 3Q 2020). Profit margin: 3.2% (down from 4.1% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥8.53, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Commercial Services industry in China. Total loss to shareholders of 7.2% over the past three years. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.03 (vs CN¥0.01 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥3.12b (up 74% from 2Q 2020). Net income: CN¥95.9m (up 197% from 2Q 2020). Profit margin: 3.1% (up from 1.8% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Price Target Changed • Jun 26
Price target increased to CN¥9.90 Up from CN¥9.23, the current price target is an average from 6 analysts. New target price is 33% above last closing price of CN¥7.45. Stock is down 9.1% over the past year. Announcement • Jun 03
Beijing Originwater Technology Co., Ltd. Announces Final Dividend for 2020, Payable on 8 June 2021 Beijing Originwater Technology Co., Ltd. announced final cash dividend/10 shares (A shares) (tax included) of CNY 0.55000000 for 2020. Record date is 7 June 2021. Ex-date is 8 June 2021. Payment date is 8 June 2021. Major Estimate Revision • Apr 30
Consensus revenue estimates fall to CN¥10.6b The consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from CN¥13.9b to CN¥10.6b. EPS estimate fell from CN¥0.58 to CN¥0.48 per share. Net income forecast to grow 72% next year vs 31% growth forecast for Commercial Services industry in China. Consensus price target broadly unchanged at CN¥9.27. Share price fell 6.9% to CN¥7.03 over the past week. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.005 (vs CN¥0.023 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥1.73b (up 18% from 1Q 2020). Net income: CN¥16.9m (down 77% from 1Q 2020). Profit margin: 1.0% (down from 5.0% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 26% per year. Major Estimate Revision • Apr 06
Consensus revenue estimates fall to CN¥12.5b The consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from CN¥15.6b to CN¥12.5b. EPS estimate fell from CN¥0.63 to CN¥0.54 per share. Net income forecast to grow 56% next year vs 27% growth forecast for Commercial Services industry in China. Consensus price target down from CN¥9.91 to CN¥9.42. Share price rose 2.9% to CN¥7.78 over the past week. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥0.36 (vs CN¥0.45 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥9.62b (down 22% from FY 2019). Net income: CN¥1.14b (down 17% from FY 2019). Profit margin: 12% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • Mar 19
Beijing Originwater Technology Co., Ltd. Announces Management Appointments Beijing Originwater Technology Co., Ltd. at its EGM held on March 16, 2021 approved the election and nomination of non independent directors of Liu Tao, Kong Weijian, Liu Xiaodan. The company also approved the election and nomination of independent directors of Wang Kaijun and Fu Tao and also approved the election and nomination of supervisors of Li Jie and Zeng Guangfeng. Announcement • Mar 09
Beijing Originwater Technology Co., Ltd. to Report Fiscal Year 2020 Results on Apr 20, 2021 Beijing Originwater Technology Co., Ltd. announced that they will report fiscal year 2020 results on Apr 20, 2021 Is New 90 Day High Low • Dec 24
New 90-day low: CN¥7.66 The company is down 13% from its price of CN¥8.80 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.02 per share. Analyst Estimate Surprise Post Earnings • Oct 28
Annual earnings released: Earnings miss expectations Earnings per share (EPS) missed analyst estimates by 85% at CN¥0.02. Revenue is forecast to grow 54% over the next year, compared to a 27% growth forecast for the Commercial Services industry in China. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥1.19b, up 14% from the prior year. Total revenue was CN¥9.96b over the last 12 months, down 21% from the prior year. Is New 90 Day High Low • Oct 21
New 90-day low: CN¥8.45 The company is down 9.0% from its price of CN¥9.28 on 23 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.99 per share. Announcement • Oct 20
Beijing Originwater Technology Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020 Beijing Originwater Technology Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020 Announcement • Sep 17
Beijing Originwater Technology Co., Ltd. announced that it expects to receive CNY 3.7 billion in funding from China Urban and Rural Holding Group Co., Ltd. Beijing Originwater Technology Co., Ltd. (SZSE:300070) announced a private placement of common shares for gross proceeds of 3,700 million on March 11, 2020. The transaction was approved at the 38th meeting of the 4th directorate of the company.
On March 18, 2020, the transaction was approved by China Communications Construction Group (Limited) Announcement • Jul 23
Beijing Originwater Technology Co., Ltd. to Report First Half, 2020 Results on Aug 18, 2020 Beijing Originwater Technology Co., Ltd. announced that they will report first half, 2020 results on Aug 18, 2020