Announcement • May 18
Heilongjiang Interchina Water Treatment Co.,Ltd, Annual General Meeting, Jun 05, 2026 Heilongjiang Interchina Water Treatment Co.,Ltd, Annual General Meeting, Jun 05, 2026, at 14:30 China Standard Time. Location: 1F, Building 5, No. 79, Puxiang Road, Zhujiajiao, Qingpu District, Shanghai China Announcement • May 16
Heilongjiang Interchina Water Treatment Co.,Ltd (SHSE:600187) announces an Equity Buyback for CNY 25 million worth of its shares. Heilongjiang Interchina Water Treatment Co.,Ltd (SHSE:600187) announces a share repurchase program. Under the program, the company will repurchase up to CNY 25 million worth of its common stock. The shares will be repurchased at a price of CNY 2.50 per share. The shares will be repurchased from own funds. The purpose of the program is ESOP or equity incentives. The program is subject to shareholders approval to be held on June 1, 2026. The program will be valid for 12 months from the date of shareholders approval. Reported Earnings • Apr 30
Full year 2025 earnings released: CN¥0.13 loss per share (vs CN¥0.027 profit in FY 2024) Full year 2025 results: CN¥0.13 loss per share (down from CN¥0.027 profit in FY 2024). Revenue: CN¥222.8m (up 24% from FY 2024). Net loss: CN¥214.9m (down CN¥258.5m from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Mar 30
Heilongjiang Interchina Water Treatment Co.,Ltd to Report Q1, 2026 Results on Apr 30, 2026 Heilongjiang Interchina Water Treatment Co.,Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 26
Heilongjiang Interchina Water Treatment Co.,Ltd to Report Fiscal Year 2025 Results on Apr 24, 2026 Heilongjiang Interchina Water Treatment Co.,Ltd announced that they will report fiscal year 2025 results on Apr 24, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.001 (vs CN¥0.002 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.001 (down from CN¥0.002 in 3Q 2024). Revenue: CN¥55.3m (up 39% from 3Q 2024). Net income: CN¥2.18m (down 43% from 3Q 2024). Profit margin: 3.9% (down from 9.6% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Heilongjiang Interchina Water Treatment Co.,Ltd to Report Q3, 2025 Results on Oct 31, 2025 Heilongjiang Interchina Water Treatment Co.,Ltd announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jun 30
Heilongjiang Interchina Water Treatment Co.,Ltd to Report First Half, 2025 Results on Aug 29, 2025 Heilongjiang Interchina Water Treatment Co.,Ltd announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • May 16
Heilongjiang Interchina Water Treatment Co.,Ltd, Annual General Meeting, Jun 06, 2025 Heilongjiang Interchina Water Treatment Co.,Ltd, Annual General Meeting, Jun 06, 2025, at 14:30 China Standard Time. Location: 1F, Building 5, No. 79, Puxiang Road, Zhujiajiao, Qingpu District, Shanghai China New Risk • May 15
New major risk - Revenue and earnings growth Earnings have declined by 7.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.9% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.6% average weekly change). New Risk • May 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 45% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Reported Earnings • Apr 30
Full year 2024 earnings released: EPS: CN¥0.027 (vs CN¥0.019 in FY 2023) Full year 2024 results: EPS: CN¥0.027 (up from CN¥0.019 in FY 2023). Revenue: CN¥179.2m (down 21% from FY 2023). Net income: CN¥43.6m (up 44% from FY 2023). Profit margin: 24% (up from 13% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Mar 28
Heilongjiang Interchina Water Treatment Co.,Ltd to Report Q1, 2025 Results on Apr 30, 2025 Heilongjiang Interchina Water Treatment Co.,Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 New Risk • Feb 26
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 8.2% 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 Earnings have declined by 19% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). Announcement • Dec 27
Heilongjiang Interchina Water Treatment Co.,Ltd to Report Fiscal Year 2024 Results on Apr 22, 2025 Heilongjiang Interchina Water Treatment Co.,Ltd announced that they will report fiscal year 2024 results on Apr 22, 2025 Announcement • Sep 30
Heilongjiang Interchina Water Treatment Co.,Ltd to Report Q3, 2024 Results on Oct 30, 2024 Heilongjiang Interchina Water Treatment Co.,Ltd announced that they will report Q3, 2024 results on Oct 30, 2024 New Risk • Jul 18
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 7.3% 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 Earnings have declined by 26% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥1.67, the stock trades at a trailing P/E ratio of 55.2x. Average trailing P/E is 18x in the Water Utilities industry in China. Total loss to shareholders of 27% over the past three years. Announcement • Jun 28
Heilongjiang Interchina Water Treatment Co.,Ltd to Report First Half, 2024 Results on Aug 23, 2024 Heilongjiang Interchina Water Treatment Co.,Ltd announced that they will report first half, 2024 results on Aug 23, 2024 Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥1.39, the stock trades at a trailing P/E ratio of 45.9x. Average trailing P/E is 18x in the Water Utilities industry in China. Total loss to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥1.82, the stock trades at a trailing P/E ratio of 60.1x. Average trailing P/E is 19x in the Water Utilities industry in China. Total loss to shareholders of 23% over the past three years. Announcement • Jun 02
Heilongjiang Interchina Water Treatment Co.,Ltd, Annual General Meeting, Jun 27, 2024 Heilongjiang Interchina Water Treatment Co.,Ltd, Annual General Meeting, Jun 27, 2024, at 14:30 China Standard Time. Location: 1F, Building 5, No. 79, Puxiang Road, Zhujiajiao, Qingpu District, Shanghai China Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.001 (vs CN¥0.01 loss in 1Q 2023) First quarter 2024 results: EPS: CN¥0.001 (up from CN¥0.01 loss in 1Q 2023). Revenue: CN¥42.9m (down 35% from 1Q 2023). Net income: CN¥1.97m (up CN¥18.8m from 1Q 2023). Profit margin: 4.6% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Mar 29
Heilongjiang Interchina Water Treatment Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024 Heilongjiang Interchina Water Treatment Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Dec 29
Heilongjiang Interchina Water Treatment Co.,Ltd to Report Fiscal Year 2023 Results on Apr 19, 2024 Heilongjiang Interchina Water Treatment Co.,Ltd announced that they will report fiscal year 2023 results on Apr 19, 2024 Announcement • Sep 30
Heilongjiang Interchina Water Treatment Co.,Ltd to Report Q3, 2023 Results on Oct 28, 2023 Heilongjiang Interchina Water Treatment Co.,Ltd announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 28, 2023 Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Frank Li was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: CN¥0.005 loss per share (up from CN¥0.007 loss in 1Q 2021). Revenue: CN¥81.4m (down 13% from 1Q 2021). Net loss: CN¥8.50m (loss narrowed 21% from 1Q 2021). Revenue missed analyst estimates by 27%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Frank Li was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Mar 01
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Frank Li was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.002 (vs CN¥0.005 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥93.2m (up 23% from 3Q 2020). Net income: CN¥2.54m (down 68% from 3Q 2020). Profit margin: 2.7% (down from 11% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 3% per year. Reported Earnings • Apr 25
Full year 2020 earnings released: EPS CN¥0.019 (vs CN¥0.012 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥379.1m (down 30% from FY 2019). Net income: CN¥30.5m (up 55% from FY 2019). Profit margin: 8.1% (up from 3.7% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 27
New 90-day low: CN¥2.28 The company is down 5.0% from its price of CN¥2.39 on 29 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Water Utilities industry, which is down 13% over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: CN¥2.39 The company is down 1.0% from its price of CN¥2.41 on 31 July 2020. The Chinese market is also down 1.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Water Utilities industry, which is down 4.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥29.6m, up 8.8% from the prior year. Total revenue was CN¥467.4m over the last 12 months, up 1.2% from the prior year. Announcement • Oct 15
Xiangtan Jiuhua Economic Construction Investment Company Limited cancelled the acquisition of remaining 81.8% stake in Xiangtan Interchina Water Treatment Co., Ltd. from Heilongjiang Interchina Watertreatment Co., Ltd. (SHSE:600187). Xiangtan Jiuhua Economic Construction Investment Company Limited agreed to acquire remaining 81.8% stake in Xiangtan Interchina Water Treatment Co., Ltd. from Heilongjiang Interchina Watertreatment Co., Ltd. (SHSE:600187) for approximately CNY 330 million on October 14, 2019. Xiangtan Jiuhua Economic Construction Investment Company Limited plans to sign the share transfer agreement. Prior to the transaction, Xiangtan Jiuhua Economic Construction Investment Company Limited held 18.2% stake in Xiangtan Interchina Water Treatment Co., Ltd. In a related transaction, Xiangtan Jiuhua Economic Construction Investment Company Limited agreed to acquire 75.8% stake Xiangtan Interchina Sewage Treatment Co., Ltd. from Heilongjiang Interchina Watertreatment Co., Ltd. for CNY 93.6 million. Xiangtan Interchina Water Treatment Co., Ltd. reported total assets of CNY 359.01 million and net assets of CNY 285.8 million as at December 31, 2018. Xiangtan Interchina Water Treatment Co., Ltd. reported revenues of CNY 14.75 million and net loss of CNY 17.38 million in 2018. The transaction has been approved by Board of Directors of Heilongjiang Interchina Watertreatment Co., Ltd. on October 14, 2019 and does not need the shareholders’ approval.
Xiangtan Jiuhua Economic Construction Investment Company Limited cancelled the acquisition of remaining 81.8% stake in Xiangtan Interchina Water Treatment Co., Ltd. from Heilongjiang Interchina Watertreatment Co., Ltd. (SHSE:600187) on October 14, 2020. Announcement • Jul 09
Heilongjiang Interchina Water Treatment Co.,Ltd. to Report First Half, 2020 Results on Aug 22, 2020 Heilongjiang Interchina Water Treatment Co.,Ltd. announced that they will report first half, 2020 results on Aug 22, 2020 