Qian Jiang Water Resources DevelopmentLtd（600283）株式概要銭江水資源開発有限公司は、その子会社とともに、中国で水道水を生産・供給している。 詳細600283 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績1/6財務の健全性1/6配当金4/6報酬株価収益率（ 23 x） CN市場（ 45.7 x）を下回っています。リスク分析負債は営業キャッシュフローで十分にカバーされていない 財務結果に影響を与える大きな一時的項目 3.05%の配当はフリーキャッシュフローで十分にカバーされていない すべてのリスクチェックを見る600283 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueCN¥Current PriceCN¥8.2124.3% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-44m5b2016201920222025202620282031Revenue CN¥4.7bEarnings CN¥362.4mAdvancedSet Fair ValueView all narrativesQian Jiang Water Resources Development Co.,Ltd 競合他社Wuhan Sanzhen Industry HoldingLtdSymbol: SHSE:600168Market cap: CN¥4.4bKingfore Energy GroupSymbol: SZSE:001210Market cap: CN¥5.6bJiangsu Jiangnan WaterSymbol: SHSE:601199Market cap: CN¥5.3bGuangxi Nanning Waterworks GroupSymbol: SHSE:601368Market cap: CN¥3.8b価格と性能株価の高値、安値、推移の概要Qian Jiang Water Resources DevelopmentLtd過去の株価現在の株価CN¥8.2152週高値CN¥10.6652週安値CN¥8.18ベータ0.401ヶ月の変化-11.05%3ヶ月変化-14.48%1年変化-19.98%3年間の変化-20.07%5年間の変化3.36%IPOからの変化-6.93%最新ニュースNew Risk • Apr 25New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 25% 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: Major Risk Debt is not well covered by operating cash flow (8.4% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.Reported Earnings • Apr 17Full year 2025 earnings released: EPS: CN¥0.43 (vs CN¥0.43 in FY 2024)Full year 2025 results: EPS: CN¥0.43 (in line with FY 2024). Revenue: CN¥2.55b (up 10.0% from FY 2024). Net income: CN¥216.1m (flat on FY 2024). Profit margin: 8.5% (down from 9.3% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 1% per year.お知らせ • Apr 16Qian Jiang Water Resources Development Co.,Ltd, Annual General Meeting, May 12, 2026Qian Jiang Water Resources Development Co.,Ltd, Annual General Meeting, May 12, 2026, at 09:30 China Standard Time. Location: No. 3, Santaishan Road, Hangzhou, Zhejiang Chinaお知らせ • Mar 30Qian Jiang Water Resources Development Co.,Ltd to Report Q1, 2026 Results on Apr 29, 2026Qian Jiang Water Resources Development Co.,Ltd announced that they will report Q1, 2026 results on Apr 29, 2026お知らせ • Dec 26Qian Jiang Water Resources Development Co.,Ltd to Report Fiscal Year 2025 Results on Apr 16, 2026Qian Jiang Water Resources Development Co.,Ltd announced that they will report fiscal year 2025 results on Apr 16, 2026New Risk • Nov 13New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 119% The company is paying a dividend despite having no free cash flows. Dividend yield: 2.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 119% Paying a dividend despite having no free cash flows. Minor Risk Large one-off items impacting financial results.最新情報をもっと見るRecent updatesNew Risk • Apr 25New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 25% 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: Major Risk Debt is not well covered by operating cash flow (8.4% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.Reported Earnings • Apr 17Full year 2025 earnings released: EPS: CN¥0.43 (vs CN¥0.43 in FY 2024)Full year 2025 results: EPS: CN¥0.43 (in line with FY 2024). Revenue: CN¥2.55b (up 10.0% from FY 2024). Net income: CN¥216.1m (flat on FY 2024). Profit margin: 8.5% (down from 9.3% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 1% per year.お知らせ • Apr 16Qian Jiang Water Resources Development Co.,Ltd, Annual General Meeting, May 12, 2026Qian Jiang Water Resources Development Co.,Ltd, Annual General Meeting, May 12, 2026, at 09:30 China Standard Time. Location: No. 3, Santaishan Road, Hangzhou, Zhejiang Chinaお知らせ • Mar 30Qian Jiang Water Resources Development Co.,Ltd to Report Q1, 2026 Results on Apr 29, 2026Qian Jiang Water Resources Development Co.,Ltd announced that they will report Q1, 2026 results on Apr 29, 2026お知らせ • Dec 26Qian Jiang Water Resources Development Co.,Ltd to Report Fiscal Year 2025 Results on Apr 16, 2026Qian Jiang Water Resources Development Co.,Ltd announced that they will report fiscal year 2025 results on Apr 16, 2026New Risk • Nov 13New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 119% The company is paying a dividend despite having no free cash flows. Dividend yield: 2.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 119% Paying a dividend despite having no free cash flows. Minor Risk Large one-off items impacting financial results.Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.16 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.14 (down from CN¥0.16 in 3Q 2024). Revenue: CN¥626.3m (up 14% from 3Q 2024). Net income: CN¥78.1m (down 2.8% from 3Q 2024). Profit margin: 13% (down from 15% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.お知らせ • Sep 30Qian Jiang Water Resources Development Co.,Ltd to Report Q3, 2025 Results on Oct 31, 2025Qian Jiang Water Resources Development Co.,Ltd announced that they will report Q3, 2025 results on Oct 31, 2025お知らせ • Jun 30Qian Jiang Water Resources Development Co.,Ltd to Report First Half, 2025 Results on Aug 29, 2025Qian Jiang Water Resources Development Co.,Ltd announced that they will report first half, 2025 results on Aug 29, 2025Board Change • May 14High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. Independent Director Jianguo Du 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.New Risk • Apr 21New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% 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: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.Reported Earnings • Apr 17Full year 2024 earnings released: EPS: CN¥0.43 (vs CN¥0.42 in FY 2023)Full year 2024 results: EPS: CN¥0.43 (up from CN¥0.42 in FY 2023). Revenue: CN¥2.32b (up 4.5% from FY 2023). Net income: CN¥215.2m (up 4.7% from FY 2023). Profit margin: 9.3% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 17Qian Jiang Water Resources Development Co.,Ltd, Annual General Meeting, May 13, 2025Qian Jiang Water Resources Development Co.,Ltd, Annual General Meeting, May 13, 2025, at 09:30 China Standard Time. Location: No. 3, Santaishan Road, Hangzhou, Zhejiang Chinaお知らせ • Mar 28Qian Jiang Water Resources Development Co.,Ltd to Report Q1, 2025 Results on Apr 29, 2025Qian Jiang Water Resources Development Co.,Ltd announced that they will report Q1, 2025 results on Apr 29, 2025お知らせ • Dec 27Qian Jiang Water Resources Development Co.,Ltd to Report Fiscal Year 2024 Results on Apr 17, 2025Qian Jiang Water Resources Development Co.,Ltd announced that they will report fiscal year 2024 results on Apr 17, 2025分析記事 • Nov 28Is Qian Jiang Water Resources DevelopmentLtd (SHSE:600283) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥10.77, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 23x in the Water Utilities industry in China. Total returns to shareholders of 46% over the past three years.分析記事 • Nov 05Solid Earnings May Not Tell The Whole Story For Qian Jiang Water Resources DevelopmentLtd (SHSE:600283)The recent earnings posted by Qian Jiang Water Resources Development Co.,Ltd ( SHSE:600283 ) were solid, but the stock...Reported Earnings • Oct 30Third quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.13 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.16 (up from CN¥0.13 in 3Q 2023). Revenue: CN¥547.7m (down 3.0% from 3Q 2023). Net income: CN¥80.4m (up 28% from 3Q 2023). Profit margin: 15% (up from 11% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 8% per year.分析記事 • Oct 01There's Been No Shortage Of Growth Recently For Qian Jiang Water Resources DevelopmentLtd's (SHSE:600283) Returns On CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...お知らせ • Sep 30Qian Jiang Water Resources Development Co.,Ltd to Report Q3, 2024 Results on Oct 30, 2024Qian Jiang Water Resources Development Co.,Ltd announced that they will report Q3, 2024 results on Oct 30, 2024Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥9.10, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 22x in the Water Utilities industry in China. Total returns to shareholders of 14% over the past three years.New Risk • Sep 18New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 36% 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: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.お知らせ • Aug 22Qian Jiang Water Resources Development Co.,Ltd (SHSE:600283) Completed the acquisition of Zhejiang Zheneng Yuhuan Environmental Protection Water/Kaihua Tianhui Environmental Protection from Zhejiang Zhe Neng Xing Yuan Energy Saving Technology Co., Ltd.Qian Jiang Water Resources Development Co.,Ltd (SHSE:600283) agreed to acquire Zhejiang Zheneng Yuhuan Environmental Protection Water/Kaihua Tianhui Environmental Protection from Zhejiang Zhe Neng Xing Yuan Energy Saving Technology Co., Ltd. for approximately CNY 320 million on June 3, 2024. Qian Jiang Water Resources Development Co.,Ltd (SHSE:600283) entered into an agreement to acquire Zhejiang Zheneng Yuhuan Environmental Protection Water/Kaihua Tianhui Environmental Protection from Zhejiang Zhe Neng Xing Yuan Energy Saving Technology Co., Ltd. on June 25, 2024. The transaction was approved by the board of Qian Jiang Water Resources Development on June 3, 2024. Qian Jiang Water Resources Development Co.,Ltd also held the 2023 annual shareholders' meeting of the company on June 25, 2024 to review and approve the proposal. Qian Jiang Water Resources Development Co.,Ltd (SHSE:600283) Completed the acquisition of Zhejiang Zheneng Yuhuan Environmental Protection Water/Kaihua Tianhui Environmental Protection from Zhejiang Zhe Neng Xing Yuan Energy Saving Technology Co., Ltd. on on August 20, 2024.Valuation Update With 7 Day Price Move • Aug 15Investor sentiment deteriorates as stock falls 27%After last week's 27% share price decline to CN¥8.49, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 18x in the Water Utilities industry in China. Total loss to shareholders of 15% over the past three years.お知らせ • Jun 28Qian Jiang Water Resources Development Co.,Ltd to Report First Half, 2024 Results on Aug 29, 2024Qian Jiang Water Resources Development Co.,Ltd announced that they will report first half, 2024 results on Aug 29, 2024お知らせ • Jun 05Qian Jiang Water Resources Development Co.,Ltd, Annual General Meeting, Jun 25, 2024Qian Jiang Water Resources Development Co.,Ltd, Annual General Meeting, Jun 25, 2024, at 09:30 China Standard Time. Location: No. 3, Santaishan Road, Hangzhou, Zhejiang China分析記事 • May 06Qian Jiang Water Resources DevelopmentLtd's (SHSE:600283) Problems Go Beyond Weak ProfitThe subdued market reaction suggests that Qian Jiang Water Resources Development Co.,Ltd's ( SHSE:600283 ) recent...Reported Earnings • Apr 14Full year 2023 earnings released: EPS: CN¥0.58 (vs CN¥0.49 in FY 2022)Full year 2023 results: EPS: CN¥0.58 (up from CN¥0.49 in FY 2022). Revenue: CN¥2.22b (up 22% from FY 2022). Net income: CN¥205.6m (up 19% from FY 2022). Profit margin: 9.3% (down from 9.4% in FY 2022). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 5% per year.お知らせ • Mar 29Qian Jiang Water Resources Development Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024Qian Jiang Water Resources Development Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥9.74, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 17x in the Water Utilities industry in China. Total loss to shareholders of 2.1% over the past three years.お知らせ • Dec 30Qian Jiang Water Resources Development Co.,Ltd to Report Fiscal Year 2023 Results on Apr 12, 2024Qian Jiang Water Resources Development Co.,Ltd announced that they will report fiscal year 2023 results on Apr 12, 2024Reported Earnings • Oct 31Third quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.13 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.18 (up from CN¥0.13 in 3Q 2022). Revenue: CN¥564.9m (up 21% from 3Q 2022). Net income: CN¥63.0m (up 39% from 3Q 2022). Profit margin: 11% (up from 9.7% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per year.Board Change • Oct 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Chairman of the Supervisory Board Minna Zhang was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.お知らせ • Sep 30Qian Jiang Water Resources Development Co.,Ltd to Report Q3, 2023 Results on Oct 28, 2023Qian Jiang Water Resources Development Co.,Ltd announced that they will report Q3, 2023 results on Oct 28, 2023Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.14 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.11 (down from CN¥0.14 in 2Q 2022). Revenue: CN¥509.7m (up 22% from 2Q 2022). Net income: CN¥38.6m (down 22% from 2Q 2022). Profit margin: 7.6% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year.New Risk • Jul 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.9% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results.お知らせ • Jun 28Qian Jiang Water Resources Development Co.,Ltd to Report First Half, 2023 Results on Aug 30, 2023Qian Jiang Water Resources Development Co.,Ltd announced that they will report first half, 2023 results on Aug 30, 2023Valuation Update With 7 Day Price Move • May 29Investor sentiment improves as stock rises 25%After last week's 25% share price gain to CN¥16.60, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 22x in the Water Utilities industry in China. Total returns to shareholders of 81% over the past three years.Reported Earnings • Apr 17Full year 2022 earnings released: EPS: CN¥0.49 (vs CN¥0.43 in FY 2021)Full year 2022 results: EPS: CN¥0.49 (up from CN¥0.43 in FY 2021). Revenue: CN¥1.83b (up 19% from FY 2021). Net income: CN¥172.4m (up 14% from FY 2021). Profit margin: 9.4% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Reported Earnings • Oct 29Third quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.16 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.13 (down from CN¥0.16 in 3Q 2021). Revenue: CN¥468.1m (up 20% from 3Q 2021). Net income: CN¥45.4m (down 16% from 3Q 2021). Profit margin: 9.7% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.15 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.14 (down from CN¥0.15 in 2Q 2021). Revenue: CN¥419.3m (up 7.5% from 2Q 2021). Net income: CN¥49.7m (down 8.6% from 2Q 2021). Profit margin: 12% (down from 14% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jun 15Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥19.01, the stock trades at a trailing P/E ratio of 46.5x. Average trailing P/E is 16x in the Water Utilities industry in China. Total returns to shareholders of 75% over the past three years.Valuation Update With 7 Day Price Move • May 26Investor sentiment improved over the past weekAfter last week's 22% share price gain to CN¥16.47, the stock trades at a trailing P/E ratio of 40.3x. Average trailing P/E is 16x in the Water Utilities industry in China. Total returns to shareholders of 47% over the past three years.Reported Earnings • May 02First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: CN¥0.09 (down from CN¥0.11 in 1Q 2021). Revenue: CN¥371.5m (up 20% from 1Q 2021). Net income: CN¥32.4m (down 17% from 1Q 2021). Profit margin: 8.7% (down from 13% in 1Q 2021). Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) exceeded analyst estimates by 6.2%. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • Apr 21Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: CN¥0.43 (up from CN¥0.39 in FY 2020). Revenue: CN¥1.54b (up 17% from FY 2020). Net income: CN¥150.8m (up 8.8% from FY 2020). Profit margin: 9.8% (in line with FY 2020). Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) exceeded analyst estimates by 6.2%. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Feb 24Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to CN¥12.86, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 22x in the Water Utilities industry in China. Total returns to shareholders of 4.8% over the past three years.Buying Opportunity • Feb 18Now 22% undervaluedOver the last 90 days, the stock is up 37%. The fair value is estimated to be CN¥18.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% per annum over the last 3 years. Earnings per share has grown by 59% per annum over the last 3 years.Valuation Update With 7 Day Price Move • Jan 04Investor sentiment improved over the past weekAfter last week's 24% share price gain to CN¥13.92, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 23x in the Water Utilities industry in China. Total returns to shareholders of 27% over the past three years.Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.12 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥390.4m (up 16% from 3Q 2020). Net income: CN¥53.8m (up 19% from 3Q 2020). Profit margin: 14% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 26Second quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.11 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥390.0m (up 27% from 2Q 2020). Net income: CN¥54.4m (up 67% from 2Q 2020). Profit margin: 14% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Jul 30Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to CN¥10.42, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 15x in the Water Utilities industry in China. Total loss to shareholders of 3.2% over the past three years.Reported Earnings • Apr 11Full year 2020 earnings released: EPS CN¥0.39 (vs CN¥0.12 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.32b (up 12% from FY 2019). Net income: CN¥138.6m (up 221% from FY 2019). Profit margin: 11% (up from 3.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Feb 26New 90-day high: CN¥10.99The company is up 3.0% from its price of CN¥10.64 on 27 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Water Utilities industry, which is down 10.0% over the same period.Is New 90 Day High Low • Jan 07New 90-day low: CN¥9.88The company is down 6.0% from its price of CN¥10.54 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Water Utilities industry, which is also down 6.0% over the same period.Is New 90 Day High Low • Dec 14New 90-day low: CN¥10.24The company is down 6.0% from its price of CN¥10.88 on 15 September 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Water Utilities industry, which is down 8.0% over the same period.お知らせ • Oct 27Qian Jiang Water Resources Development Co;Ltd to Report Q3, 2020 Results on Oct 30, 2020Qian Jiang Water Resources Development Co;Ltd announced that they will report Q3, 2020 results on Oct 30, 2020Is New 90 Day High Low • Sep 30New 90-day low: CN¥10.27The company is down 3.0% from its price of CN¥10.55 on 02 July 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is up 4.0% over the same period.お知らせ • Jul 10Qian Jiang Water Resources Development Co;Ltd to Report First Half, 2020 Results on Aug 27, 2020Qian Jiang Water Resources Development Co;Ltd announced that they will report first half, 2020 results on Aug 27, 2020株主還元600283CN Water UtilitiesCN 市場7D-4.9%-6.1%-2.1%1Y-20.0%-0.8%28.0%株主還元を見る業界別リターン: 600283過去 1 年間で-0.8 % の収益を上げたCN Water Utilities業界を下回りました。リターン対市場: 600283は、過去 1 年間で28 % のリターンを上げたCN市場を下回りました。価格変動Is 600283's price volatile compared to industry and market?600283 volatility600283 Average Weekly Movement3.2%Water Utilities Industry Average Movement5.2%Market Average Movement6.6%10% most volatile stocks in CN Market10.4%10% least volatile stocks in CN Market4.2%安定した株価: 600283 、 CN市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 600283の 週次ボラティリティ ( 3% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19981,819Tianqiang Wangwww.qjwater.com銭江水資源開発有限公司は、その子会社とともに、中国で水道水を生産・供給している。また、下水処理場の運営、市営水道パイプラインの敷設にも携わっている。同社は1998年に設立され、中国の杭州に本社を置いている。もっと見るQian Jiang Water Resources Development Co.,Ltd 基礎のまとめQian Jiang Water Resources DevelopmentLtd の収益と売上を時価総額と比較するとどうか。600283 基礎統計学時価総額CN¥4.60b収益（TTM）CN¥200.04m売上高(TTM)CN¥2.58b23.0xPER（株価収益率1.8xP/Sレシオ600283 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計600283 損益計算書（TTM）収益CN¥2.58b売上原価CN¥1.67b売上総利益CN¥913.46mその他の費用CN¥713.43m収益CN¥200.04m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）0.36グロス・マージン35.38%純利益率7.75%有利子負債／自己資本比率86.5%600283 の長期的なパフォーマンスは？過去の実績と比較を見る配当金3.0%現在の配当利回り63%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/10 00:58終値2026/06/10 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Qian Jiang Water Resources Development Co.,Ltd 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
New Risk • Apr 25New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 25% 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: Major Risk Debt is not well covered by operating cash flow (8.4% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
Reported Earnings • Apr 17Full year 2025 earnings released: EPS: CN¥0.43 (vs CN¥0.43 in FY 2024)Full year 2025 results: EPS: CN¥0.43 (in line with FY 2024). Revenue: CN¥2.55b (up 10.0% from FY 2024). Net income: CN¥216.1m (flat on FY 2024). Profit margin: 8.5% (down from 9.3% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 1% per year.
お知らせ • Apr 16Qian Jiang Water Resources Development Co.,Ltd, Annual General Meeting, May 12, 2026Qian Jiang Water Resources Development Co.,Ltd, Annual General Meeting, May 12, 2026, at 09:30 China Standard Time. Location: No. 3, Santaishan Road, Hangzhou, Zhejiang China
お知らせ • Mar 30Qian Jiang Water Resources Development Co.,Ltd to Report Q1, 2026 Results on Apr 29, 2026Qian Jiang Water Resources Development Co.,Ltd announced that they will report Q1, 2026 results on Apr 29, 2026
お知らせ • Dec 26Qian Jiang Water Resources Development Co.,Ltd to Report Fiscal Year 2025 Results on Apr 16, 2026Qian Jiang Water Resources Development Co.,Ltd announced that they will report fiscal year 2025 results on Apr 16, 2026
New Risk • Nov 13New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 119% The company is paying a dividend despite having no free cash flows. Dividend yield: 2.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 119% Paying a dividend despite having no free cash flows. Minor Risk Large one-off items impacting financial results.
New Risk • Apr 25New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 25% 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: Major Risk Debt is not well covered by operating cash flow (8.4% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
Reported Earnings • Apr 17Full year 2025 earnings released: EPS: CN¥0.43 (vs CN¥0.43 in FY 2024)Full year 2025 results: EPS: CN¥0.43 (in line with FY 2024). Revenue: CN¥2.55b (up 10.0% from FY 2024). Net income: CN¥216.1m (flat on FY 2024). Profit margin: 8.5% (down from 9.3% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 1% per year.
お知らせ • Apr 16Qian Jiang Water Resources Development Co.,Ltd, Annual General Meeting, May 12, 2026Qian Jiang Water Resources Development Co.,Ltd, Annual General Meeting, May 12, 2026, at 09:30 China Standard Time. Location: No. 3, Santaishan Road, Hangzhou, Zhejiang China
お知らせ • Mar 30Qian Jiang Water Resources Development Co.,Ltd to Report Q1, 2026 Results on Apr 29, 2026Qian Jiang Water Resources Development Co.,Ltd announced that they will report Q1, 2026 results on Apr 29, 2026
お知らせ • Dec 26Qian Jiang Water Resources Development Co.,Ltd to Report Fiscal Year 2025 Results on Apr 16, 2026Qian Jiang Water Resources Development Co.,Ltd announced that they will report fiscal year 2025 results on Apr 16, 2026
New Risk • Nov 13New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 119% The company is paying a dividend despite having no free cash flows. Dividend yield: 2.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 119% Paying a dividend despite having no free cash flows. Minor Risk Large one-off items impacting financial results.
Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.16 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.14 (down from CN¥0.16 in 3Q 2024). Revenue: CN¥626.3m (up 14% from 3Q 2024). Net income: CN¥78.1m (down 2.8% from 3Q 2024). Profit margin: 13% (down from 15% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
お知らせ • Sep 30Qian Jiang Water Resources Development Co.,Ltd to Report Q3, 2025 Results on Oct 31, 2025Qian Jiang Water Resources Development Co.,Ltd announced that they will report Q3, 2025 results on Oct 31, 2025
お知らせ • Jun 30Qian Jiang Water Resources Development Co.,Ltd to Report First Half, 2025 Results on Aug 29, 2025Qian Jiang Water Resources Development Co.,Ltd announced that they will report first half, 2025 results on Aug 29, 2025
Board Change • May 14High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. Independent Director Jianguo Du 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.
New Risk • Apr 21New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% 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: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
Reported Earnings • Apr 17Full year 2024 earnings released: EPS: CN¥0.43 (vs CN¥0.42 in FY 2023)Full year 2024 results: EPS: CN¥0.43 (up from CN¥0.42 in FY 2023). Revenue: CN¥2.32b (up 4.5% from FY 2023). Net income: CN¥215.2m (up 4.7% from FY 2023). Profit margin: 9.3% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 17Qian Jiang Water Resources Development Co.,Ltd, Annual General Meeting, May 13, 2025Qian Jiang Water Resources Development Co.,Ltd, Annual General Meeting, May 13, 2025, at 09:30 China Standard Time. Location: No. 3, Santaishan Road, Hangzhou, Zhejiang China
お知らせ • Mar 28Qian Jiang Water Resources Development Co.,Ltd to Report Q1, 2025 Results on Apr 29, 2025Qian Jiang Water Resources Development Co.,Ltd announced that they will report Q1, 2025 results on Apr 29, 2025
お知らせ • Dec 27Qian Jiang Water Resources Development Co.,Ltd to Report Fiscal Year 2024 Results on Apr 17, 2025Qian Jiang Water Resources Development Co.,Ltd announced that they will report fiscal year 2024 results on Apr 17, 2025
分析記事 • Nov 28Is Qian Jiang Water Resources DevelopmentLtd (SHSE:600283) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥10.77, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 23x in the Water Utilities industry in China. Total returns to shareholders of 46% over the past three years.
分析記事 • Nov 05Solid Earnings May Not Tell The Whole Story For Qian Jiang Water Resources DevelopmentLtd (SHSE:600283)The recent earnings posted by Qian Jiang Water Resources Development Co.,Ltd ( SHSE:600283 ) were solid, but the stock...
Reported Earnings • Oct 30Third quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.13 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.16 (up from CN¥0.13 in 3Q 2023). Revenue: CN¥547.7m (down 3.0% from 3Q 2023). Net income: CN¥80.4m (up 28% from 3Q 2023). Profit margin: 15% (up from 11% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 8% per year.
分析記事 • Oct 01There's Been No Shortage Of Growth Recently For Qian Jiang Water Resources DevelopmentLtd's (SHSE:600283) Returns On CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...
お知らせ • Sep 30Qian Jiang Water Resources Development Co.,Ltd to Report Q3, 2024 Results on Oct 30, 2024Qian Jiang Water Resources Development Co.,Ltd announced that they will report Q3, 2024 results on Oct 30, 2024
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥9.10, the stock trades at a trailing P/E ratio of 23.4x. Average trailing P/E is 22x in the Water Utilities industry in China. Total returns to shareholders of 14% over the past three years.
New Risk • Sep 18New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 36% 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: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
お知らせ • Aug 22Qian Jiang Water Resources Development Co.,Ltd (SHSE:600283) Completed the acquisition of Zhejiang Zheneng Yuhuan Environmental Protection Water/Kaihua Tianhui Environmental Protection from Zhejiang Zhe Neng Xing Yuan Energy Saving Technology Co., Ltd.Qian Jiang Water Resources Development Co.,Ltd (SHSE:600283) agreed to acquire Zhejiang Zheneng Yuhuan Environmental Protection Water/Kaihua Tianhui Environmental Protection from Zhejiang Zhe Neng Xing Yuan Energy Saving Technology Co., Ltd. for approximately CNY 320 million on June 3, 2024. Qian Jiang Water Resources Development Co.,Ltd (SHSE:600283) entered into an agreement to acquire Zhejiang Zheneng Yuhuan Environmental Protection Water/Kaihua Tianhui Environmental Protection from Zhejiang Zhe Neng Xing Yuan Energy Saving Technology Co., Ltd. on June 25, 2024. The transaction was approved by the board of Qian Jiang Water Resources Development on June 3, 2024. Qian Jiang Water Resources Development Co.,Ltd also held the 2023 annual shareholders' meeting of the company on June 25, 2024 to review and approve the proposal. Qian Jiang Water Resources Development Co.,Ltd (SHSE:600283) Completed the acquisition of Zhejiang Zheneng Yuhuan Environmental Protection Water/Kaihua Tianhui Environmental Protection from Zhejiang Zhe Neng Xing Yuan Energy Saving Technology Co., Ltd. on on August 20, 2024.
Valuation Update With 7 Day Price Move • Aug 15Investor sentiment deteriorates as stock falls 27%After last week's 27% share price decline to CN¥8.49, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 18x in the Water Utilities industry in China. Total loss to shareholders of 15% over the past three years.
お知らせ • Jun 28Qian Jiang Water Resources Development Co.,Ltd to Report First Half, 2024 Results on Aug 29, 2024Qian Jiang Water Resources Development Co.,Ltd announced that they will report first half, 2024 results on Aug 29, 2024
お知らせ • Jun 05Qian Jiang Water Resources Development Co.,Ltd, Annual General Meeting, Jun 25, 2024Qian Jiang Water Resources Development Co.,Ltd, Annual General Meeting, Jun 25, 2024, at 09:30 China Standard Time. Location: No. 3, Santaishan Road, Hangzhou, Zhejiang China
分析記事 • May 06Qian Jiang Water Resources DevelopmentLtd's (SHSE:600283) Problems Go Beyond Weak ProfitThe subdued market reaction suggests that Qian Jiang Water Resources Development Co.,Ltd's ( SHSE:600283 ) recent...
Reported Earnings • Apr 14Full year 2023 earnings released: EPS: CN¥0.58 (vs CN¥0.49 in FY 2022)Full year 2023 results: EPS: CN¥0.58 (up from CN¥0.49 in FY 2022). Revenue: CN¥2.22b (up 22% from FY 2022). Net income: CN¥205.6m (up 19% from FY 2022). Profit margin: 9.3% (down from 9.4% in FY 2022). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 5% per year.
お知らせ • Mar 29Qian Jiang Water Resources Development Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024Qian Jiang Water Resources Development Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥9.74, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 17x in the Water Utilities industry in China. Total loss to shareholders of 2.1% over the past three years.
お知らせ • Dec 30Qian Jiang Water Resources Development Co.,Ltd to Report Fiscal Year 2023 Results on Apr 12, 2024Qian Jiang Water Resources Development Co.,Ltd announced that they will report fiscal year 2023 results on Apr 12, 2024
Reported Earnings • Oct 31Third quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.13 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.18 (up from CN¥0.13 in 3Q 2022). Revenue: CN¥564.9m (up 21% from 3Q 2022). Net income: CN¥63.0m (up 39% from 3Q 2022). Profit margin: 11% (up from 9.7% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per year.
Board Change • Oct 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Chairman of the Supervisory Board Minna Zhang was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
お知らせ • Sep 30Qian Jiang Water Resources Development Co.,Ltd to Report Q3, 2023 Results on Oct 28, 2023Qian Jiang Water Resources Development Co.,Ltd announced that they will report Q3, 2023 results on Oct 28, 2023
Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.14 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.11 (down from CN¥0.14 in 2Q 2022). Revenue: CN¥509.7m (up 22% from 2Q 2022). Net income: CN¥38.6m (down 22% from 2Q 2022). Profit margin: 7.6% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year.
New Risk • Jul 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.9% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results.
お知らせ • Jun 28Qian Jiang Water Resources Development Co.,Ltd to Report First Half, 2023 Results on Aug 30, 2023Qian Jiang Water Resources Development Co.,Ltd announced that they will report first half, 2023 results on Aug 30, 2023
Valuation Update With 7 Day Price Move • May 29Investor sentiment improves as stock rises 25%After last week's 25% share price gain to CN¥16.60, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 22x in the Water Utilities industry in China. Total returns to shareholders of 81% over the past three years.
Reported Earnings • Apr 17Full year 2022 earnings released: EPS: CN¥0.49 (vs CN¥0.43 in FY 2021)Full year 2022 results: EPS: CN¥0.49 (up from CN¥0.43 in FY 2021). Revenue: CN¥1.83b (up 19% from FY 2021). Net income: CN¥172.4m (up 14% from FY 2021). Profit margin: 9.4% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Oct 29Third quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.16 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.13 (down from CN¥0.16 in 3Q 2021). Revenue: CN¥468.1m (up 20% from 3Q 2021). Net income: CN¥45.4m (down 16% from 3Q 2021). Profit margin: 9.7% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.15 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.14 (down from CN¥0.15 in 2Q 2021). Revenue: CN¥419.3m (up 7.5% from 2Q 2021). Net income: CN¥49.7m (down 8.6% from 2Q 2021). Profit margin: 12% (down from 14% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jun 15Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥19.01, the stock trades at a trailing P/E ratio of 46.5x. Average trailing P/E is 16x in the Water Utilities industry in China. Total returns to shareholders of 75% over the past three years.
Valuation Update With 7 Day Price Move • May 26Investor sentiment improved over the past weekAfter last week's 22% share price gain to CN¥16.47, the stock trades at a trailing P/E ratio of 40.3x. Average trailing P/E is 16x in the Water Utilities industry in China. Total returns to shareholders of 47% over the past three years.
Reported Earnings • May 02First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: CN¥0.09 (down from CN¥0.11 in 1Q 2021). Revenue: CN¥371.5m (up 20% from 1Q 2021). Net income: CN¥32.4m (down 17% from 1Q 2021). Profit margin: 8.7% (down from 13% in 1Q 2021). Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) exceeded analyst estimates by 6.2%. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Apr 21Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: CN¥0.43 (up from CN¥0.39 in FY 2020). Revenue: CN¥1.54b (up 17% from FY 2020). Net income: CN¥150.8m (up 8.8% from FY 2020). Profit margin: 9.8% (in line with FY 2020). Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) exceeded analyst estimates by 6.2%. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Feb 24Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to CN¥12.86, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 22x in the Water Utilities industry in China. Total returns to shareholders of 4.8% over the past three years.
Buying Opportunity • Feb 18Now 22% undervaluedOver the last 90 days, the stock is up 37%. The fair value is estimated to be CN¥18.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% per annum over the last 3 years. Earnings per share has grown by 59% per annum over the last 3 years.
Valuation Update With 7 Day Price Move • Jan 04Investor sentiment improved over the past weekAfter last week's 24% share price gain to CN¥13.92, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 23x in the Water Utilities industry in China. Total returns to shareholders of 27% over the past three years.
Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.12 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥390.4m (up 16% from 3Q 2020). Net income: CN¥53.8m (up 19% from 3Q 2020). Profit margin: 14% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 26Second quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.11 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥390.0m (up 27% from 2Q 2020). Net income: CN¥54.4m (up 67% from 2Q 2020). Profit margin: 14% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Jul 30Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to CN¥10.42, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 15x in the Water Utilities industry in China. Total loss to shareholders of 3.2% over the past three years.
Reported Earnings • Apr 11Full year 2020 earnings released: EPS CN¥0.39 (vs CN¥0.12 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.32b (up 12% from FY 2019). Net income: CN¥138.6m (up 221% from FY 2019). Profit margin: 11% (up from 3.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Feb 26New 90-day high: CN¥10.99The company is up 3.0% from its price of CN¥10.64 on 27 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Water Utilities industry, which is down 10.0% over the same period.
Is New 90 Day High Low • Jan 07New 90-day low: CN¥9.88The company is down 6.0% from its price of CN¥10.54 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Water Utilities industry, which is also down 6.0% over the same period.
Is New 90 Day High Low • Dec 14New 90-day low: CN¥10.24The company is down 6.0% from its price of CN¥10.88 on 15 September 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Water Utilities industry, which is down 8.0% over the same period.
お知らせ • Oct 27Qian Jiang Water Resources Development Co;Ltd to Report Q3, 2020 Results on Oct 30, 2020Qian Jiang Water Resources Development Co;Ltd announced that they will report Q3, 2020 results on Oct 30, 2020
Is New 90 Day High Low • Sep 30New 90-day low: CN¥10.27The company is down 3.0% from its price of CN¥10.55 on 02 July 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is up 4.0% over the same period.
お知らせ • Jul 10Qian Jiang Water Resources Development Co;Ltd to Report First Half, 2020 Results on Aug 27, 2020Qian Jiang Water Resources Development Co;Ltd announced that they will report first half, 2020 results on Aug 27, 2020
