Qian Jiang Water Resources DevelopmentLtd (600283) 주식 개요첸장 수자원 개발 유한회사는 자회사와 함께 중국에서 수돗물을 생산 및 공급하고 있습니다. 자세히 보기600283 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장0/6과거 실적1/6재무 건전성1/6배당4/6강점주가수익률(24.7x)이 CN 시장(50.3x)보다 낮습니다.위험 분석부채는 operating cash flow로 충분히 감당되지 않습니다.재무 결과에 영향을 미치는 대규모 일회성 항목2.83% 의 배당금은 잉여현금흐름으로 잘 충당되지 않습니다.모든 위험 점검 보기600283 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¥8.8237.2% 저평가 내재 할인율Growth 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 경쟁사Wuhan Sanzhen Industry HoldingLtdSymbol: SHSE:600168Market cap: CN¥4.7bKingfore Energy GroupSymbol: SZSE:001210Market cap: CN¥4.7bJiangsu Jiangnan WaterSymbol: SHSE:601199Market cap: CN¥5.6bGuangxi Nanning Waterworks GroupSymbol: SHSE:601368Market cap: CN¥4.2b가격 이력 및 성과Qian Jiang Water Resources DevelopmentLtd 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가CN¥8.8252주 최고가CN¥11.0052주 최저가CN¥8.69베타0.441개월 변동-5.26%3개월 변동-4.44%1년 변동-15.92%3년 변동-18.17%5년 변동8.79%IPO 이후 변동-0.016%최근 뉴스 및 업데이트New 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.공시 • 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 China공시 • 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, 2026공시 • 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.더 많은 업데이트 보기Recent 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.공시 • 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 China공시 • 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, 2026공시 • 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.공시 • 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, 2025공시 • 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.공시 • 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 China공시 • 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, 2025공시 • 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, 2025분석 기사 • 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.분석 기사 • 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.분석 기사 • 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...공시 • 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.공시 • 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.공시 • 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, 2024공시 • 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 China분석 기사 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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, 2020주주 수익률600283CN Water UtilitiesCN 시장7D-1.1%-0.4%-0.04%1Y-15.9%6.8%34.9%전체 주주 수익률 보기수익률 대 산업: 600283은 지난 1년 동안 6.8%의 수익을 기록한 CN Water Utilities 산업보다 저조한 성과를 냈습니다.수익률 대 시장: 600283은 지난 1년 동안 34.9%를 기록한 CN 시장보다 저조한 성과를 냈습니다.주가 변동성Is 600283's price volatile compared to industry and market?600283 volatility600283 Average Weekly Movement2.6%Water Utilities Industry Average Movement5.0%Market Average Movement6.4%10% most volatile stocks in CN Market10.1%10% least volatile stocks in CN Market4.2%안정적인 주가: 600283는 지난 3개월 동안 CN 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: 600283의 주간 변동성(3%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트19981,819Tianqiang Wangwww.qjwater.com첸장 수자원 개발 유한회사는 자회사와 함께 중국에서 수돗물을 생산 및 공급하고 있습니다. 또한 하수 처리장 운영과 도시 상수도관 설치에도 관여하고 있습니다. 이 회사는 1998년에 설립되었으며 중국 항저우에 본사를 두고 있습니다.더 보기Qian Jiang Water Resources Development Co.,Ltd 기초 지표 요약Qian Jiang Water Resources DevelopmentLtd의 순이익과 매출은 시가총액과 어떻게 비교됩니까?600283 기초 통계시가총액CN¥4.95b순이익 (TTM)CN¥200.04m매출 (TTM)CN¥2.58b24.7x주가수익비율(P/E)1.9x주가매출비율(P/S)600283는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표600283 손익계산서 (TTM)매출CN¥2.58b매출원가CN¥1.67b총이익CN¥913.46m기타 비용CN¥713.43m순이익CN¥200.04m최근 보고된 실적Mar 31, 2026다음 실적 발표일해당 없음주당순이익(EPS)0.36총이익률35.38%순이익률7.75%부채/자본 비율83.9%600283의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당2.8%현재 배당 수익률63%배당 성향View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 10:19종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Qian Jiang Water Resources Development Co.,Ltd는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
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.
공시 • 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
공시 • 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
공시 • 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.
공시 • 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
공시 • 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
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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
공시 • 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
공시 • 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
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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...
공시 • 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.
공시 • 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.
공시 • 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
공시 • 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
분석 기사 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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
