Chinese (SSE) Water Utilities Industry Analysis

Industry Valuation and Performance

Has the Chinese Water Utilities Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 11 Jun 2026	CN¥199.8b	CN¥94.6b	CN¥12.5b	24.4x	16x	2.1x
Sat, 09 May 2026	CN¥218.9b	CN¥94.5b	CN¥12.7b	25.9x	17.2x	2.3x
Mon, 06 Apr 2026	CN¥211.1b	CN¥92.8b	CN¥12.4b	24.3x	17.1x	2.3x
Wed, 04 Mar 2026	CN¥223.2b	CN¥92.5b	CN¥12.3b	26.7x	18.1x	2.4x
Fri, 30 Jan 2026	CN¥225.1b	CN¥92.8b	CN¥12.5b	25.7x	18x	2.4x
Sun, 28 Dec 2025	CN¥216.3b	CN¥92.8b	CN¥12.5b	26.2x	17.3x	2.3x
Tue, 25 Nov 2025	CN¥217.5b	CN¥92.8b	CN¥12.5b	27.9x	17.4x	2.3x
Thu, 23 Oct 2025	CN¥224.7b	CN¥90.8b	CN¥14.0b	27.8x	16.1x	2.5x
Sat, 20 Sep 2025	CN¥207.1b	CN¥90.8b	CN¥14.0b	26.1x	14.8x	2.3x
Mon, 18 Aug 2025	CN¥209.9b	CN¥90.8b	CN¥14.1b	26.1x	14.9x	2.3x
Wed, 16 Jul 2025	CN¥205.2b	CN¥90.8b	CN¥13.8b	28.3x	14.9x	2.3x
Fri, 13 Jun 2025	CN¥201.2b	CN¥90.8b	CN¥13.8b	28x	14.6x	2.2x
Sun, 11 May 2025	CN¥200.0b	CN¥90.7b	CN¥13.7b	27.4x	14.6x	2.2x
Tue, 08 Apr 2025	CN¥187.6b	CN¥89.2b	CN¥13.1b	24.3x	14.3x	2.1x
Thu, 06 Mar 2025	CN¥194.0b	CN¥90.2b	CN¥12.4b	26.7x	15.7x	2.2x
Sat, 01 Feb 2025	CN¥195.4b	CN¥89.7b	CN¥12.4b	24.8x	15.8x	2.2x
Mon, 30 Dec 2024	CN¥207.9b	CN¥89.7b	CN¥12.4b	22.4x	16.8x	2.3x
Wed, 27 Nov 2024	CN¥202.1b	CN¥89.7b	CN¥12.4b	23.6x	16.3x	2.3x
Fri, 25 Oct 2024	CN¥198.9b	CN¥90.5b	CN¥10.5b	23.6x	18.9x	2.2x
Sun, 22 Sep 2024	CN¥168.3b	CN¥90.5b	CN¥10.6b	20.3x	15.9x	1.9x
Tue, 20 Aug 2024	CN¥188.7b	CN¥89.7b	CN¥10.8b	18x	17.5x	2.1x
Thu, 18 Jul 2024	CN¥182.7b	CN¥89.8b	CN¥10.7b	17.7x	17x	2x
Sat, 15 Jun 2024	CN¥188.2b	CN¥89.8b	CN¥10.7b	19.7x	17.5x	2.1x
Mon, 13 May 2024	CN¥197.0b	CN¥89.8b	CN¥10.9b	20.7x	18.2x	2.2x
Wed, 10 Apr 2024	CN¥187.4b	CN¥89.0b	CN¥10.5b	19.2x	17.8x	2.1x
Fri, 08 Mar 2024	CN¥181.1b	CN¥89.7b	CN¥11.3b	17.3x	16.1x	2x
Sun, 04 Feb 2024	CN¥174.5b	CN¥90.0b	CN¥11.1b	16.6x	15.7x	1.9x
Tue, 02 Jan 2024	CN¥190.9b	CN¥90.0b	CN¥11.1b	21x	17.1x	2.1x
Thu, 30 Nov 2023	CN¥193.9b	CN¥90.0b	CN¥11.2b	19x	17.4x	2.2x
Sat, 28 Oct 2023	CN¥186.5b	CN¥88.1b	CN¥12.6b	17.5x	14.7x	2.1x
Mon, 25 Sep 2023	CN¥186.0b	CN¥87.5b	CN¥12.1b	17.7x	15.4x	2.1x
Wed, 23 Aug 2023	CN¥194.0b	CN¥86.9b	CN¥12.1b	19.5x	16.1x	2.2x
Fri, 21 Jul 2023	CN¥186.7b	CN¥87.0b	CN¥12.2b	20.2x	15.3x	2.1x
Sun, 18 Jun 2023	CN¥184.3b	CN¥87.0b	CN¥12.2b	21.3x	15.1x	2.1x

Current Industry PE

Investors are relatively neutral on the Chinese Water Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.

The industry is trading close to its 3-year average PE ratio of 16.5x.

The industry is trading close to its 3-year average PS ratio of 2.2x.

Past Earnings Growth

The earnings for companies in the Water Utilities industry have remained mostly flat over the last three years.
Meanwhile revenues for these companies have grown 2.8% per year.
This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Chinese Utilities industry?


CN Market	-3.67%
Utilities	-8.11%
Water Utilities	-5.05%
Water	-5.05%

Industry PEThere are no additional sub-industries under this industry.

Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
600187 Heilongjiang Interchina Water TreatmentLtd	CN¥1.60	2.6% +CN¥64.6m	-50.2%	PS11.7x
605028 Ningbo Shimao EnergyLtd	CN¥22.68	1.8% +CN¥64.0m	28.8%	PE25.6x
601199 Jiangsu Jiangnan Water	CN¥5.58	0.9% +CN¥46.8m	4.1%	PE14.5x

Company

Last Price

Valuation

600187 Heilongjiang Interchina Water TreatmentLtd

CN¥1.60

2.6%
+CN¥64.6m

-50.2%

PS11.7x

605028 Ningbo Shimao EnergyLtd

CN¥22.68

1.8%
+CN¥64.0m

28.8%

PE25.6x

601199 Jiangsu Jiangnan Water

CN¥5.58

0.9%
+CN¥46.8m

4.1%

PE14.5x

New minor risk - Dividend sustainability

The dividend is not well covered by cash flows. Cash payout ratio: 141% Dividend yield: 2.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Risk Earnings have declined by 8.6% per year over the past 5 years. Minor Risks High level of debt (46% net debt to equity). Dividend is not well covered by cash flows (141% cash payout ratio). Large one-off items impacting financial results.

Chinese (SSE) Water Utilities Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Investor sentiment deteriorates as stock falls 19%

Harbin Hatou Investment Co.,Ltd, Annual General Meeting, Jun 23, 2026

New minor risk - Dividend sustainability

Heilongjiang Interchina Water Treatment Co.,Ltd, Annual General Meeting, Jun 05, 2026

Beijing Capital Eco-Environment Protection Group Co., Ltd., Annual General Meeting, May 29, 2026

Investor sentiment improves as stock rises 18%

New major risk - Revenue and earnings growth

New minor risk - Financial position

Full year 2025 earnings: EPS and revenues miss analyst expectations

New major risk - Financial position

New major risk - Revenue and earnings growth