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, 04 Jun 2026	CN¥210.5b	CN¥94.6b	CN¥12.5b	25.3x	16.9x	2.2x
Sat, 02 May 2026	CN¥217.8b	CN¥91.8b	CN¥12.7b	25.1x	17.1x	2.4x
Mon, 30 Mar 2026	CN¥223.6b	CN¥92.6b	CN¥12.4b	25.8x	18x	2.4x
Wed, 25 Feb 2026	CN¥220.3b	CN¥92.8b	CN¥12.5b	26.1x	17.7x	2.4x
Fri, 23 Jan 2026	CN¥227.8b	CN¥92.8b	CN¥12.5b	26.8x	18.3x	2.5x
Sun, 21 Dec 2025	CN¥214.3b	CN¥92.8b	CN¥12.5b	25.9x	17.2x	2.3x
Tue, 18 Nov 2025	CN¥228.9b	CN¥92.8b	CN¥12.5b	29.2x	18.4x	2.5x
Thu, 16 Oct 2025	CN¥223.1b	CN¥90.8b	CN¥14.0b	28x	15.9x	2.5x
Sat, 13 Sep 2025	CN¥209.6b	CN¥90.8b	CN¥14.0b	26.6x	15x	2.3x
Mon, 11 Aug 2025	CN¥208.1b	CN¥90.8b	CN¥13.8b	28.1x	15.1x	2.3x
Wed, 09 Jul 2025	CN¥202.9b	CN¥90.8b	CN¥13.8b	28.4x	14.7x	2.2x
Fri, 06 Jun 2025	CN¥201.5b	CN¥90.8b	CN¥13.8b	28.4x	14.6x	2.2x
Sun, 04 May 2025	CN¥195.9b	CN¥90.8b	CN¥13.8b	27.6x	14.2x	2.2x
Tue, 01 Apr 2025	CN¥198.1b	CN¥88.7b	CN¥12.7b	26.2x	15.6x	2.2x
Thu, 27 Feb 2025	CN¥196.8b	CN¥89.7b	CN¥12.4b	27.2x	15.9x	2.2x
Sat, 25 Jan 2025	CN¥193.1b	CN¥89.7b	CN¥12.4b	21.7x	15.6x	2.2x
Mon, 23 Dec 2024	CN¥205.3b	CN¥89.7b	CN¥12.4b	22.6x	16.6x	2.3x
Wed, 20 Nov 2024	CN¥207.1b	CN¥89.7b	CN¥12.4b	21.9x	16.8x	2.3x
Fri, 18 Oct 2024	CN¥192.5b	CN¥90.5b	CN¥10.5b	22.6x	18.3x	2.1x
Sun, 15 Sep 2024	CN¥168.3b	CN¥90.6b	CN¥10.6b	20.7x	15.9x	1.9x
Tue, 13 Aug 2024	CN¥188.0b	CN¥89.7b	CN¥10.8b	17.9x	17.5x	2.1x
Thu, 11 Jul 2024	CN¥182.9b	CN¥89.8b	CN¥10.7b	18x	17x	2x
Sat, 08 Jun 2024	CN¥191.1b	CN¥89.8b	CN¥10.7b	19.9x	17.8x	2.1x
Mon, 06 May 2024	CN¥189.9b	CN¥89.8b	CN¥10.7b	20.1x	17.7x	2.1x
Wed, 03 Apr 2024	CN¥187.6b	CN¥89.6b	CN¥11.1b	17.7x	16.9x	2.1x
Fri, 01 Mar 2024	CN¥181.4b	CN¥89.7b	CN¥11.3b	17.4x	16.1x	2x
Sun, 28 Jan 2024	CN¥189.5b	CN¥90.0b	CN¥11.1b	18.7x	17x	2.1x
Tue, 26 Dec 2023	CN¥187.9b	CN¥90.0b	CN¥11.1b	19.9x	16.9x	2.1x
Thu, 23 Nov 2023	CN¥196.4b	CN¥90.0b	CN¥11.1b	19.2x	17.6x	2.2x
Sat, 21 Oct 2023	CN¥176.4b	CN¥87.5b	CN¥12.1b	16.7x	14.6x	2x
Mon, 18 Sep 2023	CN¥186.3b	CN¥87.5b	CN¥12.1b	17.5x	15.4x	2.1x
Wed, 16 Aug 2023	CN¥189.1b	CN¥87.1b	CN¥12.2b	19.5x	15.6x	2.2x
Fri, 14 Jul 2023	CN¥188.2b	CN¥87.0b	CN¥12.2b	20.7x	15.5x	2.2x
Sun, 11 Jun 2023	CN¥188.3b	CN¥87.0b	CN¥12.2b	21.6x	15.5x	2.2x

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	-0.80%
Utilities	4.65%
Water Utilities	0.74%
Water	0.74%

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

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

Company	Last Price	7D	1Y	Valuation
001210 Kingfore Energy Group	CN¥25.04	21.3% +CN¥964.4m	162.5%	PE40.1x
600008 Beijing Capital Eco-Environment Protection Group	CN¥3.19	4.2% +CN¥954.3m	0.3%	PE13x
600323 Grandblue Environment	CN¥30.45	2.5% +CN¥611.5m	20.1%	PE11.6x
600187 Heilongjiang Interchina Water TreatmentLtd	CN¥1.56	22.8% +CN¥468.0m	-52.6%	PS11.4x
000598 Chengdu Xingrong Environment	CN¥6.92	0.6% +CN¥118.7m	-6.6%	PE10.1x

Company

Last Price

Valuation

001210 Kingfore Energy Group

CN¥25.04

21.3%
+CN¥964.4m

162.5%

PE40.1x

600008 Beijing Capital Eco-Environment Protection Group

CN¥3.19

4.2%
+CN¥954.3m

0.3%

PE13x

600323 Grandblue Environment

CN¥30.45

2.5%
+CN¥611.5m

20.1%

PE11.6x

600187 Heilongjiang Interchina Water TreatmentLtd

CN¥1.56

22.8%
+CN¥468.0m

-52.6%

PS11.4x

000598 Chengdu Xingrong Environment

CN¥6.92

0.6%
+CN¥118.7m

-6.6%

PE10.1x

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

Grandblue Environment Co., Ltd., Annual General Meeting, Jun 23, 2026

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

Investor sentiment improves as stock rises 16%

New minor risk - Dividend sustainability

Now 21% overvalued

GreenTech Environmental Co., Ltd., Annual General Meeting, Jun 12, 2026

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 minor risk - Financial position

First quarter 2026 earnings released: EPS: CN¥0.03 (vs CN¥0.03 in 1Q 2025)

Full year 2025 earnings: EPS and revenues miss analyst expectations

New major risk - Financial position

New major risk - Revenue and earnings growth

New major risk - Revenue and earnings growth

Chongqing Water Group Co.,Ltd., Annual General Meeting, Apr 28, 2026