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, 27 Aug 2026	CN¥153.8b	CN¥70.5b	CN¥8.3b	26.4x	18.4x	2.2x
Sat, 25 Jul 2026	CN¥170.3b	CN¥86.3b	CN¥10.5b	23.8x	16.2x	2x
Mon, 22 Jun 2026	CN¥195.1b	CN¥94.6b	CN¥12.5b	24x	15.7x	2.1x
Wed, 20 May 2026	CN¥217.5b	CN¥94.6b	CN¥12.4b	28.1x	17.5x	2.3x
Fri, 17 Apr 2026	CN¥216.5b	CN¥92.0b	CN¥12.4b	25.6x	17.4x	2.4x
Sun, 15 Mar 2026	CN¥227.9b	CN¥92.5b	CN¥12.3b	27.4x	18.5x	2.5x
Tue, 10 Feb 2026	CN¥222.8b	CN¥92.8b	CN¥12.5b	26.7x	17.9x	2.4x
Thu, 08 Jan 2026	CN¥219.7b	CN¥92.8b	CN¥12.5b	27.2x	17.6x	2.4x
Sat, 06 Dec 2025	CN¥221.1b	CN¥92.8b	CN¥12.5b	27x	17.7x	2.4x
Mon, 03 Nov 2025	CN¥222.1b	CN¥92.9b	CN¥12.5b	27.6x	17.8x	2.4x
Wed, 01 Oct 2025	CN¥215.7b	CN¥90.8b	CN¥14.0b	29x	15.4x	2.4x
Fri, 29 Aug 2025	CN¥210.4b	CN¥90.9b	CN¥14.1b	27.2x	15x	2.3x
Sun, 27 Jul 2025	CN¥210.2b	CN¥90.8b	CN¥13.8b	28.8x	15.2x	2.3x
Tue, 24 Jun 2025	CN¥194.8b	CN¥90.8b	CN¥13.8b	27.2x	14.1x	2.1x
Thu, 22 May 2025	CN¥203.5b	CN¥90.8b	CN¥13.8b	29.2x	14.8x	2.2x
Sat, 19 Apr 2025	CN¥196.5b	CN¥88.0b	CN¥13.2b	25x	14.9x	2.2x
Mon, 17 Mar 2025	CN¥197.7b	CN¥90.3b	CN¥12.5b	26.7x	15.8x	2.2x
Wed, 12 Feb 2025	CN¥196.6b	CN¥89.7b	CN¥12.4b	26.4x	15.9x	2.2x
Fri, 10 Jan 2025	CN¥190.8b	CN¥89.7b	CN¥12.4b	20.9x	15.4x	2.1x
Sun, 08 Dec 2024	CN¥210.8b	CN¥89.7b	CN¥12.4b	23.6x	17.1x	2.4x
Tue, 05 Nov 2024	CN¥204.8b	CN¥89.7b	CN¥12.4b	22.3x	16.5x	2.3x
Thu, 03 Oct 2024	CN¥200.4b	CN¥90.5b	CN¥10.5b	23.4x	19x	2.2x
Sat, 31 Aug 2024	CN¥174.5b	CN¥90.3b	CN¥10.5b	21x	16.6x	1.9x
Mon, 29 Jul 2024	CN¥188.3b	CN¥89.8b	CN¥10.8b	17.8x	17.5x	2.1x
Wed, 26 Jun 2024	CN¥180.4b	CN¥89.8b	CN¥10.7b	18.2x	16.8x	2x
Fri, 24 May 2024	CN¥194.5b	CN¥89.8b	CN¥10.8b	20.3x	18.1x	2.2x
Sun, 21 Apr 2024	CN¥188.1b	CN¥89.4b	CN¥11.0b	16.8x	17.1x	2.1x
Tue, 19 Mar 2024	CN¥186.6b	CN¥89.7b	CN¥11.3b	17.6x	16.6x	2.1x
Thu, 15 Feb 2024	CN¥177.8b	CN¥90.0b	CN¥11.1b	16.8x	16x	2x
Sat, 13 Jan 2024	CN¥194.5b	CN¥90.0b	CN¥11.1b	20.1x	17.5x	2.2x
Mon, 11 Dec 2023	CN¥191.9b	CN¥90.0b	CN¥11.1b	18.7x	17.2x	2.1x
Wed, 08 Nov 2023	CN¥197.3b	CN¥90.0b	CN¥11.1b	18.8x	17.7x	2.2x
Fri, 06 Oct 2023	CN¥184.0b	CN¥87.5b	CN¥12.1b	17.7x	15.3x	2.1x
Sun, 03 Sep 2023	CN¥184.6b	CN¥87.5b	CN¥12.1b	17.5x	15.3x	2.1x

Current Industry PE

Investors are optimistic on the Chinese Water Utilities industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 18.4x which is higher than its 3-year average PE 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 declined 12% per year over the last three years,
Revenues have also declined 6.9% per year.
This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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


CN Market	0.044%
Utilities	0.98%
Water Utilities	2.95%
Water	2.95%

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
600864 Harbin Hatou InvestmentLtd	CN¥5.86	10.4% +CN¥1.1b	-25.8%	PE32.8x
000685 Zhongshan Public Utilities GroupLtd	CN¥11.31	3.6% +CN¥572.4m	10.3%	PE7.7x
600167 Luenmei QuantumLtd	CN¥5.72	1.6% +CN¥200.2m	-15.1%	PE21.2x
600283 Qian Jiang Water Resources DevelopmentLtd	CN¥8.13	3.8% +CN¥168.2m	-17.2%	PE20.9x
300055 Beijing WBD New Materials Group	CN¥6.07	3.1% +CN¥150.6m	-1.1%	PS1.8x

Company

Last Price

Valuation

600864 Harbin Hatou InvestmentLtd

CN¥5.86

10.4%
+CN¥1.1b

-25.8%

PE32.8x

000685 Zhongshan Public Utilities GroupLtd

CN¥11.31

3.6%
+CN¥572.4m

10.3%

PE7.7x

600167 Luenmei QuantumLtd

CN¥5.72

1.6%
+CN¥200.2m

-15.1%

PE21.2x

600283 Qian Jiang Water Resources DevelopmentLtd

CN¥8.13

3.8%
+CN¥168.2m

-17.2%

PE20.9x

300055 Beijing WBD New Materials Group

CN¥6.07

3.1%
+CN¥150.6m

-1.1%

PS1.8x

New major risk - Revenue and earnings growth

Earnings have declined by 0.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Earnings have declined by 0.3% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.9% net profit margin).

Chinese (SSE) Water Utilities Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

New major risk - Revenue and earnings growth

Second quarter 2026 earnings released: EPS: CN¥0.002 (vs CN¥0.003 in 2Q 2025)

Second quarter 2026 earnings released: EPS: CN¥0.12 (vs CN¥0.089 in 2Q 2025)

Second quarter 2026 earnings released: EPS: CN¥0.033 (vs CN¥0.028 in 2Q 2025)

Second quarter 2026 earnings released: EPS: CN¥0.066 (vs CN¥0.074 in 2Q 2025)

New major risk - Negative shareholders equity

Second quarter 2026 earnings released: EPS: CN¥0.10 (vs CN¥0.11 in 2Q 2025)

Second quarter 2026 earnings released: CN¥0.053 loss per share (vs CN¥0.046 loss in 2Q 2025)

Second quarter 2026 earnings released: CN¥0.012 loss per share (vs CN¥0.011 loss in 2Q 2025)

New minor risk - Earnings quality

Second quarter 2026 earnings released: EPS: CN¥0.052 (vs CN¥0.062 in 2Q 2025)

Luenmei Quantum Co.,Ltd (SHSE:600167) announces an Equity Buyback for CNY 200 million worth of its shares.

Dividend increased to CN¥0.39

Jiangsu United Water Technology Co.,Ltd. to Report First Half, 2026 Results on Aug 27, 2026

Beijing Capital Eco-Environment Protection Group Co., Ltd. to Report First Half, 2026 Results on Aug 31, 2026

Chongqing Water Group Co.,Ltd. to Report First Half, 2026 Results on Aug 26, 2026