Earnings Not Telling The Story For Jilin Province Chuncheng Heating Company Limited (HKG:1853) After Shares Rise 26%
Jan 29
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Hong Kong (HSI) Water Industry Analysis
UpdatedJan 30, 2026
DataAggregated Company Financials
Companies12
- 7D3.1%
- 3M0.7%
- 1Y24.8%
- YTDn/a
In the last week, the Water industry is up 2.5%, with Guangdong Investment up 4.8%. This means that the industry has gained 21% over the past year. Earnings are forecast to grow by 4.7% annually.
Industry Valuation and Performance
Has the Hong Kong Water Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 30 Jan 2026 | HK$89.4b | HK$68.2b | HK$5.1b | 10.4x | 17.5x | 1.3x |
| Sun, 28 Dec 2025 | HK$82.9b | HK$67.8b | HK$5.1b | 9.6x | 16.3x | 1.2x |
| Tue, 25 Nov 2025 | HK$88.0b | HK$68.1b | HK$5.3b | 9.9x | 16.7x | 1.3x |
| Thu, 23 Oct 2025 | HK$87.6b | HK$67.7b | HK$5.1b | 10.1x | 17.3x | 1.3x |
| Sat, 20 Sep 2025 | HK$87.0b | HK$67.8b | HK$5.1b | 10.1x | 17.1x | 1.3x |
| Mon, 18 Aug 2025 | HK$85.8b | HK$68.9b | HK$5.3b | 6.9x | 16.2x | 1.2x |
| Wed, 16 Jul 2025 | HK$86.0b | HK$69.0b | HK$5.3b | 6.1x | 16.3x | 1.2x |
| Fri, 13 Jun 2025 | HK$82.7b | HK$69.3b | HK$5.7b | 5.8x | 14.6x | 1.2x |
| Sun, 11 May 2025 | HK$78.0b | HK$68.7b | HK$5.7b | 6.5x | 13.8x | 1.1x |
| Tue, 08 Apr 2025 | HK$73.6b | HK$68.3b | HK$5.6b | 5.8x | 13.1x | 1.1x |
| Thu, 06 Mar 2025 | HK$75.9b | HK$72.4b | HK$6.4b | 4.9x | 11.8x | 1x |
| Sat, 01 Feb 2025 | HK$71.2b | HK$72.5b | HK$6.4b | 4.8x | 11.2x | 1x |
| Mon, 30 Dec 2024 | HK$80.5b | HK$72.2b | HK$6.3b | 5x | 12.7x | 1.1x |
| Wed, 27 Nov 2024 | HK$63.1b | HK$73.5b | HK$6.4b | 4.1x | 9.8x | 0.9x |
| Fri, 25 Oct 2024 | HK$70.6b | HK$73.2b | HK$6.6b | 5x | 10.7x | 1x |
| Sun, 22 Sep 2024 | HK$63.9b | HK$73.6b | HK$6.6b | 4x | 9.6x | 0.9x |
| Tue, 20 Aug 2024 | HK$63.0b | HK$77.8b | HK$6.2b | 5.1x | 10.1x | 0.8x |
| Thu, 18 Jul 2024 | HK$61.0b | HK$77.2b | HK$6.2b | 5x | 9.8x | 0.8x |
| Sat, 15 Jun 2024 | HK$70.6b | HK$78.6b | HK$6.4b | 6x | 11x | 0.9x |
| Mon, 13 May 2024 | HK$65.5b | HK$78.8b | HK$6.4b | 5x | 10.2x | 0.8x |
| Wed, 10 Apr 2024 | HK$53.8b | HK$77.8b | HK$6.4b | 4.7x | 8.4x | 0.7x |
| Fri, 08 Mar 2024 | HK$61.7b | HK$77.6b | HK$7.5b | 4.8x | 8.2x | 0.8x |
| Sun, 04 Feb 2024 | HK$58.3b | HK$77.6b | HK$7.5b | 3.8x | 7.7x | 0.8x |
| Tue, 02 Jan 2024 | HK$66.3b | HK$77.8b | HK$7.5b | 4.5x | 8.8x | 0.9x |
| Thu, 30 Nov 2023 | HK$63.1b | HK$77.7b | HK$7.5b | 4.4x | 8.4x | 0.8x |
| Sat, 28 Oct 2023 | HK$66.8b | HK$77.4b | HK$7.7b | 4.4x | 8.7x | 0.9x |
| Mon, 25 Sep 2023 | HK$69.6b | HK$79.8b | HK$8.3b | 4.7x | 8.4x | 0.9x |
| Wed, 23 Aug 2023 | HK$71.6b | HK$78.7b | HK$7.5b | 7.1x | 9.5x | 0.9x |
| Fri, 21 Jul 2023 | HK$76.6b | HK$79.0b | HK$7.5b | 6.8x | 10.2x | 1x |
| Sun, 18 Jun 2023 | HK$80.3b | HK$76.6b | HK$7.4b | 6x | 10.9x | 1x |
| Tue, 16 May 2023 | HK$84.9b | HK$76.9b | HK$7.4b | 6.3x | 11.5x | 1.1x |
| Thu, 13 Apr 2023 | HK$88.6b | HK$77.2b | HK$7.6b | 6.3x | 11.7x | 1.1x |
| Sat, 11 Mar 2023 | HK$87.7b | HK$80.6b | HK$8.7b | 6.2x | 10.1x | 1.1x |
| Mon, 06 Feb 2023 | HK$95.7b | HK$81.0b | HK$8.7b | 6.4x | 11x | 1.2x |
Price to Earnings Ratio
11x
Current Industry PE
- Investors are optimistic on the Hong Kong Water Utilities industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 17.1x which is higher than its 3-year average PE of 11.7x.
- The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Water Utilities industry have declined 16% per year over the last three years,
- Revenues have also declined 5.6% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Hong Kong Water compare with similar industries?
| HK Market | 4.52% | |
| Utilities | 0.86% | |
| Water Utilities | 3.14% | |
| Water | 3.14% | |
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 | |
|---|---|---|---|---|---|
| 270 Guangdong Investment | HK$7.45 | 4.8% +HK$2.2b | 26.7% | PE10.7x | |
| 371 Beijing Enterprises Water Group | HK$2.67 | 1.1% +HK$301.4m | 23.6% | PE17.8x | |
| 1853 Jilin Province Chuncheng Heating | HK$1.89 | 15.2% +HK$116.7m | 18.1% | PE13.4x | |
| 1026 Universal Technologies Holdings | HK$0.12 | 10.9% +HK$66.2m | 10.9% | PS2.2x | |
| 6136 Kangda International Environmental | HK$0.52 | 5.1% +HK$57.7m | 73.3% | PE6.6x |
