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
UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies12
- 7D4.1%
- 3M0.4%
- 1Y25.6%
- YTDn/a
Over the last 7 days, the Water industry has risen 3.1%, driven by gains from Guangdong Investment of 4.5%. This means that the industry has gained 24% over the past year. Looking forward, earnings are forecast to grow by 4.4% 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 |
|---|---|---|---|---|---|---|
| Tue, 03 Feb 2026 | HK$89.8b | HK$68.3b | HK$5.1b | 10.2x | 17.6x | 1.3x |
| Thu, 01 Jan 2026 | HK$82.2b | HK$67.9b | HK$5.1b | 9.6x | 16.1x | 1.2x |
| Sat, 29 Nov 2025 | HK$88.4b | HK$68.2b | HK$5.3b | 9.8x | 16.7x | 1.3x |
| Mon, 27 Oct 2025 | HK$87.0b | HK$67.7b | HK$5.1b | 10.1x | 17.2x | 1.3x |
| Wed, 24 Sep 2025 | HK$86.4b | HK$67.8b | HK$5.1b | 10x | 17x | 1.3x |
| Fri, 22 Aug 2025 | HK$85.4b | HK$68.8b | HK$5.3b | 6.9x | 16.2x | 1.2x |
| Sun, 20 Jul 2025 | HK$85.9b | HK$69.0b | HK$5.3b | 6x | 16.3x | 1.2x |
| Tue, 17 Jun 2025 | HK$84.7b | HK$69.3b | HK$5.7b | 5.8x | 14.9x | 1.2x |
| Thu, 15 May 2025 | HK$78.7b | HK$69.0b | HK$5.7b | 6.3x | 13.9x | 1.1x |
| Sat, 12 Apr 2025 | HK$77.3b | HK$68.3b | HK$5.6b | 6x | 13.7x | 1.1x |
| Mon, 10 Mar 2025 | HK$75.1b | HK$72.5b | HK$6.4b | 4.1x | 11.7x | 1x |
| Wed, 05 Feb 2025 | HK$71.3b | HK$72.5b | HK$6.4b | 4.8x | 11.2x | 1x |
| Fri, 03 Jan 2025 | HK$79.8b | HK$72.2b | HK$6.4b | 4.9x | 12.6x | 1.1x |
| Sun, 01 Dec 2024 | HK$64.2b | HK$72.5b | HK$6.4b | 4.1x | 10.1x | 0.9x |
| Tue, 29 Oct 2024 | HK$70.5b | HK$73.1b | HK$6.6b | 4.9x | 10.7x | 1x |
| Thu, 26 Sep 2024 | HK$66.9b | HK$73.7b | HK$6.6b | 4x | 10.1x | 0.9x |
| Sat, 24 Aug 2024 | HK$61.0b | HK$77.8b | HK$6.2b | 4.7x | 9.8x | 0.8x |
| Mon, 22 Jul 2024 | HK$60.8b | HK$77.1b | HK$6.2b | 5x | 9.8x | 0.8x |
| Wed, 19 Jun 2024 | HK$68.4b | HK$78.6b | HK$6.4b | 4.9x | 10.7x | 0.9x |
| Fri, 17 May 2024 | HK$70.2b | HK$78.8b | HK$6.4b | 4.9x | 11x | 0.9x |
| Sun, 14 Apr 2024 | HK$54.4b | HK$77.8b | HK$6.4b | 4.7x | 8.5x | 0.7x |
| Tue, 12 Mar 2024 | HK$63.4b | HK$77.6b | HK$7.5b | 4.6x | 8.4x | 0.8x |
| Thu, 08 Feb 2024 | HK$58.3b | HK$77.8b | HK$7.5b | 4.5x | 7.7x | 0.7x |
| Sat, 06 Jan 2024 | HK$70.5b | HK$77.7b | HK$7.5b | 4.5x | 9.4x | 0.9x |
| Mon, 04 Dec 2023 | HK$62.5b | HK$77.7b | HK$7.5b | 4.2x | 8.3x | 0.8x |
| Wed, 01 Nov 2023 | HK$64.4b | HK$77.4b | HK$7.7b | 4.4x | 8.4x | 0.8x |
| Fri, 29 Sep 2023 | HK$67.9b | HK$78.2b | HK$8.1b | 4.4x | 8.4x | 0.9x |
| Sun, 27 Aug 2023 | HK$73.2b | HK$78.7b | HK$7.5b | 7x | 9.8x | 0.9x |
| Tue, 25 Jul 2023 | HK$76.2b | HK$78.9b | HK$7.5b | 6.9x | 10.1x | 1x |
| Thu, 22 Jun 2023 | HK$79.3b | HK$76.4b | HK$7.4b | 5.9x | 10.7x | 1x |
| Sat, 20 May 2023 | HK$83.3b | HK$76.8b | HK$7.4b | 6.3x | 11.3x | 1.1x |
| Mon, 17 Apr 2023 | HK$88.3b | HK$77.3b | HK$7.6b | 6.4x | 11.6x | 1.1x |
| Wed, 15 Mar 2023 | HK$87.5b | HK$80.8b | HK$8.7b | 6x | 10.1x | 1.1x |
| Fri, 10 Feb 2023 | HK$97.2b | HK$81.0b | HK$8.7b | 6.6x | 11.2x | 1.2x |
Price to Earnings Ratio
11.2x
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 17.5x 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 | -0.75% | |
| Utilities | -1.08% | |
| Water Utilities | 4.08% | |
| Water | 4.08% | |
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$7.46 | 6.0% +HK$2.7b | 25.0% | PE10.7x | |
| 371 Beijing Enterprises Water Group | HK$2.82 | 8.5% +HK$2.2b | 32.4% | PE18.8x | |
| 1853 Jilin Province Chuncheng Heating | HK$2.00 | 11.1% +HK$93.3m | 25.0% | PE14.1x | |
| 6136 Kangda International Environmental | HK$0.53 | 6.0% +HK$69.2m | 86.0% | PE6.7x | |
| 2281 Luzhou Xinglu Water (Group) | HK$0.76 | 2.7% +HK$17.2m | 28.8% | PE3.1x |
