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 02, 2026
DataAggregated Company Financials
Companies12
- 7D3.1%
- 3M-0.5%
- 1Y24.3%
- YTDn/a
Over the last 7 days, the Water industry has risen 3.1%, driven by gains from Guangdong Investment of 4.5%. This takes the industry's 12 month performance to a gain of 24%. As for the next few years, earnings are expected to grow by 4.4% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 02 Feb 2026 | HK$89.0b | HK$68.3b | HK$5.1b | 10.2x | 17.5x | 1.3x |
| Wed, 31 Dec 2025 | HK$81.7b | HK$67.9b | HK$5.1b | 9.6x | 16x | 1.2x |
| Fri, 28 Nov 2025 | HK$90.1b | HK$68.2b | HK$5.3b | 10.1x | 17.1x | 1.3x |
| Sun, 26 Oct 2025 | HK$87.0b | HK$67.7b | HK$5.1b | 10.1x | 17.2x | 1.3x |
| Tue, 23 Sep 2025 | HK$86.2b | HK$67.8b | HK$5.1b | 9.9x | 16.9x | 1.3x |
| Thu, 21 Aug 2025 | HK$85.3b | HK$68.9b | HK$5.3b | 6.9x | 16.2x | 1.2x |
| Sat, 19 Jul 2025 | HK$85.9b | HK$69.0b | HK$5.3b | 6x | 16.3x | 1.2x |
| Mon, 16 Jun 2025 | HK$82.7b | HK$69.3b | HK$5.7b | 5.8x | 14.6x | 1.2x |
| Wed, 14 May 2025 | HK$78.4b | HK$68.9b | HK$5.7b | 6.5x | 13.8x | 1.1x |
| Fri, 11 Apr 2025 | HK$78.3b | HK$68.2b | HK$5.6b | 5.8x | 13.9x | 1.1x |
| Sun, 09 Mar 2025 | HK$75.1b | HK$72.5b | HK$6.4b | 4.1x | 11.7x | 1x |
| Tue, 04 Feb 2025 | HK$71.2b | HK$72.6b | HK$6.4b | 4.8x | 11.2x | 1x |
| Thu, 02 Jan 2025 | HK$81.4b | HK$72.2b | HK$6.4b | 4.9x | 12.8x | 1.1x |
| Sat, 30 Nov 2024 | HK$64.2b | HK$73.4b | HK$6.4b | 4.1x | 10x | 0.9x |
| Mon, 28 Oct 2024 | HK$69.7b | HK$73.2b | HK$6.6b | 5x | 10.6x | 1x |
| Wed, 25 Sep 2024 | HK$66.3b | HK$73.7b | HK$6.6b | 3.9x | 10x | 0.9x |
| Fri, 23 Aug 2024 | HK$62.0b | HK$77.8b | HK$6.2b | 4.7x | 9.9x | 0.8x |
| Sun, 21 Jul 2024 | HK$60.8b | HK$77.1b | HK$6.2b | 5x | 9.8x | 0.8x |
| Tue, 18 Jun 2024 | HK$68.6b | HK$78.6b | HK$6.4b | 5.8x | 10.7x | 0.9x |
| Thu, 16 May 2024 | HK$68.8b | HK$78.8b | HK$6.4b | 4.9x | 10.7x | 0.9x |
| Sat, 13 Apr 2024 | HK$54.4b | HK$77.8b | HK$6.4b | 4.7x | 8.5x | 0.7x |
| Mon, 11 Mar 2024 | HK$62.8b | HK$77.6b | HK$7.5b | 4.8x | 8.3x | 0.8x |
| Wed, 07 Feb 2024 | HK$58.5b | HK$77.8b | HK$7.5b | 4.2x | 7.8x | 0.8x |
| Fri, 05 Jan 2024 | HK$70.9b | HK$77.7b | HK$7.5b | 4.5x | 9.4x | 0.9x |
| Sun, 03 Dec 2023 | HK$62.5b | HK$77.7b | HK$7.5b | 4.2x | 8.3x | 0.8x |
| Tue, 31 Oct 2023 | HK$64.9b | HK$77.4b | HK$7.7b | 4.4x | 8.5x | 0.8x |
| Thu, 28 Sep 2023 | HK$67.3b | HK$78.2b | HK$8.1b | 4.4x | 8.3x | 0.9x |
| Sat, 26 Aug 2023 | HK$73.2b | HK$78.8b | HK$7.5b | 7x | 9.7x | 0.9x |
| Mon, 24 Jul 2023 | HK$76.5b | HK$78.9b | HK$7.5b | 6.8x | 10.2x | 1x |
| Wed, 21 Jun 2023 | HK$79.9b | HK$76.5b | HK$7.4b | 6x | 10.8x | 1x |
| Fri, 19 May 2023 | HK$83.9b | HK$76.7b | HK$7.4b | 6.3x | 11.4x | 1.1x |
| Sun, 16 Apr 2023 | HK$88.3b | HK$77.3b | HK$7.6b | 6.4x | 11.6x | 1.1x |
| Tue, 14 Mar 2023 | HK$88.0b | HK$80.8b | HK$8.7b | 6.2x | 10.1x | 1.1x |
| Thu, 09 Feb 2023 | HK$95.6b | HK$81.0b | HK$8.7b | 6.6x | 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 17.5x 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 | 2.21% | |
| Utilities | 0.71% | |
| Water Utilities | 3.10% | |
| Water | 3.10% | |
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$7.40 | 4.5% +HK$2.1b | 24.6% | PE10.6x | |
| 371 Beijing Enterprises Water Group | HK$2.77 | 5.3% +HK$1.4b | 30.0% | PE18.5x | |
| 1853 Jilin Province Chuncheng Heating | HK$1.98 | 19.3% +HK$149.3m | 23.8% | PE14x | |
| 6136 Kangda International Environmental | HK$0.53 | 7.1% +HK$80.7m | 86.0% | PE6.7x | |
| 2281 Luzhou Xinglu Water (Group) | HK$0.77 | 6.9% +HK$43.0m | 30.5% | PE3.2x |
