Announcement • Jun 30
Jiangsu United Water Technology Co.,Ltd. to Report First Half, 2026 Results on Aug 27, 2026 Jiangsu United Water Technology Co.,Ltd. announced that they will report first half, 2026 results on Aug 27, 2026 Declared Dividend • May 30
Dividend of CN¥0.20 announced Shareholders will receive a dividend of CN¥0.20. Ex-date: 4th June 2026 Payment date: 4th June 2026 Dividend yield will be 2.0%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (82% earnings payout ratio) but not covered by cash flows (141% cash payout ratio). The dividend has increased by an average of 42% per year over the past 3 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 9.3% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.5% EPS decline seen over the last 5 years. New Risk • May 23
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.2% Last year net profit margin: 13% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.9% per year over the past 5 years. Minor Risks High level of debt (46% net debt to equity). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.2% net profit margin). Announcement • Apr 30
Jiangsu United Water Technology Co.,Ltd. announced that it expects to receive CNY 300 million in funding Jiangsu United Water Technology Co.,Ltd. announced a private placement of A shares not more than 30% of total share capital at a price of not less than 80% of the average price in the 20 trading days before the pricing reference date for gross proceeds of not more than CNY 300,000,000 on April 28, 2026. The transaction will include participation from not more than 35 investors. The shares cannot be transferred within 6 months from the issuance closing date. The transaction has been approved by the board of directors of the company. The transaction is subject to the approval of the company’s annual shareholders meeting of 2025. Reported Earnings • Apr 28
First quarter 2026 earnings released: EPS: CN¥0.035 (vs CN¥0.03 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.035 (up from CN¥0.03 in 1Q 2025). Revenue: CN¥215.0m (down 15% from 1Q 2025). Net income: CN¥14.9m (up 19% from 1Q 2025). Profit margin: 6.9% (up from 5.0% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Apr 28
Jiangsu United Water Technology Co.,Ltd., Annual General Meeting, May 19, 2026 Jiangsu United Water Technology Co.,Ltd., Annual General Meeting, May 19, 2026, at 13:30 China Standard Time. Location: The Company's Meeting Room, Shanghai China Announcement • Mar 30
Jiangsu United Water Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Jiangsu United Water Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Dec 26
Jiangsu United Water Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Jiangsu United Water Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 New Risk • Nov 04
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Earnings have declined by 1.0% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (7.0% net profit margin). Reported Earnings • Nov 03
Third quarter 2025 earnings released: EPS: CN¥0.06 (vs CN¥0.084 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.06 (down from CN¥0.084 in 3Q 2024). Revenue: CN¥268.7m (down 7.0% from 3Q 2024). Net income: CN¥25.5m (down 29% from 3Q 2024). Profit margin: 9.5% (down from 12% in 3Q 2024). The decrease in margin was driven by lower revenue. Announcement • Sep 30
Jiangsu United Water Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Jiangsu United Water Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 New Risk • Aug 31
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.6% Last year net profit margin: 18% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (8.6% net profit margin). Announcement • Jun 30
Jiangsu United Water Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Jiangsu United Water Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥12.71, the stock trades at a trailing P/E ratio of 35.9x. Average trailing P/E is 27x in the Water Utilities industry in China. Total loss to shareholders of 12% over the past year. Reported Earnings • Apr 25
Full year 2024 earnings released: EPS: CN¥0.35 (vs CN¥0.40 in FY 2023) Full year 2024 results: EPS: CN¥0.35 (down from CN¥0.40 in FY 2023). Revenue: CN¥1.14b (up 1.1% from FY 2023). Net income: CN¥149.9m (down 8.8% from FY 2023). Profit margin: 13% (down from 15% in FY 2023). The decrease in margin was driven by higher expenses. Announcement • Apr 25
Jiangsu United Water Technology Co.,Ltd., Annual General Meeting, May 20, 2025 Jiangsu United Water Technology Co.,Ltd., Annual General Meeting, May 20, 2025, at 13:30 China Standard Time. Location: 36F, Block B, No. 100, Zunyi Road, Shanghai China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥11.03, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 24x in the Water Utilities industry in China. Total loss to shareholders of 15% over the past year. Announcement • Mar 28
Jiangsu United Water Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Jiangsu United Water Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥13.62, the stock trades at a trailing P/E ratio of 30.8x. Average trailing P/E is 21x in the Water Utilities industry in China. Total loss to shareholders of 8.3% over the past year. Announcement • Dec 27
Jiangsu United Water Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Jiangsu United Water Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Announcement • Sep 30
Jiangsu United Water Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Jiangsu United Water Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥11.22, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 11x in the Water Utilities industry in China. Total loss to shareholders of 33% over the past year. Announcement • Jun 28
Jiangsu United Water Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Jiangsu United Water Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 New Risk • May 21
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (131% cash payout ratio). Large one-off items impacting financial results. Announcement • Apr 30
Jiangsu United Water Technology Co.,Ltd., Annual General Meeting, May 20, 2024 Jiangsu United Water Technology Co.,Ltd., Annual General Meeting, May 20, 2024, at 13:30 China Standard Time. Location: 16F, Block B, No. 100, Zunyi Road, Shanghai China Reported Earnings • Apr 29
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.39 (up from CN¥0.34 in FY 2022). Revenue: CN¥1.13b (down 2.5% from FY 2022). Net income: CN¥159.3m (up 23% from FY 2022). Profit margin: 14% (up from 11% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 1.0%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Water Utilities industry in China. Announcement • Mar 29
Jiangsu United Water Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 29, 2024 Jiangsu United Water Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥10.40, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 17x in the Water Utilities industry in China. Announcement • Dec 30
Jiangsu United Water Technology Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 29, 2024 Jiangsu United Water Technology Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 29, 2024 Reported Earnings • Sep 01
Second quarter 2023 earnings released Second quarter 2023 results: EPS: CN¥0.12. Net income: CN¥49.1m (up CN¥49.1m from 2Q 2022). Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥20.21, the stock trades at a trailing P/E ratio of 62.5x. Average trailing P/E is 20x in the Water Utilities industry in China. New Risk • Jul 11
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (10% average weekly change). Announcement • Jun 28
Jiangsu United Water Technology Co.,Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Jiangsu United Water Technology Co.,Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥16.10, the stock trades at a trailing P/E ratio of 52.5x. Average trailing P/E is 21x in the Water Utilities industry in China. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥16.95, the stock trades at a trailing P/E ratio of 55.3x. Average trailing P/E is 22x in the Water Utilities industry in China. Reported Earnings • Mar 27
Full year 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.37 in FY 2021) Full year 2022 results: EPS: CN¥0.34 (down from CN¥0.37 in FY 2021). Revenue: CN¥1.16b (up 11% from FY 2021). Net income: CN¥129.7m (down 7.7% from FY 2021). Profit margin: 11% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. 
