Board Change • 8h
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 4 non-independent directors. Lead Independent Non-Executive Director Kimmis Pun was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Mar 05
SIIC Environment Holdings Ltd., Annual General Meeting, Apr 29, 2026 SIIC Environment Holdings Ltd., Annual General Meeting, Apr 29, 2026. Announcement • Feb 12
SIIC Environment Holdings Ltd. to Report Fiscal Year 2025 Results on Feb 27, 2026 SIIC Environment Holdings Ltd. announced that they will report fiscal year 2025 results on Feb 27, 2026 Announcement • Aug 02
SIIC Environment Holdings Ltd. to Report First Half, 2025 Results on Aug 12, 2025 SIIC Environment Holdings Ltd. announced that they will report first half, 2025 results on Aug 12, 2025 Announcement • Mar 05
SIIC Environment Holdings Ltd., Annual General Meeting, Apr 29, 2025 SIIC Environment Holdings Ltd., Annual General Meeting, Apr 29, 2025. Announcement • Feb 27
SIIC Environment Holdings Ltd. Proposes One-Tier Tax Exempt Final Dividend for the Year Ended 31 December 2024 The Board of SIIC Environment Holdings Ltd. recommended a One-tier tax exempt final dividend of SGD 0.011 per ordinary share for the year ended 31 December 2024, and will seek the approval from the company's shareholders at the annual general meeting. Announcement • Feb 26
SIIC Environment Holdings Ltd. Appoints Zhu Yeliang as Finance Director The board of directors of SIIC Environment Holdings Ltd. announced that Mr. Zhu Yeliang (Mr. Zhu) has been appointed as the finance director of the company (Finance Director) with effect from 26 February 2025. Mr. Zhu will be responsible for overseeing the Group's finance-related matters. Mr. Zhu, aged 41, has many years of work experience in various fields of financial management and corporate management. He is currently a deputy chief financial officer of the Company and a director and a deputy general manager of Longjiang Environmental Protection Group Co., Ltd, etc. Mr. Zhu has worked for KPMG Ireland, ICBC International Holdings Limited, Huadian GE Aero Gas Turbine Equipment Co. Ltd. (joint venture between China Huadian Corporation and General Electric Company), etc. Mr. Zhu also served as a director, deputy general manager, and finance director of Shanghai Fudan Water Engineering Technology Co. Ltd. as well as a director and deputy general manager of SIIC Environmental Holdings (Weifang) Co. Ltd. during the period of working in the Company. Mr. Zhu holds a master's degree in accounting from Michael Smurfit Graduate Business School, University College Dublin, Ireland. He holds professional qualifications from the Institute of Chartered Accountants in Ireland and the Institute of Management Accountants. Announcement • Feb 14
SIIC Environment Holdings Ltd. to Report Fiscal Year 2024 Results on Feb 26, 2025 SIIC Environment Holdings Ltd. announced that they will report fiscal year 2024 results on Feb 26, 2025 Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: CN¥0.069 (vs CN¥0.08 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.069 (down from CN¥0.08 in 3Q 2023). Revenue: CN¥1.95b (down 16% from 3Q 2023). Net income: CN¥178.2m (down 14% from 3Q 2023). Profit margin: 9.1% (up from 8.8% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 10% per year. Announcement • Oct 30
SIIC Environment Holdings Ltd. to Report Q3, 2024 Results on Nov 12, 2024 SIIC Environment Holdings Ltd. announced that they will report Q3, 2024 results on Nov 12, 2024 Announcement • Oct 14
SIIC Environment Holdings Ltd. Announces Executive Changes The board of directors of SIIC ENVIRONMENT HOLDINGS LTD. announced that Mr. Lee Wei Hsiung ("Mr. Lee") has been appointed as one of the joint company secretaries of the Company (the "Joint Company Secretaries") with effect from 14 October 2024 in place of Ms. Sharon Lim Siew Choo ("Ms. Lim") who has resigned as one of the Joint Company Secretaries with effect from 14 October 2024. Mr. Lee Wei Hsiung has held a practicing certificate from Chartered Secretaries Institute of Singapore ("CSIS") and has been an associate of the CSIS since May 2005. Mr. Lee is the head of corporate secretarial of In.Corp Global, one of the Asia Pacific's leading providers of corporate solutions and business advisory. Mr. Lee has more than 20 years of experience in the corporate secretarial profession including but not limited to, all aspects of corporate secretarial compliance, company registration, initial public offering, corporate restructuring and various corporate actions. He has served as company secretary to clients from diverse industries, including private limited companies, financial institutions regulated by the Monetary Authority of Singapore, SGX-listed companies, offshore companies, variable capital companies and not-for-profit charitable organisations. He has served at Tricor Singapore for 22 years, where he led the corporate secretarial practice and managed a team of corporate professionals to provide compliance, governance and regulatory advisory services to the board and management of clients. Mr. Man Yun Wah holds a bachelor's degree in business administration and management and a master's degree in corporate governance. He is currently an associate member of both The Chartered Governance Institute and The Hong Kong Chartered Governance Institute. Mr. Man has extensive experience in the company secretarial profession. He is a director of In.Corp Corporate Services (HK) Limited. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: CN¥0.076 (vs CN¥0.088 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.076 (down from CN¥0.088 in 2Q 2023). Revenue: CN¥1.70b (down 19% from 2Q 2023). Net income: CN¥195.2m (down 14% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 6% per year. Announcement • Jul 29
SIIC Environment Holdings Ltd. to Report First Half, 2024 Results on Aug 08, 2024 SIIC Environment Holdings Ltd. announced that they will report first half, 2024 results on Aug 08, 2024 New Risk • Jun 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.1% average weekly change). Reported Earnings • May 14
First quarter 2024 earnings released: EPS: CN¥0.049 (vs CN¥0.058 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.049 (down from CN¥0.058 in 1Q 2023). Revenue: CN¥1.63b (down 15% from 1Q 2023). Net income: CN¥126.3m (down 16% from 1Q 2023). Profit margin: 7.8% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 4% per year. Announcement • May 11
SIIC Environment Holdings Ltd. Announces Hanxi Wastewater Treatment Project 3Rd Phase in Wuhan City The board of directors of SIIC ENVIRONMENT HOLDINGS LTD. announced that the Company and together with its 80% indirectly-owned subsidiary, Wuhan Hanxi Waste Water Treatment Co., Ltd. has received a letter from the Wuhan Municipal Water Affairs Authority regarding the acceleration of the construction progress of the Hanxi Wastewater Treatment Plant Project 3rd Phase. The letter further confirms that Wuhan Hanxi is the primary implementing entity for the Project. Wuhan Hanxi is owned by the Company, SIIC Environment Holdings (Wuhan) Co., Ltd. and Wuhan Urban Drainage Development Co., Ltd. in the following respective shareholding proportions: 43%, 37% and 20%. The Project's investment value is estimated at RMB 1.64 billion, which will be internally funded by Wuhan Hanxi. The Project has a designed capacity of 200,000 tonnes per day with the dischargestandard as Class I Standard A. The Project has a planned construction period of 3 years and an operation period of 30 years. The Project is not expected to have any material impact on the consolidated net tangible assets and earnings per share of the Company for the financial year ending 31 December 2024. None of the Directors, controlling shareholders or substantial shareholders of the Company has any interest, direct or indirect, in the Project, save for their relevant shareholdings in the Company. As at the date of this announcement, no definitive agreement or document of binding legal force have been entered into in respect of the Project and therefore, details of the Project are subject to changes. Announcement • May 05
SIIC Environment Holdings Ltd. to Report Q1, 2024 Results on May 13, 2024 SIIC Environment Holdings Ltd. announced that they will report Q1, 2024 results on May 13, 2024 Reported Earnings • Apr 04
Full year 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.30 in FY 2022) Full year 2023 results: EPS: CN¥0.23 (down from CN¥0.30 in FY 2022). Revenue: CN¥7.57b (down 8.8% from FY 2022). Net income: CN¥604.0m (down 23% from FY 2022). Profit margin: 8.0% (down from 9.4% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Apr 03
Yeo Guat Kwang Do Not Seek Re-Election as Director of SIIC Environment Holdings Ltd SIIC Environment Holdings Ltd. noted the retirement of Mr. Yeo Guat Kwang, a Director who is retiring pursuant to Regulation 91 of the Constitution of the Company, and is not seeking for re-election, at its AGM to be held on 29 April 2024. Declared Dividend • Mar 11
Final dividend of S$0.006 announced Shareholders will receive a dividend of S$0.006. Ex-date: 16th May 2024 Payment date: 31st May 2024 Dividend yield will be 8.6%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 2.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Mar 09
SIIC Environment Holdings Ltd., Annual General Meeting, Apr 29, 2024 SIIC Environment Holdings Ltd., Annual General Meeting, Apr 29, 2024. Announcement • Feb 28
SIIC Environment Holdings Ltd. Recommends Final Dividend for the Year Ended December 31, 2023 The Board of SIIC Environment Holdings Ltd. has recommended a One-tier tax exempt final dividend of SGD 0.006 per ordinary share for the year ended December 31, 2023 against SGF 0.01 per share a year ago. the company will seek the approval from the Company's shareholders at the annual general meeting. Reported Earnings • Feb 27
Full year 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.30 in FY 2022) Full year 2023 results: EPS: CN¥0.23 (down from CN¥0.30 in FY 2022). Revenue: CN¥7.57b (down 8.8% from FY 2022). Net income: CN¥604.0m (down 23% from FY 2022). Profit margin: 8.0% (down from 9.4% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year. Announcement • Feb 23
SIIC Environment Holdings Ltd. Announces Management Changes SIIC Environment Holdings Ltd. announced that Mr. Zhou Yuding has been appointed as the chairman of the Board, an executive Director, the chairman of the executive committee of the Company, a member of the remuneration committee of the Company and a member of the risk and investment management committee of the Company with effect from 23 February 2024. Mr. Zhou is mainly responsible for the overall corporate strategies, strategic planning and development of the Group. Mr. Zhou, aged 50, possesses extensive experience in corporate management and asset management. He is a senior economist of the People's Republic of China. He is currently a director of Shanghai Research Institute of Building Sciences Group Co. Ltd., a director and the general manager of the asset management department of Shanghai Industrial Investment (Holdings) Co., Ltd, a director of, a director of Shanghai Galaxy Investments Co. Ltd., a director of Shanghai SIIC Capital Management Co. Ltd., a director of Tianjin Trust Co. Ltd., the chairman of Nanfang Water Services Co. Ltd. and the chairman of Shanghai State-owned Capital Investment Parent Fund Co. Ltd. He served in a number of significant positions, including but not limited to the deputy director of the office of Shanghai Municipal State-owned Assets Supervision and Administration Commission, the deputy director of the allocation and guarantee division, the deputy director of the property rights management division and the director of the comprehensive coordination division of Shanghai Municipal State-owned Assets Supervision and Administration Commission. Mr. Zhou graduated from Fudan University with master's degree in Information Management and Information Systems in July 1996. CHANGE OF COMPOSITION OF BOARD COMMITTEE: Mr. Zhu Dazhi has been redesignated from the chairman to a member of the Executive Committee with effect from 23 February 2024. Announcement • Feb 20
SIIC Environment Holdings Ltd. to Report Fiscal Year 2023 Results on Feb 26, 2024 SIIC Environment Holdings Ltd. announced that they will report fiscal year 2023 results at 5:00 PM, Singapore Standard Time on Feb 26, 2024 Announcement • Feb 16
Siic Environment Holdings Ltd. Announces Resignation of Mr. Tang Congliang as the Chief Financial Officer The board of directors of SIIC Environment Holdings Ltd. announced that Mr. Tang Congliang (Mr. Tang) has tendered his resignation as the chief financial officer of the Company to pursue career changes and developments, with his last day of employment being 15 February 2024. The Company is in the course of identifying a suitable candidate for the position of chief financial officer and will make an announcement in this regard as and when appropriate. In the interim, the deputy chief financial officer of the Company will assume the duties of the chief financial officer. Announcement • Nov 21
SIIC Environment Holdings Ltd. Announces the Cessation of Zhou Jun as Non-Executive Chairman and Member of the Remuneration Committee SIIC Environment Holdings Ltd. announced the cessation of Mr. Zhou Jun as Non-Executive Chairman and Member of the Remuneration Committee. Other Director Ships Past: Director of: Shanghai Industrial Urban Development Group Limited Zhejiang Expressway Co. Ltd. Other DirectorShips Present: Director of: Shanghai Industrial Investment (Holdings) Co. Ltd. Shanghai Industrial Holdings Limited Shanghai Pharmaceuticals Holding Co. Ltd. Essence Ocean Investment Limited Gold Feather Holdings Limited Green Source Medical Trading Limited Joy Century Investments Limited Novel Good Limited S.I. Feng Mao Properties (BVI) Limited S.I. Feng Mao Properties Limited S.I. Feng Ze Properties Holdings Limited S.I. Feng Ze Properties Limited S.I. Hu Bin Properties Holdings Limited S.I Hu Bin Properties Limited S.I. Hu-Hang Development Limited S.I. Information Technology Holdings Limited S.I. Infrastructure (Hu-Hang) Limited S.I. Infrastructure (Hu-Ning) Limited S.I. Infrastructure (Shen-Yu) Limited S.I. Infrastructure Bridge (Hong Kong) Limited S.I. Infrastructure Holdings Limited S.I. Mighty Century Limited S.I. Nanyang Tobacco Holdings Ltd. S.I. Pharmaceuticals Group Limited S.I. Printing Holdings Ltd. S.I. Properties Development Holdings (BVI) Limited S.I. Properties Development Limited S.I. Properties Holdings Limited S.I. Shen-Yu Development Limited S.I. Smart Charmer Limited S.I. Software Development Holdings Limited S.I. Technology Holdings Limited S.I. Technology Venture Capital Limited S.I. Triumph Power Limited S.I. Urban Development Holdings Limited S.I. Yield Express Limited S.I. Ze Rong Limited Shanghai Galaxy Investments Co. Ltd. Shanghai Overseas United Investment Co. Ltd. Shanghai SIIC Capital Management Co. Ltd. SIHL Finance Limited SIHL Treasury Limited Silvery Champ Limited SIMST eMedical Network Limited Sky Focus Development Limited Sure Advance Holdings Limited True Victor Holdings Limited Shanghai Shang Shi (Group) Co. Ltd. Shanghai Pharmaceuticals Holding Co.,Ltd. Shanghai Capital of Culture Industry Management Co. Ltd. Reason For Cessation: Mr. Zhou has resigned from the positions of the Chairman of the Board, a non-executive Director and a member of the Remuneration Committee of the Company as he cannot devote sufficient time to implement duties due to personal matters. Upon resignation, Mr. Zhou will no longer hold any position in the Group. Announcement • Nov 19
SIIC Environment Holdings Ltd. Announces Change of Joint Company Secretaries SIIC Environment Holdings Ltd. announced that Ms. Sharon Lim Siew Choo ("Ms. Lim") has been appointed as one of the joint company secretaries of the Company (the "Joint Company Secretaries") with effect from 17 November 2023 in place of Ms. Shirley Tan Sey Liy ("Ms. Tan") who has resigned as one of the Joint Company Secretaries with effect from 17 November 2023. Ms. Lim does not currently possess the qualifications of company secretary as required under Rule 3.28 of the Hong Kong Listing Rules. Therefore, Mr. Man Yun Wah ("Mr. Man"), an existing Joint Company Secretary of the Company who possesses such qualifications, will work closely with Ms. Lim in the compliance matters for the Hong Kong Listing Rules as well as other Hong Kong regulatory requirements and in the discharge of her duties and responsibilities as a Joint Company Secretary. Ms. Sharon Lim Siew Choo has held a practicing certificate from the Singapore Association of Institute of Chartered Secretaries and Administration ("SAICSA") and has been an associate of the SAICSA since January 2001. Ms. Lim holds a Diploma in Accountancy from Ngee Ann Polytechnic in Singapore. She is the head of corporate secretarial of In.Corp Global, one of the Asia Pacific's leading providers of corporate solutions and business advisory. Ms. Lim has over 25 years of experience in leadership and acting as company secretary of private and publicly-listed companies, SGX-listed REITs and business trusts, funds, trustees, foreign and offshore companies, and non-profit organizations in Singapore. She has assisted companies with global entity management across Singapore, Hong Kong Indonesia, Malaysia, Japan and Vietnam. Mr. Man Yun Wah holds a bachelor's degree in business administration and management and a master's degree in corporate governance. He is currently an associate member of both The Chartered Governance Institute and The Hong Kong Chartered Governance Institute. Mr. Man has extensive experience in the company secretarial profession. He is a director of In.Corp Corporate Services (HK) Limited, one of the Asia Pacific's leading providers of corporate solutions and business advisory. Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: CN¥0.08 (vs CN¥0.08 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.08 (in line with 3Q 2022). Revenue: CN¥2.33b (up 11% from 3Q 2022). Net income: CN¥206.0m (flat on 3Q 2022). Profit margin: 8.8% (down from 9.8% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 10% per year. Announcement • Nov 04
SIIC Environment Holdings Ltd. to Report Nine Months, 2023 Results on Nov 14, 2023 SIIC Environment Holdings Ltd. announced that they will report nine months, 2023 results on Nov 14, 2023 Board Change • Oct 29
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Ming Zhong was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: CN¥0.088 (vs CN¥0.074 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.088 (up from CN¥0.074 in 2Q 2022). Revenue: CN¥2.10b (up 10% from 2Q 2022). Net income: CN¥227.3m (up 20% from 2Q 2022). Profit margin: 11% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Aug 12
SIIC Environment Holdings Ltd. Declare Interim Dividend for the Six Months Ended 30 June 2023, Payable on September 28, 2023 SIIC Environment Holdings Ltd. declared interim dividend of SGD 0.005 per share and HKD 5.79374 per share (for Hong Kong shareholder) of the company for the six months ended 30 June 2023. Ex-dividend date is 31 August 2023. Record date is 01 September 2023. Payment date is 28 September 2023. New Risk • Aug 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.7% average weekly change). Announcement • Aug 03
SIIC Environment Holdings Ltd. to Report First Half, 2023 Results on Aug 11, 2023 SIIC Environment Holdings Ltd. announced that they will report first half, 2023 results on Aug 11, 2023 Announcement • Jun 01
SIIC Environment Holdings Ltd. Announces Cessation of Wang Peigang as Deputy General Manager SIIC Environment Holdings Ltd. Announced Cessation of Wang Peigang as Deputy General Manager, His Age 61. Due to having reached the retirement age. Upcoming Dividend • May 12
Upcoming dividend of S$0.01 per share at 7.4% yield Eligible shareholders must have bought the stock before 19 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 7.4%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.0%). Reported Earnings • Apr 06
Full year 2022 earnings released Full year 2022 results: Revenue: CN¥8.30b (up 14% from FY 2021). Net income: CN¥780.2m (up 11% from FY 2021). Profit margin: 9.4% (in line with FY 2021). Revenue is expected to decline by 3.7% p.a. on average during the next 2 years, while revenues in the Global Water Utilities industry are expected to grow by 7.1%. Reported Earnings • Feb 26
Full year 2022 earnings released: EPS: CN¥0.30 (vs CN¥0.27 in FY 2021) Full year 2022 results: EPS: CN¥0.30 (up from CN¥0.27 in FY 2021). Revenue: CN¥8.30b (up 14% from FY 2021). Net income: CN¥780.2m (up 11% from FY 2021). Profit margin: 9.4% (in line with FY 2021). Revenue is expected to decline by 3.7% p.a. on average during the next 2 years, while revenues in the Global Water Utilities industry are expected to grow by 7.6%. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Feb 15
SIIC Environment Holdings Ltd. to Report Q4, 2022 Results on Feb 24, 2023 SIIC Environment Holdings Ltd. announced that they will report Q4, 2022 results on Feb 24, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Hongjun An was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: CN¥0.08 (vs CN¥0.07 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.08 (up from CN¥0.07 in 3Q 2021). Revenue: CN¥2.10b (up 19% from 3Q 2021). Net income: CN¥205.0m (up 13% from 3Q 2021). Profit margin: 9.8% (in line with 3Q 2021). Revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Global Water Utilities industry are expected to grow by 7.3%. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Nov 02
SIIC Environment Holdings Ltd. to Report Q3, 2022 Results on Nov 10, 2022 SIIC Environment Holdings Ltd. announced that they will report Q3, 2022 results on Nov 10, 2022 Announcement • Aug 06
SIIC Environment Holdings Ltd. Declare Interim Dividend for the Six Months Ended 30 June 2022, Payable on September 30, 2022 SIIC Environment Holdings Ltd. declared interim dividend of SGD 0.005 per share for the six months ended 30 June 2022. Ex-dividend date is 31 August 2022. Record date is 01 September 2022. Payment date is 30 September 2022. Announcement • Jul 28
SIIC Environment Holdings Ltd. to Report Q2, 2022 Results on Aug 05, 2022 SIIC Environment Holdings Ltd. announced that they will report Q2, 2022 results at 5:00 PM, Singapore Standard Time on Aug 05, 2022 Announcement • May 27
SIIC Environment Holdings Ltd. Appoints Yang as the Executive Director SIIC Environment Holdings Ltd. announced The Board approved the appointment of Yang as the Executive Director of the Company. Announcement • May 26
SIIC Environment Holdings Ltd. Announces Board Changes The board of directors of SIIC ENVIRONMENT HOLDINGS LTD. announced that Mr. Zhao Youmin (Mr. Zhao) has resigned as an executive director of the company with effect from 25 May 2022 as he would like to devote more time to his personal commitments. The board announced that Mr. Yang Wei (Mr. Yang) has been appointed as an executive director of the company with effect from 25 May 2022. He is responsible for coordinating the relationships of the Group with government authorities. Mr. Yang, aged 39, has extensive experience in energy conservation and environmental advisory fields. He was the Business Manager of the Railway Construction Division from March 2009 to October 2010 and the Secretary of President Office from November 2010 to October 2013 of China Railway Materials Company Limited, the Secretary of the General Office from October 2013 to December 2014 of China Energy Conservation and Environmental Protection Group, served in several management positions in CECEP (Hong Kong) Investment Co. Ltd. as the General Manager of the Capital Operation Department from January 2015 to May 2015, Assistant to the General Manager from June 2015 to September 2018 and Deputy General Manager from October 2018 to February 2022. Mr. Yang is currently an Executive Director and the General Manager of CECEP (Hong Kong) Investment Co. Ltd., and CECEP Environmental Consulting Group. He is also a Director of Carbon Reserve Investments Limited, CECEP (Hong Kong) Treasury Management Co. Ltd., as well as a Non-executive Director of China Geothermal Industry Development Group Limited. Reported Earnings • May 15
First quarter 2022 earnings released First quarter 2022 results: EPS: CN¥0.068. Revenue: CN¥1.78b (up 10% from 1Q 2021). Net income: CN¥175.8m (up 9.8% from 1Q 2021). Profit margin: 9.9% (in line with 1Q 2021). Over the next year, revenue is forecast to grow 2.9%, compared to a 4.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 12
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 19 May 2022. Payment date: 31 May 2022. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 8.6%. Within top quartile of German dividend payers (4.2%). Higher than average of industry peers (3.5%). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Hongjun An was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 03
Full year 2021 earnings released Full year 2021 results: Revenue: CN¥7.27b (up 16% from FY 2020). Net income: CN¥706.2m (up 11% from FY 2020). Profit margin: 9.7% (in line with FY 2020). Over the next year, revenue is forecast to grow 5.0%, compared to a 3.5% growth forecast for the industry in Germany. Reported Earnings • Feb 25
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CN¥0.27 (up from CN¥0.24 in FY 2020). Revenue: CN¥7.27b (up 16% from FY 2020). Net income: CN¥706.2m (up 11% from FY 2020). Profit margin: 9.7% (in line with FY 2020). Revenue exceeded analyst estimates by 5.9%. Over the next year, revenue is forecast to grow 4.7%, compared to a 3.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Feb 25
SIIC Environment Holdings Ltd. Proposes One-Tier Tax Exempt Dividend for the Financial Year Ended December 31, 2021, Payable on May 31, 2022 The board of directors of SIIC Environment Holdings Ltd. announced that the final Dividend (one-tier tax exempt) of SGD 0.01 per ordinary share of the Company (for Singapore shareholders) for the financial year ended 31 December 2021 (Final Dividend), which is subject to approval of shareholders of the Company (the Shareholders) at the annual general meeting of the Company to be held on 29 April 2022 (the Annual General Meeting), would be payable on 31 May 2022 to the Shareholders registered in the Share Transfer Books and Register of Members of the Company as at 5:00 p.m. on 20 May 2022. Announcement • Feb 15
SIIC Environment Holdings Ltd. to Report Fiscal Year 2021 Results on Feb 24, 2022 SIIC Environment Holdings Ltd. announced that they will report fiscal year 2021 results on Feb 24, 2022 Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS CN¥0.07 (vs CN¥0.063 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥1.77b (up 18% from 3Q 2020). Net income: CN¥181.1m (up 11% from 3Q 2020). Profit margin: 10% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 08
Second quarter 2021 earnings released: EPS CN¥0.067 (vs CN¥0.058 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥1.68b (up 5.8% from 2Q 2020). Net income: CN¥172.6m (up 14% from 2Q 2020). Profit margin: 10% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • May 25
SIIC Environment Holdings Ltd. Approves Tax Exempt (One-Tier) Final Dividend for the Financial Year Ended 31 December 2020 SIIC Environment Holdings Ltd. announced that at the Annual General Meeting of the Company held on 30 April 2021 approved a final dividend of 1.0 Singapore cent per share tax exempt (one-tier) for the financial year ended 31 December 2020. Executive Departure • May 13
Executive Director has left the company On the 3rd of May, Jun Feng's tenure as Executive Director ended after 11.4 years in the role. We don't have any record of a personal shareholding under Jun's name. A total of 2 executives have left over the last 12 months. Upcoming Dividend • May 12
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 19 May 2021. Payment date: 31 May 2021. Trailing yield: 4.3%. Within top quartile of German dividend payers (3.2%). In line with average of industry peers (4.0%). Reported Earnings • May 11
First quarter 2021 earnings released: EPS CN¥0.062 (vs CN¥0.05 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥1.62b (up 54% from 1Q 2020). Net income: CN¥160.1m (up 23% from 1Q 2020). Profit margin: 9.9% (down from 12% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS CN¥0.24 (vs CN¥0.23 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥6.25b (up 4.9% from FY 2019). Net income: CN¥635.3m (up 5.8% from FY 2019). Profit margin: 10% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 28
Full year 2020 earnings released: EPS CN¥0.24 (vs CN¥0.23 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥6.25b (up 4.9% from FY 2019). Net income: CN¥635.3m (up 5.8% from FY 2019). Profit margin: 10% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 28
Revenue beats expectations Revenue exceeded analyst estimates by 4.7%. Over the next year, revenue is forecast to grow 14%, compared to a 6.2% growth forecast for the Water Utilities industry in Germany. Announcement • Feb 17
SIIC Environment Holdings Ltd. to Report Fiscal Year 2020 Results on Feb 26, 2021 SIIC Environment Holdings Ltd. announced that they will report fiscal year 2020 results on Feb 26, 2021 Announcement • Jan 22
SIIC Environment Holdings Ltd. Receives Award of 60,000 Tonnes WWTP Project SIIC Environment Holdings Ltd. announced that the Company has awarded a 60,000 tonnes/day Wastewater Treatment Plant ("WWTP") Project in Jiangsu Province. In addition, a total of 330,000 tonnes WWTP Projects have now completed upgrading and commenced commercial operation, and 50,000 tonnes Reclaimed Water Plant Project has commenced commercial operation in Henan and Guangdong Provinces, in the People's Republic of China. Recent Insider Transactions • Dec 16
Independent Non-Executive Director recently bought €109k worth of stock On the 14th of December, Ming Zhong bought around 1m shares on-market at roughly €0.11 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS CN¥0.063 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: CN¥1.51b (down 4.1% from 3Q 2019). Net income: CN¥163.5m (up 9.0% from 3Q 2019). Profit margin: 11% (up from 9.5% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS CN¥0.063 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: CN¥1.51b (down 4.1% from 3Q 2019). Net income: CN¥163.5m (up 9.0% from 3Q 2019). Profit margin: 11% (up from 9.5% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Announcement • Oct 28
SIIC Environment Holdings Ltd. to Report Q3, 2020 Results on Nov 06, 2020 SIIC Environment Holdings Ltd. announced that they will report Q3, 2020 results on Nov 06, 2020 Announcement • Sep 26
SIIC Environment Holdings Ltd. Signed Upgrading, Tariff Increasing, Expansion and Deodorization Agreements of 1,450,000 Tonnes Projects, 45,000 Tonnes Projects Commenced Commercial Operation The Group announced that the SIIC Environment Holdings Ltd. has signed a tariff increasing agreement of 25,000 tonnes Wastewater Treatment Plant ("WWTP") Project in Linhai, Zhejiang Province and signed various upgrading, expansion and deodorization agreement of 1,425,000 tonnes projects in Harbin City as well as a total of 45,000 tonnes WWTPs have commenced commercial operation in Heilongjiang Province, the People's Republic of China (the "PRC"). The Company's indirect wholly-owned subsidiary, SIIC Environment (Taizhou) Water Treatment Co., Ltd, has signed a tariff increasing agreement of Zhejiang Province Chemical Raw Material Site Linhai Park WWTP Project ("Linhai Project") with the People's Government of Linhai. Linhai Project has a designed capacity of 25,000 tonnes per day with discharge standard as CODcr and ammonia nitrogen applied to Class I and others applied to Class II.
The water tariff increase from RMB7 per tonne to RMB 9.44 per tonne or RMB 11.57 per tonne according to the nature of sewage. The Company's indirect 57.9687%-owned subsidiary, Longjiang Environmental Protection Group
Co. Ltd. has signed four agreements with the Bureau of Housing and Urban-Rural Development of Harbin City. Details are as follows: Signed an expansion agreement of the Harbin City Wenchang WWTP Project (Upgrade) ("Wenchang Upgrade Expansion Project"). Wenchang Upgrade Expansion Project has a designed capacity of 50,000 tonnes per day. The discharge standard as Class I Standard A and water tariff is priced at RMB 2.581 per tonne.
Signed an upgrading agreement of the Harbin City Wenchang WWTP Project. Wenchang Upgrading Project has a designed capacity of 650,000 tonnes per day. The discharge standard will be upgrading from Class I Standard B to Class I Standard A and water tariff of the upgrading part is priced at RMB 0.685 per tonne. Signed deodorization agreements of Harbin City Wenchang WWTP Project and Harbin City Taiping WWTP Project respectively. The agreement state that emission standard for odor pollutants will be Grade 2. Wenchang Deodorization Project has a designed capacity of 325,000 tonnes per day and water tariff for deodorization is RMB 0.1037 per tonne. Taiping Deodorization Project has a designed capacity of 325,000 tonnes per day and water tariff for deodorization is RMB0.0901 per tonne. Ningan City WWTP Project ("Ningan Project"), has completed upgrading with designed capacity
of 20,000 tonnes per day and commenced commercial operation retrospectively since December 6, 2019. Ningan Project applied discharge standard as Class I standard A and water tariff is priced at RMB 2 per tonne. Ningan City WWTP Reconstruction and Expansion Project has a designed capacity of 15,000 tonnes per day and has commenced commercial operation retrospectively since December 6, 2019. Ningan Expansion Project applied discharge standard as Class I standard A and water tariff is priced at RMB 2 per tonne. Bayan County Xinglong Town Wastewater Treatment Plant Project has a designed capacity of 10,000 tonnes per day and has commenced commercial operation retrospectively since July 18, 2019. Bayan Project applied discharge standard as Class I standard A and water tariff is priced at RMB 9.1627 million per year. Announcement • Sep 21
SIIC Environment Holdings Ltd.(SGX:BHK) dropped from S&P Global BMI Index SIIC Environment Holdings Ltd.(SGX:BHK) dropped from S&P Global BMI Index