Announcement • Apr 22
China Everbright Water Limited Approves Final One-Tier Tax Exempt Dividend for the Financial Year Ended December 31, 2025 China Everbright Water Limited at the annual general meeting of the Company held on 22 April 2026 approved declaration of a final one-tier tax exempt dividend of Hong kong Cents 4.22 (equivalent to Singapore cents 0.69) per ordinary share for the financial year ended 31 December 2025. Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: HK$0.29 (vs HK$0.36 in FY 2024) Full year 2025 results: EPS: HK$0.29 (down from HK$0.36 in FY 2024). Revenue: HK$5.36b (down 22% from FY 2024). Net income: HK$842.5m (down 17% from FY 2024). Profit margin: 16% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Declared Dividend • Mar 02
Final dividend of S$0.0069 announced Shareholders will receive a dividend of S$0.0069. Ex-date: 27th April 2026 Payment date: 22nd May 2026 Dividend yield will be 7.0%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 69% to shift the payout ratio to a potentially unsustainable range, which is more than the 3.8% EPS decline seen over the last 5 years. New Risk • Feb 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (2.9% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Paying a dividend despite having no free cash flows. Announcement • Feb 27
China Everbright Water Limited, Annual General Meeting, Apr 22, 2026 China Everbright Water Limited, Annual General Meeting, Apr 22, 2026. Announcement • Jan 28
China Everbright Water Limited Announces Cessation of Wang Yuexing as Executive Director and Member of the Strategy Committee , Effective February 2, 2026 China Everbright Water Limited, together with its subsidiaries, the " Group ") announced that due to internal management restructuring, Mr. Wang Yuexing (" Mr. Wang ") will relinquish his roles as an executive Director, the Vice President and a member of the Strategy Committee of the Company with effect from 2 February 2026. Thereafter, Mr. Wang will continue to provide support to the Company in his capacity as a Senior Advisor. Announcement • Jan 26
China Everbright Water Limited to Report Fiscal Year 2025 Results on Feb 27, 2026 China Everbright Water Limited announced that they will report fiscal year 2025 results on Feb 27, 2026 Declared Dividend • Aug 14
First half dividend of S$0.0099 announced Shareholders will receive a dividend of S$0.0099. Ex-date: 27th August 2025 Payment date: 12th September 2025 Dividend yield will be 8.0%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (34% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 23% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 4.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 13
First half 2025 earnings released: EPS: HK$0.20 (vs HK$0.20 in 1H 2024) First half 2025 results: EPS: HK$0.20 (down from HK$0.20 in 1H 2024). Revenue: HK$3.28b (down 2.2% from 1H 2024). Net income: HK$563.8m (down 3.0% from 1H 2024). Profit margin: 17% (in line with 1H 2024). Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has fallen by 3% per year and the company’s share price has also fallen by 3% per year. Announcement • Jul 29
China Everbright Water Limited to Report First Half, 2025 Results on Aug 12, 2025 China Everbright Water Limited announced that they will report first half, 2025 results on Aug 12, 2025 Upcoming Dividend • Apr 21
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 28 April 2025. Payment date: 23 May 2025. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 8.4%. Within top quartile of Singaporean dividend payers (6.1%). Higher than average of industry peers (4.2%). Reported Earnings • Apr 01
Full year 2024 earnings released: EPS: HK$0.36 (vs HK$0.41 in FY 2023) Full year 2024 results: EPS: HK$0.36 (down from HK$0.41 in FY 2023). Revenue: HK$6.85b (up 2.2% from FY 2023). Net income: HK$1.02b (down 14% from FY 2023). Profit margin: 15% (down from 18% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Board Change • Apr 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Sandy Chan was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Feb 27
Final dividend of S$0.01 announced Shareholders will receive a dividend of S$0.01. Ex-date: 28th April 2025 Payment date: 23rd May 2025 Dividend yield will be 8.6%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 49% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 3.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: HK$0.36 (vs HK$0.41 in FY 2023) Full year 2024 results: EPS: HK$0.36 (down from HK$0.41 in FY 2023). Revenue: HK$6.85b (up 2.2% from FY 2023). Net income: HK$1.02b (down 14% from FY 2023). Profit margin: 15% (down from 18% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings. Announcement • Jan 24
China Everbright Water Limited to Report Fiscal Year 2024 Results on Feb 25, 2025 China Everbright Water Limited announced that they will report fiscal year 2024 results on Feb 25, 2025 Reported Earnings • Aug 17
First half 2024 earnings released: EPS: HK$0.20 (vs HK$0.22 in 1H 2023) First half 2024 results: EPS: HK$0.20 (down from HK$0.22 in 1H 2023). Revenue: HK$3.35b (up 8.8% from 1H 2023). Net income: HK$581.1m (down 8.1% from 1H 2023). Profit margin: 17% (down from 21% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 2% per year. Declared Dividend • Aug 15
First half dividend of S$0.011 announced Shareholders will receive a dividend of S$0.011. Ex-date: 27th August 2024 Payment date: 11th September 2024 Dividend yield will be 8.7%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 27% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 8.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jul 30
China Everbright Water Limited to Report First Half, 2024 Results on Aug 13, 2024 China Everbright Water Limited announced that they will report first half, 2024 results on Aug 13, 2024 Reported Earnings • Apr 05
Full year 2023 earnings released: EPS: HK$0.41 (vs HK$0.35 in FY 2022) Full year 2023 results: EPS: HK$0.41 (up from HK$0.35 in FY 2022). Revenue: HK$6.70b (flat on FY 2022). Net income: HK$1.19b (up 18% from FY 2022). Profit margin: 18% (up from 15% in FY 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Apr 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Peter Ng was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 14
China Everbright Water Limited Announces CFO Changes, Effective 18 March 2024 The board of directors of China Everbright Water Limited announced that due to changes in work arrangements, Mr. Luo Junling will resign as the Chief Financial Officer of the Company with effect from 18 March 2024. The Board announced that Mr. Song Libin will be appointed as the CFO with effect from 18 March 2024. Mr. Song, aged 41, has extensive experience in accounting management. Mr. Song is currently the Deputy General Manager of the finance department of China Everbright Environment Group Limited and will resign from this position with effect from 18 March 2024. Prior to joining Everbright Environment, he was the Deputy Financial Director of Southwest Regional Liquefied Petroleum Gas Operation Centre of China Gas Holdings Limited and the Financial Director of Guangxi Zhongyou Energy Co. Ltd. under China Gas. Mr. Song holds a Bachelor's degree in Management and Law from Tiangong University. He has also completed an Advanced Finance Programme at the University of International Business and Economics. He is a Certified Public Accountant in China. Announcement • Mar 13
China Everbright Water Limited Announces Management Changes, Effective 18 March 2024 The board (the "Board") of directors (the "Directors") of China Everbright Water Limited (the "Company", together with its subsidiaries, the "Group") announced that due to changes in work arrangements, Mr. Luo Junling ("Mr. Luo") will resign as an executive Director and a member of the Strategy Committee and the Alternate Authorised Representative to Mr. Luan Zusheng with effect from 18 March 2024. The Board announced that Mr. Wang Yuexing ("Mr. Wang") will be appointed as an executive Director and a member of the Strategy Committee and the Alternate Authorised Representative to Mr. Luan Zusheng with effect from 18 March 2024. Mr. Wang, aged 54, has extensive experience in engineering construction and operations management. Mr. Wang is currently the Vice President of the Company, and is also a director and/or the general manager of several subsidiaries of the Company, including but not limited to Everbright Water (Ji'nan) Limited and Everbright Water (Ji'nan Licheng) Limited. Mr. Wang was formerly the Deputy General Manager of Everbright Environmental Protection Technological Development (Beijing) Limited and Everbright Environmental Protection Engineering (Shenzhen) Limited, and the Plant Manager of Ji'nan Waste Water Treatment Project (Plant 1). Mr. Wang joined the Group in February 2016. Mr. Wang holds a Master's degree in Environmental Engineering from Tsinghua University, a Master of Business Administration degree from Shandong University and a Bachelor's degree in Civil Engineering from South China University of Technology. Mr. Wang also holds the titles of Certified Cost Engineer and Certified Senior Engineer in China. Declared Dividend • Feb 29
Final dividend of S$0.0099 announced Shareholders will receive a dividend of S$0.0099. Ex-date: 2nd May 2024 Payment date: 24th May 2024 Dividend yield will be 9.6%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 27% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 28
China Everbright Water Limited, Annual General Meeting, Apr 26, 2024 China Everbright Water Limited, Annual General Meeting, Apr 26, 2024. Agenda: To consider dividend. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: HK$0.41 (vs HK$0.35 in FY 2022) Full year 2023 results: EPS: HK$0.41 (up from HK$0.35 in FY 2022). Revenue: HK$6.70b (flat on FY 2022). Net income: HK$1.19b (up 18% from FY 2022). Profit margin: 18% (up from 15% in FY 2022). Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 1% per year. New Risk • Feb 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Paying a dividend despite having no free cash flows. Upcoming Dividend • Aug 17
Upcoming dividend of S$0.011 per share at 8.2% yield Eligible shareholders must have bought the stock before 24 August 2023. Payment date: 08 September 2023. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 8.2%. Within top quartile of Singaporean dividend payers (6.3%). Higher than average of industry peers (4.3%). Reported Earnings • Aug 12
First half 2023 earnings released: EPS: HK$0.22 (vs HK$0.18 in 1H 2022) First half 2023 results: EPS: HK$0.22 (up from HK$0.18 in 1H 2022). Revenue: HK$3.08b (down 11% from 1H 2022). Net income: HK$632.2m (up 22% from 1H 2022). Profit margin: 21% (up from 15% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Aug 12
China Everbright Water Limited Proposes Interim Dividend for the Six Months Ended 30 June 2023, Payable on 31 December 2023 China Everbright Water Limited proposed interim dividend of HKD 0.0663 per share for the Interim Dividend for the six months ended 30 June 2023. Ex-dividend date 24 August 2023, Record date 25 August 2023 and Payment date 08 September 2023. Announcement • Jul 29
China Everbright Water Limited to Report First Half, 2023 Results on Aug 10, 2023 China Everbright Water Limited announced that they will report first half, 2023 results on Aug 10, 2023 Announcement • Jun 17
Everbright Water Secures Jiangyin High-tech Zone WWT Phase I Stage 1 EPCO Project China Everbright Water Limited announced that a consortium led by Everbright Water (the Consortium) has recently secured Jiangyin High-tech Zone Waste Water Treatment Plant ("Jiangyin High-tech Plant" or the "Plant") Phase I Stage 1 EPCO (Design, Procurement, Construction and Operation) Project (the Project). Securing the Project further reinforces Everbright Water's business development strategy to focus on and venture into new business areas and new models by tapping on its traditional business strengths. The Consortium will provide full-cycle services that cover design, procurement, construction and operation for Jiangyin High-tech Plant Phase I Stage 1. Everbright Water will be responsible for the provision of operation and management services of the Plant Phase I Stage 1 and be entitled to collect the waste water treatment service fee with an operation period of eight years; while its subsidiary, Xuzhou Municipal Engineering Design Institute Co. Ltd., will be responsible for the design of the Project. The other member of the Consortium will be responsible for the procurement and construction of the Project. The engineering, procurement and construction contract value for the Project amounts to approximately RMB297 million (excluding the waste water treatment service fee to be collected and charged by Everbright Water). With a total designed industrial waste water treatment capacity of 60,000 m 3/day, Jiangyin High- tech Plant will be implemented in two phases. Among which, Jiangyin High-tech Plant Phase I has a designed industrial waste water treatment capacity of 30,000 m3/day. Jiangyin High-tech Plant Phase I Stage 1 will complete all civil engineering works of the Plant Phase I, procure and install all necessary equipment for the Plant Phase I Stage 1, and establish a supplementary network of waste water collection pipelines and tailwater wetland for an ecological buffer zone. As the first dedicated industrial waste water treatment plant in Jiangyin High-tech Zone, Jiangyin High-tech Plant will mainly provide electronic industrial waste water treatment services to the enterprises located in Jiangyin High-tech Zone's Microelectronics Integrated Circuit Industrial Park. Such industrial park mainly focuses on the development of chip design, integrated circuit packaging and testing, new optical display, optical communication, intelligent fusion terminals, key components and modules, cloud computing and other fields. The industrial park is committed to becoming a leading industrial cluster at home and abroad. The major water quality indicators of the Plant Phase I will comply with the Environmental Quality Standards for Surface Water (GB 3838-2002) ("Surface Water Standards") for Category IV, among which the indicators of NH3-N and TP will comply with the Surface Water Standards for Category III, while other indicators will comply with the national Grade 1A standard according to the Discharge Standard of Pollutants for Municipal Wastewater Treatment Plant (GB 18918-2002). Being the second project secured by Everbright Water based on the EPCO model, the Project not only marks the Company's active exploration and practices of the new model, but also complements the Company's experience in providing services covering waste water pollution management and control, treatment technologies, operations management for the electronics and semiconductor industries. This will also enhance the Company's capability in providing holistic industrial waste water treatment services in the areas of integrated circuit silicon wafer, chip and packaging and testing. The relevant experience and capability will lay a solid foundation for the Company to further tap into the industrial waste water treatment field, ramp up its expansion efforts, and solidify and enhance its market position in the future. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: HK$0.35 (vs HK$0.42 in FY 2021) Full year 2022 results: EPS: HK$0.35 (down from HK$0.42 in FY 2021). Revenue: HK$6.73b (down 2.7% from FY 2021). Net income: HK$1.01b (down 16% from FY 2021). Profit margin: 15% (down from 17% in FY 2021). 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 10% per year, which means it is significantly lagging earnings. Announcement • Jan 28
China Everbright Water Limited to Report Fiscal Year 2022 Results on Feb 28, 2023 China Everbright Water Limited announced that they will report fiscal year 2022 results on Feb 28, 2023 Reported Earnings • Aug 12
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down HK$548.2m from profit in 1H 2021). Profit margin: (down from 18% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 2.0%, compared to a 10% growth forecast for the industry in Singapore. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 21
Upcoming dividend of S$0.012 per share Eligible shareholders must have bought the stock before 28 April 2022. Payment date: 18 May 2022. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 7.1%. Within top quartile of Singaporean dividend payers (5.8%). Higher than average of industry peers (3.9%). Reported Earnings • Mar 01
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: HK$0.42 (up from HK$0.36 in FY 2020). Revenue: HK$6.91b (up 22% from FY 2020). Net income: HK$1.20b (up 17% from FY 2020). Profit margin: 17% (in line with FY 2020). Revenue exceeded analyst estimates by 7.4%. Over the next year, revenue is forecast to grow 4.0%, compared to a 4.9% growth forecast for the industry in Singapore. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 24
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 29 April 2021. Payment date: 17 May 2021. Trailing yield: 8.3%. Within top quartile of Singaporean dividend payers (4.6%). Higher than average of industry peers (3.6%). Reported Earnings • Mar 24
Full year 2020 earnings released: EPS HK$0.36 (vs HK$0.30 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: HK$5.66b (up 2.0% from FY 2019). Net income: HK$1.02b (up 23% from FY 2019). Profit margin: 18% (up from 15% in FY 2019). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 26
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: HK$5.66b (up 2.0% from FY 2019). Net income: HK$1.02b (up 23% from FY 2019). Profit margin: 18% (up from 15% in FY 2019). Analyst Estimate Surprise Post Earnings • Feb 26
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) exceeded analyst estimates by 13%. Over the next year, revenue is forecast to grow 12%, compared to a 5.4% growth forecast for the Water Utilities industry in Singapore. Is New 90 Day High Low • Dec 30
New 90-day high: S$0.23 The company is up 2.0% from its price of S$0.23 on 01 October 2020. The Singaporean market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Water Utilities industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is S$0.27 per share. Is New 90 Day High Low • Oct 16
New 90-day low: S$0.21 The company is down 4.0% from its price of S$0.23 on 17 July 2020. The Singaporean market is down 3.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Water Utilities industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is S$0.24 per share.