Upcoming Dividend • Apr 30
Upcoming dividend of S$0.011 per share Eligible shareholders must have bought the stock before 07 May 2026. Payment date: 29 May 2026. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 6.1%. Lower than top quartile of Hong Kong dividend payers (6.8%). In line with average of industry peers (5.7%). Reported Earnings • Apr 02
Full year 2025 earnings released: EPS: CN¥0.24 (vs CN¥0.23 in FY 2024) Full year 2025 results: EPS: CN¥0.24 (up from CN¥0.23 in FY 2024). Revenue: CN¥7.07b (down 6.9% from FY 2024). Net income: CN¥610.4m (flat on FY 2024). Profit margin: 8.6% (up from 8.0% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Declared Dividend • Mar 08
Dividend of S$0.011 announced Shareholders will receive a dividend of S$0.011. Ex-date: 7th May 2026 Payment date: 29th May 2026 Dividend yield will be 1.0%, which is lower than the industry average of 11%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 2.5% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Duyuru • Mar 05
SIIC Environment Holdings Ltd., Annual General Meeting, Apr 29, 2026 SIIC Environment Holdings Ltd., Annual General Meeting, Apr 29, 2026. Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: CN¥0.24 (vs CN¥0.23 in FY 2024) Full year 2025 results: EPS: CN¥0.24 (up from CN¥0.23 in FY 2024). Revenue: CN¥7.07b (down 6.9% from FY 2024). Net income: CN¥610.4m (flat on FY 2024). Profit margin: 8.6% (up from 8.0% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. 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 Risks Interest payments are not well covered by earnings (2.6x net interest cover). Earnings have declined by 1.4% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Dividend is not well covered by cash flows (dividend per share is over 8x cash flows per share). Duyuru • 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 New Risk • Aug 13
New major risk - Revenue and earnings growth Earnings have declined by 1.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Earnings have declined by 1.4% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (dividend per share is over 8x cash flows per share). Reported Earnings • Aug 13
First half 2025 earnings released: EPS: CN¥0.13 (vs CN¥0.13 in 1H 2024) First half 2025 results: EPS: CN¥0.13 (up from CN¥0.13 in 1H 2024). Revenue: CN¥3.18b (down 4.4% from 1H 2024). Net income: CN¥344.3m (up 7.1% from 1H 2024). Profit margin: 11% (up from 9.7% in 1H 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Duyuru • 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 Upcoming Dividend • May 01
Upcoming dividend of S$0.011 per share Eligible shareholders must have bought the stock before 08 May 2025. Payment date: 30 May 2025. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 6.6%. Lower than top quartile of Hong Kong dividend payers (7.9%). Higher than average of industry peers (5.5%). Reported Earnings • Apr 05
Full year 2024 earnings released: EPS: CN¥0.23 (vs CN¥0.23 in FY 2023) Full year 2024 results: EPS: CN¥0.23 (in line with FY 2023). Revenue: CN¥7.60b (flat on FY 2023). Net income: CN¥605.1m (flat on FY 2023). Profit margin: 8.0% (in line with FY 2023). Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 8% per year. Declared Dividend • Mar 07
Dividend of S$0.011 announced Shareholders will receive a dividend of S$0.011. Ex-date: 8th May 2025 Payment date: 30th May 2025 Dividend yield will be 1.2%, which is lower than the industry average of 11%. Sustainability & Growth Dividend is covered by earnings (25% 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 2.9% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Duyuru • Mar 05
SIIC Environment Holdings Ltd., Annual General Meeting, Apr 29, 2025 SIIC Environment Holdings Ltd., Annual General Meeting, Apr 29, 2025. Reported Earnings • Feb 28
Full year 2024 earnings released: EPS: CN¥0.23 (vs CN¥0.23 in FY 2023) Full year 2024 results: EPS: CN¥0.23 (in line with FY 2023). Revenue: CN¥7.60b (flat on FY 2023). Net income: CN¥605.1m (flat on FY 2023). Profit margin: 8.0% (in line with FY 2023). Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 12% per year. Duyuru • 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. Duyuru • 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. Duyuru • 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 12% per year. Duyuru • 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 Duyuru • 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 8% per year. Duyuru • 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 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. Duyuru • 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. Duyuru • 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 05
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 12% per year, which means it is significantly lagging earnings. Duyuru • 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 10
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 3.6%, which is lower than the industry average of 11%. 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. Duyuru • Mar 09
SIIC Environment Holdings Ltd., Annual General Meeting, Apr 29, 2024 SIIC Environment Holdings Ltd., Annual General Meeting, Apr 29, 2024. Reported Earnings • Feb 28
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 4% per year, which means it is significantly lagging earnings. Duyuru • 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. Duyuru • 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. Duyuru • 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 Duyuru • 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. Duyuru • 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. Duyuru • 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 but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Duyuru • 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 28
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. Upcoming Dividend • Sep 05
Upcoming dividend of HK$0.029 per share at 7.5% yield Eligible shareholders must have bought the stock before 12 September 2023. Payment date: 28 September 2023. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 7.5%. Lower than top quartile of Hong Kong dividend payers (7.6%). Lower than average of industry peers (8.9%). Upcoming Dividend • Aug 24
Upcoming dividend of HK$0.029 per share at 7.5% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 28 September 2023. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 7.5%. Lower than top quartile of Hong Kong dividend payers (7.9%). Lower than average of industry peers (9.2%). Reported Earnings • Aug 12
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 remained flat, which means it is significantly lagging earnings. Duyuru • 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. Duyuru • 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 Duyuru • 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 HK$0.059 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%. Lower than top quartile of Hong Kong dividend payers (7.5%). In line with average of industry peers (7.6%). Reported Earnings • Apr 07
Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat 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 exceeded analyst estimates by 7.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is expected to decline by 3.7% p.a. on average during the next 2 years, while revenues in the Water Utilities industry in Asia are expected to grow by 10.0%. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 26
Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat 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 exceeded analyst estimates by 7.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is expected to decline by 3.7% p.a. on average during the next 2 years, while revenues in the Water Utilities industry in Asia are expected to grow by 9.9%. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Duyuru • 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 Water Utilities industry in Asia are expected to grow by 11%. 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 13% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 24
Upcoming dividend of HK$0.029 per share Eligible shareholders must have bought the stock before 31 August 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 7.1%. Lower than top quartile of Hong Kong dividend payers (8.3%). In line with average of industry peers (7.6%). Reported Earnings • May 16
First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2022 results: EPS: CN¥0.068 (up from CN¥0.062 in 1Q 2021). 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). Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 2.9%, compared to a 8.4% growth forecast for the industry in Hong Kong. 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 12% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 12
Upcoming dividend of HK$0.057 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: 8.7%. Within top quartile of Hong Kong dividend payers (7.8%). Higher than average of industry peers (6.1%). 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 04
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%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 5.0%, compared to a 5.4% growth forecast for the industry in Hong Kong. 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 16% per year, which means it is significantly lagging earnings. 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%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 4.7%, compared to a 4.7% growth forecast for the industry in Hong Kong. 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. 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 8% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improved over the past week After last week's 31% share price gain to HK$1.65, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 13x in the Water Utilities industry in Asia. Total returns to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$3.15 per share. Upcoming Dividend • Aug 24
Upcoming dividend of HK$0.029 per share Eligible shareholders must have bought the stock before 31 August 2021. Payment date: 30 September 2021. Trailing yield: 5.3%. Lower than top quartile of Hong Kong dividend payers (6.7%). In line with average of industry peers (5.4%). Reported Earnings • Aug 09
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 18% per year, which means it is significantly lagging earnings. 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 11
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 18 May 2021. Payment date: 31 May 2021. Trailing yield: 4.1%. Lower than top quartile of Hong Kong dividend payers (5.9%). Lower than average of industry peers (5.2%). 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 17% 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 24% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 12
New 90-day high: HK$1.16 The company is up 9.0% from its price of HK$1.06 on 11 December 2020. The Hong Kong market is up 13% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Water Utilities industry, which is also up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$1.83 per share. Analyst Estimate Surprise Post Earnings • Feb 27
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates by 7.2%. Over the next year, revenue is forecast to grow 14%, compared to a 5.2% growth forecast for the Water Utilities industry in Hong Kong. Reported Earnings • Feb 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). Is New 90 Day High Low • Jan 15
New 90-day high: HK$1.11 The company is up 3.0% from its price of HK$1.08 on 16 October 2020. The Hong Kong market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$1.80 per share. Is New 90 Day High Low • Dec 28
New 90-day low: HK$1.03 The company is down 3.0% from its price of HK$1.06 on 29 September 2020. The Hong Kong market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$1.67 per share. Recent Insider Transactions • Dec 16
Independent Non-Executive Director recently bought HK$1.0m worth of stock On the 14th of December, Ming Zhong bought around 1m shares on-market at roughly HK$1.02 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. Is New 90 Day High Low • Nov 30
New 90-day low: HK$1.05 The company is down 8.0% from its price of HK$1.14 on 01 September 2020. The Hong Kong market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$1.43 per share. 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. 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. Is New 90 Day High Low • Sep 30
New 90-day low: HK$1.06 The company is down 15% from its price of HK$1.25 on 02 July 2020. The Hong Kong market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed 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 HK$1.42 per share. 