CHINA EVERBRIGHT WATER Reports 11.4% Decrease in Revenue for Q2 FY2023

August 12, 2023

🌥️Earnings Overview

CHINA EVERBRIGHT WATER ($SGX:U9E) announced their Q2 FY2023 earnings results on June 30, 2023, showing total revenue at HKD 3082.0 million, which was an 11.4% decrease compared to the same period in the prior year. Despite this, their net income increased 21.6% to HKD 632.2 million.


GoodWhale recently conducted an analysis of CHINA EVERBRIGHT WATER’s wellbeing. The results showed that CHINA EVERBRIGHT WATER has a strong rating in dividend, growth, and profitability, but is only moderate in asset. Based on these results, GoodWhale has classified CHINA EVERBRIGHT WATER as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Given the company’s strong dividends and growth potential, it may be of interest to investors looking for a medium-term return on their investment. However, the company has a low health score of 2/10 considering its cashflows and debt, which could mean that it is less likely to pay off debt and fund future operations. This should be taken into consideration by potential investors when making their decision. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis
  • About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for U9E. More…

    Total Revenues Net Income Net Margin
    6.33k 1.12k 17.9%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for U9E. More…

    Operations Investing Financing
    -654.64 -101.87 -550.52
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for U9E. More…

    Total Assets Total Liabilities Book Value Per Share
    33.52k 20.28k 4.2
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for U9E are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    6.9% 13.0% 34.1%
    FCF Margin ROE ROA
    -12.3% 11.3% 4.0%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items

  • Peers

    The company’s main competitors are Kangda International Environmental Co Ltd, Beijing Enterprises Water Group Ltd, and Purifloh Ltd.

    – Kangda International Environmental Co Ltd ($SEHK:06136)

    Kangda International Environmental Co Ltd is a Chinese company that provides environmental protection products and services. The company has a market capitalization of 1.24 billion as of 2022 and a return on equity of 12.47%. The company’s products and services include air pollution control, water pollution control, and solid waste management.

    – Beijing Enterprises Water Group Ltd ($SEHK:00371)

    Beijing Enterprises Water Group Ltd is a leading water and wastewater services provider in China. The company has a market cap of 18.89B as of 2022 and a return on equity of 11.89%. Beijing Enterprises Water Group Ltd provides water and wastewater treatment services to residential, commercial and industrial customers in China. The company also operates a water and wastewater treatment plant in Beijing.

    – Purifloh Ltd ($ASX:PO3)

    Purifloh Ltd is a market leader in water treatment and filtration solutions. The company has a strong focus on research and development, and its products are used in a variety of industries including food and beverage, pharmaceuticals, and cosmetics. Purifloh’s products are known for their quality and reliability, and the company has a strong reputation in the marketplace. Purifloh’s shares are traded on the London Stock Exchange, and the company has a market capitalization of 11.35 million GBP as of 2022. The company’s return on equity is 6.46%.


    CHINA EVERBRIGHT WATER’s Q2 FY2023 results showed total revenue of HKD 3082.0 million, a decrease of 11.4% year-over-year.

    However, the company saw an increase in net income of 21.6%, to HKD 632.2 million compared to the same period in the previous year. The stock price was positively impacted on the same day. For investors, this could be an opportunity to capitalize on CHINA EVERBRIGHT WATER’s performance. The company’s increased net income indicates profitability and cost management, while the revenue decrease highlights a potential need for new sales strategies. Investors should consider these factors when deciding if CHINA EVERBRIGHT WATER is a good investment.

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