GoAI
Get started
Jilin Province Chuncheng Heating Company Limited logo

Jilin Province Chuncheng Heating Company Limited

1853.HK

HKSEUtilitiesIndependent Power Producers

Open in GoAI

Latest quote

HK$1.25

HK$0.00 · 0.00%

Aug 24, 3:24 PM HKT

1853.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Jilin Province Chuncheng Heating Company Limited operates within the People's Republic of China, primarily delivering crucial heat supply services. The company's multifaceted operations encompass the generation, distribution, and transmission of heat, as well as managing pipeline connections. By the close of 2021, its heating network extended across an impressive area of approximately 61.795 million square meters. In addition to its core heating business, the firm provides various specialized services, including engineering construction and maintenance, comprehensive design, consulting, and feasibility studies for heating-related initiatives, alongside electrical and instrument maintenance and repair, and the supply of biomass heat. Serving roughly 500,000 residential and non-residential clients, the company was established in 2017, is based in Changchun, China, and functions as a subsidiary of Changchun Chuncheng Investment Development Group Company Limited.

Industry
Independent Power Producers
Sector
Utilities
Headquarters
CN
CEO
Chunggang Xu
Listed since
Oct 24, 2019
Employees
1,569

Market position

Day range

Current HK$1.25

52-week range

Current HK$1.25

Open
HK$1.135
Previous close
HK$1.25
Volume
27.5K
1.83× average
Average volume
15.06K
Average daily volume
Market cap
583.37M HKD
Beta
0.45
Market reference 1
50-day average
HK$1.2434
+0.53% above average
200-day average
HK$1.5826
-21.02% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
95.7M CNY
P/E (TTM)
6.46×
P/B (TTM)
0.46×
P/S (TTM)
0.29×
EV / EBITDA
0.38×
Earnings yield
11.87%
Free cash flow yield
13.90%
Dividend yield
2.73%

Profitability & efficiency

Gross margin
16.38%
Operating margin
6.74%
Net margin
4.79%
Return on equity
7.26%
Return on assets
2.28%
Return on invested capital
4.41%

Financial health

Debt / equity
0.43×
Current ratio
1.01×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends21%15%9%3%Gross margin, FY2021: 19.71%Gross margin, FY2022: 13.93%Gross margin, FY2023: 15.69%Gross margin, FY2024: 16.98%Gross margin, FY2025: 12.79%Operating margin, FY2021: 13.55%Operating margin, FY2022: 9.94%Operating margin, FY2023: 10.02%Operating margin, FY2024: 7.65%Operating margin, FY2025: 6.27%Net margin, FY2021: 7.44%Net margin, FY2022: 6.93%Net margin, FY2023: 7.14%Net margin, FY2024: 5.53%Net margin, FY2025: 4.80%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 19.71%. Gross margin FY2022 13.93%. Gross margin FY2023 15.69%. Gross margin FY2024 16.98%. Gross margin FY2025 12.79%. Operating margin FY2021 13.55%. Operating margin FY2022 9.94%. Operating margin FY2023 10.02%. Operating margin FY2024 7.65%. Operating margin FY2025 6.27%. Net margin FY2021 7.44%. Net margin FY2022 6.93%. Net margin FY2023 7.14%. Net margin FY2024 5.53%. Net margin FY2025 4.80%.

Income trends

Revenue

1.66B CNY-8.10%

Operating income

104.02M CNY-24.69%

Net income

79.59M CNY-20.33%
Income trends across reported periods1.98B CNY1.29B CNY597.42M CNY−93.02M CNYRevenue, FY2021: 1.65B CNYRevenue, FY2022: 1.65B CNYRevenue, FY2023: 1.69B CNYRevenue, FY2024: 1.81B CNYRevenue, FY2025: 1.66B CNYOperating income, FY2021: 223.54M CNYOperating income, FY2022: 164.52M CNYOperating income, FY2023: 169.76M CNYOperating income, FY2024: 138.14M CNYOperating income, FY2025: 104.02M CNYNet income, FY2021: 122.76M CNYNet income, FY2022: 114.67M CNYNet income, FY2023: 120.96M CNYNet income, FY2024: 99.9M CNYNet income, FY2025: 79.59M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.65B CNY. Revenue FY2022 1.65B CNY. Revenue FY2023 1.69B CNY. Revenue FY2024 1.81B CNY. Revenue FY2025 1.66B CNY. Operating income FY2021 223.54M CNY. Operating income FY2022 164.52M CNY. Operating income FY2023 169.76M CNY. Operating income FY2024 138.14M CNY. Operating income FY2025 104.02M CNY. Net income FY2021 122.76M CNY. Net income FY2022 114.67M CNY. Net income FY2023 120.96M CNY. Net income FY2024 99.9M CNY. Net income FY2025 79.59M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue1.66B CNY1.81B CNY1.69B CNY1.65B CNY1.65B CNY
Cost of goods sold1.45B CNY1.5B CNY1.43B CNY1.42B CNY1.32B CNY
Gross profit212.32M CNY306.67M CNY265.89M CNY230.44M CNY325.15M CNY
Research and development1.19M CNY1.49M CNY2.32M CNY1.97M CNY2.06M CNY
Selling, general, and administrative104.43M CNY36.81M CNY30.33M CNY28.76M CNY33.34M CNY
Operating expenses108.29M CNY168.53M CNY96.13M CNY95.29M CNY112.17M CNY
Interest income21.94M CNY4.18M CNY17.27M CNY21.39M CNY12.92M CNY
Interest expense17.52M CNY—12.11M CNY9.94M CNY10.45M CNY
Depreciation and amortization145.68M CNY131.19M CNY134.22M CNY137.96M CNY138.93M CNY
Operating income104.02M CNY138.14M CNY169.76M CNY164.52M CNY223.54M CNY
Net income79.59M CNY99.9M CNY120.96M CNY114.67M CNY122.76M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.12

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.210.160.120.07Q3 '20Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q2 '25
Q3 2020, reported Aug 21, 2020: actual 0.104, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 26, 2022: actual 0.08, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual 0.148, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 28, 2023: actual 0.141, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 27, 2024: actual 0.173, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 28, 2024: actual 0.172, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 0.117, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 30, 2025: actual 0.12, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates540.29M468.45M396.61M324.77MQ3 '20Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q2 '25
Q3 2020, reported Aug 21, 2020: actual 345.55M HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 26, 2022: actual 519.51M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 31, 2023: actual 512.73M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 28, 2023: actual 485.75M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 27, 2024: actual 490.44M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 28, 2024: actual 486.81M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 498.95M HKD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 30, 2025: actual 511.57M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.0704

2025 complete year-43.4% since 2021

2026 partial: HK$0.0341

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend May 27, 2026

HK$0.0341

Annual

Record May 28, 2026 · Payment Jul 24, 2026

Dividend

Ex-dividend May 27, 2025

HK$0.0704

Annual

Record May 29, 2025 · Payment Jul 18, 2025

Dividend

Ex-dividend Jun 4, 2024

HK$0.0992

Annual

Record Jun 5, 2024 · Payment Jul 19, 2024

Dividend

Ex-dividend May 30, 2023

HK$0.1029

Annual

Record May 31, 2023 · Payment Jul 7, 2023

Dividend

Ex-dividend May 31, 2022

HK$0.1414

Annual

Record Jun 1, 2022 · Payment Jul 8, 2022

Dividend

Ex-dividend Jun 1, 2021

HK$0.1243

Annual

Record Jun 2, 2021 · Payment Jul 9, 2021

1853.HK peers

CLP Holdings Limited logo

0002.HK

CLP Holdings Limited

HK$78.95

-1.07%

CGN Power Co., Ltd. logo

1816.HK

CGN Power Co., Ltd.

HK$2.815

-2.26%

CK Infrastructure Holdings Limited logo

1038.HK

CK Infrastructure Holdings Limited

HK$66.50

-0.08%

The Hong Kong and China Gas Company Limited logo

0003.HK

The Hong Kong and China Gas Company Limited

HK$7.495

-0.07%

Power Assets Holdings Limited logo

0006.HK

Power Assets Holdings Limited

HK$61.50

-1.52%

Huaneng Power International, Inc. logo

0902.HK

Huaneng Power International, Inc.

HK$5.39

-0.46%

Continue in GoAI

Research 1853.HK

research.disclaimer