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Luzhou Xinglu Water (Group) Co., Ltd. logo

Luzhou Xinglu Water (Group) Co., Ltd.

2281.HK

HKSEUtilitiesRegulated Water

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Latest quote

HK$0.61

HK$0.00 · 0.00%

Aug 24, 10:40 AM HKT

2281.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Luzhou Xinglu Water (Group) Co., Ltd. operates as a comprehensive municipal water services provider, active throughout Sichuan Province in the People's Republic of China. This company, a subsidiary of Luzhou City Xinglu Investment Group Co., Ltd., was founded in 1958 and maintains its principal office in Luzhou. Its core business is segmented into the provision of potable water and the treatment of wastewater. Beyond these primary functions, the company's scope of services further extends to water distribution, commercial trading, construction, software development and sales, pipeline installation, and offering specialized technology support. As of December 31, 2021, Luzhou Xinglu Water managed substantial infrastructure, including twelve tap water plants with a combined daily supply capacity of approximately 774,000 tons, and nine wastewater treatment facilities capable of processing 397,000 tons per day. The company caters to a broad clientele, serving residents in both urban and rural areas, industrial and commercial enterprises, local government entities, and various other institutions.

Industry
Regulated Water
Sector
Utilities
Headquarters
CN
CEO
Qinan Chen
Listed since
Mar 31, 2017
Employees
844

Market position

52-week range

Current HK$0.61

Open
HK$0.61
Previous close
HK$0.61
Volume
12K
0.19× average
Average volume
61.77K
Average daily volume
Market cap
524.42M HKD
Beta
0.39
Market reference 1
50-day average
HK$0.6484
-5.92% below average
200-day average
HK$0.7149
-14.67% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.11B CNY
P/E (TTM)
4.01×
P/B (TTM)
0.14×
P/S (TTM)
0.36×
EV / EBITDA
3.54×
Earnings yield
19.56%
Free cash flow yield
51.38%
Dividend yield
7.54%

Profitability & efficiency

Gross margin
33.43%
Operating margin
12.43%
Net margin
8.83%
Return on equity
3.64%
Return on assets
1.52%
Return on invested capital
1.83%

Financial health

Debt / equity
0.72×
Current ratio
0.92×
Altman Z-score
0.98
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends45%32%19%6%Gross margin, FY2021: 41.50%Gross margin, FY2022: 36.50%Gross margin, FY2023: 34.54%Gross margin, FY2024: 34.79%Gross margin, FY2025: 33.43%Operating margin, FY2021: 21.77%Operating margin, FY2022: 18.77%Operating margin, FY2023: 20.88%Operating margin, FY2024: 17.01%Operating margin, FY2025: 12.43%Net margin, FY2021: 17.66%Net margin, FY2022: 15.02%Net margin, FY2023: 16.32%Net margin, FY2024: 13.32%Net margin, FY2025: 8.83%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 41.50%. Gross margin FY2022 36.50%. Gross margin FY2023 34.54%. Gross margin FY2024 34.79%. Gross margin FY2025 33.43%. Operating margin FY2021 21.77%. Operating margin FY2022 18.77%. Operating margin FY2023 20.88%. Operating margin FY2024 17.01%. Operating margin FY2025 12.43%. Net margin FY2021 17.66%. Net margin FY2022 15.02%. Net margin FY2023 16.32%. Net margin FY2024 13.32%. Net margin FY2025 8.83%.

Income trends

Revenue

1.24B CNY-7.03%

Operating income

153.69M CNY-32.06%

Net income

109.19M CNY-38.39%
Income trends across reported periods1.5B CNY991.83M CNY487.46M CNY−16.9M CNYRevenue, FY2021: 1.37B CNYRevenue, FY2022: 1.35B CNYRevenue, FY2023: 1.29B CNYRevenue, FY2024: 1.33B CNYRevenue, FY2025: 1.24B CNYOperating income, FY2021: 298.22M CNYOperating income, FY2022: 254.02M CNYOperating income, FY2023: 268.58M CNYOperating income, FY2024: 226.23M CNYOperating income, FY2025: 153.69M CNYNet income, FY2021: 241.93M CNYNet income, FY2022: 203.22M CNYNet income, FY2023: 209.9M CNYNet income, FY2024: 177.24M CNYNet income, FY2025: 109.19M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.37B CNY. Revenue FY2022 1.35B CNY. Revenue FY2023 1.29B CNY. Revenue FY2024 1.33B CNY. Revenue FY2025 1.24B CNY. Operating income FY2021 298.22M CNY. Operating income FY2022 254.02M CNY. Operating income FY2023 268.58M CNY. Operating income FY2024 226.23M CNY. Operating income FY2025 153.69M CNY. Net income FY2021 241.93M CNY. Net income FY2022 203.22M CNY. Net income FY2023 209.9M CNY. Net income FY2024 177.24M CNY. Net income FY2025 109.19M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue1.24B CNY1.33B CNY1.29B CNY1.35B CNY1.37B CNY
Cost of goods sold823.27M CNY867.45M CNY842.1M CNY859.4M CNY801.5M CNY
Gross profit413.51M CNY462.82M CNY444.33M CNY494.02M CNY568.59M CNY
Research and development——51.25K CNY821.32K CNY—
Selling, general, and administrative4.93M CNY6.37M CNY7.11M CNY6.68M CNY31.61M CNY
Operating expenses259.81M CNY236.59M CNY175.76M CNY240M CNY270.38M CNY
Interest income3.98M CNY3.55M CNY5.81M CNY7.11M CNY9.79M CNY
Interest expense90.33M CNY88.94M CNY77.48M CNY131.34M CNY127.48M CNY
Depreciation and amortization346.67M CNY5.47M CNY330.94M CNY307.79M CNY286.71M CNY
Operating income153.69M CNY226.23M CNY268.58M CNY254.02M CNY298.22M CNY
Net income109.19M CNY177.24M CNY209.9M CNY203.22M CNY241.93M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.14

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.210.160.110.06Q2 '21Q4 '21Q3 '22Q2 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 0.164, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 0.171, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 26, 2022: actual 0.166, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Apr 26, 2023: actual 0.113, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 26, 2023: actual 0.097, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual 0.166, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 28, 2024: actual 0.075, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 0.141, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates890.85M803.36M715.87M628.38MQ2 '21Q4 '21Q3 '22Q2 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 805M HKD, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 856.59M HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 26, 2022: actual 817.21M HKD, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Apr 26, 2023: actual 746.38M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 26, 2023: actual 692.6M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 28, 2024: actual 714.97M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 28, 2024: actual 662.64M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 758.73M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$0.044

2025 complete year-39.7% since 2021

2026 partial: HK$0.046

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 9, 2026

HK$0.046

Annual

Record Jul 11, 2026 · Payment Jul 31, 2026

Dividend

Ex-dividend Jul 9, 2025

HK$0.044

Annual

Record Jul 11, 2025 · Payment Jul 31, 2025

Dividend

Ex-dividend Jul 5, 2024

HK$0.055

Annual

Record Jul 8, 2024 · Payment Jul 31, 2024

Dividend

Ex-dividend Jul 4, 2023

HK$0.055

Annual

Record Jul 5, 2023 · Payment Jul 28, 2023

Dividend

Ex-dividend Jul 4, 2022

HK$0.059

Annual

Record Jul 5, 2022 · Payment Jul 29, 2022

Dividend

Ex-dividend Jun 30, 2021

HK$0.073

Annual

Record Jul 2, 2021 · Payment Jul 30, 2021

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