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China Boqi Environmental (Holding) Co., Ltd. logo

China Boqi Environmental (Holding) Co., Ltd.

2377.HK

HKSEIndustrialsIndustrial - Pollution & Treatment Controls

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Latest quote

HK$0.83

−HK$0.02 · -2.35%

Aug 24, 9:35 AM HKTData delayed

2377.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Operating as an investment holding company, China Boqi Environmental (Holding) Co., Ltd. delivers environmental protection solutions, with a primary focus on flue gas treatment services, across both the People's Republic of China and international territories. The company's operations are divided into four core business divisions: Environmental Protection Facility Engineering (EPC); Operation and Maintenance (O&M); Concession Operation; and a broader 'Others' category. The EPC segment is responsible for all stages of project development for coal-fired power plants, including engineering and design, procurement of necessary equipment and materials, construction, equipment installation, and final commissioning for systems that handle desulfurization, denitrification, and dust removal. The O&M segment is dedicated to ensuring the continuous and efficient functioning of desulfurization, denitrification, and dust removal facilities, providing services such as active operation, testing, repairs, system upgrades, and general upkeep of these flue gas treatment systems. Under the Concession Operation model, the company undertakes the construction or acquisition of infrastructure from a grantor, then operates and maintains the flue gas treatment project under a contractual concession arrangement, eventually transferring ownership of the infrastructure back to the grantor once the contract concludes. The 'Others' segment primarily involves the sale of by-products and other diverse activities. Furthermore, the company's activities extend to the sale of coal and chemicals, the provision of technology and exploration services, the treatment and disposal of hazardous and solid waste, and involvement in the water treatment industry. China Boqi Environmental (Holding) Co., Ltd. was founded in 2015 and has its corporate headquarters situated in Beijing, People's Republic of China.

Industry
Industrial - Pollution & Treatment Controls
Sector
Industrials
Headquarters
CN
CEO
Zhijun Zeng
Listed since
Mar 16, 2018
Employees
2,294

Market position

52-week range

Current HK$0.83

Open
HK$0.83
Previous close
HK$0.85
Volume
105K
1.32× average
Average volume
79.81K
Average daily volume
Market cap
709.54M HKD
Beta
0.09
Market reference 1
50-day average
HK$0.8385
-1.01% below average
200-day average
HK$0.9396
-11.67% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
597.13M CNY
P/E (TTM)
2.57×
P/B (TTM)
0.19×
P/S (TTM)
0.27×
EV / EBITDA
1.45×
Earnings yield
31.16%
Free cash flow yield
21.13%
Dividend yield
7.71%

Profitability & efficiency

Gross margin
22.18%
Operating margin
12.31%
Net margin
10.76%
Return on equity
7.30%
Return on assets
4.63%
Return on invested capital
6.65%

Financial health

Debt / equity
0.1×
Current ratio
1.68×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends24%18%12%7%Gross margin, FY2021: 18.52%Gross margin, FY2022: 20.56%Gross margin, FY2023: 20.40%Gross margin, FY2024: 20.21%Gross margin, FY2025: 22.18%Operating margin, FY2021: 11.46%Operating margin, FY2022: 11.11%Operating margin, FY2023: 10.73%Operating margin, FY2024: 11.44%Operating margin, FY2025: 12.31%Net margin, FY2021: 16.64%Net margin, FY2022: 7.99%Net margin, FY2023: 11.23%Net margin, FY2024: 10.99%Net margin, FY2025: 10.76%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 18.52%. Gross margin FY2022 20.56%. Gross margin FY2023 20.40%. Gross margin FY2024 20.21%. Gross margin FY2025 22.18%. Operating margin FY2021 11.46%. Operating margin FY2022 11.11%. Operating margin FY2023 10.73%. Operating margin FY2024 11.44%. Operating margin FY2025 12.31%. Net margin FY2021 16.64%. Net margin FY2022 7.99%. Net margin FY2023 11.23%. Net margin FY2024 10.99%. Net margin FY2025 10.76%.

Income trends

Revenue

2.23B CNY+3.67%

Operating income

274.53M CNY+11.56%

Net income

239.89M CNY+1.46%
Income trends across reported periods2.44B CNY1.61B CNY775.17M CNY−56.06M CNYRevenue, FY2021: 2.09B CNYRevenue, FY2022: 1.9B CNYRevenue, FY2023: 2.14B CNYRevenue, FY2024: 2.15B CNYRevenue, FY2025: 2.23B CNYOperating income, FY2021: 239.83M CNYOperating income, FY2022: 211.14M CNYOperating income, FY2023: 229.45M CNYOperating income, FY2024: 246.08M CNYOperating income, FY2025: 274.53M CNYNet income, FY2021: 348.24M CNYNet income, FY2022: 151.75M CNYNet income, FY2023: 240.18M CNYNet income, FY2024: 236.44M CNYNet income, FY2025: 239.89M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.09B CNY. Revenue FY2022 1.9B CNY. Revenue FY2023 2.14B CNY. Revenue FY2024 2.15B CNY. Revenue FY2025 2.23B CNY. Operating income FY2021 239.83M CNY. Operating income FY2022 211.14M CNY. Operating income FY2023 229.45M CNY. Operating income FY2024 246.08M CNY. Operating income FY2025 274.53M CNY. Net income FY2021 348.24M CNY. Net income FY2022 151.75M CNY. Net income FY2023 240.18M CNY. Net income FY2024 236.44M CNY. Net income FY2025 239.89M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue2.23B CNY2.15B CNY2.14B CNY1.9B CNY2.09B CNY
Cost of goods sold1.74B CNY1.72B CNY1.7B CNY1.51B CNY1.7B CNY
Gross profit494.5M CNY434.73M CNY436.1M CNY390.78M CNY387.56M CNY
Research and development72.14M CNY63.93M CNY55.89M CNY58.66M CNY40.04M CNY
Selling, general, and administrative138.08M CNY127.4M CNY127.03M CNY109.64M CNY119.74M CNY
Operating expenses219.97M CNY188.65M CNY206.65M CNY179.63M CNY154.77M CNY
Interest income10.9M CNY14.07M CNY12.91M CNY11.06M CNY15.66M CNY
Interest expense15.28M CNY18.01M CNY14.45M CNY13.67M CNY9.79M CNY
Depreciation and amortization137.57M CNY130.33M CNY130.33M CNY117.73M CNY94.71M CNY
Operating income274.53M CNY246.08M CNY229.45M CNY211.14M CNY239.83M CNY
Net income239.89M CNY236.44M CNY240.18M CNY151.75M CNY348.24M 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 estimates0.220.150.080Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q3 2022, reported Aug 26, 2022: actual 0.004, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 24, 2023: actual 0.167, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 25, 2023: actual 0.141, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 22, 2024: actual 0.118, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 23, 2024: actual 0.118, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 0.13, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 22, 2025: actual 0.182, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 20, 2026: actual 0.122, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates2.74B2.07B1.39B717.51MQ3 '22No estimateQ1 '23No estimateQ3 '23MissQ1 '24MissQ3 '24MissQ1 '25No estimateQ3 '25No estimateQ1 '26No estimate
Q3 2022, reported Aug 26, 2022: actual 844.13M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 24, 2023: actual 1.34B HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 25, 2023: actual 1.08B HKD, estimate 2.6B HKD, surprise -58.39%, Miss. Q1 2024, reported Mar 22, 2024: actual 1.26B HKD, estimate 2.59B HKD, surprise -51.48%, Miss. Q3 2024, reported Aug 23, 2024: actual 1.02B HKD, estimate 2.31B HKD, surprise -55.79%, Miss. Q1 2025, reported Mar 28, 2025: actual 1.28B HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 22, 2025: actual 1.16B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 20, 2026: actual 1.3B HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$0.046

2025 complete year-37.8% since 2021

2026 partial: HK$0.064

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jun 11, 2026

HK$0.064

Annual

Record Jun 15, 2026 · Payment Jul 9, 2026

Dividend

Ex-dividend Jun 12, 2025

HK$0.046

Annual

Record Jun 16, 2025 · Payment Jul 9, 2025

Dividend

Ex-dividend Jun 13, 2024

HK$0.035

Annual

Record Jun 17, 2024 · Payment Jul 10, 2024

Dividend

Ex-dividend Jun 15, 2023

HK$0.03

Annual

Record Jun 16, 2023 · Payment Jul 12, 2023

Dividend

Ex-dividend Jun 20, 2022

HK$0.074

Annual

Record Jun 21, 2022 · Payment Jul 14, 2022

Dividend

Ex-dividend Jun 24, 2021

HK$0.074

Annual

Record Jun 25, 2021 · Payment Jul 16, 2021

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