Kunming Dianchi Water Treatment Co., Ltd. logo

Kunming Dianchi Water Treatment Co., Ltd.

3768.HK

HKSEUtilitiesRegulated Water

Latest quote

HK$0.375

+HK$0.015 · +4.17%

Aug 21, 4:08 PM HKTData delayed

3768.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Kunming Dianchi Water Treatment Co., Ltd., along with its various subsidiaries, is a comprehensive enterprise dedicated to water infrastructure development and management across the People's Republic of China. The company is involved in the entire lifecycle of water supply and wastewater treatment facilities, from their initial design and development to construction, operation, and ongoing maintenance. Its business activities are categorized into three main segments: Wastewater Treatment, Water Supply, and Other Services. A core aspect of its operations includes managing and running both wastewater and water supply facilities through concession agreements, specifically utilizing transfer-operate-transfer (TOT) and build-operate-transfer (BOT) models. Beyond these primary functions, the company's extensive service offerings encompass the provision of reclaimed water and potable tap water, municipal wastewater processing, and stringent water quality testing. Its diverse portfolio also extends to logistics, equipment leasing, professional training, and the manufacturing and sale of chemical products. Additionally, the company provides various management and transportation services, conducts watershed management, facilitates sludge recycling, undertakes mine restoration projects, and manages solid waste treatment and disposal. Involvement in thermal production activities further diversifies its operations. Founded in 1989, Kunming Dianchi Water Treatment Co., Ltd. is headquartered in Kunming, China, and functions as a subsidiary of Kunming Dianchi Investment Co., Ltd.

Industry
Regulated Water
Sector
Utilities
Headquarters
CN
CEO
Feng Zeng
Listed since
Apr 7, 2017
Employees
1,073

Market position

Day range

Current HK$0.375

52-week range

Current HK$0.375

Open
HK$0.36
Previous close
HK$0.36
Volume
144K
3.11× average
Average volume
46.33K
Average daily volume
Market cap
385.92M HKD
Beta
0.24
Market reference 1
50-day average
HK$0.5048
-25.71% below average
200-day average
HK$0.6446
-41.82% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
5.9B CNY
P/E (TTM)
1.67×
P/B (TTM)
0.06×
P/S (TTM)
0.22×
EV / EBITDA
8.21×
Earnings yield
26.53%
Free cash flow yield
-71.30%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
47.78%
Operating margin
28.69%
Net margin
13.26%
Return on equity
3.62%
Return on assets
1.46%
Return on invested capital
3.13%

Financial health

Debt / equity
0.96×
Current ratio
1.33×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends51%37%24%10%Gross margin, FY2021: 31.27%Gross margin, FY2022: 41.50%Gross margin, FY2023: 44.16%Gross margin, FY2024: 44.77%Gross margin, FY2025: 47.78%Operating margin, FY2021: 22.80%Operating margin, FY2022: 32.83%Operating margin, FY2023: 34.06%Operating margin, FY2024: 32.93%Operating margin, FY2025: 28.69%Net margin, FY2021: 14.60%Net margin, FY2022: 15.60%Net margin, FY2023: 17.51%Net margin, FY2024: 16.51%Net margin, FY2025: 13.26%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 31.27%. Gross margin FY2022 41.50%. Gross margin FY2023 44.16%. Gross margin FY2024 44.77%. Gross margin FY2025 47.78%. Operating margin FY2021 22.80%. Operating margin FY2022 32.83%. Operating margin FY2023 34.06%. Operating margin FY2024 32.93%. Operating margin FY2025 28.69%. Net margin FY2021 14.60%. Net margin FY2022 15.60%. Net margin FY2023 17.51%. Net margin FY2024 16.51%. Net margin FY2025 13.26%.

Income trends

Revenue

1.48B CNY-7.19%

Operating income

424.53M CNY-19.12%

Net income

196.21M CNY-25.46%
Income trends across reported periods2.53B CNY1.68B CNY832.67M CNY−15.95M CNYRevenue, FY2021: 2.32B CNYRevenue, FY2022: 2.07B CNYRevenue, FY2023: 1.81B CNYRevenue, FY2024: 1.59B CNYRevenue, FY2025: 1.48B CNYOperating income, FY2021: 528.37M CNYOperating income, FY2022: 678.3M CNYOperating income, FY2023: 615.6M CNYOperating income, FY2024: 524.91M CNYOperating income, FY2025: 424.53M CNYNet income, FY2021: 338.28M CNYNet income, FY2022: 322.25M CNYNet income, FY2023: 316.51M CNYNet income, FY2024: 263.22M CNYNet income, FY2025: 196.21M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.32B CNY. Revenue FY2022 2.07B CNY. Revenue FY2023 1.81B CNY. Revenue FY2024 1.59B CNY. Revenue FY2025 1.48B CNY. Operating income FY2021 528.37M CNY. Operating income FY2022 678.3M CNY. Operating income FY2023 615.6M CNY. Operating income FY2024 524.91M CNY. Operating income FY2025 424.53M CNY. Net income FY2021 338.28M CNY. Net income FY2022 322.25M CNY. Net income FY2023 316.51M CNY. Net income FY2024 263.22M CNY. Net income FY2025 196.21M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue1.48B CNY1.59B CNY1.81B CNY2.07B CNY2.32B CNY
Cost of goods sold772.66M CNY880.51M CNY1.01B CNY1.21B CNY1.59B CNY
Gross profit706.89M CNY713.65M CNY798.24M CNY857.27M CNY724.78M CNY
Research and development354K CNY542K CNY7.3M CNY
Selling, general, and administrative52.58M CNY77.27M CNY114.2M CNY125.65M CNY154.18M CNY
Operating expenses282.36M CNY188.74M CNY182.65M CNY178.97M CNY196.41M CNY
Interest income45.25M CNY48.88M CNY42.25M CNY44.03M CNY87.69M CNY
Interest expense232.89M CNY249.34M CNY262M CNY252.92M CNY251.64M CNY
Depreciation and amortization268.59M CNY278.89M CNY275.23M CNY215.09M CNY267.5M CNY
Operating income424.53M CNY524.91M CNY615.6M CNY678.3M CNY528.37M CNY
Net income196.21M CNY263.22M CNY316.51M CNY322.25M CNY338.28M 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 estimates0.250.20.150.1Q3 '21Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q3 2021, reported Aug 21, 2021: actual 0.195, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 0.204, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 26, 2022: actual 0.208, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 25, 2023: actual 0.154, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 25, 2023: actual 0.174, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 27, 2024: actual 0.162, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 23, 2024: actual 0.155, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 21, 2025: actual 0.119, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates1.82B1.45B1.09B716.99MQ3 '21Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q3 2021, reported Aug 21, 2021: actual 1.07B HKD, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 1.75B HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 26, 2022: actual 1.06B HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 25, 2023: actual 1.32B HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 25, 2023: actual 933.09M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 27, 2024: actual 1.05B HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 23, 2024: actual 793.15M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 21, 2025: actual 910.18M HKD, estimate —, surprise —, Comparison unavailable.

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