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Yunnan Water Investment Co., Limited logo

Yunnan Water Investment Co., Limited

6839.HK

HKSEUtilitiesRegulated Water

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Latest quote

HK$0.10

HK$0.00 · 0.00%

Aug 21, 3:56 PM HKT

6839.HK company overview

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Company profile

Company website

Yunnan Water Investment Co., Limited operates as an investment holding company, dedicated to the design, construction, development, operation, and ongoing maintenance of vital municipal water supply, wastewater, and solid waste treatment infrastructure. The company's reach extends throughout the People's Republic of China and internationally. Its business is structured around five primary segments: Wastewater Treatment, Water Supply, Solid Waste Treatment, Equipment Construction and Sales, and Other services. The company actively builds and manages projects for wastewater processing, water provision, and solid waste disposal. It also engages in Build and Transfer (BT) and Engineering-Procurement-Construction (EPC) contracts. Complementing its infrastructure development, the firm manufactures, markets, and installs specialized equipment for various environmental facilities. Additionally, it offers operation and maintenance (O&M) services for facilities owned by other entities, alongside technical and advisory consultancy. By December 31, 2021, Yunnan Water Investment's extensive operations included 134 concession wastewater treatment projects, encompassing models such as 7 build-own-operate (BOO), 69 build-operate-transfer (BOT), 2 transfer-own-operate (TOO), 27 transfer-operate-transfer (TOT), 1 rehabilitate-operate-transfer (ROT), and 28 municipal environment comprehensive treatment initiatives, with a total daily capacity of approximately 3,553,400 tonnes. The water supply portfolio featured 67 concession projects (15 BOO, 35 BOT, 11 TOT, and 6 municipal environment comprehensive treatment projects), capable of supplying around 2,449,100 tonnes daily. Furthermore, it managed 24 solid waste treatment facilities, processing an estimated 4,081,900 tonnes annually. The company had also completed 10 BT projects, undertaken 13 EPC projects, and overseen 26 O&M projects. Established in 2009 as Yunnan Water Industry Investment and Development Co., Ltd., the company rebranded to Yunnan Water Investment Company Limited in July 2014. Its corporate base is located in Kunming, People's Republic of China.

Industry
Regulated Water
Sector
Utilities
Headquarters
CN
CEO
Guangfeng Zheng
Listed since
May 27, 2015
Employees
4,776

Market position

52-week range

Current HK$0.10

Open
HK$0.10
Previous close
HK$0.10
Volume
171K
1.26× average
Average volume
136.08K
Average daily volume
Market cap
119.32M HKD
Beta
0.39
Market reference 1
50-day average
HK$0.0988
+1.17% above average
200-day average
HK$0.1301
-23.12% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
30.62B CNY
P/E (TTM)
-0.06×
P/B (TTM)
-0.07×
P/S (TTM)
0.04×
EV / EBITDA
-60.35×
Earnings yield
-1202.52%
Free cash flow yield
-108.81%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
7.33%
Operating margin
-40.33%
Net margin
-78.31%
Return on equity
126.07%
Return on assets
-4.36%
Return on invested capital
-2.92%

Financial health

Debt / equity
-21.3×
Current ratio
0.69×
Altman Z-score
-0.34
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends35%-6%-47%-89%Gross margin, FY2021: 24.93%Gross margin, FY2022: 19.89%Gross margin, FY2023: 21.02%Gross margin, FY2024: 16.22%Gross margin, FY2025: 7.33%Operating margin, FY2021: 7.89%Operating margin, FY2022: 8.61%Operating margin, FY2023: 3.41%Operating margin, FY2024: -37.33%Operating margin, FY2025: -40.33%Net margin, FY2021: -16.82%Net margin, FY2022: -25.14%Net margin, FY2023: -22.08%Net margin, FY2024: -62.16%Net margin, FY2025: -78.31%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 24.93%. Gross margin FY2022 19.89%. Gross margin FY2023 21.02%. Gross margin FY2024 16.22%. Gross margin FY2025 7.33%. Operating margin FY2021 7.89%. Operating margin FY2022 8.61%. Operating margin FY2023 3.41%. Operating margin FY2024 -37.33%. Operating margin FY2025 -40.33%. Net margin FY2021 -16.82%. Net margin FY2022 -25.14%. Net margin FY2023 -22.08%. Net margin FY2024 -62.16%. Net margin FY2025 -78.31%.

Income trends

Revenue

2.37B CNY-15.30%

Operating income

−955.78M CNY+8.49%

Net income

−1.86B CNY-6.70%
Income trends across reported periods5.99B CNY3.14B CNY285.12M CNY−2.57B CNYRevenue, FY2021: 5.28B CNYRevenue, FY2022: 3.79B CNYRevenue, FY2023: 3.12B CNYRevenue, FY2024: 2.8B CNYRevenue, FY2025: 2.37B CNYOperating income, FY2021: 416.8M CNYOperating income, FY2022: 326.26M CNYOperating income, FY2023: 106.35M CNYOperating income, FY2024: −1.04B CNYOperating income, FY2025: −955.78M CNYNet income, FY2021: −888.29M CNYNet income, FY2022: −952.79M CNYNet income, FY2023: −688.07M CNYNet income, FY2024: −1.74B CNYNet income, FY2025: −1.86B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 5.28B CNY. Revenue FY2022 3.79B CNY. Revenue FY2023 3.12B CNY. Revenue FY2024 2.8B CNY. Revenue FY2025 2.37B CNY. Operating income FY2021 416.8M CNY. Operating income FY2022 326.26M CNY. Operating income FY2023 106.35M CNY. Operating income FY2024 −1.04B CNY. Operating income FY2025 −955.78M CNY. Net income FY2021 −888.29M CNY. Net income FY2022 −952.79M CNY. Net income FY2023 −688.07M CNY. Net income FY2024 −1.74B CNY. Net income FY2025 −1.86B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue2.37B CNY2.8B CNY3.12B CNY3.79B CNY5.28B CNY
Cost of goods sold2.2B CNY2.34B CNY2.46B CNY3.04B CNY3.96B CNY
Gross profit173.8M CNY453.73M CNY655.11M CNY753.85M CNY1.32B CNY
Selling, general, and administrative1.01B CNY666.77M CNY456.34M CNY1.07B CNY699.05M CNY
Operating expenses1.13B CNY1.5B CNY548.76M CNY427.59M CNY899.76M CNY
Interest income18.33M CNY11.09M CNY4.38M CNY16.81M CNY10.93M CNY
Interest expense886.5M CNY1.11B CNY961.75M CNY1.32B CNY1.5B CNY
Depreciation and amortization611.51M CNY640.19M CNY742.23M CNY827.64M CNY640.64M CNY
Operating income−955.78M CNY−1.04B CNY106.35M CNY326.26M CNY416.8M CNY
Net income−1.86B CNY−1.74B CNY−688.07M CNY−952.79M CNY−888.29M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.89

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates-0.15-0.41-0.68-0.95Q2 '21Q4 '21Q3 '22Q2 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual -0.314, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual -0.708, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 31, 2022: actual -0.485, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Apr 1, 2023: actual -0.541, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Sep 1, 2023: actual -0.174, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 29, 2024: actual -0.46, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 31, 2024: actual -0.669, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual -0.888, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates7.99B5.71B3.42B1.13BQ2 '21No estimateQ4 '21No estimateQ3 '22MissQ2 '23MissQ3 '23MissQ1 '24MissQ3 '24No estimateQ1 '25No estimate
Q2 2021, reported Jun 30, 2021: actual 3.25B HKD, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 3.15B HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 31, 2022: actual 2.55B HKD, estimate 7.5B HKD, surprise -65.96%, Miss. Q2 2023, reported Apr 1, 2023: actual 1.83B HKD, estimate 7.5B HKD, surprise -75.56%, Miss. Q3 2023, reported Sep 1, 2023: actual 1.6B HKD, estimate 7.5B HKD, surprise -78.70%, Miss. Q1 2024, reported Mar 29, 2024: actual 1.81B HKD, estimate 7.5B HKD, surprise -75.81%, Miss. Q3 2024, reported Aug 31, 2024: actual 1.33B HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 1.65B HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

HK$0.07

2021 complete year-39.0% since 2017

Corporate action history

Dividend

Ex-dividend Jun 17, 2021

HK$0.07

Annual

Record Jun 18, 2021 · Payment Aug 6, 2021

Dividend

Ex-dividend Jun 19, 2020

HK$0.16

Annual

Record Jun 22, 2020 · Payment Jul 22, 2020

Dividend

Ex-dividend Jun 18, 2019

HK$0.1706

Annual

Record Jun 19, 2019 · Payment Jul 30, 2019

Dividend

Ex-dividend Jun 19, 2018

HK$0.1593

Annual

Record Jun 20, 2018 · Payment Jul 27, 2018

Dividend

Ex-dividend Jun 16, 2017

HK$0.1148

Annual

Record Jun 19, 2017 · Payment Jul 28, 2017

Dividend

Ex-dividend Jun 10, 2016

HK$0.1182

Annual

Record Jun 13, 2016 · Payment Jul 28, 2016

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