Futian Holdings Limited logo

Futian Holdings Limited

8196.HK

HKSEIndustrialsWaste Management

Latest quote

HK$0.815

+HK$0.02 · +2.52%

Aug 25, 4:08 PM HKT

8196.HK company overview

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Company profile

Company website

China TianYF Holdings Group Limited, an investment holding company established in 2001 and headquartered in Guangzhou, People's Republic of China, delivers comprehensive engineering solutions for both wastewater and drinking water treatment facilities across Mainland China and Vietnam. Operating through five distinct segments—Engineering, Procurement and Construction (EPC) Projects; Construction Projects; Equipment Projects; Service Concession Arrangements; and Others—the company's expertise spans the entire lifecycle of sludge and wastewater treatment infrastructure, from design and procurement to construction. Beyond water treatment, China TianYF Holdings undertakes diverse environmental protection initiatives, including soil remediation, flue gas treatment, management of solid and hazardous wastes, and air pollutant treatment, while also offering integrated environmental services. Its activities further extend to the procurement, installation, testing, and commissioning of materials, equipment, and machinery for these facilities, complemented by technical consulting services. The company is also involved in the design, construction, and sale of specialized equipment for wastewater projects, and provides crucial operation and maintenance (O&M) services for both water and wastewater treatment facilities. Notably, it constructs, maintains, restores, and operates dedicated sludge treatment facilities and stations. The company adopted its current name in July 2022, having previously been known as Great Water Holdings Limited.

Industry
Waste Management
Sector
Industrials
Headquarters
CN
CEO
Yang Xie
Listed since
Dec 9, 2015
Employees
80

Market position

Day range

Current HK$0.815

52-week range

Current HK$0.815

Open
HK$0.755
Previous close
HK$0.795
Volume
1.22M
0.97× average
Average volume
1.25M
Average daily volume
Market cap
25.94M HKD
Beta
-1.54
Market reference 1
50-day average
HK$0.7362
+10.70% above average
200-day average
HK$0.7234
+12.66% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
-3.22M CNY
P/E (TTM)
26.15×
P/B (TTM)
0.35×
P/S (TTM)
0.17×
EV / EBITDA
-0.63×
Earnings yield
2.55%
Free cash flow yield
-113.02%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
27.85%
Operating margin
2.78%
Net margin
0.45%
Return on equity
0.67%
Return on assets
0.23%
Return on invested capital
1.18%

Financial health

Debt / equity
0.39×
Current ratio
1.13×
Altman Z-score
0.43
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends34%11%-12%-35%Gross margin, FY2021: 13.03%Gross margin, FY2022: 9.18%Gross margin, FY2023: 28.69%Gross margin, FY2024: 24.15%Gross margin, FY2025: 27.85%Operating margin, FY2021: -12.79%Operating margin, FY2022: -1.07%Operating margin, FY2023: 8.76%Operating margin, FY2024: -29.19%Operating margin, FY2025: 2.78%Net margin, FY2021: -14.40%Net margin, FY2022: -4.50%Net margin, FY2023: 2.69%Net margin, FY2024: -15.38%Net margin, FY2025: 0.45%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 13.03%. Gross margin FY2022 9.18%. Gross margin FY2023 28.69%. Gross margin FY2024 24.15%. Gross margin FY2025 27.85%. Operating margin FY2021 -12.79%. Operating margin FY2022 -1.07%. Operating margin FY2023 8.76%. Operating margin FY2024 -29.19%. Operating margin FY2025 2.78%. Net margin FY2021 -14.40%. Net margin FY2022 -4.50%. Net margin FY2023 2.69%. Net margin FY2024 -15.38%. Net margin FY2025 0.45%.

Income trends

Revenue

130.57M CNY+185.09%

Operating income

3.63M CNY+17M CNY

Net income

583K CNY+7.63M CNY
Income trends across reported periods284.13M CNY174.61M CNY65.1M CNY−44.42M CNYRevenue, FY2021: 118.38M CNYRevenue, FY2022: 256.75M CNYRevenue, FY2023: 106.58M CNYRevenue, FY2024: 45.8M CNYRevenue, FY2025: 130.57M CNYOperating income, FY2021: −15.14M CNYOperating income, FY2022: −2.74M CNYOperating income, FY2023: 9.33M CNYOperating income, FY2024: −13.37M CNYOperating income, FY2025: 3.63M CNYNet income, FY2021: −17.04M CNYNet income, FY2022: −11.55M CNYNet income, FY2023: 2.87M CNYNet income, FY2024: −7.04M CNYNet income, FY2025: 583K CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 118.38M CNY. Revenue FY2022 256.75M CNY. Revenue FY2023 106.58M CNY. Revenue FY2024 45.8M CNY. Revenue FY2025 130.57M CNY. Operating income FY2021 −15.14M CNY. Operating income FY2022 −2.74M CNY. Operating income FY2023 9.33M CNY. Operating income FY2024 −13.37M CNY. Operating income FY2025 3.63M CNY. Net income FY2021 −17.04M CNY. Net income FY2022 −11.55M CNY. Net income FY2023 2.87M CNY. Net income FY2024 −7.04M CNY. Net income FY2025 583K CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue130.57M CNY45.8M CNY106.58M CNY256.75M CNY118.38M CNY
Cost of goods sold94.21M CNY34.74M CNY76M CNY233.18M CNY102.95M CNY
Gross profit36.37M CNY11.06M CNY30.58M CNY23.57M CNY15.43M CNY
Selling, general, and administrative27.15M CNY17.71M CNY21.56M CNY26.83M CNY28.13M CNY
Operating expenses32.74M CNY24.43M CNY30.22M CNY26.83M CNY30.57M CNY
Interest income1.59M CNY1.34M CNY447K CNY182K CNY223K CNY
Interest expense934K CNY209K CNY128K CNY2.23M CNY2.59M CNY
Depreciation and amortization1.49M CNY746K CNY922K CNY1.28M CNY2.96M CNY
Operating income3.63M CNY−13.37M CNY9.33M CNY−2.74M CNY−15.14M CNY
Net income583K CNY−7.04M CNY2.87M CNY−11.55M CNY−17.04M CNY

Company facts updated Aug 25, 2026.

Earnings

Latest EPS result
-0.22

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.07-0.04-0.15-0.26Q2 '21Q4 '21Q4 '22Q2 '23Q4 '23Q1 '24Q4 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual -0.007, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual -0.026, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Nov 9, 2022: actual 0.008, estimate —, surprise —, Comparison unavailable. Q2 2023, reported May 10, 2023: actual -0.04, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 10, 2023: actual 0.033, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 26, 2024: actual -0.036, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 9, 2024: actual -0.027, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual -0.221, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates152.04M103.33M54.62M5.9MQ2 '21Q4 '21Q4 '22Q2 '23Q4 '23Q1 '24Q4 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 23.96M HKD, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 64.95M HKD, estimate —, surprise —, Comparison unavailable. Q4 2022, reported Nov 9, 2022: actual 49.33M HKD, estimate —, surprise —, Comparison unavailable. Q2 2023, reported May 10, 2023: actual 141.3M HKD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 10, 2023: actual 39.63M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 26, 2024: actual 6.94M HKD, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 9, 2024: actual 19.15M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 28, 2025: actual 29.75M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Stock split

Effective Dec 6, 2024

1:10

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