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China Water Affairs Group (855)

Business description

China Water Affairs Group owns and operates regulated water supply assets across more than 50 cities in mainland China, serving over 10 million customers in the residential, commercial and industrial sectors.

Y/E Mar Revenue (HK$m) EBITDA (HK$m) PBT (HK$m) EPS (c) P/E (x) P/CF (x)
2017A 5708.0 2646.0 1963.0 55.4 16.1 N/A
2018A 7580.0 3097.0 2462.0 71.8 12.4 N/A
2019E 8935.0 3599.0 2829.0 81.5 10.9 N/A
2020E 10481.0 4212.0 3384.0 97.5 9.1 N/A

Last updated on 09/08/2018

Investment summary

China Water Affairs Group (CWA) is well positioned to take advantage of the favourable trends that we expect in the Chinese water and sewage market. CWA’s portfolio of water assets, experienced team, stable financial position and impressive track record should enable the company to continue to grow returns for shareholders.

Last updated on 08/08/2018

Industry outlook

Water supply in China remains fragmented. The central government encourages local governments to deleverage their own balance sheets with private–public partnerships. This trend remains positive for CWA.

Last updated on 27/07/2018

Key management

Duan Chuan Liang, Chairman
Ding Bin, Executive director
Liu Yu Jie, Executive director
Li Zhong, Executive director

Company address

Suite 6408, 64/F, Central Plaza
18 Harbour Road
Hong Kong
+852 3968 6666
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