China Everbright Water (SGX:U9E) Full Year 2024 Results

Key Financial Results

• Revenue: HK$6.85b (up 2.2% from FY 2023).
• Net income: HK$1.02b (down 14% from FY 2023).
• Profit margin: 15% (down from 18% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: HK$0.36 (down from HK$0.41 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

China Everbright Water Earnings Insights

The primary driver behind last 12 months revenue was the Mainland China segment contributing a total revenue of HK$6.83b (100% of total revenue). Notably, cost of sales worth HK$4.23b amounted to 62% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling HK$901.7m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how U9E's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Water Utilities industry in Asia.

Performance of the market in Singapore.

The company's shares are down 2.0% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for China Everbright Water (1 is concerning) you should be aware of.

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