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China Water Industry Group Limited ( (HK:1129) ) has provided an update.
China Water Industry Group has warned that it expects to post a net loss attributable to shareholders of not more than HK$300 million for 2025, narrowing slightly from the HK$322.28 million loss recorded in 2024. The improvement is mainly driven by tighter cost controls, lower administrative and selling expenses, reduced expected credit loss provisions, lower income tax expenses and a swing to other operating income after prior-year write-offs and litigation-related costs.
The company also reported lower impairment losses on non-financial assets after substantial write-downs of discontinued or halted renewable energy projects in 2024, but these benefits were partly offset by weaker revenue and gross profit from its renewable energy business as fewer landfill sites remained in operation. Results were further dragged by the absence of a one-off gain from the 2024 disposal of Yichun Water Industry Group Company Limited and an impairment loss on deposits for acquiring more interests in a subsidiary, leaving investors cautioned as final audited 2025 figures remain subject to adjustment.
The most recent analyst rating on (HK:1129) stock is a Hold with a HK$0.31 price target. To see the full list of analyst forecasts on China Water Industry Group Limited stock, see the HK:1129 Stock Forecast page.
More about China Water Industry Group Limited
China Water Industry Group Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates in the water and environmental services sector, with additional exposure to renewable energy projects such as landfill-power generation. The group’s portfolio includes water-related utilities and associated infrastructure, with revenues also tied to its renewable energy business performance.
Average Trading Volume: 289,008
Technical Sentiment Signal: Sell
Current Market Cap: HK$265.5M
For a thorough assessment of 1129 stock, go to TipRanks’ Stock Analysis page.