Kunming Dianchi Water Treatment Co., Ltd. Class H (HK:3768)
:3768
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Kunming Dianchi Water Treatment Co., Ltd. Class H
(3768)
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Rating:55Neutral
Price Target:
HK$0.68
▼(-10.92% Downside)
Action:ReiteratedDate:04/18/26
The score is held back mainly by weak cash flow durability (negative operating/free cash flow in 2025) and declining revenue/profitability trends, despite solid underlying margins and improved leverage. Technical indicators point to soft momentum, while the low P/E provides meaningful valuation support.
Positive Factors
Market Leadership & Recurring Contracts
As a stated leading provider in municipal and industrial water treatment, the company benefits from durable demand, recurring service contracts and government partnerships. That entrenched market position supports steady project pipelines and long-term revenue visibility amid environmental regulation trends.
Negative Factors
Declining Revenue
Sustained revenue decline erodes scale economics and reduces available resources for bids, R&D or expanding service footprints. Over months this can weaken competitive positioning, pressure operating leverage, and make maintaining long-term contract margins and investment plans more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Market Leadership & Recurring Contracts
As a stated leading provider in municipal and industrial water treatment, the company benefits from durable demand, recurring service contracts and government partnerships. That entrenched market position supports steady project pipelines and long-term revenue visibility amid environmental regulation trends.
Read all positive factors
Kunming Dianchi Water Treatment Co., Ltd. Class H (3768) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$699.80M
Dividend YieldN/A
Average Volume (3M)297.30K
Price to Earnings (P/E)3.9
Beta (1Y)0.47
Revenue Growth-7.09%
EPS Growth-25.68%
CountryHK
Employees1,115
SectorUtilities
Sector Strength65
IndustryRegulated Water
Share Statistics
EPS (TTM)0.07
Shares Outstanding340,023,000
10 Day Avg. Volume237,700
30 Day Avg. Volume297,300
Financial Highlights & Ratios
PEG Ratio-0.14
Price to Book (P/B)0.14
Price to Sales (P/S)0.51
P/FCF Ratio-1.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Kunming Dianchi Water Treatment Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Kunming Dianchi Water Treatment Co., Ltd., together with its subsidiaries, designs, develops, constructs, operates, and maintains water supply and wastewater treatment facilities in the People's Republic of China. The company operates through Wast...
How the Company Makes Money
The company primarily makes money by providing wastewater treatment services under long-term operating arrangements for wastewater treatment plants, earning service fees that are typically linked to treated water volumes and/or agreed tariff rates...
Kunming Dianchi Water Treatment Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.44B | 1.59B | 1.81B | 2.07B | 2.32B |
| Gross Profit | 688.60M | 713.65M | 798.24M | 857.27M | 724.78M |
| EBITDA | 741.95M | 807.54M | 918.92M | 873.40M | 915.83M |
| Net Income | 191.13M | 263.22M | 316.51M | 322.25M | 338.28M |
Balance Sheet | |||||
| Total Assets | 13.44B | 12.38B | 12.06B | 11.70B | 12.07B |
| Cash, Cash Equivalents and Short-Term Investments | 96.57M | 130.58M | 353.89M | 371.49M | 1.80B |
| Total Debt | 5.19B | 4.59B | 5.27B | 5.89B | 6.41B |
| Total Liabilities | 8.00B | 7.14B | 7.09B | 7.04B | 7.63B |
| Stockholders Equity | 5.43B | 5.23B | 4.97B | 4.65B | 4.43B |
Cash Flow | |||||
| Free Cash Flow | -527.23M | 132.63M | 135.22M | -671.96M | -776.48M |
| Operating Cash Flow | -524.16M | 293.82M | 220.95M | -302.63M | -716.96M |
| Investing Cash Flow | -66.83M | 75.67M | 303.83M | -96.54M | 230.91M |
| Financing Cash Flow | 613.65M | -532.84M | -480.55M | -973.54M | 1.24B |
Kunming Dianchi Water Treatment Co., Ltd. Class H Technical Analysis
Negative
0.76
Price Trends
0.66
Negative
0.70
Negative
0.71
Negative
Market Momentum
>-0.01
Negative
52.90
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3768, the sentiment is Negative. The current price of 0.76 is above the 20-day moving average (MA) of 0.65, above the 50-day MA of 0.66, and above the 200-day MA of 0.71, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 52.90 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3768.
Kunming Dianchi Water Treatment Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$567.41M | 5.37 | 3.64% | 6.03% | -7.06% | -38.60% | |
70 Outperform | HK$1.68B | 4.09 | 2.82% | ― | 7.38% | 37.96% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
55 Neutral | HK$699.80M | 3.87 | 3.62% | ― | -7.09% | -25.68% | |
43 Neutral | HK$55.00M | -2.94 | -9.98% | ― | 1.04% | 24.78% | |
43 Neutral | HK$233.91M | -0.62 | -36.69% | ― | -56.43% | 57.59% | |
42 Neutral | HK$137.22M | -0.04 | -514.90% | ― | -15.27% | -18.83% |
* Utilities Sector Average
HK:3768
Kunming Dianchi Water Treatment Co., Ltd. Class H
0.67
0.08
13.56%
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0.74
0.45
155.17%
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0.12
-0.09
-44.29%
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0.41
0.15
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19.64%
Kunming Dianchi Water Treatment Co., Ltd. Class H Corporate Events
Kunming Dianchi Water Treatment Enters RMB63.5 Million Finance Lease to Boost Liquidity
Apr 15, 2026
Kunming Dianchi Water Treatment Co., Ltd. has entered into a finance lease agreement with CCB Financial Leasing, under which it will sell certain sewage treatment equipment and facilities with independent ownership rights for up to RMB63.5 million...
Kunming Dianchi Water Treatment Plans Leadership Transition with New Executive Director Proposal
Apr 10, 2026
Kunming Dianchi Water Treatment Co., Ltd. announced that long-serving executive director and board chairperson Zeng Feng plans to resign from his directorship and committee roles upon reaching statutory retirement age, with formal effect upon subm...
Kunming Dianchi Water Treatment Sees Profit Drop in 2025 Despite Asset Growth
Mar 20, 2026
Kunming Dianchi Water Treatment Co., Ltd. reported 2025 revenue of RMB1.48 billion, down 7.2% year on year, as its wastewater treatment volume reached 652.7 million cubic metres with a high facility utilisation rate of 95.9%. Net profit attributab...
Kunming Dianchi Water Treatment Sets Board Meeting and Reports Court Halt to Asset Enforcement
Mar 10, 2026
Kunming Dianchi Water Treatment Co., Ltd. announced that its board will meet on 20 March 2026 to review and approve the consolidated annual results for the year ended 31 December 2025 and consider the potential recommendation of a final dividend. ...
Kunming Dianchi Water Treatment Flags Sharply Lower 2025 Profit on Disposals and Weaker Engineering
Feb 13, 2026
Kunming Dianchi Water Treatment Co., Ltd. has warned that its unaudited 2025 pre-tax profit will fall to about RMB217.9 million to RMB255.8 million, down from RMB314.4 million in 2024, with profit attributable to equity holders dropping to roughly...
Kunming Dianchi Water Treatment Faces Judicial Auction of Seized Properties
Jan 27, 2026
Kunming Dianchi Water Treatment Co., Ltd. has disclosed that the Chenggong District People’s Court has seized several company-owned real estate properties in Zhongying Township, Guandu Town, Kunming, and plans to proceed with a judicial auct...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.