SIIC Environment Holdings Ltd. reported a 0.9% year-on-year increase in net profit attributable to shareholders to RMB610.4 million for the year ended 31 Dec 2025, as tighter control of financing costs offset a decline in top-line sales.
Group revenue slipped 6.9% to RMB7.07 billion, while earnings per share edged up to 23.70 RMB cents from 23.49 cents a year earlier. The gross profit margin improved slightly to 34.8% from 34.5%. Finance expenses fell 13.9% to RMB671.1 million, providing the main boost to bottom-line growth.
Operating and maintenance income from services-concession arrangements—by far the largest contributor—rose 9.7% to RMB4.32 billion. Revenue from the expanding asset-light services business jumped 49.6% to RMB320 million. Construction income amounted to RMB1.15 billion as the group advanced key projects, though the overall slowdown in construction and other segments weighed on consolidated revenue.
The company strengthened cash generation, lifting net cash from operating activities to RMB1.66 billion from RMB565 million a year earlier. Its debt-to-asset ratio narrowed to 62.5% from 64.2%, while the current ratio improved to 1.62 from 1.16, reflecting a more resilient balance sheet.
During the year SIIC Environment won or commissioned multiple wastewater and water-purification projects across Guangxi, Shandong, Shanghai, Heilongjiang and other provinces, adding more than 500,000 tonnes a day of designed treatment capacity. The group also secured concession extensions and pursued equity acquisitions to enlarge its project portfolio.
Looking ahead, management plans to step up merger-and-acquisition activity, deepen its presence in industrial water and overseas markets via a Shanghai-Hong Kong linkage strategy, and accelerate digitalisation through a Technology Centre and Big Data Operations Management Centre. It also intends to leverage supportive green-finance policies to further lower funding costs and back new projects.
Chief Executive Officer Ji Guanglin said the business achieved its 2025 operational targets despite intense market competition, citing disciplined risk control and targeted expansion. He indicated that the 2026 focus will be on scaling through selective M&A, enhancing operational efficiency with digital tools, and embedding environmental, social and governance standards across the organisation to underpin sustainable growth.