China Water Industry Group Reports 63% Decline in Revenue and 41% Drop in EPS for H1 2025

Reuters
Aug 28
China <a href="https://laohu8.com/S/01129">Water Industry</a> Group Reports 63% Decline in Revenue and 41% Drop in EPS for H1 2025

China Water Industry Group Limited has announced its unaudited interim financial results for the six months ending June 30, 2025. The Group reported a significant decline in revenue, registering HK$118.1 million, down from HK$316.1 million during the same period in 2024. The gross profit also saw a substantial decrease to HK$1.7 million from HK$57.1 million the previous year. Net other income was reported at HK$10.4 million, a decrease from HK$13.5 million in the prior year. Selling and distribution expenses were reduced to HK$1.5 million, compared to HK$18.4 million in 2024. Administrative expenses decreased to HK$51.5 million from HK$91.1 million in the previous year. The Group's current liabilities slightly decreased to HK$792.1 million from HK$802.3 million in 2024, with a current ratio of 1.28 times, marking a minor improvement from 1.26 times. The gearing ratio was reported at 51.23%, down from 54.51% in the previous year. The equity attributable to owners of the Company rose to HK$857.6 million, up from HK$796.2 million, while the net asset value increased to HK$1,110.0 million from HK$1,055.0 million, demonstrating growth in equity and net assets. The financial results reflect changes in the Group's accounting policies, with amendments to HKAS 21 concerning exchangeability, which did not materially affect the financial position or results for the current or prior periods. The Group did not apply any new standards not yet effective for the current accounting period.

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