China Water Affairs Group (855) investor relations material

Executive summary

• Revenue declined 11.3% year-over-year to HK$10,335.8 million, with gross profit down 19.2% to HK$3,558.4 million.

• Profit attributable to owners fell 8.2% to HK$986.2 million; basic EPS decreased 7.6% to HK$0.61.

• Final dividend proposed at HK13 cents per share, down from HK15 cents last year.

Financial highlights

• EBITDA dropped 10.4% to HK$4,230.5 million year-over-year.

• Dividend payout ratio remained stable at 42.6%.

• Cash and cash equivalents plus pledged deposits totaled HK$4,543.2 million at year-end.

• Gearing ratio improved to 64.2% from 66.8% last year.

Outlook and guidance

• Focus on urban renewal, pipeline upgrades, and digital transformation in line with China’s 15th Five-Year Plan.

• Plans to enforce strict capital expenditure controls and diversify financing sources.

• Emphasis on cost-cutting, efficiency, and ESG improvements across all segments.