GUANGDONG INVESTMENT (270) Q1 2026 earnings summary

Executive summary

• Revenue from continuing operations rose 9.3% year-over-year to HK$5,046 million, driven mainly by growth in the water resources business.

• Profit before tax from continuing operations increased 5.9% to HK$2,156 million, with profit attributable to owners up 10.3% to HK$1,438 million.

• Total assets grew 3.6% to HK$105,396 million, and equity attributable to owners rose 5.5% to HK$45,306 million as of 31 March 2026.

Financial highlights

• Net finance costs decreased to HK$79 million from HK$117 million year-over-year.

• Net loss from fair value adjustments for investment properties was HK$12 million.

• Other comprehensive income of HK$947 million was mainly due to exchange differences from Renminbi appreciation.

Outlook and guidance

• The company expects proactive domestic macroeconomic policies to hedge external risks and boost demand.

• Plans to focus on high value-added water resources, optimize asset portfolios, and pursue M&A opportunities.