CHINA WATER (00855) announces annual performance, with a net profit attributable to shareholders of HKD 986 million, a decrease of 8.2% compared to the previous year.

CHINA WATER (00855) announced its annual results for the year ending March 31, 2026. The group recorded total revenue of HK$10.336 billion during the period, a decrease of 11.3% compared to the previous year. The group's attributable profit to owners amounted to HK$0.986 billion, a decrease of 8.2% year-on-year. The basic earnings per share were HK$0.61, with a proposed final dividend of 13 HK cents per share. The group has optimized its development strategy to strengthen project management in core businesses. It has placed more emphasis on controlling capital expenditure and project returns, resulting in a slowdown in construction business volume and a decline in related construction revenue. During the review year, the total revenue brought in by the "Urban Water Supply," "Pipeline Direct Drinking Water Supply," and "Environmental Protection" divisions decreased from HK$9.678 billion to HK$8.878 billion, representing a 8.3% decrease in divisional revenue. This was mainly due to a decrease in installation and maintenance projects in the "Urban Water Supply" and "Pipeline Direct Drinking Water Supply" divisions during the year.