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Jilin Province Chuncheng Heating Company Limited Class H

Jilin Province Chuncheng Heating Company Limited Class H

HHKEX:1853
1.10
HKD
-0.22
(-16.67%)
746.72MMarket Cap
Jilin Province Chuncheng Heating Company Limited Class H
HKEX:1853
(Hong Kong Exchange)

Recent

price

1.10

P/E

ratio

- -

div

yld

- -

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
1.82
2.37
3.09
4.08
4.12
3.49
3.61
3.64
3.8
3.65
- -
Revenue per Share
0.16
0.18
0.22
0.35
0.37
0.26
0.25
0.26
0.21
0.18
- -
Basic EPS, GAAP
0.19
-0.42
-0.69
0.57
0.76
0.1
0.43
0.8
-0.19
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
0.01
0.17
0.11
0.14
0.12
0.1
0.1
- -
Dividend per Share
0.95
0.63
1.08
2.71
1.84
1.82
1.95
2.12
2.24
2.35
2.35
Book Value per Share
0.95
0.62
1.07
2.31
1.47
1.62
1.76
1.93
2.04
2.15
2.15
Tangible Book Value per Share
467
467
467
383
461
472
459
465
476
467
467
Basic Weighted Avg Shares
848
1,108
1,440
1,561
1,897
1,650
1,655
1,694
1,806
1,705
- -
Sales/Revenue/Turnover
8.14
11.61
11.38
12.67
10.39
12.92
8.17
9.97
8.15
7.2
- -
Operating Margin (%)
70
90
91
5
6
5
138
5
5
6
- -
Depreciation Expense
73
86
103
134
171
123
115
121
100
82
- -
Net Income, GAAP
26.91
25.51
26.28
25.7
17.88
26.53
30.77
28.2
27.78
28.93
- -
Effective Tax Rate (%)
8.58
7.74
7.13
8.58
8.99
7.44
6.93
7.14
5.53
4.79
- -
Profit Margin (%)
-140
-359
9
-192
-355
-237
-114
40
98
24
24
Working Capital
104
160
2
1
2
- -
- -
6
7
294
294
LT Debt
443
293
502
1,264
857
848
912
990
1,043
1,097
1,097
Total Equity
- -
11.18
16.01
13.69
14.76
14.29
11.83
10.7
6.94
5.09
- -
Return on Invested Capital (%)
- -
14.29
18.87
14.54
16.71
15.26
12.18
11.14
7.24
5.68
- -
Return on Capital (%)
- -
23.32
25.83
15.17
16.07
14.4
13.03
12.72
9.83
7.64
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
711
556
175
LT Borrowings
- -
- -
291
LT Finance Leases
7
3
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
467
467
467
Market Capitalization
702
580
671

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
2,677
1,377
2,017
Cash, Cash Equivalents & STI
1,449
467
1,037
Accounts Receivable, Net
292
244
209
Inventories
9
4
7
Total Current Liabilities
2,579
1,203
1,994
Payables & Accruals
- -
- -
- -
ST Debt
711
556
175
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
5.11%
5.12%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
-12.95%
-18.21%
Sales/Revenue/Turnover
- -
-1.87%
-5.59%
Total Cash Common Dividend
- -
-7.91%
-3.54%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1,694
2024
- -
- -
1,806
2025
- -
- -
1,705

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.26
2024
- -
- -
0.21
2025
- -
- -
0.18

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.12
2024
- -
- -
0.1
2025
- -
- -
0.1
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Business
Jilin Province Chuncheng Heating Company Limited (1853.HK) provides heat supply services in the People's Republic of China, primarily through its two segments of Heat Supply and Construction, Maintenance and Design Services. The company supplies heat via cogeneration from thermal power plants, coal-fired boilers and biomass fuels; transmits heat through pipe networks; charges pipeline connection fees; sells cables, electrical equipment, household appliances, flooring, floor tiles, thermostats and heating accessories; and produces and supplies electricity. Its construction, maintenance and design services encompass engineering construction for heating facilities and pipelines, boiler installation, heat exchange stations, facility cleaning, repair and replacement, project design, consulting, feasibility studies and electrical instrument maintenance, with operations concentrated in northeast China and serving approximately 550,000 residential and non-residential users across a heat service area of around 67 million square meters in Changchun, Jilin Province. Incorporated in 2017 and headquartered at No. 28, Block B, Nanhu Road Community, No. 998 Nanhu Road, Nanguan District, Changchun, China, the company functions as a subsidiary of Changchun Chuncheng Investment Development Group Company Limited, now referred to as Changre Group. In June 2025, it announced agreements to acquire heat production assets from Changre Group and Changchun Heating Power (Group) Co Ltd, including land parcels, pipes, trenches, machineries, equipment and a vehicle located at specific boiler rooms and the Jilin University Nanling Campus Boiler Room, with the transaction for the latter valued at approximately CNY 110 million in cash consideration; the acquisition from Changchun Heating Power was completed on October 31, 2025 following supplemental agreements in July and August, aimed at reducing competition with the controlling shareholder and supporting strategic development.