Zonqing Environmental Limited

Zonqing Environmental Limited

HHKEX:1855
0.13
HKD
-0.01
(-5.76%)
5.16BMarket Cap
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
0.79
0.98
1.09
1.21
1.14
0.45
2.86
2.11
- -
Basic EPS, GAAP
0.06
0.09
0.06
0.08
0.04
-0.04
0.16
0.05
- -
Free Cash Flow per Basic Share
-0.14
0.04
0.05
0.17
-0.12
0.04
0.27
-0.05
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.33
0.41
0.49
0.58
0.72
1.05
0.79
0.81
0.85
Tangible Book Value per Share
0.33
0.41
0.48
0.58
0.72
1.05
0.78
0.79
0.83
Basic Weighted Avg Shares
825
825
825
825
822
2,475
825
825
825
Sales/Revenue/Turnover
655
809
897
1,001
937
1,116
2,355
1,743
- -
Operating Margin (%)
15.1
16.59
17.5
16.2
13.01
8.14
14.54
11.47
- -
Depreciation Expense
7
8
7
5
6
13
13
15
- -
Net Income, GAAP
53
70
49
69
34
-96
135
40
- -
Effective Tax Rate (%)
28.1
27.71
37.7
30.61
9.72
- -
11.25
- -
- -
Profit Margin (%)
8.03
8.7
5.51
6.84
3.58
-8.63
5.74
2.29
- -
Working Capital
141
104
101
179
256
517
377
321
340
LT Debt
164
102
79
52
27
80
81
6
4
Total Equity
271
339
407
488
604
918
769
795
821
Return on Invested Capital (%)
- -
10.91
7.13
9.06
5.68
- -
11.33
- -
- -
Return on Capital (%)
- -
12
8.39
9.96
6.48
- -
9.85
- -
- -
Return on Common Equity (%)
- -
23.11
13.37
15.55
6.25
-13.18
17.82
6.06
- -

Capital Structure

CNY

•

in mil. unless spec.
Jun'24
Dec'24
Jun'25
ST Debt
778
886
892
LT Borrowings
81
2
- -
LT Finance Leases
6
4
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
825
825
825
Market Capitalization
7,435
5,318
4,706

Working Capital

CNY

•

in mil. unless spec.
Jun'24
Dec'24
Jun'25
Total Current Assets
3,352
3,900
4,027
Cash, Cash Equivalents & STI
61
123
47
Accounts Receivable, Net
1,643
2,301
2,283
Inventories
21
15
46
Total Current Liabilities
2,965
3,578
3,687
Payables & Accruals
- -
- -
- -
ST Debt
778
886
892
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
16.54%
3.34%
Free Cash Flow
- -
-23.57%
-119.07%
Net Income, GAAP
- -
-142.09%
-70.44%
Sales/Revenue/Turnover
- -
21.86%
-26%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
2,355
2024
- -
- -
1,743
2025
- -
- -
- -

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.16
2024
- -
- -
0.05
2025
- -
- -
- -

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

CEO
Haitao Liu
Full Time Employees
782
Sector
Commercial services
Industry
Miscellaneous commercial services
Address
Zhongqing Building Changchun JI China
IPO Date
Jan 6, 2021
Business
ZONQING Environmental Limited is a Chinese integrated urban operation service provider specializing in urban renewal construction, urban operation and maintenance services, and design and consulting services. Founded in 2008 and headquartered in China, the company operates across 16 provincial regions. Its core products and services include urban landscaping with planning and construction of city green spaces, parks, and gardens; municipal infrastructure construction covering urban roads, public transportation, water supply, drainage, sewage treatment, garbage disposal, flood control, and related facilities; ecological restoration projects that focus on basin-level and city-level environmental improvement, black and odorous water treatment, mine soil remediation, rural environment enhancement, sponge city construction, and intelligent water systems; urban construction maintenance and sanitation services such as infrastructure cleaning and environmental hygiene; as well as surveying, design, and technical consultancy services for municipal projects. In recent years, Zonqing Environmental has pursued strategic expansions and business innovations including the development of new product lines such as park Lohas, rural revitalization, and intelligent operation and maintenance services to complement its existing offerings. The company changed its name from Zonbong Landscape Environmental Limited to ZONQING Environmental Limited in December 2022. Furthermore, in 2024, Zonqing undertook a share subdivision increasing its share issuance capacity under a share option scheme and renewed framework agreements with Zhongqing Investment covering multi-year periods through 2028. Despite experiencing significant earnings volatility and a stock price decline in 2024-2025, the company continues to leverage national policies and integrate its industrial chain resources, positioning itself as a leading player in urban environmental and infrastructural service sectors in China. ZONQING Environmental targets government and municipal clients throughout China, delivering comprehensive urban renewal, ecological, and infrastructure services supported by an extensive portfolio of landscaping, environmental restoration, sanitation, and consultancy activities. The company’s integrated approach to urban development aligns with national sustainability and ecological enhancement policies, reflecting ongoing adaptation and diversification in its service model across China's urban and rural landscape sectors.