1. China Stocks

  2. •

    Industrial services

  3. •

    Engineering & construction
Watts International Maritime Engineering Ltd.

Watts International Maritime Engineering Ltd.

HHKEX:2258
0.36
HKD
-0.01
(-2.74%)
182.90MMarket Cap
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.36
1.53
1.71
3.59
2.48
2.21
2.76
2.53
2.62
1.87
2.3
- -
Basic EPS, GAAP
0.08
0.09
0.11
0.2
0.12
0.06
0.06
0.03
0.04
-0.08
0.04
- -
Free Cash Flow per Basic Share
0.16
0.05
-0.03
0.31
0.02
0.02
-0.03
0.01
-0.28
-0.02
- -
- -
Dividend per Share
- -
- -
0.01
0.23
0.01
0.03
0.01
0.01
0.01
0.01
- -
- -
Book Value per Share
0.4
0.49
0.74
1.25
0.79
0.8
0.85
0.89
0.91
0.84
0.88
0.88
Tangible Book Value per Share
0.4
0.49
0.74
1.25
0.78
0.79
0.84
0.87
0.9
0.83
0.87
0.87
Basic Weighted Avg Shares
825
825
825
643
825
822
819
819
819
819
819
819
Sales/Revenue/Turnover
1,125
1,264
1,412
2,308
2,050
1,818
2,263
2,076
2,144
1,534
1,880
- -
Operating Margin (%)
8.56
8.32
8.36
8.13
6.34
5.84
3.93
3.52
4.04
-0.35
4.67
- -
Depreciation Expense
5
6
10
16
20
18
19
19
16
16
14
- -
Net Income, GAAP
64
75
87
131
101
47
47
27
31
-69
33
- -
Effective Tax Rate (%)
25.14
25.5
22.96
22.39
2.79
20.48
18.92
32.46
39.14
- -
39.11
- -
Profit Margin (%)
5.67
5.93
6.18
5.69
4.93
2.58
2.08
1.31
1.43
-4.51
1.76
- -
Working Capital
111
219
595
768
390
216
172
174
346
193
309
309
LT Debt
- -
- -
- -
34
34
29
22
18
10
5
80
80
Total Equity
332
407
607
1,030
654
664
703
732
752
697
724
724
Return on Invested Capital (%)
- -
20.26
17.04
15.61
11.4
7.26
6.91
4.31
3.96
- -
4.02
- -
Return on Capital (%)
- -
20.93
17.59
17.2
13.42
8.72
8.04
4.9
4.64
- -
4.09
- -
Return on Common Equity (%)
- -
20.27
17.2
16.04
12.01
7.11
6.89
3.78
4.14
-9.56
4.66
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
276
305
307
LT Borrowings
5
47
80
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
825
825
825
Market Capitalization
154
143
164

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
2,667
2,546
2,928
Cash, Cash Equivalents & STI
343
371
438
Accounts Receivable, Net
1,352
1,162
1,302
Inventories
6
6
6
Total Current Liabilities
2,474
2,477
2,619
Payables & Accruals
- -
- -
- -
ST Debt
276
305
307
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.55%
1.86%
3.87%
Free Cash Flow
-379.63%
-525.2%
-96.92%
Net Income, GAAP
-49.37%
-100.29%
-147.8%
Sales/Revenue/Turnover
7.86%
2.71%
22.52%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
2,144
2024
- -
- -
1,534
2025
- -
- -
1,880

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.04
2024
- -
- -
-0.08
2025
- -
- -
0.04

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.01
2024
- -
- -
0.01
2025
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Yun Wan
Full Time Employees
485
Sector
Industrial services
Industry
Engineering & construction
Address
Tower 17 Shanghai SH China
IPO Date
Nov 19, 2018
Website
shbt-china.com
Similar Companies
Larsen & Toubro Limited (NSE:LT)
Engineers India Limited (NSE:ENGINERSIN)
Tekfen Holding Anonim Sirketi (BIST:TKFEN)
Enka Insaat ve Sanayi A.S. (BIST:ENKAI)
Quanta Services, Inc. (NYSE:PWR)
Sterling Infrastructure, Inc. (NASDAQ:STRL)
Business
Watts International Maritime Company Limited, an investment holding company incorporated in 2017 and headquartered at 5/F, Tower 17, 2816 Yixian Road, Baoshan District, Shanghai, China, provides port infrastructure construction; waterway engineering; marine engineering services; municipal public construction including public infrastructure within cities, urban greening, and building construction in the People's Republic of China and Southeast Asia. The company operates through two main segments, Marine Construction, which encompasses port infrastructure, waterway engineering, and related services, and Municipal Public Construction, serving clients in electricity, shipping, energy, chemical, municipal engineering, and housing construction industries across the Yangtze River Delta, Pearl River Delta, Central China, North China, and overseas markets including Brunei and Indonesia under the Belt and Road initiative. Key subsidiaries include Shanghai Third Harbor Benteng Maritime Engineering Co., Ltd., which holds new and high-technology enterprise status with a preferential 15% income tax rate renewed in October 2022, and Shanghai Watts Environmental. In recent developments, the company changed its name from Watts International Maritime Engineering Limited to Watts International Maritime Company Limited in January 2022; reported consolidated revenue of RMB749.7 million for the six months ended June 30, 2025, up 4.8% year-over-year with marine construction revenue at RMB244.5 million and municipal public construction at RMB505.2 million; achieved profit from main operations of RMB49.9 million, a 12.6% increase; renewed its master construction services agreement and raw material procurement deal with related party Shanghai Watts Gallop Holding Group; and appointed Wang Lifang as executive director in December 2025.