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Luzhou Xinglu Water (Group) Co., Ltd. Class H

Luzhou Xinglu Water (Group) Co., Ltd. Class H

HHKEX:2281
0.59
HKD
+0.00
(-0.85%)
636.62MMarket Cap
Luzhou Xinglu Water (Group) Co., Ltd. Class H
HKEX:2281
(Hong Kong Exchange)

Recent

price

0.59

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
0.48
0.73
1.06
0.97
1.33
1.42
2.4
1.4
1.59
1.57
1.5
1.55
1.44
- -
Revenue per Share
0.09
0.12
0.15
0.15
0.16
0.18
0.23
0.29
0.28
0.24
0.24
0.21
0.13
- -
Basic EPS, GAAP
0.01
-0.23
-0.27
-0.08
-0.14
-0.14
-0.57
-1.21
-0.25
-0.09
0.1
- -
- -
- -
Free Cash Flow per Basic Share
0.01
0.2
0.01
- -
- -
0.08
0.06
0.19
0.23
0.22
0.19
0.16
0.15
- -
Dividend per Share
0.5
0.71
1.2
1.5
2.08
2.19
2.35
2.68
2.88
3.07
3.26
3.41
3.49
3.49
Book Value per Share
-0.09
-0.2
-0.05
0.31
0.38
-0.11
-0.84
1.49
1.23
1.41
1.43
1.62
1.66
1.66
Tangible Book Value per Share
860
860
860
860
812
860
860
860
860
860
860
860
860
860
Basic Weighted Avg Shares
410
629
912
836
1,082
1,218
2,067
1,205
1,370
1,353
1,286
1,330
1,237
- -
Sales/Revenue/Turnover
28.7
22.47
20.09
21.58
18.52
18.41
14.12
34.75
32.6
30.06
28.31
26.06
23.77
- -
Operating Margin (%)
18
24
29
36
50
83
110
4
5
5
5
5
6
- -
Depreciation Expense
74
100
130
127
131
154
202
247
242
203
210
177
109
- -
Net Income, GAAP
16.89
15.5
15.22
15.09
12.55
10.39
13.13
14.13
15.08
13.05
14.71
16.65
24.79
- -
Effective Tax Rate (%)
18.03
15.96
14.3
15.15
12.14
12.65
9.75
20.51
17.66
15.02
16.32
13.32
8.83
- -
Profit Margin (%)
-166
-292
-115
-2
112
-194
-73
-51
-500
216
-196
-77
-147
-147
Working Capital
40
34
240
366
313
452
1,629
1,735
1,392
2,025
1,465
1,411
1,267
1,267
LT Debt
475
656
1,095
1,371
1,878
1,957
2,127
2,458
2,661
2,841
3,013
3,148
3,214
3,214
Total Equity
- -
13.95
11.45
8.49
7.63
7.48
7.13
5.96
5.77
4.66
4.46
3.71
2.26
- -
Return on Invested Capital (%)
- -
11.64
9.6
7.13
6.32
6.6
7.29
7.52
7.54
6.25
5.07
4.64
3.26
- -
Return on Capital (%)
- -
19.35
15.92
10.91
8.54
8.4
10.34
11.43
10.11
7.95
7.72
6.19
3.68
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
624
901
760
LT Borrowings
1,411
1,322
1,266
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
860
860
860
Market Capitalization
485
526
572

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
1,444
1,651
1,624
Cash, Cash Equivalents & STI
447
634
606
Accounts Receivable, Net
698
727
752
Inventories
70
76
73
Total Current Liabilities
1,521
1,817
1,771
Payables & Accruals
- -
- -
- -
ST Debt
624
901
760
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.83%
5.53%
2.07%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
0.28%
-13.76%
-38.39%
Sales/Revenue/Turnover
6.56%
0.77%
-7.03%
Total Cash Common Dividend
- -
-3.53%
-8.78%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1,286
2024
- -
- -
1,330
2025
- -
- -
1,237

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.24
2024
- -
- -
0.21
2025
- -
- -
0.13

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.19
2024
- -
- -
0.16
2025
- -
- -
0.15
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Business
Luzhou Xinglu Water (Group) Co., Ltd. (2281.HK) is a China-based integrated municipal water service provider principally engaged in tap water supply and wastewater treatment services. Founded in 1958 and headquartered at No. 16 Baizi Road, Jiangyang District, Luzhou, Sichuan Province, the company operates primarily in the People's Republic of China, serving urban and rural residents, industrial and commercial users, local governments, and other institutions through two main segments: Tap Water Supply, which includes water transmission, system management, network maintenance, pipeline installation, and related trading and software development activities; and Wastewater Treatment, encompassing city wastewater plants, industrial park facilities, entrusted operations, and township/rural treatment stations. As of December 31, 2023, it owns and operates twelve tap water plants with a daily supply capacity of approximately 774,000 tons; nine city wastewater treatment plants with a daily treatment capacity of approximately 489,000 tons; two industrial park wastewater treatment plants with a daily capacity of 30,000 tons; five entrusted wastewater treatment plants with a daily capacity of 47,000 tons; and 294 wastewater treatment facilities in townships and rural areas with a daily capacity of 75,000 tons, supplemented by construction services. The company functions as a subsidiary of Luzhou City Xinglu Investment Group Co., Ltd. and has recently entered into contracts including a water supply pipeline installation agreement with Lingang Investments Group valued at approximately RMB 4.06 million in October 2024, a landscaping and cleaning service contract with affiliate Xinglu Property Management in October 2024, property management services with Luzhou Xinglu Property Management extending to October 2025, and a sludge disposal service contract with Xinglu Eco-friendly Concept via subsidiary XINGLU Sewerage in May 2025, while holding its first extraordinary general meeting on November 28, 2025, and announcing final dividend distribution for the year ended December 31, 2024.