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China Boqi Environmental (Holding) Co., Ltd.

China Boqi Environmental (Holding) Co., Ltd.

HHKEX:2377
0.70
HKD
-0.05
(-7.33%)
854.86MMarket Cap
Mar 19Next Earn
2014 Y
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
1.56
1.7
1.7
1.67
1.94
1.82
1.66
2.1
1.91
2.15
2.15
2.6
- -
Basic EPS, GAAP
0.13
0.17
0.19
-0.05
0.44
0.18
0.21
0.35
0.15
0.24
0.24
0.28
- -
Free Cash Flow per Basic Share
0.28
0.12
-0.01
0.05
-0.38
-0.29
0.07
-0.12
0.03
-0.06
0.14
0.27
- -
Dividend per Share
0.01
0.08
0.27
- -
- -
0.08
0.03
0.06
0.06
0.03
0.03
0.04
- -
Book Value per Share
1.26
1.36
1.28
0.95
2.15
2.26
2.43
2.73
2.82
3.03
3.23
3.84
3.84
Tangible Book Value per Share
0.91
0.94
0.76
0.41
1.61
1.49
1.74
1.93
2.24
2.5
2.74
3.33
3.33
Basic Weighted Avg Shares
795
795
795
795
900
1,008
993
995
997
997
1,002
857
853
Sales/Revenue/Turnover
1,239
1,351
1,353
1,329
1,745
1,836
1,646
2,092
1,900
2,138
2,151
2,230
- -
Operating Margin (%)
9.22
11.03
12.25
14.11
10.27
10.6
13.54
11.13
20.55
12.65
12.04
13.69
- -
Depreciation Expense
34
32
35
41
49
78
101
94
115
117
126
127
- -
Net Income, GAAP
104
138
152
-36
394
183
208
348
152
240
236
240
- -
Effective Tax Rate (%)
19.85
21.02
21.41
808.55
12.42
12.65
12.01
9.75
11.51
13.56
10.88
11.08
- -
Profit Margin (%)
8.37
10.18
11.24
-2.74
22.6
9.94
12.61
16.64
7.99
11.23
10.99
10.76
- -
Working Capital
687
662
358
386
940
511
765
691
907
1,015
1,152
1,078
1,078
LT Debt
87
67
47
782
12
- -
98
118
117
120
284
232
232
Total Equity
1,012
1,080
1,017
753
2,173
2,274
2,451
2,748
2,849
3,069
3,284
3,327
3,327
Return on Invested Capital (%)
- -
10.24
10.99
-93.17
7.72
6.78
7.42
7.57
11.07
6.63
6.57
6.87
- -
Return on Capital (%)
- -
12.34
12.41
-4.91
20.71
8.04
8.73
12.86
5.29
8.02
7.06
6.77
- -
Return on Common Equity (%)
- -
13.2
14.5
-4.12
26.95
8.21
8.78
13.41
5.44
8.17
7.51
7.34
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
171
118
76
LT Borrowings
262
218
204
LT Finance Leases
22
19
28
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,006
855
855
Market Capitalization
907
663
768

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
2,957
2,461
2,660
Cash, Cash Equivalents & STI
813
533
673
Accounts Receivable, Net
1,117
1,047
1,129
Inventories
38
43
32
Total Current Liabilities
1,805
1,600
1,583
Payables & Accruals
- -
- -
- -
ST Debt
171
118
76
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
20.11%
6.37%
1.29%
Free Cash Flow
-271.44%
-199.5%
60.4%
Net Income, GAAP
-126.68%
13.9%
1.46%
Sales/Revenue/Turnover
5.92%
6.94%
3.67%
Total Cash Common Dividend
- -
17.58%
11.48%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
2,138
2024
- -
- -
2,151
2025
- -
- -
2,230

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.24
2024
- -
- -
0.24
2025
- -
- -
0.28

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.03
2024
- -
- -
0.03
2025
- -
- -
0.04

Company Description

Company Profile APIChatGPT
CEO
Zhi Jun Zeng
Full Time Employees
2,294
Sector
Industrial services
Industry
Engineering & construction
Address
CCT Center Chaoyang BE China 100012
IPO Date
Mar 16, 2018
Website
chinaboqi.com
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Business
China Boqi Environmental (Holding) Co., Ltd. is an investment holding company specializing in environmental protection solutions primarily within the People's Republic of China. The company’s core business segments include flue gas treatment, water treatment, hazardous and solid waste treatment and disposal, and dual-carbon energy-saving projects. Its flue gas treatment business involves environmental protection facility engineering, operation and maintenance of desulfurization, denitrification, and dust removal facilities, and investment projects. The water treatment segment covers project engineering, design, equipment procurement, construction, equipment installation, commissioning, and sewage treatment services. The hazardous and solid waste segment focuses on detoxification, reduction, resource treatment, and disposal of industrial hazardous waste and bulk solid waste. The dual-carbon energy-saving segment provides project engineering, design, procurement, construction, equipment installation, and commissioning services targeting cleaner energy solutions. Headquartered in Beijing and founded in 2015, China Boqi targets industrial clients across power, steel, petrochemical, metallurgical, and coal chemical industries as well as municipal sectors. Recent major changes include the acquisition of Yangxi Facilities related to desulfurization and denitrification projects as formalized in a 2023 supplemental agreement, expanding the company’s operational assets and service scope. The company has also increasingly shifted towards concession-based operation and maintenance business models and diversified beyond the power industry into broader non-power sectors such as steel and petrochemical fields. This strategic expansion aligns with China's national policy trends promoting third-party environmental treatment and enhanced environmental regulation compliance. Additionally, China Boqi has maintained a steady financial performance with growing revenue and profit margins reported in recent half-year and full-year results. The company also completed share buy-back programs adjusting its ownership structure, reflecting active management of capital structure and shareholder value. These developments consolidate China Boqi's position as a comprehensive environmental service provider with a growing portfolio in pollution control and clean energy solutions.