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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
China Boqi Environmental (Holding) Co., Ltd.
HKEX:2377
(Hong Kong Exchange)

Recent

price

0.70

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
1.56
1.7
1.7
1.67
1.94
1.82
1.66
2.1
1.91
2.15
2.15
2.6
- -
Revenue per Share
0.13
0.17
0.19
-0.05
0.44
0.18
0.21
0.35
0.15
0.24
0.24
0.28
- -
Basic EPS, GAAP
0.28
0.12
-0.01
0.05
-0.38
-0.29
0.07
-0.12
0.03
-0.06
0.14
0.27
- -
Free Cash Flow per Basic Share
0.01
0.08
0.27
- -
- -
0.08
0.03
0.06
0.06
0.03
0.03
0.04
- -
Dividend 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
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
Tangible Book Value per Share
795
795
795
795
900
1,008
993
995
997
997
1,002
857
853
Basic Weighted Avg Shares
1,239
1,351
1,353
1,329
1,745
1,836
1,646
2,092
1,900
2,138
2,151
2,230
- -
Sales/Revenue/Turnover
9.22
11.03
12.25
14.11
10.27
10.6
13.54
11.13
20.55
12.65
12.04
13.69
- -
Operating Margin (%)
34
32
35
41
49
78
101
94
115
117
126
127
- -
Depreciation Expense
104
138
152
-36
394
183
208
348
152
240
236
240
- -
Net Income, GAAP
19.85
21.02
21.41
808.55
12.42
12.65
12.01
9.75
11.51
13.56
10.88
11.08
- -
Effective Tax Rate (%)
8.37
10.18
11.24
-2.74
22.6
9.94
12.61
16.64
7.99
11.23
10.99
10.76
- -
Profit Margin (%)
687
662
358
386
940
511
765
691
907
1,015
1,152
1,078
1,078
Working Capital
87
67
47
782
12
- -
98
118
117
120
284
232
232
LT Debt
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
Total Equity
- -
10.24
10.99
-93.17
7.72
6.78
7.42
7.57
11.07
6.63
6.57
6.87
- -
Return on Invested 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 Capital (%)
- -
13.2
14.5
-4.12
26.95
8.21
8.78
13.41
5.44
8.17
7.51
7.34
- -
Return on Common Equity (%)

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
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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.