SIIC Environment Holdings Ltd.

SIIC Environment Holdings Ltd.

0.97
HKD
0.00
(0.00%)
2.55BMarket Cap
Feb 19Next Earn
2013 Y
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
1.1
0.82
0.84
1.17
1.86
2.04
2.29
2.4
2.81
3.22
2.94
2.95
2.75
- -
Basic EPS, GAAP
0.14
0.16
0.17
0.2
0.22
0.21
0.23
0.24
0.27
0.3
0.23
0.23
0.24
- -
Free Cash Flow per Basic Share
-0.05
0.07
-0.06
-0.08
-0.54
-0.26
-0.24
-0.04
-0.22
-0.72
0.3
-0.47
0.27
- -
Dividend per Share
- -
0.02
- -
0.75
0.04
0.05
0.05
0.05
0.07
0.07
0.08
0.03
0.06
0.03
Book Value per Share
1.52
1.88
2.44
2.65
2.88
3.01
3.21
3.43
3.7
3.81
3.93
4.13
4.28
4.18
Tangible Book Value per Share
0.89
1.08
0.81
-0.41
0.22
0.26
0.42
0.71
0.83
0.89
0.39
-0.45
-0.77
-0.5
Basic Weighted Avg Shares
1,102
1,835
2,137
2,257
2,491
2,607
2,606
2,603
2,582
2,576
2,576
2,576
2,576
2,576
Sales/Revenue/Turnover
1,214
1,504
1,804
2,648
4,639
5,313
5,960
6,252
7,267
8,304
7,573
7,596
7,073
- -
Operating Margin (%)
17.66
28.3
33.09
21.87
24.14
23.49
26.38
28.33
26.45
25.43
27.94
25.57
25.16
- -
Depreciation Expense
57
77
117
176
300
318
338
357
344
398
449
610
847
- -
Net Income, GAAP
150
291
360
455
536
540
600
635
706
780
604
605
610
- -
Effective Tax Rate (%)
25.7
17.34
19
18.68
22.12
25.68
26.01
22.51
25.05
24.51
26.83
21.58
8.52
- -
Profit Margin (%)
12.36
19.32
19.98
17.18
11.55
10.17
10.07
10.16
9.72
9.4
7.98
7.97
8.63
- -
Working Capital
329
30
-1,031
-2,260
-2,362
-2,639
-3,307
-2,157
-1,943
438
-987
1,514
4,565
3,968
LT Debt
1,031
1,720
1,769
6,607
7,311
8,699
9,112
10,575
11,683
15,408
14,524
17,067
18,046
18,321
Total Equity
3,174
4,191
6,579
8,533
10,244
10,914
11,860
13,022
14,036
14,815
15,290
16,083
16,661
16,402
Return on Invested Capital (%)
3.17
5.61
5.08
3.03
4.2
4.37
4.6
5
4.92
4.91
4.44
4.11
4.36
- -
Return on Capital (%)
3.68
5.38
5
3.79
3.87
3.66
3.78
3.27
2.88
3.02
2.29
2.35
2.26
- -
Return on Common Equity (%)
7.64
9.35
7.91
7.92
7.94
7.04
7.41
7.36
7.65
8.06
6.06
5.83
5.64
- -

Capital Structure

CNY

•

in mil. unless spec.
Sep'24
Dec'24
Jun'25
ST Debt
4,934
5,324
4,705
LT Borrowings
16,790
17,023
18,281
LT Finance Leases
26
44
39
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,576
2,576
2,576
Market Capitalization
2,186
2,251
2,327

Working Capital

CNY

•

in mil. unless spec.
Sep'24
Dec'24
Jun'25
Total Current Assets
10,587
10,778
12,055
Cash, Cash Equivalents & STI
2,781
2,922
4,022
Accounts Receivable, Net
6,392
5,519
6,711
Inventories
255
245
238
Total Current Liabilities
8,432
9,264
8,087
Payables & Accruals
- -
- -
- -
ST Debt
4,934
5,324
4,705
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.01%
5.07%
3.6%
Free Cash Flow
64.68%
17.68%
-157.91%
Net Income, GAAP
6.19%
0.02%
0.88%
Sales/Revenue/Turnover
16.87%
3.03%
-6.88%
Total Cash Common Dividend
- -
16.29%
91.04%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
7,596
2025
- -
3,896
7,073
2026
- -
- -
- -

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.23
2025
- -
0.1
0.24
2026
- -
- -
- -

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.03
2025
- -
- -
0.06
2026
- -
- -
- -

Company Description

CEO
Guang Lin Ji
Full Time Employees
6,453
Sector
Industrial services
Industry
Environmental services
Address
No. 37-02, Millenia Tower Singapore CE Singapore 039192
IPO Date
Mar 4, 2005
Business
SIIC Environment Holdings Ltd. (SGX: BHK, HKEX: 807) is a leading integrated investor and operator in China's environmental protection industry, primarily engaged in wastewater treatment, water supply, sludge treatment, solid waste incineration, reclaimed water reuse, industrial wastewater treatment, and related environmental services. The company operates through key segments including Water and Sludge Treatment, which encompasses construction, management, and operation of infrastructure under service concession arrangements such as BOT, TOT, PPP, and BOO models; Water Supply, involving tap water production and distribution to residential and non-residential users; and Waste Incineration, featuring solid waste-to-energy facilities that generate power sold to grid companies. Its portfolio includes approximately 251 wastewater treatment and water supply projects, 5 waste incineration projects, and 13 sludge treatment projects across 20 provinces and municipalities in China, such as Shandong, Guangdong, Hubei, Hunan, Jiangsu, Shanghai, Zhejiang, Jiangxi, Anhui, Fujian, Guangxi, Ningxia, Henan, Liaoning, Inner Mongolia, Shanxi, Sichuan, Jilin, Heilongjiang, and Macau, with a total daily treatment capacity exceeding 10 million tons. Additional offerings cover design, installation, consultancy for water meters, EPC projects, and emerging areas like seawater desalination, soil remediation, renewable energy, and pollution prevention technologies. The company manages operations via six regional divisions—Wuhan (Central), Southern Water (South), Shandong (North), Longjiang (Northeast), Fudan Water (East), and Ranhill (Industrial Wastewater)—along with subsidiaries like Shanghai SIIC Baojingang Environmental Resources Technology Co., Ltd., which operates the Baoshan Renewable Energy Utilization Center for co-processing municipal waste. Founded in 2002 and headquartered at One Temasek Avenue #37-02, Millenia Tower, Singapore 039192, SIIC Environment is controlled by Shanghai Industrial Holdings Limited (HKEX: 363), a subsidiary of the Shanghai Municipal Government's overseas conglomerate. In FY2024, the company acquired four new projects in Hubei Province, bolstering its wastewater capabilities, while in the first half of FY2025, it reported revenue of RMB 3.177 billion, reduced financial expenses, and advanced key initiatives like the Qingpu Xicen Water Purification Plant and Baoshan Project under the "One Mountain and One Water" strategy. As of October 2025, a proposed internal reorganization by the Shanghai Municipal People's Government will transfer indirect controlling ownership to Golden Bell International Holdings Ltd., maintaining state-owned structure with Golden Bell holding 50.12% of shares. SIIC Environment targets municipal governments, industrial parks, and end-users in China, with strategic expansions into Hong Kong, Singapore, and cross-border opportunities to enhance its position as a top-tier player in the sector.