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Zhongshan Public Utilities Group Co., Ltd. Class A

Zhongshan Public Utilities Group Co., Ltd. Class A

SSZSE:000685
10.28
CNY
+0.11
(+1.08%)
1.75EPS
6.41P/E
16.38BMarket Cap
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
0.74
0.82
1.06
0.99
1.19
1.39
1.51
1.48
1.6
2.46
3.55
3.88
3.14
3.27
Basic EPS, GAAP
0.45
0.53
1.06
0.65
0.73
0.47
0.71
0.93
0.99
0.73
0.66
0.82
1.28
1.74
Free Cash Flow per Basic Share
0.09
0.12
0.08
0.11
0.17
-0.06
-0.01
0.02
0.24
-0.4
-0.58
-0.72
-0.54
- -
Dividend per Share
0.1
0.13
0.25
0.39
0.3
0.3
0.24
0.37
0.39
0.42
0.39
0.37
0.63
0.21
Book Value per Share
4.94
5.33
7.38
7.68
8.22
8.33
8.9
9.55
10.26
10.63
11.11
11.87
12.67
13.2
Tangible Book Value per Share
4.74
5.13
6.89
7.12
7.7
7.86
8.09
8.03
8.8
8.08
8.53
9.42
9.79
10.26
Basic Weighted Avg Shares
1,408
1,411
1,409
1,481
1,483
1,461
1,474
1,478
1,480
1,469
1,465
1,462
1,468
1,465
Sales/Revenue/Turnover
1,048
1,155
1,497
1,463
1,760
2,037
2,220
2,183
2,371
3,619
5,199
5,678
4,612
4,787
Operating Margin (%)
14.81
18.18
18.42
15.6
16.95
18.52
17.35
18.39
19.27
9.61
10.26
8.97
8.59
11.45
Depreciation Expense
156
174
197
226
229
234
216
349
387
393
416
535
659
- -
Net Income, GAAP
633
748
1,494
963
1,082
686
1,046
1,375
1,466
1,072
967
1,199
1,879
2,551
Effective Tax Rate (%)
11.01
4.99
4.39
6.08
5.37
10.78
6.64
4.92
5.04
4.86
7.79
5.4
4
3.82
Profit Margin (%)
60.46
64.77
99.79
65.82
61.51
33.7
47.14
62.97
61.82
29.63
18.59
21.11
40.75
53.29
Working Capital
469
1,134
1,234
-513
-526
-1,152
-1,009
-1,176
-685
-2,454
-3,345
-2,023
-3,637
-5,206
LT Debt
992
1,788
1,873
998
1,000
1,021
2,246
2,529
2,630
2,620
4,162
6,711
7,348
5,864
Total Equity
7,050
7,636
11,063
11,505
12,349
12,598
13,469
14,398
15,447
15,959
16,666
17,824
19,274
19,995
Return on Invested Capital (%)
8.25
8.83
13.39
7.27
7.83
4.82
6.53
7.54
7.85
5.32
4.34
4.75
6.73
8.63
Return on Capital (%)
8.81
9.12
13.92
7.79
7.98
4.98
7.13
8.75
8.78
6.29
5.08
5.62
7.74
9.49
Return on Common Equity (%)
9.77
10.39
16.26
8.66
9.23
5.62
8.24
10.11
10.03
6.96
6.03
7.07
10.38
13.93

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,768
3,579
5,277
LT Borrowings
7,284
6,845
5,796
LT Finance Leases
64
64
68
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,475
1,475
1,468
Market Capitalization
17,185
16,388
16,380

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
5,797
6,008
7,078
Cash, Cash Equivalents & STI
1,717
1,614
2,237
Accounts Receivable, Net
1,982
2,239
2,367
Inventories
84
157
102
Total Current Liabilities
9,435
10,030
12,284
Payables & Accruals
- -
- -
- -
ST Debt
2,768
3,579
5,277
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.73%
6.02%
8.13%
Free Cash Flow
46.42%
166.98%
-25.02%
Net Income, GAAP
7.48%
10.14%
56.77%
Sales/Revenue/Turnover
13.65%
19.07%
-18.78%
Total Cash Common Dividend
14.57%
14.33%
70.31%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
903
1,212
1,179
2,392
5,678
2025
977
1,144
- -
1,469
4,612
2026
1,006
1,167
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.13
0.25
0.32
0.12
0.82
2025
0.21
0.28
- -
0.46
1.28
2026
0.4
0.6
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.06
0.03
0.25
0.03
0.37
2025
0.4
0.07
- -
0.03
0.63
2026
0.06
0.05
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Jing Yi Guo
Full Time Employees
6,825
Sector
Utilities
Industry
Water utilities
Address
Caixing Building Zhongshan GD China 528403
IPO Date
Jan 23, 1997
Website
zpug.net
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Business
Zhongshan Public Utilities Group Co.,Ltd. Zhongshan Public Utilities Group Co.,Ltd. (000685.SZ) engages primarily in environmental protection water services, solid waste management, new energy development, engineering construction, and auxiliary businesses in China. The company provides urban water supply and sewage treatment, including water quality monitoring, engineering design, construction installation, information technology applications, and water treatment research and development; solid waste services encompassing urban cleaning, garbage collection, transportation, waste incineration power generation, and leachate treatment; new energy operations such as photovoltaic power generation and electrochemical energy storage; engineering projects involving municipal public works, pipeline installation, fire protection facilities, mechanical and electrical equipment, building decoration, urban and road lighting; as well as auxiliary activities like financial investment, market leasing management, farmers' markets operation, port passenger transportation, property management, sanitation services, security brokerage, investment consulting, and small loan businesses. Founded in 1998 and headquartered in Zhongshan, Guangdong Province, China, with water supply coverage spanning approximately 2,000 square kilometers serving over 1.2 million residents and daily production capacity of 400,000 cubic meters, the company operates predominantly in the Guangdong region while pursuing select international opportunities. In recent developments, Zhongshan Public Utilities Group received approval from Zhongshan Municipal authorities for the disposal of two subsidiaries, reflecting ongoing portfolio optimization; it continues to integrate advanced technologies like smart metering, reducing water loss by 20%, and leverages public-private partnerships for 30% of new projects to enhance efficiency amid urbanization-driven demand.