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    Water utilities
Guangdong Shunkong Development Co., Ltd. Class A

Guangdong Shunkong Development Co., Ltd. Class A

SSZSE:003039
11.62
CNY
-0.04
(-0.34%)
0.66EPS
23.27P/E
6.80BMarket 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
1.23
1.28
1.35
1.33
1.42
1.67
2.11
2.21
2.2
2.14
2.36
2.98
3.61
3.64
Basic EPS, GAAP
0.21
0.28
0.33
0.29
0.23
0.39
0.42
0.48
0.45
0.39
0.39
0.43
0.49
0.47
Free Cash Flow per Basic Share
0.24
0.12
0.22
-0.34
-0.8
-0.48
0.17
0.52
0.22
0.39
0.43
-0.07
-0.03
- -
Dividend per Share
0.14
0.35
0.15
0.15
0.18
0.16
0.25
0.19
0.17
0.16
0.15
0.55
0.3
0.56
Book Value per Share
3.69
4.08
3.26
3.5
2.06
2.32
2.75
3.12
3.63
3.89
4.17
4.44
4.71
4.68
Tangible Book Value per Share
2.72
3.08
2.94
3.18
0.49
-0.42
-0.17
0.23
0.93
1.32
0.78
-0.46
-0.18
-0.2
Basic Weighted Avg Shares
495
495
485
495
494
506
561
558
607
618
618
618
618
618
Sales/Revenue/Turnover
610
634
653
660
702
847
1,186
1,234
1,338
1,320
1,456
1,839
2,228
2,251
Operating Margin (%)
21.6
19.53
20.87
20.7
23.75
33.11
35.19
36.94
35.42
31.65
30.13
31.12
27.71
26.44
Depreciation Expense
131
118
118
102
131
130
186
201
211
221
241
342
388
- -
Net Income, GAAP
105
138
160
144
114
197
236
268
273
239
244
268
304
292
Effective Tax Rate (%)
24.88
15.56
17.59
16.09
26.44
32.2
15.57
13.97
16.39
19.89
18.41
18.14
18.95
20.38
Profit Margin (%)
17.19
21.84
24.49
21.77
16.2
23.29
19.87
21.71
20.43
18.08
16.73
14.57
13.64
12.98
Working Capital
-1
81
338
-311
-407
-100
-40
-108
59
254
207
202
148
427
LT Debt
753
730
829
354
322
967
929
675
426
406
633
1,611
1,665
1,923
Total Equity
1,827
2,019
1,616
1,864
1,401
1,676
1,987
2,261
2,839
3,076
3,377
3,665
3,836
3,920
Return on Invested Capital (%)
3.41
5.18
5.97
5.16
4
7.39
9.22
10.8
10.76
8.92
8.23
7.44
6.8
6.28
Return on Capital (%)
5.63
6.71
7.56
6.81
6.69
7.64
6.46
7.42
6.19
4.62
4.02
3.6
3.72
3.59
Return on Common Equity (%)
5.87
7.2
8.81
8.59
8.26
17.09
16.76
16.46
13.77
10.28
9.79
10.08
10.76
10.29

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,282
1,051
890
LT Borrowings
1,647
1,723
1,910
LT Finance Leases
18
16
13
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
618
618
618
Market Capitalization
9,837
9,078
6,799

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,473
2,310
2,338
Cash, Cash Equivalents & STI
853
696
655
Accounts Receivable, Net
1,011
1,166
1,225
Inventories
108
118
130
Total Current Liabilities
2,324
2,096
1,911
Payables & Accruals
- -
- -
- -
ST Debt
1,282
1,051
890
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.94%
11.37%
4.66%
Free Cash Flow
-24.33%
-27.36%
-55.42%
Net Income, GAAP
9.04%
2.96%
13.4%
Sales/Revenue/Turnover
13.7%
12.97%
21.18%
Total Cash Common Dividend
28.3%
43.83%
-44.78%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
405
448
481
505
1,839
2025
498
555
- -
586
2,228
2026
536
573
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
0.11
0.14
0.1
0.43
2025
0.09
0.11
- -
0.15
0.49
2026
0.11
0.1
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.48
- -
0.06
0.55
2025
0.03
0.23
- -
0.02
0.3
2026
0.02
0.29
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Li Jiang
Full Time Employees
2,240
Sector
Utilities
Industry
Water utilities
Address
Building 1, Hengshi Real Estate Plaza Foshan GD China 528300
IPO Date
Mar 8, 2021
Website
gdskfz.com
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Business
Guangdong Shunkong Development Co., Ltd. (003039.SZ) is a China-based company principally engaged in providing comprehensive urban environmental services, including tap water production and sales; integrated solid waste treatment such as garbage incineration power generation, garbage disposal, and sludge treatment; sewage treatment and water environment governance; municipal environmental engineering construction; green new energy solutions like photovoltaic power generation and distributed energy storage; and green packaging and printing services. The company operates eight water plants with a daily capacity of 1.608 million cubic meters, serving over 3.2 million people across 806 square kilometers primarily in Guangdong Province; invests in and operates solid waste projects in Guangdong, Hebei, and Anhui with a total daily processing capacity of 4,500 tons for household garbage, 450 tons for sludge, and 350 tons for kitchen waste; manages five sewage treatment plants with nearly 333,000 tons per day capacity; and through its subsidiary Huaxin (Foshan) Color Printing Co., Ltd., delivers packaging solutions for food, healthcare, daily chemicals, tobacco, and alcohol sectors to global brands. Founded in 1992 and headquartered in Foshan, Guangdong, the company functions as a subsidiary of Guangdong Shunde Holding Group Company Limited and listed on the Shenzhen Stock Exchange in 2021. Recent developments include signing an equity and debt transfer agreement for Huaxin Color Printing with Guanhao Hi-Tech in December 2024 to optimize its green packaging operations; plans to co-invest with professional institutions announced in January 2025 for strategic expansion; and ongoing advancements in "half-underground garden-style" garbage transfer stations like the Chen Village facility to enhance environmental infrastructure in 2025.