1. China Stocks

  2. •

    Utilities

  3. •

    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
Guangdong Shunkong Development Co., Ltd. Class A
SZSE:003039
(Shenzhen Stock Exchange)

Recent

price

11.62

P/E

ratio

23.27

div

yld

4.83%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
0.91
1.02
1.21
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
Revenue per Share
0.07
0.1
0.19
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
Basic EPS, GAAP
0.27
0.31
-0.18
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
- -
Free Cash Flow per Basic Share
0.06
0.06
0.04
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
Dividend per Share
3.19
3.27
3.53
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
Book Value per Share
2.09
2.2
2.54
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
Tangible Book Value per Share
495
495
495
495
495
485
495
494
506
561
558
607
618
618
618
618
618
Basic Weighted Avg Shares
451
503
597
610
634
653
660
702
847
1,186
1,234
1,338
1,320
1,456
1,839
2,228
2,251
Sales/Revenue/Turnover
16.14
10.24
20.78
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
Operating Margin (%)
108
101
121
131
118
118
102
131
130
186
201
211
221
241
342
388
- -
Depreciation Expense
36
52
92
105
138
160
144
114
197
236
268
273
239
244
268
304
292
Net Income, GAAP
40.46
30.54
30.82
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
Effective Tax Rate (%)
7.97
10.32
15.38
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
Profit Margin (%)
-703
-641
-129
-1
81
338
-311
-407
-100
-40
-108
59
254
207
202
148
427
Working Capital
263
311
750
753
730
829
354
322
967
929
675
426
406
633
1,611
1,665
1,923
LT Debt
1,580
1,619
1,745
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
Total Equity
1.48
1.97
3.35
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 Invested Capital (%)
2.26
3.56
5.36
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 Capital (%)
1.9
3.25
5.46
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
Return on Common Equity (%)

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
- -
- -
- -
Similar Companies
American Water Works Company, Inc. (NYSE:AWK)
Veolia Environnement SA (EURONEXT:VIE)
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP (B3:SBSP3)
Power and Water Utility Company for Jubail and Yanbu (Marafiq) (TADAWUL:2083)
Essential Utilities, Inc. (NYSE:WTRG)
WHA Utilities and Power Public Company Limited (SET:WHAUP)
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.