1. People's Republic of China Stocks

  2. •

    Industrials

  3. •

    Waste Management
Tianjin Capital Environmental Protection Group Company Limited

Tianjin Capital Environmental Protection Group Company Limited

TNJIF
Tianjin Capital Environmental Protection Group Company LimitedUS flagOther OTC
0.46
USD
- -
- -
1.23BMarket 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
1.24
1.31
1.35
1.37
1.52
1.71
2.02
2.36
3.21
3.07
2.97
3.05
3.04
2.25
Basic EPS, GAAP
0.2
0.22
0.23
0.31
0.36
0.35
0.36
0.4
0.49
0.51
0.55
0.51
0.55
0.18
Free Cash Flow per Basic Share
-0.12
-0.02
1.28
-0.04
0.55
-0.79
-0.83
-0.71
0.07
0.17
-0.43
0.44
1.51
-0.27
Dividend per Share
- -
- -
- -
- -
0.17
- -
- -
- -
- -
- -
0.38
- -
- -
0.18
Book Value per Share
2.29
2.42
2.51
2.73
3.12
3.4
3.68
3.89
4.24
4.51
4.59
4.87
5.24
5.4
Tangible Book Value per Share
0.75
-1.42
-1.14
-0.86
-0.94
-2.63
-3.28
-3.1
-1.86
-0.64
-0.53
-0.09
0.87
1.12
Basic Weighted Avg Shares
1,409
1,401
1,437
1,430
1,412
1,432
1,409
1,425
1,415
1,473
1,573
1,583
1,568
1,570
Sales/Revenue/Turnover
1,750
1,828
1,934
1,959
2,148
2,448
2,851
3,364
4,536
4,522
4,665
4,827
4,760
3,537
Operating Margin (%)
32.46
34.12
30.53
32.5
39.04
35.43
29.43
32.26
25.61
29.12
33.56
33.74
31.96
33.23
Depreciation Expense
338
334
317
323
340
391
509
573
630
598
660
757
758
- -
Net Income, GAAP
282
308
331
443
508
501
507
570
693
751
865
807
862
276
Effective Tax Rate (%)
25.59
26.67
29.72
24.8
27.77
24.19
15.98
15.6
19.76
16.17
18.33
16.85
20.38
21.82
Profit Margin (%)
16.11
16.86
17.09
22.63
23.66
20.48
17.78
16.95
15.28
16.61
18.55
16.72
18.12
7.81
Working Capital
1,060
1,616
286
1,595
1,154
1,501
1,248
279
1,626
3,002
1,929
2,269
6,140
6,324
LT Debt
2,598
2,954
1,269
1,905
1,280
3,848
4,804
5,327
7,453
7,980
7,890
7,915
8,917
8,668
Total Equity
4,135
4,338
4,619
5,004
5,582
6,615
7,142
7,582
8,104
9,502
10,216
10,797
11,399
11,695
Return on Invested Capital (%)
5.6
5.98
5.67
6.77
7.82
6.83
5.89
6.69
6.03
6.29
6.64
6.7
5.79
4.23
Return on Capital (%)
6.9
6.8
7.02
8.54
8.69
7.24
6.05
6
6.48
6.33
6.52
5.72
5.48
2.37
Return on Common Equity (%)
8.99
9.32
9.45
11.81
12.24
10.81
10.09
10.63
12.01
11.88
12.48
10.82
10.84
3.36

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
1,367
1,474
LT Borrowings
- -
8,914
8,664
LT Finance Leases
- -
3
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
1,570
1,570
Market Capitalization
5,168
5,111
5,034

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
9,880
10,092
Cash, Cash Equivalents & STI
- -
4,718
4,284
Accounts Receivable, Net
- -
3,919
4,547
Inventories
- -
43
45
Total Current Liabilities
- -
3,740
3,768
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,367
1,474
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.54%
8.58%
5.57%
Free Cash Flow
-210.9%
-59.35%
241.31%
Net Income, GAAP
10.63%
9.06%
6.83%
Sales/Revenue/Turnover
9.91%
7.95%
-1.4%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,080
1,138
1,171
1,438
4,827
2025
1,102
1,075
- -
1,313
4,760
2026
1,149
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.16
- -
- -
- -
0.51
2025
- -
- -
- -
- -
0.55
2026
0.18
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
- -
- -
- -
- -
2025
0.04
- -
- -
- -
- -
2026
0.04
- -
- -
- -
- -

Company Description

APIChat
CEO
Fusheng Tang
Full Time Employees
2,321
Sector
Industrials
Industry
Waste Management
Address
TCEP Building Tianjin People's Republic of China 300381
IPO Date
Apr 16, 2015
Website
tjcep.com
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Business
Tianjin Capital Environmental Protection Group Company Limited (1065.HK; 600874.SS; TNJIF) is a China-based environmental protection company principally engaged in water treatment and resource recycling services. The company provides sewage water treatment and sewage treatment plant construction; recycled water production and auxiliary projects; heating and cooling supply services including new energy solutions; tap water supply and water plant facilities construction; sales of environmental protection equipment; sludge treatment and disposal; hazardous waste treatment; distributed photovoltaic power generation; environmental protection equipment customization; construction and management of related facilities; and contract operation services. Incorporated in 1993 and headquartered at No. 76 Weijin South Road, Nankai District, Tianjin, China, the company operates primarily in the People's Republic of China, serving municipal utilities, industrial, and residential customers across multiple provinces with approximately 2,320 employees. Tianjin Capital Environmental Protection Group functions as a subsidiary of Tianjin Municipal Investment Company Limited, which indirectly holds 45.57% of its shares. In recent developments, the company secured four new water treatment projects including Huize Phase III, Chibi Lushui Industrial Park, Huoqiu, and Wuhu Binjiang Phase II during 2024, while expanding its new energy business beyond Tianjin. It entered a RMB40 million loan agreement with Hebei Guojin Tianchuang Sewage Treatment Company Limited in November 2025 to support operational capital needs, and signed an engineering consultation service agreement with Tianjin Infrastructure Consultant in November 2025 for the Phase II relocation of Xianyang Road Sewage Water Treatment Plant. Additionally, the company terminated its franchising project for Enshi Dasha Dam Phase I and Phase II (Tanjia Dam) sewage treatment plants and pipelines in November 2025 due to adjustments in China's PPP policy under new regulatory measures including Order No. 17 and Guobanhan No. 115.