Breaking Down Chongqing Water Group Co.,Ltd. Financial Health: Key Insights for Investors

Curious whether Chongqing Water Group Co., Ltd. (601158.SS) is a resilient utility play or a cautionary tale for investors? This deep-dive untangles the numbers: 2024 revenue slipped to 6.999 billion yuan (a 3.52% decline from 2023) while TTM revenue sits at 7.13 billion yuan and revenue per share is 1.44 yuan; Q1 2025 shows a rebound with revenue up 8.66% year-over-year to 1.652 billion yuan. Profitability reflects strain-2024 net income fell to 785 million yuan (down 27.88%) with EPS at 0.16 yuan and TTM net income ~838.26 million yuan, ROE at 4.85%, profit margin 11.76% and operating margin 18.59%-yet liquidity signals include a striking TTM cash flow margin of 881.23% and OCF at 10.91%. Valuation metrics show a TTM P/E of 27.59 (forward P/E 24.68), P/S 3.16, P/B 1.30 and EV/EBITDA 10.67, while growth catalysts include an average five-year revenue growth of 4.4%, Q1 momentum and a planned 354 million yuan acquisition of Yujing Water to expand Banan District share; market cap stands at 21.60 billion yuan. Dive into the full article for a line-by-line breakdown of revenue trends, margins, liquidity oddities, debt visibility gaps and the valuation trade-offs investors must weigh.

Chongqing Water Group Co.,Ltd. (601158.SS) - Revenue Analysis

Chongqing Water Group's top-line shows modest volatility: a slight revenue decline in 2024 followed by a rebound in Q1 2025 and a steady multi-year growth trend averaging 4.4% annually.

• 2024 revenue: 6.999 billion yuan (down 3.52% vs. 2023's 7.254 billion yuan)
• TTM revenue: 7.13 billion yuan
• Revenue per share (TTM): 1.44 yuan
• Q1 2025 revenue: 1.652 billion yuan (up 8.66% YoY)
• 5-year average annual revenue growth: 4.4%

Key drivers visible in the data include steady underlying growth (5-year average 4.4%) juxtaposed with near-term cyclicality that produced a 3.52% decline in 2024 but an encouraging Q1 2025 acceleration. For broader corporate context, see Chongqing Water Group Co.,Ltd.: History, Ownership, Mission, How It Works & Makes Money

Chongqing Water Group Co.,Ltd. (601158.SS) - Profitability Metrics

• 2024 net income: 785 million yuan (down 27.88% from 1.09 billion yuan in 2023)
• Basic EPS 2024: 0.16 yuan (2023: 0.23 yuan)
• TTM net income: 838.26 million yuan
• TTM profit margin: 11.76%
• TTM operating margin: 18.59%
• TTM return on equity (ROE): 4.85%

• Margin profile: operating margin (18.59%) substantially exceeds profit margin (11.76%), indicating non-operating items, interest, or taxes materially reduce net profits.
• ROE of 4.85% suggests modest shareholder returns relative to equity; investors should compare with sector peers for context.
• EPS contraction from 0.23 to 0.16 yuan aligns with the near-28% drop in reported net income-signal of earnings pressure in 2024.

Chongqing Water Group Co.,Ltd. (601158.SS) - Debt vs. Equity Structure

Key reported items and gaps in disclosure regarding Chongqing Water Group Co.,Ltd.'s capital structure as of the most recently available dates:

• Total assets (as of 2024-12-31): Not specified in available sources
• Total liabilities (as of 2024-12-31): Not specified in available sources
• Equity capital (as of 2024-12-31): Not specified in available sources
• Long-term debt (as of 2024-12-31): Not specified in available sources
• Debt-to-equity ratio: Not provided in available sources
• Financing balance (2025-12-21): 112 million yuan; change over past five days: -0.55%

Practical notes for investors focusing on capital structure:

• Material gaps exist in publicly available 2024 balance sheet detail; critical metrics (total assets, liabilities, equity, long-term debt) are unspecified.
• Short-term market financing activity is observable (financing balance = 112 million yuan on 2025-12-21), but this does not substitute for full leverage metrics.
• Without disclosed debt and equity totals, standard solvency ratios (debt-to-equity, debt/EBITDA, interest coverage) cannot be reliably calculated from public sources cited.

For operational, historical and ownership context, see: Chongqing Water Group Co.,Ltd.: History, Ownership, Mission, How It Works & Makes Money

Chongqing Water Group Co.,Ltd. (601158.SS) - Liquidity and Solvency

This section examines key liquidity and solvency indicators for Chongqing Water Group Co.,Ltd. (601158.SS), highlighting available metrics and noting data gaps from public sources.

• Cash Flow Margin (TTM): 881.23% - indicates unusually high cash generation relative to revenues for the trailing twelve months.
• Operating Cash Flow (OCF) Margin (TTM): 10.91% - OCF as a percentage of revenue for the trailing twelve months.
• Net Income (TTM): ¥826.92 million - reported net profit over the trailing twelve months.
• Net Cash Flow from Operating Activities (TTM): Not specified in available sources.
• Quick Ratio (as of 2024-12-31): Not specified in available sources.
• Current Ratio (as of 2024-12-31): Not specified in available sources.

For additional context on the company's background, ownership and business model, see: Chongqing Water Group Co.,Ltd.: History, Ownership, Mission, How It Works & Makes Money

Chongqing Water Group Co.,Ltd. (601158.SS) Valuation Analysis

• TTM P/E: 27.59
• Forward P/E: 24.68
• P/S: 3.16
• P/B: 1.30
• EV/Revenue: 4.39
• EV/EBITDA: 10.67

• Relative view: P/B of 1.30 suggests limited balance-sheet premium; EV/EBITDA ~10.7x sits in a range that typically indicates neither deep value nor clear overvaluation for established utilities.
• Growth expectations: Forward P/E (24.68) below TTM P/E (27.59) signals anticipated earnings growth or margin improvement priced by the market.
• Revenue and cash-flow lens: P/S 3.16 and EV/Revenue 4.39 imply investors pay a noticeable multiple for top-line stability and regulated cash flows.

Chongqing Water Group Co.,Ltd. (601158.SS) - Risk Factors

• Revenue contraction: 2024 revenue declined by 3.52% year-over-year, signaling demand or pricing pressures in core water services and related engineering operations.
• Sharp net income decline: 2024 net income fell 27.88% versus 2023, indicating margin compression or one-off losses that materially reduced profitability.
• Earnings per share erosion: Basic EPS dropped to ¥0.16 in 2024 from ¥0.23 in 2023, lowering per-share returns and potentially impacting investor sentiment and P/E multiples.
• Moderate return on equity: TTM ROE is 4.85%, a relatively low return given the sector's capital intensity, raising questions about capital efficiency and shareholder value creation.
• Profitability pressure: TTM profit margin is 11.76%, and operating margin is 18.59%, suggesting operating leverage exists but net profitability is weakened by non-operating costs or financing expenses.

• Exposure to capital expenditure needs: the water sector requires sustained capex for maintenance and expansion-low ROE raises questions about the effectiveness of incremental investment.
• Margin sensitivity: with operating margin at 18.59% but profit margin at 11.76%, non-operating items (interest, taxes, one-offs) materially impact bottom-line results.
• Dividend and coverage risk: EPS decline and lower net income may force dividend adjustments or reduced payout ratios if cash flow weakens.
• Market and regulatory risk: local government policy, tariff approvals, and environmental compliance costs can directly affect revenue growth and margins.

Chongqing Water Group Co.,Ltd. (601158.SS) - Growth Opportunities

Recent operating and market data point to moderated but steady expansion and targeted inorganic moves to consolidate regional water-supply operations.

• Q1 2025 revenue: 1.652 billion yuan, +8.66% year-over-year.
• Five-year average revenue growth: 4.4% annually (CAGR).
• Planned acquisition: 100% equity of Yujing Water for 354 million yuan to strengthen market share in Banan District.
• Market capitalization (12 Dec 2025): 21.60 billion yuan.
• Valuation: TTM P/E = 27.59; Forward P/E = 24.68.

Key levers supporting potential growth and investor focus:

• Regional consolidation: the Yujing Water acquisition enhances local scale and customer base in Banan District, offering route-to-market and tariff adjustment levers.
• Revenue momentum: Q1 2025 acceleration (+8.66% YoY) above the five‑year average suggests operational inflection or favorable pricing/tariff realizations.
• Valuation and expected earnings: a forward P/E (24.68) lower than TTM (27.59) implies market-anticipated earnings growth or margin improvement priced in.
• Balance between steady organic growth (4.4% five‑year average) and selective M&A to lift aggregate growth and municipal footprint.

For more on the company's guiding principles and long-term orientation see: Mission Statement, Vision, & Core Values (2026) of Chongqing Water Group Co.,Ltd.