China Water Affairs Group Limited (HKG:0855)

China Water Affairs Group Income Statement

Financials in millions HKD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	10,886	11,656	12,859	14,195	12,950	10,346
Revenue Growth (YoY)	-9.02%	-9.35%	-9.41%	9.62%	25.17%	18.99%
Selling, General & Admin	881.12	924.24	1,089	1,239	1,171	1,013
Provision for Bad Debts	507.74	497.74	10	45.02	-	-
Other Operating Expenses	6,667	6,988	7,898	8,610	7,759	5,812
Total Operating Expenses	8,056	8,410	8,997	9,893	8,930	6,824
Operating Income	2,830	3,246	3,862	4,302	4,019	3,521
Interest Expense	-771.73	-847.12	-724.65	-633.23	-468.08	-370.58
Interest Income	201.02	191.95	197.22	173.14	134.54	169.14
Net Interest Expense	-570.71	-655.17	-527.44	-460.09	-333.54	-201.44
Income (Loss) on Equity Investments	-14.56	69.75	44.14	162.79	235	213.14
EBT Excluding Unusual Items	2,245	2,660	3,378	4,004	3,921	3,533
Gain (Loss) on Sale of Assets	30	33.76	-8.8	14.95	-4.66	-3.16
Asset Writedown	55.91	55.91	-	-	-	-
Pretax Income	2,331	2,750	3,370	4,019	3,916	3,530
Income Tax Expense	585.14	722.07	778.3	930.95	939.09	867.55
Earnings From Continuing Ops.	1,746	2,028	2,591	3,088	2,977	2,662
Minority Interest in Earnings	-855.37	-953.42	-1,058	-1,232	-1,084	-969.61
Net Income	890.27	1,075	1,534	1,857	1,894	1,692
Net Income to Common	890.27	1,075	1,534	1,857	1,894	1,692
Net Income Growth	-39.16%	-29.92%	-17.41%	-1.94%	11.88%	3.23%
Shares Outstanding (Basic)	1,629	1,632	1,632	1,632	1,618	1,592
Shares Outstanding (Diluted)	1,629	1,632	1,632	1,632	1,632	1,632
Shares Change (YoY)	-0.20%	-0.03%	-	-	0.00%	1.67%
EPS (Basic)	0.55	0.66	0.94	1.14	1.17	1.06
EPS (Diluted)	0.55	0.66	0.94	1.14	1.16	1.04
EPS Growth	-39.04%	-29.90%	-17.41%	-1.94%	11.54%	1.96%
Free Cash Flow	2,778	3,102	2,365	3,145	3,406	2,089
Free Cash Flow Per Share	1.71	1.90	1.45	1.93	2.09	1.28
Dividend Per Share	0.280	0.280	0.280	0.340	0.340	0.310
Dividend Growth	-	-	-17.65%	-	9.68%	3.33%
Profit Margin	8.18%	9.22%	11.93%	13.08%	14.62%	16.36%
Free Cash Flow Margin	25.52%	26.61%	18.39%	22.16%	26.30%	20.19%
EBITDA	3,873	4,284	4,846	5,254	4,828	4,182
EBITDA Margin	35.58%	36.75%	37.69%	37.01%	37.28%	40.43%
D&A For EBITDA	1,043	1,038	984.15	952.24	808.19	661.37
EBIT	2,830	3,246	3,862	4,302	4,019	3,521
EBIT Margin	26.00%	27.85%	30.03%	30.30%	31.04%	34.03%
Effective Tax Rate	25.11%	26.26%	23.10%	23.16%	23.98%	24.58%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.