Luzhou Xinglu Water (Group) Co., Ltd. (HKG:2281)

Hong Kong · Delayed Price · Currency is HKD

0.5750

+0.0150 (2.68%)

Nov 3, 2026, 3:05 PM HKT

HKG:2281 Financials Overview

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,197	1,237	1,330	1,286	1,353	1,370
Revenue Growth	-3.23%	-7.03%	3.41%	-4.95%	-1.22%	13.66%
Net Income	103.28	109.19	177.24	209.9	203.22	241.93
Earnings Per Share	0.13	0.13	0.21	0.24	0.24	0.28
EPS Growth	-1.06%	-38.09%	-12.50%	0%	-14.29%	-3.45%

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Tap water	480.37	518.36	663.71	655.68	793.91	876.42
Wastewater	712.93	717.82	663.56	609.76	526.35	473.73
Others	3.52	0.6	2.99	20.99	33.15	19.94
Total	1,197	1,237	1,330	1,286	1,353	1,370

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	449.08	605.99	447.18	390.51	609.76	871.74
Total Debt	2,699	2,157	2,035	2,095	2,405	3,113
Net Cash (Debt)	-2,250	-1,551	-1,588	-1,705	-1,796	-2,242
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2.80	-1.85	-1.88	-1.95	-2.12	-2.59

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	536.18	563.2	536.25	609.19	597.24	537.2
Capital Expenditures	-289.21	-276.34	-352.54	-522.65	-678.39	-754.36
Free Cash Flow	246.97	286.86	183.72	86.54	-81.15	-217.16
Free Cash Flow Growth	-13.91%	56.14%	112.28%	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Pretax Margin	12.48%	12.50%	17.13%	20.41%	18.97%	22.43%
Profit Margin	8.63%	8.83%	13.32%	16.32%	15.02%	17.66%
FCF Margin	20.64%	23.19%	13.81%	6.73%	-6.00%	-15.85%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 4, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Dividend Per Share	0.047	0.040	0.040	0.050	0.050	0.050
Dividend Per Share Growth	4.55%	0%	-20.00%	0%	0%	-16.67%
Dividend Yield	8.12%	6.02%	7.09%	9.18%	6.57%	6.20%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 4, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	3.87	5.24	2.74	2.23	3.22	2.87
P/FCF Ratio	1.73	1.99	2.64	5.41	-	-
PS Ratio	0.36	0.46	0.36	0.36	0.48	0.51