Beijing Enterprises Water Group stock reports lower interim profit

Published on 09/28/2026 at 12:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Beijing Enterprises Water Group stock was last at HKD 1.54 on September 28, 2026, down 0.32 percent, with HKD 15.5 billion market value. H1 revenue fell 5.6 percent and profit declined 23.3 percent.

BE Water, HK0371000832, Illustration mit AI erstellt.

Beijing Enterprises Water Group (ISIN HK0371000832) stock was last at HKD 1.54 on the Hong Kong Stock Exchange on September 28, 2026, down 0.32 percent from the prior close. The latest half-year figures show revenue and profit moving in opposite directions from the company's asset-light transition story.

Interim profit falls 23.3 percent

For the six months ended June 30, 2026, revenue fell 5.6 percent year over year to RMB 9.871 billion, while profit attributable to shareholders declined 23.3 percent to RMB 688 million, according to Futu on September 24, 2026. Basic earnings per share were RMB 0.0643, and the gross margin stood at 40 percent for the period.

The pressure was concentrated in project-related activities. Technical services and equipment sales revenue fell 55 percent year over year to RMB 332 million, while construction revenue from build-operate-transfer projects dropped 60 percent to RMB 184 million, as the group reduced investment and emphasized asset-light projects.

Water operations remain steadier

Core treatment activity provided a counterweight. Sewage and reclaimed-water treatment revenue increased 0.4 percent year over year to RMB 4.536 billion, while water-supply revenue fell 5 percent to RMB 1.373 billion, based on the same interim report from The Globe and Mail. Administrative expenses declined 7 percent and finance costs fell 17 percent, giving management some room to pursue the transition.

The board proposed an interim cash dividend of HKD 0.0554 per share for the period, payable on October 26, 2026. That distribution is lower year over year, a factor cited in a Futu report on September 11, 2026, which said Citi cut its price target from HKD 3.05 to HKD 1.70 and reduced its 2026 earnings target from RMB 1.5 billion to RMB 1.2 billion.

Stock remains near yearly low

At HKD 1.54 on September 28, 2026, the stock stood HKD 0.02 above its 52-week low of HKD 1.52 and HKD 1.44 below its 52-week high of HKD 2.98. Trading volume reached 38,105,194 shares, while market capitalization was HKD 15.5 billion.