Core Viewpoint - Beikong Water Group reported a decline in revenue and profit for the fiscal year ending December 31, 2024, primarily due to reduced contributions from BOT water service projects [1][2] Financial Performance - The company recorded a revenue of 24.27 billion RMB, a year-on-year decrease of 1.02% [1] - Shareholder profit was 1.678 billion RMB, down 11.5% year-on-year [1][2] - Basic earnings per share were 15.63 cents [1] Dividend Information - The company proposed a final dividend of 0.091 HKD per share, reflecting a year-on-year increase of 2.5% [1][2] - The dividend payout ratio increased by 16.8 percentage points to 95.2% [1] Cash Flow and Profit Quality - Cash-generating business revenue accounted for 85.8% of total earnings, up 7.8 percentage points year-on-year [1] - Free cash flow increased by 35% to 1.48 billion RMB, with a target to increase by another 1 billion RMB this year [1] Market Analysis - Citigroup noted that the profit decline was not concerning due to higher non-cash impairment losses, indicating improved profit quality [1] - Huatai Securities highlighted that the net profit was below their expectation of 1.876 billion RMB, mainly due to increased impairment losses [2]
港股异动 | 北控水务集团(00371)涨超3% 年度派息比率同比上升2.5% 机构指公司利润下跌不令人担忧