格隆汇2月27日丨中国光大水务(01857.HK)公布年度业绩，截至2025年12月31日止年度，收入为53.55亿 港元，较去年同期减少22%；除利息、税项、折旧及摊销前盈利为19.35亿港元，较去年同期减少12%； 公司权益持有人应占盈利为8.42亿港元，较去年同期减少17%，每股基本盈利29.45港仙，末期股息为每 股普通股4.22港仙(等值0.69新分)。 截至2025年12月31日，集团投资并持有172个环保项目，涉及总投资约318.5亿元人民币，另承接委托运 营、工程总包("EPC")、EPCO(设计-采购-施工-运营)、设备供货、技术服务等各类轻资产项目及服务。 业务足迹遍及中国国内13个省、自治区、直辖市的60多个区县市，海外业务布局毛里求斯等国家。 截至2025年12月31日，旗下已有12个项目的光伏发电设施投入运营，总装机容量约20兆瓦，年均提供电 力约2,000万千瓦时。2025财政年度，集团新获各类资金补贴合共逾4,200万元人民币；累计处理污水约 18.11亿立方米、供应原水约1.03亿立方米、供应中水逾4,000万立方米。 回顾年度内，集团共有4个项目新开工建设，设计日水处理及供应 ...

Core Viewpoint - China Everbright Water (01857.HK) reported a slight decline in revenue and profit for the first half of the fiscal year ending June 30, 2025, while maintaining a healthy financial status and improving gross margin [1] Financial Performance - The company recorded revenue of HKD 3.28 billion, a decrease of 2% from HKD 3.35 billion in the same period last year [1] - EBITDA was HKD 1.194 billion, remaining stable compared to HKD 1.196 billion in the previous year [1] - Profit attributable to equity holders was HKD 564 million, down 3% from HKD 581 million year-on-year [1] - Basic earnings per share were HKD 0.1971, a decrease of 3% or HKD 0.006 from HKD 0.2031 in the same period last year [1] - Overall gross margin improved to 42%, up 4 percentage points from 38% year-on-year [1] - The interim dividend per ordinary share was HKD 0.0609 (equivalent to 0.99 Singapore cents) [1] Market Expansion - The company optimized its business layout amid a complex market environment, balancing traditional and emerging business developments [2] - The light asset business expanded across various regions, including Hubei, Jiangsu, Zhejiang, and Thailand, focusing on industrial wastewater treatment and equipment supply [2] - The company secured contracts totaling approximately RMB 60 million for light asset projects, adding a design capacity of 10,000 cubic meters per day for industrial wastewater treatment [2] - As of June 30, 2025, the company invested in 170 environmental projects with a total investment of approximately RMB 31.63 billion, with operations extending to over 60 districts in 13 provinces and municipalities in China, as well as international markets like Mauritius [2] Operational Management - The company enhanced operational efficiency through technological innovation and refined management practices [3] - Cost reduction initiatives included optimizing chemical types, precise dosing, and energy management for equipment, leading to lower operational costs for existing projects [3] - The company established a digital supply chain system to improve efficiency [3] - Revenue generation efforts included expanding industrial wastewater and reclaimed water treatment projects, with over ten contracts signed for existing projects [3] - As of June 30, 2025, 12 solar power facilities were operational, with a total installed capacity of approximately 20 megawatts, expected to generate around 20 million kilowatt-hours annually [3] - The company processed approximately 835 million cubic meters of wastewater and supplied about 20 million cubic meters of reclaimed water during the reporting period [3]