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Chengdu Xingrong Environment (000598.SZ): Currently, over 20 direct drinking water projects have been deployed in some residential communities in Chengdu.
On May 12, Gelonghui reported that Chengdu Xingrong Environment (000598.SZ) stated on the investor interaction platform that the company has already deployed over 20 direct drinking water projects in some residential communities, office buildings, and schools in Chengdu. In the future, the company will continue to strengthen its Business expansion, strive for more market opportunities, further expand the coverage and user base of direct drinking water, and promote the construction of high-quality urban water supply.
CITIC SEC: The price reform of water rates in Guangzhou has been implemented, and the adjustment of the pricing mechanism is expected to accelerate. It is recommended to invest in CHINA WATER and others.
CITIC SEC released a research report stating that the water price reform plan in Guangzhou will take effect on June 1. The current water price in Guangzhou has been in effect for many years, and the rising cost pressures have caused representative water supply companies in the region to suffer continuous losses. It is expected that after the price reform is implemented, there will be significant alleviation of cost pressures. Historical experience shows that price adjustments in core cities act as a catalyst for water price reform, and optimizing the water supply pricing mechanism in various cities is expected to accelerate. According to Statistics, multiple cities have recently introduced price adjustment plans, and improving the pricing mechanism will help address the long-standing issue of low returns in the domestic water supply Industry. Recommended CHINA WATER (00855) and others. CITIC SEC
Xingrong Environmental: Report for the first quarter of 2025
Express News | Chengdu Xingrong Environment: In the first quarter of 2025, the net income was 0.508 billion yuan, a year-on-year increase of 11.19%.
Chengdu Xingrong Environment (000598): Both volume and price increases drive performance growth.
Chengdu Xingrong Environment released its annual report, achieving revenue of 9.049 billion yuan in 2024 (year-on-year +11.90%), with a net profit attributable to shareholders of 1.996 billion yuan (year-on-year +8.28%), consistent with the performance forecast. In Q4, revenue reached 2.
Chengdu Xingrong Environment (000598): The operation of high-quality Water Affairs assets in Chengdu is stable, looking forward to an increase in dividends.
Event: In 2024, the company's total operating revenue is 9.049 billion yuan, +11.9% year-on-year, with a net income of 1.996 billion yuan, +8.28% year-on-year, and the performance meets expectations. The adjustment of sewage prices in Chengdu drives the sewage.