(16 January 2017-Hong Kong) China Water Affairs Group Limited (”LChina Water Affairs”² or ”Lthe Group”², stock code: 0855.HK), a leading integrated water services operator in China, won the Best Investment Value Award of the ”L2016 China Financial Market Awards for Listed Companies”².
The ”L2016 China Financial Market awards for Listed Companies”² is set up by the established financial magazine China Financial Market, and co-organized by Wonderful Sky Financial Group Limited and supported by The Listed Companies Council of the Hong Kong Chinese Enterprises Association (”LLCC”²), Media Connect and Capital Connect. The awards aim to select outstanding enterprises among listed companies in Hong Kong and honor their excellent performances in the industry for the past year. Among those awards, the Best Investment Value Award emphasizes the winners' outstanding achievements in both business development and social reputation.
As a unique Hong Kong-listed company that focuses on city water supply business and one of the largest water operators in mainland China, the Group plays an important role in China£¾s raw water, city water supply and sewage treatment industries with business scope covering 50 cities and daily capability over 6.4 million tons.
The interim report of the FY2016/2017 saw the Group achieve a healthy growth in overall results, as its total revenue increased by about 59% YOY to HK$3.02 billion. With its gross profit increased by 45% YOY to HK$1.246 billion, profit from operation up by 67% YOY to HK$1.183 billion, and net profit by 36% YOY to HK$672 million, the Group reassured shareholders of its strong profitability in core business, adding profit attributable to shareholders by 49% YOY to HK$429 million.
(The Company£¾s representative (the fourth from right) accept the award on stage)
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About China Water Affairs Group Limited
China Water Affairs Group Limited is principally engaged in waterworks investment and operations as well as other related businesses in the PRC. The Group£¾s businesses include urban water supply, water supply systems management, meter installation and related value-added businesses. Currently, the Group£¾s businesses cover 50 cities in the municipalities of Beijing, Tianjin and Chongqing and various provinces including Guangdong, Jiangxi, Henan, Jiangsu, Hubei, etc. With a well-established cooperative relationship with various local government authorities, the Group has positioned itself in a leading position in China£¾s water industry.
This press release is distributed by Wonderful Sky Financial Group Company Limited for China Water Affairs Group Limited.
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