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China's Tianjin Capital Environmental nine-month revenue flat, profit up 2.3%

By Reuters News


Overview

  • China environmental services firm's nine-month revenue was flat year-over-year

  • Net profit attributable to shareholders rose 2.3% for the nine-month period

  • Net cash flows from operations jumped due to receipt of historical arrears


Outlook

  • Company did not provide specific guidance or outlook commentary for future periods in its press release


Result Drivers

  • HISTORICAL ARREARS RECEIPT - Net cash flows from operations surged due to receipt of historical arrears from Tianjin Water Affairs Bureau


Company press release: Full Story


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

9M Revenue

RMB 3.45 bln

9M Net Income Attributable

RMB 718.30 mln


Analyst Coverage

  • The one available analyst rating on the shares is "strong buy"

  • The average consensus recommendation for the water & related utilities peer group is "buy."

  • Wall Street's median 12-month price target for Tianjin Capital Environmental Protection Group Co Ltd is HK$4.82, about 37.7% above its October 23 closing price of HK$3.50


Reuters Recommended Reads

  • Oct 20 - Medical products distributor Sinopharm Group's prelim 9-month revenue slips

  • Oct 20 - China Mobile's nine-month profit falls 7.9% on higher costs

  • Oct 22 - China Telecom's nine-month revenue falls 3.7%, profit down 14.8%


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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