China Water Group(Stock Code 0855.HK) 2017-2018 financial year performance conference was held in Shenzhen on June 29th. More than 70 analysts and investors from well-known securities companies and banks participated in the meeting and on-site investigations.
China Water Group has released its full-year results, and the Group achieved a total revenue of approximately HK$7.58 billion, increased 32.8%. The management of the company expressed sincere gratitude to investors and analysts for their concern, understanding and support to China Water Group, and detailedly answered to questions about the company's financial performance, business operations, company deployment strategy and so on.
China Water Group will pay close attention to the direction of industrial development and market opportunities. With its management experience in the water accumulated over several years and the trust of the government and users, the group will make full use of its competitive advantages and existing urban business, focus on urban and rural integration and water supply and drainage integration, expand its business in the service area, accelerate the development and mergers in the water market and steadily carry out urban environmental service businesses such as water environment management, sanitation and cleaning, solid waste and hazardous waste management.
In the afternoon, the participants went to Shenzhen Great Industrial Area Water Co., Ltd., Huizhou Zhongshui Fengtian Reservoir, Huizhou Dayawan Yiyuan Water Purification Co., Ltd., Huizhou Dayawan Qingyuan Environmental Protection Co., Ltd., and Dayawan West District Sewage Plant for on-site investigations.
At present, China Water Group operates urban water supply, sewage treatment and drainage and related value-added services in Mainland China. Its business covers three municipalities including Beijing, Tianjin and Chongqing, as well as about 60 cities in 13 provinces including Guangdong, Jiangxi, Henan, Jiangsu and Hubei. The Group has established long-term cooperative relationships with local governments and laid the position of the leader of the full-service operation mode in the Chinese water market.
