Guangxi Nanning Waterworks Co

Greentown Water released its 2026 interim report, with total operating revenue of 1.198 billion yuan, up 0.70% year on year. Net profit attributable to the parent company was 54.36 million yuan, up 102.14% year on year. Net cash inflow from operating activities was 171 million yuan, up 2.61% year on year. The company's asset-liability ratio was 81.09%, gross margin was 37.29%, and return on equity was 1.12%. Diluted earnings per share were 0.06 yuan, up 101.97% year on year. Inventory turnover was 31.69 times, achieving five consecutive years of growth.

Greentown Water disclosed a performance forecast, expecting to achieve net profit attributable to the parent of 46 million yuan to 56 million yuan in the first half of 2026, representing a year-on-year increase of 71.06% to 108.24%. Over the same period, net profit after deducting non-recurring items is expected to be 34 million yuan to 40 million yuan, up 96.09% to 130.69% year-on-year. The company stated that the sharp rise in earnings was mainly driven by three factors: a year-on-year increase in net foreign exchange gains on foreign currency borrowings due to exchange rate fluctuations, a reduction in interest expenses as a result of strengthened fund management and lower LPR interest rates, and a year-on-year increase in government grants such as ultra-long-term special government bonds recognized in current profit or loss. Greentown Water is principally engaged in the production and supply of tap water and the treatment of domestic sewage, and is responsible for the investment, construction, operation and maintenance of water supply and sewage treatment facilities within its franchise areas in Nanning and several subordinate districts and counties.

Green City Water has issued a first-half performance forecast, expecting net profit of 46 million yuan to 56 million yuan, a year-on-year increase of 71.06% to 108.24%. The announcement shows the stock closed today at 4.31 yuan, up 1.89%, with a daily turnover rate of 0.86% and trading volume of 32.33 million yuan. It has fallen 5.27% over the past five days. In terms of capital flows, main funds saw a net inflow of 671,800 yuan today, while net outflows over the past five days totaled 3.54 million yuan.