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.
Guangxi Nanning Waterworks CoCompany forecasts 71-108% net profit growth driven by FX gains, lower interest expenses, and government grants.