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XREC
000598.SZ
Chengdu Xingrong Environment Co., Ltd. primarily engages in the tap water business in China. The company operates through six segments: Sewage Processing; Tap Water Production and Sales; Sewage Pipe Network Project; Garbage Leachate Treatment; Sludge Treatment; and Waste Incineration Power Generation. It is involved in the water extraction from water sources, tap water purification, water pipe transportation, and tap water sales and after-sales services.
225.48 B
000598.SZMarket value -Rank by Market Cap -/-

Financial Score

05/12/2025 Update
C
Water UtilitiesIndustry
Industry Ranking4/23
Industry medianC
Industry averageC
Score Analysis
Peer Comparison
  • Criteria
    Rating
  • Profit ScoreB
    • ROE11.45%B
    • Profit Margin22.74%A
    • Gross Margin52.45%B
  • Growth ScoreB
    • Revenue YoY9.01%B
    • Net Profit YoY7.81%C
    • Total Assets YoY4.76%C
    • Net Assets YoY9.11%B
  • Cash ScoreC
    • Cash Flow Margin439.69%C
    • OCF YoY9.01%B
  • Operating ScoreD
    • Turnover0.19D
  • Debt ScoreD
    • Gearing Ratio57.66%D

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Institutional View & Shareholder

Analyst Ratings

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    News
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    XREC: The holding subsidiary has won a bid for an additional related transaction of 27.1249 million yuan

    XREC announced that its holding subsidiary won the bid for the Wuhou service network project, with a contract amount of 27.1249 million yuan. Since the winning bidder is an affiliated company, it constitutes a related party transaction. This transaction has been approved by the board of directors and does not require approval from the shareholders' meeting. The environmental construction company is expected to generate revenue of 2.505 billion yuan and a net profit of 24.6761 million yuan in 2024, with revenue of 1.691 billion yuan and a net profit of 19.0660 million yuan from January to September 2025. From 2025 to date, the cumulative related party transactions amount to approximately 810 million yuan

    Zhitong·
    SZ
    000598
    +0.56%
    Zhitong·
    SZ
    000598
    +0.56%

    XREC: Net profit in the third quarter was 789 million yuan, a year-on-year increase of 13.09%

    XREC announced that its revenue for the third quarter was 2.356 billion yuan, a year-on-year increase of 6.85%; net profit was 789 million yuan, a year-on-year increase of 13.09%. Revenue for the first three quarters was 6.548 billion yuan, a year-on-year increase of 5.39%; net profit was 1.764 billion yuan, a year-on-year increase of 8.49%

    Zhitong·
    SZ
    000598
    +0.56%
    Zhitong·
    SZ
    000598
    +0.56%

    XREC's subsidiary bidding, 663 million related party transactions approved

    XREC's wholly-owned subsidiary, the drainage company, has won the bid for the High-tech West District Water Purification Center project, with a contract amount of 663 million yuan. This transaction is a related party transaction, which has been exempted from the shareholders' meeting review by the Shenzhen Stock Exchange and does not constitute a major asset reorganization. The contract duration is 600 days, and the transaction price is in line with market levels, having no adverse impact on the company's finances and operations. From January 1, 2025, to the present, the cumulative related party transactions between the company and related parties amount to approximately 571 million yuan

    Zhitong·
    SZ
    000598
    +0.56%
    Zhitong·
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    000598
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    XREC has established a new water service company with a registered capital of 120 million yuan

    According to the Qichacha APP, recently, Chengdu XREC Water Co., Ltd. was established with a registered capital of 120 million yuan. Its business scope includes: research and development of resource recycling technology; sewage treatment and its recycling; research and development of unconventional water source utilization technology, etc. Qichacha's equity penetration shows that the company is wholly owned by XREC

    Zhitong·
    SZ
    000598
    +0.56%
    Zhitong·
    SZ
    000598
    +0.56%

    Zhitong A-share lock-up release overview | June 30

    On June 30th, 31 listed companies had their restricted shares unlocked, with a total market value of approximately 31.502 billion yuan. The unlocking situation includes several companies such as ECOBEAUTY, XREC, and YUEYANG XINGCHANG, involving types of restricted shares such as additional issuance of A-shares and equity incentives. The specific number of unlocked shares ranges from tens of thousands to hundreds of millions, covering multiple industries

    Zhitong·
    SZ
    000598
    +0.56%
    SZ
    000819
    +1.32%
    SZ
    000010
    -0.27%
    Zhitong·
    SZ
    000598
    +0.56%
    SZ
    000819
    +1.32%
    SZ
    000010
    -0.27%
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