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Chinese environmental-services company handling solid-waste treatment, water treatment and sanitation, plus a legacy expressway business.
Chinese environmental-services company handling solid-waste treatment, water treatment and sanitation, plus a legacy expressway business.
Waste treatment is paid per tonne by city governments under long concessions, plus power sold from incineration to the grid; the toll roads are a legacy business earning from vehicle tolls. Controlled by a Henan state-owned investor, which gives it access to municipal contracts.
In one line: A diversified Chinese environmental-services and toll-road operator.
Moat: narrow (regulatory licence). Municipal waste-treatment and toll-road concessions provide stable, licensed revenue streams.
Headquarters: Zhengzhou, China · Employees: 4,633
Size CEVIA Enviro (000885.SZ) is a China Consumer Discretionary company (Homebuilding) with a market value of $1.16B, the 2028th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥12.09 on 6 Nov 2026.
Performance Over six months the shares fell 14.3%, against -11.2% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue fell 2.1% over the last twelve months (peer median +7.3%); the operating margin is 27.3% (peer median 4.8%).
Valuation It trades at 6.0× forward earnings against a peer median of 16.9× (cheapest of 15).
Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -22 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.5 points above its cost of capital (5.0% WACC).
Next results Next results expected around 21 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥6.64B | CN¥6.54B | CN¥6.60B | CN¥6.50B | CN¥6.34B |
| Revenue growth | — | -1% | +1% | +3% | — |
| Gross profit | CN¥3.57B | CN¥2.54B | CN¥2.66B | CN¥2.57B | CN¥2.46B |
| EBITDA | n/a | CN¥3.07B | CN¥3.09B | CN¥3.00B | CN¥2.85B |
| Net income | CN¥1.16B | CN¥1.24B | CN¥1.14B | CN¥1.08B | CN¥1.06B |
| Free cash flow | CN¥1.44B | CN¥947M | -CN¥52.4M | -CN¥1.20B | -CN¥901M |
| Capital expenditure | CN¥663M | CN¥1.14B | CN¥1.14B | CN¥2.72B | CN¥2.59B |
| Total debt | CN¥16.4B | CN¥16.7B | CN¥16.8B | CN¥16.2B | CN¥14.3B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| CEVIA Enviro 000885.SZ | $1.16B | -14% | -2% | 27% | 6.0× | -8.3% |
| Grandblue Environment 600323.SS | $3.78B | -3% | +24% | 24% | 11.0× | -4.7% |
| Shanghai Environment 601200.SS | $1.40B | -16% | -10% | 18% | 14.7× | -2.6% |
| Beijing Enterprises Water 0371.HK | $1.86B | -48% | -5% | 24% | 9.5× | 4.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 000885.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.0% | 0.0% | 6th highest of 21 |
| 6-month return | -14.3% | -11.2% | 8th lowest of 21 |
| Distance from 52-week high | -23.2% | -29.6% | 6th highest of 21 |
| Revenue growth (TTM) | -2.1% | +7.3% | 8th lowest of 21 |
| Operating margin | 27.3% | 4.8% | highest of 21 |
| Forward P/E | 6.0× | 16.9× | cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | -8.3% | -7.9% | 6th least demanding of 12 |
| Growth delivered (Del g) | +14.0% | +4.2% | 3rd highest of 12 |
| Hurdle (Req g minus delivered) | -22.3 pp | -12.1 pp | 4th least demanding of 12 |
| ROIC minus cost of capital | +2.5 pp | -0.7 pp | 9th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| CEVIA Enviro 000885.SZ | China | $1.16B | -14% | -2% | 27% | 6.0× | -8.3% | +14.0% |
| Okumura 1833.T | Japan | $1.19B | -17% | 0% | 5% | n/a | n/a | n/a |
| Vistry VTY.L | United Kingdom | $1.12B | -19% | -8% | -9% | 9.5× | n/a | n/a |
| Dream Finders Homes DFH | United States | $1.12B | -13% | -11% | 3% | 441.3× | n/a | n/a |
| JSL Construction & Development 2540.TW | Taiwan | $1.25B | -14% | -35% | 3% | n/a | n/a | n/a |
| LGI Homes LGIH | United States | $1.06B | -2% | -2% | 4% | 17.1× | 18.3% | -6.4% |
| Nishimatsu Construction 1820.T | Japan | $1.28B | -11% | +14% | 8% | 9.6× | n/a | n/a |
| Black Diamond BDI.TO | Canada | $1.02B | +25% | +26% | 12% | 32.7× | n/a | n/a |
| Gemdale 600383.SS | China | $1.45B | -26% | -47% | -24% | n/a | 10.8% | -15.6% |
| Huaku Development 2548.TW | Taiwan | $928M | -21% | +331% | 22% | 19.9× | -18.6% | +10.0% |
| Dexterra DXT.TO | Canada | $876M | +59% | +9% | 6% | 24.0× | 5.1% | +17.2% |
| Shanghai Tongji Science & Technology Industrial 600846.SS | China | $870M | -27% | +51% | 3% | n/a | 7.8% | -6.8% |
| Century Communities CCS | United States | $1.56B | 0% | -7% | 2% | 29.2× | n/a | n/a |
| Run Long Construction 1808.TW | Taiwan | $844M | +10% | +741% | 25% | n/a | -12.0% | -3.2% |
| Katitas 8919.T | Japan | $1.69B | +11% | +20% | 12% | 18.6× | n/a | n/a |
| Tokyu Construction 1720.T | Japan | $774M | -21% | +11% | 5% | 9.3× | -13.6% | +8.1% |
| Chongqing Construction Engineering 600939.SS | China | $773M | -11% | -28% | -4% | n/a | -7.9% | -16.8% |
| Takamatsu Construction 1762.T | Japan | $769M | +16% | +6% | 6% | 9.5× | n/a | n/a |
| GS Engineering & Construction 006360.KS | South Korea | $1.86B | -22% | -15% | 3% | 16.8× | -9.8% | +4.2% |
| Cathay Real Estate Development 2501.TW | Taiwan | $719M | -9% | +14% | 19% | 6.8× | -20.7% | +11.7% |
| Cairn Homes CRN.L | United Kingdom | $1.92B | +18% | +44% | 18% | 11.9× | -0.7% | +28.6% |