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One of China's largest water-treatment technology and engineering companies, building and operating municipal and industrial water plants.
One of China's largest water-treatment technology and engineering companies, building and operating municipal and industrial water plants.
Mostly paid on construction contracts for water and wastewater plants, with revenue booked as building progresses, and then on fees for running plants it has built under long concessions. Local-government finances influence how quickly it is paid.
Moat: narrow (regulatory licence, installed base). Long-term municipal water-treatment concessions and engineering track record.
Headquarters: Beijing, China · Founded: 2001 · Employees: 3,536
Size Beijing OriginWater Technology (300070.SZ) is a China Industrials company (Industrial Machinery) with a market value of $1.78B, the 1400th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.30 on 6 Nov 2026.
Performance Over six months the shares fell 15.8%, against -10.7% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue fell 10.0% over the last twelve months (peer median +12.4%); the operating margin is 4.7% (peer median 10.7%).
Valuation It trades at 54.1× forward earnings against a peer median of 19.1× (3rd most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 17% a year for seven years (Req g). Recent delivered growth is -4%, so the hurdle is +21 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.7 points below its cost of capital (5.0% WACC).
Next results Next results expected around 2 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥7.36B | CN¥7.77B | CN¥8.53B | CN¥8.92B | CN¥8.66B |
| Revenue growth | — | -9% | -4% | +3% | — |
| Gross profit | CN¥2.41B | CN¥1.83B | CN¥2.39B | CN¥2.47B | CN¥2.48B |
| EBITDA | n/a | CN¥1.40B | CN¥1.56B | CN¥1.70B | CN¥1.80B |
| Net income | CN¥138M | CN¥61.0M | CN¥58.6M | CN¥765M | CN¥710M |
| Free cash flow | CN¥205M | -CN¥904M | -CN¥2.11B | -CN¥911M | -CN¥339M |
| Capital expenditure | CN¥1.69B | CN¥2.17B | CN¥1.90B | CN¥1.26B | CN¥814M |
| Total debt | CN¥29.7B | CN¥31.8B | CN¥31.3B | CN¥29.0B | CN¥27.5B |
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 |
|---|---|---|---|---|---|---|
| Beijing OriginWater Technology 300070.SZ | $1.78B | -16% | -10% | 5% | 54.1× | 17.0% |
| China Everbright Environment 0257.HK | $3.91B | -11% | -5% | 29% | 7.0× | -0.1% |
| Veolia Environnement VIE.PA | $27.7B | -3% | 0% | 8% | 14.1× | 8.3% |
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 | 300070.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.2% | -7.9% | 7th highest of 21 |
| 6-month return | -15.8% | -10.7% | 10th lowest of 21 |
| Distance from 52-week high | -27.6% | -34.1% | 10th highest of 21 |
| Revenue growth (TTM) | -10.0% | +12.4% | lowest of 21 |
| Operating margin | 4.7% | 10.7% | 5th lowest of 21 |
| Forward P/E | 54.1× | 19.1× | 3rd most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 17.0% | 13.7% | 8th most demanding of 16 |
| Growth delivered (Del g) | -4.1% | +12.2% | lowest of 16 |
| Hurdle (Req g minus delivered) | +21.1 pp | +1.5 pp | 4th most demanding of 16 |
| ROIC minus cost of capital | -3.7 pp | +1.9 pp | 4th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Beijing OriginWater Technology 300070.SZ | China | $1.78B | -16% | -10% | 5% | 54.1× | 17.0% | -4.1% |
| Shareate Tools 688257.SS | China | $1.78B | -42% | +69% | 25% | 11.4× | n/a | n/a |
| Gorman-Rupp GRC | United States | $1.79B | -12% | +6% | 16% | 21.5× | 11.8% | +14.4% |
| INOX India INOXINDIA.NS | India | $1.79B | +20% | +23% | 18% | 47.3× | 37.9% | +21.8% |
| Kennametal KMT | United States | $1.76B | -36% | +32% | 31% | 8.9× | n/a | n/a |
| Zhejiang Dun'an Artificial Environment 002011.SZ | China | $1.81B | -4% | +8% | 8% | 11.4× | -0.4% | +12.2% |
| Jiangxi Guoke Defence 688543.SS | China | $1.83B | -7% | +2% | 16% | 42.7× | n/a | n/a |
| Systemair SYSR.ST | Sweden | $1.83B | +16% | +3% | 9% | 18.6× | 13.4% | +8.0% |
| Xiangtan Electric Manufacturing 600416.SS | China | $1.83B | -33% | -3% | -2% | 414.0× | n/a | n/a |
| Xizi Clean Energy Equipment Manufacturing 002534.SZ | China | $1.74B | -19% | -2% | 3% | 44.5× | 25.7% | +3.1% |
| Ningbo PIA Automation 688306.SS | China | $1.74B | +3% | +7% | 4% | 190.6× | 35.2% | +8.7% |
| Shenzhen Yinghe Technology 300457.SZ | China | $1.84B | -34% | +27% | 6% | 18.6× | 11.4% | +31.7% |
| Wuxi Rich Intelligent Equipment 301599.SZ | China | $1.87B | -54% | +9% | 13% | n/a | 31.2% | +9.2% |
| ELGI Equipments ELGIEQUIP.NS | India | $1.87B | -1% | +16% | 13% | 35.0× | 30.6% | +15.5% |
| Fujian Snowman 002639.SZ | China | $1.70B | -18% | +9% | 1% | n/a | n/a | n/a |
| OSG 6136.T | Japan | $1.88B | -2% | +20% | 18% | 11.4× | 1.7% | +9.0% |
| Sanhe Tongfei Refrigeration 300990.SZ | China | $1.69B | -18% | +23% | 8% | 29.9× | 31.4% | +36.2% |
| Volution FAN.L | United Kingdom | $1.68B | +7% | +16% | 20% | 15.7× | 13.7% | +12.2% |
| ATS ATS.TO | Canada | $1.68B | -49% | +7% | 6% | 15.9× | 8.7% | +15.8% |
| Ta Liang Technology 3167.TW | Taiwan | $1.89B | -9% | +103% | 23% | 19.6× | 31.8% | +15.9% |
| Tsubakimoto Chain 6371.T | Japan | $1.68B | +7% | +20% | 8% | 10.3× | 2.0% | +8.9% |