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Major Chinese water and wastewater treatment operator, part of the Beijing Capital Group.
Major Chinese water and wastewater treatment operator, part of the Beijing Capital Group.
Runs plants under long concessions in which local governments pay a fee per tonne treated, often with minimum volumes and periodic tariff reviews, so income is contracted rather than market-priced. Construction and upgrade work adds revenue while plants are being built.
Moat: narrow (regulatory licence, scale, installed base). Long-term municipal concession contracts and a large installed treatment-capacity base.
Headquarters: Beijing, China · Employees: 16,082
Size Beijing Capital Eco-Environment Protection (600008.SS) is a China Utilities company (Water Utilities) with a market value of $3.09B, the 837th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥2.81 on 6 Nov 2026.
Performance Over six months the shares fell 8.2%, against -5.6% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 14 in its peer set.
Growth Revenue fell 7.5% over the last twelve months (peer median +6.5%); the operating margin is 21.1% (peer median 24.8%).
Valuation It trades at 10.8× forward earnings against a peer median of 13.3× (6th cheapest of 12).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is +1 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 0.1 points below its cost of capital (5.0% WACC).
Next results Next results expected around 12 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥18.0B | CN¥18.8B | CN¥19.8B | CN¥21.1B | CN¥22.1B |
| Revenue growth | — | -5% | -6% | -5% | — |
| Gross profit | CN¥8.80B | CN¥6.77B | CN¥6.61B | CN¥6.52B | CN¥7.08B |
| EBITDA | n/a | CN¥6.91B | CN¥7.84B | CN¥7.61B | CN¥7.17B |
| Net income | CN¥1.56B | CN¥1.77B | CN¥3.53B | CN¥1.61B | CN¥3.16B |
| Free cash flow | CN¥1.29B | CN¥1.03B | -CN¥36.7M | -CN¥984M | -CN¥2.76B |
| Capital expenditure | CN¥2.56B | CN¥2.76B | CN¥4.17B | CN¥4.47B | CN¥5.88B |
| Total debt | CN¥59.6B | CN¥62.1B | CN¥61.9B | CN¥61.4B | CN¥55.1B |
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 Capital Eco-Environment Protection 600008.SS | $3.09B | -8% | -8% | 21% | 10.8× | 0.3% |
| Beijing Enterprises Water 0371.HK | $1.86B | -48% | -5% | 24% | 9.5× | 4.2% |
| China Everbright Environment 0257.HK | $3.91B | -11% | -5% | 29% | 7.0× | -0.1% |
| Chongqing Water 601158.SS | $3.01B | -6% | +1% | 14% | 22.6× | -5.0% |
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 | 600008.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.8% | +1.1% | 7th highest of 14 |
| 6-month return | -8.2% | -5.6% | 7th lowest of 14 |
| Distance from 52-week high | -17.4% | -14.9% | 7th lowest of 14 |
| Revenue growth (TTM) | -7.5% | +6.5% | 4th lowest of 14 |
| Operating margin | 21.1% | 24.8% | 6th lowest of 14 |
| Forward P/E | 10.8× | 13.3× | 6th cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | 0.3% | -1.2% | 4th most demanding of 9 |
| Growth delivered (Del g) | -0.4% | +4.8% | 2nd lowest of 9 |
| Hurdle (Req g minus delivered) | +0.6 pp | -7.3 pp | 3rd most demanding of 9 |
| ROIC minus cost of capital | -0.1 pp | -1.1 pp | 6th highest of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Beijing Capital Eco-Environment Protection 600008.SS | China | $3.09B | -8% | -8% | 21% | 10.8× | 0.3% | -0.4% |
| H2O America HTO | United States | $3.04B | +9% | +4% | 21% | 22.5× | n/a | n/a |
| Chongqing Water 601158.SS | China | $3.01B | -6% | +1% | 14% | 22.6× | -5.0% | +3.5% |
| Pennon PNN.L | United Kingdom | $3.18B | -35% | +23% | 25% | 13.3× | n/a | n/a |
| California Water Service CWT | United States | $3.21B | +17% | +7% | 21% | 19.0× | n/a | n/a |
| Chengdu Xingrong Environment 000598.SZ | China | $3.27B | +7% | +1% | 29% | 10.3× | -8.2% | +10.8% |
| American States Water AWR | United States | $3.57B | +17% | +13% | 32% | 23.9× | 9.3% | +6.2% |
| Zhongshan Public Utilities 000685.SZ | China | $2.36B | -8% | -11% | 11% | 6.2× | 9.9% | +16.2% |
| Jiangxi Hongcheng Environment 600461.SS | China | $1.69B | -17% | -11% | 24% | 9.1× | -10.2% | +2.6% |
| Indium Target Advanced Materials (Harbin) 000711.SZ | China | $1.54B | -27% | +46% | -4% | n/a | n/a | n/a |
| Guangdong Investment 0270.HK | Hong Kong | $6.81B | 0% | +25% | 38% | 10.8× | -1.8% | -4.1% |
| Middlesex Water MSEX | United States | $1.15B | +16% | +9% | 31% | 21.7× | n/a | n/a |
| Guangdong Shunkong Development 003039.SZ | China | $1.12B | -16% | +6% | 25% | n/a | 4.3% | +12.5% |
| China Water Affairs 0855.HK | Hong Kong | $823M | -22% | -11% | 25% | 5.8× | -0.6% | 0.0% |