Breaking Down Heilongjiang Interchina Water Treatment Co.,Ltd. Financial Health: Key Insights for Investors

Founded in 1998 and headquartered in Shanghai, Heilongjiang Interchina Water Treatment Co., Ltd. blends a clear mission to improve water quality and conserve resources with a forward-looking vision to expand integrated water treatment and IoT-enabled management, while grounding operations in core values of integrity, innovation, environmental responsibility, customer focus and collaboration; today the company-whose stock traded at CNY 2.430 with an approximate market capitalization of CNY 3.92 billion as of December 12, 2025-illustrates this strategy through initiatives such as IoT-based monitoring, alignment with China's "dual carbon" goals, and a dynamic investment posture (including the cancellation of a planned acquisition of an additional 14.51% stake in Zhuji Wenshenghui), even as it navigates recent financial shifts from revenue of CNY 179.16 million in 2024 (a decline of 20.73% from CNY 226.02 million in 2023) against earlier growth milestones like 2022 revenues of ¥1.5 billion and net profit of about ¥200 million, sustained R&D emphasis (approximately 8% of revenue), and a workforce of roughly 314 employees driving on-the-ground environmental projects.

Heilongjiang Interchina Water Treatment Co.,Ltd. (600187.SS) - Intro

• Founded: 1998; Headquarters: Shanghai
• Primary businesses: municipal and industrial water treatment, environmental protection engineering, energy-saving & clean energy transformation
• Employees: ~314
• Recent strategic action: cancellation of acquisition of an additional 14.51% stake in Zhuji Wenshenghui Self-Owned Fund Investment Co., Ltd.

• Deliver reliable, cost-effective water and environmental treatment solutions that protect public health and ecosystems.
• Accelerate adoption of energy-efficient and clean-energy technologies within the environmental engineering sector.
• Create stable employment and technical-training opportunities across served regions.

• Be a leading regional integrator of water treatment and green-energy transformation projects, recognized for sustainable lifecycle solutions.
• Achieve progressive revenue and margin recovery through higher-value service contracts, recurring maintenance, and clean-energy project pipelines.
• Foster investor confidence via disciplined capital allocation and transparent governance while pursuing selective strategic investments.

• Environmental stewardship: prioritize solutions that reduce pollution and conserve water resources.
• Technical excellence: invest in R&D and skilled personnel to maintain competitive engineering capabilities.
• Operational discipline: manage projects to time, budget, and quality targets to protect margins and cash flows.
• Customer focus: design customized, value-driven systems for municipal and industrial clients.
• Prudent investment: pursue acquisitions and equity stakes selectively, as evidenced by recent cancellation of the 14.51% Zhuji Wenshenghui stake acquisition.

• Revenue contraction in 2024 (CNY 179.16M) versus 2023 (CNY 226.02M) highlights near-term demand or contract timing pressures; management emphasis is on margin stabilization and new green-energy contracts.
• Market capitalization (~CNY 3.92B) and share price (CNY 2.430 on 2025-12-12) reflect investor valuation incorporating both core water-treatment backlog and prospective clean-energy transition opportunities.
• Employee base (~314) supports regional project execution and signals a mid-sized operational footprint capable of handling multiple concurrent engineering projects.

Heilongjiang Interchina Water Treatment Co.,Ltd. (600187.SS) - Overview

Heilongjiang Interchina Water Treatment Co.,Ltd. (600187.SS) positions itself as a leading integrated water-treatment solutions provider focused on improving water quality, reducing pollution, and promoting resource conservation through technological innovation and robust management. The company's strategic direction aligns with national environmental policies and global sustainability targets while pursuing growth and operational efficiency.

• Mission: Improve water quality, reduce pollution, and promote resource conservation through innovative technologies and effective management practices.
• Strategic aim: Meet growing clean-water demand and enhance quality of life via environmental stewardship and integrated water resource management.
• Policy alignment: Support national environmental objectives and international sustainability goals (e.g., pollution reduction, circular water use).

Key recent financial and investment highlights underline the company's capacity to scale while investing in innovation and efficiency.

• Vision: Be a national benchmark and internationally respected provider of sustainable water-treatment systems that secure long-term water safety and ecological balance.
• Innovation priority: Allocate R&D (~8% of revenue) toward advanced membrane technologies, biological treatment systems, digital monitoring, and wastewater reuse.
• Market orientation: Balance municipal, industrial, and environmental remediation projects to diversify revenue and social impact.

• Core values:
  • Environmental stewardship - prioritize pollution reduction and resource conservation.
  • Integrity - transparent governance and compliance with regulatory frameworks.
  • Innovation - continuous R&D investment to improve efficacy and reduce lifecycle costs.
  • Customer focus - deliver reliable, cost-effective integrated water solutions.
  • Collaboration - partner with government, industry, and research institutions.

Operational and financial metrics supporting the mission and vision:

• 2022 revenue: ¥1.5 billion (YoY +12%).
• 2022 net profit: ~¥200 million (net margin ≈13.33%).
• 2022 R&D investment: ≈¥120 million (≈8% of revenue), directed at treatment technologies and digital monitoring.

For detailed financial analysis and investor insights, see: Breaking Down Heilongjiang Interchina Water Treatment Co.,Ltd. Financial Health: Key Insights for Investors

Heilongjiang Interchina Water Treatment Co.,Ltd. (600187.SS) - Mission Statement

• Provide reliable direct drinking water services to urban and rural communities with a focus on safety, accessibility and affordability.
• Integrate digital and IoT technologies to reduce non-revenue water, optimize energy use and enable predictive maintenance.
• Align operational practices with China's "dual carbon" goals by reducing carbon intensity and minimizing single-use plastics across the supply chain.

• Expand service footprint to additional provinces and county-level markets to increase customer reach and resilience of water networks.
• Adopt smart metering and analytics to improve resource allocation, targeting a reduction in operational costs and water loss.
• Deploy IoT-based monitoring across treatment and distribution assets for real-time data collection and automated control.
• Embed green, low-carbon principles into the direct drinking water business and pursue measurable carbon and plastic waste reductions.

• Safety and Quality - uncompromising standards in water treatment, testing and delivery.
• Innovation - continuous adoption of IoT, AI and analytics to optimize performance and lower costs.
• Sustainability - measurable commitment to carbon reduction, circularity and reduced single-use plastics.
• Customer-centricity - responsive service models tailored to municipal, industrial and household end-users.
• Integrity and Compliance - transparent governance, adherence to regulatory standards and ESG disclosure practices.

• Scale IoT rollout: accelerate deployment of sensors, flow meters and remote-control valves to reach real-time monitoring across major networks.
• Smart metering program: transition legacy meters to AMI/AMR systems to cut non-revenue water and billing disputes.
• Energy efficiency upgrades: retrofit pumps and treatment plants to lower electricity consumption and reduce emissions intensity.
• Green product promotion: expand refill and bulk dispensing channels to decrease single-use plastic consumption in direct drinking services.
• Partnerships & M&A: pursue regional service acquisitions and tech partnerships to fast-track geographic expansion and capability build-out.

• Customer coverage growth (new connections per year)
• Water quality compliance rate (percentage meeting national standards)
• Non-revenue water reduction (%)
• Average revenue per site and per capita
• Carbon intensity (tCO2e per million m3) and annual reduction

Heilongjiang Interchina Water Treatment Co.,Ltd. (600187.SS) - Vision Statement

• Integrity: Honesty, transparency, and regulatory compliance guide procurement, project delivery, and financial reporting.
• Innovation: Continuous R&D and process optimization to improve treatment efficiency and lower lifecycle costs.
• Environmental Responsibility: Committed to emissions and resource-use reductions across operations and client projects.
• Customer Focus: Delivering tailored solutions and after-sales service to maximize operational uptime and water quality outcomes.
• Collaboration: Partnering with industry, academia, and clients to scale solutions and share best practices.

• Ethics training program coverage: >1,200 employees trained in ethical decision-making and regulatory standards.
• Project footprint: Nationwide municipal and industrial water-treatment projects across multiple provinces (long-term operation and maintenance contracts).
• Public listing: Traded as 600187.SS, providing transparency through regular disclosures to investors and regulators.

• Embed integrity: Strengthen controls, expand ethics training, and monitor compliance across projects.
• Scale innovation: Invest in pilot projects and process R&D to raise treatment efficiency and lower energy intensity.
• Advance sustainability: Integrate resource-recovery and emissions-reduction targets into project design and operations.
• Deepen customer partnerships: Expand O&M contracts and service SLAs to ensure measurable water-quality outcomes.
• Foster collaboration: Joint ventures with technology partners and knowledge-sharing with academic institutions.