China Everbright Water Limited Releases 2025 Full-Year Report on Medium Term Notes

Overview

China Everbright Water Limited (“the Company”), a leading player in the water services sector, has released its 2025 Full-Year Report concerning its multiple tranches of Medium Term Notes (MTNs) issued to institutional investors in the Chinese Mainland’s national inter-bank bond market. The report, which covers the period from 1 January 2025 to 31 December 2025, has been published on the official websites of the Beijing Financial Assets Exchange, Shanghai Clearing House, and China Foreign Exchange Trade System and National Interbank Funding Center.

Key Points for Investors

• Multiple Tranches of MTNs Issued:
  • 2023 First Tranche MTN: RMB 1 billion issued, RMB 920 million outstanding
  • 2023 Second Tranche MTN: RMB 1.5 billion issued
  • 2023 Third Tranche MTN: RMB 1 billion issued
  • 2024 First Tranche MTN: RMB 1.5 billion issued
  • 2025 First Tranche MTN: RMB 1.5 billion issued
  • 2025 Second Tranche MTN: RMB 1 billion issued
  • 2025 Third Tranche MTN: RMB 700 million issued
• Regulatory Compliance and Transparency:
  • The full-year report was prepared in strict accordance with the relevant requirements for debt financing instruments of non-financial enterprises in the inter-bank bond market.
  • The report confirms the Company’s compliance with legal and regulatory requirements, and no breaches of the Company’s Memorandum of Association and Bye-Laws were identified.
• Intended Use of Proceeds:
  • There has been no deviation from the intended use of proceeds as previously disclosed in announcements dated from April 2023 through June 2025.
• Ownership and Control:
  • No change in the controlling shareholder: China Everbright Environment Group Limited remains the controlling shareholder.
  • China Everbright Group Ltd. continues as the controlling shareholder of Everbright Environment Group, and both entities operate independently regarding assets, personnel, organization, finances, and business.
• Operational Stability:
  • No major changes in the Company’s core businesses, business development goals, industry conditions, or industry status.
• Credit Ratings and Repayment Measures:
  • No changes in the credit ratings of the Issued MTNs or the Company as the issuer, as disclosed in the Company’s recent announcements (May and June 2025).
  • No changes in credit enhancement measures or other measures to ensure repayment of the MTNs as at the end of the reporting period.
• Financial Transparency:
  • An extract of the audited financial results for the year ended 31 December 2025 is included in the report (full details available on the official exchange websites).

Potentially Price-Sensitive Information

• The confirmation that there are no deviations in the use of MTN proceeds, no changes in the controlling shareholder structure, and no changes in credit ratings or repayment measures indicates strong operational stability and sound corporate governance.
• The absence of adverse developments—such as regulatory breaches, changes in business strategy, or downgrades in credit rating—should be viewed positively by investors looking for stability and reliability in the Company’s financial instruments and overall business.
• The continuous issuance of substantial MTNs suggests proactive capital management and strong institutional investor confidence in the Company’s creditworthiness and long-term prospects.

What Shareholders Should Know

• The Company remains compliant with all regulatory requirements for its debt instruments.
• No changes in ownership or management that could affect the Company’s future direction.
• No deterioration in financial or operational conditions as per the latest audited results.
• Ongoing transparency and timely disclosure of all relevant information concerning its debt financing activities.

Further Information

The full 2025 Full-Year Report is available to the public on the official websites of the Beijing Financial Assets Exchange, Shanghai Clearing House, and China Foreign Exchange Trade System and National Interbank Funding Center.

The report was officially released by Kwan Yun Fui, Legal Counsel and Joint Company Secretary, on 30 April 2026.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should review the full report and conduct their own due diligence before making any investment decisions. The Company’s future performance may be subject to various risks and uncertainties not detailed in this summary.

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