China Water Industry Group
A Hong Kong-listed investment holding company focused primarily on water supply, sewage treatment, and related environmental infrastructure.
Last updated August 25, 2026
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Overview
China Water Industry Group Limited is a Hong Kong-listed investment holding company whose principal identity is built around water and environmental infrastructure businesses in China. The company was established in 2002 under the name Sky Hawk Computer Group Limited and was listed on the Hong Kong Stock Exchange. Its corporate direction subsequently shifted through acquisitions, disposals, and changes in business scope, eventually becoming associated with water management and environmental services. The group’s stated business structure comprises several divisions. Its core activities include the provision of water supply and sewage treatment services, together with the construction of infrastructure used for those services. These activities place the company in the utility, environmental-services, and infrastructure-investment sectors rather than in the consumer-brand market. The group has used acquisitions of operating companies and investment vehicles to build or adjust its presence in water production, water distribution, and wastewater treatment. A significant stage in the group’s development occurred in 2006, when its structure and business nature were changed to reflect its increasing involvement in the water sector. Subsequent transactions expanded or reshaped that platform. In January 2008, the group acquired Jinan Hongquan Water Production Co., Ltd through the purchase of Blue Mountain Hong Kong Group Limited. Later in 2008, it acquired Plenty One Limited and obtained the remaining 51 percent interest in Danzhou Water Pipe, increasing its holding from an existing 49 percent associate position to full control. In March 2009, Jining City Haiyuan Water Treatment Company Limited, an indirect subsidiary, disposed of all its assets and liabilities, illustrating that the group’s portfolio has also involved selective divestments. In addition to water and sewage operations, the company has reported activities involving the construction of related infrastructure, financial and investment products, trading of watches and accessories, and other businesses. These non-core divisions make the group a diversified investment holding company rather than a narrowly focused municipal water operator. The available reference material does not establish a detailed current geographic breakdown, financial profile, executive roster, or consumer-facing brand architecture. Its public identity is therefore best understood as that of a listed corporate investment platform with water and environmental operations at its center.
History
China Water Industry Group was founded in 2002 as Sky Hawk Computer Group Limited and became a company listed on the Hong Kong Stock Exchange. Its original corporate identity did not center on water utilities. Through later acquisitions and changes in business scope, the company moved toward water management and environmental infrastructure, adopting a name and structure aligned with that direction. In 2006, the group changed its structure and the nature of its business to reflect its growing presence in the water sector. The transition involved building a portfolio of operating companies and investment interests connected with water production, supply, sewage treatment, and associated infrastructure. The group’s business model consequently developed as an investment holding structure rather than as a single operating utility. On January 18, 2008, the company acquired Jinan Hongquan Water Production Co., Ltd through the acquisition of Blue Mountain Hong Kong Group Limited. This transaction strengthened its exposure to water-production operations. On August 12, 2008, it acquired Plenty One Limited. On November 13, 2008, it acquired the remaining 51 percent interest in Danzhou Water Pipe, having previously held a 49 percent associate interest. The transaction gave the group full ownership of that business interest. The group also undertook disposals as it adjusted its portfolio. On March 27, 2009, Jining City Haiyuan Water Treatment Company Limited, an indirect subsidiary, disposed of all its assets and liabilities. This transaction demonstrates that the company’s development has included both expansion through acquisition and rationalization through divestment. The business divisions described for China Water Industry Group include water supply and sewage treatment, construction of water supply and sewage-treatment infrastructure, financial and investment products, trading of watches and accessories, and other activities. Water and environmental operations remain the central theme of the corporate identity, although the reported scope is broader than municipal water services alone. The available reference material does not provide sufficient information to document later changes in ownership, management, financial performance, geographic operating scale, or the company’s current project portfolio in detail.
- 2009
Jining City Haiyuan Water Treatment divestment
[1]An indirect subsidiary disposed of all its assets and liabilities on March 27.
- 2008
Jinan Hongquan Water Production acquired
[1]The group acquired Jinan Hongquan Water Production Co., Ltd through the purchase of Blue Mountain Hong Kong Group Limited on January 18.
- 2008
Plenty One Limited acquired
[1]China Water Industry Group acquired Plenty One Limited on August 12.
- 2008
Danzhou Water Pipe brought under full control
[1]The group acquired the remaining 51 percent of Danzhou Water Pipe on November 13, adding to its existing 49 percent associate interest.
- 2006
Business structure shifts toward water management
[1]The group changed its structure and business nature to reflect its increasing involvement in water-related activities.
- 2002
Founded as Sky Hawk Computer Group
[1]The company was established as Sky Hawk Computer Group Limited and was listed on the Hong Kong Stock Exchange.
Products and positioning
A listed infrastructure and environmental-services investment group centered on water supply, wastewater treatment, and related projects.
Utility and environmental services
Water supply services
The group’s core activities include the provision and operation of water supply services. These activities are conducted through operating companies and investment interests associated with water production and distribution. The available material does not specify individual service territories, customer numbers, tariff structures, or current operating assets.
Utility and environmental services
Sewage treatment services
Sewage treatment is one of the group’s principal reported business divisions. The activity covers investment in and operation of wastewater-treatment businesses, although the available reference does not identify a complete list of plants, municipalities, treatment capacity, or current project locations.
Infrastructure construction
Water and sewage infrastructure construction
China Water Industry Group also participates in the construction of infrastructure for water supply and sewage treatment. This complements its utility operations by covering the development or delivery of physical systems supporting water production, distribution, and wastewater management.
Investment activities
Financial and investment products
The group has reported a division dealing with financial and investment products. This is a supplementary investment-holding activity rather than the central water-services proposition. The reference material does not provide enough detail to characterize the specific instruments or portfolio composition.
Trading
Watches and accessories trading
Trading in watches and accessories is listed among the group’s business divisions. It represents a non-core commercial activity alongside the company’s water, infrastructure, and investment operations. No specific brands, product ranges, or markets are identified in the available source.
Brand decisions
2009
Disposal of Jining City Haiyuan Water Treatment assets and liabilitiesOtherBackground
Following its earlier acquisition activity, the group also adjusted its portfolio through a subsidiary-level disposal.
Action taken
Jining City Haiyuan Water Treatment Company Limited, an indirect subsidiary, disposed of all its assets and liabilities on March 27.
Aftermath
The disposal reduced or removed that subsidiary’s position within the group, although the source does not state the transaction value or strategic rationale.
2008
Acquisition of Blue Mountain Hong Kong Group and Jinan Hongquan Water ProductionM&ABackground
The group sought to expand its water-production interests through corporate acquisitions.
Action taken
It acquired Blue Mountain Hong Kong Group Limited, through which it acquired Jinan Hongquan Water Production Co., Ltd on January 18.
Aftermath
The transaction added a water-production business to the group’s operating and investment portfolio.
2008
Acquisition of Plenty One LimitedM&ABackground
The acquisition formed part of the group’s continuing portfolio expansion.
Action taken
China Water Industry Group acquired Plenty One Limited on August 12.
Aftermath
The company added another corporate asset to its diversified investment structure, although the available source does not describe the acquired entity’s activities in detail.
2008
Acquisition of the remaining interest in Danzhou Water PipeM&ABackground
The group already held a 49 percent associate interest in Danzhou Water Pipe.
Action taken
On November 13, the group acquired the additional 51 percent interest and obtained full control.
Aftermath
Danzhou Water Pipe became a wholly controlled business interest within the group’s water-related portfolio.
2006
Reorientation toward water and environmental businessesStrategyBackground
The company’s original identity was associated with Sky Hawk Computer Group, while its developing operations increasingly involved water management.
Action taken
The group changed its structure and business nature to reflect its water-sector presence.
Aftermath
The change established the strategic direction under which the company subsequently developed its water supply, sewage treatment, and related infrastructure portfolio.
Sources1 sources
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