China Water Affairs Group

1. Currency Risk: China Water Affairs Group Limited operates in multiple countries, so changes in foreign exchange rates could adversely impact the company’s business and financial results.

2. Water Crisis Risk: Climate change and population growth could result in water shortages and water resource issues which could negatively impact the company's operations.

3. Political Risk: Government regulations, policies, and uncertain economic conditions could slow or limit the company's access to resources and investments necessary for growth.

4. Competition Risk: China Water Affairs Group Limited has numerous competitors in the water conversations industry, both domestic and international. These competitors could increase their market presence and provide better prices and services, which could adversely affect the company's sales and profitability.

5. Operating Risk: Poorly planned and managed projects could hit the company’s bottom line, as well as subject it to regulatory fines if discovered.

6. Financial Risk: The company's debt could act as a drag on its performance and may limit its ability to take on new projects or make potential investments.