Announcement • 23h
Zhejiang Power New Energy Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026 Zhejiang Power New Energy Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026 Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: CN¥0.13 (vs CN¥0.34 loss in 1Q 2025) First quarter 2026 results: EPS: CN¥0.13 (up from CN¥0.34 loss in 1Q 2025). Revenue: CN¥205.4m (up 157% from 1Q 2025). Net income: CN¥20.2m (up CN¥76.2m from 1Q 2025). Profit margin: 9.8% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Announcement • Apr 25
Zhejiang Power New Energy Co., Ltd., Annual General Meeting, May 21, 2026 Zhejiang Power New Energy Co., Ltd., Annual General Meeting, May 21, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhuji, Zhejiang China Announcement • Mar 30
Zhejiang Power New Energy Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Zhejiang Power New Energy Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Reported Earnings • Mar 05
Full year 2025 earnings released: CN¥4.40 loss per share (vs CN¥4.58 loss in FY 2024) Full year 2025 results: CN¥4.40 loss per share (improved from CN¥4.58 loss in FY 2024). Revenue: CN¥673.4m (down 29% from FY 2024). Net loss: CN¥697.9m (loss narrowed 3.9% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Announcement • Dec 26
Zhejiang Power New Energy Co., Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2026 Zhejiang Power New Energy Co., Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: CN¥0.29 loss per share (vs CN¥0.66 loss in 3Q 2024) Third quarter 2025 results: CN¥0.29 loss per share (improved from CN¥0.66 loss in 3Q 2024). Revenue: CN¥116.3m (down 34% from 3Q 2024). Net loss: CN¥45.5m (loss narrowed 56% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Zhejiang Power New Energy Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Zhejiang Power New Energy Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jun 30
Zhejiang Power New Energy Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Zhejiang Power New Energy Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • Jun 13
Zhejiang Power New Energy Co., Ltd. (SHSE:688184) announces an Equity Buyback for CNY 20 million worth of its shares. Zhejiang Power New Energy Co., Ltd. (SHSE:688184) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 13.88 per share. The repurchased shares will be used for Employee Stock Ownership Plan or Equity Incentives. The program will be funded out of the company’s own funds. The program is subject to shareholders' approval at the 3rd extraordinary shareholders' meeting of 2025 to be held on July 1, 2025. The program will be valid for a period of 3 months from the date of approval by shareholders. New Risk • May 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥707m free cash flow). Earnings have declined by 85% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change). Announcement • Apr 30
Zhejiang Power New Energy Co., Ltd., Annual General Meeting, May 21, 2025 Zhejiang Power New Energy Co., Ltd., Annual General Meeting, May 21, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhuji, Zhejiang China New Risk • Apr 04
New major risk - Revenue and earnings growth Earnings have declined by 74% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥755m free cash flow). Earnings have declined by 74% per year over the past 5 years. Announcement • Mar 28
Zhejiang Power New Energy Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Zhejiang Power New Energy Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Reported Earnings • Mar 02
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: CN¥6.91 loss per share (further deteriorated from CN¥0.60 loss in FY 2023). Revenue: CN¥1.04b (down 12% from FY 2023). Net loss: CN¥1.10b (loss widened CN¥999.8m from FY 2023). Revenue missed analyst estimates by 29%. Earnings per share (EPS) also missed analyst estimates by 176%. Revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Announcement • Dec 27
Zhejiang Power New Energy Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Zhejiang Power New Energy Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.66 loss per share (vs CN¥0.022 profit in 3Q 2023) Third quarter 2024 results: CN¥0.66 loss per share (down from CN¥0.022 profit in 3Q 2023). Revenue: CN¥175.3m (down 43% from 3Q 2023). Net loss: CN¥102.8m (down CN¥106.6m from profit in 3Q 2023). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Announcement • Sep 30
Zhejiang Power New Energy Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Zhejiang Power New Energy Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Announcement • Aug 28
Zhejiang Power New Energy Co., Ltd. (SHSE:688184) announces an Equity Buyback for CNY 30 million worth of its shares. Zhejiang Power New Energy Co., Ltd. (SHSE:688184) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 18.45 per share. The purpose of the program is to maintain the company's value and shareholders' rights and stabilize the stock price. The repurchased shares will be cancelled and the registered capital will be reduced according to law after the repurchase. The program will be funded out of a part of the over-raised funds obtained from the company's initial public offering of CNY ordinary shares. The program will be valid till 3 months from the date of approval by shareholders. Reported Earnings • Aug 28
Second quarter 2024 earnings released: CN¥1.58 loss per share (vs CN¥0.058 profit in 2Q 2023) Second quarter 2024 results: CN¥1.58 loss per share (down from CN¥0.058 profit in 2Q 2023). Revenue: CN¥316.7m (up 47% from 2Q 2023). Net loss: CN¥255.8m (down CN¥265.2m from profit in 2Q 2023). Revenue is forecast to grow 94% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Chemicals industry in China. Announcement • Jun 29
Zhejiang Power New Energy Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Zhejiang Power New Energy Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Announcement • Apr 29
Zhejiang Power New Energy Co., Ltd., Annual General Meeting, May 20, 2024 Zhejiang Power New Energy Co., Ltd., Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhuji, Zhejiang China Reported Earnings • Apr 28
First quarter 2024 earnings released: CN¥0.26 loss per share (vs CN¥0.042 profit in 1Q 2023) First quarter 2024 results: CN¥0.26 loss per share (down from CN¥0.042 profit in 1Q 2023). Revenue: CN¥393.6m (up 60% from 1Q 2023). Net loss: CN¥41.5m (down CN¥48.0m from profit in 1Q 2023). Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Announcement • Mar 30
Zhejiang Power New Energy Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Zhejiang Power New Energy Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Reported Earnings • Feb 28
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.12 (down from CN¥1.12 in FY 2022). Revenue: CN¥1.28b (down 23% from FY 2022). Net income: CN¥19.1m (down 87% from FY 2022). Profit margin: 1.5% (down from 8.8% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 80%. Revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China. Announcement • Jan 27
Zhejiang Power New Energy Co., Ltd. (SHSE:688184) commences an Equity Buyback plan for CNY 40 million worth of its shares, under the authorization approved on January 12, 2024. Zhejiang Power New Energy Co., Ltd. (SHSE:688184) commences share repurchases on January 25, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on January 12, 2024. As per the mandate, the company is authorized to repurchase to repurchase CNY 40 million worth of its common shares. The shares will be repurchased at a price of not more than CNY 30.61 per share. The purpose of the program is to safeguard the interests of all shareholders of the company, enhance investor confidence, stabilize and enhance the company's value, and promote the company's long-term, healthy and sustainable development. The repurchased shares will be used to cancel and reduce registered capital. The program will be funded out of the company's own funds. The program will be valid till 12 months from the date of approval by shareholders. Buying Opportunity • Nov 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be CN¥27.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 3.0%. Revenue is forecast to grow by 313% in 2 years. Earnings is forecast to grow by 627% in the next 2 years. New Risk • Nov 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.5% Last year net profit margin: 8.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (47% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (5.5% net profit margin). Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.022 (vs CN¥0.28 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.022 (down from CN¥0.28 in 3Q 2022). Revenue: CN¥309.4m (down 29% from 3Q 2022). Net income: CN¥3.83m (down 89% from 3Q 2022). Profit margin: 1.2% (down from 7.9% in 3Q 2022). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China. Buying Opportunity • Oct 13
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be CN¥27.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last year. Earnings per share has declined by 33%. Revenue is forecast to grow by 257% in 2 years. Earnings is forecast to grow by 356% in the next 2 years. Buying Opportunity • Sep 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be CN¥27.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last year. Earnings per share has declined by 33%. Revenue is forecast to grow by 257% in 2 years. Earnings is forecast to grow by 356% in the next 2 years. Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: CN¥0.086 (vs CN¥0.28 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.086 (down from CN¥0.28 in 2Q 2022). Revenue: CN¥215.5m (down 53% from 2Q 2022). Net income: CN¥9.39m (down 57% from 2Q 2022). Profit margin: 4.4% (down from 4.8% in 2Q 2022). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Announcement • Jun 28
Zhejiang Power New Energy Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Zhejiang Power New Energy Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Apr 14
Full year 2022 earnings released: EPS: CN¥1.35 (vs CN¥0.94 in FY 2021) Full year 2022 results: EPS: CN¥1.35 (up from CN¥0.94 in FY 2021). Revenue: CN¥1.66b (up 93% from FY 2021). Net income: CN¥147.9m (up 77% from FY 2021). Profit margin: 8.9% (in line with FY 2021). Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Ting Yao was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.17 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.34 (up from CN¥0.17 in 3Q 2021). Revenue: CN¥434.7m (up 98% from 3Q 2021). Net income: CN¥34.4m (up 105% from 3Q 2021). Profit margin: 7.9% (up from 7.7% in 3Q 2021). The increase in margin was driven by higher revenue. Board Change • Sep 19
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Ting Yao was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.