Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥81.20, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 25x in the Electrical industry in China. Total returns to shareholders of 75% over the past three years. Announcement • May 29
Great Power Announces Final Profit Distribution Plan to Be Implemented on A Share for 2025, Payable on June 2, 2026 Great Power announced a final profit distribution plan to be implemented on A share with cash dividend of CNY 0.600 per 10 shares for 2025. The record date is June 1, 2026, and the payment date is June 2, 2026. The ex-date is June 2, 2026. New Risk • May 03
New major risk - Revenue and earnings growth Earnings have declined by 38% 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 Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 38% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • Apr 29
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: CN¥0.41 (up from CN¥0.50 loss in FY 2024). Revenue: CN¥11.9b (up 50% from FY 2024). Net income: CN¥206.0m (up CN¥458.5m from FY 2024). Profit margin: 1.7% (up from net loss in FY 2024). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 51%. Revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance. Announcement • Apr 29
Guangzhou Great Power Energy and Technology Co., Ltd, Annual General Meeting, May 20, 2026 Guangzhou Great Power Energy and Technology Co., Ltd, Annual General Meeting, May 20, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China New Risk • Apr 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.9% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company. Announcement • Mar 31
Guangzhou Great Power Energy and Technology Co., Ltd to Report Q1, 2026 Results on Apr 29, 2026 Guangzhou Great Power Energy and Technology Co., Ltd announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Dec 31
Guangzhou Great Power Energy and Technology Co., Ltd to Report Fiscal Year 2025 Results on Apr 29, 2026 Guangzhou Great Power Energy and Technology Co., Ltd announced that they will report fiscal year 2025 results on Apr 29, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.40 (vs CN¥0.037 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.40 (up from CN¥0.037 in 3Q 2024). Revenue: CN¥3.28b (up 75% from 3Q 2024). Net income: CN¥202.8m (up CN¥184.0m from 3Q 2024). Profit margin: 6.2% (up from 1.0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. New Risk • Oct 24
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 7.4% 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 Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Announcement • Sep 30
Guangzhou Great Power Energy and Technology Co., Ltd to Report Q3, 2025 Results on Oct 30, 2025 Guangzhou Great Power Energy and Technology Co., Ltd announced that they will report Q3, 2025 results on Oct 30, 2025 New Risk • Aug 26
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Announcement • Jul 02
Guangzhou Great Power Energy and Technology Co., Ltd to Report First Half, 2025 Results on Aug 28, 2025 Guangzhou Great Power Energy and Technology Co., Ltd announced that they will report first half, 2025 results on Aug 28, 2025 Reported Earnings • Apr 24
First quarter 2025 earnings released: CN¥0.089 loss per share (vs CN¥0.041 profit in 1Q 2024) First quarter 2025 results: CN¥0.089 loss per share (down from CN¥0.041 profit in 1Q 2024). Revenue: CN¥1.69b (down 10% from 1Q 2024). Net loss: CN¥45.0m (down 316% from profit in 1Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Announcement • Apr 24
Guangzhou Great Power Energy and Technology Co., Ltd, Annual General Meeting, May 16, 2025 Guangzhou Great Power Energy and Technology Co., Ltd, Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China New Risk • Apr 07
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • Mar 31
Guangzhou Great Power Energy and Technology Co., Ltd to Report Q1, 2025 Results on Apr 24, 2025 Guangzhou Great Power Energy and Technology Co., Ltd announced that they will report Q1, 2025 results on Apr 24, 2025 Announcement • Dec 31
Guangzhou Great Power Energy and Technology Co., Ltd to Report Fiscal Year 2024 Results on Apr 24, 2025 Guangzhou Great Power Energy and Technology Co., Ltd announced that they will report fiscal year 2024 results on Apr 24, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.037 (vs CN¥0.05 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.037 (down from CN¥0.05 in 3Q 2023). Revenue: CN¥1.87b (up 37% from 3Q 2023). Net income: CN¥18.8m (down 19% from 3Q 2023). Profit margin: 1.0% (down from 1.7% in 3Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Sep 30
Guangzhou Great Power Energy and Technology Co., Ltd to Report Q3, 2024 Results on Oct 25, 2024 Guangzhou Great Power Energy and Technology Co., Ltd announced that they will report Q3, 2024 results on Oct 25, 2024 Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.05 (vs CN¥0.14 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.05 (down from CN¥0.14 in 2Q 2023). Revenue: CN¥2.18b (up 16% from 2Q 2023). Net income: CN¥25.3m (down 63% from 2Q 2023). Profit margin: 1.2% (down from 3.7% in 2Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. New Risk • Aug 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 7.9% 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: Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Shareholders have been diluted in the past year (9.1% increase in shares outstanding). New Risk • Aug 20
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 233% The company is paying a dividend despite having no free cash flows. Dividend yield: 0.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 233% Paying a dividend despite having no free cash flows. Minor Risk Shareholders have been diluted in the past year (9.1% increase in shares outstanding). Announcement • Jun 29
Guangzhou Great Power Energy and Technology Co., Ltd to Report First Half, 2024 Results on Aug 28, 2024 Guangzhou Great Power Energy and Technology Co., Ltd announced that they will report first half, 2024 results on Aug 28, 2024 Announcement • Apr 29
Guangzhou Great Power Energy and Technology Co., Ltd, Annual General Meeting, May 17, 2024 Guangzhou Great Power Energy and Technology Co., Ltd, Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CN¥0.033 (vs CN¥0.42 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.033 (down from CN¥0.42 in 1Q 2023). Revenue: CN¥1.60b (down 36% from 1Q 2023). Net income: CN¥16.4m (down 91% from 1Q 2023). Profit margin: 1.0% (down from 7.3% in 1Q 2023). Revenue is forecast to grow 43% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥23.55, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Electrical industry in China. Total returns to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥27.03, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Electrical industry in China. Total returns to shareholders of 63% over the past three years. Announcement • Mar 30
Guangzhou Great Power Energy and Technology Co., Ltd to Report Q1, 2024 Results on Apr 27, 2024 Guangzhou Great Power Energy and Technology Co., Ltd announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥25.91, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Electrical industry in China. Total returns to shareholders of 66% over the past three years. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥20.55, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Electrical industry in China. Total returns to shareholders of 5.1% over the past three years. Major Estimate Revision • Feb 07
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CN¥0.972 to CN¥0.862 per share. Revenue forecast steady at CN¥7.60b. Net income forecast to grow 63% next year vs 51% growth forecast for Electrical industry in China. Consensus price target down from CN¥31.40 to CN¥27.90. Share price fell 3.2% to CN¥19.48 over the past week. Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥24.22, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Electrical industry in China. Total returns to shareholders of 9.2% over the past three years. Announcement • Dec 29
Guangzhou Great Power Energy and Technology Co., Ltd to Report Fiscal Year 2023 Results on Apr 27, 2024 Guangzhou Great Power Energy and Technology Co., Ltd announced that they will report fiscal year 2023 results on Apr 27, 2024 Price Target Changed • Nov 03
Price target decreased by 26% to CN¥44.30 Down from CN¥59.77, the current price target is an average from 3 analysts. New target price is 47% above last closing price of CN¥30.18. Stock is down 60% over the past year. The company is forecast to post earnings per share of CN¥0.93 for next year compared to CN¥1.42 last year. Announcement • Oct 27
Guangzhou Great Power Energy and Technology Co., Ltd (SZSE:300438) announces an Equity Buyback for CNY 60 million worth of its shares. Guangzhou Great Power Energy and Technology Co., Ltd (SZSE:300438) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 50 per share. The shares purchased will be used for the company's equity incentive plan or ESOPs. The program will be valid till 12 months. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.05 (vs CN¥0.43 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.05 (down from CN¥0.43 in 3Q 2022). Revenue: CN¥1.36b (down 44% from 3Q 2022). Net income: CN¥23.4m (down 88% from 3Q 2022). Profit margin: 1.7% (down from 8.2% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Oct 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 31%. The fair value is estimated to be CN¥40.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Earnings per share has grown by 81%. Revenue is forecast to grow by 153% in 2 years. Earnings is forecast to grow by 198% in the next 2 years. New Risk • Oct 20
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 6.1% 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 Risk High level of non-cash earnings (34% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (9.6% increase in shares outstanding). Upcoming Dividend • Oct 02
Upcoming dividend of CN¥0.14 per share Eligible shareholders must have bought the stock before 09 October 2023. Payment date: 09 October 2023. The company last paid an ordinary dividend in June 2016. The average dividend yield among industry peers is 1.3%. Announcement • Sep 23
Guangzhou Great Power Energy and Technology Co., Ltd Announces Implementation of 2023 Interim Profit Distribution Plan, Payable on 09 October 2023 Guangzhou Great Power Energy and Technology Co. Ltd. announced 2023 interim profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 1.37426000. Record date: 28 September 2023. Ex-date: 09 October 2023. Payment date: 09 October 2023. New Risk • Sep 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (34% accrual ratio). Minor Risk Shareholders have been diluted in the past year (9.6% increase in shares outstanding). Announcement • Sep 19
Guangzhou Great Power Energy and Technology Co., Ltd Approves 2023 Interim Profit Distribution Plan Guangzhou Great Power Energy and Technology Co. Ltd. approved 2023 interim profit distribution plan. The company approved Cash dividend/10 shares (tax included) of CNY 1.50000000 for 2023 at the Extraordinary General Meeting of 2023 on September 15, 2023. Announcement • Sep 08
Great Power Unveils 320 Ultra Lithium-Ion Battery Cell Great Power announced the release of its latest high-capacity lithium-ion battery cell, the 320 Ultra, offering over 1 kWh of energy (320 ampere-hours of capacity). This next-generation battery offers the same reliable and safe lithium iron phosphate (LFP) chemistry and technology but with a significant boost in capacity and cycle life. This battery cell is one of the first in the industry to achieve over 1 kWh of capacity in a standard format single cell – serving as a testament to Great Power’s leading battery technology. The 320 Ultra provides an increase of 128 Wh of capacity per cell, compared to Great Power’s industry-standard 280Ah cells, which is a nearly 15% increase in energy density in the same package size. Uniquely tailored to meet the ever-growing demand for safer, more efficient, longer-lasting batteries, the 320 Ultra is ideally suited for stationary storage, C&I applications, and economy passenger and commercial EVs. The energy capacity of Great Power’s latest-generation solution allows system designers to utilize the battery cell in space-constrained applications without forfeiting performance. Further, the increase in energy density directly translates to an associated reduction in costs for associated hardware, wiring, containers, installation time, and maintenance. In addition to improved energy density, the 320 Ultra offers over 8,000 high-performance cycles, increasing overall lifetime and reducing the levelized cost of energy. Great Power’s battery can be used effectively for over 20 years – reducing maintenance and increasing reliability for developers and designers. Great Power will be exhibiting at RE+, one of North America's largest renewable energy events, from September 11-14, 2023 (booth number 5153). In addition to a first look at the 320 Ultra, booth visitors will see the company’s new line of lithium-ion systems, sodium ion cells, and examples of expanding global projects and manufacturing capacity. Buying Opportunity • Sep 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 27%. The fair value is estimated to be CN¥42.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Earnings per share has grown by 81%. Revenue is forecast to grow by 153% in 2 years. Earnings is forecast to grow by 198% in the next 2 years. Major Estimate Revision • Sep 06
Consensus revenue estimates fall by 28% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥15.9b to CN¥11.4b. EPS estimate fell from CN¥2.68 to CN¥1.93 per share. Net income forecast to grow 104% next year vs 62% growth forecast for Electrical industry in China. Consensus price target down from CN¥75.80 to CN¥59.77. Share price fell 10% to CN¥34.75 over the past week. Announcement • Sep 02
Guangzhou Great Power Energy and Technology Co., Ltd Proposes Dividend for the First Half of 2023 Guangzhou Great Power Energy and Technology Co. Ltd. proposed Cash dividend/10 shares (tax included) of CNY1.50000000 for the first half of 2023. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.35 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.14 (down from CN¥0.35 in 2Q 2022). Revenue: CN¥1.88b (down 22% from 2Q 2022). Net income: CN¥68.8m (down 55% from 2Q 2022). Profit margin: 3.7% (down from 6.4% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jun 02
Price target decreased by 16% to CN¥75.80 Down from CN¥90.27, the current price target is an average from 3 analysts. New target price is 56% above last closing price of CN¥48.63. Stock is up 2.2% over the past year. The company is forecast to post earnings per share of CN¥2.66 for next year compared to CN¥1.42 last year. Major Estimate Revision • May 06
Consensus EPS estimates increase by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from CN¥16.6b to CN¥17.2b. EPS estimate increased from CN¥2.75 to CN¥3.03 per share. Net income forecast to grow 111% next year vs 58% growth forecast for Electrical industry in China. Consensus price target of CN¥89.90 unchanged from last update. Share price fell 2.2% to CN¥50.98 over the past week. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.42 (vs CN¥0.21 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.42 (up from CN¥0.21 in 1Q 2022). Revenue: CN¥2.50b (up 50% from 1Q 2022). Net income: CN¥182.5m (up 101% from 1Q 2022). Profit margin: 7.3% (up from 5.4% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 46% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jan 26
Price target increased by 10% to CN¥99.50 Up from CN¥90.27, the current price target is an average from 2 analysts. New target price is 36% above last closing price of CN¥73.13. Stock is up 75% over the past year. The company is forecast to post earnings per share of CN¥1.46 for next year compared to CN¥0.43 last year. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥77.99, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 20x in the Electrical industry in China. Total returns to shareholders of 322% over the past three years. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥71.58, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 21x in the Electrical industry in China. Total returns to shareholders of 351% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Song Xiaoning was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥76.08, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 21x in the Electrical industry in China. Total returns to shareholders of 412% over the past three years. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.43 (vs CN¥0.11 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.43 (up from CN¥0.11 in 3Q 2021). Revenue: CN¥2.44b (up 69% from 3Q 2021). Net income: CN¥199.3m (up 337% from 3Q 2021). Profit margin: 8.2% (up from 3.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.35 (vs CN¥0.15 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.35 (up from CN¥0.15 in 2Q 2021). Revenue: CN¥2.40b (up 73% from 2Q 2021). Net income: CN¥153.3m (up 141% from 2Q 2021). Profit margin: 6.4% (up from 4.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 55%, compared to a 55% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 92% per year, which means it is well ahead of earnings. Board Change • Aug 11
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Song Xiaoning was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 22
Guangzhou Great Power Energy and Technology Co., Ltd announced that it expects to receive CNY 4.5 billion in funding Guangzhou Great Power Energy &Technology CO.,LTD announced a private placement of not more than 66,722,716 shares A shares for gross proceeds of not more than CNY 4,500,000,000 on July 20, 2022. The transaction will include participation from not more than 35 investors. The issue price shall not be less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction has been approved in the 30th Meeting of the Company’s 4th Directorate, and is subject to the approvals of the Company’s Shareholders and the China Securities Regulatory Commission. The shares cannot be transferred within 6 months from the issuance closing date. Price Target Changed • Jun 29
Price target increased to CN¥51.95 Up from CN¥26.88, the current price target is provided by 1 analyst. New target price is 9.3% below last closing price of CN¥57.27. Stock is up 150% over the past year. The company is forecast to post earnings per share of CN¥0.94 for next year compared to CN¥0.43 last year. Announcement • Jun 01
Guangzhou Great Power Energy and Technology Co., Ltd Announces Final Dividend on A Shares for the Year 2021, Payable on June 8, 2022 Guangzhou Great Power Energy and Technology Co. Ltd. announced final cash dividend/10 shares (tax included) of CNY 0.50000000 on A shares for the year 2021. Record date is June 7, 2022. Ex-date is June 8, 2022. Payment date is June 8, 2022. Announcement • May 24
Guangzhou Great Power Energy and Technology Co., Ltd Approves Dividend for the Year 2021 Guangzhou Great Power Energy and Technology Co. Ltd. announced at annual general meeting held on May 20, 2022, the shareholders approved cash dividend of CNY 0.50000000 per ten shares (tax included) for the year 2021. Valuation Update With 7 Day Price Move • May 04
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥31.35, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 18x in the Electrical industry in China. Total returns to shareholders of 158% over the past three years. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: CN¥0.21 (up from CN¥0.13 in 1Q 2021). Revenue: CN¥1.66b (up 56% from 1Q 2021). Net income: CN¥90.6m (up 66% from 1Q 2021). Profit margin: 5.4% (up from 5.2% in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 32%. Over the next year, revenue is forecast to grow 43%, compared to a 52% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.17 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥1.44b (up 24% from 3Q 2020). Net income: CN¥45.6m (down 35% from 3Q 2020). Profit margin: 3.2% (down from 6.0% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.13 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥1.39b (up 60% from 2Q 2020). Net income: CN¥63.7m (up 26% from 2Q 2020). Profit margin: 4.6% (down from 5.8% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings. Announcement • May 27
Guangzhou Great Power Energy and Technology Co., Ltd Announces 2020 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on June 2, 2021 Guangzhou Great Power Energy and Technology Co. Ltd. announced 2020 final profit distribution plan to be implemented (A shares), payable on June 2, 2021. The company announced Cash dividend/10 shares (tax included) of CNY 0.99998700. Record date is June 1, 2021. Ex-date is June 2, 2021. 10% withholding tax on cash dividend will be deducted in CNY within the cash dividend receivable. Announcement • May 22
Guangzhou Great Power Energy and Technology Co., Ltd Approves Cash Dividend for 2020 Guangzhou Great Power Energy and Technology Co. Ltd. approved cash dividend (tax included) of CNY 1.00000000 per 10 shares for 2020 at the AGM held on 20 May 2021. Announcement • Apr 29
Guangzhou Great Power Energy and Technology Co., Ltd Proposes Final Cash Dividend for the Year 2020 Guangzhou Great Power Energy and Technology Co. Ltd. proposed final cash dividend/10 shares (tax included): CNY 1.00000000 for the year 2020. Is New 90 Day High Low • Feb 23
New 90-day low: CN¥19.03 The company is down 20% from its price of CN¥23.80 on 25 November 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥13.46 per share. Is New 90 Day High Low • Dec 11
New 90-day high: CN¥24.50 The company is up 50% from its price of CN¥16.38 on 11 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥14.12 per share. Is New 90 Day High Low • Nov 23
New 90-day high: CN¥23.89 The company is up 36% from its price of CN¥17.53 on 25 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥12.09 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥38.9m, down 85% from the prior year. Total revenue was CN¥3.29b over the last 12 months, largely unchanged from the prior year. Is New 90 Day High Low • Oct 28
New 90-day high: CN¥21.18 The company is up 15% from its price of CN¥18.42 on 30 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.63 per share. Is New 90 Day High Low • Oct 13
New 90-day high: CN¥19.25 The company is up 3.0% from its price of CN¥18.63 on 15 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Electrical industry, which is also up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.63 per share. Announcement • Aug 11
Guangzhou Great Power Energy and Technology Co., Ltd to Report First Half, 2020 Results on Aug 27, 2020 Guangzhou Great Power Energy and Technology Co., Ltd announced that they will report first half, 2020 results on Aug 27, 2020