Major Estimate Revision • Apr 29
Consensus revenue estimates increase by 13%, EPS downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from CN¥26.5b to CN¥30.0b. EPS estimate fell from CN¥2.18 to CN¥1.38. Net income forecast to grow 78% next year vs 57% growth forecast for Electrical industry in China. Consensus price target down from CN¥33.24 to CN¥31.80. Share price was steady at CN¥24.58 over the past week. Reported Earnings • Apr 24
First quarter 2026 earnings released: EPS: CN¥0.15 (vs CN¥0.16 loss in 1Q 2025) First quarter 2026 results: EPS: CN¥0.15 (up from CN¥0.16 loss in 1Q 2025). Revenue: CN¥3.98b (up 82% from 1Q 2025). Net income: CN¥179.4m (up CN¥370.7m from 1Q 2025). Profit margin: 4.5% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to grow 9.8% 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, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Apr 23
Sany Renewable Energy Co.,Ltd., Annual General Meeting, May 15, 2026 Sany Renewable Energy Co.,Ltd., Annual General Meeting, May 15, 2026, at 15:00 China Standard Time. Location: Building 1, Sany Industrial Park, Beiqing Road, Changping District, Beijing China Announcement • Mar 30
Sany Renewable Energy Co.,Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Sany Renewable Energy Co.,Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥29.95, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 29x in the Electrical industry in China. Total loss to shareholders of 4.8% over the past three years. Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: CN¥0.61 (vs CN¥1.51 in FY 2024) Full year 2025 results: EPS: CN¥0.61 (down from CN¥1.51 in FY 2024). Revenue: CN¥27.4b (up 54% from FY 2024). Net income: CN¥734.9m (down 59% from FY 2024). Profit margin: 2.7% (down from 10% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.9% 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 fallen by 14% per year whereas the company’s share price has fallen by 11% per year. Major Estimate Revision • Feb 04
Consensus EPS estimates fall by 18%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥23.3b to CN¥24.2b. EPS estimate fell from CN¥1.57 to CN¥1.29 per share. Net income forecast to grow 70% next year vs 45% growth forecast for Electrical industry in China. Consensus price target down from CN¥34.66 to CN¥32.99. Share price was steady at CN¥28.01 over the past week. Announcement • Dec 26
Sany Renewable Energy Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Sany Renewable Energy Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: CN¥0.073 loss per share (vs CN¥0.21 profit in 3Q 2024) Third quarter 2025 results: CN¥0.073 loss per share (down from CN¥0.21 profit in 3Q 2024). Revenue: CN¥5.86b (up 55% from 3Q 2024). Net loss: CN¥88.3m (down 135% from profit in 3Q 2024). Revenue is forecast to grow 11% 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, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 7% per year. Announcement • Sep 30
Sany Renewable Energy Co.,Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Sany Renewable Energy Co.,Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Price Target Changed • Sep 05
Price target increased by 9.2% to CN¥32.85 Up from CN¥30.08, the current price target is an average from 5 analysts. New target price is 10% above last closing price of CN¥29.75. Stock is up 27% over the past year. The company is forecast to post earnings per share of CN¥1.61 for next year compared to CN¥1.51 last year. Price Target Changed • Jul 16
Price target decreased by 14% to CN¥30.08 Down from CN¥34.81, the current price target is an average from 5 analysts. New target price is 25% above last closing price of CN¥23.97. Stock is up 0.6% over the past year. The company is forecast to post earnings per share of CN¥1.79 for next year compared to CN¥1.51 last year. Announcement • Jun 30
Sany Renewable Energy Co.,Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Sany Renewable Energy Co.,Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Declared Dividend • Jun 12
Dividend increased to CN¥0.60 Dividend of CN¥0.60 is 1.7% higher than last year. Ex-date: 16th June 2025 Payment date: 16th June 2025 Dividend yield will be 2.5%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 18% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 102% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 02
First quarter 2025 earnings released: CN¥0.16 loss per share (vs CN¥0.22 profit in 1Q 2024) First quarter 2025 results: CN¥0.16 loss per share (down from CN¥0.22 profit in 1Q 2024). Revenue: CN¥2.19b (up 27% from 1Q 2024). Net loss: CN¥191.3m (down 172% from profit in 1Q 2024). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Announcement • Apr 29
Sany Renewable Energy Co.,Ltd., Annual General Meeting, May 23, 2025 Sany Renewable Energy Co.,Ltd., Annual General Meeting, May 23, 2025, at 15:00 China Standard Time. Announcement • Mar 28
Sany Renewable Energy Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Sany Renewable Energy Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Reported Earnings • Mar 02
Full year 2024 earnings released: EPS: CN¥1.54 (vs CN¥1.68 in FY 2023) Full year 2024 results: EPS: CN¥1.54 (down from CN¥1.68 in FY 2023). Revenue: CN¥18.1b (up 21% from FY 2023). Net income: CN¥1.86b (down 7.5% from FY 2023). Profit margin: 10% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in China. Announcement • Dec 27
Sany Renewable Energy Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Sany Renewable Energy Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Price Target Changed • Nov 30
Price target increased by 9.2% to CN¥35.64 Up from CN¥32.64, the current price target is an average from 3 analysts. New target price is 6.4% above last closing price of CN¥33.51. Stock is up 14% over the past year. The company is forecast to post earnings per share of CN¥1.67 for next year compared to CN¥1.68 last year. Major Estimate Revision • Nov 15
Consensus EPS estimates fall by 28%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥18.4b to CN¥19.7b. EPS estimate fell from CN¥1.87 to CN¥1.35 per share. Net income forecast to grow 49% next year vs 45% growth forecast for Electrical industry in China. Consensus price target of CN¥30.82 unchanged from last update. Share price fell 4.8% to CN¥28.26 over the past week. Reported Earnings • Oct 31
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CN¥0.21 (up from CN¥0.18 in 3Q 2023). Revenue: CN¥3.79b (up 5.9% from 3Q 2023). Net income: CN¥251.3m (up 18% from 3Q 2023). Profit margin: 6.6% (up from 6.0% in 3Q 2023). Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) also missed analyst estimates by 45%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥25.54, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Electrical industry in China. Total loss to shareholders of 14% over the past year. Announcement • Oct 02
SANY Renewable Energy Showcases Green Innovation At Windenergy Hamburg SANY Renewable Energy (SANY RE) successfully showcased the comprehensive development of its latest product technologies at WindEnergy Hamburg 2024, a premier global event for the wind energy sector, reaffirming its unwavering commitment to sustainable development and green energy solutions. At the forefront of innovation, SANY RE introduced two newly launched SI-18580 and SI-17578 wind turbines, tailored specifically for the European market. These models are designed to enhance power output and operational stability while adhering to stringent European standards for materials and safety. Additionally, SANY RE offers tailored onshore wind energy solutions, from turbine selection to intelligent operational management, enhancing efficiency and reliability. In a significant advancement, SANY RE proudly announced the establishment of the wind power testing center. Equipped with cutting-edge multi-dimensional test systems, this facility can replicate extreme weather conditions and complex environments. By setting a new standard in quality control and testing efficiency, the center supports R&D efforts and the mass production of innovative products, solidifying SANY RE's position at the forefront of global wind power technology. Further enhancing its technological leadership, SANY RE revealed that its new 140-meter hybrid tower, designed for its 10MW model on the 919 platform, has received design evaluation conformity statement from TUV NORD. This hybrid tower establishes new standards in structural design excellence and environmental sustainability, crucial for navigating the stringent regulatory landscapes of markets like Europe. In addition to these advancements, SANY RE showcased its cutting-edge 131-meter blade, one of the longest in the onhore wind industry. This blade exemplifies SANY's commitment to innovation, featuring advanced aerodynamic designs and materials that enhance performance and durability. Notably, the integration of carbon fiber spar caps significantly improves stability, while a customized lightning protection system ensures operational safety. This comprehensive approach reinforces SANY RE's leadership in pushing the boundaries of wind power technology. During WindEnergy Hamburg 2024, SANY RE also hosted an ESG panel on sustainable development, bringing together industry representatives from GWEC and PwC to discuss recent strides in low-carbon sustainable development. Announcement • Sep 30
Sany Renewable Energy Co.,Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Sany Renewable Energy Co.,Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to CN¥28.85, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Electrical industry in China. Total loss to shareholders of 1.7% over the past year. Price Target Changed • Sep 03
Price target decreased by 8.0% to CN¥30.82 Down from CN¥33.50, the current price target is an average from 3 analysts. New target price is 31% above last closing price of CN¥23.60. Stock is down 24% over the past year. The company is forecast to post earnings per share of CN¥1.89 for next year compared to CN¥1.68 last year. New Risk • Jul 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% 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 (98% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Announcement • Jun 29
Sany Renewable Energy Co.,Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Sany Renewable Energy Co.,Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Reported Earnings • May 01
First quarter 2024 earnings released: EPS: CN¥0.22 (vs CN¥0.41 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.22 (down from CN¥0.41 in 1Q 2023). Revenue: CN¥1.73b (up 11% from 1Q 2023). Net income: CN¥265.8m (down 45% from 1Q 2023). Profit margin: 15% (down from 31% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China. Announcement • May 01
Sany Renewable Energy Co.,Ltd., Annual General Meeting, May 20, 2024 Sany Renewable Energy Co.,Ltd., Annual General Meeting, May 20, 2024, at 15:00 China Standard Time. Location: Building 1, Sany Industrial Park, Liliu Road, Nankou Town, Changping District, Beijing China Announcement • Mar 29
Sany Renewable Energy Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Sany Renewable Energy Co.,Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Reported Earnings • Feb 27
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: CN¥1.68 (up from CN¥1.52 in FY 2022). Revenue: CN¥14.9b (up 21% from FY 2022). Net income: CN¥2.00b (up 22% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates by 2.4%. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electrical industry in China. Announcement • Feb 09
CNNP Rich Energy Corporation Limited agreed to acquire Tongyu Xiangtong New Energy Co., Ltd. from Sany Heavy Energy Co., Ltd. (SHSE:688349) for approximately CNY 290 million. CNNP Rich Energy Corporation Limited agreed to acquire Tongyu Xiangtong New Energy Co., Ltd. from Sany Heavy Energy Co., Ltd. (SHSE:688349) for approximately CNY 290 million on February 6, 2024. Tongyu Xiangtong New Energy Co., Ltd. reported Total assets worth CNY 68.3 million, EBIT of CNY 16.7 million, Net Income of CNY 10.3 million and Total Common equity of CNY 227. 1 million on September 30, 2023. The transaction has been approved by board of Sany Heavy Energy on February 6, 2024. Announcement • Jan 19
Sany Heavy Energy Co., Ltd. (SHSE:688349) announces an Equity Buyback for CNY 200 million worth of its shares. Sany Heavy Energy Co., Ltd. (SHSE:688349) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 33 per share. The repurchased shares will be used for the implementation of ESOP or equity incentive plan. The program will be valid for 12 months. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.36 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.18 (down from CN¥0.36 in 3Q 2022). Revenue: CN¥3.58b (down 13% from 3Q 2022). Net income: CN¥213.8m (down 50% from 3Q 2022). Profit margin: 6.0% (down from 10% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Reported Earnings • May 02
First quarter 2023 earnings released: EPS: CN¥0.41 (vs CN¥0.60 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.41 (down from CN¥0.60 in 1Q 2022). Revenue: CN¥1.56b (down 24% from 1Q 2022). Net income: CN¥482.5m (down 19% from 1Q 2022). Profit margin: 31% (up from 29% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 44% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electrical industry in China. Reported Earnings • Mar 01
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: CN¥1.49. Revenue: CN¥12.2b (up 20% from FY 2021). Net income: CN¥1.61b (up 1.3% from FY 2021). Profit margin: 13% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 4.0%. Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 28% growth forecast for the Electrical industry in China. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥33.79, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 21x in the Electrical industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥17.07 per share. 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). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥35.10, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 21x in the Electrical industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.12 per share. Reported Earnings • Oct 31
Third quarter 2022 earnings released: EPS: CN¥0.21 (vs CN¥0.25 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.21 (down from CN¥0.25 in 3Q 2021). Revenue: CN¥2.26b (up 36% from 3Q 2021). Net income: CN¥245.4m (flat on 3Q 2021). Profit margin: 11% (down from 15% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Electrical industry in China. Reported Earnings • Sep 02
Second quarter 2022 earnings released Second quarter 2022 results: EPS: CN¥0.20. Net income: CN¥201.1m (up CN¥201.1m from 2Q 2021). Over the next year, revenue is forecast to grow 38%, compared to a 54% growth forecast for the Electrical industry in China. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥39.14, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 24x in the Electrical industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥24.53 per share. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥46.37, the stock trades at a trailing P/E ratio of 32x. Average trailing P/E is 38x in the Electrical industry in China.