Board Change • Jun 03
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Shizheng Qian was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • May 25
Dividend of CN¥0.80 announced Shareholders will receive a dividend of CN¥0.80. Ex-date: 29th May 2026 Payment date: 29th May 2026 Dividend yield will be 2.6%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 47% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 56% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Apr 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 8.0% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change). Announcement • Mar 31
Henan Shenhuo Coal Industry and Electricity Power Co. Ltd to Report Q1, 2026 Results on Apr 14, 2026 Henan Shenhuo Coal Industry and Electricity Power Co. Ltd announced that they will report Q1, 2026 results on Apr 14, 2026 Major Estimate Revision • Mar 30
Consensus EPS estimates increase by 47% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from CN¥43.0b to CN¥46.5b. EPS estimate increased from CN¥2.68 to CN¥3.94 per share. Net income forecast to grow 120% next year vs 48% growth forecast for Metals and Mining industry in China. Consensus price target up from CN¥30.42 to CN¥39.10. Share price rose 6.1% to CN¥31.80 over the past week. Reported Earnings • Mar 24
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: CN¥1.81 (down from CN¥1.94 in FY 2024). Revenue: CN¥41.2b (up 7.5% from FY 2024). Net income: CN¥4.01b (down 7.0% from FY 2024). Profit margin: 9.7% (down from 11% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Announcement • Mar 23
Henan Shenhuo Coal Industry and Electricity Power Co. Ltd, Annual General Meeting, Apr 14, 2026 Henan Shenhuo Coal Industry and Electricity Power Co. Ltd, Annual General Meeting, Apr 14, 2026, at 14:30 China Standard Time. Location: 9F, Building 2, No. 369, North Section of East Ring Road, Dongcheng District, Yongcheng, Henan China Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥31.75, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 22x in the Metals and Mining industry in China. Total returns to shareholders of 102% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥48.66 per share. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥35.88, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 26x in the Metals and Mining industry in China. Total returns to shareholders of 132% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥48.12 per share. Announcement • Dec 31
Henan Shenhuo Coal Industry and Electricity Power Co. Ltd to Report Fiscal Year 2025 Results on Mar 24, 2026 Henan Shenhuo Coal Industry and Electricity Power Co. Ltd announced that they will report fiscal year 2025 results on Mar 24, 2026 Reported Earnings • Oct 22
Third quarter 2025 earnings released: EPS: CN¥0.71 (vs CN¥0.56 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.71 (up from CN¥0.56 in 3Q 2024). Revenue: CN¥10.6b (up 4.8% from 3Q 2024). Net income: CN¥1.59b (up 26% from 3Q 2024). Profit margin: 15% (up from 12% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Price Target Changed • Oct 21
Price target increased by 19% to CN¥28.35 Up from CN¥23.83, the current price target is an average from 3 analysts. New target price is 21% above last closing price of CN¥23.36. Stock is up 25% over the past year. The company is forecast to post earnings per share of CN¥2.30 for next year compared to CN¥1.94 last year. Announcement • Sep 30
Henan Shenhuo Coal Industry and Electricity Power Co. Ltd to Report Q3, 2025 Results on Oct 21, 2025 Henan Shenhuo Coal Industry and Electricity Power Co. Ltd announced that they will report Q3, 2025 results on Oct 21, 2025 Price Target Changed • Aug 20
Price target increased by 10% to CN¥24.05 Up from CN¥21.77, the current price target is an average from 2 analysts. New target price is 26% above last closing price of CN¥19.13. Stock is up 21% over the past year. The company is forecast to post earnings per share of CN¥2.47 for next year compared to CN¥1.94 last year. Reported Earnings • Aug 19
Second quarter 2025 earnings released: EPS: CN¥0.54 (vs CN¥0.53 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.54 (up from CN¥0.53 in 2Q 2024). Revenue: CN¥10.8b (up 8.0% from 2Q 2024). Net income: CN¥1.20b (flat on 2Q 2024). Profit margin: 11% (in line with 2Q 2024). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Jul 02
Henan Shenhuo Coal Industry and Electricity Power Co. Ltd to Report First Half, 2025 Results on Aug 19, 2025 Henan Shenhuo Coal Industry and Electricity Power Co. Ltd announced that they will report first half, 2025 results on Aug 19, 2025 Declared Dividend • May 12
Dividend of CN¥0.50 announced Shareholders will receive a dividend of CN¥0.50. Ex-date: 16th May 2025 Payment date: 16th May 2025 Dividend yield will be 4.7%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 59% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 59% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 22
Henan Shenhuo Coal Industry and Electricity Power Co. Ltd Approves Profit Distribution Plan for 2024 Henan Shenhuo Coal Industry and Electricity Power Co. Ltd. at the Annual General Meeting of 2024 on 18 April 2025 approved 2024 profit distribution plan. Cash dividend per 10 shares (tax included) of CNY 5.00000000. New Risk • Apr 22
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: 9.9% Last year net profit margin: 15% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (9.9% net profit margin). Announcement • Mar 31
Henan Shenhuo Coal Industry and Electricity Power Co. Ltd to Report Q1, 2025 Results on Apr 22, 2025 Henan Shenhuo Coal Industry and Electricity Power Co. Ltd announced that they will report Q1, 2025 results on Apr 22, 2025 New Risk • Mar 26
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 46% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (46% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Mar 26
Henan Shenhuo Coal Industry and Electricity Power Co. Ltd Proposes Final Cash Dividend for the Year 2024 Henan Shenhuo Coal Industry and Electricity Power Co. Ltd. announced on 25 March 2025 the profit distribution proposal for the year 2024 as final cash dividend/10 shares (tax included) of CNY 5.00000000. Reported Earnings • Mar 25
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥1.93 (down from CN¥2.65 in FY 2023). Revenue: CN¥38.4b (up 2.0% from FY 2023). Net income: CN¥4.31b (down 27% from FY 2023). Profit margin: 11% (down from 16% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 7.3%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Metals and Mining 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 10% per year, which means it is well ahead of earnings. Announcement • Mar 25
Henan Shenhuo Coal Industry and Electricity Power Co. Ltd, Annual General Meeting, Apr 18, 2025 Henan Shenhuo Coal Industry and Electricity Power Co. Ltd, Annual General Meeting, Apr 18, 2025, at 14:30 China Standard Time. Location: 9F, No. 369, North Section of Donghuan Road, Dongcheng District, Yongcheng, Henan China Announcement • Dec 31
Henan Shenhuo Coal Industry and Electricity Power Co. Ltd to Report Fiscal Year 2024 Results on Mar 25, 2025 Henan Shenhuo Coal Industry and Electricity Power Co. Ltd announced that they will report fiscal year 2024 results on Mar 25, 2025 Price Target Changed • Oct 30
Price target increased by 20% to CN¥24.00 Up from CN¥20.00, the current price target is provided by 1 analyst. New target price is 35% above last closing price of CN¥17.72. Stock is up 7.9% over the past year. The company is forecast to post earnings per share of CN¥2.20 for next year compared to CN¥2.65 last year. Announcement • Oct 23
Henan Shenhuo Coal Industry and Electricity Power Co. Ltd Proposes Cash Dividend for the Third Quarter of 2024 Henan Shenhuo Coal Industry and Electricity Power Co. Ltd. proposed cash dividend of CNY 3.00000000 per 10 shares (tax included) for the third quarter of 2024. Reported Earnings • Oct 22
Third quarter 2024 earnings released: EPS: CN¥0.56 (vs CN¥0.61 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.56 (down from CN¥0.61 in 3Q 2023). Revenue: CN¥10.1b (up 6.0% from 3Q 2023). Net income: CN¥1.25b (down 8.0% from 3Q 2023). Profit margin: 12% (down from 14% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Henan Shenhuo Coal Industry and Electricity Power Co. Ltd to Report Q3, 2024 Results on Oct 22, 2024 Henan Shenhuo Coal Industry and Electricity Power Co. Ltd announced that they will report Q3, 2024 results on Oct 22, 2024 New Risk • Sep 26
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 6.8% 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 High level of debt (43% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥16.10, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 12x in the Metals and Mining industry in China. Total returns to shareholders of 55% over the past three years. Major Estimate Revision • Aug 26
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥2.70 to CN¥2.40 per share. Revenue forecast steady at CN¥38.6b. Net income forecast to grow 9.4% next year vs 34% growth forecast for Metals and Mining industry in China. Consensus price target of CN¥23.60 unchanged from last update. Share price fell 9.1% to CN¥15.51 over the past week. New Risk • Aug 21
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 41% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (41% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 20
Second quarter 2024 earnings released: EPS: CN¥0.53 (vs CN¥0.53 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.53 (up from CN¥0.53 in 2Q 2023). Revenue: CN¥10.00b (up 4.2% from 2Q 2023). Net income: CN¥1.19b (flat on 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Jun 29
Henan Shenhuo Coal Industary and Electricity Power Corporation Limited to Report First Half, 2024 Results on Aug 20, 2024 Henan Shenhuo Coal Industary and Electricity Power Corporation Limited announced that they will report first half, 2024 results on Aug 20, 2024 Declared Dividend • May 11
Dividend reduced to CN¥0.80 Dividend of CN¥0.80 is 20% lower than last year. Ex-date: 16th May 2024 Payment date: 16th May 2024 Dividend yield will be 3.4%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 39% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 11
Henan Shenhuo Coal Industary and Electricity Power Corporation Limited Implements Final Profit Distribution Plan of A Shares for 2023, Payable on 16 May 2024 Henan Shenhuo Coal Industary and Electricity Power Corporation Limited announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 8.00000000. Record date: 15 May 2024, Ex-date: 16 May 2024, Payment date: 16 May 2024. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥22.39, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 144% over the past three years. Major Estimate Revision • Apr 01
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥42.1b to CN¥39.3b. EPS estimate also fell from CN¥2.98 per share to CN¥2.67 per share. Net income forecast to grow 1.9% next year vs 35% growth forecast for Metals and Mining industry in China. Consensus price target of CN¥23.60 unchanged from last update. Share price was steady at CN¥19.90 over the past week. Announcement • Mar 30
Henan Shenhuo Coal Industary and Electricity Power Corporation Limited to Report Q1, 2024 Results on Apr 23, 2024 Henan Shenhuo Coal Industary and Electricity Power Corporation Limited announced that they will report Q1, 2024 results on Apr 23, 2024 New Risk • Mar 27
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 92% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (92% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Mar 26
Henan Shenhuo Coal Industary and Electricity Power Corporation Limited, Annual General Meeting, Apr 19, 2024 Henan Shenhuo Coal Industary and Electricity Power Corporation Limited, Annual General Meeting, Apr 19, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Yongcheng, Henan China Reported Earnings • Mar 26
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: CN¥2.65 (down from CN¥3.39 in FY 2022). Revenue: CN¥37.6b (down 12% from FY 2022). Net income: CN¥5.91b (down 22% from FY 2022). Profit margin: 16% (down from 18% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates by 4.9%. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • Dec 30
Henan Shenhuo Coal & Power Co.,Ltd to Report Fiscal Year 2023 Results on Mar 26, 2024 Henan Shenhuo Coal & Power Co.,Ltd announced that they will report fiscal year 2023 results on Mar 26, 2024 Reported Earnings • Oct 24
Third quarter 2023 earnings released: EPS: CN¥0.61 (vs CN¥0.59 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.61 (up from CN¥0.59 in 3Q 2022). Revenue: CN¥9.52b (down 9.2% from 3Q 2022). Net income: CN¥1.36b (up 3.4% from 3Q 2022). Profit margin: 14% (up from 13% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: CN¥0.53 (vs CN¥1.16 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.53 (down from CN¥1.16 in 2Q 2022). Revenue: CN¥9.59b (down 12% from 2Q 2022). Net income: CN¥1.19b (down 54% from 2Q 2022). Profit margin: 12% (down from 24% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Announcement • Jul 01
Henan Shenhuo Coal & Power Co.,Ltd to Report First Half, 2023 Results on Aug 22, 2023 Henan Shenhuo Coal & Power Co.,Ltd announced that they will report first half, 2023 results on Aug 22, 2023 Announcement • May 23
Henan Shenhuo Coal & Power Co.,Ltd Approves Management Changes Henan Shenhuo Coal & Power Co.,Ltd at its Extraordinary General Meeting held on 19 May 2023, approved election of Qin Yonghui as independent director; election of Liu Zhenying and Jiang Shikai as supervisors; and vetoed for Cui Zhenya and Wang Qi. Announcement • May 13
Henan Shenhuo Coal & Power Co.,Ltd Announces Cash Dividend for the Year 2022, Payable on 18 May 2023 Henan Shenhuo Coal & Power Co.,Ltd announced cash dividend (tax included) of CNY 10.000 per 10 shares (A shares) for the year 2022, payable on 18 May 2023. Record date is 17 May 2023 and ex-date is 18 May 2023. Reported Earnings • Mar 29
Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat Full year 2022 results: EPS: CN¥3.39 (up from CN¥1.45 in FY 2021). Revenue: CN¥42.7b (up 24% from FY 2021). Net income: CN¥7.57b (up 134% from FY 2021). Profit margin: 18% (up from 9.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥19.74, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 353% over the past three years. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Xianjun Wen was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 18
Third quarter 2022 earnings released: EPS: CN¥0.59 (vs CN¥0.37 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.59 (up from CN¥0.37 in 3Q 2021). Revenue: CN¥10.5b (up 13% from 3Q 2021). Net income: CN¥1.32b (up 58% from 3Q 2021). Profit margin: 13% (up from 9.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥19.21, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 336% over the past three years. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥1.16 (vs CN¥0.39 in 2Q 2021) Second quarter 2022 results: EPS: CN¥1.16 (up from CN¥0.39 in 2Q 2021). Revenue: CN¥10.9b (up 26% from 2Q 2021). Net income: CN¥2.59b (up 195% from 2Q 2021). Profit margin: 24% (up from 10% in 2Q 2021). Over the next year, revenue is forecast to grow 7.1%, compared to a 32% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 58% per year whereas the company’s share price has increased by 56% per year. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥16.89, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 362% over the past three years. Board Change • May 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Xianjun Wen was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥14.24, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 243% over the past three years. Announcement • May 13
Henan Shenhuo Coal & Power Co.,Ltd Proposes Final Dividend for the Year 2021, Payable on 19 May 2022 Henan Shenhuo Coal & Power Co.,Ltd proposed a final dividend (tax included) of CNY 4.5 per ten share for the year 2021. Record date is 18 May 2022. Ex-date is 19 May 2022. Payment date is 19 May 2022. Price Target Changed • May 13
Price target increased to CN¥20.72 Up from CN¥5.39, the current price target is an average from 5 analysts. New target price is 57% above last closing price of CN¥13.18. Stock is up 9.0% over the past year. The company is forecast to post earnings per share of CN¥2.62 for next year compared to CN¥1.45 last year. Announcement • Apr 21
Henan Shenhuo Coal & Power Co.,Ltd Approves Cash Dividend for the Year 2021 Henan Shenhuo Coal & Power Co.,Ltd announced that at its Annual General Meeting held on 19 April 2022, approved cash dividend/10 shares (tax included) of CNY 4.50000000 for the year 2021. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥14.70, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 16x in the Metals and Mining industry in China. Total returns to shareholders of 182% over the past three years. Reported Earnings • Mar 31
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CN¥1.46 (up from CN¥0.19 in FY 2020). Revenue: CN¥34.4b (up 83% from FY 2020). Net income: CN¥3.28b (up CN¥2.92b from FY 2020). Profit margin: 9.5% (up from 1.9% in FY 2020). The increase in margin was driven by higher revenue. Production and reserves: Coal Production: 6.537 Mt (5.591 Mt in FY 2020) Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 5.4%, compared to a 10,797% growth forecast for the mining industry in China. Over the last 3 years on average, earnings per share has increased by 41% per year whereas the company’s share price has increased by 37% per year. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥12.01, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 17x in the Metals and Mining industry in China. Total returns to shareholders of 135% over the past three years. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥12.64, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 220% over the past three years. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS CN¥0.37 (vs CN¥0.15 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥9.31b (up 63% from 3Q 2020). Net income: CN¥836.2m (up 199% from 3Q 2020). Profit margin: 9.0% (up from 4.9% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 34% per year. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 22% share price decline to CN¥12.74, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 19x in the Metals and Mining industry in China. Total returns to shareholders of 168% over the past three years. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥15.42, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 21x in the Metals and Mining industry in China. Total returns to shareholders of 237% over the past three years. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improved over the past week After last week's 25% share price gain to CN¥12.86, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 21x in the Metals and Mining industry in China. Total returns to shareholders of 191% over the past three years. Reported Earnings • Aug 10
Second quarter 2021 earnings released: EPS CN¥0.39 (vs CN¥0.09 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥8.68b (up 70% from 2Q 2020). Net income: CN¥877.3m (up 406% from 2Q 2020). Profit margin: 10% (up from 3.4% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 14
Upcoming dividend of CN¥0.10 per share Eligible shareholders must have bought the stock before 21 June 2021. Payment date: 21 June 2021. Trailing yield: 0.8%. Lower than top quartile of Chinese dividend payers (1.8%). Lower than average of industry peers (1.8%). Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 26% share price gain to CN¥13.97, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 117% over the past three years. Reported Earnings • Apr 06
Full year 2020 earnings released: EPS CN¥0.19 (vs CN¥0.48 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥18.8b (up 7.5% from FY 2019). Net income: CN¥358.3m (down 61% from FY 2019). Profit margin: 1.9% (down from 5.3% in FY 2019). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Feb 24
Henan Shenhuo Coal & Power Co.,Ltd to Report Fiscal Year 2020 Results on Apr 06, 2021 Henan Shenhuo Coal & Power Co.,Ltd announced that they will report fiscal year 2020 results on Apr 06, 2021 Is New 90 Day High Low • Feb 20
New 90-day high: CN¥9.01 The company is up 14% from its price of CN¥7.93 on 20 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.93 per share. Is New 90 Day High Low • Nov 09
New 90-day high: CN¥5.90 The company is up 16% from its price of CN¥5.10 on 11 August 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.79 per share. Reported Earnings • Oct 26
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥1.09b, with earnings decreasing by CN¥3.47b from the prior year. Total revenue was CN¥18.6b over the last 12 months, up 6.2% from the prior year. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥1.11b, with earnings decreasing by CN¥3.50b from the prior year. Total revenue was CN¥18.6b over the last 12 months, up 6.2% from the prior year. Announcement • Oct 16
Henan Shenhuo Coal & Power Co.,Ltd to Report Q3, 2020 Results on Oct 23, 2020 Henan Shenhuo Coal & Power Co.,Ltd announced that they will report Q3, 2020 results on Oct 23, 2020 Is New 90 Day High Low • Oct 04
New 90-day low: CN¥4.62 The company is down 6.0% from its price of CN¥4.90 on 06 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.71 per share. Announcement • Aug 20
Henan Shenhuo Coal & Power Co.,Ltd (SZSE:000933) signed an agreement to acquire 36% in Guangxi Longzhou Xinxiang Ecological Aluminum Co., Ltd. from Hangzhou Jinjiang Group Co., Ltd. for nil consideration. Henan Shenhuo Coal & Power Co.,Ltd (SZSE:000933) signed an agreement to acquire 36% in Guangxi Longzhou Xinxiang Ecological Aluminum Co., Ltd. from Hangzhou Jinjiang Group Co., Ltd. for nil consideration on July 23, 2020. As per the terms, Henan Shenhuo Coal & Power Co.,Ltd will participate in Guangxi Longzhou Xinxiang Ecological Aluminum Co., Ltd. and receive rights and obligations corresponding to the contribution of CNY 441 million. For the year ended December 31, 2019, Guangxi Longzhou Xinxiang Ecological Aluminum Co., Ltd. reported total assets of CNY 206.4 million, net assets of CNY 181.1 million and nil revenues, operating and net profits. The Board of Directors of Henan Shenhuo Coal & Power Co.,Ltd approved the deal on August 14, 2020. Announcement • Jul 23
Henan Shenhuo Coal & Power Co.,Ltd to Report First Half, 2020 Results on Aug 18, 2020 Henan Shenhuo Coal & Power Co.,Ltd announced that they will report first half, 2020 results on Aug 18, 2020 
