Ankündigung • Jun 30
Top Resource Energy Co., Ltd. to Report First Half, 2026 Results on Aug 21, 2026 Top Resource Energy Co., Ltd. announced that they will report first half, 2026 results on Aug 21, 2026 Ankündigung • Apr 24
Top Resource Energy Co., Ltd., Annual General Meeting, May 19, 2026 Top Resource Energy Co., Ltd., Annual General Meeting, May 19, 2026, at 15:00 China Standard Time. Location: 22A, Tower B, Jia No. 6, Chaoyangmenwai Avenue, Chaoyang District, Beijing China Reported Earnings • Apr 24
First quarter 2026 earnings released: EPS: CN¥0.031 (vs CN¥0.071 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.031 (down from CN¥0.071 in 1Q 2025). Revenue: CN¥750.0m (down 20% from 1Q 2025). Net income: CN¥26.7m (down 57% from 1Q 2025). Profit margin: 3.6% (down from 6.6% in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Ankündigung • Mar 31
Top Resource Energy Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Top Resource Energy Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 New Risk • Mar 08
New major risk - Revenue and earnings growth Earnings have declined by 0.4% 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 Risk Earnings have declined by 0.4% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Large one-off items impacting financial results. New Risk • Mar 03
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 7.6% 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 (7.6% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to CN¥7.24, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 15x in the Gas Utilities industry in China. Total loss to shareholders of 38% over the past three years. Ankündigung • Dec 31
Top Resource Energy Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026 Top Resource Energy Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026 Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥5.54, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Gas Utilities industry in China. Total loss to shareholders of 57% over the past three years. Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: CN¥0.031 (vs CN¥0.038 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.031 (down from CN¥0.038 in 3Q 2024). Revenue: CN¥569.1m (down 44% from 3Q 2024). Net income: CN¥26.7m (down 11% from 3Q 2024). Profit margin: 4.7% (up from 3.0% in 3Q 2024). Revenue is forecast to grow 44% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Gas Utilities industry in China. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥6.89, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Gas Utilities industry in China. Total loss to shareholders of 43% over the past three years. Ankündigung • Sep 30
Top Resource Energy Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025 Top Resource Energy Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025 Reported Earnings • Aug 24
Second quarter 2025 earnings released: EPS: CN¥0.008 (vs CN¥0.039 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.008 (down from CN¥0.039 in 2Q 2024). Revenue: CN¥436.8m (down 50% from 2Q 2024). Net income: CN¥7.24m (down 78% from 2Q 2024). Profit margin: 1.7% (down from 3.8% in 2Q 2024). Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Gas Utilities industry in China. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Ankündigung • Jul 02
Top Resource Energy Co., Ltd. to Report First Half, 2025 Results on Aug 22, 2025 Top Resource Energy Co., Ltd. announced that they will report first half, 2025 results on Aug 22, 2025 Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥5.56, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Gas Utilities industry in China. Total loss to shareholders of 47% over the past three years. Buy Or Sell Opportunity • Apr 29
Now 21% overvalued Over the last 90 days, the stock has fallen 8.9% to CN¥4.41. The fair value is estimated to be CN¥3.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 33%. Revenue is forecast to grow by 54% in 2 years. Earnings are forecast to grow by 164% in the next 2 years. Ankündigung • Apr 29
Top Resource Energy Co., Ltd., Annual General Meeting, May 22, 2025 Top Resource Energy Co., Ltd., Annual General Meeting, May 22, 2025, at 15:00 China Standard Time. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥4.11, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Gas Utilities industry in China. Total loss to shareholders of 49% over the past three years. Ankündigung • Mar 31
Top Resource Energy Co., Ltd. to Report Q1, 2025 Results on Apr 23, 2025 Top Resource Energy Co., Ltd. announced that they will report Q1, 2025 results on Apr 23, 2025 Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥4.87, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Gas Utilities industry in China. Total loss to shareholders of 51% over the past three years. Ankündigung • Dec 31
Top Resource Energy Co., Ltd. to Report Fiscal Year 2024 Results on Apr 23, 2025 Top Resource Energy Co., Ltd. announced that they will report fiscal year 2024 results on Apr 23, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.038 (vs CN¥0.077 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.038 (down from CN¥0.077 in 3Q 2023). Revenue: CN¥1.01b (down 10% from 3Q 2023). Net income: CN¥30.0m (down 55% from 3Q 2023). Profit margin: 3.0% (down from 6.0% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Gas Utilities industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 18% per year. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥5.60, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Gas Utilities industry in China. Total loss to shareholders of 26% over the past three years. Ankündigung • Sep 30
Top Resource Energy Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Top Resource Energy Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥5.22, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Gas Utilities industry in China. Total loss to shareholders of 36% over the past three years. Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: CN¥0.039 (vs CN¥0.042 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.039 (down from CN¥0.042 in 2Q 2023). Revenue: CN¥867.2m (up 14% from 2Q 2023). Net income: CN¥32.9m (down 9.3% from 2Q 2023). Profit margin: 3.8% (down from 4.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Gas Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Ankündigung • Jun 29
Top Resource Energy Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024 Top Resource Energy Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024 Declared Dividend • Jun 27
Dividend reduced to CN¥0.056 Dividend of CN¥0.056 is 34% lower than last year. Ex-date: 1st July 2024 Payment date: 1st July 2024 Dividend yield will be 1.1%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 6.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 221% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • Jun 26
Top Resource Energy Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 01 July 2024 Top Resource Energy Co., Ltd. announced final cash dividend of CNY 0.55999900 per 10 shares on A shares (tax included) for the year 2023. Record date: 28 June 2024, Ex-date: 01 July 2024 and Payment date: 01 July 2024. Ankündigung • Apr 24
Top Resource Energy Co., Ltd., Annual General Meeting, May 28, 2024 Top Resource Energy Co., Ltd., Annual General Meeting, May 28, 2024, at 15:00 China Standard Time. Location: 22A, Tower B, Jia No. 6, Chaoyangmenwai Avenue, Chaoyang District, Beijing China New Risk • Apr 24
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: 2.4% Last year net profit margin: 10% 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. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.4% net profit margin). Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: CN¥0.084 (vs CN¥0.24 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.084 (down from CN¥0.24 in 1Q 2023). Revenue: CN¥1.15b (down 11% from 1Q 2023). Net income: CN¥68.7m (down 66% from 1Q 2023). Profit margin: 5.9% (down from 16% in 1Q 2023). Revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Gas Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Ankündigung • Mar 30
Top Resource Energy Co., Ltd. to Report Q1, 2024 Results on Apr 24, 2024 Top Resource Energy Co., Ltd. announced that they will report Q1, 2024 results on Apr 24, 2024 Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥7.37, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Gas Utilities industry in China. Total returns to shareholders of 72% over the past three years. Ankündigung • Dec 30
Top Resource Energy Co., Ltd. to Report Fiscal Year 2023 Results on Apr 24, 2024 Top Resource Energy Co., Ltd. announced that they will report fiscal year 2023 results on Apr 24, 2024 Price Target Changed • Nov 10
Price target decreased by 13% to CN¥11.00 Down from CN¥12.66, the current price target is provided by 1 analyst. New target price is 20% above last closing price of CN¥9.16. Stock is down 31% over the past year. The company is forecast to post earnings per share of CN¥0.68 for next year compared to CN¥0.42 last year. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.077 (vs CN¥0.07 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.077 (up from CN¥0.07 in 3Q 2022). Revenue: CN¥1.13b (up 31% from 3Q 2022). Net income: CN¥67.2m (up 12% from 3Q 2022). Profit margin: 6.0% (down from 7.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Gas Utilities 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 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 23
Second quarter 2023 earnings released: EPS: CN¥0.042 (vs CN¥0.085 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.042 (down from CN¥0.085 in 2Q 2022). Revenue: CN¥757.9m (down 10.0% from 2Q 2022). Net income: CN¥36.3m (down 49% from 2Q 2022). Profit margin: 4.8% (down from 8.5% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Gas Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Ankündigung • May 18
Top Resource Conservation & Environment Corp. Approves Cash Dividend for 2022 Top Resource Conservation & Environment Corp. at its AGM held on May 16, 2023, approved cash dividend of CNY 0.85000000 per 10 shares (tax included) for 2022. Ankündigung • May 06
Top Resource Conservation & Environment Corp. Appoints Cui Kai as Independent Director Top Resource Conservation & Environment Corp. at its Extraordinary General Meeting held on 28 April 2023, approved the appointment of Cui Kai as independent director. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.24 (vs CN¥0.15 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.24 (up from CN¥0.15 in 1Q 2022). Revenue: CN¥1.30b (up 53% from 1Q 2022). Net income: CN¥203.7m (up 54% from 1Q 2022). Profit margin: 16% (in line with 1Q 2022). Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Gas Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Min Guo was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: CN¥0.07 (vs CN¥0.014 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.07 (up from CN¥0.014 in 3Q 2021). Revenue: CN¥860.8m (up 123% from 3Q 2021). Net income: CN¥60.1m (up 414% from 3Q 2021). Profit margin: 7.0% (up from 3.0% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.085 (vs CN¥0.037 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.085 (up from CN¥0.037 in 2Q 2021). Revenue: CN¥842.1m (up 114% from 2Q 2021). Net income: CN¥71.4m (up 126% from 2Q 2021). Profit margin: 8.5% (up from 8.0% in 2Q 2021). The increase in margin was driven by higher revenue. 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 48% per year, which means it is significantly lagging earnings growth. Ankündigung • May 28
Top Resource Conservation & Environment Corp. Announces Final Cash Dividend on A Shares for the Year 2021, Payable on 02 June 2022 Top Resource Conservation & Environment Corp. announced final cash dividend/10 shares (tax included) (A shares): CNY 0.47999600 for the year 2021. Record date: 01 June 2022. Ex-date: 02 June 2022. Payment date: 02 June 2022. Ankündigung • May 27
Top Resource Conservation & Environment Corp. Elects Yan Bing as A Director Top Resource Conservation & Environment Corp. at the Extraordinary General Meeting held on 25 May 2022, approved election of Yan Bing as a director. Ankündigung • May 20
Top Resource Conservation & Environment Corp. Approves Cash Dividend for 2021 Top Resource Conservation & Environment Corp. at its AGM held on May 18, 2022, approved cash dividend of CNY 0.48000000 per 10 shares (tax included) for 2021. Ankündigung • Apr 28
Top Resource Conservation & Environment Corp. Proposes Profit Distribution for 2021 Top Resource Conservation & Environment Corp. announced profit distribution proposal for 2021 as final Cash dividend/10 shares (tax included): CNY 0.48000000. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.009 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.15 (up from CN¥0.009 in 1Q 2021). Revenue: CN¥850.1m (up 141% from 1Q 2021). Net income: CN¥132.4m (up CN¥124.5m from 1Q 2021). Profit margin: 16% (up from 2.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Director Fangmin Wang was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Apr 19
Top Resource Conservation & Environment Corp. to Report Fiscal Year 2021 Final Results on Apr 27, 2022 Top Resource Conservation & Environment Corp. announced that they will report fiscal year 2021 final results on Apr 27, 2022 Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.014 (vs CN¥0.003 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥386.0m (up 21% from 3Q 2020). Net income: CN¥11.7m (up CN¥14.2m from 3Q 2020). Profit margin: 3.0% (up from net loss in 3Q 2020). 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 35% per year, which means it is well ahead of earnings. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.037 (vs CN¥0.059 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥393.1m (up 11% from 2Q 2020). Net income: CN¥31.6m (down 39% from 2Q 2020). Profit margin: 8.0% (down from 15% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Ankündigung • Apr 27
Top Resource Conservation & Environment Corp. Proposes Final Dividend for 2021 Top Resource Conservation & Environment Corp. announced on 26 April 2021 the profit distribution proposal for 2020 as follows: Cash dividend/10 shares (tax included): CNY 0.13000000. Reported Earnings • Apr 25
Full year 2020 earnings released: EPS CN¥0.06 (vs CN¥0.05 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥1.69b (down 6.3% from FY 2019). Net income: CN¥55.8m (up 18% from FY 2019). Profit margin: 3.3% (up from 2.6% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Ankündigung • Feb 23
Top Resource Conservation & Environment Corp. Announces Election of Wang Fangmin as Director At the Extraordinary General Meeting Held on February 19, 2021 Top Resource Conservation & Environment Corp. announced election of Wang Fangmin as a director at the Extraordinary General Meeting held on February 19, 2021. Is New 90 Day High Low • Jan 27
New 90-day low: CN¥4.54 The company is down 25% from its price of CN¥6.04 on 29 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 8.0% over the same period. Is New 90 Day High Low • Jan 06
New 90-day low: CN¥4.61 The company is down 20% from its price of CN¥5.74 on 30 September 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 12
New 90-day low: CN¥4.96 The company is down 6.0% from its price of CN¥5.27 on 11 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 4.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥34.6m, down 66% from the prior year. Total revenue was CN¥1.70b over the last 12 months, down 10% from the prior year. Ankündigung • Jul 18
Top Resource Conservation & Environment Corp. to Report First Half, 2020 Results on Aug 04, 2020 Top Resource Conservation & Environment Corp. announced that they will report first half, 2020 results on Aug 04, 2020