Declared Dividend • Jun 25
Dividend increased to CN¥0.20 Dividend of CN¥0.20 is 2.5% higher than last year. Ex-date: 29th June 2026 Payment date: 29th June 2026 Dividend yield will be 2.3%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but not covered by cash flows (104% cash payout ratio). The dividend has increased by an average of 18% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • May 18
Huaneng Lancang River Hydropower Inc., Annual General Meeting, Jun 09, 2026 Huaneng Lancang River Hydropower Inc., Annual General Meeting, Jun 09, 2026, at 10:00 China Standard Time. Location: The Company's Lecture Hall, Kunming, Yunnan China Ankündigung • Mar 30
Huaneng Lancang River Hydropower Inc. to Report Q1, 2026 Results on Apr 29, 2026 Huaneng Lancang River Hydropower Inc. announced that they will report Q1, 2026 results on Apr 29, 2026 Ankündigung • Dec 26
Huaneng Lancang River Hydropower Inc. to Report Fiscal Year 2025 Results on Apr 29, 2026 Huaneng Lancang River Hydropower Inc. announced that they will report fiscal year 2025 results on Apr 29, 2026 Ankündigung • Sep 30
Huaneng Lancang River Hydropower Inc. to Report Q3, 2025 Results on Oct 31, 2025 Huaneng Lancang River Hydropower Inc. announced that they will report Q3, 2025 results on Oct 31, 2025 Ankündigung • Jun 30
Huaneng Lancang River Hydropower Inc. to Report First Half, 2025 Results on Aug 29, 2025 Huaneng Lancang River Hydropower Inc. announced that they will report first half, 2025 results on Aug 29, 2025 Ankündigung • Jun 24
Huaneng Lancang River Hydropower Inc.(SHSE:600025) dropped from Shanghai Stock Exchange 180 Value Index Huaneng Lancang River Hydropower Inc removed from Shanghai Stock Exchange 180 Value Index. Ankündigung • Apr 30
Huaneng Lancang River Hydropower Inc., Annual General Meeting, May 27, 2025 Huaneng Lancang River Hydropower Inc., Annual General Meeting, May 27, 2025, at 10:00 China Standard Time. Location: The Company's Lecture Hall, Kunming, Yunnan China Ankündigung • Mar 28
Huaneng Lancang River Hydropower Inc. to Report Q1, 2025 Results on Apr 25, 2025 Huaneng Lancang River Hydropower Inc. announced that they will report Q1, 2025 results on Apr 25, 2025 Ankündigung • Dec 27
Huaneng Lancang River Hydropower Inc. to Report Fiscal Year 2024 Results on Apr 25, 2025 Huaneng Lancang River Hydropower Inc. announced that they will report fiscal year 2024 results on Apr 25, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.16 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.16. Revenue: CN¥7.54b (down 14% from 3Q 2023). Net income: CN¥3.06b (down 14% from 3Q 2023). Profit margin: 41% (in line with 3Q 2023). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Renewable Energy industry in China. Ankündigung • Sep 30
Huaneng Lancang River Hydropower Inc. to Report Q3, 2024 Results on Oct 30, 2024 Huaneng Lancang River Hydropower Inc. announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.16 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.19 (up from CN¥0.16 in 2Q 2023). Revenue: CN¥7.46b (up 33% from 2Q 2023). Net income: CN¥3.10b (up 32% from 2Q 2023). Profit margin: 42% (in line with 2Q 2023). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Jun 28
Huaneng Lancang River Hydropower Inc. to Report First Half, 2024 Results on Aug 28, 2024 Huaneng Lancang River Hydropower Inc. announced that they will report first half, 2024 results on Aug 28, 2024 Declared Dividend • Jun 14
Dividend of CN¥0.18 announced Shareholders will receive a dividend of CN¥0.18. Ex-date: 19th June 2024 Payment date: 19th June 2024 Dividend yield will be 1.7%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (43% 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 22% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • Apr 29
Huaneng Lancang River Hydropower Inc., Annual General Meeting, May 28, 2024 Huaneng Lancang River Hydropower Inc., Annual General Meeting, May 28, 2024, at 09:30 China Standard Time. Location: The Company's Lecture Hall, Kunming, Yunnan China Ankündigung • Mar 29
Huaneng Lancang River Hydropower Inc. to Report Q1, 2024 Results on Apr 27, 2024 Huaneng Lancang River Hydropower Inc. announced that they will report Q1, 2024 results on Apr 27, 2024 Ankündigung • Feb 28
Huaneng Lancang River Hydropower Inc. announced that it expects to receive CNY 6 billion in funding Huaneng Lancang River Hydropower Inc announced a private placement to issue A shares for a gross proceeds up to RMB 6,000,000,000 on February 26, 2024. Ankündigung • Dec 29
Huaneng Lancang River Hydropower Inc. to Report Fiscal Year 2023 Results on Apr 27, 2024 Huaneng Lancang River Hydropower Inc. announced that they will report fiscal year 2023 results on Apr 27, 2024 New Risk • Dec 14
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 14% 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. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risk Dividend is not well covered by cash flows (229% cash payout ratio). Buying Opportunity • Oct 23
Now 21% undervalued Over the last 90 days, the stock is up 7.8%. The fair value is estimated to be CN¥9.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Ankündigung • Oct 11
Huaneng Lancang River Hydropower Inc. (SHSE:600025) completed the acquisition of Huaneng Sichuan Hydropower Co., Ltd. from Huaneng Power International, Inc. (SEHK:902) and China Huaneng Group Co.,Ltd. Huaneng Lancang River Hydropower Inc. (SHSE:600025) agreed to acquire Huaneng Sichuan Hydropower Co., Ltd. from Huaneng Power International, Inc. (SEHK:902) and China Huaneng Group Co.,Ltd. for CNY 8.5 billion on September 5, 2023. Huaneng Lancang River Hydropower Inc. signed a share transfer agreement to acquire Huaneng Sichuan Hydropower Co., Ltd. from Huaneng Power International, Inc. and China Huaneng Group Co.,Ltd. on September 6, 2023.
Huaneng Lancang River Hydropower Inc. (SHSE:600025) completed the acquisition of Huaneng Sichuan Hydropower Co., Ltd. from Huaneng Power International, Inc. (SEHK:902) and China Huaneng Group Co.,Ltd. on October 9, 2023. Ankündigung • Sep 08
Huaneng Lancang River Hydropower Inc. (SHSE:600025) agreed to acquire Huaneng Sichuan Hydropower Co., Ltd. from Huaneng Power International, Inc. (SEHK:902) and China Huaneng Group Co.,Ltd. for CNY 8.5 billion Huaneng Lancang River Hydropower Inc. (SHSE:600025) agreed to acquire Huaneng Sichuan Hydropower Co., Ltd. from Huaneng Power International, Inc. (SEHK:902) and China Huaneng Group Co.,Ltd. for CNY 8.5 billion on September 5, 2023. Ankündigung • Sep 07
Huaneng Lancang River Hydropower Inc. (SHSE:600025) entered into an equity transfer agreement to acquire 49% stake in Huaneng Sichuan Energy Development Co., Ltd. from Huaneng Power International, Inc. (SEHK:902) for CNY 4.2 billion. Huaneng Lancang River Hydropower Inc. (SHSE:600025) entered into an equity transfer agreement to acquire 49% stake in Huaneng Sichuan Energy Development Co., Ltd. from Huaneng Power International, Inc. (SEHK:902) for CNY 4.2 billion on September 6, 2023. As of March 31, 2023, Huaneng Sichuan Energy Development Co., Ltd. reported total assets of CNY 19.3 billion and net assets of CNY 5.5 billion. The deal has been approved by board of directors of Huaneng Power International, Inc. New Risk • Aug 26
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 96% Dividend yield: 2.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risk Dividend is not well covered by cash flows (96% cash payout ratio). Ankündigung • May 11
Huaneng Lancang River Hydropower to Buy Sichuan-Based Energy Firm Huaneng Lancang River Hydropower Inc. (SHSE:600025) said it plans to buy Sichuan-based energy firm. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 2 independent directors (5 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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.12 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.12 (in line with 3Q 2021). Revenue: CN¥5.66b (flat on 3Q 2021). Net income: CN¥2.12b (down 2.1% from 3Q 2021). Profit margin: 38% (in line with 3Q 2021). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jul 23
Second quarter 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.12 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.17 (up from CN¥0.12 in 2Q 2021). Revenue: CN¥7.19b (up 19% from 2Q 2021). Net income: CN¥3.10b (up 48% from 2Q 2021). Profit margin: 43% (up from 35% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.6%, compared to a 16% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.04 (vs CN¥0.03 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.04 (up from CN¥0.03 in 1Q 2021). Revenue: CN¥3.94b (up 2.7% from 1Q 2021). Net income: CN¥742.0m (up 23% from 1Q 2021). Profit margin: 19% (up from 16% in 1Q 2021). The increase in margin was primarily driven by higher revenue. Over the next year, revenue is forecast to grow 9.5%, compared to a 11% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Mar 04
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: CN¥0.32 (up from CN¥0.27 in FY 2020). Revenue: CN¥20.2b (up 4.9% from FY 2020). Net income: CN¥5.84b (up 21% from FY 2020). Profit margin: 29% (up from 25% in FY 2020). Revenue missed analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 5.5%, compared to a 12% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.16 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥5.66b (down 15% from 3Q 2020). Net income: CN¥2.17b (down 27% from 3Q 2020). Profit margin: 38% (down from 45% in 3Q 2020). The decrease in margin was driven by lower revenue. 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 35% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥6.40, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the Renewable Energy industry in China. Total returns to shareholders of 209% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥11.65 per share. Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥8.54, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 19x in the Renewable Energy industry in China. Total returns to shareholders of 242% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.44 per share. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥6.86, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 18x in the Renewable Energy industry in China. Total returns to shareholders of 176% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥11.59 per share. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improved over the past week After last week's 27% share price gain to CN¥5.67, the stock is trading at a trailing P/E ratio of 20.4x, up from the previous P/E ratio of 16.1x. This compares to an average P/E of 19x in the Renewable Energy industry in China. Total returns to shareholders over the past year are 62%. Is New 90 Day High Low • Feb 21
New 90-day high: CN¥4.67 The company is up 8.0% from its price of CN¥4.32 on 20 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Renewable Energy industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥6.42 per share. Is New 90 Day High Low • Nov 23
New 90-day high: CN¥4.37 The company is up 9.0% from its price of CN¥4.02 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 Renewable Energy 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¥8.16 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥5.03b, down 40% from the prior year. Total revenue was CN¥19.2b over the last 12 months, down 6.4% from the prior year. 