Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥5.74, the stock trades at a trailing P/E ratio of 36.3x. Average trailing P/E is 20x in the Renewable Energy industry in China. Total loss to shareholders of 24% over the past three years. Annonce • Jul 01
Guangdong Electric Power Development Co., Ltd. to Report First Half, 2026 Results on Aug 26, 2026 Guangdong Electric Power Development Co., Ltd. announced that they will report first half, 2026 results on Aug 26, 2026 Annonce • Jun 09
Guangdong Electric Power Development Co., Ltd. Approves Cash Dividend for the Year 2025 Guangdong Electric Power Development Co., Ltd. at its Annual General Meeting of 2025 held on 05 June 2026 approved the detailed profit distribution plan as follows: Cash dividend per ten shares (tax included): CNY 0.20000000 for 2025. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥9.40, the stock trades at a trailing P/E ratio of 59.4x. Average trailing P/E is 26x in the Renewable Energy industry in China. Total returns to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥6.45, the stock trades at a trailing P/E ratio of 40.7x. Average trailing P/E is 25x in the Renewable Energy industry in China. Total loss to shareholders of 3.5% over the past three years. Reported Earnings • Apr 30
First quarter 2026 earnings released: CN¥0.029 loss per share (vs CN¥0.073 loss in 1Q 2025) First quarter 2026 results: CN¥0.029 loss per share (improved from CN¥0.073 loss in 1Q 2025). Revenue: CN¥11.4b (up 7.4% from 1Q 2025). Net loss: CN¥151.7m (loss narrowed 60% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Annonce • Apr 30
Guangdong Electric Power Development Co., Ltd., Annual General Meeting, Jun 05, 2026 Guangdong Electric Power Development Co., Ltd., Annual General Meeting, Jun 05, 2026, at 14:30 China Standard Time. Location: 33F, South Tower, No. 2, Tianhe East Road, Guangzhou, Guangdong China Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥6.55, the stock trades at a trailing P/E ratio of 57.3x. Average trailing P/E is 22x in the Renewable Energy industry in China. Total returns to shareholders of 5.8% over the past three years. New Risk • Mar 31
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 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Profit margins are more than 30% lower than last year (1.2% net profit margin). Annonce • Mar 31
Guangdong Electric Power Development Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Guangdong Electric Power Development Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Mar 31
Full year 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.18 in FY 2024) Full year 2025 results: EPS: CN¥0.11 (down from CN¥0.18 in FY 2024). Revenue: CN¥51.5b (down 9.8% from FY 2024). Net income: CN¥599.9m (down 38% from FY 2024). Profit margin: 1.2% (down from 1.7% in FY 2024). The decrease in margin was driven by lower 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 2% per year, which means it is significantly lagging earnings growth. Annonce • Dec 31
Guangdong Electric Power Development Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Guangdong Electric Power Development Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.11 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.10 (down from CN¥0.11 in 3Q 2024). Revenue: CN¥14.6b (down 11% from 3Q 2024). Net income: CN¥551.5m (down 2.2% from 3Q 2024). Profit margin: 3.8% (up from 3.4% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Annonce • Sep 30
Guangdong Electric Power Development Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Guangdong Electric Power Development Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Sep 02
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 112% The company is paying a dividend despite having no free cash flows. Dividend yield: 0.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 112% Paying a dividend despite having no free cash flows. Earnings have declined by 0.4% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (0.2% net profit margin). Reported Earnings • Aug 28
Second quarter 2025 earnings released: EPS: CN¥0.08 (vs CN¥0.15 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.08 (down from CN¥0.15 in 2Q 2024). Revenue: CN¥12.6b (down 5.4% from 2Q 2024). Net income: CN¥415.4m (down 47% from 2Q 2024). Profit margin: 3.3% (down from 5.8% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Annonce • Jul 02
Guangdong Electric Power Development Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Guangdong Electric Power Development Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Declared Dividend • Jun 22
Dividend of CN¥0.02 announced Dividend of CN¥0.02 is the same as last year. Ex-date: 26th June 2025 Payment date: 26th June 2025 Dividend yield will be 0.4%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (23% 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 decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 67% over the next year, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥5.27, the stock trades at a trailing P/E ratio of 60.8x. Average trailing P/E is 19x in the Renewable Energy industry in China. Total returns to shareholders of 14% over the past three years. Reported Earnings • May 01
First quarter 2025 earnings released: CN¥0.073 loss per share (vs CN¥0.024 profit in 1Q 2024) First quarter 2025 results: CN¥0.073 loss per share (down from CN¥0.024 profit in 1Q 2024). Revenue: CN¥10.6b (down 17% from 1Q 2024). Net loss: CN¥382.9m (down 403% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annonce • Apr 30
Guangdong Electric Power Development Co., Ltd., Annual General Meeting, May 28, 2025 Guangdong Electric Power Development Co., Ltd., Annual General Meeting, May 28, 2025, at 14:30 China Standard Time. Location: 33F, South Tower, No. 2, Tianhe East Road, Guangzhou, Guangdong China Annonce • Apr 01
Guangdong Electric Power Development Co., Ltd. Proposes Final Cash Dividend for 2024 Guangdong Electric Power Development Co., Ltd. announced on 31 March 2025 the profit distribution proposal for 2024 as follows: Cash dividend/10 shares (tax included): CNY 0.20000000. Annonce • Mar 31
Guangdong Electric Power Development Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Guangdong Electric Power Development Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: CN¥0.18 (vs CN¥0.19 in FY 2023) Full year 2024 results: EPS: CN¥0.18 (down from CN¥0.19 in FY 2023). Revenue: CN¥57.2b (down 4.3% from FY 2023). Net income: CN¥964.2m (down 1.1% from FY 2023). Profit margin: 1.7% (up from 1.6% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Annonce • Dec 31
Guangdong Electric Power Development Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Guangdong Electric Power Development Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 New Risk • Nov 20
New major risk - Revenue and earnings growth Earnings have declined by 20% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings have declined by 20% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. New Risk • Nov 14
New major risk - Revenue and earnings growth Earnings have declined by 20% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings have declined by 20% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.17 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.11 (down from CN¥0.17 in 3Q 2023). Revenue: CN¥16.4b (down 2.4% from 3Q 2023). Net income: CN¥564.1m (down 35% from 3Q 2023). Profit margin: 3.4% (down from 5.2% in 3Q 2023). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Renewable Energy 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 6% per year, which means it is significantly lagging earnings growth. Annonce • Sep 30
Guangdong Electric Power Development Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Guangdong Electric Power Development 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 17% After last week's 17% share price gain to CN¥5.05, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Renewable Energy industry in China. Total loss to shareholders of 2.2% over the past three years. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.15 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.15 (up from CN¥0.15 in 2Q 2023). Revenue: CN¥13.3b (down 13% from 2Q 2023). Net income: CN¥776.7m (up 1.1% from 2Q 2023). Profit margin: 5.8% (up from 5.0% in 2Q 2023). Revenue is forecast to grow 6.4% 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 40% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annonce • Jun 29
Guangdong Electric Power Development Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Guangdong Electric Power Development Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Annonce • Jun 10
Guangdong Electric Power Development Co., Ltd. Announces Dividend on Share A for the Year 2023, Payable on June 14, 2024 Guangdong Electric Power Development Co., Ltd. announced Cash dividend/10 shares: CNY 0.20000000 on share A for the year 2023. Record date: 13 June 2024, Ex-date: 14 June 2024 and Payment date: 14 June 2024. Annonce • Jun 08
Guangdong Electric Power Development Co., Ltd. Announces Dividend on Share B for the Year 2023, Payable on June 18, 2024 Guangdong Electric Power Development Co., Ltd. announced Cash dividend/10 shares: CNY 0.20000000 on share B for the year 2023. Record date: 18 June 2024, Ex-date: 14 June 2024 and Payment date: 18 June 2024. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.024 (vs CN¥0.017 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.024 (up from CN¥0.017 in 1Q 2023). Revenue: CN¥12.8b (down 2.0% from 1Q 2023). Net income: CN¥126.3m (up 43% from 1Q 2023). Profit margin: 1.0% (up from 0.7% in 1Q 2023). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Mar 30
Guangdong Electric Power Development Co., Ltd., Annual General Meeting, Apr 26, 2024 Guangdong Electric Power Development Co., Ltd., Annual General Meeting, Apr 26, 2024, at 14:30 China Standard Time. Location: 33F, South Tower, No. 2, Tianhe East Road, Guangzhou, Guangdong China Reported Earnings • Mar 30
Full year 2023 earnings: Revenues exceed analyst expectations Full year 2023 results: Revenue: CN¥59.7b (up 13% from FY 2022). Net income: CN¥974.7m (up CN¥3.98b from FY 2022). Profit margin: 1.6% (up from net loss in FY 2022). Revenue exceeded analyst estimates by 2.9%. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Annonce • Mar 30
Guangdong Electric Power Development Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Guangdong Electric Power Development Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Board Change • Jan 05
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, 4 were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Zhanchi Wu was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annonce • Dec 29
Guangdong Electric Power Development Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 Guangdong Electric Power Development Co., Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 Annonce • Sep 20
Guangdong Electric Power Development Co., Ltd. Announces Board Appointments Guangdong Electric Power Development Co., Ltd. its 2nd Extraordinary General Meeting of 2022 on 16 September 2022, approved the election of independent directors, cumulative voting system applicable: Zhang Hanyu, Wu Zhanchi and Cai Guowei. Annonce • May 24
Guangdong Electric Power Development Co., Ltd. Omits Cash Dividend for the Year 2021 Guangdong Electric Power Development Co., Ltd. approved cash dividend of CNY 0.00000000 per 10 shares (tax included) for the year 2021. Annonce • Aug 14
An unknown buyer agreed to acquire Port assets from Guangdong Electric Power Development Co., Ltd. for CNY 2.8 billion. An unknown buyer agreed to acquire Port assets from Guangdong Electric Power Development Co., Ltd. for CNY 2.8 billion on August 13, 2021. Annonce • May 22
Guangdong Electric Power Development Co., Ltd. Approves Cash Dividend for the Year 2020 Guangdong Electric Power Development Co., Ltd. announced that at its AGM held on May 20, 2021, it approved the cash dividend/10 shares (tax included) of CNY 1.20 for the year 2020. Annonce • Feb 24
Guangdong Electric Power Development Co., Ltd. to Report Fiscal Year 2020 Results on Apr 10, 2021 Guangdong Electric Power Development Co., Ltd. announced that they will report fiscal year 2020 results on Apr 10, 2021 Annonce • Aug 12
Guangdong Electric Power Development Co., Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Guangdong Electric Power Development Co., Ltd. announced that they will report first half, 2020 results on Aug 28, 2020 
