Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥25.80, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 21x in the Electrical industry in China. Total loss to shareholders of 9.5% over the past three years. Annuncio • Jun 30
Sineng Electric Co.,Ltd. to Report First Half, 2026 Results on Aug 27, 2026 Sineng Electric Co.,Ltd. announced that they will report first half, 2026 results on Aug 27, 2026 Annuncio • Jun 10
Sineng Electric Co.,Ltd. (SZSE:300827) announces an Equity Buyback for CNY 80 million worth of its shares. Sineng Electric Co.,Ltd. (SZSE:300827) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its shares. The repurchase price will not more than CNY 50 per Share. The repurchased shares will be used for equity incentives plan. The shares which are not used will be cancelled. The repurchases will be funded using company's own funds or self raised funds. The repurchase period will be not more than 12 months. New Risk • Jun 03
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.4% 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 High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.5% average weekly change). Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Xiaofeng Quan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Mar 31
Sineng Electric Co.,Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Sineng Electric Co.,Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Annuncio • Dec 31
Sineng Electric Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026 Sineng Electric Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026 Annuncio • Sep 30
Sineng Electric Co.,Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Sineng Electric Co.,Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Annuncio • Jul 02
Sineng Electric Co.,Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Sineng Electric Co.,Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Annuncio • Apr 25
Sineng Electric Co.,Ltd. Proposes Final Dividend for the Year 2024 Sineng Electric Co.,Ltd. proposed final dividend of CNY 1.20 per 10 shares (tax included) for the year 2024. Annuncio • Apr 24
Sineng Electric Co.,Ltd., Annual General Meeting, May 20, 2025 Sineng Electric Co.,Ltd., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Wuxi, Jiangsu China Annuncio • Apr 15
Sineng Electric Co.,Ltd. (SZSE:300827) announces an Equity Buyback for CNY 72 million worth of its shares. Sineng Electric Co.,Ltd. (SZSE:300827) announces a share repurchase program. Under the program, the company will repurchase up to CNY 72 million worth of its shares. The repurchase price will not more than CNY 36 per Share. The repurchased shares will be used for equity incentives plan. The repurchases will be funded using company's own funds or self raised funds. The repurchase period will be not more than 12 months Annuncio • Mar 31
Sineng Electric Co.,Ltd. to Report Q1, 2025 Results on Apr 24, 2025 Sineng Electric Co.,Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025 Annuncio • Dec 31
Sineng Electric Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 24, 2025 Sineng Electric Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 24, 2025 Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥46.85, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Electrical industry in China. Total returns to shareholders of 61% over the past year. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.39 (vs CN¥0.21 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.39 (up from CN¥0.21 in 3Q 2023). Revenue: CN¥1.14b (flat on 3Q 2023). Net income: CN¥141.2m (up 93% from 3Q 2023). Profit margin: 12% (up from 6.5% in 3Q 2023). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥41.55, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 17x in the Electrical industry in China. Total returns to shareholders of 38% over the past year. Annuncio • Sep 30
Sineng Electric Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Sineng Electric Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥35.75, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Electrical industry in China. Total returns to shareholders of 13% over the past year. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.31 (vs CN¥0.29 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.31 (up from CN¥0.29 in 2Q 2023). Revenue: CN¥1.21b (down 22% from 2Q 2023). Net income: CN¥109.6m (up 11% from 2Q 2023). Profit margin: 9.0% (up from 6.3% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China. New Risk • Aug 15
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 7.1% 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 High level of non-cash earnings (63% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change). Annuncio • Jul 17
Sineng Electric Co.,Ltd. (SZSE:300827) announces an Equity Buyback for CNY 36 million worth of its shares. Sineng Electric Co.,Ltd. (SZSE:300827) announces a share repurchase program. Under the program, the company will repurchase up to CNY 36 million worth of its shares. The repurchase price will not more than CNY 36 per Share. The repurchased shares will be used for equity incentives plan. The repurchases will be funded using company's own funds. The repurchase period will be not more than 12 months. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥24.50, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Electrical industry in China. Total loss to shareholders of 39% over the past year. Annuncio • Jun 29
Sineng Electric Co.,Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Sineng Electric Co.,Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Declared Dividend • Jun 05
Dividend of CN¥0.10 announced Shareholders will receive a dividend of CN¥0.10. Ex-date: 7th June 2024 Payment date: 7th June 2024 Dividend yield will be 0.4%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (12% 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 32% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 174% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 24
Full year 2023 earnings released: EPS: CN¥0.81 (vs CN¥0.24 in FY 2022) Full year 2023 results: EPS: CN¥0.81 (up from CN¥0.24 in FY 2022). Revenue: CN¥4.93b (up 111% from FY 2022). Net income: CN¥285.9m (up 251% from FY 2022). Profit margin: 5.8% (up from 3.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Annuncio • Apr 23
Sineng Electric Co.,Ltd., Annual General Meeting, May 15, 2024 Sineng Electric Co.,Ltd., Annual General Meeting, May 15, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Wuxi, Jiangsu China Annuncio • Mar 30
Sineng Electric Co.,Ltd. to Report Q1, 2024 Results on Apr 23, 2024 Sineng Electric Co.,Ltd. announced that they will report Q1, 2024 results on Apr 23, 2024 Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥29.35, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Electrical industry in China. Total loss to shareholders of 31% over the past year. New Risk • Feb 05
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: Major Risk High level of non-cash earnings (92% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (5.4% increase in shares outstanding). Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥21.70, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Electrical industry in China. Total loss to shareholders of 55% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥14.20 per share. Annuncio • Dec 29
Sineng Electric Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 23, 2024 Sineng Electric Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 23, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.061 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.21 (up from CN¥0.061 in 3Q 2022). Revenue: CN¥1.13b (up 76% from 3Q 2022). Net income: CN¥73.3m (up 227% from 3Q 2022). Profit margin: 6.5% (up from 3.5% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Annuncio • Sep 15
Sineng Electric Co., Ltd. Unveils PV and Energy Storage Solutions at RE+ 2023 Sineng Electric Co. Ltd. revealed the next-generation product portfolio during RE+ 2023 expo. The displayed innovations have been meticulously designed, aligning with America's ambitious objective to reduce the cost of solar energy by 60% within the coming decade. Leading the Green Revolution with Utility-Scale PV Solutions: The 3.6/3.75MW central inverters soon took center stage upon its unveiling which ensure optimal LCOE with 2 MPPTs and a high DC/AC ratio. The product lineup extends to the 3.6/3.75MW MV turnkey stations, with a medium-voltage transformer integrated. Engineered for ultimate convenience, the compact 20-ft container size and pre-assembled design simplify both the delivery process and subsequent commissioning procedures. Exemplified by SP-350K-USH, the string PV inverter solution from Sineng Electric offers exceptional versatility across various scenarios. Equipped with 12 MPPTs, supporting up to 32 strings and a flexible DC/AC ratio, the product is tailor-made to meet customers' diverse needs while its CEC efficiency of 98.5%, further ensures the superior performance and higher yields. Utility-Scale Energy Storage Solutions to Optimize LCOS: A standout of Sineng's showcase is the 3.45/4MW MV turnkey station, compromised of two units of 1.725/2MW central PCS and a transformer. It is designed to be compatible with batteries above 306Ah. Featuring phase change heat dissipation, NEMA type 3R protection rating and PCS efficiency of up to 98.9%, the 3.45/4MW MV turnkey station encapsulates an impeccable fusion of efficiency, reliability, and safety. The spotlight also falls upon the 2.4-4MW MV turnkey stations, an assembly of 200kW string PCS. The incorporation of rack-level battery management translates into enhanced charging and discharging capacity, while the modular design expedites on-site replacements, significantly augmenting system availability. Reported Earnings • Jul 20
Second quarter 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.022 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.29 (up from CN¥0.022 in 2Q 2022). Revenue: CN¥1.56b (up CN¥1.35b from 2Q 2022). Net income: CN¥98.6m (up CN¥91.8m from 2Q 2022). Profit margin: 6.3% (up from 3.4% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Electrical industry in China. New Risk • Jul 04
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 8.3% 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 High level of non-cash earnings (21% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Shareholders have been diluted in the past year (4.8% increase in shares outstanding). Annuncio • Jul 01
Sineng Electric Co.,Ltd. to Report First Half, 2023 Results on Jul 20, 2023 Sineng Electric Co.,Ltd. announced that they will report first half, 2023 results on Jul 20, 2023 Annuncio • Jun 10
Sineng Electric Co.,Ltd. Implements Cash Dividend for 2022, payable on June 16, 2023 Sineng Electric Co.,Ltd. implemented cash dividend/10 shares (tax included): CNY 0.95416700 for 2022. Record date: 15 June 2023. Ex-date: 16 June 2023. Payment date: 16 June 2023. Annuncio • May 20
Sineng Electric Co.,Ltd. Approves Cash Dividend for 2022 Sineng Electric Co.,Ltd. at its Annual General Meeting of 2022 held on 18 May 2023, approved cash dividend/10 shares (tax included): CNY 1.00000000. Reported Earnings • Apr 28
Full year 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.25 in FY 2021) Full year 2022 results: EPS: CN¥0.34 (up from CN¥0.25 in FY 2021). Revenue: CN¥2.34b (up 114% from FY 2021). Net income: CN¥81.6m (up 39% from FY 2021). Profit margin: 3.5% (down from 5.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Xiao Feng Quan was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 31
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: CN¥644.5m (up 156% from 3Q 2021). Net income: CN¥22.4m (up 8.8% from 3Q 2021). Profit margin: 3.5% (down from 8.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Electrical industry in China. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.031 (vs CN¥0.035 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.031 (down from CN¥0.035 in 2Q 2021). Revenue: CN¥203.4m (down 14% from 2Q 2021). Net income: CN¥6.85m (down 18% from 2Q 2021). Profit margin: 3.4% (down from 3.5% in 2Q 2021). The decrease in margin was driven by lower revenue. Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.12 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.12 (up from CN¥0.12 in 1Q 2021). Revenue: CN¥218.1m (up 36% from 1Q 2021). Net income: CN¥16.1m (up 3.5% from 1Q 2021). Profit margin: 7.4% (down from 9.7% in 1Q 2021). The decrease in margin was driven by higher expenses. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: CN¥0.45 (vs CN¥0.64 in FY 2020) Full year 2021 results: EPS: CN¥0.45 (down from CN¥0.64 in FY 2020). Revenue: CN¥1.09b (up 8.8% from FY 2020). Net income: CN¥58.9m (down 24% from FY 2020). Profit margin: 5.4% (down from 7.7% in FY 2020). The decrease in margin was driven by higher expenses. Board Change • Dec 10
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced 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: Insufficient board refreshment. 
