New Risk • May 06
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: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks High level of debt (41% net debt to equity). Dividend is not well covered by earnings (94% payout ratio). Reported Earnings • Apr 29
Full year 2025 earnings released: EPS: CN¥0.18 (vs CN¥0.24 in FY 2024) Full year 2025 results: EPS: CN¥0.18 (down from CN¥0.24 in FY 2024). Revenue: CN¥5.21b (up 2.3% from FY 2024). Net income: CN¥237.2m (down 26% from FY 2024). Profit margin: 4.6% (down from 6.3% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Annuncio • Apr 29
Bestsun Energy Co., Ltd., Annual General Meeting, May 19, 2026 Bestsun Energy Co., Ltd., Annual General Meeting, May 19, 2026, at 15:00 China Standard Time. Location: Room 2301, Block A, Lize PingAn Financial Center, Yard No. 2, Jinze West Road, Fengtai District, Beijing China Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥4.11, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 19x in the Gas Utilities industry in China. Total returns to shareholders of 16% over the past three years. Annuncio • Mar 30
Bestsun Energy Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Bestsun Energy Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Annuncio • Dec 26
Bestsun Energy Co., Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Bestsun Energy Co., Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 New Risk • Dec 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.0% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.0% average weekly change). Earnings have declined by 12% per year over the past 5 years. Minor Risks High level of debt (47% net debt to equity). Dividend is not well covered by earnings (94% payout ratio). Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥5.48, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 22x in the Gas Utilities industry in China. Total returns to shareholders of 53% over the past three years. New Risk • Nov 11
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: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks High level of debt (47% 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 (7.6% average weekly change). Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.018 (vs CN¥0.035 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.018 (down from CN¥0.035 in 3Q 2024). Revenue: CN¥780.1m (up 5.8% from 3Q 2024). Net income: CN¥24.6m (down 47% from 3Q 2024). Profit margin: 3.2% (down from 6.3% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 1% 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 16% After last week's 16% share price gain to CN¥4.57, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 20x in the Gas Utilities industry in China. Total returns to shareholders of 30% over the past three years. Annuncio • Sep 30
Bestsun Energy Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Bestsun Energy Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Sep 13
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 44% 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: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risks High level of debt (44% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Annuncio • Jun 30
Bestsun Energy Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Bestsun Energy Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Reported Earnings • Apr 24
Full year 2024 earnings released: EPS: CN¥0.24 (vs CN¥0.28 in FY 2023) Full year 2024 results: EPS: CN¥0.24 (down from CN¥0.28 in FY 2023). Revenue: CN¥5.09b (down 2.5% from FY 2023). Net income: CN¥319.0m (down 13% from FY 2023). Profit margin: 6.3% (down from 7.1% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Annuncio • Apr 23
Bestsun Energy Co., Ltd., Annual General Meeting, May 13, 2025 Bestsun Energy Co., Ltd., Annual General Meeting, May 13, 2025, at 15:00 China Standard Time. Location: Room 2301, Block A, Lize PingAn Financial Center, Yard No. 2, Jinze West Road, Fengtai District, Beijing China Annuncio • Mar 28
Bestsun Energy Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Bestsun Energy Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Annuncio • Dec 27
Bestsun Energy Co., Ltd. to Report Fiscal Year 2024 Results on Apr 23, 2025 Bestsun Energy Co., Ltd. announced that they will report fiscal year 2024 results on Apr 23, 2025 Declared Dividend • Oct 23
First half dividend of CN¥0.09 announced Shareholders will receive a dividend of CN¥0.09. Ex-date: 25th October 2024 Payment date: 25th October 2024 Dividend yield will be 6.2%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is not covered by earnings (107% earnings payout ratio). However, it is covered by cash flows (62% cash payout ratio). The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 18% to bring the payout ratio under control. However, EPS has declined by 17% over the last 5 years so the company would need to reverse this trend. Annuncio • Sep 30
Bestsun Energy Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Bestsun Energy Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.026 (vs CN¥0.033 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.026 (down from CN¥0.033 in 2Q 2023). Revenue: CN¥723.4m (down 12% from 2Q 2023). Net income: CN¥35.5m (down 21% from 2Q 2023). Profit margin: 4.9% (down from 5.5% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 15% per year. Annuncio • Jun 28
Bestsun Energy Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Bestsun Energy Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.067 (vs CN¥0.13 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.067 (down from CN¥0.13 in 1Q 2023). Revenue: CN¥2.03b (up 9.1% from 1Q 2023). Net income: CN¥90.4m (down 48% from 1Q 2023). Profit margin: 4.5% (down from 9.3% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Annuncio • Apr 19
Bestsun Energy Co., Ltd., Annual General Meeting, May 08, 2024 Bestsun Energy Co., Ltd., Annual General Meeting, May 08, 2024, at 15:30 China Standard Time. Location: Room 2301, Tower A, Lize PingAn Financial Center, Yard No. 2, Jinze West Road, Fengtai District, Beijing China Reported Earnings • Apr 18
Full year 2023 earnings released: EPS: CN¥0.28 (vs CN¥0.29 in FY 2022) Full year 2023 results: EPS: CN¥0.28 (down from CN¥0.29 in FY 2022). Revenue: CN¥5.22b (up 4.3% from FY 2022). Net income: CN¥368.4m (down 5.8% from FY 2022). Profit margin: 7.1% (down from 7.8% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 8% per year. Annuncio • Mar 29
Bestsun Energy Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Bestsun Energy Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 New Risk • Feb 22
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 43% 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: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 167% Cash payout ratio: 368% Earnings have declined by 24% per year over the past 5 years. Minor Risk High level of debt (43% net debt to equity). Annuncio • Dec 30
Bestsun Energy Co., Ltd. to Report Fiscal Year 2023 Results on Apr 18, 2024 Bestsun Energy Co., Ltd. announced that they will report fiscal year 2023 results on Apr 18, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.037 (vs CN¥0.054 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.037 (down from CN¥0.054 in 3Q 2022). Revenue: CN¥751.4m (down 37% from 3Q 2022). Net income: CN¥48.1m (down 34% from 3Q 2022). Profit margin: 6.4% (up from 6.1% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 6% per year. Annuncio • Sep 30
Bestsun Energy Co., Ltd. to Report Q3, 2023 Results on Oct 28, 2023 Bestsun Energy Co., Ltd. announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 28, 2023 New Risk • Aug 06
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 42% 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: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 111% Cash payout ratio: 123% Earnings have declined by 25% per year over the past 5 years. Minor Risk High level of debt (42% net debt to equity). Reported Earnings • Aug 05
Second quarter 2023 earnings released: EPS: CN¥0.033 (vs CN¥0.072 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.033 (down from CN¥0.072 in 2Q 2022). Revenue: CN¥817.1m (up 3.8% from 2Q 2022). Net income: CN¥44.9m (down 55% from 2Q 2022). Profit margin: 5.5% (down from 13% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 5% per year. Annuncio • Jun 28
Bestsun Energy Co., Ltd. to Report First Half, 2023 Results on Aug 05, 2023 Bestsun Energy Co., Ltd. announced that they will report first half, 2023 results on Aug 05, 2023 Reported Earnings • Mar 08
Full year 2022 earnings released: EPS: CN¥0.29 (vs CN¥0.39 in FY 2021) Full year 2022 results: EPS: CN¥0.29 (down from CN¥0.39 in FY 2021). Revenue: CN¥5.01b (up 8.3% from FY 2021). Net income: CN¥391.2m (down 27% from FY 2021). Profit margin: 7.8% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 8% per year. 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. 9 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Ni Jun was the last independent director to join the board, commencing their role in 2016. 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 30
Third quarter 2022 earnings released: EPS: CN¥0.039 (vs CN¥0.069 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.039 (down from CN¥0.069 in 3Q 2021). Revenue: CN¥749.7m (up 9.5% from 3Q 2021). Net income: CN¥52.5m (down 45% from 3Q 2021). Profit margin: 7.0% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 16% per year. Reported Earnings • Aug 03
Second quarter 2022 earnings released: EPS: CN¥0.072 (vs CN¥0.10 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.072 (down from CN¥0.10 in 2Q 2021). Revenue: CN¥787.0m (up 1.5% from 2Q 2021). Net income: CN¥100.2m (down 29% from 2Q 2021). Profit margin: 13% (down from 18% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.15 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.11 (down from CN¥0.15 in 1Q 2021). Revenue: CN¥1.84b (up 10.0% from 1Q 2021). Net income: CN¥145.9m (down 28% from 1Q 2021). Profit margin: 7.9% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Ni Jun was the last independent director to join the board, commencing their role in 2016. 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 • Mar 08
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: CN¥0.39 (up from CN¥0.36 in FY 2020). Revenue: CN¥4.62b (up 7.7% from FY 2020). Net income: CN¥537.4m (up 5.9% from FY 2020). Profit margin: 12% (in line with FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 45%. 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 18% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥5.82, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 20x in the Gas Utilities industry in China. Total loss to shareholders of 21% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.069 (vs CN¥0.057 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥684.9m (up 13% from 3Q 2020). Net income: CN¥94.6m (up 18% from 3Q 2020). Profit margin: 14% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥6.29, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 22x in the Gas Utilities industry in China. Total loss to shareholders of 15% over the past three years. Reported Earnings • Aug 03
Second quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.10 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥775.8m (up 7.1% from 2Q 2020). Net income: CN¥141.5m (up 3.4% from 2Q 2020). Profit margin: 18% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.14 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: CN¥1.67b (up 11% from 1Q 2020). Net income: CN¥201.3m (up 3.9% from 1Q 2020). Profit margin: 12% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 07
Full year 2020 earnings released: EPS CN¥0.36 (vs CN¥0.51 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥4.30b (down 12% from FY 2019). Net income: CN¥507.5m (down 30% from FY 2019). Profit margin: 12% (down from 15% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Mar 07
Earnings miss expectations Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 49%. Is New 90 Day High Low • Mar 05
New 90-day high: CN¥5.50 The company is up 5.0% from its price of CN¥5.24 on 04 December 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is down 14% over the same period. Is New 90 Day High Low • Jan 25
New 90-day high: CN¥5.39 The company is up 2.0% from its price of CN¥5.30 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Gas Utilities industry, which is down 12% over the same period. Annuncio • Jan 21
Bestsun Energy Co., Ltd. to Report Fiscal Year 2020 Results on Mar 06, 2021 Bestsun Energy Co., Ltd. announced that they will report fiscal year 2020 results on Mar 06, 2021 Is New 90 Day High Low • Dec 22
New 90-day low: CN¥4.98 The company is down 7.0% from its price of CN¥5.33 on 23 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is down 3.0% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥5.12 The company is down 5.0% from its price of CN¥5.41 on 31 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Gas Utilities industry, which is down 7.0% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥481.7m, down 49% from the prior year. Total revenue was CN¥4.08b over the last 12 months, down 23% from the prior year. Annuncio • Jul 06
Bestsun Energy Co., Ltd. to Report First Half, 2020 Results on Aug 13, 2020 Bestsun Energy Co., Ltd. announced that they will report first half, 2020 results on Aug 13, 2020