Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥13.47, the stock trades at a trailing P/E ratio of 54.8x. Average trailing P/E is 33x in the Electric Utilities industry in China. Total returns to shareholders of 180% over the past three years. Annuncio • Jun 30
Henan Yuneng Holdings Co.,Ltd. to Report First Half, 2026 Results on Aug 26, 2026 Henan Yuneng Holdings Co.,Ltd. announced that they will report first half, 2026 results on Aug 26, 2026 Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥16.81, the stock trades at a trailing P/E ratio of 68.3x. Average trailing P/E is 34x in the Electric Utilities industry in China. Total returns to shareholders of 247% over the past three years. 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. 4 non-independent directors. Independent Director Jianhua Ye was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Dec 31
Henan Yuneng Holdings Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Henan Yuneng Holdings Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Annuncio • Sep 30
Henan Yuneng Holdings Co.,Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Henan Yuneng Holdings Co.,Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Annuncio • Jul 02
Henan Yuneng Holdings Co.,Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Henan Yuneng Holdings Co.,Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Annuncio • Apr 14
Henan Yuneng Holdings Co.,Ltd., Annual General Meeting, May 15, 2025 Henan Yuneng Holdings Co.,Ltd., Annual General Meeting, May 15, 2025, at 15:00 China Standard Time. Location: Tower A, No. 41, Nongye Road East, Zhengzhou, Henan China Annuncio • Mar 31
Henan Yuneng Holdings Co.,Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Henan Yuneng Holdings Co.,Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Annuncio • Dec 31
Henan Yuneng Holdings Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 12, 2025 Henan Yuneng Holdings Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 12, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.03 loss per share (vs CN¥0.004 profit in 3Q 2023) Third quarter 2024 results: CN¥0.03 loss per share (down from CN¥0.004 profit in 3Q 2023). Revenue: CN¥3.25b (down 3.8% from 3Q 2023). Net loss: CN¥46.4m (down CN¥52.4m from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Annuncio • Sep 30
Henan Yuneng Holdings Co.,Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Henan Yuneng Holdings Co.,Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Annuncio • Jun 29
Henan Yuneng Holdings Co.,Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Henan Yuneng Holdings Co.,Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Reported Earnings • Apr 26
Full year 2023 earnings released: CN¥0.36 loss per share (vs CN¥1.49 loss in FY 2022) Full year 2023 results: CN¥0.36 loss per share (improved from CN¥1.49 loss in FY 2022). Revenue: CN¥12.0b (down 8.5% from FY 2022). Net loss: CN¥553.5m (loss narrowed 74% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Annuncio • Apr 26
Henan Yuneng Holdings Co.,Ltd., Annual General Meeting, May 21, 2024 Henan Yuneng Holdings Co.,Ltd., Annual General Meeting, May 21, 2024, at 15:00 China Standard Time. Location: 13F, Tower B, No. 41, Nongye Road East, Zhengzhou, Henan China Annuncio • Mar 30
Henan Yuneng Holdings Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Henan Yuneng Holdings Co.,Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 New Risk • Mar 27
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 9.9% 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 48% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.9% average weekly change). Annuncio • Dec 30
Henan Yuneng Holdings Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 25, 2024 Henan Yuneng Holdings Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 25, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.004 (vs CN¥0.41 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.004 (up from CN¥0.41 loss in 3Q 2022). Revenue: CN¥3.38b (down 7.9% from 3Q 2022). Net income: CN¥5.93m (up CN¥624.4m from 3Q 2022). Profit margin: 0.2% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. New Risk • Oct 26
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 6.3% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥2.3b free cash flow). Earnings have declined by 52% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.3% average weekly change). Reported Earnings • Aug 31
Second quarter 2023 earnings released: CN¥0.11 loss per share (vs CN¥0.23 loss in 2Q 2022) Second quarter 2023 results: CN¥0.11 loss per share (improved from CN¥0.23 loss in 2Q 2022). Revenue: CN¥2.30b (down 25% from 2Q 2022). Net loss: CN¥164.4m (loss narrowed 47% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Annuncio • May 10
Henan Yuneng Holdings Co.,Ltd. Approves Executive Elections Henan Yuneng Holdings Co.,Ltd. approved election of Yu Qibo as non-independent directors; Zhao Jianying and Ye Jianhua as independent directors; and Zhou Yinhui and Zhong Yuhui as non-employee supervisors at the Extraordinary General Meeting of 2023 on May 8, 2023. Reported Earnings • Sep 01
Second quarter 2022 earnings released: CN¥0.23 loss per share (vs CN¥0.086 loss in 2Q 2021) Second quarter 2022 results: CN¥0.23 loss per share (down from CN¥0.086 loss in 2Q 2021). Revenue: CN¥3.08b (up 20% from 2Q 2021). Net loss: CN¥309.3m (loss widened 211% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 125 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 28
First quarter 2022 earnings released: CN¥0.34 loss per share (vs CN¥0.024 profit in 1Q 2021) First quarter 2022 results: CN¥0.34 loss per share (down from CN¥0.024 profit in 1Q 2021). Revenue: CN¥3.77b (up 56% from 1Q 2021). Net loss: CN¥462.4m (down CN¥490.2m from profit in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 10
Full year 2021 earnings released: CN¥1.50 loss per share (vs CN¥0.25 profit in FY 2020) Full year 2021 results: CN¥1.50 loss per share (down from CN¥0.25 profit in FY 2020). Revenue: CN¥11.9b (up 37% from FY 2020). Net loss: CN¥2.03b (down CN¥2.32b from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Board Change • Dec 31
High number of new directors Supervisor Jin Peng Guo was the last director to join the board, commencing their role in 2020. Reported Earnings • Aug 29
Second quarter 2021 earnings released: CN¥0.086 loss per share (vs CN¥0.14 profit in 2Q 2020) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: CN¥2.57b (up 20% from 2Q 2020). Net loss: CN¥99.3m (down 161% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥9.41, the stock trades at a trailing P/E ratio of 37.9x. Average trailing P/E is 29x in the Electric Utilities industry in China. Total returns to shareholders of 173% over the past three years. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥8.62, the stock trades at a trailing P/E ratio of 34.7x. Average trailing P/E is 29x in the Electric Utilities industry in China. Total returns to shareholders of 94% over the past three years. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.024 (vs CN¥0.03 in 1Q 2020) The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥2.41b (up 54% from 1Q 2020). Net income: CN¥27.8m (down 18% from 1Q 2020). Profit margin: 1.2% (down from 2.2% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improved over the past week After last week's 33% share price gain to CN¥10.27, the stock trades at a trailing P/E ratio of 40.5x. Average trailing P/E is 32x in the Electric Utilities industry in China. Total returns to shareholders of 107% over the past three years. Reported Earnings • Apr 04
Full year 2020 earnings released: EPS CN¥0.25 (vs CN¥0.087 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥8.68b (up 7.3% from FY 2019). Net income: CN¥291.5m (up 191% from FY 2019). Profit margin: 3.4% (up from 1.2% in FY 2019). 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 20% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥6.88, the stock is trading at a trailing P/E ratio of 25.4x, up from the previous P/E ratio of 21.8x. This compares to an average P/E of 28x in the Electric Utilities industry in China. Total returns to shareholders over the past three years are 35%. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥5.60, the stock is trading at a trailing P/E ratio of 20.6x, down from the previous P/E ratio of 24.9x. This compares to an average P/E of 25x in the Electric Utilities industry in China. Total returns to shareholders over the past three years are 20%. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥7.83, the stock is trading at a trailing P/E ratio of 28.9x, down from the previous P/E ratio of 34.3x. This compares to an average P/E of 28x in the Electric Utilities industry in China. Total returns to shareholders over the past three years are 39%. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥8.46, the stock is trading at a trailing P/E ratio of 31.2x, down from the previous P/E ratio of 39x. This compares to an average P/E of 28x in the Electric Utilities industry in China. Total returns to shareholders over the past three years are 53%. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥4.55, the stock is trading at a trailing P/E ratio of 16.8x, up from the previous P/E ratio of 14x. This compares to an average P/E of 26x in the Electric Utilities industry in China. Total return to shareholders over the past three years is a loss of 17%. Is New 90 Day High Low • Dec 15
New 90-day high: CN¥4.14 The company is up 8.0% from its price of CN¥3.85 on 16 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is down 6.0% over the same period. Is New 90 Day High Low • Oct 20
New 90-day low: CN¥3.71 The company is down 10.0% from its price of CN¥4.13 on 22 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is down 5.0% over the same period. Is New 90 Day High Low • Oct 08
New 90-day low: CN¥3.71 The company is down 8.0% from its price of CN¥4.04 on 10 July 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is down 7.0% over the same period. 
