Declared Dividend • Jul 13
Dividend of CN¥0.35 announced Shareholders will receive a dividend of CN¥0.35. Ex-date: 16th July 2026 Payment date: 16th July 2026 Dividend yield will be 4.0%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but not covered by cash flows (133% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jun 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.1% to CN¥10.19. The fair value is estimated to be CN¥12.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.4% over the last 3 years. Earnings per share has grown by 2.7%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Annuncio • Jun 30
Fujian Funeng Co., Ltd. to Report First Half, 2026 Results on Aug 22, 2026 Fujian Funeng Co., Ltd. announced that they will report first half, 2026 results on Aug 22, 2026 Board Change • May 20
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, 1 was an independent director. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Jing Lin was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annuncio • Apr 22
Fujian Funeng Co., Ltd., Annual General Meeting, May 19, 2026 Fujian Funeng Co., Ltd., Annual General Meeting, May 19, 2026, at 14:30 China Standard Time. Location: Floor 3A, No. 396, Tatou Road, Jin'an District, Fuzhou, Fujian China Annuncio • Mar 30
Fujian Funeng Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Fujian Funeng Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Annuncio • Dec 26
Fujian Funeng Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Fujian Funeng Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Annuncio • Sep 30
Fujian Funeng Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Fujian Funeng Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Annuncio • Jun 30
Fujian Funeng Co., Ltd. to Report First Half, 2025 Results on Aug 22, 2025 Fujian Funeng Co., Ltd. announced that they will report first half, 2025 results on Aug 22, 2025 Annuncio • Apr 25
Fujian Funeng Co., Ltd., Annual General Meeting, May 15, 2025 Fujian Funeng Co., Ltd., Annual General Meeting, May 15, 2025, at 14:30 China Standard Time. Location: Floor 3A, No. 396, Tatou Road, Jin'an District, Fuzhou, Fujian China Annuncio • Mar 28
Fujian Funeng Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Fujian Funeng Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Annuncio • Dec 27
Fujian Funeng Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Fujian Funeng Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.24 (vs CN¥0.28 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.24 (down from CN¥0.28 in 3Q 2023). Revenue: CN¥3.82b (down 4.1% from 3Q 2023). Net income: CN¥584.8m (down 17% from 3Q 2023). Profit margin: 15% (down from 18% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Oct 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to CN¥9.41. The fair value is estimated to be CN¥11.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 8.9% in 2 years. Earnings are forecast to grow by 13% in the next 2 years. Annuncio • Sep 30
Fujian Funeng Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Fujian Funeng Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 New Risk • Aug 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: 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. Shareholders have been diluted in the past year (3.5% increase in shares outstanding). Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: CN¥0.25 (vs CN¥0.15 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.25 (up from CN¥0.15 in 2Q 2023). Revenue: CN¥3.58b (up 8.3% from 2Q 2023). Net income: CN¥662.0m (up 65% from 2Q 2023). Profit margin: 19% (up from 12% in 2Q 2023). Revenue is forecast to grow 3.3% 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 17% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 05
Dividend of CN¥0.31 announced Shareholders will receive a dividend of CN¥0.31. Ex-date: 8th July 2024 Payment date: 8th July 2024 Dividend yield will be 2.6%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 8.1% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Jun 28
Fujian Funeng Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024 Fujian Funeng Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024 Board Change • Jun 04
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. 3 highly experienced directors. Employee Representative of the Supervisory Board Xiao Fen Huang is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Apr 26
Fujian Funeng Co., Ltd., Annual General Meeting, May 21, 2024 Fujian Funeng Co., Ltd., Annual General Meeting, May 21, 2024, at 14:30 China Standard Time. Location: No. 20, Wubao Jikong Area, Hongshan Town, Shishi, Quanzhou, Fujian China Reported Earnings • Apr 18
Full year 2023 earnings released: EPS: CN¥1.03 (vs CN¥1.02 in FY 2022) Full year 2023 results: EPS: CN¥1.03 (up from CN¥1.02 in FY 2022). Revenue: CN¥14.7b (up 2.6% from FY 2022). Net income: CN¥2.62b (up 1.1% from FY 2022). Profit margin: 18% (in line with FY 2022). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 12% per year. Annuncio • Mar 29
Fujian Funeng Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Fujian Funeng Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Annuncio • Dec 30
Fujian Funeng Co., Ltd. to Report Fiscal Year 2023 Results on Apr 18, 2024 Fujian Funeng Co., Ltd. announced that they will report fiscal year 2023 results on Apr 18, 2024 Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.18 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.19 (up from CN¥0.18 in 3Q 2022). Revenue: CN¥3.98b (up 4.7% from 3Q 2022). Net income: CN¥701.3m (up 55% from 3Q 2022). Profit margin: 18% (up from 12% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 13% per year. Annuncio • Sep 30
Fujian Funeng Co., Ltd. to Report Q3, 2023 Results on Oct 25, 2023 Fujian Funeng Co., Ltd. announced that they will report Q3, 2023 results on Oct 25, 2023 Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.28 (vs CN¥0.20 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.28. Revenue: CN¥3.30b (up 16% from 2Q 2022). Net income: CN¥402.4m (down 21% from 2Q 2022). Profit margin: 12% (down from 18% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Renewable Energy industry in China. Reported Earnings • Apr 15
Full year 2022 earnings released: EPS: CN¥1.33 (vs CN¥0.68 in FY 2021) Full year 2022 results: EPS: CN¥1.33 (up from CN¥0.68 in FY 2021). Revenue: CN¥14.3b (up 19% from FY 2021). Net income: CN¥2.59b (up 105% from FY 2021). Profit margin: 18% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 8.2% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. 1 experienced director. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Employee Representative of the Supervisory Board Ben Zhi Ding is the most experienced director on the board, commencing their role in 2012. Independent Director Jianxuan Tong was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.23 (vs CN¥0.049 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.23 (up from CN¥0.049 in 3Q 2021). Revenue: CN¥3.81b (up 18% from 3Q 2021). Net income: CN¥453.3m (up 389% from 3Q 2021). Profit margin: 12% (up from 2.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 8.1% 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 8% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Sep 17
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Jianxuan Tong was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: CN¥0.26 (vs CN¥0.23 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.26 (up from CN¥0.23 in 2Q 2021). Revenue: CN¥2.85b (down 3.2% from 2Q 2021). Net income: CN¥512.2m (up 28% from 2Q 2021). Profit margin: 18% (up from 14% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 17%, compared to a 15% 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 14% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.33 (vs CN¥0.31 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.33 (up from CN¥0.31 in 1Q 2021). Revenue: CN¥2.53b (down 11% from 1Q 2021). Net income: CN¥643.6m (up 17% from 1Q 2021). Profit margin: 25% (up from 19% in 1Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 11%, compared to a 11% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 10% per year. 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. 11 experienced directors. No highly experienced directors. 4 independent directors (8 non-independent directors). Director Yongbao Miao was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥16.53, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 21x in the Renewable Energy industry in China. Total returns to shareholders of 112% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.11 per share. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.049 (vs CN¥0.25 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥3.24b (up 29% from 3Q 2020). Net income: CN¥92.7m (down 79% from 3Q 2020). Profit margin: 2.9% (down from 17% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥14.79, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 19x in the Renewable Energy industry in China. Total returns to shareholders of 119% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.75 per share. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥18.41, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Renewable Energy industry in China. Total returns to shareholders of 138% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.02 per share. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥14.56, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Renewable Energy industry in China. Total returns to shareholders of 98% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥24.47 per share. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.18 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¥2.95b (up 45% from 2Q 2020). Net income: CN¥398.9m (up 48% from 2Q 2020). Profit margin: 14% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 15% per year. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 25% share price gain to CN¥13.08, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Renewable Energy industry in China. Total returns to shareholders of 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥23.19 per share. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.31 (vs CN¥0.071 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥2.84b (up 74% from 1Q 2020). Net income: CN¥550.4m (up 397% from 1Q 2020). Profit margin: 19% (up from 6.8% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 02
Full year 2020 earnings released: EPS CN¥0.90 (vs CN¥0.80 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥9.56b (down 3.9% from FY 2019). Net income: CN¥1.49b (up 20% from FY 2019). Profit margin: 16% (up from 13% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 11% per year. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥9.65, the stock is trading at a trailing P/E ratio of 14.4x, up from the previous P/E ratio of 12.1x. This compares to an average P/E of 17x in the Renewable Energy industry in China. Total returns to shareholders over the past three years are 46%. Is New 90 Day High Low • Mar 03
New 90-day high: CN¥8.36 The company is up 6.0% from its price of CN¥7.88 on 03 December 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥20.02 per share. Is New 90 Day High Low • Dec 12
New 90-day low: CN¥7.51 The company is down 5.0% from its price of CN¥7.93 on 11 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥20.34 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥1.07b, down 17% from the prior year. Total revenue was CN¥8.71b over the last 12 months, down 15% from the prior year. Is New 90 Day High Low • Oct 22
New 90-day low: CN¥7.77 The company is down 1.0% from its price of CN¥7.84 on 24 July 2020. The Chinese market is also down 1.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed 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¥36.67 per share.