Wangneng EnvironmentLtd（002034）株式概要王能環境有限公司は、中国で固形廃棄物ソリューションを提供しています。 詳細002034 ファンダメンタル分析スノーフレーク・スコア評価5/6将来の成長1/6過去の実績4/6財務の健全性3/6配当金0/6報酬当社が推定した公正価値より80.3%で取引されている 収益は年間9%増加すると予測されています 過去1年間で収益は24.4%増加しました 同業他社や業界と比較して、良好な取引価格 リスク分析多額の負債を抱えている 過去1年間で株主の希薄化が進んだ すべてのリスクチェックを見る002034 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW476,491 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA476,491 investors already sharing narrativesYour Fair ValueCN¥Current PriceCN¥13.961.3% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture04b2016201920222025202620282031Revenue CN¥4.4bEarnings CN¥995.5mAdvancedSet Fair ValueView all narrativesWangneng Environment Co.,Ltd 競合他社Shanghai Emperor of Cleaning Hi-TechSymbol: SHSE:603200Market cap: CN¥6.5bCEVIA EnviroSymbol: SZSE:000885Market cap: CN¥8.1bTianjin Capital Environmental Protection GroupSymbol: SHSE:600874Market cap: CN¥7.9bShanghai Environment GroupSymbol: SHSE:601200Market cap: CN¥9.4b価格と性能株価の高値、安値、推移の概要Wangneng EnvironmentLtd過去の株価現在の株価CN¥13.9652週高値CN¥23.8052週安値CN¥13.50ベータ0.281ヶ月の変化1.09%3ヶ月変化-38.99%1年変化-22.44%3年間の変化-10.63%5年間の変化-18.36%IPOからの変化110.76%最新ニュースNew Risk • Jul 30New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 138% This is considered a major 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: Major Risk Shareholders have been substantially diluted in the past year (138% increase in shares outstanding). Minor Risk High level of debt (55% net debt to equity).お知らせ • Jun 30Wangneng Environment Co.,Ltd to Report First Half, 2026 Results on Aug 26, 2026Wangneng Environment Co.,Ltd announced that they will report first half, 2026 results on Aug 26, 2026Valuation Update With 7 Day Price Move • Jun 10Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥17.10, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Commercial Services industry in China. Total returns to shareholders of 18% over the past three years.New Risk • May 20New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% 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 (55% net debt to equity). Shareholders have been diluted in the past year (17% increase in shares outstanding).New Risk • May 15New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 55% 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. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥21.47, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Commercial Services industry in China. Total returns to shareholders of 38% over the past three years.最新情報をもっと見るRecent updatesNew Risk • Jul 30New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 138% This is considered a major 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: Major Risk Shareholders have been substantially diluted in the past year (138% increase in shares outstanding). Minor Risk High level of debt (55% net debt to equity).お知らせ • Jun 30Wangneng Environment Co.,Ltd to Report First Half, 2026 Results on Aug 26, 2026Wangneng Environment Co.,Ltd announced that they will report first half, 2026 results on Aug 26, 2026Valuation Update With 7 Day Price Move • Jun 10Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥17.10, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Commercial Services industry in China. Total returns to shareholders of 18% over the past three years.New Risk • May 20New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% 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 (55% net debt to equity). Shareholders have been diluted in the past year (17% increase in shares outstanding).New Risk • May 15New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 55% 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. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥21.47, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Commercial Services industry in China. Total returns to shareholders of 38% over the past three years.Major Estimate Revision • Apr 24Consensus EPS estimates increase by 19%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from CN¥1.45 to CN¥1.73. Revenue forecast unchanged at CN¥3.46b. Net income forecast to grow 4.3% next year vs 31% growth forecast for Commercial Services industry in China. Consensus price target up from CN¥21.39 to CN¥24.91. Share price fell 11% to CN¥17.19 over the past week.お知らせ • Apr 20Wangneng Environment Co.,Ltd, Annual General Meeting, May 12, 2026Wangneng Environment Co.,Ltd, Annual General Meeting, May 12, 2026, at 14:30 China Standard Time. Location: 3F, Tower F, No. 899, Huanshan Road, Longxi Subdistrict, Wuxing District, Huzhou, Zhejiang ChinaReported Earnings • Apr 19Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: CN¥1.69 (up from CN¥1.31 in FY 2024). Revenue: CN¥3.24b (up 2.2% from FY 2024). Net income: CN¥721.2m (up 29% from FY 2024). Profit margin: 22% (up from 18% in FY 2024). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.お知らせ • Mar 31Wangneng Environment Co.,Ltd to Report Q1, 2026 Results on Apr 28, 2026Wangneng Environment Co.,Ltd announced that they will report Q1, 2026 results on Apr 28, 2026お知らせ • Dec 31Wangneng Environment Co.,Ltd to Report Fiscal Year 2025 Results on Apr 18, 2026Wangneng Environment Co.,Ltd announced that they will report fiscal year 2025 results on Apr 18, 2026Board Change • Dec 12High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Bin Kuang was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 02Third quarter 2025 earnings released: EPS: CN¥0.39 (vs CN¥0.35 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.39 (up from CN¥0.35 in 3Q 2024). Revenue: CN¥853.7m (up 1.7% from 3Q 2024). Net income: CN¥169.6m (up 13% from 3Q 2024). Profit margin: 20% (up from 18% in 3Q 2024). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Commercial Services industry in China. 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 4% per year, which means it has not declined as severely as earnings.Declared Dividend • Oct 19First half dividend reduced to CN¥0.20Dividend of CN¥0.20 is 0.07% lower than last year. Ex-date: 21st October 2025 Payment date: 21st October 2025 Dividend yield will be 2.9%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Sep 30Wangneng Environment Co.,Ltd to Report Q3, 2025 Results on Oct 30, 2025Wangneng Environment Co.,Ltd announced that they will report Q3, 2025 results on Oct 30, 2025Price Target Changed • Sep 05Price target increased by 20% to CN¥21.39Up from CN¥17.80, the current price target is provided by 1 analyst. New target price is 24% above last closing price of CN¥17.24. Stock is up 28% over the past year. The company is forecast to post earnings per share of CN¥1.38 for next year compared to CN¥1.31 last year.お知らせ • Jul 02Wangneng Environment Co.,Ltd to Report First Half, 2025 Results on Aug 28, 2025Wangneng Environment Co.,Ltd announced that they will report first half, 2025 results on Aug 28, 2025お知らせ • May 27Wangneng Environment Co.,Ltd Approves Cash Dividend for 2024Wangneng Environment Co.,Ltd approved a cash dividend of CNY 3.00000000 per 10 shares (tax included) for 2024, at its AGM held on 23 May 2025.Major Estimate Revision • Apr 24Consensus EPS estimates fall by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥3.52b to CN¥3.32b. EPS estimate also fell from CN¥1.78 per share to CN¥1.38 per share. Net income forecast to grow 6.5% next year vs 28% growth forecast for Commercial Services industry in China. Consensus price target down from CN¥18.87 to CN¥17.80. Share price was steady at CN¥16.42 over the past week.New Risk • Apr 20New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 32% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks High level of debt (74% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.お知らせ • Apr 19Wangneng Environment Co.,Ltd Proposes Final Cash Dividend for 2024Wangneng Environment Co.,Ltd announced on 18 April 2025 the profit distribution proposal for 2024 as follows: Final cash dividend per 10 shares (tax included) of CNY 3.00000000.Reported Earnings • Apr 18Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥1.31 (down from CN¥1.40 in FY 2023). Revenue: CN¥3.17b (flat on FY 2023). Net income: CN¥560.9m (down 7.0% from FY 2023). Profit margin: 18% (down from 19% in FY 2023). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 4% per year.お知らせ • Apr 18Wangneng Environment Co.,Ltd, Annual General Meeting, May 23, 2025Wangneng Environment Co.,Ltd, Annual General Meeting, May 23, 2025, at 14:30 China Standard Time. Location: 3F, Tower F, No. 899, Huanshan Road, Longxi Subdistrict, Wuxing District, Huzhou, Zhejiang Chinaお知らせ • Mar 31Wangneng Environment Co.,Ltd to Report Q1, 2025 Results on Apr 30, 2025Wangneng Environment Co.,Ltd announced that they will report Q1, 2025 results on Apr 30, 2025Valuation Update With 7 Day Price Move • Mar 18Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥20.44, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Commercial Services industry in China. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.27 per share.分析記事 • Mar 18Wangneng EnvironmentLtd (SZSE:002034) Takes On Some Risk With Its Use Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Valuation Update With 7 Day Price Move • Feb 25Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥17.91, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Commercial Services industry in China. Total loss to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.79 per share.分析記事 • Feb 24Wangneng Environment Co.,Ltd's (SZSE:002034) Business And Shares Still Trailing The MarketWhen close to half the companies in China have price-to-earnings ratios (or "P/E's") above 39x, you may consider...お知らせ • Dec 31Wangneng Environment Co.,Ltd to Report Fiscal Year 2024 Results on Apr 18, 2025Wangneng Environment Co.,Ltd announced that they will report fiscal year 2024 results on Apr 18, 2025お知らせ • Nov 28Wangneng Environment Co.,Ltd (SZSE:002034) announces an Equity Buyback for CNY 100 million worth of its shares.Wangneng Environment Co.,Ltd (SZSE:002034) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 22 per share. The shares repurchased will be used for Equity incentive plans, employee stock ownership plans, or conversion of convertible corporate bonds. The program will be funded from company's own funds and special loan funds. The program will be valid for a period of 12 months.Major Estimate Revision • Nov 05Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥3.40b to CN¥3.23b. EPS estimate also fell from CN¥1.67 per share to CN¥1.47 per share. Net income forecast to grow 24% next year vs 45% growth forecast for Commercial Services industry in China. Consensus price target broadly unchanged at CN¥17.56. Share price was steady at CN¥15.15 over the past week.Reported Earnings • Oct 30Third quarter 2024 earnings released: EPS: CN¥0.35 (vs CN¥0.38 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.35 (down from CN¥0.38 in 3Q 2023). Revenue: CN¥839.1m (down 2.5% from 3Q 2023). Net income: CN¥149.6m (down 9.6% from 3Q 2023). Profit margin: 18% (down from 19% in 3Q 2023). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 2% per year.Upcoming Dividend • Oct 04Upcoming dividend of CN¥0.20 per shareEligible shareholders must have bought the stock before 11 October 2024. Payment date: 11 October 2024. Payout ratio is a comfortable 49% and the cash payout ratio is 90%. Trailing yield: 3.8%. Within top quartile of Chinese dividend payers (2.2%). Higher than average of industry peers (1.6%).お知らせ • Sep 30Wangneng Environment Co.,Ltd to Report Q3, 2024 Results on Oct 30, 2024Wangneng Environment Co.,Ltd announced that they will report Q3, 2024 results on Oct 30, 2024Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥15.80, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Commercial Services industry in China. Total loss to shareholders of 22% over the past three years.お知らせ • Sep 20Wangneng Environment Co.,Ltd Approves Interim Cash Dividend for the Year 2024Wangneng Environment Co.,Ltd at its Extraordinary General Meeting held on 18 September 2024, approved interim cash dividend per ten shares (tax included) of CNY 2.00000000 for the year 2024.Reported Earnings • Sep 02Second quarter 2024 earnings released: EPS: CN¥0.42 (vs CN¥0.44 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.42 (down from CN¥0.44 in 2Q 2023). Revenue: CN¥803.6m (up 19% from 2Q 2023). Net income: CN¥181.3m (down 3.2% from 2Q 2023). Profit margin: 23% (down from 28% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.お知らせ • Aug 31Wangneng Environment Co.,Ltd Announces Interim Cash Dividend Proposal for the First Half of 2024Wangneng Environment Co.,Ltd announced interim profit distribution proposal for the first half of 2024 as: Cash dividend/10 shares (tax included) of CNY 2.00000000.分析記事 • Aug 13Wangneng EnvironmentLtd (SZSE:002034) Hasn't Managed To Accelerate Its ReturnsWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? One...Buy Or Sell Opportunity • Jul 26Now 21% overvaluedOver the last 90 days, the stock has fallen 8.7% to CN¥12.82. The fair value is estimated to be CN¥10.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 32% in the next 2 years.Buy Or Sell Opportunity • Jul 11Now 22% overvaluedOver the last 90 days, the stock has fallen 5.6% to CN¥13.05. The fair value is estimated to be CN¥10.66, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 32% in the next 2 years.お知らせ • Jul 08Wangneng Environment Co.,Ltd (SZSE:002034) commences an Equity Buyback for CNY 50 million worth of its shares, under the authorization approved on February 23, 2024.Wangneng Environment Co.,Ltd (SZSE:002034) commences share repurchases on July 5, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on February 23, 2024. As per the mandate, the company is authorized to repurchase its own shares for a total of CNY 50 million. The shares will be purchased at a price not exceeding CNY 13 per share. The purpose of the program is to safeguard the company's value and protect the rights and interests of investors, based on its confidence in the company's development prospects and reasonable judgment on the company's value. All the shares repurchased will be used for cancellation to reduce the company's registered capital. The program will be funded from company's own funds. The program will be valid for 12 months from the date of the shareholder's meeting.お知らせ • Jun 29Wangneng Environment Co.,Ltd to Report First Half, 2024 Results on Aug 30, 2024Wangneng Environment Co.,Ltd announced that they will report first half, 2024 results on Aug 30, 2024分析記事 • Jun 02Wangneng EnvironmentLtd's (SZSE:002034) Dividend Will Be CN¥0.30The board of Wangneng Environment Co.,Ltd ( SZSE:002034 ) has announced that it will pay a dividend of CN¥0.30 per...Declared Dividend • Jun 01Dividend of CN¥0.30 announcedShareholders will receive a dividend of CN¥0.30. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 3.3%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • May 31Wangneng Environment Co.,Ltd Announces Final Cash Dividend Plan on A Share for 2023, Payable on 06 June 2024Wangneng Environment Co.,Ltd announced final profit distribution plan to be implemented (A shares) with Cash dividend/10 shares (tax included) of CNY 3.00000000 for 2023. Record date is 05 June 2024, Ex-date is 06 June 2024, Payment date is 06 June 2024.Major Estimate Revision • May 03Consensus revenue estimates fall by 22%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥4.38b to CN¥3.41b. EPS estimate fell from CN¥2.21 to CN¥1.67 per share. Net income forecast to grow 19% next year vs 41% growth forecast for Commercial Services industry in China. Consensus price target down from CN¥20.88 to CN¥17.65. Share price rose 2.7% to CN¥14.42 over the past week.分析記事 • May 01Analysts Are More Bearish On Wangneng Environment Co.,Ltd (SZSE:002034) Than They Used To BeThe analysts covering Wangneng Environment Co.,Ltd ( SZSE:002034 ) delivered a dose of negativity to shareholders...お知らせ • Apr 29Wangneng Environment Co.,Ltd, Annual General Meeting, May 21, 2024Wangneng Environment Co.,Ltd, Annual General Meeting, May 21, 2024, at 14:45 China Standard Time. Location: 3F, Block F, No. 899, Huanshan Road, Longxi Subdistrict, Wuxing District, Huzhou, Zhejiang ChinaBuy Or Sell Opportunity • Apr 20Now 20% overvaluedOver the last 90 days, the stock has fallen 5.6% to CN¥14.02. The fair value is estimated to be CN¥11.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 5.3%. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 57% in the next 2 years.New Risk • Apr 02New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Apr 02Full year 2023 earnings released: EPS: CN¥1.37 (vs CN¥1.69 in FY 2022)Full year 2023 results: EPS: CN¥1.37 (down from CN¥1.69 in FY 2022). Revenue: CN¥3.20b (down 4.6% from FY 2022). Net income: CN¥590.5m (down 18% from FY 2022). Profit margin: 19% (down from 22% in FY 2022). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.お知らせ • Mar 30Wangneng Environment Co.,Ltd to Report Q1, 2024 Results on Apr 27, 2024Wangneng Environment Co.,Ltd announced that they will report Q1, 2024 results on Apr 27, 2024お知らせ • Jan 10Wangneng Environment Co.,Ltd Announces Board AppointmentsWangneng Environment Co.,Ltd announced that at the EGM was held on January 8, 2024, the company approved the appointment of Shan Chao, non-independent director, Fu Tao, independent director, Hu Junjie, independent director Xie Qiaoxin, independent director Huang Yongqiang, shareholder supervisor.お知らせ • Dec 30Wangneng Environment Co.,Ltd to Report Fiscal Year 2023 Results on Apr 27, 2024Wangneng Environment Co.,Ltd announced that they will report fiscal year 2023 results on Apr 27, 2024Price Target Changed • Nov 21Price target decreased by 9.5% to CN¥22.59Down from CN¥24.97, the current price target is an average from 2 analysts. New target price is 48% above last closing price of CN¥15.22. Stock is down 19% over the past year. The company is forecast to post earnings per share of CN¥1.67 for next year compared to CN¥1.69 last year.お知らせ • Nov 19Wangneng Environment Co.,Ltd Announces Implementation of Profit Distribution for the Third Quarter of 2023, Payable on 23 November 2023Wangneng Environment Co.,Ltd announced the implementation of Cash dividend (tax included) of CNY 2.00000000 per 10 A shares for the third quarter of 2023. Record date: 22 November 2023 with Ex-date: 23 November 2023. Payment date: 23 November 2023.お知らせ • Nov 15Wangneng Environment Co.,Ltd Approves Third Quarter Cash Dividend for the Year 2023Wangneng Environment Co.,Ltd announced at EGM held on November 13, 2023, approved third quarter Cash dividend/10 shares (tax included): CNY2.00000000 for the year 2023.お知らせ • Oct 29Wangneng Environment Co.,Ltd Proposes Quarterly DividendWangneng Environment Co.,Ltd on 27 October 2023 the profit distribution proposal for the third quarter of 2023 as follows: Cash dividend/10 shares (tax included): CNY 2.00000000.Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.38 (vs CN¥0.48 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.38 (down from CN¥0.48 in 3Q 2022). Revenue: CN¥860.3m (flat on 3Q 2022). Net income: CN¥165.5m (down 20% from 3Q 2022). Profit margin: 19% (down from 24% in 3Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 29Second quarter 2023 earnings released: EPS: CN¥0.44 (vs CN¥0.39 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.44 (up from CN¥0.39 in 2Q 2022). Revenue: CN¥674.9m (down 16% from 2Q 2022). Net income: CN¥187.2m (up 13% from 2Q 2022). Profit margin: 28% (up from 21% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.お知らせ • May 27Wangneng Environment Co.,Ltd Approves Final Cash Dividend on A Shares for 2022, Payable on 01 June 2023Wangneng Environment Co.,Ltd approved final Cash dividend/10 shares (tax included) (A Shares) of CNY 4.9999990 for 2022. Record date: 31 May 2023. Ex-date: 01 June 2023. Payment date: 01 June 2023.Major Estimate Revision • Apr 27Consensus revenue estimates decrease by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CN¥4.36b to CN¥3.85b. EPS estimate reaffirmed at CN¥2.21. Net income forecast to grow 40% next year vs 55% growth forecast for Commercial Services industry in China. Consensus price target down from CN¥26.35 to CN¥25.73. Share price was steady at CN¥16.92 over the past week.Major Estimate Revision • Apr 21Consensus revenue estimates decrease by 12%, EPS upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CN¥4.36b to CN¥3.85b. EPS estimate increased from CN¥2.21 to CN¥2.23 per share. Net income forecast to grow 33% next year vs 42% growth forecast for Commercial Services industry in China. Consensus price target down from CN¥26.35 to CN¥25.73. Share price fell 5.7% to CN¥16.76 over the past week.Reported Earnings • Mar 18Full year 2022 earnings released: EPS: CN¥1.66 (vs CN¥1.53 in FY 2021)Full year 2022 results: EPS: CN¥1.66 (up from CN¥1.53 in FY 2021). Revenue: CN¥3.37b (up 14% from FY 2021). Net income: CN¥713.2m (up 10% from FY 2021). Profit margin: 21% (in line with FY 2021). Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Commercial Services 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 10% per year, which means it is significantly lagging earnings growth.Price Target Changed • Nov 16Price target decreased to CN¥27.54Down from CN¥30.01, the current price target is an average from 3 analysts. New target price is 44% above last closing price of CN¥19.19. Stock is up 17% over the past year. The company is forecast to post earnings per share of CN¥1.68 for next year compared to CN¥1.53 last year.Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Mingkang Fang was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.48 (vs CN¥0.34 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.48 (up from CN¥0.34 in 3Q 2021). Revenue: CN¥864.0m (down 36% from 3Q 2021). Net income: CN¥205.6m (up 35% from 3Q 2021). Profit margin: 24% (up from 11% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jul 27Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥24.64, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Commercial Services industry in China. Total returns to shareholders of 69% over the past three years.お知らせ • Jun 07Wangneng Environment Co., Ltd., Annual General Meeting, Jun 20, 2022Wangneng Environment Co., Ltd., Annual General Meeting, Jun 20, 2022, at 14:50 China Standard Time. Agenda: To consider the provision of guarantee quota for subsidiaries.Board Change • Jun 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Mingkang Fang was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • May 27Wangneng Environment Co., Ltd. Announces Cash Dividend, Payable on 31 May 2022Wangneng Environment Co., Ltd. announced 2021 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included): CNY 2.99999300. Record date as 30 May 2022, ex-date as May 31, 2022 and payment date as May 31, 2022.お知らせ • May 21+ 1 more updateWangneng Environment Co., Ltd. Approves Cash Dividend for the Year 2021Wangneng Environment Co., Ltd. announced that at its Annual General Meeting held on 19 May 2022, approved cash dividend/10 shares (tax included) of CNY 3.00000000 for the year 2021.Reported Earnings • Apr 28Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: CN¥1.53 (up from CN¥1.25 in FY 2020). Revenue: CN¥2.97b (up 75% from FY 2020). Net income: CN¥648.0m (up 24% from FY 2020). Profit margin: 22% (down from 31% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 41%. Earnings per share (EPS) missed analyst estimates by 16%. Over the next year, revenue is forecast to grow 27%, compared to a 13% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Price Target Changed • Apr 27Price target increased to CN¥29.83Up from CN¥20.56, the current price target is an average from 3 analysts. New target price is 65% above last closing price of CN¥18.10. Stock is up 1.5% over the past year. The company is forecast to post earnings per share of CN¥2.03 for next year compared to CN¥1.50 last year.Reported Earnings • Jan 26Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: CN¥1.50 (up from CN¥1.25 in FY 2020). Revenue: CN¥3.28b (up 93% from FY 2020). Net income: CN¥645.1m (up 24% from FY 2020). Profit margin: 20% (down from 31% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 55%. Earnings per share (EPS) missed analyst estimates by 6.8%. Over the next year, revenue is expected to shrink by 24% compared to a 15% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥19.51, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Commercial Services industry in China. Total returns to shareholders of 73% over the past three years.Valuation Update With 7 Day Price Move • Oct 12Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to CN¥17.45, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Commercial Services industry in China. Total returns to shareholders of 76% over the past three years.Valuation Update With 7 Day Price Move • Sep 23Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥21.36, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Commercial Services industry in China. Total returns to shareholders of 64% over the past three years.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS CN¥0.44 (vs CN¥0.35 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥568.9m (up 39% from 2Q 2020). Net income: CN¥185.1m (up 28% from 2Q 2020). Profit margin: 33% (down from 35% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.お知らせ • May 25Wangneng Environment Co., Ltd. Announces 2020 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on 31 May 2021Wangneng Environment Co., Ltd. announced 2020 final profit distribution plan to be implemented (A shares) of CNY 5.00000000 per 10 shares (tax included), with Record date: 28 May 2021; Ex-date: 31 May 2021; and Payment date: 31 May 2021.お知らせ • May 22Wangneng Environment Co., Ltd. Approves Cash Dividend for the Year 2020Wangneng Environment Co., Ltd. at its annual general meeting held on May 20, 2021, approved cash dividend per ten shares (tax included) of CNY 5.00000000 for the year 2020.Reported Earnings • May 01First quarter 2021 earnings released: EPS CN¥0.35 (vs CN¥0.20 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥544.9m (up 66% from 1Q 2020). Net income: CN¥146.7m (up 72% from 1Q 2020). Profit margin: 27% (up from 26% 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 23% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.お知らせ • Apr 30Wangneng Environment Co., Ltd. Proposes Final Dividend for the Year 2020Wangneng Environment Co., Ltd. proposed final cash dividend of CNY 5.00000000 per 10 shares (tax included) for the year 2020.Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥18.88, the stock is trading at a trailing P/E ratio of 15.5x, up from the previous P/E ratio of 13.2x. This compares to an average P/E of 25x in the Commercial Services industry in China. Total return to shareholders over the past three years is a loss of 30%.Is New 90 Day High Low • Mar 01New 90-day high: CN¥18.08The company is up 7.0% from its price of CN¥16.86 on 01 December 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.31 per share.Reported Earnings • Jan 28Full year 2020 earnings released: EPS CN¥1.22 (vs CN¥0.99 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥1.70b (up 50% from FY 2019). Net income: CN¥513.2m (up 25% from FY 2019). Profit margin: 30% (down from 36% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.Analyst Estimate Surprise Post Earnings • Jan 28Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 3.4%. Over the next year, revenue is forecast to grow 3.8%, compared to a 31% growth forecast for the Commercial Services industry in China.お知らせ • Jan 20Wangneng Approves the Election of Cao Yue as Independent DirectorWangneng at its Extraordinary General Meeting of 2021 on 15 January 2021, approved the election of Cao Yue as independent director.Is New 90 Day High Low • Dec 08New 90-day low: CN¥16.16The company is down 13% from its price of CN¥18.48 on 09 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 Commercial Services industry, which is down 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.89 per share.Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥473.2m, up 19% from the prior year. Total revenue was CN¥1.45b over the last 12 months, up 32% from the prior year.Is New 90 Day High Low • Oct 22New 90-day low: CN¥16.25The company is down 18% from its price of CN¥19.80 on 24 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.96 per share.お知らせ • Oct 19Wangneng Environment Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020Wangneng Environment Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020Is New 90 Day High Low • Sep 24New 90-day low: CN¥17.16The company is down 4.0% from its price of CN¥17.93 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.92 per share.お知らせ • Jul 19Wangneng Environment Co., Ltd. to Report First Half, 2020 Results on Aug 12, 2020Wangneng Environment Co., Ltd. announced that they will report first half, 2020 results on Aug 12, 2020株主還元002034CN Commercial ServicesCN 市場7D-0.8%0.8%0.2%1Y-22.4%-3.2%9.7%株主還元を見る業界別リターン: 002034過去 1 年間で-3.2 % の収益を上げたCN Commercial Services業界を下回りました。リターン対市場: 002034は、過去 1 年間で9.7 % のリターンを上げたCN市場を下回りました。価格変動Is 002034's price volatile compared to industry and market?002034 volatility002034 Average Weekly Movement5.4%Commercial Services Industry Average Movement7.5%Market Average Movement7.3%10% most volatile stocks in CN Market12.5%10% least volatile stocks in CN Market4.4%安定した株価: 002034 、 CN市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 002034の 週次ボラティリティ ( 5% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19932,307Ping Songwww.wannaenergy.com王能環境有限公司は中国で固形廃棄物ソリューションを提供している。廃棄物焼却発電プラント、固形廃棄物、生ごみ、汚泥処理、その他の環境産業プロジェクトの投資、建設、運営に従事している。旧社名は浙江水田捺染集団有限公司で、2018年1月に王能環境有限公司に社名変更した。Wangneng Environment Co,Ltdは1993年に設立され、中国湖州市に本社を置く。もっと見るWangneng Environment Co.,Ltd 基礎のまとめWangneng EnvironmentLtd の収益と売上を時価総額と比較するとどうか。002034 基礎統計学時価総額CN¥7.07b収益（TTM）CN¥721.69m売上高(TTM)CN¥3.21b9.8xPER（株価収益率2.2xP/Sレシオ002034 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計002034 損益計算書（TTM）収益CN¥3.21b売上原価CN¥1.87b売上総利益CN¥1.34bその他の費用CN¥616.11m収益CN¥721.69m直近の収益報告Mar 31, 2026次回決算日Aug 26, 2026一株当たり利益（EPS）1.42グロス・マージン41.73%純利益率22.51%有利子負債／自己資本比率63.1%002034 の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/16 23:21終値2026/08/14 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Wangneng Environment Co.,Ltd 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Weijia WangHuatai ResearchYi CaiIndustrial Securities Co. Ltd.
New Risk • Jul 30New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 138% This is considered a major 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: Major Risk Shareholders have been substantially diluted in the past year (138% increase in shares outstanding). Minor Risk High level of debt (55% net debt to equity).
お知らせ • Jun 30Wangneng Environment Co.,Ltd to Report First Half, 2026 Results on Aug 26, 2026Wangneng Environment Co.,Ltd announced that they will report first half, 2026 results on Aug 26, 2026
Valuation Update With 7 Day Price Move • Jun 10Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥17.10, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Commercial Services industry in China. Total returns to shareholders of 18% over the past three years.
New Risk • May 20New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% 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 (55% net debt to equity). Shareholders have been diluted in the past year (17% increase in shares outstanding).
New Risk • May 15New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 55% 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. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥21.47, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Commercial Services industry in China. Total returns to shareholders of 38% over the past three years.
New Risk • Jul 30New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 138% This is considered a major 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: Major Risk Shareholders have been substantially diluted in the past year (138% increase in shares outstanding). Minor Risk High level of debt (55% net debt to equity).
お知らせ • Jun 30Wangneng Environment Co.,Ltd to Report First Half, 2026 Results on Aug 26, 2026Wangneng Environment Co.,Ltd announced that they will report first half, 2026 results on Aug 26, 2026
Valuation Update With 7 Day Price Move • Jun 10Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥17.10, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Commercial Services industry in China. Total returns to shareholders of 18% over the past three years.
New Risk • May 20New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% 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 (55% net debt to equity). Shareholders have been diluted in the past year (17% increase in shares outstanding).
New Risk • May 15New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 55% 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. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥21.47, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Commercial Services industry in China. Total returns to shareholders of 38% over the past three years.
Major Estimate Revision • Apr 24Consensus EPS estimates increase by 19%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from CN¥1.45 to CN¥1.73. Revenue forecast unchanged at CN¥3.46b. Net income forecast to grow 4.3% next year vs 31% growth forecast for Commercial Services industry in China. Consensus price target up from CN¥21.39 to CN¥24.91. Share price fell 11% to CN¥17.19 over the past week.
お知らせ • Apr 20Wangneng Environment Co.,Ltd, Annual General Meeting, May 12, 2026Wangneng Environment Co.,Ltd, Annual General Meeting, May 12, 2026, at 14:30 China Standard Time. Location: 3F, Tower F, No. 899, Huanshan Road, Longxi Subdistrict, Wuxing District, Huzhou, Zhejiang China
Reported Earnings • Apr 19Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: CN¥1.69 (up from CN¥1.31 in FY 2024). Revenue: CN¥3.24b (up 2.2% from FY 2024). Net income: CN¥721.2m (up 29% from FY 2024). Profit margin: 22% (up from 18% in FY 2024). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
お知らせ • Mar 31Wangneng Environment Co.,Ltd to Report Q1, 2026 Results on Apr 28, 2026Wangneng Environment Co.,Ltd announced that they will report Q1, 2026 results on Apr 28, 2026
お知らせ • Dec 31Wangneng Environment Co.,Ltd to Report Fiscal Year 2025 Results on Apr 18, 2026Wangneng Environment Co.,Ltd announced that they will report fiscal year 2025 results on Apr 18, 2026
Board Change • Dec 12High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Bin Kuang was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 02Third quarter 2025 earnings released: EPS: CN¥0.39 (vs CN¥0.35 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.39 (up from CN¥0.35 in 3Q 2024). Revenue: CN¥853.7m (up 1.7% from 3Q 2024). Net income: CN¥169.6m (up 13% from 3Q 2024). Profit margin: 20% (up from 18% in 3Q 2024). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Commercial Services industry in China. 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 4% per year, which means it has not declined as severely as earnings.
Declared Dividend • Oct 19First half dividend reduced to CN¥0.20Dividend of CN¥0.20 is 0.07% lower than last year. Ex-date: 21st October 2025 Payment date: 21st October 2025 Dividend yield will be 2.9%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Sep 30Wangneng Environment Co.,Ltd to Report Q3, 2025 Results on Oct 30, 2025Wangneng Environment Co.,Ltd announced that they will report Q3, 2025 results on Oct 30, 2025
Price Target Changed • Sep 05Price target increased by 20% to CN¥21.39Up from CN¥17.80, the current price target is provided by 1 analyst. New target price is 24% above last closing price of CN¥17.24. Stock is up 28% over the past year. The company is forecast to post earnings per share of CN¥1.38 for next year compared to CN¥1.31 last year.
お知らせ • Jul 02Wangneng Environment Co.,Ltd to Report First Half, 2025 Results on Aug 28, 2025Wangneng Environment Co.,Ltd announced that they will report first half, 2025 results on Aug 28, 2025
お知らせ • May 27Wangneng Environment Co.,Ltd Approves Cash Dividend for 2024Wangneng Environment Co.,Ltd approved a cash dividend of CNY 3.00000000 per 10 shares (tax included) for 2024, at its AGM held on 23 May 2025.
Major Estimate Revision • Apr 24Consensus EPS estimates fall by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥3.52b to CN¥3.32b. EPS estimate also fell from CN¥1.78 per share to CN¥1.38 per share. Net income forecast to grow 6.5% next year vs 28% growth forecast for Commercial Services industry in China. Consensus price target down from CN¥18.87 to CN¥17.80. Share price was steady at CN¥16.42 over the past week.
New Risk • Apr 20New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 32% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks High level of debt (74% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
お知らせ • Apr 19Wangneng Environment Co.,Ltd Proposes Final Cash Dividend for 2024Wangneng Environment Co.,Ltd announced on 18 April 2025 the profit distribution proposal for 2024 as follows: Final cash dividend per 10 shares (tax included) of CNY 3.00000000.
Reported Earnings • Apr 18Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥1.31 (down from CN¥1.40 in FY 2023). Revenue: CN¥3.17b (flat on FY 2023). Net income: CN¥560.9m (down 7.0% from FY 2023). Profit margin: 18% (down from 19% in FY 2023). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 4% per year.
お知らせ • Apr 18Wangneng Environment Co.,Ltd, Annual General Meeting, May 23, 2025Wangneng Environment Co.,Ltd, Annual General Meeting, May 23, 2025, at 14:30 China Standard Time. Location: 3F, Tower F, No. 899, Huanshan Road, Longxi Subdistrict, Wuxing District, Huzhou, Zhejiang China
お知らせ • Mar 31Wangneng Environment Co.,Ltd to Report Q1, 2025 Results on Apr 30, 2025Wangneng Environment Co.,Ltd announced that they will report Q1, 2025 results on Apr 30, 2025
Valuation Update With 7 Day Price Move • Mar 18Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥20.44, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Commercial Services industry in China. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.27 per share.
分析記事 • Mar 18Wangneng EnvironmentLtd (SZSE:002034) Takes On Some Risk With Its Use Of DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Valuation Update With 7 Day Price Move • Feb 25Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥17.91, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Commercial Services industry in China. Total loss to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.79 per share.
分析記事 • Feb 24Wangneng Environment Co.,Ltd's (SZSE:002034) Business And Shares Still Trailing The MarketWhen close to half the companies in China have price-to-earnings ratios (or "P/E's") above 39x, you may consider...
お知らせ • Dec 31Wangneng Environment Co.,Ltd to Report Fiscal Year 2024 Results on Apr 18, 2025Wangneng Environment Co.,Ltd announced that they will report fiscal year 2024 results on Apr 18, 2025
お知らせ • Nov 28Wangneng Environment Co.,Ltd (SZSE:002034) announces an Equity Buyback for CNY 100 million worth of its shares.Wangneng Environment Co.,Ltd (SZSE:002034) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 22 per share. The shares repurchased will be used for Equity incentive plans, employee stock ownership plans, or conversion of convertible corporate bonds. The program will be funded from company's own funds and special loan funds. The program will be valid for a period of 12 months.
Major Estimate Revision • Nov 05Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥3.40b to CN¥3.23b. EPS estimate also fell from CN¥1.67 per share to CN¥1.47 per share. Net income forecast to grow 24% next year vs 45% growth forecast for Commercial Services industry in China. Consensus price target broadly unchanged at CN¥17.56. Share price was steady at CN¥15.15 over the past week.
Reported Earnings • Oct 30Third quarter 2024 earnings released: EPS: CN¥0.35 (vs CN¥0.38 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.35 (down from CN¥0.38 in 3Q 2023). Revenue: CN¥839.1m (down 2.5% from 3Q 2023). Net income: CN¥149.6m (down 9.6% from 3Q 2023). Profit margin: 18% (down from 19% in 3Q 2023). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 2% per year.
Upcoming Dividend • Oct 04Upcoming dividend of CN¥0.20 per shareEligible shareholders must have bought the stock before 11 October 2024. Payment date: 11 October 2024. Payout ratio is a comfortable 49% and the cash payout ratio is 90%. Trailing yield: 3.8%. Within top quartile of Chinese dividend payers (2.2%). Higher than average of industry peers (1.6%).
お知らせ • Sep 30Wangneng Environment Co.,Ltd to Report Q3, 2024 Results on Oct 30, 2024Wangneng Environment Co.,Ltd announced that they will report Q3, 2024 results on Oct 30, 2024
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥15.80, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Commercial Services industry in China. Total loss to shareholders of 22% over the past three years.
お知らせ • Sep 20Wangneng Environment Co.,Ltd Approves Interim Cash Dividend for the Year 2024Wangneng Environment Co.,Ltd at its Extraordinary General Meeting held on 18 September 2024, approved interim cash dividend per ten shares (tax included) of CNY 2.00000000 for the year 2024.
Reported Earnings • Sep 02Second quarter 2024 earnings released: EPS: CN¥0.42 (vs CN¥0.44 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.42 (down from CN¥0.44 in 2Q 2023). Revenue: CN¥803.6m (up 19% from 2Q 2023). Net income: CN¥181.3m (down 3.2% from 2Q 2023). Profit margin: 23% (down from 28% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings.
お知らせ • Aug 31Wangneng Environment Co.,Ltd Announces Interim Cash Dividend Proposal for the First Half of 2024Wangneng Environment Co.,Ltd announced interim profit distribution proposal for the first half of 2024 as: Cash dividend/10 shares (tax included) of CNY 2.00000000.
分析記事 • Aug 13Wangneng EnvironmentLtd (SZSE:002034) Hasn't Managed To Accelerate Its ReturnsWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? One...
Buy Or Sell Opportunity • Jul 26Now 21% overvaluedOver the last 90 days, the stock has fallen 8.7% to CN¥12.82. The fair value is estimated to be CN¥10.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 32% in the next 2 years.
Buy Or Sell Opportunity • Jul 11Now 22% overvaluedOver the last 90 days, the stock has fallen 5.6% to CN¥13.05. The fair value is estimated to be CN¥10.66, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 32% in the next 2 years.
お知らせ • Jul 08Wangneng Environment Co.,Ltd (SZSE:002034) commences an Equity Buyback for CNY 50 million worth of its shares, under the authorization approved on February 23, 2024.Wangneng Environment Co.,Ltd (SZSE:002034) commences share repurchases on July 5, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on February 23, 2024. As per the mandate, the company is authorized to repurchase its own shares for a total of CNY 50 million. The shares will be purchased at a price not exceeding CNY 13 per share. The purpose of the program is to safeguard the company's value and protect the rights and interests of investors, based on its confidence in the company's development prospects and reasonable judgment on the company's value. All the shares repurchased will be used for cancellation to reduce the company's registered capital. The program will be funded from company's own funds. The program will be valid for 12 months from the date of the shareholder's meeting.
お知らせ • Jun 29Wangneng Environment Co.,Ltd to Report First Half, 2024 Results on Aug 30, 2024Wangneng Environment Co.,Ltd announced that they will report first half, 2024 results on Aug 30, 2024
分析記事 • Jun 02Wangneng EnvironmentLtd's (SZSE:002034) Dividend Will Be CN¥0.30The board of Wangneng Environment Co.,Ltd ( SZSE:002034 ) has announced that it will pay a dividend of CN¥0.30 per...
Declared Dividend • Jun 01Dividend of CN¥0.30 announcedShareholders will receive a dividend of CN¥0.30. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 3.3%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • May 31Wangneng Environment Co.,Ltd Announces Final Cash Dividend Plan on A Share for 2023, Payable on 06 June 2024Wangneng Environment Co.,Ltd announced final profit distribution plan to be implemented (A shares) with Cash dividend/10 shares (tax included) of CNY 3.00000000 for 2023. Record date is 05 June 2024, Ex-date is 06 June 2024, Payment date is 06 June 2024.
Major Estimate Revision • May 03Consensus revenue estimates fall by 22%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥4.38b to CN¥3.41b. EPS estimate fell from CN¥2.21 to CN¥1.67 per share. Net income forecast to grow 19% next year vs 41% growth forecast for Commercial Services industry in China. Consensus price target down from CN¥20.88 to CN¥17.65. Share price rose 2.7% to CN¥14.42 over the past week.
分析記事 • May 01Analysts Are More Bearish On Wangneng Environment Co.,Ltd (SZSE:002034) Than They Used To BeThe analysts covering Wangneng Environment Co.,Ltd ( SZSE:002034 ) delivered a dose of negativity to shareholders...
お知らせ • Apr 29Wangneng Environment Co.,Ltd, Annual General Meeting, May 21, 2024Wangneng Environment Co.,Ltd, Annual General Meeting, May 21, 2024, at 14:45 China Standard Time. Location: 3F, Block F, No. 899, Huanshan Road, Longxi Subdistrict, Wuxing District, Huzhou, Zhejiang China
Buy Or Sell Opportunity • Apr 20Now 20% overvaluedOver the last 90 days, the stock has fallen 5.6% to CN¥14.02. The fair value is estimated to be CN¥11.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 5.3%. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 57% in the next 2 years.
New Risk • Apr 02New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Apr 02Full year 2023 earnings released: EPS: CN¥1.37 (vs CN¥1.69 in FY 2022)Full year 2023 results: EPS: CN¥1.37 (down from CN¥1.69 in FY 2022). Revenue: CN¥3.20b (down 4.6% from FY 2022). Net income: CN¥590.5m (down 18% from FY 2022). Profit margin: 19% (down from 22% in FY 2022). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
お知らせ • Mar 30Wangneng Environment Co.,Ltd to Report Q1, 2024 Results on Apr 27, 2024Wangneng Environment Co.,Ltd announced that they will report Q1, 2024 results on Apr 27, 2024
お知らせ • Jan 10Wangneng Environment Co.,Ltd Announces Board AppointmentsWangneng Environment Co.,Ltd announced that at the EGM was held on January 8, 2024, the company approved the appointment of Shan Chao, non-independent director, Fu Tao, independent director, Hu Junjie, independent director Xie Qiaoxin, independent director Huang Yongqiang, shareholder supervisor.
お知らせ • Dec 30Wangneng Environment Co.,Ltd to Report Fiscal Year 2023 Results on Apr 27, 2024Wangneng Environment Co.,Ltd announced that they will report fiscal year 2023 results on Apr 27, 2024
Price Target Changed • Nov 21Price target decreased by 9.5% to CN¥22.59Down from CN¥24.97, the current price target is an average from 2 analysts. New target price is 48% above last closing price of CN¥15.22. Stock is down 19% over the past year. The company is forecast to post earnings per share of CN¥1.67 for next year compared to CN¥1.69 last year.
お知らせ • Nov 19Wangneng Environment Co.,Ltd Announces Implementation of Profit Distribution for the Third Quarter of 2023, Payable on 23 November 2023Wangneng Environment Co.,Ltd announced the implementation of Cash dividend (tax included) of CNY 2.00000000 per 10 A shares for the third quarter of 2023. Record date: 22 November 2023 with Ex-date: 23 November 2023. Payment date: 23 November 2023.
お知らせ • Nov 15Wangneng Environment Co.,Ltd Approves Third Quarter Cash Dividend for the Year 2023Wangneng Environment Co.,Ltd announced at EGM held on November 13, 2023, approved third quarter Cash dividend/10 shares (tax included): CNY2.00000000 for the year 2023.
お知らせ • Oct 29Wangneng Environment Co.,Ltd Proposes Quarterly DividendWangneng Environment Co.,Ltd on 27 October 2023 the profit distribution proposal for the third quarter of 2023 as follows: Cash dividend/10 shares (tax included): CNY 2.00000000.
Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.38 (vs CN¥0.48 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.38 (down from CN¥0.48 in 3Q 2022). Revenue: CN¥860.3m (flat on 3Q 2022). Net income: CN¥165.5m (down 20% from 3Q 2022). Profit margin: 19% (down from 24% in 3Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 29Second quarter 2023 earnings released: EPS: CN¥0.44 (vs CN¥0.39 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.44 (up from CN¥0.39 in 2Q 2022). Revenue: CN¥674.9m (down 16% from 2Q 2022). Net income: CN¥187.2m (up 13% from 2Q 2022). Profit margin: 28% (up from 21% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
お知らせ • May 27Wangneng Environment Co.,Ltd Approves Final Cash Dividend on A Shares for 2022, Payable on 01 June 2023Wangneng Environment Co.,Ltd approved final Cash dividend/10 shares (tax included) (A Shares) of CNY 4.9999990 for 2022. Record date: 31 May 2023. Ex-date: 01 June 2023. Payment date: 01 June 2023.
Major Estimate Revision • Apr 27Consensus revenue estimates decrease by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CN¥4.36b to CN¥3.85b. EPS estimate reaffirmed at CN¥2.21. Net income forecast to grow 40% next year vs 55% growth forecast for Commercial Services industry in China. Consensus price target down from CN¥26.35 to CN¥25.73. Share price was steady at CN¥16.92 over the past week.
Major Estimate Revision • Apr 21Consensus revenue estimates decrease by 12%, EPS upgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CN¥4.36b to CN¥3.85b. EPS estimate increased from CN¥2.21 to CN¥2.23 per share. Net income forecast to grow 33% next year vs 42% growth forecast for Commercial Services industry in China. Consensus price target down from CN¥26.35 to CN¥25.73. Share price fell 5.7% to CN¥16.76 over the past week.
Reported Earnings • Mar 18Full year 2022 earnings released: EPS: CN¥1.66 (vs CN¥1.53 in FY 2021)Full year 2022 results: EPS: CN¥1.66 (up from CN¥1.53 in FY 2021). Revenue: CN¥3.37b (up 14% from FY 2021). Net income: CN¥713.2m (up 10% from FY 2021). Profit margin: 21% (in line with FY 2021). Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Commercial Services 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 10% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Nov 16Price target decreased to CN¥27.54Down from CN¥30.01, the current price target is an average from 3 analysts. New target price is 44% above last closing price of CN¥19.19. Stock is up 17% over the past year. The company is forecast to post earnings per share of CN¥1.68 for next year compared to CN¥1.53 last year.
Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Mingkang Fang was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.48 (vs CN¥0.34 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.48 (up from CN¥0.34 in 3Q 2021). Revenue: CN¥864.0m (down 36% from 3Q 2021). Net income: CN¥205.6m (up 35% from 3Q 2021). Profit margin: 24% (up from 11% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jul 27Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥24.64, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Commercial Services industry in China. Total returns to shareholders of 69% over the past three years.
お知らせ • Jun 07Wangneng Environment Co., Ltd., Annual General Meeting, Jun 20, 2022Wangneng Environment Co., Ltd., Annual General Meeting, Jun 20, 2022, at 14:50 China Standard Time. Agenda: To consider the provision of guarantee quota for subsidiaries.
Board Change • Jun 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Mingkang Fang was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • May 27Wangneng Environment Co., Ltd. Announces Cash Dividend, Payable on 31 May 2022Wangneng Environment Co., Ltd. announced 2021 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included): CNY 2.99999300. Record date as 30 May 2022, ex-date as May 31, 2022 and payment date as May 31, 2022.
お知らせ • May 21+ 1 more updateWangneng Environment Co., Ltd. Approves Cash Dividend for the Year 2021Wangneng Environment Co., Ltd. announced that at its Annual General Meeting held on 19 May 2022, approved cash dividend/10 shares (tax included) of CNY 3.00000000 for the year 2021.
Reported Earnings • Apr 28Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: CN¥1.53 (up from CN¥1.25 in FY 2020). Revenue: CN¥2.97b (up 75% from FY 2020). Net income: CN¥648.0m (up 24% from FY 2020). Profit margin: 22% (down from 31% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 41%. Earnings per share (EPS) missed analyst estimates by 16%. Over the next year, revenue is forecast to grow 27%, compared to a 13% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Apr 27Price target increased to CN¥29.83Up from CN¥20.56, the current price target is an average from 3 analysts. New target price is 65% above last closing price of CN¥18.10. Stock is up 1.5% over the past year. The company is forecast to post earnings per share of CN¥2.03 for next year compared to CN¥1.50 last year.
Reported Earnings • Jan 26Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: CN¥1.50 (up from CN¥1.25 in FY 2020). Revenue: CN¥3.28b (up 93% from FY 2020). Net income: CN¥645.1m (up 24% from FY 2020). Profit margin: 20% (down from 31% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 55%. Earnings per share (EPS) missed analyst estimates by 6.8%. Over the next year, revenue is expected to shrink by 24% compared to a 15% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥19.51, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Commercial Services industry in China. Total returns to shareholders of 73% over the past three years.
Valuation Update With 7 Day Price Move • Oct 12Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to CN¥17.45, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Commercial Services industry in China. Total returns to shareholders of 76% over the past three years.
Valuation Update With 7 Day Price Move • Sep 23Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥21.36, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Commercial Services industry in China. Total returns to shareholders of 64% over the past three years.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS CN¥0.44 (vs CN¥0.35 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥568.9m (up 39% from 2Q 2020). Net income: CN¥185.1m (up 28% from 2Q 2020). Profit margin: 33% (down from 35% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
お知らせ • May 25Wangneng Environment Co., Ltd. Announces 2020 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on 31 May 2021Wangneng Environment Co., Ltd. announced 2020 final profit distribution plan to be implemented (A shares) of CNY 5.00000000 per 10 shares (tax included), with Record date: 28 May 2021; Ex-date: 31 May 2021; and Payment date: 31 May 2021.
お知らせ • May 22Wangneng Environment Co., Ltd. Approves Cash Dividend for the Year 2020Wangneng Environment Co., Ltd. at its annual general meeting held on May 20, 2021, approved cash dividend per ten shares (tax included) of CNY 5.00000000 for the year 2020.
Reported Earnings • May 01First quarter 2021 earnings released: EPS CN¥0.35 (vs CN¥0.20 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥544.9m (up 66% from 1Q 2020). Net income: CN¥146.7m (up 72% from 1Q 2020). Profit margin: 27% (up from 26% 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 23% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
お知らせ • Apr 30Wangneng Environment Co., Ltd. Proposes Final Dividend for the Year 2020Wangneng Environment Co., Ltd. proposed final cash dividend of CNY 5.00000000 per 10 shares (tax included) for the year 2020.
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥18.88, the stock is trading at a trailing P/E ratio of 15.5x, up from the previous P/E ratio of 13.2x. This compares to an average P/E of 25x in the Commercial Services industry in China. Total return to shareholders over the past three years is a loss of 30%.
Is New 90 Day High Low • Mar 01New 90-day high: CN¥18.08The company is up 7.0% from its price of CN¥16.86 on 01 December 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.31 per share.
Reported Earnings • Jan 28Full year 2020 earnings released: EPS CN¥1.22 (vs CN¥0.99 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥1.70b (up 50% from FY 2019). Net income: CN¥513.2m (up 25% from FY 2019). Profit margin: 30% (down from 36% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
Analyst Estimate Surprise Post Earnings • Jan 28Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 3.4%. Over the next year, revenue is forecast to grow 3.8%, compared to a 31% growth forecast for the Commercial Services industry in China.
お知らせ • Jan 20Wangneng Approves the Election of Cao Yue as Independent DirectorWangneng at its Extraordinary General Meeting of 2021 on 15 January 2021, approved the election of Cao Yue as independent director.
Is New 90 Day High Low • Dec 08New 90-day low: CN¥16.16The company is down 13% from its price of CN¥18.48 on 09 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 Commercial Services industry, which is down 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.89 per share.
Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥473.2m, up 19% from the prior year. Total revenue was CN¥1.45b over the last 12 months, up 32% from the prior year.
Is New 90 Day High Low • Oct 22New 90-day low: CN¥16.25The company is down 18% from its price of CN¥19.80 on 24 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.96 per share.
お知らせ • Oct 19Wangneng Environment Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020Wangneng Environment Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020
Is New 90 Day High Low • Sep 24New 90-day low: CN¥17.16The company is down 4.0% from its price of CN¥17.93 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.92 per share.
お知らせ • Jul 19Wangneng Environment Co., Ltd. to Report First Half, 2020 Results on Aug 12, 2020Wangneng Environment Co., Ltd. announced that they will report first half, 2020 results on Aug 12, 2020
