View Financial HealthGuangzhou Development Group 配当と自社株買い配当金 基準チェック /46Guangzhou Development Group配当を支払う会社であり、現在の利回りは5.6%で、収益によって十分にカバーされています。主要情報5.6%配当利回り0.007%バイバック利回り総株主利回り5.6%将来の配当利回りn/a配当成長10.9%次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向51%最近の配当と自社株買いの更新Declared Dividend • Jun 21Dividend of CN¥0.25 announcedShareholders will receive a dividend of CN¥0.25. Ex-date: 26th June 2026 Payment date: 26th June 2026 Dividend yield will be 5.3%, which is lower than the industry average of 8.0%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 2.2% over the next 3 years. However, it would need to fall by 43% to increase the payout ratio to a potentially unsustainable range.Declared Dividend • Jun 22Dividend increased to CN¥0.27Dividend of CN¥0.27 is 8.0% higher than last year. Ex-date: 27th June 2025 Payment date: 27th June 2025 Dividend yield will be 4.1%, which is lower than the industry average of 8.0%. Sustainability & Growth Dividend is covered by earnings (54% earnings payout ratio) but not adequately covered by cash flows (96% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.分析記事 • Jun 21Guangzhou Development Group (SHSE:600098) Will Pay A Larger Dividend Than Last Year At CN¥0.25Guangzhou Development Group Incorporated's ( SHSE:600098 ) dividend will be increasing from last year's payment of the...Declared Dividend • Jun 21Dividend increased to CN¥0.25Dividend of CN¥0.25 is 25% higher than last year. Ex-date: 27th June 2024 Payment date: 27th June 2024 Dividend yield will be 3.8%, which is lower than the industry average of 8.0%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover.すべての更新を表示Recent updatesお知らせ • Jun 30Guangzhou Development Group Incorporated to Report First Half, 2026 Results on Aug 31, 2026Guangzhou Development Group Incorporated announced that they will report first half, 2026 results on Aug 31, 2026Declared Dividend • Jun 21Dividend of CN¥0.25 announcedShareholders will receive a dividend of CN¥0.25. Ex-date: 26th June 2026 Payment date: 26th June 2026 Dividend yield will be 5.3%, which is lower than the industry average of 8.0%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 2.2% over the next 3 years. However, it would need to fall by 43% to increase the payout ratio to a potentially unsustainable range.New Risk • May 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.お知らせ • Apr 30Guangzhou Development Group Incorporated, Annual General Meeting, May 29, 2026Guangzhou Development Group Incorporated, Annual General Meeting, May 29, 2026, at 09:30 China Standard Time. Location: 6F, No. 3, Linjiang Avenue, Guangzhou, Guangdong ChinaReported Earnings • Apr 15Full year 2025 earnings: EPS in line with analyst expectations despite revenue beatFull year 2025 results: EPS: CN¥0.66 (up from CN¥0.49 in FY 2024). Revenue: CN¥50.9b (up 5.3% from FY 2024). Net income: CN¥2.32b (up 34% from FY 2024). Profit margin: 4.6% (up from 3.6% in FY 2024). Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 1.5% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Oil and Gas industry in China. 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 5% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 30Guangzhou Development Group Incorporated to Report Q1, 2026 Results on Apr 30, 2026Guangzhou Development Group Incorporated announced that they will report Q1, 2026 results on Apr 30, 2026お知らせ • Dec 26Guangzhou Development Group Incorporated to Report Fiscal Year 2025 Results on Apr 18, 2026Guangzhou Development Group Incorporated announced that they will report fiscal year 2025 results on Apr 18, 2026Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: CN¥0.15 (vs CN¥0.13 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.15 (up from CN¥0.13 in 3Q 2024). Revenue: CN¥14.6b (up 11% from 3Q 2024). Net income: CN¥523.8m (up 19% from 3Q 2024). Profit margin: 3.6% (up from 3.3% in 3Q 2024). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.New Risk • Oct 31New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (155% cash payout ratio). Large one-off items impacting financial results.お知らせ • Sep 30Guangzhou Development Group Incorporated to Report Q3, 2025 Results on Oct 31, 2025Guangzhou Development Group Incorporated announced that they will report Q3, 2025 results on Oct 31, 2025New Risk • Sep 05New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 77% 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: Major Risk Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (155% cash payout ratio). Large one-off items impacting financial results.Reported Earnings • Sep 05Second quarter 2025 earnings released: EPS: CN¥0.34 (vs CN¥0.20 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.34 (up from CN¥0.20 in 2Q 2024). Revenue: CN¥12.5b (up 2.6% from 2Q 2024). Net income: CN¥1.18b (up 69% from 2Q 2024). Profit margin: 9.5% (up from 5.7% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 30Guangzhou Development Group Incorporated to Report First Half, 2025 Results on Aug 30, 2025Guangzhou Development Group Incorporated announced that they will report first half, 2025 results on Aug 30, 2025Declared Dividend • Jun 22Dividend increased to CN¥0.27Dividend of CN¥0.27 is 8.0% higher than last year. Ex-date: 27th June 2025 Payment date: 27th June 2025 Dividend yield will be 4.1%, which is lower than the industry average of 8.0%. Sustainability & Growth Dividend is covered by earnings (54% earnings payout ratio) but not adequately covered by cash flows (96% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Apr 30Guangzhou Development Group Incorporated, Annual General Meeting, May 30, 2025Guangzhou Development Group Incorporated, Annual General Meeting, May 30, 2025, at 09:30 China Standard Time. Location: 6F, No. 3, Linjiang Avenue, Guangzhou, Guangdong ChinaReported Earnings • Apr 10Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.49 (up from CN¥0.47 in FY 2023). Revenue: CN¥48.3b (up 3.3% from FY 2023). Net income: CN¥1.73b (up 5.7% from FY 2023). Profit margin: 3.6% (in line with FY 2023). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 4.8%. Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 28Guangzhou Development Group Incorporated to Report Q1, 2025 Results on Apr 30, 2025Guangzhou Development Group Incorporated announced that they will report Q1, 2025 results on Apr 30, 2025分析記事 • Feb 25Returns Are Gaining Momentum At Guangzhou Development Group (SHSE:600098)What are the early trends we should look for to identify a stock that could multiply in value over the long term...分析記事 • Jan 08Is Guangzhou Development Group (SHSE:600098) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...お知らせ • Dec 27Guangzhou Development Group Incorporated to Report Fiscal Year 2024 Results on Apr 30, 2025Guangzhou Development Group Incorporated announced that they will report fiscal year 2024 results on Apr 30, 2025分析記事 • Nov 22Returns At Guangzhou Development Group (SHSE:600098) Are On The Way UpIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.12 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.12 in 3Q 2023). Revenue: CN¥13.1b (up 18% from 3Q 2023). Net income: CN¥439.9m (up 7.0% from 3Q 2023). Profit margin: 3.3% (down from 3.7% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.分析記事 • Oct 01Earnings Working Against Guangzhou Development Group Incorporated's (SHSE:600098) Share PriceGuangzhou Development Group Incorporated's ( SHSE:600098 ) price-to-earnings (or "P/E") ratio of 14.1x might make it...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¥6.73, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Oil and Gas industry in China. Total loss to shareholders of 15% over the past three years.お知らせ • Sep 30Guangzhou Development Group Incorporated to Report Q3, 2024 Results on Oct 31, 2024Guangzhou Development Group Incorporated announced that they will report Q3, 2024 results on Oct 31, 2024Reported Earnings • Sep 04Second quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.20 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.20 (down from CN¥0.20 in 2Q 2023). Revenue: CN¥12.2b (up 4.4% from 2Q 2023). Net income: CN¥699.5m (down 1.8% from 2Q 2023). Profit margin: 5.7% (down from 6.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.分析記事 • Jul 29Guangzhou Development Group (SHSE:600098) Has Some Way To Go To Become A Multi-BaggerIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...お知らせ • Jun 28Guangzhou Development Group Incorporated to Report First Half, 2024 Results on Aug 31, 2024Guangzhou Development Group Incorporated announced that they will report first half, 2024 results on Aug 31, 2024分析記事 • Jun 21Guangzhou Development Group (SHSE:600098) Will Pay A Larger Dividend Than Last Year At CN¥0.25Guangzhou Development Group Incorporated's ( SHSE:600098 ) dividend will be increasing from last year's payment of the...Declared Dividend • Jun 21Dividend increased to CN¥0.25Dividend of CN¥0.25 is 25% higher than last year. Ex-date: 27th June 2024 Payment date: 27th June 2024 Dividend yield will be 3.8%, which is lower than the industry average of 8.0%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Board Change • May 29Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Tao Liu was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.分析記事 • May 28Does Guangzhou Development Group (SHSE:600098) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...お知らせ • May 01Guangzhou Development Group Incorporated, Annual General Meeting, May 30, 2024Guangzhou Development Group Incorporated, Annual General Meeting, May 30, 2024, at 09:30 China Standard Time. Location: 6F, No. 3, Linjiang Avenue, Guangzhou, Guangdong ChinaReported Earnings • Apr 30First quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.12 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.12 in 1Q 2023). Revenue: CN¥10.7b (up 6.1% from 1Q 2023). Net income: CN¥447.5m (up 11% from 1Q 2023). Profit margin: 4.2% (up from 4.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • Apr 14Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: CN¥0.47 (up from CN¥0.39 in FY 2022). Revenue: CN¥46.8b (down 2.3% from FY 2022). Net income: CN¥1.64b (up 21% from FY 2022). Profit margin: 3.5% (up from 2.8% in FY 2022). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates significantly. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥7.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Oil and Gas industry in China. Total returns to shareholders of 16% over the past three years.分析記事 • Apr 02Fewer Investors Than Expected Jumping On Guangzhou Development Group Incorporated (SHSE:600098)Guangzhou Development Group Incorporated's ( SHSE:600098 ) price-to-earnings (or "P/E") ratio of 14.5x might make it...お知らせ • Mar 29Guangzhou Development Group Incorporated to Report Q1, 2024 Results on Apr 30, 2024Guangzhou Development Group Incorporated announced that they will report Q1, 2024 results on Apr 30, 2024Reported Earnings • Mar 03Full year 2023 earnings released: EPS: CN¥0.47 (vs CN¥0.39 in FY 2022)Full year 2023 results: EPS: CN¥0.47 (up from CN¥0.39 in FY 2022). Revenue: CN¥46.8b (down 2.3% from FY 2022). Net income: CN¥1.64b (up 21% from FY 2022). Profit margin: 3.5% (up from 2.8% in FY 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 59% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in China are expected to grow by 3.3%. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.分析記事 • Feb 28Does Guangzhou Development Group (SHSE:600098) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...お知らせ • Dec 29Guangzhou Development Group Incorporated to Report Fiscal Year 2023 Results on Apr 10, 2024Guangzhou Development Group Incorporated announced that they will report fiscal year 2023 results on Apr 10, 2024Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.14 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.14 in 3Q 2022). Revenue: CN¥11.1b (down 25% from 3Q 2022). Net income: CN¥411.2m (down 18% from 3Q 2022). Profit margin: 3.7% (up from 3.4% in 3Q 2022). The increase in margin was driven by lower expenses. 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 1% per year, which means it is significantly lagging earnings.Reported Earnings • Sep 02Second quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.13 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.20 (up from CN¥0.13 in 2Q 2022). Revenue: CN¥11.7b (down 5.7% from 2Q 2022). Net income: CN¥712.3m (up 56% from 2Q 2022). Profit margin: 6.1% (up from 3.7% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year.Reported Earnings • Apr 08Full year 2022 earnings released: EPS: CN¥0.39 (vs CN¥0.074 in FY 2021)Full year 2022 results: EPS: CN¥0.39 (up from CN¥0.074 in FY 2021). Revenue: CN¥47.9b (up 26% from FY 2021). Net income: CN¥1.35b (up CN¥1.15b from FY 2021). Profit margin: 2.8% (up from 0.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.03 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.14 (up from CN¥0.03 in 3Q 2021). Revenue: CN¥14.8b (up 44% from 3Q 2021). Net income: CN¥501.8m (up CN¥422.3m from 3Q 2021). Profit margin: 3.4% (up from 0.8% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 04Second quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.17 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.13 (down from CN¥0.17 in 2Q 2021). Revenue: CN¥12.4b (up 39% from 2Q 2021). Net income: CN¥456.7m (down 1.6% from 2Q 2021). Profit margin: 3.7% (down from 5.2% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Reported Earnings • May 02First quarter 2022 earnings released: EPS: CN¥0.075 (vs CN¥0.075 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.075 (vs CN¥0.075 in 1Q 2021). Revenue: CN¥8.37b (down 6.9% from 1Q 2021). Net income: CN¥260.7m (up 31% from 1Q 2021). Profit margin: 3.1% (up from 2.2% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. 4 independent directors (5 non-independent directors). Chairman Zhulin Wu was the last director to join the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Apr 10Full year 2021 earnings released: EPS: CN¥0.074 (vs CN¥0.34 in FY 2020)Full year 2021 results: EPS: CN¥0.074 (down from CN¥0.34 in FY 2020). Revenue: CN¥38.0b (up 20% from FY 2020). Net income: CN¥202.7m (down 78% from FY 2020). Profit margin: 0.5% (down from 2.8% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year.Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.03 (vs CN¥0.12 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¥10.3b (up 18% from 3Q 2020). Net income: CN¥79.4m (down 74% from 3Q 2020). Profit margin: 0.8% (down from 3.6% in 3Q 2020). 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 10% per year.Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to CN¥6.91, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 23x in the Renewable Energy industry in China. Total returns to shareholders of 37% over the past three years.Valuation Update With 7 Day Price Move • Sep 23Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥8.60, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 25x in the Renewable Energy industry in China. Total returns to shareholders of 45% over the past three years.Valuation Update With 7 Day Price Move • Sep 07Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥8.03, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 22x in the Renewable Energy industry in China. Total returns to shareholders of 38% over the past three years.Reported Earnings • Aug 29Second quarter 2021 earnings released: EPS CN¥0.17 (vs CN¥0.16 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¥8.89b (up 14% from 2Q 2020). Net income: CN¥464.1m (up 10% from 2Q 2020). Profit margin: 5.2% (down from 5.4% 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 13% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 10Guangzhou Development Group Incorporated announced that it expects to receive CNY 6 billion in funding from Guangzhou State-owned Capital Operation Holdings Co.,Ltd. and other investorsGuangzhou Development Group Incorporated (SHSE:600098) announced a private placement of not more than 817,858,967 shares A shares for gross proceeds of not more than CNY 6,000 million on June 9, 2021. The total number of shares to be issued does not exceed 30% of the total equity before the issuance. The transaction will include participation from not more than 35 specific investors including returning investor Guangzhou State-owned Capital Operation Holdings Co.,Ltd. The transaction was approved at 29th meeting of the eighth session of the company's board of directors, and the sixteenth meeting of the eighth board of supervisors. The transaction is subjected to the approval of shareholders, competent state-owned approval unit, Guangzhou State-owned Capital Operation Holdings Co.,Ltd. and China Securities Regulatory Commission for approval. The shares issued will have a restricted period of 18 months from the date of issuance. The number of shares to be issued is not more than 30% of the company's total share capital before the issuance. The issuance price will not be less than 80% of the average price of the company’s stock price during the 20 trading days prior to the pricing base date.Reported Earnings • May 04First quarter 2021 earnings released: EPS CN¥0.075 (vs CN¥0.043 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥8.99b (up 43% from 1Q 2020). Net income: CN¥199.6m (up 72% from 1Q 2020). Profit margin: 2.2% (up from 1.8% 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 11% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 16Full year 2020 earnings released: EPS CN¥0.34 (vs CN¥0.30 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥31.7b (up 7.0% from FY 2019). Net income: CN¥903.5m (up 12% from FY 2019). Profit margin: 2.8% (up from 2.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Is New 90 Day High Low • Feb 04New 90-day low: CN¥5.57The company is down 2.0% from its price of CN¥5.71 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is flat over the same period.Valuation Update With 7 Day Price Move • Dec 16Investor sentiment improved over the past weekAfter last week's 20% share price gain to CN¥7.22, the stock is trading at a trailing P/E ratio of 20.2x, up from the previous P/E ratio of 16.9x. 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 8.8%.Is New 90 Day High Low • Dec 07New 90-day high: CN¥6.10The company is up 4.0% from its price of CN¥5.88 on 08 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 1.0% over the same period.Reported Earnings • Nov 03Third quarter 2020 earnings released: EPS CN¥0.12The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥8.73b (up 3.1% from 3Q 2019). Net income: CN¥310.7m (up 34% from 3Q 2019). Profit margin: 3.6% (up from 2.7% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Oct 29New 90-day low: CN¥5.66The company is down 4.0% from its price of CN¥5.87 on 31 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 Renewable Energy industry, which is up 2.0% over the same period.お知らせ • Jul 17Guangzhou Development Group Incorporated to Report First Half, 2020 Results on Aug 29, 2020Guangzhou Development Group Incorporated announced that they will report first half, 2020 results on Aug 29, 2020決済の安定と成長配当データの取得安定した配当: 600098の配当金支払いは、過去10年間 変動性 が高かった。増加する配当: 600098の配当金は過去10年間にわたって増加しています。配当利回り対市場Guangzhou Development Group 配当利回り対市場600098 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (600098)5.6%市場下位25% (CN)0.4%市場トップ25% (CN)2.2%業界平均 (Oil and Gas)3.1%アナリスト予想 (600098) (最長3年)n/a注目すべき配当: 600098の配当金 ( 5.6% ) はCN市場の配当金支払者の下位 25% ( 0.41% ) よりも高くなっています。高配当: 600098の配当金 ( 5.6% ) はCN市場 ( 2.16% ) の配当支払者の中で上位 25% に入っています。株主への利益配当収益カバレッジ: 600098の配当金は、合理的な 配当性向 ( 51% ) により、利益によって賄われています。株主配当金キャッシュフローカバレッジ: 600098は配当金を支払っていますが、同社にはフリーキャッシュフローがありません。高配当企業の発掘7D1Y7D1Y7D1YCN 市場の強力な配当支払い企業。View Management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2026/08/17 18:44終値2026/08/17 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Guangzhou Development Group Incorporated 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。9 アナリスト機関Junhua CHENChina International Capital Corporation LimitedNing LiChina Stock Investment Research Co. Ltd. (DeepValue.online)Shuwei ChenEverbright Securities Co. Ltd.6 その他のアナリストを表示
Declared Dividend • Jun 21Dividend of CN¥0.25 announcedShareholders will receive a dividend of CN¥0.25. Ex-date: 26th June 2026 Payment date: 26th June 2026 Dividend yield will be 5.3%, which is lower than the industry average of 8.0%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 2.2% over the next 3 years. However, it would need to fall by 43% to increase the payout ratio to a potentially unsustainable range.
Declared Dividend • Jun 22Dividend increased to CN¥0.27Dividend of CN¥0.27 is 8.0% higher than last year. Ex-date: 27th June 2025 Payment date: 27th June 2025 Dividend yield will be 4.1%, which is lower than the industry average of 8.0%. Sustainability & Growth Dividend is covered by earnings (54% earnings payout ratio) but not adequately covered by cash flows (96% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
分析記事 • Jun 21Guangzhou Development Group (SHSE:600098) Will Pay A Larger Dividend Than Last Year At CN¥0.25Guangzhou Development Group Incorporated's ( SHSE:600098 ) dividend will be increasing from last year's payment of the...
Declared Dividend • Jun 21Dividend increased to CN¥0.25Dividend of CN¥0.25 is 25% higher than last year. Ex-date: 27th June 2024 Payment date: 27th June 2024 Dividend yield will be 3.8%, which is lower than the industry average of 8.0%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 30Guangzhou Development Group Incorporated to Report First Half, 2026 Results on Aug 31, 2026Guangzhou Development Group Incorporated announced that they will report first half, 2026 results on Aug 31, 2026
Declared Dividend • Jun 21Dividend of CN¥0.25 announcedShareholders will receive a dividend of CN¥0.25. Ex-date: 26th June 2026 Payment date: 26th June 2026 Dividend yield will be 5.3%, which is lower than the industry average of 8.0%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 2.2% over the next 3 years. However, it would need to fall by 43% to increase the payout ratio to a potentially unsustainable range.
New Risk • May 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
お知らせ • Apr 30Guangzhou Development Group Incorporated, Annual General Meeting, May 29, 2026Guangzhou Development Group Incorporated, Annual General Meeting, May 29, 2026, at 09:30 China Standard Time. Location: 6F, No. 3, Linjiang Avenue, Guangzhou, Guangdong China
Reported Earnings • Apr 15Full year 2025 earnings: EPS in line with analyst expectations despite revenue beatFull year 2025 results: EPS: CN¥0.66 (up from CN¥0.49 in FY 2024). Revenue: CN¥50.9b (up 5.3% from FY 2024). Net income: CN¥2.32b (up 34% from FY 2024). Profit margin: 4.6% (up from 3.6% in FY 2024). Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 1.5% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Oil and Gas industry in China. 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 5% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 30Guangzhou Development Group Incorporated to Report Q1, 2026 Results on Apr 30, 2026Guangzhou Development Group Incorporated announced that they will report Q1, 2026 results on Apr 30, 2026
お知らせ • Dec 26Guangzhou Development Group Incorporated to Report Fiscal Year 2025 Results on Apr 18, 2026Guangzhou Development Group Incorporated announced that they will report fiscal year 2025 results on Apr 18, 2026
Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: CN¥0.15 (vs CN¥0.13 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.15 (up from CN¥0.13 in 3Q 2024). Revenue: CN¥14.6b (up 11% from 3Q 2024). Net income: CN¥523.8m (up 19% from 3Q 2024). Profit margin: 3.6% (up from 3.3% in 3Q 2024). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
New Risk • Oct 31New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (155% cash payout ratio). Large one-off items impacting financial results.
お知らせ • Sep 30Guangzhou Development Group Incorporated to Report Q3, 2025 Results on Oct 31, 2025Guangzhou Development Group Incorporated announced that they will report Q3, 2025 results on Oct 31, 2025
New Risk • Sep 05New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 77% 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: Major Risk Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (155% cash payout ratio). Large one-off items impacting financial results.
Reported Earnings • Sep 05Second quarter 2025 earnings released: EPS: CN¥0.34 (vs CN¥0.20 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.34 (up from CN¥0.20 in 2Q 2024). Revenue: CN¥12.5b (up 2.6% from 2Q 2024). Net income: CN¥1.18b (up 69% from 2Q 2024). Profit margin: 9.5% (up from 5.7% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 30Guangzhou Development Group Incorporated to Report First Half, 2025 Results on Aug 30, 2025Guangzhou Development Group Incorporated announced that they will report first half, 2025 results on Aug 30, 2025
Declared Dividend • Jun 22Dividend increased to CN¥0.27Dividend of CN¥0.27 is 8.0% higher than last year. Ex-date: 27th June 2025 Payment date: 27th June 2025 Dividend yield will be 4.1%, which is lower than the industry average of 8.0%. Sustainability & Growth Dividend is covered by earnings (54% earnings payout ratio) but not adequately covered by cash flows (96% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 30Guangzhou Development Group Incorporated, Annual General Meeting, May 30, 2025Guangzhou Development Group Incorporated, Annual General Meeting, May 30, 2025, at 09:30 China Standard Time. Location: 6F, No. 3, Linjiang Avenue, Guangzhou, Guangdong China
Reported Earnings • Apr 10Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.49 (up from CN¥0.47 in FY 2023). Revenue: CN¥48.3b (up 3.3% from FY 2023). Net income: CN¥1.73b (up 5.7% from FY 2023). Profit margin: 3.6% (in line with FY 2023). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 4.8%. Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 28Guangzhou Development Group Incorporated to Report Q1, 2025 Results on Apr 30, 2025Guangzhou Development Group Incorporated announced that they will report Q1, 2025 results on Apr 30, 2025
分析記事 • Feb 25Returns Are Gaining Momentum At Guangzhou Development Group (SHSE:600098)What are the early trends we should look for to identify a stock that could multiply in value over the long term...
分析記事 • Jan 08Is Guangzhou Development Group (SHSE:600098) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
お知らせ • Dec 27Guangzhou Development Group Incorporated to Report Fiscal Year 2024 Results on Apr 30, 2025Guangzhou Development Group Incorporated announced that they will report fiscal year 2024 results on Apr 30, 2025
分析記事 • Nov 22Returns At Guangzhou Development Group (SHSE:600098) Are On The Way UpIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.12 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.12 in 3Q 2023). Revenue: CN¥13.1b (up 18% from 3Q 2023). Net income: CN¥439.9m (up 7.0% from 3Q 2023). Profit margin: 3.3% (down from 3.7% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
分析記事 • Oct 01Earnings Working Against Guangzhou Development Group Incorporated's (SHSE:600098) Share PriceGuangzhou Development Group Incorporated's ( SHSE:600098 ) price-to-earnings (or "P/E") ratio of 14.1x might make it...
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¥6.73, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Oil and Gas industry in China. Total loss to shareholders of 15% over the past three years.
お知らせ • Sep 30Guangzhou Development Group Incorporated to Report Q3, 2024 Results on Oct 31, 2024Guangzhou Development Group Incorporated announced that they will report Q3, 2024 results on Oct 31, 2024
Reported Earnings • Sep 04Second quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.20 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.20 (down from CN¥0.20 in 2Q 2023). Revenue: CN¥12.2b (up 4.4% from 2Q 2023). Net income: CN¥699.5m (down 1.8% from 2Q 2023). Profit margin: 5.7% (down from 6.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
分析記事 • Jul 29Guangzhou Development Group (SHSE:600098) Has Some Way To Go To Become A Multi-BaggerIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...
お知らせ • Jun 28Guangzhou Development Group Incorporated to Report First Half, 2024 Results on Aug 31, 2024Guangzhou Development Group Incorporated announced that they will report first half, 2024 results on Aug 31, 2024
分析記事 • Jun 21Guangzhou Development Group (SHSE:600098) Will Pay A Larger Dividend Than Last Year At CN¥0.25Guangzhou Development Group Incorporated's ( SHSE:600098 ) dividend will be increasing from last year's payment of the...
Declared Dividend • Jun 21Dividend increased to CN¥0.25Dividend of CN¥0.25 is 25% higher than last year. Ex-date: 27th June 2024 Payment date: 27th June 2024 Dividend yield will be 3.8%, which is lower than the industry average of 8.0%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Board Change • May 29Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Tao Liu was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
分析記事 • May 28Does Guangzhou Development Group (SHSE:600098) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
お知らせ • May 01Guangzhou Development Group Incorporated, Annual General Meeting, May 30, 2024Guangzhou Development Group Incorporated, Annual General Meeting, May 30, 2024, at 09:30 China Standard Time. Location: 6F, No. 3, Linjiang Avenue, Guangzhou, Guangdong China
Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.12 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.12 in 1Q 2023). Revenue: CN¥10.7b (up 6.1% from 1Q 2023). Net income: CN¥447.5m (up 11% from 1Q 2023). Profit margin: 4.2% (up from 4.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Apr 14Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: CN¥0.47 (up from CN¥0.39 in FY 2022). Revenue: CN¥46.8b (down 2.3% from FY 2022). Net income: CN¥1.64b (up 21% from FY 2022). Profit margin: 3.5% (up from 2.8% in FY 2022). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates significantly. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥7.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Oil and Gas industry in China. Total returns to shareholders of 16% over the past three years.
分析記事 • Apr 02Fewer Investors Than Expected Jumping On Guangzhou Development Group Incorporated (SHSE:600098)Guangzhou Development Group Incorporated's ( SHSE:600098 ) price-to-earnings (or "P/E") ratio of 14.5x might make it...
お知らせ • Mar 29Guangzhou Development Group Incorporated to Report Q1, 2024 Results on Apr 30, 2024Guangzhou Development Group Incorporated announced that they will report Q1, 2024 results on Apr 30, 2024
Reported Earnings • Mar 03Full year 2023 earnings released: EPS: CN¥0.47 (vs CN¥0.39 in FY 2022)Full year 2023 results: EPS: CN¥0.47 (up from CN¥0.39 in FY 2022). Revenue: CN¥46.8b (down 2.3% from FY 2022). Net income: CN¥1.64b (up 21% from FY 2022). Profit margin: 3.5% (up from 2.8% in FY 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 59% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in China are expected to grow by 3.3%. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
分析記事 • Feb 28Does Guangzhou Development Group (SHSE:600098) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
お知らせ • Dec 29Guangzhou Development Group Incorporated to Report Fiscal Year 2023 Results on Apr 10, 2024Guangzhou Development Group Incorporated announced that they will report fiscal year 2023 results on Apr 10, 2024
Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.14 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.14 in 3Q 2022). Revenue: CN¥11.1b (down 25% from 3Q 2022). Net income: CN¥411.2m (down 18% from 3Q 2022). Profit margin: 3.7% (up from 3.4% in 3Q 2022). The increase in margin was driven by lower expenses. 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 1% per year, which means it is significantly lagging earnings.
Reported Earnings • Sep 02Second quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.13 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.20 (up from CN¥0.13 in 2Q 2022). Revenue: CN¥11.7b (down 5.7% from 2Q 2022). Net income: CN¥712.3m (up 56% from 2Q 2022). Profit margin: 6.1% (up from 3.7% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year.
Reported Earnings • Apr 08Full year 2022 earnings released: EPS: CN¥0.39 (vs CN¥0.074 in FY 2021)Full year 2022 results: EPS: CN¥0.39 (up from CN¥0.074 in FY 2021). Revenue: CN¥47.9b (up 26% from FY 2021). Net income: CN¥1.35b (up CN¥1.15b from FY 2021). Profit margin: 2.8% (up from 0.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.03 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.14 (up from CN¥0.03 in 3Q 2021). Revenue: CN¥14.8b (up 44% from 3Q 2021). Net income: CN¥501.8m (up CN¥422.3m from 3Q 2021). Profit margin: 3.4% (up from 0.8% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 04Second quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.17 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.13 (down from CN¥0.17 in 2Q 2021). Revenue: CN¥12.4b (up 39% from 2Q 2021). Net income: CN¥456.7m (down 1.6% from 2Q 2021). Profit margin: 3.7% (down from 5.2% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 02First quarter 2022 earnings released: EPS: CN¥0.075 (vs CN¥0.075 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.075 (vs CN¥0.075 in 1Q 2021). Revenue: CN¥8.37b (down 6.9% from 1Q 2021). Net income: CN¥260.7m (up 31% from 1Q 2021). Profit margin: 3.1% (up from 2.2% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. 4 independent directors (5 non-independent directors). Chairman Zhulin Wu was the last director to join the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Apr 10Full year 2021 earnings released: EPS: CN¥0.074 (vs CN¥0.34 in FY 2020)Full year 2021 results: EPS: CN¥0.074 (down from CN¥0.34 in FY 2020). Revenue: CN¥38.0b (up 20% from FY 2020). Net income: CN¥202.7m (down 78% from FY 2020). Profit margin: 0.5% (down from 2.8% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year.
Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.03 (vs CN¥0.12 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¥10.3b (up 18% from 3Q 2020). Net income: CN¥79.4m (down 74% from 3Q 2020). Profit margin: 0.8% (down from 3.6% in 3Q 2020). 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 10% per year.
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to CN¥6.91, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 23x in the Renewable Energy industry in China. Total returns to shareholders of 37% over the past three years.
Valuation Update With 7 Day Price Move • Sep 23Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥8.60, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 25x in the Renewable Energy industry in China. Total returns to shareholders of 45% over the past three years.
Valuation Update With 7 Day Price Move • Sep 07Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥8.03, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 22x in the Renewable Energy industry in China. Total returns to shareholders of 38% over the past three years.
Reported Earnings • Aug 29Second quarter 2021 earnings released: EPS CN¥0.17 (vs CN¥0.16 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¥8.89b (up 14% from 2Q 2020). Net income: CN¥464.1m (up 10% from 2Q 2020). Profit margin: 5.2% (down from 5.4% 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 13% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 10Guangzhou Development Group Incorporated announced that it expects to receive CNY 6 billion in funding from Guangzhou State-owned Capital Operation Holdings Co.,Ltd. and other investorsGuangzhou Development Group Incorporated (SHSE:600098) announced a private placement of not more than 817,858,967 shares A shares for gross proceeds of not more than CNY 6,000 million on June 9, 2021. The total number of shares to be issued does not exceed 30% of the total equity before the issuance. The transaction will include participation from not more than 35 specific investors including returning investor Guangzhou State-owned Capital Operation Holdings Co.,Ltd. The transaction was approved at 29th meeting of the eighth session of the company's board of directors, and the sixteenth meeting of the eighth board of supervisors. The transaction is subjected to the approval of shareholders, competent state-owned approval unit, Guangzhou State-owned Capital Operation Holdings Co.,Ltd. and China Securities Regulatory Commission for approval. The shares issued will have a restricted period of 18 months from the date of issuance. The number of shares to be issued is not more than 30% of the company's total share capital before the issuance. The issuance price will not be less than 80% of the average price of the company’s stock price during the 20 trading days prior to the pricing base date.
Reported Earnings • May 04First quarter 2021 earnings released: EPS CN¥0.075 (vs CN¥0.043 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥8.99b (up 43% from 1Q 2020). Net income: CN¥199.6m (up 72% from 1Q 2020). Profit margin: 2.2% (up from 1.8% 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 11% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 16Full year 2020 earnings released: EPS CN¥0.34 (vs CN¥0.30 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥31.7b (up 7.0% from FY 2019). Net income: CN¥903.5m (up 12% from FY 2019). Profit margin: 2.8% (up from 2.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Is New 90 Day High Low • Feb 04New 90-day low: CN¥5.57The company is down 2.0% from its price of CN¥5.71 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is flat over the same period.
Valuation Update With 7 Day Price Move • Dec 16Investor sentiment improved over the past weekAfter last week's 20% share price gain to CN¥7.22, the stock is trading at a trailing P/E ratio of 20.2x, up from the previous P/E ratio of 16.9x. 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 8.8%.
Is New 90 Day High Low • Dec 07New 90-day high: CN¥6.10The company is up 4.0% from its price of CN¥5.88 on 08 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 1.0% over the same period.
Reported Earnings • Nov 03Third quarter 2020 earnings released: EPS CN¥0.12The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥8.73b (up 3.1% from 3Q 2019). Net income: CN¥310.7m (up 34% from 3Q 2019). Profit margin: 3.6% (up from 2.7% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Oct 29New 90-day low: CN¥5.66The company is down 4.0% from its price of CN¥5.87 on 31 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 Renewable Energy industry, which is up 2.0% over the same period.
お知らせ • Jul 17Guangzhou Development Group Incorporated to Report First Half, 2020 Results on Aug 29, 2020Guangzhou Development Group Incorporated announced that they will report first half, 2020 results on Aug 29, 2020