View ValuationHefei Kewell Power SystemLtd 将来の成長Future 基準チェック /56Hefei Kewell Power SystemLtdは、49%と23.6%でそれぞれ年率49%で利益と収益が成長すると予測される一方、EPSはgrowで48.5%年率。主要情報49.0%収益成長率48.49%EPS成長率Electronic 収益成長33.7%収益成長率23.6%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日28 Apr 2026今後の成長に関する最新情報Major Estimate Revision • Aug 30Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥715.4m to CN¥678.2m. EPS estimate also fell from CN¥1.99 per share to CN¥1.73 per share. Net income forecast to grow 62% next year vs 54% growth forecast for Electronic industry in China. Consensus price target down from CN¥58.00 to CN¥29.50. Share price rose 3.7% to CN¥26.39 over the past week.Price Target Changed • Apr 18Price target decreased by 13% to CN¥58.00Down from CN¥66.80, the current price target is an average from 2 analysts. New target price is 33% above last closing price of CN¥43.73. Stock is down 23% over the past year. The company is forecast to post earnings per share of CN¥2.02 for next year compared to CN¥1.46 last year.すべての更新を表示Recent updatesValuation Update With 7 Day Price Move • Jul 20Investor sentiment deteriorates as stock falls 27%After last week's 27% share price decline to CN¥35.28, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 32x in the Electronic industry in China. Total loss to shareholders of 25% over the past three years.お知らせ • Jun 30Hefei Kewell Power System Co.,Ltd. to Report First Half, 2026 Results on Aug 22, 2026Hefei Kewell Power System Co.,Ltd. announced that they will report first half, 2026 results on Aug 22, 2026Declared Dividend • Jun 01Dividend of CN¥0.20 announcedShareholders will receive a dividend of CN¥0.20. Ex-date: 5th June 2026 Payment date: 5th June 2026 Dividend yield will be 0.4%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not adequately covered by cash flows (91% cash payout ratio). The dividend has increased by an average of 15% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next year, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 24Hefei Kewell Power System Co.,Ltd., Annual General Meeting, May 15, 2026Hefei Kewell Power System Co.,Ltd., Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hefei, Anhui Chinaお知らせ • Mar 30Hefei Kewell Power System Co.,Ltd. to Report Q1, 2026 Results on Apr 24, 2026Hefei Kewell Power System Co.,Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026New Risk • Mar 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin).New Risk • Jan 02New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 102% Cash payout ratio: 150% Dividend yield: 1.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 102% Cash payout ratio: 150% Minor Risk Profit margins are more than 30% lower than last year (10% net profit margin).お知らせ • Dec 26Hefei Kewell Power System Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026Hefei Kewell Power System Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026Buy Or Sell Opportunity • Nov 21Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 15% to CN¥34.89. The fair value is estimated to be CN¥43.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 88% in a year. Earnings are forecast to grow by 235% in the next year.Reported Earnings • Oct 19Third quarter 2025 earnings released: EPS: CN¥0.25 (vs CN¥0.12 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.25 (up from CN¥0.12 in 3Q 2024). Revenue: CN¥145.3m (up 18% from 3Q 2024). Net income: CN¥20.6m (up 110% from 3Q 2024). Profit margin: 14% (up from 7.9% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 55% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has remained flat, which means it is well ahead of earnings.お知らせ • Sep 30Hefei Kewell Power System Co.,Ltd. to Report Q3, 2025 Results on Oct 18, 2025Hefei Kewell Power System Co.,Ltd. announced that they will report Q3, 2025 results on Oct 18, 2025New Risk • Sep 16New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.8% average weekly change). Minor Risks Dividend is not well covered by cash flows (103% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.5% net profit margin).Reported Earnings • Aug 26Second quarter 2025 earnings released: EPS: CN¥0.13 (vs CN¥0.28 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.13 (down from CN¥0.28 in 2Q 2024). Revenue: CN¥117.4m (down 18% from 2Q 2024). Net income: CN¥10.6m (down 55% from 2Q 2024). Profit margin: 9.0% (down from 17% in 2Q 2024). Revenue is forecast to grow 50% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat.New Risk • Aug 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin).Valuation Update With 7 Day Price Move • Aug 07Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥36.00, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 30x in the Electronic industry in China. Total loss to shareholders of 24% over the past three years.お知らせ • Jun 30Hefei Kewell Power System Co.,Ltd. to Report First Half, 2025 Results on Aug 25, 2025Hefei Kewell Power System Co.,Ltd. announced that they will report first half, 2025 results on Aug 25, 2025Reported Earnings • Apr 28First quarter 2025 earnings released: EPS: CN¥0.24 (vs CN¥0.22 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.24 (up from CN¥0.22 in 1Q 2024). Revenue: CN¥107.1m (down 3.6% from 1Q 2024). Net income: CN¥20.4m (up 11% from 1Q 2024). Profit margin: 19% (up from 17% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic 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 8% per year, which means it is significantly lagging earnings.お知らせ • Apr 26Hefei Kewell Power System Co.,Ltd., Annual General Meeting, May 16, 2025Hefei Kewell Power System Co.,Ltd., Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hefei, Anhui Chinaお知らせ • Mar 28Hefei Kewell Power System Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025Hefei Kewell Power System Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025Reported Earnings • Mar 03Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.59 (down from CN¥1.45 in FY 2023). Revenue: CN¥478.3m (down 9.6% from FY 2023). Net income: CN¥49.1m (down 58% from FY 2023). Profit margin: 10% (down from 22% in FY 2023). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 46%. Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic 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 fallen by 12% per year, which means it is significantly lagging earnings.お知らせ • Dec 27Hefei Kewell Power System Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025Hefei Kewell Power System Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025分析記事 • Nov 04There Are Some Reasons To Suggest That Hefei Kewell Power SystemLtd's (SHSE:688551) Earnings Are A Poor Reflection Of ProfitabilityHefei Kewell Power System Co.,Ltd.'s ( SHSE:688551 ) solid earnings report last week was underwhelming to investors. We...Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.32 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.12 (down from CN¥0.32 in 3Q 2023). Revenue: CN¥123.3m (down 8.8% from 3Q 2023). Net income: CN¥9.79m (down 61% from 3Q 2023). Profit margin: 7.9% (down from 19% in 3Q 2023). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to CN¥29.17, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 43% over the past three years.New Risk • Sep 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (34% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.6% average weekly change). Shareholders have been diluted in the past year (4.6% increase in shares outstanding).お知らせ • Sep 30Hefei Kewell Power System Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024Hefei Kewell Power System Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥27.95, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥11.30 per share.Major Estimate Revision • Aug 30Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥715.4m to CN¥678.2m. EPS estimate also fell from CN¥1.99 per share to CN¥1.73 per share. Net income forecast to grow 62% next year vs 54% growth forecast for Electronic industry in China. Consensus price target down from CN¥58.00 to CN¥29.50. Share price rose 3.7% to CN¥26.39 over the past week.お知らせ • Aug 26Hefei Kewell Power System Co.,Ltd. (SHSE:688551) announces an Equity Buyback for CNY 30 million worth of its shares.Hefei Kewell Power System Co.,Ltd. (SHSE:688551) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its shares. The shares will be purchased at a price not exceeding CNY 42 per share. The purpose of the program is Improving Quality, Efficiency and Returns. The repurchased shares will be used for employee stock ownership plans or equity incentive plans, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from company's own funds. The program will be valid for 12 months.Reported Earnings • Aug 26Second quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.34 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.28 (down from CN¥0.34 in 2Q 2023). Revenue: CN¥142.9m (up 17% from 2Q 2023). Net income: CN¥23.5m (down 16% from 2Q 2023). Profit margin: 17% (down from 23% in 2Q 2023). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.お知らせ • Jun 28Hefei Kewell Power System Co.,Ltd. to Report First Half, 2024 Results on Aug 26, 2024Hefei Kewell Power System Co.,Ltd. announced that they will report first half, 2024 results on Aug 26, 2024分析記事 • Apr 23Hefei Kewell Power SystemLtd's (SHSE:688551) Promising Earnings May Rest On Soft FoundationsHefei Kewell Power System Co.,Ltd. ( SHSE:688551 ) announced strong profits, but the stock was stagnant. We did some...Reported Earnings • Apr 19Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: CN¥1.45 (up from CN¥0.78 in FY 2022). Revenue: CN¥529.0m (up 41% from FY 2022). Net income: CN¥117.1m (up 88% from FY 2022). Profit margin: 22% (up from 17% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 5.5%. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 16% per year.Price Target Changed • Apr 18Price target decreased by 13% to CN¥58.00Down from CN¥66.80, the current price target is an average from 2 analysts. New target price is 33% above last closing price of CN¥43.73. Stock is down 23% over the past year. The company is forecast to post earnings per share of CN¥2.02 for next year compared to CN¥1.46 last year.お知らせ • Apr 15Hefei Kewell Power System Co.,Ltd., Annual General Meeting, May 07, 2024Hefei Kewell Power System Co.,Ltd., Annual General Meeting, May 07, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hefei, Anhui Chinaお知らせ • Mar 29Hefei Kewell Power System Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024Hefei Kewell Power System Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024分析記事 • Mar 03Subdued Growth No Barrier To Hefei Kewell Power System Co.,Ltd. (SHSE:688551) With Shares Advancing 28%Hefei Kewell Power System Co.,Ltd. ( SHSE:688551 ) shareholders would be excited to see that the share price has had a...Valuation Update With 7 Day Price Move • Mar 01Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥58.00, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 96% over the past three years.Reported Earnings • Feb 26Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: CN¥1.46 (up from CN¥0.78 in FY 2022). Revenue: CN¥527.2m (up 41% from FY 2022). Net income: CN¥117.5m (up 89% from FY 2022). Profit margin: 22% (up from 17% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 5.5%. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year and the company’s share price has also increased by 19% per year.Valuation Update With 7 Day Price Move • Jan 31Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to CN¥46.50, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 18x in the Electronic industry in China. Total returns to shareholders of 72% over the past three years.New Risk • Jan 29New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 7.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.9% average weekly change). High level of non-cash earnings (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (4.4% increase in shares outstanding).New Risk • Dec 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.0% 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: Major Risk High level of non-cash earnings (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (4.0% increase in shares outstanding).Valuation Update With 7 Day Price Move • Dec 04Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥53.53, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 36% over the past three years.Reported Earnings • Aug 26Second quarter 2023 earnings released: EPS: CN¥0.34 (vs CN¥0.10 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.34 (up from CN¥0.10 in 2Q 2022). Revenue: CN¥122.7m (up 31% from 2Q 2022). Net income: CN¥28.1m (up 260% from 2Q 2022). Profit margin: 23% (up from 8.3% in 2Q 2022). The increase in margin was driven by higher revenue.New Risk • Jun 29New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.2% average weekly change). High level of non-cash earnings (45% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.お知らせ • Jun 28Hefei Kewell Power System Co.,Ltd. to Report First Half, 2023 Results on Aug 30, 2023Hefei Kewell Power System Co.,Ltd. announced that they will report first half, 2023 results on Aug 30, 2023Reported Earnings • Apr 15Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: CN¥0.77 (up from CN¥0.71 in FY 2021). Revenue: CN¥375.1m (up 52% from FY 2021). Net income: CN¥61.9m (up 8.7% from FY 2021). Profit margin: 17% (down from 23% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 4.0%. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China.Reported Earnings • Feb 28Full year 2022 earnings released: EPS: CN¥0.77 (vs CN¥0.71 in FY 2021)Full year 2022 results: EPS: CN¥0.77 (up from CN¥0.71 in FY 2021). Revenue: CN¥375.1m (up 52% from FY 2021). Net income: CN¥61.9m (up 8.7% from FY 2021). Profit margin: 17% (down from 23% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electronic industry in China.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Liangzhong Yao was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Nov 03Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥47.31, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 25% over the past year.Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.37 (vs CN¥0.23 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.37 (up from CN¥0.23 in 3Q 2021). Revenue: CN¥100.1m (up 42% from 3Q 2021). Net income: CN¥30.0m (up 59% from 3Q 2021). Profit margin: 30% (up from 27% in 3Q 2021). Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China.Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.22 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.10 (down from CN¥0.22 in 2Q 2021). Revenue: CN¥93.9m (up 45% from 2Q 2021). Net income: CN¥7.79m (down 56% from 2Q 2021). Profit margin: 8.3% (down from 27% in 2Q 2021). Over the next year, revenue is forecast to grow 67%, compared to a 25% growth forecast for the Electronic industry in China.Valuation Update With 7 Day Price Move • Aug 25Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CN¥44.10, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 30% over the past year.Valuation Update With 7 Day Price Move • Jul 29Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥44.91, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 40% over the past year.Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improved over the past weekAfter last week's 21% share price gain to CN¥38.90, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 20x in the Electronic industry in China. Total returns to shareholders of 2.9% over the past year.Valuation Update With 7 Day Price Move • May 01Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to CN¥33.38, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 18x in the Electronic industry in China. Total returns to shareholders of 20% over the past year.Reported Earnings • Apr 27First quarter 2022 earnings released: EPS: CN¥0.09 (vs CN¥0.16 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.09 (down from CN¥0.16 in 1Q 2021). Revenue: CN¥59.4m (up 61% from 1Q 2021). Net income: CN¥7.47m (down 41% from 1Q 2021). Profit margin: 13% (down from 35% in 1Q 2021). Over the next year, revenue is forecast to grow 67%, compared to a 24% growth forecast for the industry in China.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Apr 17Full year 2021 earnings released: EPS: CN¥0.71 (vs CN¥0.83 in FY 2020)Full year 2021 results: EPS: CN¥0.71. Revenue: CN¥247.5m (up 52% from FY 2020). Net income: CN¥56.9m (up 5.3% from FY 2020). Profit margin: 23% (down from 33% in FY 2020). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥50.29, the stock trades at a trailing P/E ratio of 69x. Average trailing P/E is 36x in the Electronic industry in China. Total returns to shareholders of 83% over the past year.Reported Earnings • Feb 28Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: CN¥0.73 (down from CN¥0.83 in FY 2020). Revenue: CN¥251.2m (up 55% from FY 2020). Net income: CN¥58.3m (up 7.9% from FY 2020). Profit margin: 23% (down from 33% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates.Reported Earnings • Oct 25Third quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.21 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥70.3m (up 37% from 3Q 2020). Net income: CN¥18.9m (up 53% from 3Q 2020). Profit margin: 27% (up from 24% in 3Q 2020).Reported Earnings • Aug 24Second quarter 2021 earnings released: EPS CN¥0.22 (vs CN¥0.38 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥64.7m (up 27% from 2Q 2020). Net income: CN¥17.6m (down 24% from 2Q 2020). Profit margin: 27% (down from 45% in 2Q 2020).Valuation Update With 7 Day Price Move • Jul 20Investor sentiment improved over the past weekAfter last week's 26% share price gain to CN¥60.52, the stock trades at a trailing P/E ratio of 72.5x. Average trailing P/E is 38x in the Electronic industry in China.Valuation Update With 7 Day Price Move • Jun 23Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥45.20, the stock trades at a trailing P/E ratio of 54.2x. Average trailing P/E is 38x in the Electronic industry in China.Valuation Update With 7 Day Price Move • May 20Investor sentiment improved over the past weekAfter last week's 22% share price gain to CN¥32.90, the stock trades at a trailing P/E ratio of 39.4x. Average trailing P/E is 34x in the Electronic industry in China.Reported Earnings • Mar 04Full year 2020 earnings released: EPS CN¥0.83 (vs CN¥1.03 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥162.5m (down 4.1% from FY 2019). Net income: CN¥54.0m (down 12% from FY 2019). Profit margin: 33% (down from 36% in FY 2019).Is New 90 Day High Low • Jan 29New 90-day low: CN¥28.03The company is down 29% from its price of CN¥39.30 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 4.0% over the same period.お知らせ • Jan 21Hefei Kewell Power System Co.,Ltd. to Report Fiscal Year 2020 Results on Mar 15, 2021Hefei Kewell Power System Co.,Ltd. announced that they will report fiscal year 2020 results on Mar 15, 2021Is New 90 Day High Low • Jan 06New 90-day low: CN¥33.23The company is down 14% from its price of CN¥38.55 on 30 September 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 9.0% over the same period.Is New 90 Day High Low • Dec 16New 90-day low: CN¥37.68The company is down 21% from its price of CN¥47.62 on 17 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 1.0% over the same period.Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥49.9m, down 8.8% from the prior year. Total revenue was CN¥170.7m over the last 12 months, up 5.3% from the prior year.お知らせ • Oct 20Hefei Kewell Power System Co.,Ltd. to Report Q3, 2020 Results on Oct 24, 2020Hefei Kewell Power System Co.,Ltd. announced that they will report Q3, 2020 results on Oct 24, 2020業績と収益の成長予測SHSE:688551 - アナリストの将来予測と過去の財務データ ( )CNY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/2027756143N/A119112/31/2026632119N/A11013/31/2026495513797N/A12/31/20255136418105N/A9/30/20254714922128N/A6/30/20254493833149N/A3/31/202547451-33109N/A12/31/202447849-6169N/A9/30/202455193-6059N/A6/30/2024563109-5955N/A3/31/2024543113-4347N/A12/31/2023529117185N/A9/30/202347792-2735N/A6/30/202344297-67-3N/A3/31/202341377-586N/A12/31/202237562-69-10N/A9/30/202232953-87-28N/A6/30/202229942-50-4N/A3/31/202227052-52-6N/A12/31/202124857-3312N/A9/30/202121868-529N/A6/30/202119961634N/A3/31/2021185671939N/A12/31/2020162542746N/A9/30/2020171502143N/A6/30/2020174613860N/A3/31/2020153503457N/A12/31/201916962N/A49N/A12/31/201814034N/A17N/A12/31/20179940N/A14N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 688551の予測収益成長率 (年間49% ) は 貯蓄率 ( 2.4% ) を上回っています。収益対市場: 688551の収益 ( 49% ) はCN市場 ( 26.4% ) よりも速いペースで成長すると予測されています。高成長収益: 688551の収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: 688551の収益 ( 23.6% ) CN市場 ( 16.3% ) よりも速いペースで成長すると予測されています。高い収益成長: 688551の収益 ( 23.6% ) 20%よりも速いペースで成長すると予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 688551の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YTech 業界の高成長企業。View Past Performance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2026/07/22 17:11終値2026/07/22 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Hefei Kewell Power System 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。1 アナリスト機関Feng JiChina International Capital Corporation Limited
Major Estimate Revision • Aug 30Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥715.4m to CN¥678.2m. EPS estimate also fell from CN¥1.99 per share to CN¥1.73 per share. Net income forecast to grow 62% next year vs 54% growth forecast for Electronic industry in China. Consensus price target down from CN¥58.00 to CN¥29.50. Share price rose 3.7% to CN¥26.39 over the past week.
Price Target Changed • Apr 18Price target decreased by 13% to CN¥58.00Down from CN¥66.80, the current price target is an average from 2 analysts. New target price is 33% above last closing price of CN¥43.73. Stock is down 23% over the past year. The company is forecast to post earnings per share of CN¥2.02 for next year compared to CN¥1.46 last year.
Valuation Update With 7 Day Price Move • Jul 20Investor sentiment deteriorates as stock falls 27%After last week's 27% share price decline to CN¥35.28, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 32x in the Electronic industry in China. Total loss to shareholders of 25% over the past three years.
お知らせ • Jun 30Hefei Kewell Power System Co.,Ltd. to Report First Half, 2026 Results on Aug 22, 2026Hefei Kewell Power System Co.,Ltd. announced that they will report first half, 2026 results on Aug 22, 2026
Declared Dividend • Jun 01Dividend of CN¥0.20 announcedShareholders will receive a dividend of CN¥0.20. Ex-date: 5th June 2026 Payment date: 5th June 2026 Dividend yield will be 0.4%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not adequately covered by cash flows (91% cash payout ratio). The dividend has increased by an average of 15% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next year, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 24Hefei Kewell Power System Co.,Ltd., Annual General Meeting, May 15, 2026Hefei Kewell Power System Co.,Ltd., Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hefei, Anhui China
お知らせ • Mar 30Hefei Kewell Power System Co.,Ltd. to Report Q1, 2026 Results on Apr 24, 2026Hefei Kewell Power System Co.,Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026
New Risk • Mar 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin).
New Risk • Jan 02New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 102% Cash payout ratio: 150% Dividend yield: 1.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 102% Cash payout ratio: 150% Minor Risk Profit margins are more than 30% lower than last year (10% net profit margin).
お知らせ • Dec 26Hefei Kewell Power System Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026Hefei Kewell Power System Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026
Buy Or Sell Opportunity • Nov 21Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 15% to CN¥34.89. The fair value is estimated to be CN¥43.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 88% in a year. Earnings are forecast to grow by 235% in the next year.
Reported Earnings • Oct 19Third quarter 2025 earnings released: EPS: CN¥0.25 (vs CN¥0.12 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.25 (up from CN¥0.12 in 3Q 2024). Revenue: CN¥145.3m (up 18% from 3Q 2024). Net income: CN¥20.6m (up 110% from 3Q 2024). Profit margin: 14% (up from 7.9% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 55% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
お知らせ • Sep 30Hefei Kewell Power System Co.,Ltd. to Report Q3, 2025 Results on Oct 18, 2025Hefei Kewell Power System Co.,Ltd. announced that they will report Q3, 2025 results on Oct 18, 2025
New Risk • Sep 16New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.8% average weekly change). Minor Risks Dividend is not well covered by cash flows (103% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.5% net profit margin).
Reported Earnings • Aug 26Second quarter 2025 earnings released: EPS: CN¥0.13 (vs CN¥0.28 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.13 (down from CN¥0.28 in 2Q 2024). Revenue: CN¥117.4m (down 18% from 2Q 2024). Net income: CN¥10.6m (down 55% from 2Q 2024). Profit margin: 9.0% (down from 17% in 2Q 2024). Revenue is forecast to grow 50% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat.
New Risk • Aug 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin).
Valuation Update With 7 Day Price Move • Aug 07Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥36.00, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 30x in the Electronic industry in China. Total loss to shareholders of 24% over the past three years.
お知らせ • Jun 30Hefei Kewell Power System Co.,Ltd. to Report First Half, 2025 Results on Aug 25, 2025Hefei Kewell Power System Co.,Ltd. announced that they will report first half, 2025 results on Aug 25, 2025
Reported Earnings • Apr 28First quarter 2025 earnings released: EPS: CN¥0.24 (vs CN¥0.22 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.24 (up from CN¥0.22 in 1Q 2024). Revenue: CN¥107.1m (down 3.6% from 1Q 2024). Net income: CN¥20.4m (up 11% from 1Q 2024). Profit margin: 19% (up from 17% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic 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 8% per year, which means it is significantly lagging earnings.
お知らせ • Apr 26Hefei Kewell Power System Co.,Ltd., Annual General Meeting, May 16, 2025Hefei Kewell Power System Co.,Ltd., Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hefei, Anhui China
お知らせ • Mar 28Hefei Kewell Power System Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025Hefei Kewell Power System Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025
Reported Earnings • Mar 03Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.59 (down from CN¥1.45 in FY 2023). Revenue: CN¥478.3m (down 9.6% from FY 2023). Net income: CN¥49.1m (down 58% from FY 2023). Profit margin: 10% (down from 22% in FY 2023). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 46%. Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic 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 fallen by 12% per year, which means it is significantly lagging earnings.
お知らせ • Dec 27Hefei Kewell Power System Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025Hefei Kewell Power System Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025
分析記事 • Nov 04There Are Some Reasons To Suggest That Hefei Kewell Power SystemLtd's (SHSE:688551) Earnings Are A Poor Reflection Of ProfitabilityHefei Kewell Power System Co.,Ltd.'s ( SHSE:688551 ) solid earnings report last week was underwhelming to investors. We...
Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.32 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.12 (down from CN¥0.32 in 3Q 2023). Revenue: CN¥123.3m (down 8.8% from 3Q 2023). Net income: CN¥9.79m (down 61% from 3Q 2023). Profit margin: 7.9% (down from 19% in 3Q 2023). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to CN¥29.17, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 43% over the past three years.
New Risk • Sep 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (34% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.6% average weekly change). Shareholders have been diluted in the past year (4.6% increase in shares outstanding).
お知らせ • Sep 30Hefei Kewell Power System Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024Hefei Kewell Power System Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024
Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥27.95, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥11.30 per share.
Major Estimate Revision • Aug 30Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥715.4m to CN¥678.2m. EPS estimate also fell from CN¥1.99 per share to CN¥1.73 per share. Net income forecast to grow 62% next year vs 54% growth forecast for Electronic industry in China. Consensus price target down from CN¥58.00 to CN¥29.50. Share price rose 3.7% to CN¥26.39 over the past week.
お知らせ • Aug 26Hefei Kewell Power System Co.,Ltd. (SHSE:688551) announces an Equity Buyback for CNY 30 million worth of its shares.Hefei Kewell Power System Co.,Ltd. (SHSE:688551) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its shares. The shares will be purchased at a price not exceeding CNY 42 per share. The purpose of the program is Improving Quality, Efficiency and Returns. The repurchased shares will be used for employee stock ownership plans or equity incentive plans, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from company's own funds. The program will be valid for 12 months.
Reported Earnings • Aug 26Second quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.34 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.28 (down from CN¥0.34 in 2Q 2023). Revenue: CN¥142.9m (up 17% from 2Q 2023). Net income: CN¥23.5m (down 16% from 2Q 2023). Profit margin: 17% (down from 23% in 2Q 2023). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.
お知らせ • Jun 28Hefei Kewell Power System Co.,Ltd. to Report First Half, 2024 Results on Aug 26, 2024Hefei Kewell Power System Co.,Ltd. announced that they will report first half, 2024 results on Aug 26, 2024
分析記事 • Apr 23Hefei Kewell Power SystemLtd's (SHSE:688551) Promising Earnings May Rest On Soft FoundationsHefei Kewell Power System Co.,Ltd. ( SHSE:688551 ) announced strong profits, but the stock was stagnant. We did some...
Reported Earnings • Apr 19Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: CN¥1.45 (up from CN¥0.78 in FY 2022). Revenue: CN¥529.0m (up 41% from FY 2022). Net income: CN¥117.1m (up 88% from FY 2022). Profit margin: 22% (up from 17% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 5.5%. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 16% per year.
Price Target Changed • Apr 18Price target decreased by 13% to CN¥58.00Down from CN¥66.80, the current price target is an average from 2 analysts. New target price is 33% above last closing price of CN¥43.73. Stock is down 23% over the past year. The company is forecast to post earnings per share of CN¥2.02 for next year compared to CN¥1.46 last year.
お知らせ • Apr 15Hefei Kewell Power System Co.,Ltd., Annual General Meeting, May 07, 2024Hefei Kewell Power System Co.,Ltd., Annual General Meeting, May 07, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hefei, Anhui China
お知らせ • Mar 29Hefei Kewell Power System Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024Hefei Kewell Power System Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024
分析記事 • Mar 03Subdued Growth No Barrier To Hefei Kewell Power System Co.,Ltd. (SHSE:688551) With Shares Advancing 28%Hefei Kewell Power System Co.,Ltd. ( SHSE:688551 ) shareholders would be excited to see that the share price has had a...
Valuation Update With 7 Day Price Move • Mar 01Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥58.00, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 96% over the past three years.
Reported Earnings • Feb 26Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: CN¥1.46 (up from CN¥0.78 in FY 2022). Revenue: CN¥527.2m (up 41% from FY 2022). Net income: CN¥117.5m (up 89% from FY 2022). Profit margin: 22% (up from 17% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 5.5%. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year and the company’s share price has also increased by 19% per year.
Valuation Update With 7 Day Price Move • Jan 31Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to CN¥46.50, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 18x in the Electronic industry in China. Total returns to shareholders of 72% over the past three years.
New Risk • Jan 29New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 7.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.9% average weekly change). High level of non-cash earnings (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (4.4% increase in shares outstanding).
New Risk • Dec 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.0% 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: Major Risk High level of non-cash earnings (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (4.0% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Dec 04Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥53.53, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 36% over the past three years.
Reported Earnings • Aug 26Second quarter 2023 earnings released: EPS: CN¥0.34 (vs CN¥0.10 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.34 (up from CN¥0.10 in 2Q 2022). Revenue: CN¥122.7m (up 31% from 2Q 2022). Net income: CN¥28.1m (up 260% from 2Q 2022). Profit margin: 23% (up from 8.3% in 2Q 2022). The increase in margin was driven by higher revenue.
New Risk • Jun 29New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.2% average weekly change). High level of non-cash earnings (45% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
お知らせ • Jun 28Hefei Kewell Power System Co.,Ltd. to Report First Half, 2023 Results on Aug 30, 2023Hefei Kewell Power System Co.,Ltd. announced that they will report first half, 2023 results on Aug 30, 2023
Reported Earnings • Apr 15Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: CN¥0.77 (up from CN¥0.71 in FY 2021). Revenue: CN¥375.1m (up 52% from FY 2021). Net income: CN¥61.9m (up 8.7% from FY 2021). Profit margin: 17% (down from 23% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 4.0%. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China.
Reported Earnings • Feb 28Full year 2022 earnings released: EPS: CN¥0.77 (vs CN¥0.71 in FY 2021)Full year 2022 results: EPS: CN¥0.77 (up from CN¥0.71 in FY 2021). Revenue: CN¥375.1m (up 52% from FY 2021). Net income: CN¥61.9m (up 8.7% from FY 2021). Profit margin: 17% (down from 23% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electronic industry in China.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Liangzhong Yao was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Nov 03Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥47.31, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 25% over the past year.
Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.37 (vs CN¥0.23 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.37 (up from CN¥0.23 in 3Q 2021). Revenue: CN¥100.1m (up 42% from 3Q 2021). Net income: CN¥30.0m (up 59% from 3Q 2021). Profit margin: 30% (up from 27% in 3Q 2021). Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China.
Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.22 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.10 (down from CN¥0.22 in 2Q 2021). Revenue: CN¥93.9m (up 45% from 2Q 2021). Net income: CN¥7.79m (down 56% from 2Q 2021). Profit margin: 8.3% (down from 27% in 2Q 2021). Over the next year, revenue is forecast to grow 67%, compared to a 25% growth forecast for the Electronic industry in China.
Valuation Update With 7 Day Price Move • Aug 25Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CN¥44.10, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 30% over the past year.
Valuation Update With 7 Day Price Move • Jul 29Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥44.91, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 40% over the past year.
Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improved over the past weekAfter last week's 21% share price gain to CN¥38.90, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 20x in the Electronic industry in China. Total returns to shareholders of 2.9% over the past year.
Valuation Update With 7 Day Price Move • May 01Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to CN¥33.38, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 18x in the Electronic industry in China. Total returns to shareholders of 20% over the past year.
Reported Earnings • Apr 27First quarter 2022 earnings released: EPS: CN¥0.09 (vs CN¥0.16 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.09 (down from CN¥0.16 in 1Q 2021). Revenue: CN¥59.4m (up 61% from 1Q 2021). Net income: CN¥7.47m (down 41% from 1Q 2021). Profit margin: 13% (down from 35% in 1Q 2021). Over the next year, revenue is forecast to grow 67%, compared to a 24% growth forecast for the industry in China.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Apr 17Full year 2021 earnings released: EPS: CN¥0.71 (vs CN¥0.83 in FY 2020)Full year 2021 results: EPS: CN¥0.71. Revenue: CN¥247.5m (up 52% from FY 2020). Net income: CN¥56.9m (up 5.3% from FY 2020). Profit margin: 23% (down from 33% in FY 2020). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Mar 23Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥50.29, the stock trades at a trailing P/E ratio of 69x. Average trailing P/E is 36x in the Electronic industry in China. Total returns to shareholders of 83% over the past year.
Reported Earnings • Feb 28Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: CN¥0.73 (down from CN¥0.83 in FY 2020). Revenue: CN¥251.2m (up 55% from FY 2020). Net income: CN¥58.3m (up 7.9% from FY 2020). Profit margin: 23% (down from 33% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates.
Reported Earnings • Oct 25Third quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.21 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥70.3m (up 37% from 3Q 2020). Net income: CN¥18.9m (up 53% from 3Q 2020). Profit margin: 27% (up from 24% in 3Q 2020).
Reported Earnings • Aug 24Second quarter 2021 earnings released: EPS CN¥0.22 (vs CN¥0.38 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥64.7m (up 27% from 2Q 2020). Net income: CN¥17.6m (down 24% from 2Q 2020). Profit margin: 27% (down from 45% in 2Q 2020).
Valuation Update With 7 Day Price Move • Jul 20Investor sentiment improved over the past weekAfter last week's 26% share price gain to CN¥60.52, the stock trades at a trailing P/E ratio of 72.5x. Average trailing P/E is 38x in the Electronic industry in China.
Valuation Update With 7 Day Price Move • Jun 23Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥45.20, the stock trades at a trailing P/E ratio of 54.2x. Average trailing P/E is 38x in the Electronic industry in China.
Valuation Update With 7 Day Price Move • May 20Investor sentiment improved over the past weekAfter last week's 22% share price gain to CN¥32.90, the stock trades at a trailing P/E ratio of 39.4x. Average trailing P/E is 34x in the Electronic industry in China.
Reported Earnings • Mar 04Full year 2020 earnings released: EPS CN¥0.83 (vs CN¥1.03 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥162.5m (down 4.1% from FY 2019). Net income: CN¥54.0m (down 12% from FY 2019). Profit margin: 33% (down from 36% in FY 2019).
Is New 90 Day High Low • Jan 29New 90-day low: CN¥28.03The company is down 29% from its price of CN¥39.30 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 4.0% over the same period.
お知らせ • Jan 21Hefei Kewell Power System Co.,Ltd. to Report Fiscal Year 2020 Results on Mar 15, 2021Hefei Kewell Power System Co.,Ltd. announced that they will report fiscal year 2020 results on Mar 15, 2021
Is New 90 Day High Low • Jan 06New 90-day low: CN¥33.23The company is down 14% from its price of CN¥38.55 on 30 September 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 9.0% over the same period.
Is New 90 Day High Low • Dec 16New 90-day low: CN¥37.68The company is down 21% from its price of CN¥47.62 on 17 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 1.0% over the same period.
Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥49.9m, down 8.8% from the prior year. Total revenue was CN¥170.7m over the last 12 months, up 5.3% from the prior year.
お知らせ • Oct 20Hefei Kewell Power System Co.,Ltd. to Report Q3, 2020 Results on Oct 24, 2020Hefei Kewell Power System Co.,Ltd. announced that they will report Q3, 2020 results on Oct 24, 2020