Leshan Electric PowerLtd（600644）株式概要楽山電力有限公司は、その子会社とともに水力発電と水力供給に従事している。 詳細600644 ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長0/6過去の実績0/6財務の健全性5/6配当金0/6報酬当社が推定した公正価値より87%で取引されている リスク分析過去5年間で収益は年間39.5%減少しました。 財務結果に影響を与える大きな一時的項目 CN市場と比較した過去 3 か月間の株価の変動すべてのリスクチェックを見る600644 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueCN¥Current PriceCN¥11.171.5% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture04b2016201920222025202620282031Revenue CN¥4.5bEarnings CN¥30.8mAdvancedSet Fair ValueView all narrativesLeshan Electric Power Co.,Ltd 競合他社Sichuan Guangan Aaa PublicLtdSymbol: SHSE:600979Market cap: CN¥5.9bSichuan Mingxing Electric PowerSymbol: SHSE:600101Market cap: CN¥5.3bSichuan Xichang Electric PowerLtdSymbol: SHSE:600505Market cap: CN¥4.5bHangzhou Cogeneration GroupSymbol: SHSE:605011Market cap: CN¥8.9b価格と性能株価の高値、安値、推移の概要Leshan Electric PowerLtd過去の株価現在の株価CN¥11.1752週高値CN¥18.0052週安値CN¥9.70ベータ0.661ヶ月の変化-10.85%3ヶ月変化0.36%1年変化-23.39%3年間の変化51.77%5年間の変化86.48%IPOからの変化924.77%最新ニュースBuy Or Sell Opportunity • Apr 21Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 8.0% to CN¥12.69. The fair value is estimated to be CN¥10.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has declined by 22%.お知らせ • Apr 20Leshan Electric Power Co.,Ltd, Annual General Meeting, May 08, 2026Leshan Electric Power Co.,Ltd, Annual General Meeting, May 08, 2026, at 09:30 China Standard Time. Location: Jinhaitang Hotel, Leshan, Sichuan ChinaReported Earnings • Apr 19Full year 2025 earnings released: EPS: CN¥0.041 (vs CN¥0.042 in FY 2024)Full year 2025 results: EPS: CN¥0.041. Revenue: CN¥3.40b (up 6.2% from FY 2024). Net income: CN¥23.3m (up 3.3% from FY 2024). Profit margin: 0.7% (in line with FY 2024).New Risk • Apr 07New 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 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 39% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change).お知らせ • Mar 30Leshan Electric Power Co.,Ltd to Report Q1, 2026 Results on Apr 25, 2026Leshan Electric Power Co.,Ltd announced that they will report Q1, 2026 results on Apr 25, 2026Reported Earnings • Feb 02Full year 2025 earnings released: EPS: CN¥0.041 (vs CN¥0.042 in FY 2024)Full year 2025 results: EPS: CN¥0.041. Revenue: CN¥3.40b (up 6.2% from FY 2024). Net income: CN¥23.4m (up 3.7% from FY 2024). Profit margin: 0.7% (in line with FY 2024).最新情報をもっと見るRecent updatesBuy Or Sell Opportunity • Apr 21Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 8.0% to CN¥12.69. The fair value is estimated to be CN¥10.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has declined by 22%.お知らせ • Apr 20Leshan Electric Power Co.,Ltd, Annual General Meeting, May 08, 2026Leshan Electric Power Co.,Ltd, Annual General Meeting, May 08, 2026, at 09:30 China Standard Time. Location: Jinhaitang Hotel, Leshan, Sichuan ChinaReported Earnings • Apr 19Full year 2025 earnings released: EPS: CN¥0.041 (vs CN¥0.042 in FY 2024)Full year 2025 results: EPS: CN¥0.041. Revenue: CN¥3.40b (up 6.2% from FY 2024). Net income: CN¥23.3m (up 3.3% from FY 2024). Profit margin: 0.7% (in line with FY 2024).New Risk • Apr 07New 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 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 39% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change).お知らせ • Mar 30Leshan Electric Power Co.,Ltd to Report Q1, 2026 Results on Apr 25, 2026Leshan Electric Power Co.,Ltd announced that they will report Q1, 2026 results on Apr 25, 2026Reported Earnings • Feb 02Full year 2025 earnings released: EPS: CN¥0.041 (vs CN¥0.042 in FY 2024)Full year 2025 results: EPS: CN¥0.041. Revenue: CN¥3.40b (up 6.2% from FY 2024). Net income: CN¥23.4m (up 3.7% from FY 2024). Profit margin: 0.7% (in line with FY 2024).New Risk • Dec 31New major risk - Revenue and earnings growthEarnings have declined by 37% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 Risk Earnings have declined by 37% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.お知らせ • Dec 26Leshan Electric Power Co.,Ltd to Report Fiscal Year 2025 Results on Apr 18, 2026Leshan Electric Power Co.,Ltd announced that they will report fiscal year 2025 results on Apr 18, 2026お知らせ • Sep 30Leshan Electric Power Co.,Ltd to Report Q3, 2025 Results on Oct 31, 2025Leshan Electric Power Co.,Ltd announced that they will report Q3, 2025 results on Oct 31, 2025Reported Earnings • Jul 26Second quarter 2025 earnings released: EPS: CN¥0.016 (vs CN¥0.027 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.016 (down from CN¥0.027 in 2Q 2024). Revenue: CN¥782.7m (up 2.3% from 2Q 2024). Net income: CN¥9.11m (down 37% from 2Q 2024). Profit margin: 1.2% (down from 1.9% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.お知らせ • Jun 30Leshan Electric Power Co.,Ltd to Report First Half, 2025 Results on Aug 30, 2025Leshan Electric Power Co.,Ltd announced that they will report first half, 2025 results on Aug 30, 2025Buy Or Sell Opportunity • Jun 30Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 98% to CN¥13.92. The fair value is estimated to be CN¥11.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has declined by 63%.Board Change • Jun 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 2 highly experienced directors. GM & Director Yongzhi Qiu was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Buy Or Sell Opportunity • May 20Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 120% to CN¥13.93. The fair value is estimated to be CN¥11.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has declined by 63%.お知らせ • May 14Leshan Electric Power Co.,Ltd, Annual General Meeting, Jun 05, 2025Leshan Electric Power Co.,Ltd, Annual General Meeting, Jun 05, 2025, at 09:30 China Standard Time. Location: Jinhaitang Hotel, Shizhong District, Leshan, Sichuan ChinaNew Risk • Apr 23New 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 9.2% 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. This is currently the only risk that has been identified for the company.Reported Earnings • Apr 19Full year 2024 earnings released: EPS: CN¥0.042 (vs CN¥0.045 in FY 2023)Full year 2024 results: EPS: CN¥0.042 (down from CN¥0.045 in FY 2023). Revenue: CN¥3.20b (up 7.0% from FY 2023). Net income: CN¥22.6m (down 7.1% from FY 2023). Profit margin: 0.7% (down from 0.8% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance.お知らせ • Mar 28Leshan Electric Power Co.,Ltd to Report Q1, 2025 Results on Apr 30, 2025Leshan Electric Power Co.,Ltd announced that they will report Q1, 2025 results on Apr 30, 2025お知らせ • Dec 27Leshan Electric Power Co.,Ltd to Report Fiscal Year 2024 Results on Apr 18, 2025Leshan Electric Power Co.,Ltd announced that they will report fiscal year 2024 results on Apr 18, 2025New Risk • Nov 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin).分析記事 • Nov 06We Think That There Are More Issues For Leshan Electric PowerLtd (SHSE:600644) Than Just Sluggish EarningsLeshan Electric Power Co.,Ltd's ( SHSE:600644 ) recent weak earnings report didn't cause a big stock movement. We think...New Risk • Oct 31New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.7% Last year net profit margin: 1.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company.お知らせ • Sep 30Leshan Electric Power Co.,Ltd to Report Q3, 2024 Results on Oct 31, 2024Leshan Electric Power Co.,Ltd announced that they will report Q3, 2024 results on Oct 31, 2024New Risk • Sep 06New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 2.8% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (2.8% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results.Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: CN¥0.027 (vs CN¥0.043 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.027 (down from CN¥0.043 in 2Q 2023). Revenue: CN¥764.9m (up 4.4% from 2Q 2023). Net income: CN¥14.4m (down 38% from 2Q 2023). Profit margin: 1.9% (down from 3.2% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has remained flat, which means it is well ahead of earnings.New Risk • Jul 25New 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 9.1% 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 Debt is not well covered by operating cash flow (9.1% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.1% average weekly change).Reported Earnings • Jul 11Second quarter 2024 earnings released: EPS: CN¥0.027 (vs CN¥0.043 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.027 (down from CN¥0.043 in 2Q 2023). Revenue: CN¥764.9m (up 4.4% from 2Q 2023). Net income: CN¥14.3m (down 39% from 2Q 2023). Profit margin: 1.9% (down from 3.2% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.お知らせ • Jun 28Leshan Electric Power Co.,Ltd to Report First Half, 2024 Results on Aug 16, 2024Leshan Electric Power Co.,Ltd announced that they will report first half, 2024 results on Aug 16, 2024New Risk • May 27New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.1% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.1% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (9.1% average weekly change).分析記事 • May 13Leshan Electric Power Co.,Ltd (SHSE:600644) Looks Just Right With A 26% Price JumpDespite an already strong run, Leshan Electric Power Co.,Ltd ( SHSE:600644 ) shares have been powering on, with a gain...Reported Earnings • Apr 30First quarter 2024 earnings released: CN¥0.01 loss per share (vs CN¥0.018 loss in 1Q 2023)First quarter 2024 results: CN¥0.01 loss per share (improved from CN¥0.018 loss in 1Q 2023). Revenue: CN¥827.6m (up 8.7% from 1Q 2023). Net loss: CN¥5.18m (loss narrowed 48% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.分析記事 • Apr 05There May Be Some Bright Spots In Leshan Electric PowerLtd's (SHSE:600644) EarningsThe market for Leshan Electric Power Co.,Ltd's ( SHSE:600644 ) shares didn't move much after it posted weak earnings...Reported Earnings • Mar 31Full year 2023 earnings released: EPS: CN¥0.045 (vs CN¥0.13 in FY 2022)Full year 2023 results: EPS: CN¥0.045 (down from CN¥0.13 in FY 2022). Revenue: CN¥2.99b (up 3.9% from FY 2022). Net income: CN¥24.3m (down 66% from FY 2022). Profit margin: 0.8% (down from 2.5% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.お知らせ • Mar 30Leshan Electric Power Co.,Ltd, Annual General Meeting, Apr 19, 2024Leshan Electric Power Co.,Ltd, Annual General Meeting, Apr 19, 2024, at 09:30 China Standard Time. Location: Jinhaitang Hotel, Leshan, Sichuan Chinaお知らせ • Mar 29Leshan Electric Power Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024Leshan Electric Power Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024分析記事 • Mar 08Leshan Electric Power Co.,Ltd's (SHSE:600644) P/S Is Still On The Mark Following 27% Share Price BounceThose holding Leshan Electric Power Co.,Ltd ( SHSE:600644 ) shares would be relieved that the share price has rebounded...Valuation Update With 7 Day Price Move • Feb 07Investor sentiment deteriorates as stock falls 24%After last week's 24% share price decline to CN¥4.53, the stock trades at a trailing P/E ratio of 78.5x. Average trailing P/E is 23x in the Electric Utilities industry in China. Total loss to shareholders of 6.8% over the past three years.お知らせ • Dec 29Leshan Electric Power Co.,Ltd to Report Fiscal Year 2023 Results on Mar 30, 2024Leshan Electric Power Co.,Ltd announced that they will report fiscal year 2023 results on Mar 30, 2024New Risk • Oct 31New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 7.5% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.5% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin).Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.046 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.11 (up from CN¥0.046 in 3Q 2022). Revenue: CN¥703.8m (up 12% from 3Q 2022). Net income: CN¥58.0m (up 133% from 3Q 2022). Profit margin: 8.2% (up from 4.0% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.お知らせ • Sep 30Leshan Electric Power Co.,Ltd to Report Q3, 2023 Results on Oct 27, 2023Leshan Electric Power Co.,Ltd announced that they will report Q3, 2023 results on Oct 27, 2023New Risk • Aug 25New major risk - Revenue and earnings growthEarnings have declined by 7.3% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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. This is currently the only risk that has been identified for the company.Reported Earnings • Aug 25Second quarter 2023 earnings released: EPS: CN¥0.043 (vs CN¥0.11 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.043 (down from CN¥0.11 in 2Q 2022). Revenue: CN¥732.9m (flat on 2Q 2022). Net income: CN¥23.3m (down 61% from 2Q 2022). Profit margin: 3.2% (down from 8.1% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Board Change • Jun 16Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Member of the Supervisory Board Pin Chun Du is the most experienced director on the board, commencing their role in 2013. Independent Director Ying Pan was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Reported Earnings • Apr 28First quarter 2023 earnings released: CN¥0.018 loss per share (vs CN¥0.05 profit in 1Q 2022)First quarter 2023 results: CN¥0.018 loss per share (down from CN¥0.05 profit in 1Q 2022). Revenue: CN¥761.3m (up 1.1% from 1Q 2022). Net loss: CN¥9.97m (down 137% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Reported Earnings • Jan 22Full year 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.22 in FY 2021)Full year 2022 results: EPS: CN¥0.13 (down from CN¥0.22 in FY 2021). Revenue: CN¥2.87b (up 12% from FY 2021). Net income: CN¥70.6m (down 40% from FY 2021). Profit margin: 2.5% (down from 4.6% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥7.40, the stock trades at a trailing P/E ratio of 70.9x. Average trailing P/E is 31x in the Electric Utilities industry in China. Total returns to shareholders of 26% over the past three years.Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.046 (vs CN¥0.17 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.046 (down from CN¥0.17 in 3Q 2021). Revenue: CN¥627.2m (down 2.5% from 3Q 2021). Net income: CN¥25.0m (down 72% from 3Q 2021). Profit margin: 4.0% (down from 14% in 3Q 2021). The decrease in margin was primarily driven by higher 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 4% per year.Reported Earnings • Aug 26Second quarter 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.086 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.11 (up from CN¥0.086 in 2Q 2021). Revenue: CN¥735.8m (up 14% from 2Q 2021). Net income: CN¥59.2m (up 27% from 2Q 2021). Profit margin: 8.1% (up from 7.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Aug 16Investor sentiment improved over the past weekAfter last week's 25% share price gain to CN¥8.02, the stock trades at a trailing P/E ratio of 36x. Average trailing P/E is 33x in the Electric Utilities industry in China. Total returns to shareholders of 32% over the past three years.Reported Earnings • Jul 21Second quarter 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.086 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.11 (up from CN¥0.086 in 2Q 2021). Revenue: CN¥735.8m (up 14% from 2Q 2021). Net income: CN¥59.2m (up 27% from 2Q 2021). Profit margin: 8.1% (up from 7.2% in 2Q 2021). The increase in margin was driven by higher revenue. 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 3% per year.Reported Earnings • May 02First quarter 2022 earnings released: EPS: CN¥0.05 (vs CN¥0.069 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.05 (down from CN¥0.069 in 1Q 2021). Revenue: CN¥752.8m (up 23% from 1Q 2021). Net income: CN¥26.8m (down 28% from 1Q 2021). Profit margin: 3.6% (down from 6.1% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 5% per year.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. 9 experienced directors. 3 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Guo Qiong Tang was the last independent director to join the board, commencing their role in 2015. 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 • Jan 23Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: CN¥0.22 (up from CN¥0.19 in FY 2020). Revenue: CN¥2.59b (up 13% from FY 2020). Net income: CN¥101.4m (down 1.1% from FY 2020). Profit margin: 3.9% (down from 4.5% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.17 (vs CN¥0.14 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥643.2m (up 11% from 3Q 2020). Net income: CN¥88.6m (up 16% from 3Q 2020). Profit margin: 14% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Oct 14Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to CN¥6.59, the stock trades at a trailing P/E ratio of 40.1x. Average trailing P/E is 42x in the Electric Utilities industry in China. Total returns to shareholders of 65% over the past three years.Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥7.50, the stock trades at a trailing P/E ratio of 45.6x. Average trailing P/E is 38x in the Electric Utilities industry in China. Total returns to shareholders of 53% over the past three years.Reported Earnings • Aug 22Second quarter 2021 earnings released: EPS CN¥0.086 (vs CN¥0.11 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¥646.0m (up 16% from 2Q 2020). Net income: CN¥46.6m (down 18% from 2Q 2020). Profit margin: 7.2% (down from 10% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year.Reported Earnings • Jul 16Second quarter 2021 earnings released: EPS CN¥0.086 (vs CN¥0.11 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¥646.0m (up 16% from 2Q 2020). Net income: CN¥46.6m (down 18% from 2Q 2020). Profit margin: 7.2% (down from 10% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year and the company’s share price has also increased by 7% per year.Valuation Update With 7 Day Price Move • May 24Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥6.13, the stock trades at a trailing P/E ratio of 33.3x. Average trailing P/E is 30x in the Electric Utilities industry in China. Total returns to shareholders of 12% over the past three years.Reported Earnings • May 04First quarter 2021 earnings released: EPS CN¥0.069 (vs CN¥0.076 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥611.0m (up 21% from 1Q 2020). Net income: CN¥37.2m (down 8.6% from 1Q 2020). Profit margin: 6.1% (down from 8.0% in 1Q 2020). 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 3% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 27Full year 2020 earnings released: EPS CN¥0.19 (vs CN¥0.17 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.30b (up 3.3% from FY 2019). Net income: CN¥102.4m (up 15% from FY 2019). Profit margin: 4.5% (up from 4.0% 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 23% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.お知らせ • Mar 05Leshan Electric Power Co., Ltd. to Report Fiscal Year 2020 Results on Mar 27, 2021Leshan Electric Power Co., Ltd. announced that they will report fiscal year 2020 results on Mar 27, 2021Is New 90 Day High Low • Jan 29New 90-day low: CN¥4.91The company is down 2.0% from its price of CN¥4.99 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 Electric Utilities industry, which is up 4.0% over the same period.Reported Earnings • Jan 28Full year 2020 earnings released: EPS CN¥0.19 (vs CN¥0.17 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.30b (up 3.3% from FY 2019). Net income: CN¥102.4m (up 15% from FY 2019). Profit margin: 4.5% (up from 4.0% 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 23% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Jan 11Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to CN¥5.29, the stock is trading at a trailing P/E ratio of 28.8x, down from the previous P/E ratio of 34.4x. This compares to an average P/E of 28x in the Electric Utilities industry in China. Total return to shareholders over the past three years is a loss of 22%.Valuation Update With 7 Day Price Move • Dec 28Investor sentiment improved over the past weekAfter last week's 23% share price gain to CN¥6.75, the stock is trading at a trailing P/E ratio of 36.7x, up from the previous P/E ratio of 29.8x. This compares to an average P/E of 30x in the Electric Utilities industry in China. Total return to shareholders over the past three years is a loss of 4.3%.Is New 90 Day High Low • Dec 23New 90-day high: CN¥5.65The company is up 8.0% from its price of CN¥5.25 on 24 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is down 1.0% over the same period.Reported Earnings • Nov 03Third quarter 2020 earnings released: EPS CN¥0.14The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥580.5m (up 8.9% from 3Q 2019). Net income: CN¥76.6m (up 49% from 3Q 2019). Profit margin: 13% (up from 9.6% 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 22% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.お知らせ • Oct 29Leshan Electric Power Co., Ltd. to Report Q3, 2020 Results on Oct 31, 2020Leshan Electric Power Co., Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020Is New 90 Day High Low • Oct 27New 90-day low: CN¥5.14The company is down 4.0% from its price of CN¥5.38 on 29 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Electric Utilities industry, which is also down 4.0% over the same period.Is New 90 Day High Low • Oct 01New 90-day low: CN¥5.15The company is down 1.0% from its price of CN¥5.19 on 03 July 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 4.0% over the same period.お知らせ • Jul 09Leshan Electric Power Co., Ltd. to Report First Half, 2020 Results on Aug 22, 2020Leshan Electric Power Co., Ltd. announced that they will report first half, 2020 results on Aug 22, 2020株主還元600644CN Electric UtilitiesCN 市場7D-2.1%-5.9%-2.7%1Y-23.4%32.9%31.5%株主還元を見る業界別リターン: 600644過去 1 年間で32.9 % の収益を上げたCN Electric Utilities業界を下回りました。リターン対市場: 600644は、過去 1 年間で31.5 % のリターンを上げたCN市場を下回りました。価格変動Is 600644's price volatile compared to industry and market?600644 volatility600644 Average Weekly Movement8.4%Electric Utilities Industry Average Movement8.0%Market Average Movement6.4%10% most volatile stocks in CN Market10.1%10% least volatile stocks in CN Market4.2%安定した株価: 600644の株価は、 CN市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 600644の weekly volatility ( 8% ) は過去 1 年間安定していますが、依然としてCNの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19883,186Yongzhi Qiuwww.lsdl600644.com楽山電力有限公司は、子会社とともに水力発電とその供給に従事している。また、水道水や天然ガスの製造・供給、パイプラインの敷設、総合エネルギー事業、ホテル事業にも携わり、専門的な技術サービスも提供している。楽山電力有限公司は1988年に設立され、中国楽山市に本社を置く。もっと見るLeshan Electric Power Co.,Ltd 基礎のまとめLeshan Electric PowerLtd の収益と売上を時価総額と比較するとどうか。600644 基礎統計学時価総額CN¥6.46b収益（TTM）CN¥22.75m売上高(TTM)CN¥3.33b283.9xPER（株価収益率1.9xP/Sレシオ600644 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計600644 損益計算書（TTM）収益CN¥3.33b売上原価CN¥2.83b売上総利益CN¥500.42mその他の費用CN¥477.67m収益CN¥22.75m直近の収益報告Mar 31, 2026次回決算日Jun 02, 2026一株当たり利益（EPS）0.039グロス・マージン15.05%純利益率0.68%有利子負債／自己資本比率51.8%600644 の長期的なパフォーマンスは？過去の実績と比較を見る配当金0.1%現在の配当利回り38%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 18:41終値2026/05/22 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本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、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。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Leshan Electric Power Co.,Ltd 0 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Xiaoning LiuSWS Research Co., Ltd.
Buy Or Sell Opportunity • Apr 21Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 8.0% to CN¥12.69. The fair value is estimated to be CN¥10.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has declined by 22%.
お知らせ • Apr 20Leshan Electric Power Co.,Ltd, Annual General Meeting, May 08, 2026Leshan Electric Power Co.,Ltd, Annual General Meeting, May 08, 2026, at 09:30 China Standard Time. Location: Jinhaitang Hotel, Leshan, Sichuan China
Reported Earnings • Apr 19Full year 2025 earnings released: EPS: CN¥0.041 (vs CN¥0.042 in FY 2024)Full year 2025 results: EPS: CN¥0.041. Revenue: CN¥3.40b (up 6.2% from FY 2024). Net income: CN¥23.3m (up 3.3% from FY 2024). Profit margin: 0.7% (in line with FY 2024).
New Risk • Apr 07New 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 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 39% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change).
お知らせ • Mar 30Leshan Electric Power Co.,Ltd to Report Q1, 2026 Results on Apr 25, 2026Leshan Electric Power Co.,Ltd announced that they will report Q1, 2026 results on Apr 25, 2026
Reported Earnings • Feb 02Full year 2025 earnings released: EPS: CN¥0.041 (vs CN¥0.042 in FY 2024)Full year 2025 results: EPS: CN¥0.041. Revenue: CN¥3.40b (up 6.2% from FY 2024). Net income: CN¥23.4m (up 3.7% from FY 2024). Profit margin: 0.7% (in line with FY 2024).
Buy Or Sell Opportunity • Apr 21Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 8.0% to CN¥12.69. The fair value is estimated to be CN¥10.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has declined by 22%.
お知らせ • Apr 20Leshan Electric Power Co.,Ltd, Annual General Meeting, May 08, 2026Leshan Electric Power Co.,Ltd, Annual General Meeting, May 08, 2026, at 09:30 China Standard Time. Location: Jinhaitang Hotel, Leshan, Sichuan China
Reported Earnings • Apr 19Full year 2025 earnings released: EPS: CN¥0.041 (vs CN¥0.042 in FY 2024)Full year 2025 results: EPS: CN¥0.041. Revenue: CN¥3.40b (up 6.2% from FY 2024). Net income: CN¥23.3m (up 3.3% from FY 2024). Profit margin: 0.7% (in line with FY 2024).
New Risk • Apr 07New 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 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 39% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change).
お知らせ • Mar 30Leshan Electric Power Co.,Ltd to Report Q1, 2026 Results on Apr 25, 2026Leshan Electric Power Co.,Ltd announced that they will report Q1, 2026 results on Apr 25, 2026
Reported Earnings • Feb 02Full year 2025 earnings released: EPS: CN¥0.041 (vs CN¥0.042 in FY 2024)Full year 2025 results: EPS: CN¥0.041. Revenue: CN¥3.40b (up 6.2% from FY 2024). Net income: CN¥23.4m (up 3.7% from FY 2024). Profit margin: 0.7% (in line with FY 2024).
New Risk • Dec 31New major risk - Revenue and earnings growthEarnings have declined by 37% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 Risk Earnings have declined by 37% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.
お知らせ • Dec 26Leshan Electric Power Co.,Ltd to Report Fiscal Year 2025 Results on Apr 18, 2026Leshan Electric Power Co.,Ltd announced that they will report fiscal year 2025 results on Apr 18, 2026
お知らせ • Sep 30Leshan Electric Power Co.,Ltd to Report Q3, 2025 Results on Oct 31, 2025Leshan Electric Power Co.,Ltd announced that they will report Q3, 2025 results on Oct 31, 2025
Reported Earnings • Jul 26Second quarter 2025 earnings released: EPS: CN¥0.016 (vs CN¥0.027 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.016 (down from CN¥0.027 in 2Q 2024). Revenue: CN¥782.7m (up 2.3% from 2Q 2024). Net income: CN¥9.11m (down 37% from 2Q 2024). Profit margin: 1.2% (down from 1.9% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.
お知らせ • Jun 30Leshan Electric Power Co.,Ltd to Report First Half, 2025 Results on Aug 30, 2025Leshan Electric Power Co.,Ltd announced that they will report first half, 2025 results on Aug 30, 2025
Buy Or Sell Opportunity • Jun 30Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 98% to CN¥13.92. The fair value is estimated to be CN¥11.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has declined by 63%.
Board Change • Jun 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 2 highly experienced directors. GM & Director Yongzhi Qiu was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Buy Or Sell Opportunity • May 20Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 120% to CN¥13.93. The fair value is estimated to be CN¥11.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has declined by 63%.
お知らせ • May 14Leshan Electric Power Co.,Ltd, Annual General Meeting, Jun 05, 2025Leshan Electric Power Co.,Ltd, Annual General Meeting, Jun 05, 2025, at 09:30 China Standard Time. Location: Jinhaitang Hotel, Shizhong District, Leshan, Sichuan China
New Risk • Apr 23New 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 9.2% 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. This is currently the only risk that has been identified for the company.
Reported Earnings • Apr 19Full year 2024 earnings released: EPS: CN¥0.042 (vs CN¥0.045 in FY 2023)Full year 2024 results: EPS: CN¥0.042 (down from CN¥0.045 in FY 2023). Revenue: CN¥3.20b (up 7.0% from FY 2023). Net income: CN¥22.6m (down 7.1% from FY 2023). Profit margin: 0.7% (down from 0.8% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 28Leshan Electric Power Co.,Ltd to Report Q1, 2025 Results on Apr 30, 2025Leshan Electric Power Co.,Ltd announced that they will report Q1, 2025 results on Apr 30, 2025
お知らせ • Dec 27Leshan Electric Power Co.,Ltd to Report Fiscal Year 2024 Results on Apr 18, 2025Leshan Electric Power Co.,Ltd announced that they will report fiscal year 2024 results on Apr 18, 2025
New Risk • Nov 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin).
分析記事 • Nov 06We Think That There Are More Issues For Leshan Electric PowerLtd (SHSE:600644) Than Just Sluggish EarningsLeshan Electric Power Co.,Ltd's ( SHSE:600644 ) recent weak earnings report didn't cause a big stock movement. We think...
New Risk • Oct 31New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.7% Last year net profit margin: 1.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company.
お知らせ • Sep 30Leshan Electric Power Co.,Ltd to Report Q3, 2024 Results on Oct 31, 2024Leshan Electric Power Co.,Ltd announced that they will report Q3, 2024 results on Oct 31, 2024
New Risk • Sep 06New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 2.8% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (2.8% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results.
Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: CN¥0.027 (vs CN¥0.043 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.027 (down from CN¥0.043 in 2Q 2023). Revenue: CN¥764.9m (up 4.4% from 2Q 2023). Net income: CN¥14.4m (down 38% from 2Q 2023). Profit margin: 1.9% (down from 3.2% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
New Risk • Jul 25New 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 9.1% 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 Debt is not well covered by operating cash flow (9.1% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.1% average weekly change).
Reported Earnings • Jul 11Second quarter 2024 earnings released: EPS: CN¥0.027 (vs CN¥0.043 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.027 (down from CN¥0.043 in 2Q 2023). Revenue: CN¥764.9m (up 4.4% from 2Q 2023). Net income: CN¥14.3m (down 39% from 2Q 2023). Profit margin: 1.9% (down from 3.2% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
お知らせ • Jun 28Leshan Electric Power Co.,Ltd to Report First Half, 2024 Results on Aug 16, 2024Leshan Electric Power Co.,Ltd announced that they will report first half, 2024 results on Aug 16, 2024
New Risk • May 27New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.1% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.1% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (9.1% average weekly change).
分析記事 • May 13Leshan Electric Power Co.,Ltd (SHSE:600644) Looks Just Right With A 26% Price JumpDespite an already strong run, Leshan Electric Power Co.,Ltd ( SHSE:600644 ) shares have been powering on, with a gain...
Reported Earnings • Apr 30First quarter 2024 earnings released: CN¥0.01 loss per share (vs CN¥0.018 loss in 1Q 2023)First quarter 2024 results: CN¥0.01 loss per share (improved from CN¥0.018 loss in 1Q 2023). Revenue: CN¥827.6m (up 8.7% from 1Q 2023). Net loss: CN¥5.18m (loss narrowed 48% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
分析記事 • Apr 05There May Be Some Bright Spots In Leshan Electric PowerLtd's (SHSE:600644) EarningsThe market for Leshan Electric Power Co.,Ltd's ( SHSE:600644 ) shares didn't move much after it posted weak earnings...
Reported Earnings • Mar 31Full year 2023 earnings released: EPS: CN¥0.045 (vs CN¥0.13 in FY 2022)Full year 2023 results: EPS: CN¥0.045 (down from CN¥0.13 in FY 2022). Revenue: CN¥2.99b (up 3.9% from FY 2022). Net income: CN¥24.3m (down 66% from FY 2022). Profit margin: 0.8% (down from 2.5% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
お知らせ • Mar 30Leshan Electric Power Co.,Ltd, Annual General Meeting, Apr 19, 2024Leshan Electric Power Co.,Ltd, Annual General Meeting, Apr 19, 2024, at 09:30 China Standard Time. Location: Jinhaitang Hotel, Leshan, Sichuan China
お知らせ • Mar 29Leshan Electric Power Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024Leshan Electric Power Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024
分析記事 • Mar 08Leshan Electric Power Co.,Ltd's (SHSE:600644) P/S Is Still On The Mark Following 27% Share Price BounceThose holding Leshan Electric Power Co.,Ltd ( SHSE:600644 ) shares would be relieved that the share price has rebounded...
Valuation Update With 7 Day Price Move • Feb 07Investor sentiment deteriorates as stock falls 24%After last week's 24% share price decline to CN¥4.53, the stock trades at a trailing P/E ratio of 78.5x. Average trailing P/E is 23x in the Electric Utilities industry in China. Total loss to shareholders of 6.8% over the past three years.
お知らせ • Dec 29Leshan Electric Power Co.,Ltd to Report Fiscal Year 2023 Results on Mar 30, 2024Leshan Electric Power Co.,Ltd announced that they will report fiscal year 2023 results on Mar 30, 2024
New Risk • Oct 31New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 7.5% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.5% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin).
Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.046 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.11 (up from CN¥0.046 in 3Q 2022). Revenue: CN¥703.8m (up 12% from 3Q 2022). Net income: CN¥58.0m (up 133% from 3Q 2022). Profit margin: 8.2% (up from 4.0% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
お知らせ • Sep 30Leshan Electric Power Co.,Ltd to Report Q3, 2023 Results on Oct 27, 2023Leshan Electric Power Co.,Ltd announced that they will report Q3, 2023 results on Oct 27, 2023
New Risk • Aug 25New major risk - Revenue and earnings growthEarnings have declined by 7.3% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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. This is currently the only risk that has been identified for the company.
Reported Earnings • Aug 25Second quarter 2023 earnings released: EPS: CN¥0.043 (vs CN¥0.11 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.043 (down from CN¥0.11 in 2Q 2022). Revenue: CN¥732.9m (flat on 2Q 2022). Net income: CN¥23.3m (down 61% from 2Q 2022). Profit margin: 3.2% (down from 8.1% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Board Change • Jun 16Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Member of the Supervisory Board Pin Chun Du is the most experienced director on the board, commencing their role in 2013. Independent Director Ying Pan was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Reported Earnings • Apr 28First quarter 2023 earnings released: CN¥0.018 loss per share (vs CN¥0.05 profit in 1Q 2022)First quarter 2023 results: CN¥0.018 loss per share (down from CN¥0.05 profit in 1Q 2022). Revenue: CN¥761.3m (up 1.1% from 1Q 2022). Net loss: CN¥9.97m (down 137% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Reported Earnings • Jan 22Full year 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.22 in FY 2021)Full year 2022 results: EPS: CN¥0.13 (down from CN¥0.22 in FY 2021). Revenue: CN¥2.87b (up 12% from FY 2021). Net income: CN¥70.6m (down 40% from FY 2021). Profit margin: 2.5% (down from 4.6% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥7.40, the stock trades at a trailing P/E ratio of 70.9x. Average trailing P/E is 31x in the Electric Utilities industry in China. Total returns to shareholders of 26% over the past three years.
Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.046 (vs CN¥0.17 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.046 (down from CN¥0.17 in 3Q 2021). Revenue: CN¥627.2m (down 2.5% from 3Q 2021). Net income: CN¥25.0m (down 72% from 3Q 2021). Profit margin: 4.0% (down from 14% in 3Q 2021). The decrease in margin was primarily driven by higher 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 4% per year.
Reported Earnings • Aug 26Second quarter 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.086 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.11 (up from CN¥0.086 in 2Q 2021). Revenue: CN¥735.8m (up 14% from 2Q 2021). Net income: CN¥59.2m (up 27% from 2Q 2021). Profit margin: 8.1% (up from 7.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Aug 16Investor sentiment improved over the past weekAfter last week's 25% share price gain to CN¥8.02, the stock trades at a trailing P/E ratio of 36x. Average trailing P/E is 33x in the Electric Utilities industry in China. Total returns to shareholders of 32% over the past three years.
Reported Earnings • Jul 21Second quarter 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.086 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.11 (up from CN¥0.086 in 2Q 2021). Revenue: CN¥735.8m (up 14% from 2Q 2021). Net income: CN¥59.2m (up 27% from 2Q 2021). Profit margin: 8.1% (up from 7.2% in 2Q 2021). The increase in margin was driven by higher revenue. 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 3% per year.
Reported Earnings • May 02First quarter 2022 earnings released: EPS: CN¥0.05 (vs CN¥0.069 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.05 (down from CN¥0.069 in 1Q 2021). Revenue: CN¥752.8m (up 23% from 1Q 2021). Net income: CN¥26.8m (down 28% from 1Q 2021). Profit margin: 3.6% (down from 6.1% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 5% per year.
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. 9 experienced directors. 3 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Guo Qiong Tang was the last independent director to join the board, commencing their role in 2015. 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 • Jan 23Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: CN¥0.22 (up from CN¥0.19 in FY 2020). Revenue: CN¥2.59b (up 13% from FY 2020). Net income: CN¥101.4m (down 1.1% from FY 2020). Profit margin: 3.9% (down from 4.5% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.17 (vs CN¥0.14 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥643.2m (up 11% from 3Q 2020). Net income: CN¥88.6m (up 16% from 3Q 2020). Profit margin: 14% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Oct 14Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to CN¥6.59, the stock trades at a trailing P/E ratio of 40.1x. Average trailing P/E is 42x in the Electric Utilities industry in China. Total returns to shareholders of 65% over the past three years.
Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥7.50, the stock trades at a trailing P/E ratio of 45.6x. Average trailing P/E is 38x in the Electric Utilities industry in China. Total returns to shareholders of 53% over the past three years.
Reported Earnings • Aug 22Second quarter 2021 earnings released: EPS CN¥0.086 (vs CN¥0.11 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¥646.0m (up 16% from 2Q 2020). Net income: CN¥46.6m (down 18% from 2Q 2020). Profit margin: 7.2% (down from 10% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year.
Reported Earnings • Jul 16Second quarter 2021 earnings released: EPS CN¥0.086 (vs CN¥0.11 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¥646.0m (up 16% from 2Q 2020). Net income: CN¥46.6m (down 18% from 2Q 2020). Profit margin: 7.2% (down from 10% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year and the company’s share price has also increased by 7% per year.
Valuation Update With 7 Day Price Move • May 24Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥6.13, the stock trades at a trailing P/E ratio of 33.3x. Average trailing P/E is 30x in the Electric Utilities industry in China. Total returns to shareholders of 12% over the past three years.
Reported Earnings • May 04First quarter 2021 earnings released: EPS CN¥0.069 (vs CN¥0.076 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥611.0m (up 21% from 1Q 2020). Net income: CN¥37.2m (down 8.6% from 1Q 2020). Profit margin: 6.1% (down from 8.0% in 1Q 2020). 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 3% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 27Full year 2020 earnings released: EPS CN¥0.19 (vs CN¥0.17 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.30b (up 3.3% from FY 2019). Net income: CN¥102.4m (up 15% from FY 2019). Profit margin: 4.5% (up from 4.0% 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 23% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
お知らせ • Mar 05Leshan Electric Power Co., Ltd. to Report Fiscal Year 2020 Results on Mar 27, 2021Leshan Electric Power Co., Ltd. announced that they will report fiscal year 2020 results on Mar 27, 2021
Is New 90 Day High Low • Jan 29New 90-day low: CN¥4.91The company is down 2.0% from its price of CN¥4.99 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 Electric Utilities industry, which is up 4.0% over the same period.
Reported Earnings • Jan 28Full year 2020 earnings released: EPS CN¥0.19 (vs CN¥0.17 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.30b (up 3.3% from FY 2019). Net income: CN¥102.4m (up 15% from FY 2019). Profit margin: 4.5% (up from 4.0% 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 23% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Jan 11Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to CN¥5.29, the stock is trading at a trailing P/E ratio of 28.8x, down from the previous P/E ratio of 34.4x. This compares to an average P/E of 28x in the Electric Utilities industry in China. Total return to shareholders over the past three years is a loss of 22%.
Valuation Update With 7 Day Price Move • Dec 28Investor sentiment improved over the past weekAfter last week's 23% share price gain to CN¥6.75, the stock is trading at a trailing P/E ratio of 36.7x, up from the previous P/E ratio of 29.8x. This compares to an average P/E of 30x in the Electric Utilities industry in China. Total return to shareholders over the past three years is a loss of 4.3%.
Is New 90 Day High Low • Dec 23New 90-day high: CN¥5.65The company is up 8.0% from its price of CN¥5.25 on 24 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is down 1.0% over the same period.
Reported Earnings • Nov 03Third quarter 2020 earnings released: EPS CN¥0.14The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥580.5m (up 8.9% from 3Q 2019). Net income: CN¥76.6m (up 49% from 3Q 2019). Profit margin: 13% (up from 9.6% 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 22% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
お知らせ • Oct 29Leshan Electric Power Co., Ltd. to Report Q3, 2020 Results on Oct 31, 2020Leshan Electric Power Co., Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020
Is New 90 Day High Low • Oct 27New 90-day low: CN¥5.14The company is down 4.0% from its price of CN¥5.38 on 29 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Electric Utilities industry, which is also down 4.0% over the same period.
Is New 90 Day High Low • Oct 01New 90-day low: CN¥5.15The company is down 1.0% from its price of CN¥5.19 on 03 July 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 4.0% over the same period.
お知らせ • Jul 09Leshan Electric Power Co., Ltd. to Report First Half, 2020 Results on Aug 22, 2020Leshan Electric Power Co., Ltd. announced that they will report first half, 2020 results on Aug 22, 2020
