View Financial HealthShanghai Electric Power 配当と自社株買い配当金 基準チェック /46Shanghai Electric Power配当を支払う会社であり、現在の利回りは2.71%で、収益によって十分にカバーされています。主要情報2.7%配当利回り-10.5%バイバック利回り総株主利回り-7.8%将来の配当利回り2.7%配当成長-0.1%次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向48%最近の配当と自社株買いの更新更新なしすべての更新を表示Recent updatesValuation Update With 7 Day Price Move • Jul 20Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥16.35, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 21x in the Renewable Energy industry in China. Total returns to shareholders of 71% over the past three years.お知らせ • Jun 30Shanghai Electric Power Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026Shanghai Electric Power Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026Valuation Update With 7 Day Price Move • May 28Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥21.18, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 25x in the Renewable Energy industry in China. Total returns to shareholders of 95% over the past three years.Board Change • May 20High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. Independent Director Yue Kesheng is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • Apr 28Shanghai Electric Power Co., Ltd., Annual General Meeting, May 28, 2026Shanghai Electric Power Co., Ltd., Annual General Meeting, May 28, 2026, at 14:00 China Standard Time. Location: 8F, No. 585, Xujiahui Road, Shanghai Chinaお知らせ • Mar 30Shanghai Electric Power Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Shanghai Electric Power Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026お知らせ • Dec 26Shanghai Electric Power Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026Shanghai Electric Power Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026お知らせ • Sep 30Shanghai Electric Power Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025Shanghai Electric Power Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025お知らせ • Jun 30Shanghai Electric Power Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025Shanghai Electric Power Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025お知らせ • May 15Shanghai Power Equipment Research Institute agreed to acquire 77.88% stake in Shanghai Minghua Electric Power Technology Engineering Co., Ltd. from Shanghai Electric Power Co., Ltd. (SHSE:600021) for approximately CNY 200 millionShanghai Power Equipment Research Institute agreed to acquire 77.88% stake in Shanghai Minghua Electric Power Technology Engineering Co., Ltd. from Shanghai Electric Power Co., Ltd. (SHSE:600021) for approximately CNY 200 million on May 14, 2025. A cash consideration of CNY 202 million will be paid by Shanghai Power Equipment Research Institute. As part of consideration, CNY 202 million is paid towards common equity of Shanghai Minghua Electric Power Technology Engineering Co., Ltd. As of June 30, 2024, Shanghai Minghua Electric Power Technology Engineering Co., Ltd. reported total assets of CNY 205.53 million and total common equity of CNY 137.94 million.お知らせ • Apr 01Shanghai Electric Power Co., Ltd., Annual General Meeting, Apr 23, 2025Shanghai Electric Power Co., Ltd., Annual General Meeting, Apr 23, 2025, at 14:00 China Standard Time. Location: 8F, No. 585, Xujiahui Road, Shanghai Chinaお知らせ • Mar 28Shanghai Electric Power Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Shanghai Electric Power Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025お知らせ • Dec 27Shanghai Electric Power Co., Ltd. to Report Fiscal Year 2024 Results on Apr 01, 2025Shanghai Electric Power Co., Ltd. announced that they will report fiscal year 2024 results on Apr 01, 2025New Risk • Oct 30New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.1% 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 Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows.Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.35 (vs CN¥0.25 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.35 (up from CN¥0.25 in 3Q 2023). Revenue: CN¥12.4b (up 11% from 3Q 2023). Net income: CN¥1.29b (up 85% from 3Q 2023). Profit margin: 10% (up from 6.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥9.67, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Renewable Energy industry in China. Total loss to shareholders of 20% over the past three years.お知らせ • Sep 30Shanghai Electric Power Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024Shanghai Electric Power Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024Reported Earnings • Aug 27Second quarter 2024 earnings released: EPS: CN¥0.22 (vs CN¥0.14 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.22 (up from CN¥0.14 in 2Q 2023). Revenue: CN¥9.51b (down 3.9% from 2Q 2023). Net income: CN¥770.1m (up 89% from 2Q 2023). Profit margin: 8.1% (up from 4.1% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 28Shanghai Electric Power Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024Shanghai Electric Power Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024お知らせ • Apr 29Shanghai Electric Power Co., Ltd., Annual General Meeting, May 21, 2024Shanghai Electric Power Co., Ltd., Annual General Meeting, May 21, 2024, at 14:00 China Standard Time. Location: 8F, No. 585, Xujiahui Road, Shanghai ChinaReported Earnings • Apr 27First quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.10 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.20 (up from CN¥0.10 in 1Q 2023). Revenue: CN¥10.6b (up 2.6% from 1Q 2023). Net income: CN¥633.9m (up 116% from 1Q 2023). Profit margin: 6.0% (up from 2.8% in 1Q 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.New Risk • Apr 05New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Debt is not well covered by operating cash flow (9.0% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.お知らせ • Mar 29Shanghai Electric Power Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024Shanghai Electric Power Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024Reported Earnings • Mar 07Full year 2023 earnings released: EPS: CN¥0.49 (vs CN¥0.068 in FY 2022)Full year 2023 results: EPS: CN¥0.49. Revenue: CN¥4.24m (down 100% from FY 2022). Net income: CN¥159.3k (down 100% from FY 2022). Profit margin: 3.8% (up from 0.5% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 78% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Renewable Energy industry in China.お知らせ • Dec 30Shanghai Electric Power Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024Shanghai Electric Power Co., Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024Reported Earnings • Oct 31Third quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.084 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.23 (up from CN¥0.084 in 3Q 2022). Revenue: CN¥11.2b (down 4.1% from 3Q 2022). Net income: CN¥767.4m (up 226% from 3Q 2022). Profit margin: 6.9% (up from 2.0% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.069 loss in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.14 (up from CN¥0.069 loss in 2Q 2022). Revenue: CN¥9.90b (up 28% from 2Q 2022). Net income: CN¥493.7m (up CN¥675.3m from 2Q 2022). Profit margin: 5.0% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Renewable Energy industry in China. 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 7% per year, which means it is well ahead of earnings.お知らせ • Aug 11Shanghai Electric Power's Unit Plans Wind Power Project In SerbiaShanghai Electric Power Co., Ltd. (SHSE:600021) says unit plans to buy 51% stake in a firm of up to €27.5 million ($30.19 million) for wind power project in Serbia. It says unit plans financing of up to CNY 750 million ($104.11 million) via REITS which include photovoltaic power generation assets.お知らせ • Jun 28Shanghai Electric Power Co., Ltd. to Report First Half, 2023 Results on Aug 29, 2023Shanghai Electric Power Co., Ltd. announced that they will report first half, 2023 results on Aug 29, 2023Reported Earnings • Mar 13Full year 2022 earnings released: EPS: CN¥0.068 (vs CN¥0.77 loss in FY 2021)Full year 2022 results: EPS: CN¥0.068 (up from CN¥0.77 loss in FY 2021). Revenue: CN¥39.2b (up 28% from FY 2021). Net income: CN¥320.8m (up CN¥2.34b from FY 2021). Profit margin: 0.8% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance.お知らせ • Jan 21Shanghai Electric Power Co., Ltd. agreed to acquire a 66.40% stake in K-Electric Limited (KASE:KEL) from KES POWER LTD.Shanghai Electric Power Co., Ltd. agreed to acquire a 66.40% stake in K-Electric Limited (KASE:KEL) from KES POWER LTD on January 20, 2023. Shanghai Electric Power will acquire 18,335 million shares of K-Electric Limited. Transaction has been approved by Development and Reform Commission of the People's Republic of China and the approval of the Pakistan Competition Commission and other prerequisites.Reported Earnings • Oct 29Third quarter 2022 earnings released: EPS: CN¥0.022 (vs CN¥0.13 loss in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.022 (up from CN¥0.13 loss in 3Q 2021). Revenue: CN¥11.7b (up 51% from 3Q 2021). Net income: CN¥268.6m (up CN¥617.9m from 3Q 2021). Profit margin: 2.3% (up from net loss in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance.Reported Earnings • May 02First quarter 2022 earnings released: EPS: CN¥0.026 (vs CN¥0.09 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.026 (down from CN¥0.09 in 1Q 2021). Revenue: CN¥8.38b (up 16% from 1Q 2021). Net income: CN¥69.1m (down 74% from 1Q 2021). Profit margin: 0.8% (down from 3.7% in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance.Valuation Update With 7 Day Price Move • Oct 29Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥11.38, the stock trades at a trailing P/E ratio of 46.4x. Average trailing P/E is 26x in the Renewable Energy industry in China. Total returns to shareholders of 66% over the past three years.Valuation Update With 7 Day Price Move • Oct 14Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to CN¥9.98, the stock trades at a trailing P/E ratio of 40.7x. Average trailing P/E is 21x in the Renewable Energy industry in China. Total returns to shareholders of 73% over the past three years.Valuation Update With 7 Day Price Move • Sep 23Investor sentiment improved over the past weekAfter last week's 21% share price gain to CN¥10.53, the stock trades at a trailing P/E ratio of 42.9x. Average trailing P/E is 25x in the Renewable Energy industry in China. Total returns to shareholders of 52% over the past three years.Valuation Update With 7 Day Price Move • Sep 07Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥8.45, the stock trades at a trailing P/E ratio of 32.8x. Average trailing P/E is 22x in the Renewable Energy industry in China. Total returns to shareholders of 21% over the past three years.Reported Earnings • Aug 24Second quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.32 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¥7.07b (up 14% from 2Q 2020). Net income: CN¥437.7m (down 15% from 2Q 2020). Profit margin: 6.2% (down from 8.3% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Reported Earnings • Apr 29First quarter 2021 earnings released: EPS CN¥0.09 (vs CN¥0.042 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥7.20b (up 29% from 1Q 2020). Net income: CN¥268.0m (up 90% from 1Q 2020). Profit margin: 3.7% (up from 2.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 30Full year 2020 earnings released: EPS CN¥0.29 (vs CN¥0.36 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥24.2b (up 2.2% from FY 2019). Net income: CN¥889.2m (down 7.6% from FY 2019). Profit margin: 3.7% (down from 4.1% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Mar 11New 90-day high: CN¥7.70The company is up 9.0% from its price of CN¥7.08 on 11 December 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 4.0% over the same period.Is New 90 Day High Low • Jan 25New 90-day low: CN¥6.98The company is down 5.0% from its price of CN¥7.32 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 1.0% over the same period.Is New 90 Day High Low • Dec 12New 90-day low: CN¥7.08The company is down 6.0% from its price of CN¥7.57 on 11 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is down 2.0% over the same period.Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥1.26b, down 56% from the prior year. Total revenue was CN¥24.2b over the last 12 months, up 3.5% from the prior year.Is New 90 Day High Low • Oct 22New 90-day low: CN¥7.43The company is down 1.0% from its price of CN¥7.54 on 24 July 2020. The Chinese market is also down 1.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Renewable Energy industry, which is up 1.0% over the same period.決済の安定と成長配当データの取得安定した配当: 600021の配当金支払いは、過去10年間 変動性 が高かった。増加する配当: 600021の配当金は過去10年間にわたって増加しています。配当利回り対市場Shanghai Electric Power 配当利回り対市場600021 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (600021)2.7%市場下位25% (CN)0.4%市場トップ25% (CN)2.2%業界平均 (Renewable Energy)3.1%アナリスト予想 (600021) (最長3年)2.7%注目すべき配当: 600021の配当金 ( 2.71% ) はCN市場の配当金支払者の下位 25% ( 0.43% ) よりも高くなっています。高配当: 600021の配当金 ( 2.71% ) はCN市場 ( 2.2% ) の配当支払者の中で上位 25% に入っています。株主への利益配当収益カバレッジ: 600021の 配当性向 ( 48.4% ) はかなり低いため、配当金の支払いは利益によって十分にカバーされます。株主配当金キャッシュフローカバレッジ: 600021は配当金を支払っていますが、同社にはフリーキャッシュフローがありません。高配当企業の発掘7D1Y7D1Y7D1YCN 市場の強力な配当支払い企業。View Management企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/19 12:02終値2026/08/19 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Shanghai 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。5 アナリスト機関Jiani LiuChina International Capital Corporation LimitedFei WuCitic Securities Co., Ltd.Wei WangEverbright Securities Co. Ltd.2 その他のアナリストを表示
Valuation Update With 7 Day Price Move • Jul 20Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥16.35, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 21x in the Renewable Energy industry in China. Total returns to shareholders of 71% over the past three years.
お知らせ • Jun 30Shanghai Electric Power Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026Shanghai Electric Power Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026
Valuation Update With 7 Day Price Move • May 28Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥21.18, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 25x in the Renewable Energy industry in China. Total returns to shareholders of 95% over the past three years.
Board Change • May 20High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. Independent Director Yue Kesheng is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • Apr 28Shanghai Electric Power Co., Ltd., Annual General Meeting, May 28, 2026Shanghai Electric Power Co., Ltd., Annual General Meeting, May 28, 2026, at 14:00 China Standard Time. Location: 8F, No. 585, Xujiahui Road, Shanghai China
お知らせ • Mar 30Shanghai Electric Power Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Shanghai Electric Power Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026
お知らせ • Dec 26Shanghai Electric Power Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026Shanghai Electric Power Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026
お知らせ • Sep 30Shanghai Electric Power Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025Shanghai Electric Power Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025
お知らせ • Jun 30Shanghai Electric Power Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025Shanghai Electric Power Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025
お知らせ • May 15Shanghai Power Equipment Research Institute agreed to acquire 77.88% stake in Shanghai Minghua Electric Power Technology Engineering Co., Ltd. from Shanghai Electric Power Co., Ltd. (SHSE:600021) for approximately CNY 200 millionShanghai Power Equipment Research Institute agreed to acquire 77.88% stake in Shanghai Minghua Electric Power Technology Engineering Co., Ltd. from Shanghai Electric Power Co., Ltd. (SHSE:600021) for approximately CNY 200 million on May 14, 2025. A cash consideration of CNY 202 million will be paid by Shanghai Power Equipment Research Institute. As part of consideration, CNY 202 million is paid towards common equity of Shanghai Minghua Electric Power Technology Engineering Co., Ltd. As of June 30, 2024, Shanghai Minghua Electric Power Technology Engineering Co., Ltd. reported total assets of CNY 205.53 million and total common equity of CNY 137.94 million.
お知らせ • Apr 01Shanghai Electric Power Co., Ltd., Annual General Meeting, Apr 23, 2025Shanghai Electric Power Co., Ltd., Annual General Meeting, Apr 23, 2025, at 14:00 China Standard Time. Location: 8F, No. 585, Xujiahui Road, Shanghai China
お知らせ • Mar 28Shanghai Electric Power Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Shanghai Electric Power Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025
お知らせ • Dec 27Shanghai Electric Power Co., Ltd. to Report Fiscal Year 2024 Results on Apr 01, 2025Shanghai Electric Power Co., Ltd. announced that they will report fiscal year 2024 results on Apr 01, 2025
New Risk • Oct 30New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.1% 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 Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows.
Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.35 (vs CN¥0.25 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.35 (up from CN¥0.25 in 3Q 2023). Revenue: CN¥12.4b (up 11% from 3Q 2023). Net income: CN¥1.29b (up 85% from 3Q 2023). Profit margin: 10% (up from 6.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥9.67, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Renewable Energy industry in China. Total loss to shareholders of 20% over the past three years.
お知らせ • Sep 30Shanghai Electric Power Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024Shanghai Electric Power Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024
Reported Earnings • Aug 27Second quarter 2024 earnings released: EPS: CN¥0.22 (vs CN¥0.14 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.22 (up from CN¥0.14 in 2Q 2023). Revenue: CN¥9.51b (down 3.9% from 2Q 2023). Net income: CN¥770.1m (up 89% from 2Q 2023). Profit margin: 8.1% (up from 4.1% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 28Shanghai Electric Power Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024Shanghai Electric Power Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024
お知らせ • Apr 29Shanghai Electric Power Co., Ltd., Annual General Meeting, May 21, 2024Shanghai Electric Power Co., Ltd., Annual General Meeting, May 21, 2024, at 14:00 China Standard Time. Location: 8F, No. 585, Xujiahui Road, Shanghai China
Reported Earnings • Apr 27First quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.10 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.20 (up from CN¥0.10 in 1Q 2023). Revenue: CN¥10.6b (up 2.6% from 1Q 2023). Net income: CN¥633.9m (up 116% from 1Q 2023). Profit margin: 6.0% (up from 2.8% in 1Q 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
New Risk • Apr 05New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Debt is not well covered by operating cash flow (9.0% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.
お知らせ • Mar 29Shanghai Electric Power Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024Shanghai Electric Power Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024
Reported Earnings • Mar 07Full year 2023 earnings released: EPS: CN¥0.49 (vs CN¥0.068 in FY 2022)Full year 2023 results: EPS: CN¥0.49. Revenue: CN¥4.24m (down 100% from FY 2022). Net income: CN¥159.3k (down 100% from FY 2022). Profit margin: 3.8% (up from 0.5% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 78% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Renewable Energy industry in China.
お知らせ • Dec 30Shanghai Electric Power Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024Shanghai Electric Power Co., Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024
Reported Earnings • Oct 31Third quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.084 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.23 (up from CN¥0.084 in 3Q 2022). Revenue: CN¥11.2b (down 4.1% from 3Q 2022). Net income: CN¥767.4m (up 226% from 3Q 2022). Profit margin: 6.9% (up from 2.0% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.069 loss in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.14 (up from CN¥0.069 loss in 2Q 2022). Revenue: CN¥9.90b (up 28% from 2Q 2022). Net income: CN¥493.7m (up CN¥675.3m from 2Q 2022). Profit margin: 5.0% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Renewable Energy industry in China. 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 7% per year, which means it is well ahead of earnings.
お知らせ • Aug 11Shanghai Electric Power's Unit Plans Wind Power Project In SerbiaShanghai Electric Power Co., Ltd. (SHSE:600021) says unit plans to buy 51% stake in a firm of up to €27.5 million ($30.19 million) for wind power project in Serbia. It says unit plans financing of up to CNY 750 million ($104.11 million) via REITS which include photovoltaic power generation assets.
お知らせ • Jun 28Shanghai Electric Power Co., Ltd. to Report First Half, 2023 Results on Aug 29, 2023Shanghai Electric Power Co., Ltd. announced that they will report first half, 2023 results on Aug 29, 2023
Reported Earnings • Mar 13Full year 2022 earnings released: EPS: CN¥0.068 (vs CN¥0.77 loss in FY 2021)Full year 2022 results: EPS: CN¥0.068 (up from CN¥0.77 loss in FY 2021). Revenue: CN¥39.2b (up 28% from FY 2021). Net income: CN¥320.8m (up CN¥2.34b from FY 2021). Profit margin: 0.8% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance.
お知らせ • Jan 21Shanghai Electric Power Co., Ltd. agreed to acquire a 66.40% stake in K-Electric Limited (KASE:KEL) from KES POWER LTD.Shanghai Electric Power Co., Ltd. agreed to acquire a 66.40% stake in K-Electric Limited (KASE:KEL) from KES POWER LTD on January 20, 2023. Shanghai Electric Power will acquire 18,335 million shares of K-Electric Limited. Transaction has been approved by Development and Reform Commission of the People's Republic of China and the approval of the Pakistan Competition Commission and other prerequisites.
Reported Earnings • Oct 29Third quarter 2022 earnings released: EPS: CN¥0.022 (vs CN¥0.13 loss in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.022 (up from CN¥0.13 loss in 3Q 2021). Revenue: CN¥11.7b (up 51% from 3Q 2021). Net income: CN¥268.6m (up CN¥617.9m from 3Q 2021). Profit margin: 2.3% (up from net loss in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 02First quarter 2022 earnings released: EPS: CN¥0.026 (vs CN¥0.09 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.026 (down from CN¥0.09 in 1Q 2021). Revenue: CN¥8.38b (up 16% from 1Q 2021). Net income: CN¥69.1m (down 74% from 1Q 2021). Profit margin: 0.8% (down from 3.7% in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance.
Valuation Update With 7 Day Price Move • Oct 29Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥11.38, the stock trades at a trailing P/E ratio of 46.4x. Average trailing P/E is 26x in the Renewable Energy industry in China. Total returns to shareholders of 66% over the past three years.
Valuation Update With 7 Day Price Move • Oct 14Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to CN¥9.98, the stock trades at a trailing P/E ratio of 40.7x. Average trailing P/E is 21x in the Renewable Energy industry in China. Total returns to shareholders of 73% over the past three years.
Valuation Update With 7 Day Price Move • Sep 23Investor sentiment improved over the past weekAfter last week's 21% share price gain to CN¥10.53, the stock trades at a trailing P/E ratio of 42.9x. Average trailing P/E is 25x in the Renewable Energy industry in China. Total returns to shareholders of 52% over the past three years.
Valuation Update With 7 Day Price Move • Sep 07Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥8.45, the stock trades at a trailing P/E ratio of 32.8x. Average trailing P/E is 22x in the Renewable Energy industry in China. Total returns to shareholders of 21% over the past three years.
Reported Earnings • Aug 24Second quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.32 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¥7.07b (up 14% from 2Q 2020). Net income: CN¥437.7m (down 15% from 2Q 2020). Profit margin: 6.2% (down from 8.3% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Reported Earnings • Apr 29First quarter 2021 earnings released: EPS CN¥0.09 (vs CN¥0.042 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥7.20b (up 29% from 1Q 2020). Net income: CN¥268.0m (up 90% from 1Q 2020). Profit margin: 3.7% (up from 2.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 30Full year 2020 earnings released: EPS CN¥0.29 (vs CN¥0.36 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥24.2b (up 2.2% from FY 2019). Net income: CN¥889.2m (down 7.6% from FY 2019). Profit margin: 3.7% (down from 4.1% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Mar 11New 90-day high: CN¥7.70The company is up 9.0% from its price of CN¥7.08 on 11 December 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 4.0% over the same period.
Is New 90 Day High Low • Jan 25New 90-day low: CN¥6.98The company is down 5.0% from its price of CN¥7.32 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 1.0% over the same period.
Is New 90 Day High Low • Dec 12New 90-day low: CN¥7.08The company is down 6.0% from its price of CN¥7.57 on 11 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is down 2.0% over the same period.
Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥1.26b, down 56% from the prior year. Total revenue was CN¥24.2b over the last 12 months, up 3.5% from the prior year.
Is New 90 Day High Low • Oct 22New 90-day low: CN¥7.43The company is down 1.0% from its price of CN¥7.54 on 24 July 2020. The Chinese market is also down 1.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Renewable Energy industry, which is up 1.0% over the same period.