View ValuationGrandblue Environment 将来の成長Future 基準チェック /16Grandblue Environment利益と収益がそれぞれ年間8.3%と4.9%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に13.4% 8.4%なると予測されています。主要情報8.3%収益成長率8.41%EPS成長率Water Utilities 収益成長8.0%収益成長率4.9%将来の株主資本利益率13.36%アナリストカバレッジLow最終更新日20 May 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesBoard Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Liang Jinqi was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Mar 30Grandblue Environment Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026Grandblue Environment Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026お知らせ • Dec 26Grandblue Environment Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026Grandblue Environment Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026お知らせ • Sep 30Grandblue Environment Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025Grandblue Environment Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025お知らせ • Jun 30Grandblue Environment Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025Grandblue Environment Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025お知らせ • Apr 15Grandblue Environment Co., Ltd., Annual General Meeting, May 07, 2025Grandblue Environment Co., Ltd., Annual General Meeting, May 07, 2025, at 14:30 China Standard Time. Location: 10F, No. 23, Ronghe Road, Guicheng Subdistrict, Nanhai District, Foshan, Guangdong Chinaお知らせ • Mar 28Grandblue Environment Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Grandblue Environment Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025お知らせ • Dec 27Grandblue Environment Co., Ltd. to Report Fiscal Year 2024 Results on Apr 11, 2025Grandblue Environment Co., Ltd. announced that they will report fiscal year 2024 results on Apr 11, 2025New Risk • Oct 28New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 124% Dividend yield: 2.1% 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 (14% operating cash flow to total debt). Minor Risk Dividend is not well covered by cash flows (124% cash payout ratio).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¥21.85, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Water Utilities industry in China. Total loss to shareholders of 14% over the past three years.お知らせ • Sep 30Grandblue Environment Co., Ltd. to Report Q3, 2024 Results on Oct 28, 2024Grandblue Environment Co., Ltd. announced that they will report Q3, 2024 results on Oct 28, 2024Reported Earnings • Aug 26Second quarter 2024 earnings released: EPS: CN¥0.62 (vs CN¥0.47 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.62 (up from CN¥0.47 in 2Q 2023). Revenue: CN¥3.11b (flat on 2Q 2023). Net income: CN¥506.2m (up 33% from 2Q 2023). Profit margin: 16% (up from 12% in 2Q 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Water Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Declared Dividend • Jul 20Dividend increased to CN¥0.48Dividend of CN¥0.48 is 118% higher than last year. Ex-date: 24th July 2024 Payment date: 24th July 2024 Dividend yield will be 2.1%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jun 28Grandblue Environment Co., Ltd. to Report First Half, 2024 Results on Aug 26, 2024Grandblue Environment Co., Ltd. announced that they will report first half, 2024 results on Aug 26, 2024お知らせ • Jun 08Grandblue Environment Co., Ltd., Annual General Meeting, Jun 28, 2024Grandblue Environment Co., Ltd., Annual General Meeting, Jun 28, 2024, at 14:30 China Standard Time. Location: 10F, No. 23, Ronghe Road, Guicheng Subdistrict, Nanhai District, Foshan, Guangdong ChinaReported Earnings • May 01First quarter 2024 earnings released: EPS: CN¥0.47 (vs CN¥0.38 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.47 (up from CN¥0.38 in 1Q 2023). Revenue: CN¥2.72b (down 3.1% from 1Q 2023). Net income: CN¥381.0m (up 23% from 1Q 2023). Profit margin: 14% (up from 11% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Water Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 03Full year 2023 earnings released: EPS: CN¥1.75 (vs CN¥1.41 in FY 2022)Full year 2023 results: EPS: CN¥1.75 (up from CN¥1.41 in FY 2022). Revenue: CN¥12.5b (down 2.6% from FY 2022). Net income: CN¥1.43b (up 25% from FY 2022). Profit margin: 11% (up from 8.9% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Water Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.お知らせ • Mar 29Grandblue Environment Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Grandblue Environment Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024お知らせ • Dec 29Grandblue Environment Co., Ltd. to Report Fiscal Year 2023 Results on Apr 12, 2024Grandblue Environment Co., Ltd. announced that they will report fiscal year 2023 results on Apr 12, 2024Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.58 (vs CN¥0.39 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.58 (up from CN¥0.39 in 3Q 2022). Revenue: CN¥3.03b (down 13% from 3Q 2022). Net income: CN¥476.0m (up 50% from 3Q 2022). Profit margin: 16% (up from 9.2% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.お知らせ • Sep 30Grandblue Environment Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023Grandblue Environment Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023Reported Earnings • Aug 19Second quarter 2023 earnings released: EPS: CN¥0.47 (vs CN¥0.46 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.47. Revenue: CN¥3.13b (down 8.3% from 2Q 2022). Net income: CN¥379.7m (down 2.8% from 2Q 2022). Profit margin: 12% (in line with 2Q 2022). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Water Utilities industry in Asia.お知らせ • Jun 28Grandblue Environment Co., Ltd. to Report First Half, 2023 Results on Aug 18, 2023Grandblue Environment Co., Ltd. announced that they will report first half, 2023 results on Aug 18, 2023Reported Earnings • Apr 08Full year 2022 earnings released: EPS: CN¥1.41 (vs CN¥1.45 in FY 2021)Full year 2022 results: EPS: CN¥1.41 (down from CN¥1.45 in FY 2021). Revenue: CN¥12.9b (up 9.3% from FY 2021). Net income: CN¥1.15b (down 1.5% from FY 2021). Profit margin: 8.9% (down from 9.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Board Change • Nov 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: 3 independent directors. 6 non-independent directors. Independent Director Jun Zhang was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.39 (vs CN¥0.35 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.39 (up from CN¥0.35 in 3Q 2021). Revenue: CN¥3.47b (up 35% from 3Q 2021). Net income: CN¥318.1m (up 5.5% from 3Q 2021). Profit margin: 9.2% (down from 12% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Water Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 20Second quarter 2022 earnings released: EPS: CN¥0.46 (vs CN¥0.47 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.46. Revenue: CN¥3.41b (up 37% from 2Q 2021). Net income: CN¥390.5m (up 1.5% from 2Q 2021). Profit margin: 12% (down from 16% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 4.3% compared to a 13% growth forecast for the Water Utilities industry in China.Reported Earnings • Aug 20Second quarter 2022 earnings released: EPS: CN¥0.46 (vs CN¥0.47 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.46. Revenue: CN¥3.41b (up 37% from 2Q 2021). Net income: CN¥390.5m (up 1.5% from 2Q 2021). Profit margin: 12% (down from 16% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 4.3% compared to a 13% growth forecast for the Water Utilities industry in China.Reported Earnings • Apr 30First quarter 2022 earnings released: EPS: CN¥0.20 (vs CN¥0.32 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.20 (down from CN¥0.32 in 1Q 2021). Revenue: CN¥2.73b (up 32% from 1Q 2021). Net income: CN¥159.1m (down 34% from 1Q 2021). Profit margin: 5.8% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 15% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. 4 independent directors (8 non-independent directors). Chairman of the Board Guocan Chen was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Apr 02Full year 2021 earnings released: EPS: CN¥1.45 (vs CN¥1.38 in FY 2020)Full year 2021 results: EPS: CN¥1.45 (up from CN¥1.38 in FY 2020). Revenue: CN¥11.8b (up 57% from FY 2020). Net income: CN¥1.16b (up 10.0% from FY 2020). Profit margin: 9.9% (down from 14% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.0%, compared to a 6.6% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.35 (vs CN¥0.40 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥2.57b (up 28% from 3Q 2020). Net income: CN¥301.6m (down 2.0% from 3Q 2020). Profit margin: 12% (down from 15% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to CN¥22.51, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Water Utilities industry in China. Total returns to shareholders of 103% over the past three years.Valuation Update With 7 Day Price Move • Sep 25Investor sentiment improved over the past weekAfter last week's 19% share price gain to CN¥27.20, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Water Utilities industry in China. Total returns to shareholders of 103% over the past three years.Reported Earnings • Aug 14Second quarter 2021 earnings released: EPS CN¥0.47 (vs CN¥0.42 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥2.49b (up 44% from 2Q 2020). Net income: CN¥384.8m (up 18% from 2Q 2020). Profit margin: 16% (down from 19% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Apr 28First quarter 2021 earnings released: EPS CN¥0.32 (vs CN¥0.18 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥2.07b (up 46% from 1Q 2020). Net income: CN¥242.2m (up 78% from 1Q 2020). Profit margin: 12% (up from 9.6% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Apr 01Full year 2020 earnings released: EPS CN¥1.38 (vs CN¥1.19 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥7.48b (up 22% from FY 2019). Net income: CN¥1.06b (up 16% from FY 2019). Profit margin: 14% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.Is New 90 Day High Low • Mar 02New 90-day high: CN¥26.50The company is up 9.0% from its price of CN¥24.25 on 02 December 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Water Utilities industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥179 per share.Is New 90 Day High Low • Jan 26New 90-day low: CN¥21.88The company is down 14% from its price of CN¥25.31 on 29 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥179 per share.Is New 90 Day High Low • Dec 22New 90-day low: CN¥22.46The company is down 20% from its price of CN¥28.25 on 24 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥179 per share.Is New 90 Day High Low • Dec 01New 90-day low: CN¥24.15The company is down 20% from its price of CN¥30.06 on 02 September 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥148 per share.Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥945.0m, up 9.1% from the prior year. Total revenue was CN¥7.04b over the last 12 months, up 27% from the prior year.Is New 90 Day High Low • Oct 23New 90-day low: CN¥25.05The company is down 1.0% from its price of CN¥25.18 on 24 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Water Utilities industry, which is also down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥118 per share.業績と収益の成長予測XSSC:600323 - アナリストの将来予測と過去の財務データ ( )CNY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202817,2622,569N/A5,660112/31/202716,4492,554N/A5,454512/31/202616,4172,318N/A4,72023/31/202614,9932,1322,1563,908N/A12/31/202513,9371,9732,4734,018N/A9/30/202512,8921,8842,8894,592N/A6/30/202511,8251,7442,1033,553N/A3/31/202511,7711,7031,9473,527N/A12/31/202411,8861,6641,6073,273N/A9/30/202412,3101,6493202,194N/A6/30/202412,4381,6271,0833,154N/A3/31/202412,4551,5001,0353,015N/A12/31/202312,5411,4304342,482N/A9/30/202312,2281,441121,951N/A6/30/202312,6671,285-1,363676N/A3/31/202312,9501,293-1,689343N/A12/31/202212,8751,142-1,972422N/A9/30/202214,2621,101-2,104-670N/A6/30/202213,3611,083-2,006-180N/A3/31/202212,4381,080-1,661290N/A12/31/202111,7771,163-1,125878N/A9/30/20219,4581,217-1,0022,387N/A6/30/20218,8961,224-1,0622,478N/A3/31/20218,1351,164-1,2082,385N/A12/31/20207,4811,057-1,6091,956N/A9/30/20207,036945-1,7751,817N/A6/30/20206,625913-2,2791,463N/A3/31/20206,317858-2,4681,350N/A12/31/20196,160913N/A1,324N/A9/30/20195,535866N/A1,436N/A6/30/20195,231834N/A1,631N/A3/31/20194,968756N/A1,625N/A12/31/20184,849873N/A1,652N/A9/30/20184,727850N/A1,558N/A6/30/20184,529838N/A1,509N/A3/31/20184,391829N/A1,477N/A12/31/20174,202652N/A1,509N/A9/30/20174,042622N/A1,269N/A6/30/20173,928561N/A1,149N/A3/31/20173,811534N/A1,121N/A12/31/20163,690509N/A1,179N/A9/30/20163,539516N/A1,137N/A6/30/20163,417476N/A1,141N/A3/31/20163,402428N/A1,204N/A12/31/20153,357403N/A1,263N/A9/30/20153,236379N/A1,271N/A6/30/20152,969334N/A1,106N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 600323の予測収益成長率 (年間8.3% ) は 貯蓄率 ( 2.4% ) を上回っています。収益対市場: 600323の収益 ( 8.3% ) CN市場 ( 27.2% ) よりも低い成長が予測されています。高成長収益: 600323の収益は増加すると予測されていますが、大幅には増加しません。収益対市場: 600323の収益 ( 4.9% ) CN市場 ( 16.2% ) よりも低い成長が予測されています。高い収益成長: 600323の収益 ( 4.9% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 600323の 自己資本利益率 は、3年後には低くなると予測されています ( 13.4 %)。成長企業の発掘7D1Y7D1Y7D1YUtilities 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/24 11:45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Grandblue Environment Co., Ltd. 5 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。11 アナリスト機関Ka SoCCB International Securities LimitedJiani LiuChina International Capital Corporation LimitedYou You LiuChina Stock Investment Research Co. Ltd. (GZ500..com)8 その他のアナリストを表示
Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Liang Jinqi was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Mar 30Grandblue Environment Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026Grandblue Environment Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026
お知らせ • Dec 26Grandblue Environment Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026Grandblue Environment Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026
お知らせ • Sep 30Grandblue Environment Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025Grandblue Environment Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025
お知らせ • Jun 30Grandblue Environment Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025Grandblue Environment Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025
お知らせ • Apr 15Grandblue Environment Co., Ltd., Annual General Meeting, May 07, 2025Grandblue Environment Co., Ltd., Annual General Meeting, May 07, 2025, at 14:30 China Standard Time. Location: 10F, No. 23, Ronghe Road, Guicheng Subdistrict, Nanhai District, Foshan, Guangdong China
お知らせ • Mar 28Grandblue Environment Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Grandblue Environment Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025
お知らせ • Dec 27Grandblue Environment Co., Ltd. to Report Fiscal Year 2024 Results on Apr 11, 2025Grandblue Environment Co., Ltd. announced that they will report fiscal year 2024 results on Apr 11, 2025
New Risk • Oct 28New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 124% Dividend yield: 2.1% 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 (14% operating cash flow to total debt). Minor Risk Dividend is not well covered by cash flows (124% cash payout ratio).
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¥21.85, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Water Utilities industry in China. Total loss to shareholders of 14% over the past three years.
お知らせ • Sep 30Grandblue Environment Co., Ltd. to Report Q3, 2024 Results on Oct 28, 2024Grandblue Environment Co., Ltd. announced that they will report Q3, 2024 results on Oct 28, 2024
Reported Earnings • Aug 26Second quarter 2024 earnings released: EPS: CN¥0.62 (vs CN¥0.47 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.62 (up from CN¥0.47 in 2Q 2023). Revenue: CN¥3.11b (flat on 2Q 2023). Net income: CN¥506.2m (up 33% from 2Q 2023). Profit margin: 16% (up from 12% in 2Q 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Water Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Declared Dividend • Jul 20Dividend increased to CN¥0.48Dividend of CN¥0.48 is 118% higher than last year. Ex-date: 24th July 2024 Payment date: 24th July 2024 Dividend yield will be 2.1%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 28Grandblue Environment Co., Ltd. to Report First Half, 2024 Results on Aug 26, 2024Grandblue Environment Co., Ltd. announced that they will report first half, 2024 results on Aug 26, 2024
お知らせ • Jun 08Grandblue Environment Co., Ltd., Annual General Meeting, Jun 28, 2024Grandblue Environment Co., Ltd., Annual General Meeting, Jun 28, 2024, at 14:30 China Standard Time. Location: 10F, No. 23, Ronghe Road, Guicheng Subdistrict, Nanhai District, Foshan, Guangdong China
Reported Earnings • May 01First quarter 2024 earnings released: EPS: CN¥0.47 (vs CN¥0.38 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.47 (up from CN¥0.38 in 1Q 2023). Revenue: CN¥2.72b (down 3.1% from 1Q 2023). Net income: CN¥381.0m (up 23% from 1Q 2023). Profit margin: 14% (up from 11% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Water Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 03Full year 2023 earnings released: EPS: CN¥1.75 (vs CN¥1.41 in FY 2022)Full year 2023 results: EPS: CN¥1.75 (up from CN¥1.41 in FY 2022). Revenue: CN¥12.5b (down 2.6% from FY 2022). Net income: CN¥1.43b (up 25% from FY 2022). Profit margin: 11% (up from 8.9% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Water Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
お知らせ • Mar 29Grandblue Environment Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Grandblue Environment Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024
お知らせ • Dec 29Grandblue Environment Co., Ltd. to Report Fiscal Year 2023 Results on Apr 12, 2024Grandblue Environment Co., Ltd. announced that they will report fiscal year 2023 results on Apr 12, 2024
Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.58 (vs CN¥0.39 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.58 (up from CN¥0.39 in 3Q 2022). Revenue: CN¥3.03b (down 13% from 3Q 2022). Net income: CN¥476.0m (up 50% from 3Q 2022). Profit margin: 16% (up from 9.2% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
お知らせ • Sep 30Grandblue Environment Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023Grandblue Environment Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023
Reported Earnings • Aug 19Second quarter 2023 earnings released: EPS: CN¥0.47 (vs CN¥0.46 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.47. Revenue: CN¥3.13b (down 8.3% from 2Q 2022). Net income: CN¥379.7m (down 2.8% from 2Q 2022). Profit margin: 12% (in line with 2Q 2022). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Water Utilities industry in Asia.
お知らせ • Jun 28Grandblue Environment Co., Ltd. to Report First Half, 2023 Results on Aug 18, 2023Grandblue Environment Co., Ltd. announced that they will report first half, 2023 results on Aug 18, 2023
Reported Earnings • Apr 08Full year 2022 earnings released: EPS: CN¥1.41 (vs CN¥1.45 in FY 2021)Full year 2022 results: EPS: CN¥1.41 (down from CN¥1.45 in FY 2021). Revenue: CN¥12.9b (up 9.3% from FY 2021). Net income: CN¥1.15b (down 1.5% from FY 2021). Profit margin: 8.9% (down from 9.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Water Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Board Change • Nov 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: 3 independent directors. 6 non-independent directors. Independent Director Jun Zhang was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.39 (vs CN¥0.35 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.39 (up from CN¥0.35 in 3Q 2021). Revenue: CN¥3.47b (up 35% from 3Q 2021). Net income: CN¥318.1m (up 5.5% from 3Q 2021). Profit margin: 9.2% (down from 12% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Water Utilities industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 20Second quarter 2022 earnings released: EPS: CN¥0.46 (vs CN¥0.47 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.46. Revenue: CN¥3.41b (up 37% from 2Q 2021). Net income: CN¥390.5m (up 1.5% from 2Q 2021). Profit margin: 12% (down from 16% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 4.3% compared to a 13% growth forecast for the Water Utilities industry in China.
Reported Earnings • Aug 20Second quarter 2022 earnings released: EPS: CN¥0.46 (vs CN¥0.47 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.46. Revenue: CN¥3.41b (up 37% from 2Q 2021). Net income: CN¥390.5m (up 1.5% from 2Q 2021). Profit margin: 12% (down from 16% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 4.3% compared to a 13% growth forecast for the Water Utilities industry in China.
Reported Earnings • Apr 30First quarter 2022 earnings released: EPS: CN¥0.20 (vs CN¥0.32 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.20 (down from CN¥0.32 in 1Q 2021). Revenue: CN¥2.73b (up 32% from 1Q 2021). Net income: CN¥159.1m (down 34% from 1Q 2021). Profit margin: 5.8% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 15% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. 4 independent directors (8 non-independent directors). Chairman of the Board Guocan Chen was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Apr 02Full year 2021 earnings released: EPS: CN¥1.45 (vs CN¥1.38 in FY 2020)Full year 2021 results: EPS: CN¥1.45 (up from CN¥1.38 in FY 2020). Revenue: CN¥11.8b (up 57% from FY 2020). Net income: CN¥1.16b (up 10.0% from FY 2020). Profit margin: 9.9% (down from 14% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.0%, compared to a 6.6% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.35 (vs CN¥0.40 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥2.57b (up 28% from 3Q 2020). Net income: CN¥301.6m (down 2.0% from 3Q 2020). Profit margin: 12% (down from 15% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to CN¥22.51, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Water Utilities industry in China. Total returns to shareholders of 103% over the past three years.
Valuation Update With 7 Day Price Move • Sep 25Investor sentiment improved over the past weekAfter last week's 19% share price gain to CN¥27.20, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Water Utilities industry in China. Total returns to shareholders of 103% over the past three years.
Reported Earnings • Aug 14Second quarter 2021 earnings released: EPS CN¥0.47 (vs CN¥0.42 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥2.49b (up 44% from 2Q 2020). Net income: CN¥384.8m (up 18% from 2Q 2020). Profit margin: 16% (down from 19% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Apr 28First quarter 2021 earnings released: EPS CN¥0.32 (vs CN¥0.18 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥2.07b (up 46% from 1Q 2020). Net income: CN¥242.2m (up 78% from 1Q 2020). Profit margin: 12% (up from 9.6% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Apr 01Full year 2020 earnings released: EPS CN¥1.38 (vs CN¥1.19 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥7.48b (up 22% from FY 2019). Net income: CN¥1.06b (up 16% from FY 2019). Profit margin: 14% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth.
Is New 90 Day High Low • Mar 02New 90-day high: CN¥26.50The company is up 9.0% from its price of CN¥24.25 on 02 December 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Water Utilities industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥179 per share.
Is New 90 Day High Low • Jan 26New 90-day low: CN¥21.88The company is down 14% from its price of CN¥25.31 on 29 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥179 per share.
Is New 90 Day High Low • Dec 22New 90-day low: CN¥22.46The company is down 20% from its price of CN¥28.25 on 24 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥179 per share.
Is New 90 Day High Low • Dec 01New 90-day low: CN¥24.15The company is down 20% from its price of CN¥30.06 on 02 September 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥148 per share.
Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥945.0m, up 9.1% from the prior year. Total revenue was CN¥7.04b over the last 12 months, up 27% from the prior year.
Is New 90 Day High Low • Oct 23New 90-day low: CN¥25.05The company is down 1.0% from its price of CN¥25.18 on 24 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Water Utilities industry, which is also down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥118 per share.