Sichuan Expressway（EXF1）株式概要四川高速道路有限公司はその子会社とともに、中華人民共和国四川省における高速道路プロジェクトの投資、建設、運営、管理に従事している。 詳細EXF1 ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長0/6過去の実績3/6財務の健全性1/6配当金4/6報酬当社が推定した公正価値より67.5%で取引されている リスク分析負債は営業キャッシュフローで十分にカバーされていない 5.95%の配当はフリーキャッシュフローで十分にカバーされていない すべてのリスクチェックを見るEXF1 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 Value€Current Price€0.6226.5% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture011b2016201920222025202620282031Revenue CN¥10.8bEarnings CN¥1.8bAdvancedSet Fair ValueView all narrativesSichuan Expressway Company Limited 競合他社FraportSymbol: XTRA:FRAMarket cap: €6.7bEUROKAI GmbH KGaASymbol: DB:EUK3Market cap: €828.4mSixtSymbol: XTRA:SIX2Market cap: €3.4bLogwinSymbol: XTRA:TGHNMarket cap: €771.6m価格と性能株価の高値、安値、推移の概要Sichuan Expressway過去の株価現在の株価HK$0.6252週高値HK$0.6752週安値HK$0.47ベータ0.521ヶ月の変化-1.59%3ヶ月変化4.20%1年変化12.73%3年間の変化154.10%5年間の変化198.08%IPOからの変化785.71%最新ニュースNew Risk • May 20New major risk - Revenue and earnings growthEarnings have declined by 0.05% 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 Risks Debt is not well covered by operating cash flow (8.4% operating cash flow to total debt). Earnings have declined by 0.05% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (103% cash payout ratio).お知らせ • Mar 31Sichuan Expressway Company Limited, Annual General Meeting, May 22, 2026Sichuan Expressway Company Limited, Annual General Meeting, May 22, 2026.お知らせ • Mar 30Sichuan Expressway Company Limited to Report Q1, 2026 Results on Apr 30, 2026Sichuan Expressway Company Limited announced that they will report Q1, 2026 results on Apr 30, 2026お知らせ • Dec 26Sichuan Expressway Company Limited to Report Fiscal Year 2025 Results on Mar 31, 2026Sichuan Expressway Company Limited announced that they will report fiscal year 2025 results on Mar 31, 2026お知らせ • Sep 30Sichuan Expressway Company Limited to Report Q3, 2025 Results on Oct 31, 2025Sichuan Expressway Company Limited announced that they will report Q3, 2025 results on Oct 31, 2025お知らせ • Jun 30Sichuan Expressway Company Limited to Report First Half, 2025 Results on Aug 29, 2025Sichuan Expressway Company Limited announced that they will report first half, 2025 results on Aug 29, 2025最新情報をもっと見るRecent updatesNew Risk • May 20New major risk - Revenue and earnings growthEarnings have declined by 0.05% 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 Risks Debt is not well covered by operating cash flow (8.4% operating cash flow to total debt). Earnings have declined by 0.05% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (103% cash payout ratio).お知らせ • Mar 31Sichuan Expressway Company Limited, Annual General Meeting, May 22, 2026Sichuan Expressway Company Limited, Annual General Meeting, May 22, 2026.お知らせ • Mar 30Sichuan Expressway Company Limited to Report Q1, 2026 Results on Apr 30, 2026Sichuan Expressway Company Limited announced that they will report Q1, 2026 results on Apr 30, 2026お知らせ • Dec 26Sichuan Expressway Company Limited to Report Fiscal Year 2025 Results on Mar 31, 2026Sichuan Expressway Company Limited announced that they will report fiscal year 2025 results on Mar 31, 2026お知らせ • Sep 30Sichuan Expressway Company Limited to Report Q3, 2025 Results on Oct 31, 2025Sichuan Expressway Company Limited announced that they will report Q3, 2025 results on Oct 31, 2025お知らせ • Jun 30Sichuan Expressway Company Limited to Report First Half, 2025 Results on Aug 29, 2025Sichuan Expressway Company Limited announced that they will report first half, 2025 results on Aug 29, 2025お知らせ • May 22Sichuan Expressway Company Limited Approves Distribution for the Year Ended 31 December 2024 Final Dividend for H Shares, Payable on or Around 11 July 2025Sichuan Expressway Company Limited at its AGM held on May 22, 2025, approved the proposed final dividend (the "Final Dividend") of the Company for the 12 months ended 31 December 2024 of RMB 0.29 per share (tax inclusive). Distribution of the Final Dividend to holders of H Shares shall be denominated in RMB and paid in Hong Kong dollars. The applicable exchange rate is the average of the median exchange rates for RMB to Hong Kong dollars as announced by the People's Bank of China in the 5 working days prior to and including 22 May 2025, i.e., HKD 1.00: RMB 0.91964. Accordingly, the Final Dividend payable to each H Share is HKD 0.315341 (before tax). The H Shares register of members of the Company will be closed for the purpose of determining H Shares Shareholders' entitlement to the Final Dividend from 6 June 2025 to 12 June 2025 (both days inclusive), during which period no transfer of H Shares will be registered. The cheques for the Company's Final Dividend of H Shares will be issued by the Receiving Agent, and will be sent by ordinary mail on or around 11 July 2025 ("Dividend Payment Date") to holders of H Shares at their own risks.お知らせ • Mar 31+ 1 more updateSichuan Expressway Company Limited, Annual General Meeting, May 22, 2025Sichuan Expressway Company Limited, Annual General Meeting, May 22, 2025.お知らせ • Mar 28Sichuan Expressway Company Limited to Report Q1, 2025 Results on Apr 30, 2025Sichuan Expressway Company Limited announced that they will report Q1, 2025 results on Apr 30, 2025お知らせ • Dec 27Sichuan Expressway Company Limited to Report Fiscal Year 2024 Results on Mar 29, 2025Sichuan Expressway Company Limited announced that they will report fiscal year 2024 results on Mar 29, 2025お知らせ • Nov 21Sichuan Expressway Company Limited Announces Board ChangesSichuan Development Holding Co. Ltd. at its extraordinary general meeting held on November 20, 2024 elected and appointed Mr. Yang Shaojun as a non-executive Director of the eighth session of the Board for a term commencing from the date of the consideration and approval at the EGM until the date of expiry of the term of office of the eighth session of the Board, the Board has passed, among others, a resolution on the appointment of Mr. Yang as the vice chairman of the Board, with a term of office from 20 November 2024 until the expiration of the term of office of the eighth session of the Board. Also elect and appoint M s. M a o Yurong as an executive Director of the eighth session of the Board for a term commencing from the date of the consideration and approval at the EGM until the date of expiry of the term of office of the eighth session of the Board.Reported Earnings • Nov 01Third quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.11 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.14 (up from CN¥0.11 in 3Q 2023). Revenue: CN¥1.99b (down 14% from 3Q 2023). Net income: CN¥424.5m (up 25% from 3Q 2023). Profit margin: 21% (up from 15% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.お知らせ • Oct 23Sichuan Expressway Company Limited Announces Resignation of Wu Xinhua as A Non-Executive Director and Vice ChairmanSichuan Expressway Company Limited announced that Mr. Wu Xinhua ("Mr. Wu") has tendered his resignation from his positions as a non-executive Director and Vice Chairman of the Company with effect from 23 October 2024 due to the change of his work arrangements.お知らせ • Sep 30Sichuan Expressway Company Limited to Report Q3, 2024 Results on Oct 31, 2024Sichuan Expressway Company Limited announced that they will report Q3, 2024 results on Oct 31, 2024Board Change • Sep 26Less than half of directors are independentThere are 5 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: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Jiang Tao was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.お知らせ • Sep 03Sichuan Expressway Company Limited Announces Board and Committee ChangesThe Board of Sichuan Expressway Company Limited announced that Mr. Zhang Qinghua ("Mr. Zhang") had tendered his resignation from his positions as an independent non-executive Director, the committee chairman of the renumeration and appraisal committee under the Board, a member of the audit committee under the Board and a member of the strategic committee under the Board due to personal work changes, with effect from 3 September 2024. At the EGM, Mr. Jiang Tao ("Mr. Jiang") has been elected as an independent non-executive Director of the eighth session of the Board of the Company, with a term of office from the date of the EGM (i.e. 3 September 2024) until the expiration of the term of office of the eighth session of the Board of the Company. The Board announced that at the twenty-second meeting of the eighth session of the Board of the Company held immediately after the EGM, the Board has passed, among others, a resolution on the appointment of Mr. Jiang as the committee chairman of the renumeration and appraisal committee under the Board, a member of the audit committee under the Board and a member of the strategic committee under the Board, with a term of office from 3 September 2024 until the expiration of the term of office of the eighth session of the Board. The details of the composition of the remuneration and appraisal committee, audit committee and strategic committee under the Board after adjustment are as follows: Renumeration and Appraisal Committee - Mr. Jiang Tao (chairman), Mr. Chen Chaoxiong and Madam Bu Danlu; Audit Committee - Madam Bu Danlu (chairlady), Mr. Zhou Hua and Mr. Jiang Tao; Strategic Committee - Mr. Luo Zuyi (chairman), Mr. Yu Haizong and Mr. Jiang Tao. No change has been made to the composition of the nomination committee under the Board.Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.11 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.11 in 2Q 2023). Revenue: CN¥3.36b (down 9.0% from 2Q 2023). Net income: CN¥306.7m (down 11% from 2Q 2023). Profit margin: 9.1% (down from 9.3% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.お知らせ • Jun 28Sichuan Expressway Company Limited to Report First Half, 2024 Results on Aug 30, 2024Sichuan Expressway Company Limited announced that they will report first half, 2024 results on Aug 30, 2024Upcoming Dividend • May 28Upcoming dividend of HK$0.26 per shareEligible shareholders must have bought the stock before 04 June 2024. Payment date: 11 July 2024. Payout ratio is a comfortable 65% but the company is not cash flow positive. Trailing yield: 7.5%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.8%).お知らせ • May 24Sichuan Expressway Company Limited Approves Final Dividend for the Year Ended 31 December 2023, Payable on 11 July 2024Sichuan Expressway Company Limited approved final dividend of RMB 0.24 per share for the year ended 31 December 2023 at its annual general meeting held on 23 May 2024. Ex-dividend date is 04 June 2024. Record date is 12 June 2024. Payment date is 11 July 2024.Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.14 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.13 (down from CN¥0.14 in 1Q 2023). Revenue: CN¥2.01b (up 1.1% from 1Q 2023). Net income: CN¥391.4m (down 10% from 1Q 2023). Profit margin: 19% (down from 22% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • Apr 11Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 30% to €0.36. The fair value is estimated to be €0.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has declined by 4.4%.お知らせ • Apr 10Sichuan Expressway Company Limited Appoints Luo Zuyi as Executive Director, Authorised Representative, Chairman of Board, Committee Chairman of Strategic Committee and Member of Nomination CommitteeSichuan Expressway Company Limited at its extraordinary general meeting held on April 9, 2024, announced Mr. Luo Zuyi has been elected as an executive Director of the eighth session of the Board of the Company, with a term of office from the date of the EGM (that is 9 April 2024) until the expiration of the term of office of the eighth session of the Board of the Company. Pursuant to the listing rules on the SSE and/or the Articles of Association, Mr. Luo shall be eligible for re-election upon the expiration of his term of office. The Board announced that at the fifteenth meeting of the eighth session of the Board of the Company held immediately after the EGM, the Board agreed to appoint Mr. Luo Zuyi as an authorised representative of the Company under Rule 3.05 of the Listing Rules on the Stock Exchange (the Authorised Representative), with effect from 9 April 2024. The Board further announced that the Board has also passed the following resolutions, among other things: the appointment of Mr. Luo Zuyi as the chairman of the Board of the Company; the appointment of Mr. Luo Zuyi as the committee chairman of the strategic committee under the Board; and the appointment of Mr. Luo Zuyi as a member of the nomination committee under the Board, with a term of office from 9 April 2024 until the expiration of the term of office of the eighth session of the Board. Strategic Committee: Mr. Luo Zuyi (Committee Chairman), Mr. Yu Haizong and Mr. Zhang Qinghua. Nomination Committee: Mr. Yu Haizong (Committee Chairman), Mr. Luo Zuyi and Mr. Zhou Hua. No change has been made to the composition of the audit committee and the remuneration and appraisal committee under the Board.Declared Dividend • Mar 29Dividend of CN¥0.24 announcedShareholders will receive a dividend of CN¥0.24. Ex-date: 4th June 2024 Payment date: 11th July 2024 Dividend yield will be 72%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Mar 29Sichuan Expressway Company Limited to Report Q1, 2024 Results on Apr 30, 2024Sichuan Expressway Company Limited announced that they will report Q1, 2024 results on Apr 30, 2024お知らせ • Mar 28Sichuan Expressway Company Limited, Annual General Meeting, May 23, 2024Sichuan Expressway Company Limited, Annual General Meeting, May 23, 2024.Reported Earnings • Mar 28Full year 2023 earnings released: EPS: CN¥0.39 (vs CN¥0.24 in FY 2022)Full year 2023 results: EPS: CN¥0.39 (up from CN¥0.24 in FY 2022). Revenue: CN¥11.7b (up 20% from FY 2022). Net income: CN¥1.19b (up 64% from FY 2022). Profit margin: 10% (up from 7.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.お知らせ • Mar 27Sichuan Expressway Company Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 11 July 2024Sichuan Expressway Company Limited proposed final dividend of RMB 0.24 per share for the year ended 31 December 2023 at its annual general meeting to be held on 23 May 2024. Ex-dividend date is 04 June 2024. Record date is 12 June 2024. Payment date is 11 July 2024.お知らせ • Mar 09Sichuan Expressway Company Limited Announces Resignation of Li Wenhu as General ManagerThe board of directors of Sichuan Expressway Company Limited announced that Mr. Li Wenhu ("Mr. Li") has tendered his resignation from his position as general manager of the Company with effect from 8 March 2024 due to the change of his work arrangements. Upon his resignation, Mr. Li would no longer hold any positions in the Group.お知らせ • Mar 08Sichuan Expressway Company Limited Announces Resignation of Li Wenhu as Executive Director and Vice ChairmanThe board of directors of Sichuan Expressway Company Limited announced that Mr. Li Wenhu (Mr. Li) has tendered his resignation from his positions as an executive Director, Vice Chairman (acting as Chairman), and the authorised representative of the Company with effect from 8 March 2024 due to the change of his work arrangements. Upon his resignation, Mr. Li would no longer hold any positions in the Group.お知らせ • Feb 01+ 1 more updateSichuan Expressway Company Limited Announces Executive ChangesSichuan Expressway Company Limited announces that Mr. Yan Qixiang ("Mr. Yan") had tendered his resignation from his positions as an independent non-executive Director of the Company, a member of the audit committee under the Board and a member of the nomination committee under the Board due to personal work changes, with effect from 1 February 2024. At the EGM, Mr. Zhou Hua ("Mr. Zhou") has been elected as an independent non-executive Director of the eighth session of the Board of the Company, with a term of office from the date of the EGM (i.e. 1 February 2024) until the expiration of the term of office of the eighth session of the Board of the Company. Pursuantto the Rules Governing the Listing of Stocks on Shanghai Stock Exchange and/or the Articles of Association, Mr. Zhou shall be eligible for re-election upon the expiration of his term of office, but the term of office shall not exceed six years consecutively. The biographical details of Mr. Zhou Hua and other information related to his election are set out in the Circular. As at the date of this announcement, there is no change in the biographical details of Mr. Zhou Hua and other information relating to his appointment. The announced that at the twelfth meeting of the eighth session of the Board of the Company held immediately after the EGM, the Board has passed, among others, a resolution on the appointment of Mr. Zhou Hua as a member of the audit committee and a member of the nomination committee under the Board of the Company, with a term of office from 1 February 2024 until the expiration of the term of office of the eighth session of the Board. The details of the composition of the audit committee and nomination committee under the Board after adjustment are as follows: Audit Committee: Madam Bu Danlu (chairlady), Mr. Zhang Qinghua and Mr. Zhou Hua. Nomination Committee: Mr. Yu Haizong (chairman) and Mr. Zhou Hua. No change has been made to the composition of the strategy committee and the remuneration and appraisal committee under the Board of the Company.お知らせ • Dec 30Sichuan Expressway Company Limited to Report Fiscal Year 2023 Results on Mar 28, 2024Sichuan Expressway Company Limited announced that they will report fiscal year 2023 results on Mar 28, 2024Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.052 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.11 (up from CN¥0.052 in 3Q 2022). Revenue: CN¥2.31b (up 23% from 3Q 2022). Net income: CN¥339.4m (up 114% from 3Q 2022). Profit margin: 15% (up from 8.4% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Oct 21Sichuan Expressway Company Limited Announces Resignation of Gan Yongyi as the Chairman, an Executive Director, the Committee Chairman of the Strategic Committee Under the Board, and A Member of the Nomination Committee Under the BoardSichuan Expressway Company Limited announced that due to reaching the retirement age, Mr. Gan Yongyi ("Mr. Gan") has resigned from the positions as the Chairman, an executive Director, the Committee Chairman of the Strategic Committee under the Board, and a member of the Nomination Committee under the Board of the Company and the authorised representative (the "Authorised Representative") of the Company pursuant to Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") with effect from 20 October 2023. Upon his resignation, Mr. Gan would no longer hold any position in the Group. Following the resignation of Mr. Gan as a member of the Nomination Committee under the Board of the Company, this will constitute a non-compliance of the requirement of Article 4 of the terms of reference of the Nomination Committee of the Company that the Nomination Committee shall consist of three to seven Directors.お知らせ • Sep 30Sichuan Expressway Company Limited to Report Q3, 2023 Results on Oct 27, 2023Sichuan Expressway Company Limited announced that they will report Q3, 2023 results on Oct 27, 2023Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.076 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.11 (up from CN¥0.076 in 2Q 2022). Revenue: CN¥3.69b (up 73% from 2Q 2022). Net income: CN¥343.3m (up 48% from 2Q 2022). Profit margin: 9.3% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 16% per year.お知らせ • Aug 29Sichuan Expressway Company Limited Announces Resignation of Madam Xue Min as Executive DirectorThe board of directors of Sichuan Expressway Company Limited announced that Madam Xue Min ("Madam Xue") has tendered her resignation from her position as an executive Director of the Company due to change in her work arrangements with effect from 28 August 2023. Madam Xue has confirmed that she has no disagreement with the Board and there is no other matter in relation to her resignation that needs to be brought to the attention of the shareholders of the Company.New Risk • Jul 20New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.4% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (9.4% net profit margin).お知らせ • Jul 15Sichuan Expressway Company Limited Provides Earnings Guidance for the First Half of 2023Sichuan Expressway Company Limited provided earnings guidance for the first half of 2023. For the period, the company expects the net profit attributable to Shareholders will be approximately RMB 806,889,700, representing an increase of approximately RMB 383,076,700, or approximately 90.39%, as compared to the data for the same period in 2022.お知らせ • Jun 28Sichuan Expressway Company Limited to Report First Half, 2023 Results on Aug 30, 2023Sichuan Expressway Company Limited announced that they will report first half, 2023 results on Aug 30, 2023お知らせ • Jun 13Sichuan Expressway Company Limited Announces Resignation of Yan Qixiang as Independent Non-Executive Director, Member of the Audit Committee and Member of the Nomination CommitteeThe board of directors of Sichuan Expressway Company Limited announced that Mr. Yan Qixiang has tendered his resignation from his positions as an independent non-executive Director of the Company, a member of the audit committee under the Board and a member of the nomination committee under the Board due to personal work changes. The resignation of Mr. Yan shall be effective upon the newly appointed independent non-executive Director having been elected by the Company. Until then, Mr. Yan will continue to perform his duties as an independent non-executive Director of the Company and a member of the relevant specialized committees under the Board in accordance with relevant laws, regulations and the articles of association of the Company.Upcoming Dividend • May 30Upcoming dividend of HK$0.11 per share at 5.0% yieldEligible shareholders must have bought the stock before 06 June 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.1%).お知らせ • May 27Sichuan Expressway Company Limited Declares Final Ordinary Dividend for the Year Ended 31 December 2022, Payable on July 14, 2023Sichuan Expressway Company Limited declared final ordinary dividend of RMB 0.1 per share for the year ended 31 December 2022. Ex-dividend date 06 June 2023, Record date 14 June 2023 and Payment date 14 July 2023. Exchange rate RMB 1: HKD 1.111951.お知らせ • May 06Sichuan Expressway Company Limited (SEHK:107) completed the acquisition of Sichuan Chengdu Second Expressway Development Co., Ltd. from Sichuan Shu Dao Expressway Group Co., Ltd. and Sichuan Road and Bridge (Group) Co., Ltd.Sichuan Expressway Company Limited (SEHK:107) agreed to acquire Sichuan Chengdu Second Expressway Development Co., Ltd. from Sichuan Shu Dao Expressway Group Co., Ltd. and Sichuan Road and Bridge (Group) Co., Ltd. for CNY 5.9 billion on February 17, 2023. Sichuan Shu Dao will sell 81% stake and Sichuan Road will sell 19% stake in Sichuan Chengdu Second. Transaction has been approved by Sichuan Expressway Company's board and is subject to approval of shareholders. As on March 9, 2023, Transaction is approved by Sichuan Road & Bridge's shareholders. For the period September 30, 2022, Sichuan Chengdu had CNY 16,350 million of total assets, CNY 2,940 million of net assets, CNY 515.291 million of revenues, CNY -91.956 million of net income after tax, 12258.459 million of total debt. Ernst & Young (Hong Kong) Limited acted as an accountant, Octal Capital Limited acted as financial advisor, Lego Corporate Finance Limited acted as financial advisor, Beijing North Asia Asset Assessment Firm (Special General Partnership) acted as an independent qualified valuer in the PRC. and Chelbi Engineering Consultants, Inc as an independent professional traffic consultant in the PRC. to Sichuan Expressway Company Limited.Sichuan Expressway Company Limited (SEHK:107) completed the acquisition of Sichuan Chengdu Second Expressway Development Co., Ltd. from Sichuan Shu Dao Expressway Group Co., Ltd. and Sichuan Road and Bridge (Group) Co., Ltd. on May 4, 2023.Reported Earnings • Apr 30First quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.082 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.14 (up from CN¥0.082 in 1Q 2022). Revenue: CN¥1.99b (down 1.3% from 1Q 2022). Net income: CN¥436.5m (up 74% from 1Q 2022). Profit margin: 22% (up from 13% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Jan 31Sichuan Expressway Company Limited Provides Earning Guidance for the Year Ended 31 December 2022Sichuan Expressway Company Limited provided earning guidance for the year ended 31 December 2022. The board of directors of the Company inform the shareholders of the Company (the "Shareholders") and potential investorsthat, based on its preliminary assessment of the unaudited management accounts for the year ended 31 December 2022 (the "Year") and information currently available to the Board: it is expected that the net profit attributable to Shareholders of the Company for the Year will decrease to approximately RMB 731,042,400, representing a significant decrease from the net profit attributable to Shareholders of RMB 1,870,856,000 recorded for the year ended 31 December 2021 (the "Previous Year"). Such decrease was mainly attributable to the proceeds from the disposal of 91% equity interests in Renshou Trading Landmark Company Limited during the Previous Year, resulting in a significant increase in non-recurring profit and loss. In addition, vehicle tolls in the Year were negatively affected by the COVID-19 and COVID-19 pandemic prevention and control, road network diversion, and restricted power consumption for high temperature etc., resulting in a decrease in vehicle tolls in the same period of the Year.Board Change • Nov 16Less than half of directors are independentThere are 7 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: 4 independent directors. 8 non-independent directors. Independent Non-Executive Director Qinghua Zhang 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.Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.052 (vs CN¥0.086 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.052 (down from CN¥0.086 in 3Q 2021). Revenue: CN¥1.88b (down 23% from 3Q 2021). Net income: CN¥159.0m (down 40% from 3Q 2021). Profit margin: 8.4% (down from 11% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 26Second quarter 2022 earnings released: EPS: CN¥0.076 (vs CN¥0.12 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.076 (down from CN¥0.12 in 2Q 2021). Revenue: CN¥2.13b (down 13% from 2Q 2021). Net income: CN¥231.9m (down 35% from 2Q 2021). Profit margin: 11% (down from 15% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Upcoming Dividend • May 30Upcoming dividend of HK$0.13 per shareEligible shareholders must have bought the stock before 06 June 2022. Payment date: 14 July 2022. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 6.3%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (2.5%).Reported Earnings • Apr 30First quarter 2022 earnings released: EPS: CN¥0.082 (vs CN¥0.10 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.082 (down from CN¥0.10 in 1Q 2021). Revenue: CN¥2.02b (up 42% from 1Q 2021). Net income: CN¥251.5m (down 20% from 1Q 2021). Profit margin: 13% (down from 22% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Board Change • Apr 27Less than half of directors are independentThere are 11 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. 4 independent directors (7 non-independent directors). Independent Non-Executive Director Lina Liu is the most experienced director on the board, commencing their role in 2016. Independent Non-Executive Director Haizong Yu was the last independent director to join the board, commencing their role in 2021. 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 01Full year 2021 earnings releasedFull year 2021 results: Revenue: CN¥9.10b (up 67% from FY 2020). Net income: CN¥1.87b (up 177% from FY 2020). Profit margin: 21% (up from 12% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 20% compared to a 31% growth forecast for the industry in Germany.Reported Earnings • Oct 30Third quarter 2021 earnings released: EPS CN¥0.086 (vs CN¥0.14 in 3Q 2020)The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥2.44b (up 60% from 3Q 2020). Net income: CN¥263.3m (down 39% from 3Q 2020). Profit margin: 11% (down from 28% 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 11% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 27Second quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.034 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥2.45b (up 114% from 2Q 2020). Net income: CN¥359.1m (up 250% from 2Q 2020). Profit margin: 15% (up from 9.0% in 2Q 2020). 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 fallen by 9% per year, which means it is significantly lagging earnings.Executive Departure • Jun 03Independent Non-Executive Director Jinkang Gao has left the companyOn the 25th of May, Jinkang Gao's tenure as Independent Non-Executive Director ended after 1.5 years in the role. We don't have any record of a personal shareholding under Jinkang's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.75 years, which is considered inexperienced in the Simply Wall St Risk Model.Upcoming Dividend • May 25Upcoming dividend of CN¥0.08 per shareEligible shareholders must have bought the stock before 01 June 2021. Payment date: 06 July 2021. Trailing yield: 5.0%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.4%).Reported Earnings • May 02First quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.088 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.42b (up 126% from 1Q 2020). Net income: CN¥313.0m (up CN¥582.2m from 1Q 2020). Profit margin: 22% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 12% per year.Executive Departure • Apr 02Staff Representative Supervisor has left the companyOn the 31st of March, Yaosheng Hu's tenure as Staff Representative Supervisor ended after 4.7 years in the role. We don't have any record of a personal shareholding under Yaosheng's name. A total of 4 executives have left over the last 12 months.Reported Earnings • Apr 02Full year 2020 earnings released: EPS CN¥0.22 (vs CN¥0.35 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥5.46b (down 15% from FY 2019). Net income: CN¥674.5m (down 38% from FY 2019). Profit margin: 12% (down from 17% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Mar 10New 90-day high: €0.21The company is up 16% from its price of €0.18 on 10 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 11% over the same period.Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥229.6m, down 78% from the prior year. Total revenue was CN¥5.03b over the last 12 months, down 21% from the prior year.株主還元EXF1DE InfrastructureDE 市場7D-2.4%3.5%0.7%1Y12.7%5.0%2.0%株主還元を見る業界別リターン: EXF1過去 1 年間で5 % の収益を上げたGerman Infrastructure業界を上回りました。リターン対市場: EXF1過去 1 年間で2 % の収益を上げたGerman市場を上回りました。価格変動Is EXF1's price volatile compared to industry and market?EXF1 volatilityEXF1 Average Weekly Movement6.1%Infrastructure Industry Average Movement4.0%Market Average Movement6.1%10% most volatile stocks in DE Market13.1%10% least volatile stocks in DE Market2.7%安定した株価: EXF1 、 German市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: EXF1の 週次ボラティリティ ( 6% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19974,353Zhiming Youwww.cygs.com四川高速道路有限公司は、子会社とともに中華人民共和国四川省における高速道路プロジェクトの投資、建設、運営、管理に従事している。6つのセグメントを通じて事業を展開している：高速道路、建設サービス、輸送サービス、輸送物流、新エネルギー技術、その他。高速道路部門は高速道路と高級有料橋の運営に携わっている。建設サービス部門は、サービス・コンセッション契約および建設契約に基づく建設・改良サービスの提供に従事している。輸送サービス事業」は、広告サービスの提供、不動産および高速道路の賃貸、ガソリンスタンドおよび高速道路の運営、石油製品の販売などを行っている。運輸物流事業」は、商品物流貿易事業を行っている。新エネルギー事業」は、電気自動車向け充電サービスの提供、充電モジュールの販売を行っている。その他」は金融投資事業である。同社は1997年に設立され、中華人民共和国の成都に本社を置いている。もっと見るSichuan Expressway Company Limited 基礎のまとめSichuan Expressway の収益と売上を時価総額と比較するとどうか。EXF1 基礎統計学時価総額€2.30b収益（TTM）€187.96m売上高(TTM)€1.16b10.3xPER（株価収益率1.7xP/SレシオEXF1 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EXF1 損益計算書（TTM）収益CN¥9.18b売上原価CN¥6.20b売上総利益CN¥2.98bその他の費用CN¥1.50b収益CN¥1.48b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）0.49グロス・マージン32.46%純利益率16.16%有利子負債／自己資本比率192.3%EXF1 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6.0%現在の配当利回り65%配当性向EXF1 配当は確実ですか？EXF1 配当履歴とベンチマークを見るEXF1 、いつまでに購入すれば配当金を受け取れますか？Sichuan Expressway 配当日配当落ち日Jun 04 2026配当支払日Jul 13 2026配当落ちまでの日数4 days配当支払日までの日数43 daysEXF1 配当は確実ですか？EXF1 配当履歴とベンチマークを見る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2026/05/29 00:47終値2026/05/29 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Sichuan Expressway Company Limited 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。13 アナリスト機関Patrick XuBarclaysWenjie ZhangChina International Capital Corporation LimitedYuanfan GuChina International Capital Corporation Limited10 その他のアナリストを表示
New Risk • May 20New major risk - Revenue and earnings growthEarnings have declined by 0.05% 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 Risks Debt is not well covered by operating cash flow (8.4% operating cash flow to total debt). Earnings have declined by 0.05% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (103% cash payout ratio).
お知らせ • Mar 31Sichuan Expressway Company Limited, Annual General Meeting, May 22, 2026Sichuan Expressway Company Limited, Annual General Meeting, May 22, 2026.
お知らせ • Mar 30Sichuan Expressway Company Limited to Report Q1, 2026 Results on Apr 30, 2026Sichuan Expressway Company Limited announced that they will report Q1, 2026 results on Apr 30, 2026
お知らせ • Dec 26Sichuan Expressway Company Limited to Report Fiscal Year 2025 Results on Mar 31, 2026Sichuan Expressway Company Limited announced that they will report fiscal year 2025 results on Mar 31, 2026
お知らせ • Sep 30Sichuan Expressway Company Limited to Report Q3, 2025 Results on Oct 31, 2025Sichuan Expressway Company Limited announced that they will report Q3, 2025 results on Oct 31, 2025
お知らせ • Jun 30Sichuan Expressway Company Limited to Report First Half, 2025 Results on Aug 29, 2025Sichuan Expressway Company Limited announced that they will report first half, 2025 results on Aug 29, 2025
New Risk • May 20New major risk - Revenue and earnings growthEarnings have declined by 0.05% 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 Risks Debt is not well covered by operating cash flow (8.4% operating cash flow to total debt). Earnings have declined by 0.05% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (103% cash payout ratio).
お知らせ • Mar 31Sichuan Expressway Company Limited, Annual General Meeting, May 22, 2026Sichuan Expressway Company Limited, Annual General Meeting, May 22, 2026.
お知らせ • Mar 30Sichuan Expressway Company Limited to Report Q1, 2026 Results on Apr 30, 2026Sichuan Expressway Company Limited announced that they will report Q1, 2026 results on Apr 30, 2026
お知らせ • Dec 26Sichuan Expressway Company Limited to Report Fiscal Year 2025 Results on Mar 31, 2026Sichuan Expressway Company Limited announced that they will report fiscal year 2025 results on Mar 31, 2026
お知らせ • Sep 30Sichuan Expressway Company Limited to Report Q3, 2025 Results on Oct 31, 2025Sichuan Expressway Company Limited announced that they will report Q3, 2025 results on Oct 31, 2025
お知らせ • Jun 30Sichuan Expressway Company Limited to Report First Half, 2025 Results on Aug 29, 2025Sichuan Expressway Company Limited announced that they will report first half, 2025 results on Aug 29, 2025
お知らせ • May 22Sichuan Expressway Company Limited Approves Distribution for the Year Ended 31 December 2024 Final Dividend for H Shares, Payable on or Around 11 July 2025Sichuan Expressway Company Limited at its AGM held on May 22, 2025, approved the proposed final dividend (the "Final Dividend") of the Company for the 12 months ended 31 December 2024 of RMB 0.29 per share (tax inclusive). Distribution of the Final Dividend to holders of H Shares shall be denominated in RMB and paid in Hong Kong dollars. The applicable exchange rate is the average of the median exchange rates for RMB to Hong Kong dollars as announced by the People's Bank of China in the 5 working days prior to and including 22 May 2025, i.e., HKD 1.00: RMB 0.91964. Accordingly, the Final Dividend payable to each H Share is HKD 0.315341 (before tax). The H Shares register of members of the Company will be closed for the purpose of determining H Shares Shareholders' entitlement to the Final Dividend from 6 June 2025 to 12 June 2025 (both days inclusive), during which period no transfer of H Shares will be registered. The cheques for the Company's Final Dividend of H Shares will be issued by the Receiving Agent, and will be sent by ordinary mail on or around 11 July 2025 ("Dividend Payment Date") to holders of H Shares at their own risks.
お知らせ • Mar 31+ 1 more updateSichuan Expressway Company Limited, Annual General Meeting, May 22, 2025Sichuan Expressway Company Limited, Annual General Meeting, May 22, 2025.
お知らせ • Mar 28Sichuan Expressway Company Limited to Report Q1, 2025 Results on Apr 30, 2025Sichuan Expressway Company Limited announced that they will report Q1, 2025 results on Apr 30, 2025
お知らせ • Dec 27Sichuan Expressway Company Limited to Report Fiscal Year 2024 Results on Mar 29, 2025Sichuan Expressway Company Limited announced that they will report fiscal year 2024 results on Mar 29, 2025
お知らせ • Nov 21Sichuan Expressway Company Limited Announces Board ChangesSichuan Development Holding Co. Ltd. at its extraordinary general meeting held on November 20, 2024 elected and appointed Mr. Yang Shaojun as a non-executive Director of the eighth session of the Board for a term commencing from the date of the consideration and approval at the EGM until the date of expiry of the term of office of the eighth session of the Board, the Board has passed, among others, a resolution on the appointment of Mr. Yang as the vice chairman of the Board, with a term of office from 20 November 2024 until the expiration of the term of office of the eighth session of the Board. Also elect and appoint M s. M a o Yurong as an executive Director of the eighth session of the Board for a term commencing from the date of the consideration and approval at the EGM until the date of expiry of the term of office of the eighth session of the Board.
Reported Earnings • Nov 01Third quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.11 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.14 (up from CN¥0.11 in 3Q 2023). Revenue: CN¥1.99b (down 14% from 3Q 2023). Net income: CN¥424.5m (up 25% from 3Q 2023). Profit margin: 21% (up from 15% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.
お知らせ • Oct 23Sichuan Expressway Company Limited Announces Resignation of Wu Xinhua as A Non-Executive Director and Vice ChairmanSichuan Expressway Company Limited announced that Mr. Wu Xinhua ("Mr. Wu") has tendered his resignation from his positions as a non-executive Director and Vice Chairman of the Company with effect from 23 October 2024 due to the change of his work arrangements.
お知らせ • Sep 30Sichuan Expressway Company Limited to Report Q3, 2024 Results on Oct 31, 2024Sichuan Expressway Company Limited announced that they will report Q3, 2024 results on Oct 31, 2024
Board Change • Sep 26Less than half of directors are independentThere are 5 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: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Jiang Tao was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
お知らせ • Sep 03Sichuan Expressway Company Limited Announces Board and Committee ChangesThe Board of Sichuan Expressway Company Limited announced that Mr. Zhang Qinghua ("Mr. Zhang") had tendered his resignation from his positions as an independent non-executive Director, the committee chairman of the renumeration and appraisal committee under the Board, a member of the audit committee under the Board and a member of the strategic committee under the Board due to personal work changes, with effect from 3 September 2024. At the EGM, Mr. Jiang Tao ("Mr. Jiang") has been elected as an independent non-executive Director of the eighth session of the Board of the Company, with a term of office from the date of the EGM (i.e. 3 September 2024) until the expiration of the term of office of the eighth session of the Board of the Company. The Board announced that at the twenty-second meeting of the eighth session of the Board of the Company held immediately after the EGM, the Board has passed, among others, a resolution on the appointment of Mr. Jiang as the committee chairman of the renumeration and appraisal committee under the Board, a member of the audit committee under the Board and a member of the strategic committee under the Board, with a term of office from 3 September 2024 until the expiration of the term of office of the eighth session of the Board. The details of the composition of the remuneration and appraisal committee, audit committee and strategic committee under the Board after adjustment are as follows: Renumeration and Appraisal Committee - Mr. Jiang Tao (chairman), Mr. Chen Chaoxiong and Madam Bu Danlu; Audit Committee - Madam Bu Danlu (chairlady), Mr. Zhou Hua and Mr. Jiang Tao; Strategic Committee - Mr. Luo Zuyi (chairman), Mr. Yu Haizong and Mr. Jiang Tao. No change has been made to the composition of the nomination committee under the Board.
Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.11 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.11 in 2Q 2023). Revenue: CN¥3.36b (down 9.0% from 2Q 2023). Net income: CN¥306.7m (down 11% from 2Q 2023). Profit margin: 9.1% (down from 9.3% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
お知らせ • Jun 28Sichuan Expressway Company Limited to Report First Half, 2024 Results on Aug 30, 2024Sichuan Expressway Company Limited announced that they will report first half, 2024 results on Aug 30, 2024
Upcoming Dividend • May 28Upcoming dividend of HK$0.26 per shareEligible shareholders must have bought the stock before 04 June 2024. Payment date: 11 July 2024. Payout ratio is a comfortable 65% but the company is not cash flow positive. Trailing yield: 7.5%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.8%).
お知らせ • May 24Sichuan Expressway Company Limited Approves Final Dividend for the Year Ended 31 December 2023, Payable on 11 July 2024Sichuan Expressway Company Limited approved final dividend of RMB 0.24 per share for the year ended 31 December 2023 at its annual general meeting held on 23 May 2024. Ex-dividend date is 04 June 2024. Record date is 12 June 2024. Payment date is 11 July 2024.
Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.14 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.13 (down from CN¥0.14 in 1Q 2023). Revenue: CN¥2.01b (up 1.1% from 1Q 2023). Net income: CN¥391.4m (down 10% from 1Q 2023). Profit margin: 19% (down from 22% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Apr 11Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 30% to €0.36. The fair value is estimated to be €0.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has declined by 4.4%.
お知らせ • Apr 10Sichuan Expressway Company Limited Appoints Luo Zuyi as Executive Director, Authorised Representative, Chairman of Board, Committee Chairman of Strategic Committee and Member of Nomination CommitteeSichuan Expressway Company Limited at its extraordinary general meeting held on April 9, 2024, announced Mr. Luo Zuyi has been elected as an executive Director of the eighth session of the Board of the Company, with a term of office from the date of the EGM (that is 9 April 2024) until the expiration of the term of office of the eighth session of the Board of the Company. Pursuant to the listing rules on the SSE and/or the Articles of Association, Mr. Luo shall be eligible for re-election upon the expiration of his term of office. The Board announced that at the fifteenth meeting of the eighth session of the Board of the Company held immediately after the EGM, the Board agreed to appoint Mr. Luo Zuyi as an authorised representative of the Company under Rule 3.05 of the Listing Rules on the Stock Exchange (the Authorised Representative), with effect from 9 April 2024. The Board further announced that the Board has also passed the following resolutions, among other things: the appointment of Mr. Luo Zuyi as the chairman of the Board of the Company; the appointment of Mr. Luo Zuyi as the committee chairman of the strategic committee under the Board; and the appointment of Mr. Luo Zuyi as a member of the nomination committee under the Board, with a term of office from 9 April 2024 until the expiration of the term of office of the eighth session of the Board. Strategic Committee: Mr. Luo Zuyi (Committee Chairman), Mr. Yu Haizong and Mr. Zhang Qinghua. Nomination Committee: Mr. Yu Haizong (Committee Chairman), Mr. Luo Zuyi and Mr. Zhou Hua. No change has been made to the composition of the audit committee and the remuneration and appraisal committee under the Board.
Declared Dividend • Mar 29Dividend of CN¥0.24 announcedShareholders will receive a dividend of CN¥0.24. Ex-date: 4th June 2024 Payment date: 11th July 2024 Dividend yield will be 72%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 29Sichuan Expressway Company Limited to Report Q1, 2024 Results on Apr 30, 2024Sichuan Expressway Company Limited announced that they will report Q1, 2024 results on Apr 30, 2024
お知らせ • Mar 28Sichuan Expressway Company Limited, Annual General Meeting, May 23, 2024Sichuan Expressway Company Limited, Annual General Meeting, May 23, 2024.
Reported Earnings • Mar 28Full year 2023 earnings released: EPS: CN¥0.39 (vs CN¥0.24 in FY 2022)Full year 2023 results: EPS: CN¥0.39 (up from CN¥0.24 in FY 2022). Revenue: CN¥11.7b (up 20% from FY 2022). Net income: CN¥1.19b (up 64% from FY 2022). Profit margin: 10% (up from 7.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
お知らせ • Mar 27Sichuan Expressway Company Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 11 July 2024Sichuan Expressway Company Limited proposed final dividend of RMB 0.24 per share for the year ended 31 December 2023 at its annual general meeting to be held on 23 May 2024. Ex-dividend date is 04 June 2024. Record date is 12 June 2024. Payment date is 11 July 2024.
お知らせ • Mar 09Sichuan Expressway Company Limited Announces Resignation of Li Wenhu as General ManagerThe board of directors of Sichuan Expressway Company Limited announced that Mr. Li Wenhu ("Mr. Li") has tendered his resignation from his position as general manager of the Company with effect from 8 March 2024 due to the change of his work arrangements. Upon his resignation, Mr. Li would no longer hold any positions in the Group.
お知らせ • Mar 08Sichuan Expressway Company Limited Announces Resignation of Li Wenhu as Executive Director and Vice ChairmanThe board of directors of Sichuan Expressway Company Limited announced that Mr. Li Wenhu (Mr. Li) has tendered his resignation from his positions as an executive Director, Vice Chairman (acting as Chairman), and the authorised representative of the Company with effect from 8 March 2024 due to the change of his work arrangements. Upon his resignation, Mr. Li would no longer hold any positions in the Group.
お知らせ • Feb 01+ 1 more updateSichuan Expressway Company Limited Announces Executive ChangesSichuan Expressway Company Limited announces that Mr. Yan Qixiang ("Mr. Yan") had tendered his resignation from his positions as an independent non-executive Director of the Company, a member of the audit committee under the Board and a member of the nomination committee under the Board due to personal work changes, with effect from 1 February 2024. At the EGM, Mr. Zhou Hua ("Mr. Zhou") has been elected as an independent non-executive Director of the eighth session of the Board of the Company, with a term of office from the date of the EGM (i.e. 1 February 2024) until the expiration of the term of office of the eighth session of the Board of the Company. Pursuantto the Rules Governing the Listing of Stocks on Shanghai Stock Exchange and/or the Articles of Association, Mr. Zhou shall be eligible for re-election upon the expiration of his term of office, but the term of office shall not exceed six years consecutively. The biographical details of Mr. Zhou Hua and other information related to his election are set out in the Circular. As at the date of this announcement, there is no change in the biographical details of Mr. Zhou Hua and other information relating to his appointment. The announced that at the twelfth meeting of the eighth session of the Board of the Company held immediately after the EGM, the Board has passed, among others, a resolution on the appointment of Mr. Zhou Hua as a member of the audit committee and a member of the nomination committee under the Board of the Company, with a term of office from 1 February 2024 until the expiration of the term of office of the eighth session of the Board. The details of the composition of the audit committee and nomination committee under the Board after adjustment are as follows: Audit Committee: Madam Bu Danlu (chairlady), Mr. Zhang Qinghua and Mr. Zhou Hua. Nomination Committee: Mr. Yu Haizong (chairman) and Mr. Zhou Hua. No change has been made to the composition of the strategy committee and the remuneration and appraisal committee under the Board of the Company.
お知らせ • Dec 30Sichuan Expressway Company Limited to Report Fiscal Year 2023 Results on Mar 28, 2024Sichuan Expressway Company Limited announced that they will report fiscal year 2023 results on Mar 28, 2024
Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.052 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.11 (up from CN¥0.052 in 3Q 2022). Revenue: CN¥2.31b (up 23% from 3Q 2022). Net income: CN¥339.4m (up 114% from 3Q 2022). Profit margin: 15% (up from 8.4% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Oct 21Sichuan Expressway Company Limited Announces Resignation of Gan Yongyi as the Chairman, an Executive Director, the Committee Chairman of the Strategic Committee Under the Board, and A Member of the Nomination Committee Under the BoardSichuan Expressway Company Limited announced that due to reaching the retirement age, Mr. Gan Yongyi ("Mr. Gan") has resigned from the positions as the Chairman, an executive Director, the Committee Chairman of the Strategic Committee under the Board, and a member of the Nomination Committee under the Board of the Company and the authorised representative (the "Authorised Representative") of the Company pursuant to Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") with effect from 20 October 2023. Upon his resignation, Mr. Gan would no longer hold any position in the Group. Following the resignation of Mr. Gan as a member of the Nomination Committee under the Board of the Company, this will constitute a non-compliance of the requirement of Article 4 of the terms of reference of the Nomination Committee of the Company that the Nomination Committee shall consist of three to seven Directors.
お知らせ • Sep 30Sichuan Expressway Company Limited to Report Q3, 2023 Results on Oct 27, 2023Sichuan Expressway Company Limited announced that they will report Q3, 2023 results on Oct 27, 2023
Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.076 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.11 (up from CN¥0.076 in 2Q 2022). Revenue: CN¥3.69b (up 73% from 2Q 2022). Net income: CN¥343.3m (up 48% from 2Q 2022). Profit margin: 9.3% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 16% per year.
お知らせ • Aug 29Sichuan Expressway Company Limited Announces Resignation of Madam Xue Min as Executive DirectorThe board of directors of Sichuan Expressway Company Limited announced that Madam Xue Min ("Madam Xue") has tendered her resignation from her position as an executive Director of the Company due to change in her work arrangements with effect from 28 August 2023. Madam Xue has confirmed that she has no disagreement with the Board and there is no other matter in relation to her resignation that needs to be brought to the attention of the shareholders of the Company.
New Risk • Jul 20New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.4% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (9.4% net profit margin).
お知らせ • Jul 15Sichuan Expressway Company Limited Provides Earnings Guidance for the First Half of 2023Sichuan Expressway Company Limited provided earnings guidance for the first half of 2023. For the period, the company expects the net profit attributable to Shareholders will be approximately RMB 806,889,700, representing an increase of approximately RMB 383,076,700, or approximately 90.39%, as compared to the data for the same period in 2022.
お知らせ • Jun 28Sichuan Expressway Company Limited to Report First Half, 2023 Results on Aug 30, 2023Sichuan Expressway Company Limited announced that they will report first half, 2023 results on Aug 30, 2023
お知らせ • Jun 13Sichuan Expressway Company Limited Announces Resignation of Yan Qixiang as Independent Non-Executive Director, Member of the Audit Committee and Member of the Nomination CommitteeThe board of directors of Sichuan Expressway Company Limited announced that Mr. Yan Qixiang has tendered his resignation from his positions as an independent non-executive Director of the Company, a member of the audit committee under the Board and a member of the nomination committee under the Board due to personal work changes. The resignation of Mr. Yan shall be effective upon the newly appointed independent non-executive Director having been elected by the Company. Until then, Mr. Yan will continue to perform his duties as an independent non-executive Director of the Company and a member of the relevant specialized committees under the Board in accordance with relevant laws, regulations and the articles of association of the Company.
Upcoming Dividend • May 30Upcoming dividend of HK$0.11 per share at 5.0% yieldEligible shareholders must have bought the stock before 06 June 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.1%).
お知らせ • May 27Sichuan Expressway Company Limited Declares Final Ordinary Dividend for the Year Ended 31 December 2022, Payable on July 14, 2023Sichuan Expressway Company Limited declared final ordinary dividend of RMB 0.1 per share for the year ended 31 December 2022. Ex-dividend date 06 June 2023, Record date 14 June 2023 and Payment date 14 July 2023. Exchange rate RMB 1: HKD 1.111951.
お知らせ • May 06Sichuan Expressway Company Limited (SEHK:107) completed the acquisition of Sichuan Chengdu Second Expressway Development Co., Ltd. from Sichuan Shu Dao Expressway Group Co., Ltd. and Sichuan Road and Bridge (Group) Co., Ltd.Sichuan Expressway Company Limited (SEHK:107) agreed to acquire Sichuan Chengdu Second Expressway Development Co., Ltd. from Sichuan Shu Dao Expressway Group Co., Ltd. and Sichuan Road and Bridge (Group) Co., Ltd. for CNY 5.9 billion on February 17, 2023. Sichuan Shu Dao will sell 81% stake and Sichuan Road will sell 19% stake in Sichuan Chengdu Second. Transaction has been approved by Sichuan Expressway Company's board and is subject to approval of shareholders. As on March 9, 2023, Transaction is approved by Sichuan Road & Bridge's shareholders. For the period September 30, 2022, Sichuan Chengdu had CNY 16,350 million of total assets, CNY 2,940 million of net assets, CNY 515.291 million of revenues, CNY -91.956 million of net income after tax, 12258.459 million of total debt. Ernst & Young (Hong Kong) Limited acted as an accountant, Octal Capital Limited acted as financial advisor, Lego Corporate Finance Limited acted as financial advisor, Beijing North Asia Asset Assessment Firm (Special General Partnership) acted as an independent qualified valuer in the PRC. and Chelbi Engineering Consultants, Inc as an independent professional traffic consultant in the PRC. to Sichuan Expressway Company Limited.Sichuan Expressway Company Limited (SEHK:107) completed the acquisition of Sichuan Chengdu Second Expressway Development Co., Ltd. from Sichuan Shu Dao Expressway Group Co., Ltd. and Sichuan Road and Bridge (Group) Co., Ltd. on May 4, 2023.
Reported Earnings • Apr 30First quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.082 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.14 (up from CN¥0.082 in 1Q 2022). Revenue: CN¥1.99b (down 1.3% from 1Q 2022). Net income: CN¥436.5m (up 74% from 1Q 2022). Profit margin: 22% (up from 13% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Jan 31Sichuan Expressway Company Limited Provides Earning Guidance for the Year Ended 31 December 2022Sichuan Expressway Company Limited provided earning guidance for the year ended 31 December 2022. The board of directors of the Company inform the shareholders of the Company (the "Shareholders") and potential investorsthat, based on its preliminary assessment of the unaudited management accounts for the year ended 31 December 2022 (the "Year") and information currently available to the Board: it is expected that the net profit attributable to Shareholders of the Company for the Year will decrease to approximately RMB 731,042,400, representing a significant decrease from the net profit attributable to Shareholders of RMB 1,870,856,000 recorded for the year ended 31 December 2021 (the "Previous Year"). Such decrease was mainly attributable to the proceeds from the disposal of 91% equity interests in Renshou Trading Landmark Company Limited during the Previous Year, resulting in a significant increase in non-recurring profit and loss. In addition, vehicle tolls in the Year were negatively affected by the COVID-19 and COVID-19 pandemic prevention and control, road network diversion, and restricted power consumption for high temperature etc., resulting in a decrease in vehicle tolls in the same period of the Year.
Board Change • Nov 16Less than half of directors are independentThere are 7 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: 4 independent directors. 8 non-independent directors. Independent Non-Executive Director Qinghua Zhang 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.
Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.052 (vs CN¥0.086 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.052 (down from CN¥0.086 in 3Q 2021). Revenue: CN¥1.88b (down 23% from 3Q 2021). Net income: CN¥159.0m (down 40% from 3Q 2021). Profit margin: 8.4% (down from 11% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 26Second quarter 2022 earnings released: EPS: CN¥0.076 (vs CN¥0.12 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.076 (down from CN¥0.12 in 2Q 2021). Revenue: CN¥2.13b (down 13% from 2Q 2021). Net income: CN¥231.9m (down 35% from 2Q 2021). Profit margin: 11% (down from 15% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Upcoming Dividend • May 30Upcoming dividend of HK$0.13 per shareEligible shareholders must have bought the stock before 06 June 2022. Payment date: 14 July 2022. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 6.3%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (2.5%).
Reported Earnings • Apr 30First quarter 2022 earnings released: EPS: CN¥0.082 (vs CN¥0.10 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.082 (down from CN¥0.10 in 1Q 2021). Revenue: CN¥2.02b (up 42% from 1Q 2021). Net income: CN¥251.5m (down 20% from 1Q 2021). Profit margin: 13% (down from 22% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Board Change • Apr 27Less than half of directors are independentThere are 11 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. 4 independent directors (7 non-independent directors). Independent Non-Executive Director Lina Liu is the most experienced director on the board, commencing their role in 2016. Independent Non-Executive Director Haizong Yu was the last independent director to join the board, commencing their role in 2021. 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 01Full year 2021 earnings releasedFull year 2021 results: Revenue: CN¥9.10b (up 67% from FY 2020). Net income: CN¥1.87b (up 177% from FY 2020). Profit margin: 21% (up from 12% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 20% compared to a 31% growth forecast for the industry in Germany.
Reported Earnings • Oct 30Third quarter 2021 earnings released: EPS CN¥0.086 (vs CN¥0.14 in 3Q 2020)The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥2.44b (up 60% from 3Q 2020). Net income: CN¥263.3m (down 39% from 3Q 2020). Profit margin: 11% (down from 28% 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 11% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 27Second quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.034 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥2.45b (up 114% from 2Q 2020). Net income: CN¥359.1m (up 250% from 2Q 2020). Profit margin: 15% (up from 9.0% in 2Q 2020). 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 fallen by 9% per year, which means it is significantly lagging earnings.
Executive Departure • Jun 03Independent Non-Executive Director Jinkang Gao has left the companyOn the 25th of May, Jinkang Gao's tenure as Independent Non-Executive Director ended after 1.5 years in the role. We don't have any record of a personal shareholding under Jinkang's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.75 years, which is considered inexperienced in the Simply Wall St Risk Model.
Upcoming Dividend • May 25Upcoming dividend of CN¥0.08 per shareEligible shareholders must have bought the stock before 01 June 2021. Payment date: 06 July 2021. Trailing yield: 5.0%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.4%).
Reported Earnings • May 02First quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.088 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.42b (up 126% from 1Q 2020). Net income: CN¥313.0m (up CN¥582.2m from 1Q 2020). Profit margin: 22% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 12% per year.
Executive Departure • Apr 02Staff Representative Supervisor has left the companyOn the 31st of March, Yaosheng Hu's tenure as Staff Representative Supervisor ended after 4.7 years in the role. We don't have any record of a personal shareholding under Yaosheng's name. A total of 4 executives have left over the last 12 months.
Reported Earnings • Apr 02Full year 2020 earnings released: EPS CN¥0.22 (vs CN¥0.35 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥5.46b (down 15% from FY 2019). Net income: CN¥674.5m (down 38% from FY 2019). Profit margin: 12% (down from 17% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Mar 10New 90-day high: €0.21The company is up 16% from its price of €0.18 on 10 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 11% over the same period.
Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥229.6m, down 78% from the prior year. Total revenue was CN¥5.03b over the last 12 months, down 21% from the prior year.
