View ValuationGuangzhou Development Group 향후 성장Future 기준 점검 0/6Guangzhou Development Group 의 수익은 연간 0.4% 감소할 것으로 예상되는 반면, 연간 수익은 3.9% 로 증가할 것으로 예상됩니다. EPS는 연간 0.7% 만큼 쇠퇴할 것으로 예상됩니다. 자기자본이익률은 3년 후 7.4% 로 예상됩니다.핵심 정보-0.4%이익 성장률-0.73%EPS 성장률Oil and Gas 이익 성장16.9%매출 성장률3.9%향후 자기자본이익률7.42%애널리스트 커버리지Low마지막 업데이트18 Apr 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesNew Risk • May 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.4% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 (12% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.공시 • Apr 30Guangzhou Development Group Incorporated, Annual General Meeting, May 29, 2026Guangzhou Development Group Incorporated, Annual General Meeting, May 29, 2026, at 09:30 China Standard Time. Location: 6F, No. 3, Linjiang Avenue, Guangzhou, Guangdong ChinaReported Earnings • Apr 15Full year 2025 earnings: EPS in line with analyst expectations despite revenue beatFull year 2025 results: EPS: CN¥0.66 (up from CN¥0.49 in FY 2024). Revenue: CN¥50.9b (up 5.3% from FY 2024). Net income: CN¥2.32b (up 34% from FY 2024). Profit margin: 4.6% (up from 3.6% in FY 2024). Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 1.5% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.공시 • Mar 30Guangzhou Development Group Incorporated to Report Q1, 2026 Results on Apr 30, 2026Guangzhou Development Group Incorporated announced that they will report Q1, 2026 results on Apr 30, 2026공시 • Dec 26Guangzhou Development Group Incorporated to Report Fiscal Year 2025 Results on Apr 18, 2026Guangzhou Development Group Incorporated announced that they will report fiscal year 2025 results on Apr 18, 2026Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: CN¥0.15 (vs CN¥0.13 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.15 (up from CN¥0.13 in 3Q 2024). Revenue: CN¥14.6b (up 11% from 3Q 2024). Net income: CN¥523.8m (up 19% from 3Q 2024). Profit margin: 3.6% (up from 3.3% in 3Q 2024). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.New Risk • Oct 31New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.3% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 (16% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (155% cash payout ratio). Large one-off items impacting financial results.공시 • Sep 30Guangzhou Development Group Incorporated to Report Q3, 2025 Results on Oct 31, 2025Guangzhou Development Group Incorporated announced that they will report Q3, 2025 results on Oct 31, 2025New Risk • Sep 05New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 77% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (155% cash payout ratio). Large one-off items impacting financial results.Reported Earnings • Sep 05Second quarter 2025 earnings released: EPS: CN¥0.34 (vs CN¥0.20 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.34 (up from CN¥0.20 in 2Q 2024). Revenue: CN¥12.5b (up 2.6% from 2Q 2024). Net income: CN¥1.18b (up 69% from 2Q 2024). Profit margin: 9.5% (up from 5.7% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.공시 • Jun 30Guangzhou Development Group Incorporated to Report First Half, 2025 Results on Aug 30, 2025Guangzhou Development Group Incorporated announced that they will report first half, 2025 results on Aug 30, 2025Declared Dividend • Jun 22Dividend increased to CN¥0.27Dividend of CN¥0.27 is 8.0% higher than last year. Ex-date: 27th June 2025 Payment date: 27th June 2025 Dividend yield will be 4.1%, which is lower than the industry average of 8.0%. Sustainability & Growth Dividend is covered by earnings (54% earnings payout ratio) but not adequately covered by cash flows (96% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공시 • Apr 30Guangzhou Development Group Incorporated, Annual General Meeting, May 30, 2025Guangzhou Development Group Incorporated, Annual General Meeting, May 30, 2025, at 09:30 China Standard Time. Location: 6F, No. 3, Linjiang Avenue, Guangzhou, Guangdong ChinaReported Earnings • Apr 10Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.49 (up from CN¥0.47 in FY 2023). Revenue: CN¥48.3b (up 3.3% from FY 2023). Net income: CN¥1.73b (up 5.7% from FY 2023). Profit margin: 3.6% (in line with FY 2023). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 4.8%. Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.공시 • Mar 28Guangzhou Development Group Incorporated to Report Q1, 2025 Results on Apr 30, 2025Guangzhou Development Group Incorporated announced that they will report Q1, 2025 results on Apr 30, 2025분석 기사 • Feb 25Returns Are Gaining Momentum At Guangzhou Development Group (SHSE:600098)What are the early trends we should look for to identify a stock that could multiply in value over the long term...분석 기사 • Jan 08Is Guangzhou Development Group (SHSE:600098) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...공시 • Dec 27Guangzhou Development Group Incorporated to Report Fiscal Year 2024 Results on Apr 30, 2025Guangzhou Development Group Incorporated announced that they will report fiscal year 2024 results on Apr 30, 2025분석 기사 • Nov 22Returns At Guangzhou Development Group (SHSE:600098) Are On The Way UpIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.12 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.12 in 3Q 2023). Revenue: CN¥13.1b (up 18% from 3Q 2023). Net income: CN¥439.9m (up 7.0% from 3Q 2023). Profit margin: 3.3% (down from 3.7% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.분석 기사 • Oct 01Earnings Working Against Guangzhou Development Group Incorporated's (SHSE:600098) Share PriceGuangzhou Development Group Incorporated's ( SHSE:600098 ) price-to-earnings (or "P/E") ratio of 14.1x might make it...Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥6.73, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Oil and Gas industry in China. Total loss to shareholders of 15% over the past three years.공시 • Sep 30Guangzhou Development Group Incorporated to Report Q3, 2024 Results on Oct 31, 2024Guangzhou Development Group Incorporated announced that they will report Q3, 2024 results on Oct 31, 2024Reported Earnings • Sep 04Second quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.20 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.20 (down from CN¥0.20 in 2Q 2023). Revenue: CN¥12.2b (up 4.4% from 2Q 2023). Net income: CN¥699.5m (down 1.8% from 2Q 2023). Profit margin: 5.7% (down from 6.1% in 2Q 2023). 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 4.9% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.분석 기사 • Jul 29Guangzhou Development Group (SHSE:600098) Has Some Way To Go To Become A Multi-BaggerIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...공시 • Jun 28Guangzhou Development Group Incorporated to Report First Half, 2024 Results on Aug 31, 2024Guangzhou Development Group Incorporated announced that they will report first half, 2024 results on Aug 31, 2024분석 기사 • Jun 21Guangzhou Development Group (SHSE:600098) Will Pay A Larger Dividend Than Last Year At CN¥0.25Guangzhou Development Group Incorporated's ( SHSE:600098 ) dividend will be increasing from last year's payment of the...Declared Dividend • Jun 21Dividend increased to CN¥0.25Dividend of CN¥0.25 is 25% higher than last year. Ex-date: 27th June 2024 Payment date: 27th June 2024 Dividend yield will be 3.8%, which is lower than the industry average of 8.0%. Sustainability & Growth Dividend is covered by earnings (52% 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 5.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Board Change • May 29Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Tao Liu 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.분석 기사 • May 28Does Guangzhou Development Group (SHSE:600098) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...공시 • May 01Guangzhou Development Group Incorporated, Annual General Meeting, May 30, 2024Guangzhou Development Group Incorporated, Annual General Meeting, May 30, 2024, at 09:30 China Standard Time. Location: 6F, No. 3, Linjiang Avenue, Guangzhou, Guangdong ChinaReported Earnings • Apr 30First quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.12 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.12 in 1Q 2023). Revenue: CN¥10.7b (up 6.1% from 1Q 2023). Net income: CN¥447.5m (up 11% from 1Q 2023). Profit margin: 4.2% (up from 4.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 28% 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 • Apr 14Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: CN¥0.47 (up from CN¥0.39 in FY 2022). Revenue: CN¥46.8b (down 2.3% from FY 2022). Net income: CN¥1.64b (up 21% from FY 2022). Profit margin: 3.5% (up from 2.8% in FY 2022). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates significantly. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥7.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Oil and Gas industry in China. Total returns to shareholders of 16% over the past three years.분석 기사 • Apr 02Fewer Investors Than Expected Jumping On Guangzhou Development Group Incorporated (SHSE:600098)Guangzhou Development Group Incorporated's ( SHSE:600098 ) price-to-earnings (or "P/E") ratio of 14.5x might make it...공시 • Mar 29Guangzhou Development Group Incorporated to Report Q1, 2024 Results on Apr 30, 2024Guangzhou Development Group Incorporated announced that they will report Q1, 2024 results on Apr 30, 2024Reported Earnings • Mar 03Full year 2023 earnings released: EPS: CN¥0.47 (vs CN¥0.39 in FY 2022)Full year 2023 results: EPS: CN¥0.47 (up from CN¥0.39 in FY 2022). Revenue: CN¥46.8b (down 2.3% from FY 2022). Net income: CN¥1.64b (up 21% from FY 2022). Profit margin: 3.5% (up from 2.8% in FY 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 59% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in China are expected to grow by 3.3%. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.분석 기사 • Feb 28Does Guangzhou Development Group (SHSE:600098) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...공시 • Dec 29Guangzhou Development Group Incorporated to Report Fiscal Year 2023 Results on Apr 10, 2024Guangzhou Development Group Incorporated announced that they will report fiscal year 2023 results on Apr 10, 2024Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.14 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.14 in 3Q 2022). Revenue: CN¥11.1b (down 25% from 3Q 2022). Net income: CN¥411.2m (down 18% from 3Q 2022). Profit margin: 3.7% (up from 3.4% in 3Q 2022). The increase in margin was driven by lower 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 1% per year, which means it is significantly lagging earnings.Reported Earnings • Sep 02Second quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.13 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.20 (up from CN¥0.13 in 2Q 2022). Revenue: CN¥11.7b (down 5.7% from 2Q 2022). Net income: CN¥712.3m (up 56% from 2Q 2022). Profit margin: 6.1% (up from 3.7% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year.Reported Earnings • Apr 08Full year 2022 earnings released: EPS: CN¥0.39 (vs CN¥0.074 in FY 2021)Full year 2022 results: EPS: CN¥0.39 (up from CN¥0.074 in FY 2021). Revenue: CN¥47.9b (up 26% from FY 2021). Net income: CN¥1.35b (up CN¥1.15b from FY 2021). Profit margin: 2.8% (up from 0.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.03 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.14 (up from CN¥0.03 in 3Q 2021). Revenue: CN¥14.8b (up 44% from 3Q 2021). Net income: CN¥501.8m (up CN¥422.3m from 3Q 2021). Profit margin: 3.4% (up from 0.8% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 04Second quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.17 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.13 (down from CN¥0.17 in 2Q 2021). Revenue: CN¥12.4b (up 39% from 2Q 2021). Net income: CN¥456.7m (down 1.6% from 2Q 2021). Profit margin: 3.7% (down from 5.2% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Reported Earnings • May 02First quarter 2022 earnings released: EPS: CN¥0.075 (vs CN¥0.075 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.075 (vs CN¥0.075 in 1Q 2021). Revenue: CN¥8.37b (down 6.9% from 1Q 2021). Net income: CN¥260.7m (up 31% from 1Q 2021). Profit margin: 3.1% (up from 2.2% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. 4 independent directors (5 non-independent directors). Chairman Zhulin Wu was the last director to join the board, commencing their role in 2006. 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 10Full year 2021 earnings released: EPS: CN¥0.074 (vs CN¥0.34 in FY 2020)Full year 2021 results: EPS: CN¥0.074 (down from CN¥0.34 in FY 2020). Revenue: CN¥38.0b (up 20% from FY 2020). Net income: CN¥202.7m (down 78% from FY 2020). Profit margin: 0.5% (down from 2.8% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year.Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.03 (vs CN¥0.12 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¥10.3b (up 18% from 3Q 2020). Net income: CN¥79.4m (down 74% from 3Q 2020). Profit margin: 0.8% (down from 3.6% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 10% per year.Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to CN¥6.91, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 23x in the Renewable Energy industry in China. Total returns to shareholders of 37% over the past three years.Valuation Update With 7 Day Price Move • Sep 23Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥8.60, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 25x in the Renewable Energy industry in China. Total returns to shareholders of 45% over the past three years.Valuation Update With 7 Day Price Move • Sep 07Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥8.03, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 22x in the Renewable Energy industry in China. Total returns to shareholders of 38% over the past three years.Reported Earnings • Aug 29Second quarter 2021 earnings released: EPS CN¥0.17 (vs CN¥0.16 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¥8.89b (up 14% from 2Q 2020). Net income: CN¥464.1m (up 10% from 2Q 2020). Profit margin: 5.2% (down from 5.4% 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 13% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.공시 • Jun 10Guangzhou Development Group Incorporated announced that it expects to receive CNY 6 billion in funding from Guangzhou State-owned Capital Operation Holdings Co.,Ltd. and other investorsGuangzhou Development Group Incorporated (SHSE:600098) announced a private placement of not more than 817,858,967 shares A shares for gross proceeds of not more than CNY 6,000 million on June 9, 2021. The total number of shares to be issued does not exceed 30% of the total equity before the issuance. The transaction will include participation from not more than 35 specific investors including returning investor Guangzhou State-owned Capital Operation Holdings Co.,Ltd. The transaction was approved at 29th meeting of the eighth session of the company's board of directors, and the sixteenth meeting of the eighth board of supervisors. The transaction is subjected to the approval of shareholders, competent state-owned approval unit, Guangzhou State-owned Capital Operation Holdings Co.,Ltd. and China Securities Regulatory Commission for approval. The shares issued will have a restricted period of 18 months from the date of issuance. The number of shares to be issued is not more than 30% of the company's total share capital before the issuance. The issuance price will not be less than 80% of the average price of the company’s stock price during the 20 trading days prior to the pricing base date.Reported Earnings • May 04First quarter 2021 earnings released: EPS CN¥0.075 (vs CN¥0.043 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥8.99b (up 43% from 1Q 2020). Net income: CN¥199.6m (up 72% from 1Q 2020). Profit margin: 2.2% (up from 1.8% 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 11% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 16Full year 2020 earnings released: EPS CN¥0.34 (vs CN¥0.30 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥31.7b (up 7.0% from FY 2019). Net income: CN¥903.5m (up 12% from FY 2019). Profit margin: 2.8% (up from 2.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Is New 90 Day High Low • Feb 04New 90-day low: CN¥5.57The company is down 2.0% from its price of CN¥5.71 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is flat over the same period.Valuation Update With 7 Day Price Move • Dec 16Investor sentiment improved over the past weekAfter last week's 20% share price gain to CN¥7.22, the stock is trading at a trailing P/E ratio of 20.2x, up from the previous P/E ratio of 16.9x. This compares to an average P/E of 17x in the Renewable Energy industry in China. Total returns to shareholders over the past three years are 8.8%.Is New 90 Day High Low • Dec 07New 90-day high: CN¥6.10The company is up 4.0% from its price of CN¥5.88 on 08 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 1.0% over the same period.Reported Earnings • Nov 03Third quarter 2020 earnings released: EPS CN¥0.12The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥8.73b (up 3.1% from 3Q 2019). Net income: CN¥310.7m (up 34% from 3Q 2019). Profit margin: 3.6% (up from 2.7% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Oct 29New 90-day low: CN¥5.66The company is down 4.0% from its price of CN¥5.87 on 31 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 2.0% over the same period.공시 • Jul 17Guangzhou Development Group Incorporated to Report First Half, 2020 Results on Aug 29, 2020Guangzhou Development Group Incorporated announced that they will report first half, 2020 results on Aug 29, 2020이익 및 매출 성장 예측SHSE:600098 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202858,0512,329N/A6,118112/31/202757,5722,061N/A6,070112/31/202655,7562,022N/A5,35613/31/202651,7272,403-2,3804,679N/A12/31/202550,8832,319-1,0225,621N/A9/30/202550,2812,304-1,0335,524N/A6/30/202548,7892,2206115,884N/A3/31/202548,4781,7379865,347N/A12/31/202448,3281,7325554,510N/A9/30/202449,9621,69763,884N/A6/30/202447,9201,668-1,5112,613N/A3/31/202447,4111,681-1,2372,837N/A12/31/202346,7971,638-1,4562,863N/A9/30/202345,2221,665-2,0992,946N/A6/30/202348,9251,751-8764,104N/A3/31/202349,6231,502-2444,886N/A12/31/202247,9101,354-9483,740N/A9/30/202245,3376456744,801N/A6/30/202240,813227-1,4892,465N/A3/31/202237,330228-1,4391,927N/A12/31/202137,953172-1,0622,093N/A9/30/202137,073799-1,606748N/A6/30/202135,5291,0301142,321N/A3/31/202134,424987212,188N/A12/31/202031,7109032222,284N/A9/30/202030,9989566233,421N/A6/30/202030,7388775523,063N/A3/31/202029,5257742212,744N/A12/31/201929,643806N/A3,636N/A9/30/201928,802753N/A2,916N/A6/30/201926,727731N/A2,516N/A3/31/201926,447742N/A2,289N/A12/31/201826,165701N/A1,684N/A9/30/201826,045730N/A2,421N/A6/30/201826,908757N/A2,127N/A3/31/201826,242753N/A2,105N/A12/31/201724,798679N/A2,358N/A9/30/201723,540272N/A2,285N/A6/30/201721,659530N/A2,732N/A3/31/201721,417534N/A2,798N/A12/31/201622,025669N/A2,475N/A9/30/201623,6921,307N/A2,024N/A6/30/201623,3151,265N/A1,719N/A3/31/201622,1791,233N/A2,135N/A12/31/201521,1171,303N/A3,189N/A9/30/201518,2491,201N/A3,213N/A6/30/201518,7641,113N/A3,626N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 600098 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -0.4%).수익 vs 시장: 600098 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -0.4%).고성장 수익: 600098 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: 600098 의 수익(연간 3.9%)이 CN 시장(연간 16.2%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 600098 의 수익(연간 3.9%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 600098의 자본 수익률은 3년 후 7.4%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YEnergy 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/23 08:38종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Guangzhou Development Group Incorporated는 9명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Junhua CHENChina International Capital Corporation LimitedNing LiChina Stock Investment Research Co. Ltd. (GZ500..com)Shuwei ChenEverbright Securities Co. Ltd.6명의 분석가 더 보기
New Risk • May 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.4% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 (12% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
공시 • Apr 30Guangzhou Development Group Incorporated, Annual General Meeting, May 29, 2026Guangzhou Development Group Incorporated, Annual General Meeting, May 29, 2026, at 09:30 China Standard Time. Location: 6F, No. 3, Linjiang Avenue, Guangzhou, Guangdong China
Reported Earnings • Apr 15Full year 2025 earnings: EPS in line with analyst expectations despite revenue beatFull year 2025 results: EPS: CN¥0.66 (up from CN¥0.49 in FY 2024). Revenue: CN¥50.9b (up 5.3% from FY 2024). Net income: CN¥2.32b (up 34% from FY 2024). Profit margin: 4.6% (up from 3.6% in FY 2024). Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 1.5% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
공시 • Mar 30Guangzhou Development Group Incorporated to Report Q1, 2026 Results on Apr 30, 2026Guangzhou Development Group Incorporated announced that they will report Q1, 2026 results on Apr 30, 2026
공시 • Dec 26Guangzhou Development Group Incorporated to Report Fiscal Year 2025 Results on Apr 18, 2026Guangzhou Development Group Incorporated announced that they will report fiscal year 2025 results on Apr 18, 2026
Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: CN¥0.15 (vs CN¥0.13 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.15 (up from CN¥0.13 in 3Q 2024). Revenue: CN¥14.6b (up 11% from 3Q 2024). Net income: CN¥523.8m (up 19% from 3Q 2024). Profit margin: 3.6% (up from 3.3% in 3Q 2024). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
New Risk • Oct 31New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.3% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 (16% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (155% cash payout ratio). Large one-off items impacting financial results.
공시 • Sep 30Guangzhou Development Group Incorporated to Report Q3, 2025 Results on Oct 31, 2025Guangzhou Development Group Incorporated announced that they will report Q3, 2025 results on Oct 31, 2025
New Risk • Sep 05New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 77% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (155% cash payout ratio). Large one-off items impacting financial results.
Reported Earnings • Sep 05Second quarter 2025 earnings released: EPS: CN¥0.34 (vs CN¥0.20 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.34 (up from CN¥0.20 in 2Q 2024). Revenue: CN¥12.5b (up 2.6% from 2Q 2024). Net income: CN¥1.18b (up 69% from 2Q 2024). Profit margin: 9.5% (up from 5.7% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
공시 • Jun 30Guangzhou Development Group Incorporated to Report First Half, 2025 Results on Aug 30, 2025Guangzhou Development Group Incorporated announced that they will report first half, 2025 results on Aug 30, 2025
Declared Dividend • Jun 22Dividend increased to CN¥0.27Dividend of CN¥0.27 is 8.0% higher than last year. Ex-date: 27th June 2025 Payment date: 27th June 2025 Dividend yield will be 4.1%, which is lower than the industry average of 8.0%. Sustainability & Growth Dividend is covered by earnings (54% earnings payout ratio) but not adequately covered by cash flows (96% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공시 • Apr 30Guangzhou Development Group Incorporated, Annual General Meeting, May 30, 2025Guangzhou Development Group Incorporated, Annual General Meeting, May 30, 2025, at 09:30 China Standard Time. Location: 6F, No. 3, Linjiang Avenue, Guangzhou, Guangdong China
Reported Earnings • Apr 10Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.49 (up from CN¥0.47 in FY 2023). Revenue: CN¥48.3b (up 3.3% from FY 2023). Net income: CN¥1.73b (up 5.7% from FY 2023). Profit margin: 3.6% (in line with FY 2023). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 4.8%. Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
공시 • Mar 28Guangzhou Development Group Incorporated to Report Q1, 2025 Results on Apr 30, 2025Guangzhou Development Group Incorporated announced that they will report Q1, 2025 results on Apr 30, 2025
분석 기사 • Feb 25Returns Are Gaining Momentum At Guangzhou Development Group (SHSE:600098)What are the early trends we should look for to identify a stock that could multiply in value over the long term...
분석 기사 • Jan 08Is Guangzhou Development Group (SHSE:600098) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
공시 • Dec 27Guangzhou Development Group Incorporated to Report Fiscal Year 2024 Results on Apr 30, 2025Guangzhou Development Group Incorporated announced that they will report fiscal year 2024 results on Apr 30, 2025
분석 기사 • Nov 22Returns At Guangzhou Development Group (SHSE:600098) Are On The Way UpIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.12 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.12 in 3Q 2023). Revenue: CN¥13.1b (up 18% from 3Q 2023). Net income: CN¥439.9m (up 7.0% from 3Q 2023). Profit margin: 3.3% (down from 3.7% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
분석 기사 • Oct 01Earnings Working Against Guangzhou Development Group Incorporated's (SHSE:600098) Share PriceGuangzhou Development Group Incorporated's ( SHSE:600098 ) price-to-earnings (or "P/E") ratio of 14.1x might make it...
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥6.73, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Oil and Gas industry in China. Total loss to shareholders of 15% over the past three years.
공시 • Sep 30Guangzhou Development Group Incorporated to Report Q3, 2024 Results on Oct 31, 2024Guangzhou Development Group Incorporated announced that they will report Q3, 2024 results on Oct 31, 2024
Reported Earnings • Sep 04Second quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.20 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.20 (down from CN¥0.20 in 2Q 2023). Revenue: CN¥12.2b (up 4.4% from 2Q 2023). Net income: CN¥699.5m (down 1.8% from 2Q 2023). Profit margin: 5.7% (down from 6.1% in 2Q 2023). 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 4.9% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
분석 기사 • Jul 29Guangzhou Development Group (SHSE:600098) Has Some Way To Go To Become A Multi-BaggerIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...
공시 • Jun 28Guangzhou Development Group Incorporated to Report First Half, 2024 Results on Aug 31, 2024Guangzhou Development Group Incorporated announced that they will report first half, 2024 results on Aug 31, 2024
분석 기사 • Jun 21Guangzhou Development Group (SHSE:600098) Will Pay A Larger Dividend Than Last Year At CN¥0.25Guangzhou Development Group Incorporated's ( SHSE:600098 ) dividend will be increasing from last year's payment of the...
Declared Dividend • Jun 21Dividend increased to CN¥0.25Dividend of CN¥0.25 is 25% higher than last year. Ex-date: 27th June 2024 Payment date: 27th June 2024 Dividend yield will be 3.8%, which is lower than the industry average of 8.0%. Sustainability & Growth Dividend is covered by earnings (52% 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 5.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Board Change • May 29Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Tao Liu 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.
분석 기사 • May 28Does Guangzhou Development Group (SHSE:600098) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
공시 • May 01Guangzhou Development Group Incorporated, Annual General Meeting, May 30, 2024Guangzhou Development Group Incorporated, Annual General Meeting, May 30, 2024, at 09:30 China Standard Time. Location: 6F, No. 3, Linjiang Avenue, Guangzhou, Guangdong China
Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.12 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.12 in 1Q 2023). Revenue: CN¥10.7b (up 6.1% from 1Q 2023). Net income: CN¥447.5m (up 11% from 1Q 2023). Profit margin: 4.2% (up from 4.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 28% 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 • Apr 14Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: CN¥0.47 (up from CN¥0.39 in FY 2022). Revenue: CN¥46.8b (down 2.3% from FY 2022). Net income: CN¥1.64b (up 21% from FY 2022). Profit margin: 3.5% (up from 2.8% in FY 2022). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates significantly. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 03Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥7.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Oil and Gas industry in China. Total returns to shareholders of 16% over the past three years.
분석 기사 • Apr 02Fewer Investors Than Expected Jumping On Guangzhou Development Group Incorporated (SHSE:600098)Guangzhou Development Group Incorporated's ( SHSE:600098 ) price-to-earnings (or "P/E") ratio of 14.5x might make it...
공시 • Mar 29Guangzhou Development Group Incorporated to Report Q1, 2024 Results on Apr 30, 2024Guangzhou Development Group Incorporated announced that they will report Q1, 2024 results on Apr 30, 2024
Reported Earnings • Mar 03Full year 2023 earnings released: EPS: CN¥0.47 (vs CN¥0.39 in FY 2022)Full year 2023 results: EPS: CN¥0.47 (up from CN¥0.39 in FY 2022). Revenue: CN¥46.8b (down 2.3% from FY 2022). Net income: CN¥1.64b (up 21% from FY 2022). Profit margin: 3.5% (up from 2.8% in FY 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 59% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in China are expected to grow by 3.3%. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
분석 기사 • Feb 28Does Guangzhou Development Group (SHSE:600098) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
공시 • Dec 29Guangzhou Development Group Incorporated to Report Fiscal Year 2023 Results on Apr 10, 2024Guangzhou Development Group Incorporated announced that they will report fiscal year 2023 results on Apr 10, 2024
Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.14 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.14 in 3Q 2022). Revenue: CN¥11.1b (down 25% from 3Q 2022). Net income: CN¥411.2m (down 18% from 3Q 2022). Profit margin: 3.7% (up from 3.4% in 3Q 2022). The increase in margin was driven by lower 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 1% per year, which means it is significantly lagging earnings.
Reported Earnings • Sep 02Second quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.13 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.20 (up from CN¥0.13 in 2Q 2022). Revenue: CN¥11.7b (down 5.7% from 2Q 2022). Net income: CN¥712.3m (up 56% from 2Q 2022). Profit margin: 6.1% (up from 3.7% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year.
Reported Earnings • Apr 08Full year 2022 earnings released: EPS: CN¥0.39 (vs CN¥0.074 in FY 2021)Full year 2022 results: EPS: CN¥0.39 (up from CN¥0.074 in FY 2021). Revenue: CN¥47.9b (up 26% from FY 2021). Net income: CN¥1.35b (up CN¥1.15b from FY 2021). Profit margin: 2.8% (up from 0.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.03 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.14 (up from CN¥0.03 in 3Q 2021). Revenue: CN¥14.8b (up 44% from 3Q 2021). Net income: CN¥501.8m (up CN¥422.3m from 3Q 2021). Profit margin: 3.4% (up from 0.8% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 04Second quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.17 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.13 (down from CN¥0.17 in 2Q 2021). Revenue: CN¥12.4b (up 39% from 2Q 2021). Net income: CN¥456.7m (down 1.6% from 2Q 2021). Profit margin: 3.7% (down from 5.2% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 02First quarter 2022 earnings released: EPS: CN¥0.075 (vs CN¥0.075 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.075 (vs CN¥0.075 in 1Q 2021). Revenue: CN¥8.37b (down 6.9% from 1Q 2021). Net income: CN¥260.7m (up 31% from 1Q 2021). Profit margin: 3.1% (up from 2.2% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. 4 independent directors (5 non-independent directors). Chairman Zhulin Wu was the last director to join the board, commencing their role in 2006. 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 10Full year 2021 earnings released: EPS: CN¥0.074 (vs CN¥0.34 in FY 2020)Full year 2021 results: EPS: CN¥0.074 (down from CN¥0.34 in FY 2020). Revenue: CN¥38.0b (up 20% from FY 2020). Net income: CN¥202.7m (down 78% from FY 2020). Profit margin: 0.5% (down from 2.8% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year.
Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.03 (vs CN¥0.12 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¥10.3b (up 18% from 3Q 2020). Net income: CN¥79.4m (down 74% from 3Q 2020). Profit margin: 0.8% (down from 3.6% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 10% per year.
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to CN¥6.91, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 23x in the Renewable Energy industry in China. Total returns to shareholders of 37% over the past three years.
Valuation Update With 7 Day Price Move • Sep 23Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥8.60, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 25x in the Renewable Energy industry in China. Total returns to shareholders of 45% over the past three years.
Valuation Update With 7 Day Price Move • Sep 07Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥8.03, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 22x in the Renewable Energy industry in China. Total returns to shareholders of 38% over the past three years.
Reported Earnings • Aug 29Second quarter 2021 earnings released: EPS CN¥0.17 (vs CN¥0.16 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¥8.89b (up 14% from 2Q 2020). Net income: CN¥464.1m (up 10% from 2Q 2020). Profit margin: 5.2% (down from 5.4% 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 13% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
공시 • Jun 10Guangzhou Development Group Incorporated announced that it expects to receive CNY 6 billion in funding from Guangzhou State-owned Capital Operation Holdings Co.,Ltd. and other investorsGuangzhou Development Group Incorporated (SHSE:600098) announced a private placement of not more than 817,858,967 shares A shares for gross proceeds of not more than CNY 6,000 million on June 9, 2021. The total number of shares to be issued does not exceed 30% of the total equity before the issuance. The transaction will include participation from not more than 35 specific investors including returning investor Guangzhou State-owned Capital Operation Holdings Co.,Ltd. The transaction was approved at 29th meeting of the eighth session of the company's board of directors, and the sixteenth meeting of the eighth board of supervisors. The transaction is subjected to the approval of shareholders, competent state-owned approval unit, Guangzhou State-owned Capital Operation Holdings Co.,Ltd. and China Securities Regulatory Commission for approval. The shares issued will have a restricted period of 18 months from the date of issuance. The number of shares to be issued is not more than 30% of the company's total share capital before the issuance. The issuance price will not be less than 80% of the average price of the company’s stock price during the 20 trading days prior to the pricing base date.
Reported Earnings • May 04First quarter 2021 earnings released: EPS CN¥0.075 (vs CN¥0.043 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥8.99b (up 43% from 1Q 2020). Net income: CN¥199.6m (up 72% from 1Q 2020). Profit margin: 2.2% (up from 1.8% 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 11% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 16Full year 2020 earnings released: EPS CN¥0.34 (vs CN¥0.30 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥31.7b (up 7.0% from FY 2019). Net income: CN¥903.5m (up 12% from FY 2019). Profit margin: 2.8% (up from 2.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Is New 90 Day High Low • Feb 04New 90-day low: CN¥5.57The company is down 2.0% from its price of CN¥5.71 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is flat over the same period.
Valuation Update With 7 Day Price Move • Dec 16Investor sentiment improved over the past weekAfter last week's 20% share price gain to CN¥7.22, the stock is trading at a trailing P/E ratio of 20.2x, up from the previous P/E ratio of 16.9x. This compares to an average P/E of 17x in the Renewable Energy industry in China. Total returns to shareholders over the past three years are 8.8%.
Is New 90 Day High Low • Dec 07New 90-day high: CN¥6.10The company is up 4.0% from its price of CN¥5.88 on 08 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 1.0% over the same period.
Reported Earnings • Nov 03Third quarter 2020 earnings released: EPS CN¥0.12The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥8.73b (up 3.1% from 3Q 2019). Net income: CN¥310.7m (up 34% from 3Q 2019). Profit margin: 3.6% (up from 2.7% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Oct 29New 90-day low: CN¥5.66The company is down 4.0% from its price of CN¥5.87 on 31 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 2.0% over the same period.
공시 • Jul 17Guangzhou Development Group Incorporated to Report First Half, 2020 Results on Aug 29, 2020Guangzhou Development Group Incorporated announced that they will report first half, 2020 results on Aug 29, 2020