Buy Or Sell Opportunity • Apr 21
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 8.0% to CN¥12.69. The fair value is estimated to be CN¥10.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has declined by 22%. 공시 • Apr 20
Leshan Electric Power Co.,Ltd, Annual General Meeting, May 08, 2026 Leshan Electric Power Co.,Ltd, Annual General Meeting, May 08, 2026, at 09:30 China Standard Time. Location: Jinhaitang Hotel, Leshan, Sichuan China Reported Earnings • Apr 19
Full year 2025 earnings released: EPS: CN¥0.041 (vs CN¥0.042 in FY 2024) Full year 2025 results: EPS: CN¥0.041. Revenue: CN¥3.40b (up 6.2% from FY 2024). Net income: CN¥23.3m (up 3.3% from FY 2024). Profit margin: 0.7% (in line with FY 2024). New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 39% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). 공시 • Mar 30
Leshan Electric Power Co.,Ltd to Report Q1, 2026 Results on Apr 25, 2026 Leshan Electric Power Co.,Ltd announced that they will report Q1, 2026 results on Apr 25, 2026 Reported Earnings • Feb 02
Full year 2025 earnings released: EPS: CN¥0.041 (vs CN¥0.042 in FY 2024) Full year 2025 results: EPS: CN¥0.041. Revenue: CN¥3.40b (up 6.2% from FY 2024). Net income: CN¥23.4m (up 3.7% from FY 2024). Profit margin: 0.7% (in line with FY 2024). New Risk • Dec 31
New major risk - Revenue and earnings growth Earnings have declined by 37% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 37% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. 공시 • Dec 26
Leshan Electric Power Co.,Ltd to Report Fiscal Year 2025 Results on Apr 18, 2026 Leshan Electric Power Co.,Ltd announced that they will report fiscal year 2025 results on Apr 18, 2026 공시 • Sep 30
Leshan Electric Power Co.,Ltd to Report Q3, 2025 Results on Oct 31, 2025 Leshan Electric Power Co.,Ltd announced that they will report Q3, 2025 results on Oct 31, 2025 Reported Earnings • Jul 26
Second quarter 2025 earnings released: EPS: CN¥0.016 (vs CN¥0.027 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.016 (down from CN¥0.027 in 2Q 2024). Revenue: CN¥782.7m (up 2.3% from 2Q 2024). Net income: CN¥9.11m (down 37% from 2Q 2024). Profit margin: 1.2% (down from 1.9% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. 공시 • Jun 30
Leshan Electric Power Co.,Ltd to Report First Half, 2025 Results on Aug 30, 2025 Leshan Electric Power Co.,Ltd announced that they will report first half, 2025 results on Aug 30, 2025 Buy Or Sell Opportunity • Jun 30
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 98% to CN¥13.92. The fair value is estimated to be CN¥11.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has declined by 63%. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 2 highly experienced directors. GM & Director Yongzhi Qiu was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Buy Or Sell Opportunity • May 20
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 120% to CN¥13.93. The fair value is estimated to be CN¥11.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has declined by 63%. 공시 • May 14
Leshan Electric Power Co.,Ltd, Annual General Meeting, Jun 05, 2025 Leshan Electric Power Co.,Ltd, Annual General Meeting, Jun 05, 2025, at 09:30 China Standard Time. Location: Jinhaitang Hotel, Shizhong District, Leshan, Sichuan China New Risk • Apr 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 19
Full year 2024 earnings released: EPS: CN¥0.042 (vs CN¥0.045 in FY 2023) Full year 2024 results: EPS: CN¥0.042 (down from CN¥0.045 in FY 2023). Revenue: CN¥3.20b (up 7.0% from FY 2023). Net income: CN¥22.6m (down 7.1% from FY 2023). Profit margin: 0.7% (down from 0.8% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. 공시 • Mar 28
Leshan Electric Power Co.,Ltd to Report Q1, 2025 Results on Apr 30, 2025 Leshan Electric Power Co.,Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 공시 • Dec 27
Leshan Electric Power Co.,Ltd to Report Fiscal Year 2024 Results on Apr 18, 2025 Leshan Electric Power Co.,Ltd announced that they will report fiscal year 2024 results on Apr 18, 2025 New Risk • Nov 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). New Risk • Oct 31
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.7% Last year net profit margin: 1.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. 공시 • Sep 30
Leshan Electric Power Co.,Ltd to Report Q3, 2024 Results on Oct 31, 2024 Leshan Electric Power Co.,Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 New Risk • Sep 06
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 2.8% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (2.8% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: CN¥0.027 (vs CN¥0.043 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.027 (down from CN¥0.043 in 2Q 2023). Revenue: CN¥764.9m (up 4.4% from 2Q 2023). Net income: CN¥14.4m (down 38% from 2Q 2023). Profit margin: 1.9% (down from 3.2% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • Jul 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.1% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.1% average weekly change). Reported Earnings • Jul 11
Second quarter 2024 earnings released: EPS: CN¥0.027 (vs CN¥0.043 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.027 (down from CN¥0.043 in 2Q 2023). Revenue: CN¥764.9m (up 4.4% from 2Q 2023). Net income: CN¥14.3m (down 39% from 2Q 2023). Profit margin: 1.9% (down from 3.2% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. 공시 • Jun 28
Leshan Electric Power Co.,Ltd to Report First Half, 2024 Results on Aug 16, 2024 Leshan Electric Power Co.,Ltd announced that they will report first half, 2024 results on Aug 16, 2024 New Risk • May 27
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.1% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.1% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (9.1% average weekly change). Reported Earnings • Apr 30
First quarter 2024 earnings released: CN¥0.01 loss per share (vs CN¥0.018 loss in 1Q 2023) First quarter 2024 results: CN¥0.01 loss per share (improved from CN¥0.018 loss in 1Q 2023). Revenue: CN¥827.6m (up 8.7% from 1Q 2023). Net loss: CN¥5.18m (loss narrowed 48% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: CN¥0.045 (vs CN¥0.13 in FY 2022) Full year 2023 results: EPS: CN¥0.045 (down from CN¥0.13 in FY 2022). Revenue: CN¥2.99b (up 3.9% from FY 2022). Net income: CN¥24.3m (down 66% from FY 2022). Profit margin: 0.8% (down from 2.5% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. 공시 • Mar 30
Leshan Electric Power Co.,Ltd, Annual General Meeting, Apr 19, 2024 Leshan Electric Power Co.,Ltd, Annual General Meeting, Apr 19, 2024, at 09:30 China Standard Time. Location: Jinhaitang Hotel, Leshan, Sichuan China 공시 • Mar 29
Leshan Electric Power Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024 Leshan Electric Power Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to CN¥4.53, the stock trades at a trailing P/E ratio of 78.5x. Average trailing P/E is 23x in the Electric Utilities industry in China. Total loss to shareholders of 6.8% over the past three years. 공시 • Dec 29
Leshan Electric Power Co.,Ltd to Report Fiscal Year 2023 Results on Mar 30, 2024 Leshan Electric Power Co.,Ltd announced that they will report fiscal year 2023 results on Mar 30, 2024 New Risk • Oct 31
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 7.5% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.5% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.046 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.11 (up from CN¥0.046 in 3Q 2022). Revenue: CN¥703.8m (up 12% from 3Q 2022). Net income: CN¥58.0m (up 133% from 3Q 2022). Profit margin: 8.2% (up from 4.0% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. 공시 • Sep 30
Leshan Electric Power Co.,Ltd to Report Q3, 2023 Results on Oct 27, 2023 Leshan Electric Power Co.,Ltd announced that they will report Q3, 2023 results on Oct 27, 2023 New Risk • Aug 25
New major risk - Revenue and earnings growth Earnings have declined by 7.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.043 (vs CN¥0.11 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.043 (down from CN¥0.11 in 2Q 2022). Revenue: CN¥732.9m (flat on 2Q 2022). Net income: CN¥23.3m (down 61% from 2Q 2022). Profit margin: 3.2% (down from 8.1% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Board Change • Jun 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Member of the Supervisory Board Pin Chun Du is the most experienced director on the board, commencing their role in 2013. Independent Director Ying Pan was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 28
First quarter 2023 earnings released: CN¥0.018 loss per share (vs CN¥0.05 profit in 1Q 2022) First quarter 2023 results: CN¥0.018 loss per share (down from CN¥0.05 profit in 1Q 2022). Revenue: CN¥761.3m (up 1.1% from 1Q 2022). Net loss: CN¥9.97m (down 137% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • Jan 22
Full year 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.22 in FY 2021) Full year 2022 results: EPS: CN¥0.13 (down from CN¥0.22 in FY 2021). Revenue: CN¥2.87b (up 12% from FY 2021). Net income: CN¥70.6m (down 40% from FY 2021). Profit margin: 2.5% (down from 4.6% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥7.40, the stock trades at a trailing P/E ratio of 70.9x. Average trailing P/E is 31x in the Electric Utilities industry in China. Total returns to shareholders of 26% over the past three years. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.046 (vs CN¥0.17 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.046 (down from CN¥0.17 in 3Q 2021). Revenue: CN¥627.2m (down 2.5% from 3Q 2021). Net income: CN¥25.0m (down 72% from 3Q 2021). Profit margin: 4.0% (down from 14% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 4% per year. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.086 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.11 (up from CN¥0.086 in 2Q 2021). Revenue: CN¥735.8m (up 14% from 2Q 2021). Net income: CN¥59.2m (up 27% from 2Q 2021). Profit margin: 8.1% (up from 7.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improved over the past week After last week's 25% share price gain to CN¥8.02, the stock trades at a trailing P/E ratio of 36x. Average trailing P/E is 33x in the Electric Utilities industry in China. Total returns to shareholders of 32% over the past three years. Reported Earnings • Jul 21
Second quarter 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.086 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.11 (up from CN¥0.086 in 2Q 2021). Revenue: CN¥735.8m (up 14% from 2Q 2021). Net income: CN¥59.2m (up 27% from 2Q 2021). Profit margin: 8.1% (up from 7.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.05 (vs CN¥0.069 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.05 (down from CN¥0.069 in 1Q 2021). Revenue: CN¥752.8m (up 23% from 1Q 2021). Net income: CN¥26.8m (down 28% from 1Q 2021). Profit margin: 3.6% (down from 6.1% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 5% per year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Guo Qiong Tang was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Jan 23
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.22 (up from CN¥0.19 in FY 2020). Revenue: CN¥2.59b (up 13% from FY 2020). Net income: CN¥101.4m (down 1.1% from FY 2020). Profit margin: 3.9% (down from 4.5% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.17 (vs CN¥0.14 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥643.2m (up 11% from 3Q 2020). Net income: CN¥88.6m (up 16% from 3Q 2020). Profit margin: 14% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥6.59, the stock trades at a trailing P/E ratio of 40.1x. Average trailing P/E is 42x in the Electric Utilities industry in China. Total returns to shareholders of 65% over the past three years. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥7.50, the stock trades at a trailing P/E ratio of 45.6x. Average trailing P/E is 38x in the Electric Utilities industry in China. Total returns to shareholders of 53% over the past three years. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.086 (vs CN¥0.11 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥646.0m (up 16% from 2Q 2020). Net income: CN¥46.6m (down 18% from 2Q 2020). Profit margin: 7.2% (down from 10% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year. Reported Earnings • Jul 16
Second quarter 2021 earnings released: EPS CN¥0.086 (vs CN¥0.11 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥646.0m (up 16% from 2Q 2020). Net income: CN¥46.6m (down 18% from 2Q 2020). Profit margin: 7.2% (down from 10% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year and the company’s share price has also increased by 7% per year. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥6.13, the stock trades at a trailing P/E ratio of 33.3x. Average trailing P/E is 30x in the Electric Utilities industry in China. Total returns to shareholders of 12% over the past three years. Reported Earnings • May 04
First quarter 2021 earnings released: EPS CN¥0.069 (vs CN¥0.076 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥611.0m (up 21% from 1Q 2020). Net income: CN¥37.2m (down 8.6% from 1Q 2020). Profit margin: 6.1% (down from 8.0% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS CN¥0.19 (vs CN¥0.17 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.30b (up 3.3% from FY 2019). Net income: CN¥102.4m (up 15% from FY 2019). Profit margin: 4.5% (up from 4.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. 공시 • Mar 05
Leshan Electric Power Co., Ltd. to Report Fiscal Year 2020 Results on Mar 27, 2021 Leshan Electric Power Co., Ltd. announced that they will report fiscal year 2020 results on Mar 27, 2021 Is New 90 Day High Low • Jan 29
New 90-day low: CN¥4.91 The company is down 2.0% from its price of CN¥4.99 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 4.0% over the same period. Reported Earnings • Jan 28
Full year 2020 earnings released: EPS CN¥0.19 (vs CN¥0.17 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.30b (up 3.3% from FY 2019). Net income: CN¥102.4m (up 15% from FY 2019). Profit margin: 4.5% (up from 4.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥5.29, the stock is trading at a trailing P/E ratio of 28.8x, down from the previous P/E ratio of 34.4x. This compares to an average P/E of 28x in the Electric Utilities industry in China. Total return to shareholders over the past three years is a loss of 22%. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥6.75, the stock is trading at a trailing P/E ratio of 36.7x, up from the previous P/E ratio of 29.8x. This compares to an average P/E of 30x in the Electric Utilities industry in China. Total return to shareholders over the past three years is a loss of 4.3%. Is New 90 Day High Low • Dec 23
New 90-day high: CN¥5.65 The company is up 8.0% from its price of CN¥5.25 on 24 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is down 1.0% over the same period. Reported Earnings • Nov 03
Third quarter 2020 earnings released: EPS CN¥0.14 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥580.5m (up 8.9% from 3Q 2019). Net income: CN¥76.6m (up 49% from 3Q 2019). Profit margin: 13% (up from 9.6% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. 공시 • Oct 29
Leshan Electric Power Co., Ltd. to Report Q3, 2020 Results on Oct 31, 2020 Leshan Electric Power Co., Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020 Is New 90 Day High Low • Oct 27
New 90-day low: CN¥5.14 The company is down 4.0% from its price of CN¥5.38 on 29 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Electric Utilities industry, which is also down 4.0% over the same period. Is New 90 Day High Low • Oct 01
New 90-day low: CN¥5.15 The company is down 1.0% from its price of CN¥5.19 on 03 July 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 4.0% over the same period. 공시 • Jul 09
Leshan Electric Power Co., Ltd. to Report First Half, 2020 Results on Aug 22, 2020 Leshan Electric Power Co., Ltd. announced that they will report first half, 2020 results on Aug 22, 2020 
