View Financial HealthShanghai Electric Power 배당 및 자사주 매입배당 기준 점검 4/6Shanghai Electric Power 수익으로 충분히 충당되는 현재 수익률 2.75% 보유한 배당금 지급 회사입니다.핵심 정보2.7%배당 수익률-10.7%자사주 매입 수익률총 주주 수익률-7.9%미래 배당 수익률2.7%배당 성장률-0.1%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향48%최근 배당 및 자사주 매입 업데이트업데이트 없음모든 업데이트 보기Recent updates공고 • Jun 30Shanghai Electric Power Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026Shanghai Electric Power Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026Valuation Update With 7 Day Price Move • May 28Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥21.18, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 25x in the Renewable Energy industry in China. Total returns to shareholders of 95% over the past three years.Board Change • May 20High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. Independent Director Yue Kesheng is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.공고 • Apr 28Shanghai Electric Power Co., Ltd., Annual General Meeting, May 28, 2026Shanghai Electric Power Co., Ltd., Annual General Meeting, May 28, 2026, at 14:00 China Standard Time. Location: 8F, No. 585, Xujiahui Road, Shanghai China공고 • Mar 30Shanghai Electric Power Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Shanghai Electric Power Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026공고 • Dec 26Shanghai Electric Power Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026Shanghai Electric Power Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026공고 • Sep 30Shanghai Electric Power Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025Shanghai Electric Power Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025공고 • Jun 30Shanghai Electric Power Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025Shanghai Electric Power Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025공고 • May 15Shanghai Power Equipment Research Institute agreed to acquire 77.88% stake in Shanghai Minghua Electric Power Technology Engineering Co., Ltd. from Shanghai Electric Power Co., Ltd. (SHSE:600021) for approximately CNY 200 millionShanghai Power Equipment Research Institute agreed to acquire 77.88% stake in Shanghai Minghua Electric Power Technology Engineering Co., Ltd. from Shanghai Electric Power Co., Ltd. (SHSE:600021) for approximately CNY 200 million on May 14, 2025. A cash consideration of CNY 202 million will be paid by Shanghai Power Equipment Research Institute. As part of consideration, CNY 202 million is paid towards common equity of Shanghai Minghua Electric Power Technology Engineering Co., Ltd. As of June 30, 2024, Shanghai Minghua Electric Power Technology Engineering Co., Ltd. reported total assets of CNY 205.53 million and total common equity of CNY 137.94 million.공고 • Apr 01Shanghai Electric Power Co., Ltd., Annual General Meeting, Apr 23, 2025Shanghai Electric Power Co., Ltd., Annual General Meeting, Apr 23, 2025, at 14:00 China Standard Time. Location: 8F, No. 585, Xujiahui Road, Shanghai China공고 • Mar 28Shanghai Electric Power Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Shanghai Electric Power Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025공고 • Dec 27Shanghai Electric Power Co., Ltd. to Report Fiscal Year 2024 Results on Apr 01, 2025Shanghai Electric Power Co., Ltd. announced that they will report fiscal year 2024 results on Apr 01, 2025New Risk • Oct 30New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows.Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.35 (vs CN¥0.25 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.35 (up from CN¥0.25 in 3Q 2023). Revenue: CN¥12.4b (up 11% from 3Q 2023). Net income: CN¥1.29b (up 85% from 3Q 2023). Profit margin: 10% (up from 6.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥9.67, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Renewable Energy industry in China. Total loss to shareholders of 20% over the past three years.공고 • Sep 30Shanghai Electric Power Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024Shanghai Electric Power Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024Reported Earnings • Aug 27Second quarter 2024 earnings released: EPS: CN¥0.22 (vs CN¥0.14 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.22 (up from CN¥0.14 in 2Q 2023). Revenue: CN¥9.51b (down 3.9% from 2Q 2023). Net income: CN¥770.1m (up 89% from 2Q 2023). Profit margin: 8.1% (up from 4.1% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.공고 • Jun 28Shanghai Electric Power Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024Shanghai Electric Power Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024공고 • Apr 29Shanghai Electric Power Co., Ltd., Annual General Meeting, May 21, 2024Shanghai Electric Power Co., Ltd., Annual General Meeting, May 21, 2024, at 14:00 China Standard Time. Location: 8F, No. 585, Xujiahui Road, Shanghai ChinaReported Earnings • Apr 27First quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.10 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.20 (up from CN¥0.10 in 1Q 2023). Revenue: CN¥10.6b (up 2.6% from 1Q 2023). Net income: CN¥633.9m (up 116% from 1Q 2023). Profit margin: 6.0% (up from 2.8% in 1Q 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.New Risk • Apr 05New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.0% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.공고 • Mar 29Shanghai Electric Power Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024Shanghai Electric Power Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024Reported Earnings • Mar 07Full year 2023 earnings released: EPS: CN¥0.49 (vs CN¥0.068 in FY 2022)Full year 2023 results: EPS: CN¥0.49. Revenue: CN¥4.24m (down 100% from FY 2022). Net income: CN¥159.3k (down 100% from FY 2022). Profit margin: 3.8% (up from 0.5% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 78% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Renewable Energy industry in China.공고 • Dec 30Shanghai Electric Power Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024Shanghai Electric Power Co., Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024Reported Earnings • Oct 31Third quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.084 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.23 (up from CN¥0.084 in 3Q 2022). Revenue: CN¥11.2b (down 4.1% from 3Q 2022). Net income: CN¥767.4m (up 226% from 3Q 2022). Profit margin: 6.9% (up from 2.0% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.069 loss in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.14 (up from CN¥0.069 loss in 2Q 2022). Revenue: CN¥9.90b (up 28% from 2Q 2022). Net income: CN¥493.7m (up CN¥675.3m from 2Q 2022). Profit margin: 5.0% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.공고 • Aug 11Shanghai Electric Power's Unit Plans Wind Power Project In SerbiaShanghai Electric Power Co., Ltd. (SHSE:600021) says unit plans to buy 51% stake in a firm of up to €27.5 million ($30.19 million) for wind power project in Serbia. It says unit plans financing of up to CNY 750 million ($104.11 million) via REITS which include photovoltaic power generation assets.공고 • Jun 28Shanghai Electric Power Co., Ltd. to Report First Half, 2023 Results on Aug 29, 2023Shanghai Electric Power Co., Ltd. announced that they will report first half, 2023 results on Aug 29, 2023Reported Earnings • Mar 13Full year 2022 earnings released: EPS: CN¥0.068 (vs CN¥0.77 loss in FY 2021)Full year 2022 results: EPS: CN¥0.068 (up from CN¥0.77 loss in FY 2021). Revenue: CN¥39.2b (up 28% from FY 2021). Net income: CN¥320.8m (up CN¥2.34b from FY 2021). Profit margin: 0.8% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance.공고 • Jan 21Shanghai Electric Power Co., Ltd. agreed to acquire a 66.40% stake in K-Electric Limited (KASE:KEL) from KES POWER LTD.Shanghai Electric Power Co., Ltd. agreed to acquire a 66.40% stake in K-Electric Limited (KASE:KEL) from KES POWER LTD on January 20, 2023. Shanghai Electric Power will acquire 18,335 million shares of K-Electric Limited. Transaction has been approved by Development and Reform Commission of the People's Republic of China and the approval of the Pakistan Competition Commission and other prerequisites.Reported Earnings • Oct 29Third quarter 2022 earnings released: EPS: CN¥0.022 (vs CN¥0.13 loss in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.022 (up from CN¥0.13 loss in 3Q 2021). Revenue: CN¥11.7b (up 51% from 3Q 2021). Net income: CN¥268.6m (up CN¥617.9m from 3Q 2021). Profit margin: 2.3% (up from net loss in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance.Reported Earnings • May 02First quarter 2022 earnings released: EPS: CN¥0.026 (vs CN¥0.09 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.026 (down from CN¥0.09 in 1Q 2021). Revenue: CN¥8.38b (up 16% from 1Q 2021). Net income: CN¥69.1m (down 74% from 1Q 2021). Profit margin: 0.8% (down from 3.7% in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance.Valuation Update With 7 Day Price Move • Oct 29Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥11.38, the stock trades at a trailing P/E ratio of 46.4x. Average trailing P/E is 26x in the Renewable Energy industry in China. Total returns to shareholders of 66% over the past three years.Valuation Update With 7 Day Price Move • Oct 14Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to CN¥9.98, the stock trades at a trailing P/E ratio of 40.7x. Average trailing P/E is 21x in the Renewable Energy industry in China. Total returns to shareholders of 73% over the past three years.Valuation Update With 7 Day Price Move • Sep 23Investor sentiment improved over the past weekAfter last week's 21% share price gain to CN¥10.53, the stock trades at a trailing P/E ratio of 42.9x. Average trailing P/E is 25x in the Renewable Energy industry in China. Total returns to shareholders of 52% over the past three years.Valuation Update With 7 Day Price Move • Sep 07Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥8.45, the stock trades at a trailing P/E ratio of 32.8x. Average trailing P/E is 22x in the Renewable Energy industry in China. Total returns to shareholders of 21% over the past three years.Reported Earnings • Aug 24Second quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.32 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥7.07b (up 14% from 2Q 2020). Net income: CN¥437.7m (down 15% from 2Q 2020). Profit margin: 6.2% (down from 8.3% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Reported Earnings • Apr 29First quarter 2021 earnings released: EPS CN¥0.09 (vs CN¥0.042 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥7.20b (up 29% from 1Q 2020). Net income: CN¥268.0m (up 90% from 1Q 2020). Profit margin: 3.7% (up from 2.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 30Full year 2020 earnings released: EPS CN¥0.29 (vs CN¥0.36 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥24.2b (up 2.2% from FY 2019). Net income: CN¥889.2m (down 7.6% from FY 2019). Profit margin: 3.7% (down from 4.1% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Mar 11New 90-day high: CN¥7.70The company is up 9.0% from its price of CN¥7.08 on 11 December 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 4.0% over the same period.Is New 90 Day High Low • Jan 25New 90-day low: CN¥6.98The company is down 5.0% from its price of CN¥7.32 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 1.0% over the same period.Is New 90 Day High Low • Dec 12New 90-day low: CN¥7.08The company is down 6.0% from its price of CN¥7.57 on 11 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is down 2.0% over the same period.Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥1.26b, down 56% from the prior year. Total revenue was CN¥24.2b over the last 12 months, up 3.5% from the prior year.Is New 90 Day High Low • Oct 22New 90-day low: CN¥7.43The company is down 1.0% from its price of CN¥7.54 on 24 July 2020. The Chinese market is also down 1.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Renewable Energy industry, which is up 1.0% over the same period.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 600021 의 배당금 지급은 지난 10 년 동안 휘발성이었습니다.배당금 증가: 600021 의 배당금 지급은 지난 10 년 동안 증가했습니다.배당 수익률 vs 시장Shanghai Electric Power 배당 수익률 vs 시장600021의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (600021)2.7%시장 하위 25% (CN)0.4%시장 상위 25% (CN)2.3%업계 평균 (Renewable Energy)3.1%분석가 예측 (600021) (최대 3년)2.7%주목할만한 배당금: 600021 의 배당금( 2.75% )은 CN 시장에서 배당금 지급자의 하위 25%( 0.42% )보다 높습니다.고배당: 600021 의 배당금( 2.75% )은 CN 시장( 2.3% )주주 대상 이익 배당수익 보장: 합리적으로 낮은 지불 비율 ( 48.4% )로 600021 의 배당금 지급은 수익으로 충분히 충당됩니다.주주 현금 배당현금 흐름 범위: 600021 배당금을 지급하고 있지만 회사에는 잉여현금흐름이 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YCN 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/13 10:19종가2026/07/13 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 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.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 소스Shanghai Electric Power Co., Ltd.는 5명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Jiani LiuChina International Capital Corporation LimitedFei WuCitic Securities Co., Ltd.Wei WangEverbright Securities Co. Ltd.2명의 분석가 더 보기
공고 • Jun 30Shanghai Electric Power Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026Shanghai Electric Power Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026
Valuation Update With 7 Day Price Move • May 28Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥21.18, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 25x in the Renewable Energy industry in China. Total returns to shareholders of 95% over the past three years.
Board Change • May 20High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. Independent Director Yue Kesheng is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
공고 • Apr 28Shanghai Electric Power Co., Ltd., Annual General Meeting, May 28, 2026Shanghai Electric Power Co., Ltd., Annual General Meeting, May 28, 2026, at 14:00 China Standard Time. Location: 8F, No. 585, Xujiahui Road, Shanghai China
공고 • Mar 30Shanghai Electric Power Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Shanghai Electric Power Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026
공고 • Dec 26Shanghai Electric Power Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026Shanghai Electric Power Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026
공고 • Sep 30Shanghai Electric Power Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025Shanghai Electric Power Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025
공고 • Jun 30Shanghai Electric Power Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025Shanghai Electric Power Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025
공고 • May 15Shanghai Power Equipment Research Institute agreed to acquire 77.88% stake in Shanghai Minghua Electric Power Technology Engineering Co., Ltd. from Shanghai Electric Power Co., Ltd. (SHSE:600021) for approximately CNY 200 millionShanghai Power Equipment Research Institute agreed to acquire 77.88% stake in Shanghai Minghua Electric Power Technology Engineering Co., Ltd. from Shanghai Electric Power Co., Ltd. (SHSE:600021) for approximately CNY 200 million on May 14, 2025. A cash consideration of CNY 202 million will be paid by Shanghai Power Equipment Research Institute. As part of consideration, CNY 202 million is paid towards common equity of Shanghai Minghua Electric Power Technology Engineering Co., Ltd. As of June 30, 2024, Shanghai Minghua Electric Power Technology Engineering Co., Ltd. reported total assets of CNY 205.53 million and total common equity of CNY 137.94 million.
공고 • Apr 01Shanghai Electric Power Co., Ltd., Annual General Meeting, Apr 23, 2025Shanghai Electric Power Co., Ltd., Annual General Meeting, Apr 23, 2025, at 14:00 China Standard Time. Location: 8F, No. 585, Xujiahui Road, Shanghai China
공고 • Mar 28Shanghai Electric Power Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Shanghai Electric Power Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025
공고 • Dec 27Shanghai Electric Power Co., Ltd. to Report Fiscal Year 2024 Results on Apr 01, 2025Shanghai Electric Power Co., Ltd. announced that they will report fiscal year 2024 results on Apr 01, 2025
New Risk • Oct 30New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows.
Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.35 (vs CN¥0.25 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.35 (up from CN¥0.25 in 3Q 2023). Revenue: CN¥12.4b (up 11% from 3Q 2023). Net income: CN¥1.29b (up 85% from 3Q 2023). Profit margin: 10% (up from 6.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥9.67, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Renewable Energy industry in China. Total loss to shareholders of 20% over the past three years.
공고 • Sep 30Shanghai Electric Power Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024Shanghai Electric Power Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024
Reported Earnings • Aug 27Second quarter 2024 earnings released: EPS: CN¥0.22 (vs CN¥0.14 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.22 (up from CN¥0.14 in 2Q 2023). Revenue: CN¥9.51b (down 3.9% from 2Q 2023). Net income: CN¥770.1m (up 89% from 2Q 2023). Profit margin: 8.1% (up from 4.1% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
공고 • Jun 28Shanghai Electric Power Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024Shanghai Electric Power Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024
공고 • Apr 29Shanghai Electric Power Co., Ltd., Annual General Meeting, May 21, 2024Shanghai Electric Power Co., Ltd., Annual General Meeting, May 21, 2024, at 14:00 China Standard Time. Location: 8F, No. 585, Xujiahui Road, Shanghai China
Reported Earnings • Apr 27First quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.10 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.20 (up from CN¥0.10 in 1Q 2023). Revenue: CN¥10.6b (up 2.6% from 1Q 2023). Net income: CN¥633.9m (up 116% from 1Q 2023). Profit margin: 6.0% (up from 2.8% in 1Q 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
New Risk • Apr 05New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.0% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows.
공고 • Mar 29Shanghai Electric Power Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024Shanghai Electric Power Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024
Reported Earnings • Mar 07Full year 2023 earnings released: EPS: CN¥0.49 (vs CN¥0.068 in FY 2022)Full year 2023 results: EPS: CN¥0.49. Revenue: CN¥4.24m (down 100% from FY 2022). Net income: CN¥159.3k (down 100% from FY 2022). Profit margin: 3.8% (up from 0.5% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 78% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Renewable Energy industry in China.
공고 • Dec 30Shanghai Electric Power Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024Shanghai Electric Power Co., Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024
Reported Earnings • Oct 31Third quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.084 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.23 (up from CN¥0.084 in 3Q 2022). Revenue: CN¥11.2b (down 4.1% from 3Q 2022). Net income: CN¥767.4m (up 226% from 3Q 2022). Profit margin: 6.9% (up from 2.0% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.069 loss in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.14 (up from CN¥0.069 loss in 2Q 2022). Revenue: CN¥9.90b (up 28% from 2Q 2022). Net income: CN¥493.7m (up CN¥675.3m from 2Q 2022). Profit margin: 5.0% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
공고 • Aug 11Shanghai Electric Power's Unit Plans Wind Power Project In SerbiaShanghai Electric Power Co., Ltd. (SHSE:600021) says unit plans to buy 51% stake in a firm of up to €27.5 million ($30.19 million) for wind power project in Serbia. It says unit plans financing of up to CNY 750 million ($104.11 million) via REITS which include photovoltaic power generation assets.
공고 • Jun 28Shanghai Electric Power Co., Ltd. to Report First Half, 2023 Results on Aug 29, 2023Shanghai Electric Power Co., Ltd. announced that they will report first half, 2023 results on Aug 29, 2023
Reported Earnings • Mar 13Full year 2022 earnings released: EPS: CN¥0.068 (vs CN¥0.77 loss in FY 2021)Full year 2022 results: EPS: CN¥0.068 (up from CN¥0.77 loss in FY 2021). Revenue: CN¥39.2b (up 28% from FY 2021). Net income: CN¥320.8m (up CN¥2.34b from FY 2021). Profit margin: 0.8% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance.
공고 • Jan 21Shanghai Electric Power Co., Ltd. agreed to acquire a 66.40% stake in K-Electric Limited (KASE:KEL) from KES POWER LTD.Shanghai Electric Power Co., Ltd. agreed to acquire a 66.40% stake in K-Electric Limited (KASE:KEL) from KES POWER LTD on January 20, 2023. Shanghai Electric Power will acquire 18,335 million shares of K-Electric Limited. Transaction has been approved by Development and Reform Commission of the People's Republic of China and the approval of the Pakistan Competition Commission and other prerequisites.
Reported Earnings • Oct 29Third quarter 2022 earnings released: EPS: CN¥0.022 (vs CN¥0.13 loss in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.022 (up from CN¥0.13 loss in 3Q 2021). Revenue: CN¥11.7b (up 51% from 3Q 2021). Net income: CN¥268.6m (up CN¥617.9m from 3Q 2021). Profit margin: 2.3% (up from net loss in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 02First quarter 2022 earnings released: EPS: CN¥0.026 (vs CN¥0.09 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.026 (down from CN¥0.09 in 1Q 2021). Revenue: CN¥8.38b (up 16% from 1Q 2021). Net income: CN¥69.1m (down 74% from 1Q 2021). Profit margin: 0.8% (down from 3.7% in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance.
Valuation Update With 7 Day Price Move • Oct 29Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥11.38, the stock trades at a trailing P/E ratio of 46.4x. Average trailing P/E is 26x in the Renewable Energy industry in China. Total returns to shareholders of 66% over the past three years.
Valuation Update With 7 Day Price Move • Oct 14Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to CN¥9.98, the stock trades at a trailing P/E ratio of 40.7x. Average trailing P/E is 21x in the Renewable Energy industry in China. Total returns to shareholders of 73% over the past three years.
Valuation Update With 7 Day Price Move • Sep 23Investor sentiment improved over the past weekAfter last week's 21% share price gain to CN¥10.53, the stock trades at a trailing P/E ratio of 42.9x. Average trailing P/E is 25x in the Renewable Energy industry in China. Total returns to shareholders of 52% over the past three years.
Valuation Update With 7 Day Price Move • Sep 07Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥8.45, the stock trades at a trailing P/E ratio of 32.8x. Average trailing P/E is 22x in the Renewable Energy industry in China. Total returns to shareholders of 21% over the past three years.
Reported Earnings • Aug 24Second quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.32 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥7.07b (up 14% from 2Q 2020). Net income: CN¥437.7m (down 15% from 2Q 2020). Profit margin: 6.2% (down from 8.3% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Reported Earnings • Apr 29First quarter 2021 earnings released: EPS CN¥0.09 (vs CN¥0.042 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥7.20b (up 29% from 1Q 2020). Net income: CN¥268.0m (up 90% from 1Q 2020). Profit margin: 3.7% (up from 2.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 30Full year 2020 earnings released: EPS CN¥0.29 (vs CN¥0.36 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥24.2b (up 2.2% from FY 2019). Net income: CN¥889.2m (down 7.6% from FY 2019). Profit margin: 3.7% (down from 4.1% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Mar 11New 90-day high: CN¥7.70The company is up 9.0% from its price of CN¥7.08 on 11 December 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 4.0% over the same period.
Is New 90 Day High Low • Jan 25New 90-day low: CN¥6.98The company is down 5.0% from its price of CN¥7.32 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 1.0% over the same period.
Is New 90 Day High Low • Dec 12New 90-day low: CN¥7.08The company is down 6.0% from its price of CN¥7.57 on 11 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is down 2.0% over the same period.
Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥1.26b, down 56% from the prior year. Total revenue was CN¥24.2b over the last 12 months, up 3.5% from the prior year.
Is New 90 Day High Low • Oct 22New 90-day low: CN¥7.43The company is down 1.0% from its price of CN¥7.54 on 24 July 2020. The Chinese market is also down 1.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Renewable Energy industry, which is up 1.0% over the same period.