View ValuationENN Energy Holdings 향후 성장Future 기준 점검 1/6ENN Energy Holdings (는) 각각 연간 5.2% 및 3% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 4.8% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 11.5% 로 예상됩니다.핵심 정보5.2%이익 성장률4.83%EPS 성장률Gas Utilities 이익 성장3.3%매출 성장률3.0%향후 자기자본이익률11.50%애널리스트 커버리지Good마지막 업데이트09 Jul 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesValuation Update With 7 Day Price Move • Jun 16Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €4.77, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 15x in the Gas Utilities industry in Europe. Total loss to shareholders of 53% over the past three years.Declared Dividend • May 20Final dividend of HK$2.35 announcedShareholders will receive a dividend of HK$2.35. Ex-date: 1st June 2026 Payment date: 31st July 2026 Dividend yield will be 38%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (85% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Board Change • May 20Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Sarah Wong was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.공시 • Mar 27ENN Energy Holdings Limited, Annual General Meeting, May 27, 2026ENN Energy Holdings Limited, Annual General Meeting, May 27, 2026.공시 • Mar 13ENN Energy Holdings Limited to Report Fiscal Year 2025 Results on Mar 27, 2026ENN Energy Holdings Limited announced that they will report fiscal year 2025 results on Mar 27, 2026공시 • Aug 12ENN Energy Holdings Limited to Report First Half, 2025 Results on Aug 27, 2025ENN Energy Holdings Limited announced that they will report first half, 2025 results on Aug 27, 2025공시 • May 23ENN Energy Holdings Limited Approves Final Dividend for the Year Ended 31 December 2024ENN Energy Holdings Limited, at its Annual General Meeting Held on 23 May 2025, approved a final dividend of HKD 2.35 per share for the year ended 31 December 2024.공시 • Mar 27+ 1 more updateXinneng (Hong Kong) Energy Investment Limited agreed to acquire remaining 65.72% stake in ENN Energy Holdings Limited (SEHK:2688) for HKD 59.6 billion.Xinneng (Hong Kong) Energy Investment Limited agreed to acquire remaining 65.72% stake in ENN Energy Holdings Limited (SEHK:2688) for HKD 59.6 billion on March 18, 2025. The consideration consists of 2.9427 ENN Natural Gas H (ENN-NG H) Shares for each ENN Energy Holdings shares and Cash Consideration of HKD 24.50 per share. The Offeror intends to finance the payment of the Cash Consideration under the Scheme and ENN Share Option Offer Price by its internal cash resources and external debt facilities. Upon completion of transaction, listing of ENN Energy Holdings Limited on the Hong Kong Stock Exchange will be withdrawn, ENN-NG H Shares will be listed on the Hong Kong Stock Exchange, Scheme Shareholders will receive the Cash Consideration, Scheme Shareholders (except for Non-Qualifying Overseas Shareholders) will become holders of ENN-NG H Shares and the privatized ENN will become an indirectly wholly-owned subsidiary of ENN-NG. The transaction is subject to approval by the ENN Shareholders, court approval and all necessary Approvals in connection with the Proposal and the implementation of the Proposal having been obtained from the Relevant Authorities. Upon completion, Xinneng (Hong Kong) Energy Investment Limited will own 100% stake in ENN Energy Holdings Limited. The transaction is expected to complete on March 13, 2026. China International Capital Corporation Hong Kong Securities Limited acted as financial advisor to Xinneng (Hong Kong) Energy Investment Limited.공시 • Mar 26+ 1 more updateENN Energy Holdings Limited, Annual General Meeting, May 23, 2025ENN Energy Holdings Limited, Annual General Meeting, May 23, 2025.공시 • Mar 14ENN Energy Holdings Limited to Report Fiscal Year 2024 Results on Mar 26, 2025ENN Energy Holdings Limited announced that they will report fiscal year 2024 results on Mar 26, 2025공시 • Feb 25ENN Energy Holdings Limited Announces Executive ChangesThe board of directors of ENN Energy Holdings Limited announced that Mr. GONG Luojian ("Mr. GONG") and Ms. SU Li ("Ms. SU") have been appointed as executive directors of the Company, with Mr. GONG also serving as the President of the Company, and they also serve as members of the risk management committee of the Board with effect from 25 February 2025. On the same date, Mr. LIU Jianfeng ("Mr. LIU") ceased to be an executive director and the President of the Company due to his desire to spend more time with family and Mr. JIANG Chenghong ("Mr. JIANG") ceased to be an executive director of the Company due to job re-designation, and they also ceased to be members of the risk management committee of the Board. Mr. LIU and Mr. JIANG have confirmed that they have no disagreements with the Board and that there are no matters relating to their resignations that eed to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. Mr. GONG, aged 53, holds a Master of Business Administration (MBA) from Nankai University and an Executive Master of Business Administration (EMBA) from Guanghua School of Management, Peking University. After joining the Group in 2007, he served various managerial positions, including marketing director and general manager of member companies. Due to his outstanding performance, he was subsequently promoted to regional general manager, overseeing business operations in the Yuwan and Jiangsu regions. From January 2024 to February 2025, he served as the Senior Vice President of the Company, continuing to be responsible for the Jiangsu region's business while also overseeing the overall development and customer service of the Group's value added business. Mr. GONG has accumulated over 16 years of extensive experience in energy enterprise operations and market expansion. In his previous roles, he demonstrated exceptional leadership, strategic vision, and execution capabilities. His innovative thinking, customer orientation, and strategic perspective are of significant importance for the Company's future development and market competitiveness. Prior to joining the Group, Mr. GONG took senior positions at Jiangsu Taizhou Chunlan E- business Co. Ltd. and Jiangsu Chunlan Automobile Co. Ltd., where he was responsible for the promotional and marketing affairs. Ms. SU, aged 52, graduated from Shanghai Jiao Tong University in China, where she holds an Executive Master of Business Administration (EMBA). She joined the Group in 2002 and has served general manager positions at various member companies. Due to her outstanding performance, she was subsequently promoted to regional general manager, actively implementing the Group's development goals over the years. Ms. SU served as the Senior Vice President of the Company from February 2018 to February 2025, overseeing marketing and sales, industrial park, and business development for the Zhejiang and Shanghai provincial companies. She possesses extensive experience in energy enterprise operations and market expansion. With her keen insights into customer needs and exceptional market analysis abilities, she can accurately grasp industry trends and identifies market opportunities. The Board firmly believes that Ms. SU's exceptional industrial vision and strong execution capability will push forward the Group's long-term stable growth. Ms. SU is currently the executive vice president of ENN-NG, the controlling shareholder of the Company, and has previously served as the director of Huzhou Gas Co. Ltd.Upcoming Dividend • Oct 25Upcoming dividend of HK$0.65 per shareEligible shareholders must have bought the stock before 01 November 2024. Payment date: 29 November 2024. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.6%).Recent Insider Transactions • Oct 14CFO & Executive Director recently bought €73k worth of stockOn the 8th of October, Dongzhi Wang bought around 11k shares on-market at roughly €6.61 per share. This transaction amounted to 74% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Dongzhi has been a buyer over the last 12 months, purchasing a net total of €176k worth in shares.Valuation Update With 7 Day Price Move • Oct 09Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €6.20, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Gas Utilities industry in Europe. Total loss to shareholders of 46% over the past three years.Valuation Update With 7 Day Price Move • Sep 24Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €6.35, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Gas Utilities industry in Europe. Total loss to shareholders of 48% over the past three years.Declared Dividend • Aug 26First half dividend of HK$0.65 announcedShareholders will receive a dividend of HK$0.65. Ex-date: 1st November 2024 Payment date: 29th November 2024 Dividend yield will be 16%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but not covered by cash flows (106% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 26First half 2024 earnings released: EPS: CN¥2.29 (vs CN¥2.95 in 1H 2023)First half 2024 results: EPS: CN¥2.29 (down from CN¥2.95 in 1H 2023). Revenue: CN¥54.6b (flat on 1H 2023). Net income: CN¥2.57b (down 23% from 1H 2023). Profit margin: 4.7% (down from 6.2% in 1H 2023). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings.공시 • Aug 23ENN Energy Holdings Limited Announces Interim Dividend for the Year Ending December 31, 2024, Payable on November 29, 2024ENN Energy Holdings Limited announced interim dividend of HKD 0.65 per share for the year ending December 31, 2024. Ex-dividend date is November 1, 2024. Record date is November 5, 2024. Payment date is November 29, 2024.공시 • Aug 12ENN Energy Holdings Limited to Report Q2, 2024 Results on Aug 23, 2024ENN Energy Holdings Limited announced that they will report Q2, 2024 results on Aug 23, 2024공시 • May 31ENN Energy Holdings Limited Declares Final Dividend for the Year Ended 31 December 2023ENN Energy Holdings Limited at its Annual General Meeting Held on 31 May 2024, declared a final dividend of HKD 2.31 per share for the year ended 31 December 2023.Upcoming Dividend • May 29Upcoming dividend of HK$2.31 per shareEligible shareholders must have bought the stock before 05 June 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 44% but the company is paying out more than the cash it is generating. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (6.5%).Valuation Update With 7 Day Price Move • May 10Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €9.55, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Gas Utilities industry in Europe. Total loss to shareholders of 30% over the past three years.Reported Earnings • Apr 23Full year 2023 earnings released: EPS: CN¥6.05 (vs CN¥5.20 in FY 2022)Full year 2023 results: EPS: CN¥6.05 (up from CN¥5.20 in FY 2022). Revenue: CN¥113.9b (up 3.5% from FY 2022). Net income: CN¥6.82b (up 16% from FY 2022). Profit margin: 6.0% (up from 5.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.공시 • Apr 23ENN Energy Holdings Limited, Annual General Meeting, May 31, 2024ENN Energy Holdings Limited, Annual General Meeting, May 31, 2024, at 10:00 China Standard Time. Location: Habour Room, Level 56, Island Shangri-La Hotel, Two Pacific Place, Supreme Court Road Central Hong Kong Agenda: To receive and consider the audited consolidated financial statements for the year ended 31 December 2023 together with the directors' and independent auditor's reports; to consider and approve the final dividend; to consider and approve the election of Director; to consider and approve the appointment of Deloitte Touche Tohmatsu as the auditor of the Company; and to consider and approve any other matters.Valuation Update With 7 Day Price Move • Apr 11Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €8.15, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Gas Utilities industry in Europe. Total loss to shareholders of 35% over the past three years.New Risk • Apr 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.9% 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 Risk Share price has been highly volatile over the past 3 months (9.9% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Declared Dividend • Mar 25Final dividend of HK$2.31 announcedShareholders will receive a dividend of HK$2.31. Ex-date: 5th June 2024 Payment date: 26th July 2024 Dividend yield will be 33%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is covered by both earnings (44% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 24Full year 2023 earnings released: EPS: CN¥6.05 (vs CN¥5.20 in FY 2022)Full year 2023 results: EPS: CN¥6.05 (up from CN¥5.20 in FY 2022). Revenue: CN¥113.9b (up 3.5% from FY 2022). Net income: CN¥6.82b (up 16% from FY 2022). Profit margin: 6.0% (up from 5.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.공시 • Mar 22ENN Energy Holdings Limited Proposes Dividend for the Year Ended December 31, 2023, Payable on 26 July 2024ENN Energy Holdings Limited proposed a dividend of HKD 2.31 per share for the year ended December 31, 2023. The ex-dividend date is on 05 June 2024 Record date is on 11 June 2024 and the payable date is on 26 July 2024.공시 • Mar 13ENN Energy Holdings Limited to Report Fiscal Year 2023 Results on Mar 22, 2024ENN Energy Holdings Limited announced that they will report fiscal year 2023 results on Mar 22, 2024Valuation Update With 7 Day Price Move • Feb 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €7.05, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Gas Utilities industry in Europe. Total loss to shareholders of 40% over the past three years.Valuation Update With 7 Day Price Move • Jan 26Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €6.90, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Gas Utilities industry in Europe. Total loss to shareholders of 42% over the past three years.공시 • Dec 12+ 2 more updatesENN Energy Holdings Limited Announces Board ChangesENN Energy Holdings Limited announces that Mr. ZHENG Hongtao has decided not to renew his service contract with the Company after its expiry due to his intention to devote more time to his personal commitments and tendered his resignation from the position as an executive director and the Executive Chairman of the Company, and hence ceased to act as the chairman of the risk management committee and a member of the nomination committee of the Board with effect from 12 December 2023. On the same date, due to re-designation of duties, Ms. WU Xiaojing ceased to be an executive director and the Chief Executive Officer of the Company, as well as a member of the risk management committee of the Board. Mr. ZHANG, aged 50, graduated from Renmin University of China in 2003 with an Executive Master's Degree in Business Administration. Prior to joining the Group, he worked in Kaifeng Electromechanical Group and Henan Tongli Electrical Appliances Group. After joining the Group in 2003, he held various important positions in business planning and strategic performance management of the Group, and has in-depth involvement in city-gas business. Mr. ZHANG previously served as the executive director and President of the Company from December 2019 to December 2021. In this role, he was responsible for the day-to-day operational management of the Group's businesses, strategic execution reviews and adjustments, as well as achieving business objectives. Following a job reassignment, he assumed the position of a non-executive director of the Company from December 2021 to January 2023. From December 2021 to December 2023, he also held the position of executive vice president of the Company's controlling shareholder, ENN Group Co. Ltd., and the chairman of the Company's affiliated entity, ENC Digital Technology Co. Ltd. Additionally, from September 2020 to February 2023, he served as a non-executive director of Huzhou Gas Co. Ltd., the Company's associate. Mr. ZHANG possesses acute customer understanding and market insights, and outstanding strategic thinking and execution capabilities. With his practical experience in digital transformation in group companies, the Board believes that he will contribute to the long-term stable growth and excellent operations of the Group. Mr. ZHANG is currently a director and the President of ENN Natural Gas Co., Ltd, the controlling shareholder of the Company. Save as disclosed above, Mr. ZHANG did not hold any directorship in the last three years before his appointment date in any public companies the securities of which are listed on any securities market in Hong Kong or overseas. Mr. JIANG, aged 48, graduated from Wuhan University in 1997 with a Bachelor's degree in Economics. Later in 2009, he obtained a Master's degree in Business Administration for Senior Executives from Xiamen University. Prior to joining group, he held important positions in the treasury and finance departments, as well as served a director of finance company and China Foreign Economy and Trade Trust Co. Ltd. under Sincochem Group from August 1997 to August 2017. In September 2017, he joined a group company of the Company's controlling shareholder as a senior executive, and he also served as a derivatives trading advisor to the Group, assisting in the effective management of the Group's commodity price and foreign exchange risks. He possesses keen risk insights, excellent organisational coordination and analytical decision-making abilities. The Board believes that his extensive experience and unique insights in financial and value-based operational management, investment and financing management, and capital operations in group companies will contribute to better risk management for the Group. Mr. JIANG is currently a director and Joint Chief Executive Officer of ENN-NG, and also a director of Tibet Tourism Co. Ltd., a connected person of the Company.Upcoming Dividend • Oct 26Upcoming dividend of HK$0.64 per share at 4.9% yieldEligible shareholders must have bought the stock before 02 November 2023. Payment date: 29 November 2023. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of German dividend payers (5.1%). In line with average of industry peers (5.3%).Valuation Update With 7 Day Price Move • Sep 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €7.80, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Gas Utilities industry in Europe. Total loss to shareholders of 9.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.57 per share.Reported Earnings • Aug 25First half 2023 earnings released: EPS: CN¥2.95 (vs CN¥2.75 in 1H 2022)First half 2023 results: EPS: CN¥2.95 (up from CN¥2.75 in 1H 2022). Revenue: CN¥54.1b (down 7.2% from 1H 2022). Net income: CN¥3.33b (up 7.4% from 1H 2022). Profit margin: 6.2% (up from 5.3% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 1.0% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per year.공시 • Aug 25+ 1 more updateEnn Energy Holdings Limited Announces Change of Directors, Change in Composition of Board Committees and Change of Authorized RepresentativeENN Energy Holdings Limited announced that with effect from 25 August 2023 approved Ms. Zhang Jin will be appointed as an executive director of the Company, a member of the nomination committee and one of the authorized representatives of the Company; Mr. Jin Yongsheng will cease to be a non-executive director of the Company, a member of the nomination committee and one of the authorized representatives of the Company; Ms. Yien Yu Yu, Catherine will cease to be an independent non-executive director of the Company, and a member of each of the audit committee, the nomination committee, the remuneration committee and the risk management committee; and Ms. Wong Lai, Sarah will be appointed as an independent non-executive director of the Company, and a member of each of the audit committee, the nomination committee, the remuneration committee and the risk management committee. Ms. ZHANG, aged 49, is the Chief Human Resources Officer of the Company. She is responsible for the human resources management and general administration work, etc. She graduated from Renmin University of China with a Bachelor's Degree in Economics and a Master's Degree in Management. Prior to joining the Group in 2016, she served as the Chief Administrative Officer of Shanda Games Limited, the Senior Vice President of Shanda Network Co., Ltd, the Vice President of Human Resources of Shanda Group and the Vice President of Human Resources of Lenovo Group. She has extensive experience in corporate management. She is currently a director of ENN Natural Gas Co. Ltd. ("ENN-NG", a company listed on Shanghai Stock Exchange, stock code: 600803.SH), the controlling shareholder of the Company and a director of ENC Digital Technology Co. Ltd. (a company listed on Shanghai Stock Exchange, stock code: 603869.SH), a connected person of the Company. Save as disclosed above, Ms. ZHANG did not hold any directorship in the last three years in any public companies the securities of which are listed on any securities market in Hong Kong or overseas. Ms. WONG, aged 45, has over 20 years of experience in corporate financing, capital markets, and large-scale IPO, mergers and acquisitions, and placement projects. She is currently a partner of Transpac Capital Limited. She has previously served as the deputy head of the Investment Banking Division and head of Coverage and Financial Sponsors of the group of Guotai Junan International Holdings Limited (a company listed on the Stock Exchange, stock code: 1788) in Hong Kong, head of Financial Sponsor team under Global Coverage Department of BOC International, senior vice president of Fixed Income Division of the Greater China Region of DBS Bank Limited, director of Debt Capital Markets Department of BOC International and senior auditor at PricewaterhouseCoopers. Ms. WONG is a fellow member of the Association of Chartered Certified Accountants. She graduated from London Metropolitan University with an Honours Bachelor's Degree in accounting. She is currently an independent non-executive director of CIMC Enric Holdings Limited (a company listed on the Stock Exchange, stock code: 3899). Save as disclosed above, Ms. WONG did not hold any directorship in the last three years in any public companies the securities of which are listed on any securities market in Hong Kong or overseas.공시 • Aug 16ENN Energy Holdings Limited to Report First Half, 2023 Results on Aug 24, 2023ENN Energy Holdings Limited announced that they will report first half, 2023 results on Aug 24, 2023New Risk • Jul 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (5.3% net profit margin).Valuation Update With 7 Day Price Move • Jul 10Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €9.60, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Gas Utilities industry in Europe. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.23 per share.Buying Opportunity • Jun 19Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 3.0%. The fair value is estimated to be €15.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 8.1%. For the next 3 years, revenue is forecast to grow by 8.3% per annum. Earnings is also forecast to grow by 15% per annum over the same time period.Valuation Update With 7 Day Price Move • Jun 01Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €10.60, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Gas Utilities industry in Europe. Total returns to shareholders of 4.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.43 per share.공시 • May 25ENN Energy Holdings Limited Declares Final Dividend for the Year Ended 31 December 2022ENN Energy Holdings Limited announced that at its annual general meeting held on May 24, 2023, declare a final dividend of HKD 2.27 per share for the year ended 31 December 2022.Upcoming Dividend • May 22Upcoming dividend of HK$2.27 per share at 2.7% yieldEligible shareholders must have bought the stock before 29 May 2023. Payment date: 21 July 2023. Payout ratio is a comfortable 50% and the cash payout ratio is 79%. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.6%).Buying Opportunity • May 18Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be €15.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 8.1%. For the next 3 years, revenue is forecast to grow by 8.3% per annum. Earnings is also forecast to grow by 15% per annum over the same time period.Buying Opportunity • Apr 29Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be €15.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 8.1%. For the next 3 years, revenue is forecast to grow by 8.2% per annum. Earnings is also forecast to grow by 15% per annum over the same time period.Reported Earnings • Mar 25Full year 2022 earnings released: EPS: CN¥5.20 (vs CN¥6.88 in FY 2021)Full year 2022 results: EPS: CN¥5.20 (down from CN¥6.88 in FY 2021). Revenue: CN¥110.1b (up 18% from FY 2021). Net income: CN¥5.87b (down 24% from FY 2021). Profit margin: 5.3% (down from 8.3% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 11% per year.공시 • Jan 17+ 1 more updateENN Energy Holdings Limited Announces Change of Directors and Change in Composition of Board CommitteesThe Boardof ENN Energy Holdings Limited announces that with effect from 16 January 2023: (1) Mr. ZHENG Hongtao has been appointed as Executive Chairman of the Company and a member of the nomination committee, and ceased to be the Vice Chairman of the Company; (2) Ms. WU Xiaojing has been appointed as Chief Executive Officer of the Company, and ceased to be the President of the Company; (3) Mr. LIU Jianfeng has been appointed as an executive director and the President of the Company, as well as a member of the risk management committee. He will continue to act as the Chief Financial Officer of the Company until the Company appoints a new Chief Financial Officer; and (4) Mr. ZHANG Yuying has tendered his resignation from his position as a non-executive director of the Company, and ceased to be a member of the risk management committee. The board (the "Board") of directors (the "Director(s)") of ENN Energy Holdings Limited (the "Company" and together with its subsidiaries, the "Group") announces that, with effect from 16 January 2023, Mr. ZHENG Hongtao ("Mr. ZHENG"), currently the Vice Chairman of the Company, has been appointed as Executive Chairman of the Company and a member of the nomination committee of the Board, and ceased to be the Vice Chairman of the Company. On the same day, Ms. WU Xiaojing ("Ms. WU"), currently the President of the Company, has been appointed as the Chief Executive Officer of the Company, and ceased to be the President of the Company. Mr. ZHENG will be assisting the Chairman of the Board to ensure the effective operation of the Board, establish good corporate governance practices and procedures, and will be responsible for the strategic planning of the Group, especially on the development of the Group's environmental, social and corporate governance strategies. Ms. WU will be responsible for promoting and implementing the strategies and plans established by the Board, monitoring and correcting the implementation of strategies, as well as ensuring the acquisition of key resources and capabilities of the Group.Valuation Update With 7 Day Price Move • Jan 09Investor sentiment improved over the past weekAfter last week's 16% share price gain to €14.46, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Gas Utilities industry in Europe. Total returns to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.08 per share.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Catherine Yien was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Nov 01Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €9.80, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Gas Utilities industry in Europe. Total returns to shareholders of 5.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €14.69 per share.Upcoming Dividend • Oct 27Upcoming dividend of HK$0.64 per shareEligible shareholders must have bought the stock before 03 November 2022. Payment date: 30 November 2022. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (5.1%).Recent Insider Transactions • Sep 18Executive Vice Chairman recently sold €56k worth of stockOn the 15th of September, Hongtao Zheng sold around 4k shares on-market at roughly €13.88 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Hongtao has been a net seller over the last 12 months, reducing personal holdings by €16k.Valuation Update With 7 Day Price Move • Aug 29Investor sentiment improved over the past weekAfter last week's 15% share price gain to €14.81, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Gas Utilities industry in Europe. Total returns to shareholders of 63% over the past three years.Reported Earnings • Aug 20First half 2022 earnings released: EPS: CN¥2.75 (vs CN¥3.34 in 1H 2021)First half 2022 results: EPS: CN¥2.75 (down from CN¥3.34 in 1H 2021). Revenue: CN¥58.3b (up 42% from 1H 2021). Net income: CN¥3.10b (down 18% from 1H 2021). Profit margin: 5.3% (down from 9.1% in 1H 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 4.1% compared to a 15% decline forecast for the Gas Utilities industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 15% per year.Upcoming Dividend • May 16Upcoming dividend of HK$2.11 per shareEligible shareholders must have bought the stock before 23 May 2022. Payment date: 22 July 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (5.2%).Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Catherine Yien was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 19Full year 2021 earnings: Revenues exceed analyst expectationsFull year 2021 results: Revenue: CN¥93.1b (up 30% from FY 2020). Net income: CN¥7.76b (up 24% from FY 2020). Profit margin: 8.3% (down from 8.8% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 11% compared to a 4.9% decline forecast for the industry in Germany.Recent Insider Transactions • Dec 26Non Executive Director recently sold €168k worth of stockOn the 21st of December, Yongsheng Jin sold around 10k shares on-market at roughly €16.83 per share. In the last 3 months, there was an even bigger sale from another insider worth €542k. Insiders have been net sellers, collectively disposing of €4.5m more than they bought in the last 12 months.Recent Insider Transactions • Nov 27Independent Non-Executive Director recently sold €542k worth of stockOn the 24th of November, Yu Yu Yien sold around 30k shares on-market at roughly €18.05 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.5m more than they bought in the last 12 months.Valuation Update With 7 Day Price Move • Nov 26Investor sentiment improved over the past weekAfter last week's 16% share price gain to €18.10, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 14x in the Gas Utilities industry in Europe. Total returns to shareholders of 144% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €34.68 per share.Valuation Update With 7 Day Price Move • Oct 30Investor sentiment improved over the past weekAfter last week's 16% share price gain to €14.70, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Gas Utilities industry in Europe. Total returns to shareholders of 109% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €28.04 per share.Upcoming Dividend • Oct 28Upcoming dividend of HK$0.59 per shareEligible shareholders must have bought the stock before 04 November 2021. Payment date: 30 November 2021. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (6.0%).Reported Earnings • Aug 25First half 2021 earnings released: EPS CN¥3.34 (vs CN¥2.40 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CN¥41.2b (up 31% from 1H 2020). Net income: CN¥3.77b (up 40% from 1H 2020). Profit margin: 9.1% (up from 8.5% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 25% per year.Recent Insider Transactions • Aug 25Chief Strategy Officer recently bought €154k worth of stockOn the 24th of August, Yuying Zhang bought around 10k shares on-market at roughly €15.38 per share. This was the largest purchase by an insider in the last 3 months. This was Yuying's only on-market trade for the last 12 months.Upcoming Dividend • May 06Upcoming dividend of HK$2.42 per shareEligible shareholders must have bought the stock before 13 May 2021. Payment date: 23 July 2021. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (6.1%).Reported Earnings • Apr 07Full year 2020 earnings released: EPS CN¥5.59 (vs CN¥5.05 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥71.6b (up 2.0% from FY 2019). Net income: CN¥6.28b (up 11% from FY 2019). Profit margin: 8.8% (up from 8.1% 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 28% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 24Full year 2020 earnings released: EPS CN¥5.59 (vs CN¥5.05 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥71.6b (up 2.0% from FY 2019). Net income: CN¥6.28b (up 11% from FY 2019). Profit margin: 8.8% (up from 8.1% 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 28% per year whereas the company’s share price has increased by 26% per year.Is New 90 Day High Low • Feb 06New 90-day high: €14.00The company is up 28% from its price of €10.90 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.79 per share.Recent Insider Transactions • Jan 22Co-Founder & Executive Chairman recently sold €3.8m worth of stockOn the 15th of January, Yusuo Wang sold around 290k shares on-market at roughly €13.00 per share. This was the largest sale by an insider in the last 3 months. Yusuo has been a seller over the last 12 months, reducing personal holdings by €1.5m.Is New 90 Day High Low • Dec 30New 90-day high: €11.70The company is up 29% from its price of €9.10 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €18.01 per share.Recent Insider Transactions • Dec 18Executive Director recently sold €349k worth of stockOn the 16th of December, Dongzhi Wang sold around 30k shares on-market at roughly €11.64 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €2.0m more than they sold in the last 12 months.Is New 90 Day High Low • Oct 30New 90-day high: €10.90The company is up 8.0% from its price of €10.10 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €18.48 per share.Is New 90 Day High Low • Oct 13New 90-day low: €8.75The company is down 15% from its price of €10.30 on 15 July 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €17.09 per share.Recent Insider Transactions • Sep 25Executive Director recently bought €46k worth of stockOn the 17th of September, Dongzhi Wang bought around 5k shares on-market at roughly €9.19 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €2.4m more in shares than they have sold in the last 12 months.Recent Insider Transactions • Sep 20Executive Director recently bought €46k worth of stockOn the 17th of September, Dongzhi Wang bought around 5k shares on-market at roughly €9.19 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €2.4m more in shares than they have sold in the last 12 months.이익 및 매출 성장 예측DB:XGH - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2028118,8396,6284,52410,8821212/31/2027116,5686,3814,86210,6261412/31/2026113,9226,1564,36510,1561412/31/2025111,9055,9043,38210,433N/A9/30/2025111,4225,8742,88110,053N/A6/30/2025110,9395,8432,3809,673N/A3/31/2025110,3965,9152,9949,984N/A12/31/2024109,8535,9873,60810,294N/A9/30/2024112,0946,0223,1209,585N/A6/30/2024114,3346,0562,6318,875N/A3/31/2024114,0966,4362,7379,244N/A12/31/2023113,8586,8162,8439,612N/A9/30/2023109,8446,4563,27710,285N/A6/30/2023105,8306,0953,71110,958N/A3/31/2023107,9415,9813,53910,530N/A12/31/2022110,0515,8673,36610,102N/A9/30/2022110,1326,4813,0429,621N/A6/30/2022110,2137,0952,7179,139N/A3/31/2022101,6637,4253,4479,803N/A12/31/202193,1137,7554,17610,466N/A9/30/202187,2107,5534,62210,712N/A6/30/202181,3067,3505,06710,957N/A3/31/202176,4626,8144,59410,327N/A12/31/202071,6176,2784,1209,696N/A9/30/202069,0005,6403,99810,153N/A6/30/202066,3825,0013,87610,609N/A3/31/202068,2835,3364,12811,150N/A12/31/201970,1835,6704,37911,690N/A9/30/201969,8485,034N/A11,185N/A6/30/201969,5124,398N/A10,679N/A3/31/201965,1053,608N/A9,487N/A12/31/201860,6982,818N/A8,294N/A9/30/201857,0372,877N/A7,418N/A6/30/201853,3752,935N/A6,541N/A3/31/201850,8222,869N/A6,317N/A12/31/201748,2692,802N/A6,093N/A9/30/201744,0792,508N/A5,581N/A6/30/201739,8882,213N/A5,068N/A3/31/201736,9962,182N/A5,217N/A12/31/201634,1032,151N/A5,366N/A9/30/201632,9592,274N/A5,371N/A6/30/201631,8152,396N/A5,375N/A3/31/201631,9392,216N/A5,046N/A12/31/201532,0632,036N/A4,716N/A9/30/201531,3432,509N/A4,660N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: XGH 의 연간 예상 수익 증가율(5.2%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: XGH 의 연간 수익(5.2%)이 German 시장(16.9%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: XGH 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: XGH 의 수익(연간 3%)이 German 시장(연간 6.7%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: XGH 의 수익(연간 3%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: XGH의 자본 수익률은 3년 후 11.5%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YUtilities 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/12 15:43종가2026/07/10 00:00수익2025/12/31연간 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 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 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 소스ENN Energy Holdings Limited는 39명의 분석가가 다루고 있습니다. 이 중 14명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Ying LouBarclaysNEIL BEVERIDGEBernsteinGary TsangBofA Global Research36명의 분석가 더 보기
Valuation Update With 7 Day Price Move • Jun 16Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €4.77, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 15x in the Gas Utilities industry in Europe. Total loss to shareholders of 53% over the past three years.
Declared Dividend • May 20Final dividend of HK$2.35 announcedShareholders will receive a dividend of HK$2.35. Ex-date: 1st June 2026 Payment date: 31st July 2026 Dividend yield will be 38%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (85% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Board Change • May 20Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Sarah Wong was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
공시 • Mar 27ENN Energy Holdings Limited, Annual General Meeting, May 27, 2026ENN Energy Holdings Limited, Annual General Meeting, May 27, 2026.
공시 • Mar 13ENN Energy Holdings Limited to Report Fiscal Year 2025 Results on Mar 27, 2026ENN Energy Holdings Limited announced that they will report fiscal year 2025 results on Mar 27, 2026
공시 • Aug 12ENN Energy Holdings Limited to Report First Half, 2025 Results on Aug 27, 2025ENN Energy Holdings Limited announced that they will report first half, 2025 results on Aug 27, 2025
공시 • May 23ENN Energy Holdings Limited Approves Final Dividend for the Year Ended 31 December 2024ENN Energy Holdings Limited, at its Annual General Meeting Held on 23 May 2025, approved a final dividend of HKD 2.35 per share for the year ended 31 December 2024.
공시 • Mar 27+ 1 more updateXinneng (Hong Kong) Energy Investment Limited agreed to acquire remaining 65.72% stake in ENN Energy Holdings Limited (SEHK:2688) for HKD 59.6 billion.Xinneng (Hong Kong) Energy Investment Limited agreed to acquire remaining 65.72% stake in ENN Energy Holdings Limited (SEHK:2688) for HKD 59.6 billion on March 18, 2025. The consideration consists of 2.9427 ENN Natural Gas H (ENN-NG H) Shares for each ENN Energy Holdings shares and Cash Consideration of HKD 24.50 per share. The Offeror intends to finance the payment of the Cash Consideration under the Scheme and ENN Share Option Offer Price by its internal cash resources and external debt facilities. Upon completion of transaction, listing of ENN Energy Holdings Limited on the Hong Kong Stock Exchange will be withdrawn, ENN-NG H Shares will be listed on the Hong Kong Stock Exchange, Scheme Shareholders will receive the Cash Consideration, Scheme Shareholders (except for Non-Qualifying Overseas Shareholders) will become holders of ENN-NG H Shares and the privatized ENN will become an indirectly wholly-owned subsidiary of ENN-NG. The transaction is subject to approval by the ENN Shareholders, court approval and all necessary Approvals in connection with the Proposal and the implementation of the Proposal having been obtained from the Relevant Authorities. Upon completion, Xinneng (Hong Kong) Energy Investment Limited will own 100% stake in ENN Energy Holdings Limited. The transaction is expected to complete on March 13, 2026. China International Capital Corporation Hong Kong Securities Limited acted as financial advisor to Xinneng (Hong Kong) Energy Investment Limited.
공시 • Mar 26+ 1 more updateENN Energy Holdings Limited, Annual General Meeting, May 23, 2025ENN Energy Holdings Limited, Annual General Meeting, May 23, 2025.
공시 • Mar 14ENN Energy Holdings Limited to Report Fiscal Year 2024 Results on Mar 26, 2025ENN Energy Holdings Limited announced that they will report fiscal year 2024 results on Mar 26, 2025
공시 • Feb 25ENN Energy Holdings Limited Announces Executive ChangesThe board of directors of ENN Energy Holdings Limited announced that Mr. GONG Luojian ("Mr. GONG") and Ms. SU Li ("Ms. SU") have been appointed as executive directors of the Company, with Mr. GONG also serving as the President of the Company, and they also serve as members of the risk management committee of the Board with effect from 25 February 2025. On the same date, Mr. LIU Jianfeng ("Mr. LIU") ceased to be an executive director and the President of the Company due to his desire to spend more time with family and Mr. JIANG Chenghong ("Mr. JIANG") ceased to be an executive director of the Company due to job re-designation, and they also ceased to be members of the risk management committee of the Board. Mr. LIU and Mr. JIANG have confirmed that they have no disagreements with the Board and that there are no matters relating to their resignations that eed to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. Mr. GONG, aged 53, holds a Master of Business Administration (MBA) from Nankai University and an Executive Master of Business Administration (EMBA) from Guanghua School of Management, Peking University. After joining the Group in 2007, he served various managerial positions, including marketing director and general manager of member companies. Due to his outstanding performance, he was subsequently promoted to regional general manager, overseeing business operations in the Yuwan and Jiangsu regions. From January 2024 to February 2025, he served as the Senior Vice President of the Company, continuing to be responsible for the Jiangsu region's business while also overseeing the overall development and customer service of the Group's value added business. Mr. GONG has accumulated over 16 years of extensive experience in energy enterprise operations and market expansion. In his previous roles, he demonstrated exceptional leadership, strategic vision, and execution capabilities. His innovative thinking, customer orientation, and strategic perspective are of significant importance for the Company's future development and market competitiveness. Prior to joining the Group, Mr. GONG took senior positions at Jiangsu Taizhou Chunlan E- business Co. Ltd. and Jiangsu Chunlan Automobile Co. Ltd., where he was responsible for the promotional and marketing affairs. Ms. SU, aged 52, graduated from Shanghai Jiao Tong University in China, where she holds an Executive Master of Business Administration (EMBA). She joined the Group in 2002 and has served general manager positions at various member companies. Due to her outstanding performance, she was subsequently promoted to regional general manager, actively implementing the Group's development goals over the years. Ms. SU served as the Senior Vice President of the Company from February 2018 to February 2025, overseeing marketing and sales, industrial park, and business development for the Zhejiang and Shanghai provincial companies. She possesses extensive experience in energy enterprise operations and market expansion. With her keen insights into customer needs and exceptional market analysis abilities, she can accurately grasp industry trends and identifies market opportunities. The Board firmly believes that Ms. SU's exceptional industrial vision and strong execution capability will push forward the Group's long-term stable growth. Ms. SU is currently the executive vice president of ENN-NG, the controlling shareholder of the Company, and has previously served as the director of Huzhou Gas Co. Ltd.
Upcoming Dividend • Oct 25Upcoming dividend of HK$0.65 per shareEligible shareholders must have bought the stock before 01 November 2024. Payment date: 29 November 2024. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.6%).
Recent Insider Transactions • Oct 14CFO & Executive Director recently bought €73k worth of stockOn the 8th of October, Dongzhi Wang bought around 11k shares on-market at roughly €6.61 per share. This transaction amounted to 74% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Dongzhi has been a buyer over the last 12 months, purchasing a net total of €176k worth in shares.
Valuation Update With 7 Day Price Move • Oct 09Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €6.20, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Gas Utilities industry in Europe. Total loss to shareholders of 46% over the past three years.
Valuation Update With 7 Day Price Move • Sep 24Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €6.35, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Gas Utilities industry in Europe. Total loss to shareholders of 48% over the past three years.
Declared Dividend • Aug 26First half dividend of HK$0.65 announcedShareholders will receive a dividend of HK$0.65. Ex-date: 1st November 2024 Payment date: 29th November 2024 Dividend yield will be 16%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but not covered by cash flows (106% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 26First half 2024 earnings released: EPS: CN¥2.29 (vs CN¥2.95 in 1H 2023)First half 2024 results: EPS: CN¥2.29 (down from CN¥2.95 in 1H 2023). Revenue: CN¥54.6b (flat on 1H 2023). Net income: CN¥2.57b (down 23% from 1H 2023). Profit margin: 4.7% (down from 6.2% in 1H 2023). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings.
공시 • Aug 23ENN Energy Holdings Limited Announces Interim Dividend for the Year Ending December 31, 2024, Payable on November 29, 2024ENN Energy Holdings Limited announced interim dividend of HKD 0.65 per share for the year ending December 31, 2024. Ex-dividend date is November 1, 2024. Record date is November 5, 2024. Payment date is November 29, 2024.
공시 • Aug 12ENN Energy Holdings Limited to Report Q2, 2024 Results on Aug 23, 2024ENN Energy Holdings Limited announced that they will report Q2, 2024 results on Aug 23, 2024
공시 • May 31ENN Energy Holdings Limited Declares Final Dividend for the Year Ended 31 December 2023ENN Energy Holdings Limited at its Annual General Meeting Held on 31 May 2024, declared a final dividend of HKD 2.31 per share for the year ended 31 December 2023.
Upcoming Dividend • May 29Upcoming dividend of HK$2.31 per shareEligible shareholders must have bought the stock before 05 June 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 44% but the company is paying out more than the cash it is generating. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (6.5%).
Valuation Update With 7 Day Price Move • May 10Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €9.55, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Gas Utilities industry in Europe. Total loss to shareholders of 30% over the past three years.
Reported Earnings • Apr 23Full year 2023 earnings released: EPS: CN¥6.05 (vs CN¥5.20 in FY 2022)Full year 2023 results: EPS: CN¥6.05 (up from CN¥5.20 in FY 2022). Revenue: CN¥113.9b (up 3.5% from FY 2022). Net income: CN¥6.82b (up 16% from FY 2022). Profit margin: 6.0% (up from 5.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.
공시 • Apr 23ENN Energy Holdings Limited, Annual General Meeting, May 31, 2024ENN Energy Holdings Limited, Annual General Meeting, May 31, 2024, at 10:00 China Standard Time. Location: Habour Room, Level 56, Island Shangri-La Hotel, Two Pacific Place, Supreme Court Road Central Hong Kong Agenda: To receive and consider the audited consolidated financial statements for the year ended 31 December 2023 together with the directors' and independent auditor's reports; to consider and approve the final dividend; to consider and approve the election of Director; to consider and approve the appointment of Deloitte Touche Tohmatsu as the auditor of the Company; and to consider and approve any other matters.
Valuation Update With 7 Day Price Move • Apr 11Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €8.15, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Gas Utilities industry in Europe. Total loss to shareholders of 35% over the past three years.
New Risk • Apr 07New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.9% 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 Risk Share price has been highly volatile over the past 3 months (9.9% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Declared Dividend • Mar 25Final dividend of HK$2.31 announcedShareholders will receive a dividend of HK$2.31. Ex-date: 5th June 2024 Payment date: 26th July 2024 Dividend yield will be 33%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is covered by both earnings (44% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 24Full year 2023 earnings released: EPS: CN¥6.05 (vs CN¥5.20 in FY 2022)Full year 2023 results: EPS: CN¥6.05 (up from CN¥5.20 in FY 2022). Revenue: CN¥113.9b (up 3.5% from FY 2022). Net income: CN¥6.82b (up 16% from FY 2022). Profit margin: 6.0% (up from 5.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings.
공시 • Mar 22ENN Energy Holdings Limited Proposes Dividend for the Year Ended December 31, 2023, Payable on 26 July 2024ENN Energy Holdings Limited proposed a dividend of HKD 2.31 per share for the year ended December 31, 2023. The ex-dividend date is on 05 June 2024 Record date is on 11 June 2024 and the payable date is on 26 July 2024.
공시 • Mar 13ENN Energy Holdings Limited to Report Fiscal Year 2023 Results on Mar 22, 2024ENN Energy Holdings Limited announced that they will report fiscal year 2023 results on Mar 22, 2024
Valuation Update With 7 Day Price Move • Feb 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €7.05, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Gas Utilities industry in Europe. Total loss to shareholders of 40% over the past three years.
Valuation Update With 7 Day Price Move • Jan 26Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €6.90, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Gas Utilities industry in Europe. Total loss to shareholders of 42% over the past three years.
공시 • Dec 12+ 2 more updatesENN Energy Holdings Limited Announces Board ChangesENN Energy Holdings Limited announces that Mr. ZHENG Hongtao has decided not to renew his service contract with the Company after its expiry due to his intention to devote more time to his personal commitments and tendered his resignation from the position as an executive director and the Executive Chairman of the Company, and hence ceased to act as the chairman of the risk management committee and a member of the nomination committee of the Board with effect from 12 December 2023. On the same date, due to re-designation of duties, Ms. WU Xiaojing ceased to be an executive director and the Chief Executive Officer of the Company, as well as a member of the risk management committee of the Board. Mr. ZHANG, aged 50, graduated from Renmin University of China in 2003 with an Executive Master's Degree in Business Administration. Prior to joining the Group, he worked in Kaifeng Electromechanical Group and Henan Tongli Electrical Appliances Group. After joining the Group in 2003, he held various important positions in business planning and strategic performance management of the Group, and has in-depth involvement in city-gas business. Mr. ZHANG previously served as the executive director and President of the Company from December 2019 to December 2021. In this role, he was responsible for the day-to-day operational management of the Group's businesses, strategic execution reviews and adjustments, as well as achieving business objectives. Following a job reassignment, he assumed the position of a non-executive director of the Company from December 2021 to January 2023. From December 2021 to December 2023, he also held the position of executive vice president of the Company's controlling shareholder, ENN Group Co. Ltd., and the chairman of the Company's affiliated entity, ENC Digital Technology Co. Ltd. Additionally, from September 2020 to February 2023, he served as a non-executive director of Huzhou Gas Co. Ltd., the Company's associate. Mr. ZHANG possesses acute customer understanding and market insights, and outstanding strategic thinking and execution capabilities. With his practical experience in digital transformation in group companies, the Board believes that he will contribute to the long-term stable growth and excellent operations of the Group. Mr. ZHANG is currently a director and the President of ENN Natural Gas Co., Ltd, the controlling shareholder of the Company. Save as disclosed above, Mr. ZHANG did not hold any directorship in the last three years before his appointment date in any public companies the securities of which are listed on any securities market in Hong Kong or overseas. Mr. JIANG, aged 48, graduated from Wuhan University in 1997 with a Bachelor's degree in Economics. Later in 2009, he obtained a Master's degree in Business Administration for Senior Executives from Xiamen University. Prior to joining group, he held important positions in the treasury and finance departments, as well as served a director of finance company and China Foreign Economy and Trade Trust Co. Ltd. under Sincochem Group from August 1997 to August 2017. In September 2017, he joined a group company of the Company's controlling shareholder as a senior executive, and he also served as a derivatives trading advisor to the Group, assisting in the effective management of the Group's commodity price and foreign exchange risks. He possesses keen risk insights, excellent organisational coordination and analytical decision-making abilities. The Board believes that his extensive experience and unique insights in financial and value-based operational management, investment and financing management, and capital operations in group companies will contribute to better risk management for the Group. Mr. JIANG is currently a director and Joint Chief Executive Officer of ENN-NG, and also a director of Tibet Tourism Co. Ltd., a connected person of the Company.
Upcoming Dividend • Oct 26Upcoming dividend of HK$0.64 per share at 4.9% yieldEligible shareholders must have bought the stock before 02 November 2023. Payment date: 29 November 2023. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 4.9%. Lower than top quartile of German dividend payers (5.1%). In line with average of industry peers (5.3%).
Valuation Update With 7 Day Price Move • Sep 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €7.80, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Gas Utilities industry in Europe. Total loss to shareholders of 9.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.57 per share.
Reported Earnings • Aug 25First half 2023 earnings released: EPS: CN¥2.95 (vs CN¥2.75 in 1H 2022)First half 2023 results: EPS: CN¥2.95 (up from CN¥2.75 in 1H 2022). Revenue: CN¥54.1b (down 7.2% from 1H 2022). Net income: CN¥3.33b (up 7.4% from 1H 2022). Profit margin: 6.2% (up from 5.3% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 1.0% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per year.
공시 • Aug 25+ 1 more updateEnn Energy Holdings Limited Announces Change of Directors, Change in Composition of Board Committees and Change of Authorized RepresentativeENN Energy Holdings Limited announced that with effect from 25 August 2023 approved Ms. Zhang Jin will be appointed as an executive director of the Company, a member of the nomination committee and one of the authorized representatives of the Company; Mr. Jin Yongsheng will cease to be a non-executive director of the Company, a member of the nomination committee and one of the authorized representatives of the Company; Ms. Yien Yu Yu, Catherine will cease to be an independent non-executive director of the Company, and a member of each of the audit committee, the nomination committee, the remuneration committee and the risk management committee; and Ms. Wong Lai, Sarah will be appointed as an independent non-executive director of the Company, and a member of each of the audit committee, the nomination committee, the remuneration committee and the risk management committee. Ms. ZHANG, aged 49, is the Chief Human Resources Officer of the Company. She is responsible for the human resources management and general administration work, etc. She graduated from Renmin University of China with a Bachelor's Degree in Economics and a Master's Degree in Management. Prior to joining the Group in 2016, she served as the Chief Administrative Officer of Shanda Games Limited, the Senior Vice President of Shanda Network Co., Ltd, the Vice President of Human Resources of Shanda Group and the Vice President of Human Resources of Lenovo Group. She has extensive experience in corporate management. She is currently a director of ENN Natural Gas Co. Ltd. ("ENN-NG", a company listed on Shanghai Stock Exchange, stock code: 600803.SH), the controlling shareholder of the Company and a director of ENC Digital Technology Co. Ltd. (a company listed on Shanghai Stock Exchange, stock code: 603869.SH), a connected person of the Company. Save as disclosed above, Ms. ZHANG did not hold any directorship in the last three years in any public companies the securities of which are listed on any securities market in Hong Kong or overseas. Ms. WONG, aged 45, has over 20 years of experience in corporate financing, capital markets, and large-scale IPO, mergers and acquisitions, and placement projects. She is currently a partner of Transpac Capital Limited. She has previously served as the deputy head of the Investment Banking Division and head of Coverage and Financial Sponsors of the group of Guotai Junan International Holdings Limited (a company listed on the Stock Exchange, stock code: 1788) in Hong Kong, head of Financial Sponsor team under Global Coverage Department of BOC International, senior vice president of Fixed Income Division of the Greater China Region of DBS Bank Limited, director of Debt Capital Markets Department of BOC International and senior auditor at PricewaterhouseCoopers. Ms. WONG is a fellow member of the Association of Chartered Certified Accountants. She graduated from London Metropolitan University with an Honours Bachelor's Degree in accounting. She is currently an independent non-executive director of CIMC Enric Holdings Limited (a company listed on the Stock Exchange, stock code: 3899). Save as disclosed above, Ms. WONG did not hold any directorship in the last three years in any public companies the securities of which are listed on any securities market in Hong Kong or overseas.
공시 • Aug 16ENN Energy Holdings Limited to Report First Half, 2023 Results on Aug 24, 2023ENN Energy Holdings Limited announced that they will report first half, 2023 results on Aug 24, 2023
New Risk • Jul 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (5.3% net profit margin).
Valuation Update With 7 Day Price Move • Jul 10Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €9.60, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Gas Utilities industry in Europe. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.23 per share.
Buying Opportunity • Jun 19Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 3.0%. The fair value is estimated to be €15.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 8.1%. For the next 3 years, revenue is forecast to grow by 8.3% per annum. Earnings is also forecast to grow by 15% per annum over the same time period.
Valuation Update With 7 Day Price Move • Jun 01Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €10.60, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Gas Utilities industry in Europe. Total returns to shareholders of 4.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.43 per share.
공시 • May 25ENN Energy Holdings Limited Declares Final Dividend for the Year Ended 31 December 2022ENN Energy Holdings Limited announced that at its annual general meeting held on May 24, 2023, declare a final dividend of HKD 2.27 per share for the year ended 31 December 2022.
Upcoming Dividend • May 22Upcoming dividend of HK$2.27 per share at 2.7% yieldEligible shareholders must have bought the stock before 29 May 2023. Payment date: 21 July 2023. Payout ratio is a comfortable 50% and the cash payout ratio is 79%. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.6%).
Buying Opportunity • May 18Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be €15.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 8.1%. For the next 3 years, revenue is forecast to grow by 8.3% per annum. Earnings is also forecast to grow by 15% per annum over the same time period.
Buying Opportunity • Apr 29Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be €15.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 8.1%. For the next 3 years, revenue is forecast to grow by 8.2% per annum. Earnings is also forecast to grow by 15% per annum over the same time period.
Reported Earnings • Mar 25Full year 2022 earnings released: EPS: CN¥5.20 (vs CN¥6.88 in FY 2021)Full year 2022 results: EPS: CN¥5.20 (down from CN¥6.88 in FY 2021). Revenue: CN¥110.1b (up 18% from FY 2021). Net income: CN¥5.87b (down 24% from FY 2021). Profit margin: 5.3% (down from 8.3% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 11% per year.
공시 • Jan 17+ 1 more updateENN Energy Holdings Limited Announces Change of Directors and Change in Composition of Board CommitteesThe Boardof ENN Energy Holdings Limited announces that with effect from 16 January 2023: (1) Mr. ZHENG Hongtao has been appointed as Executive Chairman of the Company and a member of the nomination committee, and ceased to be the Vice Chairman of the Company; (2) Ms. WU Xiaojing has been appointed as Chief Executive Officer of the Company, and ceased to be the President of the Company; (3) Mr. LIU Jianfeng has been appointed as an executive director and the President of the Company, as well as a member of the risk management committee. He will continue to act as the Chief Financial Officer of the Company until the Company appoints a new Chief Financial Officer; and (4) Mr. ZHANG Yuying has tendered his resignation from his position as a non-executive director of the Company, and ceased to be a member of the risk management committee. The board (the "Board") of directors (the "Director(s)") of ENN Energy Holdings Limited (the "Company" and together with its subsidiaries, the "Group") announces that, with effect from 16 January 2023, Mr. ZHENG Hongtao ("Mr. ZHENG"), currently the Vice Chairman of the Company, has been appointed as Executive Chairman of the Company and a member of the nomination committee of the Board, and ceased to be the Vice Chairman of the Company. On the same day, Ms. WU Xiaojing ("Ms. WU"), currently the President of the Company, has been appointed as the Chief Executive Officer of the Company, and ceased to be the President of the Company. Mr. ZHENG will be assisting the Chairman of the Board to ensure the effective operation of the Board, establish good corporate governance practices and procedures, and will be responsible for the strategic planning of the Group, especially on the development of the Group's environmental, social and corporate governance strategies. Ms. WU will be responsible for promoting and implementing the strategies and plans established by the Board, monitoring and correcting the implementation of strategies, as well as ensuring the acquisition of key resources and capabilities of the Group.
Valuation Update With 7 Day Price Move • Jan 09Investor sentiment improved over the past weekAfter last week's 16% share price gain to €14.46, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Gas Utilities industry in Europe. Total returns to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.08 per share.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Catherine Yien was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Nov 01Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €9.80, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Gas Utilities industry in Europe. Total returns to shareholders of 5.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €14.69 per share.
Upcoming Dividend • Oct 27Upcoming dividend of HK$0.64 per shareEligible shareholders must have bought the stock before 03 November 2022. Payment date: 30 November 2022. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (5.1%).
Recent Insider Transactions • Sep 18Executive Vice Chairman recently sold €56k worth of stockOn the 15th of September, Hongtao Zheng sold around 4k shares on-market at roughly €13.88 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Hongtao has been a net seller over the last 12 months, reducing personal holdings by €16k.
Valuation Update With 7 Day Price Move • Aug 29Investor sentiment improved over the past weekAfter last week's 15% share price gain to €14.81, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Gas Utilities industry in Europe. Total returns to shareholders of 63% over the past three years.
Reported Earnings • Aug 20First half 2022 earnings released: EPS: CN¥2.75 (vs CN¥3.34 in 1H 2021)First half 2022 results: EPS: CN¥2.75 (down from CN¥3.34 in 1H 2021). Revenue: CN¥58.3b (up 42% from 1H 2021). Net income: CN¥3.10b (down 18% from 1H 2021). Profit margin: 5.3% (down from 9.1% in 1H 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 4.1% compared to a 15% decline forecast for the Gas Utilities industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 15% per year.
Upcoming Dividend • May 16Upcoming dividend of HK$2.11 per shareEligible shareholders must have bought the stock before 23 May 2022. Payment date: 22 July 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (5.2%).
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Catherine Yien was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 19Full year 2021 earnings: Revenues exceed analyst expectationsFull year 2021 results: Revenue: CN¥93.1b (up 30% from FY 2020). Net income: CN¥7.76b (up 24% from FY 2020). Profit margin: 8.3% (down from 8.8% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 11% compared to a 4.9% decline forecast for the industry in Germany.
Recent Insider Transactions • Dec 26Non Executive Director recently sold €168k worth of stockOn the 21st of December, Yongsheng Jin sold around 10k shares on-market at roughly €16.83 per share. In the last 3 months, there was an even bigger sale from another insider worth €542k. Insiders have been net sellers, collectively disposing of €4.5m more than they bought in the last 12 months.
Recent Insider Transactions • Nov 27Independent Non-Executive Director recently sold €542k worth of stockOn the 24th of November, Yu Yu Yien sold around 30k shares on-market at roughly €18.05 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.5m more than they bought in the last 12 months.
Valuation Update With 7 Day Price Move • Nov 26Investor sentiment improved over the past weekAfter last week's 16% share price gain to €18.10, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 14x in the Gas Utilities industry in Europe. Total returns to shareholders of 144% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €34.68 per share.
Valuation Update With 7 Day Price Move • Oct 30Investor sentiment improved over the past weekAfter last week's 16% share price gain to €14.70, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Gas Utilities industry in Europe. Total returns to shareholders of 109% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €28.04 per share.
Upcoming Dividend • Oct 28Upcoming dividend of HK$0.59 per shareEligible shareholders must have bought the stock before 04 November 2021. Payment date: 30 November 2021. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (6.0%).
Reported Earnings • Aug 25First half 2021 earnings released: EPS CN¥3.34 (vs CN¥2.40 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CN¥41.2b (up 31% from 1H 2020). Net income: CN¥3.77b (up 40% from 1H 2020). Profit margin: 9.1% (up from 8.5% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 25% per year.
Recent Insider Transactions • Aug 25Chief Strategy Officer recently bought €154k worth of stockOn the 24th of August, Yuying Zhang bought around 10k shares on-market at roughly €15.38 per share. This was the largest purchase by an insider in the last 3 months. This was Yuying's only on-market trade for the last 12 months.
Upcoming Dividend • May 06Upcoming dividend of HK$2.42 per shareEligible shareholders must have bought the stock before 13 May 2021. Payment date: 23 July 2021. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (6.1%).
Reported Earnings • Apr 07Full year 2020 earnings released: EPS CN¥5.59 (vs CN¥5.05 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥71.6b (up 2.0% from FY 2019). Net income: CN¥6.28b (up 11% from FY 2019). Profit margin: 8.8% (up from 8.1% 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 28% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 24Full year 2020 earnings released: EPS CN¥5.59 (vs CN¥5.05 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥71.6b (up 2.0% from FY 2019). Net income: CN¥6.28b (up 11% from FY 2019). Profit margin: 8.8% (up from 8.1% 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 28% per year whereas the company’s share price has increased by 26% per year.
Is New 90 Day High Low • Feb 06New 90-day high: €14.00The company is up 28% from its price of €10.90 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.79 per share.
Recent Insider Transactions • Jan 22Co-Founder & Executive Chairman recently sold €3.8m worth of stockOn the 15th of January, Yusuo Wang sold around 290k shares on-market at roughly €13.00 per share. This was the largest sale by an insider in the last 3 months. Yusuo has been a seller over the last 12 months, reducing personal holdings by €1.5m.
Is New 90 Day High Low • Dec 30New 90-day high: €11.70The company is up 29% from its price of €9.10 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €18.01 per share.
Recent Insider Transactions • Dec 18Executive Director recently sold €349k worth of stockOn the 16th of December, Dongzhi Wang sold around 30k shares on-market at roughly €11.64 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €2.0m more than they sold in the last 12 months.
Is New 90 Day High Low • Oct 30New 90-day high: €10.90The company is up 8.0% from its price of €10.10 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €18.48 per share.
Is New 90 Day High Low • Oct 13New 90-day low: €8.75The company is down 15% from its price of €10.30 on 15 July 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €17.09 per share.
Recent Insider Transactions • Sep 25Executive Director recently bought €46k worth of stockOn the 17th of September, Dongzhi Wang bought around 5k shares on-market at roughly €9.19 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €2.4m more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Sep 20Executive Director recently bought €46k worth of stockOn the 17th of September, Dongzhi Wang bought around 5k shares on-market at roughly €9.19 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €2.4m more in shares than they have sold in the last 12 months.