Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥11.76, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 21x in the Renewable Energy industry in China. Total returns to shareholders of 46% over the past three years. Buy Or Sell Opportunity • Jul 20
Now 23% overvalued Over the last 90 days, the stock has fallen 19% to CN¥10.70. The fair value is estimated to be CN¥8.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has grown by 51%. Aankondiging • Jun 30
Jiangxi Ganneng Co., Ltd. to Report First Half, 2026 Results on Aug 22, 2026 Jiangxi Ganneng Co., Ltd. announced that they will report first half, 2026 results on Aug 22, 2026 Declared Dividend • Jun 11
Dividend increased to CN¥0.57 Dividend of CN¥0.57 is 72% higher than last year. Ex-date: 15th June 2026 Payment date: 15th June 2026 Dividend yield will be 4.4%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (55% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 29% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥15.01, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 26x in the Renewable Energy industry in China. Total returns to shareholders of 86% over the past three years. Aankondiging • Apr 17
Jiangxi Ganneng Co., Ltd., Annual General Meeting, May 08, 2026 Jiangxi Ganneng Co., Ltd., Annual General Meeting, May 08, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Nanchang, Jiangxi China Aankondiging • Mar 31
Jiangxi Ganneng Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Jiangxi Ganneng Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Aankondiging • Dec 31
Jiangxi Ganneng Co., Ltd. to Report Fiscal Year 2025 Results on Apr 18, 2026 Jiangxi Ganneng Co., Ltd. announced that they will report fiscal year 2025 results on Apr 18, 2026 Aankondiging • Sep 30
Jiangxi Ganneng Co., Ltd. to Report Q3, 2025 Results on Oct 25, 2025 Jiangxi Ganneng Co., Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 Aankondiging • Jul 02
Jiangxi Ganneng Co., Ltd. to Report First Half, 2025 Results on Aug 22, 2025 Jiangxi Ganneng Co., Ltd. announced that they will report first half, 2025 results on Aug 22, 2025 Aankondiging • May 10
Jiangxi Ganneng Co., Ltd. Approves Cash Dividend for 2024 Jiangxi Ganneng Co., Ltd. at its Annual General Meeting held on 07 May 2025 approved the cash dividend of CNY 3.30000000 per 10 shares (tax included) for 2024. Aankondiging • Apr 17
Jiangxi Ganneng Co., Ltd. Proposes Final Cash Dividend for 2024 Jiangxi Ganneng Co., Ltd. announced on 16 April 2025 the profit distribution proposal for 2024 as follows: Final cash dividend per 10 shares (tax included) of CNY 3.30000000. Aankondiging • Apr 16
Jiangxi Ganneng Co., Ltd., Annual General Meeting, May 07, 2025 Jiangxi Ganneng Co., Ltd., Annual General Meeting, May 07, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Nanchang, Jiangxi China Aankondiging • Mar 31
Jiangxi Ganneng Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Jiangxi Ganneng Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Aankondiging • Dec 31
Jiangxi Ganneng Co., Ltd. to Report Fiscal Year 2024 Results on Apr 16, 2025 Jiangxi Ganneng Co., Ltd. announced that they will report fiscal year 2024 results on Apr 16, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.30 (vs CN¥0.28 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.30 (up from CN¥0.28 in 3Q 2023). Revenue: CN¥2.03b (up 3.3% from 3Q 2023). Net income: CN¥300.4m (up 10% from 3Q 2023). Profit margin: 15% (in line with 3Q 2023). Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥9.03, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 18x in the Renewable Energy industry in China. Total returns to shareholders of 12% over the past year. Aankondiging • Sep 30
Jiangxi Ganneng Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Jiangxi Ganneng Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Aankondiging • Aug 23
Shaanxi Coal Power Group Co., Ltd. completed the acquisition of 39% stake in Jiangxi Ganneng Shanggao Power Generation Co., Ltd. from Jiangxi Ganneng Co., Ltd. (SZSE:000899). Shaanxi Coal Power Group Co., Ltd. agreed to acquire 39% stake in Jiangxi Ganneng Shanggao Power Generation Co., Ltd. from Jiangxi Ganneng Co., Ltd. (SZSE:000899) for CNY 0 million on March 22, 2024. The transaction has been approved by the board of directors of Jiangxi Ganneng and state-owned asset supervisory agency.
Shaanxi Coal Power Group Co., Ltd. completed the acquisition of 39% stake in Jiangxi Ganneng Shanggao Power Generation Co., Ltd. from Jiangxi Ganneng Co., Ltd. (SZSE:000899) on August 21, 2024. Reported Earnings • Aug 19
Second quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.14 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.14 (up from CN¥0.14 in 2Q 2023). Revenue: CN¥1.38b (down 20% from 2Q 2023). Net income: CN¥135.2m (up 4.3% from 2Q 2023). Profit margin: 9.8% (up from 7.5% in 2Q 2023). The increase in margin was driven by lower expenses. Aankondiging • Jun 29
Jiangxi Ganneng Co., Ltd. to Report First Half, 2024 Results on Aug 19, 2024 Jiangxi Ganneng Co., Ltd. announced that they will report first half, 2024 results on Aug 19, 2024 New Risk • Jun 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.9% per year over the past 5 years. Minor Risks High level of debt (127% net debt to equity). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change). Aankondiging • Jun 08
Jiangxi Ganneng Co., Ltd. Announces 2023 Final Profit Distribution Plan to Be Implemented on A Shares, Payable on 14 June 2024 Jiangxi Ganneng Co., Ltd. announced 2023 final profit distribution plan to be implemented on A shares as Cash dividend/10 shares (tax included) of CNY 1.51000000. Record date is 13 June 2024 and Ex-date is 14 June 2024. Payment date is 14 June 2024. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥12.74, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 19x in the Renewable Energy industry in China. Total returns to shareholders of 41% over the past year. Aankondiging • Apr 28
Jiangxi Ganneng Co., Ltd., Annual General Meeting, May 16, 2024 Jiangxi Ganneng Co., Ltd., Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: No. 199, Torch Avenue, Hi-tech Zone, Nanchang, Jiangxi China Agenda: To consider the 2023 work report of the board of directors; to 2023 work report of the supervisory committee; to 2023 annual report and its summary; to 2023 profit distribution plan and annual accounts report; to 2024 application for comprehensive credit line to banks; to Reappointment of audit firm; to 2024 estimated continuing connected transactions; to 2024 investment plan. Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.21 (vs CN¥0.006 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.21 (up from CN¥0.006 in 1Q 2023). Revenue: CN¥1.69b (flat on 1Q 2023). Net income: CN¥203.5m (up CN¥198.0m from 1Q 2023). Profit margin: 12% (up from 0.3% in 1Q 2023). Aankondiging • Apr 27
Jiangxi Ganneng Co., Ltd. Proposes Final Cash Dividend for 2023 Jiangxi Ganneng Co., Ltd. announced on 26 April 2024 the profit distribution proposal for 2023 as follows: final cash dividend per 10 shares (tax included) of CNY 1.51000000. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥10.48, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 19x in the Renewable Energy industry in China. Total returns to shareholders of 29% over the past year. Reported Earnings • Apr 17
Full year 2023 earnings released: EPS: CN¥0.50 (vs CN¥0.01 in FY 2022) Full year 2023 results: EPS: CN¥0.50 (up from CN¥0.01 in FY 2022). Revenue: CN¥7.09b (up 71% from FY 2022). Net income: CN¥489.6m (up CN¥479.0m from FY 2022). Profit margin: 6.9% (up from 0.3% in FY 2022). The increase in margin was driven by higher revenue. Aankondiging • Mar 30
Jiangxi Ganneng Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Jiangxi Ganneng Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥8.01, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 18x in the Renewable Energy industry in China. Total loss to shareholders of 20% over the past year. Aankondiging • Dec 29
Jiangxi Ganneng Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Jiangxi Ganneng Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Aankondiging • Nov 17
Jiangxi Ganneng Co., Ltd. Announces Election of Directors Jiangxi Ganneng Co., Ltd. announced that at its Extraordinary General Meeting held on 14 November 2023, approved the election of Gao Hai and Song Hebin as Directors. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.28 (vs CN¥0.10 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.28 (up from CN¥0.10 in 3Q 2022). Revenue: CN¥1.96b (up 34% from 3Q 2022). Net income: CN¥272.8m (up 118% from 3Q 2022). Profit margin: 14% (up from 8.5% in 3Q 2022). The increase in margin was driven by higher revenue. New Risk • Aug 28
New major risk - Revenue and earnings growth Earnings have declined by 33% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.6% operating cash flow to total debt). Earnings have declined by 33% per year over the past 5 years. Reported Earnings • Aug 28
Second quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.049 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.14 (up from CN¥0.049 in 2Q 2022). Revenue: CN¥1.72b (up 169% from 2Q 2022). Net income: CN¥129.6m (up 262% from 2Q 2022). Profit margin: 7.5% (up from 5.6% in 2Q 2022). The increase in margin was driven by higher revenue. Reported Earnings • Apr 26
Full year 2022 earnings released: EPS: CN¥0.01 (vs CN¥0.25 loss in FY 2021) Full year 2022 results: EPS: CN¥0.01 (up from CN¥0.25 loss in FY 2021). Revenue: CN¥4.14b (up 54% from FY 2021). Net income: CN¥10.6m (up CN¥258.8m from FY 2021). Profit margin: 0.3% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Aankondiging • Jan 19
Jiangxi Ganneng Co., Ltd. Elects Meng Shuping as an Independent Director Jiangxi Ganneng Co., Ltd. at the Extraordinary General Meeting held on 17 January 2023, approved election of Meng Shuping as an independent director. Board Change • Dec 13
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Chief Economist & Director Sheng Yi Li was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. 
