Live nieuws • Jun 04
CGN Power Restarts Taishan Unit 2 Boosting Nuclear Generation Capacity in China Taishan Unit 2 has been reconnected to the grid after an extended refuelling and inspection outage.
The unit has passed safety and technical checks, with CGN Power confirming compliance with nuclear safety and technical standards.
The restart adds back to CGN Power's operating nuclear generation capacity, supporting its role as a key operator in China's nuclear sector.
Restoring Taishan Unit 2 to service brings an important asset back into CGN Power's production mix, which can matter for overall utilisation rates and revenue potential tied to nuclear output.
Investors may want to watch for any future disclosures on utilisation, maintenance schedules or regulatory feedback, as these factors can influence both operational reliability and cost profiles over time. Upcoming Dividend • May 15
Upcoming dividend of CN¥0.086 per share Eligible shareholders must have bought the stock before 22 May 2026. Payment date: 10 July 2026. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Hong Kong dividend payers (6.7%). Lower than average of industry peers (4.6%). Reported Earnings • Apr 29
First quarter 2026 earnings released: EPS: CN¥0.054 (vs CN¥0.06 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.054 (down from CN¥0.06 in 1Q 2025). Revenue: CN¥16.3b (down 13% from 1Q 2025). Net income: CN¥2.74b (down 9.3% from 1Q 2025). Profit margin: 17% (in line with 1Q 2025). Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Renewable Energy industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Aankondiging • Mar 31
CGN Power Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 CGN Power Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Declared Dividend • Mar 27
Dividend of CN¥0.086 announced Shareholders will receive a dividend of CN¥0.086. Ex-date: 22nd May 2026 Payment date: 10th July 2026 Dividend yield will be 2.4%, which is lower than the industry average of 4.2%. Sustainability & Growth Dividend is covered by earnings (45% 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 42% 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 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 26
Full year 2025 earnings released: EPS: CN¥0.19 (vs CN¥0.21 in FY 2024) Full year 2025 results: EPS: CN¥0.19 (down from CN¥0.21 in FY 2024). Revenue: CN¥75.7b (down 13% from FY 2024). Net income: CN¥9.77b (down 9.7% from FY 2024). Profit margin: 13% (in line with FY 2024). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Renewable Energy industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Mar 25
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 24% to HK$3.74. The fair value is estimated to be HK$3.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings are also forecast to grow by 8.0% per annum over the same time period. Buy Or Sell Opportunity • Mar 11
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to HK$3.47. The fair value is estimated to be HK$2.85, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings are also forecast to grow by 7.8% per annum over the same time period. Buy Or Sell Opportunity • Feb 11
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 2.3% to HK$3.14. The fair value is estimated to be HK$2.60, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings are also forecast to grow by 7.8% per annum over the same time period. Aankondiging • Jan 21
CGN Power Co., Ltd. Appoints Zhou Jianping as General Counsel CGN Power Co., Ltd. announces that, pursuant to the Articles of Association of CGN Power Co., Ltd., and upon consideration by the Board, Mr. Zhou Jianping has been appointed as the general counsel of the Company. Mr. Zhou, born in 1972, has served as a vice president of the Company since January 2023. He has a doctorate degree and is a professorate senior engineer. Mr. Zhou has more than 25 years of experience in the nuclear power industry. From June 2014 to July 2018, he successively served as an assistant to the general manager and the deputy general manager of Guangxi Fangchenggang Nuclear Power Co., Ltd. He served as the general manager of the Safety and Quality Assurance Department of the Company from July 2018 to March 2019, the secretary of the party committee and the general manager of Fangchenggang Nuclear from March 2019 to December 2020, and the secretary of the party committee and the chairman of the board of directors of Fangchenggang Nuclear from December 2020 to February 2022. During his time as the secretary of the party committee and the chairman of the board of directors of Fangchenggang Nuclear from February 2022 to April 2022, he also served as the general manager of the Safety, Quality and Environmental Department of the Company. He served as the general manager of the Safety, Quality and Environmental Department of the Company from April 2022 to September 2023. The terms of office of Mr. Zhou concurrently acting as the general counsel of the Company shall commence on January 21, 2026 and expire on December 31, 2027. The board of the Company comprises Mr. Pang Songtao as an executive Director; Mr. Yang Changli, Ms. Li Li, Mr. Feng Jian and Mr. Liu Huanbing as non-executive Directors; Mr. Wong Ming Fung, Mr. Li Fuyou and Ms. Xu Hua as independent non-executive Directors. Aankondiging • Dec 31
CGN Power Co., Ltd. to Report Fiscal Year 2025 Results on Mar 26, 2026 CGN Power Co., Ltd. announced that they will report fiscal year 2025 results on Mar 26, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.052 (vs CN¥0.057 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.052 (down from CN¥0.057 in 3Q 2024). Revenue: CN¥20.6b (down 10% from 3Q 2024). Net income: CN¥2.62b (down 8.7% from 3Q 2024). Profit margin: 13% (in line with 3Q 2024). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Renewable Energy industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Aankondiging • Sep 30
CGN Power Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 CGN Power Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Price Target Changed • Aug 28
Price target increased by 7.3% to HK$2.99 Up from HK$2.79, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of HK$2.99. Stock is down 7.1% over the past year. The company is forecast to post earnings per share of CN¥0.20 for next year compared to CN¥0.21 last year. Reported Earnings • Aug 28
Second quarter 2025 earnings released: EPS: CN¥0.058 (vs CN¥0.07 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.058 (down from CN¥0.07 in 2Q 2024). Revenue: CN¥19.1b (down 5.2% from 2Q 2024). Net income: CN¥2.93b (down 17% from 2Q 2024). Profit margin: 15% (down from 17% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Renewable Energy industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Aug 27
CGN Power Co., Ltd. Proposes Abolishment of the Supervisory Committee The board of directors of CGN Power Co., Ltd. announced that, to comply with regulatory requirements, the Company proposes to amend certain articles under the existing Articles of Association. After amendment the English name will remain unchanged; the Supervisory Committee will be abolished, and its duties and powers as stipulated in the Company Law will be exercised by the Audit and Risk Management Committee of the Board; the Procedural Rules of the Supervisory Committee of the Company and other policies related to the Supervisory Committee will be repealed accordingly. Aankondiging • Jul 02
CGN Power Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 CGN Power Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Aankondiging • May 21
Cgn Power Co., Ltd. Approves Final Dividend for the Year Ended December 31, 2024, Payable on or Around 03 July 2025 CGN Power Co., Ltd. in its 2024 Annual General meeting held on May 21, 2025 approved to pay an annual final dividend in cash on or around July 3, 2025 to the Shareholders whose names appear on the register of members of the Company on June 2, 2025, being the record date. The cash dividend in respect of the year 2024 shall be denominated and declared in RMB at RMB 0.095 per Share (tax inclusive). Upcoming Dividend • May 16
Upcoming dividend of CN¥0.095 per share Eligible shareholders must have bought the stock before 23 May 2025. Payment date: 03 July 2025. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (4.9%). Aankondiging • Mar 31
CGN Power Co., Ltd. to Report Q1, 2025 Results on Apr 24, 2025 CGN Power Co., Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025 Declared Dividend • Mar 28
Dividend of CN¥0.095 announced Shareholders will receive a dividend of CN¥0.095. Ex-date: 23rd May 2025 Payment date: 3rd July 2025 Dividend yield will be 3.9%, which is lower than the industry average of 4.2%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 44% 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. Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: CN¥0.21 (vs CN¥0.21 in FY 2023) Full year 2024 results: EPS: CN¥0.21 (up from CN¥0.21 in FY 2023). Revenue: CN¥86.8b (up 5.2% from FY 2023). Net income: CN¥10.8b (flat on FY 2023). Profit margin: 13% (in line with FY 2023). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Renewable Energy industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year. Price Target Changed • Feb 12
Price target decreased by 8.0% to HK$3.01 Down from HK$3.27, the current price target is an average from 11 analysts. New target price is 22% above last closing price of HK$2.46. Stock is up 11% over the past year. The company is forecast to post earnings per share of CN¥0.23 for next year compared to CN¥0.21 last year. Aankondiging • Dec 31
CGN Power Co., Ltd. to Report Fiscal Year 2024 Results on Mar 27, 2025 CGN Power Co., Ltd. announced that they will report fiscal year 2024 results on Mar 27, 2025 Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: CN¥0.057 (vs CN¥0.054 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.057 (up from CN¥0.054 in 3Q 2023). Revenue: CN¥22.9b (up 11% from 3Q 2023). Net income: CN¥2.87b (up 4.9% from 3Q 2023). Profit margin: 13% (in line with 3Q 2023). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Renewable Energy industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Sep 30
CGN Power Co., Ltd. to Report Q3, 2024 Results on Oct 24, 2024 CGN Power Co., Ltd. announced that they will report Q3, 2024 results on Oct 24, 2024 Price Target Changed • Aug 27
Price target increased by 9.0% to HK$3.54 Up from HK$3.25, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of HK$3.38. Stock is up 69% over the past year. The company is forecast to post earnings per share of CN¥0.23 for next year compared to CN¥0.21 last year. Reported Earnings • Aug 22
Second quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.069 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.07 (up from CN¥0.069 in 2Q 2023). Revenue: CN¥20.2b (down 3.8% from 2Q 2023). Net income: CN¥3.51b (flat on 2Q 2023). Profit margin: 17% (in line with 2Q 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Renewable Energy industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jun 29
CGN Power Co., Ltd. to Report First Half, 2024 Results on Aug 22, 2024 CGN Power Co., Ltd. announced that they will report first half, 2024 results on Aug 22, 2024 Upcoming Dividend • May 28
Upcoming dividend of CN¥0.094 per share Eligible shareholders must have bought the stock before 04 June 2024. Payment date: 10 July 2024. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Hong Kong dividend payers (7.5%). In line with average of industry peers (3.5%). Price Target Changed • May 12
Price target increased by 9.6% to HK$2.78 Up from HK$2.54, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of HK$2.83. Stock is up 33% over the past year. The company is forecast to post earnings per share of CN¥0.24 for next year compared to CN¥0.21 last year. Price Target Changed • May 01
Price target increased by 9.7% to HK$2.79 Up from HK$2.54, the current price target is an average from 11 analysts. New target price is 5.9% above last closing price of HK$2.63. Stock is up 26% over the past year. The company is forecast to post earnings per share of CN¥0.24 for next year compared to CN¥0.21 last year. Aankondiging • Mar 30
CGN Power Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 CGN Power Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Declared Dividend • Mar 29
Dividend of CN¥0.094 announced Shareholders will receive a dividend of CN¥0.094. Ex-date: 4th June 2024 Payment date: 10th July 2024 Dividend yield will be 4.1%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 48% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 28
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.21 (up from CN¥0.20 in FY 2022). Revenue: CN¥82.5b (flat on FY 2022). Net income: CN¥10.7b (up 7.6% from FY 2022). Profit margin: 13% (up from 12% in FY 2022). Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 5.1%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Renewable Energy industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 8% per year. Aankondiging • Mar 27
CGN Power Co., Ltd. Proposes Final Dividend for the Year Ended December 31, 2023, Payable on 10 July 2024 CGN Power Co., Ltd. proposed final dividend for the year ended December 31, 2023 of RMB 0.094 per share with Ex-dividend date: 04 June 2024; Record date: 11 June 2024; Payment date: 10 July 2024. Aankondiging • Dec 29
CGN Power Co., Ltd. to Report Fiscal Year 2023 Results on Mar 28, 2024 CGN Power Co., Ltd. announced that they will report fiscal year 2023 results on Mar 28, 2024 Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.054 (vs CN¥0.057 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.054 (down from CN¥0.057 in 3Q 2022). Revenue: CN¥20.6b (down 5.6% from 3Q 2022). Net income: CN¥2.74b (down 5.0% from 3Q 2022). Profit margin: 13% (in line with 3Q 2022). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Renewable Energy industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 5% per year. Aankondiging • Oct 10
CGN Power Co., Ltd. Announces Director Appointments CGN Power Co., Ltd. announced at the EGM held on October 9, 2023, approved election of Ms. Li Li, Mr. Pang Songtao and Mr. Liu Huanbing as a non-executive Director; Mr. Wong Ming Fung and Ms. Xu Hua as an independent non-executive Director and Mr. Shi Weiqi as a non-employee representative Supervisor. Mr. Liu Huanbing, born in 1973, is a non-executive Director. He holds a master' s degree and is a senior accountant (researcher-level). Mr. Liu Huanbing has more than 25 years of experience in financial management, investment and financing management and other areas. He successively served as the director of finance department and the director of budget department of China National Nuclear Corporation from August 2011 to July 2015. He also served as the chief accountant of China Nuclear (Tianjin) Machinery Co., Ltd. from July 2015 to October 2020, and the chief accountant of China Nuclear Energy Industry Corporation from October 2020 to July 2022. He has served as the chief accountant of China Nuclear Power Co., Ltd., the shares of which are listed on the Shanghai Stock Exchange, since July 2022, a director of CNNC Financial Leasing Co., Ltd. since October 2022, chairman of the supervisory committee of CNNC Nuclear Power Operation Management Co., Ltd. since November 2022 and a director of CNNC Finance Co., Ltd. since April 2023. Aankondiging • Sep 30
CGN Power Co., Ltd. to Report Q3, 2023 Results on Oct 26, 2023 CGN Power Co., Ltd. announced that they will report Q3, 2023 results on Oct 26, 2023 Aankondiging • Aug 25
CGN Power Co., Ltd. Announces Board Resignations CGN Power Co., Ltd. announced that among members of the third session of the Board, Mr. Shi Bing and Mr. Gu Jian will retire and cease to be candidates for non-executive Directors of the fourth session of the Board due to the expiry of their term of office, and Mr. Yang Jiayi, Mr. Xia Ceming and Mr. Tang Chi Cheung will retire and cease to be candidates for independent non-executive Directors of the fourth session of the Board as their term of office has also expired. Their retirement will take effect upon the appointment of new Directors at the EGM. Among members of the third session of the Supervisory Committee, Ms. Zhu Hui has tendered a resignation report in relation to her resignation from the position of employee representative Supervisor of the fourth session of the Supervisory Committee, and Mr. Wang Hongxin will retire and cease to be an employee representative Supervisor of the fourth session of the Supervisory Committee as his term of office has expired. Reported Earnings • Aug 24
Second quarter 2023 earnings released: EPS: CN¥0.069 (vs CN¥0.061 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.069 (up from CN¥0.061 in 2Q 2022). Revenue: CN¥21.0b (up 7.9% from 2Q 2022). Net income: CN¥3.47b (up 14% from 2Q 2022). Profit margin: 17% (in line with 2Q 2022). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Renewable Energy industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year. Aankondiging • Jul 01
CGN Power Co., Ltd. to Report First Half, 2023 Results on Aug 24, 2023 CGN Power Co., Ltd. announced that they will report first half, 2023 results on Aug 24, 2023 Upcoming Dividend • May 23
Upcoming dividend of CN¥0.087 per share at 4.7% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 07 July 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Hong Kong dividend payers (7.6%). Higher than average of industry peers (3.7%). Reported Earnings • Mar 16
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: CN¥0.20 (up from CN¥0.19 in FY 2021). Revenue: CN¥82.8b (up 2.7% from FY 2021). Net income: CN¥9.96b (up 2.4% from FY 2021). Profit margin: 12% (in line with FY 2021). Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 1.9%. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Renewable Energy industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 7% per year. Aankondiging • Feb 11
CGN Power Co., Ltd. Appoints Mr. Feng Jian as Non-Executive Director CGN Power Co., Ltd. announced that at its EGM held on February 10, 2023, Mr. Feng Jian is appointed as the non-executive Director and his term of office shall take effect from the date of approval at the EGM until the expiry of the term of third session of the Board. The Board further announces that Mr. Feng is appointed as a member of the remuneration committee and the nuclear safety committee of the third session of the Board of the Company. His term of office shall take effect from the date of approval at the EGM until the expiry of the term of third session of the Board. Board Change • Nov 16
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 8 new directors. 2 experienced directors. 2 highly experienced directors. 4 independent directors (6 non-independent directors). President & Executive Director Ligang Gao is the most experienced director on the board, commencing their role in 2014. Independent Non-Executive Director Chi Cheung Tang was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 27
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: CN¥21.8b (down 2.1% from 3Q 2021). Net income: CN¥2.89b (down 10% from 3Q 2021). Profit margin: 13% (down from 14% in 3Q 2021). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Renewable Energy industry in Hong Kong. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 5% per year. Reported Earnings • Aug 25
Second quarter 2022 earnings released: EPS: CN¥0.06 (vs CN¥0.062 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.06 (down from CN¥0.062 in 2Q 2021). Revenue: CN¥19.4b (down 1.4% from 2Q 2021). Net income: CN¥3.05b (down 2.3% from 2Q 2021). Profit margin: 16% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 3.2%, compared to a 5.6% growth forecast for the Renewable Energy industry in Hong Kong. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year. Upcoming Dividend • May 24
Upcoming dividend of CN¥0.084 per share Eligible shareholders must have bought the stock before 31 May 2022. Payment date: 07 July 2022. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 4.8%. Lower than top quartile of Hong Kong dividend payers (7.8%). Higher than average of industry peers (3.4%). Board Change • Apr 27
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 8 new directors. 2 experienced directors. 2 highly experienced directors. 4 independent directors (6 non-independent directors). President & Executive Director Ligang Gao is the most experienced director on the board, commencing their role in 2014. Independent Non-Executive Director Chi Cheung Tang was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Mar 18
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.19 (up from CN¥0.19 in FY 2020). Revenue: CN¥80.7b (up 14% from FY 2020). Net income: CN¥9.73b (up 1.8% from FY 2020). Profit margin: 12% (down from 14% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is expected to shrink by 5.2% compared to a 3.3% growth forecast for the industry in Hong Kong. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year.