Announcement • Apr 29
Jiangsu Zeyu Intelligent Power Co.,Ltd., Annual General Meeting, May 20, 2026 Jiangsu Zeyu Intelligent Power Co.,Ltd., Annual General Meeting, May 20, 2026, at 10:00 China Standard Time. Location: The Company's Meeting Room, Nantong, Jiangsu China New Risk • Apr 16
New major risk - Revenue and earnings growth Earnings have declined by 1.1% 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 Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 1.1% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Apr 16
Full year 2025 earnings released: EPS: CN¥0.37 (vs CN¥0.55 in FY 2024) Full year 2025 results: EPS: CN¥0.37 (down from CN¥0.55 in FY 2024). Revenue: CN¥1.20b (down 11% from FY 2024). Net income: CN¥149.5m (down 32% from FY 2024). Profit margin: 13% (down from 16% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. 
