Reported Earnings • Apr 29
Full year 2025 earnings released: EPS: CN¥0.32 (vs CN¥0.38 in FY 2024) Full year 2025 results: EPS: CN¥0.32 (down from CN¥0.38 in FY 2024). Revenue: CN¥411.9m (down 21% from FY 2024). Net income: CN¥20.7m (down 17% from FY 2024). Profit margin: 5.0% (up from 4.8% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 28
Third quarter 2025 earnings released: EPS: CN¥0.071 (vs CN¥0.10 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.071 (down from CN¥0.10 in 3Q 2024). Revenue: CN¥88.6m (down 30% from 3Q 2024). Net income: CN¥4.76m (down 28% from 3Q 2024). Profit margin: 5.4% (up from 5.2% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Sep 17
CF Energy Corp., Annual General Meeting, Nov 17, 2025 CF Energy Corp., Annual General Meeting, Nov 17, 2025. Reported Earnings • Aug 29
Second quarter 2025 earnings released: EPS: CN¥0.041 (vs CN¥0.091 loss in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.041 (up from CN¥0.091 loss in 2Q 2024). Revenue: CN¥98.4m (down 2.9% from 2Q 2024). Net income: CN¥2.72m (up CN¥8.72m from 2Q 2024). Profit margin: 2.8% (up from net loss in 2Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Reported Earnings • May 30
First quarter 2025 earnings released: EPS: CN¥0.051 (vs CN¥0.17 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.051 (down from CN¥0.17 in 1Q 2024). Revenue: CN¥105.0m (down 30% from 1Q 2024). Net income: CN¥3.39m (down 71% from 1Q 2024). Profit margin: 3.2% (down from 7.8% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Reported Earnings • Dec 01
Third quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.18 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.18 in 3Q 2023). Revenue: CN¥126.0m (up 3.2% from 3Q 2023). Net income: CN¥6.57m (down 45% from 3Q 2023). Profit margin: 5.2% (down from 9.8% in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. Announcement • Nov 29
CF Energy Corp. Appoints Zhaoyu Wang as New Secretary CF Energy Corp. announced that Chair Lin of the Company has appointed Zhaoyu Wang (‘Charles’) as the new Secretary of the Board in her stead. Charles has been with CF Energy for nine years involved in both the secretarial work of the board and the public company in Toronto as well as the various Company projects in China. Charles received his Bachelor's in Business Administration from the Ivey Business School of Western University in Canada and his Master's in Business Administration from Tsinghua University in Beijing, China. Announcement • Sep 16
CF Energy Corp., Annual General Meeting, Nov 18, 2024 CF Energy Corp., Annual General Meeting, Nov 18, 2024. Reported Earnings • Aug 29
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: CN¥101.3m (down 5.9% from 2Q 2023). Net loss: CN¥6.00m (down 133% from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. New Risk • Jul 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.8m (US$9.99m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.5% operating cash flow to total debt). Shares are highly illiquid. Earnings have declined by 17% per year over the past 5 years. Market cap is less than US$10m (CA$13.8m market cap, or US$9.99m). Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.089 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.089 in 1Q 2023). Revenue: CN¥149.0m (up 49% from 1Q 2023). Net income: CN¥11.6m (up 98% from 1Q 2023). Profit margin: 7.8% (up from 5.8% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.26 in FY 2022) Full year 2023 results: EPS: CN¥0.14 (down from CN¥0.26 in FY 2022). Revenue: CN¥434.0m (up 30% from FY 2022). Net income: CN¥9.45m (down 44% from FY 2022). Profit margin: 2.2% (down from 5.1% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Board Change • Feb 29
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Hui Cai was the last independent director to join the board, commencing their role in 2008. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 01
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: CN¥125.4m (up 104% from 3Q 2022). Net income: CN¥9.30m (up 382% from 3Q 2022). Profit margin: 7.4% (up from 3.1% in 3Q 2022). The increase in margin was driven by higher revenue. Board Change • Nov 29
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Executive Director Frederick Wong was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 01
Cf Energy Corp. Announces Directorate Changes CF Energy Corp. announced that at its Annual General and Special Meeting of Shareholders of the Company to be held on November 20, 2023, the four longest serving members of the board of directors, Hui Cai, Yongbiao Ding (“Winfield Ding”), Dan Liu, and Wencheng Zhang will not be standing for re-election this year. New Risk • Oct 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.5m (US$9.77m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Shares are highly illiquid. Earnings have declined by 12% per year over the past 5 years. Market cap is less than US$10m (CA$13.5m market cap, or US$9.77m). Announcement • Sep 22
CF Energy Corp., Annual General Meeting, Nov 20, 2023 CF Energy Corp., Annual General Meeting, Nov 20, 2023. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.27 (vs CN¥0.041 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.27 (up from CN¥0.041 in 2Q 2022). Revenue: CN¥117.4m (up 40% from 2Q 2022). Net income: CN¥17.8m (up CN¥15.1m from 2Q 2022). Profit margin: 15% (up from 3.2% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Board Change • Aug 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Executive Director Frederick Wong was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Executive Director Frederick Wong was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 01
First quarter 2023 earnings released: EPS: CN¥0.09 (vs CN¥0.21 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.09 (down from CN¥0.21 in 1Q 2022). Revenue: CN¥100.1m (up 5.0% from 1Q 2022). Net income: CN¥5.85m (down 58% from 1Q 2022). Profit margin: 5.8% (down from 15% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Reported Earnings • May 01
Full year 2022 earnings released: EPS: CN¥0.26 (vs CN¥0.35 in FY 2021) Full year 2022 results: EPS: CN¥0.26 (down from CN¥0.35 in FY 2021). Revenue: CN¥334.2m (down 5.9% from FY 2021). Net income: CN¥17.0m (down 26% from FY 2021). Profit margin: 5.1% (down from 6.5% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 29
Third quarter 2022 earnings released: EPS: CN¥0.03 (vs CN¥0.15 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.03 (down from CN¥0.15 in 3Q 2021). Revenue: CN¥61.6m (down 25% from 3Q 2021). Net income: CN¥1.93m (down 80% from 3Q 2021). Profit margin: 3.1% (down from 12% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Announcement • Nov 26
CF Energy Corp. (TSXV:CFY) acquired Beihai Brighton Road New Energy Ltd. for RMB 1.2 million. CF Energy Corp. (TSXV:CFY) acquired Beihai Brighton Road New Energy Ltd. for RMB 1.2 million on November 24, 2022.
CF Energy Corp. (TSXV:CFY) completed the acquisition of Beihai Brighton Road New Energy Ltd. on November 24, 2022. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Director Frederick Wong was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 08
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Director Frederick Wong was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 25
CF Energy Corp., Annual General Meeting, Dec 23, 2022 CF Energy Corp., Annual General Meeting, Dec 23, 2022. Announcement • Aug 10
CF Energy Corp. Announces Sanya City Implements Temporary City-Wide “Lock-Down” to Control Covid-19 Spread CF Energy Corp. reported that Hainan Provincial Covid-19 Pandemic Control (the “HPCPC”) in Hainan Province, the PRC, has announced the implementation of temporary city-wide “lock-down” measures in Sanya City to control the new increase in reported cases of Covid-19 infections, starting on August 6, 2022. According to the announcement, except in the case of essential social and public services, pandemic control activities and emergency situations, people are asked to stay at home and restrict from engaging in activities outside of their homes in Sanya City. The City’s public transportation services including taxis and ride hailing services, supermarkets, drug stores, other shops, leisure places and restaurants will be temporarily closed. Residents in Hainan Province were asked not to leave the Province unless for necessary reasons and tourists in the Province will have to follow the newly implemented Covid-19 testing protocols before leaving for home. According to the HPCPC latest news announcement on August 8, 2022, during the period of August 1 to August 7, 2022, the Province reported an aggregate of 982 new Covid-19 cases, with 801 cases in Sanya City. On the same day, the HPCPC also announced that water, electricity and gas providers should set up 24-hour emergency repair service teams to make every effort in ensuring the smooth operation of the City. Reported Earnings • May 31
First quarter 2022 earnings released: EPS: CN¥0.21 (vs CN¥0.047 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.21 (up from CN¥0.047 in 1Q 2021). Revenue: CN¥95.4m (up 18% from 1Q 2021). Net income: CN¥13.9m (up 348% from 1Q 2021). Profit margin: 15% (up from 3.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Reported Earnings • May 01
Full year 2021 earnings released: EPS: CN¥0.35 (vs CN¥0.74 in FY 2020) Full year 2021 results: EPS: CN¥0.35 (down from CN¥0.74 in FY 2020). Revenue: CN¥355.2m (down 3.5% from FY 2020). Net income: CN¥23.0m (down 53% from FY 2020). Profit margin: 6.5% (down from 13% in FY 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Director Frederick Wong was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Director Frederick Wong was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Director Frederick Wong was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 01
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: CN¥0.15 (down from CN¥0.34 in 3Q 2020). Revenue: CN¥82.6m (down 16% from 3Q 2020). Net income: CN¥9.66m (down 57% from 3Q 2020). Profit margin: 12% (down from 23% in 3Q 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Sep 11
CF Energy Corp. Launches the Low Carbon Energy Utilization Project CF Energy Corp. announced that the Company’s Haitang Bay Integrated Smart Energy Phase One Project has successfully commenced operation in September of 2021. The first group of commercial customers received the district cooling supply service from the Company includes The Sanya Edition Hotel, Fairmont Sanya Haitang Bay and Westin Sanya Haitang Bay Resort. The DoubleTree Resort by Hilton is also expected to be connected upon its completion of renovations. The collective cooling space of these customers is about 195,040 square meters. The Company has signed up nine commercial customers in Haitang Bay so far with the total supplied cooling space of 350,052 square meters. The Company will continue to add more customers into the system following its business plan. The Haitang Bay Integrated Smart Energy Project (the Project) has been recognized as a low carbon energy utilization project in the tropical resort city of Sanya, in south China’s Hainan Province, to provide air-conditioning with reduced emissions. Upon completion of the Project it aims to provide cooling services for public facilities in the Haitang Bay area, covering about 4.7 million square meters cooling space, including many high-end hotels and commercial buildings. The project integrates advanced energy-saving technologies, such as ice storage, water-source heating pumping. It is expected to save about 30,000 tones of standard coal and reduce about 100,000 tones of carbon dioxide, sulfur dioxide and nitrogen oxide emissions every year. The service provided by the Company will help its customers to reduce their energy consumption management cost and be more focused on their core business. As a low-carbon demonstrative project in Sanya, the Company has been aiming to make it a sustainable and economic business model in China. Reported Earnings • Aug 28
Second quarter 2021 earnings released: EPS CN¥0.22 (vs CN¥0.033 loss in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CN¥86.2m (down 2.5% from 2Q 2020). Net income: CN¥14.4m (up CN¥16.6m from 2Q 2020). Profit margin: 17% (up from net loss in 2Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Aug 28
CF Energy Corp. Provides Revenue Guidance for the Year 2021 CF Energy Corp. provided revenue guidance for the year 2021. For the year, the company expects Revenue to be RMB 410.7 million. Announcement • May 21
CF Energy Corp. announced that it has received CAD 0.6 million in funding from Oak Hill Financial, Oakwest Corporation Limited CF Energy Corp. (TSXV:CFY) announced that it has completed a non-brokered private placement of unsecured convertible debentures for gross proceeds of CAD 600,000 on May 19, 2021. The transaction included participation from Oak Hill Financial, and new investor Oakwest Corporation Limited. The debentures were issued at par, have a term of two years ending on May 19, 2023 with 7% fixed interest per annum to be paid semi-annually, with an option of the holders of the debenture to convert the principal amount outstanding into common shares of the company at a fixed conversion price of CAD 0.66 per share. The company has the right to require the debenture holders to convert all principal amounts outstanding if, for any 15 consecutive trading days prior to the maturity date, the daily volume-weighted average price of the shares on the Toronto Venture Exchange equals or exceeds CAD 0.85 per share. Reported Earnings • May 04
Full year 2020 earnings released: EPS CN¥0.74 (vs CN¥0.72 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥368.2m (down 16% from FY 2019). Net income: CN¥48.6m (up 3.3% from FY 2019). Profit margin: 13% (up from 11% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 12
New 90-day high: CA$0.57 The company is up 30% from its price of CA$0.44 on 10 December 2020. The Canadian 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. Announcement • Dec 22
CF Energy Corp. Announces Business Update CF Energy Corp. announced the following update on its principal projects under development: Haitang Bay Integrated Smart Energy Project: The Group has been informed by its supplier that the delivery of some of the key equipment sourced from Europe to the Group for its integrated smart energy project in Haitang Bay (the "Integrated Smart Energy Project") may be delayed, due to the impact of Covid-19 pandemic. As a result of the unforeseen delay in equipment delivery and despite the construction work of the project which is on schedule to date, the Company is forced to adjust the operation starting time towards early Third Quarter of 2021 instead of the previously announced time of First Quarter of 2021. As Covid-19 pandemic continues to strike the world before vaccination takes its full effect, any such unexpected impact may cause further delay to the revised timeline. In spite of such a setback, management will continue to work closely with the project partners to move the project forward as fast as possible, and provide timely update(s) on progress to shareholders of the Company as and when required. Meishan Smart Energy Project: With the preparation work for the construction of the smart energy project in Meishan (the "Meishan Smart Energy Project") being on schedule as planned, operation of the project is scheduled to commence in January 2021. EV Battery Swap Business Station: The second electrical vehicle battery swap station (the "EV Battery Swap Station") in Sanya City has been assembled with testing and adjustment work being carried out at present, and scheduled for operation to begin within the first week in January 2021. This will complement the first station which became operational in July 2020 in Sanya City. For the first EV Battery Swap Station in Zhuhai City, the co-operating agreement for the procurement of the land has been signed and the station is planned to start operation by the third week of January 2021. The timing of the development of the first EV Battery Swap Station in Haikou will be determined in due course. Reported Earnings • Dec 01
Third quarter 2020 earnings released: EPS CN¥0.34 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: CN¥98.5m (down 7.6% from 3Q 2019). Net income: CN¥22.5m (up 74% from 3Q 2019). Profit margin: 23% (up from 12% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 20
New 90-day low: CA$0.40 The company is down 31% from its price of CA$0.58 on 21 July 2020. The Canadian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is down 4.0% over the same period.