Announcement • Jun 30
CNPC Capital Company Limited to Report First Half, 2026 Results on Aug 28, 2026 CNPC Capital Company Limited announced that they will report first half, 2026 results on Aug 28, 2026 Declared Dividend • Jun 19
Dividend reduced to CN¥0.047 Dividend of CN¥0.047 is 18% lower than last year. Ex-date: 24th June 2026 Payment date: 24th June 2026 Dividend yield will be 1.4%, which is lower than the industry average of 5.5%. Sustainability & Growth The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 7.5% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 26
CNPC Capital Company Limited, Annual General Meeting, May 21, 2026 CNPC Capital Company Limited, Annual General Meeting, May 21, 2026, at 10:00 China Standard Time. Location: 4F, Tower B, No. 1, Jinrong Avenue, Xicheng District, Beijing China Announcement • Mar 31
CNPC Capital Company Limited to Report Q1, 2026 Results on Apr 27, 2026 CNPC Capital Company Limited announced that they will report Q1, 2026 results on Apr 27, 2026 Announcement • Dec 31
CNPC Capital Company Limited to Report Fiscal Year 2025 Results on Apr 27, 2026 CNPC Capital Company Limited announced that they will report fiscal year 2025 results on Apr 27, 2026 Announcement • Sep 30
CNPC Capital Company Limited to Report Q3, 2025 Results on Oct 31, 2025 CNPC Capital Company Limited announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jul 02
CNPC Capital Company Limited to Report First Half, 2025 Results on Aug 30, 2025 CNPC Capital Company Limited announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • May 17
CNPC Capital Company Limited Approves Cash Dividend for 2024 CNPC Capital Company Limited at its Annual General Meeting held on 15 May 2025 approved cash dividend of CNY 0.57000000 per 10 shares (tax included) for 2024. Announcement • Apr 04
CNPC Capital Company Limited Proposes Final Cash Distribution for 2024 CNPC Capital Company Limited announced on 03 April 2025 the profit distribution proposal for 2024 as follows: 1. Cash dividend/10 shares (tax included): CNY0.57000000. Announcement • Apr 03
CNPC Capital Company Limited, Annual General Meeting, May 15, 2025 CNPC Capital Company Limited, Annual General Meeting, May 15, 2025, at 10:00 China Standard Time. Location: 4F, Tower B, No. 1, Jinrong Avenue, Xicheng District, Beijing China Announcement • Mar 31
CNPC Capital Company Limited to Report Q1, 2025 Results on Apr 30, 2025 CNPC Capital Company Limited announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Mar 25
Assicurazioni Generali S.p.A. (BIT:G) completed the acquisition of 51% stake in Generali China Insurance Company Ltd. from CNPC Capital Company Limited (SZSE:000617). Assicurazioni Generali S.p.A. (BIT:G) signed an agreement to acquire 51% stake in Generali China Insurance Company Ltd. from CNPC Capital Company Limited (SZSE:000617) for approximately CNY 770 million on January 10, 2024. Prior to the transaction, Assicurazioni Generali S.p.A. (BIT:G) held 49%. Upon completion, Generali will become the 100% shareholder of GCI and the first foreign player to acquire a controling stake of a P&C insurance company from a single state owned entity in Chinapurely via mandatory public auction process. The completion of the transaction is subject to regulatory approvals. UBS (Italy) S.p.A acted as financial advisor and Fangda Partners acted as legal advisor to Assicurazioni Generali. The expected completion of the transaction is by the end of the year.
Assicurazioni Generali S.p.A. (BIT:G) completed the acquisition of 51% stake in Generali China Insurance Company Ltd. from CNPC Capital Company Limited (SZSE:000617) on March 25, 2025. Having received all regulatory approvals, Generali now has full ownership of its Property and Casualty (P&C) insurance business in China. On completion, Generali China Insurance Company Ltd will now operate under the Generali brand in China, fully in line with Generali’s strategy and allowing the local business to capitalize on the fast-growing market in China. Announcement • Jan 02
CNPC Capital Company Limited Announces Profit Distribution Plan for the Third Quarter 2024, Payable January 8, 2025 CNPC Capital Company Limited announced profit distribution plan for the third quarter 2024to be implemented (A shares): Cash dividend per 10 shares (tax included): CNY 0.60000000, Record date: January 7, 2025, Ex-date: January 8, 2025, Payment date: January 8, 2025. Announcement • Dec 31
CNPC Capital Company Limited to Report Fiscal Year 2024 Results on Apr 03, 2025 CNPC Capital Company Limited announced that they will report fiscal year 2024 results on Apr 03, 2025 Announcement • Nov 29
CNPC Capital Company Limited Approves Interim Profit Distribution for 2024 CNPC Capital Company Limited at the Extraordinary General Meeting of 2024 on 27 November 2024, approved 2024 interim profit distribution plan. The detailed profit distribution plan is as follows: Cash dividend per 10 shares (tax included) of CNY 0.60000000. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.11 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.11 in 3Q 2023). Revenue: CN¥9.75b (up 2.3% from 3Q 2023). Net income: CN¥1.30b (down 4.6% from 3Q 2023). Profit margin: 13% (in line with 3Q 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥9.32, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 5x in the Banks industry in China. Total returns to shareholders of 90% over the past three years. Buy Or Sell Opportunity • Sep 30
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 32% to CN¥7.37. The fair value is estimated to be CN¥5.85, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 7.9% in 2 years. Earnings are forecast to grow by 41% in the next 2 years. Announcement • Sep 30
CNPC Capital Company Limited to Report Q3, 2024 Results on Oct 30, 2024 CNPC Capital Company Limited announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥6.15, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 5x in the Banks industry in China. Total returns to shareholders of 24% over the past three years. Reported Earnings • Sep 01
Second quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.14 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.14 in 2Q 2023). Revenue: CN¥9.77b (up 2.4% from 2Q 2023). Net income: CN¥1.32b (down 23% from 2Q 2023). Profit margin: 14% (down from 18% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in China. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Declared Dividend • Jul 06
Dividend of CN¥0.12 announced Dividend of CN¥0.12 is the same as last year. Ex-date: 11th July 2024 Payment date: 11th July 2024 Dividend yield will be 2.1%, which is lower than the industry average of 5.5%. Sustainability & Growth The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 29
CNPC Capital Company Limited to Report First Half, 2024 Results on Aug 29, 2024 CNPC Capital Company Limited announced that they will report first half, 2024 results on Aug 29, 2024 Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.17 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.14 (down from CN¥0.17 in 1Q 2023). Revenue: CN¥9.70b (up 6.0% from 1Q 2023). Net income: CN¥1.73b (down 21% from 1Q 2023). Profit margin: 18% (down from 24% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: CN¥0.39 (vs CN¥0.39 in FY 2022) Full year 2023 results: EPS: CN¥0.39 (in line with FY 2022). Revenue: CN¥39.0b (up 20% from FY 2022). Net income: CN¥4.93b (flat on FY 2022). Profit margin: 13% (down from 15% 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 16% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Mar 30
CNPC Capital Company Limited to Report Q1, 2024 Results on Apr 30, 2024 CNPC Capital Company Limited announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Mar 29
CNPC Capital Company Limited, Annual General Meeting, May 17, 2024 CNPC Capital Company Limited, Annual General Meeting, May 17, 2024, at 09:30 China Standard Time. Location: 4F, Tower B, No. 1, Jinrong Avenue, Xicheng District, Beijing China Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥5.98, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 5x in the Banks industry in China. Total returns to shareholders of 2.0% over the past three years. Announcement • Jan 11
Assicurazioni Generali S.p.A. (BIT:G) signed an agreement to acquire 51% stake in Generali China Insurance Company Ltd. from CNPC Capital Company Limited (SZSE:000617) for approximately CNY 770 million. Assicurazioni Generali S.p.A. (BIT:G) signed an agreement to acquire 51% stake in Generali China Insurance Company Ltd. from CNPC Capital Company Limited (SZSE:000617) for approximately CNY 770 million on January 10, 2024. Prior to the transaction, Assicurazioni Generali S.p.A. (BIT:G) held 49%. The completion of the transaction is subject to regulatory approvals. UBS (Italy) S.p.A acted as financial advisor and Fangda Partners acted as legal advisor to Assicurazioni Generali. Announcement • Dec 29
CNPC Capital Company Limited to Report Fiscal Year 2023 Results on Mar 29, 2024 CNPC Capital Company Limited announced that they will report fiscal year 2023 results on Mar 29, 2024 New Risk • Nov 09
New major risk - Revenue and earnings growth Earnings have declined by 9.3% 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 Risk Earnings have declined by 9.3% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Jul 06
CNPC Capital Company Limited Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 11 July 2023 CNPC Capital Company Limited announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 1.17000000 for the year 2022, payable on 11 July 2023. Record date is 10 July 2023. Ex-date is 11 July 2023. Announcement • May 30
CNPC Capital Company Limited, Annual General Meeting, Jun 16, 2023 CNPC Capital Company Limited, Annual General Meeting, Jun 16, 2023, at 09:00 China Standard Time. Agenda: To consider 2022 work report of the board of directors; to consider 2022 work report of the supervisory committee; to consider 2022 annual report and its summary; to consider 2022 profit distribution plan; to consider 2022 internal control evaluation report; to consider Reappointment of 2023 audit firm; and to consider other matters. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥8.99, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the Machinery industry in China. Total returns to shareholders of 37% over the past three years. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥7.32, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 35x in the Machinery industry in China. Total returns to shareholders of 15% over the past three years. Announcement • Jan 18
CNPC Capital Company Limited Elects Wang Zhonglai and Zhou Jianming as Non-Independent Directors CNPC Capital Company Limited elected Wang Zhonglai and Zhou Jianming as non-independent directors at the Extraordinary General Meeting held on January 16, 2023. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥6.17, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 34x in the Machinery industry in China. Total loss to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥6.03, the stock trades at a trailing P/E ratio of 14.4x. Average trailing P/E is 34x in the Machinery industry in China. Total loss to shareholders of 20% over the past three years. Reported Earnings • Aug 21
Second quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.16 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.14 (down from CN¥0.16 in 2Q 2021). Revenue: CN¥7.73b (flat on 2Q 2021). Net income: CN¥1.79b (down 10% from 2Q 2021). Profit margin: 23% (down from 26% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 16% per year. Reported Earnings • May 04
First quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.14 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.14 (vs CN¥0.14 in 1Q 2021). Revenue: CN¥7.62b (up 5.9% from 1Q 2021). Net income: CN¥1.72b (flat on 1Q 2021). Profit margin: 23% (down from 24% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.19 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥7.70b (up 2.7% from 2Q 2020). Net income: CN¥2.00b (down 17% from 2Q 2020). Profit margin: 26% (down from 32% in 2Q 2020). The decrease in margin was driven by higher 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 13% per year, which means it is significantly lagging earnings. Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥0.14 (vs CN¥0.15 in 1Q 2020) The company reported a poor first quarter result with weaker earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: CN¥7.20b (down 9.0% from 1Q 2020). Net income: CN¥1.74b (down 8.7% from 1Q 2020). Profit margin: 24% (in line with 1Q 2020). 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 14% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥7.52, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 34x in the Machinery industry in China. Total loss to shareholders of 13% over the past three years. Is New 90 Day High Low • Jan 25
New 90-day low: CN¥6.51 The company is down 5.0% from its price of CN¥6.86 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: CN¥7.28 The company is up 1.0% from its price of CN¥7.24 on 04 September 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Machinery industry, which is up 3.0% over the same period. Is New 90 Day High Low • Oct 31
New 90-day low: CN¥6.72 The company is down 9.0% from its price of CN¥7.38 on 31 July 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 2.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥7.92b, up 4.4% from the prior year. Total revenue was CN¥31.2b over the last 12 months, down 5.7% from the prior year.