Announcement • 10h
China Nuclear Engineering Corporation Limited to Report First Half, 2026 Results on Aug 29, 2026 China Nuclear Engineering Corporation Limited announced that they will report first half, 2026 results on Aug 29, 2026 Board Change • May 25
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Chen Li was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 23
China Nuclear Engineering Corporation Limited announced that it expects to receive CNY 4 billion in funding China Nuclear Engineering Corporation Limited announced a a private placement to issue 904,150,263 A share for the proceeds of CNY 4,000,000,000 on May 22, 2026. Issue price shall not be less than 80% of the average price in the 20 trading days before the pricing reference date. The shares cannot be transferred within 6 months from the issuance closing date. Transaction involves participation of not more than 35 investors. Transaction is approved by board of directors at 11th Meeting of the Company’s 5th Directorate and is subject to approvals of the Company’s Shareholders, the SASAC, the Shanghai Stock Exchange, and the China Securities Regulatory Commission. New Risk • May 09
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (0.9% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.2% net profit margin). Major Estimate Revision • May 01
Consensus revenue estimates fall by 24% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥130.5b to CN¥99.0b. EPS estimate fell from CN¥0.94 to CN¥0.46 per share. Net income forecast to grow 19% next year vs 16% growth forecast for Construction industry in China. Consensus price target down from CN¥14.36 to CN¥13.27. Share price fell 2.9% to CN¥13.34 over the past week. Announcement • Apr 30
China Nuclear Engineering Corporation Limited, Annual General Meeting, May 21, 2026 China Nuclear Engineering Corporation Limited, Annual General Meeting, May 21, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shanghai China New Risk • Apr 25
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.2% Last year net profit margin: 1.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (0.9% operating cash flow to total debt). Minor Risk Profit margins are more than 30% lower than last year (1.2% net profit margin). Announcement • Mar 30
China Nuclear Engineering Corporation Limited to Report Q1, 2026 Results on Apr 25, 2026 China Nuclear Engineering Corporation Limited announced that they will report Q1, 2026 results on Apr 25, 2026 Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥19.21, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 18x in the Construction industry in China. Total returns to shareholders of 131% over the past three years. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥16.93, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Construction industry in China. Total returns to shareholders of 129% over the past three years. Announcement • Dec 26
China Nuclear Engineering Corporation Limited to Report Fiscal Year 2025 Results on Apr 23, 2026 China Nuclear Engineering Corporation Limited announced that they will report fiscal year 2025 results on Apr 23, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.15 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.11 (down from CN¥0.15 in 3Q 2024). Revenue: CN¥20.5b (down 16% from 3Q 2024). Net income: CN¥308.7m (down 38% from 3Q 2024). Profit margin: 1.5% (down from 2.1% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to CN¥14.55, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Construction industry in China. Total returns to shareholders of 96% over the past three years. New Risk • Oct 27
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 7.3% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.3% average weekly change). Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥10.71, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Construction industry in China. Total returns to shareholders of 38% over the past three years. Announcement • Sep 30
China Nuclear Engineering Corporation Limited to Report Q3, 2025 Results on Oct 31, 2025 China Nuclear Engineering Corporation Limited announced that they will report Q3, 2025 results on Oct 31, 2025 Price Target Changed • Sep 04
Price target increased by 9.5% to CN¥11.35 Up from CN¥10.37, the current price target is an average from 3 analysts. New target price is 30% above last closing price of CN¥8.75. Stock is up 26% over the past year. The company is forecast to post earnings per share of CN¥0.77 for next year compared to CN¥0.58 last year. Declared Dividend • Aug 04
Dividend increased to CN¥0.094 Dividend of CN¥0.094 is 8.0% higher than last year. Ex-date: 7th August 2025 Payment date: 7th August 2025 Dividend yield will be 1.0%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (16% 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 3.8% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 67% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 30
China Nuclear Engineering Corporation Limited to Report First Half, 2025 Results on Aug 29, 2025 China Nuclear Engineering Corporation Limited announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • Jun 09
China Nuclear Engineering Corporation Limited, Annual General Meeting, Jun 30, 2025 China Nuclear Engineering Corporation Limited, Annual General Meeting, Jun 30, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shanghai China Announcement • Mar 28
China Nuclear Engineering Corporation Limited to Report Q1, 2025 Results on Apr 30, 2025 China Nuclear Engineering Corporation Limited announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
China Nuclear Engineering Corporation Limited to Report Fiscal Year 2024 Results on Apr 30, 2025 China Nuclear Engineering Corporation Limited announced that they will report fiscal year 2024 results on Apr 30, 2025 Announcement • Sep 30
China Nuclear Engineering Corporation Limited to Report Q3, 2024 Results on Oct 31, 2024 China Nuclear Engineering Corporation Limited announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥8.31, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Construction industry in China. Total loss to shareholders of 12% over the past three years. Announcement • Jun 28
China Nuclear Engineering Corporation Limited to Report First Half, 2024 Results on Aug 29, 2024 China Nuclear Engineering Corporation Limited announced that they will report first half, 2024 results on Aug 29, 2024 Announcement • May 29
China Nuclear Engineering Corporation Limited, Annual General Meeting, Jun 17, 2024 China Nuclear Engineering Corporation Limited, Annual General Meeting, Jun 17, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shanghai China Reported Earnings • May 01
First quarter 2024 earnings released: EPS: CN¥0.18 (vs CN¥0.17 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.18 (up from CN¥0.17 in 1Q 2023). Revenue: CN¥29.0b (flat on 1Q 2023). Net income: CN¥557.0m (up 9.6% from 1Q 2023). Profit margin: 1.9% (up from 1.8% in 1Q 2023). Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Mar 30
China Nuclear Engineering Corporation Limited to Report Q1, 2024 Results on Apr 30, 2024 China Nuclear Engineering Corporation Limited announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥7.09, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Construction industry in China. Total loss to shareholders of 13% over the past three years. Announcement • Dec 29
China Nuclear Engineering Corporation Limited to Report Fiscal Year 2023 Results on Apr 30, 2024 China Nuclear Engineering Corporation Limited announced that they will report fiscal year 2023 results on Apr 30, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.23 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.17. Revenue: CN¥24.0b (down 1.9% from 3Q 2022). Net income: CN¥517.9m (up 13% from 3Q 2022). Profit margin: 2.2% (up from 1.9% in 3Q 2022). The increase in margin was driven by lower expenses. Announcement • Sep 30
China Nuclear Engineering Corporation Limited to Report Q3, 2023 Results on Oct 31, 2023 China Nuclear Engineering Corporation Limited announced that they will report Q3, 2023 results on Oct 31, 2023 Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.11 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.11. Revenue: CN¥25.6b (down 3.3% from 2Q 2022). Net income: CN¥385.4m (down 2.8% from 2Q 2022). Profit margin: 1.5% (in line with 2Q 2022). Announcement • Jun 28
China Nuclear Engineering Corporation Limited to Report First Half, 2023 Results on Aug 30, 2023 China Nuclear Engineering Corporation Limited announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Apr 30
First quarter 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.14 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.17 (up from CN¥0.14 in 1Q 2022). Revenue: CN¥28.9b (up 10% from 1Q 2022). Net income: CN¥508.2m (up 20% from 1Q 2022). Profit margin: 1.8% (up from 1.6% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 12% per year. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.23 (vs CN¥0.20 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.23. Revenue: CN¥24.5b (up 13% from 3Q 2021). Net income: CN¥458.5m (down 5.2% from 3Q 2021). Profit margin: 1.9% (down from 2.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Construction industry in China. Reported Earnings • May 02
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: CN¥0.14 (up from CN¥0.13 in 1Q 2021). Revenue: CN¥26.3b (up 24% from 1Q 2021). Net income: CN¥423.0m (up 26% from 1Q 2021). Profit margin: 1.6% (in line with 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.6%. 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 1% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 03
Third quarter 2021 earnings released: EPS CN¥0.20 (vs CN¥0.18 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥21.7b (up 7.0% from 3Q 2020). Net income: CN¥483.9m (down 8.9% from 3Q 2020). Profit margin: 2.2% (down from 2.6% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 8% per year. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥10.73, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 18x in the Construction industry in China. Total returns to shareholders of 44% over the past three years. Reported Earnings • Aug 30
Second quarter 2021 earnings released: EPS CN¥0.061 (vs CN¥0.075 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¥21.3b (up 3.3% from 2Q 2020). Net income: CN¥221.3m (down 23% from 2Q 2020). Profit margin: 1.0% (down from 1.4% 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 11% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 26
Full year 2020 earnings released: EPS CN¥0.43 (vs CN¥0.40 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥72.8b (up 14% from FY 2019). Net income: CN¥1.36b (up 13% from FY 2019). Profit margin: 1.9% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥6.89, the stock is trading at a trailing P/E ratio of 17.5x, down from the previous P/E ratio of 20.7x. This compares to an average P/E of 17x in the Construction industry in China. Total return to shareholders over the past three years is a loss of 24%. Is New 90 Day High Low • Jan 29
New 90-day high: CN¥8.40 The company is up 17% from its price of CN¥7.20 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 8.0% over the same period. Announcement • Jan 19
China Nuclear Engineering Corporation Limited to Report Fiscal Year 2020 Results on Apr 26, 2021 China Nuclear Engineering Corporation Limited announced that they will report fiscal year 2020 results on Apr 26, 2021 Is New 90 Day High Low • Jan 13
New 90-day high: CN¥8.20 The company is up 5.0% from its price of CN¥7.81 on 15 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is down 8.0% over the same period. Is New 90 Day High Low • Dec 12
New 90-day low: CN¥7.10 The company is down 5.0% from its price of CN¥7.44 on 11 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 2.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥1.27b, up 1.0% from the prior year. Total revenue was CN¥72.1b over the last 12 months, up 20% from the prior year. Announcement • Oct 28
China Nuclear Engineering Corporation Limited to Report Q3, 2020 Results on Oct 30, 2020 China Nuclear Engineering Corporation Limited announced that they will report Q3, 2020 results on Oct 30, 2020 Announcement • Jul 10
China Nuclear Engineering Corporation Limited to Report First Half, 2020 Results on Aug 28, 2020 China Nuclear Engineering Corporation Limited announced that they will report first half, 2020 results on Aug 28, 2020