Announcement • Jun 10
China Southern Power Grid Technology Co.,Ltd, Annual General Meeting, Jun 30, 2026 China Southern Power Grid Technology Co.,Ltd, Annual General Meeting, Jun 30, 2026, at 14:30 China Standard Time. Location: Yuedian Building, Shuijungang, Dongfeng East Road, Yuexiu District, Guangzhou, Guangdong China Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥50.41, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 14x in the Construction industry in China. Total returns to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.08 per share. Major Estimate Revision • Apr 07
Consensus revenue estimates fall by 12% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥5.36b to CN¥4.74b. EPS estimate fell from CN¥1.29 to CN¥1.02 per share. Net income forecast to grow 36% next year vs 18% growth forecast for Construction industry in China. Consensus price target up from CN¥40.04 to CN¥66.11. Share price was steady at CN¥57.03 over the past week. Price Target Changed • Apr 07
Price target increased by 65% to CN¥66.11 Up from CN¥40.04, the current price target is provided by 1 analyst. New target price is 16% above last closing price of CN¥57.03. Stock is up 106% over the past year. The company is forecast to post earnings per share of CN¥1.02 for next year compared to CN¥0.75 last year. Reported Earnings • Mar 31
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.75 (up from CN¥0.65 in FY 2024). Revenue: CN¥3.68b (up 22% from FY 2024). Net income: CN¥420.8m (up 15% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 22%. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
China Southern Power Grid Technology Co.,Ltd to Report Q1, 2026 Results on Apr 30, 2026 China Southern Power Grid Technology Co.,Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 New Risk • Mar 17
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 7.9% 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: Minor Risks Dividend is not well covered by cash flows (105% cash payout ratio). Share price has been volatile over the past 3 months (7.9% average weekly change). Announcement • Dec 26
China Southern Power Grid Technology Co.,Ltd to Report Fiscal Year 2025 Results on Mar 31, 2026 China Southern Power Grid Technology Co.,Ltd announced that they will report fiscal year 2025 results on Mar 31, 2026 Announcement • Sep 30
China Southern Power Grid Technology Co.,Ltd to Report Q3, 2025 Results on Oct 31, 2025 China Southern Power Grid Technology Co.,Ltd announced that they will report Q3, 2025 results on Oct 31, 2025 Buy Or Sell Opportunity • Sep 22
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 61% to CN¥51.98. The fair value is estimated to be CN¥42.66, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 110% in 2 years. Earnings are forecast to grow by 116% in the next 2 years. New Risk • Sep 11
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 7.0% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥44.48, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 13x in the Construction industry in China. Total loss to shareholders of 3.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥42.92 per share. Buy Or Sell Opportunity • Aug 14
Now 20% undervalued Over the last 90 days, the stock has risen 17% to CN¥33.65. The fair value is estimated to be CN¥42.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 93% in 2 years. Earnings are forecast to grow by 96% in the next 2 years. Buy Or Sell Opportunity • Jul 22
Now 21% undervalued Over the last 90 days, the stock has risen 18% to CN¥34.16. The fair value is estimated to be CN¥43.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 93% in 2 years. Earnings are forecast to grow by 96% in the next 2 years. Announcement • Jun 30
China Southern Power Grid Technology Co.,Ltd to Report First Half, 2025 Results on Aug 30, 2025 China Southern Power Grid Technology Co.,Ltd announced that they will report first half, 2025 results on Aug 30, 2025 Buy Or Sell Opportunity • Jun 30
Now 20% undervalued Over the last 90 days, the stock has risen 1.2% to CN¥31.46. The fair value is estimated to be CN¥39.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 93% in 2 years. Earnings are forecast to grow by 96% in the next 2 years. Announcement • Jun 05
China Southern Power Grid Technology Co.,Ltd, Annual General Meeting, Jun 27, 2025 China Southern Power Grid Technology Co.,Ltd, Annual General Meeting, Jun 27, 2025, at 14:30 China Standard Time. Location: Yuedian Building, Shuijungang, Dongfeng East Road, Yuexiu District, Guangzhou, Guangdong China New Risk • Apr 26
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 316% Dividend yield: 0.9% 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 High level of non-cash earnings (39% accrual ratio). Minor Risk Dividend is not well covered by cash flows (316% cash payout ratio). Major Estimate Revision • Apr 10
Consensus EPS estimates fall by 13%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥4.05b to CN¥4.26b. EPS estimate fell from CN¥1.05 to CN¥0.92 per share. Net income forecast to grow 42% next year vs 12% growth forecast for Construction industry in China. Consensus price target of CN¥33.60 unchanged from last update. Share price fell 7.9% to CN¥28.59 over the past week. Buy Or Sell Opportunity • Apr 09
Now 21% overvalued Over the last 90 days, the stock has fallen 4.0% to CN¥28.93. The fair value is estimated to be CN¥24.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 31% per annum. Earnings are also forecast to grow by 31% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥26.20, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 12x in the Construction industry in China. Total returns to shareholders of 72% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥24.04 per share. Reported Earnings • Mar 30
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.65 (up from CN¥0.50 in FY 2023). Revenue: CN¥3.01b (up 19% from FY 2023). Net income: CN¥365.0m (up 30% from FY 2023). Profit margin: 12% (up from 11% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 23% per year. Announcement • Mar 28
China Southern Power Grid Technology Co.,Ltd to Report Q1, 2025 Results on Apr 26, 2025 China Southern Power Grid Technology Co.,Ltd announced that they will report Q1, 2025 results on Apr 26, 2025 Price Target Changed • Mar 08
Price target decreased by 25% to CN¥28.86 Down from CN¥38.32, the current price target is provided by 1 analyst. New target price is 14% below last closing price of CN¥33.51. Stock is up 24% over the past year. The company is forecast to post earnings per share of CN¥1.08 for next year compared to CN¥0.65 last year. Reported Earnings • Feb 22
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.65 (up from CN¥0.50 in FY 2023). Revenue: CN¥3.01b (up 19% from FY 2023). Net income: CN¥365.0m (up 30% from FY 2023). Profit margin: 12% (up from 11% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 06
Now 21% overvalued Over the last 90 days, the stock has fallen 15% to CN¥30.88. The fair value is estimated to be CN¥25.61, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 28%. Revenue is forecast to grow by 121% in 2 years. Earnings are forecast to grow by 89% in the next 2 years. Board Change • Jan 26
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Ying Liu was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Buy Or Sell Opportunity • Jan 14
Now 21% overvalued Over the last 90 days, the stock has fallen 3.6% to CN¥30.74. The fair value is estimated to be CN¥25.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 28%. Revenue is forecast to grow by 121% in 2 years. Earnings are forecast to grow by 89% in the next 2 years. Announcement • Dec 27
China Southern Power Grid Technology Co.,Ltd to Report Fiscal Year 2024 Results on Mar 29, 2025 China Southern Power Grid Technology Co.,Ltd announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.072 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.072 in 3Q 2023). Revenue: CN¥554.1m (up 47% from 3Q 2023). Net income: CN¥95.2m (up 116% from 3Q 2023). Profit margin: 17% (up from 12% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Construction industry in China. Buy Or Sell Opportunity • Oct 11
Now 20% undervalued Over the last 90 days, the stock has risen 12% to CN¥32.75. The fair value is estimated to be CN¥41.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last year. Earnings per share has grown by 43%. Revenue is forecast to grow by 130% in 2 years. Earnings are forecast to grow by 101% in the next 2 years. Upcoming Dividend • Oct 04
Upcoming dividend of CN¥0.14 per share Eligible shareholders must have bought the stock before 11 October 2024. Payment date: 11 October 2024. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Chinese dividend payers (2.2%). Lower than average of industry peers (2.8%). New Risk • Sep 30
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 7.0% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.0% average weekly change). Announcement • Sep 30
China Southern Power Grid Technology Co.,Ltd to Report Q3, 2024 Results on Oct 30, 2024 China Southern Power Grid Technology Co.,Ltd announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to CN¥34.20, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 11x in the Construction industry in China. Total returns to shareholders of 21% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥41.18 per share. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.17 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.28 (up from CN¥0.17 in 2Q 2023). Revenue: CN¥1.05b (up 32% from 2Q 2023). Net income: CN¥142.5m (up 67% from 2Q 2023). Profit margin: 14% (up from 11% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Construction industry in China. Buy Or Sell Opportunity • Aug 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.8% to CN¥27.04. The fair value is estimated to be CN¥33.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last year. Earnings per share has grown by 38%. Revenue is forecast to grow by 144% in 2 years. Earnings are forecast to grow by 129% in the next 2 years. Announcement • Jun 28
China Southern Power Grid Technology Co.,Ltd to Report First Half, 2024 Results on Aug 30, 2024 China Southern Power Grid Technology Co.,Ltd announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • May 17
China Southern Power Grid Technology Co.,Ltd, Annual General Meeting, Jun 05, 2024 China Southern Power Grid Technology Co.,Ltd, Annual General Meeting, Jun 05, 2024, at 14:30 China Standard Time. Location: Yudian Building, Shuijungang, Dongfeng East Road, Yuexiu District, Guangzhou, Guangdong China Reported Earnings • May 01
First quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.05 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.07 (up from CN¥0.05 in 1Q 2023). Revenue: CN¥505.3m (up 9.8% from 1Q 2023). Net income: CN¥42.0m (up 38% from 1Q 2023). Profit margin: 8.3% (up from 6.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Construction industry in China. 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. 6 experienced directors. No highly experienced directors. Supervisor Yan Deng was the last 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: Insufficient board refreshment. Reported Earnings • Mar 31
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.50 (up from CN¥0.36 in FY 2022). Revenue: CN¥2.54b (up 42% from FY 2022). Net income: CN¥281.3m (up 37% from FY 2022). Profit margin: 11% (in line with FY 2022). Revenue missed analyst estimates by 38%. Earnings per share (EPS) also missed analyst estimates by 31%. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Construction industry in China. Announcement • Mar 29
China Southern Power Grid Technology Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024 China Southern Power Grid Technology Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 29
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥27.63, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 10x in the Construction industry in China. Total loss to shareholders of 44% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.58 per share. Reported Earnings • Feb 23
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.50 (up from CN¥0.36 in FY 2022). Revenue: CN¥2.54b (up 42% from FY 2022). Net income: CN¥281.3m (up 37% from FY 2022). Profit margin: 11% (in line with FY 2022). Revenue missed analyst estimates by 38%. Earnings per share (EPS) also missed analyst estimates by 31%. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Construction industry in China. New Risk • Feb 06
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 7.6% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥19.19, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 10x in the Construction industry in China. Total loss to shareholders of 67% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥11.83 per share. Board Change • Jan 18
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Manli Huang was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.072 (vs CN¥0.10 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.072 (down from CN¥0.10 in 3Q 2022). Revenue: CN¥377.7m (down 6.7% from 3Q 2022). Net income: CN¥44.1m (down 20% from 3Q 2022). Profit margin: 12% (down from 14% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Construction industry in China. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.11 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.17 (up from CN¥0.11 in 2Q 2022). Revenue: CN¥796.9m (up 74% from 2Q 2022). Net income: CN¥85.4m (up 12% from 2Q 2022). Profit margin: 11% (down from 17% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Construction industry in China. Announcement • Jun 28
China Southern Power Grid Technology Co.,Ltd to Report First Half, 2023 Results on Aug 29, 2023 China Southern Power Grid Technology Co.,Ltd announced that they will report first half, 2023 results on Aug 29, 2023 Upcoming Dividend • Jun 19
Upcoming dividend of CN¥0.13 per share at 0.3% yield Eligible shareholders must have bought the stock before 26 June 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Chinese dividend payers (2.0%). Lower than average of industry peers (2.7%). Reported Earnings • Apr 22
First quarter 2023 earnings released: EPS: CN¥0.05 (vs CN¥0.01 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.05 (up from CN¥0.01 in 1Q 2022). Revenue: CN¥460.0m (up 89% from 1Q 2022). Net income: CN¥30.4m (up CN¥25.8m from 1Q 2022). Profit margin: 6.6% (up from 1.9% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Construction industry in China. Buying Opportunity • Apr 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 30%. The fair value is estimated to be CN¥54.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last year. Earnings per share has grown by 8.6%. Revenue is forecast to grow by 168% in a year. Earnings is forecast to grow by 147% in the next year. Reported Earnings • Feb 27
Full year 2022 earnings released: EPS: CN¥0.36 (vs CN¥0.30 in FY 2021) Full year 2022 results: EPS: CN¥0.36 (up from CN¥0.30 in FY 2021). Revenue: CN¥1.79b (up 29% from FY 2021). Net income: CN¥205.7m (up 44% from FY 2021). Profit margin: 12% (up from 10% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 61% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Construction industry in China. Board Change • Nov 16
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Employee Supervisor Feng Tian is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 28
Third quarter 2022 earnings released Third quarter 2022 results: EPS: CN¥0.10. Net income: CN¥55.1m (up CN¥55.1m from 3Q 2021). Revenue is forecast to grow 61% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Construction industry in China. Reported Earnings • Aug 26
Second quarter 2022 earnings released Second quarter 2022 results: EPS: CN¥0.11. Net income: CN¥76.3m (up CN¥76.3m from 2Q 2021). Over the next year, revenue is forecast to grow 100%, compared to a 20% growth forecast for the Construction industry in China. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥19.40, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 10x in the Construction industry in China. Reported Earnings • Apr 27
First quarter 2022 earnings released First quarter 2022 results: EPS: CN¥0.01. Revenue: CN¥244.1m (flat on 1Q 2021). Net income: CN¥4.53m (up CN¥4.53m from 1Q 2021). Profit margin: 1.9% (up from null in 1Q 2021). Reported Earnings • Feb 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.30 (up from CN¥0.26 in FY 2020). Revenue: CN¥1.39b (up 24% from FY 2020). Net income: CN¥143.0m (up 64% from FY 2020). Profit margin: 10% (up from 7.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates.