ZHEJIANG NARADA POWER SOURCE Future Growth

Future criteria checks 4/6

ZHEJIANG NARADA POWER SOURCE is forecast to grow earnings and revenue by 62.2% and 18.7% per annum respectively. EPS is expected to grow by 62.1% per annum. Return on equity is forecast to be 11.1% in 3 years.

Key information

62.2%

Earnings growth rate

62.1%

EPS growth rate

Electrical earnings growth	26.5%
Revenue growth rate	18.7%
Future return on equity	11.1%
Analyst coverage	Low
Last updated	05 Sep 2024

Recent future growth updates

Recent updates

Investors Give ZHEJIANG NARADA POWER SOURCE Co. , Ltd. (SZSE:300068) Shares A 30% Hiding

Nov 22

Further Upside For ZHEJIANG NARADA POWER SOURCE Co. , Ltd. (SZSE:300068) Shares Could Introduce Price Risks After 45% Bounce

Oct 03

ZHEJIANG NARADA POWER SOURCE Co. , Ltd.'s (SZSE:300068) Shares Not Telling The Full Story

Aug 19

ZHEJIANG NARADA POWER SOURCE's (SZSE:300068) Strong Earnings Are Of Good Quality

Apr 30

Market Cool On ZHEJIANG NARADA POWER SOURCE Co. , Ltd.'s (SZSE:300068) Revenues Pushing Shares 26% Lower

Apr 16

Is ZHEJIANG NARADA POWER SOURCE (SZSE:300068) Using Too Much Debt?

Mar 22

ZHEJIANG NARADA POWER SOURCE Co. , Ltd.'s (SZSE:300068) Subdued P/S Might Signal An Opportunity

Mar 01

Earnings and Revenue Growth Forecasts

SZSE:300068 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	19,407	792	-31	1,541	2
12/31/2025	17,573	684	-143	1,189	2
12/31/2024	15,548	511	-141	1,027	2
9/30/2024	11,497	-175	-1,070	846	N/A
6/30/2024	12,512	-85	-910	999	N/A
3/31/2024	13,451	17	-1,460	342	N/A
12/31/2023	14,666	36	-496	631	N/A
9/30/2023	14,292	183	-1,801	-1,138	N/A
6/30/2023	14,009	109	-1,416	-754	N/A
3/31/2023	13,048	-45	-424	351	N/A
1/1/2023	11,749	333	-384	460	N/A
9/30/2022	10,235	-693	459	1,112	N/A
6/30/2022	10,884	-878	-81	631	N/A
3/31/2022	11,286	-921	25	799	N/A
1/1/2022	11,848	-1,370	-595	322	N/A
9/30/2021	12,921	-816	-431	785	N/A
6/30/2021	12,749	-547	-441	854	N/A
3/31/2021	12,246	-306	-733	419	N/A
12/31/2020	10,260	-281	-564	381	N/A
9/30/2020	9,967	505	-743	-173	N/A
6/30/2020	9,135	420	-186	289	N/A
3/31/2020	8,694	218	-93	605	N/A
12/31/2019	9,008	369	-557	282	N/A
9/30/2019	7,953	137	-113	765	N/A
6/30/2019	7,915	193	-317	957	N/A
3/31/2019	7,966	312	-893	690	N/A
12/31/2018	8,063	242	-1,421	248	N/A
9/30/2018	8,872	448	-1,875	189	N/A
6/30/2018	9,048	526	N/A	-455	N/A
3/31/2018	8,644	450	N/A	-422	N/A
12/31/2017	8,637	381	N/A	304	N/A
9/30/2017	8,573	450	N/A	-11	N/A
6/30/2017	7,915	331	N/A	31	N/A
3/31/2017	7,552	335	N/A	-30	N/A
12/31/2016	7,141	329	N/A	5	N/A
9/30/2016	6,602	309	N/A	98	N/A
6/30/2016	6,052	277	N/A	-25	N/A
3/31/2016	5,742	236	N/A	-53	N/A
12/31/2015	5,153	203	N/A	42	N/A
9/30/2015	4,414	135	N/A	-53	N/A
6/30/2015	4,108	110	N/A	-48	N/A
3/31/2015	3,865	87	N/A	-189	N/A
12/31/2014	3,786	106	N/A	40	N/A
9/30/2014	3,813	149	N/A	-70	N/A
6/30/2014	3,563	150	N/A	-75	N/A
3/31/2014	3,532	148	N/A	232	N/A
12/31/2013	3,508	130	N/A	78	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 300068 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.8%).

Earnings vs Market: 300068 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 300068 is expected to become profitable in the next 3 years.

Revenue vs Market: 300068's revenue (18.7% per year) is forecast to grow faster than the CN market (13.7% per year).

High Growth Revenue: 300068's revenue (18.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 300068's Return on Equity is forecast to be low in 3 years time (11.1%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/30 19:38
End of Day Share Price	2024/12/30 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

ZHEJIANG NARADA POWER SOURCE Co. , Ltd. is covered by 16 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Cheng Shen	BOCI Research Ltd.
Bo Hua Wu	Changjiang Securities Co. LTD.
Tao Zeng	China International Capital Corporation Limited

ZHEJIANG NARADA POWER SOURCE Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Consensus revenue estimates fall by 15%

Recent updates

Investors Give ZHEJIANG NARADA POWER SOURCE Co. , Ltd. (SZSE:300068) Shares A 30% Hiding

Third quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.18 in 3Q 2023)

Further Upside For ZHEJIANG NARADA POWER SOURCE Co. , Ltd. (SZSE:300068) Shares Could Introduce Price Risks After 45% Bounce

ZHEJIANG NARADA POWER SOURCE Co. , Ltd. to Report Q3, 2024 Results on Oct 30, 2024

New minor risk - Share price stability

Second quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.23 in 2Q 2023)

ZHEJIANG NARADA POWER SOURCE Co. , Ltd.'s (SZSE:300068) Shares Not Telling The Full Story

Guangzhou Suikai Shunhui Industrial Investment Fund Partnership Enterprise (Limited Partnership) completed the acquisition of 2.1804% stake in KH Automotive Technologies (Zhejiang) Co., Ltd. from ZHEJIANG NARADA POWER SOURCE Co. , Ltd. (SZSE:300068).

ZHEJIANG NARADA POWER SOURCE Co. , Ltd. Implements Final Cash Dividend of A Shares for 2023, Payable on 15 July 2024

ZHEJIANG NARADA POWER SOURCE Co. , Ltd. to Report First Half, 2024 Results on Aug 30, 2024

Less than half of directors are independent

Consensus revenue estimates fall by 15%

ZHEJIANG NARADA POWER SOURCE's (SZSE:300068) Strong Earnings Are Of Good Quality

ZHEJIANG NARADA POWER SOURCE Co. , Ltd., Annual General Meeting, May 21, 2024

First quarter 2024 earnings released: EPS: CN¥0.09 (vs CN¥0.12 in 1Q 2023)

New major risk - Revenue and earnings growth

Market Cool On ZHEJIANG NARADA POWER SOURCE Co. , Ltd.'s (SZSE:300068) Revenues Pushing Shares 26% Lower

Investor sentiment deteriorates as stock falls 15%

ZHEJIANG NARADA POWER SOURCE Co. , Ltd. to Report Q1, 2024 Results on Apr 24, 2024

Is ZHEJIANG NARADA POWER SOURCE (SZSE:300068) Using Too Much Debt?

ZHEJIANG NARADA POWER SOURCE Co. , Ltd.'s (SZSE:300068) Subdued P/S Might Signal An Opportunity

ZHEJIANG NARADA POWER SOURCE Co. , Ltd. (SZSE:300068) announces an Equity Buyback for CNY 200 million worth of its shares.

New minor risk - Share price stability

Investor sentiment deteriorates as stock falls 21%

ZHEJIANG NARADA POWER SOURCE Co. , Ltd. to Report Fiscal Year 2023 Results on Apr 22, 2024

New major risk - Earnings quality

Third quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.087 in 3Q 2022)

Less than half of directors are independent

New major risk - Financial position

Second quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.057 in 2Q 2022)

Third quarter 2022 earnings released: EPS: CN¥0.087 (vs CN¥0.14 loss in 3Q 2021)

High number of new directors

Now 22% undervalued

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Insufficient new directors

Full year 2021 earnings: EPS and revenues miss analyst expectations

Third quarter 2021 earnings released: CN¥0.14 loss per share (vs CN¥0.19 profit in 3Q 2020)

Second quarter 2021 earnings released: EPS CN¥0.009 (vs CN¥0.31 in 2Q 2020)

Zhejiang Narada Power Source Co., Ltd. Approves Cash Dividend for the Year 2020

Zhejiang Narada Power Source Co., Ltd. Announces Final Dividend Profit Distribution Proposal for 2020

First quarter 2021 earnings released: EPS CN¥0.03 (vs CN¥0.06 in 1Q 2020)

Full year 2020 earnings released: CN¥0.32 loss per share (vs CN¥0.42 profit in FY 2019)

New 90-day low: CN¥11.90

Investor sentiment deteriorated over the past week

New 90-day low: CN¥13.82

New 90-day low: CN¥14.18

Third quarter earnings released

New 90-day high: CN¥16.96

Zhejiang Narada Power Source Co., Ltd. (SZSE:300068) entered into an agreement to acquire additional 17.86% stake in Xinyuan Power Co., Ltd. from Dalian Institute of Chemical Physics, Chinese Academy of Sciences for CNY 110 million.

New 90-day high - CN¥15.90

First half earnings released

Zhejiang Narada Power Source Co., Ltd. to Report First Half, 2020 Results on Aug 27, 2020

New 90-day high - CN¥14.41

Zhejiang Narada Power Source Co., Ltd. announced that it expects to receive CNY 1.41 billion in funding