Announcement • Mar 31
Windey Energy Technology Group Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Windey Energy Technology Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Announcement • Mar 23
Windey Energy Technology Group Co., Ltd., Annual General Meeting, May 15, 2026 Windey Energy Technology Group Co., Ltd., Annual General Meeting, May 15, 2026, at 13:30 China Standard Time. Location: 23F, Tower A, No. 391, Wen'er Road, Hangzhou, Zhejiang China Announcement • Dec 31
Windey Energy Technology Group Co., Ltd. to Report Fiscal Year 2025 Results on Mar 24, 2026 Windey Energy Technology Group Co., Ltd. announced that they will report fiscal year 2025 results on Mar 24, 2026 Announcement • Sep 30
Windey Energy Technology Group Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Windey Energy Technology Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jul 02
Windey Energy Technology Group Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Windey Energy Technology Group Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • May 22
Windey Energy Technology Group Co., Ltd. Approves Dividend for 2024 Windey Energy Technology Group Co., Ltd. held its Annual General Meeting of 2024 on 16 May 2025, approved Cash dividend/10 shares (tax included): CNY0.60000000 for 2024. Announcement • Apr 01
Windey Energy Technology Group Co., Ltd. Proposes Final Cash Dividend for the Year 2024 On March 31, 2025, Windey Energy Technology Group Co., Ltd. proposed final cash dividend for the year 2024 as follows: Cash dividend/10 shares (tax included): CNY 0.60000000. Announcement • Mar 31
Windey Energy Technology Group Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Windey Energy Technology Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Mar 29
Windey Energy Technology Group Co., Ltd., Annual General Meeting, May 16, 2025 Windey Energy Technology Group Co., Ltd., Annual General Meeting, May 16, 2025, at 13:30 China Standard Time. Location: 23F, Tower A, No. 391, Wen'er Road, Hangzhou, Zhejiang China Announcement • Dec 31
Windey Energy Technology Group Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Windey Energy Technology Group Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 28
Third quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.15 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.15 in 3Q 2023). Revenue: CN¥5.30b (up 26% from 3Q 2023). Net income: CN¥119.3m (up 16% from 3Q 2023). Profit margin: 2.3% (down from 2.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥11.17, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Electrical industry in China. Total returns to shareholders of 3.2% over the past year. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to CN¥11.87, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Electrical industry in China. Total returns to shareholders of 6.7% over the past year. Announcement • Sep 30
Windey Energy Technology Group Co., Ltd. to Report Q3, 2024 Results on Oct 28, 2024 Windey Energy Technology Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 28, 2024 Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.11 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.11 (up from CN¥0.11 in 2Q 2023). Revenue: CN¥4.88b (up 37% from 2Q 2023). Net income: CN¥76.8m (up 3.1% from 2Q 2023). Profit margin: 1.6% (down from 2.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥11.38, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Electrical industry in China. Total loss to shareholders of 14% over the past year. Declared Dividend • Jul 05
Dividend reduced to CN¥0.05 Dividend of CN¥0.05 is 50% lower than last year. Ex-date: 10th July 2024 Payment date: 10th July 2024 Dividend yield will be 0.5%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (8% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 128% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 29
Windey Energy Technology Group Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Windey Energy Technology Group Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • Apr 29
Windey Energy Technology Group Co., Ltd., Annual General Meeting, May 17, 2024 Windey Energy Technology Group Co., Ltd., Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Location: 23F, Tower A, No. 391, Wen'er Road, Hangzhou, Zhejiang China Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.10 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.10 in 1Q 2023). Revenue: CN¥3.75b (up 7.8% from 1Q 2023). Net income: CN¥70.7m (down 4.2% from 1Q 2023). Profit margin: 1.9% (down from 2.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Reported Earnings • Apr 20
Full year 2023 earnings released: EPS: CN¥0.60 (vs CN¥1.00 in FY 2022) Full year 2023 results: EPS: CN¥0.60 (down from CN¥1.00 in FY 2022). Revenue: CN¥18.7b (up 7.7% from FY 2022). Net income: CN¥414.1m (down 33% from FY 2022). Profit margin: 2.2% (down from 3.5% in FY 2022). Announcement • Mar 30
Windey Energy Technology Group Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Windey Energy Technology Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 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¥7.80, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Electrical industry in China. Total loss to shareholders of 13% over the past three years. Announcement • Dec 29
Windey Energy Technology Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 19, 2024 Windey Energy Technology Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 19, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.31 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.15 (down from CN¥0.31 in 3Q 2022). Revenue: CN¥4.20b (up 9.1% from 3Q 2022). Net income: CN¥102.8m (down 38% from 3Q 2022). Profit margin: 2.5% (down from 4.3% in 3Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Zhejiang Windey Co.,Ltd. to Report Q3, 2023 Results on Oct 28, 2023 Zhejiang Windey Co.,Ltd. announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 28, 2023 New Risk • Aug 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 62% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (62% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.7% net profit margin). Shareholders have been diluted in the past year (29% increase in shares outstanding). Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.34 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.11 (down from CN¥0.34 in 2Q 2022). Revenue: CN¥3.55b (up 5.7% from 2Q 2022). Net income: CN¥74.5m (down 59% from 2Q 2022). Profit margin: 2.1% (down from 5.5% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Jul 06
Zhejiang Windey Co.,Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on July 10, 2023 Zhejiang Windey Co.,Ltd. announced final cash dividend/10 shares (tax included) of CNY 1.00000000 on A shares for the year 2022. Record date is July 10, 2023. Ex-date is July 11, 2023. Payment date is July 11, 2023. Announcement • May 18
Zhejiang Windey Co.,Ltd. Approves Cash Dividend for 2022 Zhejiang Windey Co.,Ltd. announced that at the Annual General Meeting of 2022 held on 16 May 2023 approved Cash dividend/10 shares (tax included) of CNY 1.00000000 for 2022. Reported Earnings • Apr 19
Full year 2022 earnings released: EPS: CN¥1.00 (vs CN¥0.99 in FY 2021) Full year 2022 results: EPS: CN¥1.00 (up from CN¥0.99 in FY 2021). Revenue: CN¥17.4b (up 8.4% from FY 2021). Net income: CN¥616.5m (up 26% from FY 2021). Profit margin: 3.5% (up from 3.1% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Board Change • Nov 22
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Independent Director Ying Li 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 25
Third quarter 2022 earnings released: EPS: CN¥0.31 (vs CN¥0.27 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.31 (up from CN¥0.27 in 3Q 2021). Revenue: CN¥3.85b (up 2.1% from 3Q 2021). Net income: CN¥164.6m (up 27% from 3Q 2021). Profit margin: 4.3% (up from 3.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Electrical industry in China. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥21.08, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Electrical industry in China. Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥19.91, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 20x in the Electrical industry in China. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.18 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.34 (up from CN¥0.18 in 2Q 2021). Revenue: CN¥3.36b (up 12% from 2Q 2021). Net income: CN¥183.2m (up 118% from 2Q 2021). Profit margin: 5.5% (up from 2.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.1%, compared to a 55% growth forecast for the Electrical industry in China. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥28.71, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 28x in the Electrical industry in China. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥23.60, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 24x in the Electrical industry in China. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥19.10, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 20x in the Electrical industry in China. Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: CN¥0.33 (vs CN¥0.092 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.33 (up from CN¥0.092 in 1Q 2021). Revenue: CN¥3.41b (up 69% from 1Q 2021). Net income: CN¥111.8m (up 158% from 1Q 2021). Profit margin: 3.3% (up from 2.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.9%, compared to a 57% growth forecast for the industry in China. Board Change • Apr 27
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Independent Director Ying Li 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. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥17.91, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 20x in the Electrical industry in China. Reported Earnings • Mar 09
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CN¥1.59 (up from CN¥0.59 in FY 2020). Revenue: CN¥16.0b (up 40% from FY 2020). Net income: CN¥489.8m (up 183% from FY 2020). Profit margin: 3.1% (up from 1.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 18%. Over the next year, revenue is forecast to grow 4.0%, compared to a 62% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥37.65, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 26x in the Electrical industry in China. Total returns to shareholders of 128% over the past year. Board Change • Dec 23
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 2 experienced directors. No highly experienced directors. Independent Director Ying Li 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.