Board Change • May 20
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 Tao Liu was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 30
Guangzhou Development Group Incorporated, Annual General Meeting, May 29, 2026 Guangzhou Development Group Incorporated, Annual General Meeting, May 29, 2026, at 09:30 China Standard Time. Location: 6F, No. 3, Linjiang Avenue, Guangzhou, Guangdong China Announcement • Mar 30
Guangzhou Development Group Incorporated to Report Q1, 2026 Results on Apr 30, 2026 Guangzhou Development Group Incorporated announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 26
Guangzhou Development Group Incorporated to Report Fiscal Year 2025 Results on Apr 18, 2026 Guangzhou Development Group Incorporated announced that they will report fiscal year 2025 results on Apr 18, 2026 Announcement • Sep 30
Guangzhou Development Group Incorporated to Report Q3, 2025 Results on Oct 31, 2025 Guangzhou Development Group Incorporated announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jun 30
Guangzhou Development Group Incorporated to Report First Half, 2025 Results on Aug 30, 2025 Guangzhou Development Group Incorporated announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • Apr 30
Guangzhou Development Group Incorporated, Annual General Meeting, May 30, 2025 Guangzhou Development Group Incorporated, Annual General Meeting, May 30, 2025, at 09:30 China Standard Time. Location: 6F, No. 3, Linjiang Avenue, Guangzhou, Guangdong China Announcement • Mar 28
Guangzhou Development Group Incorporated to Report Q1, 2025 Results on Apr 30, 2025 Guangzhou Development Group Incorporated announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Guangzhou Development Group Incorporated to Report Fiscal Year 2024 Results on Apr 30, 2025 Guangzhou Development Group Incorporated announced that they will report fiscal year 2024 results on Apr 30, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.12 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.12 in 3Q 2023). Revenue: CN¥13.1b (up 18% from 3Q 2023). Net income: CN¥439.9m (up 7.0% from 3Q 2023). Profit margin: 3.3% (down from 3.7% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥6.73, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Oil and Gas industry in China. Total loss to shareholders of 15% over the past three years. Announcement • Sep 30
Guangzhou Development Group Incorporated to Report Q3, 2024 Results on Oct 31, 2024 Guangzhou Development Group Incorporated announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Sep 04
Second quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.20 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.20 (down from CN¥0.20 in 2Q 2023). Revenue: CN¥12.2b (up 4.4% from 2Q 2023). Net income: CN¥699.5m (down 1.8% from 2Q 2023). Profit margin: 5.7% (down from 6.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Jun 28
Guangzhou Development Group Incorporated to Report First Half, 2024 Results on Aug 31, 2024 Guangzhou Development Group Incorporated announced that they will report first half, 2024 results on Aug 31, 2024 Declared Dividend • Jun 21
Dividend increased to CN¥0.25 Dividend of CN¥0.25 is 25% higher than last year. Ex-date: 27th June 2024 Payment date: 27th June 2024 Dividend yield will be 3.8%, which is lower than the industry average of 8.0%. Sustainability & Growth Dividend is covered by earnings (52% 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 5.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 29
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 Tao Liu was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 01
Guangzhou Development Group Incorporated, Annual General Meeting, May 30, 2024 Guangzhou Development Group Incorporated, Annual General Meeting, May 30, 2024, at 09:30 China Standard Time. Location: 6F, No. 3, Linjiang Avenue, Guangzhou, Guangdong China Reported Earnings • Apr 14
Full year 2023 earnings released: EPS: CN¥0.47 (vs CN¥0.39 in FY 2022) Full year 2023 results: EPS: CN¥0.47 (up from CN¥0.39 in FY 2022). Revenue: CN¥46.8b (down 2.3% from FY 2022). Net income: CN¥1.64b (up 21% from FY 2022). Profit margin: 3.5% (up from 2.8% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Oil and Gas industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥7.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Oil and Gas industry in China. Total returns to shareholders of 16% over the past three years. Announcement • Mar 29
Guangzhou Development Group Incorporated to Report Q1, 2024 Results on Apr 30, 2024 Guangzhou Development Group Incorporated announced that they will report Q1, 2024 results on Apr 30, 2024 Reported Earnings • Mar 03
Full year 2023 earnings released: EPS: CN¥0.47 (vs CN¥0.39 in FY 2022) Full year 2023 results: EPS: CN¥0.47 (up from CN¥0.39 in FY 2022). Revenue: CN¥46.8b (down 2.3% from FY 2022). Net income: CN¥1.64b (up 21% from FY 2022). Profit margin: 3.5% (up from 2.8% in FY 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 59% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in China are expected to grow by 3.3%. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Dec 29
Guangzhou Development Group Incorporated to Report Fiscal Year 2023 Results on Apr 10, 2024 Guangzhou Development Group Incorporated announced that they will report fiscal year 2023 results on Apr 10, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.14 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.14 in 3Q 2022). Revenue: CN¥11.1b (down 25% from 3Q 2022). Net income: CN¥411.2m (down 18% from 3Q 2022). Profit margin: 3.7% (up from 3.4% in 3Q 2022). The increase in margin was driven by lower expenses. 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 • Sep 02
Second quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.13 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.20 (up from CN¥0.13 in 2Q 2022). Revenue: CN¥11.7b (down 5.7% from 2Q 2022). Net income: CN¥712.3m (up 56% from 2Q 2022). Profit margin: 6.1% (up from 3.7% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year. Reported Earnings • Apr 08
Full year 2022 earnings released: EPS: CN¥0.39 (vs CN¥0.074 in FY 2021) Full year 2022 results: EPS: CN¥0.39 (up from CN¥0.074 in FY 2021). Revenue: CN¥47.9b (up 26% from FY 2021). Net income: CN¥1.35b (up CN¥1.15b from FY 2021). Profit margin: 2.8% (up from 0.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.03 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.14 (up from CN¥0.03 in 3Q 2021). Revenue: CN¥14.8b (up 44% from 3Q 2021). Net income: CN¥501.8m (up CN¥422.3m from 3Q 2021). Profit margin: 3.4% (up from 0.8% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.17 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.13 (down from CN¥0.17 in 2Q 2021). Revenue: CN¥12.4b (up 39% from 2Q 2021). Net income: CN¥456.7m (down 1.6% from 2Q 2021). Profit margin: 3.7% (down from 5.2% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.075 (vs CN¥0.075 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.075 (vs CN¥0.075 in 1Q 2021). Revenue: CN¥8.37b (down 6.9% from 1Q 2021). Net income: CN¥260.7m (up 31% from 1Q 2021). Profit margin: 3.1% (up from 2.2% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. 4 independent directors (5 non-independent directors). Chairman Zhulin Wu was the last director to join the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 10
Full year 2021 earnings released: EPS: CN¥0.074 (vs CN¥0.34 in FY 2020) Full year 2021 results: EPS: CN¥0.074 (down from CN¥0.34 in FY 2020). Revenue: CN¥38.0b (up 20% from FY 2020). Net income: CN¥202.7m (down 78% from FY 2020). Profit margin: 0.5% (down from 2.8% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥6.91, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 21x in the Renewable Energy industry in China. Total returns to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥8.95, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 25x in the Renewable Energy industry in China. Total returns to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥8.03, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 23x in the Renewable Energy industry in China. Total returns to shareholders of 38% over the past three years. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.17 (vs CN¥0.16 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥8.89b (up 14% from 2Q 2020). Net income: CN¥464.1m (up 10% from 2Q 2020). Profit margin: 5.2% (down from 5.4% 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 13% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 04
First quarter 2021 earnings released: EPS CN¥0.075 (vs CN¥0.043 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥8.99b (up 43% from 1Q 2020). Net income: CN¥199.6m (up 72% from 1Q 2020). Profit margin: 2.2% (up from 1.8% in 1Q 2020). The increase in margin was driven by higher revenue. 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 5% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥0.34 (vs CN¥0.30 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥31.7b (up 7.0% from FY 2019). Net income: CN¥903.5m (up 12% from FY 2019). Profit margin: 2.8% (up from 2.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 31
New 90-day low: CN¥5.62 The company is down 1.0% from its price of CN¥5.67 on 03 November 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 4.0% over the same period. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥7.22, the stock is trading at a trailing P/E ratio of 20.2x, up from the previous P/E ratio of 17.2x. This compares to an average P/E of 17x in the Renewable Energy industry in China. Total returns to shareholders over the past three years are 7.5%. Is New 90 Day High Low • Dec 08
New 90-day high: CN¥6.10 The company is up 4.0% from its price of CN¥5.87 on 09 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is down 1.0% over the same period. Reported Earnings • Nov 03
Third quarter 2020 earnings released: EPS CN¥0.12 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥8.73b (up 3.1% from 3Q 2019). Net income: CN¥310.7m (up 34% from 3Q 2019). Profit margin: 3.6% (up from 2.7% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 29
New 90-day low: CN¥5.66 The company is down 4.0% from its price of CN¥5.87 on 31 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 2.0% over the same period.