Reported Earnings • Apr 24
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.01 (down from CN¥0.071 in FY 2024). Revenue: CN¥23.8b (down 16% from FY 2024). Net income: CN¥208.6m (down 87% from FY 2024). Profit margin: 0.9% (down from 5.5% in FY 2024). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 37%. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Apr 23
Wintime Energy Group Co.,Ltd., Annual General Meeting, May 28, 2026 Wintime Energy Group Co.,Ltd., Annual General Meeting, May 28, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Taiyuan, Shanxi China Announcement • Mar 30
Wintime Energy Group Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Wintime Energy Group Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Dec 26
Wintime Energy Group Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Wintime Energy Group Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Announcement • Dec 03
Wintime Energy Group Co.,Ltd. (SHSE:600157) announces an Equity Buyback for CNY 500 million worth of its shares. Wintime Energy Group Co.,Ltd. (SHSE:600157) announces a share repurchase program. Under the program, the company will repurchase up to CNY 500 million worth of its A shares. The shares will be repurchased at no more than CNY 2.50 per share. The purpose of the program is to reduce registered capital. The repurchased shares will be cancelled. The program will be funded from company's own funds and self-financing. The program is subject to shareholders approval. The plan will be valid for 12 months from shareholders approval. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.003 (vs CN¥0.012 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.003 (down from CN¥0.012 in 3Q 2024). Revenue: CN¥7.05b (down 10% from 3Q 2024). Net income: CN¥72.0m (down 74% from 3Q 2024). Profit margin: 1.0% (down from 3.5% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Sep 30
Wintime Energy Group Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Wintime Energy Group Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥1.71, the stock trades at a forward P/E ratio of 69x. Average forward P/E is 14x in the Renewable Energy industry in China. Total returns to shareholders of 2.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥3.00 per share. Reported Earnings • Aug 27
Second quarter 2025 earnings released: EPS: CN¥0.004 (vs CN¥0.032 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.004 (down from CN¥0.032 in 2Q 2024). Revenue: CN¥5.04b (down 30% from 2Q 2024). Net income: CN¥74.9m (down 90% from 2Q 2024). Profit margin: 1.5% (down from 10% in 2Q 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 4.8% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Jun 30
Wintime Energy Group Co.,Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Wintime Energy Group Co.,Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 New Risk • May 02
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: 4.3% Last year net profit margin: 7.6% 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. This is currently the only risk that has been identified for the company. Announcement • Apr 29
Wintime Energy Group Co.,Ltd., Annual General Meeting, May 28, 2025 Wintime Energy Group Co.,Ltd., Annual General Meeting, May 28, 2025, at 14:30 China Standard Time. Announcement • Mar 28
Wintime Energy Group Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Wintime Energy Group Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 27
Wintime Energy Group Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Wintime Energy Group Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥1.85, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Renewable Energy industry in China. Total loss to shareholders of 1.2% over the past three years. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥1.69, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Renewable Energy industry in China. Negligible returns to shareholders over past three years. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.012 (vs CN¥0.027 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.012 (down from CN¥0.027 in 3Q 2023). Revenue: CN¥7.86b (down 1.7% from 3Q 2023). Net income: CN¥274.4m (down 55% from 3Q 2023). Profit margin: 3.5% (down from 7.6% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 7% per year. Announcement • Sep 30
Wintime Energy Group Co.,Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Wintime Energy Group Co.,Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥1.22, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Renewable Energy industry in China. Total loss to shareholders of 39% over the past three years. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.032 (vs CN¥0.027 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.032 (up from CN¥0.027 in 2Q 2023). Revenue: CN¥7.19b (up 4.0% from 2Q 2023). Net income: CN¥722.9m (up 22% from 2Q 2023). Profit margin: 10% (up from 8.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 16% per year. Announcement • Jul 24
Wintime Energy Group Co.,Ltd. (SHSE:600157) announces an Equity Buyback for CNY 300 million worth of its shares. Wintime Energy Group Co.,Ltd. (SHSE:600157) announces a share repurchase program. Under the program, the company will repurchase up to CNY 300 million worth of its shares. The shares will be repurchased at no more than CNY 1.89 per share. The purpose of the program is to use the repurchased shares for employee stock ownership plan or equity incentive. The program will be funded from company's own funds. The plan will be valid for 12 months. Announcement • Jun 28
Wintime Energy Group Co.,Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Wintime Energy Group Co.,Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Announcement • May 16
Wintime Energy Group Co.,Ltd. (SHSE:600157) agreed to acquire 49% stake in Beijing Detai Energy Storage Technology Co., Ltd. from Hainan Haide Capital Management Co., Ltd. (SZSE:000567) for CNY 92 million. Wintime Energy Group Co.,Ltd. (SHSE:600157) agreed to acquire 49% stake in Beijing Detai Energy Storage Technology Co., Ltd. from Hainan Haide Capital Management Co., Ltd. (SZSE:000567) for CNY 92 million on May 12, 2024. Beijing Detai reported total assets of CNY 887.4 million and shareholder's equity of CNY 211.4 million as of March 31, 2024. Hainan Haide Capital Management Co., Ltd held the 8th meeting of the 10th Board of Directors on May 12, 2024, and reviewed and approved the transaction. Announcement • Apr 27
Wintime Energy Group Co.,Ltd., Annual General Meeting, Jun 27, 2024 Wintime Energy Group Co.,Ltd., Annual General Meeting, Jun 27, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Taiyuan, Shanxi China Reported Earnings • Apr 26
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: CN¥0.10 (up from CN¥0.086 in FY 2022). Revenue: CN¥30.1b (down 15% from FY 2022). Net income: CN¥2.27b (up 19% from FY 2022). Profit margin: 7.5% (up from 5.4% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 16%. Earnings per share (EPS) exceeded analyst estimates by 2.0%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Mar 30
Wintime Energy Group Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Wintime Energy Group Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Announcement • Dec 29
Wintime Energy Group Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Wintime Energy Group Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.027 (vs CN¥0.035 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.027 (down from CN¥0.035 in 3Q 2022). Revenue: CN¥8.00b (down 22% from 3Q 2022). Net income: CN¥611.2m (down 21% from 3Q 2022). Profit margin: 7.6% (up from 7.5% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Sep 30
Wintime Energy Group Co.,Ltd. to Report Q3, 2023 Results on Oct 26, 2023 Wintime Energy Group Co.,Ltd. announced that they will report Q3, 2023 results on Oct 26, 2023 New Risk • Aug 17
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company. New Risk • Aug 16
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 46% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: CN¥0.027 (vs CN¥0.02 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.027 (up from CN¥0.02 in 2Q 2022). Revenue: CN¥6.91b (down 22% from 2Q 2022). Net income: CN¥594.0m (up 34% from 2Q 2022). Profit margin: 8.6% (up from 5.0% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Jun 28
Wintime Energy Group Co.,Ltd. to Report First Half, 2023 Results on Aug 15, 2023 Wintime Energy Group Co.,Ltd. announced that they will report first half, 2023 results on Aug 15, 2023 Board Change • Nov 16
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. 5 non-independent directors. Supervisor Hailiang Cui was the last 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 • Oct 26
Third quarter 2022 earnings released: EPS: CN¥0.035 (vs CN¥0.012 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.035 (up from CN¥0.012 in 3Q 2021). Revenue: CN¥10.3b (up 48% from 3Q 2021). Net income: CN¥771.0m (up 195% from 3Q 2021). Profit margin: 7.5% (up from 3.8% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% 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 • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.02 (vs CN¥0.011 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.02 (up from CN¥0.011 in 2Q 2021). Revenue: CN¥8.85b (up 46% from 2Q 2021). Net income: CN¥444.3m (up 81% from 2Q 2021). Profit margin: 5.0% (up from 4.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 3.8% compared to a 15% growth forecast for the Renewable Energy industry in China. 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 3% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
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. 5 non-independent directors. Independent Director Wu Tang Dai was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.012 (vs CN¥0.008 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥6.96b (up 23% from 3Q 2020). Net income: CN¥261.7m (up 172% from 3Q 2020). Profit margin: 3.8% (up from 1.7% in 3Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥2.24, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 13x in the Oil and Gas industry in China. Total returns to shareholders of 45% over the past year. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.011 (vs CN¥0.006 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥6.05b (up 11% from 2Q 2020). Net income: CN¥246.1m (up 232% from 2Q 2020). Profit margin: 4.1% (up from 1.4% in 2Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥1.88, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 11x in the Oil and Gas industry in China. Total returns to shareholders of 25% over the past year. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥0.20 (vs CN¥0.011 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥22.1b (up 4.5% from FY 2019). Net income: CN¥4.48b (up CN¥4.34b from FY 2019). Profit margin: 20% (up from 0.7% in FY 2019). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 20
New 90-day high: CN¥1.51 The company is up 16% from its price of CN¥1.30 on 22 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.51 per share. Announcement • Oct 27
Wintime Energy Co.,Ltd. to Report Q3, 2020 Results on Oct 30, 2020 Wintime Energy Co.,Ltd. announced that they will report Q3, 2020 results on Oct 30, 2020 Is New 90 Day High Low • Oct 10
New 90-day low: CN¥1.24 The company is down 11% from its price of CN¥1.40 on 10 July 2020. The Chinese market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.02 per share. Announcement • Jul 17
Wintime Energy Co.,Ltd. to Report First Half, 2020 Results on Aug 29, 2020 Wintime Energy Co.,Ltd. announced that they will report first half, 2020 results on Aug 29, 2020 
