Announcement • May 02
China Yangtze Power Co., Ltd. Proposes Final Cash Dividend for the Reporting Period from January 1, 2025 to December 31, 2025 China Yangtze Power Co., Ltd. board, adopted a profit distribution plan for 2025 and resolved to submit it to the 2025 Annual General Meeting of Shareholders for approval. Based on total share capital of 24,468,217,716 shares as of end-2025, the company plans a total cash dividend of RMB 10.00 per 10 shares (tax included), amounting to RMB 24,468,217,716.00. Of this, an interim cash dividend of RMB 2.10 per 10 shares (total RMB 5,138,325,720.36) was already paid on February 12, 2026. The proposed final cash dividend is RMB 7.90 per 10 shares, totaling RMB 19,329,891,995.64, for the reporting period from January 1, 2025 to December 31, 2025. No capital reserve will be converted into share capital. This distribution plan will be submitted to the 2025 Annual General Meeting of Shareholders for review. Announcement • Apr 30
China Yangtze Power Co., Ltd., Annual General Meeting, May 21, 2026 China Yangtze Power Co., Ltd., Annual General Meeting, May 21, 2026, at 09:30 China Standard Time. Location: 4F, Tower A, No. 88, Sanyang Road, Jiang'an District, Wuhan, Hubei China Reported Earnings • Apr 30
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: CN¥0.28 (up from CN¥0.21 in 1Q 2025). Revenue: CN¥18.1b (up 6.4% from 1Q 2025). Net income: CN¥6.76b (up 31% from 1Q 2025). Profit margin: 37% (up from 30% in 1Q 2025). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Revenue is forecast to stay flat 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 increased by 15% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
China Yangtze Power Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 China Yangtze Power Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Jan 14
Full year 2025 earnings released: EPS: CN¥1.40 (vs CN¥1.33 in FY 2024) Full year 2025 results: EPS: CN¥1.40 (up from CN¥1.33 in FY 2024). Revenue: CN¥85.9b (up 1.6% from FY 2024). Net income: CN¥34.2b (up 5.1% from FY 2024). Profit margin: 40% (up from 39% in FY 2024). Revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Jan 01
China Yangtze Power Co., Ltd. Announces 2025 Interim Profit Distribution Plan China Yangtze Power Co., Ltd. announced interim Profit Distribution Plan. Based on the total share capital of 24,468,217,716 shares, a cash dividend of RMB 2.10 (tax included) shall be distributed per 10 shares, amounting to a total cash dividend of RMB 5,138,325,720.36 (tax included). Announcement • Dec 26
China Yangtze Power Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 China Yangtze Power Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 New Risk • Oct 31
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 31
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: CN¥0.62 (down from CN¥0.68 in 3Q 2024). Revenue: CN¥29.0b (down 7.9% from 3Q 2024). Net income: CN¥15.1b (down 9.2% from 3Q 2024). Profit margin: 52% (in line with 3Q 2024). Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 12% per year. Announcement • Sep 30
China Yangtze Power Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 China Yangtze Power Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Reported Earnings • Aug 31
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: CN¥0.32 (up from CN¥0.30 in 2Q 2024). Revenue: CN¥19.7b (up 2.6% from 2Q 2024). Net income: CN¥7.88b (up 6.4% from 2Q 2024). Profit margin: 40% (up from 39% in 2Q 2024). Revenue exceeded analyst estimates by 7.0%. Earnings per share (EPS) also surpassed analyst estimates by 2.4%. Revenue is forecast to grow 1.5% 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 increased by 11% per year whereas the company’s share price has increased by 6% per year. Announcement • Jul 16
China Yangtze Power Co., Ltd. Announces 2024 Annual Profit Distribution, Payable on July 18, 2025 China Yangtze Power Co., Ltd. This profit distribution takes the Company's total share capital of 224,468,217,716 shares before the implementation of the plan, with a cash dividend of RMB 0.733 per share (tax included), totaling RMB 17,935,203,585.83 (tax included). Ex-rights (ex-dividend date) is July 18, 2025. Cash dividend distribution date is July 18, 2025. Declared Dividend • Jul 14
Dividend of CN¥0.73 announced Shareholders will receive a dividend of CN¥0.73. Ex-date: 18th July 2025 Payment date: 18th July 2025 Dividend yield will be 3.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (68% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 9.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 30
China Yangtze Power Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 China Yangtze Power Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • Jun 24
China Yangtze Power Co., Ltd.(SHSE:600900) dropped from Shanghai Stock Exchange 180 Value Index China Yangtze Power Co. Ltd. will be removed from the Shanghai Stock Exchange 180 Value Index. Board Change • May 07
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 10 experienced directors. 1 highly experienced director. 4 independent directors (6 non-independent directors). Independent Director Delin Huang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • May 05
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 20% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • May 02
China Yangtze Power Co., Ltd. Proposes Cash Dividend for 2024 China Yangtze Power Co., Ltd. announced that based on the total share capital of 24,468,217,716 shares as of the end of 2024, a cash dividend of RMB 9.43 per 10 shares (tax included, same below) will be distributed, totaling RMB 23,073,529,306.19. Among them, an interim cash dividend of RMB 2.10 per 10 shares was already distributed on January 24, 2025, with a total interim cash dividend of RMB 5,138,325,720.36; the proposed final cash dividend will be based on 24,468,217,716 shares, distributing RMB 7.33 per 10 shares, totaling RMB 17,935,203,585.83. No capital reserve will be converted into share capital for 2024. This plan will be submitted to the 2024 Annual General Meeting of Shareholders for review. Reported Earnings • May 01
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: EPS: CN¥0.21 (up from CN¥0.16 in 1Q 2024). Revenue: CN¥17.0b (up 8.8% from 1Q 2024). Net income: CN¥5.18b (up 31% from 1Q 2024). Profit margin: 30% (up from 25% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) exceeded analyst estimates by 18%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year. Announcement • Apr 30
China Yangtze Power Co., Ltd., Annual General Meeting, May 22, 2025 China Yangtze Power Co., Ltd., Annual General Meeting, May 22, 2025, at 09:30 China Standard Time. Location: Room 4205, No. 88, Sanyang Road, Jiang'an District, Wuhan, Hubei China Announcement • Mar 28
China Yangtze Power Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 China Yangtze Power Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Reported Earnings • Jan 21
Full year 2024 earnings released: EPS: CN¥1.33 (vs CN¥1.11 in FY 2023) Full year 2024 results: EPS: CN¥1.33 (up from CN¥1.11 in FY 2023). Revenue: CN¥84.2b (up 7.8% from FY 2023). Net income: CN¥32.5b (up 19% from FY 2023). Profit margin: 39% (up from 35% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year. Announcement • Jan 16
China Yangtze Power Co., Ltd. Announces Implementation of Mid-Term Profit Distribution on A Shares for 2024, Payable on January 24, 2025 China Yangtze Power Co., Ltd. announced implementation of mid-term profit distribution for 2024. The profit distribution plan was reviewed and approved at the Company's Fourth Extraordinary General Meeting of 2024 held on December 30, 2024. Distribution ratio per share: A-share cash dividend per share: RMB 0.21 (tax included); Ex-Rights (Dividend) Date: January 24, 2025; Cash Dividend Payment Date: January 24, 2025. Announcement • Dec 27
China Yangtze Power Co., Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2025 China Yangtze Power Co., Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2025 Announcement • Nov 15
Hubei Lianxin Enterprise Management Partnership (Limited Partnership) signed Equity Transaction Contract to acquire 42.99% stake in Hubei Qingneng Investment and Development Group Co.,Ltd from China Yangtze Power Co., Ltd. (SHSE:600900) for CNY 3.4 billion. Hubei Lianxin Enterprise Management Partnership (Limited Partnership) signed Equity Transaction Contract to acquire 42.99% stake in Hubei Qingneng Investment and Development Group Co.,Ltd from China Yangtze Power Co., Ltd. (SHSE:600900) for CNY 3.4 billion on November 14, 2024. A cash consideration of CNY 3.4 billion will be paid by Hubei Lianxin Enterprise Management Partnership (Limited Partnership). Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.68 (vs CN¥0.52 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.68 (up from CN¥0.52 in 3Q 2023). Revenue: CN¥31.5b (up 17% from 3Q 2023). Net income: CN¥16.7b (up 32% from 3Q 2023). Profit margin: 53% (up from 47% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
China Yangtze Power Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 China Yangtze Power Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 31
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: CN¥0.30 (up from CN¥0.21 in 2Q 2023). Revenue: CN¥19.2b (up 23% from 2Q 2023). Net income: CN¥7.40b (up 40% from 2Q 2023). Profit margin: 39% (up from 34% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 6.4%. Revenue is forecast to grow 3.0% 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 3% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Declared Dividend • Jul 13
Dividend of CN¥0.82 announced Shareholders will receive a dividend of CN¥0.82. Ex-date: 19th July 2024 Payment date: 19th July 2024 Dividend yield will be 2.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (73% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jul 01
Now 19% undervalued Over the last 90 days, the stock has risen 20% to CN¥29.48. The fair value is estimated to be CN¥36.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has declined by 6.3%. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings are also forecast to grow by 9.4% per annum over the same time period. Announcement • Jun 28
China Yangtze Power Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 China Yangtze Power Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Buy Or Sell Opportunity • Jun 25
Now 20% undervalued Over the last 90 days, the stock has risen 15% to CN¥28.65. The fair value is estimated to be CN¥35.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has declined by 6.3%. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings are also forecast to grow by 9.4% per annum over the same time period. Reported Earnings • May 01
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: CN¥0.16 (up from CN¥0.15 in 1Q 2023). Revenue: CN¥15.6b (up 1.6% from 1Q 2023). Net income: CN¥3.97b (up 9.8% from 1Q 2023). Profit margin: 25% (up from 24% in 1Q 2023). Revenue missed analyst estimates by 24%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • May 01
China Yangtze Power Co., Ltd., Annual General Meeting, May 23, 2024 China Yangtze Power Co., Ltd., Annual General Meeting, May 23, 2024, at 09:30 China Standard Time. Location: Room 4205, No. 88, Sanyang Road, Jiang'an District, Wuhan, Hubei China Announcement • Mar 30
China Yangtze Power Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 China Yangtze Power Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Reported Earnings • Jan 20
Full year 2023 earnings released: EPS: CN¥1.12 (vs CN¥0.94 in FY 2022) Full year 2023 results: EPS: CN¥1.12 (up from CN¥0.94 in FY 2022). Revenue: CN¥780.6b (up CN¥728.6b from FY 2022). Net income: CN¥273.9b (up CN¥252.6b from FY 2022). Profit margin: 35% (down from 41% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 123% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in China are expected to grow by 9.9%. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Dec 29
China Yangtze Power Co., Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024 China Yangtze Power Co., Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: CN¥0.52 (up from CN¥0.34 in 3Q 2022). Revenue: CN¥26.9b (up 69% from 3Q 2022). Net income: CN¥12.6b (up 65% from 3Q 2022). Profit margin: 47% (down from 48% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 30%. Earnings per share (EPS) also surpassed analyst estimates by 41%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Aug 31
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: CN¥0.21 (down from CN¥0.36 in 2Q 2022). Revenue: CN¥15.6b (flat on 2Q 2022). Net income: CN¥5.27b (down 35% from 2Q 2022). Profit margin: 34% (down from 52% in 2Q 2022). Revenue missed analyst estimates by 28%. Earnings per share (EPS) also missed analyst estimates by 43%. Revenue is forecast to grow 14% 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 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Jul 18
China Yangtze Power Co., Ltd. Announces Implementation of Annual Profit Distribution for 2022, Payable on 21 July, 2023 China Yangtze Power Co., Ltd. announced Implementation of 2022 Annual Profit Distribution. The 2022 annual profit distribution plan was approved by the Company's annual general meeting held on May 23, 2023. Percentage Distribution per Share; Cash dividend CNY 0.8533 per A share (tax-inclusive). Equity Registration Date; 20 July, 2023. Ex-rights (Ex-dividend) Date; 21 July, 2023. Cash Dividend Distribution date; 21 July, 2023. Major Estimate Revision • May 09
Consensus revenue estimates increase by 18% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from CN¥71.6b to CN¥84.2b. EPS estimate unchanged from CN¥1.35 at last update. Renewable Energy industry in China expected to see average net income growth of 70% next year. Consensus price target broadly unchanged at CN¥27.34. Share price rose 2.1% to CN¥22.34 over the past week. Announcement • May 06
China Yangtze Power Co., Ltd., Annual General Meeting, May 23, 2023 China Yangtze Power Co., Ltd., Annual General Meeting, May 23, 2023, at 09:30 China Standard Time. Location: Room 4205, No. 88 Sanyang Road Wuhan City Hubei Province China Agenda: To consider and approve the 2022 Annual Work Report by the Board of Directors; to consider and approve the 2022 Annual Work Report by the Board of Supervisors; to consider and approve the 2022 Annual Profit Distribution Plan; to consider and approve the 2022 Annual Report; to consider and approve the 2022 Annual Final Financial Report and Annual budget Report; to consider and approve the Proposal on Appointment of the Company's 2023 Annual Financial Report Auditors; to consider and approve the Proposal on Appointment of the Company's 2023 Annual Internal Control Auditors; to consider and approve the Proposal on Short-term Fixed-income Investments for 2023; to consider and approve the Proposal on Annual External Guarantee Plan in 2023; to consider and approve the Proposal on Annual Investment Plan in 2023; to consider and approve the Proposal on Revising the Company's "Management System for Raising Funds; and to consider any other matters. Reported Earnings • Apr 29
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: CN¥0.15 (up from CN¥0.14 in 1Q 2022). Revenue: CN¥15.4b (up 58% from 1Q 2022). Net income: CN¥3.61b (up 15% from 1Q 2022). Profit margin: 24% (down from 32% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 35%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Mar 20
Now 20% undervalued Over the last 90 days, the stock is up 2.8%. The fair value is estimated to be CN¥26.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has grown by 4.1%. Revenue is forecast to grow by 19% in 2 years. Earnings is forecast to grow by 46% in the next 2 years. Buying Opportunity • Feb 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 2.0%. The fair value is estimated to be CN¥26.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has grown by 4.1%. Revenue is forecast to grow by 19% in 2 years. Earnings is forecast to grow by 46% in the next 2 years. Reported Earnings • Feb 05
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.94. Revenue: CN¥520.1b (up CN¥464.5b from FY 2021). Net income: CN¥214.0b (up CN¥187.7b from FY 2021). Profit margin: 41% (down from 47% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is expected to decline by 91% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in China are expected to grow by 7.8%. Reported Earnings • Oct 31
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: CN¥0.34 (down from CN¥0.48 in 3Q 2021). Revenue: CN¥15.9b (down 23% from 3Q 2021). Net income: CN¥7.65b (down 30% from 3Q 2021). Profit margin: 48% (down from 54% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 8.3%. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 4% per year. Reported Earnings • Sep 01
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: CN¥0.36 (up from CN¥0.25 in 2Q 2021). Revenue: CN¥15.7b (up 42% from 2Q 2021). Net income: CN¥8.15b (up 43% from 2Q 2021). Profit margin: 52% (in line with 2Q 2021). Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Over the next year, revenue is forecast to stay flat compared to a 14% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year. Announcement • Jul 01
China Yangtze Power Co., Ltd. announced that it expects to receive CNY 16.1 billion in funding China Yangtze Power Co., Ltd. announced that it will receive CNY 16,100,000,000 in an equity round of funding on June 30, 2022. Reported Earnings • May 02
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: EPS: CN¥0.14 (up from CN¥0.13 in 1Q 2021). Revenue: CN¥9.74b (up 9.8% from 1Q 2021). Net income: CN¥3.14b (up 9.3% from 1Q 2021). Profit margin: 32% (in line with 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 38%. Over the next year, revenue is forecast to grow 1.7%, compared to a 9.5% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 10% per year. Reported Earnings • Jan 27
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: CN¥1.16 (down from CN¥1.19 in FY 2020). Revenue: CN¥55.7b (down 3.6% from FY 2020). Net income: CN¥26.4b (flat on FY 2020). Profit margin: 48% (up from 46% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.7%. Over the next year, revenue is forecast to grow 4.3%, compared to a 13% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 11% per year. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS CN¥0.48 (vs CN¥0.56 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥20.5b (down 11% from 3Q 2020). Net income: CN¥11.0b (down 11% from 3Q 2020). Profit margin: 54% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.25 (vs CN¥0.26 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CN¥11.0b (down 4.3% from 2Q 2020). Net income: CN¥5.71b (up 1.8% from 2Q 2020). Profit margin: 52% (up from 49% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year. Reported Earnings • Jul 16
Second quarter 2021 earnings released: EPS CN¥0.24 (vs CN¥0.26 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2021 results: Revenue: CN¥11.0b (down 4.4% from 2Q 2020). Net income: CN¥5.52b (down 1.6% from 2Q 2020). Profit margin: 50% (up from 49% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year. Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.10 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥8.87b (up 5.8% from 1Q 2020). Net income: CN¥2.87b (up 25% from 1Q 2020). Profit margin: 32% (up from 27% in 1Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year. Is New 90 Day High Low • Mar 04
New 90-day high: CN¥20.27 The company is up 1.0% from its price of CN¥20.12 on 04 December 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Renewable Energy industry, which is also up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥32.03 per share. Reported Earnings • Jan 28
Full year 2020 earnings released: EPS CN¥1.19 (vs CN¥0.98 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥57.9b (up 16% from FY 2019). Net income: CN¥26.3b (up 22% from FY 2019). Profit margin: 46% (up from 43% 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 2% per year whereas the company’s share price has increased by 7% per year. Analyst Estimate Surprise Post Earnings • Jan 28
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 1.2%, compared to a 6.1% growth forecast for the Renewable Energy industry in China. Announcement • Dec 18
Xue Fuwen Is No Longer Assuming as Deputy General Manager of China Yangtze Power Co.,Ltd China Yangtze Power Co.,Ltd. announced that Xue Fuwen is no Longer Assuming as Deputy General Manager. Announcement • Nov 26
China Yangtze Power Co.,Ltd. Announces Appointment of Zhang Xingliao as Director China Yangtze Power Co.,Ltd. announced that at the Extraordinary General Meeting held on November 25, 2020 approved the appointment of Zhang Xingliao as Director. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥24.0b, up 6.4% from the prior year. Total revenue was CN¥54.6b over the last 12 months, up 8.8% from the prior year. Analyst Estimate Surprise Post Earnings • Nov 01
Annual earnings released: Earnings beat expectations Earnings per share (EPS) surpassed analyst estimates by 31% at CN¥0.56. Revenue is expected to shrink by 2.1% over the next year, compared to a 7.6% growth forecast for the Renewable Energy industry in China. Announcement • Oct 30
China Yangtze Power Co.,Ltd. to Report Q3, 2020 Results on Oct 31, 2020 China Yangtze Power Co.,Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020 Announcement • Sep 29
China Yangtze Power Co.,Ltd. has completed a Follow-on Equity Offering in the amount of $1.828386 billion. China Yangtze Power Co.,Ltd. has completed a Follow-on Equity Offering in the amount of $1.828386 billion.
Security Name: Global Depositary Receipts
Security Type: Depositary Receipt (Common Stock)
Price\Range: $26.46
Discount Per Security: $0.06615
Security Name: Global Depositary Receipts
Security Type: Depositary Receipt (Common Stock)
Price\Range: $26.46
Discount Per Security: $0.06615
Transaction Features: New Market Listing; Regulation S; Rule 144A Price Target Changed • Sep 25
Price target raised to CN¥21.92 Up from CN¥20.08, the current price target is an average from 17 analysts. The new target price is 16% above the current share price of CN¥18.86. As of last close, the stock is up 3.6% over the past year. Announcement • Jul 18
China Yangtze Power Co.,Ltd. to Report First Half, 2020 Results on Aug 31, 2020 China Yangtze Power Co.,Ltd. announced that they will report first half, 2020 results on Aug 31, 2020