China Southern Power Grid Energy Storage Future Growth

Future criteria checks 2/6

China Southern Power Grid Energy Storage is forecast to grow earnings and revenue by 17.3% and 19.9% per annum respectively. EPS is expected to grow by 17.2% per annum. Return on equity is forecast to be 7% in 3 years.

Key information

17.3%

Earnings growth rate

17.2%

EPS growth rate

Electric Utilities earnings growth	29.2%
Revenue growth rate	19.9%
Future return on equity	7.0%
Analyst coverage	Low
Last updated	17 Apr 2024

Recent future growth updates

Recent updates

China Southern Power Grid Energy Storage (SHSE:600995) Could Be Struggling To Allocate Capital

Feb 28

Earnings and Revenue Growth Forecasts

SHSE:600995 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	10,039	1,662	-4,885	5,660	3
12/31/2025	8,013	1,384	-6,917	4,410	3
12/31/2024	6,311	1,099	-8,145	3,783	3
12/31/2023	5,630	1,014	-3,173	3,557	N/A
9/30/2023	5,936	1,162	-2,510	3,429	N/A
3/31/2023	7,763	1,627	-401	4,731	N/A
12/31/2022	8,261	1,663	-400	4,601	N/A
9/30/2022	13,064	2,414	2,077	9,022	N/A
6/30/2022	9,630	1,546	1,207	6,253	N/A
3/31/2022	9,609	1,566	1,263	6,299	N/A
12/31/2021	8,208	1,248	1,199	5,377	N/A
9/30/2021	2,029	13	-124	244	N/A
6/30/2021	1,975	38	-67	307	N/A
3/31/2021	1,935	114	42	327	N/A
12/31/2020	1,881	111	49	299	N/A
9/30/2020	2,083	201	64	344	N/A
6/30/2020	2,123	226	143	397	N/A
3/31/2020	2,211	252	136	390	N/A
12/31/2019	2,319	332	224	495	N/A
9/30/2019	2,114	350	276	527	N/A
6/30/2019	2,099	315	246	469	N/A
3/31/2019	2,028	283	247	468	N/A
12/31/2018	2,025	296	248	469	N/A
9/30/2018	2,039	263	369	555	N/A
6/30/2018	2,057	241	324	505	N/A
3/31/2018	2,006	249	331	511	N/A
12/31/2017	2,035	157	272	443	N/A
9/30/2017	2,005	234	N/A	440	N/A
6/30/2017	1,920	240	N/A	508	N/A
3/31/2017	1,916	169	N/A	479	N/A
12/31/2016	1,836	159	N/A	485	N/A
9/30/2016	1,815	130	N/A	480	N/A
6/30/2016	1,877	123	N/A	360	N/A
3/31/2016	1,886	91	N/A	375	N/A
12/31/2015	1,954	103	N/A	362	N/A
9/30/2015	2,019	83	N/A	414	N/A
6/30/2015	2,061	102	N/A	536	N/A
3/31/2015	2,108	139	N/A	536	N/A
12/31/2014	2,016	104	N/A	443	N/A
9/30/2014	2,081	134	N/A	593	N/A
6/30/2014	2,094	146	N/A	630	N/A
3/31/2014	2,040	135	N/A	620	N/A
12/31/2013	2,032	130	N/A	555	N/A
9/30/2013	1,942	129	N/A	349	N/A
6/30/2013	1,858	123	N/A	288	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600995's forecast earnings growth (17.3% per year) is above the savings rate (2.9%).

Earnings vs Market: 600995's earnings (17.3% per year) are forecast to grow slower than the CN market (24.5% per year).

High Growth Earnings: 600995's earnings are forecast to grow, but not significantly.

Revenue vs Market: 600995's revenue (19.9% per year) is forecast to grow faster than the CN market (14.6% per year).

High Growth Revenue: 600995's revenue (19.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 600995's Return on Equity is forecast to be low in 3 years time (7%).

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China Southern Power Grid Energy Storage Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Consensus revenue estimates fall by 12%

Price target decreased by 11% to CN¥14.33

Price target decreased by 11% to CN¥16.11

Consensus revenue estimates increase by 82%

Price target increased to CN¥17.94

Recent updates

Consensus revenue estimates fall by 12%

Full year 2023 earnings: EPS and revenues miss analyst expectations

China Southern Power Grid Energy Storage Co., Ltd., Annual General Meeting, Apr 22, 2024

China Southern Power Grid Energy Storage Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024

China Southern Power Grid Energy Storage (SHSE:600995) Could Be Struggling To Allocate Capital

Investor sentiment improves as stock rises 16%

China Southern Power Grid Energy Storage Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024

Third quarter 2023 earnings released: EPS: CN¥0.04 (vs CN¥0.17 in 3Q 2022)

Price target decreased by 11% to CN¥14.33

Second quarter 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.01 in 2Q 2022)

China Southern Power Grid Energy Storage Co., Ltd. to Report First Half, 2023 Results on Aug 29, 2023

Price target decreased by 11% to CN¥16.11

Insufficient new directors

Full year 2022 earnings: EPS and revenues exceed analyst expectations

China Southern Power Grid Energy Storage Co., Ltd. announced that it expects to receive CNY 499.986 million in funding from Harbin Electric Company Limited

Consensus revenue estimates increase by 82%

High number of new directors

Third quarter 2022 earnings released: EPS: CN¥0.18 (vs CN¥0.062 in 3Q 2021)

Second quarter 2022 earnings released: EPS: CN¥0.01 (vs CN¥0.055 in 2Q 2021)

First quarter 2022 earnings: EPS exceeds analyst expectations

Price target increased to CN¥17.94

Third quarter 2021 earnings released: EPS CN¥0.062 (vs CN¥0.11 in 3Q 2020)

Second quarter 2021 earnings released: EPS CN¥0.055 (vs CN¥0.21 in 2Q 2020)

First quarter 2021 earnings released: EPS CN¥0.20 (vs CN¥0.20 in 1Q 2020)

Full year 2020 earnings released: EPS CN¥0.23 (vs CN¥0.69 in FY 2019)

Investor sentiment improved over the past week

Yunnan Wenshan Electric Power Co.,Ltd. to Report Fiscal Year 2020 Results on Mar 30, 2021

New 90-day low: CN¥6.51

New 90-day low: CN¥7.42

New 90-day low: CN¥7.60

Third quarter earnings released

Yunnan Wenshan Electric Power Co.,Ltd. to Report Q3, 2020 Results on Oct 30, 2020

First half earnings released

New 90-day high - CN¥9.30

Yunnan Wenshan Electric Power Co.,Ltd. to Report First Half, 2020 Results on Aug 28, 2020

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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