Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥12.92, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 22x in the Renewable Energy industry in China. Total returns to shareholders of 1.8% over the past three years. Announcement • Jun 30
Jiangsu New Energy Development Co., Ltd. to Report First Half, 2026 Results on Aug 27, 2026 Jiangsu New Energy Development Co., Ltd. announced that they will report first half, 2026 results on Aug 27, 2026 Declared Dividend • Jun 15
Dividend of CN¥0.15 announced Dividend of CN¥0.15 is the same as last year. Ex-date: 17th June 2026 Payment date: 17th June 2026 Dividend yield will be 1.0%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 19% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥14.48, the stock trades at a trailing P/E ratio of 28.5x. Average trailing P/E is 24x in the Renewable Energy industry in China. Total returns to shareholders of 13% over the past three years. New Risk • Jun 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buy Or Sell Opportunity • Jun 05
Now 20% undervalued Over the last 90 days, the stock has risen 12% to CN¥15.31. The fair value is estimated to be CN¥19.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.7%. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥17.69, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 23x in the Renewable Energy industry in China. Total returns to shareholders of 31% over the past three years. Buy Or Sell Opportunity • May 15
Now 22% undervalued Over the last 90 days, the stock has risen 22% to CN¥14.94. The fair value is estimated to be CN¥19.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.7%. Buy Or Sell Opportunity • Apr 30
Now 21% undervalued Over the last 90 days, the stock has risen 17% to CN¥14.73. The fair value is estimated to be CN¥18.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.7%. New Risk • Apr 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.9% average weekly change). Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: CN¥0.12 (vs CN¥0.18 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.12 (down from CN¥0.18 in 1Q 2025). Revenue: CN¥507.8m (down 12% from 1Q 2025). Net income: CN¥109.5m (down 33% from 1Q 2025). Profit margin: 22% (down from 28% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Apr 25
Jiangsu New Energy Development Co., Ltd., Annual General Meeting, May 21, 2026 Jiangsu New Energy Development Co., Ltd., Annual General Meeting, May 21, 2026, at 14:30 China Standard Time. Location: 15F, No. 88, Changjiang Road, Xuanwu District, Nanjing, Jiangsu China Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥16.43, the stock trades at a trailing P/E ratio of 38.2x. Average trailing P/E is 22x in the Renewable Energy industry in China. Total returns to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥14.15, the stock trades at a trailing P/E ratio of 32.9x. Average trailing P/E is 23x in the Renewable Energy industry in China. Total returns to shareholders of 19% over the past three years. Announcement • Mar 30
Jiangsu New Energy Development Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Jiangsu New Energy Development Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥15.88, the stock trades at a trailing P/E ratio of 36.9x. Average trailing P/E is 23x in the Renewable Energy industry in China. Total returns to shareholders of 31% over the past three years. Announcement • Dec 26
Jiangsu New Energy Development Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 Jiangsu New Energy Development Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Board Change • Dec 12
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Jian Cai was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.15 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.12 (down from CN¥0.15 in 3Q 2024). Revenue: CN¥471.6m (down 7.3% from 3Q 2024). Net income: CN¥108.4m (down 18% from 3Q 2024). Profit margin: 23% (down from 26% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.9% 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 2% per year, which means it is well ahead of earnings. Announcement • Sep 30
Jiangsu New Energy Development Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Jiangsu New Energy Development Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥15.66, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 13x in the Renewable Energy industry in China. Total returns to shareholders of 18% over the past three years. Announcement • Jun 30
Jiangsu New Energy Development Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Jiangsu New Energy Development Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥16.80, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 13x in the Renewable Energy industry in China. Total returns to shareholders of 29% over the past three years. New Risk • May 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (16% net profit margin). Reported Earnings • Apr 24
First quarter 2025 earnings released: EPS: CN¥0.18 (vs CN¥0.28 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.18 (down from CN¥0.28 in 1Q 2024). Revenue: CN¥574.4m (down 14% from 1Q 2024). Net income: CN¥163.7m (down 35% from 1Q 2024). Profit margin: 28% (down from 38% in 1Q 2024). The decrease in margin was driven by lower revenue. 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 5% per year. Announcement • Apr 23
Jiangsu New Energy Development Co., Ltd., Annual General Meeting, May 13, 2025 Jiangsu New Energy Development Co., Ltd., Annual General Meeting, May 13, 2025, at 14:30 China Standard Time. Location: 3F, No. 88, Changjiang Road, Xuanwu District, Nanjing, Jiangsu China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥15.15, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 17x in the Renewable Energy industry in China. Total returns to shareholders of 20% over the past three years. New Risk • Apr 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.7% average weekly change). Announcement • Mar 28
Jiangsu New Energy Development Co., Ltd. to Report Q1, 2025 Results on Apr 23, 2025 Jiangsu New Energy Development Co., Ltd. announced that they will report Q1, 2025 results on Apr 23, 2025 Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥12.07, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 18x in the Renewable Energy industry in China. Total loss to shareholders of 16% over the past three years. Announcement • Dec 27
Jiangsu New Energy Development Co., Ltd. to Report Fiscal Year 2024 Results on Apr 23, 2025 Jiangsu New Energy Development Co., Ltd. announced that they will report fiscal year 2024 results on Apr 23, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.048 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.15 (up from CN¥0.048 in 3Q 2023). Revenue: CN¥508.8m (up 39% from 3Q 2023). Net income: CN¥131.5m (up 216% from 3Q 2023). Profit margin: 26% (up from 11% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Jiangsu New Energy Development Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Jiangsu New Energy Development Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥10.33, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 18x in the Renewable Energy industry in China. Total loss to shareholders of 50% over the past three years. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.048 (vs CN¥0.18 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.048 (down from CN¥0.18 in 2Q 2023). Revenue: CN¥382.2m (down 29% from 2Q 2023). Net income: CN¥42.0m (down 74% from 2Q 2023). Profit margin: 11% (down from 30% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Jun 28
Jiangsu New Energy Development Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Jiangsu New Energy Development Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥13.71, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Renewable Energy industry in China. Total returns to shareholders of 38% over the past three years. Announcement • Apr 26
Jiangsu New Energy Development Co., Ltd., Annual General Meeting, May 17, 2024 Jiangsu New Energy Development Co., Ltd., Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Location: 4F, No. 88, Changjiang Road, Xuanwu District, Nanjing, Jiangsu China Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.20 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.28 (up from CN¥0.20 in 1Q 2023). Revenue: CN¥666.7m (up 20% from 1Q 2023). Net income: CN¥250.5m (up 42% from 1Q 2023). Profit margin: 38% (up from 32% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.2% p.a. on average during the next 2 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 35% 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
Jiangsu New Energy Development Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Jiangsu New Energy Development Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥8.63, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Renewable Energy industry in China. Total returns to shareholders of 16% over the past three years. Announcement • Dec 30
Jiangsu New Energy Development Co., Ltd. to Report Fiscal Year 2023 Results on Apr 25, 2024 Jiangsu New Energy Development Co., Ltd. announced that they will report fiscal year 2023 results on Apr 25, 2024 New Risk • Sep 10
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. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.20 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.18 (down from CN¥0.20 in 2Q 2022). Revenue: CN¥537.0m (down 2.6% from 2Q 2022). Net income: CN¥162.0m (down 8.6% from 2Q 2022). Profit margin: 30% (down from 32% in 2Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 2 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 increased by 17% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
Jiangsu New Energy Development Co., Ltd. to Report First Half, 2023 Results on Aug 29, 2023 Jiangsu New Energy Development Co., Ltd. announced that they will report first half, 2023 results on Aug 29, 2023 Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.15 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.20 (up from CN¥0.15 in 1Q 2022). Revenue: CN¥554.5m (up 3.6% from 1Q 2022). Net income: CN¥176.4m (up 38% from 1Q 2022). Profit margin: 32% (up from 24% in 1Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Renewable Energy industry in China. 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 15% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
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. 4 non-independent directors. Independent Director Jian Cai was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.088 (vs CN¥0.11 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.088 (down from CN¥0.11 in 3Q 2021). Revenue: CN¥430.0m (up 5.9% from 3Q 2021). Net income: CN¥76.2m (down 16% from 3Q 2021). Profit margin: 18% (down from 22% in 3Q 2021). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 7.8% 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 15% per year, which means it is well ahead of earnings. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.19 (vs CN¥0.13 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.19 (up from CN¥0.13 in 2Q 2021). Revenue: CN¥551.3m (up 33% from 2Q 2021). Net income: CN¥177.3m (up 75% from 2Q 2021). Profit margin: 32% (up from 24% in 2Q 2021). Over the next year, revenue is forecast to grow 33%, compared to a 14% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥15.51, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Renewable Energy industry in China. Total returns to shareholders of 87% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥6.54 per share. Reported Earnings • Apr 28
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: CN¥0.19 (down from CN¥0.32 in 1Q 2021). Revenue: CN¥535.3m (flat on 1Q 2021). Net income: CN¥127.9m (down 36% from 1Q 2021). Profit margin: 24% (down from 37% in 1Q 2021). Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) missed analyst estimates by 8.9%. Over the next year, revenue is forecast to grow 39%, compared to a 12% growth forecast for the 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 increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Apr 08
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥0.49 (up from CN¥0.25 in FY 2020). Revenue: CN¥1.86b (up 20% from FY 2020). Net income: CN¥306.8m (up 100% from FY 2020). Profit margin: 17% (up from 9.9% in FY 2020). Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) missed analyst estimates by 8.9%. Over the next year, revenue is forecast to grow 34%, compared to a 12% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥0.50 (up from CN¥0.25 in FY 2020). Revenue: CN¥1.86b (up 20% from FY 2020). Net income: CN¥309.3m (up 101% from FY 2020). Profit margin: 17% (up from 9.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) missed analyst estimates by 7.0%. Over the next year, revenue is forecast to grow 34%, compared to a 13% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.14 (vs CN¥0.08 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥405.9m (up 24% from 3Q 2020). Net income: CN¥90.6m (up 86% from 3Q 2020). Profit margin: 22% (up from 15% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥19.64, the stock trades at a trailing P/E ratio of 72.9x. Average trailing P/E is 21x in the Renewable Energy industry in China. Total returns to shareholders of 20% over the past three years. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.17 (vs CN¥0.19 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥415.6m (down 2.0% from 2Q 2020). Net income: CN¥101.1m (down 12% from 2Q 2020). Profit margin: 24% (down from 27% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥17.20, the stock trades at a trailing P/E ratio of 63.8x. Average trailing P/E is 19x in the Renewable Energy industry in China. Total loss to shareholders of 2.6% over the past three years. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥15.01, the stock trades at a trailing P/E ratio of 55.7x. Average trailing P/E is 17x in the Renewable Energy industry in China. Total loss to shareholders of 21% over the past three years. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.32 (vs CN¥0.30 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥539.0m (up 23% from 1Q 2020). Net income: CN¥199.2m (up 6.3% from 1Q 2020). Profit margin: 37% (down from 43% in 1Q 2020). Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥14.30, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 20x in the Renewable Energy industry in China. Total returns to shareholders of 69% over the past year. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥9.94, the stock is trading at a trailing P/E ratio of 14.8x, down from the previous P/E ratio of 17.5x. This compares to an average P/E of 16x in the Renewable Energy industry in China. Total returns to shareholders over the past year are 14%. Is New 90 Day High Low • Feb 03
New 90-day low: CN¥10.85 The company is down 9.0% from its price of CN¥11.86 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is flat over the same period. Announcement • Jan 31
Jiangsu New Energy Development Co., Ltd. (SHSE:603693) agreed to acquire 40% stake in Datang Guoxin Binhai Offshore Wind Power Co., Ltd. From Jiangsu Guoxin Investment Group Limited. Jiangsu New Energy Development Co., Ltd. (SHSE:603693) agreed to acquire 40% stake in Datang Guoxin Binhai Offshore Wind Power Co., Ltd. From Jiangsu Guoxin Investment Group Limited on January 30, 2021. Payment will be done through issuing shares. As of August 31, 2021, Datang Guoxin Binhai had total assets worth CNY 4.7 billion and net assets worth CNY 1.27 billion. The transaction must be approved by Guoxin Group, shareholders of Jiangsu New Energy and China Securities Regulatory Commission. The transaction plan was approved by the board of directors of Guoxin Group, the state-owned assets supervision and management agency, the 18th meeting of the second board of directors of Jiangsu New Energy Development. This transaction has obtained a written statement that other shareholders of the target company waived the right of first refusal. Is New 90 Day High Low • Dec 09
New 90-day low: CN¥11.22 The company is down 7.0% from its price of CN¥12.07 on 10 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is down 1.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥412.8m, up 85% from the prior year. Total revenue was CN¥1.59b over the last 12 months, up 11% from the prior year. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥11.68 The company is down 15% from its price of CN¥13.81 on 31 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 1.0% over the same period. Announcement • Oct 30
Jiangsu New Energy Development Co., Ltd. to Report Q3, 2020 Results on Oct 30, 2020 Jiangsu New Energy Development Co., Ltd. announced that they will report Q3, 2020 results on Oct 30, 2020 Announcement • Jul 17
Jiangsu New Energy Development Co., Ltd. to Report First Half, 2020 Results on Aug 29, 2020 Jiangsu New Energy Development Co., Ltd. announced that they will report first half, 2020 results on Aug 29, 2020