Announcement • Jun 30
Shenzhen Energy Group Co., Ltd. to Report First Half, 2026 Results on Aug 26, 2026 Shenzhen Energy Group Co., Ltd. announced that they will report first half, 2026 results on Aug 26, 2026 Declared Dividend • Jun 21
Dividend increased to CN¥0.16 Dividend of CN¥0.16 is 6.7% higher than last year. Ex-date: 24th June 2026 Payment date: 24th June 2026 Dividend yield will be 2.3%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (55% 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 decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 39% to shift the payout ratio to a potentially unsustainable range, which is more than the 20% EPS decline seen over the last 5 years. Reported Earnings • Apr 17
Full year 2025 earnings released: EPS: CN¥0.31 (vs CN¥0.28 in FY 2024) Full year 2025 results: EPS: CN¥0.31 (up from CN¥0.28 in FY 2024). Revenue: CN¥43.4b (up 5.4% from FY 2024). Net income: CN¥2.10b (up 58% from FY 2024). Profit margin: 4.8% (up from 3.2% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Apr 17
Shenzhen Energy Group Co., Ltd., Annual General Meeting, May 20, 2026 Shenzhen Energy Group Co., Ltd., Annual General Meeting, May 20, 2026, at 14:30 China Standard Time. Location: 40F, No. 2026, Jintian Road, Futian District, Shenzhen, Guangdong China Announcement • Mar 31
Shenzhen Energy Group Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Shenzhen Energy Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥8.08, the stock trades at a trailing P/E ratio of 32.8x. Average trailing P/E is 24x in the Renewable Energy industry in China. Total returns to shareholders of 40% over the past three years. New Risk • Feb 28
New major risk - Revenue and earnings growth Earnings have declined by 25% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. 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). Earnings have declined by 25% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows. Announcement • Dec 31
Shenzhen Energy Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 17, 2026 Shenzhen Energy Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 17, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.048 (vs CN¥0.068 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.048 (down from CN¥0.068 in 3Q 2024). Revenue: CN¥11.3b (up 6.5% from 3Q 2024). Net income: CN¥337.6m (down 31% from 3Q 2024). Profit margin: 3.0% (down from 4.6% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% 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 fallen by 7% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Sep 30
Shenzhen Energy Group Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Shenzhen Energy Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Reported Earnings • Aug 29
Second quarter 2025 earnings released: EPS: CN¥0.071 (vs CN¥0.13 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.071 (down from CN¥0.13 in 2Q 2024). Revenue: CN¥11.4b (up 12% from 2Q 2024). Net income: CN¥353.3m (down 33% from 2Q 2024). Profit margin: 3.1% (down from 5.2% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% 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 3% per year whereas the company’s share price has increased by 2% per year. Announcement • Jul 02
Shenzhen Energy Group Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Shenzhen Energy Group Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Declared Dividend • Jun 09
Dividend increased to CN¥0.15 Dividend of CN¥0.15 is 7.1% higher than last year. Ex-date: 13th June 2025 Payment date: 13th June 2025 Dividend yield will be 2.3%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (45% 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 3.0% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Announcement • Apr 30
Shenzhen Energy Group Co., Ltd., Annual General Meeting, May 21, 2025 Shenzhen Energy Group Co., Ltd., Annual General Meeting, May 21, 2025, at 14:30 China Standard Time. Location: 40F, No. 2026, Jintian Road, Futian District, Shenzhen, Guangdong China Reported Earnings • Apr 18
Full year 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.27 in FY 2023) Full year 2024 results: EPS: CN¥0.28 (up from CN¥0.27 in FY 2023). Revenue: CN¥41.2b (up 1.8% from FY 2023). Net income: CN¥2.01b (up 55% from FY 2023). Profit margin: 4.9% (up from 3.2% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has remained flat. Announcement • Mar 31
Shenzhen Energy Group Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Shenzhen Energy Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 31
Shenzhen Energy Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 18, 2025 Shenzhen Energy Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 18, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.068 (vs CN¥0.19 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.068 (down from CN¥0.19 in 3Q 2023). Revenue: CN¥10.6b (down 4.3% from 3Q 2023). Net income: CN¥489.7m (down 61% from 3Q 2023). Profit margin: 4.6% (down from 11% in 3Q 2023). 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 • Sep 30
Shenzhen Energy Group Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Shenzhen Energy Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥6.99, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 18x in the Renewable Energy industry in China. Total loss to shareholders of 21% over the past three years. New Risk • Aug 26
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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings have declined by 9.9% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.8% net profit margin). Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.31 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.13 (down from CN¥0.31 in 2Q 2023). Revenue: CN¥10.2b (flat on 2Q 2023). Net income: CN¥648.9m (down 42% from 2Q 2023). Profit margin: 6.4% (down from 11% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 9% per year. Announcement • Jun 29
Shenzhen Energy Group Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024 Shenzhen Energy Group Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024 Declared Dividend • Jun 14
Dividend of CN¥0.14 announced Dividend of CN¥0.14 is the same as last year. Ex-date: 18th June 2024 Payment date: 18th June 2024 Dividend yield will be 1.9%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (37% 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 over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 01
Shenzhen Energy Group Co., Ltd., Annual General Meeting, May 24, 2024 Shenzhen Energy Group Co., Ltd., Annual General Meeting, May 24, 2024, at 15:00 China Standard Time. Location: 40F, No. 2026, Jintian Road, Futian District, Shenzhen, Guangdong China New Risk • Apr 23
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% 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 Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Earnings have declined by 0.3% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Apr 22
Full year 2023 earnings released: EPS: CN¥0.27 (vs CN¥0.30 in FY 2022) Full year 2023 results: EPS: CN¥0.27. Revenue: CN¥40.5b (up 7.9% from FY 2022). Net income: CN¥2.05b (up 43% from FY 2022). Profit margin: 5.1% (up from 3.8% in FY 2022). Announcement • Mar 30
Shenzhen Energy Group Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Shenzhen Energy Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Dec 29
Shenzhen Energy Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 20, 2024 Shenzhen Energy Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 20, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.096 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.19 (up from CN¥0.096 in 3Q 2022). Revenue: CN¥11.1b (up 5.6% from 3Q 2022). Net income: CN¥1.27b (up 55% from 3Q 2022). Profit margin: 11% (up from 7.8% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% 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 26
Second quarter 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.13 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.29 (up from CN¥0.13 in 2Q 2022). Revenue: CN¥10.2b (up 19% from 2Q 2022). Net income: CN¥1.24b (up 184% from 2Q 2022). Profit margin: 12% (up from 5.1% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • May 20
Shenzhen Energy Group Co., Ltd. Approves Cash Dividend for the Year 2022 Shenzhen Energy Group Co., Ltd. at its Annual General Meeting held on 18 May 2023, approved cash dividend/10 shares (tax included) of CNY 1.40000000 for the year 2022. Reported Earnings • Apr 24
Full year 2022 earnings released: EPS: CN¥0.30 (vs CN¥0.32 in FY 2021) Full year 2022 results: EPS: CN¥0.30. Revenue: CN¥37.5b (up 19% from FY 2021). Net income: CN¥2.20b (up 45% from FY 2021). Profit margin: 5.9% (up from 4.8% in FY 2021). The increase in margin was driven by higher revenue. Reported Earnings • Jan 18
Full year 2022 earnings released: EPS: CN¥0.30 (vs CN¥0.32 in FY 2021) Full year 2022 results: EPS: CN¥0.30. Revenue: CN¥37.5b (up 19% from FY 2021). Net income: CN¥2.18b (up 44% from FY 2021). Profit margin: 5.8% (up from 4.8% in FY 2021). The increase in margin was driven by higher revenue. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Shunwen Zhang was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Shunwen Zhang was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 31
Third quarter 2022 earnings released: EPS: CN¥0.096 (vs CN¥0.13 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.096. Revenue: CN¥10.5b (up 44% from 3Q 2021). Net income: CN¥819.6m (up 33% from 3Q 2021). Profit margin: 7.8% (down from 8.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Announcement • Oct 02
Shenzhen Energy Group Co., Ltd. Announces Board Elections Shenzhen Energy Group Co., Ltd. announced that at its EGM held on September 29, 2022, shareholders elected Zhang Shunwen, Zhong Ruoyu and Fu Xilin as independent directors. The company also announced that the election of Wei Zhongqian and Zhu Tao as non-employee supervisors. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.25 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.25 in 2Q 2021). Revenue: CN¥8.52b (up 13% from 2Q 2021). Net income: CN¥556.2m (down 53% from 2Q 2021). Profit margin: 6.5% (down from 16% in 2Q 2021). The decrease in margin was driven by higher expenses. 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 9% per year, which means it is well ahead of earnings. Announcement • Jun 11
Shenzhen Energy Group Co., Ltd. Announces Final Dividend on Share A for 2021, Payable on June 17, 2022 Shenzhen Energy Group Co., Ltd. announced Cash dividend/10 shares (tax included): CNY 1.75000000 on share A for 2021. Record date: 16 June 2022, Ex-date: 17 June 2022 and Payment date: 17 June 2022. Announcement • May 28
Shenzhen Energy Group Co., Ltd. Approves Profit Distribution for the Year 2021 Shenzhen Energy Group Co., Ltd. at its at its annual general meeting held on May 25, 2022, approved profit distribution plan of cash dividend of CNY 1.75000000 /10 shares (tax included). Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: CN¥0.32 (vs CN¥0.78 in FY 2020) Full year 2021 results: EPS: CN¥0.32 (down from CN¥0.78 in FY 2020). Revenue: CN¥31.6b (up 54% from FY 2020). Net income: CN¥1.51b (down 59% from FY 2020). Profit margin: 4.8% (down from 18% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 4% 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. 6 non-independent directors. Independent Director Dongdong Liu 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. Announcement • Apr 23
Shenzhen Energy Group Co., Ltd. Proposes Profit Distribution for 2021 Shenzhen Energy Group Co., Ltd. announced on 22 April 2022 the profit distribution proposal for 2021 as follows: Cash dividend/10 shares (tax included) of CNY 1.75000000. Reported Earnings • Jan 23
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.35 (down from CN¥0.78 in FY 2020). Revenue: CN¥30.0b (up 47% from FY 2020). Net income: CN¥2.28b (down 39% from FY 2020). Profit margin: 7.6% (down from 18% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.25 (vs CN¥0.55 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥7.57b (up 45% from 2Q 2020). Net income: CN¥1.19b (down 55% from 2Q 2020). Profit margin: 16% (down from 51% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 16
Second quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.55 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥7.56b (up 45% from 2Q 2020). Net income: CN¥1.07b (down 59% from 2Q 2020). Profit margin: 14% (down from 51% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥9.95, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 16x in the Renewable Energy industry in China. Total returns to shareholders of 117% over the past three years. Reported Earnings • Apr 20
Full year 2020 earnings released: EPS CN¥0.78 (vs CN¥0.36 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥20.5b (down 1.7% from FY 2019). Net income: CN¥3.98b (up 134% from FY 2019). Profit margin: 20% (up from 8.2% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improved over the past week After last week's 32% share price gain to CN¥11.13, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 19x in the Renewable Energy industry in China. Total returns to shareholders of 142% over the past three years. Announcement • Mar 09
Shenzhen Energy Group Co., Ltd. to Report Fiscal Year 2020 Results on Apr 20, 2021 Shenzhen Energy Group Co., Ltd. announced that they will report fiscal year 2020 results on Apr 20, 2021 Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥7.04, the stock is trading at a trailing P/E ratio of 8.6x, up from the previous P/E ratio of 7.1x. 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 48%. Is New 90 Day High Low • Mar 03
New 90-day high: CN¥6.59 The company is up 18% from its price of CN¥5.60 on 03 December 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. Is New 90 Day High Low • Dec 25
New 90-day high: CN¥6.38 The company is up 20% from its price of CN¥5.32 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 3.0% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥3.88b, up 116% from the prior year. Total revenue was CN¥19.7b over the last 12 months, down 10.0% from the prior year. Announcement • Aug 06
Shenzhen Energy Group Co., Ltd. to Report First Half, 2020 Results on Aug 26, 2020 Shenzhen Energy Group Co., Ltd. announced that they will report first half, 2020 results on Aug 26, 2020