Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥10.12, the stock trades at a trailing P/E ratio of 32.9x. Average trailing P/E is 36x in the Electric Utilities industry in China. Total loss to shareholders of 7.1% over the past three years. Announcement • Jun 30
Shenzhen Nanshan Power Co., Ltd. to Report First Half, 2026 Results on Aug 25, 2026 Shenzhen Nanshan Power Co., Ltd. announced that they will report first half, 2026 results on Aug 25, 2026 Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥9.93, the stock trades at a trailing P/E ratio of 32.3x. Average trailing P/E is 36x in the Electric Utilities industry in China. Total loss to shareholders of 14% over the past three years. New Risk • Jun 01
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 Share price has been highly volatile over the past 3 months (10% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 104% Paying a dividend despite having no free cash flows. High level of non-cash earnings (23% accrual ratio). Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥11.50, the stock trades at a trailing P/E ratio of 37.4x. Average trailing P/E is 47x in the Electric Utilities industry in China. Total returns to shareholders of 32% over the past three years. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥11.40, the stock trades at a trailing P/E ratio of 42.7x. Average trailing P/E is 44x in the Electric Utilities industry in China. Total returns to shareholders of 61% over the past three years. New Risk • Apr 18
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 120% The company is paying a dividend despite having no free cash flows. Dividend yield: 2.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 120% Paying a dividend despite having no free cash flows. High level of non-cash earnings (31% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change). Reported Earnings • Apr 15
Full year 2025 earnings released: EPS: CN¥0.27 (vs CN¥0.036 in FY 2024) Full year 2025 results: EPS: CN¥0.27 (up from CN¥0.036 in FY 2024). Revenue: CN¥401.7m (down 9.3% from FY 2024). Net income: CN¥161.0m (up CN¥139.1m from FY 2024). Profit margin: 40% (up from 4.9% in FY 2024). Over the last 3 years on average, earnings per share has increased by 135% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Apr 15
Shenzhen Nanshan Power Co., Ltd., Annual General Meeting, May 13, 2026 Shenzhen Nanshan Power Co., Ltd., Annual General Meeting, May 13, 2026, at 14:30 China Standard Time. Location: 17F, Hantang Building, Overseas Chinese Town, Nanshan District, Shenzhen, Guangdong China New Risk • Apr 13
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 8.3% 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: Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results. Announcement • Mar 31
Shenzhen Nanshan Power Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Shenzhen Nanshan Power Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Dec 31
Shenzhen Nanshan Power Co., Ltd. to Report Fiscal Year 2025 Results on Apr 16, 2026 Shenzhen Nanshan Power Co., Ltd. announced that they will report fiscal year 2025 results on Apr 16, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.003 (vs CN¥0.013 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.003 (up from CN¥0.013 loss in 3Q 2024). Revenue: CN¥112.5m (down 39% from 3Q 2024). Net income: CN¥1.80m (up CN¥9.57m from 3Q 2024). Profit margin: 1.6% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 139% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Shenzhen Nanshan Power Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Shenzhen Nanshan Power Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Reported Earnings • Aug 22
Second quarter 2025 earnings released: CN¥0.016 loss per share (vs CN¥0.015 loss in 2Q 2024) Second quarter 2025 results: CN¥0.016 loss per share (further deteriorated from CN¥0.015 loss in 2Q 2024). Revenue: CN¥108.0m (flat on 2Q 2024). Net loss: CN¥9.43m (loss widened 7.5% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 133% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. New Risk • Jul 13
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 6.7% 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: Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results. Announcement • Jul 02
Shenzhen Nanshan Power Co., Ltd. to Report First Half, 2025 Results on Aug 22, 2025 Shenzhen Nanshan Power Co., Ltd. announced that they will report first half, 2025 results on Aug 22, 2025 Reported Earnings • Apr 24
Full year 2024 earnings released Full year 2024 results: Revenue: CN¥443.0m (down 25% from FY 2023). Net income: CN¥21.9m (up 427% from FY 2023). Profit margin: 4.9% (up from 0.7% in FY 2023). Announcement • Apr 23
Shenzhen Nanshan Power Co., Ltd., Annual General Meeting, May 22, 2025 Shenzhen Nanshan Power Co., Ltd., Annual General Meeting, May 22, 2025, at 14:30 China Standard Time. Location: 17F, Hantang Building, Overseas Chinese Town, Nanshan District, Shenzhen, Guangdong China Announcement • Mar 31
Shenzhen Nanshan Power Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Shenzhen Nanshan Power Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 31
Shenzhen Nanshan Power Co., Ltd. to Report Fiscal Year 2024 Results on Apr 23, 2025 Shenzhen Nanshan Power Co., Ltd. announced that they will report fiscal year 2024 results on Apr 23, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: CN¥0.013 loss per share (vs CN¥0.014 profit in 3Q 2023) Third quarter 2024 results: CN¥0.013 loss per share (down from CN¥0.014 profit in 3Q 2023). Revenue: CN¥183.1m (flat on 3Q 2023). Net loss: CN¥7.78m (down 192% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Shenzhen Nanshan Power Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Shenzhen Nanshan Power Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Reported Earnings • Aug 23
Second quarter 2024 earnings released: CN¥0.014 loss per share (vs CN¥0.01 loss in 2Q 2023) Second quarter 2024 results: CN¥0.014 loss per share (further deteriorated from CN¥0.01 loss in 2Q 2023). Revenue: CN¥107.3m (down 33% from 2Q 2023). Net loss: CN¥8.78m (loss widened 44% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • Jul 20
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Jie Ning was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 29
Shenzhen Nanshan Power Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024 Shenzhen Nanshan Power Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024 Reported Earnings • Apr 26
First quarter 2024 earnings released: CN¥0.048 loss per share (vs CN¥0.052 loss in 1Q 2023) First quarter 2024 results: CN¥0.048 loss per share (improved from CN¥0.052 loss in 1Q 2023). Revenue: CN¥80.6m (down 27% from 1Q 2023). Net loss: CN¥29.1m (loss narrowed 6.7% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Apr 12
Shenzhen Nanshan Power Co., Ltd., Annual General Meeting, May 08, 2024 Shenzhen Nanshan Power Co., Ltd., Annual General Meeting, May 08, 2024, at 14:30 China Standard Time. Location: 17F, Hantang Building, Overseas Chinese Town, Nanshan District, Shenzhen, Guangdong China Announcement • Mar 30
Shenzhen Nanshan Power Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Shenzhen Nanshan Power Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 New Risk • Jan 31
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 6.7% 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 Earnings have declined by 50% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Announcement • Dec 30
Shenzhen Nanshan Power Co., Ltd. to Report Fiscal Year 2023 Results on Apr 12, 2024 Shenzhen Nanshan Power Co., Ltd. announced that they will report fiscal year 2023 results on Apr 12, 2024 Announcement • Sep 30
Shenzhen Nanshan Power Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023 Shenzhen Nanshan Power Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 Announcement • Nov 08
Shenzhen Nanshan Power Plans to Buy About 55% Stake in Supply Chain Firm Shenzhen Nanshan Power Co., Ltd. (SZSE:200037) said it plans to buy about 55% stake in supply chain firm, transaction details to be confirmed. Announcement • Feb 20
Shenzhen Nanshan Power Co., Ltd. to Report Fiscal Year 2020 Results on Mar 26, 2021 Shenzhen Nanshan Power Co., Ltd. announced that they will report fiscal year 2020 results on Mar 26, 2021 Announcement • Oct 19
Shenzhen Nanshan Power Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020 Shenzhen Nanshan Power Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020 Announcement • Sep 21
Shenzhen Nanshan Power Co., Ltd.(SZSE:200037) dropped from S&P Global BMI Index Shenzhen Nanshan Power Co., Ltd.(SZSE:200037) dropped from S&P Global BMI Index Announcement • Jul 19
Shenzhen Nanshan Power Co., Ltd. to Report First Half, 2020 Results on Aug 14, 2020 Shenzhen Nanshan Power Co., Ltd. announced that they will report first half, 2020 results on Aug 14, 2020 
