Declared Dividend • Jul 06
Dividend reduced to CN¥0.013 Dividend of CN¥0.013 is 77% lower than last year. Ex-date: 8th July 2026 Payment date: 8th July 2026 Dividend yield will be 1.7%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (42% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 14% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 54% to shift the payout ratio to a potentially unsustainable range, which is more than the 14% EPS decline seen over the last 5 years. Announcement • Jun 30
CECEP Solar Energy Co.,Ltd. to Report First Half, 2026 Results on Aug 28, 2026 CECEP Solar Energy Co.,Ltd. announced that they will report first half, 2026 results on Aug 28, 2026 Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥5.85, the stock trades at a trailing P/E ratio of 31.9x. Average trailing P/E is 24x in the Renewable Energy industry in China. Total loss to shareholders of 9.4% over the past three years. Reported Earnings • Apr 24
Full year 2025 earnings released: EPS: CN¥0.21 (vs CN¥0.31 in FY 2024) Full year 2025 results: EPS: CN¥0.21 (down from CN¥0.31 in FY 2024). Revenue: CN¥4.96b (down 18% from FY 2024). Net income: CN¥822.6m (down 33% from FY 2024). Profit margin: 17% (down from 20% in FY 2024). The decrease in margin was driven by lower revenue. 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 9% per year, which means it has not declined as severely as earnings. Announcement • Apr 24
CECEP Solar Energy Co.,Ltd., Annual General Meeting, May 15, 2026 CECEP Solar Energy Co.,Ltd., Annual General Meeting, May 15, 2026, at 14:20 China Standard Time. Location: No. 42, Xizhimen North Avenue, Haidian District, Beijing China Announcement • Mar 31
CECEP Solar Energy Co.,Ltd. to Report Q1, 2026 Results on Apr 29, 2026 CECEP Solar Energy Co.,Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Buy Or Sell Opportunity • Mar 26
Now 22% undervalued Over the last 90 days, the stock has risen 35% to CN¥6.14. The fair value is estimated to be CN¥7.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has declined by 13%. Buy Or Sell Opportunity • Mar 10
Now 20% undervalued Over the last 90 days, the stock has risen 41% to CN¥6.29. The fair value is estimated to be CN¥7.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has declined by 13%. Declared Dividend • Jan 05
Dividend of CN¥0.063 announced Shareholders will receive a dividend of CN¥0.063. Ex-date: 8th January 2026 Payment date: 8th January 2026 Dividend yield will be 2.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (44% 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 20% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 51% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.4% EPS decline seen over the last 5 years. Announcement • Dec 31
CECEP Solar Energy Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026 CECEP Solar Energy Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.12 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.12 (down from CN¥0.12 in 3Q 2024). Revenue: CN¥1.40b (down 8.2% from 3Q 2024). Net income: CN¥448.6m (down 5.9% from 3Q 2024). Profit margin: 32% (in line with 3Q 2024). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year and the company’s share price has also fallen by 13% per year. Announcement • Sep 30
CECEP Solar Energy Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025 CECEP Solar Energy Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: CN¥0.099 (vs CN¥0.12 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.099 (down from CN¥0.12 in 2Q 2024). Revenue: CN¥1.40b (down 24% from 2Q 2024). Net income: CN¥387.9m (down 16% from 2Q 2024). Profit margin: 28% (up from 25% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 15% 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 fallen by 9% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Declared Dividend • Jul 07
Dividend of CN¥0.056 announced Shareholders will receive a dividend of CN¥0.056. Ex-date: 11th July 2025 Payment date: 11th July 2025 Dividend yield will be 2.5%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (38% 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 21% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 02
CECEP Solar Energy Co.,Ltd. to Report First Half, 2025 Results on Aug 28, 2025 CECEP Solar Energy Co.,Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • May 18
CECEP Solar Energy Co.,Ltd. Approves Cash Dividend for 2024 CECEP Solar Energy Co.,Ltd. at its Annual General Meeting held on 15 May 2025 approved cash dividend of CNY 0.56000000 per 10 shares (tax included) for 2024. Announcement • Apr 25
CECEP Solar Energy Co.,Ltd. (SZSE:000591) announces an Equity Buyback for CNY 200 million worth of its shares. CECEP Solar Energy Co.,Ltd. (SZSE:000591) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its A shares. The shares will be repurchased at a price of CNY 6.69 per share. The shares repurchased will be used for cancellation and reduction of registered capital. The program will be valid for a period of 12 months. Reported Earnings • Apr 25
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.31 (down from CN¥0.40 in FY 2023). Revenue: CN¥6.04b (down 37% from FY 2023). Net income: CN¥1.23b (down 22% from FY 2023). Profit margin: 20% (up from 17% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 27%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 5.1% 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 fallen by 13% per year, which means it is performing significantly worse than earnings. Announcement • Apr 25
CECEP Solar Energy Co.,Ltd. Proposes Final Cash Dividend for 2024 CECEP Solar Energy Co.,Ltd. proposed final cash dividend of CNY 0.56000000 per 10 shares (tax included) for 2024. Announcement • Apr 24
CECEP Solar Energy Co.,Ltd., Annual General Meeting, May 15, 2025 CECEP Solar Energy Co.,Ltd., Annual General Meeting, May 15, 2025, at 14:20 China Standard Time. Location: No. 42, Xizhimen North Avenue, Haidian District, Beijing China Announcement • Mar 31
CECEP Solar Energy Co.,Ltd. to Report Q1, 2025 Results on Apr 30, 2025 CECEP Solar Energy Co.,Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Nov 23
CECEP Solar Energy Co.,Ltd. Approves Cash Dividend for the Third Quarter of 2024 CECEP Solar Energy Co.,Ltd. at its Extraordinary General Meeting held on 20 November 2024 approved the cash dividend of CNY 0.57000000 per 10 shares (tax included) for the third quarter of 2024. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.14 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.12 (down from CN¥0.14 in 3Q 2023). Revenue: CN¥1.53b (down 37% from 3Q 2023). Net income: CN¥476.5m (down 14% from 3Q 2023). Profit margin: 31% (up from 23% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Announcement • Sep 30
CECEP Solar Energy Co.,Ltd. to Report Q3, 2024 Results on Oct 30, 2024 CECEP Solar Energy 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 25% After last week's 25% share price gain to CN¥5.12, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Renewable Energy industry in China. Total loss to shareholders of 56% over the past three years. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.13 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.12 (down from CN¥0.13 in 2Q 2023). Revenue: CN¥1.83b (down 21% from 2Q 2023). Net income: CN¥463.6m (down 9.0% from 2Q 2023). Profit margin: 25% (up from 22% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Announcement • Jul 02
CECEP Solar Energy Co.,Ltd. Announces Final Cash Dividend of A Shares for 2023, Payable on 05 July 2024 CECEP Solar Energy Co.,Ltd. announced final cash dividend of CNY 1.45839000 per 10 A shares for 2023 (tax included). Record date: 04 July 2024. Ex-date: 05 July 2024. Payment date: 05 July 2024. Announcement • Jun 29
CECEP Solar Energy Co.,Ltd. to Report First Half, 2024 Results on Aug 28, 2024 CECEP Solar Energy Co.,Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Board Change • Jun 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Liansuo An 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 • May 12
Cecep Solar Energy Co.,Ltd. Announces Directorate Appointments CECEP Solar Energy Co.,Ltd. at its Annual General Meeting of 2023 on 09 May 2024, approved appointment of Cao Zijun, Xie Zhengwu, Wang Li and Liu Bin as non-independent directors; An Liansuo and Lu Jianping as independent directors and Zhu Zuohong as shareholder supervisors. Announcement • May 11
CECEP Solar Energy Co.,Ltd. Approves Cash Dividend for 2023 CECEP Solar Energy Co.,Ltd. at its Annual General Meeting of 2023 on 09 May 2024, approve Cash dividend/10 shares (tax included): CNY 1.46000000. Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CN¥0.09 (vs CN¥0.10 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.09 (down from CN¥0.10 in 1Q 2023). Revenue: CN¥1.41b (down 17% from 1Q 2023). Net income: CN¥350.7m (down 9.8% from 1Q 2023). Profit margin: 25% (up from 23% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 7.3% 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 fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 14
Full year 2023 earnings released: EPS: CN¥0.40 (vs CN¥0.41 in FY 2022) Full year 2023 results: EPS: CN¥0.40. Revenue: CN¥9.54b (up 3.3% from FY 2022). Net income: CN¥1.58b (up 14% from FY 2022). Profit margin: 17% (up from 15% in FY 2022). The increase in margin was driven by higher revenue. Announcement • Apr 13
CECEP Solar Energy Co.,Ltd., Annual General Meeting, May 09, 2024 CECEP Solar Energy Co.,Ltd., Annual General Meeting, May 09, 2024, at 14:00 China Standard Time. Announcement • Mar 30
CECEP Solar Energy Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024 CECEP Solar Energy Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥5.49, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Renewable Energy industry in China. Total loss to shareholders of 1.2% over the past three years. Announcement • Dec 29
CECEP Solar Energy Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 13, 2024 CECEP Solar Energy Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 13, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.11 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.14 (up from CN¥0.11 in 3Q 2022). Revenue: CN¥2.41b (up 2.5% from 3Q 2022). Net income: CN¥551.0m (up 43% from 3Q 2022). Profit margin: 23% (up from 16% in 3Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Renewable Energy industry in China. 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 8% per year. Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.17 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.13 (down from CN¥0.17 in 2Q 2022). Revenue: CN¥2.32b (up 8.6% from 2Q 2022). Net income: CN¥509.6m (down 1.5% from 2Q 2022). Profit margin: 22% (down from 24% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% 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 increased by 3% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 21
CECEP Solar Energy Co.,Ltd. Announces Final Cash Dividend on A Shares for the Year 2022, Payable on June 28, 2023 CECEP Solar Energy Co.,Ltd. announced final cash dividend of CNY 1.28 per 10 shares on A shares for the year 2022. Record date is June 27, 2023, Ex-Date is June 28, 2023 and Payment Date is June 28, 2023. Reported Earnings • Apr 13
Full year 2022 earnings released: EPS: CN¥0.41 (vs CN¥0.39 in FY 2021) Full year 2022 results: EPS: CN¥0.41 (up from CN¥0.39 in FY 2021). Revenue: CN¥9.24b (up 32% from FY 2021). Net income: CN¥1.39b (up 17% from FY 2021). Profit margin: 15% (down from 17% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.13 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.11. Revenue: CN¥2.35b (up 28% from 3Q 2021). Net income: CN¥385.8m (up 2.8% from 3Q 2021). Profit margin: 16% (down from 20% in 3Q 2021). The decrease in margin was driven by higher expenses. Announcement • Oct 21
CECEP Solar Energy Co.,Ltd. Announces Cash Dividend for 2022, Payable on 26 October 2022 CECEP Solar Energy Co.,Ltd. announced cash dividend (tax included) of CNY 1.09000000 per 10 shares for 2022. The dividend will be payable on 26 October 2022 with record date of 25 October 2022 and Ex-date of 26 October 2022. Announcement • Aug 27
Cecep Solar Energy Co.,Ltd. Proposes Cash Dividend for the First Half of 2022 CECEP Solar Energy Co.,Ltd. proposed cash dividend/10 shares (tax included) of CNY 1.09000000 for the first half of 2022. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.18 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.17 (down from CN¥0.18 in 2Q 2021). Revenue: CN¥2.14b (up 20% from 2Q 2021). Net income: CN¥517.3m (down 3.1% from 2Q 2021). Profit margin: 24% (down from 30% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: CN¥0.087 (vs CN¥0.093 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.087 (down from CN¥0.093 in 1Q 2021). Revenue: CN¥1.40b (down 11% from 1Q 2021). Net income: CN¥261.5m (down 6.1% from 1Q 2021). Profit margin: 19% (up from 18% in 1Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 50%, compared to a 12% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Apr 16
CECEP Solar Energy Co.,Ltd., Annual General Meeting, May 10, 2022 CECEP Solar Energy Co.,Ltd., Annual General Meeting, May 10, 2022, at 14:00 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual accounts; to consider 2021 profit distribution plan; to consider 2021 remuneration for directors, supervisors and senior management; to consider Special report on the deposit and use of raised funds in 2021; to consider 2021 internal control self-evaluation report; to consider Confirmation of 2021 continuing connected transactions and 2022 estimated continuing connected transactions; to consider 2021 annual report and its summary; to consider 2022 financial budget report; and to consider other matters. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥7.47, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 29x in the Renewable Energy industry in China. Total returns to shareholders of 97% over the past three years. Reported Earnings • Mar 16
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.39 (up from CN¥0.34 in FY 2020). Revenue: CN¥7.02b (up 32% from FY 2020). Net income: CN¥1.18b (up 15% from FY 2020). Profit margin: 17% (down from 19% 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 14% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥11.55, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 19x in the Renewable Energy industry in China. Total returns to shareholders of 270% over the past three years. Reported Earnings • Oct 25
Third quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.12 in 3Q 2020) The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues improved. Third quarter 2021 results: Revenue: CN¥1.85b (up 30% from 3Q 2020). Net income: CN¥375.2m (flat on 3Q 2020). Profit margin: 20% (down from 27% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 22% share price decline to CN¥9.76, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 23x in the Renewable Energy industry in China. Total returns to shareholders of 276% over the past three years. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥10.62, the stock trades at a trailing P/E ratio of 25.8x. Average trailing P/E is 23x in the Renewable Energy industry in China. Total returns to shareholders of 251% over the past three years. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥8.62, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 20x in the Renewable Energy industry in China. Total returns to shareholders of 181% over the past three years. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.18 (vs CN¥0.15 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥1.79b (up 33% from 2Q 2020). Net income: CN¥534.1m (up 19% from 2Q 2020). Profit margin: 30% (down from 34% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥7.13, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 17x in the Renewable Energy industry in China. Total returns to shareholders of 111% over the past three years. Announcement • Apr 29
CECEP Solar Energy Co.,Ltd. Proposes Cash Dividend (Tax Included) for 2020 CECEP Solar Energy Co.,Ltd. proposed cash dividend (tax included) for 2020 of CNY 1.24000000 per 10 shares. Reported Earnings • Apr 16
Full year 2020 earnings released: EPS CN¥0.34 (vs CN¥0.30 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥5.31b (up 5.9% from FY 2019). Net income: CN¥1.03b (up 13% from FY 2019). Profit margin: 19% (up from 18% 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 10% per year whereas the company’s share price has increased by 7% per year. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥6.85, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 19x in the Renewable Energy industry in China. Total returns to shareholders of 53% over the past three years. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥7.64, the stock trades at a trailing P/E ratio of 21.4x, up from the previous P/E ratio of 18.5x. Average P/E is 19x in the Renewable Energy industry in China. Total returns to shareholders over the past three years are 68%. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥6.89, the stock is trading at a trailing P/E ratio of 19.3x, up from the previous P/E ratio of 16.4x. This compares to an average P/E of 16x in the Renewable Energy industry in China. Total returns to shareholders over the past three years are 50%. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥6.26, the stock is trading at a trailing P/E ratio of 17.6x, down from the previous P/E ratio of 20.9x. This compares to an average P/E of 16x in the Renewable Energy industry in China. Total returns to shareholders over the past three years are 32%. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥7.88, the stock is trading at a trailing P/E ratio of 22.1x, up from the previous P/E ratio of 18x. 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 49%. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥5.89, the stock is trading at a trailing P/E ratio of 16.5x, up from the previous P/E ratio of 13.6x. 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 11%. Is New 90 Day High Low • Dec 23
New 90-day high: CN¥5.35 The company is up 22% from its price of CN¥4.38 on 24 September 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 2.0% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥1.07b, up 12% from the prior year. Total revenue was CN¥5.11b over the last 12 months, down 10% from the prior year. Announcement • Aug 13
CECEP Solar Energy Co.,Ltd. to Report First Half, 2020 Results on Aug 29, 2020 CECEP Solar Energy Co.,Ltd. announced that they will report first half, 2020 results on Aug 29, 2020