Announcement • Jun 30
SPIC Green Energy Co., Ltd. to Report First Half, 2026 Results on Aug 25, 2026 SPIC Green Energy Co., Ltd. announced that they will report first half, 2026 results on Aug 25, 2026 Declared Dividend • Jun 08
Dividend of CN¥0.016 announced Dividend of CN¥0.016 is the same as last year. Ex-date: 9th June 2026 Payment date: 9th June 2026 Dividend yield will be 0.9%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (124% earnings payout ratio). However, it is well covered by cash flows (13% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 38% to bring the payout ratio under control. EPS is expected to grow by 143% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Major Estimate Revision • Apr 27
Consensus EPS estimates fall by 33% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from CN¥0.217 to CN¥0.145 per share. Revenue forecast steady at CN¥13.9b. Net income forecast to grow 246% next year vs 12% growth forecast for Renewable Energy industry in China. Consensus price target up from CN¥7.02 to CN¥7.60. Share price fell 3.0% to CN¥6.57 over the past week. Reported Earnings • Apr 21
First quarter 2026 earnings released: EPS: CN¥0.08 (vs CN¥0.17 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.08 (down from CN¥0.17 in 1Q 2025). Revenue: CN¥3.52b (down 6.5% from 1Q 2025). Net income: CN¥274.2m (down 56% from 1Q 2025). Profit margin: 7.8% (down from 17% in 1Q 2025). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Apr 21
SPIC Green Energy Co., Ltd., Annual General Meeting, May 13, 2026 SPIC Green Energy Co., Ltd., Annual General Meeting, May 13, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Changchun, Jilin China Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥6.10, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 15x in the Renewable Energy industry in China. Total returns to shareholders of 20% over the past three years. Announcement • Mar 31
SPIC Green Energy Co., Ltd. to Report Q1, 2026 Results on Apr 21, 2026 SPIC Green Energy Co., Ltd. announced that they will report Q1, 2026 results on Apr 21, 2026 Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥7.93, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 14x in the Renewable Energy industry in China. Total returns to shareholders of 43% over the past three years. Price Target Changed • Feb 11
Price target increased by 22% to CN¥7.02 Up from CN¥5.76, the current price target is an average from 2 analysts. New target price is 6.8% above last closing price of CN¥6.57. Stock is up 23% over the past year. The company is forecast to post earnings per share of CN¥0.14 for next year compared to CN¥0.38 last year. Major Estimate Revision • Feb 10
Consensus EPS estimates fall by 27% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥13.6b to CN¥13.2b. EPS estimate also fell from CN¥0.26 per share to CN¥0.19 per share. Net income forecast to grow 63% next year vs 17% growth forecast for Renewable Energy industry in China. Consensus price target of CN¥5.97 unchanged from last update. Share price fell 5.4% to CN¥6.70 over the past week. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥6.77, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 14x in the Renewable Energy industry in China. Total returns to shareholders of 22% over the past three years. Announcement • Dec 31
Jilin Electric Power Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 21, 2026 Jilin Electric Power Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 21, 2026 Major Estimate Revision • Nov 03
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥13.8b to CN¥13.6b. EPS estimate also fell from CN¥0.295 per share to CN¥0.26 per share. Net income forecast to grow 165% next year vs 17% growth forecast for Renewable Energy industry in China. Consensus price target up from CN¥5.76 to CN¥5.97. Share price was steady at CN¥5.86 over the past week. Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.016 (vs CN¥0.12 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.016 (down from CN¥0.12 in 3Q 2024). Revenue: CN¥3.15b (down 4.0% from 3Q 2024). Net income: CN¥57.1m (down 82% from 3Q 2024). Profit margin: 1.8% (down from 9.7% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 7.2% 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 increased by 2% per year whereas the company’s share price has fallen by 2% per year. Announcement • Sep 30
Jilin Electric Power Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Jilin Electric Power Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Sep 11
Jilin Electric Power Co.,Ltd. Appoints He Lu as Shareholder Director Jilin Electric Power Co.,Ltd. announced that at the EGM held on 09 September 2025, approved the appointment of He Lu as shareholder director. New Risk • Aug 22
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.4% Last year net profit margin: 8.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (5.4% net profit margin). Shareholders have been diluted in the past year (30% increase in shares outstanding). Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: CN¥0.029 (vs CN¥0.17 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.029 (down from CN¥0.17 in 2Q 2024). Revenue: CN¥2.81b (down 8.6% from 2Q 2024). Net income: CN¥102.3m (down 79% from 2Q 2024). Profit margin: 3.6% (down from 16% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 11% 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 increased by 16% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Jul 02
Jilin Electric Power Co.,Ltd. to Report First Half, 2025 Results on Aug 22, 2025 Jilin Electric Power Co.,Ltd. announced that they will report first half, 2025 results on Aug 22, 2025 Announcement • May 22
Jilin Electric Power Co.,Ltd. Approves Final Dividend for 2024 Jilin Electric Power Co.,Ltd. approved at its AGM held on May 20, 2025, approved final cash dividend of CNY 0.16000000 per 10 shares (tax included) for the 2024. Reported Earnings • Apr 29
First quarter 2025 earnings released: EPS: CN¥0.17 (vs CN¥0.22 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.17. Revenue: CN¥3.76b (down 1.4% from 1Q 2024). Net income: CN¥623.2m (flat on 1Q 2024). Profit margin: 17% (in line with 1Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Renewable Energy industry in China. Announcement • Apr 29
Jilin Electric Power Co.,Ltd., Annual General Meeting, May 20, 2025 Jilin Electric Power Co.,Ltd., Annual General Meeting, May 20, 2025, at 13:40 China Standard Time. Announcement • Mar 31
Jilin Electric Power Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Jilin Electric Power Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Feb 13
Jilin Electric Power Co.,Ltd. Elects Deng Zhefei as Shareholder Director Jilin Electric Power Co.,Ltd. elected Deng Zhefei as a shareholder director, at its EGM held on 11 February 2025. New Risk • Jan 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 30% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (30% increase in shares outstanding). Announcement • Dec 31
Jilin Electric Power Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Jilin Electric Power Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.068 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.12 (up from CN¥0.068 in 3Q 2023). Revenue: CN¥3.28b (down 3.2% from 3Q 2023). Net income: CN¥318.9m (up 69% from 3Q 2023). Profit margin: 9.7% (up from 5.6% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% 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 increased by 26% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥6.26, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Renewable Energy industry in China. Negligible returns to shareholders over past three years. Announcement • Sep 30
Jilin Electric Power Co.,Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Jilin Electric Power 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 21% After last week's 21% share price gain to CN¥5.50, 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 22% over the past three years. Announcement • Aug 07
Jilin Electric Power Co.,Ltd. Announces Interim Dividend on A Shares for the Year 2024, Payable on 12 August 2024 Jilin Electric Power Co.,Ltd. announced interim cash dividend/10 shares (tax included) of CNY1.17000000 on A shares for the year 2024. Record date is 09 August 2024. Ex-date is 12 August 2024. Payment date is 12 August 2024. Reported Earnings • Jul 31
Second quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.14 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.14 in 2Q 2023). Revenue: CN¥3.07b (down 15% from 2Q 2023). Net income: CN¥476.0m (up 21% from 2Q 2023). Profit margin: 16% (up from 11% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.9% 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 increased by 16% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Jilin Electric Power Co.,Ltd. to Report First Half, 2024 Results on Jul 31, 2024 Jilin Electric Power Co.,Ltd. announced that they will report first half, 2024 results on Jul 31, 2024 Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥6.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Renewable Energy industry in China. Total returns to shareholders of 15% over the past three years. Announcement • May 09
Jilin Electric Power Co.,Ltd., Annual General Meeting, May 28, 2024 Jilin Electric Power Co.,Ltd., Annual General Meeting, May 28, 2024, at 13:40 China Standard Time. Location: The Company's Meeting Room, Changchun, Jilin China Major Estimate Revision • May 08
Consensus revenue estimates fall by 15% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥18.1b to CN¥15.5b. EPS estimate fell from CN¥0.53 to CN¥0.435 per share. Net income forecast to grow 29% next year vs 29% growth forecast for Renewable Energy industry in China. Consensus price target of CN¥6.06 unchanged from last update. Share price rose 6.1% to CN¥5.03 over the past week. Price Target Changed • May 05
Price target decreased by 8.9% to CN¥6.06 Down from CN¥6.65, the current price target is provided by 1 analyst. New target price is 28% above last closing price of CN¥4.74. Stock is down 14% over the past year. The company is forecast to post earnings per share of CN¥0.43 for next year compared to CN¥0.33 last year. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.22 (vs CN¥0.18 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.22 (up from CN¥0.18 in 1Q 2023). Revenue: CN¥3.81b (down 5.2% from 1Q 2023). Net income: CN¥618.6m (up 23% from 1Q 2023). Profit margin: 16% (up from 13% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
Jilin Electric Power Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Jilin Electric Power Co.,Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥3.53, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Renewable Energy industry in China. Total loss to shareholders of 3.1% over the past three years. Announcement • Feb 02
Jilin Electric Power Co.,Ltd. Approves Jin Hua as an Independent Director Jilin Electric Power Co.,Ltd. held its 1st Extraordinary General Meeting of 2024 on 31 January 2024, during which the following proposal(s) was approved Election of Jin Hua as an independent director. Announcement • Dec 29
Jilin Electric Power Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024 Jilin Electric Power Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024 Reported Earnings • Nov 05
Third quarter 2023 earnings released: EPS: CN¥0.068 (vs CN¥0.024 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.068 (up from CN¥0.024 in 3Q 2022). Revenue: CN¥3.39b (flat on 3Q 2022). Net income: CN¥188.7m (up 177% from 3Q 2022). Profit margin: 5.6% (up from 2.0% in 3Q 2022). Revenue is forecast to grow 13% 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 9% per year whereas the company’s share price has increased by 6% per year. Board Change • Oct 12
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. 4 non-independent directors. Independent Directors Xuedong Zhang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 30
Jilin Electric Power Co.,Ltd. to Report Q3, 2023 Results on Oct 31, 2023 Jilin Electric Power Co.,Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023 Announcement • Sep 16
Jilin Electric Power Co.,Ltd. Approves Interim Cash Dividend Jilin Electric Power Co.,Ltd. approved cash dividend/10 shares (tax included) of CNY 1.10000000 at its EGM held on 14 September 2023 at its EGM held on 14 September 2023. Announcement • Sep 01
Jilin Electric Power Co.,Ltd. Announces the Profit Distribution Proposal for the First Half of 2023 Jilin Electric Power Co.,Ltd. announced on 30 August 2023 the profit distribution proposal for the first half of 2023 as follows: Cash dividend per 10 shares (tax included) of CNY 1.10000000. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.12 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.14 (up from CN¥0.12 in 2Q 2022). Revenue: CN¥3.61b (up 5.9% from 2Q 2022). Net income: CN¥393.8m (up 16% from 2Q 2022). Profit margin: 11% (up from 9.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% 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 6% per year and the company’s share price has also increased by 6% per year. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.15 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.18 (up from CN¥0.15 in 1Q 2022). Revenue: CN¥4.02b (down 6.2% from 1Q 2022). Net income: CN¥503.2m (up 21% from 1Q 2022). Profit margin: 13% (up from 9.7% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 19% 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 8% per year whereas the company’s share price has increased by 12% per year. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Directors Xuedong 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 5 new directors who have joined the board in the last 3 years. Independent Directors Xuedong 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 28
Third quarter 2022 earnings released: EPS: CN¥0.024 (vs CN¥0.009 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.024 (up from CN¥0.009 loss in 3Q 2021). Revenue: CN¥3.37b (up 32% from 3Q 2021). Net income: CN¥68.1m (up CN¥95.0m from 3Q 2021). Profit margin: 2.0% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 12% 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 increased by 10% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Oct 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Directors Xuedong 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. Announcement • Sep 16
Jilin Electric Power Co.,Ltd. Announces Executive Appointments Jilin Electric Power Co.,Ltd. at its EGM held on 14 September 2022 appointed Niu Guojun and Liao Jianbo as shareholder directors. Company appointed Zhang Xuedong and Pan Guigang as independent directors. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥7.38, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Renewable Energy industry in China. Total returns to shareholders of 144% over the past three years. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.10 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.12 (up from CN¥0.10 in 2Q 2021). Revenue: CN¥3.41b (up 22% from 2Q 2021). Net income: CN¥338.6m (up 22% from 2Q 2021). Profit margin: 9.9% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 7.4%, compared to a 15% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 20
Jilin Electric Power Co.,Ltd. Elects Xu Zuyong as A Shareholder Supervisor Jilin Electric Power Co.,Ltd. announced that at the Annual General Meeting of 2021 on 18 May 2022, election of Xu Zuyong as a shareholder supervisor. Reported Earnings • Apr 28
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: CN¥0.15 (down from CN¥0.20 in 1Q 2021). Revenue: CN¥4.29b (up 22% from 1Q 2021). Net income: CN¥415.0m (down 2.5% from 1Q 2021). Profit margin: 9.7% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) missed analyst estimates by 44%. Over the next year, revenue is forecast to grow 11%, compared to a 12% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target increased to CN¥8.56 Up from CN¥6.39, the current price target is an average from 3 analysts. New target price is 40% above last closing price of CN¥6.13. Stock is up 34% over the past year. The company is forecast to post earnings per share of CN¥0.26 for next year compared to CN¥0.17 last year. 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 Wang Yijun was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥6.98, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 15x in the Renewable Energy industry in China. Total returns to shareholders of 102% over the past three years. Reported Earnings • Apr 03
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥0.17 (down from CN¥0.22 in FY 2020). Revenue: CN¥13.2b (up 31% from FY 2020). Net income: CN¥450.4m (down 5.8% from FY 2020). Profit margin: 3.4% (down from 4.8% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) missed analyst estimates by 44%. Over the next year, revenue is forecast to grow 7.4%, compared to a 12% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Announcement • Apr 02
Jilin Electric Power Co.,Ltd., Annual General Meeting, Apr 20, 2022 Jilin Electric Power Co.,Ltd., Annual General Meeting, Apr 20, 2022, at 14:00 China Standard Time. Agenda: To consider the 2021 work report of the board of directors; to consider the 2021 work report of the supervisory committee; to consider the 2021 annual accounts; to consider the 2021 profit distribution plan; to consider the 2021 annual report and its summary; to consider the 2022 financing plan; to consider the 2022 investment plan; to consider the financial service agreement to be signed with a company; to consider the handling deposits and loan business in the above company; to consider the handling leasing business with another company; to consider the 2022 estimated continuing connected transactions; and to consider the election of Xu Zuyong as a shareholder supervisor. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥9.39, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 16x in the Renewable Energy industry in China. Total returns to shareholders of 210% over the past three years. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥8.86, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 18x in the Renewable Energy industry in China. Total returns to shareholders of 202% over the past three years. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥8.40, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 21x in the Renewable Energy industry in China. Total returns to shareholders of 227% over the past three years. Reported Earnings • Oct 26
Third quarter 2021 earnings released: CN¥0.009 loss per share (vs CN¥0.016 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: CN¥2.55b (up 19% from 3Q 2020). Net loss: CN¥26.9m (loss narrowed 22% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥6.28, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Renewable Energy industry in China. Total returns to shareholders of 145% over the past three years. Price Target Changed • Oct 11
Price target increased to CN¥7.33 Up from CN¥6.39, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥7.51. Stock is up 80% over the past year. Board Change • Oct 11
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 Wang Yijun was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥7.40, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 17x in the Renewable Energy industry in China. Total returns to shareholders of 155% over the past three years. Reported Earnings • Aug 20
Second quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.099 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥2.79b (up 32% from 2Q 2020). Net income: CN¥278.0m (up 39% from 2Q 2020). Profit margin: 10.0% (in line with 2Q 2020). 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 29% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 25% share price gain to CN¥6.27, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Renewable Energy industry in China. Total returns to shareholders of 111% over the past three years. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥5.83, 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 106% over the past three years. Reported Earnings • May 01
First quarter 2021 earnings released: EPS CN¥0.20 (vs CN¥0.12 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥3.51b (up 41% from 1Q 2020). Net income: CN¥425.6m (up 62% from 1Q 2020). Profit margin: 12% (up from 11% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 14
Full year 2020 earnings released: EPS CN¥0.22 (vs CN¥0.07 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥10.1b (up 19% from FY 2019). Net income: CN¥478.1m (up 224% from FY 2019). Profit margin: 4.8% (up from 1.7% 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 99% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 03
New 90-day high: CN¥4.58 The company is up 13% from its price of CN¥4.05 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. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥4.36, the stock is trading at a trailing P/E ratio of 35x, up from the previous P/E ratio of 30x. 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 35%. Is New 90 Day High Low • Feb 05
New 90-day low: CN¥3.76 The company is down 3.0% from its price of CN¥3.89 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Renewable Energy industry, which is down 4.0% over the same period. Is New 90 Day High Low • Dec 21
New 90-day high: CN¥4.20 The company is up 4.0% from its price of CN¥4.05 on 22 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 1.0% over the same period. Is New 90 Day High Low • Nov 02
New 90-day low: CN¥3.84 The company is down 13% from its price of CN¥4.42 on 04 August 2020. The Chinese market is down 6.0% 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 25
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥264.4m, down 37% from the prior year. Total revenue was CN¥9.07b over the last 12 months, up 7.4% from the prior year. Announcement • Oct 17
Jilin Electric Power Co.,Ltd. to Report Q3, 2020 Results on Oct 24, 2020 Jilin Electric Power Co.,Ltd. announced that they will report Q3, 2020 results on Oct 24, 2020 Announcement • Jul 19
Jilin Electric Power Co.,Ltd. to Report First Half, 2020 Results on Aug 12, 2020 Jilin Electric Power Co.,Ltd. announced that they will report first half, 2020 results on Aug 12, 2020 
