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GuiZhou QianYuan Power SZSE:002039 Stock Report

Last Price


Market Cap







14 Aug, 2022


Company Financials
2039 fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance2/6
Financial Health1/6

2039 Stock Overview

GuiZhou QianYuan Power Co., Ltd. engages in the development, construction, and operation management of hydropower stations in China.

GuiZhou QianYuan Power Competitors

Price History & Performance

Summary of all time highs, changes and price drops for GuiZhou QianYuan Power
Historical stock prices
Current Share PriceCN¥14.90
52 Week HighCN¥20.53
52 Week LowCN¥9.50
1 Month Change-5.40%
3 Month Change12.39%
1 Year Change53.61%
3 Year Change48.58%
5 Year Change30.95%
Change since IPO238.64%

Recent News & Updates

Shareholder Returns

2039CN Renewable EnergyCN Market

Return vs Industry: 002039 exceeded the CN Renewable Energy industry which returned 16.3% over the past year.

Return vs Market: 002039 exceeded the CN Market which returned -10.1% over the past year.

Price Volatility

Is 2039's price volatile compared to industry and market?
2039 volatility
2039 Average Weekly Movement6.2%
Renewable Energy Industry Average Movement6.1%
Market Average Movement6.0%
10% most volatile stocks in CN Market9.1%
10% least volatile stocks in CN Market3.9%

Stable Share Price: 002039 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 002039's weekly volatility (6%) has been stable over the past year.

About the Company

1993734Yuandong Wu

GuiZhou QianYuan Power Co., Ltd. engages in the development, construction, and operation management of hydropower stations in China. It operates 9 hydropower stations with an installed capacity of 3233.5MW. The company was incorporated in 1993 and is based in Guiyang, China.

GuiZhou QianYuan Power Fundamentals Summary

How do GuiZhou QianYuan Power's earnings and revenue compare to its market cap?
2039 fundamental statistics
Market CapCN¥6.37b
Earnings (TTM)CN¥278.13m
Revenue (TTM)CN¥2.18b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2039 income statement (TTM)
Cost of RevenueCN¥986.14m
Gross ProfitCN¥1.19b
Other ExpensesCN¥916.72m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)0.65
Gross Margin54.78%
Net Profit Margin12.75%
Debt/Equity Ratio174.2%

How did 2039 perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is 2039 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2039?

Other financial metrics that can be useful for relative valuation.

2039 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue8.4x
Enterprise Value/EBITDA10.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 2039's PE Ratio compare to its peers?

2039 PE Ratio vs Peers
The above table shows the PE ratio for 2039 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average59.6x
000862 Ning Xia Yin Xing EnergyLtd
000791 GEPIC Energy Development
300614 Henan BCCY Environmental Energy
000722 Hunan Development GroupLtd
002039 GuiZhou QianYuan Power

Price-To-Earnings vs Peers: 002039 is good value based on its Price-To-Earnings Ratio (22.9x) compared to the peer average (59.6x).

Price to Earnings Ratio vs Industry

How does 2039's PE Ratio compare vs other companies in the CN Renewable Energy Industry?

Price-To-Earnings vs Industry: 002039 is good value based on its Price-To-Earnings Ratio (22.9x) compared to the CN Renewable Energy industry average (28.8x)

Price to Earnings Ratio vs Fair Ratio

What is 2039's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2039 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 002039's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of 2039 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002039 (CN¥14.9) is trading below our estimate of fair value (CN¥22.03)

Significantly Below Fair Value: 002039 is trading below fair value by more than 20%.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

How is GuiZhou QianYuan Power forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Utilities industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as GuiZhou QianYuan Power has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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  • Examine whether GuiZhou QianYuan Power is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has GuiZhou QianYuan Power performed over the past 5 years?

Past Performance Score


Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 002039 has high quality earnings.

Growing Profit Margin: 002039's current net profit margins (12.8%) are lower than last year (16.4%).

Past Earnings Growth Analysis

Earnings Trend: 002039's earnings have grown by 9.2% per year over the past 5 years.

Accelerating Growth: 002039's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 002039 had negative earnings growth (-36.2%) over the past year, making it difficult to compare to the Renewable Energy industry average (-10.2%).

Return on Equity

High ROE: 002039's Return on Equity (8.7%) is considered low.

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Financial Health

How is GuiZhou QianYuan Power's financial position?

Financial Health Score


Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 002039's short term assets (CN¥1.7B) do not cover its short term liabilities (CN¥1.9B).

Long Term Liabilities: 002039's short term assets (CN¥1.7B) do not cover its long term liabilities (CN¥9.9B).

Debt to Equity History and Analysis

Debt Level: 002039's net debt to equity ratio (154.4%) is considered high.

Reducing Debt: 002039's debt to equity ratio has reduced from 280.4% to 174.2% over the past 5 years.

Debt Coverage: 002039's debt is not well covered by operating cash flow (13.7%).

Interest Coverage: 002039's interest payments on its debt are not well covered by EBIT (2.5x coverage).

Balance Sheet

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What is GuiZhou QianYuan Power current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 002039's dividend (0.96%) is higher than the bottom 25% of dividend payers in the CN market (0.45%).

High Dividend: 002039's dividend (0.96%) is low compared to the top 25% of dividend payers in the CN market (1.87%).

Stability and Growth of Payments

Stable Dividend: 002039 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 002039's dividend payments have increased, but the company has only paid a dividend for 9 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (22%), 002039's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (6.2%), 002039's dividend payments are thoroughly covered by cash flows.

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How experienced are the management team and are they aligned to shareholders interests?


Average board tenure


Yuandong Wu (52 yo)

no data




Mr. Yuandong Wu serves as General Manager of GuiZhou QianYuan Power Co., Ltd. and has been its Non-Independent Director since February 15, 2019. He served as Non-Independent Director of Guizhou Qianyuan Po...

Board Members

Experienced Board: 002039's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

GuiZhou QianYuan Power Co., Ltd.'s employee growth, exchange listings and data sources

Key Information

  • Name: GuiZhou QianYuan Power Co., Ltd.
  • Ticker: 2039
  • Exchange: SZSE
  • Founded: 1993
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Implied Market Cap: CN¥6.371b
  • Shares outstanding: 427.56m
  • Website:

Number of Employees


  • GuiZhou QianYuan Power Co., Ltd.
  • Qianyuan Building
  • No. 46, Dusi Viaduct Road
  • Guiyang
  • Guizhou Province
  • 550002
  • China


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/14 00:00
End of Day Share Price2022/08/12 00:00
Annual Earnings2021/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.