Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥5.60, the stock trades at a trailing P/E ratio of 65.3x. Average trailing P/E is 21x in the Renewable Energy industry in China. Total returns to shareholders of 11% over the past three years. Announcement • Jun 30
Guangzhou Devotion Thermal Technology Co., Ltd. to Report First Half, 2026 Results on Aug 26, 2026 Guangzhou Devotion Thermal Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 26, 2026 Board Change • Jun 01
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. 8 experienced directors. 4 highly experienced directors. Chairman of the Supervisory Board Zhijie Zhang was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Declared Dividend • May 17
Dividend of CN¥0.10 announced Dividend of CN¥0.10 is the same as last year. Ex-date: 21st May 2026 Payment date: 21st May 2026 Dividend yield will be 1.5%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (123% earnings payout ratio). However, it is well covered by cash flows (40% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 37% to bring the payout ratio under control. However, EPS has declined by 11% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Apr 17
Full year 2025 earnings released: EPS: CN¥0.09 (vs CN¥0.10 in FY 2024) Full year 2025 results: EPS: CN¥0.09 (down from CN¥0.10 in FY 2024). Revenue: CN¥1.04b (down 6.4% from FY 2024). Net income: CN¥44.0m (down 9.4% from FY 2024). Profit margin: 4.2% (down from 4.4% 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 30% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • Apr 16
Guangzhou Devotion Thermal Technology Co., Ltd., Annual General Meeting, May 08, 2026 Guangzhou Devotion Thermal Technology Co., Ltd., Annual General Meeting, May 08, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China Announcement • Mar 31
Guangzhou Devotion Thermal Technology Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Guangzhou Devotion Thermal Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 New Risk • Mar 24
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 8.1% 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 Dividend is not well covered by earnings (98% payout ratio). Share price has been volatile over the past 3 months (8.1% average weekly change). Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥8.40, the stock trades at a trailing P/E ratio of 79.3x. Average trailing P/E is 22x in the Renewable Energy industry in China. Total returns to shareholders of 84% over the past three years. Announcement • Dec 31
Guangzhou Devotion Thermal Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 17, 2026 Guangzhou Devotion Thermal Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 17, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.032 (vs CN¥0.059 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.032 (down from CN¥0.059 in 3Q 2024). Revenue: CN¥288.9m (down 6.7% from 3Q 2024). Net income: CN¥16.1m (down 43% from 3Q 2024). Profit margin: 5.6% (down from 9.1% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Guangzhou Devotion Thermal Technology Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Guangzhou Devotion Thermal Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 New Risk • Jul 10
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 6.8% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to CN¥7.09, the stock trades at a trailing P/E ratio of 57.4x. Average trailing P/E is 18x in the Renewable Energy industry in China. Total returns to shareholders of 53% over the past three years. Announcement • Jul 02
Guangzhou Devotion Thermal Technology Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Guangzhou Devotion Thermal Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Declared Dividend • May 12
Dividend reduced to CN¥0.10 Dividend of CN¥0.10 is 17% lower than last year. Ex-date: 16th May 2025 Payment date: 16th May 2025 Dividend yield will be 1.9%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (84% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 11
Full year 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.13 in FY 2023) Full year 2024 results: EPS: CN¥0.10 (down from CN¥0.13 in FY 2023). Revenue: CN¥1.12b (down 18% from FY 2023). Net income: CN¥48.5m (down 19% from FY 2023). Profit margin: 4.4% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Apr 11
Guangzhou Devotion Thermal Technology Co., Ltd. Proposes Final Cash Dividend for 2024 Guangzhou Devotion Thermal Technology Co., Ltd. proposed final cash dividend of CNY 1.00000000 per 10 shares (tax included) for 2024. Announcement • Apr 10
Guangzhou Devotion Thermal Technology Co., Ltd., Annual General Meeting, Apr 30, 2025 Guangzhou Devotion Thermal Technology Co., Ltd., Annual General Meeting, Apr 30, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China Announcement • Mar 31
Guangzhou Devotion Thermal Technology Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Guangzhou Devotion Thermal Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Dec 31
Guangzhou Devotion Thermal Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 10, 2025 Guangzhou Devotion Thermal Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 10, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.059 (vs CN¥0.06 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.059. Revenue: CN¥309.6m (down 14% from 3Q 2023). Net income: CN¥28.2m (up 8.2% from 3Q 2023). Profit margin: 9.1% (up from 7.3% in 3Q 2023). The increase in margin was driven by lower expenses. Buy Or Sell Opportunity • Oct 09
Now 23% undervalued Over the last 90 days, the stock has risen 19% to CN¥4.60. The fair value is estimated to be CN¥5.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.0% over the last 3 years. Earnings per share has grown by 57%. Announcement • Sep 30
Guangzhou Devotion Thermal Technology Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Guangzhou Devotion Thermal Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥4.74, the stock trades at a trailing P/E ratio of 39.8x. Average trailing P/E is 18x in the Renewable Energy industry in China. Total loss to shareholders of 34% over the past three years. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: CN¥0.059 (vs CN¥0.049 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.059 (up from CN¥0.049 in 2Q 2023). Revenue: CN¥273.7m (down 19% from 2Q 2023). Net income: CN¥27.7m (up 4.6% from 2Q 2023). Profit margin: 10% (up from 7.8% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Guangzhou Devotion Thermal Technology Co., Ltd. to Report First Half, 2024 Results on Aug 16, 2024 Guangzhou Devotion Thermal Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 16, 2024 Board Change • Jun 04
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Chairman of the Supervisory Board Zhijie Zhang was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • May 16
Guangzhou Devotion Thermal Technology Co., Ltd. Announces 2023 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on 22 May 2024 Guangzhou Devotion Thermal Technology Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares) cash dividend of CNY 1.20000000 /10 shares (tax included). Payment date: 22 May 2024. Record date: 21 May 2024. Ex-date: 22 May 2024. Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CN¥0.02 (vs CN¥0.03 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.02 (down from CN¥0.03 in 1Q 2023). Revenue: CN¥194.4m (down 19% from 1Q 2023). Net income: CN¥8.76m (down 33% from 1Q 2023). Profit margin: 4.5% (down from 5.5% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 17
Full year 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.18 in FY 2022) Full year 2023 results: EPS: CN¥0.13 (down from CN¥0.18 in FY 2022). Revenue: CN¥1.37b (up 20% from FY 2022). Net income: CN¥59.9m (down 16% from FY 2022). Profit margin: 4.4% (down from 6.2% in FY 2022). 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 fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Apr 16
Guangzhou Devotion Thermal Technology Co., Ltd., Annual General Meeting, May 07, 2024 Guangzhou Devotion Thermal Technology Co., Ltd., Annual General Meeting, May 07, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥3.87, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 19x in the Renewable Energy industry in China. Total loss to shareholders of 16% over the past three years. Announcement • Mar 30
Guangzhou Devotion Thermal Technology Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Guangzhou Devotion Thermal Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥4.17, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 17x in the Renewable Energy industry in China. Total returns to shareholders of 5.4% over the past three years. Announcement • Dec 29
Guangzhou Devotion Thermal Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 16, 2024 Guangzhou Devotion Thermal Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 16, 2024 Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.06 (vs CN¥0.069 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.06. Revenue: CN¥359.3m (up 6.9% from 3Q 2022). Net income: CN¥26.1m (up 372% from 3Q 2022). Profit margin: 7.3% (up from 1.6% in 3Q 2022). Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: CN¥0.049 (vs CN¥0.003 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.049 (up from CN¥0.003 in 2Q 2022). Revenue: CN¥338.5m (up 31% from 2Q 2022). Net income: CN¥26.5m (up CN¥24.3m from 2Q 2022). Profit margin: 7.8% (up from 0.8% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 1% per year. Announcement • Jul 01
Guangzhou Devotion Thermal Technology Co., Ltd. to Report Q2, 2023 Results on Aug 22, 2023 Guangzhou Devotion Thermal Technology Co., Ltd. announced that they will report Q2, 2023 results on Aug 22, 2023 Announcement • Jun 01
Guangzhou Devotion Thermal Technology Co., Ltd. Announces Cash Dividend of A Shares for the Year 2022, Payment Date Is 06 June 2023 Guangzhou Devotion Thermal Technology Co., Ltd. announced cash dividend/10 shares (tax included) of CNY 1.3000000 of A shares for the year 2022. Record date is 05 June 2023. Ex-date is 06 June 2023. Payment date 06 June 2023. Announcement • May 24
Guangzhou Devotion Thermal Technology Co., Ltd. Approves Cash Dividend for the 2022 Guangzhou Devotion Thermal Technology Co., Ltd. at the Annual General Meeting of 2022 on 19 May 2023, approved Cash dividend per 10 shares (tax included) of CNY 1.20000000. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.03 (vs CN¥0.01 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.03 (up from CN¥0.01 in 1Q 2022). Revenue: CN¥239.0m (up 14% from 1Q 2022). Net income: CN¥13.0m (up 401% from 1Q 2022). Profit margin: 5.5% (up from 1.2% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Yanbin Qian 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¥0.069 (vs CN¥0.019 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.069 (up from CN¥0.019 in 3Q 2021). Revenue: CN¥336.1m (down 7.0% from 3Q 2021). Net income: CN¥5.53m (up 7.4% from 3Q 2021). Profit margin: 1.6% (up from 1.4% in 3Q 2021). Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Announcement • Oct 27
Wuxue City Investment Development Group Co., Ltd. completed the acquisition of Wuxue Ruihua Disen New Energy Technology Co., Ltd. from Guangzhou Devotion Thermal Technology Co., Ltd. (SZSE:300335) for approximately CNY 210 million. Wuxue City Investment Development Group Co., Ltd will acquire Wuxue Ruihua Disen New Energy Technology from Guangzhou Devotion Thermal Technology Co., Ltd. (SZSE:300335) for approximately CNY 210 million on July 29, 2022. The equity transfer payment to be paid by Wuxue City Investment Development Group Co., Ltd to Guangzhou Devotion Thermal Technology Co., Ltd. (SZSE:300335) for 100% equity of the target company is CNY 90 million and Wuxue City Investment Development Group Co., Ltd directly repays Guangzhou Devotion Thermal Technology Co., Ltd. the amount that Wuxue Ruihua Disen New Energy Technology owes to Guangzhou Devotion Thermal Technology Co., Ltd, amounting to CNY 118 million. As of December 31, 2021 Wuxue Ruihua Disen New Energy Technology reported a Turnover of CNY 57.705545 million and Total assets of CNY 143.380944 million, Total Common equity of CNY 5.730978 million and EBIT of CNY -0.027309 million and Net income of CNY -0.020125 million. The transaction has already received approval of Guangzhou Devotion Thermal Technology Co., Ltd. Board of directors but the transaction needs to be approved by the company’s shareholders meeting.
Ruihua Disen New Energy Technology Co., Ltd. from Guangzhou Devotion Thermal Technology Co., Ltd. (SZSE:300335) for approximately CNY 210 million on October 25, 2022. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.003 (vs CN¥0.028 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.003 (down from CN¥0.028 in 2Q 2021). Revenue: CN¥257.9m (down 12% from 2Q 2021). Net income: CN¥2.12m (down 84% from 2Q 2021). Profit margin: 0.8% (down from 4.4% in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Board Change • May 02
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. 10 experienced directors. 2 highly experienced directors. Non-Independent Director Jingbin Li was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • May 02
Guangzhou Devotion Thermal Technology Co., Ltd. Announces Management Changes Guangzhou Devotion Thermal Technology Co., Ltd. at its EGM held on 28 April 2022, appointed Qian Yanbin as non-independent director; Kong Xiaowen, Liu Shanshi, and Huang Hao as independent directors; and Han Yaohua as non-employee supervisors. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: CN¥0.01 (vs CN¥0.02 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.01 (down from CN¥0.02 in 1Q 2021). Revenue: CN¥209.1m (down 33% from 1Q 2021). Net income: CN¥2.60m (down 59% from 1Q 2021). Profit margin: 1.2% (down from 2.1% in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.019 (vs CN¥0.10 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥361.5m (down 21% from 3Q 2020). Net income: CN¥5.15m (down 86% from 3Q 2020). Profit margin: 1.4% (down from 8.1% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥6.21, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 17x in the Renewable Energy industry in China. Total returns to shareholders of 13% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥7.34, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 19x in the Renewable Energy industry in China. Total returns to shareholders of 4.2% over the past three years. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.028 (vs CN¥0.062 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥294.4m (down 3.2% from 2Q 2020). Net income: CN¥13.1m (down 37% from 2Q 2020). Profit margin: 4.4% (down from 6.8% in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Announcement • May 21
Guangzhou Devotion Thermal Technology Co., Ltd. Approves Cash Dividend for the Year 2020 Guangzhou Devotion Thermal Technology Co., Ltd. at its annual general meeting held on May 18, 2021, approved cash dividend per ten shares (tax included) of CNY 1.50000000 for the year 2020. Announcement • Apr 29
Guangzhou Devotion Thermal Technology Co., Ltd. Announces Cash Dividend Guangzhou Devotion Thermal Technology Co., Ltd. announced Cash dividend/10 shares CNY 1.50000000 (tax included). Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.02 (vs CN¥0.047 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥310.4m (up 94% from 1Q 2020). Net income: CN¥6.38m (up CN¥23.6m from 1Q 2020). Profit margin: 2.1% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 36 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 29
New 90-day low: CN¥4.52 The company is down 33% from its price of CN¥6.70 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 4.0% over the same period. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥4.64, the stock is trading at a trailing P/E ratio of 53.2x, down from the previous P/E ratio of 65x. This compares to an average P/E of 17x in the Renewable Energy industry in China. Total return to shareholders over the past three years is a loss of 69%. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥4.85, the stock is trading at a trailing P/E ratio of 55.6x, down from the previous P/E ratio of 66.6x. This compares to an average P/E of 17x in the Renewable Energy industry in China. Total return to shareholders over the past three years is a loss of 68%. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥5.13 The company is down 13% from its price of CN¥5.92 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 5.0% over the same period. Valuation Update With 7 Day Price Move • Nov 26
Market pulls back on stock over the past week After last week's 16% share price decline to CN¥6.23, the stock is trading at a trailing P/E ratio of 71.4x, down from the previous P/E ratio of 85.4x. This compares to an average P/E of 17x in the Renewable Energy industry in China. Total return to shareholders over the past three years is a loss of 66%. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥31.2m, down 70% from the prior year. Total revenue was CN¥1.40b over the last 12 months, down 3.6% from the prior year. Is New 90 Day High Low • Oct 15
New 90-day high: CN¥7.47 The company is up 54% from its price of CN¥4.84 on 17 July 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 2.0% over the same period. Valuation Update With 7 Day Price Move • Oct 14
Market bids up stock over the past week After last week's 18% share price gain to CN¥6.68, the stock is trading at a trailing P/E ratio of 76.3x, up from the previous P/E ratio of 64.7x. This compares to an average P/E of 18x in the Renewable Energy industry in China. Total return to shareholders over the past three years is a loss of 66%. Announcement • Aug 13
Guangzhou Devotion Thermal Technology Co., Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Guangzhou Devotion Thermal Technology Co., Ltd. announced that they will report first half, 2020 results on Aug 28, 2020 
