Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥10.45, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 19x in the Renewable Energy industry in China. Total returns to shareholders of 118% over the past three years. Declared Dividend • May 20
Dividend increased to CN¥0.23 Dividend of CN¥0.23 is 28% higher than last year. Ex-date: 22nd May 2026 Payment date: 22nd May 2026 Dividend yield will be 2.6%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 32% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Non-Independent Director Tao Xiang 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 • Mar 31
GEPIC Energy Development Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 GEPIC Energy Development Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Mar 28
GEPIC Energy Development Co., Ltd., Annual General Meeting, Apr 21, 2026 GEPIC Energy Development Co., Ltd., Annual General Meeting, Apr 21, 2026, at 15:00 China Standard Time. Location: 24F, No. 69, Beibinhe East Road, Chengguan District, Lanzhou, Gansu China Announcement • Dec 31
GEPIC Energy Development Co., Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026 GEPIC Energy Development Co., Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026 Announcement • Sep 30
GEPIC Energy Development Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 GEPIC Energy Development Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jul 02
GEPIC Energy Development Co., Ltd. to Report First Half, 2025 Results on Aug 15, 2025 GEPIC Energy Development Co., Ltd. announced that they will report first half, 2025 results on Aug 15, 2025 Announcement • Apr 01
GEPIC Energy Development Co., Ltd. Proposes Final Cash Dividend for the Year 2024 GEPIC Energy Development Co., Ltd. proposed final cash dividend/10 shares (tax included) of CNY 1.80000000 for the year 2024. Announcement • Mar 31
GEPIC Energy Development Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 GEPIC Energy Development Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Mar 29
GEPIC Energy Development Co., Ltd., Annual General Meeting, Apr 22, 2025 GEPIC Energy Development Co., Ltd., Annual General Meeting, Apr 22, 2025, at 15:00 China Standard Time. Location: 24F, No. 69, Beibinhe East Road, Chengguan District, Lanzhou, Gansu China Announcement • Dec 31
GEPIC Energy Development Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 GEPIC Energy Development Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.21 (vs CN¥0.20 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.21 (up from CN¥0.20 in 3Q 2023). Revenue: CN¥857.4m (up 3.3% from 3Q 2023). Net income: CN¥332.0m (up 5.1% from 3Q 2023). Profit margin: 39% (in line with 3Q 2023). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Renewable Energy industry in China. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥6.60, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Renewable Energy industry in China. Total returns to shareholders of 21% over the past year. Announcement • Sep 30
GEPIC Energy Development Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 GEPIC Energy Development Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Announcement • Sep 26
GEPIC Energy Development Co., Ltd. (SZSE:000791) agreed to acquire 66% stake in Gansu Diantou Changle Power Generation Co., Ltd. from Gansu Province Electric Power Investment Group Co.,Ltd. for CNY 8.4 billion. GEPIC Energy Development Co., Ltd. (SZSE:000791) agreed to acquire 66% stake in Gansu Diantou Changle Power Generation Co., Ltd. from Gansu Province Electric Power Investment Group Co.,Ltd. for CNY 8.4 billion on September 23, 2024. As per the transaction, GEPIC Energy Development Co., Ltd. will pay CNY 1.1 billion in cash and will issue 1.3 billion shares. The cash part of the transaction will be funded through the raising of the package funds through this issuance will not exceed CNY 1.9 billion. The transaction is approved by board of directors of GEPIC Energy Development Co., Ltd. and is subject to approval by Shenzhen Stock Exchange. As of March 31, 2024, Gansu Diantou Changle Power Generation Co., Ltd. reported total assets of CNY 13.36 billion and total common equity of CNY 4.45 billion. CSC Financial Co., Ltd. and China Dragon Securities Co., Ltd. acted as financial advisors to GEPIC Energy Development Co., Ltd. Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.18 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.15 (down from CN¥0.18 in 2Q 2023). Revenue: CN¥730.2m (flat on 2Q 2023). Net income: CN¥235.3m (down 18% from 2Q 2023). Profit margin: 32% (down from 39% in 2Q 2023). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Renewable Energy industry in China. Announcement • Jun 29
GEPIC Energy Development Co., Ltd. to Report First Half, 2024 Results on Aug 10, 2024 GEPIC Energy Development Co., Ltd. announced that they will report first half, 2024 results on Aug 10, 2024 New Risk • May 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Earnings have declined by 3.1% per year over the past 5 years. 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 (8.3% average weekly change). Board Change • May 19
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Independent Director Dong Wang is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥7.36, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 19x in the Renewable Energy industry in China. Total returns to shareholders of 40% over the past year. Announcement • May 11
Gepic Energy Development Co., Ltd. Announces Dividend Implementation of 2023 Final Profit Distribution, Payable on 16 May 2024 GEPIC Energy Development Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 1.10000000. Record date: 15 May 2024; Ex-date: 16 May 2024; Payment date: 16 May 2024. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.032 (vs CN¥0.027 loss in 1Q 2023) First quarter 2024 results: EPS: CN¥0.032 (up from CN¥0.027 loss in 1Q 2023). Revenue: CN¥504.5m (up 42% from 1Q 2023). Net income: CN¥51.5m (up CN¥94.1m from 1Q 2023). Profit margin: 10% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Buy Or Sell Opportunity • Apr 23
Now 22% undervalued Over the last 90 days, the stock has risen 14% to CN¥5.82. The fair value is estimated to be CN¥7.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.8% over the last 3 years, while earnings per share has been flat. Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: CN¥0.33 (vs CN¥0.22 in FY 2022) Full year 2023 results: EPS: CN¥0.33 (up from CN¥0.22 in FY 2022). Revenue: CN¥2.64b (up 29% from FY 2022). Net income: CN¥521.1m (up 73% from FY 2022). Profit margin: 20% (up from 15% in FY 2022). The increase in margin was driven by higher revenue. Announcement • Mar 07
GEPIC Energy Development to Buy Stake in Power Generation Firm GEPIC Energy Development Co., Ltd. (SZSE:000791) said it plans to buy 66% stake in power generation firm via share issue, cash, transaction price to be determined. The company said trading in shares to halt from March 6. Announcement • Dec 29
GEPIC Energy Development Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 GEPIC Energy Development Co., Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.16 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.20 (up from CN¥0.16 in 3Q 2022). Revenue: CN¥829.8m (up 30% from 3Q 2022). Net income: CN¥315.9m (up 44% from 3Q 2022). Profit margin: 38% (up from 34% in 3Q 2022). The increase in margin was driven by higher revenue. Board Change • Oct 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Qing Biao Li 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 30
GEPIC Energy Development Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023 GEPIC Energy Development Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 Announcement • Jul 01
GEPIC Energy Development Co., Ltd. to Report First Half, 2023 Results on Aug 10, 2023 GEPIC Energy Development Co., Ltd. announced that they will report first half, 2023 results on Aug 10, 2023 Announcement • May 26
Gepic Energy Development Co., Ltd. Announces Cash Dividend, Payable on 1 June 2023 GEPIC Energy Development Co., Ltd. announced Cash dividend per 10 shares (tax included): CNY 0.60000000, Record date: 31 May 2023, Ex-date: 01 June 2023, Payment date is 01 June 2023. Reported Earnings • Apr 28
First quarter 2023 earnings released: CN¥0.027 loss per share (vs CN¥0.054 profit in 1Q 2022) First quarter 2023 results: CN¥0.027 loss per share (down from CN¥0.054 profit in 1Q 2022). Revenue: CN¥356.0m (down 23% from 1Q 2022). Net loss: CN¥42.6m (down 158% from profit in 1Q 2022). Buying Opportunity • Dec 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 1.2%. The fair value is estimated to be CN¥6.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last 3 years. Earnings per share has declined by 16%. Board Change • Oct 31
High number of new directors Non-Independent Director Qing Biao Li was the last director to join the board, commencing their role in 2022. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.12 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.16 (up from CN¥0.12 in 3Q 2021). Revenue: CN¥638.9m (up 9.1% from 3Q 2021). Net income: CN¥219.8m (up 36% from 3Q 2021). Profit margin: 34% (up from 28% in 3Q 2021). The increase in margin was primarily driven by higher revenue. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.12 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.13 (up from CN¥0.12 in 2Q 2021). Revenue: CN¥575.6m (up 2.0% from 2Q 2021). Net income: CN¥173.6m (up 7.2% from 2Q 2021). Profit margin: 30% (up from 29% in 2Q 2021). Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥6.15, the stock trades at a trailing P/E ratio of 33.8x. Average trailing P/E is 28x in the Renewable Energy industry in China. Board Change • Apr 27
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Independent Director Dong Wang is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 02
Full year 2021 earnings released: EPS: CN¥0.19 (vs CN¥0.33 in FY 2020) Full year 2021 results: EPS: CN¥0.19 (down from CN¥0.33 in FY 2020). Revenue: CN¥2.01b (down 11% from FY 2020). Net income: CN¥260.4m (down 41% from FY 2020). Profit margin: 13% (down from 20% in FY 2020). The decrease in margin was driven by lower revenue. Board Change • Dec 10
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Independent Director Dong Wang is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.