Board Change • May 20
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Changjia Li is the most experienced director on the board, commencing their role in 2020. Independent Director Shao Jian Song was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Mar 30
Guangxi Energy Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Guangxi Energy Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Announcement • Mar 26
Guangxi Energy Co., Ltd., Annual General Meeting, Apr 24, 2026 Guangxi Energy Co., Ltd., Annual General Meeting, Apr 24, 2026, at 09:30 China Standard Time. Location: No. 6, Feiyun Road, Liangqing District, Nanning, Guangxi China Announcement • Dec 26
Guangxi Energy Co., Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026 Guangxi Energy Co., Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026 Announcement • Sep 30
Guangxi Energy Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025 Guangxi Energy Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025 Announcement • Jun 30
Guangxi Energy Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Guangxi Energy Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • Dec 27
Guangxi Energy Co., Ltd. to Report Fiscal Year 2024 Results on Mar 28, 2025 Guangxi Energy Co., Ltd. announced that they will report fiscal year 2024 results on Mar 28, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.30 (vs CN¥0.012 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.30 (up from CN¥0.012 in 3Q 2023). Revenue: CN¥997.9m (down 77% from 3Q 2023). Net income: CN¥438.2m (up CN¥420.3m from 3Q 2023). Profit margin: 44% (up from 0.4% in 3Q 2023). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electric Utilities industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Sep 30
Guangxi Energy Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Guangxi Energy Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.047 (vs CN¥0.021 loss in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.047 (up from CN¥0.021 loss in 2Q 2023). Revenue: CN¥949.9m (down 79% from 2Q 2023). Net income: CN¥68.7m (up CN¥98.5m from 2Q 2023). Profit margin: 7.2% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Announcement • Jun 29
Guangxi Energy Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Guangxi Energy Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 New Risk • Jun 06
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 Interest payments are not well covered by earnings (0.9x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). Announcement • Mar 29
Guangxi Energy Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Guangxi Energy Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Announcement • Mar 28
Guangxi Energy Co., Ltd., Annual General Meeting, Apr 19, 2024 Guangxi Energy Co., Ltd., Annual General Meeting, Apr 19, 2024, at 14:30 China Standard Time. Location: 18F, No. 6, Feiyun Road, Liangqing District, Nanning, Guangxi China Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: CN¥0.001 (vs CN¥0.15 loss in FY 2022) Full year 2023 results: EPS: CN¥0.001 (up from CN¥0.15 loss in FY 2022). Revenue: CN¥16.7b (down 4.1% from FY 2022). Net income: CN¥1.66m (up CN¥224.7m from FY 2022). Profit margin: 0% (up from net loss in FY 2022). Revenue is expected to decline by 59% p.a. on average during the next 2 years, while revenues in the Electric Utilities industry in Asia are expected to grow by 3.7%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Announcement • Dec 29
Guangxi Energy Co., Ltd. to Report Fiscal Year 2023 Results on Mar 28, 2024 Guangxi Energy Co., Ltd. announced that they will report fiscal year 2023 results on Mar 28, 2024 Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.012 (vs CN¥0.068 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.012 (up from CN¥0.068 loss in 3Q 2022). Revenue: CN¥4.26b (down 36% from 3Q 2022). Net income: CN¥17.9m (up CN¥117.1m from 3Q 2022). Profit margin: 0.4% (up from net loss in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Guangxi Energy Co., Ltd. to Report Q3, 2023 Results on Oct 25, 2023 Guangxi Energy Co., Ltd. announced that they will report Q3, 2023 results on Oct 25, 2023 Announcement • Sep 06
Guangxi Energy Plans to Sell 2% Stake in Petrochemical Firm Guangxi Energy Co., Ltd. (SHSE:600310) said it plans to sell 2% stake in Petrochemical firm for CNY 11.1 million ($1.53 million). Reported Earnings • Aug 26
Second quarter 2023 earnings released: CN¥0.032 loss per share (vs CN¥0.036 profit in 2Q 2022) Second quarter 2023 results: CN¥0.032 loss per share (down from CN¥0.036 profit in 2Q 2022). Revenue: CN¥4.56b (up 6.3% from 2Q 2022). Net loss: CN¥29.8m (down 157% from profit in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 24
Full year 2022 earnings released: CN¥0.15 loss per share (vs CN¥0.061 profit in FY 2021) Full year 2022 results: CN¥0.15 loss per share (down from CN¥0.061 profit in FY 2021). Revenue: CN¥17.4b (up 2.1% from FY 2021). Net loss: CN¥223.0m (down 383% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 27
Third quarter 2022 earnings released: CN¥0.068 loss per share (vs CN¥0.15 profit in 3Q 2021) Third quarter 2022 results: CN¥0.068 loss per share (down from CN¥0.15 profit in 3Q 2021). Revenue: CN¥6.63b (up 38% from 3Q 2021). Net loss: CN¥99.2m (down 154% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 3% per year. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.036 (vs CN¥0.098 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.036 (down from CN¥0.098 in 2Q 2021). Revenue: CN¥4.29b (down 40% from 2Q 2021). Net income: CN¥52.4m (down 57% from 2Q 2021). Profit margin: 1.2% (down from 1.7% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥4.15, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 34x in the Electric Utilities industry in China. Total returns to shareholders of 5.3% over the past three years. Reported Earnings • Apr 29
First quarter 2022 earnings released: CN¥0.075 loss per share (vs CN¥0.24 loss in 1Q 2021) First quarter 2022 results: CN¥0.075 loss per share (up from CN¥0.24 loss in 1Q 2021). Revenue: CN¥3.38b (down 30% from 1Q 2021). Net loss: CN¥92.1m (loss narrowed 63% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 03
Full year 2021 earnings released Full year 2021 results: Revenue: CN¥17.1b (down 8.9% from FY 2020). Net income: CN¥78.7m (down 69% from FY 2020). Profit margin: 0.5% (down from 1.4% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥6.30, the stock trades at a trailing P/E ratio of 66.9x. Average trailing P/E is 14x in the Electric Utilities industry in Asia. Total returns to shareholders of 81% over the past three years. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS CN¥0.18 (vs CN¥0.20 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: CN¥4.82b (down 59% from 3Q 2020). Net income: CN¥182.6m (up 11% from 3Q 2020). Profit margin: 3.8% (up from 1.4% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥5.07, the stock trades at a trailing P/E ratio of 44.7x. Average trailing P/E is 42x in the Electric Utilities industry in China. Total returns to shareholders of 64% over the past three years. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥4.92, the stock trades at a trailing P/E ratio of 28.1x. Average trailing P/E is 33x in the Electric Utilities industry in China. Total returns to shareholders of 35% over the past three years. Reported Earnings • Aug 20
Second quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.095 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CN¥7.19b (down 3.1% from 2Q 2020). Net income: CN¥121.5m (up 54% from 2Q 2020). Profit margin: 1.7% (up from 1.1% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year. Reported Earnings • Apr 29
First quarter 2021 earnings released: CN¥0.24 loss per share (vs CN¥0.16 loss in 1Q 2020) The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: CN¥4.84b (up 23% from 1Q 2020). Net loss: CN¥246.8m (loss widened 85% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 8% per year. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS CN¥0.31 (vs CN¥0.18 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥18.8b (down 29% from FY 2019). Net income: CN¥256.4m (up 69% from FY 2019). Profit margin: 1.4% (up from 0.6% in FY 2019). The increase in margin was driven by lower expenses. 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 12% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Jan 26
New 90-day low: CN¥3.71 The company is down 5.0% from its price of CN¥3.91 on 29 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 2.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day high: CN¥4.30 The company is up 11% from its price of CN¥3.88 on 30 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electric Utilities industry, which is up 12% over the same period. Is New 90 Day High Low • Nov 27
New 90-day high: CN¥4.28 The company is up 3.0% from its price of CN¥4.14 on 28 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is down 7.0% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥3.79 The company is down 7.0% from its price of CN¥4.08 on 31 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electric Utilities industry, which is down 8.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥89.6m, down 61% from the prior year. Total revenue was CN¥30.0b over the last 12 months, up 36% from the prior year. Is New 90 Day High Low • Sep 30
New 90-day low: CN¥3.88 The company is down 4.0% from its price of CN¥4.06 on 02 July 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 7.0% over the same period. 
