New Risk • Jul 20
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 German stocks, typically moving 7.9% 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 Risk Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (174% cash payout ratio). Share price has been volatile over the past 3 months (7.9% average weekly change). Announcement • Jul 15
Yankuang Energy Group Company Limited Provides Earnings Guidance for the First Half Ended 30 June 2026 Yankuang Energy Group Company Limited provided earnings guidance for the first half ended 30 June 2026. Based on preliminary estimates by the finance department of the Company, net profit attributable to shareholders of the listed company is expected to be approximately RMB 7.2 billion in the first half of 2026, representing an increase of around RMB 2.5 billion or around 53% year-on-year as compared with the corresponding period of the previous year (statutorily disclosed data); representing an increase of around RMB 2.4 billion or around 49% year-on-year as compared with the corresponding period of the previous year (retrospectively adjusted data). Main Reasons for the Estimated Profit Growth for the Period: The Company's results for the first half of 2026 improved as compared with the corresponding period of the previous year, which was primarily due to: rising prices for the Company's coal and coal chemical products during the reporting period, and an improvement in operating performance; higher investment income generated from the public listing and transfer of 100% equity interests in Inner Mongolia Xintai Coal Co. Ltd.; and the recognition of foreign exchange hedging losses, asset impairments, as well as provisions for losses arising from tax-related litigation and the payment of consumption tax, all of which reduced the net profit attributable to shareholders of the listed company. Announcement • Jun 30
Yankuang Energy Group Company Limited to Report First Half, 2026 Results on Aug 29, 2026 Yankuang Energy Group Company Limited announced that they will report first half, 2026 results on Aug 29, 2026 Announcement • Jun 28
Yankuang Energy Group Company Limited Approves Final Ordinary Dividend for the Year Ended 31 December 2025, Payable on 28 July 2026 Yankuang Energy Group Company Limited Board approved a final cash dividend of RMB 0.32 per share (tax inclusive) for the year ended December 31, 2025 (2024: Record date: 09 July 2026. Payment date: 28 July 2026.
Holders of the Company's A Shares; and holders of the Company's overseas-listed foreign invested Shares (in the form of H Shares) whose names appear on the H Share register of members of the Company at the close of business on 9 July 2026. To determine the identity of the Shareholders entitled to receive the final dividend, the Company's register of members of H Shares will be closed from 3 July 2026 to 9 July 2026 (both days inclusive) (Record Date is 9 July 2026). Announcement • Jun 27
Yankuang Energy Group Company Limited Approves Committee and Board Changes On 26 June 2026, Yankuang Energy Group Company Limited considered and approved the resolution in relation to the establishment of special committees under the tenth session of the Board of the Company. The composition of the audit committee under the Board, the remuneration committee under the Board, the nomination committee under the Board, the strategy and development committee under the Board and the sustainable development committee under the Board is as follows: Audit committee under the Board: Mr. Woo Kar Tung, Raymond (Chairman), Mr. Li Weian, Ms. Zhu Rui. Remuneration committee under the Board: Mr. Li Weian (Chairman), Mr. Gao Jingxiang, Mr. Woo Kar Tung, Raymond. Nomination committee under the Board: Mr. Gao Jingxiang (Chairman), Mr. Li Wei, Ms. Zhu Rui. Strategy and development committee under the Board: Mr. Li Wei (Chairman), Mr. Wang Jiuhong, Mr. Gao Jingxiang. Sustainable development committee under the Board: Mr. Li Wei (Chairman), Mr. Li Weian, Ms. Zhu Rui. Yankuang Energy Group Company Limited at its AGM held on June 26, 2026, approved the appointment of Mr. Yue Guangsheng as an non-independent Director, Li Shipeng as a non-independent Director, Li Weian as an independent Director. Upcoming Dividend • Jun 23
Upcoming dividend of CN¥0.32 per share Eligible shareholders must have bought the stock before 30 June 2026. Payment date: 28 July 2026. Payout ratio is a comfortable 52% but the company is paying out more than the cash it is generating. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (4.9%). Announcement • Jun 03
Yankuang Energy Group Company Limited, Annual General Meeting, Jun 26, 2026 Yankuang Energy Group Company Limited, Annual General Meeting, Jun 26, 2026, at 09:00 China Standard Time. Location: 949 south fushan road, shandong province 273500, zoucheng, China Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1.69, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 7x in the Oil and Gas industry in Europe. Total returns to shareholders of 113% over the past three years. Board Change • May 20
High number of new directors There are 6 new directors who have joined the board in the last 3 years. GM & Representative Director Jiuhong Wang was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 30
Yankuang Energy Group Company Limited to Report Q1, 2026 Results on Apr 29, 2026 Yankuang Energy Group Company Limited announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Dec 26
Yankuang Energy Group Company Limited to Report Fiscal Year 2025 Results on Mar 28, 2026 Yankuang Energy Group Company Limited announced that they will report fiscal year 2025 results on Mar 28, 2026 Announcement • Sep 30
Yankuang Energy Group Company Limited to Report Q3, 2025 Results on Oct 31, 2025 Yankuang Energy Group Company Limited announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Aug 29
Yankuang Energy Group Company Limited Announces Interim Dividend for the Six Months Ended 30 June 2025, Payable on 22 October 2025 Yankuang Energy Group Company Limited announced Interim dividend of RMB 0.18 per share for the six months ended 30 June 2025. Ex-dividend date: 11 September 2025. Record date: 22 September 2025. Payment date: 22 October 2025. Announcement • Jun 30
Yankuang Energy Group Company Limited to Report First Half, 2025 Results on Aug 30, 2025 Yankuang Energy Group Company Limited announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • Apr 28
Yankuang Energy Group Company Limited, Annual General Meeting, May 30, 2025 Yankuang Energy Group Company Limited, Annual General Meeting, May 30, 2025, at 09:00 China Standard Time. Location: headquarters of the company, 949 south fushan road, zoucheng, shandong province 273500, China Announcement • Mar 29
Yankuang Energy Group Company Limited to Report Q1, 2025 Results on Apr 26, 2025 Yankuang Energy Group Company Limited announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Dec 27
Yankuang Energy Group Company Limited to Report Fiscal Year 2024 Results on Mar 29, 2025 Yankuang Energy Group Company Limited announced that they will report fiscal year 2024 results on Mar 29, 2025 Announcement • Nov 14
Yankuang Energy Group Company Limited Announces Appointment of Wang Jiuhong as General Manager The board of directors of the Yankuang Energy Group Company Limited convened the twelfth meeting of the ninth session of the Board on 13 November 2024 and resolved to appoint Mr. Wang Jiuhong as the general manager of the Company, effective from the date of this announcement. His term of office is in line with that of the senior management of the ninth session of the Board of the Company. The biographical details of Mr. Wang are as follows: Wang Jiuhong, born in June 1976, a professorate senior engineer with a bachelor's degree in engineering, is the Party secretary of the CPC Committee and the vice general manager of the Company. Mr. Wang was appointed as chief engineer of Nantun Coal Mine of the Company in September 2014, secretary to the Party Branch and the general manager of Anyuan Coal Mine of Yanzhou Coal Ordos Neng Hua Co. Ltd. in December 2016, and the deputy director of the production technology department and the deputy director of ventilation and disasters prevention department of the Company in October 2017. He was appointed as secretary to the Party Branch, the executive director and the general manager of Ordos Zhuanlongwan Coal Co. Ltd. in September 2018, the vice general manager of Yanzhou Coal Ordos Neng Hua Co. Ltd. and the secretary to the Party Branch, director and the general manager of Inner Mongolia Haosheng Coal Mining Company Limited in December 2020. In November 2021, Mr. Wang took positions as the Party secretary and the general manager of Yanzhou Coal Ordos Neng Hua Co. Ltd., and the chairman of the board of directors of Inner Mongolia Haosheng Coal Mining Company Limited. In June 2022, he became the director of Inner Mongolia Haosheng Coal Mining Company Limited. In October 2022, he became the vice general manager of the Company and took positions as the Party secretary, the chairman of the board of director and the general manager of Yankuang Energy (Ordos) Company Limited and served as the Party secretary and the chairman of the board of director of Inner Mongolia Mining (Group) Co. Ltd. In December 2022, he was appointed as a member of the CPC Committee of the Company. In May 2023, he started to serve as the Party secretary and the chairman of the board of director of Yankuang Energy (Ordos) Company Limited. In November 2024, he was appointed as the Party secretary of the CPC Committee of the Company. Mr. Wang graduated from Hebei University of Engineering . Reported Earnings • Oct 27
Third quarter 2024 earnings released: EPS: CN¥0.65 (vs CN¥0.53 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.65. Revenue: CN¥34.3b (down 32% from 3Q 2023). Net income: CN¥3.84b (down 28% from 3Q 2023). Profit margin: 11% (in line with 3Q 2023). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 1.5% decline forecast for the Oil and Gas industry in Europe. Announcement • Sep 30
Yankuang Energy Group Company Limited to Report Q3, 2024 Results on Oct 26, 2024 Yankuang Energy Group Company Limited announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €1.15, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 123% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.86 per share. Announcement • Sep 20
Yankuang Energy Group Company Limited (SEHK:1171) completed the acquisition of 51% stake in SMT Scharf AG (XTRA:S4AA) from a group of shareholders. Yankuang Energy Group Company Limited (SEHK:1171) agreed to acquire 51% stake in SMT Scharf AG (XTRA:S4AA) from a group of shareholders for €31.2 million on March 1, 2024. As per the transaction, Yankuang Energy Group Company Limited will acquire 2.8 million shares at €11.1 per share. The shareholders, including Shareholder Value Beteiligungen AG, will transfer their stake in the amount of approximately 52.66% of the share capital of SMT Scharf AG to Yankuang Energy Group Company Limited, at a price of €11.10 per share. The price per share is still subject to a fixed adjustment mechanism depending on certain variables until the closing of the transaction, which may lead to a deduction of the price per share. The closing of the agreement is still subject to the occurrence of customary closing conditions, in particular the conclusion of investment control proceedings in Germany and government regulatory approvals in other jurisdictions of subsidiaries of SMT Scharf AG as well as the approval of the competent Chinese authorities. The funds for the transaction are entirely borne by Yankuang Energy.
Yankuang Energy Group Company Limited (SEHK:1171) completed the acquisition of 51% stake in SMT Scharf AG (XTRA:S4AA) from a group of shareholders on September 19, 2024. Announcement • Aug 30
Yankuang Energy Group Company Limited Announces Ordinary Interim (Semi-Annual) Dividend for the Six Months Ended 30 June 2024 Yankuang Energy Group Company Limited announced ordinary interim (semi-annual) dividend of RMB 2.3 per 10 share for the six months ended 30 June 2024. Reported Earnings • Aug 21
Second quarter 2024 earnings released: EPS: CN¥0.72 (vs CN¥0.48 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.72. Revenue: CN¥32.7b (down 18% from 2Q 2023). Net income: CN¥3.81b (down 16% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Oil and Gas industry in Europe. Announcement • Jul 20
Highfield Resources Limited (ASX:HFR) signed a letter of intent to acquire Yancoal Canada Resources Co. Ltd. from Yankuang Energy Group Company Limited (SEHK:1171). Highfield Resources Limited (ASX:HFR) signed a letter of intent to acquire Yancoal Canada Resources Co. Ltd. from Yankuang Energy Group Company Limited (SEHK:1171) on July 19, 2024. Highfield will issue of new ordinary shares of Highfield as consideration. The Proposed Cooperation would entail the raising of US$220 million of equity capital by Highfield from strategic investors (Cornerstone Placement) and the inter-conditional acquisition from Yankuang Energy of the Southey potash project in Saskatchewan, Canada (Southey Vend-in) by way of a direct or indirect acquisition of 100% of the shares in Yancoal Canada .The transaction and the Cornerstone Placement are inter-conditional. The transaction is subject to approval of offer by acquirer board, consummation of due diligence investigation and definitive agreement. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €1.16, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 170% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.69 per share. New Risk • Jul 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.8% 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 Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Earnings are forecast to decline by an average of 2.8% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.4% average weekly change). Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Announcement • Jun 28
Yankuang Energy Group Company Limited to Report First Half, 2024 Results on Aug 31, 2024 Yankuang Energy Group Company Limited announced that they will report first half, 2024 results on Aug 31, 2024 Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €1.27, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 247% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.06 per share. Announcement • Jun 23
Yankuang Energy Group Company Limited Approves Final Special Dividend for the Financial Year End 31 December 2023, Payable on July 30, 2024 Yankuang Energy Group Company Limited approved final special dividend of RMB 0.19 per share for the financial year end 31 December 2023. Ex-dividend date 26 June 2024, Record date 05 July 2024 and Payment date 30 July 2024. Date of shareholders' approval of 21 June 2024. Announcement • Jun 22
Yankuang Energy Group Company Limited Approves Final Ordinary Dividend for Financial Year End 31 December 2023, Payable on July 30, 2024 Yankuang Energy Group Company Limited approved final ordinary dividend of RMB 1.3 per share for the financial year end 31 December 2023. Ex-dividend date 26 June 2024, Record date 05 July 2024 and Payment date 30 July 2024. Date of shareholders' approval on 21 June 2024. Upcoming Dividend • Jun 19
Upcoming dividend of CN¥1.49 per share Eligible shareholders must have bought the stock before 26 June 2024. Payment date: 30 July 2024. Payout ratio is a comfortable 62% but the company is not cash flow positive. Trailing yield: 9.3%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.5%). New Risk • Jun 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.8% 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 Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Earnings are forecast to decline by an average of 3.0% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Announcement • May 28
Yankuang Energy Group Company Limited Proposes Special Cash Dividend for the Year Ended 31 December 2023, Payable on 30 July 2024 Yankuang Energy Group Company Limited at its AGM to be held on 21 June 2024, proposed profit distribution plan of the Company for the year ended 31 December 2023 and to authorize the Board to distribute: a special cash dividend of RMB 0.19 (tax inclusive) per share. Ex-dividend date is 26 June 2024 and Record date is 05 July 2024. Payment date is 30 July 2024. Announcement • May 25
Yankuang Energy Group Company Limited, Annual General Meeting, Jun 21, 2024 Yankuang Energy Group Company Limited, Annual General Meeting, Jun 21, 2024, at 09:00 China Standard Time. Location: headquarters of the company, 949 south fushan road, zoucheng, shandong province 273500, China Declared Dividend • May 24
Dividend of CN¥1.49 announced Shareholders will receive a dividend of CN¥1.49. Ex-date: 26th June 2024 Payment date: 30th July 2024 Dividend yield will be 67%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 60% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 1.6% over the next 3 years. However, it would need to fall by 31% to increase the payout ratio to a potentially unsustainable range. New Risk • Apr 28
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.51 (vs CN¥0.77 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.51 (down from CN¥0.77 in 1Q 2023). Revenue: CN¥39.6b (down 11% from 1Q 2023). Net income: CN¥3.76b (down 34% from 1Q 2023). Profit margin: 9.5% (down from 13% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.16, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 348% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.15 per share. New Risk • Apr 05
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Dividend per share is over 5x earnings per share. The company is paying a dividend despite having no free cash flows. Dividend yield: 100% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Dividend per share is over 5x earnings per share. Paying a dividend despite having no free cash flows. Earnings are forecast to decline by an average of 4.4% per year for the foreseeable future. New Risk • Apr 05
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Earnings are forecast to decline by an average of 4.4% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Mar 31
Full year 2023 earnings released Full year 2023 results: Revenue: CN¥118.4b (down 41% from FY 2022). Net income: CN¥17.8b (down 42% from FY 2022). Profit margin: 15% (in line with FY 2022). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 40% per year whereas the company’s share price has increased by 41% per year. Announcement • Mar 30
Yankuang Energy Group Company Limited Proposes Final Ordinary Dividend for the Year Ended 31 December 2023 Yankuang Energy Group Company Limited proposed a final ordinary dividend of RMB 13 per ten shares for the year ended 31 December 2023. Announcement • Mar 29
Yankuang Energy Group Company Limited to Report Q1, 2024 Results on Apr 27, 2024 Yankuang Energy Group Company Limited announced that they will report Q1, 2024 results on Apr 27, 2024 Announcement • Mar 28
Yankuang Energy Group Company Limited Announces Special Dividend for the Year Ended 31 December 2023 Yankuang Energy Group Company Limited announced special dividend for the year ended 31 December 2023 of RMB 1.9 per 10 share. Announcement • Mar 04
Yankuang Energy Group Company Limited (SEHK:1171) agreed to acquire 51% stake in SMT Scharf AG (XTRA:S4AA) from a group of shareholders for €31.2 million. Yankuang Energy Group Company Limited (SEHK:1171) agreed to acquire 51% stake in SMT Scharf AG (XTRA:S4AA) from a group of shareholders for €31.2 million on March 1, 2024. As per the transaction, Yankuang Energy Group Company Limited will acquire 2.8 million shares at €11.1 per share. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €1.98, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 640% over the past three years. Announcement • Dec 30
Yankuang Energy Group Company Limited to Report Fiscal Year 2023 Results on Mar 29, 2024 Yankuang Energy Group Company Limited announced that they will report fiscal year 2023 results on Mar 29, 2024 Announcement • Nov 30
Controlling Shareholder to Raise Holdings in Yankuang Energy Yankuang Energy Group Company Limited (SEHK:1171) said controlling shareholder plans to buy CNY 300 million - CNY 600 million ($42.10 million-84.21 million) worth of company shares within 12 months. Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: CN¥0.69 (vs CN¥1.24 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.69 (down from CN¥1.24 in 3Q 2022). Revenue: CN¥50.6b (flat on 3Q 2022). Net income: CN¥5.32b (down 42% from 3Q 2022). Profit margin: 11% (down from 18% in 3Q 2022). Revenue is expected to decline by 15% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 2.7%. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 29
Yankuang Energy Group Company Limited (SEHK:1171) entered into the equity transfer agreement to acquire Yankuang Coal Chemical Engineering Company Limited from Shandong Energy Group Co.,Ltd. for CNY 20.9 million. Yankuang Energy Group Company Limited (SEHK:1171) agreed to acquire Yankuang Coal Chemical Engineering Company Limited from Shandong Energy Group Co.,Ltd. for CNY 20.9 million on July 10, 2023. Yankuang Energy Group Company Limited (SEHK:1171) entered into the equity transfer agreement to acquire Yankuang Coal Chemical Engineering Company Limited from Shandong Energy Group Co.,Ltd. on October 27, 2023. Yankuang Coal Chemical Engineering Company Limited reported net profit of CNY 8,287,364.85 and total assets of CNY 444,852,800 as at December 31, 2022. The transaction was approved from board of Yankuang Energy Group Company Limited on July 10, 2023. Announcement • Sep 30
Yankuang Energy Group Company Limited to Report Q3, 2023 Results on Oct 28, 2023 Yankuang Energy Group Company Limited announced that they will report Q3, 2023 results at 4:00 PM, China Standard Time on Oct 28, 2023 Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €1.69, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total returns to shareholders of 546% over the past three years. New Risk • Sep 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 25% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.7% per year for the foreseeable future. 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 (6.9% average weekly change). Large one-off items impacting financial results. Reported Earnings • Aug 27
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: CN¥21.0b (down 65% from 2Q 2022). Net income: CN¥4.67b (down 59% from 2Q 2022). Profit margin: 22% (up from 19% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to decline by 9.1% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €1.40, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 349% over the past three years. Announcement • Jun 28
Yankuang Energy Group Company Limited to Report First Half, 2023 Results on Aug 26, 2023 Yankuang Energy Group Company Limited announced that they will report first half, 2023 results on Aug 26, 2023 Upcoming Dividend • Jun 28
Upcoming dividend of CN¥4.30 per share at 22% yield Eligible shareholders must have bought the stock before 05 July 2023. Payment date: 04 August 2023. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 22%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.4%). Valuation Update With 7 Day Price Move • May 31
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €2.35, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 363% over the past three years. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €2.95, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 498% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.06 per share. Reported Earnings • Mar 08
Full year 2022 earnings released: EPS: CN¥6.30 (vs CN¥3.34 in FY 2021) Full year 2022 results: EPS: CN¥6.30 (up from CN¥3.34 in FY 2021). Revenue: CN¥203.2b (up 34% from FY 2021). Net income: CN¥30.8b (up 89% from FY 2021). Profit margin: 15% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 21% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 7.6%. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 21
Yankuang Energy Group Company Limited Provides Earnings Guidance for the Year Ended December 31, 2022 Yankuang Energy Group Company Limited provided earnings guidance for the year ended December 31, 2022. The board of directors of the Company informed the shareholders and potential investors of the Company that, according to the preliminary calculation by the Company's financial department, the Company expects to realize the net profit that attributable to the shareholders of the listed company to about RMB 30,800 million in the year of 2022, which will increase by about RMB 14,500 million or with an increase of approximately 89% compared with the data of the same period of the previous year. According to the preliminary calculation by the Company's financial department, the Company expects that the net profit attributable to the shareholders of the listed company after deducting non-recurring gains and losses is about RMB 30,600 million in the year of 2022, which will increase by about RMB 14,400 million or with an increase of approximately 89% compared with the data of the same period of the previous year. Buying Opportunity • Dec 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be €3.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.4% over the last 3 years. Earnings per share has grown by 47%. Revenue is forecast to decline by 30% in 2 years. Earnings is forecast to decline by 8.6% in the next 2 years. Buying Opportunity • Dec 03
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 27%. The fair value is estimated to be €3.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.4% over the last 3 years. Earnings per share has grown by 47%. Revenue is forecast to decline by 30% in 2 years. Earnings is forecast to decline by 8.3% in the next 2 years. Board Change • Nov 16
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. CFO & Director Qingchun Zhao is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Buying Opportunity • Nov 01
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 8.8%. The fair value is estimated to be €3.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.8% over the last 3 years. Earnings per share has grown by 37%. Revenue is forecast to decline by 26% in 2 years. Earnings is forecast to decline by 0.1% in the next 2 years. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥1.84 (vs CN¥1.13 in 3Q 2021) Third quarter 2022 results: EPS: CN¥1.84 (up from CN¥1.13 in 3Q 2021). Revenue: CN¥51.1b (up 29% from 3Q 2021). Net income: CN¥9.09b (up 66% from 3Q 2021). Profit margin: 18% (up from 14% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 5.3% p.a. on average during the next 3 years compared to a 4.7% decline forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has increased by 47% per year whereas the company’s share price has increased by 51% per year. Reported Earnings • Aug 30
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: CN¥59.1b (up 72% from 2Q 2021). Net income: CN¥11.4b (up 200% from 2Q 2021). Profit margin: 19% (up from 11% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 29% compared to a 53% growth forecast for the Oil and Gas industry in Germany. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €2.50, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 401% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.99 per share. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €2.81, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 5x in the Oil and Gas industry in Europe. Total returns to shareholders of 413% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.57 per share. 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. CFO & Director Qingchun Zhao is the most experienced director on the board, commencing their role in 2016. 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 01
Full year 2021 earnings released: EPS: CN¥3.48 (vs CN¥1.46 in FY 2020) Full year 2021 results: EPS: CN¥3.48 (up from CN¥1.46 in FY 2020). Revenue: CN¥108.6b (down 50% from FY 2020). Net income: CN¥16.9b (up 138% from FY 2020). Profit margin: 16% (up from 3.3% in FY 2020). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 14%, compared to a 44% growth forecast for the oil industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 26% share price gain to €2.36, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Oil and Gas industry in Europe. Total returns to shareholders of 354% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.18 per share. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improved over the past week After last week's 22% share price gain to €2.54, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Oil and Gas industry in Europe. Total returns to shareholders of 365% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.34 per share. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improved over the past week After last week's 17% share price gain to €2.14, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Oil and Gas industry in Europe. Total returns to shareholders of 317% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.00 per share. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improved over the past week After last week's 30% share price gain to €1.98, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Oil and Gas industry in Europe. Total returns to shareholders of 348% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.06 per share. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improved over the past week After last week's 19% share price gain to €1.61, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Oil and Gas industry in Europe. Total returns to shareholders of 234% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.96 per share. Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS CN¥1.12 (vs CN¥0.22 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¥39.7b (down 11% from 3Q 2020). Net income: CN¥5.60b (up 413% from 3Q 2020). Profit margin: 14% (up from 2.4% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €1.48, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Oil and Gas industry in Europe. Total returns to shareholders of 176% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.52 per share. Board Change • Sep 02
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Chairman of the Board & Deputy GM Wei Li was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.