Announcement • Jun 02
Concord New Energy Group Limited, Annual General Meeting, Jun 25, 2026 Concord New Energy Group Limited, Annual General Meeting, Jun 25, 2026, at 10:00 China Standard Time. Location: room 4901, 49/f, sun hung kai centre, 30 harbour road, Hong Kong Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Non-Executive Director Pin Chua was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 03
Concord New Energy Group Limited to Report Fiscal Year 2025 Results on Mar 26, 2026 Concord New Energy Group Limited announced that they will report fiscal year 2025 results on Mar 26, 2026 Announcement • Feb 21
Concord New Energy Group Limited Provides Earnings Guidance for the Year Ended 31 December 2025 Concord New Energy Group Limited provided earnings guidance for the year ended 31 December 2025. For the period, the Group is expected to record a decrease of over 80% in unaudited profit attributable to equity holders compared with the same period last year (2024: approximately RMB 800 million). Announcement • Jul 14
Concord New Energy Group Limited to Report First Half, 2025 Results on Aug 01, 2025 Concord New Energy Group Limited announced that they will report first half, 2025 results on Aug 01, 2025 Announcement • May 23
Concord New Energy Group Limited Approves Final Dividend for the Year Ended 31 December 2024 Concord New Energy Group Limited at its AGM held on May 23, 2025, approved final dividend of HKD 0.035 per share of the Company for the year ended 31 December 2024. Announcement • May 01
Concord New Energy Group Limited, Annual General Meeting, May 23, 2025 Concord New Energy Group Limited, Annual General Meeting, May 23, 2025, at 10:00 China Standard Time. Location: room 4901, 49/f, sun hung kai centre, 30 harbour road, Hong Kong Announcement • Feb 17
Concord New Energy Group Limited to Report Fiscal Year 2024 Results on Feb 27, 2025 Concord New Energy Group Limited announced that they will report fiscal year 2024 results on Feb 27, 2025 Announcement • Dec 28
Concord New Energy Group Limited Announces Principal Place of Business Address Changes The board of directors of Concord New Energy Group Limited announced that with effect from 1 January 2025, the principal place of business of the Company in Hong Kong and the telephone and facsimile numbers of the Company has been changed to: Rooms Nos. 4901 and 4938-4940, 49/F, Sun Hung Kai Centre, 30 Harbour Road, Wan Chai, Hong Kong. Reported Earnings • Oct 01
First half 2024 earnings released: EPS: CN¥0.062 (vs CN¥0.057 in 1H 2023) First half 2024 results: EPS: CN¥0.062 (up from CN¥0.057 in 1H 2023). Revenue: CN¥1.75b (up 32% from 1H 2023). Net income: CN¥501.4m (up 3.4% from 1H 2023). Profit margin: 29% (down from 36% in 1H 2023). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 25
First half 2024 earnings released: EPS: CN¥0.062 (vs CN¥0.058 in 1H 2023) First half 2024 results: EPS: CN¥0.062 (up from CN¥0.058 in 1H 2023). Revenue: CN¥1.75b (up 18% from 1H 2023). Net income: CN¥501.4m (up 1.0% from 1H 2023). Profit margin: 29% (down from 33% in 1H 2023). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Jul 31
Concord New Energy Group Limited to Report First Half, 2024 Results on Aug 23, 2024 Concord New Energy Group Limited announced that they will report first half, 2024 results on Aug 23, 2024 Announcement • Jun 08
Concord New Energy Group Limited Declares Final Dividend for the Year Ended 31 December 2023 Concord New Energy Group Limited announced that at its Annual General Meeting held on 7 June 2024, declared a final dividend of HKD 0.035 per share of the Company for the year ended 31 December 2023. Upcoming Dividend • Jun 05
Upcoming dividend of HK$0.035 per share Eligible shareholders must have bought the stock before 12 June 2024. Payment date: 03 July 2024. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 5.4%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (3.6%). Declared Dividend • May 15
Dividend of HK$0.035 announced Shareholders will receive a dividend of HK$0.035. Ex-date: 2nd July 2024 Payment date: 3rd July 2024 Dividend yield will be 50%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by earnings (31% 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 8.1% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 15
Concord New Energy Group Limited, Annual General Meeting, Jun 07, 2024 Concord New Energy Group Limited, Annual General Meeting, Jun 07, 2024, at 10:00 China Standard Time. Location: suite 3901, 39th floor, far east finance centre, 16 harcourt road, admiralty, Hong Kong Announcement • Apr 27
Concord New Energy Group Limited Announces Appointment of Chan Kam Kwan, Jason as Executive Director The board of directors of Concord New Energy Group Limited announced that Mr. Chan Kam Kwan, Jason has been appointed as an executive director of the Company with effect from 26 April 2024. Mr. Chan, aged 50, joined the Group in 2006, is currently the company secretary of the Company and a director of various subsidiaries of the Company, and had been an executive director of the Company from 6 December 2006 to 21 January 2014. Mr. Chan is an executive director and the company secretary of Brockman Mining Limited. Mr. Chan is also an independent non-executive director of Canvest Environmental Protection Group Company Limited and the company secretary of Frontier Services Group Limited, the shares of which are listed on the main board of the Stock Exchange. Mr. Chan was an independent non-executive director of 1957 & Co. (Hospitality) Limited until 19 August 2022, Mr. Chan obtained a bachelor's degree in commerce from University of British Columbia. Mr. Chan is a holder of certified public accountant certificate issued by the Washington State Board of Accountancy. Reported Earnings • Apr 24
Full year 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.096 in FY 2022) Full year 2023 results: EPS: CN¥0.10 (up from CN¥0.096 in FY 2022). Revenue: CN¥2.59b (up 7.8% from FY 2022). Net income: CN¥869.8m (up 3.4% from FY 2022). Profit margin: 34% (down from 35% in FY 2022). Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year. Reported Earnings • Mar 07
Full year 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.099 in FY 2022) Full year 2023 results: EPS: CN¥0.10. Revenue: CN¥2.59b (down 3.4% from FY 2022). Net income: CN¥869.8m (flat on FY 2022). Profit margin: 34% (up from 33% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Renewable Energy industry in Germany. Announcement • Feb 08
Concord New Energy Group Limited to Report Fiscal Year 2023 Results on Mar 06, 2024 Concord New Energy Group Limited announced that they will report fiscal year 2023 results on Mar 06, 2024 Buying Opportunity • Dec 29
Now 27% undervalued after recent price drop Over the last 90 days, the stock is down 10%. The fair value is estimated to be €0.088, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 54% in 2 years. Earnings is forecast to grow by 42% in the next 2 years. Announcement • Dec 19
Concord New Energy Group Limited Announces Management Changes The Board of the Concord New Energy Group Limited announced that with effect from 18 December 2023, Mr. Yap Fat Suan, Henry has resigned as an independent non-executive director and the Chairman of the Audit Committee of the Company as he would like to dedicate more time to his personal interests in his retirement life. The Board also announced that with effect from 18 December 2023, Mr. Yap will cease to be the chairman of the Audit Committee of the Company, Ms. Huang Jian is appointed as the Chairman of Audit Committee, Ms. Li Yongli has resigned as a member of ESG Committee and is appointed as a member of Audit Committee of the Company, Dr. Jesse Zhixi Fang is appointed as a member of the ESG Committee of the Company. Buying Opportunity • Nov 29
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 4.0%. The fair value is estimated to be €0.096, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 54% in 2 years. Earnings is forecast to grow by 42% in the next 2 years. Reported Earnings • Sep 25
First half 2023 earnings released: EPS: CN¥0.058 (vs CN¥0.05 in 1H 2022) First half 2023 results: EPS: CN¥0.058 (up from CN¥0.05 in 1H 2022). Revenue: CN¥1.49b (up 11% from 1H 2022). Net income: CN¥496.3m (up 12% from 1H 2022). Profit margin: 33% (in line with 1H 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 13
Concord New Energy Group Limited to Report First Half, 2023 Results on Aug 01, 2023 Concord New Energy Group Limited announced that they will report first half, 2023 results on Aug 01, 2023 Upcoming Dividend • Jun 13
Upcoming dividend of HK$0.035 per share at 5.0% yield Eligible shareholders must have bought the stock before 20 June 2023. Payment date: 18 July 2023. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.7%). Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: CN¥9.90 (vs CN¥0.094 in FY 2021) Full year 2022 results: EPS: CN¥9.90 (up from CN¥0.094 in FY 2021). Revenue: CN¥2.68b (up 23% from FY 2021). Net income: CN¥871.8m (up 12% from FY 2021). Profit margin: 33% (down from 36% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 8.3% decline forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has increased by 182% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Announcement • Feb 14
Concord New Energy Group Limited to Report Fiscal Year 2022 Results on Feb 28, 2023 Concord New Energy Group Limited announced that they will report fiscal year 2022 results on Feb 28, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Non-Executive Director Yongli Li 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. Recent Insider Transactions • Sep 25
Executive Chairman recently bought €220k worth of stock On the 19th of September, Shunxing Liu bought around 3m shares on-market at roughly €0.088 per share. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Shunxing's only on-market trade for the last 12 months. Reported Earnings • Aug 02
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down CN¥403.2m from profit in 1H 2021). Profit margin: (down from 42% in 1H 2021). Over the next year, revenue is forecast to grow 6.0% compared to a 16% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 12
Concord New Energy Group Limited to Report First Half, 2022 Results on Aug 01, 2022 Concord New Energy Group Limited announced that they will report first half, 2022 results on Aug 01, 2022 Upcoming Dividend • Jun 29
Upcoming dividend of HK$0.03 per share Eligible shareholders must have bought the stock before 06 July 2022. Payment date: 29 July 2022. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.5%). Higher than average of industry peers (2.0%). Announcement • May 20
Concord New Energy Group Limited Announces Board and Committee Changes The board of directors of Concord New Energy Group Limited announces that with effect from May 19, 2022: Ms. Li Yongli has been appointed as an independent non-executive director of the Company; Mr. Liu Shunxing and Mr. Yap Fat Suan, Henry have resigned as members of the Remuneration Committee of the Company; and Ms. Liu Jianhong, Mr. Yap Fat Suan, Henry and Mr. Zhang Zhong have resigned as members of the Nomination Committee of the Company and Ms. Li Yongli is appointed as a member of the Nomination Committee of the Company. Ms. Li is currently a Professor and Doctoral Supervisor of the School of Electrical and Information Engineering in Tianjin University, a Vice Chairman of IEEE PES Power System Relaying & Control Satellite Committee - China, a Member of CIGRE (International Conference on Large High Voltage Electric System, Conference International des Grands Reseaux Electriques) B5 (Protection and Automation) Chinese Study Committee, Senior Member of Chinese Society of Electrical Engineering and Director of Tianjin Electric Power Society. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Zhong Zhang was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 04
Full year 2021 earnings released: EPS: CN¥0.094 (vs CN¥0.082 in FY 2020) Full year 2021 results: EPS: CN¥0.094 (up from CN¥0.082 in FY 2020). Revenue: CN¥2.18b (up 9.1% from FY 2020). Net income: CN¥778.5m (up 16% from FY 2020). Profit margin: 36% (up from 34% in FY 2020). Over the next year, revenue is forecast to grow 14% compared to a 22% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 04
Concord New Energy Group Limited Approves Final Dividend For the Year Ended December 31, 2021 Concord New Energy Group Limited final dividend in respect of the year ended 31 December 2021 of HKD 0.03 per ordinary share has been proposed by the directors of the Company and is subject to approval by the shareholders at the forthcoming general meeting (2020: final dividend in respect of the year ended 31 December 2020 of HKD 0.03 per ordinary share has been proposed by the directors of the Company and approved by the shareholders at the general meeting held on 21 May 2021). It is expected that the final dividend will be paid out before end of June 2022. Reported Earnings • Mar 03
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CN¥0.094 (up from CN¥0.082 in FY 2020). Revenue: CN¥2.18b (up 9.1% from FY 2020). Net income: CN¥778.5m (up 16% from FY 2020). Profit margin: 36% (up from 34% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 20% compared to a 40% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 17
Concord New Energy Group Limited to Report Fiscal Year 2021 Results on Mar 02, 2022 Concord New Energy Group Limited announced that they will report fiscal year 2021 results on Mar 02, 2022 Announcement • Aug 21
Hubei Zhuifeng Energy Development Co., Ltd. agreed to acquire Fanshi County Century Concord Wind Power Co., Ltd. from Concord New Energy Group Limited (SEHK:182) for approximately HKD 300 million. Hubei Zhuifeng Energy Development Co., Ltd. agreed to acquire Fanshi County Century Concord Wind Power Co., Ltd. from Concord New Energy Group Limited (SEHK:182) for approximately HKD 300 million on August 20, 2021. As part of consideration, Hubei Zhuifeng Energy Development will pay (i) 20% of the consideration after obtained a written confirmation from a creditor of Fanshi Century Concord (ii) 70% of the consideration after the fulfillment of the following conditions: (a) the Registration having been completed and a new business license of Fanshi having been obtained; (b) the legal representative(s), director(s), supervisor(s) and general manager(s) of Fanshi Century Concord having been changed to persons nominated by the Hubei and the relevant change registration having been completed; (c) the articles of association of Fanshi Century Concord having been amended in accordance with the requirements of the Disposal Agreement; (iii) 5% of the Consideration within 5 working days after the Hubei and Fanshi Century having signed the assets and information handover confirmation (iv) 5% of the Consideration after the fulfillment of the following conditions (a) construction, inspection and acceptance, and completion settlement of the 100MW wind power plant (b) certain certifications of the 100MW wind power plant project of Fanshi Century Concord having been obtained. Fanshi County Century generated net income of HKD 23.16 million and net asset of HKD 98.45 million for the year ended December 31, 2020. The transaction subject to third party approval. The proceeds generated from the Disposal will be used as general working capital to finance the business operation and activities of the Hubei. Reported Earnings • Aug 06
First half 2021 earnings released: EPS CN¥0.049 (vs CN¥0.046 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: CN¥970.3m (down 2.9% from 1H 2020). Net income: CN¥403.2m (up 6.3% from 1H 2020). Profit margin: 42% (up from 38% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 27% per year. Announcement • May 22
Concord New Energy Group Limited Declares A Final Dividend for the Year Ended 31 December 2020 Concord New Energy Group Limited at its annual general meeting held on 21 May 2021, declared a final dividend of HKD 0.03 per share of the Company for the year ended 31 December 2020. Upcoming Dividend • May 18
Upcoming dividend of HK$0.03 per share Eligible shareholders must have bought the stock before 25 May 2021. Payment date: 22 June 2021. Trailing yield: 5.7%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (3.9%). Reported Earnings • Apr 09
Full year 2020 earnings released: EPS CN¥0.082 (vs CN¥0.072 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥2.00b (up 9.0% from FY 2019). Net income: CN¥673.4m (up 11% from FY 2019). Profit margin: 34% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Mar 21
Concord New Energy Group Limited Announces Resignation of Dr. Shang Li as an Executive Director Concord New Energy Group Limited announced that, with effect from 19 March 2021, Dr. Shang Li has resigned as an executive Director due to his desire to re-engage in the research work of information technology in college. Dr. Shang has been appointed as the consulting chief technical officer of the Group, and will continue to provide advice and support for the Group's energy Internet of Things and new technology applications. Reported Earnings • Mar 10
Full year 2020 earnings released: EPS CN¥0.082 (vs CN¥0.072 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥2.00b (up 9.0% from FY 2019). Net income: CN¥673.4m (up 11% from FY 2019). Profit margin: 34% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Mar 10
Revenue beats expectations Revenue exceeded analyst estimates by 4.5%. Over the next year, revenue is forecast to grow 6.6%, compared to a 25% growth forecast for the Renewable Energy industry in Germany. Announcement • Feb 25
Concord New Energy Group Limited to Report Fiscal Year 2020 Results on Mar 09, 2021 Concord New Energy Group Limited announced that they will report fiscal year 2020 results on Mar 09, 2021 Announcement • Nov 03
China Nuclear Shandong Energy Co., Ltd. entered into an agreement to acquire Yongren Century Concord Solar Power Co., Ltd. from Concord New Energy Group Limited (SEHK:182) for HKD 89.9 million. China Nuclear Shandong Energy Co., Ltd. entered into an agreement to acquire Yongren Century Concord Solar Power Co., Ltd. from Concord New Energy Group Limited (SEHK:182) for HKD 89.9 million on November 2, 2020. Under the agreement, China Nuclear Shandong Energy Co., Ltd. shall pay consideration in different tranches over the fulfillment of certain conditions as agreed between the parties. In a related transaction, China Nuclear Shandong Energy Co., Ltd. entered into an agreement to acquire Huaping Century Concord Solar Power Co., Ltd. from Concord New Energy Group Limited for HKD 84.8 million on November 2, 2020. As of September 30, 2020, Yongren Century Concord Solar Power Co., Ltd. has reported net assets of HKD 325.40 million. Announcement • Sep 24
Zhuhai Port Risen Energy Co.,Ltd entered into an agreement to acquire Tianchang Juhe Wind Power Co., Ltd from Concord New Energy Group Limited (SEHK:182) for approximately CNY 180 million. Zhuhai Port Risen Energy Co.,Ltd entered into an agreement to acquire Tianchang Juhe Wind Power Co., Ltd from Concord New Energy Group Limited (SEHK:182) for approximately CNY 180 million on September 22, 2020. Under the terms, Zhuhai Port will pay CNY 36.4 million within 10 working days from the effective day of transaction, CNY 127.31 within 7 working days of fulfillment of some conditions, and CNY 18.19 million within 10 working days of fulfillment of some conditions. In a related transaction Zhuhai Port Risen signed an agreement to acquire 49% stake in Suqian Century Concord from Century Concord. In 2019, Tianchang generated net profit before and after tax of CNY 19.48 million each. Transaction is subject to third party and government approval. As of September 22, 2020, Board of Directors of Concord approved the transaction. Announcement • Aug 22
Concord New Energy Group Limited Announces Executive Changes Concord New Energy Group Limited announced that with effect from 18 August 2020, Mr. Yu Weizhou ("Mr. Yu") has resigned as chief executive officer of the Company due to his desire to devote more time to personal endeavours. The Board announced that with effect from 18 August 2020, Mr. Gui Kai ("Mr. Gui"), an executive Director, has been appointed as the CEO. Announcement • Jul 31
Concord New Energy Group Limited to Report First Half, 2020 Results on Aug 10, 2020 Concord New Energy Group Limited announced that they will report first half, 2020 results on Aug 10, 2020 
