Board Change • Jun 02
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. 1 highly experienced director. Founder & Chairman Hong Xin Guo is the most experienced director on the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • May 22
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Founder & Chairman Hong Xin Guo is the most experienced director on the board, commencing their role in 2004. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 11
Full year 2025 earnings released: EPS: CN¥0.39 (vs CN¥0.15 in FY 2024) Full year 2025 results: EPS: CN¥0.39 (up from CN¥0.15 in FY 2024). Revenue: CN¥3.34b (down 4.8% from FY 2024). Net income: CN¥312.9m (up 162% from FY 2024). Profit margin: 9.4% (up from 3.4% in FY 2024). 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 but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Apr 07
Sunpower Group Ltd., Annual General Meeting, Apr 29, 2026 Sunpower Group Ltd., Annual General Meeting, Apr 29, 2026, at 10:00 Singapore Standard Time. Location: paradiso room, level 3, grand copthorne waterfront hotel, singapore, 392 havelock road, singapore 169663, Singapore Reported Earnings • Mar 03
Full year 2025 earnings released Full year 2025 results: Revenue: CN¥3.34b (down 4.8% from FY 2024). Net income: CN¥312.9m (up 162% from FY 2024). Profit margin: 9.4% (up from 3.4% in FY 2024). The increase in margin was driven by lower expenses. New Risk • Feb 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Profit margins are more than 30% lower than last year (4.0% net profit margin). New Risk • Jan 05
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 Singaporean stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Profit margins are more than 30% lower than last year (4.0% net profit margin). Significant insider selling over the past 3 months (S$74m sold). Board Change • Dec 03
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Group CEO & Executive Director Jiankai Lin 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. Reported Earnings • Aug 09
Second quarter 2025 earnings released: EPS: CN¥0.083 (vs CN¥0.083 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.083 (in line with 2Q 2024). Revenue: CN¥808.8m (down 11% from 2Q 2024). Net income: CN¥65.8m (flat on 2Q 2024). Profit margin: 8.1% (up from 7.2% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Announcement • Aug 08
Sunpower Group Ltd. to Report Fiscal Year 2025 Results on Mar 01, 2026 Sunpower Group Ltd. announced that they will report fiscal year 2025 results on Mar 01, 2026 Reported Earnings • May 16
First quarter 2025 earnings released First quarter 2025 results: Revenue: CN¥793.1m (down 4.0% from 1Q 2024). Net income: CN¥72.2m (up 29% from 1Q 2024). Profit margin: 9.1% (up from 6.8% in 1Q 2024). The increase in margin was driven by lower expenses. Reported Earnings • Apr 10
Full year 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.22 in FY 2023) Full year 2024 results: EPS: CN¥0.15 (down from CN¥0.22 in FY 2023). Revenue: CN¥3.51b (up 3.0% from FY 2023). Net income: CN¥119.4m (down 32% from FY 2023). Profit margin: 3.4% (down from 5.2% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Announcement • Apr 04
Sunpower Group Ltd., Annual General Meeting, Apr 29, 2025 Sunpower Group Ltd., Annual General Meeting, Apr 29, 2025, at 10:00 Singapore Standard Time. Location: hq-india rooms, assembly building, level 2, jw marriott hotel singapore south beach, 30 beach road, singapore 189763, Singapore New Risk • Mar 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.4% Last year net profit margin: 5.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Profit margins are more than 30% lower than last year (3.4% net profit margin). New Risk • Nov 24
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% 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 Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Reported Earnings • Nov 16
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: CN¥749.3m (down 2.9% from 3Q 2023). Net loss: CN¥21.5m (down 125% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • Nov 05
Sunpower Group Ltd. to Report Q3, 2024 Results on Nov 14, 2024 Sunpower Group Ltd. announced that they will report Q3, 2024 results on Nov 14, 2024 New Risk • Sep 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 Singaporean stocks, typically moving 8.7% 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 Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change). Reported Earnings • Aug 13
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: CN¥911.1m (up 8.7% from 2Q 2023). Net income: CN¥65.9m (up 282% from 2Q 2023). Profit margin: 7.2% (up from 2.1% in 2Q 2023). The increase in margin was driven by higher revenue. Reported Earnings • May 16
First quarter 2024 earnings released First quarter 2024 results: Revenue: CN¥825.8m (up 3.4% from 1Q 2023). Net income: CN¥56.0m (up 95% from 1Q 2023). Profit margin: 6.8% (up from 3.6% in 1Q 2023). Announcement • Apr 02
Sunpower Group Ltd., Annual General Meeting, Apr 25, 2024 Sunpower Group Ltd., Annual General Meeting, Apr 25, 2024, at 10:00 Singapore Standard Time. Location: Alpha-Bravo Rooms, Assembly Building, Level 1, JW Marriott Hotel Singapore South Beach, 30 Beach Road, Singapore 189763 Singapore Singapore Agenda: To consider the Adoption of the Directors' Statement and Audited Financial Statements for the financial year ended 31 December 2023; to consider the Approval of Directors' fees; to consider the Approval of Directors' fees for retiring Directors; to consider the Re-election of Mr. Yang Zheng as a Director; to consider the Re-election of Mr. Wang Dao Fu as a Director; to consider the Re-appointment of Messrs Deloitte & Touche LLP as Auditors and to authorize the Directors to fix their remuneration; to consider the Authority to allot and issue new shares; to consider the Authority to allot and issue new shares pursuant to the exercise of the options under the Sunpower Employee Share Option Scheme 2015. Reported Earnings • Feb 29
Full year 2023 earnings released Full year 2023 results: Revenue: CN¥3.40b (down 1.3% from FY 2022). Net income: CN¥175.8m (up 27% from FY 2022). Profit margin: 5.2% (up from 4.0% in FY 2022). The increase in margin was driven by lower expenses. Reported Earnings • Nov 11
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: CN¥771.8m (down 11% from 3Q 2022). Net income: CN¥84.9m (up CN¥74.4m from 3Q 2022). Profit margin: 11% (up from 1.2% in 3Q 2022). The increase in margin was driven by lower expenses. New Risk • Oct 18
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 Singaporean stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.9% net profit margin). Reported Earnings • Aug 12
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: CN¥838.6m (up 7.4% from 2Q 2022). Net income: CN¥17.3m (down 77% from 2Q 2022). Profit margin: 2.1% (down from 9.5% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • May 19
Sunpower Group Ltd. Approves Final Dividend for Financial Year Ended 31 December 2022, Payable on 8 June 2023 Sunpower Group Ltd. at Annual General Meeting on 28 April 2023 approved the payment of a final dividend of SGD 0.0013 per share for the financial year ended 31 December 2022. Shareholders (being depositors) whose securities accounts with The Central Depository (Pte) Limited are credited with ordinary shares in the capital of the Company as at 5.00 p.m., on 26 May 2023 will be entitled to the proposed final dividend. Payment of the final dividend will be made on 8 June 2023. Reported Earnings • May 12
First quarter 2023 earnings released: EPS: CN¥0.036 (vs CN¥0.052 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.036 (down from CN¥0.052 in 1Q 2022). Revenue: CN¥798.4m (up 8.1% from 1Q 2022). Net income: CN¥28.7m (down 30% from 1Q 2022). Profit margin: 3.6% (down from 5.6% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 07
Full year 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.99 in FY 2021) Full year 2022 results: EPS: CN¥0.17 (down from CN¥0.99 in FY 2021). Revenue: CN¥3.45b (up 18% from FY 2021). Net income: CN¥138.8m (down 82% from FY 2021). Profit margin: 4.0% (down from 27% in FY 2021). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 28
Full year 2022 earnings released: EPS: CN¥0.17 (vs CN¥1.01 in FY 2021) Full year 2022 results: EPS: CN¥0.17 (down from CN¥1.01 in FY 2021). Revenue: CN¥3.45b (up 19% from FY 2021). Net income: CN¥138.8m (down 83% from FY 2021). Profit margin: 4.0% (down from 28% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Non-Executive & Non-Independent Director Guannan Wang was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 13
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: CN¥780.9m (up 60% from 2Q 2021). Net income: CN¥74.3m (up CN¥579.4m from 2Q 2021). Profit margin: 9.5% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Board Change • Aug 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Non-Executive & Non-Independent Director Guannan Wang was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Non-Executive & Non-Independent Director Guannan Wang was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 17
First quarter 2022 earnings: Revenues exceed analyst expectations First quarter 2022 results: Revenue: CN¥738.5m (up 77% from 1Q 2021). Net income: CN¥41.1m (down 21% from 1Q 2021). Profit margin: 5.6% (down from 12% in 1Q 2021). Revenue exceeded analyst estimates by 1.8%. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 27
Price target decreased to S$0.55 Down from S$0.98, the current price target is provided by 1 analyst. New target price is 23% above last closing price of S$0.45. Stock is down 53% over the past year. The company is forecast to post earnings per share of CN¥0.15 for next year compared to CN¥1.01 last year. Price Target Changed • Apr 08
Price target decreased to S$0.55 Down from S$0.98, the current price target is provided by 1 analyst. New target price is 19% above last closing price of S$0.46. Stock is down 48% over the past year. The company is forecast to post earnings per share of CN¥0.15 for next year compared to CN¥1.01 last year. Reported Earnings • Apr 07
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: CN¥1.01 (up from CN¥0.39 loss in FY 2020). Revenue: CN¥2.90b (up 117% from FY 2020). Net income: CN¥803.8m (up CN¥1.11b from FY 2020). Profit margin: 28% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 95%. Over the next year, revenue is forecast to grow 8.1%, compared to a 15% growth forecast for the industry in Singapore. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Apr 05
Sunpower Group Ltd., Annual General Meeting, Apr 28, 2022 Sunpower Group Ltd., Annual General Meeting, Apr 28, 2022, at 10:00 China Standard Time. Location: at the Company's Board Room, No. 2111 Chengxin Avenue, High-tech Industrial Park, Jiangning District, Nanjing, Jiangsu China Agenda: To receive, consider and adopt the Audited Financial Statements for the financial year ended 31 December 2021 together with the Directors' Statement and the Auditors' Report thereon; to approve Directors' fees of SGD 623,920 for the financial year ended 31 December 2021. (2020: SGD 374,420); to re-elect Mr. Guo Hong Xin, a Director retiring pursuant to Bye-Law 104 of the Bye-Laws of the Company; to re-elect Mr. Chin Sek Peng, a Director retiring pursuant to Bye-Law 104 of the Bye-Laws of the Company; to re-elect Ms. Wang Guannan, a Director retiring pursuant to Bye-Law 107(B) of the Bye-Laws of the Company; and to consider other matters. Reported Earnings • Mar 04
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: CN¥0.16 loss per share (down from CN¥0.07 loss in FY 2020). Revenue: CN¥2.86b (down 30% from FY 2020). Net loss: CN¥130.6m (loss widened 135% from FY 2020). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 5.0%, compared to a 16% growth forecast for the industry in Singapore. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Announcement • Feb 26
Sunpower Group Ltd. Announces Management Changes The board of directors of Sunpower Group Ltd. announced that Wang Guannan will be appointed as a Non-Executive and Non-Independent Director of the Company with effect from February 25, 2022. The board also announced that Liu Haifeng will cease as Non-Executive and Non-Independent Director of the Company with effect from February 25, 2022. Accordingly, Liu will also cease as a member of the Nominating Committee and Remuneration Committee with effect from February 25, 2022. The board has appointed Wang Guannan as a member of the Nominating Committee and as a member of the Remuneration Committee. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Dao Fu Wang was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 11
Third quarter 2021 earnings released The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: CN¥771.3m (down 14% from 3Q 2020). Net income: CN¥202.5m (up 454% from 3Q 2020). Profit margin: 26% (up from 4.1% in 3Q 2020). 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. Price Target Changed • Sep 06
Price target decreased to S$1.05 Down from S$1.22, the current price target is provided by 1 analyst. New target price is 53% above last closing price of S$0.69. Stock is up 23% over the past year. Announcement • Jul 06
Sunpower Group Ltd. Announces Special Dividend for Tranche 2, Payable on July 21, 2021 Sunpower Group Ltd. announced that Sunpower International's receipt of the Tranche 2 Consideration, the Special Dividend Conditions in respect of the Tranche 2 Special Dividend are fulfilled and that the Transfer Book and Register of Members of the Company will be closed on 14 July 2021 for the purpose of determining entitlements of Shareholders to the one-
tier tax-exempt Tranche 2 Special Dividend of RMB 0.4833 per Share in respect of the Proposed Disposal, which will be paid in SGD, equivalent to SGD 0.1006 per Share, based on the actual exchange rate of SGD 1: RMB 4.8030 on 2 July 2021 utilised by the Company for the purposes of such payment. Payment of the Tranche 2 Special Dividend will be made on 21 July 2021. Upcoming Dividend • Jun 02
Upcoming dividend of S$0.14 per share Eligible shareholders must have bought the stock before 09 June 2021. Payment date: 18 June 2021. Trailing yield: 0.3%. Lower than top quartile of Singaporean dividend payers (4.9%). Lower than average of industry peers (2.5%). Reported Earnings • May 14
First quarter 2021 earnings released The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥882.8m (up 31% from 1Q 2020). Net income: CN¥85.2m (down 61% from 1Q 2020). Profit margin: 9.6% (down from 32% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Announcement • May 08
Sunpower Group Ltd. Approves Special Dividend Sunpower Group Ltd. approved special dividend at its Special General Meeting held on 16 April 2021. A special one-tier tax-exempt cash dividend of RMB 1.1627 for each Share held by Shareholders, on a fully-diluted basis. to be declared and distributed to Shareholders whose names appear on the register of members of the company on the record date to be fixed by the Directors of the Company and the Proposed Special Dividend to be paid on the date to be determined by the Directors of the company be and is hereby approved. Executive Departure • May 07
Chief Investment Officer has left the company On the 30th of April, Kai Chen's tenure as Chief Investment Officer ended after 3.7 years in the role. We don't have any record of a personal shareholding under Kai's name. A total of 3 executives have left over the last 12 months. Executive Departure • May 07
Chief Financial Officer has left the company On the 30th of April, Cui Ge's tenure as Chief Financial Officer ended after 6.2 years in the role. We don't have any record of a personal shareholding under Cui's name. A total of 3 executives have left over the last 12 months. Executive Departure • Apr 29
Group Senior Vice President Quanjun Gu has left the company On the 26th of April, Quanjun Gu's tenure as Group Senior Vice President ended after 4.0 years in the role. We don't have any record of a personal shareholding under Quanjun's name. Quanjun is the only executive to leave the company over the last 12 months. Reported Earnings • Apr 06
Full year 2020 earnings released: CN¥0.07 loss per share (vs CN¥0.18 profit in FY 2019) The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: CN¥4.06b (up 13% from FY 2019). Net loss: CN¥55.6m (down 140% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 01
Sunpower Group Ltd. Proposes Special Dividend Sunpower Group Ltd. proposed special dividend at its Special General Meeting to be held on 16 April 2021. A special one-tier tax-exempt cash dividend of RMB 1.1627 for each Share held by Shareholders, on a fully-diluted basis (the "Proposed Special Dividend") to be declared and distributed to Shareholders whose names appear on the register of members of the company on the record date to be fixed by the Directors of the Company and the Proposed Special Dividend to be paid on the date to be determined by the Directors of the company be and is hereby approved. Reported Earnings • Feb 27
Full year 2020 earnings released: CN¥0.07 loss per share (vs CN¥0.18 profit in FY 2019) The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: CN¥4.06b (up 13% from FY 2019). Net loss: CN¥55.6m (down 140% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 27
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 0.9%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 8.0%, compared to a 13% growth forecast for the Machinery industry in Singapore. Announcement • Feb 06
Sunpower Group Ltd. Executes on M&S Contracts Worth RMB 390 Million for Existing Chemical Customer Sunpower Group Ltd. announced it secured two Manufacturing & Services (M&S) contracts worth RMB 390 million from an existing customer in the chemical industry. Under the contracts, Sunpower will supply condensers and rectifying columns to the customer in the chemical industry. With delivery expected to be completed in 2022, this will mainly have a positive impact on the Group's financial performance in fiscal year 2022. Announcement • Feb 03
Sunpower Group Ltd. Announces Securing of M&S Contracts Worth Approximately RMB 141 Million Sunpower Group Ltd. announced it secured a Manufacturing & Services ("M&S") contract worth approximately RMB 141 million from an existing customer in the polycrystalline silicon industry. Under the contract, Sunpower will supply core equipment to the project of the customer. With delivery expected to be completed in 2021, this will have a positive impact on the Group's financial performance, mainly in the financial year ending 31 December 2021 ('FY2021'). Announcement • Jan 31
Sunpower Group Ltd. Executes on M&S Orders Worth RMB 103 Million for Polycrystalline Silicon Industry Customers Sunpower Group Ltd. announced it secured and is executing on Manufacturing & Services ("M&S") contracts worth approximately RMB 103 million for reputable customers in the polycrystalline silicon industry. Under the contract, the company will supply reactors to the customers. With delivery expected to be completed in 2021, the contracts are expected to have a positive impact on the Group's financial performance, mainly in the financial year ending 31 December 2021. Price Target Changed • Jan 11
Price target raised to S$0.98 Up from S$0.86, the current price target is an average from 3 analysts. The new target price is 15% above the current share price of S$0.85. As of last close, the stock is up 37% over the past year. Price Target Changed • Jan 07
Price target raised to S$0.92 Up from S$0.84, the current price target is an average from 3 analysts. The new target price is 15% above the current share price of S$0.81. As of last close, the stock is up 31% over the past year. Is New 90 Day High Low • Dec 24
New 90-day high: S$0.79 The company is up 48% from its price of S$0.53 on 25 September 2020. The Singaporean market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is S$0.045 per share. Is New 90 Day High Low • Dec 09
New 90-day high: S$0.75 The company is up 39% from its price of S$0.54 on 10 September 2020. The Singaporean market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is S$0.039 per share. Major Estimate Revision • Nov 19
Analysts increase EPS estimates to CN¥0.42 The 2020 consensus revenue estimate increased from CN¥3.87b to CN¥4.02b. The earnings per share estimate also received an upgrade from CN¥0.39 to CN¥0.42 for the same period. Net income is expected to grow by 9.7% next year compared to 9.5% growth forecast for the Machinery industry in Singapore. The consensus price target increased from S$0.84 to S$0.86. Share price is up 6.3% to S$0.68 over the past week. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS CN¥0.046 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: CN¥901.1m (up 16% from 3Q 2019). Net income: CN¥36.6m (down 67% from 3Q 2019). Profit margin: 4.1% (down from 14% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 05
New 90-day high: S$0.66 The company is up 24% from its price of S$0.53 on 07 August 2020. The Singaporean market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is down 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is S$0.036 per share. Is New 90 Day High Low • Oct 13
New 90-day high: S$0.61 The company is up 36% from its price of S$0.45 on 15 July 2020. The Singaporean market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is down 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is S$0.036 per share. Announcement • Oct 05
Sunpower Secures M&S Orders Worth over RMB 76 Million from Repeat Customers Sunpower Group Ltd. announced it has secured Manufacturing & Services ("M&S") orders totalling over RMB 76 million from repeat customers Zibo Qixiang Tengda Chemical Co. Ltd. ("Qixiang Tengda") and Jiangsu Yangnong Chemical Group Co. Ltd. ("Yangnong Chemical Group"). Qixiang Tenda is a China-based heavyweight enterprise in the field of Propane Dehydrogenation ("PDH")[1], an important process of making propylene in the petrochemical industry. Under the contract, Sunpower will provide heat exchangers for Qixiang Tengda's 700,000-ton/year PDH plant. Delivery is expected to be completed in 2021 and will have a positive impact on the Group's financial performance in FY2020 and FY2021. Announcement • Oct 01
Sunpower Group Ltd. Announces Strategic Cooperation Agreement with Sichuan Yongxiang Co., Ltd Sunpower Group Ltd. announced that it has signed a strategic cooperation agreement with Sichuan Yongxiang Co. Ltd. Under the Agreement, Sunpower will commence comprehensive cooperation with Sichuan Yongxiang and serve as its strategic provider to supply key equipment or services including cold hydrogenation reactors, heat exchangers, reduction furnaces, energy-saving pipe supports and sewage treatment services for Sichuan Yongxiang's polycrystalline silicon projects in coming years. Sichuan Yongxiang has developed rapidly in recent years, and Sunpower will continue to provide full support for its further growth in the future. This will also solidify Sunpower's leading position in serving the renewable energy industry. Announcement • Sep 18
Sunpower Group Ltd. Secures M&S Tender Worth over RMB 150 Million from Repeat Customer Sinopec Sunpower Group Ltd. announced it has secured a Manufacturing & Services ("M&S") tender (the "Tender") worth more than RMB 150 million from repeat customer SINOPEC Group (", "SINOPEC"), one of the largest integrated energy and chemical companies in China. Under the Tender, Sunpower will manufacture and supply two types of LNG vaporizers, namely Submerged Combustion Vaporizers ("SCV") and seawater Intermediate Fluid Vaporizers ("IFV"), for SINOPEC's Large LNG receiving terminal in Shandong province. Sunpower will utilize its proprietary LNG regasification technology to help the LNG receiving terminal convert LNG from its liquified form at a cryogenic temperature of around -163° into gas with high heat-transfer efficiency. Delivery of the contract is expected to be completed by fiscal year 2021 and have a positive impact on the Group's financial performance in fiscal year 2020 and fiscal year 2021.