Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Director Jingdong Ding was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Tillkännagivande • Apr 03
Hunan Development Group Co., Ltd., Annual General Meeting, Apr 24, 2026 Hunan Development Group Co., Ltd., Annual General Meeting, Apr 24, 2026, at 15:30 China Standard Time. Tillkännagivande • Mar 31
Hunan Development Group Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Hunan Development Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Tillkännagivande • Dec 31
Hunan Development Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 04, 2026 Hunan Development Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 04, 2026 Tillkännagivande • Sep 30
Hunan Development Group Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Hunan Development Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Tillkännagivande • Jul 02
Hunan Development Group Co., Ltd. to Report First Half, 2025 Results on Aug 19, 2025 Hunan Development Group Co., Ltd. announced that they will report first half, 2025 results on Aug 19, 2025 Tillkännagivande • Apr 11
Hunan Development Group Co., Ltd. Proposes Final Cash Dividend for 2024 Hunan Development Group Co., Ltd. announced on 10 April 2025 the profit distribution proposal for 2024 as follows: Final cash dividend per 10 shares (tax included) of CNY 0.50000000. Tillkännagivande • Apr 10
Hunan Development Group Co., Ltd., Annual General Meeting, Apr 30, 2025 Hunan Development Group Co., Ltd., Annual General Meeting, Apr 30, 2025, at 15:30 China Standard Time. Location: 27F, Tower B, No. 142, Furong Middle Road 3rd Section, Changsha, Hunan China Tillkännagivande • Mar 31
Hunan Development Group Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Hunan Development Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Tillkännagivande • Dec 31
Hunan Development Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 10, 2025 Hunan Development Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 10, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.03 (vs CN¥0.004 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.03 (up from CN¥0.004 in 3Q 2023). Revenue: CN¥78.6m (up 62% from 3Q 2023). Net income: CN¥14.8m (up CN¥13.2m from 3Q 2023). Profit margin: 19% (up from 3.3% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. New Risk • Oct 09
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Risk Earnings have declined by 21% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows. Tillkännagivande • Sep 30
Hunan Development Group Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Hunan Development Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.041 (vs CN¥0.068 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.041 (down from CN¥0.068 in 2Q 2023). Revenue: CN¥95.9m (down 9.5% from 2Q 2023). Net income: CN¥20.9m (down 47% from 2Q 2023). Profit margin: 22% (down from 37% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Tillkännagivande • Jun 29
Hunan Development Group Co., Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Hunan Development Group Co., Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Tillkännagivande • Jun 08
Hunan Development Group Co., Ltd. Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2023, Payable on 14 June 2024 Hunan Development Group Co., Ltd. announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 0.50000000 for the year 2023, payable on 14 June 2024. Record date: 13 June 2024. Ex-date: 14 June 2024. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥12.26, the stock trades at a trailing P/E ratio of 74.2x. Average trailing P/E is 19x in the Renewable Energy industry in China. Total returns to shareholders of 51% over the past three years. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥11.59, the stock trades at a trailing P/E ratio of 75.4x. Average trailing P/E is 19x in the Renewable Energy industry in China. Total returns to shareholders of 48% over the past three years. Tillkännagivande • Apr 05
Hunan Development Group Co., Ltd. Proposes Final Cash Dividend for the Year 2023 Hunan Development Group Co., Ltd. proposed final cash dividend of CNY 0.50 per 10 shares for the year 2023. Tillkännagivande • Apr 03
Hunan Development Group Co., Ltd., Annual General Meeting, Apr 23, 2024 Hunan Development Group Co., Ltd., Annual General Meeting, Apr 23, 2024, at 15:30 China Standard Time. Location: 27F, Tower B, No. 142, Furong Middle Road 3rd Sectiom, Tianxin District, Changsha, Hunan China Reported Earnings • Apr 03
Full year 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.15 in FY 2022) Full year 2023 results: EPS: CN¥0.11 (down from CN¥0.15 in FY 2022). Revenue: CN¥292.5m (down 29% from FY 2022). Net income: CN¥49.5m (down 28% from FY 2022). Profit margin: 17% (in line with FY 2022). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Tillkännagivande • Mar 30
Hunan Development Group Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Hunan Development Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 New Risk • Feb 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 Chinese stocks, typically moving 6.6% 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 Earnings have declined by 12% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (10% net profit margin). Tillkännagivande • Dec 30
Hunan Development Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 03, 2024 Hunan Development Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 03, 2024 Reported Earnings • Oct 14
Third quarter 2023 earnings released: EPS: CN¥0.004 (vs CN¥0.019 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.004 (down from CN¥0.019 in 3Q 2022). Revenue: CN¥48.6m (down 45% from 3Q 2022). Net income: CN¥1.60m (down 82% from 3Q 2022). Profit margin: 3.3% (down from 10.0% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Tillkännagivande • Sep 30
Hunan Development Group Co., Ltd. to Report Q3, 2023 Results on Oct 14, 2023 Hunan Development Group Co., Ltd. announced that they will report Q3, 2023 results on Oct 14, 2023 New Risk • Sep 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 35% 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 have declined by 6.3% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin). Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.068 (vs CN¥0.081 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.068 (down from CN¥0.081 in 2Q 2022). Revenue: CN¥106.0m (down 31% from 2Q 2022). Net income: CN¥39.6m (down 1.2% from 2Q 2022). Profit margin: 37% (up from 26% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥13.78, the stock trades at a trailing P/E ratio of 60.8x. Average trailing P/E is 25x in the Renewable Energy industry in China. Total returns to shareholders of 117% over the past three years. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.019 (vs CN¥0.11 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.019 (down from CN¥0.11 in 3Q 2021). Revenue: CN¥88.8m (down 40% from 3Q 2021). Net income: CN¥8.84m (down 83% from 3Q 2021). Profit margin: 10.0% (down from 35% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: CN¥0.081 (vs CN¥0.072 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.081 (up from CN¥0.072 in 2Q 2021). Revenue: CN¥152.9m (up 96% from 2Q 2021). Net income: CN¥40.1m (up 25% from 2Q 2021). Profit margin: 26% (down from 41% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥17.02, the stock trades at a trailing P/E ratio of 56.6x. Average trailing P/E is 30x in the Renewable Energy industry in China. Total returns to shareholders of 143% over the past three years. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥20.86, the stock trades at a trailing P/E ratio of 69.4x. Average trailing P/E is 28x in the Renewable Energy industry in China. Total returns to shareholders of 208% over the past three years. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improved over the past week After last week's 33% share price gain to CN¥15.11, the stock trades at a trailing P/E ratio of 50.2x. Average trailing P/E is 26x in the Renewable Energy industry in China. Total returns to shareholders of 115% over the past three years. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.09 (vs CN¥0.04 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.09 (up from CN¥0.04 in 1Q 2021). Revenue: CN¥130.7m (up 30% from 1Q 2021). Net income: CN¥40.3m (up 97% from 1Q 2021). Profit margin: 31% (up from 20% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 02
Full year 2021 earnings released: EPS: CN¥0.26 (vs CN¥0.21 in FY 2020) Full year 2021 results: EPS: CN¥0.26 (up from CN¥0.21 in FY 2020). Revenue: CN¥478.4m (up 54% from FY 2020). Net income: CN¥119.7m (up 22% from FY 2020). Profit margin: 25% (down from 32% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥9.01, the stock trades at a trailing P/E ratio of 37.9x. Average trailing P/E is 29x in the Renewable Energy industry in China. Total returns to shareholders of 8.0% over the past three years. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.04 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥147.1m (up 309% from 3Q 2020). Net income: CN¥51.3m (up 213% from 3Q 2020). Profit margin: 35% (down from 46% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥7.67, the stock trades at a trailing P/E ratio of 40.9x. Average trailing P/E is 22x in the Renewable Energy industry in China. Total returns to shareholders of 39% over the past three years. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS CN¥0.072 (vs CN¥0.089 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥78.0m (up 14% from 2Q 2020). Net income: CN¥32.0m (down 26% from 2Q 2020). Profit margin: 41% (down from 63% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 5% per year. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥8.01, the stock trades at a trailing P/E ratio of 44.4x. Average trailing P/E is 16x in the Renewable Energy industry in China. Negligible returns to shareholders over past three years. Reported Earnings • Apr 21
First quarter 2021 earnings released: EPS CN¥0.04 (vs CN¥0.07 in 1Q 2020) The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥100.3m (up 56% from 1Q 2020). Net income: CN¥20.4m (down 35% from 1Q 2020). Profit margin: 20% (down from 49% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥0.21 (vs CN¥0.30 in FY 2019) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥310.9m (up 34% from FY 2019). Net income: CN¥97.9m (down 29% from FY 2019). Profit margin: 32% (down from 60% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 25
New 90-day low: CN¥5.89 The company is down 8.0% from its price of CN¥6.40 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 1.0% over the same period. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥7.45, the stock is trading at a trailing P/E ratio of 37.9x, up from the previous P/E ratio of 32.9x. This compares to an average P/E of 17x in the Renewable Energy industry in China. Total return to shareholders over the past three years is a loss of 14%. Is New 90 Day High Low • Dec 23
New 90-day high: CN¥7.45 The company is up 6.0% from its price of CN¥7.00 on 25 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is down 2.0% over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: CN¥6.40 The company is down 2.0% from its price of CN¥6.51 on 31 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 2.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥89.1m, down 43% from the prior year. Total revenue was CN¥183.0m over the last 12 months, down 37% from the prior year. 