Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to CN¥18.48, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 18x in the Renewable Energy industry in China. Total returns to shareholders of 42% over the past three years. Board Change • May 20
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Dunnan Liu was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Tillkännagivande • Apr 28
GCL Energy Technology Co.,Ltd., Annual General Meeting, May 19, 2026 GCL Energy Technology Co.,Ltd., Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Suzhou, Jiangsu China Tillkännagivande • Mar 31
GCL Energy Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026 GCL Energy Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Tillkännagivande • Dec 31
GCL Energy Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 GCL Energy Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Tillkännagivande • Sep 30
GCL Energy Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025 GCL Energy Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Tillkännagivande • Jul 02
GCL Energy Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 29, 2025 GCL Energy Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Tillkännagivande • May 22
GCL Energy Technology Co.,Ltd. Approves Final Cash Dividend for 2024 GCL Energy Technology Co.,Ltd. at its AGM held on 20 May 2025, approved Cash dividend/10 shares (tax included): CNY 1.00000000 for the year 2024. Tillkännagivande • Apr 29
GCL Energy Technology Co.,Ltd., Annual General Meeting, May 20, 2025 GCL Energy Technology Co.,Ltd., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Tillkännagivande • Mar 31
GCL Energy Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025 GCL Energy Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Tillkännagivande • Dec 31
GCL Energy Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 GCL Energy Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.078 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.078 in 3Q 2023). Revenue: CN¥2.85b (down 4.0% from 3Q 2023). Net income: CN¥195.1m (up 56% from 3Q 2023). Profit margin: 6.8% (up from 4.2% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 17% per year. Tillkännagivande • Sep 30
GCL Energy Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024 GCL Energy Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥7.68, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Renewable Energy industry in China. Total loss to shareholders of 41% over the past three years. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.29 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.14 (down from CN¥0.29 in 2Q 2023). Revenue: CN¥2.29b (down 17% from 2Q 2023). Net income: CN¥223.1m (down 53% from 2Q 2023). Profit margin: 9.7% (down from 17% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥8.48, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Renewable Energy industry in China. Total loss to shareholders of 2.0% over the past three years. Tillkännagivande • Jun 29
GCL Energy Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 29, 2024 GCL Energy Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Tillkännagivande • Apr 28
GCL Energy Technology Co.,Ltd., Annual General Meeting, May 16, 2024 GCL Energy Technology Co.,Ltd., Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: No. 28, Xinqing Road, Suzhou Industrial Park, Jiangsu China Agenda: To approve 2023 work report of the board of directors; to approve 2023 work report of the supervisory committee; to approve 2023 profit distribution plan; to approve 2024 estimated external guarantee quota; to approve 2024 entrusted wealth management investment plan; to reappoint 2024 audit firm; and to consider and approve other matters of business. Tillkännagivande • Apr 27
GCL Energy Technology Co.,Ltd. Proposes Final Dividend for 2023 GCL Energy Technology Co.,Ltd. proposed final cash dividend of CNY 1.30000000 per 10 shares (tax included) for 2023. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.20 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.12 (down from CN¥0.20 in 1Q 2023). Revenue: CN¥2.41b (down 15% from 1Q 2023). Net income: CN¥187.7m (down 42% from 1Q 2023). Profit margin: 7.8% (down from 11% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Tillkännagivande • Mar 30
GCL Energy Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024 GCL Energy Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥11.29, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Renewable Energy industry in China. Total returns to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥9.11, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Renewable Energy industry in China. Total returns to shareholders of 54% over the past three years. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥9.55, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Renewable Energy industry in China. Total returns to shareholders of 63% over the past three years. Board Change • Oct 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Non-Independent Director Min Yang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Tillkännagivande • Sep 30
GCL Energy Technology Co.,Ltd. to Report Q3, 2023 Results on Oct 27, 2023 GCL Energy Technology Co.,Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 New Risk • Sep 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% 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 Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.14 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.29 (up from CN¥0.14 in 2Q 2022). Revenue: CN¥2.77b (up 14% from 2Q 2022). Net income: CN¥475.7m (up 119% from 2Q 2022). Profit margin: 17% (up from 8.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Renewable Energy industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 19
Upcoming dividend of CN¥0.19 per share at 1.4% yield Eligible shareholders must have bought the stock before 26 June 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Chinese dividend payers (2.0%). Lower than average of industry peers (2.7%). Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥14.93, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Renewable Energy industry in China. Total loss to shareholders of 4.8% over the past year. Tillkännagivande • May 20
GCL Energy Technology Co.,Ltd. Approves Cash Dividend for 2022 GCL Energy Technology Co.,Ltd. at its Annual General Meeting of 2022 held on 18 May 2023, approved cash dividend/10 shares (tax included): CNY 1.90000000. Reported Earnings • Apr 17
Full year 2022 earnings released: EPS: CN¥0.41 (vs CN¥0.74 in FY 2021) Full year 2022 results: EPS: CN¥0.41 (down from CN¥0.74 in FY 2021). Revenue: CN¥10.7b (down 5.6% from FY 2021). Net income: CN¥636.6m (down 37% from FY 2021). Profit margin: 6.0% (down from 8.9% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Renewable Energy industry in China. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥12.77, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Renewable Energy industry in China. Total loss to shareholders of 20% over the past year. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Non-Independent Director Min Yang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.23 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.17 (down from CN¥0.23 in 3Q 2021). Revenue: CN¥2.87b (up 16% from 3Q 2021). Net income: CN¥272.3m (down 11% from 3Q 2021). Profit margin: 9.5% (down from 12% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Renewable Energy industry in China. Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.25 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.14 (down from CN¥0.25 in 2Q 2021). Revenue: CN¥2.42b (down 26% from 2Q 2021). Net income: CN¥217.0m (down 37% from 2Q 2021). Profit margin: 8.9% (down from 10% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 55%, compared to a 15% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥18.82, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 14x in the Renewable Energy industry in China. Total returns to shareholders of 125% over the past year. Board Change • Apr 27
Less than half of directors are independent There are 11 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 11 new directors. No experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Minghui Li is the most experienced director on the board, commencing their role in 2019. Independent Director Xiaoping Han was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 16
Full year 2021 earnings released: EPS: CN¥0.74 (vs CN¥0.59 in FY 2020) Full year 2021 results: EPS: CN¥0.74 (up from CN¥0.59 in FY 2020). Revenue: CN¥11.3b (flat on FY 2020). Net income: CN¥1.00b (up 25% from FY 2020). Profit margin: 8.9% (up from 7.1% in FY 2020). Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 30% share price gain to CN¥17.98, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 29x in the Renewable Energy industry in China. Total returns to shareholders of 91% over the past year. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥15.91, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Renewable Energy industry in China. Total returns to shareholders of 167% over the past year. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.21 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¥2.47b (down 13% from 3Q 2020). Net income: CN¥306.4m (up 9.7% from 3Q 2020). Profit margin: 12% (up from 9.8% in 3Q 2020). The increase in margin was driven by lower expenses. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.21 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¥2.47b (down 13% from 3Q 2020). Net income: CN¥306.4m (up 9.7% from 3Q 2020). Profit margin: 12% (up from 9.8% in 3Q 2020). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥16.70, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 19x in the Renewable Energy industry in China. Total returns to shareholders of 218% over the past year. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 34% share price gain to CN¥16.41, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Renewable Energy industry in China. Total returns to shareholders of 183% over the past year. Reported Earnings • Aug 19
Second quarter 2021 earnings released: EPS CN¥0.25 (vs CN¥0.20 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥3.29b (up 17% from 2Q 2020). Net income: CN¥343.5m (up 30% from 2Q 2020). Profit margin: 10% (up from 9.4% in 2Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥10.34, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Renewable Energy industry in China. Total returns to shareholders of 74% over the past year. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥10.05, the stock trades at a trailing P/E ratio of 15.7x. Average forward P/E is 15x in the Renewable Energy industry in China. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.067 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥2.78b (up 11% from 1Q 2020). Net income: CN¥154.9m (up 72% from 1Q 2020). Profit margin: 5.6% (up from 3.6% in 1Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Apr 09
Full year 2020 earnings released: EPS CN¥0.59 (vs CN¥0.19 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥11.3b (up 6.0% from FY 2019). Net income: CN¥801.8m (up 15% from FY 2019). Profit margin: 7.1% (up from 6.5% in FY 2019). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥9.59, the stock trades at a trailing P/E ratio of 38.3x. Average forward P/E is 12x in the Renewable Energy industry in China. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥7.22, the stock is trading at a trailing P/E ratio of 28.9x, up from the previous P/E ratio of 24.6x. This compares to an average P/E of 17x in the Renewable Energy industry in China. Is New 90 Day High Low • Feb 23
New 90-day high: CN¥6.88 The company is up 14% from its price of CN¥6.01 on 25 November 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is flat over the same period. Is New 90 Day High Low • Dec 21
New 90-day high: CN¥6.17 The company is up 12% from its price of CN¥5.53 on 23 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 1.0% 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¥900.8m, up 58% from the prior year. Total revenue was CN¥11.0b over the last 12 months, up 6.8% from the prior year.