Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Huaqiang Li 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. Tillkännagivande • Mar 18
China Everbright Greentech Limited, Annual General Meeting, May 15, 2026 China Everbright Greentech Limited, Annual General Meeting, May 15, 2026. Location: library, mezzanine floor, grand hyatt hong kong, 1 harbour road, wan chai, Hong Kong Tillkännagivande • Mar 05
China Everbright Greentech Limited to Report Fiscal Year 2025 Results on Mar 18, 2026 China Everbright Greentech Limited announced that they will report fiscal year 2025 results on Mar 18, 2026 Tillkännagivande • Jun 13
China Everbright Greentech Limited Appoints Mao Jing as A Member of the Nomination Committee, Effective June 13, 2025 China Everbright Greentech Limited announces that Ms. MAO Jing, a non-executive Director, has been appointed as a member of the nomination committee of the Company with effect from 13 June 2025. Tillkännagivande • Mar 19
China Everbright Greentech Limited, Annual General Meeting, May 08, 2025 China Everbright Greentech Limited, Annual General Meeting, May 08, 2025. Location: drawing room, mezzanine floor, grand hyatt hong kong, 1 harbour road., wanchai, Hong Kong Tillkännagivande • Mar 05
China Everbright Greentech Limited to Report Fiscal Year 2024 Results on Mar 18, 2025 China Everbright Greentech Limited announced that they will report fiscal year 2024 results on Mar 18, 2025 Tillkännagivande • Sep 27
China Everbright Greentech Limited Announces Board and Committee Changes The board of directors of China Everbright Greentech Limited announced that, due to the age-related reason, Mr. HUANG Haiqing resigned as the non-executive director and chairman of the Board and the chairman of the nomination committee of the Company with effect from 27 September 2024. Mr. HUANG has been a Non-executive Director and Chairman of the Board and the chairman of the Nomination Committee since June 2022. With effect from 27 September 2024, after considering the recommendation of the Nomination Committee, the Board appointed Mr. WANG Silian as the Non-executive Director and Chairman of the Board and the chairman of the Nomination Committee. Mr. WANG was also appointed in place of Mr. HUANG as the executive director and chairman of the board, the chairman of the nomination committee and a member of the remuneration committee of China Everbright Environment Group Limited, a controlling shareholder of the Company which is listed on the Main Board of the Stock Exchange. Mr. WANG Silian, aged 51, prior to joining the Group, Mr. WANG was the vice chairman and president of China CYTS Tours Holding Co. Ltd. and the chairman of Bravolinks Integrated Marketing Co. Ltd. both of which are connected persons of the Company. He was also the deputy general manager of the Human Resources Department of China Everbright Bank Company Limited, a subsidiary of China Everbright Group Ltd., which is an indirect controlling shareholder of the Company. Mr. WANG holds a master degree in military science from the Dalian Naval Academy of the People's Liberation Army Navy. Upcoming Dividend • Sep 10
Upcoming dividend of HK$0.014 per share Eligible shareholders must have bought the stock before 17 September 2024. Payment date: 15 October 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (3.7%). Declared Dividend • Aug 19
Dividend of HK$0.014 announced Shareholders will receive a dividend of HK$0.014. Ex-date: 17th September 2024 Payment date: 15th October 2024 Dividend yield will be 21%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. Reported Earnings • Aug 19
First half 2024 earnings released: EPS: HK$0.07 (vs HK$0.13 in 1H 2023) First half 2024 results: EPS: HK$0.07 (down from HK$0.13 in 1H 2023). Revenue: HK$3.51b (down 8.2% from 1H 2023). Net income: HK$143.9m (down 46% from 1H 2023). Profit margin: 4.1% (down from 6.9% in 1H 2023). Revenue is forecast to grow 3.3% 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, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Tillkännagivande • Aug 16
China Everbright Greentech Limited Announces Interim Dividend for the Six Months Ended June 30, 2024, Payable on October 15, 2024 China Everbright Greentech Limited announced interim dividend of HKD 0.014 per share for the six months ended June 30, 2024. Ex-dividend date is September 18, 2024. Record date is September 24, 2024. Payment date is October 15, 2024. Tillkännagivande • Jul 26
China Everbright Greentech Limited to Report First Half, 2024 Results on Aug 16, 2024 China Everbright Greentech Limited announced that they will report first half, 2024 results on Aug 16, 2024 Buy Or Sell Opportunity • Jul 01
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 9.3% to €0.076. The fair value is estimated to be €0.062, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jun 28
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 8.7% to €0.075. The fair value is estimated to be €0.061, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • May 10
Now 22% overvalued Over the last 90 days, the stock has fallen 7.2% to €0.077. The fair value is estimated to be €0.064, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Apr 21
Full year 2023 earnings released: HK$0.15 loss per share (vs HK$0.17 profit in FY 2022) Full year 2023 results: HK$0.15 loss per share (down from HK$0.17 profit in FY 2022). Revenue: HK$7.42b (down 7.8% from FY 2022). Net loss: HK$301.7m (down 189% from profit in FY 2022). Revenue is forecast to stay flat during the next 2 years, in line with the revenue forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Apr 12
Now 20% overvalued Over the last 90 days, the stock has fallen 25% to €0.076. The fair value is estimated to be €0.063, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Mar 26
Now 27% overvalued Over the last 90 days, the stock has fallen 7.8% to €0.095. The fair value is estimated to be €0.075, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company became loss making. Tillkännagivande • Mar 16
China Everbright Greentech Limited, Annual General Meeting, May 14, 2024 China Everbright Greentech Limited, Annual General Meeting, May 14, 2024. Location: Salon I & II, Mezzanine Floor, Grand Hyatt Hong Kong 1 Harbour Road, Wan Chai, Wan Chai Hong Kong Reported Earnings • Mar 15
Full year 2023 earnings released: HK$0.15 loss per share (vs HK$0.17 profit in FY 2022) Full year 2023 results: HK$0.15 loss per share (down from HK$0.17 profit in FY 2022). Revenue: HK$7.42b (down 7.8% from FY 2022). Net loss: HK$301.7m (down 189% from profit in FY 2022). Revenue is forecast to stay flat during the next 2 years compared to a 11% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance. Tillkännagivande • Mar 02
China Everbright Greentech Limited to Report Fiscal Year 2023 Results on Mar 15, 2024 China Everbright Greentech Limited announced that they will report fiscal year 2023 results on Mar 15, 2024 Buy Or Sell Opportunity • Mar 01
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.6% to €0.078. The fair value is estimated to be €0.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.6% over the last 3 years. Earnings per share has declined by 52%. Revenue is forecast to decline by 3.8% in 2 years. Earnings are forecast to grow by 84% in the next 2 years. Tillkännagivande • Feb 29
China Everbright Greentech Limited Announces Resignation of GUO Ying as Non-Executive Director The board of directors of China Everbright Greentech Limited announced that, Ms. GUO Ying (‘Ms. GUO’) has reached the retirement age and resigned from the position of the non-executive director of the Company with effect from 29 February 2024. Ms. GUO has confirmed that she has no disagreement with the Board, and save as disclosed in this announcement, there are no other matters relating to Ms. GUO that need to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited (the ‘Stock Exchange’). As at the date of this announcement, the members of the Board comprise: Mr. HUANG Haiqing (Chairman, Non-executive Director); Mr. ZHU Fugang (Chief Executive Officer, Executive Director); Mr. LO Kam Fan (Chief Financial Officer, Executive Director); Mr. SONG Jian (Non-executive Director); Mr. CHOW Siu Lui (Independent Non-executive Director); Prof. YAN Houmin (Independent Non-executive Director); Mr. LI Huaqiang (Independent Non-executive Director). Upcoming Dividend • Sep 05
Upcoming dividend of HK$0.025 per share at 5.7% yield Eligible shareholders must have bought the stock before 12 September 2023. Payment date: 09 October 2023. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 5.7%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.6%). New Risk • Aug 14
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: 4.0% 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 Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.7% average weekly change). Profit margins are more than 30% lower than last year (3.0% net profit margin). Reported Earnings • Aug 13
First half 2023 earnings released: EPS: HK$0.13 (vs HK$0.18 in 1H 2022) First half 2023 results: EPS: HK$0.13 (down from HK$0.18 in 1H 2022). Revenue: HK$3.82b (down 9.5% from 1H 2022). Net income: HK$263.9m (down 29% from 1H 2022). Profit margin: 6.9% (down from 8.8% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Tillkännagivande • Aug 12
China Everbright Greentech Limited Announces Interim Dividend for the Six Months Ended 30 June 2023, Payable on 9 October 2023 China Everbright Greentech Limited announced interim dividend of HKD 0.025 per share for the six months ended 30 June 2023. Ex-dividend date is 12 September 2023. Record date is 18 September 2023. Payment date is 9 October 2023. Tillkännagivande • Jul 24
China Everbright Greentech Limited to Report First Half, 2023 Results on Aug 11, 2023 China Everbright Greentech Limited announced that they will report first half, 2023 results on Aug 11, 2023 New Risk • Jul 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.3% 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 (1.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (4.2% net profit margin). Reported Earnings • Mar 25
Full year 2022 earnings released: EPS: HK$0.17 (vs HK$0.54 in FY 2021) Full year 2022 results: EPS: HK$0.17 (down from HK$0.54 in FY 2021). Revenue: HK$8.05b (down 4.7% from FY 2021). Net income: HK$340.2m (down 69% from FY 2021). Profit margin: 4.2% (down from 13% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10.0% decline forecast for the Renewable Energy industry in Germany. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Buying Opportunity • Nov 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be €0.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 18%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 31% in the next 2 years. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Philip Tsao was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Aug 31
Upcoming dividend of HK$0.036 per share Eligible shareholders must have bought the stock before 07 September 2022. Payment date: 05 October 2022. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 4.4%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.8%). Reported Earnings • Aug 10
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down HK$702.0m from profit in 1H 2021). Profit margin: (down from 16% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 8.0% compared to a 14% decline forecast for the industry in Germany. Upcoming Dividend • May 12
Upcoming dividend of HK$0.04 per share Eligible shareholders must have bought the stock before 19 May 2022. Payment date: 10 June 2022. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.2%). Higher than average of industry peers (1.8%). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Philip Tsao was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 09
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: HK$0.54 (down from HK$0.73 in FY 2020). Revenue: HK$8.45b (down 14% from FY 2020). Net income: HK$1.11b (down 26% from FY 2020). Profit margin: 13% (down from 15% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 6.8% compared to a 32% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Aug 31
Upcoming dividend of HK$0.07 per share Eligible shareholders must have bought the stock before 07 September 2021. Payment date: 04 October 2021. Trailing yield: 5.2%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (3.6%). Reported Earnings • Aug 11
First half 2021 earnings released: EPS HK$0.34 (vs HK$0.40 in 1H 2020) The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: HK$4.32b (up 1.7% from 1H 2020). Net income: HK$702.0m (down 15% from 1H 2020). Profit margin: 16% (down from 19% in 1H 2020). The decrease in margin was driven by higher expenses. 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 32% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 17
Upcoming dividend of HK$0.07 per share Eligible shareholders must have bought the stock before 24 May 2021. Payment date: 11 June 2021. Trailing yield: 4.7%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (3.9%). Reported Earnings • Apr 03
Full year 2020 earnings released: EPS HK$0.73 (vs HK$0.79 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: HK$9.84b (up 6.0% from FY 2019). Net income: HK$1.50b (down 7.3% from FY 2019). Profit margin: 15% (down from 18% 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 25% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 06
Full year 2020 earnings released: EPS HK$0.73 (vs HK$0.79 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: HK$9.84b (up 6.0% from FY 2019). Net income: HK$1.50b (down 7.3% from FY 2019). Profit margin: 15% (down from 18% 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 27% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Mar 06
Revenue misses expectations Revenue missed analyst estimates by 0.1%. Over the next year, revenue is forecast to grow 6.3%, compared to a 28% growth forecast for the Renewable Energy industry in Germany. Is New 90 Day High Low • Jan 15
New 90-day high: €0.40 The company is up 11% from its price of €0.36 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Renewable Energy industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.93 per share. Is New 90 Day High Low • Dec 12
New 90-day low: €0.31 The company is down 5.0% from its price of €0.33 on 11 September 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.44 per share. Is New 90 Day High Low • Oct 29
New 90-day low: €0.31 The company is down 18% from its price of €0.38 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.39 per share. Is New 90 Day High Low • Sep 29
New 90-day low: €0.32 The company is down 5.0% from its price of €0.34 on 01 July 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.39 per share.