Concord New Energy Group Ltd

Chart & Performance

D1W1MN

P/E

3.39

P/S

1.26

EPS

0.12

Div Yield, %

7.95%

Shrs. gr., 5y

-0.81%

Rev. gr., 5y

12.85%

Revenues

2.75b

+6.31%

Net income

805m

-16.46%

CFO

-100.00%

Dividend

Jun 12, 20240.035 HKD/sh

Earnings

Jun 06, 2025

Profile

Concord New Energy Group Limited, an investment holding company, engages in the generation of power in the People's Republic of China and internationally. The company operates through Power Generation, Intelligent Operation and Maintenance, and Others segments. It is involved in the investment, engineering, procurement, construction, operation, and maintenance of wind and solar power plants; and provision of design, technical, and consultancy services. The company also engages in the sale of solar and new energy equipment; design, research, and exploitation of power systems; leasing of equipment; and investment and operation of solar and wind power plants. In addition, it provides finance lease services and energy internet services. The company sells its electric power to external power grid companies. As of December 31, 2021, it had 70 grid-connected wind and photovoltaic power plants with a total installed capacity of approximately 3,708 megawatts, which include 54 wind power plants with an installed capacity of 3,313 megawatts, as well as 16 photovoltaic power plants with an installed capacity of 394 megawatts. The company was formerly known as China Windpower Group Limited and changed its name to Concord New Energy Group Limited in March 2015. The company was founded in 2006 and is based in Admiralty, Hong Kong.

URL

https://www.cnegroup.com/

IPO date

Nov 27, 1991

Employees

2,574

Domiciled in

Incorporated in

Valuation

Order:

Title CNY in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title CNY in thousands, except ratios and share amounts	2024‑12	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	2,752,054 6.31%	2,588,646 -3.39%	2,679,368 22.74%
Cost of revenue	1,593,814	1,593,619	1,529,685
Unusual Expense (Income)
NOPBT	1,158,240	995,027	1,149,683
NOPBT Margin	42.09%	38.44%	42.91%
Operating Taxes	8,803	153,825	227,840
Tax Rate	0.76%	15.46%	19.82%
NOPAT	1,149,437	841,202	921,843
Net income	805,133 -16.46%	963,774 10.55%	871,817 10.70%
Dividends		(278,487)	(231,315)
Dividend yield		5.14%	3.79%
Proceeds from repurchase of equity		(301,001)	(239,451)
BB yield		5.56%	3.92%
Debt
Debt current	2,125,679	1,890,918	2,346,600
Long-term debt	14,976,249	14,958,707	11,817,948
Deferred revenue			15,467
Other long-term liabilities	759,135	1,120,969	745,976
Net debt	12,318,062	11,394,231	8,325,636
Cash flow
Cash from operating activities		1,580,634	2,400,050
CAPEX		(4,195,185)	(4,363,320)
Cash from investing activities		(4,587,639)	(3,771,645)
Cash from financing activities		1,973,670	1,277,304
FCF	630,750	(2,214,377)	(2,144,683)
Balance
Cash	1,749,567	2,599,916	3,609,880
Long term investments	3,034,299	2,855,478	2,229,032
Excess cash	4,646,263	5,325,962	5,704,944
Stockholders' equity	8,906,306	5,771,866	5,267,773
Invested Capital	21,669,002	20,922,739	17,539,141
ROIC	5.40%	4.37%	5.64%
ROCE	4.40%	3.79%	5.02%
EV
Common stock shares outstanding	8,015,101	8,463,532	8,842,591
Price	0.51 -20.31%	0.64 -7.25%	0.69 -15.85%
Market cap	4,087,702 -24.53%	5,416,660 -11.22%	6,101,388 -11.31%
EV	16,597,120	16,963,269	14,690,169
EBITDA	1,158,240	1,728,191	1,741,806
EV/EBITDA	14.33	9.82	8.43
Interest		644,165	546,316
Interest/NOPBT		64.74%	47.52%