Concord New Energy Group Ltd

Chart & Performance

D1W1MN

P/E

3.96

P/S

1.47

EPS

0.12

Div Yield, %

6.85%

Shrs. gr., 5y

-0.81%

Rev. gr., 5y

12.85%

Revenues

2.59b

-3.39%

Net income

964m

+10.55%

CFO

1.58b

-34.14%

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	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	2,588,646 -3.39%	2,679,368 22.74%	2,183,048 9.11%
Cost of revenue	1,593,619	1,529,685	1,223,098
Unusual Expense (Income)
NOPBT	995,027	1,149,683	959,950
NOPBT Margin	38.44%	42.91%	43.97%
Operating Taxes	153,825	227,840	121,733
Tax Rate	15.46%	19.82%	12.68%
NOPAT	841,202	921,843	838,217
Net income	963,774 10.55%	871,817 10.70%	787,534 16.95%
Dividends	(278,487)	(231,315)	(208,857)
Dividend yield	5.14%	3.79%	3.04%
Proceeds from repurchase of equity	(301,001)	(239,451)	4,660,248
BB yield	5.56%	3.92%	-67.74%
Debt
Debt current	1,890,918	2,346,600	1,416,309
Long-term debt	14,958,707	11,817,948	10,261,288
Deferred revenue		15,467	22,330
Other long-term liabilities	1,120,969	745,976	541,364
Net debt	11,394,231	8,325,636	6,307,265
Cash flow
Cash from operating activities	1,580,634	2,400,050	1,293,860
CAPEX	(4,195,185)	(4,363,320)	(3,133,510)
Cash from investing activities	(4,587,639)	(3,771,645)	(1,950,110)
Cash from financing activities	1,973,670	1,277,304	1,890,956
FCF	(2,214,377)	(2,144,683)	(1,188,713)
Balance
Cash	2,599,916	3,609,880	3,520,470
Long term investments	2,855,478	2,229,032	1,849,862
Excess cash	5,325,962	5,704,944	5,261,180
Stockholders' equity	5,771,866	5,267,773	4,518,609
Invested Capital	20,922,739	17,539,141	15,138,224
ROIC	4.37%	5.64%	6.00%
ROCE	3.79%	5.02%	4.87%
EV
Common stock shares outstanding	8,463,532	8,842,591	8,389,959
Price	0.64 -7.25%	0.69 -15.85%	0.82 74.47%
Market cap	5,416,660 -11.22%	6,101,388 -11.31%	6,879,766 59.60%
EV	16,963,269	14,690,169	13,335,644
EBITDA	1,728,191	1,741,806	1,448,528
EV/EBITDA	9.82	8.43	9.21
Interest	644,165	546,316	446,120
Interest/NOPBT	64.74%	47.52%	46.47%