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Shandong Hi-Speed New Energy Group Limited
(1250)
Shandong Hi-Speed New Energy Group Limited (1250) vs. iShares MSCI Hong Kong ETF (EWH)
Shandong Hi-Speed New Energy Group Limited Business Overview & Revenue Model
Shandong Hi-Speed New Energy Group Limited Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 4.42B | 4.96B | 5.30B | 6.02B | 5.55B | Gross Profit |
| 2.02B | 2.41B | 2.56B | 2.58B | 2.66B | EBIT |
| 1.67B | 1.92B | 2.01B | 1.14B | 2.30B | EBITDA |
| 3.31B | 4.15B | 3.64B | 2.89B | 3.50B | Net Income Common Stockholders |
| 284.24M | 378.20M | 258.24M | -288.83M | 763.69M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 4.20B | 5.43B | 4.05B | 1.72B | 2.52B | Total Assets |
| 48.40B | 54.71B | 52.03B | 54.87B | 57.13B | Total Debt |
| 26.56B | 31.86B | 31.10B | 32.17B | 30.71B | Net Debt |
| 22.92B | 26.97B | 27.46B | 31.03B | 28.19B | Total Liabilities |
| 29.05B | 35.41B | 36.94B | 42.79B | 44.00B | Stockholders Equity |
| 13.23B | 14.39B | 14.56B | 11.25B | 10.74B |
| Cash Flow | Free Cash Flow | |||
| 0.00 | 356.53M | 2.70B | 867.33M | -755.53M | Operating Cash Flow |
| 0.00 | 2.00B | 3.66B | 2.29B | 1.62B | Investing Cash Flow |
| 0.00 | -2.57B | -1.38B | -2.52B | -2.85B | Financing Cash Flow |
| 0.00 | 1.94B | 349.56M | -1.21B | -185.04M |
Shandong Hi-Speed New Energy Group Limited Technical Analysis
Shandong Hi-Speed New Energy Group Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | €17.82B | 8.54 | 10.34% | 4.93% | -3.87% | -16.87% | |
73 Outperform | HK$27.82B | 9.92 | 8.07% | 5.35% | -6.73% | -21.61% | |
67 Neutral | $112.97B | 9.19 | 7.93% | 3.59% | -7.20% | -9.40% | |
65 Neutral | HK$2.77B | 30.00 | 1.64% | 7.94% | 23.69% | 92.69% | |
64 Neutral | $8.58B | 10.36 | 4.24% | 4.64% | 4.07% | -13.04% | |
57 Neutral | HK$3.75B | 13.20 | 2.06% | ― | -10.89% | -24.84% | |
51 Neutral | $24.49B | ― | -11.91% | ― | -56.32% | -272.70% |
Shandong Hi-Speed New Energy Group Limited Corporate Events
Shandong Hi-Speed New Energy Group Limited announced a significant increase in power generation for January 2025, with a total of approximately 529,894 MWh generated, marking an 8.9% rise compared to the same period in 2024. This growth was driven by a 16.3% increase in wind power generation, despite a slight decline in photovoltaic power output. The announcement highlights the company’s expanding footprint in the renewable energy sector and its commitment to enhancing energy production capabilities.
Shandong Hi-Speed New Energy Group Limited has announced its upcoming annual general meeting scheduled for June 5, 2025, where key resolutions will be discussed. These include the re-election of directors, re-appointment of auditors, and authorization for the board to manage share allotments. This meeting is crucial for the company’s governance and operational strategies, potentially impacting its market positioning and stakeholder interests.
Shandong Hi-Speed New Energy Group Limited, through its wholly-owned subsidiary Yangzhou SHNE, has entered into an EPC contract with Zhengchen Technology for a photovoltaic project in Yangzhou City. The contract, valued at RMB17,532,779.55, involves Zhengchen Technology providing comprehensive EPC services including design, procurement, construction, and commissioning. This transaction, while subject to certain reporting requirements under Hong Kong’s Listing Rules, does not require independent shareholders’ approval, reflecting the company’s strategic move to enhance its renewable energy portfolio.
Shandong Hi-Speed New Energy Group Limited reported a 4.9% increase in power generation for December 2024 compared to the previous year, totaling approximately 451,835 MWh. For the entire year, the company’s power generation rose by 13.4%, reaching approximately 6,402,635 MWh. Despite a slight decrease in operating power generation for December, the annual figure showed a 4.6% increase. This growth in power generation underscores the company’s strengthening position in the renewable energy market, potentially benefiting stakeholders by enhancing operational capacity and market competitiveness.
Shandong Hi-Speed New Energy Group Limited reported a significant increase in profit for the year ending December 31, 2024, with a 32% rise to approximately RMB462.8 million. The company successfully reduced its finance costs by replacing high-cost financing with more affordable options and advanced repayment of overseas borrowings, despite increased costs from new power plant acquisitions and clean energy business development. The EBITDA saw a marginal increase, while the debt ratio was reduced to 60%, indicating improved financial stability. The company chose not to declare a final dividend for the year, maintaining a strong cash reserve for future business development.
Shandong Hi-Speed New Energy Group Limited announced a change in its executive leadership and sustainability committee composition, effective February 28, 2025. Mr. Sun Qingwei resigned from his roles, and Mr. Liu Zhijie has been appointed as the new executive director and authorized representative. Mr. Liu brings extensive experience in financial management and overseas business, which is expected to bolster the company’s strategic objectives and growth momentum.
Shandong Hi-Speed New Energy Group Limited has announced the composition of its board of directors and the roles within various board committees. This announcement outlines the leadership structure, which is crucial for stakeholders to understand the governance and strategic direction of the company, potentially impacting its operational effectiveness and industry positioning.
Shandong Hi-Speed New Energy Group Limited has announced a change in the presentation currency of its consolidated financial statements from Hong Kong dollars to Renminbi. This shift aligns with the company’s major business and asset transactions, which are primarily conducted in RMB within Mainland China. The change is expected to provide a clearer financial performance picture to shareholders and investors, with retrospective application to ensure consistency in financial reporting. The company assures that this currency change will not materially impact the financial statements.
Shandong Hi-Speed New Energy Group Limited has announced the composition of its board of directors and the roles within its various committees. This update includes the appointment of members to the Audit, Nomination, Remuneration, and Sustainability Committees, potentially impacting the company’s governance and strategic direction.
The announcement details the conclusion of a mandatory unconditional cash offer by Huatai Financial Holdings on behalf of Shandong Hi-Speed Holdings Group Limited to acquire all issued shares and cancel outstanding share options of Shandong Hi-Speed New Energy Group Limited. The offer, which closed on February 18, 2025, resulted in 13 valid acceptances, covering approximately 3.69% of the company’s issued share capital, totaling a consideration of HK$147,626,991.36. The settlement process follows the guidelines of the Takeovers Code, with remittances to be dispatched to shareholders within seven business days.