1. People's Republic of China Stocks

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    Renewable Utilities
Tunghsu Azure Renewable Energy Co.,Ltd.

Tunghsu Azure Renewable Energy Co.,Ltd.

000040.SZ
Tunghsu Azure Renewable Energy Co.,Ltd.CN flagShenzhen Stock Exchange
0.86
CNY
- -
- -
1.28BMarket Cap
Tunghsu Azure Renewable Energy Co.,Ltd.
000040.SZ
(Shenzhen Stock Exchange)

Recent

price

0.86

P/E

ratio

- -

div

yld

- -

ROIC.AI

2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
TTM
FRC
0.67
1.52
1.7
1.75
1.82
1.74
2.14
3.49
4.09
6.13
6.43
4.58
2.33
2.61
2.04
1
0.51
Revenue per Share
-0.24
0.14
0.21
0.3
0.41
0.22
0.11
0.13
0.19
0.41
0.83
-0.64
-0.69
-0.4
-0.21
-0.12
-0.24
Basic EPS, GAAP
-0.59
0.44
1.14
-0.92
-0.7
-1.02
-0.14
0.33
-3.81
-1.29
-5.6
-0.49
0.11
-0.03
0.43
0.19
-0.03
Free Cash Flow per Basic Share
0.09
0.12
0.05
0.02
0.06
0.23
0.26
0.24
0.58
0.25
0.44
0.47
0.13
0.03
0.06
0.05
0.1
Dividend per Share
0.26
0.42
0.72
1.27
1.59
1.74
1.69
1.79
2.05
1.82
2.66
1.55
0.86
0.46
0.26
0.14
0.05
Book Value per Share
1.56
1.87
1.68
2.05
2.43
2.64
2.6
2.74
11.85
8.16
9.96
8.26
7.58
7.3
7.14
7.04
6.95
Tangible Book Value per Share
478
460
458
467
473
468
483
477
923
1,327
1,350
1,487
1,487
1,487
1,487
1,487
1,486
Basic Weighted Avg Shares
319
697
777
817
861
815
1,037
1,666
3,774
8,131
8,676
6,806
3,471
3,877
3,036
1,489
762
Sales/Revenue/Turnover
-20.34
-1.01
13.52
15.88
25.62
17.87
10.11
12.15
8.45
9.35
9.6
8.18
7.1
15.32
11.6
12.89
13.74
Operating Margin (%)
63
52
45
21
17
15
11
11
9
67
281
358
384
388
398
411
- -
Depreciation Expense
-115
64
96
140
194
103
53
62
175
544
1,118
-957
-1,021
-590
-308
-176
-354
Net Income, GAAP
- -
24.87
28.01
38.04
28.69
38.71
43.54
39.1
23.88
6.1
17.99
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-35.95
9.24
12.39
17.14
22.53
12.64
5.13
3.73
4.65
6.69
12.88
-14.06
-29.41
-15.23
-10.15
-11.81
-46.44
Profit Margin (%)
314
383
311
434
920
1,781
1,268
3,063
9,466
10,033
7,929
4,815
3,107
1,870
3,622
2,444
3,094
Working Capital
288
340
222
- -
221
865
297
2,130
2,643
5,638
4,024
3,288
2,727
2,115
3,637
2,748
3,319
LT Debt
955
1,016
883
986
1,165
1,252
1,269
1,326
10,964
11,559
14,556
13,303
12,195
11,582
11,262
11,101
10,962
Total Equity
- -
-0.31
5
6.59
10.69
4.14
2.25
3.36
2.47
4.06
3.11
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
10.69
14.25
21.85
21.75
7.48
3.96
3.24
6.77
9.85
13.66
- -
- -
- -
- -
- -
- -
Return on Capital (%)
-64.58
40.54
37.06
30.34
28.8
13.13
6.51
7.43
12.78
25.26
37.24
-32.52
-57.04
-59.98
-57.69
-60.3
-142.06
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'24
Sep'24
ST Debt
5,250
5,269
4,283
LT Borrowings
2,524
2,484
3,100
LT Finance Leases
220
221
220
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,487
1,487
1,487
Market Capitalization
4,637
3,582
1,962

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'24
Sep'24
Total Current Assets
11,166
11,141
10,831
Cash, Cash Equivalents & STI
3,090
3,081
3,065
Accounts Receivable, Net
3,042
3,058
2,992
Inventories
88
88
103
Total Current Liabilities
8,712
8,709
7,737
Payables & Accruals
- -
- -
- -
ST Debt
5,250
5,269
4,283
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
73.81%
-5.23%
-1.43%
Free Cash Flow
-461.3%
-428.04%
-55.92%
Net Income, GAAP
15.48%
-62.37%
-42.94%
Sales/Revenue/Turnover
20.51%
-26.3%
-50.94%
Total Cash Common Dividend
37.01%
-8.38%
-14.01%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
679
1,046
1,011
300
3,036
2023
584
573
369
-36
1,489
2024
231
310
257
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
-0.04
- -
- -
- -
-0.21
2023
0.01
- -
- -
- -
-0.12
2024
-0.01
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
0.01
- -
- -
- -
0.06
2023
0.01
- -
- -
- -
0.05
2024
0.01
- -
- -
- -
- -
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Business
Tunghsu Azure Renewable Energy Co., Ltd. (000040.SZ) operates as a Chinese renewable energy company focused on green industries through its integrated model of intelligent energy and environmental governance. The company develops and operates solar photovoltaic and wind power plants with grid-connected capacity exceeding 1GW, EPC engineering totaling over 1GW, self-operated stations surpassing 1GW, and high-end photovoltaic module sales above 1GW; it manufactures high-end photovoltaic modules with annual capacity up to 1GW, including intelligent operation and maintenance robots; and provides smart energy services encompassing multi-energy complementary solutions, integrated distribution and sales, combined cooling heating and power supply, ecological management, water environment restoration and operation, soil restoration, mine remediation, and hazardous waste treatment. Founded in 1950 and headquartered in Shenzhen, China, with operations extending internationally to countries including Cambodia, Myanmar, the Philippines, and Pakistan, it previously operated as Baoan Hongji Real Estate Group Co., Ltd. before renaming in July 2016 to reflect its strategic pivot to renewables. Recent developments include facing delisting from the Shenzhen Stock Exchange effective April 30, 2025, after regulatory warnings, reporting a net loss of CNY -176 million on CNY 1.49 billion revenue for FY 2023 amid high debt of CNY 7.96 billion, and notices in July 2024 regarding non-operational funding occupation.