CECEP Solar Energy Co.,Ltd.

000591.SZ

000591.SZCECEP Solar Energy Co.,Ltd.

Shenzhen

4.03

CNY

-0.04

(-0.98%)

0.38EPS

10.61P/E

15.93BMarket Cap

Oct 24Next Earn

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CECEP Solar Energy Co.,Ltd.

000591.SZ

(Shenzhen)

Recent

price

4.03

P/E

ratio

10.61

div

yld

3.72%

ROIC.AI

Legends:

Stock price

Beta (1.0 Market)

% total return 09/15

Stock

S&P500

-33.28

26.76

-56.20

25.48

20.30

87.24

2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	TTM
5.78	6.34	7.19	7.93	7.79	7.67	2.24	2.27	1.59	1.73	1.68	1.67	1.76	2.34	2.73	2.44	2.24	Revenue per Share
0.04	0.03	0.03	0.02	0.05	0.05	0.25	0.3	0.24	0.27	0.29	0.3	0.34	0.4	0.41	0.4	0.38	Basic EPS, GAAP
0.26	0.04	0.02	0.06	0.21	-0.2	-1.7	-1.6	-0.99	-0.36	0.13	-0.2	0.21	0.42	0.86	-0.21	-0.99	Free Cash Flow per Basic Share
0.03	0.02	0.01	0.08	0.06	0.05	0.31	0.5	0.21	0.25	0.31	0.39	0.42	0.43	0.36	0.28	0.15	Dividend per Share
0.47	0.5	0.52	0.51	0.55	0.6	0.96	1.42	1.18	1.78	1.98	2.16	2.38	2.64	2.88	2.75	2.81	Book Value per Share
0.53	0.57	0.72	0.68	0.61	0.66	3.37	3.64	4.07	3.95	4.16	4.3	4.54	4.79	6.3	5.75	5.83	Tangible Book Value per Share
604	604	604	603	604	604	1,589	1,600	2,733	3,002	3,004	3,006	3,008	3,007	3,383	3,909	3,910	Basic Weighted Avg Shares
3,490	3,828	4,344	4,783	4,708	4,635	3,552	3,630	4,333	5,205	5,037	5,011	5,305	7,027	9,236	9,540	8,751	Sales/Revenue/Turnover
0.72	0.47	0.61	0.99	1.45	1.35	21.57	27.73	27.16	29.71	34.02	42.02	42	35.5	26.45	27.46	28.53	Operating Margin (%)
32	33	40	42	45	53	389	528	653	868	990	1,160	1,251	1,373	1,434	1,397	- -	Depreciation Expense
22	20	17	10	30	33	390	473	653	805	862	911	1,028	1,189	1,388	1,579	1,494	Net Income, GAAP
23.64	24.3	24.94	74.26	39.55	30.09	4.13	6.38	6.86	4.66	6.75	9.94	13.65	13.93	16.28	17.51	18.46	Effective Tax Rate (%)
0.62	0.52	0.4	0.22	0.65	0.71	10.98	13.02	15.07	15.46	17.12	18.18	19.38	16.92	15.03	16.55	17.08	Profit Margin (%)
-99	-63	-38	-132	-390	-338	-776	-569	2,130	1,037	750	1,709	5,168	6,073	10,403	8,158	8,433	Working Capital
7	36	- -	20	12	73	5,802	8,756	10,472	12,191	12,487	15,595	19,168	18,080	15,909	15,488	16,531	LT Debt
421	442	531	513	532	561	5,751	6,219	11,521	12,249	12,874	13,467	14,165	14,916	21,842	22,998	23,297	Total Equity
2.77	2.14	2.73	1.3	3.88	4.04	10.13	6.17	5.36	5.82	5.72	6.12	5.55	5.87	5.16	5.07	4.8	Return on Invested Capital (%)
7.43	5.28	4.71	3.4	7.99	6.17	7.96	8.21	7.89	8.05	7.44	7.16	6.76	6.87	6.91	6.92	6.58	Return on Capital (%)
8.58	6.77	5.63	3.38	9.53	9.52	41.21	24.84	23.71	18.79	15.3	14.64	15.05	15.76	15.71	15.42	14.15	Return on Common Equity (%)

Capital Structure

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in mil. unless spec.

Working Capital

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in mil. unless spec.

Growth Rates

FRC

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in mil. unless spec.

(avg. rate of change)	10 years	5 years	1 year
Sales/Revenue/Turnover	8.76%	14.51%	3.29%
Net Income, GAAP	123.16%	12.93%	13.75%
Free Cash Flow	153.29%	-70.58%	-128.02%
Total Cash Common Dividend	176.48%	3.77%	-10.39%
Total Equity	109.76%	13.36%	5.29%

Growth Rates

•

in mil. unless spec.

Quarterly Revenue

•

in mil. unless spec.

Quarterly Earnings Per Share

•

in mil. unless spec.

Quarterly Dividends Per Share

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in mil. unless spec.

Business: CECEP Solar Energy Co.,Ltd. engages in the research and development, manufacture, and sale of photovoltaic products. The company engages in the technology research and development, manufacture, and sale of monocrystalline silicon products, and polycrystalline silicon battery and components. It also generates and sells solar energy; provides solar energy generation planning, technology research and development, design consultation, integration, and operation maintenance services, as well as after-sale service; invests in, constructs, operates, maintains, and manages solar energy generation projects; and other related business, as well as manufactures generating system devices. The company was founded in 2009 and is based in Beijing, China. CECEP Solar Energy Co.,Ltd. operates as a subsidiary of China Energy Conservation and Environmental Protection Group Co., Ltd.

2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	TTM
5.78	6.34	7.19	7.93	7.79	7.67	2.24	2.27	1.59	1.73	1.68	1.67	1.76	2.34	2.73	2.44	2.24	Revenue per Share
0.04	0.03	0.03	0.02	0.05	0.05	0.25	0.3	0.24	0.27	0.29	0.3	0.34	0.4	0.41	0.4	0.38	Basic EPS, GAAP
0.26	0.04	0.02	0.06	0.21	-0.2	-1.7	-1.6	-0.99	-0.36	0.13	-0.2	0.21	0.42	0.86	-0.21	-0.99	Free Cash Flow per Basic Share
0.03	0.02	0.01	0.08	0.06	0.05	0.31	0.5	0.21	0.25	0.31	0.39	0.42	0.43	0.36	0.28	0.15	Dividend per Share
0.47	0.5	0.52	0.51	0.55	0.6	0.96	1.42	1.18	1.78	1.98	2.16	2.38	2.64	2.88	2.75	2.81	Book Value per Share
0.53	0.57	0.72	0.68	0.61	0.66	3.37	3.64	4.07	3.95	4.16	4.3	4.54	4.79	6.3	5.75	5.83	Tangible Book Value per Share
604	604	604	603	604	604	1,589	1,600	2,733	3,002	3,004	3,006	3,008	3,007	3,383	3,909	3,910	Basic Weighted Avg Shares
3,490	3,828	4,344	4,783	4,708	4,635	3,552	3,630	4,333	5,205	5,037	5,011	5,305	7,027	9,236	9,540	8,751	Sales/Revenue/Turnover
0.72	0.47	0.61	0.99	1.45	1.35	21.57	27.73	27.16	29.71	34.02	42.02	42	35.5	26.45	27.46	28.53	Operating Margin (%)
32	33	40	42	45	53	389	528	653	868	990	1,160	1,251	1,373	1,434	1,397	- -	Depreciation Expense
22	20	17	10	30	33	390	473	653	805	862	911	1,028	1,189	1,388	1,579	1,494	Net Income, GAAP
23.64	24.3	24.94	74.26	39.55	30.09	4.13	6.38	6.86	4.66	6.75	9.94	13.65	13.93	16.28	17.51	18.46	Effective Tax Rate (%)
0.62	0.52	0.4	0.22	0.65	0.71	10.98	13.02	15.07	15.46	17.12	18.18	19.38	16.92	15.03	16.55	17.08	Profit Margin (%)
-99	-63	-38	-132	-390	-338	-776	-569	2,130	1,037	750	1,709	5,168	6,073	10,403	8,158	8,433	Working Capital
7	36	- -	20	12	73	5,802	8,756	10,472	12,191	12,487	15,595	19,168	18,080	15,909	15,488	16,531	LT Debt
421	442	531	513	532	561	5,751	6,219	11,521	12,249	12,874	13,467	14,165	14,916	21,842	22,998	23,297	Total Equity
2.77	2.14	2.73	1.3	3.88	4.04	10.13	6.17	5.36	5.82	5.72	6.12	5.55	5.87	5.16	5.07	4.8	Return on Invested Capital (%)
7.43	5.28	4.71	3.4	7.99	6.17	7.96	8.21	7.89	8.05	7.44	7.16	6.76	6.87	6.91	6.92	6.58	Return on Capital (%)
8.58	6.77	5.63	3.38	9.53	9.52	41.21	24.84	23.71	18.79	15.3	14.64	15.05	15.76	15.71	15.42	14.15	Return on Common Equity (%)

	Dec'23	Mar'24	Jun'24
ST Debt	4,558	3,896	3,970
LT Borrowings	14,437	15,042	15,492
LT Finance Leases	1,051	1,048	1,039
Preferred Equity and Hybrid Capital	- -	- -	- -
Shares Outstanding	3,909	3,912	3,914
Market Capitalization	21,148	19,900	17,828

	Dec'23	Mar'24	Jun'24
Total Current Assets	16,121	15,508	15,947
Accounts Receivable, Net	11,506	11,819	12,684
Cash, Cash Equivalents & STI	3,986	2,780	2,612
Inventories	310	399	248
Total Current Liabilities	7,963	6,900	7,514
Payables & Accruals	- -	- -	- -
ST Debt	4,558	3,896	3,970
Deferred Revenue	- -	- -	- -

Year	Q1	Q2	Q3	Q4	FY
2022	1,396	2,140	2,353	3,347	9,236
2023	1,707	2,325	2,412	3,096	9,540
2024	1,411	1,833	- -	- -	- -

Year	Q1	Q2	Q3	Q4	FY
2022	0.07	- -	- -	- -	0.36
2023	0.05	- -	- -	- -	0.28
2024	0.04	- -	- -	- -	- -

Year	Q1	Q2	Q3	Q4	FY
2022	0.09	- -	- -	- -	0.41
2023	0.1	- -	- -	- -	0.4
2024	0.09	- -	- -	- -	- -

CECEP Solar Energy Co.,Ltd.

Growth Rates

(avg. rate of change)

Growth Rates

(avg. rate of change)

Capital Structure

Working Capital

Quarterly Dividends Per Share

Year

Quarterly Revenue

Year

Quarterly Earnings Per Share

Year