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China Everbright Greentech Ltd.
(1257)
China Everbright Greentech Ltd. (1257) vs. S&P 500 (SPY)
China Everbright Greentech Ltd. Business Overview & Revenue Model
China Everbright Greentech Ltd. Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 7.59B | 8.05B | 8.45B | 9.84B | 9.28B | Gross Profit |
| 1.72B | 1.68B | 2.35B | 3.01B | 2.80B | EBIT |
| 1.11B | 1.38B | 1.99B | 2.69B | 2.48B | EBITDA |
| 1.45B | 2.19B | 2.78B | 3.08B | 2.87B | Net Income Common Stockholders |
| -301.71M | 356.15M | 1.11B | 1.50B | 1.62B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 2.33B | 1.93B | 2.48B | 2.51B | 2.71B | Total Assets |
| 39.76B | 39.16B | 40.54B | 35.26B | 26.26B | Total Debt |
| 23.17B | 20.76B | 20.58B | 16.94B | 11.11B | Net Debt |
| 20.86B | 18.86B | 18.09B | 14.44B | 8.42B | Total Liabilities |
| 27.40B | 25.62B | 26.39B | 22.40B | 15.67B | Stockholders Equity |
| 12.08B | 13.19B | 13.76B | 12.52B | 10.35B |
| Cash Flow | Free Cash Flow | |||
| -1.49B | -1.97B | -2.39B | -4.05B | -4.14B | Operating Cash Flow |
| -125.60M | -419.78M | 426.69M | -887.85M | -137.72M | Investing Cash Flow |
| -1.38B | -1.59B | -2.80B | -3.26B | -4.28B | Financing Cash Flow |
| 1.97B | 1.62B | 2.27B | 3.81B | 5.10B |
China Everbright Greentech Ltd. Technical Analysis
China Everbright Greentech Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | €9.34B | 8.81 | 7.85% | 6.73% | -9.43% | 4.26% | |
71 Outperform | HK$1.10B | 0.28 | 49.31% | ― | -3.99% | ― | |
68 Neutral | $37.73B | 10.34 | 8.59% | 4.72% | 20.21% | 23.24% | |
63 Neutral | $8.48B | 11.84 | 5.32% | 4.35% | 3.04% | -11.46% | |
55 Neutral | €11.50B | 13.27 | 9.51% | 1.80% | -15.70% | -13.49% | |
42 Neutral | HK$1.51B | ― | -3.98% | 1.92% | -5.93% | -37.74% |
China Everbright Greentech Ltd. Corporate Events
China Everbright Greentech Limited has announced an extraordinary general meeting to approve the New 2025 Electricity Sales Framework Agreement and its associated transactions and annual caps for the years 2025 to 2027. Additionally, the company seeks approval for the Ratification and the Supplemental 2022 Deposit Services Master Agreement, indicating a strategic move to strengthen its financial and operational frameworks.
China Everbright Greentech Ltd. announced that it exceeded its annual cap for the 2022 Deposit Services Master Agreement due to early loan repayments to CE Bank. The company attributed this breach to personnel changes and insufficient communication within its finance department. In response, the company has implemented additional measures, including training for its directors and finance team, to ensure future compliance with the Listing Rules and prevent similar incidents.
China Everbright Greentech Ltd. announced a revision of the existing annual cap for its continuing connected transactions under the Underwriting and Advisory Services Master Agreement with CE Group. The revision, made through a supplemental agreement, does not alter other terms and conditions of the original agreement. This change is subject to reporting and annual review requirements but is exempt from circular and independent shareholders’ approval under Hong Kong’s Listing Rules, indicating a strategic move to align with regulatory compliance while maintaining operational continuity.
China Everbright Greentech Limited has announced its upcoming annual general meeting scheduled for May 8, 2025, in Hong Kong. Key agenda items include the review of the company’s financial statements for 2024, the re-election of directors, and the reappointment of KPMG as auditors. Additionally, the meeting will consider resolutions to authorize the board to issue new shares, potentially impacting the company’s capital structure and market activities.
China Everbright Greentech Limited announced a change in its company secretary and alternate authorised representative roles, effective April 22, 2025. Ms. CHOW Wing Man will resign, and Ms. KWONG Anita Wai Ni, with extensive experience in corporate governance and ESG qualifications, will assume these positions. This change reflects the company’s commitment to strengthening its corporate governance framework.
China Everbright Greentech Ltd. has entered into a New 2025 Electricity Sales Framework Agreement with CEWL, replacing the existing agreement. This new agreement, effective from 2025 to 2027, involves EB Greentech (Jiangsu) supplying electricity to CEWL Group through Power Grid Companies. The transaction is considered a continuing connected transaction under the Listing Rules, requiring independent shareholder approval due to its scale. An Extraordinary General Meeting will be convened to seek this approval, with an Independent Board Committee and an Independent Financial Adviser appointed to guide the process.
China Everbright Greentech Limited reported a challenging financial year for 2024, with a 6% decline in revenue to HK$6.98 billion and a 32% drop in EBITDA to HK$994 million. The company’s loss attributable to equity shareholders increased by 38% to HK$415 million, and no final dividend was declared. These results reflect the company’s ongoing struggles in managing costs and impairments, impacting its financial stability and potentially affecting stakeholder confidence.
China Everbright Greentech Ltd. announced that it has exceeded the annual cap for the 2022 Deposit Services Master Agreement, with the highest daily closing balances surpassing the HK$130 million limit in August and December 2024. This breach of the Listing Rules necessitates reporting, announcement, and independent shareholders’ approval. The company has since implemented measures to prevent future occurrences.
China Everbright Greentech Limited has announced that its board of directors will meet on 18 March 2025 to approve the company’s annual results for the year ending 31 December 2024. The meeting will also consider the payment of a final dividend and address other business matters, potentially impacting the company’s financial outlook and shareholder returns.
China Everbright Greentech Limited has successfully issued its first tranche of 2025 green medium-term notes in the People’s Republic of China, raising RMB1.0 billion. This issuance marks a strategic financial move for the company, potentially strengthening its position in the green finance sector and providing a boost to its operational capabilities.
China Everbright Greentech Ltd., along with several affiliated entities, has entered into a Joint Venture Agreement to establish a new joint venture with a collective registered capital of RMB50 million. The company will contribute RMB5 million, accounting for 10% of the venture’s capital. This strategic move is classified as a connected transaction under Hong Kong’s Listing Rules, requiring reporting and announcement but exempting it from independent shareholders’ approval.