Shenzhen Energy Group: Net profit for first 3 quarters of 2020 expected to grow 113.68% to 137.04% YoY

NBD AI Bulletin -- Shenzhen Energy Group Co., Ltd. (the Company, SZ 000027, closing price: 5.77 yuan) released its earnings guidance on October 14. For the first three quarters of 2020, net profit attributable to shareholders of the listed company is expected to be 3.66 billion yuan to 4.06 billion yuan, up 113.68% to 137.04% year on year; Basic earnings per share is 0.7693 yuan to 0.8534 yuan.

For the third quarter of 2020, net profit attributable to shareholders of the listed company is expected to be 820 million yuan to 1.22 billion yuan, up 20.48% to 79.26% year on year; Basic earnings per share is expected to be 0.1724 yuan to 0.2564 yuan.

During the reporting period, net profit of thermal power saw a YoY increase as the cost of fuel decreased; As the new project was put into operation, net profit for solid waste management business also saw a YoY increase. Revenue from investment increased as companies jointly run with its partners went well. The non-recurring items in the first three quarters of 2020 is around 2.06 billion yuan, which will have an impact on the net profit. 

According to the semi-annual report of 2020, Shenzhen Energy Group Co., Ltd. mainly engages in electricity, other, gas, steam, transport business, accounting for 79.39%, 11.12%, 8.67%, 0.65%, and 0.16% of its revenue, respectively.

Shenzhen Energy Group Co., Ltd.'s chairman is Xiong Peijin, male, 55 years old, Master of Administrative Management, MBA, senior accountant, Certified Public Accountant. The Company's general manager is Li Yingfeng, male, 51 years old, bachelor's degree, senior engineer.

Tips on "Stock Trends":

1. The number of shares held by northbound investors increased by 10.3419 million over the past 30 days, accounting for 0.22% of the Company's circulating shares. 

2. There was no institutional research on the Company in the past 30 days. 

(By Tan Yuhan)

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