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Sunpower Says 2Q 2022 Steam Sales Volume Of 2.38 Tons
11 Aug 2022
EARNINGS ANNOUNCEMENTS
Aug 11 (Reuters) - Sunpower
Old car BO Lat , need BB to push then can start engine.
Sunpower Group (SGX: 5GD)
Sunpower Group is a provider of industrial steam with a sizable portfolio of cash-generating green investments (GI).
The environmental company?s shares recently hit a 52-week low of S$0.36 and closed at S$0.37 recently.
For the first quarter of 2022, the group saw revenue jump 53.1% year on year to RMB 648.7 million.
Net profit inched up 6.4% year on year to RMB 28.7 million.
These results exclude the fair value changes of its convertible bonds.
Sunpower expects additional contributions from the expansion of its existing plants as well as new plants this year.
It will also continue to identify and invest in promising GI projects to boost the returns for the company.
Sunpower Group is a provider of industrial steam with a sizable portfolio of cash-generating green investments (GI).
The environmental company?s shares recently hit a 52-week low of S$0.36 and closed at S$0.37 recently.
For the first quarter of 2022, the group saw revenue jump 53.1% year on year to RMB 648.7 million.
Net profit inched up 6.4% year on year to RMB 28.7 million.
These results exclude the fair value changes of its convertible bonds.
Sunpower expects additional contributions from the expansion of its existing plants as well as new plants this year.
It will also continue to identify and invest in promising GI projects to boost the returns for the company.
Solar Energy Index is expected to trade at 545.08 USD by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 614.09 in 12 months time.
Lai liao......
SG-Insider ( Date: 29-Jul-2022 09:03) Posted:
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https://www.youtube.com/watch?v=YksTKZqjKQI
BB is collecting 0.37 -0.385 from last week.....Sunpower is coming......
SG-Insider ( Date: 28-Jun-2022 10:07) Posted:
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Something Brewing......Good news coming.....
Below 0.48cents still consider undervalue....
SG-Insider ( Date: 23-Jun-2022 10:22) Posted:
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thanks, I have hold some shares, hopefully can sell next week to minimise some lost....Cheong La....
I think is because undervalue, most of the retailers are out.
Frankie8836 ( Date: 24-Jun-2022 12:15) Posted:
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Ooooo---- Sunpower up.....any news causes this Up....
Sunpower is undervalue but no ones interested
Lai liao....Load up...
Solar energy is the next generation to build & use while oil & gas elevated
5GD | Sunpower Group
May 17
Revenue exceeded analyst estimates by 1.8%.
Over the last 3 years on average, earnings per share has fallen by 42% per year but the company&rsquo s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
First quarter 2022 earnings: Revenues exceed analyst expectations
First quarter 2022 results:- Revenue: CN¥ 738.5m (up 77% from 1Q 2021).
- Net income: CN¥ 41.1m (down 21% from 1Q 2021).
- Profit margin: 5.6% (down from 12% in 1Q 2021).
Revenue exceeded analyst estimates by 1.8%.
Over the last 3 years on average, earnings per share has fallen by 42% per year but the company&rsquo s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Brewing liao
Sunpower Group Q1 net profit down by 51.8% to 41.1 million yuan
MAINBOARD-LISTED environmental engineering company Sunpower Group : 5GD -4.94% saw first-quarter earnings slide, after divesting its non-core manufacturing and services business in 2021, according to results released on Sunday (May 15).
Net profit fell to 41.1 million yuan (S$8.4 million) for the 3 months to Mar 31, 2022, down by 51.8 per cent year on year, even as revenue grew 74.3 per cent to 738.5 million yuan on the back of higher capacity, new projects, and an increase in the sales price of steam.
Profit from continuing operations slipped by 5.3 per cent to 49.8 million yuan, while Sunpower recorded no earnings from its discontinued operations, against 33.5 million yuan previously.
Excluding effects from fair-value change, unrealised currency translation and amortised interest costs of convertible bonds, overall net profit would have slid 62.4 per cent to 22.4 million yuan.
Sunpower, which saw steam sales volume rise by 22.6 per cent to 2.16 million tonnes in the quarter, said that it expects its business in FY2022 to be supported by ramp-up and expansion in its plants in 2022, as well as cost reductions and other business strategy decisions.
The group has 10 plants in operation and 1 more under construction. While Covid-19 outbreaks in parts of China had disrupted some projects and some customers&rsquo operations as of late April 2022, &ldquo projects that were temporarily affected have seen a recovery in their operations&rdquo and the company is monitoring the situation, with contingency plans in place, said Sunpower.
Ma Ming, chief executive of Sunpower, said industrial steam sales volumes are expected to remain firm in 2022, despite headwinds from the pandemic and &ldquo geopolitical issues worldwide&rdquo .
&ldquo In the longer term, the group remains in a strong position to benefit from the prospects of the centralised steam supply industry and the long-term development of industrial parks as it has a strong supplier role in the provision of clean steam, a non-discretionary production input, to industrial users,&rdquo he added in a media statement.
Earnings per share came to 5.16 fen for the quarter, compared with 10.78 fen in the year before. Net asset value was 238.81 fen a share, against 232.60 fen as at Dec 31, 2021.
No dividend was recommended, as the company does not typically do so in the first quarter.
1Q results
https://links.sgx.com/1.0.0/corporate-announcements/PBSWD64C09WBPHT8/717417_23764339_Announcement.1Q2022PressRelease.pdf
https://links.sgx.com/1.0.0/corporate-announcements/PBSWD64C09WBPHT8/717416_23764338_Announcement.1Q2022Results.pdf
https://links.sgx.com/1.0.0/corporate-announcements/PBSWD64C09WBPHT8/717417_23764339_Announcement.1Q2022PressRelease.pdf
https://links.sgx.com/1.0.0/corporate-announcements/PBSWD64C09WBPHT8/717416_23764338_Announcement.1Q2022Results.pdf
Bottomless.... keep for decades....
kafunko76 ( Date: 11-May-2022 16:52) Posted:
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