GCL NEWENERGY chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 1.39
Dividend & YieldN/AHK$ (N/A)
Beta 1.48
Market capitalization 39.69M
Operating cash flow 860.44M
ESG Scores unknown

Company description

GCL New Energy Holdings Limited, an investment holding company, develops, constructs, operates, and manages solar power plants in the People's Republic of China, the United States, and internationally. The company is also involved in the research and development of hydrogen and related businesses. As of December 31, 2021, it owned 47 solar power plants with an aggregate installed capacity of 1,051 megawatts. The company was formerly known as Same Time Holdings Limited and changed its name to GCL New Energy Holdings Limited in May 2014. GCL New Energy Holdings Limited was founded in 1982 and is based in Kowloon, Hong Kong.

Sector: Utilities - Industry: Utilities—Renewable

Financial Ratios
Quick Ratio2.25
Working Capital-0.17
Return On Equity-0.18
Debt To Equity1.07
Fixed Asset Ratio-0.36
Fixed Interest Cover0.69

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 148.17M 267.37M 1.49B 4.68B
Total Cashflows From Investing Activities -7.73B -2.74B 974.47M 381.63M
Net Borrowings 4.62B 2.41B -3.11B -793.14M
Total Cash From Financing Activities 2.45B 41.75M -5.07B -1.56B
Change To Operating Activities -291.58M -174M -37.22M -123.3M
Issuance Of Stock 759.49M 759.49M 759.49M 759.49M
Net Income 469.68M 294.69M -1.37B -790.27M
Change In Cash -2.79B -333.4M 118.05M -582.1M
Effect Of Exchange Rate 25.28M 29.08M -23.98M -1.96M
Total Cash From Operating Activities 2.46B 2.34B 4.24B 602.58M
Depreciation 1.51B 1.73B 1.46B 921.84M
Change To Account Receivables -2.07B -2.72B -1.18B -5.95B
Other Cashflows From Financing Activities -2.17B -2.36B -1.96B -1.53B
Change To Netincome 2.69B 2.94B 3.87B 1.87B
Capital Expenditures -8.17B -3.61B -1.34B -2.96B

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 755.87M 782.32M -1.06B -514.68M
Net Income 469.68M 294.69M -1.37B -790.27M
Selling General Administrative 627.38M 694.94M 522.26M 696.51M
Gross Profit 3.74B 3.95B 3.22B 1.78B
Ebit 3.12B 3.26B 2.68B 1.09B
Operating Income 3.12B 3.26B 2.68B 1.09B
Interest Expense -2.28B -2.88B -2.45B -1.58B
Income Tax Expense 6.52M 177.56M 156.36M 47.04M
Total Revenue 5.63B 6.05B 5.02B 2.84B
Cost Of Revenue 1.89B 2.1B 1.8B 1.07B
Total Other Income ExpenseNet -2.36B -2.48B -3.74B -1.61B
Net Income From Continuing Ops 749.35M 604.75M -1.22B -561.72M
Net Income Applicable To Common Shares 469.68M 294.69M -1.37B -790.27M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 51.48B 44.45B 36.5B 8.96B
Total Stockholder Equity 6.14B 6.45B 5.04B 4.37B
Other Current Liabilities 8.34B 5.91B 6.52B 1.53B
Total Assets 61.18B 54.42B 45.04B 15.92B
Common Stock 66.67M 66.67M 66.67M 73.63M
Other Current Assets 2.75B 844.83M 3.8B 1.03B
Retained Earnings 1.14B 1.45B 103.78M -560.32M
Treasury Stock 646.72M 648.94M 584.26M -168.37M
Cash 1.36B 1.07B 1.14B 586.05M
Total Current Liabilities 20.57B 19.1B 23.47B 3.64B
Other Stockholder Equity 646.72M 648.94M 584.26M -168.37M
Property, Plant, and Equipment 42.97B 36.91B 26.62B 5.84B
Total Current Assets 9.33B 7.83B 14.24B 8.2B
Net Tangible Assets 6.14B 6.45B 5.04B 4.37B
Net Receivables 4.97B 5.83B 9.18B 6.14B
Accounts Payable 2.13B


Insider Transactions

Here are the insider transactions of stock shares related to GCL NEWENERGY:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Wang (Dong)D2022-09-29Director (Executive)229.91k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to GCL NEWENERGY. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on GCL NEWENERGY

Here is the result of two systematic investment strategies applied to GCL NEWENERGY. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on GCL NEWENERGY

The following chart shows the equity curve of the two systematic investment strategies applied to GCL NEWENERGY:

GCL NEWENERGY automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 10.89% on the backtest period.

Performance at glance

Performance

10.89 %

Latent gain

163.38 HK$

Invested capital

1499.98 HK$

Annualized return

2.58 %
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Momentum strategy results on GCL NEWENERGY

This is the result of two momentum investment strategies applied to GCL NEWENERGY. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on GCL NEWENERGY

The following chart shows all the entries opened by the momentum investment system on GCL NEWENERGY:

GCL NEWENERGY momentum entries
  • The first momentum investment strategy would give 53.68% of return on GCL NEWENERGY. That represents 3220.82HK$ of latent gain with 5999.66HK$ of employed capital.
  • The second momentum investment strategy would give 54.64% of return on GCL NEWENERGY. That represents 1911.93HK$ of latent gain with 3498.95HK$ of employed capital.
Performance at glance (1Q Momentum)

Performance

53.68 %

Latent gain

3220.82 HK$

Invested capital

5999.66 HK$

Annualized return

49.79 %
Performance at glance (2Q Momentum)

Performance

54.64 %

Latent gain

1911.93 HK$

Invested capital

3498.95 HK$

Annualized return

14.61 %

Momentum equity curve on GCL NEWENERGY

The following chart shows the equity curve of the two momentum strategies applied to GCL NEWENERGY:

GCL NEWENERGY momentum equity

Note: the dividends potentially given by GCL NEWENERGY are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on GCL NEWENERGY

The following chart shows the employed capital evolution of the two momentum strategies on GCL NEWENERGY since the beginning:

GCL NEWENERGY

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250HK$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000HK$.


Buy the dip strategy result on GCL NEWENERGY

Buy the dip entry openings on GCL NEWENERGY

GCL NEWENERGY

The performance achieved by the robo-advisor on GCL NEWENERGY is 110.53%. That represents 276.36$ of latent gain with 250.04HK$ of employed capital. The following chart shows GCL NEWENERGY stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of GCL NEWENERGY, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

110.53 %

Latent gain

276.36 HK$

Invested capital

250.04 HK$

Annualized return

49.79 %

Equity curve of the strategy applied to GCL NEWENERGY

The following chart shows the result of the investment strategy applied to GCL NEWENERGY:

GCL NEWENERGY

Note: the dividends potentially given by GCL NEWENERGY are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on GCL NEWENERGY

The following chart shows the employed capital evolution since the beginning of the investment strategy on GCL NEWENERGY:

GCL NEWENERGY

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on GCL NEWENERGY

In this section, I will compare the three previous investment strategies applied to GCL NEWENERGY.

Equity curve comparison on GCL NEWENERGY

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

GCL NEWENERGY investment strategy comparison

Employed capital comparison on GCL NEWENERGY

GCL NEWENERGY investment comparison

Performance comparison on GCL NEWENERGY

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 10.89% 163.38HK$ 1499.98HK$ 2.58%
Momentum 1 quarter 53.68% 3220.82HK$ 5999.66HK$ 13.49%
Momentum 2 quarters 54.64% 1911.93HK$ 3498.95HK$ 14.61%
Non-directional 110.53% 276.36HK$ 250.04HK$ 49.79%
Annualized return comparison

Automatic investment

2.58 %

Momentum 1Q

14.61 %

Momentum 2Q

14.61 %

Non-directional

49.79 %

Correlated stocks

Here are the most positively and negatively correlated stocks with GCL NEWENERGY:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between GCL NEWENERGY and the other stocks. There may be false positives or some missing correlated stocks. If the price of GCL NEWENERGY does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name GCL NEWENERGY
Country Hong Kong
City Kowloon
Address International Commerce Centre
Phone 852 2606 9200
Website www.gclnewenergy.com
FullTime employees 874
Industry Utilities—Renewable
Sector Utilities
Exchange XHKG
Ticker 0451.XHKG
Market

GCL NEWENERGY ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown