Henan Yicheng New Energy Co Ltd
Henan Yicheng New Energy Co Ltd operates in the chemicals industry within the materials sector, generating revenue of CNY 3.53 billion.
Business. Henan Yicheng New Energy Co Ltd operates in the chemicals industry within the materials sector, generating revenue of CNY 3.53 billion.
At a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Henan Yicheng New Energy Co Ltd operates in the chemicals industry within the materials sector, generating revenue of CNY 3.53 billion.
- The company reports significant operating losses of CNY -786.34 million and net losses of CNY -669.39 million, driven by minimal gross profit of CNY 31.95 million on CNY 3.53 billion in revenue.
- Liquidity is tight with a current ratio of 1.06 and negative operating cash flow of CNY -337.49 million, compounded by high long-term debt of CNY 5.82 billion.
- Valuation metrics show a price-to-book ratio of 1.53 and a negative EV/EBITDA of -11.93, reflecting the market's pricing of ongoing operational inefficiencies.
- Dilution risk is assessed as low, but liquidity risk is medium due to negative net cash position and reliance on debt financing.
- Historical growth trends and segment details are unavailable, limiting the ability to assess long-term trajectory or revenue concentration risks.
Bull / Bear case
Generated · model-assistedNet income improved significantly from a loss of 841.8 million CNY in FY-1 to a loss of 669.4 million CNY in FY0.
Operating income narrowed its deficit from 1.09 billion CNY in FY-1 to 786.3 million CNY in FY0, indicating operational stabilization.
Gross profit turned positive at 31.9 million CNY in FY0, recovering from a negative 60.4 million CNY in the prior year.
Free cash flow improved to a negative 904.7 million CNY in FY0, up from a negative 1.26 billion CNY in FY-1.
The company maintains a book value of 4.42 billion CNY, providing a baseline asset cushion despite current profitability challenges.
The company faces high credit risk and medium liquidity risk, compounded by a debt-to-equity ratio of 1.32.
In focus — financials by report
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Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Physical assets
1 tracked| Asset | Type | Commodity | Country | Role |
|---|---|---|---|---|
| Henan Jiaxian (Golden Sun) wind farm | Power | Power | China | Registered owner |
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- Henan Yicheng New Energy Co Ltd Market data — financials · 2026-07-07
Ownership & reference
Leadership
- Deyu CaoPresident, Director
- Jianmin WanExecutive Vice President