Lisheng Energy's EPS for the first three quarters was 0.29 yuan, striving to become the top ten electricity sellers next year
Quick Look
- Lisheng Energy (8087) had a cumulative revenue of 606 million yuan in the first three quarters, an annual increase of 178.18%, a net profit after tax of 11 million yuan, and an EPS of 0.29 yuan; its revenue in October was 37 million yuan, an annual increase of 197.06%.
- The cumulative revenue in the first ten months was 643 million yuan, an annual increase of 179.2%.
- The company has adjusted its strategy to green electricity sales, self-sustained power plants and maintenance services.
AI-generated summary
Why It Matters
Lisheng Energy is a green electricity concept stock. Taiwan's renewable energy market is gradually maturing. The core of competition in the green energy industry is extending from site development and engineering construction to power trading, asset holding and long-term operation management.
Lisheng Energy (8087) announced its third quarter financial report. The cumulative revenue in the first three quarters was 606 million yuan, an annual increase of 178.18%, the cumulative after-tax net profit was 11 million yuan, and the after-tax earnings per share (EPS) was 0.29 yuan. Lisheng also announced revenue in October of 37 million yuan, an annual increase of 197.06%. The cumulative revenue in the first ten months was 643 million yuan, an annual increase of 179.2%.
Lin Lizhen, chairman of Lexington Green Energy, said that as Taiwan's renewable energy market gradually matures, the core of competition in the green energy industry is gradually extending from the simple field development and project construction in the past to the fields of power trading, asset holding and long-term operation management. In order to get rid of the impact of large fluctuations in the completion recognition of a single project project on profit performance, Lisheng actively adjusted its business strategy and accelerated its shift to a green energy platform business model with three cores: "green electricity sales, self-sustained power plants and maintenance services".
She pointed out that in terms of accelerating the expansion of the electricity sales business, the subsidiary Xiangyin Sustainability continues to expand the layout of corporate green power purchase and sale contracts (CPPA). Recently, it has signed a new green power transfer contract of 30MW. It is expected that the transfer orders on hand will reach 1.71 billion kWh by the end of this year, an annual growth of 250%, and it will rank among the top in the domestic electricity sales industry in the first quarter of 2027. The top ten are specific development goals; in addition, in order to expand the layout of self-sustained power plants and establish long-term stable cash flow, Lisheng has also strategically acquired power plants with stable power generation performance. It is expected that the scale of self-sustained COD power plants will continue to grow multiple times, and at the same time, it will gradually increase long-term maintenance contracts and service income, forming a business model that supports each other with electricity sales and self-sustained power plants.
What to Watch
AI outlook — possibilities, not facts
Lisheng Energy’s green power transfer orders on hand by the end of this year will reach 1.71 billion kWh
Likely · Within months
The scale of Lisheng Energy’s self-owned COD power plant will continue to grow exponentially
Possible · Within months
Open Questions
- What is Lisheng Energy’s current market ranking in the electricity sales industry?
- What are the specific acquisition targets and scale of self-sustained COD power plants?
- What is the specific action timetable to become one of the top ten companies in the electricity retail industry in the first quarter of 2027?
