China Securities Intelligent Financial News Peneng Technology (688063) disclosed its 2024 performance report on the evening of February 27, and the company achieved operating income of 2.006 billion yuan, a year-on-year decrease of 39.19%; the net profit attributable to the parent company was 41.0207 million yuan, a year-on-year decrease of 92.04%; After deducting the non-net profit loss of 27.1751 million yuan, the profit in the same period of last year was 448 million yuan, the basic earnings per share was 0.17 yuan, and the weighted average return on equity was 0.44%. Based on the closing price on February 27, the current price-to-earnings ratio (TTM) of Paineng Technology is about 271.85 times, the price-to-book ratio (LF) is about 1.22 times, and the price-to-sales ratio (TTM) is about 6.71 times.

Based on the data of this disclosed performance report, the company's price-to-earnings ratio (TTM) chart in recent years is as follows:

According to the data, the company's main household and small commercial energy storage, industrial and commercial and grid-level energy storage, communication base station backup, vehicle energy storage, mobile energy storage, energy storage battery system, UPS application power battery.

During the reporting period, the company's total operating income decreased by 39.19% over the same period last year, and the sales price of the company's energy storage products faced greater pressure due to the complex and volatile global economic situation and the intensification of industry competition. At the same time, the strategy of continuous destocking of downstream enterprises further exacerbated market challenges, forming a significant downward pressure on the company's operating performance, resulting in a year-on-year decline in operating income.

During the reporting period, the operating profit decreased by 88.72% over the same period last year, the total profit decreased by 89.46% over the same period last year, the net profit attributable to the owners of the parent company decreased by 92.04% over the same period last year, and the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses decreased by 106.07% over the same period last year, mainly due to the decline in sales business and the year-on-year decline in foreign exchange income during the reporting period.

According to the data, the company's weighted average return on equity in 2024 will be 0.44%, down 5.26 percentage points from the same period last year.

Proofreading: Yang Ning

Indicator Annotation:

P/E ratio = total market capitalization / net profit. When the company loses money, the P/E ratio is negative, and it is not practical to use the P/E ratio for valuation, and the P/B ratio or P/B ratio is often used as a reference.

Price-to-book ratio = total market capitalization / net assets. The price-to-book ratio valuation method is mostly used for companies with large fluctuations in earnings and relatively stable net assets.

Price-to-sales ratio = total market capitalization / operating income. The price-to-sales ratio method is often used for growing companies that are losing money or making small profits.

The price-to-earnings ratio and price-to-sales ratio in this article are calculated using the TTM method, that is, the data for the 12 months up to the latest financial report (including forecast). The price-to-book ratio is calculated using the LF method, that is, based on the latest financial report data. The quantile calculation range of the three is from the company's listing to the latest announcement date.

When the P/E ratio and price-to-book ratio are negative, the current quantile is not displayed, which will cause the line chart to be interrupted.