Why is West China Energy’s stock price so low? The company’s fundamentals are somewhat poor.

I don’t know if anyone in West China Energy is paying attention to this stock. The recent stock price of West China Energy can be said to be even worse. The company’s stock price is only 2.5 yuan. As for why the company's stock price is so low, you will understand after reading a few sets of data.

It is understood that Huaxi Energy is Huaxi Energy Industrial Co., Ltd. After more than 30 years of development, it mainly focuses on the design and manufacturing, system solutions and investment and operation of new energy, environmental protection industries, and clean power plants. .

The company achieved total operating income of 440 million yuan in the first quarter of 2021, a year-on-year decrease of 42.4%, and the decline was larger than that of the same period last year; it achieved net profit attributable to shareholders of -54.049 million yuan, compared with -18.399 million yuan in the same period last year, and the loss range expanded. .

The company’s operating costs in the first quarter of 2021 were 410 million, a year-on-year decrease of 36.5%, which was lower than the decline rate of operating income of 42.4%, and the gross profit margin decreased by 8.5%. The expense ratio during the period was 26, an increase of 12.6 from the previous year, which was a drag on the company's performance. Operating cash flow increased significantly by 1.31 million to 45.695 million.

In addition, affected by the epidemic, West China Energy's overseas business was hampered in 2020; projects under construction were partially suspended, new orders decreased, completed products decreased year-on-year, and asset impairment losses increased; financing became more difficult, and due to funding restrictions, The implementation of new businesses and investment projects such as new material copper processing has been slow, and performance has been severely damaged.

In 2020, West China Energy achieved revenue of 2.207 billion yuan, a year-on-year decrease of 39.08%; a net loss of 466 million yuan, a year-on-year decrease of 137.06%. It can be seen that the company's performance can only be described as "terrible". Such poor performance will inevitably not receive attention and investment.

The company seems to be struggling at the moment. It has been rare to see a bid winning notice in the past six months, and many people predict that the semi-annual report will still suffer heavy losses. Although there are many concepts that have no room for imagination due to poor performance, institutions are not optimistic about them, and the main funds have been in a state of net outflow.

In general, the fundamentals of West China Energy are really bad, and many people are even predicting when the company will delist. In fact, it seems that Huaxi Energy is more in line with environmental protection themes such as carbon neutrality in the future, but at present it is really hard to say, and it is difficult to say whether it will be able to survive until this "wind" comes.

The country won’t support it?