CNEL.L Share Chat (CNEL)

Message out today. But Im unable to open the PDF.

Can anyone offer a brief synopsis pls.

Lots appears to be going on just hope it translates into a profitable outcome or at least a big order pipeline that would be guaranteed if the hydrogen storage can be scaled as it would be massive globally. Biggest issue of Hydrogren has been a lot about storage. If it happens could easily sky rocket to an unknown valuation. Just China orders would be enormous.

Good in depth reasearched information.

Thank you for your insight, very much appreciated.

Based on the company's official announcements and Chinese financial media reports, China New Energy Group Limited (1156.HK) has indeed secured orders and projects in the hydrogen sector within China.

The most significant and frequently cited example is:

1. Flagship LOHC Project in Jiangsu

Project: The company has secured a contract for a liquid organic hydrogen carrier (LOHC) hydrogen storage and transportation demonstration project in Yizheng City, Jiangsu Province.

Status: This has been reported in Chinese business media as a key commercial breakthrough. The company's role typically involves providing the proprietary LOHC technology, core equipment (hydrogenation/dehydrogenation units), and associated engineering services.

Significance: This is positioned as one of China's early commercial-scale LOHC projects, moving the technology from pilot stage to real-world application. It is directly aligned with provincial and national hydrogen development plans.

2. Equipment Supply for Hydrogen Refueling Stations

Reports indicate the company has won contracts to supply key components and skids for hydrogen refueling stations in various regions. These are generally smaller, recurring orders that contribute to revenue and demonstrate activity in the hydrogen infrastructure supply chain.

Sounds like we are far more involved in hydrogen which is great if correct and perhaps why we have started to re-rate. Hydrogen storage at ambient temperatures is potentially huge, like seriously big news. Hopefully our dear leaders at cne will share some news one day with the english speaking plebs :)

I asked chinas deepseek about China New Energy as it probably has better access to China news. Interesting what it said.

“Positive 2025 Developments for China New Energy (1156.HK):

The company's share strength in 2025 is driven by its strategic focus on hydrogen energy, aligning with China's national clean energy goals. Key positives include:

Commercial Breakthrough in Hydrogen: Successful commissioning or advancement of its flagship LOHC (Liquid Organic Hydrogen Carrier) project in Jiangsu, transitioning this core technology from R&D to revenue generation.

Contract Momentum: Securing new equipment and engineering contracts, particularly for hydrogen refueling stations and chemical plants, building a visible order book.

Strong Policy Tailwinds: Continued direct benefit from China's intensified "dual carbon" policy support and funding for the hydrogen sector, improving market sentiment and long-term outlook.

This positions the company as a technology player capturing growth in China's strategic energy transition.

This company has treated the share holders appallingly they have told lie after lie how much longer are they, allowed before a statement is published the fat cats at the top are still milking the system.

I had forgotten I had some shares in these guys still. Worth about £800 now (down 80%) so will keep hold of them for another 6m and then may sell what little is left if no improvement. Why was Romania deal never announced as surely worth an announcement as its diversifying outside China). Let’s see what happens but at least they seem more positive

Results out and while not great company talks a lot more positively about the future for first time. Revenues doubled but contracts 185% up on year so revenues will rise in 2025 and they mention plenty of possibilities. Hopefully enough to breakeven for 2025. Some positives but not exactly where we would ideally like to be. Romania signee in 2024 not started yet. Looks like bottom draw for a little while longer. How they managed to spend more on marketing and PR is anyones guess given no news on website.

Sadly i think i spoke too soon as it looks that we have lost around £4m-£6m for the year. However the board appear a little more upbeat as it sounds the loss was technical and they appear to say the company prospects have improved. Never heard then say that before so i take that as a big positive. Maybe some positive light ahead especially if the Romania deal comes off as i do not know if any cash has been forthcoming yet. we will find the details and ideally some forward looking statement on the 31st.

#

"The decrease in net loss for the Year was mainly due to the increase in revenue and decrease in

impairment losses under expected credit loss model of the Group. During the Year, the operation

of the Group continued to benefit from the economic recovery in Mainland China, and the

Group reversed the downward trend in its business, resulting in a significant reduction in net

loss."

Delayed to the 31st March but at least no profit warning. This might sound the reverse in our fortunes but weirdly latest news on website is the Romanian deal signed last summer? How does a listed company carry on with no news whatsoever? Its good they are finally looking abroad as you would think they would do well but company is so backward in its PR and marketing they are making hard work of it. Anyway fingers crossed its a bit more upbeat as last 3 years has been horrendous.

Wednesday 26th March, Board meeting and results for year ended Dec 2024.

Simms 45. Thank you for your insight. We can only cross fingers and toes now. !!

😂😂

Biggest change will be China upping its fuel blend of ethanol as i read it was only E2 on average against hope of E10. Seems likely this will tick up in time. Other factor is CNE focusing outside China as Romanian deal could spur many others in Europe as CNE are top drawer on tech but just lack sales in Europe to close deals.

Well all i know is China commitment to clean energy investment continues to grow. In 2024, China’s clean energy investments reached $940 billion and clean energy sector contributed 10% to China’s GDP. China is accelerating investment and biofuels are a key part of reducing carbon emissions and diversifying energy sources so i hope CNE benefits from all this. Been years now since we had some big projects (seemed to frop off when the brown paper bags got caught) but we should start to see Romania and surely a few biggies in China. Company seems financially stable at least but at a silly market cap but CNE need to deliver sales growth.

CHINA NEW ENERGY LTD. (1156)

https://www.tradingview.com/symbols/HKEX-1156/?utm_source=androidapp&utm_medium=share

Sometimes Company info is difficult to find, here is another usefull info site. Gives basic info.

https://stockanalysis.com/quote/hkg/1156/employees/

Well Ive decided to hang in there for now, who knows maybe 2026 will be a good one ;)

We have completely flatlined around .12 for a long time now. I am hopeful Romania deal happens and we get a proper update of what that means financially and perhaps with the new business we acquired a decent stake in (in lieu of paying their invoice) we might have generated some new leads or work. It feels that CNE is moving towards a breakeven but the board should hang their heads in shame for so many reasons but the lack of news is tragic and the lack of sales and PR and website that is not even trying to promote itself outside of the PRC is worrying. Anyway CNE might get back in favour with the party and close some deals.

Don't know about anyone else but seems its time to sell, any thoughts anyone?

Lets hope it translates into a turnaround. If board had from day 1 focused on Europe and ROW we would be a lot further ahead than their reliance on China and that game of backhanders and schenanigans going on. Its probably why they never did business outside as their cosy deals would not wash. Maybe with more oversight it has forced board to play by the books and maybe it might be better in the long run. Lesson learned to really focus on management and make sure they are open and transparent and not hiding, literally. Hopefully next results can move is firmly upwards and i am sure Chinese ethanol plants must be requiring updates and more efficient plant to be built. Seems PRC government decide everything and since the bungs ended they turned off the taps.

Translated from the website http://www.zkty.com.cn/ :

Zhongke Tianyuan reaches important cooperation with Romanian customers

On July 31, Guangdong Zhongke Tianyuan New Energy Technology Co., Ltd. and a Romanian company successfully signed the "Design, Procurement and Installation Contract for the Maintenance and Technical Upgrading and Renovation Project of the Romanian Corn Raw Materials Bioethanol Plant with an Annual Production of 80,000 tons" in Guangzhou. Both parties Cooperation on green and new energy kicked off. This cooperation not only symbolizes Zhongke Tianyuan's successful entry into the EU market, but also marks that its innovative technology in the field of bioethanol has been recognized by high-end European customers, laying a solid foundation for future development in the international market.

Zhongke Tianyuan relies on its own advanced technology to provide customers with integrated and comprehensive solutions, enabling customer factories to achieve significant results in energy conservation, consumption reduction, cost reduction and efficiency improvement. Through technological upgrading and transformation, the bioethanol plant is expected to reduce steam consumption per ton of alcohol by more than 30%, cooling water consumption by 30%, and electricity consumption by more than 10%. At the same time, the environmental protection benefits will be significant, and wastewater and waste gas emissions will be effectively controlled and processing, fully complying with EU emission standards; in addition, the factory's production capacity will be increased by 10%-20%. By then, the factory will become Romania's largest bioethanol production enterprise, and its market competitiveness will also be greatly improved.

It is worth mentioning that in addition to the above-mentioned contracts, the two parties also signed a cooperation memorandum, aiming to further broaden the areas of cooperation and deepen the cooperative relationship. In the future, the two parties will explore more diversified cooperation in other projects in the field of biofuels and renewable energy such as biodiesel and E-SAF through resource integration and complementary advantages. Zhongke Tianyuan will give full play to its technical advantages to provide customers with all-round, customized services such as design, equipment supply, installation and commissioning, operation and maintenance, and continue to promote the successful "sea" of China's new energy technologies and share them for the sustainable development of global energy. Chinese wisdom and power.

Some possible positive news for once. Seems cnel will purchase up to 10% of shares in a buy back. exactly what is needed as frankly $700k will do that. Just need to hope Cnel secure new business, which presumably they are doing given plan to do any repurchase. Should lead finally to upwards pressure on share price over next 6 months if theu do start mopping up the trickle of sells we have seen over the years. https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0529/2024052900402.pdf

So results are in and very little to report. The recent debt for equity was only notable point when we ended up with 40% and while we wrote off £4m of debt to do so i suspect getting paid was not happening anytime soon. It might help. However nothing else mentioned about any new sizeable projects. For me the way they market themselves through their website tells you everything that they are not even trying. They rely on an opaque network that when it works it does well but when its down it does terribly. They have no other irons in the fire. They talk about over 40 patents but i do not see any new orders of merit in this first set of accounts. When they release final results it might change but it looks like another 6 month wait. Frankly its pathetic to have no interest in international sales given no english website and a website that looks it was built in 1999. They had potential but they do not even spend a few thousand sorting out probably their most important marketing asset. Year after year they squander sales opportunities but putting two fingers up to any other country outside the PRC. Why we can only speculate.

Its a bit like clockwork and you can almost set your watch by it. We wait 6 months with no news and then they issue a profit warning. Not entirely unexpected but looks they are writing off a lot of debts from suppliers, codeword for backhanders, but i move on. Board meeting is 28th. the other news was about our debt for equity deal that does appear to have been profitable so there might be a small glimmer of positivity, although our duo is joining the board so i do wonder what they are now up to. https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0322/2024032201713.pdf

I just hope the cashflow is reasonable and this loss is more about tidying up the accounts and not about a lot of cash exiting the building. I remember years ago being concerned about impairments and i should have known where this was going once you understood how the duo operated with their mates and how deals were “organised”. We live and learn and we will need to hope the current year brings back a profit or we have some positive update in the outlook that takes the market cap above the current £7m.

I agree totally with Mr Simms a very clever assessment!

Thanks kevs

I try them 👍

Hi

II interactive investors i have my shares in

Hi does anybody know a brokerage who deals with cnel shares I need to transfer them from the Halifax

Much appreciated

Thanks

So turns out i was not exactly correct. this is a debt for equity. basically Zhongke Green owed us £5m and i guess CNEL understood they were not going to ever be paid. so they took a minority stake. obviously in current day £5m cash would be better than a stake in a loss making company. does not even appear they got a bargain either. what is most galling is they thought this could be done behind closed doors and never mention it to anyone. they got caught and needed to apologise. to me this is classic board approach to do as they please. we have no idea why we decided to write this debt off? seems very kind of us. if they instead talked about Zhongke Green in positive light we might have worked out it was a good deal but they have provided no information. the best spin on this is that we had no hope of getting paid from this company who might have gone bust so we hope this company wins some business and presumably CNEL will be supplier. we need to wait for final year results to see the numbers but we are almost at an alltime low so the market has rightly taken a dim view of the deal and the way CNEL handled this. I am slightly sick of waiting every 6 months for a sliver of information and have no idea what is currently going on as they simply provide no information. Great tech but terrible management. they could have been a global leader but instead squander the opportunity to line their own pockets with dubious deals behind closed doors.

I agree. I could not imagine investing today. If i understand correctly we have so much cash sloshing around we invested £5m for a 40% stake in another supplier. Last 3 years they kept on talking about preserving cash and no dividend or share purchase but they just invested more cash than the whole company is worth in a loss making company about which we know nothing. In fact i do not think anyone knew about in the company including RB. We just live in hope that the company turns around but even if they do if they never plan to do a buy back or dividend there is nothing for investors as its majority owned by the duo at the top.

What investor in their right mind would look at this company and think it is worth investing in given the behaviour of the board since it's switch to HKEX. They make zero contact with the shareholders, make no effort with PR, do the bare minimum to comply with HKEX regulations and release no worthwhile news on company progress. Nobody has seen any return from their investment and whilst the current board remain in place, the share price will continue to leak into pittance.

What the hell is going on with this share down 13%plus today this share is mind-boggling, any news is cloaked in secrets the shareholders are like mushrooms fed a load of s t and kept in the dark.

I smell a rat the fat pigs at the helm are feathering there nest and the share holders are yet again shafted, just remember you enter this world with a bare ass and leave, with a bare ass.

Why is there such a big price drop? any ideas? please

Why was there no big fanfare of this “major” deal or press to support the positive benefits. It looked loss making, albeit profitable in the past. Positive spin is CNE must be drowning in cash and this deal will immediately drive a rise in profitability. Its possible CNE borrowed the £5m and Green owed CNE a lot of money so has now paid out what it owed. The other option is the CEO is up to his tricks and we find Green were best buddies from school and large backhanders are involved. Surely RB was all over this deal as non exec? He is supposed to have full oversight of deals and the new risk manager would have been involved. shareprice has dropped but its almost 0 liquidity so price movements happen with no volume. Can RB comment to provide clarity to the merits of the deal and that this is not a deal with brown envelopes.

It looks very risky and suspicious.

Wouldn't put anything past this board, based on their history of Deceit.

This is link if anyone else has any clues

https://www1.hkexnews.hk/listedco/listconews/sehk/2023/1126/2023112600015.pdf

I am still baffled why, when cash is precious, we somehow find £5m to buy a non controlling 40% stake in another supplier that did not make a profit last year. I am sure it will turnaround and there is some logic but at the same time my spider senses are thinking whether Green is not another mate of the board of CNE and hope someone is checking there are no backhanders going on here. Surely CNE has far better ways to invest £5m in its own company or tide it over for the next few years while it develops the pipeline. The company has not even whispered this news to anyone and from what it looks like were actually forced by the HKex to make the announcement as it does not look they followed protocols. Will CNE never learn but it has certainly shaken my approach to trusting what companies do and say as CNE are next level in deceit. my only hope is to recover my investment as while i can see so much potential the company seems at every opportunity to destroy that. where is all the PR Ivy said they were going to do and where is all the updates about news as this should surely be a major news item given we have just spent the same as our current market cap on another loss making company without even a whisper. i hope someone is watching the money flow.

Wait is over and basically CNE through our 100% owned subsidiary Zhongke Tianyuan has bought a 40.77% stake in a company called Zhongke Green for HK$57,898,000. That is £5m in sterling so quite a lot of change stating it will boost long term profits as presumably they were a supplier. Amazed we have so much money sloshing around as CNE is valued at about £5m so you would expect this deal to double our valuation but has barely flinched. How does company find that sort of money and not think it is better to buy back CNE shares? At least we know CNE is in great shape to pull this off but its all very odd if you ask me. Hopefully the start of being taken seriously by the HKex stock market as being an acquirer is generally positively received. The fact shares did not flinch continues to tell me the company is not making any effort to announce a major investment. No news on website but £5m invested for a large stake. Overall happy but underwhelmed by the share price that is 90% down on its HK IPO.

Vastly improved communications would also help to raise the level of trust shareholders have in the BoD.

As you say patience will be required.

Topmoney did move to a facebook group sometime ago so i am sure you could find it. i do sometimes have a look but it is really a waiting game and hope the next results give us an indication we have turned the corner. We have to get the Ethanol firing again as that is the backbone of the company but they have so much R&D and a pilot project in Hydrogen so we are in the right places but just need to steady the ship and stem the losses. At some point China and the rest of the world will all move to E10 as standard but China seemed to roll that back during covid. Share is very steady for now so i am confident we will push on if CNEL announce any big deal in Ethanol and return to profit. i hope they do and do not wait until next interims as the 6 month gap is painful without any updates except garbled news on the website.

Thank you for all your posts, Simms 45.

Really it's the only info we get for CNEL

You have filled the gap left by Topmoney

Best regards,

Share price has been flat for 7 months now since the jump in February from .12 to .18 so i suspect a lot of people have been trickle selling into that moderate rise. While i dont expect any news for another 5 months if a deal with Sunbird can happen or something else it could really help change momentum but we seem to be deep in the doldrums and just so little volume. The company are hibernating and does not appear capable of providing any meaningful update to shareholders. i will give it 12 months to see if anything can happen as without news we have no volume and we simply the trade sideways around .16.

Congratulations Scenic.

At very least you will no longer have the stress and worry of being in CNEL

Best regards,

Im also in a similar situation. Holding over 108k shares. MM's tried to force me to sell up 2hrs before the move to HKex, offer of 2p when shares were at 16p in UK

Now in limbo, can't trade. Cant buy, cant sell.

Get no sense from broker( Ig'nor ent lot) Held in limbo since the move to Hkex.

Don't trust the Bod any longer.

They offer very little information as to the companies progress or future.

Not really sure where we go from here. Difficult to get any advice.

Hi, I'm following this thread for a while, some years ago I bought CNEL shares (30,000); at the moment it looked like a good investment (no idea what I was thinking back then); must have been the companies range of business and growth I saw in it, or some tip I read somewhere. Anyhow, since then it all went weird, the stock changed from London to HongKong, stock was 'frozen' and when it went back on it seems it kind of lost all of its value. In my case I even am not able anymore to trade the share, as it is stuck in some kind of Limbo with my online stock broker, making me I am in in the long term anyway since I can trade the stock again. Last months I saw the stock rise from 0,8 HKD to 0,16 HKD. I wonder how you see the future for this stock, could this prove to be a good (lol) investment in +10 years, or are chanches bigger the company will go broke?

I think most regret investing in CNEL after what has happened, not just from the perspective of the share price, but also that we have money tied up with a board who, as you say takes part in culturally dubious activities. The jump to .16 was out of the blue and we still to this day have no idea why. Shares normally need to explain why the shares double in a day but not in Hong Kong. We are valued less than £9m so for me that seems low and i hope better times are ahead as we were led to believe that from start of year things have started to improve and company has plenty of patents and some decent R&D projects. i think i will hold as i cant believe the next results will not show some positive momentum and there is talk that there is a big project with Sunbird that might come to fruition. however the suffering of no news every 6 month and then reading a report that has almost no news in is depressing.

Above all strctly IMO of course. Scenicview.

Same situation. Bought in early based on the technology, the business opportunity and the hype on AIM. Lived through all the shenanigans with move to HK, locked out for many months, owners found to be fraudulent and more. Somewhere in the company background there is a person with an english name and there is a secretary with a chinese name. From time to time we get scraps of info from them. For the rest its pretty much full opaquicity. No notion of running a publicly quoted company whatsoever. With the background of China slowdown and un-verifiable business case, layered with suspicions of culturally driven business practises I'm finally getting out. And that is proving to be a challenge also.

Https://www1.hkexnews.hk/listedco/listconews/sehk/2023/0829/2023082901535.pdf

generally speaking the results do not really tell us much about future prospects only that the 6 months up to 31st June were lacklustre but they signed 16 contracts. They are still owed quite a lot of money so they need to be working hard to collect that but we have net assets of £18m or so and that is double market cap today. obviously without sharing news on value of any future contracts signed and any indication of future revenue it is hard to know whether they have turned the corner. When they release the final results PDF to investors this sometimes has more information but is a shame they are not divulging anything for investors to have more confidence in the business going forward, although i sense things are improving but key really is that company has reasonable cash and assets and working capital and really they need to secure some decent contracts and promote heavily their test projects to build their investor footprint. Sadly we know the score and they appear unable to do that but at least there is no delay to the accounts and hope that we get some uplift as locals find out new contracts that we do not. i am still unsure why we doubled earlier in the year so if we get another day like that sometime over the next few months that would help put me back to breakeven.

I think the market has taken the profit warning almost positively as today volume was mostly buys but the current market cap is so low that really any positive news they might want to share would have a bug upward impact. Certainly CNEL need to give a forward guidance as obviously things need to turn around but we accumulated high levels of profits in the past and as long we we continue to get payment for past work we should keep the cashflow looking positive. Just disappointing this is probably going back in the bottom draw for another 6 months and hope in the meantime the board can focus on communicating with shareholders and customers.

What is so frustrating is the lack of update on anything. How on earth they plan to grow operating as a hermit company is hard to fathom. Looks a £1.6m loss so not terrible but not good given i think Richard B said business was good since New Year. Key is in detail and whether the bod are playing with a straight bat as they are not trustworthy but hopefully NEDs are keeping a close eye but they have good tech but sadly not sharing or capitalising on that. I think market cap is so low that this will not have any impact but could be another 6 months before we learn anything.

Looks like Fat Heron's stuck in the trough again and Mei Ling's undercharging her clients.

All eyes will be on interims due 29th August as last 6 months really nothing had been shared but anecdotal that business was busy and so forth. Really quite bad given plenty must be going on that could and should be shared. Shareprice has jumped a little today so it might bode well in leadup to results next week as i am sure locals know a lot more than anyone else. Lets hope contracts and progress achieved and market cap today is bonkers at £9m or so if cnel have steadied the ship and made a profit we should see a decent re-rate.

Does anyone have any news on this lot at the moment? as its very quiet in here

While very little news has been released i am still unsure of the news that led to the doubling in the share price a month back. There has been no news i am aware of. surely when a share price doubles the company should be available to provide some news as it did not happen by mistake. The key at the moment is that the trend is positive and we are about to hit the recent high of .189. Would like to see us back to .45. We just need some have decent news as we stand at sub £10m valuation and that is still very low and to my knowledge CNEL were booming from the end of 2022 so 2023 should be a good year and back to profitability.

I have always been suspicious of the business model of CNEL as they differ considerably to business in the UK and elsewhere that when a company signs a contract they pay in advance for materials and fabrication and therefore protect the company should the client subsequently not pay their bills or cancel the contract. This is standard business practice but it appears CNEL effectively gets paid for materials in arrears meaning that we can only support deals relative to the amount of cash we have. if you read the 2022 results we had about 50m RMB / £5.5m of impairment losses that roughly translates to products shipped to clients that were subsequently not needed or shipped back and then independently valued at fair value and written off. That is crazy how CNEL operate as it opens us to massive financial risk. clearly any kit sent back from the client has almost no value as it will be bespoke. It maddens we have big impairment of £5m when the company is not willing to even buy back $500k of shares, worth less than 10% of their incompetent management? However it has also got me sadly thinking, based on slippery deals the bod got up to, that if you were up to no good a great strategy to get money out via the side door is a cosy deal with an end user to agree simply credit certain invoices and call them "impairment" and have a nice split of proceeds on the side? i hope not but sadly the board were caught red handed, albeit they fudged a way out, but someone explain how they can have £5m impairment charge in one year? Our retained profits have been hit hard and i worry the board are up to their tricks using a different strategy away from the auditors arms.

Ivy responded regarding the share buy back they agreed in December. it appears that even though the board were fully aware of the business profit in December when they voted for a share buy back it now appears they are rowing back on this as Ivy said they are not planning to do it now. What has changed or did they ever plan to do it? You might question where has the last 7 years of accumulated profits gone and why cant they find even $500k to but back up to 10% of the company at a 60% discount to NAV? Surely it is no brainer unless the company has done something else with our profits? I am starting to think the auditors need to check on profits and find out the whererabouts as currently we have less projects that at any point so theoretically we should have the most cash?

I recommend anyone to write to Ivy and request why the board made a decision to buy back 20% of shares but 5 months later have not done anything. We trade way below nav so its considerably improves shareholder value. Even a $1m buy back at current levels will make a considerable improvement to earnings per share. they said they would so why have they not done it yet?

i have sent several emails over the years to Ivy with limited response. I did see this so apparently we might need to write to their place of business in HK. I am tempted to try that as while my questions are very valid i have rarely had a response.

"Putting Enquiries by Shareholders to the Board
Shareholders may at any time send written enquiries to the Company for
the attention of the joint company secretary at the Company’s principal
place of business in Hong Kong. The Company will not normally deal with
verbal or anonymous enquiries.