What is Zhejiang Provincial New Energy Investment Group Co., Ltd.'s (600032.SS) StockRank?

MoatMap's StockRank for Zhejiang Provincial New Energy Investment Group Co., Ltd. (600032.SS) is 16/100, with a Strong Sell signal. This is a composite score combining Quality (39), Value (24), and Momentum (43) factor ranks across MoatMap's 19,000+ stock universe.

Does Zhejiang Provincial New Energy Investment Group Co., Ltd. have an economic moat?

Zhejiang Provincial New Energy Investment Group Co., Ltd. (600032.SS) has a Quality factor score of 39/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

Is Zhejiang Provincial New Energy Investment Group Co., Ltd. a buy, hold, or sell?

MoatMap's current signal for Zhejiang Provincial New Energy Investment Group Co., Ltd. (600032.SS) is Strong Sell, based on a StockRank of 16/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.

What sector is Zhejiang Provincial New Energy Investment Group Co., Ltd. in?

Zhejiang Provincial New Energy Investment Group Co., Ltd. (600032.SS) operates in the Utilities sector, specifically the Utilities - Renewable industry (China).

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600032.SS

STRONG SELLREMOVE

Zhejiang Provincial New Energy Investment Group Co., Ltd. · Utilities · China · $3.8B · Avg Vol: $98M/d

StockRank

P/E (TTM)

45.5x

ROE

3.4%

D/E

1.8x

Dividend %

0.7%

Director Trades · 180d

None in 180d →

Buybacks · 180d

None in 180d →

AI CONVICTION THESIS

While aligned with the green energy transition, as a state-regulated utility it lacks pricing power and suffers from high capital intensity, failing our requirement for asset-light compounders with high ROIC.

COMPANY DESCRIPTION

Zhejiang Provincial New Energy Investment Group Co., Ltd. focuses on the development, investment, and operation of renewable energy projects, including wind, solar, and hydroelectric power. As a key state-owned enterprise in Zhejiang province, it benefits from strong regional policy support and guaranteed grid connections. The company's expanding portfolio of clean energy assets positions it well to capitalize on China's national decarbonization initiatives.

FINANCIAL SUMMARY

Year	2022	2023	2024	2025	CAGR
Revenue	680M	669M	733M	721M	2.0%
EPS	0.06	0.04	0.03	0.03	-17.4%
Shares	2.1B	2.4B	2.4B	2.4B	+15.6%
Debt	3.9B	4.2B	4.8B	4.9B	8.2%
Equity	1.3B	1.8B	1.8B	1.9B	14.1%
Op CF	430M	364M	417M	665M	15.6%
Inv CF	-818M	-710M	-382M	-439M	—
Fin CF	179M	349M	-119M	-158M	—

PRICE (1M)-20.3%

SMA 50SMA 200

$1.23

RSI (14)

41.5

52W High

$2.08

From 52W High

0.6%

SCORE BREAKDOWN

Quality

ROIC

3.8%26.6

ROE

3.4%22.4

GP/Assets

3.1%8.7

Op. Margin

17.2%50.2

FCF/Assets

-0.3%55.7

Piotroski

—81.9

Int. Cover

1.9x22.3

D/E Ratio

1.82x21.3

Current Ratio

1.42x73.1

Value

P/E (TTM)

45.5x13.3

EV/EBITDA

—N/A

P/FCF

—N/A

P/B

1.6x48.6

P/S

4.4x16.8

Div Yield

0.7%12.2

Momentum

52W High %

59%13.3

RS 6M

6%71.5

SMA 50/200

1.19x91.0

EPS Rev 4W

—N/A

EPS Rev 12W

—N/A

EPS Improve

—N/A

Q Growth

-66%4.7

FUNDAMENTALS

Market Cap

$3.8B

P/E (Forward)

—

Gross Margin

37.8%

SECTOR PEERS

Closest peers in Utilities, ranked by industry match, size, and score similarity. Cross-listings of 600032.SS are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
600032.SS	Zhejiang Provincial New Energy Investment Group Co., Ltd.(you)	$3.8B	16	STRONG SELL
000537.SZ	Green Development Electricity Group of Tianjin Co., Ltd.	$3.3B	18	STRONG SELL
601778.SS	Jinko Power Technology Co., Ltd.	$3.3B	28	SELL
000539.SZ	Guangdong Electric Power Development Co., Ltd.	$6.9B	24	SELL
600131.SS	State Grid Information & Communication Co., Ltd.	$3.1B	34	SELL
605580.SS	Hengsheng Energy Co., Ltd	$1.3B	14	STRONG SELL
605011.SS	Hangzhou Cogeneration Group Co., Ltd.	$1.3B	21	SELL
600021.SS	Shanghai Electric Power Co., Ltd.	$9.3B	9	STRONG SELL
600821.SS	NYOCOR Co., Ltd.	$2.4B	33	SELL
600310.SS	Guangxi Energy Co., Ltd.	$1.3B	8	STRONG SELL

Peer medians: ROE 7.7% · P/E 22.3x · Gross margin 24.8%

Zhejiang Provincial New Energy Investment Group Co., Ltd. (600032.SS) — Stock Score Summary

Zhejiang Provincial New Energy Investment Group Co., Ltd. (600032.SS) has a MoatMap StockRank of 16/100 based on Quality (39/100), Value (24/100), and Momentum (43/100) factor scores. The current signal is STRONG SELL. While aligned with the green energy transition, as a state-regulated utility it lacks pricing power and suffers from high capital intensity, failing our requirement for asset-light compounders with high ROIC.

Key Financial Metrics

Price	$1.23
Market Cap	$3.8B
P/E (TTM)	45.47
Price/Book	1.62
Return on Equity	3.4%
Return on Invested Capital	3.8%
Debt/Equity	182.35
Gross Margin	37.8%
Operating Margin	17.2%
Revenue Growth	-10.7%
Dividend Yield	0.7%
Free Cash Flow	$-3M

Zhejiang Provincial New Energy Investment Group Co., Ltd. operates in the Utilities - Renewable industry, part of the Utilities sector (China).

Frequently Asked Questions

What is Zhejiang Provincial New Energy Investment Group Co., Ltd.’s (600032.SS) StockRank?: MoatMap’s StockRank for Zhejiang Provincial New Energy Investment Group Co., Ltd. (600032.SS) is 16/100, with a Strong Sell signal. It is a composite of Quality (39), Value (24), and Momentum (43) factor ranks across MoatMap’s 19,000+ stock universe.
Does Zhejiang Provincial New Energy Investment Group Co., Ltd. have an economic moat?: Zhejiang Provincial New Energy Investment Group Co., Ltd. (600032.SS) has a Quality factor score of 39/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Zhejiang Provincial New Energy Investment Group Co., Ltd. a buy, hold, or sell?: MoatMap’s current signal for Zhejiang Provincial New Energy Investment Group Co., Ltd. (600032.SS) is Strong Sell, based on a StockRank of 16/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Zhejiang Provincial New Energy Investment Group Co., Ltd. in?: Zhejiang Provincial New Energy Investment Group Co., Ltd. (600032.SS) operates in the Utilities sector, specifically the Utilities - Renewable industry (China).