Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
600905.SS
STRONG SELLREMOVEChina Three Gorges Renewables (Group) Co.,Ltd. · Utilities · China · $17.6B · Avg Vol: $132M/d
China Three Gorges Renewables operates in a highly capital-intensive utility sector with low asset turnover, failing the Terry Smith asset-light lens despite the general green energy tailwind.
COMPANY DESCRIPTION
China Three Gorges Renewables is a leading developer and operator of wind and solar power projects, with a particular focus on large-scale offshore wind farms. Backed by its parent, China Three Gorges Corporation, the company possesses superior access to capital, technology, and prime offshore wind resources. It is a fast-growing, state-owned renewable energy giant driving China's carbon neutrality goals.
FINANCIAL SUMMARY
| Year | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|
| Revenue | 3.5B | 3.9B | 4.4B | 4.2B | 6.0% |
| EPS | 0.04 | 0.04 | 0.03 | 0.02 | -19.5% |
| Shares | 28.6B | 28.6B | 28.6B | 28.6B | -0.1% |
| Debt | 19.4B | 23.5B | 27.7B | 30.1B | 15.8% |
| Equity | 11.4B | 12.2B | 12.8B | 13.1B | 4.7% |
| Op CF | 2.5B | 2.1B | 2.8B | 3.1B | 7.6% |
| Inv CF | -4.4B | -6.1B | -4.7B | -4.5B | — |
| Fin CF | 1.5B | 3.1B | 1.9B | 1.2B | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Utilities, ranked by industry match, size, and score similarity. Cross-listings of 600905.SS are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| 600905.SS | China Three Gorges Renewables (Group) Co.,Ltd.(you) | $17.6B | 17 | STRONG SELL |
| 001289.SZ | China Longyuan Power Group Corporation Limited | $23.2B | 30 | SELL |
| 600021.SS | Shanghai Electric Power Co., Ltd. | $9.3B | 9 | STRONG SELL |
| 600025.SS | Huaneng Lancang River Hydropower Inc. | $27.3B | 32 | SELL |
| 000539.SZ | Guangdong Electric Power Development Co., Ltd. | $6.9B | 24 | SELL |
| 600795.SS | GD Power Development Co.,Ltd | $13.6B | 39 | HOLD |
| 600032.SS | Zhejiang Provincial New Energy Investment Group Co., Ltd. | $3.8B | 16 | STRONG SELL |
| 000537.SZ | Green Development Electricity Group of Tianjin Co., Ltd. | $3.3B | 18 | STRONG SELL |
| 600886.SS | SDIC Power Holdings Co., Ltd | $16.9B | 60 | HOLD |
| 601778.SS | Jinko Power Technology Co., Ltd. | $3.3B | 28 | SELL |
Peer medians: ROE 7.7% · P/E 22.3x · Gross margin 24.8%