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Tianjin company that shifted from real-estate development into investing in and operating wind and solar power plants.
Tianjin company that shifted from real-estate development into investing in and operating wind and solar power plants.
Sells electricity from wind and solar farms to the grid at government-guided or market-linked prices, so income follows wind speed, sunshine and how much power the grid will take. Output from older projects may also earn state renewable-subsidy payments, which are often paid late.
In one line: A Chinese developer pivoted into renewable power generation.
Moat: narrow (regulatory licence, installed base). Built renewable project pipeline and grid-connection approvals are slow for new entrants to match.
Headquarters: Tianjin, China · Employees: 1,404
Size Green Development Electricity Group of Tianjin (000537.SZ) is a China Real Estate company (Real Estate Development) with a market value of $2.19B, the 1166th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥7.09 on 6 Nov 2026.
Performance Over six months the shares fell 28.3%, against -5.0% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 13.4% over the last twelve months (peer median +8.2%); the operating margin is 31.2% (peer median 22.5%).
Valuation It trades at 37.3× forward earnings against a peer median of 13.0× (2nd most expensive of 19).
Next results Next results expected around 4 May 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.24B | CN¥4.88B | CN¥3.82B | CN¥3.68B | CN¥3.42B |
| Revenue growth | — | +28% | +4% | +8% | — |
| Gross profit | CN¥3.85B | CN¥2.27B | CN¥2.03B | CN¥1.91B | CN¥1.76B |
| EBITDA | n/a | CN¥4.22B | CN¥3.11B | CN¥2.98B | CN¥2.79B |
| Net income | CN¥362M | CN¥801M | CN¥1.01B | CN¥920M | CN¥634M |
| Free cash flow | -CN¥2.96B | -CN¥6.48B | -CN¥19.2B | -CN¥22.4B | -CN¥8.15B |
| Capital expenditure | CN¥7.62B | CN¥11.4B | CN¥21.0B | CN¥24.9B | CN¥3.11B |
| Total debt | CN¥63.7B | CN¥67.3B | CN¥58.8B | CN¥43.9B | CN¥18.0B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Green Development Electricity Group of Tianjin 000537.SZ | $2.19B | -28% | +13% | 31% | 37.3× | n/a |
| Zhongmin Energy 600163.SS | $1.49B | -15% | +18% | 49% | 15.5× | -9.8% |
| China Three Gorges Renewables (Group) 600905.SS | $14.7B | -16% | -8% | 17% | 39.8× | n/a |
| China Datang Corp. Renewable Power 1798.HK | $904M | -42% | -6% | 21% | 8.8× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 000537.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.3% | +1.4% | 4th lowest of 21 |
| 6-month return | -28.3% | -5.0% | 3rd lowest of 21 |
| Distance from 52-week high | -48.5% | -22.9% | lowest of 21 |
| Revenue growth (TTM) | +13.4% | +8.2% | 7th highest of 21 |
| Operating margin | 31.2% | 22.5% | 10th highest of 21 |
| Forward P/E | 37.3× | 13.0× | 2nd most expensive of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Green Development Electricity Group of Tianjin 000537.SZ | China | $2.19B | -28% | +13% | 31% | 37.3× | n/a | n/a |
| Hysan Development 0014.HK | Hong Kong | $2.16B | -20% | -2% | 72% | 7.5× | n/a | n/a |
| Newmark NMRK | United States | $2.16B | -29% | +16% | 7% | 6.1× | n/a | n/a |
| Hang Lung 0010.HK | Hong Kong | $2.14B | -25% | +9% | 53% | n/a | n/a | n/a |
| Lumo Homes LUMO.HE | Finland | $2.14B | -3% | +1% | 59% | 15.8× | n/a | n/a |
| Sirius Real Estate SRE.L | United Kingdom | $2.14B | +1% | +13% | 41% | 13.6× | n/a | n/a |
| Hufvudstaden HUFV-A.ST | Sweden | $2.14B | -5% | -4% | 47% | 20.9× | n/a | n/a |
| Country Garden Services 6098.HK | Hong Kong | $2.13B | -21% | +11% | 4% | 7.0× | n/a | n/a |
| Winnovation Culturaltainment Development Limited 000620.SZ | China | $2.12B | -6% | +14% | -39% | 66.0× | n/a | n/a |
| Investis IREN.SW | Switzerland | $2.26B | -2% | +10% | 67% | 32.9× | n/a | n/a |
| Wihlborgs Fastigheter WIHL.ST | Sweden | $2.28B | -14% | +7% | 70% | 10.8× | n/a | n/a |
| Relo 8876.T | Japan | $2.30B | +21% | +7% | 20% | 15.5× | n/a | n/a |
| Altarea SCA ALTA.PA | France | $2.05B | -31% | -20% | 9% | 9.9× | n/a | n/a |
| Neinor Homes HOME.MC | Spain | $2.04B | +10% | +165% | 10% | 13.0× | n/a | n/a |
| Fabege FABG.ST | Sweden | $2.02B | -16% | +27% | 59% | 14.7× | n/a | n/a |
| Nanjing Gaoke 600064.SS | China | $2.00B | -4% | +4% | -18% | 5.8× | n/a | n/a |
| Leopalace21 8848.T | Japan | $1.99B | +52% | +3% | 8% | 13.0× | n/a | n/a |
| China Enterprise 600675.SS | China | $1.98B | -15% | -35% | 4% | n/a | n/a | n/a |
| Highwealth Construction 2542.TW | Taiwan | $2.42B | -5% | +111% | 25% | 4.3× | n/a | n/a |
| Metrovacesa MVC.MC | Spain | $1.95B | -5% | +58% | 13% | 26.4× | n/a | n/a |
| Argan ARG.PA | France | $1.95B | +14% | +5% | 78% | 11.2× | n/a | n/a |