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Chinese solar power plant developer and operator, part of state-owned CECEP environmental-protection group.
Chinese solar power plant developer and operator, part of state-owned CECEP environmental-protection group.
Sells the electricity its plants produce to the grid at tariffs set under national rules; plants built in the earlier subsidy era also accrue central-government renewable subsidy payments, which often arrive years late. Output depends on sunshine hours and on how much the grid will accept in congested regions.
Moat: narrow (regulatory licence, scale). Backed by CECEP state group with access to solar-farm development quotas.
Headquarters: Beijing, China · Employees: 1,687
Size CECEP Solar Energy (000591.SZ) is a China Utilities company (Alternative Power Generation) with a market value of $2.65B, the 977th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.53 on 6 Nov 2026.
Performance Over six months the shares fell 9.2%, against -16.7% for the median peer and -16.4% for the China market (cap-weighted) — 6th highest of 19 in its peer set.
Growth Revenue fell 13.1% over the last twelve months (peer median +7.0%); the operating margin is 28.1% (peer median 24.3%).
Valuation It trades at 17.4× forward earnings against a peer median of 18.5× (9th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is +2 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.9 points below its cost of capital (5.0% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥4.64B | CN¥4.91B | CN¥6.00B | CN¥9.51B | CN¥9.21B |
| Revenue growth | — | -18% | -37% | +3% | — |
| Gross profit | CN¥3.32B | CN¥2.21B | CN¥2.63B | CN¥3.21B | CN¥2.97B |
| EBITDA | n/a | CN¥3.53B | CN¥3.68B | CN¥3.92B | CN¥3.88B |
| Net income | CN¥578M | CN¥823M | CN¥1.23B | CN¥1.58B | CN¥1.39B |
| Free cash flow | CN¥1.74B | CN¥278M | -CN¥1.72B | -CN¥764M | CN¥2.96B |
| Capital expenditure | CN¥2.46B | CN¥3.86B | CN¥3.63B | CN¥3.20B | CN¥2.17B |
| Total debt | CN¥27.3B | CN¥24.3B | CN¥22.1B | CN¥20.7B | CN¥21.8B |
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 |
|---|---|---|---|---|---|---|
| CECEP Solar Energy 000591.SZ | $2.65B | -9% | -13% | 28% | 17.4× | 0.4% |
| CHN Energy Changyuan Electric Power 000966.SZ | $1.99B | -16% | -9% | 1% | 22.4× | 6.6% |
| Xinyi Energy 3868.HK | $863M | -38% | +2% | 54% | 8.1× | -2.6% |
| China Three Gorges Renewables (Group) 600905.SS | $14.7B | -16% | -8% | 17% | 39.8× | n/a |
| SPIC Green Energy 000875.SZ | $2.34B | -34% | -4% | 16% | 35.0× | -0.2% |
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 | 000591.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.4% | -4.4% | 3rd highest of 21 |
| 6-month return | -9.2% | -16.7% | 6th highest of 19 |
| Distance from 52-week high | -33.4% | -28.4% | 10th lowest of 21 |
| Revenue growth (TTM) | -13.1% | +7.0% | 2nd lowest of 21 |
| Operating margin | 28.1% | 24.3% | 9th highest of 21 |
| Forward P/E | 17.4× | 18.5× | 9th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 0.4% | -0.4% | 4th most demanding of 10 |
| Growth delivered (Del g) | -1.5% | +7.5% | 3rd lowest of 10 |
| Hurdle (Req g minus delivered) | +1.9 pp | -12.5 pp | 3rd most demanding of 10 |
| ROIC minus cost of capital | -0.9 pp | -1.5 pp | 10th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| CECEP Solar Energy 000591.SZ | China | $2.65B | -9% | -13% | 28% | 17.4× | 0.4% | -1.5% |
| Fervo Energy FRVO | United States | $2.66B | n/a | -31% | -35,367% | n/a | n/a | n/a |
| ReNew Energy Global RNW | United States | $2.53B | +23% | +11% | 42% | 26.4× | n/a | n/a |
| Solaria Energia y Medio Ambiente SLR.MC | Spain | $2.40B | -33% | +26% | 92% | 11.2× | n/a | n/a |
| Aker Solutions AKSO.OL | Norway | $1.89B | -17% | -9% | 5% | 5.8× | -14.7% | +16.9% |
| ERG ERG.MI | Italy | $3.77B | -3% | +5% | 28% | 19.4× | 10.0% | -2.8% |
| Grandtop Yongxing 601033.SS | China | $1.83B | -2% | +6% | 26% | 14.0× | -5.1% | +18.4% |
| Luenmei Quantum 600167.SS | China | $1.76B | -21% | -11% | 15% | 19.4× | -8.9% | -2.1% |
| Jiaze Renewables 601619.SS | China | $1.65B | -34% | -5% | 43% | 15.0× | 0.2% | +19.7% |
| Nyocor 600821.SS | China | $1.63B | -29% | -12% | 12% | 40.5× | 6.8% | +20.6% |
| Clean Max Enviro Energy Solutions CLEANMAX.NS | India | $1.57B | +8% | +28% | 44% | 107.0× | n/a | n/a |
| Fujian Funeng 600483.SS | China | $4.53B | +9% | -1% | 22% | 10.7× | -4.9% | +7.5% |
| Juniper Green Energy JNPR.NS | India | $1.54B | n/a | +1,313% | 52% | 100.5× | n/a | n/a |
| Hubei Energy 000883.SZ | China | $4.58B | -11% | -5% | 15% | 17.6× | -0.4% | +0.6% |
| Scatec SCATC.OL | Norway | $1.50B | -16% | +16% | 29% | n/a | n/a | n/a |
| XPLR Infrastructure, LP XIFR | United States | $1.38B | -38% | -1% | 3% | 3.0× | n/a | n/a |
| Alerion Clean Power ARN.MI | Italy | $1.11B | -35% | +13% | 51% | 16.4× | n/a | n/a |
| Cox Infrastructure COXG.MC | Spain | $1.05B | -12% | +72% | 9% | 10.1× | n/a | n/a |
| Clearway Energy CWEN | United States | $7.00B | -11% | +8% | 13% | 56.4× | 33.1% | +2.4% |
| NTPC Green Energy NTPCGREEN.NS | India | $7.37B | -24% | +49% | 50% | 59.8× | n/a | n/a |
| SK Eternix 475150.KS | South Korea | $949M | -35% | +39% | 9% | 40.0× | n/a | n/a |