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Coal-fired power generator in Hubei province, majority owned by state giant China Energy Investment Group.
Coal-fired power generator in Hubei province, majority owned by state giant China Energy Investment Group.
Sells electricity from its coal plants to the provincial grid at tariffs set or capped by regulators, while fuel is the main variable cost, so earnings depend on the gap between those tariffs and coal prices and on how many hours the grid runs its units.
Moat: none (scale, parent backing). Backed by China Energy's coal supply chain, but tariffs are regulated and margins coal-cost driven.
Headquarters: Wuhan, Hubei, China · Employees: 6,064
Size CHN Energy Changyuan Electric Power (000966.SZ) is a China Utilities company (Electric Utilities) with a market value of $1.99B, the 1273rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.81 on 6 Nov 2026.
Performance Over six months the shares fell 16.4%, against -22.8% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue fell 8.7% over the last twelve months (peer median -0.5%); the operating margin is 0.5% (peer median 11.3%).
Valuation It trades at 0.98× book value against a peer median of 0.96× (10th most expensive of 21).
Price implies The share price implies a return on equity of about 7.0%; CHN Energy Changyuan Electric Power delivers -1.9%, so the price asks more than the business earns today.
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥13.7B | CN¥13.5B | CN¥17.4B | CN¥14.4B | CN¥14.6B |
| Revenue growth | — | -22% | +20% | -1% | — |
| Gross profit | CN¥2.05B | CN¥690M | CN¥1.73B | CN¥1.21B | CN¥668M |
| EBITDA | n/a | CN¥2.37B | CN¥3.30B | CN¥2.43B | CN¥1.61B |
| Net income | -CN¥265M | -CN¥66.2M | CN¥715M | CN¥349M | CN¥123M |
| Free cash flow | CN¥564M | -CN¥485M | -CN¥1.34B | -CN¥4.53B | -CN¥7.53B |
| Capital expenditure | CN¥2.41B | CN¥3.53B | CN¥5.31B | CN¥6.90B | CN¥8.33B |
| Total debt | CN¥23.3B | CN¥23.8B | CN¥22.9B | CN¥24.1B | CN¥18.4B |
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 | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| CHN Energy Changyuan Electric Power 000966.SZ | $1.99B | -16% | -9% | -2% | 0.98× | 7.0% |
| Datang Huayin Electric Power 600744.SS | $1.83B | -30% | -10% | -12% | 9.60× | 65.6% |
| Hubei Energy 000883.SZ | $4.58B | -11% | -5% | 3% | 0.81× | 4.7% |
| Huaneng Power International 600011.SS | $16.4B | +9% | -5% | 3% | 0.84× | 4.4% |
| Huadian Power International 600027.SS | $8.61B | +3% | -7% | 7% | 1.18× | 3.7% |
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 | 000966.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.9% | -2.7% | 8th lowest of 21 |
| 6-month return | -16.4% | -22.8% | 10th highest of 21 |
| Return on equity | -1.9% | 7.1% | 3rd lowest of 21 |
| Price / book | 0.98× | 0.96× | 10th most expensive of 21 |
| ROE the price implies | 7.0% | 7.3% | 10th least demanding of 20 |
| ROE delivered | -1.9% | 6.7% | 3rd lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| CHN Energy Changyuan Electric Power 000966.SZ | China | $1.99B | -16% | -9% | -2% | 0.98× | 7.0% | -1.9% |
| Chongqing Fuling Electric Power Industrial 600452.SS | China | $2.00B | -25% | -7% | 8% | 2.30× | 18.6% | 7.6% |
| HCIG Energy Investment 000600.SZ | China | $2.01B | -31% | -12% | 7% | 0.96× | 5.7% | 7.4% |
| Guangdong Baolihua New Energy Stock 000690.SZ | China | $1.87B | +9% | +1% | 8% | 0.95× | 4.8% | 7.5% |
| Henan Yuneng 001896.SZ | China | $2.14B | -39% | -6% | 6% | 3.92× | 33.6% | 5.7% |
| Datang Huayin Electric Power 600744.SS | China | $1.83B | -30% | -10% | -12% | 9.60× | 65.6% | -11.8% |
| Huadian Liaoning Energy Development 600396.SS | China | $2.23B | +2% | 0% | -6% | 11.35× | 26.9% | -5.5% |
| MVV Energie MVV1.DE | Germany | $2.23B | +1% | -8% | 2% | 0.87× | 4.5% | 1.9% |
| CESC CESC.NS | India | $1.77B | -32% | +9% | 13% | 1.34× | 22.2% | n/a |
| Beijing Jingneng Clean Energy 0579.HK | Hong Kong | $1.74B | -27% | -1% | 7% | 0.34× | 4.4% | 6.7% |
| Chongqing Three Gorges Water Conservancy and Electric Power 600116.SS | China | $1.73B | -8% | +4% | 6% | 0.97× | 5.4% | 5.7% |
| Shikoku Electric Power 9507.T | Japan | $2.33B | +24% | -3% | 9% | 0.77× | 4.4% | 8.5% |
| SPIC Green Energy 000875.SZ | China | $2.34B | -34% | -4% | 1% | 0.89× | 6.7% | 0.7% |
| Romande Energie REHN.SW | Switzerland | $1.68B | -1% | +2% | 4% | 0.58× | n/a | 4.1% |
| SJVN SJVN.NS | India | $2.38B | -28% | +99% | 7% | 1.50× | 24.0% | 6.7% |
| Chugoku Electric Power 9504.T | Japan | $2.41B | +18% | 0% | 9% | 0.49× | 4.4% | n/a |
| Central Puerto SA Sponsored ADR CEPU | United States | $1.64B | -29% | +51% | 18% | 0.75× | 7.6% | 17.8% |
| Dynagreen Environmental Protection 601330.SS | China | $1.63B | -4% | +11% | 8% | 1.32× | 7.3% | 8.4% |
| Nava NAVA.NS | India | $1.59B | -26% | +9% | 10% | 1.71× | 29.4% | n/a |
| An Hui Wenergy 000543.SZ | China | $2.52B | -8% | -18% | 8% | 0.96× | 3.2% | 7.8% |
| Jiangsu New Energy Development 603693.SS | China | $1.56B | -21% | -3% | 5% | 1.45× | 10.4% | 4.9% |