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Spinoff from China Resources Power that invests in, builds and operates wind and solar power plants across China.
Spinoff from China Resources Power that invests in, builds and operates wind and solar power plants across China.
Sells the electricity its wind and solar farms generate, mostly to the two state grid companies, so earnings follow wind and sunshine and the tariff rules in force. Part of the state-owned China Resources group, it develops and builds plants as well as operating them.
In one line: A large Chinese state-owned NextEra Energy Resources.
Moat: narrow (scale, regulatory licence, installed base). State-backed developer with one of China's largest grid-connected renewable fleets.
Headquarters: Shenzhen, China · Founded: 2010
Size China Resources New Energy (001248.SZ) is a China Financials company (Financial Conglomerates) with a market value of $21.5B, the 97th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥10.77 on 6 Nov 2026.
Growth Revenue grew 0.1% over the last twelve months (peer median +2.9%); the operating margin is 42.0% (peer median 29.8%).
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | n/a | CN¥22.8B | CN¥22.8B | CN¥20.4B |
| Revenue growth | — | 0% | +11% | — |
| Gross profit | n/a | CN¥10.8B | CN¥12.5B | CN¥12.2B |
| EBITDA | n/a | CN¥19.0B | CN¥19.3B | CN¥17.4B |
| Net income | n/a | CN¥6.10B | CN¥7.95B | CN¥8.28B |
| Free cash flow | n/a | -CN¥14.3B | -CN¥18.8B | -CN¥13.2B |
| Capital expenditure | n/a | CN¥34.4B | CN¥34.6B | CN¥26.9B |
| Total debt | CN¥102B | CN¥113B | CN¥91.2B | CN¥69.9B |
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| China Resources New Energy 001248.SZ | $21.5B | n/a | 0% | 42% | n/a | n/a |
| China Longyuan Power 0916.HK | $13.8B | -17% | -6% | 27% | 8.4× | 0.6% |
| China Three Gorges Renewables (Group) 600905.SS | $14.7B | -16% | -8% | 17% | 12.0× | n/a |
| China Datang Corp. Renewable Power 1798.HK | $904M | -42% | -6% | 21% | 8.3× | n/a |
| China Res Power 0836.HK | $13.5B | +6% | +2% | 18% | 3.3× | 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 | 001248.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.8% | +5.0% | 4th lowest of 20 |
| Distance from 52-week high | -64.3% | -12.8% | lowest of 20 |
| Revenue growth (TTM) | +0.1% | +2.9% | 8th lowest of 20 |
| Operating margin | 42.0% | 29.8% | 8th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Resources New Energy 001248.SZ | China | $21.5B | n/a | 0% | 42% | n/a | n/a | n/a |
| Industrivarden INDU-A.ST | Sweden | $23.4B | +9% | -1% | 569% | n/a | n/a | n/a |
| Exor EXO.AS | Netherlands | $26.2B | +10% | +59% | -384% | n/a | n/a | n/a |
| HAL Trust HAL.AS | Netherlands | $17.2B | +1% | -5% | 14% | n/a | n/a | n/a |
| Julius Baer Gruppe BAER.SW | Switzerland | $17.1B | +2% | 0% | 30% | n/a | n/a | n/a |
| Jio Financial Services JIOFIN.NS | India | $16.2B | -8% | +117% | 40% | n/a | n/a | n/a |
| Ts Financial 2887.TW | Taiwan | $29.2B | +62% | +200% | 19% | n/a | n/a | n/a |
| L E Lundbergforetagen LUND-B.ST | Sweden | $15.3B | +16% | -4% | 28% | n/a | n/a | n/a |
| Investment AB Latour LATO-B.ST | Sweden | $14.2B | +19% | +3% | 15% | n/a | n/a | n/a |
| Ares Capital ARCC | United States | $13.8B | +1% | -8% | 61% | n/a | n/a | n/a |
| Bajaj Holdings & Investment BAJAJHLDNG.NS | India | $13.0B | +4% | -14% | 80% | n/a | n/a | n/a |
| Washington H. Soul Pattinson and SOL.AX | Australia | $12.5B | +12% | +143% | -9% | n/a | n/a | n/a |
| BitMine Immersion Technologies BMNR | United States | $11.3B | -15% | +1,022% | -485% | n/a | n/a | n/a |
| SBI 8473.T | Japan | $11.2B | -13% | +20% | 40% | n/a | n/a | n/a |
| M&G MNG.L | United Kingdom | $10.3B | +7% | +68% | 8% | n/a | n/a | n/a |
| Aker AKER.OL | Norway | $8.60B | -7% | -17% | 226% | n/a | n/a | n/a |
| Brookfield Business BBUC.TO | Canada | $6.15B | -9% | +106% | 13% | n/a | n/a | n/a |
| Onex ONEX.TO | Canada | $5.91B | -7% | +2% | 173% | n/a | n/a | n/a |
| Azimut AZM.MI | Italy | $5.70B | -1% | +17% | 46% | n/a | n/a | n/a |
| Blue Owl Capital OBDC | United States | $5.39B | -4% | +1% | 54% | n/a | n/a | n/a |