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Coal-fired power generation company operating plants across Henan province, selling electricity to the provincial grid.
Coal-fired power generation company operating plants across Henan province, selling electricity to the provincial grid.
Sells nearly all its electricity to the provincial grid at tariffs set under national rules, which since 2021 let coal-fired generators float prices within a band to reflect fuel costs, so margins depend on how much of the coal cost can be passed on. Coal is bought on both contract and spot markets.
Moat: none (scale). Regulated on-grid tariffs and coal-cost pass-through leave generators little pricing power.
Headquarters: Zhengzhou, Henan, China · Employees: 3,457
Size Henan Yuneng (001896.SZ) is a China Utilities company (Electric Utilities) with a market value of $2.14B, the 1185th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥9.37 on 6 Nov 2026.
Performance Over six months the shares fell 38.5%, against -12.4% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue fell 6.4% over the last twelve months (peer median -0.5%); the operating margin is 4.7% (peer median 9.0%).
Valuation It trades at 3.92× book value against a peer median of 0.96× (3rd most expensive of 21).
Price implies The share price implies a return on equity of about 33.6%; Henan Yuneng delivers 5.7%, so the price asks more than the business earns today.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥10.7B | CN¥11.2B | CN¥12.0B | CN¥12.0B | CN¥13.1B |
| Revenue growth | — | -7% | +1% | -9% | — |
| Gross profit | CN¥2.02B | CN¥1.47B | CN¥721M | CN¥288M | -CN¥1.36B |
| EBITDA | n/a | CN¥2.60B | CN¥1.92B | CN¥1.48B | -CN¥423M |
| Net income | CN¥204M | CN¥390M | -CN¥121M | -CN¥554M | -CN¥2.14B |
| Free cash flow | -CN¥880M | CN¥1.59B | CN¥226M | -CN¥1.35B | -CN¥1.93B |
| Capital expenditure | CN¥1.94B | CN¥1.95B | CN¥2.15B | CN¥2.11B | CN¥1.90B |
| Total debt | CN¥26.0B | CN¥24.6B | CN¥25.3B | CN¥24.8B | CN¥23.3B |
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 |
|---|---|---|---|---|---|---|
| Henan Yuneng 001896.SZ | $2.14B | -39% | -6% | 6% | 3.92× | 33.6% |
| 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% |
| Datang International Power Generation 601991.SS | $10.8B | +14% | 0% | 20% | 2.37× | 11.8% |
| SDIC Power 600886.SS | $19.0B | +16% | -3% | 10% | 1.84× | 5.2% |
| An Hui Wenergy 000543.SZ | $2.52B | -8% | -18% | 8% | 0.96× | 3.2% |
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 | 001896.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.3% | -2.7% | 3rd lowest of 21 |
| 6-month return | -38.5% | -12.4% | lowest of 21 |
| Return on equity | 5.8% | 7.5% | 8th lowest of 21 |
| Price / book | 3.92× | 0.96× | 3rd most expensive of 21 |
| Trailing P/E | 70.1× | 14.2× | 2nd most expensive of 16 |
| ROE the price implies | 33.6% | 7.0% | 2nd most demanding of 20 |
| ROE delivered | 5.7% | 6.7% | 8th lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Henan Yuneng 001896.SZ | China | $2.14B | -39% | -6% | 6% | 3.92× | 33.6% | 5.7% |
| 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% |
| HCIG Energy Investment 000600.SZ | China | $2.01B | -31% | -12% | 7% | 0.96× | 5.7% | 7.4% |
| Chongqing Fuling Electric Power Industrial 600452.SS | China | $2.00B | -25% | -7% | 8% | 2.30× | 18.6% | 7.6% |
| CHN Energy Changyuan Electric Power 000966.SZ | China | $1.99B | -16% | -9% | -2% | 0.98× | 7.0% | -1.9% |
| 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% |
| 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 |
| Guangdong Baolihua New Energy Stock 000690.SZ | China | $1.87B | +9% | +1% | 8% | 0.95× | 4.8% | 7.5% |
| Datang Huayin Electric Power 600744.SS | China | $1.83B | -30% | -10% | -12% | 9.60× | 65.6% | -11.8% |
| An Hui Wenergy 000543.SZ | China | $2.52B | -8% | -18% | 8% | 0.96× | 3.2% | 7.8% |
| State Grid Information & Communication 600131.SS | China | $2.55B | -17% | +13% | 9% | 2.57× | 15.4% | 9.1% |
| 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% |
| Romande Energie REHN.SW | Switzerland | $1.68B | -1% | +2% | 4% | 0.58× | n/a | 4.1% |
| Enea ENA.WA | Poland | $2.80B | -3% | -11% | 11% | 0.65× | 7.5% | 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% |