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State-backed Chinese environmental-protection company operating waste-to-energy plants and environmental engineering equipment.
State-backed Chinese environmental-protection company operating waste-to-energy plants and environmental engineering equipment.
Plants run under long municipal concessions are paid twice: a per-tonne fee from the city for taking its waste, and electricity sold to the grid at a set tariff. Engineering and equipment work is project-based and lumpier. The state-owned CECEP group controls the company.
Moat: narrow (regulatory licence, scale). Backed by state-owned CECEP group, holding municipal waste-treatment concessions.
Headquarters: Beijing, China · Employees: 4,402
Size CECEP Environmental Protection (300140.SZ) is a China Industrials company (Miscellaneous Commercial Services) with a market value of $2.51B, the 1027th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥5.41 on 6 Nov 2026.
Performance Over six months the shares fell 18.3%, against +3.1% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue fell 1.8% over the last twelve months (peer median +20.1%); the operating margin is 23.4% (peer median 16.3%).
Valuation It trades at 4.3× enterprise value to sales against a peer median of 2.9× (7th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +26%, so the hurdle is -27 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.8 points above its cost of capital (6.4% WACC).
Next results Next results expected around 19 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.91B | CN¥5.97B | CN¥5.90B | CN¥6.13B | CN¥6.38B |
| Revenue growth | — | +1% | -4% | -4% | — |
| Gross profit | CN¥3.13B | CN¥2.13B | CN¥2.03B | CN¥2.02B | CN¥2.02B |
| EBITDA | n/a | CN¥2.48B | CN¥2.37B | CN¥2.35B | CN¥2.35B |
| Net income | CN¥897M | CN¥871M | CN¥605M | CN¥708M | CN¥603M |
| Free cash flow | CN¥1.66B | CN¥1.66B | CN¥1.16B | CN¥478M | CN¥233M |
| Capital expenditure | CN¥423M | CN¥540M | CN¥714M | CN¥1.44B | CN¥2.46B |
| Total debt | CN¥10.1B | CN¥10.9B | CN¥12.1B | CN¥14.8B | CN¥14.2B |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| CECEP Environmental Protection 300140.SZ | $2.51B | -18% | -2% | 23% | 4.3× | -1.2% |
| China Everbright Environment 0257.HK | $3.91B | -11% | -5% | 29% | 4.8× | -0.1% |
| Zijin Longking 600388.SS | $3.70B | -6% | +13% | 11% | 2.1× | n/a |
| Grandblue Environment 600323.SS | $3.78B | -3% | +24% | 24% | 3.8× | -4.7% |
| Chongqing Sanfeng Environment 601827.SS | $2.00B | -3% | +5% | 27% | 2.9× | -11.4% |
| Shanghai Environment 601200.SS | $1.40B | -16% | -10% | 18% | 3.5× | -2.6% |
| Zhejiang Weiming Environment Protection 603568.SS | $4.01B | -27% | -25% | 36% | 6.6× | 6.4% |
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 | 300140.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.9% | -3.1% | 8th highest of 21 |
| 6-month return | -18.3% | +3.1% | 6th lowest of 21 |
| Distance from 52-week high | -36.0% | -22.7% | 7th lowest of 21 |
| Revenue growth (TTM) | -1.8% | +20.1% | 2nd lowest of 21 |
| Operating margin | 23.4% | 16.3% | 8th highest of 21 |
| EV / Sales | 4.3× | 2.9× | 7th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | -1.2% | 5.2% | 7th least demanding of 16 |
| Growth delivered (Del g) | +26.0% | +13.9% | 6th highest of 15 |
| Hurdle (Req g minus delivered) | -27.2 pp | -9.0 pp | 3rd least demanding of 15 |
| ROIC minus cost of capital | +0.8 pp | +2.1 pp | 9th lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| CECEP Environmental Protection 300140.SZ | China | $2.51B | -18% | -2% | 23% | 4.3× | -1.2% | +26.0% |
| Visional 4194.T | Japan | $2.51B | +32% | +24% | 25% | 3.1× | -2.4% | +28.2% |
| KWS SAAT SE & Co KGaA KWS.DE | Germany | $2.48B | -12% | -3% | 15% | 1.4× | -8.2% | +4.4% |
| S-1 012750.KS | South Korea | $2.45B | +14% | +1% | 7% | 1.1× | -1.2% | +5.4% |
| Shanghai GenTech 688596.SS | China | $2.42B | +56% | +4% | 2% | 3.5× | n/a | n/a |
| Hui Lyu Ecological Technology Groups 001267.SZ | China | $2.61B | -59% | +90% | 10% | 7.9× | n/a | n/a |
| International Workplace IWG.L | United Kingdom | $2.63B | +12% | 0% | 4% | 2.6× | 33.6% | +3.3% |
| Huron Consulting HURN | United States | $2.63B | +39% | +12% | 12% | 1.9× | -4.0% | +14.3% |
| V2X VVX | United States | $2.39B | +9% | +13% | 4% | 0.6× | -1.4% | +26.3% |
| Ardentec 3264.TWO | Taiwan | $2.36B | -30% | +32% | 30% | 4.4× | 5.2% | +7.7% |
| Sigurd Microelectronics 6257.TW | Taiwan | $2.33B | -19% | +12% | 22% | 3.8× | n/a | n/a |
| Pluxee PLX.PA | France | $2.72B | 0% | +1% | 28% | 0.2× | n/a | n/a |
| Suzhou Nanomicro Technology 688690.SS | China | $2.31B | +17% | +26% | 25% | 13.3× | 35.3% | +35.2% |
| TIC Solutions TIC | United States | $2.26B | +5% | +39% | -1% | 1.8× | 51.8% | n/a |
| CoreCivic CXW | United States | $2.84B | +41% | +24% | 10% | 1.2× | -1.6% | +3.0% |
| Biocytogen Pharmaceuticals (Beijing) 688796.SS | China | $2.22B | -19% | +40% | 24% | 8.9× | 32.3% | +41.1% |
| China Automotive Engineering Research Institute 601965.SS | China | $2.18B | -8% | +12% | 24% | 3.1× | -5.6% | +7.9% |
| Firstsource Solutions FSL.NS | India | $2.16B | +25% | +20% | 12% | 2.2× | 20.3% | +13.5% |
| Sagility SAGILITY.NS | India | $2.15B | +2% | +28% | 18% | 2.5× | 10.3% | +19.5% |
| Inventurus Knowledge Solutions IKS.NS | India | $2.94B | -2% | +20% | 31% | 8.3× | 21.2% | +45.8% |
| Jiangsu Boqian New Materials Stock 605376.SS | China | $2.94B | -43% | +76% | 20% | 11.2× | n/a | n/a |