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Zhejiang provincial investment platform focused on new-energy power generation assets such as wind, solar and hydro.
Zhejiang provincial investment platform focused on new-energy power generation assets such as wind, solar and hydro.
In one line: A regional Chinese renewable-energy IPP/investment holding company.
Moat: narrow (scale, installed base). Provincial backing and a growing portfolio of operating renewable assets.
Headquarters: Hangzhou, China · Employees: 1,135
Size Zhejiang Provincial New Energy Investment (600032.SS) is a China Financials company (Financial Conglomerates) with a market value of $2.59B, the 1002nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥7.19 on 6 Nov 2026.
Performance Over six months the shares fell 27.1%, against +8.8% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue fell 5.6% over the last twelve months (peer median +19.3%); the operating margin is 27.0% (peer median 12.1%).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥4.63B | CN¥4.85B | CN¥4.94B | CN¥4.50B | CN¥4.58B |
| Revenue growth | — | -2% | +10% | -2% | — |
| Gross profit | CN¥3.41B | CN¥1.91B | CN¥2.23B | CN¥2.27B | CN¥2.45B |
| EBITDA | n/a | CN¥4.02B | CN¥3.77B | CN¥3.54B | CN¥3.67B |
| Net income | CN¥303M | CN¥506M | CN¥567M | CN¥627M | CN¥776M |
| Free cash flow | CN¥2.51B | CN¥2.04B | CN¥1.57B | -CN¥1.46B | -CN¥190M |
| Capital expenditure | CN¥1.62B | CN¥2.68B | CN¥1.48B | CN¥4.17B | CN¥3.21B |
| Total debt | CN¥32.5B | CN¥36.4B | CN¥35.7B | CN¥28.6B | CN¥26.3B |
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 | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Zhejiang Provincial New Energy Investment 600032.SS | $2.59B | -27% | -6% | 27% | n/a | n/a |
| Huaneng Lancang River Hydropower 600025.SS | $30.7B | +15% | +4% | 48% | 12.5× | 3.8% |
| Jinko Power Technology 601778.SS | $1.86B | -49% | -25% | 16% | 9.1× | n/a |
| China Longyuan Power 0916.HK | $13.8B | -17% | -6% | 27% | 8.4× | 0.6% |
| China Datang Corp. Renewable Power 1798.HK | $904M | -42% | -6% | 21% | 8.3× | 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 | 600032.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.6% | +5.1% | 5th lowest of 21 |
| 6-month return | -27.1% | +8.8% | 3rd lowest of 21 |
| Distance from 52-week high | -49.0% | -13.9% | 2nd lowest of 21 |
| Revenue growth (TTM) | -5.6% | +19.3% | 5th lowest of 17 |
| Operating margin | 27.0% | 12.1% | 7th highest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zhejiang Provincial New Energy Investment 600032.SS | China | $2.59B | -27% | -6% | 27% | n/a | n/a | n/a |
| Strive ASST | United States | $2.73B | +35% | +650% | -14,416% | n/a | n/a | n/a |
| Hyperliquid Strategies PURR | United States | $2.45B | +104% | n/a | -60% | n/a | n/a | n/a |
| Bure Equity BURE.ST | Sweden | $2.30B | +12% | -3% | 2,018% | n/a | n/a | n/a |
| Kyivstar KYIV | United States | $2.96B | -4% | +26% | 36% | n/a | n/a | n/a |
| Roko ROKO-B.ST | Sweden | $2.97B | +14% | +20% | 18% | n/a | n/a | n/a |
| Financiere Moncey FMONC.PA | France | $2.19B | -21% | n/a | n/a | n/a | n/a | n/a |
| Kinnevik KINV-A.ST | Sweden | $2.04B | +27% | +675% | -9,423% | n/a | n/a | n/a |
| Golub Capital BDC GBDC | United States | $3.31B | -3% | -9% | 60% | n/a | n/a | n/a |
| Georgia Capital CGEO.L | United Kingdom | $2.03B | +20% | n/a | n/a | n/a | n/a | n/a |
| Storskogen STOR-B.ST | Sweden | $1.97B | +25% | +2% | 6% | n/a | n/a | n/a |
| BB Biotech BION.SW | Switzerland | $3.45B | +13% | +125% | 491% | n/a | n/a | n/a |
| IndiGrid Infrastructure Trust INDIGRID.NS | India | $1.72B | -1% | +52% | 41% | n/a | n/a | n/a |
| Tamburi Investment Partners TIP.MI | Italy | $1.72B | +5% | +353% | -539% | n/a | n/a | n/a |
| Legend 3396.HK | Hong Kong | $4.03B | +34% | +27% | 4% | n/a | n/a | n/a |
| Wendel MF.PA | France | $4.14B | 0% | -13% | 12% | n/a | n/a | n/a |
| Yangzijiang Maritime Development 8YZ.SI | Singapore | $1.59B | -14% | +18% | 74% | n/a | n/a | n/a |
| Peugeot Invest PEUG.PA | France | $1.54B | -16% | -101% | n/a | n/a | n/a | n/a |
| LunR Royalties LUNR.TO | Canada | $1.46B | -28% | n/a | -53% | n/a | n/a | n/a |
| Hyosung 004800.KS | South Korea | $1.42B | -49% | +10% | 15% | n/a | n/a | n/a |
| Ratos RATO-A.ST | Sweden | $1.38B | +24% | -23% | 5% | n/a | n/a | n/a |