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Fujian provincial power generator with coal, wind and nuclear-plant equity stakes.
Fujian provincial power generator with coal, wind and nuclear-plant equity stakes.
Sells electricity to the provincial grid at approved tariffs, so profit depends on coal costs for thermal plants, wind conditions for its wind farms, and dividends from equity stakes in nuclear plants. The Fujian provincial government owns the group that controls it.
Moat: narrow (regulatory licence). Regulated regional generation licence within Fujian province.
Headquarters: Fuzhou, Fujian, China · Employees: 3,136
Size Fujian Funeng (600483.SS) is a China Utilities company (Alternative Power Generation) with a market value of $4.53B, the 565th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥10.87 on 6 Nov 2026.
Performance Over six months the shares gained 8.6%, against -16.1% for the median peer and -16.4% for the China market (cap-weighted) — 2nd highest of 19 in its peer set.
Growth Revenue fell 1.1% over the last twelve months (peer median -0.2%); the operating margin is 22.2% (peer median 27.5%).
Valuation It trades at 10.7× forward earnings against a peer median of 19.4× (2nd cheapest of 18).
Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -12 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.2 points above its cost of capital (5.0% WACC).
Next results Next results expected around 27 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥13.9B | CN¥13.7B | CN¥14.5B | CN¥14.7B | CN¥14.3B |
| Revenue growth | — | -5% | -1% | +3% | — |
| Gross profit | CN¥4.97B | CN¥3.84B | CN¥3.72B | CN¥3.43B | CN¥3.34B |
| EBITDA | n/a | CN¥5.05B | CN¥5.06B | CN¥4.86B | CN¥4.54B |
| Net income | CN¥2.66B | CN¥2.96B | CN¥2.79B | CN¥2.62B | CN¥2.59B |
| Free cash flow | CN¥2.63B | CN¥2.75B | CN¥2.50B | CN¥3.33B | CN¥1.86B |
| Capital expenditure | CN¥4.07B | CN¥3.53B | CN¥3.24B | CN¥2.08B | CN¥1.83B |
| Total debt | CN¥20.5B | CN¥22.3B | CN¥17.7B | CN¥19.0B | CN¥18.9B |
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 | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Fujian Funeng 600483.SS | $4.53B | +9% | -1% | 22% | 10.7× | -4.9% |
| Huaneng Power International 600011.SS | $16.4B | +9% | -5% | 9% | 13.5× | -2.1% |
| Zhejiang Zheneng Electric Power 600023.SS | $10.8B | -5% | -7% | -1% | 17.4× | 7.0% |
| Shenzhen Energy 000027.SZ | $4.49B | -8% | +4% | 13% | 11.2× | n/a |
| Hubei Energy 000883.SZ | $4.58B | -11% | -5% | 15% | 17.6× | -0.4% |
| Huadian Power International 600027.SS | $8.61B | +3% | -7% | 6% | 13.2× | -0.4% |
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 | 600483.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.1% | -2.3% | 11th highest of 21 |
| 6-month return | +8.6% | -16.1% | 2nd highest of 19 |
| Distance from 52-week high | -13.0% | -28.9% | 5th highest of 21 |
| Revenue growth (TTM) | -1.1% | -0.2% | 11th highest of 21 |
| Operating margin | 22.2% | 27.5% | 9th lowest of 21 |
| Forward P/E | 10.7× | 19.4× | 2nd cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | -4.9% | 0.3% | 4th least demanding of 11 |
| Growth delivered (Del g) | +7.5% | +1.5% | 5th highest of 11 |
| Hurdle (Req g minus delivered) | -12.5 pp | -3.9 pp | 5th least demanding of 11 |
| ROIC minus cost of capital | +1.2 pp | -1.6 pp | 5th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Fujian Funeng 600483.SS | China | $4.53B | +9% | -1% | 22% | 10.7× | -4.9% | +7.5% |
| Hubei Energy 000883.SZ | China | $4.58B | -11% | -5% | 15% | 17.6× | -0.4% | +0.6% |
| ERG ERG.MI | Italy | $3.77B | -3% | +5% | 28% | 19.4× | 10.0% | -2.8% |
| Clearway Energy CWEN | United States | $7.00B | -11% | +8% | 13% | 56.4× | 33.1% | +2.4% |
| NTPC Green Energy NTPCGREEN.NS | India | $7.37B | -24% | +49% | 50% | 59.8× | n/a | n/a |
| Fervo Energy FRVO | United States | $2.66B | n/a | -31% | -35,367% | n/a | n/a | n/a |
| CECEP Solar Energy 000591.SZ | China | $2.65B | -9% | -13% | 28% | 17.4× | 0.4% | -1.5% |
| Corporacion Acciona Energias Renovables ANE.MC | Spain | $8.06B | -7% | -14% | 18% | 21.1× | n/a | n/a |
| ReNew Energy Global RNW | United States | $2.53B | +23% | +11% | 42% | 26.4× | n/a | n/a |
| Solaria Energia y Medio Ambiente SLR.MC | Spain | $2.40B | -33% | +26% | 92% | 11.2× | n/a | n/a |
| Enlight Renewable Energy ENLT | United States | $9.57B | -25% | +29% | 51% | n/a | n/a | n/a |
| Aker Solutions AKSO.OL | Norway | $1.89B | -17% | -9% | 5% | 5.8× | -14.7% | +16.9% |
| Grandtop Yongxing 601033.SS | China | $1.83B | -2% | +6% | 26% | 14.0× | -5.1% | +18.4% |
| Luenmei Quantum 600167.SS | China | $1.76B | -21% | -11% | 15% | 19.4× | -8.9% | -2.1% |
| Jiaze Renewables 601619.SS | China | $1.65B | -34% | -5% | 43% | 15.0× | 0.2% | +19.7% |
| Nyocor 600821.SS | China | $1.63B | -29% | -12% | 12% | 40.5× | 6.8% | +20.6% |
| Clean Max Enviro Energy Solutions CLEANMAX.NS | India | $1.57B | +8% | +28% | 44% | 107.0× | n/a | n/a |
| Juniper Green Energy JNPR.NS | India | $1.54B | n/a | +1,313% | 52% | 100.5× | n/a | n/a |
| Scatec SCATC.OL | Norway | $1.50B | -16% | +16% | 29% | n/a | n/a | n/a |
| China Longyuan Power 0916.HK | Hong Kong | $13.8B | -17% | -6% | 27% | 11.5× | 0.6% | +0.2% |
| China Three Gorges Renewables (Group) 600905.SS | China | $14.7B | -16% | -8% | 17% | 39.8× | n/a | n/a |