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Shanghai's main energy company, generating thermal power and distributing natural gas across the city.
Shanghai's main energy company, generating thermal power and distributing natural gas across the city.
Sells electricity to the Shanghai grid and supplies gas across the city, with selling prices largely set by government tariff rules, so fuel costs are the main swing factor. Shanghai's city government controls it through a state-owned parent.
In one line: China's a regional multi-utility (power plus gas).
Moat: narrow (regulatory licence, installed base). Regulated regional power and gas distribution licences with entrenched local infrastructure.
Headquarters: Shanghai, China · Founded: 1993 · Employees: 2,579
Size Shenergy (600642.SS) is a China Utilities company (Electric Utilities) with a market value of $6.64B, the 371st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥9.13 on 6 Nov 2026.
Performance Over six months the shares gained 0.8%, against -5.7% for the median peer and -16.4% for the China market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue fell 1.9% over the last twelve months (peer median +9.1%); the operating margin is 12.4% (peer median 15.9%).
Valuation It trades at 12.6× forward earnings against a peer median of 15.3× (7th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.4 points above its cost of capital (5.0% WACC).
Next results Next results expected around 5 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥27.6B | CN¥27.9B | CN¥29.5B | CN¥29.1B | CN¥28.1B |
| Revenue growth | — | -5% | +2% | +3% | — |
| Gross profit | CN¥8.02B | CN¥5.99B | CN¥5.54B | CN¥5.13B | CN¥3.23B |
| EBITDA | n/a | CN¥8.69B | CN¥8.13B | CN¥7.66B | CN¥5.26B |
| Net income | CN¥2.83B | CN¥4.01B | CN¥3.94B | CN¥3.46B | CN¥1.08B |
| Free cash flow | CN¥3.95B | CN¥4.46B | CN¥2.23B | CN¥4.77B | CN¥3.13B |
| Capital expenditure | CN¥5.01B | CN¥5.06B | CN¥6.02B | CN¥3.91B | CN¥2.52B |
| Total debt | CN¥54.7B | CN¥53.6B | CN¥47.7B | CN¥42.9B | CN¥42.8B |
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 |
|---|---|---|---|---|---|---|
| Shenergy 600642.SS | $6.64B | +1% | -2% | 12% | 12.6× | -1.6% |
| Shanghai Electric Power 600021.SS | $4.98B | -31% | -6% | 13% | 8.9× | n/a |
| Zhejiang Zheneng Electric Power 600023.SS | $10.8B | -5% | -7% | -1% | 17.4× | 7.0% |
| Huaneng Power International 600011.SS | $16.4B | +9% | -5% | 9% | 13.5× | -2.1% |
| Huadian Power International 600027.SS | $8.61B | +3% | -7% | 6% | 13.2× | -0.4% |
| Shenzhen Energy 000027.SZ | $4.49B | -8% | +4% | 13% | 11.2× | n/a |
| Beijing Jingneng Power 600578.SS | $5.06B | +3% | -6% | 11% | 11.0× | -2.8% |
| Guangdong Electric Power Development 000539.SZ | $3.64B | -21% | +8% | -1% | n/a | 9.8% |
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 | 600642.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.4% | 0.0% | 10th highest of 21 |
| 6-month return | +0.8% | -5.7% | 6th highest of 21 |
| Distance from 52-week high | -16.9% | -19.9% | 9th highest of 21 |
| Revenue growth (TTM) | -1.9% | +9.1% | 6th lowest of 21 |
| Operating margin | 12.4% | 15.9% | 8th lowest of 21 |
| Forward P/E | 12.6× | 15.3× | 7th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -1.6% | 1.6% | 5th least demanding of 14 |
| Growth delivered (Del g) | +7.2% | +6.9% | 7th highest of 14 |
| Hurdle (Req g minus delivered) | -8.8 pp | -6.6 pp | 6th least demanding of 14 |
| ROIC minus cost of capital | +0.4 pp | -0.6 pp | 7th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenergy 600642.SS | China | $6.64B | +1% | -2% | 12% | 12.6× | -1.6% | +7.2% |
| Torrent Power TORNTPOWER.NS | India | $6.78B | -26% | +8% | 13% | 23.3× | n/a | n/a |
| Companhia Energetica de Minas Gerais SA Sponsored ADR Pfd CIG | United States | $6.45B | -23% | +13% | 13% | 9.0× | -1.6% | +9.4% |
| TXNM Energy TXNM | United States | $6.41B | -1% | +10% | 24% | 22.5× | n/a | n/a |
| HK Electric Investments & HK Electric Investments 2638.HK | Hong Kong | $6.99B | -3% | +4% | 42% | 17.1× | 3.5% | +3.1% |
| Capital Power CPX.TO | Canada | $7.13B | -4% | +25% | 10% | 19.5× | 18.9% | +11.8% |
| ATCO ACO-X.TO | Canada | $6.15B | +25% | +5% | 12% | 16.8× | 15.0% | +5.5% |
| YTL 1773.T | Japan | $6.14B | +1% | +19% | 19% | 12.5× | n/a | n/a |
| Hera HER.MI | Italy | $6.14B | -3% | -11% | 8% | 11.9× | -8.9% | +12.6% |
| SPIC Hydropower 600292.SS | China | $7.26B | -34% | +301% | 28% | 72.6× | -6.8% | +27.0% |
| Enel Chile SA Sponsored ADR ENIC | United States | $6.06B | -6% | +16% | 19% | 9.4× | 3.4% | +6.9% |
| Inner Mongolia MengDian HuaNeng Thermal Power 600863.SS | China | $7.35B | +16% | -3% | 16% | 18.4× | -1.9% | +6.5% |
| Ormat Technologies ORA | United States | $5.65B | -24% | +31% | 19% | 41.2× | n/a | n/a |
| Sembcorp Industries U96.SI | Singapore | $7.91B | -8% | +8% | 11% | 11.5× | n/a | n/a |
| Companhia Paranaense de Energia Sponsored ADR ELPC | United States | $7.92B | -15% | +27% | 19% | 16.3× | -5.5% | +5.3% |
| China Southern Power Grid Energy Storage 600995.SS | China | $5.48B | -21% | +18% | 41% | 18.7× | n/a | n/a |
| Portland General Electric POR | United States | $5.47B | -5% | +3% | 16% | 12.9× | n/a | n/a |
| Bkw BKW.SW | Switzerland | $8.12B | -17% | -5% | 11% | 14.1× | 1.6% | +7.4% |
| A2A A2A.MI | Italy | $8.55B | +4% | +14% | 8% | 11.9× | 2.8% | +15.6% |
| Acea ACE.MI | Italy | $5.14B | -7% | -21% | 26% | 14.3× | 5.8% | -3.3% |
| Huadian Power International 600027.SS | China | $8.61B | +3% | -7% | 6% | 13.2× | -0.4% | +6.3% |