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Sichuan-based power generator focused mainly on hydropower, benefiting from the province's abundant river resources.
Sichuan-based power generator focused mainly on hydropower, benefiting from the province's abundant river resources.
Sells hydro electricity to the grid at regulated and market-set prices; once a dam is built, running costs are low. A large share of profit comes from its stake in the Yalong River hydropower company, a joint venture with State Power Investment. It is controlled by the Sichuan provincial government's energy investment group.
In one line: China's a regional hydropower utility.
Moat: narrow (regulatory licence, cost advantage). Low-cost hydro generation and provincial licence position versus thermal-heavy peers.
Headquarters: Chengdu, China · Founded: 1995 · Employees: 1,419
Size Sichuan Chuantou Energy (600674.SS) is a China Utilities company (Electric Utilities) with a market value of $13.0B, the 186th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥17.74 on 6 Nov 2026.
Performance Over six months the shares gained 15.9%, against -5.1% for the median peer and -16.4% for the China market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue fell 0.7% over the last twelve months (peer median +3.2%); the operating margin is 29.4% (peer median 12.7%).
Valuation It trades at 17.2× forward earnings against a peer median of 16.7× (10th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 32% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is +22 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.1 points below its cost of capital (5.0% WACC).
Next results Next results expected around 22 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.65B | CN¥1.65B | CN¥1.59B | CN¥1.44B | CN¥1.38B |
| Revenue growth | — | +4% | +11% | +4% | — |
| Gross profit | CN¥1.12B | CN¥809M | CN¥795M | CN¥629M | CN¥498M |
| EBITDA | n/a | CN¥930M | CN¥851M | CN¥701M | CN¥548M |
| Net income | CN¥4.94B | CN¥4.75B | CN¥4.51B | CN¥4.40B | CN¥3.52B |
| Free cash flow | CN¥3.82B | CN¥3.30B | CN¥3.25B | CN¥3.12B | CN¥2.34B |
| Capital expenditure | CN¥1.13B | CN¥1.19B | CN¥920M | CN¥715M | CN¥648M |
| Total debt | CN¥22.3B | CN¥21.2B | CN¥19.1B | CN¥19.9B | CN¥17.6B |
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 |
|---|---|---|---|---|---|---|
| Sichuan Chuantou Energy 600674.SS | $13.0B | +16% | -1% | 29% | 17.2× | 32.3% |
| SPIC Hydropower 600292.SS | $7.26B | -34% | +301% | 28% | 72.6× | -6.8% |
| Guangxi Guiguan Electric Power 600236.SS | $10.7B | -10% | +26% | 48% | 20.7× | -2.8% |
| China Yangtze Power 600900.SS | $110B | +9% | 0% | 51% | 21.2× | 1.5% |
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 | 600674.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.9% | +0.5% | 6th highest of 21 |
| 6-month return | +15.9% | -5.1% | highest of 21 |
| Distance from 52-week high | -2.1% | -19.4% | 2nd highest of 21 |
| Revenue growth (TTM) | -0.7% | +3.2% | 4th lowest of 21 |
| Operating margin | 29.4% | 12.7% | 4th highest of 21 |
| Forward P/E | 17.2× | 16.7× | 10th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 32.3% | 3.2% | most demanding of 11 |
| Growth delivered (Del g) | +10.0% | +5.6% | 3rd highest of 11 |
| Hurdle (Req g minus delivered) | +22.2 pp | -2.9 pp | most demanding of 11 |
| ROIC minus cost of capital | -4.1 pp | -1.2 pp | 3rd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sichuan Chuantou Energy 600674.SS | China | $13.0B | +16% | -1% | 29% | 17.2× | 32.3% | +10.0% |
| Keppel BN4.SI | Singapore | $13.0B | -13% | +11% | 11% | 18.9× | 14.8% | -1.9% |
| Pinnacle West Capital PNW | United States | $12.6B | +5% | +8% | 23% | 19.1× | n/a | n/a |
| China Res Power 0836.HK | Hong Kong | $13.5B | +6% | +2% | 18% | 9.0× | n/a | n/a |
| Tata Power TATAPOWER.NS | India | $11.9B | -20% | -4% | 13% | 25.0× | n/a | n/a |
| GD Power Development 600795.SS | China | $14.4B | +13% | -1% | 9% | 19.2× | -0.4% | +3.4% |
| Kepco 015760.KS | South Korea | $14.4B | -30% | +2% | 13% | 4.5× | -1.9% | +10.7% |
| Chubu Electric Power 9502.T | Japan | $11.2B | -13% | +3% | 0% | 10.3× | n/a | n/a |
| Zhejiang Zheneng Electric Power 600023.SS | China | $10.8B | -5% | -7% | -1% | 17.4× | 7.0% | +9.0% |
| Datang International Power Generation 601991.SS | China | $10.8B | +14% | 0% | 12% | 12.2× | -2.3% | +4.9% |
| Emera EMA.TO | Canada | $15.7B | 0% | +11% | 19% | 20.2× | n/a | n/a |
| Guangxi Guiguan Electric Power 600236.SS | China | $10.7B | -10% | +26% | 48% | 20.7× | -2.8% | +3.0% |
| AES AES | United States | $10.6B | +4% | +12% | 20% | 6.8× | n/a | n/a |
| OGE Energy OGE | United States | $10.5B | +7% | +2% | 26% | 21.6× | 8.1% | +9.0% |
| Huaneng Power International 0902.HK | Hong Kong | $16.2B | -6% | -3% | 12% | 9.3× | n/a | n/a |
| Jiangsu Eastern Shenghong 000301.SZ | China | $10.3B | -22% | +4% | 7% | 12.4× | -2.1% | +28.4% |
| JSW Energy JSWENERGY.NS | India | $10.1B | -9% | +26% | 36% | 39.7× | n/a | n/a |
| Hikari Tsushin 9435.T | Japan | $10.0B | -5% | +7% | 15% | 12.5× | 6.7% | +5.6% |
| Edison EDNR.MI | Italy | $9.87B | -12% | +6% | 3% | n/a | n/a | n/a |
| Kansai Electric Power 9503.T | Japan | $17.3B | +2% | +2% | 6% | 8.2× | 11.0% | +5.6% |
| Redeia Corporacion RED.MC | Spain | $9.47B | +8% | +15% | 43% | 16.7× | n/a | n/a |