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Coal-fired thermal power generator in Liaoning province, part of the China Huadian Group.
Coal-fired thermal power generator in Liaoning province, part of the China Huadian Group.
In one line: China's a regional coal-power utility.
Moat: none (regulatory licence). Regional thermal generation with regulated tariffs and no structural cost advantage.
Headquarters: Shenyang, China · Founded: 1998 · Employees: 8,931
Size Huadian Energy (600726.SS) is a China Utilities company (Electric Utilities) with a market value of $5.01B, the 500th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.40 on 6 Nov 2026.
Performance Over six months the shares fell 33.2%, against -7.3% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue fell 6.5% over the last twelve months (peer median +4.3%); the operating margin is 10.2% (peer median 17.3%).
Valuation It trades at 7.31× book value against a peer median of 1.26× (most expensive of 20).
Price implies The share price implies a return on equity of about 17.7%; Huadian Energy delivers 8.1%, so the price asks more than the business earns today.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥15.6B | CN¥16.6B | CN¥18.1B | CN¥18.7B | CN¥18.8B |
| Revenue growth | — | -8% | -4% | 0% | — |
| Gross profit | CN¥3.85B | CN¥2.68B | CN¥3.16B | CN¥3.16B | CN¥3.60B |
| EBITDA | n/a | CN¥3.76B | CN¥4.38B | CN¥4.31B | CN¥4.74B |
| Net income | CN¥359M | CN¥200M | CN¥166M | -CN¥91.0M | -CN¥1.02B |
| Free cash flow | -CN¥392M | CN¥886M | CN¥450M | CN¥2.59B | CN¥2.52B |
| Capital expenditure | CN¥3.93B | CN¥3.07B | CN¥2.53B | CN¥839M | CN¥1.94B |
| Total debt | CN¥21.3B | CN¥17.5B | CN¥17.5B | CN¥17.7B | CN¥20.3B |
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 | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Huadian Energy 600726.SS | $5.01B | -33% | -7% | 8% | 7.31× | 17.7% |
| Huadian Power International 600027.SS | $8.61B | +3% | -7% | 7% | 1.18× | 3.7% |
| GD Power Development 600795.SS | $14.4B | +13% | -1% | 7% | 1.56× | 4.6% |
| Huaneng Power International 600011.SS | $16.4B | +9% | -5% | 3% | 0.84× | 4.4% |
| Datang International Power Generation 601991.SS | $10.8B | +14% | 0% | 20% | 2.37× | 11.8% |
| Zhejiang Zheneng Electric Power 600023.SS | $10.8B | -5% | -7% | 4% | 0.98× | 3.2% |
| Shenergy 600642.SS | $6.64B | +1% | -2% | 8% | 1.20× | 4.8% |
| SDIC Power 600886.SS | $19.0B | +16% | -3% | 10% | 1.84× | 5.2% |
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 | 600726.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.2% | +0.3% | 2nd lowest of 21 |
| 6-month return | -33.2% | -7.3% | lowest of 21 |
| Return on equity | 8.1% | 6.2% | 8th highest of 21 |
| Price / book | 7.31× | 1.26× | most expensive of 20 |
| Trailing P/E | 96.9× | 18.4× | 3rd most expensive of 18 |
| ROE the price implies | 17.7% | 8.0% | 2nd most demanding of 20 |
| ROE delivered | 8.1% | 6.4% | 8th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Huadian Energy 600726.SS | China | $5.01B | -33% | -7% | 8% | 7.31× | 17.7% | 8.1% |
| Shanghai Electric Power 600021.SS | China | $4.98B | -31% | -6% | 4% | 1.66× | 14.6% | 3.6% |
| Beijing Jingneng Power 600578.SS | China | $5.06B | +3% | -6% | 11% | 1.33× | 5.9% | 11.5% |
| NorthWestern Energy NWE | United States | $5.09B | +14% | +11% | 6% | 1.76× | 9.0% | 5.9% |
| Acea ACE.MI | Italy | $5.14B | -7% | -21% | 23% | 1.65× | 13.2% | 22.6% |
| Brookfield Renewable BEPC | United States | $4.79B | -13% | +6% | -477% | n/a | n/a | n/a |
| Shaanxi Energy Investment 001286.SZ | China | $4.68B | -16% | +4% | 10% | 1.37× | 5.8% | 9.7% |
| Portland General Electric POR | United States | $5.47B | -5% | +3% | 7% | 1.26× | 8.5% | 6.6% |
| China Southern Power Grid Energy Storage 600995.SS | China | $5.48B | -21% | +18% | 9% | 1.53× | 10.0% | 8.6% |
| Wintime Energy 600157.SS | China | $4.55B | -21% | -9% | 0% | 0.65× | 4.4% | 0.1% |
| Shenzhen Energy 000027.SZ | China | $4.49B | -8% | +4% | 7% | 0.89× | 5.3% | 7.1% |
| Ormat Technologies ORA | United States | $5.65B | -24% | +31% | 5% | 2.18× | 16.7% | 5.0% |
| Electric Power Development 9513.T | Japan | $4.39B | +2% | +4% | 4% | 0.47× | 3.0% | 3.6% |
| Jiangsu Guoxin 002608.SZ | China | $4.30B | -1% | +7% | 6% | 0.76× | 3.8% | 6.4% |
| China Power International Development 2380.HK | Hong Kong | $4.29B | -20% | -5% | 4% | 0.71× | 6.6% | 4.0% |
| Algonquin Power & Utilities AQN.TO | Canada | $4.29B | -9% | +6% | 4% | 0.98× | 8.3% | 4.2% |
| Northland Power NPI.TO | Canada | $4.22B | -4% | +15% | -3% | 1.48× | 8.0% | -3.3% |
| AGL Energy AGL.AX | Australia | $4.21B | -3% | -6% | 15% | 1.15× | 7.1% | 14.9% |
| Tokyo Elec Power Co Hldgs 9501.T | Japan | $4.17B | -31% | -2% | 10% | 0.19× | 2.9% | 9.7% |
| Enel Chile SA Sponsored ADR ENIC | United States | $6.06B | -6% | +16% | 11% | 1.12× | 11.1% | 11.0% |
| TransAlta TA.TO | Canada | $4.15B | +5% | -12% | 6% | 6.26× | 22.1% | 6.1% |