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Major thermal power generator in China, part of the China Energy Investment Corp group, also expanding renewable generation.
Major thermal power generator in China, part of the China Energy Investment Corp group, also expanding renewable generation.
Sells electricity to provincial grids at tariffs set under state rules or negotiated in market trading, mostly from coal-fired plants, so profit depends on the gap between that price and coal costs. State parent CHN Energy, formed from the merger of Guodian and Shenhua, is also a very large coal producer.
In one line: China's NRG Energy generation arm.
Moat: narrow (scale, regulatory licence). Large state-backed thermal fleet, but regulated tariffs and coal-cost swings limit margins.
Headquarters: Beijing, China · Founded: 1995 · Employees: 35,407
Size GD Power Development (600795.SS) is a China Utilities company (Electric Utilities) with a market value of $14.4B, the 163rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥5.37 on 6 Nov 2026.
Performance Over six months the shares gained 13.3%, against +1.6% for the median peer and -16.4% for the China market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue fell 0.7% over the last twelve months (peer median +2.3%); the operating margin is 9.3% (peer median 18.6%).
Valuation It trades at 19.2× forward earnings against a peer median of 17.4× (8th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.5 points above its cost of capital (5.0% WACC).
Next results Next results expected around 20 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥169B | CN¥170B | CN¥179B | CN¥179B | CN¥192B |
| Revenue growth | — | -5% | 0% | -7% | — |
| Gross profit | CN¥37.9B | CN¥25.6B | CN¥24.7B | CN¥24.4B | CN¥23.5B |
| EBITDA | n/a | CN¥43.5B | CN¥39.8B | CN¥40.2B | CN¥39.5B |
| Net income | CN¥4.35B | CN¥7.16B | CN¥9.83B | CN¥5.61B | CN¥2.82B |
| Free cash flow | CN¥11.4B | CN¥8.59B | -CN¥232M | -CN¥6.64B | CN¥2.99B |
| Capital expenditure | CN¥38.6B | CN¥45.8B | CN¥58.1B | CN¥49.8B | CN¥35.7B |
| Total debt | CN¥307B | CN¥326B | CN¥301B | CN¥292B | CN¥259B |
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 |
|---|---|---|---|---|---|---|
| GD Power Development 600795.SS | $14.4B | +13% | -1% | 9% | 19.2× | -0.4% |
| Huaneng Power International 600011.SS | $16.4B | +9% | -5% | 9% | 13.5× | -2.1% |
| SDIC Power 600886.SS | $19.0B | +16% | -3% | 32% | 17.5× | -1.6% |
| Datang International Power Generation 601991.SS | $10.8B | +14% | 0% | 12% | 12.2× | -2.3% |
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 | 600795.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.5% | +1.2% | 7th lowest of 21 |
| 6-month return | +13.3% | +1.6% | 4th highest of 21 |
| Distance from 52-week high | -11.1% | -17.4% | 9th highest of 21 |
| Revenue growth (TTM) | -0.7% | +2.3% | 7th lowest of 21 |
| Operating margin | 9.3% | 18.6% | 5th lowest of 21 |
| Forward P/E | 19.2× | 17.4× | 8th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | -0.4% | 8.1% | 5th least demanding of 12 |
| Growth delivered (Del g) | +3.4% | +6.5% | 4th lowest of 12 |
| Hurdle (Req g minus delivered) | -3.7 pp | -2.0 pp | 6th least demanding of 12 |
| ROIC minus cost of capital | +0.5 pp | -2.0 pp | 5th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 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% |
| China Res Power 0836.HK | Hong Kong | $13.5B | +6% | +2% | 18% | 9.0× | n/a | n/a |
| Emera EMA.TO | Canada | $15.7B | 0% | +11% | 19% | 20.2× | n/a | n/a |
| 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% |
| Huaneng Power International 0902.HK | Hong Kong | $16.2B | -6% | -3% | 12% | 9.3× | n/a | n/a |
| Pinnacle West Capital PNW | United States | $12.6B | +5% | +8% | 23% | 19.1× | n/a | n/a |
| Tata Power TATAPOWER.NS | India | $11.9B | -20% | -4% | 13% | 25.0× | n/a | n/a |
| Kansai Electric Power 9503.T | Japan | $17.3B | +2% | +2% | 6% | 8.2× | 11.0% | +5.6% |
| Power Assets 0006.HK | Hong Kong | $17.8B | +3% | -12% | 50% | 21.0× | 35.8% | -9.5% |
| Chubu Electric Power 9502.T | Japan | $11.2B | -13% | +3% | 0% | 10.3× | n/a | n/a |
| NRG Energy NRG | United States | $18.6B | -36% | +13% | 5% | 9.0× | 15.4% | +27.9% |
| Alliant Energy LNT | United States | $18.8B | +1% | +5% | 23% | 20.8× | n/a | n/a |
| Adani Energy Solutions ADANIENSOL.NS | India | $18.9B | +5% | +33% | 25% | 37.4× | n/a | n/a |
| SDIC Power 600886.SS | China | $19.0B | +16% | -3% | 32% | 17.5× | -1.6% | +6.5% |
| 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% |
| 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% |