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Chinese company in the alternative power-generation sector; specific current business not independently confirmed.
Chinese company in the alternative power-generation sector; specific current business not independently confirmed.
Moat: none
Headquarters: Shanghai, China · Employees: 642
Size Nyocor (600821.SS) is a China Utilities company (Alternative Power Generation) with a market value of $1.63B, the 1525th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥5.51 on 6 Nov 2026.
Performance Over six months the shares fell 29.4%, against -19.5% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 19 in its peer set.
Growth Revenue fell 11.9% over the last twelve months (peer median +8.6%); the operating margin is 12.5% (peer median 27.1%).
Valuation It trades at 40.5× forward earnings against a peer median of 15.7× (4th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +21%, so the hurdle is -14 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.9 points below its cost of capital (5.0% WACC).
Next results Next results expected around 9 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.19B | CN¥3.46B | CN¥3.60B | CN¥3.32B | CN¥3.07B |
| Revenue growth | — | -4% | +9% | +8% | — |
| Gross profit | CN¥2.49B | CN¥1.72B | CN¥1.96B | CN¥1.86B | CN¥1.91B |
| EBITDA | n/a | CN¥2.89B | CN¥2.97B | CN¥2.76B | CN¥2.66B |
| Net income | -CN¥295M | CN¥101M | CN¥803M | CN¥802M | CN¥732M |
| Free cash flow | CN¥1.80B | CN¥604M | CN¥625M | CN¥76.9M | -CN¥593M |
| Capital expenditure | CN¥1.61B | CN¥1.58B | CN¥1.28B | CN¥2.08B | CN¥3.66B |
| Total debt | CN¥27.0B | CN¥26.2B | CN¥27.4B | CN¥20.3B | CN¥20.6B |
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.
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| Measure | 600821.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.4% | -9.1% | 9th highest of 21 |
| 6-month return | -29.4% | -19.5% | 9th lowest of 19 |
| Distance from 52-week high | -54.8% | -37.2% | 3rd lowest of 21 |
| Revenue growth (TTM) | -11.9% | +8.6% | 4th lowest of 21 |
| Operating margin | 12.5% | 27.1% | 7th lowest of 21 |
| Forward P/E | 40.5× | 15.7× | 4th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 6.8% | -2.6% | 3rd most demanding of 10 |
| Growth delivered (Del g) | +20.6% | +16.9% | 3rd highest of 10 |
| Hurdle (Req g minus delivered) | -13.8 pp | -19.5 pp | 5th most demanding of 10 |
| ROIC minus cost of capital | -1.9 pp | -1.3 pp | 9th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nyocor 600821.SS | China | $1.63B | -29% | -12% | 12% | 40.5× | 6.8% | +20.6% |
| Jiaze Renewables 601619.SS | China | $1.65B | -34% | -5% | 43% | 15.0× | 0.2% | +19.7% |
| 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 |
| Luenmei Quantum 600167.SS | China | $1.76B | -21% | -11% | 15% | 19.4× | -8.9% | -2.1% |
| Scatec SCATC.OL | Norway | $1.50B | -16% | +16% | 29% | n/a | n/a | n/a |
| Grandtop Yongxing 601033.SS | China | $1.83B | -2% | +6% | 26% | 14.0× | -5.1% | +18.4% |
| Aker Solutions AKSO.OL | Norway | $1.89B | -17% | -9% | 5% | 5.8× | -14.7% | +16.9% |
| XPLR Infrastructure, LP XIFR | United States | $1.38B | -38% | -1% | 3% | 3.0× | n/a | n/a |
| Alerion Clean Power ARN.MI | Italy | $1.11B | -35% | +13% | 51% | 16.4× | n/a | n/a |
| Solaria Energia y Medio Ambiente SLR.MC | Spain | $2.40B | -33% | +26% | 92% | 11.2× | n/a | n/a |
| Cox Infrastructure COXG.MC | Spain | $1.05B | -12% | +72% | 9% | 10.1× | n/a | n/a |
| ReNew Energy Global RNW | United States | $2.53B | +23% | +11% | 42% | 26.4× | n/a | n/a |
| CECEP Solar Energy 000591.SZ | China | $2.65B | -9% | -13% | 28% | 17.4× | 0.4% | -1.5% |
| Fervo Energy FRVO | United States | $2.66B | n/a | -31% | -35,367% | n/a | n/a | n/a |
| SK Eternix 475150.KS | South Korea | $949M | -35% | +39% | 9% | 40.0× | n/a | n/a |
| Xinyi Energy 3868.HK | Hong Kong | $863M | -38% | +2% | 54% | 8.1× | -2.6% | +9.1% |
| Waaree Renewable Technologies WAAREERTL.NS | India | $810M | -30% | +78% | 17% | 12.2× | 24.1% | +203.3% |
| ERG ERG.MI | Italy | $3.77B | -3% | +5% | 28% | 19.4× | 10.0% | -2.8% |
| Shanghai Nenghui Technology 301046.SZ | China | $680M | +8% | -49% | -13% | 2,690.0× | n/a | n/a |
| Century Wind Power 2072.TW | Taiwan | $618M | -41% | +62% | 22% | 5.7× | -17.2% | +41.9% |