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Employees: 1,044
Size Guangdong Meiyan Jixiang Hydropower (600868.SS) is a China Utilities company (Electric Utilities) with a market value of $752M, the 2901st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥2.64 on 6 Nov 2026.
Performance Over six months the shares fell 22.6%, against -25.6% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 59.8% over the last twelve months (peer median +3.6%); the operating margin is -31.6% (peer median 6.4%).
Valuation It trades at 2.48× book value against a peer median of 1.09× (4th most expensive of 21).
Price implies The share price implies a return on equity of about 15.0%; Guangdong Meiyan Jixiang Hydropower delivers -3.8%, so the price asks more than the business earns today.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥496M | CN¥367M | CN¥348M | CN¥311M | CN¥485M |
| Revenue growth | — | +5% | +12% | -36% | — |
| Gross profit | CN¥153M | CN¥49.0M | CN¥71.3M | CN¥107M | CN¥159M |
| EBITDA | n/a | -CN¥3.83M | CN¥63.1M | CN¥99.8M | CN¥162M |
| Net income | -CN¥74.4M | -CN¥97.1M | -CN¥82.8M | -CN¥100M | CN¥59.0M |
| Free cash flow | CN¥100.0M | CN¥47.9M | CN¥67.5M | CN¥72.8M | CN¥68.5M |
| Capital expenditure | CN¥17.8M | CN¥35.3M | CN¥35.3M | CN¥25.9M | CN¥12.9M |
| Total debt | CN¥528M | CN¥589M | CN¥413M | CN¥160M | CN¥152M |
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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 | 600868.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.0% | -9.4% | 4th highest of 21 |
| 6-month return | -22.6% | -25.6% | 7th highest of 21 |
| Return on equity | -3.8% | 2.8% | 4th lowest of 21 |
| Price / book | 2.48× | 1.09× | 4th most expensive of 21 |
| ROE the price implies | 15.0% | 6.5% | 4th most demanding of 21 |
| ROE delivered | -3.8% | 3.6% | 4th lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Guangdong Meiyan Jixiang Hydropower 600868.SS | China | $752M | -23% | +60% | -4% | 2.48× | 15.0% | -3.8% |
| Ningbo Energy Group Co., Ltd 600982.SS | China | $748M | -24% | +9% | 7% | 1.14× | 6.2% | 7.3% |
| Empresa Distribuidora Y Comercializadora Norte S.A. Sponsored ADR EDN | United States | $738M | -40% | +2% | 10% | 0.33× | 6.0% | 10.4% |
| Leshan Electric Power 600644.SS | China | $779M | -27% | 0% | -1% | 2.31× | 12.2% | -0.6% |
| Zheneng Jinjiang Environment BWM.SI | Singapore | $786M | +13% | +5% | 10% | 0.63× | 2.8% | 10.2% |
| Swan SWANCORP.NS | India | $799M | -32% | -17% | 4% | 1.00× | 14.0% | n/a |
| Zhejiang Fuchunjiang Environmental Thermoelectric 002479.SZ | China | $704M | -2% | +26% | 10% | 1.04× | 4.8% | 9.9% |
| Reliance Power RPOWER.NS | India | $806M | -37% | +3% | -2% | 0.48× | 13.4% | n/a |
| Guangzhou Hengyun Enterprises 000531.SZ | China | $817M | -26% | 0% | 2% | 0.78× | 5.1% | 2.0% |
| Sichuan Guangan AAA Public 600979.SS | China | $670M | -28% | +4% | -10% | 1.04× | 6.1% | -10.4% |
| Fujian Mindong Electric Power 000993.SZ | China | $846M | +1% | -18% | 0% | 2.16× | 6.1% | 0.5% |
| Ning Xia Yin Xing Energy 000862.SZ | China | $665M | -25% | -8% | -2% | 1.01× | 7.6% | -1.7% |
| Hengsheng Energy 605580.SS | China | $653M | -28% | +30% | 18% | 4.21× | 34.1% | 18.4% |
| 2G Energy 2GB.DE | Germany | $885M | -25% | -12% | 8% | 5.05× | 26.2% | 8.4% |
| Guangdong Shaoneng 000601.SZ | China | $887M | -15% | +6% | 5% | 1.35× | 5.5% | 5.2% |
| China Datang Corp. Renewable Power 1798.HK | Hong Kong | $904M | -42% | -6% | 1% | 0.31× | 4.1% | 1.3% |
| Sichuan Mingxing Electric Power 600101.SS | China | $620M | -23% | +2% | 5% | 1.29× | 7.4% | 5.5% |
| Telecom Plus TEP.L | United Kingdom | $922M | -15% | +6% | 31% | 2.69× | 21.4% | 31.1% |
| Shandong Xinneng Taishan Power Generation 000720.SZ | China | $602M | -28% | +8% | -24% | 2.21× | 10.0% | -23.7% |
| Guangxi Energy 600310.SS | China | $939M | -14% | +11% | 0% | 2.09× | 5.8% | -0.2% |
| Voltalia VLTSA.PA | France | $602M | -42% | +19% | -11% | 0.56× | 6.7% | -11.1% |