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Renewable-power subsidiary of China Huadian Corporation, developing and operating wind and solar generation projects.
Renewable-power subsidiary of China Huadian Corporation, developing and operating wind and solar generation projects.
Sells wind and solar power to the state grids at tariffs set by government or through market trading, so revenue follows installed capacity and wind and sun hours; older projects also depend on central-government renewable subsidies that are paid late. The group is China Huadian's vehicle for adding wind and solar capacity.
In one line: China's NextEra Energy Resources.
Moat: narrow (scale, regulatory licence). State-backed project pipeline and grid-connection approvals give scale in renewables buildout.
Headquarters: Beijing, China · Founded: 2016 · Employees: 10,267
Size Huadian New Energy (600930.SS) is a China Utilities company (Alternative Power Generation) with a market value of $24.5B, the 79th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.98 on 6 Nov 2026.
Performance Over six months the shares fell 35.5%, against -12.3% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 10 in its peer set.
Growth Revenue grew 31.8% over the last twelve months (peer median +16.4%); the operating margin is 27.4% (peer median 24.8%).
Valuation It trades at 27.1× forward earnings against a peer median of 48.1× (4th cheapest of 9).
Capital Return on invested capital runs 1.0 points below its cost of capital (5.0% WACC).
Next results Next results expected around 16 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥42.0B | CN¥38.8B | CN¥33.8B | CN¥29.5B | CN¥24.6B |
| Revenue growth | — | +15% | +15% | +20% | — |
| Gross profit | CN¥29.4B | CN¥15.2B | CN¥15.4B | CN¥15.2B | CN¥13.2B |
| EBITDA | n/a | CN¥31.0B | CN¥27.9B | CN¥24.6B | CN¥20.9B |
| Net income | CN¥4.54B | CN¥6.76B | CN¥8.83B | CN¥9.62B | CN¥8.52B |
| Free cash flow | -CN¥30.5B | -CN¥42.0B | -CN¥45.6B | -CN¥40.1B | -CN¥27.2B |
| Capital expenditure | CN¥70.0B | CN¥75.3B | CN¥71.6B | CN¥60.3B | CN¥58.2B |
| Total debt | CN¥371B | CN¥348B | CN¥310B | CN¥218B | CN¥173B |
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 |
|---|---|---|---|---|---|---|
| Huadian New Energy 600930.SS | $24.5B | -35% | +32% | 27% | 27.1× | n/a |
| China Three Gorges Renewables (Group) 600905.SS | $14.7B | -16% | -8% | 17% | 39.8× | n/a |
| China Longyuan Power 0916.HK | $13.8B | -17% | -6% | 27% | 11.5× | 0.6% |
| China Datang Corp. Renewable Power 1798.HK | $904M | -42% | -6% | 21% | 8.8× | n/a |
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 | 600930.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | 0.0% | +4.3% | 4th lowest of 10 |
| 6-month return | -35.5% | -12.3% | lowest of 10 |
| Distance from 52-week high | -49.5% | -24.7% | lowest of 10 |
| Revenue growth (TTM) | +31.8% | +16.4% | 2nd highest of 10 |
| Operating margin | 27.4% | 24.8% | 4th highest of 10 |
| Forward P/E | 27.1× | 48.1× | 4th cheapest of 9 |
| ROIC minus cost of capital | -1.0 pp | -3.2 pp | 2nd highest of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Huadian New Energy 600930.SS | China | $24.5B | -35% | +32% | 27% | 27.1× | n/a | n/a |
| Adani Green Energy ADANIGREEN.NS | India | $24.7B | +4% | +21% | 61% | 87.9× | n/a | n/a |
| Brookfield Infrastructure Partners L.P BIP | United States | $25.6B | +7% | +16% | 25% | 71.0× | n/a | n/a |
| Talen Energy TLN | United States | $14.7B | -12% | +20% | 20% | 13.0× | 21.1% | -10.0% |
| China Three Gorges Renewables (Group) 600905.SS | China | $14.7B | -16% | -8% | 17% | 39.8× | n/a | n/a |
| China Longyuan Power 0916.HK | Hong Kong | $13.8B | -17% | -6% | 27% | 11.5× | 0.6% | +0.2% |
| Enlight Renewable Energy ENLT | United States | $9.57B | -25% | +29% | 51% | n/a | n/a | n/a |
| Corporacion Acciona Energias Renovables ANE.MC | Spain | $8.06B | -7% | -14% | 18% | 21.1× | n/a | n/a |
| NTPC Green Energy NTPCGREEN.NS | India | $7.37B | -24% | +49% | 50% | 59.8× | n/a | n/a |
| Clearway Energy CWEN | United States | $7.00B | -11% | +8% | 13% | 56.4× | 33.1% | +2.4% |