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Employees: 1,551
Size Ningbo Energy Group Co., Ltd (600982.SS) is a China Utilities company (Electric Utilities) with a market value of $748M, the 2916th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.59 on 6 Nov 2026.
Performance Over six months the shares fell 24.3%, against -25.6% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 9.3% over the last twelve months (peer median +2.4%); the operating margin is 9.1% (peer median 6.2%).
Valuation It trades at 3.6× enterprise value to sales against a peer median of 2.8× (9th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is -7%, so the hurdle is +12 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 1.4 points below its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥4.21B | CN¥3.79B | CN¥4.23B | CN¥5.38B | CN¥8.31B |
| Revenue growth | — | -11% | -21% | -35% | — |
| Gross profit | CN¥1.17B | CN¥651M | CN¥489M | CN¥503M | CN¥456M |
| EBITDA | n/a | CN¥785M | CN¥595M | CN¥500M | CN¥400M |
| Net income | CN¥326M | CN¥348M | CN¥285M | CN¥407M | CN¥343M |
| Free cash flow | CN¥418M | CN¥346M | CN¥274M | -CN¥185M | -CN¥146M |
| Capital expenditure | CN¥522M | CN¥579M | CN¥568M | CN¥597M | CN¥1.09B |
| Total debt | CN¥10.1B | CN¥10.2B | CN¥8.22B | CN¥7.60B | CN¥6.13B |
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.
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 | 600982.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.2% | -9.4% | 5th lowest of 21 |
| 6-month return | -24.3% | -25.6% | 9th highest of 21 |
| Distance from 52-week high | -40.2% | -46.3% | 7th highest of 21 |
| Revenue growth (TTM) | +9.3% | +2.4% | 5th highest of 21 |
| Operating margin | 9.1% | 6.2% | 7th highest of 21 |
| EV / Sales | 3.6× | 2.8× | 9th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 5.0% | -0.9% | 6th most demanding of 13 |
| Growth delivered (Del g) | -6.9% | +9.2% | lowest of 13 |
| Hurdle (Req g minus delivered) | +11.8 pp | -1.4 pp | most demanding of 13 |
| ROIC minus cost of capital | -1.4 pp | -1.6 pp | 11th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ningbo Energy Group Co., Ltd 600982.SS | China | $748M | -24% | +9% | 9% | 3.6× | 5.0% | -6.9% |
| Guangdong Meiyan Jixiang Hydropower 600868.SS | China | $752M | -23% | +60% | -32% | 9.9× | 18.3% | +15.3% |
| Empresa Distribuidora Y Comercializadora Norte S.A. Sponsored ADR EDN | United States | $738M | -40% | +2% | 6% | 0.4× | n/a | n/a |
| Leshan Electric Power 600644.SS | China | $779M | -27% | 0% | -1% | 1.8× | 15.8% | +8.3% |
| Zheneng Jinjiang Environment BWM.SI | Singapore | $786M | +13% | +5% | 33% | 4.1× | -3.0% | +2.2% |
| Zhejiang Fuchunjiang Environmental Thermoelectric 002479.SZ | China | $704M | -2% | +26% | 9% | 1.0× | -10.7% | +2.9% |
| Swan SWANCORP.NS | India | $799M | -32% | -17% | -9% | 2.4× | n/a | n/a |
| Reliance Power RPOWER.NS | India | $806M | -37% | +3% | 20% | 1.0× | -4.9% | -0.5% |
| Guangzhou Hengyun Enterprises 000531.SZ | China | $817M | -26% | 0% | -2% | 3.6× | n/a | n/a |
| Sichuan Guangan AAA Public 600979.SS | China | $670M | -28% | +4% | -5% | 3.0× | n/a | n/a |
| Ning Xia Yin Xing Energy 000862.SZ | China | $665M | -25% | -8% | 0% | 4.3× | -1.4% | +1.7% |
| Fujian Mindong Electric Power 000993.SZ | China | $846M | +1% | -18% | 5% | 10.8× | 14.7% | +10.1% |
| Hengsheng Energy 605580.SS | China | $653M | -28% | +30% | 19% | 4.5× | 15.7% | +14.1% |
| 2G Energy 2GB.DE | Germany | $885M | -25% | -12% | 6% | 2.1× | 18.5% | +10.1% |
| Guangdong Shaoneng 000601.SZ | China | $887M | -15% | +6% | 7% | 2.5× | -0.4% | -0.7% |
| Sichuan Mingxing Electric Power 600101.SS | China | $620M | -23% | +2% | 6% | 1.1× | n/a | n/a |
| China Datang Corp. Renewable Power 1798.HK | Hong Kong | $904M | -42% | -6% | 21% | 8.3× | n/a | n/a |
| Telecom Plus TEP.L | United Kingdom | $922M | -15% | +6% | 6% | 0.4× | -8.6% | +17.6% |
| Shandong Xinneng Taishan Power Generation 000720.SZ | China | $602M | -28% | +8% | -39% | 4.2× | n/a | n/a |
| Voltalia VLTSA.PA | France | $602M | -42% | +19% | 12% | 4.4× | n/a | n/a |
| KDHC 071320.KS | South Korea | $601M | -8% | +1% | 15% | 1.2× | -11.2% | +13.8% |