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Wind-power generation company under the state-owned CECEP environmental-protection and energy group.
Wind-power generation company under the state-owned CECEP environmental-protection and energy group.
Sells wind electricity to the grid at tariffs partly set by government, with part of its income historically paid as national renewable subsidies that arrive late, so cash collection matters as much as output. Output depends on wind conditions and on how much the local grid will take. China's state CECEP group controls it.
In one line: A China-focused NextEra Energy (wind-focused).
Moat: narrow (regulatory licence, installed base). Grid-connection licences and an installed wind-farm base under state-group backing provide stable positioning.
Headquarters: Beijing, China · Employees: 1,149
Size CECEP Wind-Power (601016.SS) is a China Utilities company (Electric Utilities) with a market value of $3.00B, the 859th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.07 on 6 Nov 2026.
Performance Over six months the shares fell 27.9%, against -14.0% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue fell 8.3% over the last twelve months (peer median +0.2%); the operating margin is 24.5% (peer median 14.6%).
Valuation It trades at 30.7× forward earnings against a peer median of 12.6× (3rd most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.1 points below its cost of capital (5.0% WACC).
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥4.23B | CN¥4.48B | CN¥5.01B | CN¥5.10B | CN¥5.22B |
| Revenue growth | — | -11% | -2% | -2% | — |
| Gross profit | CN¥3.12B | CN¥1.83B | CN¥2.45B | CN¥2.71B | CN¥3.01B |
| EBITDA | n/a | CN¥3.70B | CN¥4.25B | CN¥4.36B | CN¥4.56B |
| Net income | CN¥358M | CN¥686M | CN¥1.33B | CN¥1.51B | CN¥1.63B |
| Free cash flow | CN¥378M | CN¥1.33B | CN¥162M | CN¥1.07B | CN¥1.90B |
| Capital expenditure | CN¥3.16B | CN¥2.61B | CN¥3.19B | CN¥2.24B | CN¥2.64B |
| Total debt | CN¥24.1B | CN¥23.9B | CN¥23.4B | CN¥22.0B | CN¥24.4B |
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 |
|---|---|---|---|---|---|---|
| CECEP Wind-Power 601016.SS | $3.00B | -28% | -8% | 24% | 30.7× | 2.0% |
| China Longyuan Power 0916.HK | $13.8B | -17% | -6% | 27% | 11.5× | 0.6% |
| SPIC Green Energy 000875.SZ | $2.34B | -34% | -4% | 16% | 35.0× | -0.2% |
| China Three Gorges Renewables (Group) 600905.SS | $14.7B | -16% | -8% | 17% | 39.8× | n/a |
| China Datang Corp. Renewable Power 1798.HK | $904M | -42% | -6% | 21% | 8.8× | n/a |
| Beijing Jingneng Clean Energy 0579.HK | $1.74B | -27% | -1% | 18% | 4.7× | -1.0% |
| China Suntien Green Energy 0956.HK | $3.37B | -15% | -8% | 13% | 6.6× | 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 | 601016.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.4% | -3.1% | 7th lowest of 21 |
| 6-month return | -27.9% | -14.0% | 5th lowest of 21 |
| Distance from 52-week high | -47.9% | -29.6% | 3rd lowest of 21 |
| Revenue growth (TTM) | -8.3% | +0.2% | 4th lowest of 21 |
| Operating margin | 24.5% | 14.6% | 3rd highest of 20 |
| Forward P/E | 30.7× | 12.6× | 3rd most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 2.0% | 0.5% | 5th most demanding of 11 |
| Growth delivered (Del g) | +11.0% | +9.5% | 4th highest of 11 |
| Hurdle (Req g minus delivered) | -9.0 pp | -6.1 pp | 5th least demanding of 11 |
| ROIC minus cost of capital | -0.1 pp | -1.2 pp | 8th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| CECEP Wind-Power 601016.SS | China | $3.00B | -28% | -8% | 24% | 30.7× | 2.0% | +11.0% |
| Kenon KEN | United States | $2.99B | -35% | +53% | 8% | n/a | n/a | n/a |
| MGE Energy MGEE | United States | $3.03B | +9% | +8% | 23% | 19.0× | n/a | n/a |
| China Southern Power Grid Energy Efficiency & Clean Energy 003035.SZ | China | $2.89B | -31% | +10% | 18% | 39.1× | 11.6% | +12.9% |
| Enea ENA.WA | Poland | $2.80B | -3% | -11% | n/a | 4.4× | -7.7% | +9.1% |
| GEPIC Energy Development 000791.SZ | China | $3.23B | -18% | -30% | 40% | 10.2× | -7.8% | +32.3% |
| GCL Energy Technology 002015.SZ | China | $3.27B | -24% | -3% | 15% | 21.5× | n/a | n/a |
| Otter Tail OTTR | United States | $3.29B | -11% | +1% | 23% | 14.6× | n/a | n/a |
| Avista AVA | United States | $3.37B | -1% | -1% | 19% | 15.0× | n/a | n/a |
| NLC India NLCINDIA.NS | India | $3.50B | -28% | +17% | 18% | 9.9× | n/a | n/a |
| State Grid Information & Communication 600131.SS | China | $2.55B | -17% | +13% | 6% | 21.2× | 7.0% | +8.7% |
| Iren IRE.MI | Italy | $3.54B | -9% | -8% | 9% | 10.6× | 5.5% | +12.0% |
| Guangzhou Development 600098.SS | China | $3.56B | -3% | +4% | 4% | 14.9× | -1.0% | +9.9% |
| An Hui Wenergy 000543.SZ | China | $2.52B | -8% | -18% | 11% | 9.2× | 1.3% | +10.4% |
| Guangdong Electric Power Development 000539.SZ | China | $3.64B | -21% | +8% | -1% | n/a | 9.8% | +8.9% |
| Chugoku Electric Power 9504.T | Japan | $2.41B | +18% | 0% | 0% | 9.3× | n/a | n/a |
| Pampa Energia SA Sponsored ADR PAM | United States | $3.78B | -19% | +29% | 21% | 7.4× | n/a | n/a |
| SJVN SJVN.NS | India | $2.38B | -28% | +99% | 48% | 15.9× | n/a | n/a |
| SPIC Green Energy 000875.SZ | China | $2.34B | -34% | -4% | 16% | 35.0× | -0.2% | +5.6% |
| Shikoku Electric Power 9507.T | Japan | $2.33B | +24% | -3% | 6% | 9.8× | n/a | n/a |
| Drax DRX.L | United Kingdom | $3.88B | 0% | -8% | 9% | 10.4× | -0.2% | +4.8% |