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Chinese renewable-energy developer operating wind and solar power generation assets.
Chinese renewable-energy developer operating wind and solar power generation assets.
Moat: narrow (regulatory licence). Holds licensed renewable generation assets with grid connection agreements.
Headquarters: China · Employees: 266
Size Jiaze Renewables (601619.SS) is a China Utilities company (Alternative Power Generation) with a market value of $1.65B, the 1500th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.74 on 6 Nov 2026.
Performance Over six months the shares fell 33.7%, against -19.5% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 19 in its peer set.
Growth Revenue fell 5.3% over the last twelve months (peer median +8.6%); the operating margin is 43.2% (peer median 24.4%).
Valuation It trades at 15.0× forward earnings against a peer median of 16.9× (9th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +20%, so the hurdle is -20 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.0 points above its cost of capital (5.0% WACC).
Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.33B | CN¥2.49B | CN¥2.40B | CN¥2.39B | CN¥1.84B |
| Revenue growth | — | +4% | 0% | +30% | — |
| Gross profit | CN¥1.89B | CN¥1.41B | CN¥1.46B | CN¥1.48B | CN¥1.13B |
| EBITDA | n/a | CN¥2.19B | CN¥2.06B | CN¥2.07B | CN¥1.51B |
| Net income | CN¥369M | CN¥714M | CN¥630M | CN¥803M | CN¥582M |
| Free cash flow | CN¥177M | CN¥1.13B | CN¥496M | CN¥558M | CN¥222M |
| Capital expenditure | CN¥2.16B | CN¥1.63B | CN¥1.29B | CN¥927M | CN¥937M |
| Total debt | CN¥14.3B | CN¥13.7B | CN¥13.5B | CN¥12.0B | CN¥11.5B |
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 |
|---|---|---|---|---|---|---|
| Jiaze Renewables 601619.SS | $1.65B | -34% | -5% | 43% | 15.0× | 0.2% |
| CECEP Solar Energy 000591.SZ | $2.65B | -9% | -13% | 28% | 17.4× | 0.4% |
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 | 601619.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.8% | -9.1% | 10th highest of 21 |
| 6-month return | -33.7% | -19.5% | 6th lowest of 19 |
| Distance from 52-week high | -47.7% | -37.2% | 5th lowest of 21 |
| Revenue growth (TTM) | -5.3% | +8.6% | 7th lowest of 21 |
| Operating margin | 43.2% | 24.4% | 6th highest of 21 |
| Forward P/E | 15.0× | 16.9× | 9th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 0.2% | -2.6% | 5th most demanding of 10 |
| Growth delivered (Del g) | +19.7% | +16.9% | 4th highest of 10 |
| Hurdle (Req g minus delivered) | -19.5 pp | -13.8 pp | 5th least demanding of 10 |
| ROIC minus cost of capital | +1.0 pp | -1.6 pp | 7th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jiaze Renewables 601619.SS | China | $1.65B | -34% | -5% | 43% | 15.0× | 0.2% | +19.7% |
| Nyocor 600821.SS | China | $1.63B | -29% | -12% | 12% | 40.5× | 6.8% | +20.6% |
| Clean Max Enviro Energy Solutions CLEANMAX.NS | India | $1.57B | +8% | +28% | 44% | 107.0× | n/a | n/a |
| Luenmei Quantum 600167.SS | China | $1.76B | -21% | -11% | 15% | 19.4× | -8.9% | -2.1% |
| Juniper Green Energy JNPR.NS | India | $1.54B | n/a | +1,313% | 52% | 100.5× | n/a | n/a |
| 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 |
| Solaria Energia y Medio Ambiente SLR.MC | Spain | $2.40B | -33% | +26% | 92% | 11.2× | n/a | n/a |
| Alerion Clean Power ARN.MI | Italy | $1.11B | -35% | +13% | 51% | 16.4× | n/a | n/a |
| ReNew Energy Global RNW | United States | $2.53B | +23% | +11% | 42% | 26.4× | n/a | n/a |
| Cox Infrastructure COXG.MC | Spain | $1.05B | -12% | +72% | 9% | 10.1× | 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% |