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Employees: 223
Size Ningbo Shimao Energy (605028.SS) is a China Utilities company (Electric Utilities) with a market value of $522M, the 3759th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥21.76 on 6 Nov 2026.
Performance Over six months the shares fell 21.0%, against -24.1% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 0.4% over the last twelve months (peer median +4.0%); the operating margin is 36.2% (peer median 3.4%).
Valuation It trades at 9.4× enterprise value to sales against a peer median of 2.3× (most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is +8 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 3.7 points above its cost of capital (6.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥331M | CN¥322M | CN¥355M | CN¥361M | CN¥438M |
| Revenue growth | — | -9% | -1% | -18% | — |
| Gross profit | CN¥181M | CN¥168M | CN¥216M | CN¥226M | CN¥274M |
| EBITDA | CN¥211M | CN¥193M | CN¥222M | CN¥227M | CN¥269M |
| Net income | CN¥114M | CN¥172M | CN¥172M | CN¥188M | CN¥206M |
| Free cash flow | CN¥159M | CN¥115M | CN¥65.1M | -CN¥6.05M | CN¥61.8M |
| Capital expenditure | CN¥83.0M | CN¥119M | CN¥179M | CN¥284M | CN¥181M |
| Total debt | CN¥6.75M | CN¥25.9M | CN¥18.0M | CN¥29.4M | CN¥36.0M |
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 | 605028.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.1% | -9.4% | 9th highest of 21 |
| 6-month return | -21.0% | -24.1% | 10th highest of 21 |
| Distance from 52-week high | -38.7% | -39.7% | 10th highest of 21 |
| Revenue growth (TTM) | +0.4% | +4.0% | 7th lowest of 21 |
| Operating margin | 36.2% | 3.4% | highest of 21 |
| EV / Sales | 9.4× | 2.3× | most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 9.5% | -0.6% | 3rd most demanding of 11 |
| Growth delivered (Del g) | +1.5% | +8.2% | 2nd lowest of 11 |
| Hurdle (Req g minus delivered) | +8.0 pp | -7.2 pp | most demanding of 11 |
| ROIC minus cost of capital | +3.7 pp | -0.9 pp | 5th highest of 21 |
| EV / EBITDA | 14.8× | 9.5× | 3rd most expensive of 9 |
| Net debt / EBITDA | -1.9× | 2.3× | 3rd least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ningbo Shimao Energy 605028.SS | China | $522M | -21% | 0% | 36% | 9.4× | 9.5% | +1.5% |
| Sichuan Xichang Electric Power 600505.SS | China | $520M | -31% | -10% | 7% | 3.6× | 1.2% | +9.5% |
| Shenzhen Nanshan Power 000037.SZ | China | $527M | -18% | +35% | -7% | 7.4× | n/a | n/a |
| Elmera ELMRA.OL | Norway | $549M | +43% | +48% | 5% | 0.4× | -15.6% | +24.2% |
| Zhejiang Xinzhonggang Thermal Power 605162.SS | China | $556M | -25% | -5% | 19% | 4.6× | 0.8% | +4.4% |
| Audax Renovables ADX.MC | Spain | $564M | -21% | -8% | 4% | 0.5× | n/a | n/a |
| Hallador Energy HNRG | United States | $476M | -46% | +8% | 2% | 1.1× | n/a | n/a |
| Genie Energy GNE | United States | $466M | +23% | +10% | 3% | 0.5× | -3.6% | +7.1% |
| Acinque AC5.MI | Italy | $460M | -6% | -11% | 3% | 1.1× | 12.8% | +9.3% |
| KDHC 071320.KS | South Korea | $601M | -8% | +1% | 15% | 1.2× | -11.2% | +13.8% |
| Voltalia VLTSA.PA | France | $602M | -42% | +19% | 12% | 4.4× | n/a | n/a |
| Shandong Xinneng Taishan Power Generation 000720.SZ | China | $602M | -28% | +8% | -39% | 4.2× | n/a | n/a |
| Hunan Chendian International Development 600969.SS | China | $453M | -18% | +4% | 3% | 2.2× | 0.2% | +6.4% |
| Suwen Electric Energy Technology 300982.SZ | China | $448M | -41% | -55% | -13% | 2.5× | n/a | n/a |
| Sichuan Mingxing Electric Power 600101.SS | China | $620M | -23% | +2% | 6% | 1.1× | n/a | n/a |
| PTC India PTC.NS | India | $437M | -39% | +13% | 4% | 0.2× | -18.2% | -1.4% |
| Hengsheng Energy 605580.SS | China | $653M | -28% | +30% | 19% | 4.5× | 15.7% | +14.1% |
| Ning Xia Yin Xing Energy 000862.SZ | China | $665M | -25% | -8% | 0% | 4.3× | -1.4% | +1.7% |
| Sichuan Guangan AAA Public 600979.SS | China | $670M | -28% | +4% | -5% | 3.0× | n/a | n/a |
| Giga Solar Materials 3691.TWO | Taiwan | $403M | 0% | +88% | 2% | 2.1× | n/a | n/a |
| Dalian Thermal Power 600719.SS | China | $387M | -18% | +2% | 8% | 7.0× | n/a | n/a |