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Employees: 510
Size Hengsheng Energy (605580.SS) is a China Utilities company (Electric Utilities) with a market value of $653M, the 3232nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥15.56 on 6 Nov 2026.
Performance Over six months the shares fell 27.5%, against -24.6% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 30.5% over the last twelve months (peer median +2.4%); the operating margin is 18.6% (peer median 5.3%).
Valuation It trades at 4.5× enterprise value to sales against a peer median of 3.3× (5th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 16% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is +2 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 0.1 points above its cost of capital (7.9% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.15B | CN¥1.02B | CN¥813M | CN¥789M | CN¥884M |
| Revenue growth | — | +25% | +3% | -11% | — |
| Gross profit | CN¥295M | CN¥264M | CN¥188M | CN¥204M | CN¥218M |
| EBITDA | CN¥330M | CN¥296M | CN¥195M | CN¥206M | CN¥235M |
| Net income | CN¥181M | CN¥156M | CN¥137M | CN¥136M | CN¥137M |
| Free cash flow | CN¥137M | CN¥202M | -CN¥22.1M | -CN¥106M | -CN¥90.5M |
| Capital expenditure | CN¥193M | CN¥156M | CN¥113M | CN¥308M | CN¥139M |
| Total debt | CN¥818M | CN¥709M | CN¥296M | CN¥289M | CN¥86.5M |
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 | 605580.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -23.0% | -9.3% | 2nd lowest of 21 |
| 6-month return | -27.5% | -24.6% | 7th lowest of 21 |
| Distance from 52-week high | -65.4% | -40.1% | lowest of 21 |
| Revenue growth (TTM) | +30.5% | +2.4% | 4th highest of 21 |
| Operating margin | 18.6% | 5.3% | 5th highest of 21 |
| EV / Sales | 4.5× | 3.3× | 5th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 15.7% | -1.4% | 3rd most demanding of 12 |
| Growth delivered (Del g) | +14.1% | +2.9% | 3rd highest of 12 |
| Hurdle (Req g minus delivered) | +1.6 pp | -3.6 pp | 5th most demanding of 12 |
| ROIC minus cost of capital | +0.1 pp | -1.8 pp | 9th highest of 21 |
| EV / EBITDA | 15.9× | 6.8× | most expensive of 9 |
| Net debt / EBITDA | 2.1× | 4.1× | 4th least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Sichuan Mingxing Electric Power 600101.SS | China | $620M | -23% | +2% | 6% | 1.1× | n/a | n/a |
| Zhejiang Fuchunjiang Environmental Thermoelectric 002479.SZ | China | $704M | -2% | +26% | 9% | 1.0× | -10.7% | +2.9% |
| 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% |
| Empresa Distribuidora Y Comercializadora Norte S.A. Sponsored ADR EDN | United States | $738M | -40% | +2% | 6% | 0.4× | n/a | n/a |
| 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% |
| Audax Renovables ADX.MC | Spain | $564M | -21% | -8% | 4% | 0.5× | n/a | n/a |
| Zhejiang Xinzhonggang Thermal Power 605162.SS | China | $556M | -25% | -5% | 19% | 4.6× | 0.8% | +4.4% |
| Elmera ELMRA.OL | Norway | $549M | +43% | +48% | 5% | 0.4× | -15.6% | +24.2% |
| 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% |
| 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% |
| Shenzhen Nanshan Power 000037.SZ | China | $527M | -18% | +35% | -7% | 7.4× | n/a | n/a |
| Guangzhou Hengyun Enterprises 000531.SZ | China | $817M | -26% | 0% | -2% | 3.6× | n/a | n/a |
| Ningbo Shimao Energy 605028.SS | China | $522M | -21% | 0% | 36% | 9.4× | 9.5% | +1.5% |