1. People's Republic of China Stocks

  2. •

    Utilities

  3. •

    Renewable Utilities
Shanghai Electric Power Co., Ltd.

Shanghai Electric Power Co., Ltd.

600021.SS
Shanghai Electric Power Co., Ltd.CN flagShanghai Stock Exchange
14.67
CNY
-0.11
- -
41.40BMarket Cap
Shanghai Electric Power Co., Ltd.
600021.SS
(Shanghai Stock Exchange)

Recent

price

14.67

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
7.38
8.12
7.03
7.07
7.52
7.95
6.97
7.91
9.19
8.88
7.9
11.78
8.61
13.19
12.89
13.2
13.88
Revenue per Share
0.09
0.22
0.41
0.53
0.62
0.62
0.45
0.41
1.11
0.36
0.29
-0.7
0.07
0.5
0.62
0.87
0.85
Basic EPS, GAAP
0.18
-0.86
0.98
-0.38
-0.63
1.1
-0.69
-1.69
-1.41
-0.76
-2.36
-3.81
0.75
-0.21
-1.53
-1.49
-4.56
Free Cash Flow per Basic Share
0.42
0.5
0.58
0.64
0.83
0.96
0.99
0.99
1.1
1.13
0.89
1.28
0.74
1.11
1.31
1.36
1.7
Dividend per Share
0.96
1.12
1.44
1.83
2.21
2.55
2.49
2.84
3.6
3.37
3.05
2.72
1.65
2.76
2.99
3.61
3.56
Book Value per Share
3.75
3.85
4.38
5.09
6.27
6.75
6.99
6.91
9.46
10.11
10.31
12.82
8.66
13.88
13.85
17.43
16.03
Tangible Book Value per Share
2,140
2,140
2,140
2,140
2,140
2,140
2,410
2,410
2,479
2,667
3,066
2,617
4,559
3,215
3,315
3,171
3,105
Basic Weighted Avg Shares
15,791
17,376
15,052
15,132
16,102
17,006
16,787
19,048
22,779
23,690
24,218
30,836
39,249
42,402
42,734
41,858
43,087
Sales/Revenue/Turnover
5.93
6.37
12.39
16.13
15.15
19.6
17.23
13.52
15.01
18.32
19.94
8.99
14.26
15.62
17.47
19.14
18.27
Operating Margin (%)
1,235
1,160
1,213
1,226
1,554
1,845
2,283
2,693
3,405
3,858
4,181
4,908
5,853
6,646
7,052
7,706
- -
Depreciation Expense
193
463
885
1,140
1,326
1,332
1,091
994
2,752
962
890
-1,836
334
1,593
2,046
2,767
2,628
Net Income, GAAP
16.75
19.31
15.01
17.49
21.84
21.64
21.96
22.83
14.79
20.35
23.62
- -
37.21
18.98
19.88
18.37
18.77
Effective Tax Rate (%)
1.22
2.67
5.88
7.53
8.23
7.83
6.5
5.22
12.08
4.06
3.68
-5.95
0.85
3.76
4.79
6.61
6.1
Profit Margin (%)
-9,720
-1,720
-1,878
-5,178
-6,002
-4,205
-12,668
-21,506
-25,926
-27,081
-25,681
-28,297
-14,758
-16,024
-31,074
-15,993
-21,040
Working Capital
7,011
13,452
14,493
13,244
17,961
19,338
24,742
23,527
24,461
26,709
40,012
50,004
61,276
57,870
54,653
71,075
64,173
LT Debt
8,765
8,909
10,107
11,563
14,329
15,751
18,897
19,817
26,589
30,069
34,703
38,040
44,300
50,560
53,221
63,401
57,278
Total Equity
3.16
3.61
5.87
7.19
5.88
6.92
4.96
3.36
4.32
4.63
4.13
- -
2.91
4.03
4.13
4.11
4.19
Return on Invested Capital (%)
3.24
5.08
6.97
6.39
6.49
4.76
3.5
3.51
6.83
2.96
2.18
- -
1.15
2.13
2.06
1.99
2.28
Return on Capital (%)
9.81
20.82
32.31
32.56
30.67
26.14
19.04
15.47
34.91
10.75
9.7
-22.27
4.56
19.42
21.79
25.92
25.44
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
44,526
36,499
41,889
LT Borrowings
51,267
57,097
61,487
LT Finance Leases
3,387
3,006
2,687
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,817
2,817
2,817
Market Capitalization
29,386
28,718
27,290

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
37,845
42,426
44,479
Cash, Cash Equivalents & STI
5,911
8,459
9,648
Accounts Receivable, Net
25,797
27,562
28,615
Inventories
1,048
885
874
Total Current Liabilities
68,919
62,868
65,518
Payables & Accruals
- -
- -
- -
ST Debt
44,526
36,499
41,889
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.21%
12.92%
19.13%
Free Cash Flow
62.03%
88.82%
-6.77%
Net Income, GAAP
9.32%
3.17%
35.26%
Sales/Revenue/Turnover
9.94%
12.27%
-2.05%
Total Cash Common Dividend
8.12%
9.95%
-0.85%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
10,608
9,513
12,445
10,168
42,734
2025
10,443
10,032
9,704
- -
41,858
2026
9,923
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
- -
- -
- -
0.62
2025
0.27
- -
- -
- -
0.87
2026
0.17
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.29
- -
- -
- -
1.31
2025
0.24
- -
- -
- -
1.36
2026
0.22
- -
- -
- -
- -
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Business
Shanghai Electric Power Co., Ltd. (600021.SS) engages primarily in power generation, transmission, distribution, sales, and related services, with a focus on clean energy, new energy, and smart energy technology research, development, and application. The company generates and supplies coal-fired power, gas-fired power, wind power, solar power, heat, and integrated smart energy solutions; it operates thermal power predominantly in the Shanghai region for major industrial clients while advancing modern energy supply services domestically and internationally. Founded with origins in 1882 and headquartered in Shanghai, China, at Shangdian Building, No.1 West Gaoke Road, Pudong New Area, the company functions as a subsidiary of State Power Investment Corporation Limited and maintains operations centered in Shanghai and Jiangsu Province, serving over 25 million residential, commercial, and industrial customers through a distribution network exceeding 32,000 kilometers. In recent developments, Shanghai Electric Power advances expansion projects including the 2x1,000 MW Phase II project in Caojing and progresses toward carbon emission reductions targeting 20% by 2030 alongside investments in artificial intelligence for power processes; it commits to boosting renewable energy capacity by 30% by 2025 in alignment with national carbon neutrality goals.