1. People's Republic of China Stocks

  2. •

    Utilities

  3. •

    Independent Power Producers
Beijing Jingneng Power Co., Ltd.

Beijing Jingneng Power Co., Ltd.

600578.SS
Beijing Jingneng Power Co., Ltd.CN flagShanghai Stock Exchange
9.34
CNY
+0.85
- -
62.53BMarket Cap
Beijing Jingneng Power Co., Ltd.
600578.SS
(Shanghai Stock Exchange)

Recent

price

9.34

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
1.89
2.18
5.18
2.81
2.8
2.21
1.85
1.83
2.14
2.69
2.88
3.35
4.55
4.15
4.66
5.02
3.87
Revenue per Share
0.19
0.26
0.83
0.52
0.55
0.56
0.28
0.08
0.13
0.2
0.2
-0.47
0.12
0.11
0.23
0.5
0.34
Basic EPS, GAAP
-0.91
-0.37
0.76
0.55
0.75
0.37
-0.19
-0.55
-0.5
-0.33
-0.03
-0.64
0.24
-0.43
0.18
0.86
-0.46
Free Cash Flow per Basic Share
0.22
0.57
0.86
0.4
0.45
0.33
0.35
0.32
0.26
0.32
0.34
0.36
0.25
0.32
0.29
0.3
0.12
Dividend per Share
0.62
0.53
2.23
1.68
1.8
1.39
1.69
1.51
1.5
1.58
1.59
1.06
1.13
0.93
1.06
1.47
1.67
Book Value per Share
2.29
2.49
5.6
3.42
3.61
3.87
3.82
3.76
4.03
3.93
4.18
3.63
4.07
3.94
4.24
4.65
4.98
Tangible Book Value per Share
1,378
3,915
1,946
4,518
4,638
6,007
6,020
6,677
6,771
6,858
6,981
6,631
6,696
8,012
7,606
7,059
6,883
Basic Weighted Avg Shares
2,604
8,552
10,082
12,715
12,964
13,258
11,113
12,221
14,503
18,449
20,097
22,240
30,485
33,253
35,424
35,426
26,642
Sales/Revenue/Turnover
11.06
19.9
21.79
27.64
24.94
27.08
14.5
1.46
6.23
11.29
12.79
-12.77
5.78
5.82
8.53
16.11
15.16
Operating Margin (%)
248
1,008
1,215
1,585
2,208
2,143
2,215
2,217
2,239
2,754
3,000
3,169
3,471
3,540
3,498
3,764
- -
Depreciation Expense
269
1,037
1,615
2,349
2,551
3,364
1,686
534
880
1,372
1,396
-3,116
803
881
1,749
3,530
2,346
Net Income, GAAP
16.06
17.06
9.86
10.03
16.67
9.77
10.04
19.35
2.93
3.76
5.71
- -
11.84
13.99
3.01
8.43
7.47
Effective Tax Rate (%)
10.32
12.13
16.02
18.48
19.68
25.37
15.17
4.37
6.07
7.43
6.95
-14.01
2.64
2.65
4.94
9.96
8.81
Profit Margin (%)
-1,865
-5,161
-3,297
-5,503
-4,540
-5,188
-10,595
-11,577
-8,067
-8,917
-9,570
-13,822
-11,783
-10,529
-12,502
-17,875
-16,312
Working Capital
2,319
9,380
8,690
9,262
8,455
8,760
7,431
12,058
23,457
26,350
30,285
29,555
28,896
32,122
29,653
26,630
25,557
LT Debt
3,323
10,023
11,273
16,572
17,938
24,615
24,427
26,485
29,108
29,118
31,272
26,281
29,414
34,003
35,187
35,829
37,269
Total Equity
3.85
8.8
8.34
11.46
8.3
9.09
3.64
0.31
1.52
3.12
3.55
- -
2.23
2.21
3.63
6.38
4.56
Return on Invested Capital (%)
7.76
7.09
10.57
10.06
10.6
13.59
7.8
4.29
4.5
4.84
4.49
- -
3.85
3.24
4.12
5.84
4
Return on Capital (%)
34.17
70.82
50.44
39.39
32.02
40.36
18.22
5.28
8.69
13.06
12.72
-34.27
10.97
11.7
22.53
38.25
22.65
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
19,852
17,728
LT Borrowings
- -
24,656
24,257
LT Finance Leases
- -
1,974
1,300
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
6,695
6,695
Market Capitalization
29,875
36,891
34,967

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
13,010
14,823
Cash, Cash Equivalents & STI
- -
4,655
6,282
Accounts Receivable, Net
- -
4,545
5,494
Inventories
- -
1,469
849
Total Current Liabilities
- -
30,885
31,136
Payables & Accruals
- -
- -
- -
ST Debt
- -
19,852
17,728
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.19%
3.37%
1.82%
Free Cash Flow
144.58%
302.34%
344.58%
Net Income, GAAP
-23.48%
-47.81%
101.77%
Sales/Revenue/Turnover
11.19%
12.67%
0.01%
Total Cash Common Dividend
2.69%
1.15%
-5.19%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9,451
7,156
8,734
10,424
35,424
2025
9,960
7,195
- -
9,266
35,426
2026
10,181
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.06
- -
- -
- -
0.23
2025
0.15
- -
- -
- -
0.5
2026
0.16
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
- -
- -
- -
0.29
2025
0.04
- -
- -
- -
0.3
2026
0.04
- -
- -
- -
- -
Similar Companies
Datang International Power Generation Co., Ltd. (601991.SS)
Rurelec PLC (RUR.L)
Adani Energy Solutions Limited (ADANIENSOL.BO)
NRG Energy, Inc. (NRA.DE)
Surana Telecom and Power Limited (SURANAT&P.NS)
OPG Power Ventures Plc (OPG.L)
Business
Beijing Jingneng Power Co., Ltd. (600578.SS) engages primarily in the development, investment, construction, operation, and management of power projects, with a focus on thermal power, gas-fired power, wind power, and photovoltaic power generation; it also provides energy management services, including heating supply and distributed energy solutions. The company operates across multiple segments such as coal-fired power plants, natural gas power generation, renewable energy sources encompassing wind farms and solar facilities, and ancillary services like electricity sales and power equipment maintenance. Headquartered in Beijing, China, and founded in 2006 as a subsidiary of Beijing Energy International Holding Co., Ltd., it maintains extensive operations predominantly within China, targeting utility companies, industrial users, and regional power grids. Its core offerings include large-scale thermal power units with capacities exceeding 1,000 MW, combined-cycle gas turbine projects, onshore and offshore wind power installations totaling over 2 GW, and utility-scale photovoltaic plants integrated with energy storage systems. Beijing Jingneng Power further delivers comprehensive services such as power trading on the spot market, carbon emission management consulting, and smart grid technologies to optimize energy efficiency for municipal and industrial clients. In recent developments, the company expanded its renewable portfolio through strategic acquisitions of wind and solar assets in 2024, aligning with China's carbon neutrality goals; it also formed partnerships for green hydrogen projects and secured funding for a 500 MW gas-fired power plant upgrade in early 2025. Additionally, Beijing Jingneng Power launched new distributed energy solutions in partnership with local governments in Hebei and Shandong provinces, enhancing its presence in the northern China power market amid ongoing energy transition initiatives. These moves reflect a major strategic shift toward low-carbon technologies, including a reorganization of its subsidiaries to streamline renewable operations.