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    Utilities

  3. •

    Electric utilities
China Yangtze Power Co., Ltd. Class A

China Yangtze Power Co., Ltd. Class A

40.40
USD
0.00
(0.00%)
1.77EPS
23.63P/E
100.79BMarket Cap
Oct 31Next Earn
China Yangtze Power Co., Ltd. Class A
IOB:CYPC
(London Stock Exchange (International))

Recent

price

40.40

P/E

ratio

23.63

div

yld

2.03%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
13.26
12.55
15.63
13.76
16.3
21.56
22.25
22.8
23.28
22.67
26.05
24.47
28.15
31.94
34.54
35.25
31.92
Revenue per Share
4.99
4.67
6.27
5.45
7.17
8.29
9.45
10.12
10.28
9.79
11.85
11.55
9.7
11.14
13.28
14.1
11.83
Basic EPS, GAAP
3.52
4.62
10.54
10.5
12.4
15.9
16.7
16.88
16.65
15.34
16.86
14.19
12.67
21.39
18.4
17.2
- -
Free Cash Flow per Basic Share
4.79
5.1
5.34
5.7
4.9
9.14
6.95
8.91
8.61
8.47
8.65
8.79
13.46
14.13
12.88
13.71
5.56
Dividend per Share
40.1
41.36
45.39
47.39
52.21
73.2
58.28
61.42
64.66
67.97
75.69
79.63
100.13
82.34
85.98
90.47
88.34
Book Value per Share
40.09
41.36
45.36
47.36
52.19
73.1
58.2
61.34
64.57
67.88
66.18
70.32
89.84
72.09
75.01
79.73
77.95
Tangible Book Value per Share
1,650
1,650
1,650
1,650
1,650
2,200
2,200
2,200
2,200
2,200
2,218
2,274
2,446
2,446
2,446
2,446
2,447
Basic Weighted Avg Shares
21,880
20,700
25,782
22,698
26,898
47,435
48,939
50,146
51,214
49,874
57,783
55,646
68,863
78,144
84,492
86,242
78,112
Sales/Revenue/Turnover
58.19
55.55
59.6
53.79
59.22
58.07
56.79
61.96
60.08
58.4
58.84
57.19
52.4
52.78
53.69
54.34
50.73
Operating Margin (%)
5,827
5,876
6,146
6,301
6,221
12,383
12,319
12,298
12,223
12,059
11,637
11,484
16,949
19,196
19,755
19,508
- -
Depreciation Expense
8,225
7,700
10,352
8,993
11,830
18,235
20,781
22,261
22,611
21,543
26,298
26,273
23,726
27,245
32,496
34,503
28,941
Net Income, GAAP
24.44
23.78
23.75
22.82
23.21
13.9
16.76
16.43
16.16
19
18.33
18.28
15.67
13.74
15.26
16.27
17.33
Effective Tax Rate (%)
37.59
37.2
40.15
39.62
43.98
38.44
42.46
44.39
44.15
43.2
45.51
47.21
34.45
34.86
38.46
40.01
37.05
Profit Margin (%)
-52,662
-51,365
-45,064
-33,731
-15,025
-54,208
-53,036
-49,516
-47,330
-44,923
-63,832
-35,483
-64,662
-126,548
-142,506
-105,151
-94,637
Working Capital
30,735
30,068
29,616
31,756
38,943
48,663
54,508
61,651
60,266
68,395
52,608
71,057
228,488
213,435
181,139
202,601
210,925
LT Debt
66,166
68,246
74,887
78,181
86,136
133,416
128,526
135,519
142,703
150,016
178,322
190,288
256,017
212,541
222,084
233,361
228,114
Total Equity
4.4
4.3
6.16
5.32
7.53
10.22
8.52
10.05
9.88
9.14
10.19
9.28
6.13
5.36
6.38
6.82
5.76
Return on Invested Capital (%)
7.68
7.43
9.84
8.6
10.52
10.05
12.04
12.26
11.96
10.88
11.63
10.52
6.26
7.04
7.95
8.07
6.9
Return on Capital (%)
12.85
11.46
14.47
11.75
14.4
17.63
16.69
16.91
16.31
14.77
16.35
14.88
11.61
12.7
15.78
15.99
13.4
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
85,386
93,607
72,441
LT Borrowings
202,092
195,526
210,420
LT Finance Leases
509
503
505
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,446
2,446
2,446
Market Capitalization
687,711
688,483
683,853

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
13,788
18,326
23,269
Cash, Cash Equivalents & STI
4,586
8,036
9,373
Accounts Receivable, Net
7,252
8,560
10,320
Inventories
837
841
857
Total Current Liabilities
118,940
121,601
117,906
Payables & Accruals
- -
- -
- -
ST Debt
85,386
93,607
72,441
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.49%
6.77%
5.08%
Free Cash Flow
3.84%
6.12%
-6.53%
Net Income, GAAP
7.05%
6.1%
6.17%
Sales/Revenue/Turnover
6.47%
8.74%
2.07%
Total Cash Common Dividend
7.37%
14.31%
6.45%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
15,657
19,167
31,522
18,161
84,492
2025
17,015
19,682
- -
20,501
86,242
2026
18,112
19,818
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.62
3.02
6.81
1.83
13.28
2025
2.12
3.22
- -
2.58
14.1
2026
2.76
3.27
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.26
1.05
9.6
0.97
12.88
2025
3.19
0.91
- -
0.83
13.71
2026
2.96
0.85
- -
- -
- -
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Business
China Yangtze Power Co., Ltd. (600900.SS) principally engages in hydropower generation and the operation of large-scale hydropower stations primarily along the Yangtze River in China. The company owns, operates, and manages the Three Gorges, Gezhouba, Xiluodu, Xiangjiaba, Wudongde, and Baihetan hydropower stations, with a total installed capacity of 71,795 MW; it also undertakes power production technology consultation, overhaul and maintenance of hydropower projects, equity investment, energy management, and management advisory services. Additional segments encompass international hydropower operations in Portugal, Peru, Brazil, and Pakistan; domestic and overseas power distribution and sales; water services including urban water supply, sewage treatment, and recycled water reuse; smart integrated energy; new energy development; pumped storage; and distributed energy resources such as microgrids and charging infrastructure. Founded in 2002 as a subsidiary of China Three Gorges Corporation and headquartered in Beijing with operational centers in Yichang and Wuhan, China Yangtze Power conducts business across China and select international markets, serving grid operators, industrial customers, and municipal entities. Recent developments include the full grid connection of Baihetan Hydropower Station's 16 GW units in December 2022, establishing the world's largest clean energy corridor on the Yangtze River; completion of Wudongde Hydropower Station's all 12 units by June 2021; acquisition of an 83.6% stake in Peru's Luz del Sur power distribution company in April 2020 for USD 3.59 billion; issuance of sustainability-linked bonds and global depository receipts under the Shanghai-London Stock Connect in 2020 and 2021; and ongoing resource acquisition efforts, such as expansion projects at Xiangjiaba and Gezhouba stations and pumped storage approvals like Gansu Zhangye Pandaoshan, alongside a 5.01% year-on-year increase in domestic cascade hydropower output reported for the first half of 2025.