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Green Development Electricity Group of Tianjin Co., Ltd. Class A

Green Development Electricity Group of Tianjin Co., Ltd. Class A

SSZSE:000537
7.08
CNY
+0.05
(+0.71%)
0.45EPS
23.53P/E
15.03BMarket Cap
Oct 28Next Earn
Green Development Electricity Group of Tianjin Co., Ltd. Class A
SZSE:000537
(Shenzhen Stock Exchange)

Recent

price

7.08

P/E

ratio

23.53

div

yld

14.15%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
3.01
2.91
3.5
2.89
2.51
2.84
5.72
12.89
14.49
12.36
10.63
10.57
1.84
1.97
1.9
2.38
2.45
Revenue per Share
0.21
0.55
0.55
0.7
0.55
0.28
0.36
1.25
1.34
1.69
1.19
-0.17
0.34
0.49
0.5
0.39
0.31
Basic EPS, GAAP
-0.05
0.72
1.51
1.68
-0.92
-5.15
-2.34
6.12
3.04
-1.05
-3.54
1.11
-6.07
-11.94
-9.54
-3.16
- -
Free Cash Flow per Basic Share
0.03
0.1
0.42
0.14
- -
0.05
0.72
1.03
0.75
0.73
1.04
1.75
0.46
0.43
0.78
0.87
1
Dividend per Share
1.19
1.73
2.28
2.98
3.53
3.81
12.98
6.43
5.75
7.36
8.25
12.25
8.81
9.21
9.48
9.6
9.67
Book Value per Share
1.19
1.73
2.28
2.98
3.53
3.81
12.66
5.94
5.3
7.21
8.1
12.11
8.66
9.02
9.27
9.38
9.45
Tangible Book Value per Share
508
510
509
515
510
508
1,606
1,680
1,867
1,859
1,858
1,853
1,863
1,877
2,017
2,053
2,102
Basic Weighted Avg Shares
1,530
1,486
1,781
1,487
1,283
1,444
9,183
21,643
27,057
22,987
19,751
19,583
3,430
3,691
3,840
4,893
5,159
Sales/Revenue/Turnover
15.41
36.07
29.49
27.08
25.27
18.52
11.35
13.44
20.2
25.08
19.63
19.07
42.98
45.54
47.64
41.55
37.95
Operating Margin (%)
7
2
3
2
1
1
135
177
262
307
320
1,547
1,325
1,390
1,395
2,098
- -
Depreciation Expense
107
280
280
361
281
142
578
2,099
2,502
3,142
2,212
-315
634
920
1,009
801
653
Net Income, GAAP
27.26
26.6
25.03
- -
2.81
21.75
13.74
22.82
27.03
24.18
23.77
198.71
10.64
12.78
11.56
10.86
16.25
Effective Tax Rate (%)
6.97
18.87
15.73
24.26
21.87
9.86
6.3
9.7
9.25
13.67
11.2
-1.61
18.47
24.92
26.26
16.36
12.66
Profit Margin (%)
1,028
1,372
1,356
1,675
1,326
3,355
23,230
20,561
16,835
16,713
39,122
20,857
7,368
-2,918
6,556
-274
1,004
Working Capital
239
184
- -
- -
- -
1,108
20,986
16,077
14,425
11,539
31,607
20,404
15,736
28,477
54,466
55,870
57,819
LT Debt
960
1,357
1,515
2,067
2,499
2,742
7,637
11,981
10,710
13,704
15,357
24,388
17,677
20,555
24,785
26,037
26,205
Total Equity
13.16
26.74
24.74
- -
16.33
6.01
3.68
6.04
7.25
8.72
4.75
1.03
1.8
2.08
1.62
1.46
1.12
Return on Invested Capital (%)
3.63
9.27
8.08
- -
4.31
1.13
1.91
5.89
8.21
10.19
6.32
-3.03
2.92
2.63
1.81
1.16
1.18
Return on Capital (%)
19.13
37.41
27.24
26.75
16.81
7.57
13.44
22.53
22.06
25.74
15.22
-1.65
3.23
5.48
5.49
4.06
3.29
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
8,811
6,642
5,835
LT Borrowings
54,674
56,518
56,635
LT Finance Leases
1,195
1,231
1,183
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,067
2,056
2,056
Market Capitalization
16,967
20,783
15,027

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
14,456
14,241
13,668
Cash, Cash Equivalents & STI
7,429
6,624
6,091
Accounts Receivable, Net
5,613
6,041
6,077
Inventories
- -
- -
- -
Total Current Liabilities
14,729
13,324
12,664
Payables & Accruals
- -
- -
- -
ST Debt
8,811
6,642
5,835
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
33.8%
14.64%
5.05%
Free Cash Flow
-103.42%
-152.64%
-66.3%
Net Income, GAAP
20.32%
-76.24%
-20.61%
Sales/Revenue/Turnover
62.34%
-8.86%
27.41%
Total Cash Common Dividend
450.68%
19.84%
12.97%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
856
948
1,119
916
3,840
2025
1,026
1,308
- -
1,186
4,893
2026
1,177
1,488
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.09
0.15
0.22
0.05
0.5
2025
0.12
0.18
- -
- -
0.39
2026
0.04
0.1
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.14
0.13
0.34
0.18
0.78
2025
0.15
0.35
- -
0.22
0.87
2026
0.16
0.28
- -
- -
- -
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Business
China Green Electricity Investment of Tianjin Co., Ltd. (000537.SZ) develops, constructs, and operates renewable energy projects in China, focusing on wind and solar power generation; its core offerings include offshore wind power, onshore wind power, photovoltaic power generation, solar thermal power, and energy storage services, with electricity as the primary product. Founded in 1986 and headquartered at No. 5 Chaowai Street, Beijing, the company operates primarily within the domestic market as a subsidiary of the state-owned Luneng Group Co., Ltd., serving utility-scale needs that support China's carbon peaking before 2030 and neutrality by 2060 goals. It competes in the utilities sector's renewable electricity segment against larger state-owned enterprises like China Longyuan Power, leveraging parent company backing for project approvals, capital access, and off-take agreements. The company rebranded from Tianjin Guangyu Development Co., Ltd. in September 2022 to emphasize its green electricity focus, and its board recently approved a further name change to Green Development Electricity Group of Tianjin Co., Ltd.