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  3. •

    Electric utilities
GEPIC Energy Development Co. Ltd. Class A

GEPIC Energy Development Co. Ltd. Class A

SSZSE:000791
6.60
CNY
+0.01
(+0.15%)
0.78EPS
14.90P/E
24.65BMarket Cap
Oct 27Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.58
1.45
1.64
1.2
1.46
1.7
1.67
1.67
1.48
1.51
2.25
2.8
2.79
2.59
Basic EPS, GAAP
0.32
0.2
0.02
-0.08
0.19
0.36
0.31
0.33
0.19
0.22
0.38
0.53
0.63
0.51
Free Cash Flow per Basic Share
0.58
0.28
0.56
0.45
0.75
0.77
0.93
1.06
0.77
-0.73
-0.16
0.13
0.43
- -
Dividend per Share
0.62
0.63
0.75
0.52
0.47
0.49
0.42
0.46
0.46
0.35
0.37
0.25
0.33
0.57
Book Value per Share
3.48
3.61
3.9
3.68
4.3
4.43
4.71
4.94
5.01
6.07
7.07
4.18
4.64
4.68
Tangible Book Value per Share
3.38
3.51
3.76
3.56
4.19
4.26
4.54
4.77
4.85
5.91
6.89
4.1
4.55
4.59
Basic Weighted Avg Shares
1,011
1,011
1,143
1,324
1,360
1,359
1,359
1,359
1,359
1,360
3,103
3,103
3,244
3,244
Sales/Revenue/Turnover
1,601
1,467
1,880
1,592
1,987
2,306
2,268
2,265
2,013
2,046
6,968
8,695
9,065
8,402
Operating Margin (%)
48.79
43.98
38.62
29.64
41.4
45.85
43.4
43.56
33.6
32.78
33.27
34.92
40.33
37.5
Depreciation Expense
461
479
780
744
752
753
753
752
756
780
1,179
1,454
1,494
- -
Net Income, GAAP
328
198
25
-107
261
485
423
442
261
302
1,172
1,644
2,051
1,654
Effective Tax Rate (%)
7.91
9.75
52.95
- -
12.28
12.48
13.56
13.24
15.81
12.89
14.65
10.77
11.35
10.94
Profit Margin (%)
20.49
13.51
1.32
-6.71
13.14
21.04
18.63
19.52
12.95
14.75
16.82
18.91
22.63
19.69
Working Capital
-1,050
-1,071
-825
-730
132
342
201
1,101
154
-203
753
1,591
898
462
LT Debt
7,938
8,086
12,695
11,692
11,703
11,053
9,439
9,432
7,563
8,217
15,506
14,932
14,371
14,838
Total Equity
3,656
3,785
4,112
5,153
6,019
6,197
7,134
7,495
8,088
9,376
13,714
16,566
18,720
18,451
Return on Invested Capital (%)
2.76
1.61
0.13
- -
1.37
2.66
2.62
2.82
1.76
1.85
6.19
7.19
8.56
7.18
Return on Capital (%)
6.03
4.96
1.65
- -
4.12
5.2
4.45
4.23
3.14
3.3
4.33
4.69
4.34
3.37
Return on Common Equity (%)
9.68
5.53
0.65
-2.39
4.81
8.17
6.8
6.74
3.85
4.01
11.98
13.22
14.34
11.32

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
3,500
2,292
3,170
LT Borrowings
14,346
15,440
14,788
LT Finance Leases
25
48
51
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,244
3,244
3,244
Market Capitalization
20,923
24,848
24,653

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,984
7,018
6,502
Cash, Cash Equivalents & STI
3,280
3,783
2,780
Accounts Receivable, Net
2,933
2,747
2,893
Inventories
337
136
308
Total Current Liabilities
6,086
4,463
6,040
Payables & Accruals
- -
- -
- -
ST Debt
3,500
2,292
3,170
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.91%
20.78%
13%
Free Cash Flow
-9.08%
-38.28%
256.64%
Net Income, GAAP
-46.88%
65.61%
24.77%
Sales/Revenue/Turnover
28.39%
52.02%
4.26%
Total Cash Common Dividend
9.7%
24.8%
38.41%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,218
730
857
6,603
8,695
2025
2,238
1,692
- -
2,541
9,065
2026
2,394
1,776
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
0.07
0.21
0.32
0.53
2025
0.15
0.11
- -
0.14
0.63
2026
0.15
0.11
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
0.08
0.04
0.11
0.25
2025
0.04
0.22
- -
0.04
0.33
2026
0.04
0.27
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Shi Min Kou
Full Time Employees
2,261
Sector
Utilities
Industry
Electric utilities
Address
Gansu Investment Group Building Lanzhou GA China 730046
IPO Date
Oct 14, 1997
Website
gepiced.com
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Business
GEPIC Energy Development Co., Ltd. engages primarily in the generation and sale of electricity from diverse sources including thermal power, hydropower, wind power and photovoltaic power in China. The company constructs and develops hydropower plants and wind turbines; develops energy conservation equipment and materials; provides technical consulting, investment, development, production and operation of power projects; undertakes water conservancy and power resource development; offers installation and maintenance services for hydropower; conducts training and power station operation management services. It sells spare parts and pumps; invests in industrial and energy sectors; supplies hydropower station automation technology consulting, technology transfer services and electromechanical equipment; wholesales and retails building materials and coal; develops wind resources; develops and sells new energy and renewable energy technologies and products; integrates and operates photovoltaic power stations; constructs and operates solar power stations; and provides engineering consulting, power transmission and technical services for solar energy utilization. GEPIC Energy Development Co., Ltd., founded in 1997 and headquartered in Lanzhou City, Gansu Province, operates principally within China and functions as a subsidiary of Gansu Province Electric Power Investment Group Co., Ltd. In recent developments, the company completed a major asset restructuring in December 2024 involving the acquisition of a 66% stake in Gansu Electric Investment Changle Power Generation Co., Ltd. via share issuance and cash payment, transferring RMB 7.6 billion in target assets and raising RMB 1.9 billion in supporting funds; its subsidiary's Unit Six of the 2x1,000 MW coal-fired expansion project entered commercial operation in October 2025; and it accepted entrusted management of certain thermal power generation businesses from its controlling shareholder to avoid industry competition.