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    Electric utilities
CHN Energy Changyuan Electric Power Co., Ltd. Class A

CHN Energy Changyuan Electric Power Co., Ltd. Class A

SSZSE:000966
3.81
CNY
+0.01
(+0.26%)
-0.03EPS
13.65BMarket Cap
Oct 29Next Earn
CHN Energy Changyuan Electric Power Co., Ltd. Class A
SZSE:000966
(Shenzhen Stock Exchange)

Recent

price

3.81

P/E

ratio

- -

div

yld

3.61%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
6.56
7.14
6.48
6.83
5.95
5.52
4.85
4.93
5.92
6.65
3.95
4.75
5.33
5.26
6.19
3.88
3.78
Revenue per Share
-0.28
0.09
0.08
0.26
0.62
0.86
0.36
-0.11
0.19
0.52
0.39
-0.01
0.04
0.13
0.25
-0.02
-0.02
Basic EPS, GAAP
-0.73
0.35
2.13
1.51
1.52
2.2
0.27
0.12
0.37
0.97
0.28
-0.42
-2.78
-1.66
-0.49
-0.15
- -
Free Cash Flow per Basic Share
0.52
0.62
0.57
0.41
0.38
0.3
0.29
0.26
0.2
0.23
0.23
0.21
0.13
0.21
0.25
0.21
0.14
Dividend per Share
1.08
1.17
1.24
1.5
2.06
2.9
3.14
2.93
3.14
3.76
8.47
3.71
3.49
3.62
3.91
3.83
3.89
Book Value per Share
0.62
0.73
0.79
1.09
1.69
2.73
2.96
2.69
2.9
3.53
7.29
3.15
2.96
3.07
3.43
3.35
3.42
Tangible Book Value per Share
1,108
1,108
1,108
1,108
1,108
1,108
1,108
1,108
1,108
1,108
2,550
2,561
2,749
2,749
2,810
3,482
3,480
Basic Weighted Avg Shares
7,276
7,908
7,178
7,575
6,596
6,121
5,378
5,464
6,563
7,366
10,073
12,164
14,662
14,457
17,391
13,528
13,151
Sales/Revenue/Turnover
4.02
0.23
9.62
18.6
21.81
29.76
14.92
0.47
7.61
14.05
11.53
-0.16
3.54
6.96
8.9
3.37
3.67
Operating Margin (%)
669
672
621
626
583
594
602
588
622
578
1,174
1,099
1,092
1,410
1,778
1,904
- -
Depreciation Expense
-312
98
85
293
690
952
399
-122
209
573
1,001
-25
123
349
715
-66
-66
Net Income, GAAP
- -
23.23
19.66
19.53
17.39
27.13
30.85
- -
27.66
29.17
22.52
- -
54.85
28.2
23.6
- -
- -
Effective Tax Rate (%)
-4.29
1.24
1.18
3.86
10.46
15.56
7.42
-2.22
3.18
7.78
9.94
-0.21
0.84
2.41
4.11
-0.49
-0.5
Profit Margin (%)
-3,459
-3,969
-3,961
-3,559
-3,911
-2,853
-2,823
-2,758
-2,438
-2,513
-4,916
-4,561
-6,864
-7,349
-5,115
-10,968
-11,534
Working Capital
5,520
4,141
3,733
2,782
2,575
2,091
1,730
1,992
1,876
1,268
3,914
5,067
9,931
15,187
16,305
12,219
10,804
LT Debt
1,829
1,743
1,859
2,213
2,530
3,440
3,647
3,412
3,653
4,419
9,493
9,540
9,853
10,294
13,963
13,638
13,853
Total Equity
- -
-0.23
0.92
8.18
9.05
9.72
4.9
- -
2.7
6.91
7.54
- -
0.45
1.19
2.02
- -
- -
Return on Invested Capital (%)
- -
5.84
5.33
6.81
10.61
14.21
6.88
- -
4.46
8.56
8.71
- -
1.16
2.04
3.14
- -
- -
Return on Capital (%)
-23.22
7.92
6.34
19.23
34.96
34.63
11.91
-3.62
6.21
14.98
14.77
-0.27
1.29
3.57
6.07
-0.49
-0.49
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
11,062
12,177
12,514
LT Borrowings
11,636
11,131
10,217
LT Finance Leases
583
593
588
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,481
3,481
3,481
Market Capitalization
14,864
16,430
13,646

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,118
4,454
4,172
Cash, Cash Equivalents & STI
143
141
96
Accounts Receivable, Net
1,466
2,340
1,816
Inventories
1,091
555
922
Total Current Liabilities
15,086
15,520
15,706
Payables & Accruals
- -
- -
- -
ST Debt
11,062
12,177
12,514
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.4%
8.32%
-2.33%
Free Cash Flow
37.49%
36.2%
-62.6%
Net Income, GAAP
-71.85%
-101.51%
-109.25%
Sales/Revenue/Turnover
9.65%
7.59%
-22.21%
Total Cash Common Dividend
15.52%
8.4%
4.78%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,224
3,722
4,985
4,460
17,391
2025
3,330
3,285
- -
3,007
13,528
2026
3,720
3,138
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.09
0.07
0.17
-0.06
0.25
2025
-0.02
0.05
- -
-0.12
-0.02
2026
0.03
0.02
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
0.09
0.05
0.04
0.25
2025
0.03
0.03
- -
0.03
0.21
2026
0.03
0.04
- -
- -
- -
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Business
CHN Energy Changyuan Electric Power Co Ltd (000966.SZ) is a China-based company principally engaged in the production and sale of electricity and heat; it generates power through thermal, photovoltaic, hydro, wind, and biomass sources; and offers business and technical training services, equipment production, related technology development, technical services, new energy development and utilization, as well as projects involving coal mines, chemical raw materials, and chemical products. Founded in 1995 and headquartered in Wuhan, China, the company operates primarily within the country as a subsidiary of China Energy Investment Corporation Limited, employing approximately 4,700 to 4,931 people and serving utilities-regulated electric and heating markets. Formerly known as Guodian Changyuan Electric Power Co Ltd, it changed its name to CHN Energy Changyuan Electric Power Co Ltd in August 2021; in January 2024, it secured approval to raise 3 billion yuan for constructing 10 photovoltaic projects totaling 2.35 gigawatts capacity; and in July 2025, a subsidiary signed a 240-million-yuan environmental franchise deal with affiliate Longyuan Environmental.