China Yangtze Power (600900) Stock Price, Fundamentals & Analysis

What 600900 does

China Yangtze Power (600900) is a hydropower generation company operating in China, Portugal, Peru, Brazil, and Pakistan. It runs major stations including the Three Gorges, Gezhouba, Xiluodu, Xiangjiaba, Wudongde, and Baihetan hydropower plants, with a combined installed capacity of 71.695 MW. The company also works in smart integrated energy, new energy, power distribution and sales, investment and financing, pumped storage, and overseas power station operation, maintenance, management, and consultation services. Founded in 2002 and headquartered in Beijing, China Yangtze Power is a subsidiary of China Three Gorges Corporation. It is part of the CSI 300 index and operates in the same space as peers such as GD Power Development (600795) and China Three Gorges Renewables (Group) (600905).

Key numbers explained

• The current price is 28.36 CNY, reflecting the latest trading value on the Shanghai Stock Exchange.
• The trailing P/E ratio of 19.2 shows how much investors pay per unit of recent earnings; a lower number can suggest the stock is cheaper relative to earnings.
• The forward P/E ratio of 18.8 uses expected future earnings and is often read as a more forward-looking valuation than the trailing P/E.
• The dividend yield of 6.11% indicates the annual dividend as a percentage of the current price, a common way to compare income returns across stocks.
• The ex-dividend date of Jul 17, 2026 is the cutoff date; buyers on or after this date do not receive the next dividend payment.
• The beta of 0.03 suggests the stock's price movements have historically been much smaller than the overall market's movements.
• The debt-to-equity ratio of 124.5% means the company has more debt than shareholders' equity, which is typical for capital-intensive utilities.
• The price-to-book ratio of 3.21 compares the market price to the company's book value per share, a standard measure of whether the market values the company above or below its accounting net assets.

What to watch

• Hydropower generation is sensitive to water availability and seasonal rainfall patterns, which can affect output and revenue.
• Regulatory changes in China's energy sector, including pricing and subsidy policies, can influence profitability.
• The company's significant overseas operations expose it to currency and geopolitical risks across multiple countries.
• As a large-cap utility stock, it is often compared with peers like ENN Ecological Holdings (600803) and China National Nuclear Power (601985) for sector trends.
• Investors tracking the broader Shanghai Stock Exchange universe can monitor its performance alongside Sichuan Chuantou Energy (600674) and Zhejiang Zheneng Electric Power (600023).