China Three Gorges Renewables (Group) (600905) Stock Price, Fundamentals & Analysis

What 600905 does

China Three Gorges Renewables (Group) (600905) develops, invests in, and operates wind and solar energy assets in China. The company runs offshore wind power projects with a cumulative installed capacity of 7.0498 million kilowatts, onshore wind power projects with over 7.5 million kilowatts, photovoltaic power stations with over 7 gigawatts, and small and medium-sized hydropower projects with 220 megawatts of installed capacity. Founded in 1985 and headquartered in Beijing, China, it is listed on the Shanghai Stock Exchange and is part of the CSI 300. Peers in the Chinese utilities space include SDIC Power Holdings (600886), China Yangtze Power (600900), ENN Ecological Holdings (600803), Zhejiang Zheneng Electric Power (600023), Sichuan Chuantou Energy (600674), China National Nuclear Power (601985), and Huaneng Lancang River Hydropower (600025).

Key numbers explained

• The current price is 3.61 CNY, down 0.82% today and 15.7% over the last 52 weeks (range 3.61 – 4.67).
• The trailing P/E ratio of 90.3 divides the share price by the last twelve months of earnings per share (0.04 CNY); a high number can signal that investors are paying a premium relative to current earnings.
• The forward P/E ratio of 32.4 uses expected future earnings, which can be lower if the market anticipates growth or a turnaround.
• The dividend yield is 1.14%, meaning the annual dividend represents 1.14% of the current price; the ex-dividend date is 22 Jul 2026.
• The company pays out 171% of its earnings as dividends, a payout ratio above 100% that indicates dividends exceed current earnings.
• Beta of 0.09 suggests the stock’s price moves much less than the overall market.
• Return on equity is 1.3%, a measure of how much profit the company generates with shareholders’ equity.
• The debt-to-equity ratio of 189.5% means debt is nearly twice shareholders’ equity, a level worth monitoring for any company.

What to watch

• Revenue growth, which is -9.8% year over year on trailing twelve-month revenue of 27.02 mld. CNY, can signal changes in the business outlook.
• Profit margin of 4.1% and operating margin of 18.2% show how much of each revenue yuan turns into profit and operating income.
• Market capitalization of 103.2 mld. CNY reflects the total market value of all shares and is used to compare company size.
• Price-to-book of 1.16 compares the market price to the company’s book value per share.
• Regulatory and policy shifts in China’s renewable energy sector, grid connection rules, and power pricing can affect stocks like China Three Gorges Renewables (Group) (600905).