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China Yangtze Power Co., Ltd. 600900.SS

CN · Shanghai Stock Exchange · XSHG · stock · Utilities · website

China Yangtze Power Co., Ltd. statistics & valuation

Market capCN¥687.8B
P / E19.9×
P / S8.0×
P / B3.1×
P / FCF16.3×
Net margin40.0%
FCF margin48.8%
Net debtCN¥283.4B
Enterprise value USD$144.5B
Earnings yield EBIT/EV4.8%
Return on capital10.6%
Graham number -40%CN¥16.94

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (CN¥16.94); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
34.50% 34.90% 38.50% 40.00% 2022202320242025
Gross margin (%)
57.10% 57.80% 59.10% 61.70% 2022202320242025
Operating margin (%)
52.40% 52.80% 53.70% 54.30% 2022202320242025
Return on equity (%)
10.40% 13.50% 15.40% 15.60% 2022202320242025
Shares outstanding
24.47B 24.47B 24.47B 24.47B 2022202320242025
Net debt (CN¥)
CN¥271.24B CN¥307.67B CN¥291.12B CN¥283.40B 2022202320242025
Share buybacks (CN¥)
2022202320242025
Return on assets (%)
4.10% 4.80% 5.70% 6.20% 2022202320242025
Free cash flow margin (%)
45.00% 67.00% 53.30% 48.80% 2022202320242025
Debt / equity (×)
1.24× 1.57× 1.42× 1.30× 2022202320242025
EPS (CN¥)
CN¥0.97 CN¥1.11 CN¥1.33 CN¥1.41 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

China Yangtze Power Co., Ltd. trades at about 20× earnings — near its 10-year norm (10-year range 18.7×–21.9×, median 21.8×).

18.7× 21.9×

Shaded band = 10-year range (18.7×–21.9×); dot = today's 20×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin61.7%59.1%57.8%57.1%
Operating margin54.3%53.7%52.8%52.4%
Net margin40.0%38.5%34.9%34.5%
FCF margin48.8%53.3%67.0%45.0%
Return on assets6.2%5.7%4.8%4.1%
Return on equity15.6%15.4%13.5%10.4%
Debt / equity0.91×0.86×1.06×1.00×
Current ratio0.120.110.120.30

Computed from company filings · CN · as of 2025-12-31. Figures in CNY. Facts plus Stocktoria's own computed scores — not investment advice.