China Three Gorges New Energy Group Co Ltd (600905) Fair Value & Analysis
Utilities · CN · Market cap 108B CNY (≈ $16.1B) · ISIN CNE1000051F2
What is China Three Gorges New Energy Group Co Ltd really worth?
Below-average quality, and trading another 53% above our fair value of ¥2.40.
Risks
For context
Fair value as of: Aug 24, 2026
From 13 valuation models · updated 12 days ago
Share price −3.7% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (¥2.76). The favourable scenario is already priced in.
- Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 24, 2026.
How to read this chart
60‑month range ¥3.61 – ¥7.56 · fair‑value band ¥2.23 – ¥2.76 · the ¥3.68 price screens above the ¥2.40 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 24, 2026.
Analysis
China Three Gorges New Energy Group Co Ltd (600905) currently trades at ¥3.68, while our model-based Fair Value estimate is ¥2.40, implying the stock looks roughly 53.3% overvalued today. The Quality Score stands at 40/100 (below-average quality), in the Utilities sector. Bull case: the Dividend Discount group reads highest at a median of ¥3.42 per share, and 2 of the 12 models we run sit above the ¥3.68 price. Bear case: the Asset-Based group reads lowest at ¥2.08, and 10 of the 12 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, China Three Gorges New Energy Group Co Ltd generated revenue of 27.7B CNY at a net margin of 8.3%. Revenue declined 8.9% year over year. It earns a return on equity of 2.5%. Net debt stands at 168B CNY. Fundamentals as of Aug 24, 2026
Our scenario range runs from ¥2.23 (bear case) to ¥2.76 (bull case); at ¥3.68, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 21% below its 52-week high, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at −12% fair-value upside, at −35%, 600905 screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.0265 per share, which is 1.1 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 13 models by family
Widest divergence: Dividend Discount (¥3.42) versus Asset-Based (¥2.08). Highest evidence: Residual Income (76).
Notify me when 600905 reaches fair value
Put 600905 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 24, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 37 · Market factors (momentum, volatility) 44
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
China Three Gorges Renewables (Group) Co.,Ltd. engages in the development, investment, and operation of wind and solar energy in China.
Full company description
China Three Gorges Renewables (Group) Co.,Ltd. engages in the development, investment, and operation of wind and solar energy in China. The company develops offshore wind power projects with a cumulative installed capacity of 7.0498 million kilowatts, onshore wind power projects with a cumulative installed capacity of over 7.5 million kilowatts, photovoltaic power stations with a cumulative installed capacity of over 7 gigawatts, and small and medium-sized hydropower project with an installed capacity of 220 megawatts. China Three Gorges Renewables (Group) Co.,Ltd. was founded in 1985 and is based in Beijing, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
China Three Gorges New Energy Group Co Ltd reported revenue of 28.4B CNY in FY2025 versus 16.4B CNY in FY2021, a compound +14.7%/yr. Reported net income was 3.7B CNY in FY2025, compounding −12.9%/yr from FY2021.
600905 screens 53% overvalued. Compare with China Yangtze Power Co →
Peer Group
Utilities - Renewable · 213 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Utilities - Renewable median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Aug 24, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Yangtze Power Co 600900 | ¥27.96 | ¥25.13 | −10% |
| Ørsted A/S ORSTED | kr 139.25 | kr 31.40 | −77% |
| Huaneng Lancang River Hydropower Inc 600025 | ¥9.79 | ¥5.57 | −43% |
| Adani Green Energy Limited ADANIGREEN | ₹1,319 | ₹169.61 | −87% |
| AXIA Energia SA AXIAP | $10.74 | $9.49 | −12% |
| VERBUND AG OEWA | €57.00 | €66.19 | +16% |
| BEP BEP | $31.27 | $70.40 | +125% |
| BEPUN BEPUN | C$45.05 | C$42.83 | −5% |
| Fortum Oyj FORTUM | €19.80 | €13.55 | −32% |
| China Longyuan Power Group 001289 | ¥15.92 | ¥7.55 | −53% |
Compare China Three Gorges New Energy Group Co Ltd with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Utilities stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is China Three Gorges New Energy Group Co Ltd (600905) overvalued or undervalued?
What is the fair value of 600905?
What is the quality score of 600905?
What is the revenue of China Three Gorges New Energy Group Co Ltd (600905)?
What is the net profit margin of 600905?
Does China Three Gorges New Energy Group Co Ltd pay a dividend?
Watch China Three Gorges New Energy Group Co Ltd in the live analysis
One click puts China Three Gorges New Energy Group Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.