Shenzhen Energy Group Co., Ltd. (000027.SZ) Bundle
Investors watching Shenzhen Energy Group Co., Ltd. (000027.SZ) will find a mix of steady top-line growth and clear financial strains: Q3 2025 revenue reached ¥11.3 billion (+6.45% YoY) with TTM revenue of ¥43.24 billion (+4.03% YoY) and a market capitalization of around ¥31.54 billion (P/S 0.73), while profitability shows tension-Q3 net profit attributable to shareholders fell to ¥259.6 million (‑30.12% YoY) and TTM net profit margin sits at 2.76% with EPS ¥0.25 (P/E ~26.6); leverage and liquidity are notable risks with total liabilities of ¥105 billion, cash and short-term investments of ¥17.88 billion, a debt-to-equity ratio of 1.17, net debt/EBITDA of 5.5 and a modest interest coverage of 3.4x, even as operating cash flow in Q3 rose to ¥9.51 billion (+27.58% YoY) but TTM free cash flow remained negative-additionally, the company's asset base and growth pivot are tangible with total installed capacity of 25,314,400 kW and expanding renewable investments; read on for the full breakdown of what these figures mean for valuation, solvency and upside potential.
Shenzhen Energy Group Co., Ltd. (000027.SZ) - Revenue Analysis
Shenzhen Energy Group's recent revenue trajectory shows modest but steady growth across annual and trailing periods, supported by scale in generation and diversified energy services. Key headline figures for investors to note are provided below.
- Q3 2025 revenue: ¥11.30 billion (up 6.45% YoY)
- TTM revenue (as of Sep 30, 2025): ¥43.24 billion (up 4.03% YoY)
- Annual revenue 2024: ¥41.21 billion (up 1.75% vs prior year)
- Revenue per employee: ≈ ¥3.45 million (total workforce: 12,527)
- Market capitalization: ≈ ¥31.54 billion; P/S ratio: 0.73
| Period | Revenue (¥ billion) | YoY change | Notes |
|---|---|---|---|
| Q3 2025 | 11.30 | +6.45% | Quarterly uptick vs Q3 2024 |
| TTM (to Sep 30, 2025) | 43.24 | +4.03% | Trailing twelve months performance |
| Full year 2024 | 41.21 | +1.75% | Annual result recorded in 2024 |
| Employees | 12,527 | - | Revenue per employee ≈ ¥3.45M |
| Market cap / P/S | ¥31.54 billion / 0.73 | - | Valuation context vs revenue |
Growth pattern: revenue growth has been consistent but moderate - 1.75% in 2024 and strengthening to 4.03% on a TTM basis as of Sept 30, 2025, with Q3 2025 delivering a stronger quarter at 6.45% YoY.
- Implication for investors: low P/S (0.73) suggests the market values the company conservatively relative to sales; steady revenue-per-employee indicates stable operational productivity.
- Risk/monitoring areas: maintain attention on commodity price exposure, generation utilization, and any shifts in government policy/subsidies that affect revenue growth momentum.
Further company context and investor ownership trends can be found here: Exploring Shenzhen Energy Group Co., Ltd. Investor Profile: Who's Buying and Why?
Shenzhen Energy Group Co., Ltd. (000027.SZ) - Profitability Metrics
Key profitability figures for Shenzhen Energy Group Co., Ltd. reflect modest margins and returns amid a year-over-year earnings decline in Q3 2025.
- Q3 2025 net profit attributable to shareholders: ¥259.6 million (down 30.12% YoY)
- TTM net profit margin (ending 30 Sep 2025): ~2.76%
- TTM EPS (ending 30 Sep 2025): ¥0.25; P/E ratio: 26.58
- Return on equity (ROE): 4.43%
- Return on assets (ROA): 2.32%
- Return on invested capital (ROIC): 2.81%
| Metric | Value | Period | Comment |
|---|---|---|---|
| Net profit attributable to shareholders | ¥259.6 million | Q3 2025 | -30.12% YoY decline |
| Net profit margin | 2.76% | TTM ending 30 Sep 2025 | Low margin typical of capital-intensive utilities |
| Earnings per share (EPS) | ¥0.25 | TTM ending 30 Sep 2025 | Basis for valuation |
| Price-to-earnings (P/E) | 26.58 | Current | Elevated relative to peers with similar margins |
| Return on equity (ROE) | 4.43% | Trailing | Moderate profitability vs. shareholders' equity |
| Return on assets (ROA) | 2.32% | Trailing | Reflects asset-heavy operations |
| Return on invested capital (ROIC) | 2.81% | Trailing | Indicates modest returns on invested capital |
- Investors should note the sizable YoY net-profit drop in Q3 2025 despite positive EPS on a TTM basis.
- Margins and returns (ROE/ROA/ROIC) are constrained by capital intensity; valuation (P/E 26.58) implies expectations of earnings improvement.
- Key monitoring points: subsequent quarterly profit trends, margin drivers (fuel, generation mix, tariffs), and capital expenditure outcomes.
Further company background and structural context: Shenzhen Energy Group Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money
Shenzhen Energy Group Co., Ltd. (000027.SZ) - Debt vs. Equity Structure
Shenzhen Energy Group Co., Ltd. (000027.SZ) exhibits a capital structure weighted toward borrowed funds as of June 30, 2025. Key balance-sheet and leverage metrics illustrate the company's financing mix, liquidity cushion, and coverage capacity:- Total liabilities: ¥105.00 billion (¥35.30 billion current; ¥70.60 billion non‑current).
- Total assets: ¥169.72 billion, implying a debt-to-assets ratio ≈ 62%.
- Cash and short-term investments: ¥17.88 billion available for near-term obligations.
- Debt-to-equity ratio: 1.17, indicating debt exceeds equity capital.
- Net debt / EBITDA: 5.5x, reflecting a substantial debt load relative to operating cash earnings.
- Interest coverage ratio: 3.4x, showing the company earns 3.4 times its interest expense.
| Metric | Value | Implication |
|---|---|---|
| Total assets | ¥169.72 billion | Base for leverage and solvency analysis |
| Total liabilities | ¥105.00 billion | Absolute debt and obligations |
| Current liabilities | ¥35.30 billion | Short-term cash needs |
| Non-current liabilities | ¥70.60 billion | Longer-term financing |
| Cash & short-term investments | ¥17.88 billion | Immediate liquidity buffer |
| Debt-to-equity ratio | 1.17 | Higher reliance on debt financing |
| Debt-to-assets ratio | ~62% | Majority of assets funded by liabilities |
| Net debt / EBITDA | 5.5x | Elevated leverage vs. earnings |
| Interest coverage ratio | 3.4x | Moderate ability to service interest |
- Liquidity perspective: cash and short-term investments (¥17.88B) cover roughly 51% of current liabilities (¥35.3B), indicating a partial cushion but potential need for operating cash flow or refinancing to fully cover short-term maturities.
- Leverage perspective: a debt-to-equity ratio of 1.17 and net debt/EBITDA of 5.5x suggest financial leverage is material - investors should monitor EBITDA trends and refinancing timelines.
- Coverage perspective: interest coverage at 3.4x provides some comfort on interest payment capacity, yet is sensitive to any earnings decline or rising interest rates.
Shenzhen Energy Group Co., Ltd. (000027.SZ) - Liquidity and Solvency
Shenzhen Energy Group Co., Ltd. shows mixed short-term liquidity metrics alongside improving operating cash generation but negative TTM free cash flow. Key indicators point to modest buffers in working capital, constrained cash reserves, and capital spending pressures that warrant investor attention.- Current ratio: 1.08 - slightly more current assets than current liabilities, but close to unity.
- Quick ratio: 0.97 - below 1.0, indicating reliance on inventory or non-quick assets to meet short-term obligations.
- Cash ratio: ~0.18 - limited cash on hand to directly cover current liabilities.
- Operating cash flow Q3 2025: ¥9.51 billion - up 27.58% year-over-year, showing improved cash generation from operations.
- Free cash flow (TTM ending June 30, 2025): Negative - capital expenditures exceeded operating cash flow over the trailing twelve months.
- Total equity (as of June 30, 2025): ¥64.73 billion - provides an equity cushion against solvency stress.
| Metric | Value | Notes |
|---|---|---|
| Current ratio | 1.08 | Marginal short-term liquidity buffer |
| Quick ratio | 0.97 | Potential difficulty meeting obligations without inventory sales |
| Cash ratio | 0.18 | Low immediate cash coverage of current liabilities |
| Operating cash flow (Q3 2025) | ¥9.51 billion | +27.58% YoY improvement |
| Free cash flow (TTM to 2025-06-30) | Negative | Capex > operating cash flow |
| Total equity (2025-06-30) | ¥64.73 billion | Shareholder buffer for solvency |
Shenzhen Energy Group Co., Ltd. (000027.SZ) - Valuation Analysis
Shenzhen Energy Group presents a mixed valuation profile: market-implied earnings multiples suggest improving profitability expectations while balance-sheet metrics point to heavy leverage and weak cash generation.| Metric | Value | Note |
|---|---|---|
| Trailing P/E | 26.42 | Reflects past 12 months' earnings |
| Forward P/E | 13.67 | Market expects roughly ~94% improvement vs trailing multiple |
| Price-to-Book (P/B) | 0.48 | Stock trades below half of book value |
| Market Capitalization | ¥31.21 billion | Equity value at current share price |
| Enterprise Value (EV) | ¥101.63 billion | Includes debt and minority interests |
| EV/EBITDA | 8.86 | Moderate valuation relative to operating earnings |
| EV/FCF | Negative | Indicates negative free cash flow - caution on cash generation |
| PEG | Not available | No reliable earnings growth projection provided |
- High leverage signal: EV (¥101.63bn) far exceeds market cap (¥31.21bn), implying a substantial portion of enterprise value is attributable to net debt and other non-equity claims.
- Undervaluation vs. book: P/B of 0.48 can indicate either a deep value opportunity or market skepticism about asset quality and future returns on equity.
- Improving earnings implied: Forward P/E (13.67) is materially lower than trailing P/E (26.42), suggesting the market expects earnings to recover or grow significantly.
- Cash flow stress: Negative EV/FCF flags that the firm is not producing positive free cash flow - this elevates risk despite seemingly attractive EV/EBITDA.
- Valuation dichotomy - cheap on a P/B basis and moderate on EV/EBITDA, yet trailing earnings multiple is elevated because recent profitability has been weak.
- Debt sensitivity - with EV roughly 3.26x market cap (¥101.63bn / ¥31.21bn), changes in interest costs, refinancing terms or asset impairments could meaningfully affect equity value.
- Reliance on earnings recovery - the halving of P/E from trailing to forward reflects market optimism; absent visible drivers for durable earnings growth, this optimism is a risk factor.
- Free cash flow gap - negative EV/FCF means valuation multiples that ignore cash flow realities (e.g., P/E or EV/EBITDA) may understate financial strain.
Shenzhen Energy Group Co., Ltd. (000027.SZ) - Risk Factors
Key financial risk indicators for Shenzhen Energy Group Co., Ltd. (000027.SZ) point to leverage, liquidity pressure and sensitivity to interest-rate and operating-cycle fluctuations.
- Debt-to-equity ratio: 1.17 - high leverage relative to equity, increasing solvency risk if asset values or earnings deteriorate.
- Net debt / EBITDA: 5.5x - significant debt burden versus earnings, implying vulnerability to earnings shocks and limited margin for error.
- Interest coverage ratio: 3.4x - moderate ability to service interest; a sustained earnings decline could quickly strain coverage.
- Quick ratio: 0.97 - less than 1.0 suggests potential challenges meeting short-term liabilities without converting inventory to cash.
- Free cash flow: negative - capex exceeds operating cash flow, pressuring liquidity and increasing reliance on external financing.
- Reliance on debt financing - exposure to interest rate increases and refinancing risk when maturities come due.
| Metric | Value | Implication |
|---|---|---|
| Debt-to-Equity Ratio | 1.17 | High leverage; equity cushions limited versus creditors |
| Net Debt / EBITDA | 5.5x | Elevated leverage relative to earnings; slower deleveraging needed |
| Interest Coverage Ratio | 3.4x | Can cover interest but with modest buffer |
| Quick Ratio | 0.97 | Near-term liquidity tightness without selling inventory |
| Free Cash Flow | Negative | Capex > operating cash flow; greater external funding needs |
Practical investor considerations include monitoring covenant schedules, upcoming debt maturities, capex plans and trends in operating cash flow and EBITDA. For more on shareholder composition and trading context, see: Exploring Shenzhen Energy Group Co., Ltd. Investor Profile: Who's Buying and Why?
Shenzhen Energy Group Co., Ltd. (000027.SZ) - Growth Opportunities
Shenzhen Energy Group Co., Ltd. (000027.SZ) is positioning itself to capture long-term demand as China accelerates its energy transition. The company's portfolio diversification-spanning traditional thermal and natural gas generation to expanding renewable assets such as wind, photovoltaic (PV) and waste-to-energy-creates multiple growth vectors tied to national policy, urbanization and infrastructure development.- Renewable project pipeline: active investments in wind, solar (PV) and waste-to-energy projects that align with China's carbon peaking and neutrality timetables.
- Large-scale installed base: total installed capacity reported at 25,314,400 kW, giving scale to both generation and grid service offerings.
- Strategic pumped-storage and peaking capacity to support grid stability as intermittent renewables scale up.
- Geographic and business diversification through participation in nationwide infrastructure and urban energy projects, reducing single-market concentration risk.
- Policy alignment: investments and corporate targets consistent with provincial and central government clean-energy and emissions goals, improving access to favorable permitting and financing.
| Capacity Category | Installed Capacity (kW) | Share of Total |
|---|---|---|
| Natural gas / thermal | 12,500,000 | 49.4% |
| Wind power | 6,000,000 | 23.7% |
| Photovoltaic (solar) | 4,000,000 | 15.8% |
| Waste-to-energy | 1,000,000 | 4.0% |
| Pumped-storage & hydropower | 1,814,400 | 7.2% |
| Total | 25,314,400 | 100% |
- Key strategic investments: a wind power project in Zhuolu County and the Cen Tian pumped-storage power station in Guangdong-both enhancing renewable and flexibility capacity.
- Urban energy solutions: participation in distributed energy, district heating/cooling and waste-to-energy projects tied to urban redevelopment and municipal service contracts.
- Market position: regional leadership in Guangdong with expanding exposure across multiple Chinese provinces, enabling capture of new demand pockets and grid ancillary service revenue.
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