000537.SHE Tianjin Guangyu Development Co Ltd
- Market cap
- CNY 13.9B
- P/E
- 37.5x
- P/B
- 0.70x
- ROE
- 2.5%
- Dividend yield
- 12.88%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 000537.SHE undervalued?
Graham number000537.SHE trades 7.7% above its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Tianjin Guangyu Development Co Ltd fundamental analysis
No fundamental analysis for Tianjin Guangyu Development Co Ltd yet.
Tianjin Guangyu Development Co Ltd stock price
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About Tianjin Guangyu Development Co Ltd
Green Development Electricity Group of Tianjin Co., Ltd. engages in the investment, development, and operation of wind and solar energy in China. It is involved in development and construction of onshore and offshore wind power, photovoltaic power generation, and concentrated solar power. The company was formerly known as China Green Electricity Investment of Tianjin Co., Ltd. and changed its name to Green Development Electricity Group of Tianjin Co., Ltd. in December 2025. …
Full company profileTianjin Guangyu Development Co Ltd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Tianjin Guangyu Development Co Ltd annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 9.18B | 21.6B | 27.1B | 23.0B | 18.7B | 19.6B | 3.43B | 3.69B | 3.84B | 4.89B | 5.41B |
| Gross Profit | 2.82B | 6.02B | 6.94B | 7.44B | 5.92B | 4.62B | 1.83B | 1.98B | 2.10B | 2.30B | 2.09B |
| Operating Income | 892M | 2.86B | 3.39B | 4.11B | 2.87B | -515M | 818M | 1.15B | 1.31B | 2.03B | 1.84B |
| EBITDA | 1.03B | 3.19B | 3.92B | 4.78B | 772M | 3.72B | 2.80B | 3.00B | 3.19B | 4.16B | 1.83B |
| Net Income | 578M | 2.10B | 2.50B | 3.14B | 2.21B | -315M | 634M | 920M | 1.01B | 801M | 489M |
| EPS | 0.36 | 1.25 | 1.34 | 1.69 | 1.19 | -0.17 | 0.34 | 0.49 | 0.50 | 0.39 | 0.24 |
| Balance Sheet | |||||||||||
| Total Assets | 68.4B | 82.9B | 76.0B | 70.0B | 74.8B | 114B | 37.5B | 70.4B | 89.4B | 99.4B | 99.9B |
| Total Liabilities | 60.8B | 70.9B | 65.3B | 56.3B | 59.5B | 89.3B | 19.9B | 49.8B | 64.6B | 73.4B | 73.7B |
| Shareholders' Equity | 6.66B | 12.0B | 10.7B | 13.7B | 15.4B | 22.8B | 16.4B | 17.2B | 19.6B | 19.8B | 19.9B |
| Cash & Short-term Investments | 7.47B | 8.98B | 4.86B | 4.81B | 6.70B | 6.94B | 4.88B | 9.00B | 6.61B | 7.43B | 6.54B |
| Total Debt | 26.4B | 18.6B | 18.2B | 14.8B | 31.9B | 22.9B | 15.7B | 39.5B | 54.5B | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | -3.26B | 10.7B | 5.96B | -1.79B | -6.38B | 4.99B | -8.21B | 2.54B | 1.80B | 4.91B | - |
| Capital Expenditure | 1.98M | 401M | 288M | 159M | 190M | 304M | 3.11B | 24.9B | 21.0B | 11.4B | 3.03B |
| Free Cash Flow | -6.65B | 7.63B | 5.68B | -1.95B | -6.57B | -160M | -11.3B | -22.4B | -19.2B | -6.49B | 2.01B |
| Ratios | |||||||||||
| ROE | 8.7% | 17.5% | 23.4% | 22.9% | 14.4% | -1.4% | 3.9% | 5.4% | 5.1% | 4.0% | 2.5% |
| ROA | 0.8% | 2.5% | 3.3% | 4.5% | 3.0% | -0.3% | 1.7% | 1.3% | 1.1% | 0.8% | 0.5% |
| Net Profit Margin | 6.3% | 9.7% | 9.2% | 13.7% | 11.8% | -1.6% | 18.5% | 24.9% | 26.3% | 16.4% | 9.0% |
| Debt to Equity | 3.96x | 1.55x | 1.70x | 1.08x | 2.08x | 1.00x | 0.96x | 2.30x | 2.78x | - | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
Tianjin Guangyu Development Co Ltd dividends
- Dividend yield
- 12.88%
- Forward dividend
- 0.17 CNY
- Payout ratio
- 223.2%
- Ex-dividend date
- Jun 26, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 1.79B | 0.86 | 223.2% |
| 2024 | CNY 372M | 0.18 | 36.9% |
| 2023 | CNY 186M | 0.10 | 20.3% |
| 2022 | CNY 849M | 0.46 | 134.0% |
| 2021 | CNY 3.23B | 1.75 | - |
| 2020 | CNY 559M | 0.30 | 25.3% |
| 2019 | CNY 242M | 0.13 | 7.7% |
| 2018 | CNY 1.40B | 0.75 | 55.9% |
| 2017 | CNY 1.72B | 1.03 | 82.1% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 16.411:10 on Mar 17, 2006.
Who owns Tianjin Guangyu Development Co Ltd
- Insiders 69.66%
- Institutions 2.16%
- Public & others 28.18%
- Shares outstanding 2.06B
- Free float 617M
Tianjin Guangyu Development Co Ltd company profile
- Company name
- Tianjin Guangyu Development Co Ltd
- Ticker
- 000537.SHE
- ISIN
- CNE000000271
- Exchange
- Shenzhen Stock Exchange
- Sector
- Utilities
- Industry
- Real Estate Management & Development
- Employees
- 1,317
- Fiscal year end
- December
- Address
- No. 5, Chaowai Street, Beijing, China, 100020
- Phone
- 86 10 8572 7717
- Website
- cge.cn
About Tianjin Guangyu Development Co Ltd
Green Development Electricity Group of Tianjin Co., Ltd. engages in the investment, development, and operation of wind and solar energy in China. It is involved in development and construction of onshore and offshore wind power, photovoltaic power generation, and concentrated solar power. The company was formerly known as China Green Electricity Investment of Tianjin Co., Ltd. and changed its name to Green Development Electricity Group of Tianjin Co., Ltd. in December 2025. Green Development Electricity Group of Tianjin Co., Ltd. was founded in 1986 and is based in Beijing, China. Green Development Electricity Group of Tianjin Co., Ltd. operates as a subsidiary of Luneng Group Co.,Ltd.
Tianjin Guangyu Development Co Ltd management
4- Ms. Lu YanfeiAssistant to General Manager & CFO · born 1990
- Mr. Chengru YiSecretary to the Board, General Counsel, Chief Compliance Officer · born 1989
- Ms. Zhinan KanAssistant to General Manager · born 1988
- Mr. Tong Bo QiangGM & Director · born 1971