000591.SHE CECEP Solar Energy Co Ltd
- Market cap
- CNY 15.8B
- P/E
- 31.2x
- P/B
- 0.64x
- ROE
- 4.8%
- Dividend yield
- 6.14%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 000591.SHE undervalued?
Graham number000591.SHE trades 5.7% below 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?
CECEP Solar Energy Co Ltd fundamental analysis
No fundamental analysis for CECEP Solar Energy Co Ltd yet.
CECEP Solar Energy Co Ltd stock price
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About CECEP Solar Energy Co Ltd
CECEP Solar Energy Co.,Ltd. provides solar power generation and power storage solutions in China, Europe, the Asia-Pacific, and internationally. It operates in three segments: Solar Power Generation, Solar Energy Products, and Others. The company invests, constructs, and operates photovoltaic power stations. It is also involved in the research, development, production, and sale of photovoltaic cells and modules. CECEP Solar Energy Co.,Ltd. was founded in 1993 and is based in…
Full company profileCECEP Solar Energy 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.
CECEP Solar Energy 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 | 4.33B | 5.20B | 5.04B | 5.01B | 5.31B | 7.03B | 9.24B | 9.54B | 6.04B | 4.96B | 5.05B |
| Gross Profit | 1.42B | 1.79B | 1.96B | 2.40B | 2.56B | 2.92B | 3.02B | 3.21B | 2.76B | 2.31B | 2.38B |
| Operating Income | 679M | 837M | 899M | 1.05B | 1.15B | 1.25B | 1.66B | 1.89B | 1.53B | 1.87B | 2.00B |
| EBITDA | 1.83B | 2.40B | 2.63B | 3.17B | 3.47B | 3.69B | 3.86B | 3.87B | 3.58B | 3.42B | 2.17B |
| Net Income | 653M | 805M | 862M | 911M | 1.03B | 1.19B | 1.39B | 1.58B | 1.23B | 823M | 1.17B |
| EPS | 0.24 | 0.27 | 0.29 | 0.30 | 0.34 | 0.40 | 0.41 | 0.40 | 0.31 | 0.21 | 0.30 |
| Balance Sheet | |||||||||||
| Total Assets | 29.8B | 31.5B | 34.2B | 37.4B | 39.9B | 39.8B | 46.5B | 47.2B | 49.0B | 51.8B | 54.9B |
| Total Liabilities | 18.2B | 19.3B | 21.3B | 24.0B | 25.7B | 24.9B | 24.7B | 24.2B | 25.5B | 27.9B | 30.2B |
| Shareholders' Equity | 11.3B | 12.1B | 12.7B | 13.3B | 14.0B | 14.9B | 21.8B | 23.0B | 23.5B | 23.8B | 24.6B |
| Cash & Short-term Investments | 3.56B | 1.81B | 1.62B | 1.13B | 1.50B | 1.36B | 7.27B | 3.99B | 1.92B | 2.18B | 3.33B |
| Total Debt | 11.2B | 13.1B | 14.5B | 17.9B | 20.6B | 18.3B | 16.5B | 16.0B | 19.2B | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 1.36B | 1.67B | 1.83B | 1.82B | 2.12B | 2.05B | 5.10B | 2.38B | 1.89B | 4.13B | - |
| Capital Expenditure | 4.06B | 2.75B | 1.43B | 2.42B | 1.49B | 775M | 2.17B | 3.20B | 3.63B | 3.86B | 2.10B |
| Free Cash Flow | -2.70B | -1.08B | 394M | -598M | 629M | 1.27B | 2.93B | -820M | -1.74B | 276M | 2.10B |
| Ratios | |||||||||||
| ROE | 5.8% | 6.7% | 6.8% | 6.8% | 7.3% | 8.0% | 6.4% | 6.9% | 5.2% | 3.5% | 4.8% |
| ROA | 2.2% | 2.6% | 2.5% | 2.4% | 2.6% | 3.0% | 3.0% | 3.3% | 2.5% | 1.6% | 2.1% |
| Net Profit Margin | 15.1% | 15.5% | 17.1% | 18.2% | 19.4% | 16.9% | 15.0% | 16.5% | 20.3% | 16.6% | 23.3% |
| Debt to Equity | 0.99x | 1.08x | 1.14x | 1.34x | 1.47x | 1.23x | 0.76x | 0.70x | 0.82x | - | - |
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.
CECEP Solar Energy Co Ltd dividends
- Dividend yield
- 6.14%
- Forward dividend
- 0.08 CNY
- Payout ratio
- 118.1%
- Ex-dividend date
- Jul 8, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 972M | 0.25 | 118.1% |
| 2024 | CNY 1.17B | 0.30 | 95.2% |
| 2023 | CNY 1.10B | 0.28 | 69.5% |
| 2022 | CNY 426M | 0.13 | 30.7% |
| 2021 | CNY 373M | 0.12 | 31.4% |
| 2020 | CNY 331M | 0.11 | 32.2% |
| 2019 | CNY 313M | 0.10 | 34.3% |
| 2018 | CNY 942M | 0.31 | 109.3% |
| 2017 | CNY 744M | 0.25 | 92.5% |
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: 22:10 on Jun 5, 2017.
Who owns CECEP Solar Energy Co Ltd
- Insiders 36.41%
- Institutions 4.19%
- Public & others 59.41%
- Shares outstanding 3.90B
- Free float 2.62B
CECEP Solar Energy Co Ltd company profile
- Company name
- CECEP Solar Energy Co Ltd
- Ticker
- 000591.SHE
- ISIN
- CNE0000000K1
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Dec 27, 1995
- Sector
- Utilities
- Industry
- Semiconductors & Semiconductor Equipment
- Employees
- 1,687
- Fiscal year end
- December
- Address
- Energy Saving Building, Block A, Beijing, China, 100082
- Phone
- 86 10 8305 2461
- Website
- cecsec.cn
About CECEP Solar Energy Co Ltd
CECEP Solar Energy Co.,Ltd. provides solar power generation and power storage solutions in China, Europe, the Asia-Pacific, and internationally. It operates in three segments: Solar Power Generation, Solar Energy Products, and Others. The company invests, constructs, and operates photovoltaic power stations. It is also involved in the research, development, production, and sale of photovoltaic cells and modules. CECEP Solar Energy Co.,Ltd. was founded in 1993 and is based in Beijing, China.
CECEP Solar Energy Co Ltd management
5- Ms. Xin ChengChief Accountant · born 1977
- Mr. Yi GuoDeputy GM, Secretary of the Board of Directors & General Legal Counsel · born 1974
- Mr. Hu DuAssistant General Manager · born 1978
- Ms. Jingnan LiAssistant General Manager · born 1975
- Mr. Zhong Xu YangGeneral Manager · born 1973