Companies ›Utilities ›600021.SS

600021.SS — Shanghai Stock Exchange Electric Utilities

600021.Ss

¥20,39

Open in Charts → Attach watcher ⌖

— —

CNY

Set alert

Last 30 days

1D5D1M3M6MYTD1Y5YMax

Live price chart loads from the market-data widget.

Mcap

57,5B CNY

P/E

—

EV / Rev

—

Div yield

1,65 %

Op margin

15,4 %

ROE

8,1 %

Net margin

6,6 %

Debt / equity

3,74

Beta

—

52w range

—

Volume

—

Day range

—

Prev close

—

Open

—

Next earnings

—

Ex-dividend

—

TR 1Y

—

About

The company operates in the electric utilities sector, generating revenue primarily through the production and distribution of electricity.

Business. The company operates in the electric utilities sector, generating revenue primarily through the production and distribution of electricity.

Classification92 %

SectorUtilities

IndustryElectric Utilities

ActivityUtilities

Generated · model-assisted

Sell-side consensus

BUY1 analysts

1 buy0 hold0 sell

Avg 12m price target—

Analyst recommendations

1 analysts · consensus Buy

Buy1

Hold0

Sell0

12-month price target

—

Consensus of sell-side coverage.

Upcoming events

— missing data

See all catalysts →

At a glance

Score

—

not yet scored

Valuation

—

valuation pending

Analysts→

Buy

1 analysts · indicative

Ownership

—

not yet wired

Profitability→

8,1 %

return on equity

Quality

—

not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

No recent newsroom coverage mentioning 600021.

Sector rotation

Sector1D1Mvs mkt

Materials+2,3 %+6,6 %+1,7 %

Communication Services+2,2 %−5,5 %+1,6 %

Energy+0,6 %+3,3 %+0,0 %

Health Care+0,6 %−0,8 %+0,0 %

Information Technology+0,6 %+6,7 %+0,0 %

Consumer Discretionary+0,4 %+7,6 %−0,2 %

Financials−0,3 %−2,8 %−0,9 %

Consumer Staples−0,4 %+2,5 %−1,0 %

Real Estate−0,7 %+10,9 %−1,3 %

Industrials−1,9 %−3,1 %−2,5 %

Utilities · THIS SECTOR−1,9 %+28,2 %−2,5 %

Developing storylines

No tracked sagas currently linked to 600021.SS. Browse all sagas →

Analysis

AI analysis

Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

Opportunity

— missing data

Upcoming catalysts

Scheduled public events. Informational only — not investment advice.

Peers
EarningsQ3 2026 earnings (expected)2026-10-28 · estimated · Duke Energy (DUK)
EarningsQ3 2026 earnings (expected)2026-10-28 · estimated · NextEra Energy (NEE)
EarningsQ3 2026 earnings (expected)2026-10-28 · estimated · Southern Company (SO)
Macro
Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
Macro & political
ElectionSE Swedish Election2026-09-14 · SE
ElectionUS U.S. Midterms2026-11-03 · US
ElectionFR French Legislative2027-06-01 · FR

Pre-earnings brief

— missing data

Signals & dispatch

peak dispatch · —

Composite-score breakdown

Synthesis

Business

The company operates in the electric utilities sector, generating revenue primarily through the production and distribution of electricity.

Classification92 %

SectorUtilities

IndustryElectric Utilities

ActivityUtilities

AI synthesis

GENERATED

The company's capital structure is characterized by a high debt-to-equity ratio of 3.74, indicating a significant reliance on debt financing. The liquidity position is assessed as medium, with a current ratio of 0.73, suggesting limited short-term liquidity. The company has no cash and equivalents, and its free cash flow is negative at -9.12 billion CNY, indicating that capital expenditures are outpacing operating cash flow.

Profitability metrics show a return on equity (ROE) of 8.12%, which is relatively strong, but the return on assets (ROA) is low at 1.34%, indicating that the company is not efficiently utilizing its assets to generate profit. The price-to-earnings (P/E) ratio of 20.79 and the enterprise value-to-EBITDA (EV/EBITDA) ratio of 28.67 suggest that the company is valued at a premium relative to its earnings and cash flow.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification may expose the company to regional economic and regulatory risks. The company's revenue is derived from the production and distribution of electricity, with no significant diversification into other energy sources or services.

The company's growth trajectory is uncertain, with no specific revenue growth projections provided. The operating income of 6.45 billion CNY and net income of 2.77 billion CNY indicate a stable but not rapidly growing business. The capital expenditure of -17.8 billion CNY suggests a significant investment in infrastructure, which may support future growth but is currently reducing free cash flow.

The company faces medium liquidity risk due to its low current ratio and negative free cash flow. The dilution risk is assessed as low, with no significant dilution potential identified. The company's risk assessment highlights the need for careful monitoring of its debt levels and liquidity position to ensure financial stability.

Recent events and filings do not provide specific details on the company's strategic initiatives or financial performance. The company's financial snapshot indicates a stable but not rapidly growing business, with a focus on maintaining its core operations in the electric utilities sector.

Key takeaways

The company has a high debt-to-equity ratio, indicating a significant reliance on debt financing.
The company's liquidity position is medium, with a current ratio of 0.73 and no cash and equivalents.
The company's profitability is moderate, with a return on equity of 8.12% but a low return on assets of 1.34%.
The company's growth trajectory is uncertain, with no specific revenue growth projections provided.

Bull / Bear case

analysis pipeline

— missing data

In focus — financials by report

Valuation

Market price

¥20,39

Market cap

¥57.52B

Enterprise valueⓘ

¥184.88B

P/Eⓘ

—

Non-GAAP P/Eⓘ

—

EV / Revenueⓘ

—

EV / Op incomeⓘ

—

EV / OCFⓘ

14.1x

P / Bⓘ

1.7x

P / Tangible bookⓘ

1.7x

Tangible book

¥34.07B

Net cashⓘ

-¥127.35B

Current ratioⓘ

0.7

Debt / equityⓘ

3.7

ROAⓘ

1.3%

ROEⓘ

8.1%

Cash conversionⓘ

473.0%

CapEx / revenueⓘ

-42.5%

SBC / revenueⓘ

—

Dilution ratioⓘ

0.0%

Revenue by segment

Business relationships

— missing data

Supply chain

— missing data

Peer comparison

— missing data

Market position

Stress test

— missing data

Predictor forecast

Next quarternear-term

Earnings · next quarterconf 45 %

EPS

Consensus EPS

1,22

Predicted surprise

+0,00

Beat probability

45 %

Analysts

Other metrics

Revenue

—

no estimate

Segment revenue

—

no estimate

Margin

—

no estimate

Segment margin

—

no estimate

as of 2026-05-06 · Earnings Surprise V1

Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.

Full fiscal year~1 year ahead

Full fiscal year · our forecast vs guidance vs consensus

Metric	Our forecast	Guidance	Consensus
EPS	—no estimate	—no estimate	1,22
Revenue	—no estimate	—no estimate	51,7B UNKNOWN ERROR IN UNIVERSE PROCESSING
Operating income	—no estimate	—no estimate	—no estimate

Full-year consensus mean (period as reported by source) · consensus in UNKNOWN ERROR IN UNIVERSE PROCESSING. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.

Probabilistic model output — not investment advice. · generated 2026-08-04

Options

— missing data

Short squeeze

— missing data

Earnings-call key lines

— missing data

Consensus distribution

sell-side coverage

Recommendation distribution1 analysts

Strong buy0

Buy1

Hold0

Sell0

Strong sell0

EPS surprise

−28,5 %

reported vs consensus · miss

Revenue surprise

−19,0 %

reported vs consensus · miss

Estimate revisions

consensus EPS · 26-week trend

— missing data

Sell-side observations

— missing data

Themes

— missing data

ESG

— missing data

Risk factors

Dilution riskLow

Liquidity riskMedium

Filing-based flags

Net cash is negative after subtracting total debt.

Benchmarks vs cohort

Op Margin15,4 %Above median

Net Margin6,6 %Below median

ROE8,1 %Above median

Capex / Rev-42,5 %Bottom quartile

D/E3,74Bottom quartile

Cash Conv4,73Best in class

Corporate actions / M&A

— missing data

FX exposure

— missing data

Comparable transactions

— missing data

Derivatives & instruments

— missing data

Actions

Set alert Open in charts

Ask Handelsavisen

— missing data

Data sources

Market data
Market data cache
Issuer disclosures
Public news
Earnings transcripts
Consensus estimates
ESG data

How metrics are computed

Ev To Operating Cash Flow
enterprise_value / operating_cash_flow
Return On Equity
net_income / total_equity
Price To Earnings
market_price / (net_income / shares_outstanding_diluted)
Price To Book
market_price / (adjusted_book_value / shares_outstanding_diluted)
Dilution Ratio
(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
Market Price
input from market-data provider (delayed close or quote-shim mid)

Source documents

600021.SS Market data — financials · 2026-05-26
Shanghai Electric Power Co Ltd Market data — analyst estimates · 2026-05-26

Ownership & reference

Leadership

Chen HuangExecutive Chairman of the Board

Insider activity

— missing data

Short positioning

— missing data

Geographic breakdown

— missing data

Listings · one canonical issuer all listings resolve to the canonical

600021.SSCanonical

Shanghai Stock Exchange · CNY

Intel & risk

PredictorBeat prob45 %Surprise+0,00Full forecast →

peak dispatch · —

OSINT findings

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Relationship graph

This companyPeerSector

Evidence & claims

From filings & derived data

— missing data

The Thread

Everything we know, in order

2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)

2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated

The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.

Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage

Analyst recommendations

At a glance

What drives this business

News & coverage

Sector rotation

Developing storylines

Analysis

Opportunity

Upcoming catalysts

Pre-earnings brief

Signals & dispatch

Composite-score breakdown

Synthesis

Bull / Bear case

In focus — financials by report

Valuation

Revenue by segment

Market share

Business relationships

Supply chain

Peer comparison

Market position

Stress test

Predictor forecast

Options

Short squeeze

Earnings-call key lines

Consensus distribution

Estimate revisions

Sell-side observations

Themes

ESG

Risk factors

Benchmarks vs cohort

Corporate actions / M&A

FX exposure

Comparable transactions

Derivatives & instruments

Actions

Ask Handelsavisen

Ownership & reference

Leadership

Insider activity

Short positioning

Geographic breakdown

Intel & risk

Evidence & claims

The Thread