Chongqing Fuling Electric Power Industrial Co Ltd

Chongqing Fuling Electric Power Industrial Co Ltd maintains a conservative capital structure characterized by minimal leverage. The company reports a debt-to-equity ratio of 0.0, indicating negligible long-term debt relative to its equity base of 5,614,549,190 CNY. Liquidity is robust, with a current ratio of 4.92, suggesting strong short-term solvency. However, the risk assessment flags medium liquidity risk and notes that net cash is negative after subtracting total debt, despite holding 5,927,220 CNY in cash and equivalents against 20,863,530 CNY in long-term debt. The company generated 929,035,550 CNY in operating cash flow, which comfortably covers its 587,660,130 CNY capital expenditure, resulting in a positive free cash flow of 358,236,050 CNY.

Profitability metrics indicate moderate returns on capital. The return on equity stands at 8.85%, while the return on assets is 7.77%. These figures reflect the capital-intensive nature of the utility sector, where asset bases are large relative to net income. The company achieved a net income of 393,273,710 CNY on revenues of 2,996,224,540 CNY, yielding a net margin of approximately 13.1%. Without specific cohort median data provided in the input, direct comparative analysis against industry peers is limited, but the positive free cash flow generation supports the sustainability of current profitability levels.

Revenue concentration and geographic exposure details are not explicitly segmented in the available data. The company operates primarily within the Chinese market, as indicated by its ticker listing on the Shanghai Stock Exchange (600452.SS) and financial reporting in CNY. The absence of detailed segment or geographic breakdowns prevents a granular analysis of revenue diversification, implying that the business may be concentrated in its core utility operations within its home region.

Growth trajectory analysis is constrained by the absence of historical period data in the input. The latest reported revenue of 2,996,224,540 CNY serves as the baseline for current performance. Without multi-year annual or quarterly trends, it is not possible to assess the direction or velocity of revenue growth. The company’s market capitalization of 14,689,338,212.24 CNY reflects investor expectations for future performance, priced at a price-to-earnings ratio of 29.56 and an EV/EBITDA of 25.07.

Risk factors include medium liquidity risk and low dilution risk. The key flag regarding negative net cash after debt subtraction highlights a potential constraint on financial flexibility, despite the low absolute level of debt. The dilution risk is assessed as low, with basic and diluted shares outstanding being identical at 1,536,541,654 shares, indicating no immediate options or convertible securities impacting share count. The company’s valuation multiples are elevated relative to typical utility sector averages, suggesting that the market prices in stable cash flows or specific growth prospects not fully detailed in the financial snapshot.

Recent events and observations are limited to analyst estimates. The last actual EPS is reported at 0.26 CNY, and the last actual revenue is confirmed at 2,996,225,000 CNY. No specific filing, news, or transcript observations are provided in the input data to detail recent corporate actions, regulatory changes, or management commentary. The competitor context lists Duke Energy, NextEra Energy, and Southern Company, but no comparative data is provided for these entities.

The company maintains a zero debt-to-equity ratio, far superior to the cohort median of 0.75, ensuring minimal financial leverage risk.

Cash conversion ratio of 1.87 exceeds the cohort median of 1.65, highlighting robust ability to convert earnings into cash.

Revenue declined 4.0% year-over-year to CNY 3.12 billion, signaling weakening top-line growth momentum in recent periods.

Four-year revenue CAGR is negative at -0.2%, indicating a long-term stagnation in sales growth for the business.

The company faces a medium level of liquidity risk, which could constrain operational flexibility during market downturns.

Revenue ¥3.00B, −3,9% YoY; Operating income −23,2% YoY.

• ▍Revenue ¥3.00B, −3,9% YoY
• ▍Operating income −23,2% YoY
• ▍Net income −23,6% YoY
• ▍Free cash flow +71,5% YoY
• ▍Net margin 13.1%

Revenue ¥3.44B, −3,4% YoY; Operating income −8,3% YoY.

• ▍Revenue ¥3.44B, −3,4% YoY
• ▍Operating income −8,3% YoY
• ▍Net income −14,3% YoY
• ▍Free cash flow −28,6% YoY
• ▍Net margin 15.3%

Revenue ¥3.56B, +13,2% YoY; Operating income +25,2% YoY.

• ▍Revenue ¥3.56B, +13,2% YoY
• ▍Operating income +25,2% YoY
• ▍Net income +21,2% YoY
• ▍Free cash flow +394,1% YoY
• ▍Net margin 17.2%

Revenue ¥3.14B; Operating income ¥538.0M.

• ▍Revenue ¥3.14B
• ▍Operating income ¥538.0M
• ▍Net margin 16.1%