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STOCK COMPARISON

China Renewable Energy Investment vs China Yangtze Power Co: Fair Value & Quality

Both stocks run through our valuation models. Here is how China Renewable Energy Investment (0987) and China Yangtze Power Co (600900) compare, as of Aug 16, 2026.

As of Aug 16, 2026, Fair Value Calculator sees China Yangtze Power Co as the less overvalued of the two: China Renewable Energy Investment trades at HK$0.20 versus a fair value of HK$0.14 (-30%), while China Yangtze Power Co trades at ¥28.10 versus ¥25.13 (-11%).
China Renewable Energy Investment
0987.HK · HKD · Utilities
-30%
upside to fair value
overvalued
PriceHK$0.20
Fair ValueHK$0.14
Quality66/100
China Yangtze Power Co
600900.SHG · CNY · Utilities
-11%
upside to fair value
overvalued
Price¥28.10
Fair Value¥25.13
Quality57/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

China Renewable Energy InvestmentChina Yangtze Power Co
Valuation
19.9×P/E (TTM)19.4×
2.88×P/S (TTM)7.84×
0.26×P/B2.94×
2.2×EV/EBITDA13.1×
2.7%Dividend yield3.6%
HK$0.01Dividend per share¥1.00
Profitability
11%Net margin41%
-13%Operating margin49%
1%Return on equity16%
0%Return on assets5%
Growth
-12%Revenue growth (YoY)6%
-4.4%Avg. growth/yr (3Y)8.4%
-3.5%Avg. growth/yr (5Y)8.7%
Balance & size
0.09×Debt / equity0.87×
$63MMarket cap$102B
weakGrowth qualityexpensive

China Yangtze Power Co leads: 4 to 9 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

China Renewable Energy Investmentof which business quality 67 · market factors 70 China Yangtze Power Coof which business quality 54 · market factors 67
ProfitabilityMargins and returns on capital today
20
44
Quality GrowthAre margins and returns improving?
50
28
CashflowEarnings quality: real cash, not paper profit
100
86
Fin. StrengthBalance sheet, leverage, solvency risk
64
36
InvestmentDisciplined investing over empire-building
99
65
Low VolatilityCalm price path (market factor)
60
100
MomentumPrice trend over the last 3–12 months (market factor)
74
48
52W MomentumDistance to the 52-week high (market factor)
74
60
Net IssuanceBuybacks instead of dilution
82
69

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

China Renewable Energy Investment

DCF ModelsHK$0.74
Earnings-BasedHK$0.09
MultiplesHK$0.15
Asset-BasedHK$0.51
Growth DCFHK$1.16
Economic ProfitHK$0.28
Growth EarningsHK$0.13

11 of 23 models see the stock below the current price.

China Yangtze Power Co

DCF Models¥26.40
Earnings-Based¥17.18
Dividend Discount¥26.19
Multiples¥17.26
Asset-Based¥6.38
Growth DCF¥22.39
Economic Profit¥10.45
Growth Earnings¥24.89

21 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

China Renewable Energy Investment
Bear HK$0.10Fair Value HK$0.14Bull HK$0.17
HK$0.20 = current price (white tick)
China Yangtze Power Co
Bear ¥16.47Fair Value ¥25.13Bull ¥31.42
¥28.10 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

China Renewable Energy Investment · Utilities

Quality score66 · Top 25%
Fair value upside-30% · below median

China Yangtze Power Co · Utilities

Quality score57 · Top 25%
Fair value upside-11% · above median

Bottom line

As of Aug 16, 2026, Fair Value Calculator sees China Yangtze Power Co as the less overvalued of the two: China Renewable Energy Investment trades at HK$0.20 versus a fair value of HK$0.14 (-30%), while China Yangtze Power Co trades at ¥28.10 versus ¥25.13 (-11%).

China Renewable Energy Investment has the higher quality score (66/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.