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STOCK COMPARISON

China Yangtze Power Co vs Hangzhou Cogeneration Group Co: Fair Value & Quality

Both stocks run through our valuation models. Here is how China Yangtze Power Co (600900) and Hangzhou Cogeneration Group Co (605011) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees China Yangtze Power Co as the more attractively valued of the two: China Yangtze Power Co trades at ¥28.08 versus a fair value of ¥30.82 (+10%), while Hangzhou Cogeneration Group Co trades at ¥17.58 versus ¥11.74 (-33%).
China Yangtze Power Co
600900.SHG · CNY · Utilities
+10%
upside to fair value
fairly valued
Price¥28.08
Fair Value¥30.82
Quality57/100
Hangzhou Cogeneration Group Co
605011.SHG · CNY · Utilities
-33%
upside to fair value
overvalued
Price¥17.58
Fair Value¥11.74
Quality55/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

China Yangtze Power CoHangzhou Cogeneration Group Co
Valuation
19.1×P/E (TTM)38.2×
7.85×P/S (TTM)2.19×
2.94×P/B3.02×
13.1×EV/EBITDA20.5×
+9.8%Fair value upside−33.2%
3.6%Dividend yield0.9%
¥1.00Dividend per share¥0.16
Profitability
49%Operating margin6%
0.82×EBIT margin trend (5Y)0.37×
16%Return on equity8%
5%Return on assets3%
Growth
6%Revenue growth (YoY)27%
8.4%Avg. growth/yr (3Y)-4.4%
8.7%Avg. growth/yr (5Y)8.7%
+7.5%Value creation/yr−4.3%
Balance & size
4.4×Interest coverage (EBIT/interest)12.2×
0.87×Debt / equity0.13×
$102BMarket cap$1B
expensiveGrowth qualityweak

China Yangtze Power Co leads: 11 to 3 metric wins.

n/a = 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 Yangtze Power Coof which business quality 54 · market factors 67 Hangzhou Cogeneration Group Coof which business quality 55 · market factors 41
ProfitabilityMargins and returns on capital today
44
35
Quality GrowthAre margins and returns improving?
28
31
CashflowEarnings quality: real cash, not paper profit
86
37
Fin. StrengthBalance sheet, leverage, solvency risk
36
82
InvestmentDisciplined investing over empire-building
65
71
Low VolatilityCalm price path (market factor)
100
74
MomentumPrice trend over the last 3–12 months (market factor)
48
30
52W MomentumDistance to the 52-week high (market factor)
61
21
Net IssuanceShare count: buybacks or dilution?
69
82

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyChina Yangtze Power CoPrice ¥28.08Hangzhou Cogeneration Group CoPrice ¥17.58
DCF Models+2%close to the price¥28.66-63%below the price¥6.53
Earnings-Based-39%below the price¥17.18-77%below the price¥4.10
Dividend Discount-7%close to the price¥26.19-76%below the price¥4.14
Multiples-39%below the price¥17.26-54%below the price¥8.16
Asset-Based-77%below the price¥6.38-77%below the price¥4.07
Growth DCF-4%close to the price¥27.05-84%below the price¥2.80
Economic Profit-63%below the price¥10.45-70%below the price¥5.24
Growth Earnings-11%close to the price¥24.89-57%below the price¥7.53
Minimum-77%below the price¥6.38-84%below the price¥2.80
Maximum+2%close to the price¥28.66-54%below the price¥8.16
Median-25%below the price¥21.08-73%below the price¥4.69
Geometric mean-37%below the price¥17.78-71%below the price¥5.02

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

China Yangtze Power Co: 19 of 26 models see the stock below the current price.

Hangzhou Cogeneration Group Co: 25 of 25 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

China Yangtze Power Co
Price ¥28.08
Fair Value ¥30.82
Bear ¥21.38Bull ¥39.69
Hangzhou Cogeneration Group Co
Price ¥17.58
Fair Value ¥11.74
Bear ¥7.46Bull ¥17.06

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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 Yangtze Power Co · Utilities

Quality score57 · Top 25%
Fair value upside+10% · above median

Hangzhou Cogeneration Group Co · Utilities

Quality score55 · Top 25%
Fair value upside-33% · below median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees China Yangtze Power Co as the more attractively valued of the two: China Yangtze Power Co trades at ¥28.08 versus a fair value of ¥30.82 (+10%), while Hangzhou Cogeneration Group Co trades at ¥17.58 versus ¥11.74 (-33%).

China Yangtze Power Co has the higher quality score (57/100).

Open China Yangtze Power Co live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.