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Jiaze Renewables Corporation (601619) Fair Value & Analysis

Utilities · CN · Market cap 13.6B CNY

JR Jiaze Renewables Corporation 601619 · SHG
Price¥4.67
Fair Value¥3.75
Upside-19.7%
Quality40/100
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Expensive Growth
Highly profitable · 24.9% net margin
Low debt · generates free cash flow
1.72% dividend yield
Mixed vs. peers (7/14)
Wide moat 67/100
Evidence: High Range ¥2.81 – ¥4.69 Share as image

Fair value as of: Aug 10, 2026

From 25 valuation models · updated today

Share price +13.6% over the past month.

Below-average quality, and screening another 20% overvalued on our models.

What matters now

  • Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • Our model range runs from ¥2.81 (bear) to ¥4.69 (bull), base ¥3.75. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 40/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

¥7.04 ¥2.69 Fair Value ¥3.75 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 10, 2026.

How to read this chart

60‑month range ¥2.69 – ¥7.04 · fair‑value band ¥2.81 – ¥4.69 · the ¥4.67 price screens above the ¥3.75 fair value. Dashed = 300-day average. As of Aug 10, 2026.

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Analysis

Jiaze Renewables Corporation (601619) currently trades at ¥4.67, while our model-based Fair Value estimate is ¥3.75, implying the stock looks roughly 19.7% overvalued today. The Quality Score stands at 40/100 (below-average quality), in the Utilities sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Jiaze Renewables Corporation generated revenue of 2.4B CNY at a net margin of 24.9%. Revenue declined 10.1% year over year. It earns a return on equity of 8.1%. Net debt stands at 1.9B CNY. Fundamentals as of Aug 10, 2026

Our scenario range runs from ¥2.81 (bear case) to ¥4.69 (bull case); at ¥4.67, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 35% below its 52-week high and 37% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -30% fair-value upside, at -20%, 601619 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ¥5.10 ¥10.72 ¥21.33 80
Residual Income ¥2.35 ¥2.57 ¥3.27 76
Rev-Margin DCF ¥2.19 ¥4.18 ¥7.11 74
All 25 models by family
DCF Models
FCF DCF ¥5.37 ¥9.57 ¥21.43 38
5Y Revenue Exit ¥2.19 ¥3.91 ¥7.04 39
5Y EBITDA Exit ¥4.99 ¥10.01 ¥18.88 41
5Y P/E Exit ¥3.38 ¥7.03 ¥11.61 38
10Y Revenue Exit ¥3.06 ¥5.57 ¥8.32 36
10Y EBITDA Exit ¥5.09 ¥10.81 ¥21.08 37
10Y P/E Exit ¥3.96 ¥7.80 ¥14.12 35
Earnings-Based
Graham-Dodd ¥1.67 ¥11.49 ¥16.11 54
Lynch FV ¥3.38 ¥4.83 ¥6.28 50
PEG = 1.0 ¥3.38 ¥4.83 ¥6.28 46
EPV ¥3.14 ¥3.77 ¥4.32 59
Dividend Discount
Gordon GGM ¥1.78 ¥3.71 ¥5.89 70
DDM Multi-Stage ¥1.78 ¥3.13 ¥3.89 61
Multiples
P/E Multiple ¥3.31 ¥4.41 ¥5.52 63
P/S Multiple ¥1.61 ¥2.15 ¥2.68 58
P/B Multiple ¥3.13 ¥4.17 ¥5.21 55
EV/EBIT ¥4.34 ¥6.00 ¥7.66 53
EV/EBITDA ¥4.96 ¥6.83 ¥8.70 54
EV/Revenue ¥0.8600 ¥1.51 ¥2.15 43
Asset-Based
NCAV (Graham) ¥1.36 ¥1.82 ¥2.72 50
Growth DCF
Growth DCF ¥5.10 ¥10.72 ¥21.33 80
Rev-Margin DCF ¥2.19 ¥4.18 ¥7.11 74
Economic Profit
Residual Income ¥2.35 ¥2.57 ¥3.27 76
ROIC Compounder ¥3.50 ¥5.31 ¥6.87 72
Growth Earnings
Growth-Adj P/E ¥4.36 ¥6.23 ¥8.10 68

Widest divergence: DCF Models (¥7.80) versus Asset-Based (¥1.82). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.4B CNY
Revenue growth (YoY) -10.1%
Net margin 24.9%
Return on equity 8.1%
Free cash flow 1.1B CNY FY2025
P/E ratio 22.7
More key figures
Operating margin 47.8%
EPS (TTM) ¥0.2100
Dividend yield 1.7%
EPS growth (YoY) -60.0%
Net debt 1.9B CNY FY2025

Figures from reported company fundamentals · as of Aug 10, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 40/100

Of which business quality 40 · Market factors (momentum, volatility) 36

Profitability 37
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 77
Earnings quality: real cash, not paper profit
Fin. Strength 32
Balance sheet, leverage, solvency risk
Investment 38
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 43
Distance to the 52-week high (market factor)
Net Issuance 6
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Jiaze Renewables Corporation Limited, together with its subsidiaries, engages in the development, construction, sale, operation, and maintenance of new energy power stations in China.

Full company description

Jiaze Renewables Corporation Limited, together with its subsidiaries, engages in the development, construction, sale, operation, and maintenance of new energy power stations in China. The company operates through five segments: New Energy Power Station Development-Construction-Operation-Sale; New Energy Power Plant Operation and Maintenance Management Services; Rooftop Distributed Photovoltaic; New Energy Industry Funds; and Construction of New Energy Equipment Manufacturing Industrial Parks. The company is involved in wind power, centralized photovoltaic power generation, source-grid-load-storage, smart microgrid zero-carbon park, energy storage power station, and pumped storage. It offers after-market services of new energy power stations, including production and maintenance of power stations, power trading, electricity sales, green electricity trading, carbon asset trading, integrated energy management, and other operation and maintenance management services. In addition, it engages in photovoltaic power generation projects built on the roofs of industrial and commercial buildings; new energy industry funds; industrial park and line leasing; and new energy equipment manufacturing business. The company was formerly known as Ningxia Jiaze Renewables Corporation Limited and changed its name to Jiaze Renewables Corporation Limited in September 2024. The company was founded in 2010 and is headquartered in Yinchuan, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jiaze Renewables Corporation reported revenue of ¥2.5B in FY2025 versus ¥1.4B in FY2021, a compound +14.6%/yr. Reported net income was ¥714M in FY2025, compounding −1.9%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
2.5B CNY
Latest YoY
+3.2%
Avg. growth/yr (3Y)
+10.7%
Avg. growth/yr (5Y)
+19.8%
Avg. growth/yr (13Y)
+28.6%
Revenue +14.6%/yr
FY21 ¥1.4B
FY22 ¥1.8B
FY23 ¥2.4B
FY24 ¥2.4B
FY25 ¥2.5B
Net income −1.9%/yr
FY21 ¥771M
FY22 ¥582M
FY23 ¥803M
FY24 ¥630M
FY25 ¥714M

601619 screens 20% overvalued. Compare with China Yangtze Power Co →

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Cite: Fair Value Calculator (2026). "Jiaze Renewables Corporation Fair Value". https://www.fairvalue-calculator.com/stock/601619

Peer Group

Utilities - Renewable · 220 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 40 · Below median
Fair Value upside −20% · Below median
Return on equity (TTM) 8% · Above median
Return on assets 3% · Above median
Net margin (TTM) 25% · Top 25%
Operating margin (TTM) 48% · Top 25%
Revenue growth -10% · Below median
Dividend yield (TTM) 1.7% · Below median
Debt / equity 0.38× · Lower than median

Valuation Multiples vs Utilities - Renewable median · lower = cheaper

P/E (TTM) 22.2× · Pricier than median
P/B 1.72× · Pricier than median
P/S (TTM) 5.59× · Pricier than 75% of peers
P/FCF 1.8× · Cheaper than median
EV/EBITDA 7.8× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 7 · sector 15
FUTURE 0 · sector 0
PAST 33 · sector 12
HEALTH 81 · sector 68
DIVIDEND 34 · sector 48

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Aug 10, 2026).

Stock Price Fair Value vs Fair Value
China Yangtze Power Co 600900 ¥27.99 ¥25.13 -10%
Ørsted A/S ORSTED kr 149.70 kr 31.40 -79%
Huaneng Lancang River Hydropower Inc 600025 ¥9.81 ¥5.57 -43%
Adani Green Energy Limited ADANIGREEN ₹1,537 ₹170.50 -89%
AXIA Energia SA AXIAP $10.74 $9.65 -10%
VERBUND AG OEWA €58.65 €66.19 +13%
BEP BEP $32.33 $73.35 +127%
BEPUN BEPUN C$44.56 C$10.15 -77%
Fortum Oyj FORTUM €19.89 €13.90 -30%
China Longyuan Power Group 001289 ¥16.21 ¥8.23 -49%

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Frequently asked questions

Is Jiaze Renewables Corporation (601619) overvalued or undervalued?
As of Aug 10, 2026, our model estimates a fair value of ¥3.75 versus a price of ¥4.67, about −20% (overvalued).
What is the fair value of 601619?
Our model-based fair value for Jiaze Renewables Corporation is ¥3.75 (as of Aug 10, 2026), built from audited fundamentals. The current price is ¥4.67.
What is the quality score of 601619?
Jiaze Renewables Corporation has a Quality Score of 40/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Jiaze Renewables Corporation (601619)?
Jiaze Renewables Corporation reported trailing-twelve-month revenue of about 2.4B CNY (latest available figure, as of Aug 10, 2026).
What is the net profit margin of 601619?
The net profit margin of Jiaze Renewables Corporation is about 24.9%, meaning it keeps roughly 24.9% of revenue as net income. Based on the latest reported figures.
Does Jiaze Renewables Corporation pay a dividend?
Jiaze Renewables Corporation currently shows a dividend yield of about 1.72% relative to its recent price (as of Aug 10, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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