China Three Gorges Renewables (Group) Co (SHSE:600905) EBIT: ¥7,575 Mil (TTM As of Mar. 2026)


SHSE:600905 China Three Gorges Renewables (Group) Co Ltd SHSE:600905
74 GF Score
Price ¥3.78
GF Value ¥4.42
Valuation Modestly Undervalued
! 9 Warning Signs
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What is China Three Gorges Renewables (Group) Co EBIT?

China Three Gorges Renewables (Group) Co SHSE:600905 +0.80% 74 EBIT is ¥7,575 Mil as of Mar. 2026. GuruFocus rates SHSE:600905 with a GF Score™ of 74/100 and a GF Value™ of ¥4.42 (Modestly Undervalued). The stock has 9 warning signs investors should review.

China Three Gorges Renewables (Group) Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ¥2,464 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ¥7,575 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Three Gorges Renewables (Group) Co's annualized ROC % for the quarter that ended in Mar. 2026 was 2.34%. China Three Gorges Renewables (Group) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.29%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Three Gorges Renewables (Group) Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2.29%.

China Three Gorges Renewables (Group) Co  (SHSE:600905) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

China Three Gorges Renewables (Group) Co's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=9533.676 * ( 1 - 11.91% )/( (360888.167 + 357977.88)/ 2 )
=8398.2151884/359433.0235
=2.34 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=387155.53 - 33255.468 - ( 3775.93 - max(0, 63883.257 - 56895.152+3775.93))
=360888.167

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=393054.809 - 33689.641 - ( 4443.425 - max(0, 58670.106 - 60057.394+4443.425))
=357977.88

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

China Three Gorges Renewables (Group) Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=9857.308/( ( (279971.152 + max(17958.999, 0)) + (282179.157 + max(20016.951, 0)) )/ 2 )
=9857.308/( ( 297930.151 + 302196.108 )/ 2 )
=9857.308/300063.1295
=3.29 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(48253.225 + 466.991 + 3134.561) - (33255.468 + 0 + 640.31)
=17958.999

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(50698.729 + 468.857 + 3206.714) - (33689.641 + 0 + 667.708)
=20016.951

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

China Three Gorges Renewables (Group) Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=7575.446/330984.555
=2.29 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

China Three Gorges Renewables (Group) Co EBIT Related Terms

China Three Gorges Renewables (Group) Co EBIT Historical Data

* Premium members only.

The historical data trend for China Three Gorges Renewables (Group) Co's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

China Three Gorges Renewables (Group) Co EBIT Chart

China Three Gorges Renewables (Group) Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10,343.40 13,076.62 13,035.44 12,853.40 9,200.76

China Three Gorges Renewables (Group) Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4,089.64 2,754.68 1,819.31 537.13 2,464.33

China Three Gorges Renewables (Group) Co EBIT Competitor Comparison

For the Utilities - Renewable subindustry, China Three Gorges Renewables (Group) Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

China Three Gorges Renewables (Group) Co EV-to-EBIT vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Three Gorges Renewables (Group) Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Three Gorges Renewables (Group) Co's EV-to-EBIT falls into.


SHSE:600905
74GF Score
China Three Gorges Renewables (Group) Co Ltd SHSE:600905
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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China Three Gorges Renewables (Group) Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥7,575 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ¥7,575 Mil mean?
China Three Gorges Renewables (Group) Co (SHSE:600905) has a EBIT of ¥7,575 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on China Three Gorges Renewables (Group) Co.
Is China Three Gorges Renewables (Group) Co's EBIT too high?
China Three Gorges Renewables (Group) Co's current EBIT is ¥7,575 Mil. Overall, China Three Gorges Renewables (Group) Co has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Three Gorges Renewables (Group) Co's EBIT compare to competitors?
China Three Gorges Renewables (Group) Co's EBIT of ¥7,575 Mil can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for an Utilities - Independent Power Producers company?
A good EBIT depends on the Utilities - Independent Power Producers industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on China Three Gorges Renewables (Group) Co. China Three Gorges Renewables (Group) Co's current EBIT is ¥7,575 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Three Gorges Renewables (Group) Co stock overvalued right now?
Based on GuruFocus' analysis, China Three Gorges Renewables (Group) Co (SHSE:600905) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥4.42, compared to a current price of ¥3.78 — trading 14.5% below its estimated fair value. The current EBIT is ¥7,575 Mil. China Three Gorges Renewables (Group) Co's overall GF Score™ is 74/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For China Three Gorges Renewables (Group) Co (SHSE:600905), the current EBIT is ¥7,575 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is China Three Gorges Renewables (Group) Co (SHSE:600905) Overvalued in 2026?

Based on GuruFocus' analysis, China Three Gorges Renewables (Group) Co stock appears to be undervalued. The current stock price of ¥3.78 is trading 14.5% below its estimated GF Value™ of ¥4.42. GuruFocus considers China Three Gorges Renewables (Group) Co to be Modestly Undervalued.

Key valuation signals for SHSE:600905:

  • EBIT: ¥7,575 Mil
  • GF Value™: ¥4.42 vs. price of ¥3.78 (14.5% below fair value)
  • GF Score™: 74/100 with 9 warning signs

No single metric tells the full story. See the SHSE:600905 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

China Three Gorges Renewables (Group) Co Business Description

Address No. 2, Liangshi Street, Building 5, Chengda Center, Tongzhou District, Beijing, CHN, 101199
China Three Gorges Renewables is one of China's largest renewable energy producers. The firm operates wind farms, photovoltaic power plants, hydroelectric power plants, and energy storage projects. CTGR has a total generation capacity of about 52.4 gigawatts as of the end of 2025. The firm is also one of the largest offshore wind farm operators in China, with 7.5 GW of installed capacity at the end of 2025. Parent company China Three Gorges, a state-owned enterprise, owns approximately 52.3% of CTGR's issued shares as of the end of 2025.
74GF Score

Get the complete analysis for SHSE:600905

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥3.78
Price
¥4.42
GF Value