CRPJF (China Resources Power Holdings Co) Piotroski F-Score: 5 (As of Jul. 16, 2026) — 17% Below Median

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CRPJF China Resources Power Holdings Co Ltd CRPJF
78 GF Score
Price $2.44
GF Value $2.35
Valuation Fairly Valued
! 5 Warning Signs
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What is China Resources Power Holdings Co Piotroski F-Score?

China Resources Power Holdings Co CRPJF 78 Piotroski F-Score is 5 as of Jul. 16, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates CRPJF with a GF Score™ of 78/100 and a GF Value™ of $2.35 (Fairly Valued). The stock has 5 warning signs investors should review. Among 417 Utilities - Independent Power Producers companies, China Resources Power Holdings Co ranks better than 61.39% on this metric.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

China Resources Power Holdings Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for China Resources Power Holdings Co's Piotroski F-Score or its related term are showing as below:

CRPJF' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of China Resources Power Holdings Co was 8. The lowest was 5. And the median was 6.

China Resources Power Holdings Co  (OTCPK:CRPJF) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


China Resources Power Holdings Co Piotroski F-Score Related Terms


China Resources Power Holdings Co Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for China Resources Power Holdings Co's Piotroski F-Score 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 Resources Power Holdings Co Piotroski F-Score Chart

China Resources Power Holdings Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 8.00 7.00 6.00 5.00

China Resources Power Holdings Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score 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 7.00 0.00 6.00 0.00 5.00

CRPJF vs CEG, VST, NRG: Piotroski F-Score Comparison

For the Utilities - Independent Power Producers subindustry, China Resources Power Holdings Co's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 Resources Power Holdings Co Piotroski F-Score vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Resources Power Holdings Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where China Resources Power Holdings Co's Piotroski F-Score falls into.


CRPJF
78GF Score
China Resources Power Holdings Co Ltd CRPJF
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* 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.

This Year (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was $1,900 Mil.
Cash Flow from Operations was $5,739 Mil.
Revenue was $13,110 Mil.
Gross Profit was $6,790 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (46628.809 + 52612.098) / 2 = $49620.4535 Mil.
Total Assets at the begining of this year (Dec24) was $46,629 Mil.
Long-Term Debt & Capital Lease Obligation was $19,649 Mil.
Total Current Assets was $7,747 Mil.
Total Current Liabilities was $15,020 Mil.
Net Income was $1,893 Mil.

Revenue was $13,544 Mil.
Gross Profit was $6,434 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (41280.953 + 46628.809) / 2 = $43954.881 Mil.
Total Assets at the begining of last year (Dec23) was $41,281 Mil.
Long-Term Debt & Capital Lease Obligation was $18,465 Mil.
Total Current Assets was $6,928 Mil.
Total Current Liabilities was $11,993 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

China Resources Power Holdings Co's current Net Income (TTM) was 1,900. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

China Resources Power Holdings Co's current Cash Flow from Operations (TTM) was 5,739. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Dec24)
=1900.475/46628.809
=0.04075753

ROA (Last Year)=Net Income/Total Assets (Dec23)
=1893.142/41280.953
=0.04585994

China Resources Power Holdings Co's return on assets of this year was 0.04075753. China Resources Power Holdings Co's return on assets of last year was 0.04585994. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

China Resources Power Holdings Co's current Net Income (TTM) was 1,900. China Resources Power Holdings Co's current Cash Flow from Operations (TTM) was 5,739. ==> 5,739 > 1,900 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=19649.127/49620.4535
=0.39598846

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=18465.115/43954.881
=0.42009248

China Resources Power Holdings Co's gearing of this year was 0.39598846. China Resources Power Holdings Co's gearing of last year was 0.42009248. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Dec25)=Total Current Assets/Total Current Liabilities
=7747.323/15020.4
=0.51578673

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=6928.428/11992.969
=0.57770749

China Resources Power Holdings Co's current ratio of this year was 0.51578673. China Resources Power Holdings Co's current ratio of last year was 0.57770749. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

China Resources Power Holdings Co's number of shares in issue this year was 5177.058. China Resources Power Holdings Co's number of shares in issue last year was 4851.07. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=6790.217/13110.461
=0.51792359

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=6433.825/13544.174
=0.47502528

China Resources Power Holdings Co's gross margin of this year was 0.51792359. China Resources Power Holdings Co's gross margin of last year was 0.47502528. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=13110.461/46628.809
=0.28116654

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=13544.174/41280.953
=0.32809742

China Resources Power Holdings Co's asset turnover of this year was 0.28116654. China Resources Power Holdings Co's asset turnover of last year was 0.32809742. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+1+0+0+1+0
=5

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

China Resources Power Holdings Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
China Resources Power Holdings Co (CRPJF) has a Piotroski F-Score of 5 as of Jul. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on China Resources Power Holdings Co and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, China Resources Power Holdings Co's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, China Resources Power Holdings Co ranks #161 out of 417 companies in the Utilities - Independent Power Producers industry, placing it in the top 38.6%.
Is China Resources Power Holdings Co's Piotroski F-Score too high?
China Resources Power Holdings Co's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Utilities - Independent Power Producers industry median Piotroski F-Score is 5.00. China Resources Power Holdings Co's value of 5 is 0% at this industry median. Based on the distribution chart, China Resources Power Holdings Co ranks #161 out of 417 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, China Resources Power Holdings Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Resources Power Holdings Co's Piotroski F-Score compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, China Resources Power Holdings Co ranks #161 out of 417 companies for Piotroski F-Score. This puts China Resources Power Holdings Co in the upper half of its industry. The industry median Piotroski F-Score is 5.00. China Resources Power Holdings Co's value of 5 is 0% at this benchmark. Historically, China Resources Power Holdings Co's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, China Resources Power Holdings Co has consistently been at the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for an Utilities - Independent Power Producers company?
The median Piotroski F-Score among Utilities - Independent Power Producers companies is 5.00, based on 417 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Resources Power Holdings Co's current Piotroski F-Score of 5 is 0% at the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on China Resources Power Holdings Co and its competitors. For the Utilities - Independent Power Producers industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Resources Power Holdings Co's current Piotroski F-Score is 5, which is 17% below median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Resources Power Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, China Resources Power Holdings Co (CRPJF) is currently considered Fairly Valued. The stock's GF Value™ is $2.35, compared to a current price of $2.44 — trading 3.8% above its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Utilities - Independent Power Producers industry median of 5.00. China Resources Power Holdings Co's overall GF Score™ is 78/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For China Resources Power Holdings Co (CRPJF), the current Piotroski F-Score is 5 as of Jul. 16, 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 Resources Power Holdings Co (CRPJF) Overvalued in 2026?

Based on GuruFocus' analysis, China Resources Power Holdings Co stock appears to be overvalued. The current stock price of $2.44 is trading 3.8% above its estimated GF Value™ of $2.35. GuruFocus considers China Resources Power Holdings Co to be Fairly Valued.

Key valuation signals for CRPJF:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: $2.35 vs. price of $2.44 (3.8% above fair value)
  • GF Score™: 78/100 with 5 warning signs
  • Industry Position: 0% at the Utilities - Independent Power Producers median (#161 of 417)

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


China Resources Power Holdings Co Business Description

Other Exchanges 00836:Hong KongCRP:Germany
Address 26 Harbour Road, Rooms 2001-2002, 20th Floor, China Resources Building, Wanchai, HKG
China Resources Power, or CR Power, is one of China's largest independent power producers. The firm operates wind farms, photovoltaic power plants, hydroelectric power plants and thermal power (coal-fired and gas-fired) plants, which are situated mostly in eastern, central and southern China, with a total attributable operational generation capacity of about 72.4 gigawatts as of end-2024. Renewable energy accounts for about 47.2% of its capacity. China Resources Holdings, a key state-owned conglomerate, owns approximately 62.9% of CR Power's shares outstanding.
78GF Score

Get the complete analysis for CRPJF

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

$2.44
Price
$2.35
GF Value