China Three Gorges Renewables (Group) Co (SHSE:600905) Gross Margin %: 39.66% (As of Mar. 2026) — 29% Below Median


SHSE:600905 China Three Gorges Renewables (Group) Co Ltd SHSE:600905
83 GF Score
Price ¥3.81
GF Value ¥4.42
Valuation Modestly Undervalued
! 9 Warning Signs
View Full Analysis

What is China Three Gorges Renewables (Group) Co Gross Margin %?

China Three Gorges Renewables (Group) Co SHSE:600905 +1.06% 83 Gross Margin % is 39.66% as of Mar. 2026, which is 29% below its 10-year median of 55.71. GuruFocus rates SHSE:600905 with a GF Score™ of 83/100 and a GF Value™ of ¥4.42 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 402 Utilities - Independent Power Producers companies, China Three Gorges Renewables (Group) Co ranks better than 58.21% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. China Three Gorges Renewables (Group) Co's Gross Profit for the three months ended in Mar. 2026 was ¥2,755 Mil. China Three Gorges Renewables (Group) Co's Revenue for the three months ended in Mar. 2026 was ¥6,948 Mil. Therefore, China Three Gorges Renewables (Group) Co's Gross Margin % for the quarter that ended in Mar. 2026 was 39.66%.

Warning Sign:

China Three Gorges Renewables (Group) Co Ltd gross margin has been in long-term decline. The average rate of decline per year is -5.7%.


The historical rank and industry rank for China Three Gorges Renewables (Group) Co's Gross Margin % or its related term are showing as below:

SHSE:600905' s Gross Margin % Range Over the Past 10 Years
Min: 39.21   Med: 55.71   Max: 60.14
Current: 39.21


During the past 13 years, the highest Gross Margin % of China Three Gorges Renewables (Group) Co was 60.14%. The lowest was 39.21%. And the median was 55.71%.

SHSE:600905's Gross Margin % is ranked better than
58.21% of 402 companies
in the Utilities - Independent Power Producers industry
Industry Median: 31.32 vs SHSE:600905: 39.21

China Three Gorges Renewables (Group) Co had a gross margin of 39.66% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for China Three Gorges Renewables (Group) Co was -5.70% per year.


China Three Gorges Renewables (Group) Co  (SHSE:600905) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

China Three Gorges Renewables (Group) Co had a gross margin of 39.66% for the quarter that ended in Mar. 2026 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


China Three Gorges Renewables (Group) Co Gross Margin % Related Terms


China Three Gorges Renewables (Group) Co Gross Margin % Historical Data

* Premium members only.

The historical data trend for China Three Gorges Renewables (Group) Co's Gross Margin % 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 Gross Margin % Chart

China Three Gorges Renewables (Group) Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 60.14 58.40 55.11 52.62 41.81

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
Gross Margin % 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 49.32 44.63 38.29 34.19 39.66

China Three Gorges Renewables (Group) Co Gross Margin % Competitor Comparison

For the Utilities - Renewable subindustry, China Three Gorges Renewables (Group) Co's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Utilities - Independent Power Producers Industry

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

* The bar in red indicates where China Three Gorges Renewables (Group) Co's Gross Margin % falls into.


SHSE:600905
83GF Score
China Three Gorges Renewables (Group) Co Ltd SHSE:600905
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Three Gorges Renewables (Group) Co Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

China Three Gorges Renewables (Group) Co's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=11874.3 / 28399.42
=(Revenue - Cost of Goods Sold) / Revenue
=(28399.42 - 16525.1) / 28399.42
=41.81 %

China Three Gorges Renewables (Group) Co's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=2755.5 / 6948.044
=(Revenue - Cost of Goods Sold) / Revenue
=(6948.044 - 4192.567) / 6948.044
=39.66 %

* 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.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 39.66% mean?
China Three Gorges Renewables (Group) Co (SHSE:600905) has a Gross Margin % of 39.66% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on China Three Gorges Renewables (Group) Co and its competitors. This is 29% below median its historical median of 55.71. Over the past decade, China Three Gorges Renewables (Group) Co's Gross Margin % has ranged from 39.21 to 60.14. According to the industry distribution chart, China Three Gorges Renewables (Group) Co ranks #168 out of 402 companies in the Utilities - Independent Power Producers industry, placing it in the top 41.8%.
Is China Three Gorges Renewables (Group) Co's Gross Margin % too high?
China Three Gorges Renewables (Group) Co's current Gross Margin % of 39.66% is 29% below median its 10-year median of 55.71. Over the past 10 years, this metric has ranged from a low of 39.21 to a high of 60.14. The Utilities - Independent Power Producers industry median Gross Margin % is 31.32. China Three Gorges Renewables (Group) Co's value of 39.66% is 26.6% above this industry median. Based on the distribution chart, China Three Gorges Renewables (Group) Co ranks #168 out of 402 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, China Three Gorges Renewables (Group) Co has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Three Gorges Renewables (Group) Co's Gross Margin % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, China Three Gorges Renewables (Group) Co ranks #168 out of 402 companies for Gross Margin %. This puts China Three Gorges Renewables (Group) Co in the upper half of its industry. The industry median Gross Margin % is 31.32. China Three Gorges Renewables (Group) Co's value of 39.66% is 26.6% above this benchmark. Historically, China Three Gorges Renewables (Group) Co's own Gross Margin % has ranged from 39.21 to 60.14 over the past decade. While the company's 10-year median is 55.71 vs. the industry median of 31.32, China Three Gorges Renewables (Group) Co has consistently been above 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 Gross Margin % for an Utilities - Independent Power Producers company?
The median Gross Margin % among Utilities - Independent Power Producers companies is 31.32, based on 402 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Three Gorges Renewables (Group) Co's current Gross Margin % of 39.66% is 26.6% above 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on China Three Gorges Renewables (Group) Co and its competitors. For the Utilities - Independent Power Producers industry, the median Gross Margin % is 31.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Three Gorges Renewables (Group) Co's current Gross Margin % is 39.66%, which is 29% below median its own 10-year median of 55.71. 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 ¥3.81 — trading 13.8% below its estimated fair value. The current Gross Margin % is 39.66%, which is 29% below median its 10-year median of 55.71 and 26.6% above the Utilities - Independent Power Producers industry median of 31.32. China Three Gorges Renewables (Group) Co's overall GF Score™ is 83/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For China Three Gorges Renewables (Group) Co (SHSE:600905), the current Gross Margin % is 39.66% 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 ¥3.81 is trading 13.8% 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:

  • Gross Margin %: 39.66% (29% below median its 10-year median of 55.71)
  • GF Value™: ¥4.42 vs. price of ¥3.81 (13.8% below fair value)
  • GF Score™: 83/100 with 9 warning signs
  • Industry Position: 26.6% above the Utilities - Independent Power Producers median (#168 of 402)

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.
83GF Score

Get the complete analysis for SHSE:600905

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

¥3.81
Price
¥4.42
GF Value