Guangdong Meiyan Jixiang Hydropower Co (SHSE:600868) ROCE %: -3.07% (As of Mar. 2026)

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SHSE:600868 Guangdong Meiyan Jixiang Hydropower Co Ltd SHSE:600868
63 GF Score
Price ¥2.71
GF Value ¥2.83
Valuation Fairly Valued
! 4 Warning Signs
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What is Guangdong Meiyan Jixiang Hydropower Co ROCE %?

Guangdong Meiyan Jixiang Hydropower Co SHSE:600868 -0.73% 63 ROCE % is -3.07% as of Mar. 2026. GuruFocus rates SHSE:600868 with a GF Score™ of 63/100 and a GF Value™ of ¥2.83 (Fairly Valued). The stock has 4 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Guangdong Meiyan Jixiang Hydropower Co's annualized ROCE % for the quarter that ended in Mar. 2026 was -3.07%.

Guangdong Meiyan Jixiang Hydropower Co  (SHSE:600868) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Guangdong Meiyan Jixiang Hydropower Co ROCE % Related Terms

Guangdong Meiyan Jixiang Hydropower Co ROCE % Historical Data

* Premium members only.

The historical data trend for Guangdong Meiyan Jixiang Hydropower Co's ROCE % 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.

Guangdong Meiyan Jixiang Hydropower Co ROCE % Chart

Guangdong Meiyan Jixiang Hydropower Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.57 3.64 -3.92 -4.54 -7.11

Guangdong Meiyan Jixiang Hydropower Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 -2.93 -4.79 4.86 -26.04 -3.07
SHSE:600868
63GF Score
Guangdong Meiyan Jixiang Hydropower Co Ltd SHSE:600868
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Guangdong Meiyan Jixiang Hydropower Co ROCE % Calculation

Guangdong Meiyan Jixiang Hydropower Co's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-173.831/( ( (2906.039 - 344.402) + (2756.081 - 428.982) )/ 2 )
=-173.831/( (2561.637+2327.099)/ 2 )
=-173.831/2444.368
=-7.11 %

Guangdong Meiyan Jixiang Hydropower Co's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-71.928/( ( (2756.081 - 428.982) + (2808.02 - 449.468) )/ 2 )
=-71.928/( ( 2327.099 + 2358.552 )/ 2 )
=-71.928/2342.8255
=-3.07 %

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

* 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 ROCE % →
What does a ROCE % of -3.07% mean?
Guangdong Meiyan Jixiang Hydropower Co (SHSE:600868) has a ROCE % of -3.07% as of Mar. 2026.
Is Guangdong Meiyan Jixiang Hydropower Co's ROCE % too high?
Guangdong Meiyan Jixiang Hydropower Co's current ROCE % is -3.07%. Overall, Guangdong Meiyan Jixiang Hydropower Co has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Guangdong Meiyan Jixiang Hydropower Co's ROCE % compare to competitors?
Guangdong Meiyan Jixiang Hydropower Co's ROCE % of -3.07% can be compared against companies in the Utilities - Independent Power Producers industry. The industry median ROCE % is 4.60. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Utilities - Independent Power Producers company?
The median ROCE % among Utilities - Independent Power Producers companies is 4.60, based on 442 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Utilities - Independent Power Producers industry, the median ROCE % is 4.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Guangdong Meiyan Jixiang Hydropower Co's current ROCE % is -3.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guangdong Meiyan Jixiang Hydropower Co stock overvalued right now?
Based on GuruFocus' analysis, Guangdong Meiyan Jixiang Hydropower Co (SHSE:600868) is currently considered Fairly Valued. The stock's GF Value™ is ¥2.83, compared to a current price of ¥2.71 — trading 4.2% below its estimated fair value. The current ROCE % is -3.07%. Guangdong Meiyan Jixiang Hydropower Co's overall GF Score™ is 63/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Guangdong Meiyan Jixiang Hydropower Co (SHSE:600868), the current ROCE % is -3.07% 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 Guangdong Meiyan Jixiang Hydropower Co (SHSE:600868) Overvalued in 2026?

Based on GuruFocus' analysis, Guangdong Meiyan Jixiang Hydropower Co stock appears to be undervalued. The current stock price of ¥2.71 is trading 4.2% below its estimated GF Value™ of ¥2.83. GuruFocus considers Guangdong Meiyan Jixiang Hydropower Co to be Fairly Valued.

Key valuation signals for SHSE:600868:

  • ROCE %: -3.07%
  • GF Value™: ¥2.83 vs. price of ¥2.71 (4.2% below fair value)
  • GF Score™: 63/100 with 4 warning signs

No single metric tells the full story. See the SHSE:600868 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Guangdong Meiyan Jixiang Hydropower Co Business Description

Address Meiyan Builing, Wanshuitang County, Meizhou, Guangdong, CHN, 514011
Guangdong Meiyan Jixiang Hydropower Co Ltd is mainly engaged in power generation and hydropower generation in China. The company's main business is hydropower generation. Its business divisions include hydroelectric generation, copper foil production, cement industry, silver mining, education services business and sales. The company mainly operates its business in Guangdong Province.
63GF Score

Get the complete analysis for SHSE:600868

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

¥2.71
Price
¥2.83
GF Value