China Three Gorges Renewables (Group) Co (SHSE:600905) ROCE %: 3.00% (As of Mar. 2026)


SHSE:600905 China Three Gorges Renewables (Group) Co Ltd SHSE:600905
74 GF Score
Price ¥3.73
GF Value ¥4.42
Valuation Modestly Undervalued
! 9 Warning Signs
View Full Analysis

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

China Three Gorges Renewables (Group) Co SHSE:600905 -1.32% 74 ROCE % is 3.00% 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.

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. China Three Gorges Renewables (Group) Co's annualized ROCE % for the quarter that ended in Mar. 2026 was 3.00%.

China Three Gorges Renewables (Group) Co  (SHSE:600905) 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.

China Three Gorges Renewables (Group) Co ROCE % Related Terms

China Three Gorges Renewables (Group) Co ROCE % Historical Data

* Premium members only.

The historical data trend for China Three Gorges Renewables (Group) 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.

China Three Gorges Renewables (Group) Co ROCE % Chart

China Three Gorges Renewables (Group) 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 7.05 6.61 5.43 4.60 2.98

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
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 5.42 3.52 2.26 0.66 3.00
SHSE:600905
74GF Score
China Three Gorges Renewables (Group) Co Ltd SHSE:600905
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Three Gorges Renewables (Group) Co ROCE % Calculation

China Three Gorges Renewables (Group) 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 )
=9200.758/( ( (357006.433 - 63440.731) + (387155.53 - 63883.257) )/ 2 )
=9200.758/( (293565.702+323272.273)/ 2 )
=9200.758/308418.9875
=2.98 %

China Three Gorges Renewables (Group) 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 )
=9857.308/( ( (387155.53 - 63883.257) + (393054.809 - 58670.106) )/ 2 )
=9857.308/( ( 323272.273 + 334384.703 )/ 2 )
=9857.308/328828.488
=3.00 %

(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 3.00% mean?
China Three Gorges Renewables (Group) Co (SHSE:600905) has a ROCE % of 3.00% as of Mar. 2026.
Is China Three Gorges Renewables (Group) Co's ROCE % too high?
China Three Gorges Renewables (Group) Co's current ROCE % is 3.00%. The Utilities - Independent Power Producers industry median ROCE % is 4.75. China Three Gorges Renewables (Group) Co's value of 3.00% is 36.8% below this industry median. 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 ROCE % compare to competitors?
China Three Gorges Renewables (Group) Co's ROCE % of 3.00% can be compared against companies in the Utilities - Independent Power Producers industry. The industry median ROCE % is 4.75. China Three Gorges Renewables (Group) Co's value of 3.00% is 36.8% below this benchmark. 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 4.75, based on 437 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. China Three Gorges Renewables (Group) Co's current ROCE % of 3.00% is 36.8% below 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 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 4.75 — 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 ROCE % is 3.00%. 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 ¥3.73 — trading 15.6% below its estimated fair value. The current ROCE % is 3.00% and 36.8% below the Utilities - Independent Power Producers industry median of 4.75. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For China Three Gorges Renewables (Group) Co (SHSE:600905), the current ROCE % is 3.00% 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 ¥3.73 is trading 15.6% 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:

  • ROCE %: 3.00%
  • GF Value™: ¥4.42 vs. price of ¥3.73 (15.6% below fair value)
  • GF Score™: 74/100 with 9 warning signs
  • Industry Position: 36.8% below the Utilities - Independent Power Producers median

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

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

¥3.73
Price
¥4.42
GF Value