China Three Gorges Renewables (Group) Co (SHSE:600905) Scaled Net Operating Assets: 0.81 (As of Mar. 2026)


SHSE:600905 China Three Gorges Renewables (Group) Co Ltd SHSE:600905
79 GF Score
Price ¥3.68
GF Value ¥4.43
Valuation Modestly Undervalued
! 9 Warning Signs
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What is China Three Gorges Renewables (Group) Co Scaled Net Operating Assets?

China Three Gorges Renewables (Group) Co SHSE:600905 -1.34% 79 Scaled Net Operating Assets is 0.81 as of Mar. 2026. GuruFocus rates SHSE:600905 with a GF Score™ of 79/100 and a GF Value™ of ¥4.43 (Modestly Undervalued). The stock has 9 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

China Three Gorges Renewables (Group) Co's operating assets for the quarter that ended in Mar. 2026 was ¥388,611 Mil. China Three Gorges Renewables (Group) Co's operating liabilities for the quarter that ended in Mar. 2026 was ¥75,971 Mil. China Three Gorges Renewables (Group) Co's Total Assets for the quarter that ended in Dec. 2025 was ¥387,156 Mil. Therefore, China Three Gorges Renewables (Group) Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.81.


China Three Gorges Renewables (Group) Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for China Three Gorges Renewables (Group) Co's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

China Three Gorges Renewables (Group) Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.15 0.95 0.95 0.92 0.86

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
Scaled Net Operating Assets 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 0.82 0.82 0.81 0.82 0.81

China Three Gorges Renewables (Group) Co Scaled Net Operating Assets Competitor Comparison

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

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

* The bar in red indicates where China Three Gorges Renewables (Group) Co's Scaled Net Operating Assets falls into.


SHSE:600905
79GF Score
China Three Gorges Renewables (Group) Co Ltd SHSE:600905
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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China Three Gorges Renewables (Group) Co Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

China Three Gorges Renewables (Group) Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(383379.6-74800.555)/357006.433
=0.86

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=387155.53 - 3775.93
=383379.6

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=278411.23 - 173623.196 - 29987.479
=74800.555

China Three Gorges Renewables (Group) Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(388611.384-75970.755)/387155.53
=0.81

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=393054.809 - 4443.425
=388611.384

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=282889.137 - 182605.625 - 24312.757
=75970.755

* 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.

What does a Scaled Net Operating Assets of 0.81 mean?
China Three Gorges Renewables (Group) Co (SHSE:600905) has a Scaled Net Operating Assets of 0.81 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on China Three Gorges Renewables (Group) Co and its competitors.
Is China Three Gorges Renewables (Group) Co's Scaled Net Operating Assets too high?
China Three Gorges Renewables (Group) Co's current Scaled Net Operating Assets is 0.81. Overall, China Three Gorges Renewables (Group) Co has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Three Gorges Renewables (Group) Co's Scaled Net Operating Assets compare to competitors?
China Three Gorges Renewables (Group) Co's Scaled Net Operating Assets of 0.81 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 Scaled Net Operating Assets for an Utilities - Independent Power Producers company?
A good Scaled Net Operating Assets depends on the Utilities - Independent Power Producers industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on China Three Gorges Renewables (Group) Co and its competitors. China Three Gorges Renewables (Group) Co's current Scaled Net Operating Assets is 0.81. 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 ¥4.43, compared to a current price of ¥3.68 — trading 16.9% below its estimated fair value. The current Scaled Net Operating Assets is 0.81. China Three Gorges Renewables (Group) Co's overall GF Score™ is 79/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For China Three Gorges Renewables (Group) Co (SHSE:600905), the current Scaled Net Operating Assets is 0.81 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 ¥3.68 is trading 16.9% below its estimated GF Value™ of ¥4.43. GuruFocus considers China Three Gorges Renewables (Group) Co to be Modestly Undervalued.

Key valuation signals for SHSE:600905:

  • Scaled Net Operating Assets: 0.81
  • GF Value™: ¥4.43 vs. price of ¥3.68 (16.9% below fair value)
  • GF Score™: 79/100 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.
79GF Score

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

¥3.68
Price
¥4.43
GF Value