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China Renewable Energy Investment Limited is currently in a long term uptrend where the price is trading 5.7% above its 200 day moving average.
From a valuation standpoint, the stock is 31.3% cheaper than other stocks from the Utilities sector with a price to sales ratio of 2.5.
China Renewable Energy Investment Limited's total revenue rose by 28.9% to $109M since the same quarter in the previous year.
Its net income has increased by 213.5% to $49M since the same quarter in the previous year.
Finally, its free cash flow grew by 118.4% to $14M since the same quarter in the previous year.
Based on the above factors, China Renewable Energy Investment Limited gets an overall score of 5/5.
| Exchange | HK |
|---|---|
| CurrencyCode | HKD |
| Sector | Utilities |
| Industry | Utilities - Renewable |
| ISIN | KYG2161D1051 |
| PE Ratio | 12.7 |
|---|---|
| Target Price | 0.5 |
| Dividend Yield | 4.0% |
| Market Cap | 318M |
| Beta | 0.24 |
China Renewable Energy Investment Limited, an investment holding company, engages in the renewable energy business in the People's Republic of China and Hong Kong. As of December 31, 2023, the company operated eight wind farms with the power generating capacity of 738 megawatts and one distributed solar project in Gansu, Hebei, Heilongjiang, Henan, Inner Mongolia, and Zhejiang provinces. It also offers human resources management services, as well as distributes solar energy. The company was formerly known as Hong Kong Energy (Holdings) Limited and changed its name to China Renewable Energy Investment Limited in June 2011. The company was incorporated in 2002 and is headquartered in Tsim Sha Tsui, Hong Kong. China Renewable Energy Investment Limited is a subsidiary of HKC (Holdings) Limited.
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