TacticScaleWhat Zhongmin Energy (中闽能源) Does & How It Makes Money (600163.SS)
Updated October 2026 · reflects Zhongmin Energy's latest reported financials
Chinese state-backed developer and operator of wind and solar power plants. It invests in, builds and operates wind and solar power projects, and earns revenue mainly by selling the electricity they generate to the grid.
How Zhongmin Energy makes money
It invests in, builds and operates wind and solar power projects, and earns revenue mainly by selling the electricity they generate to the grid.
What Zhongmin Energy does
Zhongmin Energy Co., Ltd. invests in, develops, builds and operates new energy power generation projects in China, mainly wind power and photovoltaic (solar) power. Founded in 1998 and based in Fuzhou, the company was formerly called Nanzhi Co Ltd. and took its current name in December 2015, when it moved into renewable power. It is a subsidiary of Fujian Investment & Development Group Co., Ltd., which gives it a state-backed parent. For investors, it is a pure-play renewable utility: its results depend mostly on how much wind and solar capacity it runs and how much electricity those plants produce and sell.
Products & services
- Wind power generation
- Photovoltaic (solar) power generation
- New energy power project development and construction
- Renewable power plant operation
中闽能源是做什么的？
中闽能源股份有限公司主要在中国从事新能源发电项目的投资、开发、建设和运营，业务以风力发电和光伏发电为主。公司成立于1998年，总部位于福州，原名南纸股份有限公司，2015年12月更名为中闽能源。 公司是福建省投资开发集团有限责任公司的子公司，背后有地方国资支持。公司属于专注可再生能源的电力企业，经营业绩主要取决于风电和光伏装机规模以及发电量和售电情况。
What is Zhongmin Energy worth?
On an owner-earnings DCF, Zhongmin Energy's most-likely value is about ¥15 versus a recent price near ¥6 (64% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~¥8) with a margin of safety — so the honest verdict here is “Deeply discounted.” Fair value earns its keep only at the extremes, not in the wide middle.
On the financials alone, $6 is below even the no-growth floor ($8); the market's discount — expectations and sentiment beyond the numbers — is pricing in ≈ -3.9%/yr. A bargain only if that pessimism is overdone.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
Related companies
Zhejiang Provincial New Energy Investment (600032.SS) · Jiangsu New Energy Development (603693.SS) · Huadian New Energy (600930.SS) · Shenzhen Energy (000027.SZ)