---
title: "SPIC Hydropower Co., Ltd. (600292.SH)"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/600292.SH.md"
symbol: "600292.SH"
name: "SPIC Hydropower Co., Ltd."
industry: "Environmental and Facilities Services"
datetime: "2026-05-20T09:38:34.432Z"
locales:
  - [en](https://longbridge.com/en/quote/600292.SH.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/600292.SH.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/600292.SH.md)
---

# SPIC Hydropower Co., Ltd. (600292.SH)

## Company Overview

SPIC Hydropower Co., Ltd. provides energy- saving and environmental protection services in China and internationally. It operates through Franchise; Environmental Engineering and Services; Catalysts; Sewage Treatment; and Energy Saving and Others segments. The company is involved in the desulfurization, denitrification, and dust removal general contracting; desulfurization and denitrification franchise; denitrification catalytic; and in water engineering businesses.

| Item | Detail |
|------|--------|
| Industry | Environmental and Facilities Services |
| Exchange | CN Market |
| Website | [www.zdydep.com](https://www.zdydep.com) |

## Key Drivers
> *AI-analyzed key factors driving this stock's performance*


## Longbridge Financial Score™: B
> *Longbridge Financial Score™ — Proprietary multi-factor rating model by Longbridge*
> Updated: 2026-05-20T04:30:09.000Z

**Overall: B (0.37)**

**Industry**: Environmental and Facilities Services

| Metric | Value |
|--------|-------|
| Industry Ranking | 1 / 81 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Growth - Stocks whose main business is in the growth stage.
- **Scale**: Mid - The company has stable operation of a large-cap stock and the high return of a small-cap stock.

**Multi Score**: B

#### Style Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 143.43% |  |
| Net Profit YoY | 1651.40% |  |
| P/B Ratio | 3.77 |  |
| Dividend Ratio | 0.00% |  |

#### Size Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 65907719414.79 |  |
| Revenue | 11609061997.13 |  |

#### Multi Score Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 6.88% | C |
| Profit Margin | 6.72% | B |
| Gross Margin | 33.86% | C |
| Revenue YoY | 143.43% | A |
| Net Profit YoY | 1651.40% | A |
| Total Assets YoY | 580.62% | A |
| Net Assets YoY | 276.58% | A |
| Cash Flow Margin | 576.15% | A |
| OCF YoY | 143.43% | A |
| Turnover | 0.31 | D |
| Gearing Ratio | 67.31% | D |

```chart-data:radar
{
  "title": "Longbridge Financial Score - SPIC Hydropower Co., Ltd.",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Style Score",
      "grade": "",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "143.43%",
          "rating": ""
        },
        {
          "name": "Net Profit YoY",
          "value": "1651.40%",
          "rating": ""
        },
        {
          "name": "P/B Ratio",
          "value": "3.77",
          "rating": ""
        },
        {
          "name": "Dividend Ratio",
          "value": "0.00%",
          "rating": ""
        }
      ]
    },
    {
      "name": "Size Score",
      "grade": "",
      "indicators": [
        {
          "name": "Market Cap",
          "value": "65907719414.79",
          "rating": ""
        },
        {
          "name": "Revenue",
          "value": "11609061997.13",
          "rating": ""
        }
      ]
    },
    {
      "name": "Multi Score",
      "grade": "B",
      "indicators": [
        {
          "name": "ROE",
          "value": "6.88%",
          "rating": "C"
        },
        {
          "name": "Profit Margin",
          "value": "6.72%",
          "rating": "B"
        },
        {
          "name": "Gross Margin",
          "value": "33.86%",
          "rating": "C"
        },
        {
          "name": "Revenue YoY",
          "value": "143.43%",
          "rating": "A"
        },
        {
          "name": "Net Profit YoY",
          "value": "1651.40%",
          "rating": "A"
        },
        {
          "name": "Total Assets YoY",
          "value": "580.62%",
          "rating": "A"
        },
        {
          "name": "Net Assets YoY",
          "value": "276.58%",
          "rating": "A"
        },
        {
          "name": "Cash Flow Margin",
          "value": "576.15%",
          "rating": "A"
        },
        {
          "name": "OCF YoY",
          "value": "143.43%",
          "rating": "A"
        },
        {
          "name": "Turnover",
          "value": "0.31",
          "rating": "D"
        },
        {
          "name": "Gearing Ratio",
          "value": "67.31%",
          "rating": "D"
        }
      ]
    }
  ]
}
```

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 84.50 | 35/81 | 16644.13 | 3579.36 | 212.18 |
| PB | 3.77 | 50/81 | 2.24 | 1.96 | 1.85 |
| PS (TTM) | 5.68 | 48/81 | 13.06 | 5.56 | 2.04 |
| Dividend Yield | 0.00% | - | 0.23% | 0.23% | 0.22% |

## Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 01 | SPIC (600292.SH) | C | A | D | D | A | B |
| 02 | Ferrotec (301297.SZ) | B | C | B | A | D | B |
| 03 | ZHEFU (002266.SZ) | B | B | A | C | B | B |
| 04 | Feinan Resources (301500.SZ) | B | A | A | D | C | B |
| 05 | SEP (688480.SH) | B | B | B | B | B | B |

## References

- [Company Overview — Profile, executives, shareholders, business breakdown](https://longbridge.com/en/quote/600292.SH/overview.md)
- [Financial Reports — Income, balance sheet, cash flow, dividends](https://longbridge.com/en/quote/600292.SH/norm.md)
- [Related News](https://longbridge.com/en/quote/600292.SH/news.md)
- [Filings — Company announcements and regulatory filings](https://longbridge.com/en/quote/600292.SH/filings.md)

---

> **Disclaimer: This article is for reference only and does not constitute any investment advice.**