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China Three Gorges Renewables (Group) Co (SHSE:600905) Shares Outstanding (EOP) : 28,621 Mil (As of Mar. 2024)


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What is China Three Gorges Renewables (Group) Co Shares Outstanding (EOP)?

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. China Three Gorges Renewables (Group) Co's shares outstanding for the quarter that ended in Mar. 2024 was 28,621 Mil.

China Three Gorges Renewables (Group) Co's quarterly shares outstanding declined from Dec. 2023 (28,623 Mil) to Mar. 2024 (28,621 Mil). It means China Three Gorges Renewables (Group) Co bought back shares from Dec. 2023 to Mar. 2024 .

China Three Gorges Renewables (Group) Co's annual shares outstanding increased from Dec. 2022 (28,620 Mil) to Dec. 2023 (28,623 Mil). It means China Three Gorges Renewables (Group) Co issued new shares from Dec. 2022 to Dec. 2023 .


China Three Gorges Renewables (Group) Co Shares Outstanding (EOP) Historical Data

The historical data trend for China Three Gorges Renewables (Group) Co's Shares Outstanding (EOP) 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.

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China Three Gorges Renewables (Group) Co Shares Outstanding (EOP) Chart

China Three Gorges Renewables (Group) Co Annual Data
Trend Dec09 Dec10 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shares Outstanding (EOP)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20,000.00 20,000.00 28,571.00 28,619.50 28,623.00

China Three Gorges Renewables (Group) Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Shares Outstanding (EOP) 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 28,625.20 28,624.10 28,623.10 28,623.00 28,621.40

Competitive Comparison of China Three Gorges Renewables (Group) Co's Shares Outstanding (EOP)

For the Utilities - Renewable subindustry, China Three Gorges Renewables (Group) Co's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) 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's Shares Outstanding (EOP) Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where China Three Gorges Renewables (Group) Co's Shares Outstanding (EOP) falls into.



China Three Gorges Renewables (Group) Co Shares Outstanding (EOP) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that end of period. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.


China Three Gorges Renewables (Group) Co  (SHSE:600905) Shares Outstanding (EOP) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


China Three Gorges Renewables (Group) Co Shares Outstanding (EOP) Related Terms

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China Three Gorges Renewables (Group) Co (SHSE:600905) Business Description

Traded in Other Exchanges
N/A
Address
No. 1, Gongyuan Street, Room 206-23, 2nd Floor, Building 1, Tongzhou District, Beijing, CHN, 101149
China Three Gorges Renewables, or CTGR, is one of China's largest renewable energy producers. The firm operates wind farms, photovoltaic power plants, hydro-electric power plants, and energy storage projects. CTGR has a total generation capacity of about 26.5 gigawatts as of the end of 2022. In particular, the firm is also one of the largest offshore wind farm operators in China, with 4.9 GW of installed capacity at the end of 2022, representing about 16% of China's total capacity. Parent company, China Three Gorges, a state-owned enterprise, owns approximately 52.4% of CTGR's issued shares as of the end of 2022.

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