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China Clean Energy

CCGY
68
Chemicals - Specialty · Basic Materials
Price
$0.00
+0.00 (+0.00%)
Market Cap
$3,151
Winston Score
68
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Sep 30, 2011
How the score breaks down
Quality
Good
Growth
Exceptional
Cash Flow
Exceptional
Stability
Good
Valuation
Good

Share count rising — dilution

+46.5% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 21.5M (2007) → 31.5M (2011)

Winston Score History

The full picture

China Clean Energy Inc. is a small company based in China that makes specialty chemicals used as cleaner-burning fuel alternatives. Its core product is biodiesel, a fuel made from plant oils and animal fats that can replace or blend with regular diesel. The company sells mainly to industrial customers and fuel distributors in China.

The company earns revenue by selling biodiesel and related chemical products directly to buyers, rather than through subscriptions or licensing. It operates entirely within China, and with a market cap near zero, it is a very small player in a fragmented industry with limited pricing power. The main growth driver is China's push to reduce air pollution and increase use of renewable fuels, but the biggest risk is that small producers like this one face intense competition from larger state-owned energy companies and are vulnerable to swings in raw material costs.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+7.3% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

-16.7% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$346,753/ year

Rising (+162% vs prior year)

0.5% of revenue

Below sector average (3%)

R&D investment increasing — building for the future

Insider Activity

6.7%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$24M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

China Clean Energy is growing revenue at 7% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Profit per sale
Gross Margin
17.2%
Thin — 17.2% gross margin
Profit after running costs
Operating Margin
13.6%
Healthy — 13.6% operating margin
Return on the money invested
ROCE
26.6%
Exceptional — 26.6% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth
Sales YoY
+60.7%
Fast-growing sales (+60.7% YoY)
Profit growth
EPS YoY
+116.7%
Earnings growing fast (+116.7% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
7/8 quarters
Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash
Cash Conversion
156%
Turns 156% of profit into real cash
Spare cash per sale
FCF Margin
19.6%
Converts sales into free cash efficiently (19.6%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
33.75x
Comfortably covers interest (33.8x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
0.0x
Attractive valuation — P/E 0.0

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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