Amidst anticipated growth, low P/E ratio of China Green Electricity Investment of Tianjin unsettles investors. Despite promising earnings outlook, potential risks pressure the P/E ratio and share price.

China Green Electricity's favourably statutory profits may be hampered by low cash conversion. Current cash outflows and accrual ratio could pose concerns for shareholders regarding near-term profits.

While recent stock performance has been negative, long-term investors could regard the situation as an investment opportunity if fundamentals suggest sustainable growth. The divergence between the TSR and share price return is substantially explained by the company's dividend payments.