Concord New Energy Group (0182) AI Stock Analysis

• Market Cap: HK$3.49B
• Dividend Yield: 8.97%
• Average Volume (3M): 5.40M
• Price to Earnings (P/E): 4.1
• Beta (1Y): 0.35
• Revenue Growth: 3.88%
• EPS Growth: -5.30%
• Country: HK
• Employees: 814
• Sector: Utilities
• Sector Strength: 79
• Industry: Renewable Utilities
• EPS (TTM): 0.11
• Shares Outstanding: 7,877,679,000
• 10 Day Avg. Volume: 8,443,765
• 30 Day Avg. Volume: 5,396,638
• PEG Ratio: -0.27
• Price to Book (P/B): 0.42
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.15
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 71 Outperform
• Price Target: HK$0.50 ▲(11.11%Upside)

The stock's strong valuation with a low P/E ratio and high dividend yield is a key strength, contributing significantly to the score. Financial performance shows solid revenue growth, but challenges in net income and cash flow are notable risks. Technical analysis indicates stability without significant momentum.

Concord New Energy Group Business Overview & Revenue Model

Company Description

Concord New Energy Group Limited, an investment holding company, engages in the generation of power in the People's Republic of China and internationally. The company operates through Power Generation, Intelligent Operation and Maintenance, and Others segments. It is involved in the investment, engineering, procurement, construction, operation, and maintenance of wind and solar power plants; and provision of design, technical, and consultancy services. The company also engages in the sale of solar and new energy equipment; design, research, and exploitation of power systems; leasing of equipment; and investment and operation of solar and wind power plants. In addition, it provides finance lease services and energy internet services. The company sells its electric power to external power grid companies. As of December 31, 2021, it had 70 grid-connected wind and photovoltaic power plants with a total installed capacity of approximately 3,708 megawatts, which include 54 wind power plants with an installed capacity of 3,313 megawatts, as well as 16 photovoltaic power plants with an installed capacity of 394 megawatts. The company was formerly known as China Windpower Group Limited and changed its name to Concord New Energy Group Limited in March 2015. The company was founded in 2006 and is based in Admiralty, Hong Kong.

How the Company Makes Money

Concord New Energy Group makes money primarily through its power generation segment by selling electricity generated from its wind and solar power plants to grid companies. The company benefits from government incentives and feed-in tariffs, which support renewable energy production. Additionally, Concord New Energy provides intelligent operation and maintenance services to other power plants, generating service revenue. The company's partnerships with local governments and strategic collaborations with other energy firms enhance its growth and expansion in the renewable energy market. Its revenue streams are bolstered by its continuous investment in expanding its portfolio of power generation assets, thereby increasing its capacity and output.

Concord New Energy Group Financial Statement Overview

Summary

Concord New Energy Group shows a solid financial foundation in the renewable utilities sector, with strong revenue growth and profitability. However, the decline in net income and negative free cash flow suggest potential operational and investment challenges that require attention. The balance sheet's moderate leverage and strong cash conversion provide a cushion, but careful management of capital expenditures and expenses will be crucial for sustainable growth.

Income Statement

The income statement reflects strong profitability with a gross profit margin consistently above 50%, and a net profit margin of 29.2% in the latest year. Revenue growth is healthy, with a notable increase of 22.5% from the previous year. However, net income declined by 16.5%, indicating some challenges in cost management or increased expenses.

Balance Sheet

The balance sheet shows a stable equity position with a debt-to-equity ratio of 1.91, suggesting moderate leverage. The equity ratio stands at 27.1%, indicating a sound capital structure. Return on equity is strong at 9.2%, reflecting efficient use of equity to generate earnings.

Cash Flow

Cash flow from operations remains robust, but free cash flow is negative, primarily due to significant capital expenditures. The operating cash flow to net income ratio of 2.72 shows strong cash conversion, yet the free cash flow to net income ratio is negative, highlighting potential liquidity and investment challenges.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
2.45B	2.25B	2.68B	2.18B	2.00B
	Gross Profit
1.21B	1.06B	1.59B	1.31B	1.24B
	EBIT
1.16B	1.03B	1.40B	1.19B	1.08B
	EBITDA
1.83B	1.67B	2.25B	1.87B	1.70B
	Net Income Common Stockholders
805.13M	963.77M	871.82M	787.53M	673.40M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.75B	2.60B	3.61B	3.52B	2.28B
	Total Assets
32.13B	31.24B	27.17B	24.04B	19.53B
	Total Debt
16.65B	16.69B	14.05B	11.59B	9.63B
	Net Debt
14.96B	14.25B	10.58B	8.08B	7.35B
	Total Liabilities
23.22B	22.80B	19.08B	16.48B	13.03B
	Stockholders Equity
8.71B	8.28B	7.83B	7.40B	6.42B
Cash Flow		Free Cash Flow
-2.31B	-2.61B	-1.96B	-1.84B	-466.16M
	Operating Cash Flow
2.19B	1.58B	2.40B	1.29B	965.16M
	Investing Cash Flow
-3.42B	-4.59B	-3.77B	-1.95B	-143.54M
	Financing Cash Flow
525.04M	1.97B	1.28B	1.89B	-15.15M

Concord New Energy Group Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.45
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0182, the sentiment is Positive. The current price of 0.45 is above the 20-day moving average (MA) of 0.44, above the 50-day MA of 0.43, and below the 200-day MA of 0.47, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 56.83 is Neutral, neither overbought nor oversold. The STOCH value of 27.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0182.

Concord New Energy Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0182	71 Outperform	HK$3.49B	4.12	9.47%	8.97%	3.88%	-5.30%
Sector *	64 Neutral	$8.54B	10.30	4.69%	4.37%	4.14%	-13.04%
PVLTF		$342.20M	24.07	1.64%	9.84%	―	―
SMTLF		$68.36M	―	-22.62%	―	―	―
84H		€315.87M	5.86	11.34%	6.05%	―	―
1250	57 Neutral	HK$3.53B	12.41	2.06%	―	-10.89%	-24.84%
0527	40 Underperform	HK$823.07M	―		―	-4.32%	14.13%

Concord New Energy Group Corporate Events

Concord New Energy Reports Increased May 2025 Power Output

Concord New Energy Group Limited reported its power generation output for May 2025, showing a 5.50% increase compared to May 2024. The growth was driven by a significant 22.17% increase in solar power output, while wind power saw a modest rise of 3.26%. Despite the monthly growth, the cumulative output from January to May 2025 showed a slight decline of 0.87% compared to the same period in 2024, indicating challenges in maintaining consistent growth.

Concord New Energy Announces Major Finance Lease Transactions

Concord New Energy Group Limited has announced major finance lease arrangements involving the purchase and leaseback of equipment and facilities totaling RMB591.7 million. These transactions, which involve multiple financial leasing entities, are significant enough to be classified as major transactions under the Hong Kong Stock Exchange’s Listing Rules, requiring notification, publication, and shareholder approval. This strategic move is expected to enhance the company’s operational capabilities and strengthen its position in the renewable energy market.

Concord New Energy Group Passes Key Resolutions at AGM

Concord New Energy Group Limited announced the successful passage of all ordinary resolutions during its Annual General Meeting held on May 23, 2025. Key resolutions included the adoption of financial statements, re-election of directors, declaration of a final dividend, re-appointment of KPMG as auditor, and granting of mandates to the board for share issuance and repurchase. These resolutions reflect the company’s strategic direction and commitment to governance, potentially impacting shareholder value and market confidence.

Concord New Energy Reports Shift in Power Generation Output for April 2025

Concord New Energy Group Limited announced a decrease in its total power generation output for April 2025 compared to the previous year, with wind power output declining by 9.59% and solar power increasing by 23.05%. This shift in power generation dynamics reflects the company’s growing emphasis on solar energy, which may influence its strategic direction and impact stakeholders interested in the company’s renewable energy initiatives.

Concord New Energy Announces 2025 AGM and Key Resolutions

Concord New Energy Group Limited has announced its upcoming annual general meeting scheduled for May 23, 2025, where key agenda items include the adoption of financial statements, re-election of directors, and declaration of a final dividend. Additionally, the meeting will consider resolutions to authorize the board to issue additional shares, which could impact the company’s capital structure and market positioning.

Concord New Energy Announces Dividend and AGM Details

Concord New Energy Group Limited has announced the closure of its Register of Members for the purpose of determining shareholders eligible for a final dividend and participation in the upcoming annual general meeting. The board has recommended a final dividend of HK$0.035 per share for the year ending December 2024, subject to approval at the AGM scheduled for May 23, 2025. The dividend, if approved, will be paid on July 4, 2025. The Register will be closed during specified periods in May and June 2025 to facilitate this process.

Concord New Energy Announces Final Dividend for 2024

Concord New Energy Group Limited has announced a cash dividend of HKD 0.035 per share for the financial year ending December 31, 2024. The dividend is set to be paid on July 4, 2025, following shareholder approval on May 23, 2025. This announcement underscores the company’s commitment to providing returns to its shareholders and reflects its stable financial performance. The closure of the register of members for the final dividend and annual general meeting is scheduled from May 30 to June 3, 2025, with the record date on June 3, 2025.

Concord New Energy Engages in Major Finance Lease Arrangement

Concord New Energy Group Limited announced a finance lease arrangement with Industrial Bank Financial Leasing, involving two agreements for leasing equipment and auxiliary facilities. The transaction, valued at approximately RMB457.2 million, is classified as a discloseable transaction under Hong Kong’s Listing Rules, indicating significant financial engagement and strategic asset management for the company.

Concord New Energy Seeks Secondary Listing on Singapore Exchange

Concord New Energy Group Limited has announced its application for a secondary listing on the Singapore Exchange, aiming to expand its market presence. The completion of this listing is contingent upon market conditions and regulatory approvals, which could impact the company’s strategic positioning and investor relations.

Concord New Energy Reports Increased Solar Output in March 2025

Concord New Energy Group Limited announced its power generation output for March 2025, reporting a slight increase in overall production compared to the previous year. While wind power generation saw a marginal growth, solar power output experienced a significant rise, indicating a strategic shift towards solar energy. This development may impact the company’s operational focus and its positioning in the renewable energy market.

Concord New Energy Secures Photovoltaic Equipment for Hebei Project

Concord New Energy Group Limited, through its subsidiary Tianjin Huaxing, has entered into a purchase contract with JinkoSolar for photovoltaic power equipment valued at approximately RMB51.95 million. This transaction, which is part of a 50 MW photovoltaic power generation project in Hebei Province, China, is classified as a discloseable transaction under Hong Kong’s Listing Rules, requiring notification and publication. The deal includes a performance guarantee and a 12-year warranty from JinkoSolar, with payment structured in installments and delivery expected by the end of May 2025.

Concord New Energy Engages in RMB700 Million Finance Lease Arrangement

Concord New Energy Group Limited has entered into a finance lease arrangement with Everbright Financial Leasing, involving the sale and leaseback of equipment valued at RMB700 million. This transaction, classified as a discloseable transaction under Hong Kong’s listing rules, allows Concord New Energy to optimize its financial resources while maintaining operational control over the equipment. The arrangement reflects the company’s strategic financial management and positions it to better meet its financing needs while adhering to regulatory requirements.

Concord New Energy Shareholders Approve Project Disposal

Concord New Energy Group Limited announced that its shareholders have approved the disposal of a project company through an ordinary resolution passed at a special general meeting. The resolution received unanimous support, with all votes cast in favor, indicating strong shareholder backing for the transaction, which could potentially impact the company’s strategic direction and market positioning.