China Resources Power Holdings Co (0836) AI Stock Analysis

• Market Cap: $92.67B
• Dividend Yield: 5.88%
• Average Volume (3M): 21.72M
• Price to Earnings (P/E): 7.1
• Beta (1Y): 0.43
• Revenue Growth: 1.42%
• EPS Growth: -10.32%
• Country: HK
• Employees: 21,849
• Sector: Utilities
• Sector Strength: 65
• Industry: Independent Power Producers
• EPS (TTM): 1.52
• Shares Outstanding: 5,177,057,600
• 10 Day Avg. Volume: 21,253,741
• 30 Day Avg. Volume: 21,724,820
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 3.45
• Enterprise Value/Revenue: 3.04
• Enterprise Value/Gross Profit: 6.40
• Enterprise Value/Ebitda: 8.21
• 1Y Price Target: $20.91
• Price Target Upside: 17.46% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 73 Outperform
• Price Target: HK$20.50 ▲(15.17% Upside)

The overall stock score is driven primarily by strong financial performance and attractive valuation. The company's solid profitability and stable growth are complemented by a low P/E ratio and high dividend yield, making it appealing for value and income investors. However, technical analysis indicates a lack of strong momentum, which tempers the overall score.

Positive Factors

Negative Factors

China Resources Power Holdings Co Business Overview & Revenue Model

Company Description

China Resources Power Holdings Company Limited, an investment holding company, invests in, develops, operates, and manages power plants and coal mines in the People's Republic of China. The company operates in two segments, Thermal Power and Renewable Energy. It operates and manages coal- and gas-fired power plants, wind farms, photovoltaic power plants, hydro-electric power plants, and other clean and renewable energy projects. As of December 31, 2021, the company had 37 coal-fired power plants, 141 wind farms, 31 photovoltaic power plants, 2 hydroelectric plants, and 4 gas-fired plants with total attributable operational generation capacity of 47,997 MW. It also engages in coal mining activities; and undertakes combined generation of heat and power, coal-electricity integration, and other projects. In addition, the company is involved in the distribution of energy, power sale, intelligent energy, coal mining, and other areas; and distribution network construction and operation, distributed energy resource, and other businesses. The company was founded in 2001 and is based in Wan Chai, Hong Kong. China Resources Power Holdings Company Limited is a subsidiary of CRH (Power) Limited.

How the Company Makes Money

China Resources Power Holdings Co. Ltd. generates revenue primarily through the sale of electricity produced by its diverse portfolio of power generation assets. The company's key revenue streams include earnings from its coal-fired power plants, which remain a significant portion of its operations despite increasing investments in renewable energy sources like wind and hydroelectric power. Additionally, the company benefits from government incentives and subsidies for renewable energy projects, as well as partnerships with local governments and other enterprises to expand its power generation capacity. The strategic location of its assets and its ability to efficiently manage and operate a mix of thermal and renewable energy plants contribute significantly to its financial performance.

China Resources Power Holdings Co Financial Statement Overview

Summary

China Resources Power Holdings exhibits solid profitability and stable growth, supported by strong margins and effective cost management. The balance sheet shows moderate leverage with a healthy return on equity, though leverage requires careful monitoring. Cash flow management reveals strong operating cash generation but highlights challenges due to high capital expenditure, which could impact future liquidity if not addressed.

Income Statement

The company exhibits a strong gross profit margin of 47.5% and a robust net profit margin of 13.7% for 2024, indicating efficient cost management and healthy profitability. Revenue growth from 2023 to 2024 was 1.9%, showing consistent top-line growth. Additionally, the EBIT and EBITDA margins of 22.1% and 37.0% respectively, reflect solid operating performance. There is a positive trajectory in revenue and profit growth over the past years.

Balance Sheet

The debt-to-equity ratio is 1.77, suggesting moderate leverage which is typical for the industry. The return on equity (ROE) is 13.1%, indicating effective utilization of equity capital. The equity ratio stands at 30.3%, reflecting a stable capital structure. While leverage is within acceptable limits, it poses a risk if not managed properly.

Cash Flow

The operating cash flow to net income ratio is 2.34, demonstrating strong cash earnings. However, free cash flow is negative, highlighting high capital expenditures which are common in this industry. The free cash flow to net income ratio is negative, signifying potential cash management challenges. Despite strong operating cash flows, negative free cash flow can be a concern if it persists.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	105.28B	103.33B	103.31B	90.41B	69.55B
Gross Profit	50.01B	45.34B	14.19B	7.12B	16.19B
EBITDA	38.96B	34.39B	25.91B	20.09B	26.47B
Net Income	14.39B	11.00B	7.46B	2.60B	7.82B
Balance Sheet
Total Assets	362.46B	322.40B	283.39B	287.97B	259.63B
Cash, Cash Equivalents and Short-Term Investments	5.83B	4.08B	7.84B	8.09B	5.34B
Total Debt	194.16B	166.86B	151.22B	147.77B	121.77B
Total Liabilities	242.51B	217.85B	193.50B	191.13B	164.51B
Stockholders Equity	109.84B	84.97B	82.24B	88.99B	85.80B
Cash Flow
Free Cash Flow	-16.00B	-9.91B	-12.46B	-21.22B	-12.43B
Operating Cash Flow	33.70B	28.87B	20.12B	4.47B	18.10B
Investing Cash Flow	-52.07B	-43.99B	-34.12B	-20.68B	-29.94B
Financing Cash Flow	20.40B	11.83B	14.47B	18.94B	11.42B

China Resources Power Holdings Co Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 17.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0836, the sentiment is Negative. The current price of 17.8 is below the 20-day moving average (MA) of 18.16, below the 50-day MA of 18.80, and below the 200-day MA of 18.07, indicating a bearish trend. The MACD of -0.15 indicates Positive momentum. The RSI at 37.20 is Neutral, neither overbought nor oversold. The STOCH value of 9.18 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0836.

China Resources Power Holdings Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0836	73 Outperform	$92.67B	7.11	13.23%	5.88%	1.42%	-10.32%
0991	68 Neutral	59.51B	8.25	5.89%	3.05%	-0.44%	333.39%
0002	68 Neutral	163.46B	14.41	11.42%	4.87%	2.02%	51.27%
1071	67 Neutral	62.62B	7.96	8.47%	3.34%	8.09%	24.77%
0916	67 Neutral	117.09B	10.13	0.00%	3.28%	-8.27%	13.82%
0902	66 Neutral	113.57B	9.36	8.41%	5.14%	-3.78%	34.93%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%

China Resources Power Holdings Co Corporate Events

China Resources Power Holdings Co Appoints New Executive Director

China Resources Power Holdings Co has announced the appointment of Mr. Liu Xiusheng as an executive director effective from September 12, 2025. Mr. Liu brings extensive experience in human resources and corporate management from his previous roles within the company and its subsidiaries. This appointment is expected to strengthen the company’s leadership team and potentially enhance its operational efficiency and strategic direction.

The most recent analyst rating on (HK:0836) stock is a Buy with a HK$20.50 price target. To see the full list of analyst forecasts on China Resources Power Holdings Co stock, see the HK:0836 Stock Forecast page.

China Resources Power Announces New Board Composition

China Resources Power Holdings Co announced the composition of its board of directors and their roles, effective from September 12, 2025. This update in board membership and committee assignments is crucial for stakeholders as it may influence the company’s strategic direction and governance practices.

The most recent analyst rating on (HK:0836) stock is a Buy with a HK$20.50 price target. To see the full list of analyst forecasts on China Resources Power Holdings Co stock, see the HK:0836 Stock Forecast page.

China Resources Power Sees Significant Growth in Renewable Energy Generation

In August 2025, China Resources Power Holdings reported an 8.9% year-on-year increase in net generation from its subsidiary power plants, reaching 20,733,389 MWh. Notably, subsidiary wind farms and photovoltaic power plants saw significant growth, with increases of 19.4% and 30.1% respectively. Over the first eight months of 2025, the company’s total net generation rose by 5.9% year-on-year, driven by a 13.2% increase in wind power and a 33.2% rise in photovoltaic power. These figures highlight the company’s successful expansion in renewable energy, potentially strengthening its market position and appealing to environmentally conscious stakeholders.

The most recent analyst rating on (HK:0836) stock is a Buy with a HK$20.50 price target. To see the full list of analyst forecasts on China Resources Power Holdings Co stock, see the HK:0836 Stock Forecast page.

China Resources Power Reports Mixed Interim Results with Renewable Energy Gains

China Resources Power Holdings Co announced its interim financial results for the first half of 2025, reporting a profit attributable to owners of HK$7,872 million, a 15.9% decrease from the previous year. Despite the overall decline, the company saw a slight increase in core business profit and a notable rise in core profit before income tax from its renewable energy sector, indicating a strategic focus on renewable energy expansion. The thermal power segment showed mixed results, with a decline in overall profit but a significant increase when excluding coal production, reflecting the company’s ongoing transition towards cleaner energy sources.

The most recent analyst rating on (HK:0836) stock is a Hold with a HK$21.50 price target. To see the full list of analyst forecasts on China Resources Power Holdings Co stock, see the HK:0836 Stock Forecast page.

China Resources Power Announces Interim Dividend for 2025

China Resources Power Holdings Company Limited has announced an interim dividend of HKD 0.356 per share for the six months ending June 30, 2025. Shareholders have the option to receive the dividend in RMB at an exchange rate of HKD 1 to RMB 0.91155, with the payment date set for October 30, 2025. This announcement reflects the company’s ongoing commitment to providing returns to its shareholders and may influence investor sentiment positively.

The most recent analyst rating on (HK:0836) stock is a Hold with a HK$21.50 price target. To see the full list of analyst forecasts on China Resources Power Holdings Co stock, see the HK:0836 Stock Forecast page.

China Resources Power Holdings Co Updates Board Composition

China Resources Power Holdings Co has announced the current composition of its board of directors and their roles within the company. This update, effective from August 21, 2025, reflects the company’s governance structure and highlights the involvement of key executives and directors in various board committees, which could influence the company’s strategic direction and operational oversight.

The most recent analyst rating on (HK:0836) stock is a Hold with a HK$21.50 price target. To see the full list of analyst forecasts on China Resources Power Holdings Co stock, see the HK:0836 Stock Forecast page.

China Resources Power Sees Significant Growth in July 2025 Net Generation

In July 2025, China Resources Power Holdings reported a 14.1% year-on-year increase in total net generation from its subsidiary power plants, reaching 20,975,595 MWh. This growth was driven by newly commissioned capacities and high power demand due to hot weather, with thermal plants seeing a 17.2% increase. However, wind farm generation decreased by 5.3% due to lower wind speeds, while photovoltaic plants saw a significant 44.8% increase. Over the first seven months of 2025, total net generation rose by 5.4%, with notable growth in wind and photovoltaic outputs, reflecting the company’s strategic focus on renewable energy expansion.

The most recent analyst rating on (HK:0836) stock is a Buy with a HK$21.00 price target. To see the full list of analyst forecasts on China Resources Power Holdings Co stock, see the HK:0836 Stock Forecast page.

China Resources Power Announces Board Meeting for Interim Results

China Resources Power Holdings Company Limited has announced an upcoming board meeting scheduled for August 21, 2025. During this meeting, the board will approve the interim results for the first half of 2025 and consider declaring an interim dividend. This announcement indicates the company’s ongoing commitment to transparency and shareholder engagement, potentially impacting its financial strategies and investor relations.

The most recent analyst rating on (HK:0836) stock is a Buy with a HK$21.00 price target. To see the full list of analyst forecasts on China Resources Power Holdings Co stock, see the HK:0836 Stock Forecast page.