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China Resources Power Holdings Co
(0836)
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Rating:66Neutral
Price Target:
HK$20.50
▲(7.33% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by mixed financial quality—solid profitability and improving operating cash flow are offset by high leverage and persistently negative free cash flow. Valuation is a key positive with a low P/E and strong dividend yield, while technical indicators suggest steady, mildly positive momentum.
Positive Factors
Diversified generation mix
A broad mix of thermal and renewable assets provides structural resilience: thermal supplies baseload revenue while wind, solar and hydro enable participation in China’s clean-energy buildout. This diversification reduces single-commodity exposure and supports multi-year capacity-growth optionality.
Negative Factors
High leverage
Elevated and rising debt materially reduces financial flexibility and raises sensitivity to interest rates and refinancing cycles. Over a multi-month horizon, high leverage constrains strategic optionality—project financing, M&A or dividend resilience—and increases credit and liquidity risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified generation mix
A broad mix of thermal and renewable assets provides structural resilience: thermal supplies baseload revenue while wind, solar and hydro enable participation in China’s clean-energy buildout. This diversification reduces single-commodity exposure and supports multi-year capacity-growth optionality.
Read all positive factors
China Resources Power Holdings Co (0836) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$96.71B
Dividend Yield6.03%
Average Volume (3M)13.14M
Price to Earnings (P/E)7.3
Beta (1Y)0.53
Revenue Growth2.19%
EPS Growth1.10%
CountryHK
Employees21,858
SectorUtilities
Sector Strength65
IndustryIndependent Power Producers
Share Statistics
EPS (TTM)2.56
Shares Outstanding5,177,057,600
10 Day Avg. Volume12,771,851
30 Day Avg. Volume13,138,915
Financial Highlights & Ratios
PEG Ratio-1.08
Price to Book (P/B)0.81
Price to Sales (P/S)0.88
P/FCF Ratio-16.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$21.69Price Target Upside13.58% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)2.39
Revenue Forecast (FY)HK$109.60B
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. It operates in two segments, Thermal Power and Renewable Ener...
How the Company Makes Money
China Resources Power primarily makes money by generating electricity and selling it to power grid companies under China’s regulated and market-based power trading frameworks. Its main revenue stream comes from electricity sales from thermal power...
China Resources Power Holdings Co Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
55
Neutral
Cash Flow
46
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 106.72B | 102.01B | 105.28B | 103.33B | 103.31B | 90.41B |
| Gross Profit | 25.11B | 26.72B | 50.01B | 45.34B | 14.19B | 7.12B |
| EBITDA | 38.62B | 39.14B | 38.96B | 34.39B | 27.98B | 20.71B |
| Net Income | 13.66B | 14.79B | 14.39B | 11.00B | 7.04B | 2.14B |
Balance Sheet | ||||||
| Total Assets | 453.17B | 409.36B | 362.46B | 322.40B | 283.39B | 287.97B |
| Cash, Cash Equivalents and Short-Term Investments | 33.35B | 11.88B | 5.83B | 4.08B | 7.72B | 7.93B |
| Total Debt | 241.55B | 223.76B | 194.16B | 166.86B | 139.59B | 135.73B |
| Total Liabilities | 297.67B | 286.64B | 242.51B | 217.85B | 193.50B | 191.13B |
| Stockholders Equity | 121.78B | 111.30B | 109.84B | 84.97B | 82.24B | 88.99B |
Cash Flow | ||||||
| Free Cash Flow | -3.15B | -5.47B | -16.00B | -9.91B | -12.46B | -21.22B |
| Operating Cash Flow | 37.47B | 41.70B | 33.70B | 28.87B | 20.12B | 4.47B |
| Investing Cash Flow | -40.80B | -47.34B | -52.07B | -43.99B | -33.85B | -19.97B |
| Financing Cash Flow | 26.38B | 11.23B | 20.40B | 11.83B | 10.16B | 14.73B |
China Resources Power Holdings Co Technical Analysis
Positive
19.10
Price Trends
18.39
Positive
18.83
Negative
18.24
Positive
Market Momentum
0.04
Negative
51.92
Neutral
36.58
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0836, the sentiment is Positive. The current price of 19.1 is above the 20-day moving average (MA) of 18.45, above the 50-day MA of 18.39, and above the 200-day MA of 18.24, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 51.92 is Neutral, neither overbought nor oversold. The STOCH value of 36.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0836.
China Resources Power Holdings Co Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$96.71B | 7.30 | 11.72% | 6.03% | 2.19% | 1.10% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
63 Neutral | HK$235.34B | 22.24 | 8.00% | 3.24% | -18.88% | 6.88% | |
63 Neutral | HK$62.85B | 11.41 | 8.84% | 6.50% | 12.74% | 6.35% | |
62 Neutral | HK$96.74B | 12.79 | 23.15% | 6.31% | 3.20% | 59.26% | |
54 Neutral | HK$114.57B | 11.83 | 13.54% | 8.03% | -3.23% | 7.26% | |
51 Neutral | HK$107.22B | 10.87 | 4.65% | 3.37% | -10.35% | -36.96% |
* Utilities Sector Average
HK:0836
China Resources Power Holdings Co
18.90
0.90
4.99%
HK:0991
Datang International Power Generation Co
2.72
0.42
18.31%
HK:1816
CGN Power Co
3.09
0.25
8.76%
HK:0916
China Longyuan Power Group
5.43
-2.29
-29.63%
HK:1071
Huadian Power International
4.06
-0.22
-5.16%
HK:0902
Huaneng Power International
5.77
0.15
2.63%
China Resources Power Holdings Co Corporate Events
China Resources New Energy Raises RMB24.5 Billion After Full Over-Allotment in Shenzhen IPO
Aug 6, 2026
China Resources Power announced the completion of the over-allotment option tied to the initial public offering of A shares in its subsidiary, China Resources New Energy Holdings, on the Shenzhen Stock Exchange. The over-allotment mechanism allowe...
China Resources New Energy Raises RMB24.5 Billion After A-Share Over-Allotment
Aug 3, 2026
China Resources New Energy Holdings Company Limited, the spin-off of China Resources Power Holdings Co., has completed the over-allotment process for its A-share initial public offering on the Shenzhen Stock Exchange. The mechanism was activated f...
China Resources Power Posts Strong H1 Generation Gains on Surging Solar Output
Jul 17, 2026
China Resources Power reported that total net generation from its subsidiary power plants in June 2026 rose 5.1% year on year to 19,353,280 MWh, with photovoltaic output surging 38.8% and wind generation falling 8.5% due to weaker wind speeds. Ove...
China Resources Power spins off new energy unit in Shenzhen A-share listing
Jun 30, 2026
China Resources Power Holdings has completed the spin-off and A-share listing of its subsidiary China Resources New Energy Holdings on the Main Board of the Shenzhen Stock Exchange, where it will trade under the stock code 001248.SZ from 2 July 20...
China Resources Power Advances Spin-Off and Shenzhen Listing of New Energy Unit
Jun 25, 2026
China Resources Power Holdings has confirmed the progress of the planned spin-off and listing of its subsidiary, China Resources New Energy Holdings, on the Main Board of the Shenzhen Stock Exchange. The move positions its new energy arm as a sepa...
China Resources Power Sets Final Offer Price for New Energy Unit’s Shenzhen Listing
Jun 18, 2026
China Resources Power Holdings has provided an update on the planned spin-off and A-share listing of its subsidiary, China Resources New Energy Holdings Company Limited, on the Shenzhen Stock Exchange. The new energy unit plans to offer 2,107,255,...
China Resources Power Sets Final 2025 Dividend and Confirms FX Option Details
Jun 18, 2026
China Resources Power Holdings has declared a final ordinary dividend of HKD 0.771 per share for the financial year ended 31 December 2025, following shareholder approval on 5 June 2026. Shareholders on the register as of 12 June 2026 are entitled...
China Resources Power Advances Spin-Off and Shenzhen Listing of Renewables Arm
Jun 10, 2026
China Resources Power Holdings has provided an update on the proposed spin-off and A-share listing of its renewable energy subsidiary, China Resources New Energy Holdings, on the main board of the Shenzhen Stock Exchange. The spin-off vehicle, inc...
China Resources Power Lifts Five-Month Generation as Solar Output Surges
Jun 10, 2026
China Resources Power reported that total net generation from its subsidiary power plants in May 2026 rose 12.2% year on year to 20,110,013 MWh, driven by a 39.6% increase in photovoltaic output to 1,593,551 MWh, while wind generation fell 3.3% to...
China Resources Power Wins Strong Shareholder Backing at AGM, Approves Final Dividend and Capital Mandates
Jun 5, 2026
China Resources Power Holdings Company Limited reported that all resolutions at its 5 June 2026 annual general meeting were approved by substantial majorities, including acceptance of the 2025 audited financial statements and a final dividend of H...
China Resources Power Wins CSRC Nod for Shenzhen Listing of New Energy Unit
May 15, 2026
China Resources Power Holdings has announced that China’s securities regulator has approved the registration application for its subsidiary, China Resources New Energy Holdings Company Limited, to list on the Main Board of the Shenzhen Stock...
China Resources Power Posts Strong Early-2026 Output on Surging Solar Generation
May 12, 2026
China Resources Power Holdings Company Limited is a Hong Kong-based power producer with a diversified generation portfolio spanning conventional plants, wind farms and photovoltaic facilities. Its operations are centered on supplying electricity t...
China Resources Power Updates Market on New Energy Unit Spin‑Off and A‑Share Listing
May 6, 2026
China Resources Power Holdings has provided an update on the planned spin‑off and Shenzhen A‑share listing of its subsidiary China Resources New Energy Holdings, disclosing the unit’s unaudited first‑quarter 2026 financials...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.