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China Resources Power Holdings Co
(0836)
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Rating:66Neutral
Price Target:
HK$22.00
â–²(15.18% 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
Solid Profitability
Healthy operating and net margins, together with materially higher earnings than in 2021–2022, indicate the core generation portfolio remains economically viable. This profitability provides an internal base for maintaining operations and funding selected growth even while revenue conditions are mixed.
Negative Factors
High and Rising Leverage
Debt remaining well above equity, with further growth in 2025, reduces financial flexibility and increases sensitivity to funding costs or weaker operating conditions. Higher leverage can constrain capital allocation and make it harder to finance additional generation capacity without relying on external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Solid Profitability
Healthy operating and net margins, together with materially higher earnings than in 2021–2022, indicate the core generation portfolio remains economically viable. This profitability provides an internal base for maintaining operations and funding selected growth even while revenue conditions are mixed.
Read all positive factors
China Resources Power Holdings Co (0836) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$103.13B
Dividend Yield5.48%
Average Volume (3M)7.65M
Price to Earnings (P/E)7.8
Beta (1Y)0.50
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. Volume6,554,850
30 Day Avg. Volume7,650,861
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)2.3
Revenue Forecast (FY)HK$109.48B
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 grid companies and/or through market-based power trading arrangements, depending on regional rules and contract structures. Key revenue streams typically inclu...
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
18.98
Positive
18.58
Positive
18.29
Positive
Market Momentum
-0.03
Positive
53.73
Neutral
33.81
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 below the 20-day moving average (MA) of 19.52, above the 50-day MA of 18.98, and above the 200-day MA of 18.29, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 53.73 is Neutral, neither overbought nor oversold. The STOCH value of 33.81 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$103.13B | 7.78 | 11.72% | 5.48% | 2.19% | 1.10% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
63 Neutral | HK$66.66B | 17.97 | 5.89% | 6.09% | 12.74% | 6.35% | |
62 Neutral | HK$260.38B | 22.40 | 8.63% | 2.87% | -16.31% | 21.48% | |
61 Neutral | HK$102.59B | 12.24 | 3.85% | 3.56% | -6.03% | -40.34% | |
55 Neutral | HK$125.94B | 25.10 | 7.10% | 7.44% | -3.23% | 7.26% | |
54 Neutral | HK$82.84B | 12.70 | 14.73% | 7.38% | 3.20% | 59.26% |
* Utilities Sector Average
HK:0836
China Resources Power Holdings Co
19.92
2.32
13.18%
HK:0991
Datang International Power Generation Co
2.51
0.29
12.96%
HK:1816
CGN Power Co
3.43
0.44
14.83%
HK:0916
China Longyuan Power Group
5.08
-1.94
-27.66%
HK:1071
Huadian Power International
4.25
-0.17
-3.89%
HK:0902
Huaneng Power International
6.11
0.14
2.35%
China Resources Power Holdings Co Corporate Events
China Resources Power Posts Strong Growth in Solar and Wind Generation in 2026
Oct 15, 2026
China Resources Power reported solid growth in electricity output from its subsidiary power plants in September 2026, underscoring the continued expansion of its generation portfolio. Total net generation rose 9.0% year on year to 19,723,615 MWh, ...
China Resources Power Posts Higher Generation, Led by Rapid Solar Growth
Sep 17, 2026
China Resources Power reported that total net generation from its subsidiary power plants in August 2026 rose 2.9% year on year to 22,628,047 MWh, driven by strong contributions from renewables. Net output from subsidiary wind farms increased 17.3...
China Resources Power Updates Board and Committee Structure
Aug 26, 2026
China Resources Power Holdings Company Limited has announced an updated composition of its board of directors, naming executives SHI Baofeng as chairman, WANG Bo as president and SONG Kui as vice chairman alongside non‑executive and independ...
China Resources Power Overhauls Board and Committees in Governance Reshuffle
Aug 26, 2026
China Resources Power Holdings Co. announced significant changes to its board and committee structure effective 26 August 2026, underscoring an ongoing reshaping of its governance framework. The power producer operates under Hong Kong listing rule...
China Resources Power Announces Interim Dividend and Currency Option
Aug 26, 2026
China Resources Power Holdings Company Limited has declared an interim ordinary dividend of HKD 0.321 per share for the six months ended 30 June 2026, for the financial year ending 31 December 2026. Shareholders may elect to receive the dividend i...
China Resources Power’s Interim Profit Falls as Renewable Earnings Slump, Thermal Power Strengthens
Aug 26, 2026
China Resources Power Holdings Co. reported that profit attributable to owners fell 15.5% year-on-year to HK$6.65 billion for the first half of 2026, despite turnover rising to HK$54.98 billion. Basic earnings per share slipped to HK$1.28, and the...
China Resources New Energy Posts Asset Growth but Profit Decline in Interim Results
Aug 25, 2026
China Resources Power has disclosed the unaudited interim financial results of its subsidiary China Resources New Energy for the six months ended 30 June 2026, highlighting a period of asset growth but weaker profitability. Total assets at China R...
China Resources Power lifts generation on strong solar output despite softer wind
Aug 17, 2026
China Resources Power reported that total net generation from its subsidiary power plants rose 1.9% year on year in July 2026 to 22,809,147 MWh, driven by a 14.0% increase in wind output to 4,474,362 MWh and an 18.0% rise in photovoltaic generatio...
China Resources Power Sets Board Meeting to Approve Interim Results and Consider Dividend
Aug 14, 2026
China Resources Power Holdings Company Limited, a Hong Kong-based electricity producer, delivers power generation and energy services through its subsidiary network to customers in mainland China and surrounding regions. The company is listed unde...
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...
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.