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CGN New Energy Holdings Co., Ltd.
(1811)
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Rating:57Neutral
Price Target:
HK$2.00
▼(-20.95% Downside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by financial risk factors—high leverage and negative free cash flow—along with a generally weak technical setup (below key moving averages and slightly negative MACD). These are partially offset by very attractive valuation metrics (low P/E and strong dividend yield).
Positive Factors
Solid operating profitability
Strong 2025 EBITDA and net margins indicate that the operating portfolio can convert generation revenue into meaningful earnings. The increase in net income despite lower revenue provides some resilience, although sustaining profitability will depend on stabilizing revenue and margins.
Negative Factors
Multi-year revenue and margin pressure
Repeated revenue contraction points to weaker top-line momentum across several reporting periods rather than a temporary fluctuation. The sharp gross-margin decline further suggests pressure from pricing, business mix, or costs, making future earnings growth less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Solid operating profitability
Strong 2025 EBITDA and net margins indicate that the operating portfolio can convert generation revenue into meaningful earnings. The increase in net income despite lower revenue provides some resilience, although sustaining profitability will depend on stabilizing revenue and margins.
Read all positive factors
CGN New Energy Holdings Co., Ltd. (1811) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$8.88B
Dividend Yield8.57%
Average Volume (3M)3.87M
Price to Earnings (P/E)5.9
Beta (1Y)0.65
Revenue Growth-11.61%
EPS Growth-14.58%
CountryHK
Employees1,815
SectorUtilities
Sector Strength65
IndustryIndependent Power Producers
Share Statistics
EPS (TTM)0.04
Shares Outstanding4,289,924,000
10 Day Avg. Volume3,112,800
30 Day Avg. Volume3,869,233
Financial Highlights & Ratios
PEG Ratio0.45
Price to Book (P/B)0.73
Price to Sales (P/S)0.81
P/FCF Ratio-12.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$2.76Price Target Upside9.09% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.06
Revenue Forecast (FY)HK$2.01B
CGN New Energy Holdings Co., Ltd. Business Overview & Revenue Model
Company Description
CGN New Energy Holdings Co., Ltd., together with its subsidiaries, generates and supplies electricity and steam in the People’s Republic of China and Republic of Korea. The company operates wind, solar, gas-fired, coal-fired, oil-fired, hydro, cog...
How the Company Makes Money
CGN New Energy Holdings Co., Ltd. primarily makes money by investing in and operating renewable power generation assets and selling the electricity those assets produce. Key revenue streams typically include: (1) Electricity sales from operating w...
CGN New Energy Holdings Co., Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
46
Neutral
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.61B | 1.70B | 1.95B | 2.19B | 2.43B | 1.78B |
| Gross Profit | 598.33M | 668.72M | 1.17B | 1.17B | 1.14B | 948.62M |
| EBITDA | 821.16M | 865.39M | 896.23M | 904.55M | 930.71M | 751.79M |
| Net Income | 194.44M | 276.28M | 248.02M | 267.69M | 195.15M | 244.27M |
Balance Sheet | ||||||
| Total Assets | 9.36B | 9.09B | 8.72B | 8.35B | 8.34B | 8.73B |
| Cash, Cash Equivalents and Short-Term Investments | 249.33M | 233.10M | 158.38M | 301.67M | 455.00M | 378.14M |
| Total Debt | 5.78B | 6.55B | 6.37B | 5.91B | 5.93B | 6.30B |
| Total Liabilities | 7.30B | 7.06B | 6.96B | 6.66B | 6.84B | 7.24B |
| Stockholders Equity | 1.89B | 1.87B | 1.62B | 1.54B | 1.36B | 1.37B |
Cash Flow | ||||||
| Free Cash Flow | 92.97M | -110.32M | -423.80M | 36.92M | 279.61M | -913.12M |
| Operating Cash Flow | 634.07M | 641.23M | 502.63M | 681.55M | 642.38M | 346.64M |
| Investing Cash Flow | -569.62M | -697.37M | -934.73M | -611.18M | -373.16M | -1.28B |
| Financing Cash Flow | -229.04M | -49.55M | 297.02M | -212.55M | -173.38M | 906.39M |
CGN New Energy Holdings Co., Ltd. Technical Analysis
Positive
2.53
Price Trends
2.06
Positive
2.14
Negative
2.32
Negative
Market Momentum
>-0.01
Positive
52.05
Neutral
40.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1811, the sentiment is Positive. The current price of 2.53 is above the 20-day moving average (MA) of 2.06, above the 50-day MA of 2.06, and above the 200-day MA of 2.32, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 52.05 is Neutral, neither overbought nor oversold. The STOCH value of 40.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1811.
CGN New Energy Holdings Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
61 Neutral | HK$102.59B | 12.24 | 3.85% | 3.56% | -6.03% | -40.34% | |
58 Neutral | HK$26.40B | 17.24 | 6.99% | 7.02% | -6.66% | 0.97% | |
57 Neutral | HK$8.88B | 5.89 | 10.35% | 8.57% | -11.61% | -14.58% | |
49 Neutral | HK$6.47B | 23.31 | 3.02% | 7.64% | -5.89% | -85.93% | |
46 Neutral | HK$121.98M | -0.24 | 24.82% | ― | ― | ― | |
41 Neutral | HK$664.90M | -0.46 | -185.82% | ― | -46.74% | -71.88% |
* Utilities Sector Average
HK:1811
CGN New Energy Holdings Co., Ltd.
2.07
-0.49
-19.20%
HK:0916
China Longyuan Power Group
5.08
-1.94
-27.66%
HK:1165
Shunfeng International Clean Energy
0.02
<0.01
26.32%
HK:0451
GCL New Energy Holdings
0.38
-0.38
-50.00%
HK:1798
China Datang Corp. Renewable Power Co. Ltd. Class H
0.89
-1.42
-61.51%
HK:0956
China Suntien Green Energy Corporation Limited Class H
3.28
-0.75
-18.69%
CGN New Energy Holdings Co., Ltd. Corporate Events
CGN New Energy Seeks Shareholder Nod on New Long-Term Financial Frameworks
Sep 14, 2026
CGN New Energy Holdings Co., Ltd. has called a special general meeting for 15 October 2026 in Hong Kong to seek shareholder approval for two new financial services framework agreements with CGNPC Huasheng and CGN Finance. The resolutions would emp...
CGN New Energy Posts Strong August Output but Slight Year-To-Date Decline
Sep 11, 2026
CGN New Energy reported that consolidated power generation in August 2026 rose 15.1% year on year to 1,776.3 GWh, driven by strong growth in PRC wind projects and Korean operations. The surge reflected significant output increases at wind farms in...
CGN New Energy Declares Interim Dividend for First Half of 2026
Aug 26, 2026
CGN New Energy Holdings declared an interim ordinary cash dividend of USD 0.0067 per share for the six months ended 30 June 2026, for the financial year ending 31 December 2026. The dividend will be paid in Hong Kong dollars at HKD 0.052 per share...
CGN New Energy Launches HK$121 Million Share Buyback Plan
Aug 26, 2026
CGN New Energy Holdings will implement a share repurchase plan under its existing mandate, authorising buybacks of up to about HK$121 million, or roughly 1% of its total issued share capital, over the next 12 months. The purchases will be funded f...
CGN New Energy renews connected-party financial services deals, seeks independent shareholder nod
Aug 26, 2026
CGN New Energy Holdings has entered into new financial services framework agreements with CGNPC Huasheng and CGN Finance, replacing existing arrangements that expire at the end of 2026 and covering deposit and other financial services for the grou...
CGN New Energy Profit Halves on Weaker China Wind Output as Dividend Resumes
Aug 26, 2026
CGN New Energy reported interim 2026 revenue of US$772.8 million, down 9.8% year-on-year, with profit attributable to equity shareholders plunging 49.8% to US$82.1 million. Earnings per share fell to 1.91 US cents as weaker tariffs and power gener...
CGN New Energy Sets Board Meeting to Approve Interim Results and Consider Dividend
Aug 14, 2026
CGN New Energy Holdings Co., Ltd. has scheduled a board meeting for 26 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The directors will also consider whether to declare an interim dividend for 2026, a...
CGN New Energy Sees July Power Output Decline as Wind and Gas Weaken
Aug 12, 2026
CGN New Energy reported consolidated power generation of 1,635.6GWh in July 2026, down 5.5% year-on-year, with weaker wind speeds in key Chinese regions and lower dispatch from its Hubei gas-fired project driving declines in PRC wind and gas outpu...
CGN New Energy flags sharp interim profit slump on weaker China wind performance
Aug 11, 2026
CGN New Energy Holdings has warned that profit attributable to equity shareholders for the first half of 2026 is expected to fall by about 49.8% year on year. The decline is mainly linked to lower tariffs and reduced power generation from its main...
CGN New Energy’s June Output Slips as Wind Weakens, Solar Surges
Jul 13, 2026
CGN New Energy reported consolidated power generation of 1,331.5 GWh in June 2026, down 5.1% year on year, as weaker wind resources and lower dispatched hydro output outweighed strong solar and gas-fired performance. The group’s PRC wind gen...
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.