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CGN Power Co
(1816)
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Rating:63Neutral
Price Target:
HK$3.00
â–²(0.33% Upside)
Action:Reiterated
Date:08/27/26
The score is primarily held back by weakened cash generation (negative free cash flow in 2025 and TTM) and recent revenue contraction, despite solid profitability. Technicals are moderately constructive (above key short-term moving averages with positive momentum), while valuation is fair with a moderate dividend yield but a not-low P/E.
Positive Factors
Solid Profitability
TTM net margin around 14.6% and stable net income show the nuclear generation model is currently profitable. Sustained operating profitability provides a base for funding safety, maintenance and growth, even though revenue growth is weak.
Negative Factors
Negative Free Cash Flow
Persistent negative free cash flow means internal cash generation is not currently funding capital requirements. For a capital-intensive nuclear operator, this can increase reliance on debt or other financing and limit flexibility for projects and maintenance.
Read all positive and negative factors
Positive Factors
Negative Factors
Solid Profitability
TTM net margin around 14.6% and stable net income show the nuclear generation model is currently profitable. Sustained operating profitability provides a base for funding safety, maintenance and growth, even though revenue growth is weak.
Read all positive factors
CGN Power Co (1816) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$232.39B
Dividend Yield3.17%
Average Volume (3M)40.34M
Price to Earnings (P/E)21.9
Beta (1Y)0.37
Revenue Growth-18.88%
EPS Growth6.88%
CountryHK
Employees24,336
SectorUtilities
Sector Strength65
IndustryIndependent Power Producers
Share Statistics
EPS (TTM)0.20
Shares Outstanding11,163,625,000
10 Day Avg. Volume55,106,108
30 Day Avg. Volume40,336,646
Financial Highlights & Ratios
PEG Ratio-1.45
Price to Book (P/B)1.08
Price to Sales (P/S)1.76
P/FCF Ratio-64.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$3.66Price Target Upside22.46% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)0.21
Revenue Forecast (FY)HK$78.06B
CGN Power Co Business Overview & Revenue Model
Company Description
CGN Power Co., Ltd. operates and manages nuclear power stations and sells the electricity generated by these stations in the People’s Republic of China. It also provides construction, installation, design, and related technical services, as well a...
How the Company Makes Money
CGN Power primarily makes money by generating electricity at its nuclear power plants and selling that electricity to power grid companies under applicable regulatory/contractual arrangements. Its main revenue stream is electricity sales, where re...
CGN Power Co Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
64
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 67.56B | 75.70B | 86.80B | 82.55B | 82.82B | 80.68B |
| Gross Profit | 24.37B | 24.22B | 29.41B | 29.69B | 27.54B | 26.78B |
| EBITDA | 29.15B | 32.81B | 37.76B | 38.18B | 33.87B | 34.41B |
| Net Income | 9.86B | 9.77B | 10.81B | 10.72B | 9.96B | 9.76B |
Balance Sheet | ||||||
| Total Assets | 591.51B | 506.24B | 425.40B | 415.25B | 409.02B | 399.99B |
| Cash, Cash Equivalents and Short-Term Investments | 19.50B | 20.84B | 16.79B | 15.58B | 14.84B | 15.83B |
| Total Debt | 353.78B | 279.79B | 199.34B | 207.29B | 206.42B | 210.49B |
| Total Liabilities | 402.03B | 328.08B | 253.08B | 249.95B | 251.09B | 249.08B |
| Stockholders Equity | 123.71B | 123.24B | 119.44B | 113.24B | 107.03B | 100.91B |
Cash Flow | ||||||
| Free Cash Flow | -16.27B | -2.06B | 18.35B | 18.87B | 19.53B | 20.47B |
| Operating Cash Flow | 33.70B | 31.11B | 38.02B | 33.12B | 31.37B | 34.91B |
| Investing Cash Flow | -51.14B | -33.05B | -20.17B | -12.51B | -14.38B | -14.57B |
| Financing Cash Flow | 15.15B | 6.14B | -17.97B | -19.09B | -20.90B | -17.49B |
CGN Power Co Technical Analysis
Positive
2.99
Price Trends
2.87
Positive
3.00
Positive
3.04
Positive
Market Momentum
0.06
Negative
65.32
Neutral
78.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1816, the sentiment is Positive. The current price of 2.99 is above the 20-day moving average (MA) of 2.94, above the 50-day MA of 2.87, and below the 200-day MA of 3.04, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 65.32 is Neutral, neither overbought nor oversold. The STOCH value of 78.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1816.
CGN Power Co Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$99.19B | 7.35 | 11.72% | 5.81% | 2.19% | 1.10% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
63 Neutral | HK$232.39B | 21.93 | 8.00% | 3.17% | -18.88% | 6.88% | |
63 Neutral | HK$63.70B | 11.51 | 8.12% | 6.30% | 12.74% | 6.35% | |
62 Neutral | HK$101.68B | 13.79 | 23.15% | 6.78% | 3.20% | 59.26% | |
54 Neutral | HK$118.22B | 11.98 | 13.54% | 7.88% | -3.23% | 7.26% | |
51 Neutral | HK$108.35B | 11.07 | 4.65% | 3.32% | -10.35% | -36.96% |
* Utilities Sector Average
HK:1816
CGN Power Co
3.11
0.24
8.36%
HK:0991
Datang International Power Generation Co
2.73
0.49
21.82%
HK:0916
China Longyuan Power Group
5.45
-2.37
-30.32%
HK:0836
China Resources Power Holdings Co
18.81
1.06
5.95%
HK:1071
Huadian Power International
4.11
-0.26
-5.86%
HK:0902
Huaneng Power International
5.77
0.11
1.89%
CGN Power Co Corporate Events
CGN Power Raises RMB2 Billion via Dual Tranche Medium-Term Notes to Refinance Subsidiary Debt
Aug 25, 2026
CGN Power Co., Ltd. has issued the fifth and sixth tranches of its 2026 medium-term notes in China’s interbank debenture market, each tranche amounting to RMB1.0 billion with a five-year maturity and a coupon rate of 1.70 percent. Bank of Ch...
CGN Power H1 2026 Profit Rises Despite Lower Revenue and Output
Aug 25, 2026
CGN Power reported interim results showing operating revenue of RMB31.48 billion for the first half of 2026, down 2.8% year-on-year, while net profit attributable to shareholders rose 2.7% to RMB6.11 billion. Excluding non-recurring gains or losse...
CGN Power Raises RMB3.6 Billion via 2026 Medium-Term Notes
Aug 21, 2026
CGN Power Co., Ltd. has issued the third and fourth tranches of its 2026 medium-term notes in the PRC interbank debenture market, each tranche totaling RMB1.8 billion with a three-year maturity and an interest rate of 1.56%. China Construction Ban...
CGN Power Sets Board Meeting to Approve 2026 Interim Results
Aug 10, 2026
CGN Power Co., Ltd. has scheduled a board meeting for August 25, 2026 to review and approve the interim results of the company and its subsidiaries for the six months ended June 30, 2026. The meeting will also consider the related results announce...
CGN Power Shareholders Approve New Independent Directors at 2026 EGM
Aug 3, 2026
CGN Power Co., Ltd. reported that its 2026 second extraordinary general meeting was held in Shenzhen on August 3, 2026, with shareholders representing about 75.6% of issued share capital participating. The meeting was confirmed to be legally conve...
CGN Power Details Board and Committee Structure to Strengthen Governance
Aug 3, 2026
CGN Power Co. has announced the composition of its board of directors and detailed the roles and functions of each member across key board committees. The structure highlights dedicated oversight in audit and risk management, remuneration, nominat...
CGN Power’s Huizhou Unit 2 Cleared for Commercial Operation, Lifting Nuclear Capacity
Aug 3, 2026
CGN Power announced that Unit 2 of its subsidiary CGN Huizhou Nuclear Power Co., Ltd. has completed all commissioning work as of August 3, 2026, and has been qualified for commercial operation, pending completion of routine regulatory procedures s...
CGN Power Wins State Council Nod for Two New Huizhou Nuclear Units
Jul 31, 2026
CGN Power said the State Council has approved construction of Huizhou Unit 5 and Unit 6 under its subsidiary CGN Huizhou No. 3 Nuclear Power Co., Ltd., marking another expansion of the group’s nuclear generation capacity in Guangdong. The tw...
CGN Power Secures Benchmark Tariffs for New Nuclear Units in Zhejiang and Guangdong
Jul 20, 2026
CGN Power Co. has secured new on-grid tariff arrangements for two nuclear power projects in Zhejiang and Guangdong, covering Cangnan Units 1 and 2 and Huizhou Units 1 and 2 during their commercial operation periods. Both projects will apply an adm...
CGN Power Sees Lower H1 Output as New Nuclear Units Come Online
Jul 10, 2026
CGN Power reported that its nuclear power generation for January to June 2026 reached about 117,766 GWh, down 2.12% year on year, with commercial on-grid output falling 3.32% to roughly 109,597 GWh. The decline reflects longer refuelling outages a...
CGN Power Calls August EGM to Strengthen Board Independence
Jul 10, 2026
CGN Power has called its 2026 second extraordinary general meeting for August 3, 2026 in Shenzhen to seek shareholder approval for board changes. The meeting will be conducted by poll in line with Hong Kong Listing Rules, with detailed arrangement...
CGN Power Moves to Refresh Independent Board Seats Under Regulatory Tenure Limits
Jul 2, 2026
CGN Power Co., Ltd. has announced governance changes following the receipt of resignation applications from independent non-executive directors Mr. Li Fuyou and Ms. Xu Hua, driven by regulatory tenure limits and personal career plans. Their depart...
CGN Power Cuts Convertible Bond Conversion Price After 2025 Dividend Plan
Jul 2, 2026
CGN Power Co., Ltd. has announced an adjustment to the conversion price of its A Share convertible corporate bonds following the approval of its 2025 profit distribution plan. The RMB4.9 billion bonds, issued in July 2025 to non-specific investors...
CGN Power announces resignations of two independent directors
Jun 30, 2026
CGN Power Co., Ltd. announced the resignations of independent non-executive directors Mr. Li Fuyou and Ms. Xu Hua, with Li stepping down to comply with China Securities Regulatory Commission rules limiting independent director tenure to six years ...
CGN Power Revamps Hong Kong Governance Team and Relocates Principal Office
Jun 30, 2026
CGN Power Co., Ltd. announced that joint company secretary and authorized representative Ms. Ng Sau Mei will step down on 1 July 2026 due to work arrangements, with no disagreements with the board reported. She will be replaced by Ms. Oh Sim Yee, ...
CGN Power Makes Cangnan Nuclear Units Subsidiaries After Completing Equity Acquisition
Jun 30, 2026
CGN Power Co., Ltd. has completed the acquisition of significant equity stakes in CGN Cangnan Nuclear Power Co., Ltd. and CGN Cangnan Second Nuclear Power Co., Ltd., turning both entities into subsidiaries as of June 30, 2026, following shareholde...
CGN Power Shareholders Approve Connected Nuclear Asset Acquisition at 2026 EGM
Jun 18, 2026
CGN Power Co. reported that its first extraordinary general meeting of 2026, held in Shenzhen on June 18, was duly convened in compliance with PRC laws, Hong Kong and Shenzhen listing rules, and the company’s articles, with the board, senior...
CGN Power Restarts Taishan Unit 2 After Extended Refuelling and Safety Checks
Jun 2, 2026
CGN Power said its Taishan Unit 2 nuclear reactor has successfully completed an extended annual refuelling outage that included additional inspections and tests aimed at strengthening long-term stability. All operating parameters now meet nuclear ...
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.