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CGN Power Co
(1816)
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Rating:62Neutral
Price Target:
HK$3.50
â–²(17.06% Upside)
Action:Reiterated
Date:10/29/26
The score is primarily constrained by financial fundamentals—especially deeply negative free cash flow and softer revenue—despite strong margins. Technicals are a supportive offset with the stock trading above key moving averages and positive momentum signals. Valuation is middling, with a higher P/E only partly balanced by a ~3% dividend yield.
Positive Factors
Strong Profitability
High gross and net margins, combined with net income staying above RMB 10B across most periods, indicate a profitable operating model. This earnings base can support ongoing plant operations and investment while providing resilience even as revenue growth moderates.
Negative Factors
Revenue Contraction
The repeated decline in revenue indicates weaker top-line momentum rather than a single isolated quarter. Sustained contraction can limit future earnings growth, reduce operating leverage, and make it harder for the company to expand its profit base over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Profitability
High gross and net margins, combined with net income staying above RMB 10B across most periods, indicate a profitable operating model. This earnings base can support ongoing plant operations and investment while providing resilience even as revenue growth moderates.
Read all positive factors
CGN Power Co (1816) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$260.38B
Dividend Yield2.87%
Average Volume (3M)54.67M
Price to Earnings (P/E)22.4
Beta (1Y)0.31
Revenue Growth-16.31%
EPS Growth21.48%
CountryHK
Employees22,928
SectorUtilities
Sector Strength65
IndustryIndependent Power Producers
Share Statistics
EPS (TTM)0.21
Shares Outstanding11,163,625,000
10 Day Avg. Volume67,681,987
30 Day Avg. Volume54,665,821
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$3.92Price Target Upside31.05% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)0.21
Revenue Forecast (FY)HK$77.48B
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...
CGN Power Co Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
56
Neutral
Cash Flow
41
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 66.62B | 75.70B | 86.80B | 82.55B | 82.82B | 80.68B |
| Gross Profit | 25.95B | 24.22B | 29.41B | 29.69B | 27.54B | 26.78B |
| EBITDA | 29.48B | 32.81B | 38.34B | 38.18B | 34.19B | 34.76B |
| Net Income | 10.74B | 9.77B | 10.81B | 10.72B | 9.96B | 9.76B |
Balance Sheet | ||||||
| Total Assets | 605.07B | 506.24B | 425.40B | 415.25B | 409.02B | 399.99B |
| Cash, Cash Equivalents and Short-Term Investments | 24.28B | 20.84B | 16.79B | 15.58B | 14.84B | 15.83B |
| Total Debt | 361.52B | 279.79B | 199.34B | 207.29B | 206.42B | 210.49B |
| Total Liabilities | 411.91B | 328.08B | 253.08B | 249.95B | 251.09B | 249.08B |
| Stockholders Equity | 127.29B | 123.24B | 119.44B | 113.24B | 107.03B | 100.91B |
Cash Flow | ||||||
| Free Cash Flow | -17.39B | -2.06B | 18.35B | 18.87B | 19.53B | 20.47B |
| Operating Cash Flow | 37.86B | 31.11B | 38.02B | 33.12B | 31.37B | 34.91B |
| Investing Cash Flow | -54.85B | -33.05B | -20.17B | -12.51B | -14.38B | -14.57B |
| Financing Cash Flow | 11.84B | 6.14B | -17.97B | -19.09B | -20.90B | -17.49B |
CGN Power Co Technical Analysis
Positive
2.99
Price Trends
3.09
Positive
2.96
Positive
3.08
Positive
Market Momentum
0.08
Negative
75.14
Negative
39.28
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 below the 20-day moving average (MA) of 3.23, below the 50-day MA of 3.09, and below the 200-day MA of 3.08, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 75.14 is Negative, neither overbought nor oversold. The STOCH value of 39.28 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$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:1816
CGN Power Co
3.43
0.44
14.83%
HK:0991
Datang International Power Generation Co
2.51
0.29
12.96%
HK:0916
China Longyuan Power Group
5.08
-1.94
-27.66%
HK:0836
China Resources Power Holdings Co
19.92
2.32
13.18%
HK:1071
Huadian Power International
4.25
-0.17
-3.89%
HK:0902
Huaneng Power International
6.11
0.14
2.35%
CGN Power Co Corporate Events
CGN Power publishes unaudited Q3 2026 results under PRC accounting standards
Oct 28, 2026
CGN Power Co., Ltd. has released its unaudited third quarterly report for 2026, disclosing financial results for the nine months ended 30 September 2026 prepared under China Accounting Standards for Business Enterprises. The report, published on t...
CGN Power lifts nuclear output on new units and shorter outages
Oct 13, 2026
CGN Power reported that its nuclear power generating units produced about 189,698 GWh of electricity in the first nine months of 2026, up 3.76% year on year, with commercial on-grid output rising 2.65% to roughly 176,749 GWh. The increase reflects...
CGN Power Sets Board Meeting to Approve Q3 2026 Results
Oct 12, 2026
CGN Power Co., Ltd. is a China-incorporated joint stock company listed in Hong Kong, operating in the nuclear power generation industry. The group focuses on developing, operating, and managing nuclear power plants and related energy assets throug...
CGN Power Secures Joint Venture Platform for New Lufeng Nuclear Units
Oct 9, 2026
CGN Power Co., Ltd. has advanced its expansion in nuclear generation by completing the establishment of a new joint venture, CGN Yueshan (Lufeng) Nuclear Power Co., Ltd., to develop, construct and operate the Lufeng Unit 3 and Unit 4 nuclear power...
CGN Power to Lead RMB38 Billion Joint Venture for New Lufeng Nuclear Units
Sep 24, 2026
CGN Power Co. has agreed to form a joint venture, Yueshan Nuclear Power, with a consortium of partners including CFHI, Lufeng Investment Holding, Ming Yang Group, Jiuli Group, Jiuli Hi-Tech Metals and Ningde Times Zhaoqing to develop, construct an...
CGN Power Raises RMB1.8 Billion via Dual Tranche Medium-Term Notes
Sep 23, 2026
CGN Power Co., Ltd., a major Chinese nuclear power producer listed in Hong Kong, has access to a range of onshore debt instruments under its registered multi-denominated financing program in the PRC interbank market. The group leverages this platf...
CGN Power Delays New Board Election to Ensure Continuity
Sep 18, 2026
CGN Power Co., Ltd. has announced that the election of its new board of directors session will be postponed beyond the scheduled expiry of the current fourth session on October 8, 2026, because the nomination process for new board candidates has n...
CGN Power Raises RMB2 Billion via Dual Medium-Term Note Issuance
Sep 17, 2026
CGN Power has issued its seventh and eighth tranches of medium-term notes for 2026 in the PRC interbank debenture market, raising a total of RMB2.0 billion. Each tranche carries a five-year maturity, a par value of RMB100 per note and an annual in...
CGN Power to Start Full-Scale Construction of 1,214MW Zhaoyuan Unit 2
Sep 4, 2026
CGN Power Co., Ltd. has announced that full-scale construction of Zhaoyuan Unit 2 at its subsidiary Shandong Zhaoyuan Nuclear Power Co., Ltd. will begin on September 5, 2026, marked by the first concrete date for the reactor’s main plant and...
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...
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.