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Concord New Energy Group
(0182)
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Rating:57Neutral
Price Target:
HK$0.43
▲(34.06% Upside)
Action:Reiterated
Date:06/03/26
The score is held back primarily by weakened profitability, persistently negative free cash flow, and elevated/rising leverage, despite strong 2025 revenue growth and improved operating cash flow. Technicals are supportive with price above major moving averages and positive momentum indicators, while valuation is mixed—high yield helps, but a negative P/E signals earnings instability.
Positive Factors
Renewable-focused business model
The firm's ownership and operation of wind power projects aligns with long-term structural demand for renewables and decarbonization. Asset ownership provides recurring power-sale revenue streams and operational control, supporting durable cash generation as capacity is commissioned and operated.
Negative Factors
Elevated and rising leverage
High and increasing debt-to-equity raises refinancing and interest-rate exposure for this capital-intensive operator. Elevated leverage narrows financial flexibility, amplifies earnings volatility from rate moves or lower generation, and increases the cost of funding future project rollouts or distress risk in downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Renewable-focused business model
The firm's ownership and operation of wind power projects aligns with long-term structural demand for renewables and decarbonization. Asset ownership provides recurring power-sale revenue streams and operational control, supporting durable cash generation as capacity is commissioned and operated.
Read all positive factors
Concord New Energy Group (0182) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$3.21B
Dividend Yield10.94%
Average Volume (3M)13.59M
Price to Earnings (P/E)―
Beta (1Y)0.43
Revenue Growth-7.61%
EPS Growth-82.95%
CountryHK
Employees814
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding7,863,599,000
10 Day Avg. Volume16,815,794
30 Day Avg. Volume13,589,674
Financial Highlights & Ratios
PEG Ratio-0.20
Price to Book (P/B)0.26
Price to Sales (P/S)0.89
P/FCF Ratio-3.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$0.49Price Target Upside53.12% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.06
Revenue Forecast (FY)HK$2.39B
Concord New Energy Group Business Overview & Revenue Model
Company Description
Concord New Energy Group Limited, an investment holding company established in 2006, is dedicated to power generation across the People's Republic of China and internationally. Operating under its current name since March 2015, having previously b...
How the Company Makes Money
The company primarily makes money by generating and selling electricity from its wind power projects. Revenue is typically earned through (1) power sales: electricity produced by operating wind farms is sold to grid companies/market counterparties...
Concord New Energy Group Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
46
Neutral
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.54B | 2.45B | 2.25B | 2.68B | 2.20B |
| Gross Profit | 1.04B | 1.21B | 1.06B | 1.59B | 1.31B |
| EBITDA | 1.74B | 1.83B | 2.37B | 2.25B | 1.87B |
| Net Income | 139.72M | 805.13M | 963.77M | 871.82M | 787.53M |
Balance Sheet | |||||
| Total Assets | 33.17B | 32.13B | 31.24B | 27.17B | 24.04B |
| Cash, Cash Equivalents and Short-Term Investments | 1.31B | 1.75B | 2.60B | 3.61B | 3.52B |
| Total Debt | 18.96B | 16.65B | 16.69B | 14.05B | 11.59B |
| Total Liabilities | 24.51B | 23.22B | 22.80B | 19.08B | 16.48B |
| Stockholders Equity | 8.52B | 8.71B | 8.28B | 7.83B | 7.40B |
Cash Flow | |||||
| Free Cash Flow | -699.89M | -2.31B | -2.61B | -1.96B | -1.84B |
| Operating Cash Flow | 2.29B | 2.19B | 1.58B | 2.40B | 1.29B |
| Investing Cash Flow | -2.71B | -3.42B | -4.59B | -3.77B | -1.95B |
| Financing Cash Flow | -376.55M | 525.04M | 1.97B | 1.28B | 1.89B |
Concord New Energy Group Technical Analysis
Neutral
0.32
Price Trends
0.40
Positive
0.34
Positive
0.35
Positive
Market Momentum
<0.01
Positive
48.35
Neutral
29.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0182, the sentiment is Neutral. The current price of 0.32 is below the 20-day moving average (MA) of 0.44, below the 50-day MA of 0.40, and below the 200-day MA of 0.35, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 48.35 is Neutral, neither overbought nor oversold. The STOCH value of 29.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0182.
Concord New Energy Group Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$7.50B | 6.72 | 7.71% | 4.83% | 9.03% | 35.92% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
61 Neutral | HK$16.24B | 4.74 | 8.35% | 6.71% | 1.51% | -9.44% | |
58 Neutral | HK$119.70B | 9.06 | 5.62% | 5.33% | -13.95% | -25.30% | |
57 Neutral | HK$3.21B | -1,197.55 | 6.80% | 10.94% | -7.61% | -82.95% | |
52 Neutral | HK$9.09B | 6.66 | 5.97% | 6.26% | -0.05% | -37.87% | |
43 Neutral | HK$1.58B | -0.90 | -35.49% | ― | -4.27% | -174.28% |
* Utilities Sector Average
HK:0182
Concord New Energy Group
0.42
-0.10
-18.63%
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0.49
122.50%
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Xinyi Energy Holdings Limited
0.88
-0.21
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Beijing Jingneng Clean Energy Co., Ltd. Class H
1.97
-0.39
-16.53%
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China Datang Corp. Renewable Power Co. Ltd. Class H
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-1.10
-46.72%
Concord New Energy Group Corporate Events
Concord New Energy wins shareholder approval for key finance lease deal
Jun 26, 2026
Concord New Energy Group shareholders have approved a finance lease agreement at a special general meeting held on 26 June 2026, with 92.74% of the 3.78 billion votes cast in favour and 7.26% against. The resolution’s passage, overseen by Tr...
Concord New Energy Shareholders Approve All AGM Resolutions, Back Dividend and Capital Mandates
Jun 25, 2026
Concord New Energy Group reported that all ordinary resolutions at its 25 June 2026 annual general meeting were approved by poll, including the adoption of the 2025 audited financial statements, re-election of four directors and authorization for ...
Concord New Energy Shareholders Approve New Share Scheme at Special Meeting
Jun 25, 2026
Concord New Energy Group shareholders have approved the adoption of a new share scheme and its mandate limit at a special general meeting held on 25 June 2026. The resolution passed with approximately 78% of votes in favour and 22% against, based ...
Concord New Energy calls special meeting to approve finance lease deal
Jun 9, 2026
Concord New Energy Group has called a special general meeting on 26 June 2026 in Hong Kong for shareholders to vote on approving a Finance Lease Agreement and related transactions, including a provision that allows the lessee to request early term...
Concord New Energy calls special meeting to approve new share scheme
Jun 8, 2026
Concord New Energy Group has called a special general meeting in Hong Kong on 25 June 2026, to be held immediately after its annual general meeting, to seek shareholder approval for a new share scheme. The proposal authorises directors to grant op...
Concord New Energy Sets Final Dividend and Key Dates for FY2025 Payout
Jun 2, 2026
Concord New Energy Group Limited has announced a final ordinary cash dividend of HKD 0.003 per share for the financial year ended 31 December 2025, payable in Hong Kong dollars. The dividend will be subject to shareholder approval at the annual ge...
Concord New Energy Sets 2026 AGM to Approve Dividend and Renew Capital Mandate
Jun 1, 2026
Concord New Energy Group has called its annual general meeting for 25 June 2026 in Hong Kong, where shareholders will vote on adopting the 2025 audited financial statements, re-electing four retiring directors, approving their remuneration, and de...
Concord New Energy Seals RMB840 Million Finance Lease to Refinance Existing Assets
May 29, 2026
Concord New Energy Group has entered into a major finance lease arrangement under which Industrial Bank Financial Leasing will purchase certain leased assets from a group subsidiary for RMB840 million and lease them back to the company. The deal v...
Concord New Energy to Buy 120MW of Solar Equipment in RMB198 Million Deal
May 8, 2026
Concord New Energy Group’s wholly owned subsidiary Tianjin Huaxing has agreed to purchase photovoltaic power equipment with a total capacity of 120MW from CCEB for approximately RMB197.93 million, to be deployed in a specified project. The d...
Concord New Energy Secures 1GW ERCOT Capacity for Texas AI-Ready Data Center Push
Apr 16, 2026
Concord New Energy Group has secured approval from the Electric Reliability Council of Texas for 1 gigawatt of grid power capacity to support its planned data center development, colocated with an existing utility-scale solar and battery storage p...
Concord New Energy Posts Lower Wind and Solar Output in March 2026
Apr 8, 2026
Concord New Energy Group reported its attributable power generation output for March 2026, showing a notable decline across its wind and solar portfolios compared with the previous year. The company remains focused on wind power as its core genera...
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.