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China Resources Power Holdings Co Ltd (HK:0836)
:0836

China Resources Power Holdings Co (0836) AI Stock Analysis

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HK

China Resources Power Holdings Co

(OTC:0836)

Rating:72Outperform
Price Target:
HK$21.00
▲(10.53%Upside)
The stock's overall score benefits from strong financial performance, particularly profitable margins and effective cost management despite concerns over leverage. Valuation is a significant positive, with a low P/E ratio and high dividend yield indicating potential undervaluation. However, technical indicators suggest a lack of bullish momentum, which tempers the overall score.
Positive Factors
Profit Visibility
Anticipate enhanced profit visibility under the new renewable energy tariff regulation; clarity from local government the major catalyst.
Renewable Capacity Expansion
Plan to add 10GW of renewable capacity in FY25, leading to 10%-13% increase in total power generation.
Negative Factors
Electricity Tariffs
Downward pressure on electricity tariffs and high curtailment rate for renewable projects are negative to earnings.

China Resources Power Holdings Co (0836) vs. iShares MSCI Hong Kong ETF (EWH)

China Resources Power Holdings Co Business Overview & Revenue Model

Company DescriptionChina 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. The company operates in two segments, Thermal Power and Renewable Energy. It operates and manages coal- and gas-fired power plants, wind farms, photovoltaic power plants, hydro-electric power plants, and other clean and renewable energy projects. As of December 31, 2021, the company had 37 coal-fired power plants, 141 wind farms, 31 photovoltaic power plants, 2 hydroelectric plants, and 4 gas-fired plants with total attributable operational generation capacity of 47,997 MW. It also engages in coal mining activities; and undertakes combined generation of heat and power, coal-electricity integration, and other projects. In addition, the company is involved in the distribution of energy, power sale, intelligent energy, coal mining, and other areas; and distribution network construction and operation, distributed energy resource, and other businesses. The company was founded in 2001 and is based in Wan Chai, Hong Kong. China Resources Power Holdings Company Limited is a subsidiary of CRH (Power) Limited.
How the Company Makes MoneyChina Resources Power Holdings Co. Ltd. generates revenue primarily through the sale of electricity generated by its power plants. The company operates a mix of coal-fired, gas-fired, hydroelectric, and renewable energy plants, which allows it to cater to different segments of the energy market. Revenue is earned through long-term power purchase agreements with grid companies, which provide stable cash flow. Additionally, CR Power benefits from government incentives and subsidies for its renewable energy projects, contributing to its earnings. The company's strategic investments in clean and renewable energy sources are driven by China's energy policies and environmental regulations, which provide further financial incentives and opportunities for growth in the sustainable energy sector.

China Resources Power Holdings Co Financial Statement Overview

Summary
China Resources Power Holdings demonstrates solid profitability with strong margins and effective cost management. Despite moderate leverage and a healthy return on equity, careful monitoring of leverage is necessary. Strong operating cash generation is offset by negative free cash flow due to high capital expenditures, highlighting potential liquidity concerns.
Income Statement
82
Very Positive
The company exhibits a strong gross profit margin of 47.5% and a robust net profit margin of 13.7% for 2024, indicating efficient cost management and healthy profitability. Revenue growth from 2023 to 2024 was 1.9%, showing consistent top-line growth. Additionally, the EBIT and EBITDA margins of 22.1% and 37.0% respectively, reflect solid operating performance. There is a positive trajectory in revenue and profit growth over the past years.
Balance Sheet
75
Positive
The debt-to-equity ratio is 1.77, suggesting moderate leverage which is typical for the industry. The return on equity (ROE) is 13.1%, indicating effective utilization of equity capital. The equity ratio stands at 30.3%, reflecting a stable capital structure. While leverage is within acceptable limits, it poses a risk if not managed properly.
Cash Flow
68
Positive
The operating cash flow to net income ratio is 2.34, demonstrating strong cash earnings. However, free cash flow is negative, highlighting high capital expenditures which are common in this industry. The free cash flow to net income ratio is negative, signifying potential cash management challenges. Despite strong operating cash flows, negative free cash flow can be a concern if it persists.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue105.28B103.33B103.31B90.41B69.55B
Gross Profit50.01B45.34B14.19B7.12B16.19B
EBITDA38.96B34.39B25.91B20.09B26.47B
Net Income14.39B11.00B7.46B2.60B7.82B
Balance Sheet
Total Assets362.46B322.40B283.39B287.97B259.63B
Cash, Cash Equivalents and Short-Term Investments5.83B4.08B7.84B8.09B5.34B
Total Debt194.16B166.86B151.22B147.77B121.77B
Total Liabilities242.51B217.85B193.50B191.13B164.51B
Stockholders Equity109.84B84.97B82.24B88.99B85.80B
Cash Flow
Free Cash Flow-16.00B-9.91B-12.46B-21.22B-12.43B
Operating Cash Flow33.70B28.87B20.12B4.47B18.10B
Investing Cash Flow-52.07B-43.99B-34.12B-20.68B-29.94B
Financing Cash Flow20.40B11.83B14.47B18.94B11.42B

China Resources Power Holdings Co Technical Analysis

Technical Analysis Sentiment
Negative
Last Price19.00
Price Trends
50DMA
19.12
Negative
100DMA
18.31
Positive
200DMA
18.29
Positive
Market Momentum
MACD
-0.05
Positive
RSI
44.28
Neutral
STOCH
42.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0836, the sentiment is Negative. The current price of 19 is below the 20-day moving average (MA) of 19.65, below the 50-day MA of 19.12, and above the 200-day MA of 18.29, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 44.28 is Neutral, neither overbought nor oversold. The STOCH value of 42.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0836.

China Resources Power Holdings Co Peers Comparison

Overall Rating
UnderperformOutperform
Sector (67)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
72
Outperform
$98.36B6.4115.59%7.14%1.89%29.67%
67
Neutral
$16.41B16.954.63%3.59%4.77%6.10%
GBDAT
£5.16B7.7117.92%0.41%
$21.35B14.1711.36%3.81%
$14.11B9.027.93%3.62%
$7.87B6.7213.59%6.54%
$13.82B9.857.63%0.59%
* Utilities Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0836
China Resources Power Holdings Co
19.00
-4.31
-18.49%
GB:DAT
Datang International Power Generation Co
24.52
0.00
0.00%
CLPHF
CLP Holdings
8.44
0.70
9.04%
CLPXF
China Longyuan Power Group
0.87
0.00
0.00%
HPIFF
Huadian Power International
0.52
-0.05
-8.77%
HUNGF
Huaneng Power International
0.66
-0.07
-9.59%

China Resources Power Holdings Co Corporate Events

China Resources Power Unveils Strong Financial Growth in New Energy Subsidiary
Jun 26, 2025

China Resources Power Holdings Co has announced the audited financial results of its subsidiary, China Resources New Energy Holdings, for the years 2022 to 2024. The subsidiary, which is set for a proposed spin-off and A Share Listing, showed revenue growth from RMB 18.2 billion in 2022 to RMB 22.9 billion in 2024, with profits before taxation peaking in 2023 at RMB 9.95 billion. The financials highlight a steady growth trajectory, indicating a strong market position in the new energy sector, although stakeholders are advised to exercise caution as these figures do not represent the entire group’s financial status.

The most recent analyst rating on (HK:0836) stock is a Buy with a HK$21.00 price target. To see the full list of analyst forecasts on China Resources Power Holdings Co stock, see the HK:0836 Stock Forecast page.

China Resources Power Reports Strong Growth in Renewable Energy Generation
Jun 18, 2025

China Resources Power Holdings Co reported a notable increase in net power generation figures for May 2025, with a 6.7% year-on-year rise, reaching 17,100,448 MWh. The company’s subsidiary wind farms and photovoltaic plants contributed significantly to this growth, with increases of 25.8% and 26.9% respectively. Over the first five months of 2025, the total net generation increased by 4.1%, highlighting the company’s strong performance in renewable energy, which is crucial for its market positioning and stakeholder interests.

The most recent analyst rating on (HK:0836) stock is a Buy with a HK$26.50 price target. To see the full list of analyst forecasts on China Resources Power Holdings Co stock, see the HK:0836 Stock Forecast page.

China Resources Power Announces Final Dividend for 2024
Jun 17, 2025

China Resources Power Holdings Company Limited announced a final cash dividend for the financial year ending December 31, 2024, amounting to HKD 0.691 per share. Shareholders have the option to receive the dividend in RMB at an exchange rate of HKD 1 to RMB 0.916522. The dividend payment will be made on July 23, 2025, following shareholder approval on June 5, 2025. This announcement reflects the company’s stable financial performance and commitment to returning value to its shareholders.

The most recent analyst rating on (HK:0836) stock is a Buy with a HK$26.50 price target. To see the full list of analyst forecasts on China Resources Power Holdings Co stock, see the HK:0836 Stock Forecast page.

China Resources Power Holdings Co Announces Board Composition
Jun 6, 2025

China Resources Power Holdings Co has announced the composition of its board of directors and their roles within the company, effective June 6, 2025. This announcement highlights the company’s commitment to structured governance and strategic management, potentially impacting its operational efficiency and stakeholder confidence.

The most recent analyst rating on (HK:0836) stock is a Buy with a HK$26.50 price target. To see the full list of analyst forecasts on China Resources Power Holdings Co stock, see the HK:0836 Stock Forecast page.

China Resources Power Announces Director Resignation
Jun 6, 2025

China Resources Power Holdings Company Limited announced the resignation of Mr. Zhang Yingzhong as a non-executive director and a member of the nomination committee, effective June 6, 2025. The company expressed gratitude for Mr. Zhang’s contributions, and confirmed that there are no disagreements or issues that need to be addressed with shareholders or the Hong Kong Stock Exchange.

The most recent analyst rating on (HK:0836) stock is a Buy with a HK$31.00 price target. To see the full list of analyst forecasts on China Resources Power Holdings Co stock, see the HK:0836 Stock Forecast page.

China Resources Power Holdings Co AGM Resolutions Passed
Jun 5, 2025

China Resources Power Holdings Co announced the results of its annual general meeting held on June 5, 2025. All proposed resolutions, including the approval of financial statements, declaration of a final dividend, and re-election of directors, were passed with significant support. This outcome reflects strong shareholder confidence and is expected to positively impact the company’s governance and operational stability.

The most recent analyst rating on (HK:0836) stock is a Buy with a HK$22.60 price target. To see the full list of analyst forecasts on China Resources Power Holdings Co stock, see the HK:0836 Stock Forecast page.

China Resources Power Renews New Energy Cooperation Agreement
May 14, 2025

China Resources Power Holdings Co has announced the renewal of its cooperation agreement with CR Sanjiu for new energy projects, extending their collaboration from May 2025 to December 2027. This agreement focuses on compound photovoltaic power projects and involves CR Sanjiu providing comprehensive land management services. The renewal signifies a continued commitment to expanding new energy initiatives, potentially strengthening the company’s position in the energy market and impacting stakeholders by enhancing project development efficiency.

The most recent analyst rating on (HK:0836) stock is a Buy with a HK$26.50 price target. To see the full list of analyst forecasts on China Resources Power Holdings Co stock, see the HK:0836 Stock Forecast page.

China Resources Power Reports Growth in Renewable Energy Generation
May 13, 2025

China Resources Power Holdings Co reported a significant increase in net generation from its subsidiary power plants for April 2025, with a 7.9% year-on-year rise to 17,371,180 MWh. Notably, wind farms and photovoltaic plants showed substantial growth, with increases of 24.2% and 42.7% respectively. For the first four months of 2025, the overall net generation rose by 3.2%, highlighting the company’s strengthening position in renewable energy generation.

The most recent analyst rating on (HK:0836) stock is a Buy with a HK$26.50 price target. To see the full list of analyst forecasts on China Resources Power Holdings Co stock, see the HK:0836 Stock Forecast page.

China Resources Power Reports Steady Financial Performance
Apr 30, 2025

China Resources Power Holdings Co announced the financial results of its subsidiary, China Resources Power Investment Company Limited, for the year 2024 and the first quarter of 2025. The company reported a revenue of RMB 61.17 billion and a net profit of RMB 2.71 billion for 2024, with a slight increase in total assets and a decrease in liabilities by March 2025. These financial results highlight the company’s steady performance and may influence investor confidence, although stakeholders are advised to consider the figures cautiously as they do not represent the entire group’s operations.

China Resources Power Announces AGM and Share Buyback Plan
Apr 28, 2025

China Resources Power Holdings Co has announced its upcoming annual general meeting scheduled for June 5, 2025, in Hong Kong. Key agenda items include the consideration of audited financial statements, the declaration of a final dividend, the re-election of directors, and the re-appointment of Deloitte Touche Tohmatsu as auditors. Additionally, the company seeks approval for a share buyback program, allowing directors to repurchase up to 10% of the company’s issued shares. This announcement could impact the company’s financial strategy and shareholder value.

China Resources Power Unveils 2024 Sustainability Committee Guidelines
Apr 28, 2025

China Resources Power Holdings Co has released the 2024 edition of the working rules for its Sustainability Committee, which operates under the Board of Directors. The committee is tasked with advising the board on sustainability policies, performance, and practices, and is composed of at least two directors, primarily independent non-executive directors. The rules outline the committee’s responsibilities, including reviewing sustainable development objectives, assessing resources and compliance, and evaluating the impact of business activities on various stakeholders. This initiative underscores the company’s commitment to enhancing its sustainability efforts and aligning with international standards.

China Resources Power Enhances Audit and Risk Committee Governance
Apr 28, 2025

China Resources Power Holdings Co has updated the working rules for its Audit and Risk Committee to enhance governance and oversight. The committee, composed of non-executive directors, is tasked with ensuring effective internal controls, compliance with listing rules, and the independence of external auditors, thereby strengthening the company’s financial reporting and risk management systems.

China Resources Power Updates Nomination Committee Rules for 2024
Apr 28, 2025

China Resources Power Holdings Co has released the 2024 edition of the Working Rules for its Nomination Committee. These rules aim to ensure fair and transparent processes for appointing and re-appointing Board members, assessing Board performance, and planning for Board succession. The announcement underscores the company’s commitment to maintaining a diverse and effective Board, which is crucial for aligning with corporate strategy and ensuring robust governance.

China Resources Power Appoints New Authorised Representative
Apr 25, 2025

China Resources Power Holdings Co has announced the appointment of Mr. WANG Bo, an executive director, as an authorised representative under the rules governing the listing of securities on the Hong Kong Stock Exchange, effective from April 25, 2025. This appointment is expected to strengthen the company’s governance and compliance framework, potentially enhancing its operational efficiency and stakeholder confidence.

China Resources Power Reports Growth in Renewable Energy Generation
Apr 15, 2025

China Resources Power Holdings Co reported an increase in net generation figures for its subsidiary power plants in March 2025, with a 2.5% year-on-year rise to 17,028,099 MWh. Notably, wind farms and photovoltaic plants saw substantial increases of 7.1% and 14.1%, respectively. Over the first quarter of 2025, the total net generation rose by 1.7% year-on-year, highlighting the company’s growing focus on renewable energy, which is likely to strengthen its position in the energy market and appeal to environmentally conscious stakeholders.

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.Date of analysis: Jun 28, 2025