China Resources Power Holdings Co (0836) AI Stock Analysis

• Market Cap: HK$102.87B
• Dividend Yield: 5.77%
• Average Volume (3M): 10.60M
• Price to Earnings (P/E): 6.7
• Beta (1Y): 0.42
• Revenue Growth: 1.89%
• EPS Growth: 29.67%
• Country: HK
• Employees: 21,849
• Sector: Utilities
• Sector Strength: 88
• Industry: Independent Power Producers
• EPS (TTM): 1.02
• Shares Outstanding: 5,177,057,600
• 10 Day Avg. Volume: 10,775,461
• 30 Day Avg. Volume: 10,603,633
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$21.12
• Price Target Upside: 6.70% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 70 Neutral
• Price Target: HK$21.50 ▲(8.64% Upside)

The overall stock score is primarily driven by strong financial performance and attractive valuation metrics. The company's solid profitability and stable growth are complemented by a low P/E ratio and high dividend yield, making it appealing for value investors. However, technical indicators suggest neutral momentum, which tempers the overall score.

Positive Factors

Company Valuation

Current valuation of only c.6x FY25 is attractive, and the stock maintains a high dividend yield of over 6%.

Renewable Energy Expansion

CR Power is driving the country’s transition to a low-carbon energy structure by expanding its renewable energy installation base and committing to technological innovation.

Negative Factors

Electricity Tariffs

Downward pressure on electricity tariffs and high curtailment rate for renewable projects are negative to earnings.

Power Generation Growth

1HFY25 power generation growth was only 3.6%, below expectations, leading to a cut in the FY25 power generation growth forecast by 8.4ppt.

China Resources Power Holdings Co Business Overview & Revenue Model

Company Description

China 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 Money

China Resources Power Holdings Co. Ltd. generates revenue primarily through the sale of electricity produced by its diverse portfolio of power generation assets. The company's key revenue streams include earnings from its coal-fired power plants, which remain a significant portion of its operations despite increasing investments in renewable energy sources like wind and hydroelectric power. Additionally, the company benefits from government incentives and subsidies for renewable energy projects, as well as partnerships with local governments and other enterprises to expand its power generation capacity. The strategic location of its assets and its ability to efficiently manage and operate a mix of thermal and renewable energy plants contribute significantly to its financial performance.

China Resources Power Holdings Co Financial Statement Overview

Summary

China Resources Power Holdings shows solid profitability with strong margins and effective cost management. The balance sheet indicates moderate leverage with a good return on equity, though leverage needs careful monitoring. Cash flow management is strong in operating cash generation but challenged by high capital expenditures, which may impact liquidity if not addressed.

Income Statement

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

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

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.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	105.28B	103.33B	103.31B	90.41B	69.55B
Gross Profit	50.01B	45.34B	14.19B	7.12B	16.19B
EBITDA	38.96B	34.39B	25.91B	20.09B	26.47B
Net Income	14.39B	11.00B	7.46B	2.60B	7.82B
Balance Sheet
Total Assets	362.46B	322.40B	283.39B	287.97B	259.63B
Cash, Cash Equivalents and Short-Term Investments	5.83B	4.08B	7.84B	8.09B	5.34B
Total Debt	194.16B	166.86B	151.22B	147.77B	121.77B
Total Liabilities	242.51B	217.85B	193.50B	191.13B	164.51B
Stockholders Equity	109.84B	84.97B	82.24B	88.99B	85.80B
Cash Flow
Free Cash Flow	-16.00B	-9.91B	-12.46B	-21.22B	-12.43B
Operating Cash Flow	33.70B	28.87B	20.12B	4.47B	18.10B
Investing Cash Flow	-52.07B	-43.99B	-34.12B	-20.68B	-29.94B
Financing Cash Flow	20.40B	11.83B	14.47B	18.94B	11.42B

China Resources Power Holdings Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 19.79
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0836, the sentiment is Positive. The current price of 19.79 is above the 20-day moving average (MA) of 19.69, above the 50-day MA of 19.60, and above the 200-day MA of 18.30, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 53.83 is Neutral, neither overbought nor oversold. The STOCH value of 43.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0836.

China Resources Power Holdings Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0836	70 Neutral	HK$102.87B	6.70	15.59%	5.77%	1.89%	29.67%
Sector *	67 Neutral	$17.80B	18.56	6.79%	3.44%	6.79%	9.13%
DAT	―	£5.56B	7.71	17.92%	―	―	―
CLPHF	―	$21.64B	14.23	10.96%	5.11%	―	―
CLPXF	―	$14.81B	9.27	7.93%	3.78%	―	―
HPIFF	―	$7.87B	7.10	13.59%	5.18%	―	―
HUNGF	―	$15.00B	8.81	15.23%	5.01%	―	―

China Resources Power Holdings Co Corporate Events

China Resources Power Reports Growth in Renewable Energy Generation

China Resources Power Holdings Co reported an increase in net generation for its subsidiary power plants by 3.8% in the first half of 2025, with wind farms and photovoltaic plants showing substantial growth of 15.5% and 31.3% respectively. This growth in renewable energy output highlights the company’s strategic focus on expanding its renewable energy portfolio, which could enhance its market positioning and appeal to environmentally conscious stakeholders.

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 Unveils Strong Financial Growth in New Energy Subsidiary

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

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

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

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

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

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

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

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.