China Resources Power Holdings Co (0836) AI Stock Analysis

• Market Cap: $97.07B
• Dividend Yield: 5.98%
• Average Volume (3M): 18.23M
• Price to Earnings (P/E): 7.4
• Beta (1Y): 0.44
• Revenue Growth: 1.42%
• EPS Growth: -10.32%
• Country: HK
• Employees: 21,849
• Sector: Utilities
• Sector Strength: 60
• Industry: Independent Power Producers
• EPS (TTM): 1.52
• Shares Outstanding: 5,177,057,600
• 10 Day Avg. Volume: 21,733,948
• 30 Day Avg. Volume: 18,232,059
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 3.30
• Enterprise Value/Revenue: 3.04
• Enterprise Value/Gross Profit: 6.40
• Enterprise Value/Ebitda: 8.21
• 1Y Price Target: $20.89
• Price Target Upside: 8.99% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 71 Outperform
• Price Target: HK$20.50 ▲(6.94% Upside)

The overall stock score of 71 reflects strong financial performance and attractive valuation, offset by bearish technical indicators. The company's solid profitability and stable growth are significant strengths, while the current bearish technical trend presents a risk. The attractive P/E ratio and high dividend yield enhance the stock's appeal, especially for value and income investors.

Positive Factors

Dividend Yield

Despite the stagnant growth outlook, the stock's high dividend yield of over 6% should appeal to dividend-oriented investors and limit downside risk.

Renewable Expansion

CR Power is actively expanding its renewable energy installation base and accelerating integrated energy development, which aligns with China's decarbonisation strategy.

Negative Factors

Electricity Tariffs

Downward pressure on electricity tariffs has been larger than expected, with declines of 11% and 6% for wind and solar.

Growth Prospects

The downgrade to HOLD is due to muted growth prospects and lower price targets.

China Resources Power Holdings Co Business Overview & Revenue Model

Company Description

China Resources Power Holdings Co. Ltd. (0836) is a leading integrated energy company in China, primarily engaged in the development, investment, operation, and management of power plants and the sale of electricity. The company operates in both the thermal power and renewable energy sectors, with a strong focus on coal-fired power generation, wind farms, and hydroelectric plants. Headquartered in Hong Kong, China Resources Power is a subsidiary of China Resources Holdings, leveraging its parent company's extensive resources and network to enhance its operational capabilities and market reach.

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 exhibits solid profitability and stable growth, supported by strong margins and effective cost management. The balance sheet shows moderate leverage with a healthy return on equity, though leverage requires careful monitoring. Cash flow management reveals strong operating cash generation but highlights challenges due to high capital expenditure, which could impact future 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: 19.17
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 19.17 is above the 20-day moving average (MA) of 18.84, below the 50-day MA of 19.28, and above the 200-day MA of 18.36, indicating a neutral trend. The MACD of -0.27 indicates Negative momentum. The RSI at 55.66 is Neutral, neither overbought nor oversold. The STOCH value of 85.51 is Negative, 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	71 Outperform	$97.07B	7.38	13.23%	5.98%	1.42%	-10.32%
Sector *	66 Neutral	$17.24B	17.99	5.60%	3.67%	6.63%	11.55%
DAT	―	£6.06B	7.13	19.21%	―	―	―
CLPHF	―	$20.93B	14.39	10.96%	6.62%	―	―
CLPXF	―	$15.74B	9.81	8.01%	3.87%	―	―
HPIFF	―	$8.46B	7.04	14.91%	5.01%	―	―
HUNGF	―	$15.20B	9.25	15.23%	4.83%	―	―

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.