China Resources Power Holdings Co Ltd (HK:0836)
:0836
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China Resources Power Holdings Co
(0836)
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Rating:68Neutral
Price Target:
HK$23.00
▲(22.15% Upside)
Action:Downgraded
Date:03/20/26
The score is driven by attractive valuation (low P/E and strong dividend yield) and supportive technical momentum. These positives are tempered by financial risk from high leverage and persistently negative free cash flow despite solid profitability and improving operating cash generation.
Positive Factors
Diversified generation mix
A broad technology mix (thermal, wind, solar, hydro) reduces single-fuel exposure and aligns the business with China’s long-term decarbonization and grid integration trends. This diversification supports steadier dispatch, policy optionality and long-term resiliency of cash flows.
Negative Factors
High financial leverage
Elevated and rising debt relative to equity reduces financial flexibility and heightens exposure to interest-rate or credit-market shocks. High leverage constrains strategic optionality, raises refinancing risk, and makes sustained investment or dividend policies more vulnerable to funding costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified generation mix
A broad technology mix (thermal, wind, solar, hydro) reduces single-fuel exposure and aligns the business with China’s long-term decarbonization and grid integration trends. This diversification supports steadier dispatch, policy optionality and long-term resiliency of cash flows.
Read all positive factors
China Resources Power Holdings Co (0836) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$94.27B
Dividend Yield5.89%
Average Volume (3M)10.70M
Price to Earnings (P/E)6.5
Beta (1Y)0.49
Revenue Growth-3.11%
EPS Growth-5.45%
CountryHK
Employees21,858
SectorUtilities
Sector Strength65
IndustryIndependent Power Producers
Share Statistics
EPS (TTM)2.80
Shares Outstanding5,177,057,600
10 Day Avg. Volume15,095,632
30 Day Avg. Volume10,697,813
Financial Highlights & Ratios
PEG Ratio-1.08
Price to Book (P/B)0.81
Price to Sales (P/S)0.88
P/FCF Ratio-16.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$23.76Price Target Upside26.20% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)2.43
Revenue Forecast (FY)HK$106.24B
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. It operates in two segments, Thermal Power and Renewable Ener...
How the Company Makes Money
China Resources Power primarily makes money by generating electricity and selling it to power grid companies under China’s regulated and market-based power trading frameworks. Its main revenue stream comes from electricity sales from thermal power...
China Resources Power Holdings Co Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
55
Neutral
Cash Flow
46
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 102.01B | 105.28B | 103.33B | 103.31B | 90.41B |
| Gross Profit | 26.72B | 50.01B | 45.34B | 14.19B | 7.12B |
| EBITDA | 39.14B | 38.96B | 34.39B | 27.98B | 20.71B |
| Net Income | 14.79B | 14.39B | 11.00B | 7.04B | 2.14B |
Balance Sheet | |||||
| Total Assets | 409.36B | 362.46B | 322.40B | 283.39B | 287.97B |
| Cash, Cash Equivalents and Short-Term Investments | 11.88B | 5.83B | 4.08B | 7.72B | 7.93B |
| Total Debt | 223.76B | 194.16B | 166.86B | 139.59B | 135.73B |
| Total Liabilities | 286.64B | 242.51B | 217.85B | 193.50B | 191.13B |
| Stockholders Equity | 111.30B | 109.84B | 84.97B | 82.24B | 88.99B |
Cash Flow | |||||
| Free Cash Flow | -5.47B | -16.00B | -9.91B | -12.46B | -21.22B |
| Operating Cash Flow | 41.70B | 33.70B | 28.87B | 20.12B | 4.47B |
| Investing Cash Flow | -47.34B | -52.07B | -43.99B | -33.85B | -19.97B |
| Financing Cash Flow | 11.23B | 20.40B | 11.83B | 10.16B | 14.73B |
China Resources Power Holdings Co Technical Analysis
Negative
18.83
Price Trends
19.28
Negative
18.52
Negative
18.05
Positive
Market Momentum
-0.31
Positive
36.65
Neutral
8.86
Positive
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 18.83 is below the 20-day moving average (MA) of 19.65, below the 50-day MA of 19.28, and above the 200-day MA of 18.05, indicating a neutral trend. The MACD of -0.31 indicates Positive momentum. The RSI at 36.65 is Neutral, neither overbought nor oversold. The STOCH value of 8.86 is Positive, 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
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$94.27B | 6.54 | 12.76% | 5.89% | -3.11% | -5.45% | |
66 Neutral | HK$129.41B | 10.33 | 13.13% | 4.74% | -6.95% | 61.55% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
64 Neutral | HK$61.42B | 9.47 | 9.35% | 5.73% | 12.74% | 6.35% | |
61 Neutral | HK$216.44B | 21.23 | 7.69% | 3.50% | -16.49% | -5.62% | |
58 Neutral | HK$135.70B | 18.34 | 16.76% | 5.62% | -2.05% | 96.13% | |
58 Neutral | HK$113.79B | 8.97 | 5.62% | 5.33% | -13.95% | -25.30% |
* Utilities Sector Average
HK:0836
China Resources Power Holdings Co
18.19
-0.09
-0.52%
HK:0991
Datang International Power Generation Co
2.54
0.55
27.70%
HK:1816
CGN Power Co
2.76
0.15
5.79%
HK:0916
China Longyuan Power Group
5.17
-1.63
-23.97%
HK:1071
Huadian Power International
3.83
-0.22
-5.53%
HK:0902
Huaneng Power International
5.55
0.95
20.65%
China Resources Power Holdings Co Corporate Events
China Resources Power Lifts Five-Month Generation as Solar Output Surges
Jun 10, 2026
China Resources Power reported that total net generation from its subsidiary power plants in May 2026 rose 12.2% year on year to 20,110,013 MWh, driven by a 39.6% increase in photovoltaic output to 1,593,551 MWh, while wind generation fell 3.3% to...
China Resources Power Wins Strong Shareholder Backing at AGM, Approves Final Dividend and Capital Mandates
Jun 5, 2026
China Resources Power Holdings Company Limited reported that all resolutions at its 5 June 2026 annual general meeting were approved by substantial majorities, including acceptance of the 2025 audited financial statements and a final dividend of H...
China Resources Power Wins CSRC Nod for Shenzhen Listing of New Energy Unit
May 15, 2026
China Resources Power Holdings has announced that China’s securities regulator has approved the registration application for its subsidiary, China Resources New Energy Holdings Company Limited, to list on the Main Board of the Shenzhen Stock...
China Resources Power Posts Strong Early-2026 Output on Surging Solar Generation
May 12, 2026
China Resources Power Holdings Company Limited is a Hong Kong-based power producer with a diversified generation portfolio spanning conventional plants, wind farms and photovoltaic facilities. Its operations are centered on supplying electricity t...
China Resources Power Updates Market on New Energy Unit Spin‑Off and A‑Share Listing
May 6, 2026
China Resources Power Holdings has provided an update on the planned spin‑off and Shenzhen A‑share listing of its subsidiary China Resources New Energy Holdings, disclosing the unit’s unaudited first‑quarter 2026 financials...
China Resources Power Discloses 2025 Results and Q1 2026 Performance for Key Subsidiary
Apr 30, 2026
China Resources Power Holdings disclosed key financial figures for its subsidiary China Resources Power Investment Company Limited for 2025 and the first quarter of 2026, as required by PRC regulations. CRP Investment reported audited 2025 revenue...
China Resources Power Plans Shenzhen REIT Spin-Off for Henan Coal Plant
Apr 30, 2026
China Resources Power Holdings plans to spin off a coal-fired power plant in Jiaozuo, Henan, into a publicly traded infrastructure securities investment fund on the Shenzhen Stock Exchange. The company, through affiliated entities CAMC and CITICS,...
China Resources Power Wins Shenzhen Approval for New Energy A-Share Spin-Off
Apr 29, 2026
China Resources Power Holdings Company Limited announced that the Listing Committee for the Main Board of the Shenzhen Stock Exchange has approved the proposed issuance and listing of A shares by its subsidiary, China Resources New Energy Holdings...
China Resources Power Sets 2026 AGM to Approve Dividend, Director Slate and Share Mandates
Apr 28, 2026
China Resources Power Holdings Company Limited has convened its annual general meeting for 5 June 2026 in Hong Kong to address standard governance and shareholder matters. The board will present the audited financial statements for the year ended ...
China Resources Power Q1 2026 Output Rises 16.3% as Solar Surges Despite Softer Wind
Apr 13, 2026
China Resources Power reported that total net generation from its subsidiary power plants rose 16.2% year on year in March 2026 to 20,809,212 MWh, driven mainly by strong performance in non-wind assets. Wind farm output fell 16.9% to 4,552,945 MWh...
China Resources Power Declares Final 2025 Dividend with RMB Option
Mar 18, 2026
China Resources Power Holdings Company Limited has declared a final ordinary dividend of HKD 0.771 per share for the financial year ended 31 December 2025, with payment scheduled for 27 July 2026 to shareholders on record as of 12 June 2026. The c...
China Resources Power Lifts 2025 Core Profit on Thermal Power Rebound
Mar 18, 2026
China Resources Power reported net profit attributable to shareholders of HK$14.52 billion for 2025, a marginal 0.9% increase from 2024, while basic earnings per share fell 5.7% to HK$2.80 amid a higher share base. Core business profit rose 9.9% t...
China Resources Power Posts Double-Digit Rise in Early-2026 Generation on Renewables Surge
Mar 13, 2026
China Resources Power reported that total net generation from its subsidiary power plants rose 2.3% year on year in February 2026 to 16,039,423 MWh, driven by a 7.4% increase from wind farms to 4,519,772 MWh and a 38.7% jump from photovoltaic plan...
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.