China Datang Corp. Renewable Power Co. Ltd. Class H (HK:1798)
:1798
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China Datang Corp. Renewable Power Co. Ltd. Class H
(1798)
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Rating:52Neutral
Price Target:
HK$2.00
▼(-2.44% Downside)
Action:Reiterated
Date:05/04/26
The score is held back primarily by deteriorating profitability and a materially more leveraged balance sheet, alongside bearish technicals. These risks are partially offset by a low P/E and strong dividend yield, plus improved (but still historically volatile) cash generation in 2025.
Positive Factors
Stable renewable power business model
China Datang Renewable has a durable, asset-backed business: it develops, owns and operates renewable power plants and sells kWh to grid counterparties. This model generates predictable operating cash tied to production and contracted/regulated offtake, supporting steady long-term revenue streams despite price variability.
Negative Factors
Materially higher leverage
Debt surged and equity declined, sharply increasing leverage for a capital-intensive utility. Elevated debt-to-equity raises interest and refinancing risk, constrains financial flexibility for new projects or adverse dispatch periods, and makes the company more vulnerable to rate or market shocks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable renewable power business model
China Datang Renewable has a durable, asset-backed business: it develops, owns and operates renewable power plants and sells kWh to grid counterparties. This model generates predictable operating cash tied to production and contracted/regulated offtake, supporting steady long-term revenue streams despite price variability.
Read all positive factors
China Datang Corp. Renewable Power Co. Ltd. Class H (1798) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$12.29B
Dividend Yield6.26%
Average Volume (3M)26.65M
Price to Earnings (P/E)8.6
Beta (1Y)0.59
Revenue Growth-0.05%
EPS Growth-37.87%
CountryHK
Employees4,129
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)0.16
Shares Outstanding2,501,071,000
10 Day Avg. Volume21,926,174
30 Day Avg. Volume26,648,335
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)0.69
Price to Sales (P/S)1.10
P/FCF Ratio6.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$1.81Price Target Upside-11.71% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.17
Revenue Forecast (FY)HK$12.48B
China Datang Corp. Renewable Power Co. Ltd. Class H Business Overview & Revenue Model
Company Description
China Datang Corporation Renewable Power Co., Limited, together with its subsidiaries, generates and sells wind power and other renewable power in the People's Republic of China. The company develops, invests in, constructs, and manages wind power...
How the Company Makes Money
The company primarily makes money by producing electricity from its renewable energy power plants and selling that electricity to grid companies and/or power purchasers under applicable power sales arrangements. Revenue is therefore driven by: (1)...
China Datang Corp. Renewable Power Co. Ltd. Class H Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
36
Negative
Cash Flow
49
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 12.25B | 12.58B | 12.80B | 12.50B | 11.87B |
| Gross Profit | 4.56B | 12.18B | 12.48B | 12.11B | 11.20B |
| EBITDA | 9.12B | 9.85B | 10.64B | 11.26B | 9.24B |
| Net Income | 1.56B | 2.38B | 2.75B | 3.49B | 2.03B |
Balance Sheet | |||||
| Total Assets | 115.23B | 115.54B | 101.55B | 97.55B | 99.10B |
| Cash, Cash Equivalents and Short-Term Investments | 2.53B | 1.94B | 3.07B | 2.44B | 3.14B |
| Total Debt | 83.67B | 68.40B | 57.35B | 54.69B | 57.96B |
| Total Liabilities | 91.84B | 77.97B | 65.59B | 63.28B | 67.96B |
| Stockholders Equity | 19.53B | 33.22B | 32.04B | 30.19B | 27.41B |
Cash Flow | |||||
| Free Cash Flow | 2.03B | -7.39B | 624.61M | 6.26B | -2.21B |
| Operating Cash Flow | 9.24B | 6.29B | 7.14B | 13.23B | 6.00B |
| Investing Cash Flow | -7.34B | -13.67B | -6.52B | -6.85B | -8.20B |
| Financing Cash Flow | -1.43B | 6.27B | -5.61M | -7.07B | 2.26B |
China Datang Corp. Renewable Power Co. Ltd. Class H Technical Analysis
Positive
2.05
Price Trends
1.71
Positive
1.88
Negative
2.15
Negative
Market Momentum
0.02
Negative
56.06
Neutral
44.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1798, the sentiment is Positive. The current price of 2.05 is above the 20-day moving average (MA) of 1.63, above the 50-day MA of 1.71, and below the 200-day MA of 2.15, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 56.06 is Neutral, neither overbought nor oversold. The STOCH value of 44.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1798.
China Datang Corp. Renewable Power Co. Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$10.65B | 3.82 | 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$18.30B | 4.26 | 8.35% | 6.71% | 1.51% | -9.44% | |
58 Neutral | HK$123.44B | 8.07 | 5.62% | 5.33% | -13.95% | -25.30% | |
52 Neutral | HK$12.29B | 8.62 | 5.97% | 6.26% | -0.05% | -37.87% | |
50 Neutral | HK$3.18B | -4.02 | 6.80% | 10.94% | -7.61% | -82.95% | |
48 Neutral | HK$3.19B | -15.64 | 1.68% | ― | ― | ― |
* Utilities Sector Average
HK:1798
China Datang Corp. Renewable Power Co. Ltd. Class H
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China Datang Corp. Renewable Power Co. Ltd. Class H Corporate Events
China Datang Renewable to Redeem 2023 Bond Tranche in Full in 2026
May 13, 2026
China Datang Corporation Renewable Power has confirmed it will not exercise the renewal option on its 2023 renewable corporate bonds, third tranche, issued to professional investors on the Shanghai Stock Exchange. The RMB1.9 billion bonds, carryin...
China Datang Renewable Sets 2026 Interest Payment for Onshore Bonds
Apr 30, 2026
China Datang Corporation Renewable Power has announced the payment schedule for the 2026 interest on its public renewable corporate bonds, issued under the code 242986 and known as 25 Tang Xin Y2. The bonds carry a 2.05% annual coupon, with intere...
China Datang Renewable Power Posts Unaudited Q1 2026 Management Accounts
Apr 29, 2026
China Datang Corporation Renewable Power has released unaudited first-quarter 2026 management accounts, prepared under Chinese Accounting Standards, to comply with disclosure requirements tied to its onshore debt instruments. The figures, publishe...
China Datang Renewable Power Raises RMB2 Billion via Ultra-Short-Term Debentures
Apr 22, 2026
China Datang Corporation Renewable Power has completed the issuance of its 2026 third tranche of ultra-short-term debentures, raising RMB2.0 billion in the mainland interbank bond market. The notes, which carry a 1.38% interest rate and mature in ...
China Datang Renewable Power Sets Board Meeting to Approve Q1 2026 Results
Apr 17, 2026
China Datang Corporation Renewable Power Co., Limited, a Hong Kong-listed Chinese renewable energy producer, plans and operates power generation assets through various subsidiaries, under a board that includes executive, non-executive and independ...
China Datang Renewable Power Raises RMB1 Billion via Second Tranche of Green Bonds
Apr 16, 2026
China Datang Corporation Renewable Power has completed a second tranche public issuance of renewable corporate bonds in mainland China, raising RMB1.0 billion. The bonds carry a three-year basic term, a nominal value of RMB100, and an issuing inte...
China Datang Renewable Sets April 2026 Payout for RMB1 Billion Ultra-Short-Term Debentures
Apr 15, 2026
China Datang Corporation Renewable Power Co., Limited has announced the repayment arrangements for its 2026 first tranche of ultra-short-term debentures, a 101-day RMB1.0 billion issue bearing an interest rate of 1.53%. The company will pay a tota...
China Datang Renewable Power Sets April 2026 Payout for RMB1 Billion Ultra-Short-Term Notes
Apr 15, 2026
China Datang Corporation Renewable Power Co., Limited has detailed the payment arrangement for its 2026 second tranche of ultra-short-term debentures, a 101-day RMB1.0 billion issue bearing interest at 1.54 percent. On 24 April 2026, the company w...
Datang Renewable Sees March Power Output Slide as Wind Weakens, Solar Grows
Apr 14, 2026
China Datang Corp. Renewable Power reported that its consolidated power generation in March 2026 fell 20.87% year-on-year to 2,755,925 MWh, as a sharp 26.02% decline in wind output to 2,300,624 MWh outweighed a 21.98% rise in photovoltaic generati...
China Datang Renewable Power Outlines Repayment Plan for 2023 Mid‑Term Notes
Apr 9, 2026
China Datang Corporation Renewable Power Co., Limited has detailed the repayment arrangements for its First Tranche of 2023 Mid‑term Notes, a RMB1.0 billion issue bearing a 3.50% interest rate and maturing on 17 April 2026. The total princip...
China Datang Renewable Sets April 2026 Interest Payment on RMB1.5 Billion Mid‑Term Notes
Apr 8, 2026
China Datang Corporation Renewable Power has announced the upcoming interest payment on the first tranche of its 2025 mid‑term notes, a three‑year RMB1.5 billion issue in China’s interbank bond market. The notes carry a 1.81% cou...
China Datang Renewable Power Sets Terms for 2026 Interest Payment on 2024 Bonds
Apr 2, 2026
China Datang Corporation Renewable Power has announced the detailed arrangements for the 2026 interest payment on its 2024 renewable corporate bonds issued on the Shanghai Stock Exchange. The bonds, with code 240876 and a coupon rate of 2.53% per ...
China Datang Renewable Power Posts Flat 2025 Revenue but Steep Profit Decline
Mar 27, 2026
China Datang Corp. Renewable Power reported essentially flat revenue of RMB12.58 billion for 2025, underscoring stable power generation volumes in its core renewable portfolio. The company continues to position itself as a key player in China̵...
China Datang Renewable Power Proposes 2025 Final Dividend of RMB 0.03 per Share
Mar 27, 2026
China Datang Corporation Renewable Power has proposed a final ordinary dividend of RMB 0.03 per share for the financial year ended 31 December 2025, with payment scheduled for 28 August 2026, subject to shareholder approval. Key details such as th...
China Datang Renewable Power to Fully Redeem RMB1 Billion 2023 Mid-Term Notes in 2026
Mar 19, 2026
China Datang Corporation Renewable Power has announced that it will exercise the issuer redemption option on the first tranche of its 2023 mid-term notes, known as 23 Datang Xinneng MTN001. The RMB1 billion bonds, originally issued in China’...
China Datang Renewable Power Sets March 2026 Board Meeting for 2025 Results and Dividend Review
Mar 17, 2026
China Datang Corporation Renewable Power has scheduled a board meeting for 27 March 2026 to review and approve its annual results for the year ended 31 December 2025. The board will also consider the potential declaration of a final dividend, a de...
China Datang Renewable Power Sees Lower February Output as Wind Weakens, Solar Rises
Mar 12, 2026
China Datang Corporation Renewable Power reported that its consolidated power generation in February 2026 fell 12.41% year on year to 2,826,068 MWh, as weaker wind resources dragged wind output down 15.14% to 2,479,288 MWh. In contrast, photovolta...
China Datang Renewable Power Warns of RMB223 Million Asset Impairment Hit for 2025
Mar 12, 2026
China Datang Corp. Renewable Power Co. Ltd. will book substantial asset impairment provisions after testing the recoverable value of several asset categories under prudent accounting standards. The company flagged collection risks on certain recei...
China Datang Renewable Sets March 2026 Interest Payment for 2024 Bonds
Mar 5, 2026
China Datang Corporation Renewable Power has announced the payment schedule for interest on its 2024 renewable corporate bonds, under the issue code 240699 and abbreviated as 24 Tang Xin Y1. The bonds carry a coupon of 2.63% per annum, with each R...
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.