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CGN New Energy Holdings Co., Ltd.
(1811)
CGN New Energy Holdings Co., Ltd. (1811) vs. iShares MSCI Hong Kong ETF (EWH)
CGN New Energy Holdings Co., Ltd. Business Overview & Revenue Model
CGN New Energy Holdings Co., Ltd. Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.95B | 2.19B | 2.43B | 1.78B | 1.15B |
| Gross Profit | 1.17B | 1.17B | 1.14B | 948.62M | 623.11M |
| EBITDA | 872.07M | 896.23M | 925.62M | 745.94M | 480.50M |
| Net Income | 248.02M | 267.69M | 195.15M | 244.27M | 162.09M |
Balance Sheet | |||||
| Total Assets | 8.72B | 8.35B | 8.34B | 8.73B | 6.98B |
| Cash, Cash Equivalents and Short-Term Investments | 158.38M | 301.67M | 455.00M | 378.14M | 398.85M |
| Total Debt | 6.37B | 5.91B | 5.93B | 6.30B | 5.11B |
| Total Liabilities | 6.96B | 6.66B | 6.84B | 7.24B | 5.68B |
| Stockholders Equity | 1.62B | 1.54B | 1.36B | 1.37B | 1.21B |
Cash Flow | |||||
| Free Cash Flow | -423.80M | 36.92M | 279.61M | -913.12M | -1.13B |
| Operating Cash Flow | 502.63M | 681.55M | 642.38M | 346.64M | 256.88M |
| Investing Cash Flow | -934.73M | -611.18M | -373.16M | -1.28B | -1.27B |
| Financing Cash Flow | 297.02M | -212.55M | -173.38M | 906.39M | 1.00B |
CGN New Energy Holdings Co., Ltd. Technical Analysis
CGN New Energy Holdings Co., Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$10.77B | 5.56 | 15.73% | 4.49% | -11.32% | -7.61% | |
67 Neutral | $16.47B | 17.00 | 4.45% | 3.56% | 4.76% | 6.21% | |
| $24.16B | 224.18 | 8.56% | 0.21% | ― | ― | ||
| $14.76B | 9.50 | 7.93% | 3.44% | ― | ― | ||
| $4.84B | 10.09 | 8.59% | 5.79% | ― | ― | ||
| $12.65B | 6.13 | 15.59% | 7.63% | ― | ― | ||
| €1.92B | 7.71 | 10.34% | 2.71% | ― | ― |
CGN New Energy Holdings Co., Ltd. Corporate Events
CGN New Energy Holdings Co., Ltd. reported a 1.3% decrease in power generation for June 2025 compared to the same month in 2024, with significant declines in gas-fired and hydro projects, while solar projects saw a notable increase. The company’s operational adjustments, including the completion of an equity transfer and technical improvements, reflect ongoing efforts to optimize its energy portfolio amid fluctuating generation outputs across different energy sources.
CGN New Energy Holdings Co., Ltd. has announced the terms of reference for its Nomination Committee, which is chaired by the chairman of the Board or an independent non-executive director. The Committee is composed of a majority of independent non-executive directors and includes at least one member of a different gender, adhering to the Listing Rules of the Hong Kong Stock Exchange. The announcement underscores the company’s commitment to governance and diversity, potentially strengthening its industry positioning and stakeholder confidence.
CGN New Energy Holdings Co., Ltd. has outlined the terms of reference for its Audit Committee, which will be composed of non-executive directors, with a majority being independent non-executive directors. The committee’s structure and operations are designed to comply with the Listing Rules of the Hong Kong Stock Exchange, ensuring robust governance and oversight. This announcement reinforces the company’s commitment to maintaining high standards of financial management and transparency, potentially strengthening its position in the market and providing assurance to stakeholders.
CGN New Energy Holdings Co., Ltd. has outlined the terms of reference and procedures for its Investment and Risk Management Committee. The committee, consisting of at least three members with a majority being non-executive directors, is responsible for overseeing investment and risk management strategies. The announcement highlights the committee’s structure, meeting protocols, and decision-making processes, reinforcing the company’s commitment to robust governance and strategic oversight.
CGN New Energy Holdings Co., Ltd. reported a 1.7% increase in power generation for May 2025 compared to the same month in 2024, totaling 1,723.3 GWh. This growth was driven by significant increases in wind and solar power generation, while cogen, gas-fired, hydro, and Korean projects saw declines. The accumulated power generation for the first five months of 2025 was 8,171.0 GWh, a slight decrease of 0.8% from the previous year, reflecting challenges in certain project areas such as the completion of an equity transfer and ongoing technical improvements.
CGN New Energy Holdings Co., Ltd. announced that all resolutions proposed at its Annual General Meeting on May 22, 2025, were approved by shareholders. Key resolutions included the approval of financial statements, declaration of a final dividend, re-election of directors, re-appointment of KPMG as auditor, and granting mandates to the board for share repurchase and issuance. The successful passing of these resolutions reflects strong shareholder support and positions the company for continued strategic growth and operational stability.
CGN New Energy Holdings Co., Ltd. announced changes to its Nomination Committee, with the appointment of Ms. Mu Wenjun and Mr. Leung Chi Ching Frederick as new members. This strategic move is expected to enhance the governance and decision-making processes within the company, potentially strengthening its position in the renewable energy market.
CGN New Energy Holdings Co., Ltd. has announced the composition and roles of its board of directors, highlighting the leadership structure within the company. This announcement underscores the company’s commitment to governance and strategic oversight, which can impact its operational efficiency and stakeholder confidence.
CGN New Energy Holdings Co., Ltd. has issued an additional announcement regarding related party transactions and share options. The company clarified that certain related party transactions, including management service income and interest expenses, are considered fully exempted connected transactions under the Listing Rules, and therefore do not require disclosure as connected transactions. Additionally, the company stated that all options under the Share Option Scheme had lapsed, with no shares available for issue, but if all potential options were granted, they would represent 10% of the total shares.
CGN New Energy Holdings Co., Ltd. has announced a voluntary share repurchase plan, aiming to buy back up to approximately 21.4 million shares with a budget of HK$50 million. This move reflects the company’s confidence in its long-term growth and market performance, aiming to enhance shareholder value while maintaining a solid financial position.
CGN New Energy Holdings Co., Ltd. announced that its subsidiary, CGN Shengsi, has entered into an Engineering, Procurement, and Construction (EPC) contract with a consortium of Power China Huadong and CCCC Third Harbor Engineering. The contract, valued at approximately RMB1.42 billion, involves comprehensive construction work including quality supervision, survey and design, engineering, procurement, and construction management. This transaction is classified as discloseable under the Hong Kong Listing Rules, indicating its significance to the company’s operational expansion and strategic positioning in the renewable energy industry.
CGN New Energy Holdings Co., Ltd. announced that its subsidiary, CGN Shengsi, has entered into an Equipment Purchase Contract with Shanghai Electric Wind Power for the acquisition of wind turbine generators and related equipment, valued at RMB651,420,000. This transaction, classified as a discloseable transaction under the Hong Kong Stock Exchange Listing Rules, highlights the company’s ongoing investment in expanding its wind energy capabilities, which could enhance its market position in the renewable energy sector.
CGN New Energy Holdings Co., Ltd. reported a 5.7% increase in power generation for April 2025 compared to the same period in 2024, reaching 1,677.7 GWh. The growth was driven by significant improvements in wind and solar projects in China, despite decreases in hydro and Korean projects. The company’s accumulated power generation for the first four months of 2025 showed a slight decline of 1.5% compared to the previous year, with notable increases in wind and solar outputs but reductions in hydro and Korean project outputs. This update highlights the company’s strategic focus on expanding renewable energy capabilities, though it faces challenges in hydro and Korean sectors.
CGN New Energy Holdings Co., Ltd. has announced its upcoming Annual General Meeting scheduled for May 22, 2025, in Hong Kong. The meeting will address several key issues, including the consideration of financial statements, the declaration of a final dividend for 2024, re-election of directors, and re-appointment of auditors. Additionally, a resolution will be proposed to grant the directors a mandate to repurchase up to 10% of the company’s shares, reflecting a strategic move to potentially enhance shareholder value.
CGN New Energy Holdings Co., Ltd. reported a 4.7% decrease in power generation for March 2025 compared to the same period in 2024, with notable declines in solar and gas-fired projects, while wind and hydro projects showed some gains. The company’s overall power generation for the first quarter of 2025 also saw a decline of 3.7%, impacting its operational performance and potentially influencing its market position amid ongoing technical improvements and project overhauls.