CGN New Energy Holdings Co., Ltd. (HK:1811)
:1811
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CGN New Energy Holdings Co., Ltd.
(1811)
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Rating:69Neutral
Price Target:
HK$3.00
â–˛(18.58% Upside)
Action:ReiteratedDate:10/23/25
The overall stock score of 69 reflects a balance between strong valuation metrics and technical indicators, offset by financial performance concerns, particularly high leverage and negative free cash flow. The stock's undervaluation and positive price trends are significant strengths, while financial risks require careful monitoring.
Positive Factors
High profitability margins
Sustained gross and net margins near 60% and 12.7% indicate the business captures strong value from generation and contract terms. Durable margins support reinvestment in projects, cushion commodity or dispatch volatility, and help sustain returns even if top-line growth slows.
Negative Factors
Very high leverage
Extremely high leverage materially increases refinancing, interest and covenant risk, limiting financial flexibility. In a capital-intensive renewables business this raises the cost of growth, constrains ability to fund new projects internally, and heightens sensitivity to rate moves.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability margins
Sustained gross and net margins near 60% and 12.7% indicate the business captures strong value from generation and contract terms. Durable margins support reinvestment in projects, cushion commodity or dispatch volatility, and help sustain returns even if top-line growth slows.
Read all positive factors
CGN New Energy Holdings Co., Ltd. (1811) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$11.93B
Dividend Yield4.29%
Average Volume (3M)17.84M
Price to Earnings (P/E)2.1
Beta (1Y)0.69
Revenue Growth-6.80%
EPS Growth-10.25%
CountryHK
Employees2,409
SectorUtilities
Sector Strength65
IndustryIndependent Power Producers
Share Statistics
EPS (TTM)0.20
Shares Outstanding4,289,924,000
10 Day Avg. Volume17,729,500
30 Day Avg. Volume17,837,535
Financial Highlights & Ratios
PEG Ratio-0.72
Price to Book (P/B)0.82
Price to Sales (P/S)0.68
P/FCF Ratio-3.11
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.06
Revenue Forecast (FY)HK$2.01B
CGN New Energy Holdings Co., Ltd. Business Overview & Revenue Model
Company Description
CGN New Energy Holdings Co., Ltd., together with its subsidiaries, generates and supplies electricity and steam in the People's Republic of China and Republic of Korea. The company operates wind, solar, gas-fired, coal-fired, oil-fired, hydro, cog...
How the Company Makes Money
CGN New Energy generates revenue through the sale of electricity produced from its renewable energy projects, including wind and solar power plants. The company enters into long-term power purchase agreements (PPAs) with utility companies and othe...
CGN New Energy Holdings Co., Ltd. Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.83B | 1.95B | 2.19B | 2.43B | 1.78B | 1.15B |
| Gross Profit | 1.13B | 1.17B | 1.17B | 1.14B | 948.62M | 623.11M |
| EBITDA | 823.27M | 872.07M | 896.23M | 925.62M | 745.94M | 480.50M |
| Net Income | 228.09M | 248.02M | 267.69M | 195.15M | 244.27M | 162.09M |
Balance Sheet | ||||||
| Total Assets | 9.12B | 8.72B | 8.35B | 8.34B | 8.73B | 6.98B |
| Cash, Cash Equivalents and Short-Term Investments | 219.06M | 158.38M | 301.67M | 455.00M | 378.14M | 398.85M |
| Total Debt | 6.67B | 6.37B | 5.91B | 5.93B | 6.30B | 5.11B |
| Total Liabilities | 7.21B | 6.96B | 6.66B | 6.84B | 7.24B | 5.68B |
| Stockholders Equity | 1.77B | 1.62B | 1.54B | 1.36B | 1.37B | 1.21B |
Cash Flow | ||||||
| Free Cash Flow | -355.04M | -423.80M | 36.92M | 279.61M | -913.12M | -1.13B |
| Operating Cash Flow | 544.98M | 502.63M | 681.55M | 642.38M | 346.64M | 256.88M |
| Investing Cash Flow | -933.62M | -934.73M | -611.18M | -373.16M | -1.28B | -1.27B |
| Financing Cash Flow | 471.52M | 297.02M | -212.55M | -173.38M | 906.39M | 1.00B |
CGN New Energy Holdings Co., Ltd. Technical Analysis
Positive
2.53
Price Trends
2.67
Positive
2.66
Positive
2.64
Positive
Market Momentum
>-0.01
Positive
49.51
Neutral
42.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1811, the sentiment is Positive. The current price of 2.53 is below the 20-day moving average (MA) of 2.74, below the 50-day MA of 2.67, and below the 200-day MA of 2.64, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 49.51 is Neutral, neither overbought nor oversold. The STOCH value of 42.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1811.
CGN New Energy Holdings Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$11.93B | 2.07 | 13.48% | 4.29% | -6.80% | -10.25% | |
68 Neutral | HK$97.54B | 6.06 | 12.76% | 5.89% | 1.42% | -10.32% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
62 Neutral | HK$243.12B | 13.97 | 7.98% | 3.50% | -1.16% | -14.97% | |
60 Neutral | HK$11.49B | 8.62 | 5.97% | 6.26% | 2.47% | -6.46% | |
56 Neutral | HK$39.09B | 10.82 | 5.96% | 6.83% | 4.20% | -5.31% | |
52 Neutral | HK$113.04B | 11.02 | 6.01% | 5.33% | -9.28% | -7.71% |
* Utilities Sector Average
HK:1811
CGN New Energy Holdings Co., Ltd.
2.78
0.72
34.95%
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CGN New Energy Holdings Co., Ltd. Corporate Events
CGN New Energy Reshapes Finance and Governance Team with New Chief Accountant and Joint Company Secretary
Jan 27, 2026
CGN New Energy Holdings has announced a senior management reshuffle effective 27 January 2026, with long-serving executive Xie Qiufa stepping down from his roles as joint company secretary and chief accountant following a redesignation of duties. ...
CGN New Energy’s December Output Rises on Strong Wind and Solar Despite Full-Year Dip
Jan 14, 2026
CGN New Energy reported that its consolidated power generation reached 1,503.8 GWh in December 2025, up 2.6% year on year, driven mainly by an 11.4% increase in power from PRC wind projects and a 42.0% surge in PRC solar output, while hydro genera...
CGN New Energy Signs Three-Year Connected Energy Storage Services Deal
Dec 30, 2025
CGN New Energy Holdings has entered into a three-year energy storage services agreement between its wholly owned subsidiary CGN Shenzhen and CGN Wind Energy, a non-wholly owned subsidiary of its controlling shareholder CGN. Under the deal, CGN Win...
CGN New Energy Reports Significant November Growth Amidst Yearly Challenges
Dec 11, 2025
CGN New Energy Holdings Co., Ltd. reported a 28.3% increase in power generation for November 2025 compared to the same period in 2024, driven by significant growth in solar and Korean projects. Despite the monthly increase, the company’s acc...
CGN New Energy Enters Power Sale Services Agreement with CGN Wind Energy
Nov 26, 2025
CGN New Energy Holdings Co., Ltd. announced that its subsidiary, CGN Shenzhen, has entered into a Power Sale Services Framework Agreement with CGN Wind Energy, another subsidiary of its controlling shareholder. This agreement, effective from Janua...
CGN New Energy Signs EPC Contract for 200MW Project
Nov 26, 2025
CGN New Energy Holdings Co., Ltd. announced that its subsidiary, CGN New Energy Yancheng, has entered into an Engineering, Procurement, and Construction (EPC) contract with China Energy Engineering Jiangsu Design Institute for a 200MW project. The...
CGN New Energy Announces New Maintenance Services Agreement
Nov 26, 2025
CGN New Energy Holdings Co., Ltd. announced a Maintenance Services Framework Agreement between its wholly owned subsidiary, CGN Yunnan, and its non-wholly owned subsidiary, CGN Chuxiong Mouding. This agreement, effective from January 1, 2026, to D...
CGN New Energy Reports Decline in October 2025 Power Generation
Nov 11, 2025
CGN New Energy Holdings Co., Ltd. reported a 7.4% decrease in power generation for October 2025 compared to the same period in 2024, with significant declines in Korea projects and PRC wind projects, while PRC solar projects saw a notable increase...
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.