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CGN New Energy Holdings Co., Ltd.
(1811)
CGN New Energy Holdings Co., Ltd. (1811) vs. S&P 500 (SPY)
CGN New Energy Holdings Co., Ltd. Business Overview & Revenue Model
CGN New Energy Holdings Co., Ltd. Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 2.19B | 2.43B | 1.78B | 1.15B | 1.28B | Gross Profit |
| 1.17B | 1.14B | 948.62M | 623.11M | 527.66M | EBIT |
| 552.49M | 589.65M | 479.60M | 287.47M | 231.62M | EBITDA |
| 896.23M | 925.62M | 745.94M | 480.50M | 391.45M | Net Income Common Stockholders |
| 267.69M | 195.15M | 244.27M | 162.09M | 111.21M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 301.67M | 455.00M | 378.14M | 398.85M | 386.74M | Total Assets |
| 8.35B | 8.34B | 8.73B | 6.98B | 5.38B | Total Debt |
| 5.91B | 5.93B | 6.30B | 5.11B | 3.70B | Net Debt |
| 5.62B | 5.49B | 5.93B | 4.72B | 3.32B | Total Liabilities |
| 6.66B | 6.84B | 7.24B | 5.68B | 4.37B | Stockholders Equity |
| 1.54B | 1.36B | 1.37B | 1.21B | 930.12M |
| Cash Flow | Free Cash Flow | |||
| 36.92M | 279.61M | -913.12M | -1.13B | -875.77M | Operating Cash Flow |
| 681.55M | 642.38M | 346.64M | 256.88M | 289.38M | Investing Cash Flow |
| -611.18M | -373.16M | -1.28B | -1.27B | -1.11B | Financing Cash Flow |
| -212.55M | -173.38M | 906.39M | 1.00B | 962.64M |
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 |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$5.48B | 3.34 | 17.58% | 6.07% | -3.45% | 20.63% | |
68 Neutral | HK$38.10B | 10.34 | 8.59% | 4.65% | 20.21% | 23.24% | |
67 Neutral | HK$9.87B | 5.05 | 15.73% | 5.29% | -11.32% | -7.61% | |
66 Neutral | HK$3.74B | 5.72 | 25.62% | 6.18% | -6.51% | 12.05% | |
63 Neutral | $8.52B | 11.01 | 5.35% | 4.37% | 3.39% | -11.87% | |
59 Neutral | $23.60B | 23.34 | 3.28% | 9.49% | -17.68% | -76.04% | |
44 Neutral | HK$34.40M | 26.36 | 0.34% | ― | -45.94% | ― |
CGN New Energy Holdings Co., Ltd. Corporate Events
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.
CGN New Energy Holdings Co., Ltd. reported a decrease in revenue and profit for the year ended December 31, 2024, with revenue down by 11% and profit attributable to equity shareholders down by 7.3% compared to the previous year. The decline in profit was mainly due to increased impairment and disposal losses related to property, plant, and equipment. However, excluding these one-off adjustments, the profit would have increased by 4.5%. The company announced a final dividend of 1.445 US cents per share, amounting to approximately US$62.0 million, reflecting 25% of the profit attributable to equity shareholders.
CGN New Energy Holdings Co., Ltd. announced a final ordinary cash dividend of USD 0.01445 per share for the financial year ending December 31, 2024. The dividend, payable in Hong Kong dollars, reflects the company’s ongoing commitment to returning value to shareholders and may enhance its attractiveness to investors, reinforcing its position in the renewable energy sector.
CGN New Energy Holdings Co., Ltd. has announced the disposal of its subsidiary, Nantong Meiya, by selling all its equity interests through a public tender process. The transaction, valued at RMB475,000,000, was completed with the successful bidder, Nantong Nengda, and marks a strategic move for CGN New Energy as it ceases its interest in Nantong Meiya. This disposal is categorized as a discloseable transaction under the Listing Rules, reflecting a significant shift in the company’s asset management strategy.
CGN New Energy Holdings Co., Ltd. reported a 1.8% increase in power generation for February 2025 compared to the same month in 2024, with a notable rise in solar and Korean projects, despite declines in wind, cogen, gas-fired, and hydro projects. The overall power generation for the first two months of 2025 decreased by 3.2% year-on-year, reflecting mixed performance across different energy segments, which may influence the company’s strategic focus and operational adjustments in the renewable energy market.
CGN New Energy Holdings Co., Ltd. reported a 7.5% decrease in overall power generation for January 2025 compared to the same month in 2024. The decline was primarily driven by a significant 34% drop in power generation from its Korean projects, alongside decreases in Chinese cogeneration, gas-fired, and hydro projects. However, the company saw an increase in power output from wind and solar projects in China, with gains of 9.4% and 18.2% respectively, attributed to better wind conditions and increased solar capacity. These shifts highlight the company’s continued efforts to enhance its renewable energy portfolio despite challenges in other sectors.