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CGN Power Co
(OTC:1816)
CGN Power Co (1816) vs. iShares MSCI Hong Kong ETF (EWH)
CGN Power Co Business Overview & Revenue Model
CGN Power Co Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 86.80B | 82.55B | 82.82B | 80.07B | 69.96B | Gross Profit |
| 29.41B | 29.69B | 27.54B | 26.17B | 25.54B | EBIT |
| 21.97B | 20.59B | 18.84B | 18.31B | 16.89B | EBITDA |
| 37.76B | 38.18B | 35.56B | 35.43B | 35.73B | Net Income Common Stockholders |
| 10.81B | 10.72B | 9.96B | 9.76B | 9.56B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 16.79B | 15.58B | 14.69B | 15.72B | 12.13B | Total Assets |
| 425.40B | 415.25B | 409.02B | 399.99B | 391.90B | Total Debt |
| 199.34B | 207.29B | 206.42B | 210.49B | 213.21B | Net Debt |
| 182.55B | 191.71B | 191.73B | 194.77B | 201.08B | Total Liabilities |
| 253.08B | 249.95B | 251.09B | 249.08B | 250.27B | Stockholders Equity |
| 119.44B | 113.24B | 107.03B | 100.91B | 95.27B |
| Cash Flow | Free Cash Flow | |||
| 18.35B | 18.87B | 19.53B | 20.47B | 16.65B | Operating Cash Flow |
| 38.02B | 33.12B | 31.37B | 34.91B | 30.15B | Investing Cash Flow |
| -20.17B | ― | ― | ― | ― | Financing Cash Flow |
| -17.97B | -19.09B | -20.90B | ― | ― |
CGN Power Co Technical Analysis
CGN Power Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$185.53B | 12.12 | 8.56% | 0.21% | 3.95% | -6.94% | |
64 Neutral | $8.54B | 10.40 | 4.24% | 4.63% | 4.14% | -13.05% | |
| £5.36B | 7.71 | 17.92% | <0.01% | ― | ― | ||
| $14.46B | 9.20 | 7.93% | 3.54% | ― | ― | ||
| $13.98B | 6.13 | 15.59% | 7.63% | ― | ― | ||
| $8.00B | 7.71 | 13.59% | 5.54% | ― | ― | ||
| $14.30B | 9.95 | 7.63% | 4.58% | ― | ― |
CGN Power Co Corporate Events
CGN Power Co., Ltd. announced the approval of the construction of new nuclear power units at Taishan and Fangchenggang, which will utilize HPR1000 technology. This development marks a significant step in the company’s expansion strategy, potentially enhancing its market position in the nuclear energy sector. The construction will commence once the necessary permits are obtained, indicating a forward momentum in their operational capabilities.
CGN Power Co., Ltd. released its unaudited first quarterly report for 2025, highlighting the financial performance of the company and its subsidiaries for the three months ending March 31, 2025. The report, prepared in accordance with China Accounting Standards for Business Enterprises, underscores the company’s commitment to transparency and accuracy in financial reporting, although it has not been audited. This announcement is significant for stakeholders as it provides insights into the company’s operational efficiency and financial health, potentially impacting its market positioning and investor confidence.
CGN Power Co., Ltd. has announced its 2024 annual general meeting scheduled for May 21, 2025, where several key resolutions will be considered. These include approval of the 2024 financial reports, profit distribution, investment plans, and the appointment of auditors for 2025. Special resolutions involve the issuance of interbank debt financing instruments and mandates related to share issuance and repurchase, indicating strategic financial maneuvers to strengthen its market position.
CGN Power Co., Ltd. has announced the upcoming 2025 first H Shareholders’ Class Meeting, scheduled for May 21, 2025, in Shenzhen, China. The meeting will address several key resolutions, including granting the Board of Directors a mandate to repurchase A and/or H shares and extending the validity period for the issuance of A Share Convertible Corporate Bonds. These resolutions, if passed, could impact the company’s financial strategies and shareholder value, reflecting its ongoing efforts to optimize capital structure and enhance market positioning.
CGN Power Co., Ltd. reported a notable increase in power generation for the first quarter of 2025, with a total of approximately 60,174 GWh, marking a year-on-year rise of 9.25%. The on-grid power generation also saw a similar increase of 9.41%, reaching 56,689 GWh. This growth is attributed to shorter refueling outages at several power stations and the commencement of commercial operations at Fangchenggang Unit 4 in May 2024. These developments highlight the company’s enhanced operational efficiency and its strategic positioning in the nuclear power sector.
CGN Power Co., Ltd. announced that its controlling shareholder, China General Nuclear Power Corporation, plans to increase its holding of H shares in the company by up to 5% within the next 12 months. This move reflects the shareholder’s confidence in the company’s value and its sustainable and stable development prospects, potentially strengthening CGN Power’s market position and signaling positive future growth to stakeholders.
CGN Power Co., Ltd. has scheduled a board meeting for April 23, 2025, to review and approve the company’s first quarterly results for the period ending March 31, 2025. This meeting is crucial for stakeholders as it will provide insights into the company’s financial performance and strategic direction.
CGN Power Co., Ltd. has announced the extension of the validity period for resolutions related to the issuance of A Share Convertible Corporate Bonds to non-specific investors. This extension, approved by the company’s board, is necessary to ensure the smooth continuation of the issuance process, as the original validity periods are nearing expiration. The extension will last for an additional twelve months, allowing the company to maintain its strategic financial initiatives without disruption.
CGN Power Co., Ltd. has announced the re-appointment of Pan-China Certified Public Accountants as its internal control auditing agency for the year 2025. This decision, approved by the company’s Board of Directors, is pending consideration at the general meeting. The re-appointment is part of the company’s efforts to maintain robust internal controls and ensure transparency in its operations, which is crucial for its stakeholders and market positioning.
CGN Power Co., Ltd. has announced the re-appointment of KPMG Huazhen LLP as the auditing agency for its 2025 financial report. This decision, approved by the Board of Directors, aligns with regulatory requirements and will be presented for consideration at the company’s general meeting, reflecting CGN Power’s commitment to maintaining transparency and compliance in its financial reporting.
CGN Power Co., Ltd. has announced the approval of a new Engineering Services Framework Agreement for 2026-2028 with its controlling shareholder, CGN. This agreement, which requires approval from independent shareholders at the 2024 AGM, will continue the provision of various engineering services to the CGN Group, reflecting the company’s ongoing strategic partnership and operational continuity. The agreement is significant as it constitutes non-exempt continuing connected transactions under the Listing Rules, necessitating reporting and independent shareholder approval, thus impacting CGN Power’s operational and financial planning.
CGN Power Co., Ltd. announced a final cash dividend of RMB 0.095 per share for the financial year ending December 31, 2024. This announcement underscores the company’s commitment to returning value to its shareholders and may enhance its attractiveness to investors, reinforcing its position in the energy sector.
CGN Power Co., Ltd. has announced the reappointment of key executives, including Mr. Gao Ligang as President and Mr. Yin Engang as Chief Financial Officer, among others, following the expiration of their terms on December 31, 2024. This decision reflects the company’s commitment to maintaining stability and continuity in its leadership, which is critical for its operations and strategic positioning in the nuclear power industry.
CGN Power Co., Ltd. announced its financial results for the year ended December 31, 2024, reporting an operating revenue of approximately RMB86,804.4 million, marking a 5.2% increase from the previous year. The net profit attributable to shareholders rose by 0.8% to RMB10,813.9 million. The company also declared a final cash dividend of RMB0.095 per share. These results highlight the company’s stable financial performance and its commitment to providing returns to its shareholders, indicating a positive outlook for its operations in the energy sector.
CGN Power Co., Ltd. has received approval from the China Securities Regulatory Commission for the registration of its issuance of convertible corporate bonds to non-specific investors. This approval allows the company to proceed with its plans to issue these bonds within a 12-month period, adhering to the submission documents and issuance plans filed with the Shenzhen Stock Exchange. The move is expected to enhance the company’s financial flexibility and support its strategic initiatives in the nuclear energy sector.
CGN Power Co., Ltd. has announced a board meeting scheduled for March 26, 2025, to review and approve the annual results for the year ended December 31, 2024, and to consider the payment of a final dividend. This meeting is a significant event for stakeholders as it will determine the company’s financial performance and potential returns for investors.
CGN Power Co., Ltd. announced the successful issuance of its first tranche of medium-term notes for 2025, amounting to RMB2.4 billion with a three-year maturity and an interest rate of 1.97%. The proceeds will be used to repay maturing short-term financing debentures and subsidiary borrowings, reflecting the company’s strategic financial management and positioning in the PRC interbank debenture market.
CGN Power Co., Ltd. has announced the commencement of full construction for Lufeng Unit 1, a nuclear reactor with an installed capacity of 1,245MW, set to begin on February 24, 2025. This development marks a significant step in the company’s expansion efforts and is expected to enhance its operational capabilities within the nuclear power industry.
CGN Power Co., Ltd. announced the approval of its application for issuing A Share Convertible Corporate Bonds to non-specific investors by the Shenzhen Stock Exchange’s Listing Review Committee. This issuance is aimed at bolstering the company’s financial strategy, although it still awaits registration approval from the CSRC, introducing some uncertainty to the process. Investors are cautioned about potential investment risks.