CGN Power Co (HK:1816)
:1816
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CGN Power Co
(1816)
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Rating:62Neutral
Price Target:
HK$4.00
▲(28.62% Upside)
Action:ReiteratedDate:03/26/26
The score is primarily held back by weaker recent fundamentals—TTM revenue decline, negative free cash flow, and elevated leverage—despite solid underlying profitability. Technicals are supportive with strong trend confirmation but show overbought conditions, while valuation is moderately attractive with a reasonable P/E and a ~2.76% yield.
Positive Factors
Regulated, contract-based power sales
CGN Power’s core revenue comes from electricity sold under regulated tariffs and contract arrangements, providing durable cash-flow visibility. Regulated/contracted pricing and grid sales reduce short-term commercial volatility and support predictable revenue streams over months to years.
Negative Factors
TTM revenue decline
A ~10% trailing-twelve-month revenue decline materially reduces scale and strains operating leverage in a capital-intensive business. For 2–6 months this weakens coverage of fixed costs, undermines margin sustainability, and increases reliance on unchanged tariff or volume recovery to restore financial health.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated, contract-based power sales
CGN Power’s core revenue comes from electricity sold under regulated tariffs and contract arrangements, providing durable cash-flow visibility. Regulated/contracted pricing and grid sales reduce short-term commercial volatility and support predictable revenue streams over months to years.
Read all positive factors
CGN Power Co (1816) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$243.12B
Dividend Yield3.5%
Average Volume (3M)66.69M
Price to Earnings (P/E)14.0
Beta (1Y)0.23
Revenue Growth-1.16%
EPS Growth-14.97%
CountryHK
Employees20,453
SectorUtilities
Sector Strength65
IndustryIndependent Power Producers
Share Statistics
EPS (TTM)0.03
Shares Outstanding11,163,625,000
10 Day Avg. Volume87,436,701
30 Day Avg. Volume66,688,277
Financial Highlights & Ratios
PEG Ratio-1.47
Price to Book (P/B)1.08
Price to Sales (P/S)1.82
P/FCF Ratio-64.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$4.23Price Target Upside35.96% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)0.2
Revenue Forecast (FY)HK$83.21B
CGN Power Co Business Overview & Revenue Model
Company Description
CGN Power Co., Ltd. generates and sells nuclear power in the People's Republic of China. The company is also involved in the construction activities. As of December 31, 2021, it operated and managed 25 nuclear power generating units with a total i...
How the Company Makes Money
CGN Power makes money mainly by generating electricity at its nuclear power units and selling that electricity to grid companies under regulated and contract-based arrangements. Its largest revenue stream is power sales (electricity generated and ...
CGN Power Co Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
46
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 73.14B | 86.80B | 82.55B | 82.82B | 80.68B |
| Gross Profit | 21.89B | 29.41B | 29.69B | 27.54B | 26.78B |
| EBITDA | 32.81B | 37.76B | 38.18B | 33.87B | 34.41B |
| Net Income | 9.51B | 10.81B | 10.72B | 9.96B | 9.76B |
Balance Sheet | |||||
| Total Assets | 506.24B | 425.40B | 415.25B | 409.02B | 399.99B |
| Cash, Cash Equivalents and Short-Term Investments | 20.84B | 16.79B | 15.58B | 14.84B | 15.83B |
| Total Debt | 279.79B | 199.34B | 207.29B | 206.42B | 210.49B |
| Total Liabilities | 328.08B | 253.08B | 249.95B | 251.09B | 249.08B |
| Stockholders Equity | 123.24B | 119.44B | 113.24B | 107.03B | 100.91B |
Cash Flow | |||||
| Free Cash Flow | -2.06B | 18.35B | 18.87B | 19.53B | 20.47B |
| Operating Cash Flow | 31.11B | 38.02B | 33.12B | 31.37B | 34.91B |
| Investing Cash Flow | -33.05B | -20.17B | -12.51B | -14.38B | -14.57B |
| Financing Cash Flow | 6.14B | -17.97B | -19.09B | -20.90B | -17.49B |
CGN Power Co Technical Analysis
Positive
3.11
Price Trends
3.28
Positive
3.15
Positive
3.05
Positive
Market Momentum
0.09
Positive
56.85
Neutral
41.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1816, the sentiment is Positive. The current price of 3.11 is below the 20-day moving average (MA) of 3.45, below the 50-day MA of 3.28, and above the 200-day MA of 3.05, indicating a bullish trend. The MACD of 0.09 indicates Positive momentum. The RSI at 56.85 is Neutral, neither overbought nor oversold. The STOCH value of 41.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1816.
CGN Power Co Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
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% | |
61 Neutral | HK$70.18B | 5.00 | 12.54% | 5.62% | -0.44% | 333.39% | |
61 Neutral | HK$59.63B | 7.66 | 9.76% | 5.73% | 8.09% | 24.77% | |
56 Neutral | HK$114.50B | 6.58 | 11.62% | 4.74% | -3.78% | 34.93% | |
52 Neutral | HK$113.04B | 11.02 | 6.01% | 5.33% | -9.28% | -7.71% |
* Utilities Sector Average
HK:1816
CGN Power Co
3.43
1.07
45.22%
HK:0991
Datang International Power Generation Co
2.55
1.12
77.95%
HK:0916
China Longyuan Power Group
7.00
1.40
25.04%
HK:0836
China Resources Power Holdings Co
18.84
2.00
11.88%
HK:1071
Huadian Power International
4.06
0.10
2.55%
HK:0902
Huaneng Power International
5.95
1.81
43.86%
CGN Power Co Corporate Events
CGN Power Re-Appoints KPMG Huazhen as Auditor for 2026 Financial Report
Mar 25, 2026
CGN Power Co., Ltd. has resolved to re-appoint KPMG Huazhen LLP as the auditor for its 2026 financial report, following approval at the nineteenth meeting of the fourth session of its board of directors on March 25, 2026. The re-appointment, which...
CGN Power Reappoints Pan-China as 2026 Internal Control Auditor
Mar 25, 2026
CGN Power Co., Ltd. has announced that its board approved the re-appointment of Pan-China Certified Public Accountants (Special General Partnership) as the company’s internal control auditing agency for 2026. The decision, made at the ninete...
CGN Power Proposes Final 2025 Dividend of RMB 0.086 Per Share
Mar 25, 2026
CGN Power Co., Ltd. has proposed a final ordinary dividend of RMB 0.086 per share for the financial year ended 31 December 2025, with shareholder approval scheduled for 20 May 2026. The ex-dividend date is set for 22 May 2026, the record date for ...
CGN Power Seeks Approval for Major 2027–2029 Fuel and Financial Deals With Parent CGN
Mar 25, 2026
CGN Power has approved entering into new framework agreements with its controlling shareholder China General Nuclear (CGN) for nuclear fuel supply and services and for financial services covering the years 2027 to 2029, subject to independent shar...
CGN Power Sets Stricter Governance Rules for Executive Pay
Mar 25, 2026
CGN Power Co., Ltd. has introduced a set of management rules governing the remuneration of its directors and senior management, aiming to establish a more structured, performance-linked, and transparent pay framework. The rules define the scope of...
CGN Power Sees Profit Decline in 2025 but Maintains Dividend Payout
Mar 25, 2026
CGN Power reported 2025 group operating revenue of RMB75.70 billion, down 4.1% year on year, with net profit attributable to shareholders slipping 9.9% to RMB9.77 billion. Excluding non-recurring items, net profit fell 15.1% to RMB9.11 billion, hi...
CGN Power Raises RMB2 Billion via 2026 Super Short-Term Debentures to Refinance Subsidiary Debt
Mar 18, 2026
CGN Power has issued the third and fourth tranches of its 2026 super short-term financing debentures in China’s interbank market, each with a size of RMB1 billion, a 268-day maturity and a coupon rate of 1.50 percent. The two tranches, arran...
CGN Power Sets March 25 Board Meeting to Review 2025 Results and Dividend
Mar 10, 2026
CGN Power Co., Ltd. has scheduled a board meeting for March 25, 2026 to review and approve its annual results for the year ended December 31, 2025. The board will also consider the potential payment of a final dividend, signaling upcoming clarity ...
CGN Power Raises RMB2 Billion via 2026 Super Short-Term Debentures to Refinance Subsidiary Debt
Feb 11, 2026
CGN Power has issued the first and second tranches of its 2026 super short-term financing debentures in China’s interbank market, each with a size of RMB1 billion, a term of 268 days and a coupon of 1.55%. The issues, arranged respectively b...
CGN Power Names Veteran Executive Zhou Jianping as General Counsel
Jan 21, 2026
CGN Power Co., Ltd. has appointed vice president Zhou Jianping as its general counsel, with his term running from 21 January 2026 to 31 December 2027. Zhou, a doctorate holder and professorate senior engineer with more than 25 years’ experie...
CGN Power Opens Conversion Window for A Share Convertible Bonds
Jan 12, 2026
CGN Power Co., Ltd. has announced that its A Share Convertible Corporate Bonds, issued to non-specific investors, will become eligible for conversion into A shares of the company starting from January 15, 2026, in accordance with the terms set out...
CGN Power Posts Higher 2025 Nuclear Output and Details Maintenance Schedule
Jan 8, 2026
CGN Power Co. reported that its nuclear power generating units produced approximately 247,013 GWh of electricity in 2025, a 2% increase year on year, with on-grid power generation rising 2.36% to about 232,648 GWh. Growth was supported by higher o...
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.