CGN Power Co (HK:1816)
:1816
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CGN Power Co
(1816)
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Rating:61Neutral
Price Target:
HK$3.50
▲(12.54% Upside)
Action:ReiteratedDate:04/30/26
The score is primarily held back by weaker cash flow (negative free cash flow in 2025 and TTM) and elevated leverage despite steady profitability. Offsetting this, technicals are moderately supportive with the stock above key moving averages, and valuation appears reasonable with a ~3% dividend yield.
Positive Factors
Stable profitability and margins
Consistent positive earnings and healthy margins indicate the core nuclear generation business sustains resilient operating economics. Over a multi-month horizon this supports earnings stability, underwriting maintenance and refueling cycles, and provides a base for steady cash generation even if growth moderates.
Negative Factors
Elevated leverage
High and rising leverage constrains financial flexibility for a capital-intensive operator. It increases refinancing and interest-rate sensitivity, limits capacity for organic or JV investment, and elevates default or covenant risk under stress, making multi-month funding plans and growth initiatives more contingent on external markets.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable profitability and margins
Consistent positive earnings and healthy margins indicate the core nuclear generation business sustains resilient operating economics. Over a multi-month horizon this supports earnings stability, underwriting maintenance and refueling cycles, and provides a base for steady cash generation even if growth moderates.
Read all positive factors
CGN Power Co (1816) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$245.37B
Dividend Yield3.5%
Average Volume (3M)66.69M
Price to Earnings (P/E)14.4
Beta (1Y)0.28
Revenue Growth-16.49%
EPS Growth-5.62%
CountryHK
Employees20,453
SectorUtilities
Sector Strength65
IndustryIndependent Power Producers
Share Statistics
EPS (TTM)0.19
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$4.06Price Target Upside30.41% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)0.21
Revenue Forecast (FY)HK$83.45B
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 primarily makes money by selling electricity generated at its nuclear power plants. Revenue is earned from on-grid electricity sales where generated power is delivered to the grid and sold to power purchasers under applicable on-grid tar...
CGN Power Co Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
52
Neutral
Cash Flow
48
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 71.60B | 73.14B | 86.80B | 82.55B | 82.82B | 80.68B |
| Gross Profit | 23.03B | 21.89B | 29.41B | 29.69B | 27.54B | 26.78B |
| EBITDA | 24.84B | 32.81B | 37.76B | 38.18B | 33.87B | 34.41B |
| Net Income | 9.44B | 9.51B | 10.81B | 10.72B | 9.96B | 9.76B |
Balance Sheet | ||||||
| Total Assets | 528.51B | 506.24B | 425.40B | 415.25B | 409.02B | 399.99B |
| Cash, Cash Equivalents and Short-Term Investments | 25.39B | 20.84B | 16.79B | 15.58B | 14.84B | 15.83B |
| Total Debt | 300.03B | 279.79B | 199.34B | 207.29B | 206.42B | 210.49B |
| Total Liabilities | 348.76B | 328.08B | 253.08B | 249.95B | 251.09B | 249.08B |
| Stockholders Equity | 125.50B | 123.24B | 119.44B | 113.24B | 107.03B | 100.91B |
Cash Flow | ||||||
| Free Cash Flow | -6.45B | -2.06B | 18.35B | 18.87B | 19.53B | 20.47B |
| Operating Cash Flow | 33.17B | 31.11B | 38.02B | 33.12B | 31.37B | 34.91B |
| Investing Cash Flow | -39.70B | -33.05B | -20.17B | -12.51B | -14.38B | -14.57B |
| Financing Cash Flow | 12.59B | 6.14B | -17.97B | -19.09B | -20.90B | -17.49B |
CGN Power Co Technical Analysis
Neutral
3.11
Price Trends
3.31
Negative
3.17
Positive
3.07
Positive
Market Momentum
>-0.01
Positive
40.43
Neutral
10.39
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1816, the sentiment is Neutral. The current price of 3.11 is below the 20-day moving average (MA) of 3.46, below the 50-day MA of 3.31, and above the 200-day MA of 3.07, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.43 is Neutral, neither overbought nor oversold. The STOCH value of 10.39 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$75.61B | 3.92 | 12.54% | 5.62% | -2.05% | 96.13% | |
68 Neutral | HK$99.76B | 6.06 | 12.76% | 5.89% | -3.11% | -5.45% | |
66 Neutral | HK$117.50B | 5.19 | 11.62% | 4.74% | -6.95% | 61.55% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
64 Neutral | HK$63.90B | 6.33 | 9.76% | 5.73% | 12.74% | 6.35% | |
61 Neutral | HK$245.37B | 14.39 | 7.98% | 3.50% | -16.49% | -5.62% | |
58 Neutral | HK$119.20B | 11.02 | 6.01% | 5.33% | -13.95% | -25.30% |
* Utilities Sector Average
HK:1816
CGN Power Co
3.48
1.10
46.16%
HK:0991
Datang International Power Generation Co
2.70
0.94
53.15%
HK:0916
China Longyuan Power Group
6.66
0.98
17.17%
HK:0836
China Resources Power Holdings Co
19.27
1.23
6.84%
HK:1071
Huadian Power International
4.25
0.02
0.38%
HK:0902
Huaneng Power International
6.25
1.60
34.29%
CGN Power Co Corporate Events
CGN Power’s Cangnan Unit 1 Cleared for Commercial Operation, Boosting Nuclear Capacity
Apr 29, 2026
CGN Power has announced that Unit 1 of CGN Cangnan Nuclear Power Co., Ltd. has completed all commissioning work and is now qualified for commercial operation, pending final regulatory procedures and permits. Once fully in commercial service, the u...
CGN Power Publishes Unaudited First-Quarter 2026 Results as Inside Information
Apr 28, 2026
CGN Power Co., Ltd. has released its unaudited financial results for the first quarter of 2026, prepared under China Accounting Standards for Business Enterprises and published simultaneously in Chinese and English. The report, covering the period...
CGN Power to Acquire Controlling Stakes in Two Cangnan Nuclear Units for RMB8.3 Billion
Apr 28, 2026
CGN Power Co. has agreed to acquire 46% of Cangnan Nuclear and 51% of Cangnan Second Nuclear from its controlling shareholder, China General Nuclear Power Corporation, for a total cash consideration of about RMB8.347 billion. Upon completion, both...
CGN Power starts planned refuelling outage at Taishan Unit 2
Apr 28, 2026
CGN Power announced that Taishan Unit 2, one of the world’s first EPR nuclear reactor units in commercial operation, has begun its planned annual refuelling outage at the end of 2025. The unit, owned by non‑wholly owned subsidiary Tais...
CGN Power Raises RMB2 Billion via Dual Tranche 2026 Medium-Term Notes
Apr 22, 2026
CGN Power has issued the first and second tranches of its 2026 medium-term notes in the PRC interbank debenture market, raising a total of RMB2 billion. Each tranche amounts to RMB1 billion, carries a three-year maturity to April 22, 2029, and pay...
CGN Power Sets 2025 AGM to Approve Strategy, Budgets and New Framework Deals
Apr 20, 2026
CGN Power Co., Ltd. has called its 2025 annual general meeting for May 20, 2026 in Shenzhen, where shareholders will review the 2025 board report, annual report, audited financial results and profit distribution plan, as well as the 2025 performan...
CGN Power Seeks Share Repurchase Mandate at 2026 H Shareholders’ Meeting
Apr 20, 2026
CGN Power has called its first 2026 H Shareholders’ class meeting for May 20, 2026 in Shenzhen to seek approval for a special resolution granting the board a general mandate to repurchase A shares and/or H shares during a specified period. E...
CGN Power’s Huizhou Unit 1 Cleared for Commercial Nuclear Operation
Apr 20, 2026
CGN Power announced that Unit 1 of its subsidiary CGN Huizhou Nuclear Power Co., Ltd. has completed all commissioning work and has been deemed qualified for commercial operation as of April 19, 2026. Once the necessary permits and procedures are f...
CGN Power Sets April 28 Board Meeting to Approve First-Quarter 2026 Results
Apr 13, 2026
CGN Power Co., Ltd. has scheduled a board meeting for April 28, 2026 to review and approve the first quarterly results for the three months ended March 31, 2026, along with the related results announcement. The timing signals that investors and ot...
CGN Power’s Q1 2026 Nuclear Output Drops 10% on Extended Outages
Apr 9, 2026
CGN Power reported that total nuclear power generation for the first quarter of 2026 fell about 10% year on year to 54,096 GWh, with on-grid power output down by a similar margin to 50,957 GWh. The decline was mainly driven by longer refuelling ou...
CGN Power Says Controlling Shareholder’s H-Share Increase Plan Has Lapsed
Apr 8, 2026
CGN Power announced that the implementation period for its controlling shareholder’s plan to increase holdings of the company’s H shares has lapsed. The plan, originally set for a 12‑month window from April 8, 2025, aimed to rais...
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...
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.