Want to see HK:2380 full AI Analyst Report?
Top Page
China Power International Development
(2380)
Select Model
Select Model
Rating:56Neutral
Price Target:
HK$3.00
▼(-7.41% Downside)
Action:Downgraded
Date:03/22/26
The score is held back primarily by financial constraints—high leverage and consistently negative free cash flow—despite stable profitability. Valuation is a major positive (very low P/E and high dividend yield), while technical signals are mostly neutral with only mild oversold indications.
Positive Factors
Stable operating profitability
Consistent mid-single-digit net margins across multiple years show the core generation business can sustain profitability through cycles. That steadiness underpins long-term cash generation potential from operations and supports planning for maintenance, refinancing, and incremental investment despite limited margin expansion.
Negative Factors
High leverage
Elevated debt-to-equity (~3.6x) materially limits financial flexibility in a capital-intensive utility model. It increases refinancing and interest-rate risk, constrains the ability to fund greenfield projects or upgrades internally, and heightens vulnerability to revenue or cash-flow shocks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable operating profitability
Consistent mid-single-digit net margins across multiple years show the core generation business can sustain profitability through cycles. That steadiness underpins long-term cash generation potential from operations and supports planning for maintenance, refinancing, and incremental investment despite limited margin expansion.
Read all positive factors
China Power International Development (2380) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$33.89B
Dividend Yield6.83%
Average Volume (3M)21.55M
Price to Earnings (P/E)10.1
Beta (1Y)0.45
Revenue Growth-9.52%
EPS Growth-14.11%
CountryHK
Employees16,660
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)0.24
Shares Outstanding12,370,151,000
10 Day Avg. Volume16,937,795
30 Day Avg. Volume21,554,934
Financial Highlights & Ratios
PEG Ratio-0.85
Price to Book (P/B)0.61
Price to Sales (P/S)0.75
P/FCF Ratio-26.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$5.10Price Target Upside57.41% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.24
Revenue Forecast (FY)HK$48.10B
China Power International Development Business Overview & Revenue Model
Company Description
China Power International Development Limited, an investment holding company, develops, constructs, owns, operates, and manages power plants in the People’s Republic of China and internationally. It operates through Thermal Power Electricity, Hydr...
How the Company Makes Money
China Power International Development primarily makes money by generating electricity and selling it to grid companies/customers under applicable market mechanisms and regulatory frameworks in China. Its key revenue stream is electricity sales fro...
China Power International Development Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
38
Negative
Cash Flow
29
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 47.76B | 56.22B | 46.14B | 44.40B | 35.93B |
| Gross Profit | 11.10B | 35.20B | 25.57B | 19.45B | 16.59B |
| EBITDA | 21.12B | 25.60B | 19.40B | 13.07B | 10.63B |
| Net Income | 3.32B | 3.86B | 3.08B | 2.65B | -256.26M |
Balance Sheet | |||||
| Total Assets | 367.71B | 340.46B | 305.81B | 211.40B | 175.25B |
| Cash, Cash Equivalents and Short-Term Investments | 6.60B | 6.15B | 5.80B | 6.67B | 3.33B |
| Total Debt | 210.42B | 197.36B | 168.71B | 116.61B | 105.92B |
| Total Liabilities | 249.63B | 232.92B | 210.79B | 142.81B | 122.87B |
| Stockholders Equity | 58.66B | 54.90B | 53.64B | 46.97B | 36.05B |
Cash Flow | |||||
| Free Cash Flow | -1.36B | -16.36B | -15.56B | -11.87B | -15.62B |
| Operating Cash Flow | 18.63B | 10.62B | 9.90B | 5.73B | 1.55B |
| Investing Cash Flow | -21.70B | -35.17B | -26.84B | -20.08B | -18.72B |
| Financing Cash Flow | 3.37B | 24.89B | 18.45B | 16.81B | 17.61B |
China Power International Development Technical Analysis
Negative
3.24
Price Trends
3.12
Negative
3.10
Negative
3.13
Negative
Market Momentum
-0.12
Negative
37.72
Neutral
54.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2380, the sentiment is Negative. The current price of 3.24 is above the 20-day moving average (MA) of 2.77, above the 50-day MA of 3.12, and above the 200-day MA of 3.13, indicating a bearish trend. The MACD of -0.12 indicates Negative momentum. The RSI at 37.72 is Neutral, neither overbought nor oversold. The STOCH value of 54.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2380.
China Power International Development Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$94.07B | 6.49 | 12.76% | 5.89% | -3.11% | -5.45% | |
66 Neutral | HK$115.26B | 9.61 | 13.13% | 4.74% | -6.95% | 61.55% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
64 Neutral | HK$59.98B | 9.41 | 10.20% | 5.73% | 12.74% | 6.35% | |
61 Neutral | HK$209.77B | 20.97 | 7.69% | 3.50% | -16.49% | -5.62% | |
58 Neutral | HK$112.10B | 9.05 | 5.62% | 5.33% | -13.95% | -25.30% | |
56 Neutral | HK$33.89B | 10.06 | 5.96% | 6.83% | -9.52% | -14.11% |
* Utilities Sector Average
HK:2380
China Power International Development
2.74
-0.26
-8.67%
HK:1816
CGN Power Co
2.73
-0.11
-3.91%
HK:0916
China Longyuan Power Group
5.29
-1.60
-23.20%
HK:0836
China Resources Power Holdings Co
18.17
-0.66
-3.52%
HK:1071
Huadian Power International
3.93
-0.11
-2.63%
HK:0902
Huaneng Power International
5.79
1.22
26.81%
China Power International Development Corporate Events
China Power’s Stake in SPIC Hydropower Diluted After RMB4.36 Billion Share Placement
Jul 17, 2026
China Power International Development said its subsidiary SPIC Hydropower, listed on the Shanghai Stock Exchange, has completed a placement of new A shares to qualified PRC investors. The transaction reflects ongoing capital markets activity aroun...
China Power Seeks to Sell Qiyuanxin Stake via Public Tender
Jul 16, 2026
China Power International Development plans to dispose of its entire 24.8726% equity stake in associate Qiyuanxin Power via a public tender on the Shanghai United Assets and Equity Exchange, as required for state-owned assets. The move reflects th...
China Power Subsidiaries Secure RMB118 Million Desulfurization EPC Deal With Connected Party
Jul 7, 2026
China Power International Development has entered into a connected transaction via its indirect non wholly-owned subsidiaries Yuanda Engineering and Yuanda Waterworks, which signed an EPC contracting agreement with Tuoli Power on 7 July 2026. The ...
China Power Subsidiaries Secure RMB146.8 Million Connected EPC Deal for Desulfurization Project
Jul 3, 2026
China Power International Development’s indirect subsidiaries Yuanda Engineering and Yuanda Waterworks have signed an engineering, procurement and construction (EPC) contracting agreement with fellow SPIC subsidiary Chayuan Power to build a ...
China Power Subsidiaries Win RMB219.9 Million Desulfurization EPC Deal
Jul 2, 2026
China Power International Development’s indirect non wholly-owned subsidiaries Yuanda Engineering and Yuanda Waterworks have formed a consortium to act as main contractor for a desulfurization system at the Liutang Project. The consortium wi...
China Power’s SPIC Hydropower Plans Up to RMB5 Billion A-Share Placing
Jun 26, 2026
China Power International Development’s non wholly-owned subsidiary SPIC Hydropower is moving ahead with a planned placing of new A shares in Shanghai, following the completion of an asset restructuring in late 2025. The offering will involv...
China Power’s May Electricity Sales Rise on Surging Hydropower Despite Year-to-Date Dip
Jun 26, 2026
China Power International Development reported that total electricity sold by the group in May 2026 rose 4.55% year on year to 10,754,514 MWh, driven largely by a near doubling of hydropower output, while wind, solar, coal and gas volumes declined...
China Power Taps SPIC Unit for RMB166 Million Offshore Wind Consultancy
Jun 9, 2026
China Power International Development’s indirect subsidiary Shandong New Energy has commissioned Shandong Institute, an affiliate of its controlling shareholder SPIC, to provide pre-development and technical consultancy for an offshore wind ...
China Power International Wins Strong Shareholder Backing at Virtual AGM
Jun 8, 2026
China Power International Development held its annual general meeting on 8 June 2026 as a virtual session, with all directors and the external auditor in attendance via electronic means. Shareholders representing over 12.37 billion eligible shares...
China Power Signs RMB435 Million EPC Deal for Lubei Phase II Clean Energy Project
Jun 1, 2026
China Power International Development’s indirect non wholly-owned subsidiary Weifang New Energy has signed an EPC contracting agreement for Phase II of the Lubei wind-solar-storage-transmission integrated project in Weifang, Shandong. A cons...
China Power’s April Power Sales Rise on Hydropower Surge Despite Year-to-Date Dip
May 29, 2026
China Power International Development reported that total electricity sold by the group reached 10,693,382 MWh in April 2026, up 4.8% year on year, driven largely by a 179.22% surge in hydropower sales and solid growth in environmental power. Howe...
China Power Issues RMB2 Billion Medium-Term Note Under Renewed PRC Debt Scheme
May 22, 2026
China Power International Development has renewed its registration with the National Association of Financial Market Institutional Investors, allowing it to issue multiple types of debt financing instruments in mainland China over a two-year perio...
China Power unit wins RMB79 million connected contract for Baicheng dedusting project
May 11, 2026
China Power International Development’s indirect subsidiary, Yuanda Engineering Company, has agreed to supply ESP-based dedusting facilities and related engineering services for Shandong Ludian’s Baicheng Project for RMB79.25 million, ...
China Power Unit Wins RMB117.8 Million Desulfurization EPC Deal With SPIC Affiliate
Apr 30, 2026
China Power International Development’s indirect non-wholly owned subsidiary Yuanda Engineering Company has signed an engineering, procurement and construction contract with SPIC associate Hechuan Power to build a desulfurization system for ...
China Power’s SPIC Hydropower Q1 Net Profit Jumps Despite Revenue Decline
Apr 30, 2026
China Power International Development reported that its 55.13%-owned subsidiary SPIC Hydropower posted an 18.55% year-on-year decline in first-quarter 2026 revenue to RMB2.47 billion, but net profit attributable to shareholders surged 168% to RMB3...
China Power Sets Virtual AGM to Approve Dividend, Director Re-election and Share Mandate
Apr 24, 2026
China Power International Development has called its 2026 annual general meeting for 8 June, to be held virtually, signaling a continued reliance on online shareholder participation. Shareholders will be asked to receive the 2025 audited results, ...
China Power Reports Q1 2026 Electricity Sales Decline Amid Mixed Generation Trends
Apr 24, 2026
China Power International Development reported that its total electricity sold in March 2026 fell 3.96% year on year to about 10.53 million MWh, with first-quarter sales down 5.29% to 29.12 million MWh, based on preliminary internal statistics. Th...
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.