China Power International Development Ltd (HK:2380)
:2380
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$4.00
▲(23.46% Upside)
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
Steady operating margins
Net margins have been stable around mid-single digits over multiple years, reflecting predictable earnings from regulated generation. That durability supports cash earnings predictability and planning for capital-intensive investments across a 2–6 month horizon despite modest absolute margin levels.
Negative Factors
High leverage
Leverage near 3.6x materially constrains financial flexibility for a capital-intensive utility. It raises refinancing and interest-rate exposure, limits ability to fund organic investments internally, and increases solvency risk if cash generation weakens, a durable constraint on strategic options.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady operating margins
Net margins have been stable around mid-single digits over multiple years, reflecting predictable earnings from regulated generation. That durability supports cash earnings predictability and planning for capital-intensive investments across a 2–6 month horizon despite modest absolute margin levels.
Read all positive factors
China Power International Development (2380) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$46.02B
Dividend Yield6.83%
Average Volume (3M)21.55M
Price to Earnings (P/E)11.9
Beta (1Y)0.35
Revenue Growth-9.52%
EPS Growth-14.11%
CountryHK
Employees14,776
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-0.73
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$3.87Price Target Upside19.38% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.22
Revenue Forecast (FY)HK$48.44B
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. The company operates through Coal-Fired Electricity, Hydropower Electri...
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
Positive
3.24
Price Trends
3.34
Positive
3.29
Positive
3.32
Positive
Market Momentum
0.08
Negative
74.11
Negative
69.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2380, the sentiment is Positive. The current price of 3.24 is below the 20-day moving average (MA) of 3.49, below the 50-day MA of 3.34, and below the 200-day MA of 3.32, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 74.11 is Negative, neither overbought nor oversold. The STOCH value of 69.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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$110.06B | 7.58 | 12.76% | 5.89% | -3.11% | -5.45% | |
66 Neutral | HK$147.13B | 11.01 | 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$71.74B | 12.76 | 9.35% | 5.73% | 12.74% | 6.35% | |
61 Neutral | HK$243.21B | 24.98 | 7.69% | 3.50% | -16.49% | -5.62% | |
58 Neutral | HK$131.87B | 11.50 | 5.62% | 5.33% | -13.95% | -25.30% | |
56 Neutral | HK$46.02B | 11.93 | 5.96% | 6.83% | -9.52% | -14.11% |
* Utilities Sector Average
HK:2380
China Power International Development
3.79
0.78
25.96%
HK:1816
CGN Power Co
3.18
0.72
29.11%
HK:0916
China Longyuan Power Group
6.77
0.75
12.51%
HK:0836
China Resources Power Holdings Co
21.64
2.69
14.21%
HK:1071
Huadian Power International
4.75
0.72
17.75%
HK:0902
Huaneng Power International
7.50
2.87
62.13%
China Power International Development Corporate Events
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...
China Power Subsidiary SPIC Hydropower Posts Lower 2025 Revenue but Higher Core Profit After Restructuring
Apr 17, 2026
China Power International Development has consolidated its control over SPIC Hydropower, now a 55.13%-owned subsidiary listed in Shanghai, reflecting the completion of an asset restructuring and strengthening its foothold in hydropower generation....
China Power’s Hydropower Assets Beat 2025 Profit Targets, No Payouts Triggered
Apr 16, 2026
China Power International Development reported that hydropower assets involved in a major restructuring, including Wu Ling Power and Changzhou Hydropower, exceeded their committed net profit targets for 2025, meaning no compensation is payable to ...
China Power Unit Awards RMB250 Million EPC Deal for 100MW Guizhou Wind Farm
Apr 9, 2026
China Power International Development’s indirect subsidiary Ling’an New Energy has signed an engineering, procurement and construction contract with a consortium led by State Nuclear Institute for the Shidong Wind Power Project in Guiz...
China Power’s February 2026 Electricity Sales Drop on Weaker Coal and Renewables Output
Mar 26, 2026
China Power International Development reported that its group electricity sales fell to 8,132,358 MWh in February 2026, down 17.06% year on year, while total sales for the first two months of 2026 declined 6.03% to 18,591,901 MWh. The drop was dri...
China Power Adjusts AGM Date and Dividend Record Timetable for 2026
Mar 23, 2026
China Power International Development has rescheduled its 2026 annual general meeting from 4 June to 8 June 2026 due to administrative arrangements, prompting a change to the associated record date and book closure period. Shareholders’ elig...
China Power International Declares 2025 Final Dividend and Updates Key Dates
Mar 23, 2026
China Power International Development has declared a final ordinary dividend of RMB 0.168 per share for the financial year ended 31 December 2025, equivalent to HKD 0.1911 per share based on an exchange rate of RMB 1 to HKD 1.1375. The dividend, s...
China Power’s 2025 Profit Slips as Market-Based Tariffs Pressure Renewables
Mar 20, 2026
China Power International Development reported a 9.6% drop in 2025 revenue to RMB49.0 billion and a 9.5% decline in net profit to RMB5.9 billion, with earnings per share down 11.1%, even as total power generation and electricity sold edged only sl...
China Power Proposes 2025 Final Dividend and Clarifies Tax Treatment
Mar 20, 2026
China Power International Development plans to propose a final dividend of RMB0.168 per share for the 2025 financial year, equivalent to HK$0.1911, subject to shareholder approval at its annual general meeting on 4 June 2026. The company will clos...
China Power International Declares Final 2025 Dividend and Sets Key Dates
Mar 20, 2026
China Power International Development has declared a final ordinary dividend of RMB 0.168 per share for the financial year ended 31 December 2025, equivalent to HKD 0.1911 per share based on an exchange rate of RMB 1 to HKD 1.1375. The payout is s...
China Power unit hires SPIC affiliate for key Rizhao offshore wind consulting
Mar 18, 2026
China Power International Development’s indirect wholly owned unit Rizhao Wind Power has signed a comprehensive consulting services contract with Shandong Institute for the Rizhao Offshore Wind Power Project in Shandong province. The RMB176....
China Power Unit Wins RMB59.9 Million Intra-Group Dedusting Contract for Liutang Project
Mar 13, 2026
China Power International Development’s indirect non wholly-owned subsidiary Yuanda Engineering Company has signed a RMB59.86 million contract with Shandong Ludian, another unit of the group’s controlling shareholder SPIC, to supply de...
China Power International Sets March Board Meeting to Approve 2025 Results and Consider Dividend
Mar 10, 2026
China Power International Development announced that its board will meet on 20 March 2026 to approve the audited final results for the financial year ended 31 December 2025. At the same meeting, directors will also consider the declaration of a fi...
China Power’s January Power Sales Rise on Strong Coal and Gas Output
Mar 4, 2026
China Power International Development reported that its group-wide electricity sales reached 10,459,543 MWh in January 2026, a 4.79% increase year on year, driven mainly by strong growth in coal-fired and natural gas generation alongside modest ga...
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.