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0836.HK — HKEX Independent Power Producers

China Resources Power Holdings Co Ltd

HK$20,36
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Mcap
105,4B HKD
P/E
—
EV / Rev
—
Div yield
5,85 %
Op margin
21,5 %
ROE
12,1 %
Net margin
14,5 %
Debt / equity
1,76
Beta
—
52w range
—
Volume
—
Day range
—
Prev close
—
Open
—
Next earnings
—
Ex-dividend
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TR 1Y
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About

China Resources Power Holdings Co Ltd generates revenue primarily through the production and sale of electricity from coal, natural gas, and renewable energy sources.

Business. China Resources Power Holdings Co Ltd (0836.HK) is an independent power producer operating within the utilities sector. The company is headquartered in China and is primarily listed on the Hong Kong Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not provided in the available data.

Classification92 %
SectorUtilities
IndustryIndependent Power Producers
ActivityUtilities
Generated · model-assisted
Sell-side consensus
HOLD15 analysts
5 buy7 hold3 sell
Avg 12m price target20,11

Analyst recommendations

15 analysts · consensus Hold
Buy5
Hold7
Sell3
12-month price target
20,11
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
—
not yet scored
Valuation
—
valuation pending
Analysts→
Hold
15 analysts · indicative
Ownership
—
not yet wired
Profitability→
12,1 %
return on equity
Quality
—
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 0836.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities · THIS SECTOR−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to 0836.HK. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    China Resources Power Holdings Co Ltd (0836.HK) is an independent power producer operating within the utilities sector. The company is headquartered in China and is primarily listed on the Hong Kong Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not provided in the available data.

    Classification92 %
    SectorUtilities
    IndustryIndependent Power Producers
    ActivityUtilities
    AI synthesis
    GENERATED

    China Resources Power has a market capitalization of HKD 105.4 billion and a price-to-earnings ratio of 7.13, which is below the industry median of 8.2. The company's price-to-book ratio of 0.86 suggests it is trading at a discount to its book value, while its enterprise value to EBITDA of 14.58 is in line with the industry median of 14.3. The company's liquidity position is characterized by a current ratio of 0.51, indicating a medium liquidity risk. Free cash flow is negative at HKD -17.8 billion, driven by capital expenditures of HKD -47.2 billion.

    Profitability metrics show a return on equity of 12.1%, which is above the industry median of 9.8%, and a return on assets of 3.61%, slightly below the median of 4.1%. Operating income of HKD 21.96 billion and net income of HKD 14.79 billion reflect a strong performance in a competitive sector. The company's debt-to-equity ratio of 1.76 is higher than the industry median of 1.3, indicating a more leveraged capital structure.

    The company's revenue is concentrated in mainland China, with no material exposure to international markets. It operates through three main segments: coal-fired power, gas-fired power, and renewable energy. The coal segment contributes the largest share of revenue, followed by gas and renewables. The company has not disclosed specific revenue percentages by segment.

    Looking ahead, the company is expected to grow revenue by 4.2% in the current fiscal year and 3.8% in the next, driven by capacity additions in the renewable segment. Capital expenditures are projected to remain high as the company continues to expand its renewable energy portfolio.

    The company faces medium liquidity risk due to a current ratio of 0.51 and a negative free cash flow. The risk assessment also highlights a key flag: net cash is negative after subtracting total debt. Dilution risk is assessed as low, with no significant dilution expected in the near term.

    Recent filings and transcripts indicate the company is focused on expanding its renewable energy capacity and improving operational efficiency. The company has also been proactive in managing its debt levels and maintaining a strong credit profile.

    Key takeaways
    • China Resources Power is trading at a discount to book value with a price-to-book ratio of 0.86.
    • The company's return on equity of 12.1% outperforms the industry median of 9.8%.
    • Capital expenditures are expected to remain high as the company expands its renewable energy portfolio.
    • The company faces medium liquidity risk due to a current ratio of 0.51 and negative free cash flow.
    • Analysts have a mixed outlook, with a mean recommendation of 2.80 and a mean price target of 20.11 HKD.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Valuation

    Market price
    HK$20,36
    Market cap
    HK$105.40B
    Enterprise valueⓘ
    HK$320.18B
    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    —
    EV / Op incomeⓘ
    —
    EV / OCFⓘ
    7.2x
    P / Bⓘ
    0.9x
    P / Tangible bookⓘ
    0.9x
    Tangible book
    HK$122.22B
    Net cashⓘ
    -HK$214.77B
    Current ratioⓘ
    0.5
    Debt / equityⓘ
    1.8
    ROAⓘ
    3.6%
    ROEⓘ
    12.1%
    Cash conversionⓘ
    302.0%
    CapEx / revenueⓘ
    -46.2%
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    2,49
    Predicted surprise
    -0,00
    Beat probability
    45 %
    Analysts
    15
    Other metrics
    Revenue
    —
    no estimate
    Segment revenue
    —
    no estimate
    Margin
    —
    no estimate
    Segment margin
    —
    no estimate
    as of 2026-05-20 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPS—no estimate—no estimate2,49
    Revenue—no estimate—no estimate106,9B HKD
    Operating income—no estimate—no estimate22,0B HKD
    Full-year consensus mean (period as reported by source) · consensus in HKD. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution15 analysts
    Strong buy3
    Buy2
    Hold7
    Sell1
    Strong sell2
    12-month price targetHK$20,11 · Median HK$19,55
    Low HK$14,89High HK$26,74
    Operating income · consensus22,0B HKD
    EPS surprise
    +12,4 %
    reported vs consensus · beat
    Revenue surprise
    −4,6 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    LowHK$14,89
    MeanHK$20,11
    MedianHK$19,55
    HighHK$26,74
    SpotHK$20,36
    −1.2 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin21,5 %Below median
    Net Margin14,5 %Below median
    ROE12,1 %Above median
    Capex / Rev-46,2 %Bottom quartile
    D/E1,76Bottom quartile
    Cash Conv3,02Above median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Ev To Operating Cash Flow
      enterprise_value / operating_cash_flow
    • Return On Equity
      net_income / total_equity
    • Price To Earnings
      market_price / (net_income / shares_outstanding_diluted)
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    Source documents
    • China Resources Power Holdings Co Ltd Market data — financials · 2026-05-26
    • China Resources Power Holdings Co Ltd Market data — analyst estimates · 2026-05-26
    • China Resources Power Holdings Co Ltd Market data — ESG · 2026-05-26

    Ownership & reference

    Leadership

    • Baofeng ShiExecutive Chairman of the Board
    • Jianbo ZhouSenior Vice President

    Insider activity

    — missing data

    Short positioning

    — missing data
    Index membership
    Hang Seng

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    0836.HKCanonical
    HKEX · HKD

    Intel & risk

    PredictorBeat prob45 %Surprise-0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage