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China General Nuclear's listed nuclear-power arm, operating a large fleet of nuclear reactors mainly in Guangdong and coastal provinces.
China General Nuclear's listed nuclear-power arm, operating a large fleet of nuclear reactors mainly in Guangdong and coastal provinces.
Sells the electricity from its reactors at tariffs largely set by government, so earnings depend on reactor output, plant availability and tariff rules more than on fuel prices. The state-owned parent, China General Nuclear, holds the majority.
In one line: A China-scale nuclear utility, larger than any single US nuclear operator.
Moat: wide (regulatory licence, scale, installed base). Nuclear plant licensing and long construction lead times create a durable barrier; state-backed operator of a large existing fleet.
Headquarters: Shenzhen, China · Founded: 1994 · Employees: 22,928
Size CGN Power (003816.SZ) is a China Utilities company (Electric Utilities) with a market value of $33.1B, the 56th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.75 on 6 Nov 2026.
Performance Over six months the shares gained 3.7%, against +2.3% for the median peer and -16.4% for the China market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue fell 20.4% over the last twelve months (peer median +7.6%); the operating margin is 30.5% (peer median 22.9%).
Valuation It trades at 22.4× forward earnings against a peer median of 17.4× (5th most expensive of 21).
Capital Return on invested capital runs 1.0 points below its cost of capital (5.0% WACC).
Next results Next results expected around 18 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥67.1B | CN¥75.1B | CN¥78.3B | CN¥81.9B | CN¥82.2B |
| Revenue growth | — | -4% | -4% | 0% | — |
| Gross profit | CN¥35.1B | CN¥22.5B | CN¥27.7B | CN¥27.9B | CN¥25.9B |
| EBITDA | n/a | CN¥33.7B | CN¥38.4B | CN¥36.8B | CN¥34.2B |
| Net income | CN¥10.8B | CN¥9.77B | CN¥10.8B | CN¥10.7B | CN¥9.96B |
| Free cash flow | -CN¥17.3B | -CN¥2.12B | CN¥6.51B | CN¥20.5B | CN¥20.4B |
| Capital expenditure | CN¥55.1B | CN¥34.1B | CN¥31.9B | CN¥14.2B | CN¥11.8B |
| Total debt | CN¥362B | CN¥280B | CN¥243B | CN¥207B | CN¥206B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| CGN Power 003816.SZ | $33.1B | +4% | -20% | 30% | 22.4× | n/a |
| China National Nuclear Power 601985.SS | $29.8B | +7% | -2% | 27% | 26.1× | n/a |
| China Three Gorges Renewables (Group) 600905.SS | $14.7B | -16% | -8% | 17% | 39.8× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 003816.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.7% | +6.1% | 8th highest of 21 |
| 6-month return | +3.7% | +2.3% | 11th highest of 21 |
| Distance from 52-week high | -3.9% | -10.1% | 7th highest of 21 |
| Revenue growth (TTM) | -20.4% | +7.6% | lowest of 21 |
| Operating margin | 30.5% | 22.9% | 3rd highest of 21 |
| Forward P/E | 22.4× | 17.4× | 5th most expensive of 21 |
| ROIC minus cost of capital | -1.0 pp | -1.2 pp | 7th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| CGN Power 003816.SZ | China | $33.1B | +4% | -20% | 30% | 22.4× | n/a | n/a |
| NTPC NTPC.NS | India | $33.2B | -19% | +7% | 20% | 12.3× | n/a | n/a |
| Ameren AEE | United States | $31.2B | +4% | +4% | 25% | 20.0× | n/a | n/a |
| Fortis FTS.TO | Canada | $31.0B | +11% | +4% | 28% | 22.5× | n/a | n/a |
| Huaneng Lancang River Hydropower 600025.SS | China | $30.7B | +15% | +4% | 48% | 23.1× | 3.8% | +6.6% |
| Public Service Enterprise PEG | United States | $36.2B | -5% | +13% | 27% | 16.0× | n/a | n/a |
| China National Nuclear Power 601985.SS | China | $29.8B | +7% | -2% | 27% | 26.1× | n/a | n/a |
| Orsted ORSTED.CO | Denmark | $29.5B | -8% | +15% | 2% | 20.4× | n/a | n/a |
| WEC Energy WEC | United States | $38.1B | +5% | +8% | 25% | 21.6× | n/a | n/a |
| PG&E PCG | United States | $28.6B | -19% | +4% | 20% | 7.4× | n/a | n/a |
| DTE Energy DTE | United States | $28.1B | -3% | +18% | 13% | 16.6× | n/a | n/a |
| CenterPoint Energy CNP | United States | $27.0B | -2% | +8% | 24% | 19.9× | n/a | n/a |
| PPL PPL | United States | $26.9B | 0% | +7% | 24% | 17.0× | n/a | n/a |
| FirstEnergy FE | United States | $26.9B | +5% | +12% | 19% | 16.1× | n/a | n/a |
| Eversource Energy ES | United States | $26.3B | +6% | +8% | 22% | 14.3× | -8.6% | +8.8% |
| Adani Power ADANIPOWER.NS | India | $41.6B | -11% | +8% | 23% | 29.4× | n/a | n/a |
| Vistra VST | United States | $41.9B | -15% | +9% | 19% | 12.8× | 12.5% | +10.1% |
| Clp 0002.HK | Hong Kong | $26.1B | +7% | -2% | 16% | 17.9× | 1.6% | +2.0% |
| Power Grid Corporation of India POWERGRID.NS | India | $25.6B | -17% | +3% | 55% | 14.4× | n/a | n/a |
| Sse SSE.L | United Kingdom | $43.2B | +7% | +1% | 19% | 14.2× | n/a | n/a |
| Consolidated Edison ED | United States | $43.7B | +12% | +10% | 18% | 18.5× | n/a | n/a |