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Power generation subsidiary of state-owned China Resources Group, operating coal-fired and renewable power plants.
Power generation subsidiary of state-owned China Resources Group, operating coal-fired and renewable power plants.
Sells electricity to provincial grids at tariffs set under state rules or through market trading, so coal-fired plants earn on the gap between that price and coal costs, while wind and solar farms earn without fuel costs and are where it is adding capacity. China Resources Group, a state-owned conglomerate, controls it.
In one line: A Chinese power genco akin to a state-backed NRG Energy.
Moat: narrow (scale, installed base, regulatory licence). State-backed parent China Resources Group supports financing and project approvals for capacity growth.
Headquarters: Hong Kong / Beijing · Founded: 1994 · Employees: 21,858
Size China Res Power (0836.HK) is a Hong Kong Utilities company (Electric Utilities) with a market value of $13.5B, the 126th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$20.40 on 6 Nov 2026.
Performance Over six months the shares gained 5.5%, against -5.1% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 2.2% over the last twelve months (peer median +2.5%); the operating margin is 17.8% (peer median 12.7%).
Valuation It trades at 9.0× forward earnings against a peer median of 17.4× (4th cheapest of 20).
Capital Return on invested capital runs 1.4 points below its cost of capital (5.4% WACC).
Next results Next results expected around 24 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$107B | HK$102B | HK$105B | HK$103B | HK$103B |
| Revenue growth | — | -3% | +2% | 0% | — |
| Gross profit | HK$25.1B | HK$26.7B | HK$25.8B | HK$23.4B | HK$14.2B |
| EBITDA | HK$39.0B | HK$39.1B | HK$38.1B | HK$34.2B | HK$25.9B |
| Net income | HK$13.3B | HK$14.5B | HK$14.4B | HK$11.0B | HK$7.04B |
| Free cash flow | -HK$3.24B | -HK$5.47B | -HK$20.1B | -HK$14.2B | -HK$12.5B |
| Capital expenditure | HK$40.6B | HK$47.2B | HK$49.7B | HK$38.8B | HK$32.6B |
| Total debt | n/a | HK$231B | HK$205B | HK$172B | HK$151B |
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 |
|---|---|---|---|---|---|---|
| China Res Power 0836.HK | $13.5B | +6% | +2% | 18% | 9.0× | n/a |
| Huaneng Power International 0902.HK | $16.2B | -6% | -3% | 12% | 9.3× | n/a |
| Datang International Power Generation 0991.HK | $10.7B | -20% | +3% | 15% | 5.5× | 4.0% |
| China Longyuan Power 0916.HK | $13.8B | -17% | -6% | 27% | 11.5× | 0.6% |
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 | 0836.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.9% | +0.5% | 7th highest of 21 |
| 6-month return | +5.5% | -5.1% | 5th highest of 21 |
| Distance from 52-week high | -4.5% | -19.4% | 4th highest of 21 |
| Revenue growth (TTM) | +2.2% | +2.5% | 10th lowest of 21 |
| Operating margin | 17.8% | 12.7% | 9th highest of 21 |
| Forward P/E | 9.0× | 17.4× | 4th cheapest of 20 |
| ROIC minus cost of capital | -1.4 pp | -1.5 pp | 11th highest of 21 |
| EV / EBITDA | 8.9× | 11.4× | 4th cheapest of 12 |
| Net debt / EBITDA | 5.4× | 6.8× | 7th least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Res Power 0836.HK | Hong Kong | $13.5B | +6% | +2% | 18% | 9.0× | n/a | n/a |
| Sichuan Chuantou Energy 600674.SS | China | $13.0B | +16% | -1% | 29% | 17.2× | 32.3% | +10.0% |
| Keppel BN4.SI | Singapore | $13.0B | -13% | +11% | 11% | 18.9× | 14.8% | -1.9% |
| Pinnacle West Capital PNW | United States | $12.6B | +5% | +8% | 23% | 19.1× | n/a | n/a |
| GD Power Development 600795.SS | China | $14.4B | +13% | -1% | 9% | 19.2× | -0.4% | +3.4% |
| Kepco 015760.KS | South Korea | $14.4B | -30% | +2% | 13% | 4.5× | -1.9% | +10.7% |
| Tata Power TATAPOWER.NS | India | $11.9B | -20% | -4% | 13% | 25.0× | n/a | n/a |
| Emera EMA.TO | Canada | $15.7B | 0% | +11% | 19% | 20.2× | n/a | n/a |
| Chubu Electric Power 9502.T | Japan | $11.2B | -13% | +3% | 0% | 10.3× | n/a | n/a |
| Huaneng Power International 0902.HK | Hong Kong | $16.2B | -6% | -3% | 12% | 9.3× | n/a | n/a |
| Zhejiang Zheneng Electric Power 600023.SS | China | $10.8B | -5% | -7% | -1% | 17.4× | 7.0% | +9.0% |
| Datang International Power Generation 601991.SS | China | $10.8B | +14% | 0% | 12% | 12.2× | -2.3% | +4.9% |
| Guangxi Guiguan Electric Power 600236.SS | China | $10.7B | -10% | +26% | 48% | 20.7× | -2.8% | +3.0% |
| AES AES | United States | $10.6B | +4% | +12% | 20% | 6.8× | n/a | n/a |
| Kansai Electric Power 9503.T | Japan | $17.3B | +2% | +2% | 6% | 8.2× | 11.0% | +5.6% |
| OGE Energy OGE | United States | $10.5B | +7% | +2% | 26% | 21.6× | 8.1% | +9.0% |
| Jiangsu Eastern Shenghong 000301.SZ | China | $10.3B | -22% | +4% | 7% | 12.4× | -2.1% | +28.4% |
| Power Assets 0006.HK | Hong Kong | $17.8B | +3% | -12% | 50% | 21.0× | 35.8% | -9.5% |
| JSW Energy JSWENERGY.NS | India | $10.1B | -9% | +26% | 36% | 39.7× | n/a | n/a |
| Hikari Tsushin 9435.T | Japan | $10.0B | -5% | +7% | 15% | 12.5× | 6.7% | +5.6% |
| Edison EDNR.MI | Italy | $9.87B | -12% | +6% | 3% | n/a | n/a | n/a |