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One of China's largest wind-power generators, also developing solar and other renewable generation assets.
One of China's largest wind-power generators, also developing solar and other renewable generation assets.
Sells wind power to grid companies at tariffs set by government rules, with part of the income, historically, a national renewable subsidy that arrives with long delays. New projects increasingly sell at market-based prices. CHN Energy, the state-owned parent, holds the majority.
In one line: A Chinese NextEra Energy renewables arm.
Moat: narrow (scale, regulatory licence, installed base). Large installed wind capacity and state backing (China Energy Investment Group) support project access and financing.
Headquarters: Beijing, China · Founded: 2003 · Employees: 8,008
Size China Longyuan Power (0916.HK) is a Hong Kong Utilities company (Alternative Power Generation) with a market value of $13.8B, the 124th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$5.69 on 6 Nov 2026.
Performance Over six months the shares fell 17.4%, against -11.0% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 4th lowest of 13 in its peer set.
Growth Revenue fell 6.0% over the last twelve months (peer median +12.2%); the operating margin is 27.0% (peer median 23.5%).
Valuation It trades at 11.5× forward earnings against a peer median of 27.1× (2nd cheapest of 12).
Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is +0 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.3 points above its cost of capital (6.1% WACC).
Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$33.2B | HK$32.6B | HK$40.1B | HK$41.8B | HK$45.9B |
| Revenue growth | — | -19% | -4% | -9% | — |
| Gross profit | HK$21.6B | HK$11.2B | HK$14.9B | HK$15.1B | HK$15.5B |
| EBITDA | n/a | HK$25.3B | HK$27.6B | HK$27.2B | HK$28.8B |
| Net income | HK$3.36B | HK$4.91B | HK$6.89B | HK$6.91B | HK$5.94B |
| Free cash flow | HK$7.77B | -HK$2.11B | -HK$10.5B | -HK$7.88B | HK$9.10B |
| Capital expenditure | HK$21.4B | HK$25.9B | HK$29.1B | HK$23.9B | HK$26.1B |
| Total debt | HK$157B | HK$174B | HK$160B | HK$151B | HK$143B |
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 Longyuan Power 0916.HK | $13.8B | -17% | -6% | 27% | 11.5× | 0.6% |
| CGN Power 1816.HK | $32.3B | -1% | -16% | 31% | 13.8× | n/a |
| NextEra Energy NEE | $182B | -6% | +13% | 30% | 21.0× | 18.8% |
| China Three Gorges Renewables (Group) 600905.SS | $14.7B | -16% | -8% | 17% | 39.8× | n/a |
| China Datang Corp. Renewable Power 1798.HK | $904M | -42% | -6% | 21% | 8.8× | n/a |
| China Suntien Green Energy 0956.HK | $3.37B | -15% | -8% | 13% | 6.6× | 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 | 0916.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.9% | +0.9% | 2nd highest of 13 |
| 6-month return | -17.4% | -11.0% | 4th lowest of 13 |
| Distance from 52-week high | -33.6% | -19.7% | 3rd lowest of 13 |
| Revenue growth (TTM) | -6.0% | +12.2% | 3rd lowest of 13 |
| Operating margin | 27.0% | 23.5% | 6th highest of 13 |
| Forward P/E | 11.5× | 27.1× | 2nd cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | 0.6% | 10.0% | 3rd least demanding of 6 |
| Growth delivered (Del g) | +0.2% | +0.6% | 3rd lowest of 6 |
| Hurdle (Req g minus delivered) | +0.4 pp | +12.7 pp | 3rd least demanding of 6 |
| ROIC minus cost of capital | +0.3 pp | -2.5 pp | 2nd highest of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Longyuan Power 0916.HK | Hong Kong | $13.8B | -17% | -6% | 27% | 11.5× | 0.6% | +0.2% |
| China Three Gorges Renewables (Group) 600905.SS | China | $14.7B | -16% | -8% | 17% | 39.8× | n/a | n/a |
| Talen Energy TLN | United States | $14.7B | -12% | +20% | 20% | 13.0× | 21.1% | -10.0% |
| Enlight Renewable Energy ENLT | United States | $9.57B | -25% | +29% | 51% | n/a | n/a | n/a |
| Corporacion Acciona Energias Renovables ANE.MC | Spain | $8.06B | -7% | -14% | 18% | 21.1× | n/a | n/a |
| Huadian New Energy 600930.SS | China | $24.5B | -35% | +32% | 27% | 27.1× | n/a | n/a |
| Adani Green Energy ADANIGREEN.NS | India | $24.7B | +4% | +21% | 61% | 87.9× | n/a | n/a |
| Brookfield Infrastructure Partners L.P BIP | United States | $25.6B | +7% | +16% | 25% | 71.0× | n/a | n/a |
| NTPC Green Energy NTPCGREEN.NS | India | $7.37B | -24% | +49% | 50% | 59.8× | n/a | n/a |
| Clearway Energy CWEN | United States | $7.00B | -11% | +8% | 13% | 56.4× | 33.1% | +2.4% |
| Hubei Energy 000883.SZ | China | $4.58B | -11% | -5% | 15% | 17.6× | -0.4% | +0.6% |
| Fujian Funeng 600483.SS | China | $4.53B | +9% | -1% | 22% | 10.7× | -4.9% | +7.5% |
| ERG ERG.MI | Italy | $3.77B | -3% | +5% | 28% | 19.4× | 10.0% | -2.8% |