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Operates nuclear power plants across China, one of the country's two major nuclear generators, part of state-owned China General Nuclear.
Operates nuclear power plants across China, one of the country's two major nuclear generators, part of state-owned China General Nuclear.
Sells nuclear electricity to grids at tariffs largely set by government, with some output sold at market prices. Part of the output of the Daya Bay plant goes to Hong Kong under a long-term contract. Earnings follow the reactors commissioned and how many hours they run.
In one line: A Chinese Constellation Energy for nuclear power.
Moat: wide (regulatory licence, scale, installed base). Nuclear plant licensing is state-controlled and capital-intensive, giving incumbents like CGN a structural barrier to entry.
Headquarters: Shenzhen, China · Founded: 1994 · Employees: 22,928
Size CGN Power (1816.HK) is a Hong Kong Utilities company (Electric Utilities) with a market value of $32.3B, the 49th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$3.44 on 6 Nov 2026.
Performance Over six months the shares fell 1.4%, against -1.9% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue fell 16.3% over the last twelve months (peer median +7.8%); the operating margin is 30.7% (peer median 23.8%).
Valuation It trades at 13.8× forward earnings against a peer median of 17.9× (4th cheapest of 20).
Capital Return on invested capital runs 0.7 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 | HK$76.2B | HK$81.4B | HK$84.9B | HK$90.5B | HK$95.6B |
| Revenue growth | — | -4% | -6% | -5% | — |
| Gross profit | HK$39.9B | HK$24.4B | HK$30.0B | HK$30.9B | HK$30.1B |
| EBITDA | n/a | HK$36.5B | HK$41.6B | HK$40.6B | HK$39.7B |
| Net income | HK$12.3B | HK$10.6B | HK$11.8B | HK$11.9B | HK$11.6B |
| Free cash flow | -HK$19.6B | -HK$2.30B | HK$7.06B | HK$22.7B | HK$23.8B |
| Capital expenditure | HK$63.0B | HK$36.9B | HK$34.6B | HK$15.7B | HK$13.8B |
| Total debt | HK$423B | HK$312B | HK$258B | HK$228B | HK$231B |
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 1816.HK | $32.3B | -1% | -16% | 31% | 13.8× | n/a |
| China National Nuclear Power 601985.SS | $29.8B | +7% | -2% | 27% | 26.1× | n/a |
| 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 | 1816.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +11.5% | +5.5% | 5th highest of 21 |
| 6-month return | -1.4% | -1.9% | 10th highest of 21 |
| Distance from 52-week high | -8.8% | -10.1% | 9th highest of 21 |
| Revenue growth (TTM) | -16.3% | +7.8% | lowest of 21 |
| Operating margin | 30.7% | 23.8% | 3rd highest of 21 |
| Forward P/E | 13.8× | 17.9× | 4th cheapest of 20 |
| ROIC minus cost of capital | -0.7 pp | -1.1 pp | 8th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| CGN Power 1816.HK | Hong Kong | $32.3B | -1% | -16% | 31% | 13.8× | 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% |
| 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 |
| Public Service Enterprise PEG | United States | $36.2B | -5% | +13% | 27% | 16.0× | 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 |
| WEC Energy WEC | United States | $38.1B | +5% | +8% | 25% | 21.6× | 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% |
| 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 |
| 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% |
| Hydro One H.TO | Canada | $24.7B | -2% | +9% | 24% | 24.5× | n/a | n/a |
| ENBW Energie Baden-Wuerttemberg EBK.DE | Germany | $24.2B | -3% | +9% | 5% | n/a | 5.2% | +11.8% |