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Power generation subsidiary of State Power Investment Corp, operating coal-fired plus wind and solar power plants in China.
Power generation subsidiary of State Power Investment Corp, operating coal-fired plus wind and solar power plants in China.
Sells nearly all its electricity to the state grid companies at tariffs set by provincial regulators or by market rules, so earnings depend on fuel costs and the hours its plants run. Coal-fired plants gave it the original base, and wind, solar and hydro have been added alongside under its parent, State Power Investment Corp.
Moat: narrow (regulatory licence, scale). State-backed generation licences and scale, but a regulated, capital-intensive utility business.
Headquarters: Beijing, China · Founded: 1994 · Employees: 16,660
Size China Power International Development (2380.HK) is a Hong Kong Utilities company (Electric Utilities) with a market value of $4.29B, the 283rd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$2.72 on 6 Nov 2026.
Performance Over six months the shares fell 19.5%, against -6.9% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue fell 4.6% over the last twelve months (peer median +4.3%); the operating margin is 20.2% (peer median 10.5%).
Valuation It trades at 13.6× forward earnings against a peer median of 11.1× (7th most expensive of 19).
Capital Return on invested capital runs 2.8 points below its cost of capital (5.1% WACC).
Next results Next results expected around 25 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$53.2B | HK$53.2B | HK$58.8B | HK$48.9B | HK$50.8B |
| Revenue growth | — | -10% | +20% | -4% | — |
| Gross profit | HK$6.67B | HK$10.4B | HK$13.0B | HK$8.80B | HK$6.87B |
| EBITDA | HK$29.0B | HK$28.9B | HK$28.5B | HK$19.8B | HK$15.7B |
| Net income | HK$1.81B | HK$3.16B | HK$3.65B | HK$2.94B | HK$2.88B |
| Free cash flow | -HK$1.69B | -HK$2.28B | -HK$18.4B | -HK$17.3B | -HK$14.3B |
| Capital expenditure | HK$21.6B | HK$22.3B | HK$29.9B | HK$28.1B | HK$21.0B |
| Total debt | n/a | HK$252B | HK$226B | HK$203B | HK$131B |
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 Power International Development 2380.HK | $4.29B | -20% | -5% | 20% | 13.6× | n/a |
| Huaneng Power International 0902.HK | $16.2B | -6% | -3% | 12% | 9.3× | n/a |
| China Res Power 0836.HK | $13.5B | +6% | +2% | 18% | 9.0× | n/a |
| Huadian Power International 1071.HK | $8.73B | 0% | +13% | 8% | 9.6× | n/a |
| Datang International Power Generation 0991.HK | $10.7B | -20% | +3% | 15% | 5.5× | 4.0% |
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 | 2380.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.6% | -1.0% | 10th highest of 21 |
| 6-month return | -19.5% | -6.9% | 6th lowest of 21 |
| Distance from 52-week high | -29.4% | -26.8% | 10th lowest of 21 |
| Revenue growth (TTM) | -4.6% | +4.3% | 8th lowest of 21 |
| Operating margin | 20.2% | 10.5% | 4th highest of 20 |
| Forward P/E | 13.6× | 11.1× | 7th most expensive of 19 |
| ROIC minus cost of capital | -2.8 pp | -1.4 pp | 5th lowest of 20 |
| EV / EBITDA | 12.4× | 11.7× | 6th most expensive of 12 |
| Net debt / EBITDA | 9.0× | 6.1× | 3rd most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Power International Development 2380.HK | Hong Kong | $4.29B | -20% | -5% | 20% | 13.6× | n/a | n/a |
| Jiangsu Guoxin 002608.SZ | China | $4.30B | -1% | +7% | 5% | 12.6× | -0.7% | +10.5% |
| Algonquin Power & Utilities AQN.TO | Canada | $4.29B | -9% | +6% | 20% | 14.2× | n/a | n/a |
| Northland Power NPI.TO | Canada | $4.22B | -4% | +15% | 34% | 14.3× | -1.7% | +3.4% |
| AGL Energy AGL.AX | Australia | $4.21B | -3% | -6% | 11% | 10.5× | n/a | n/a |
| Electric Power Development 9513.T | Japan | $4.39B | +2% | +4% | 10% | 8.2× | 4.5% | +5.4% |
| Tokyo Elec Power Co Hldgs 9501.T | Japan | $4.17B | -31% | -2% | 1% | 3.7× | n/a | n/a |
| TransAlta TA.TO | Canada | $4.15B | +5% | -12% | 8% | 49.9× | 21.9% | +4.1% |
| Shenzhen Energy 000027.SZ | China | $4.49B | -8% | +4% | 13% | 11.2× | n/a | n/a |
| Wintime Energy 600157.SS | China | $4.55B | -21% | -9% | 7% | 104.2× | 0.8% | +1.4% |
| TAURON Polska Energia TPE.WA | Poland | $4.02B | -6% | 0% | n/a | 6.1× | 17.0% | +10.4% |
| Shaanxi Energy Investment 001286.SZ | China | $4.68B | -16% | +4% | 24% | 12.9× | -9.2% | +18.6% |
| Tohoku Electric Power 9506.T | Japan | $3.89B | +13% | +17% | 3% | 4.9× | n/a | n/a |
| Drax DRX.L | United Kingdom | $3.88B | 0% | -8% | 9% | 10.4× | -0.2% | +4.8% |
| Brookfield Renewable BEPC | United States | $4.79B | -13% | +6% | 19% | 249.6× | n/a | n/a |
| Pampa Energia SA Sponsored ADR PAM | United States | $3.78B | -19% | +29% | 21% | 7.4× | n/a | n/a |
| Shanghai Electric Power 600021.SS | China | $4.98B | -31% | -6% | 13% | 8.9× | n/a | n/a |
| Huadian Energy 600726.SS | China | $5.01B | -33% | -7% | 10% | n/a | n/a | n/a |
| Beijing Jingneng Power 600578.SS | China | $5.06B | +3% | -6% | 11% | 11.0× | -2.8% | +12.2% |
| Guangdong Electric Power Development 000539.SZ | China | $3.64B | -21% | +8% | -1% | n/a | 9.8% | +8.9% |
| NorthWestern Energy NWE | United States | $5.09B | +14% | +11% | 19% | 20.6× | n/a | n/a |