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China Resources Power Holdings Company Limited logo

China Resources Power Holdings Company Limited

0836.HK

HKSEUtilitiesIndependent Power Producers

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Latest quote

HK$18.25

+HK$0.01 · +0.05%

Aug 24, 11:59 AM HKT

0836.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

China Resources Power Holdings Company Limited, an investment holding company, invests in, develops, operates, and manages power plants and coal mines in the People's Republic of China. It operates in two segments, Thermal Power and Renewable Energy. The company operates and manages coal- and gas-fired power plants, wind farms, photovoltaic power plants, hydro-electric power plants, and other clean and renewable energy projects. As of December 31, 2024, the company had 50 coal-fired power plants, 205 wind farms, 174 photovoltaic power plants, 20 hydroelectric plants, and 6 gas-fired plants with total attributable grid-connected installed capacity was 72,433MW. It is also involved in the distribution of energy, power sale, smart energy, coal mining, and other areas. The company was incorporated in 2001 and is based in Wan Chai, Hong Kong. China Resources Power Holdings Company Limited operates as a subsidiary of CRH (Power) Limited.

Industry
Independent Power Producers
Sector
Utilities
Headquarters
HK
CEO
Wang Xiaobin
Listed since
Nov 12, 2003
Employees
21,858

Market position

Day range

Current HK$18.25

52-week range

Current HK$18.25

Open
HK$18.24
Previous close
HK$18.24
Volume
3.49M
0.21× average
Average volume
16.4M
Average daily volume
Market cap
94.48B HKD
Beta
0.66
Market reference 1
50-day average
HK$18.3826
-0.72% below average
200-day average
HK$18.7051
-2.43% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
301.49B HKD
P/E (TTM)
6.52×
P/B (TTM)
0.85×
P/S (TTM)
0.93×
EV / EBITDA
7.7×
Earnings yield
16.50%
Free cash flow yield
-6.11%
Dividend yield
6.18%

Profitability & efficiency

Gross margin
38.35%
Operating margin
20.57%
Net margin
14.50%
Return on equity
13.29%
Return on assets
3.61%
Return on invested capital
4.88%

Financial health

Debt / equity
2.01×
Current ratio
0.51×
Altman Z-score
1.12
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends52%34%16%-2%Gross margin, FY2021: 7.87%Gross margin, FY2022: 13.74%Gross margin, FY2023: 43.87%Gross margin, FY2024: 47.50%Gross margin, FY2025: 26.19%Operating margin, FY2021: 6.67%Operating margin, FY2022: 13.12%Operating margin, FY2023: 17.61%Operating margin, FY2024: 22.06%Operating margin, FY2025: 20.65%Net margin, FY2021: 2.36%Net margin, FY2022: 6.82%Net margin, FY2023: 10.65%Net margin, FY2024: 13.67%Net margin, FY2025: 14.50%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 7.87%. Gross margin FY2022 13.74%. Gross margin FY2023 43.87%. Gross margin FY2024 47.50%. Gross margin FY2025 26.19%. Operating margin FY2021 6.67%. Operating margin FY2022 13.12%. Operating margin FY2023 17.61%. Operating margin FY2024 22.06%. Operating margin FY2025 20.65%. Net margin FY2021 2.36%. Net margin FY2022 6.82%. Net margin FY2023 10.65%. Net margin FY2024 13.67%. Net margin FY2025 14.50%.

Income trends

Revenue

102.01B HKD-3.11%

Operating income

21.07B HKD-9.29%

Net income

14.79B HKD+2.77%
Income trends across reported periods115.6B HKD74.34B HKD33.08B HKD−8.18B HKDRevenue, FY2021: 90.41B HKDRevenue, FY2022: 103.31B HKDRevenue, FY2023: 103.33B HKDRevenue, FY2024: 105.28B HKDRevenue, FY2025: 102.01B HKDOperating income, FY2021: 6.03B HKDOperating income, FY2022: 13.55B HKDOperating income, FY2023: 18.2B HKDOperating income, FY2024: 23.22B HKDOperating income, FY2025: 21.07B HKDNet income, FY2021: 2.14B HKDNet income, FY2022: 7.04B HKDNet income, FY2023: 11B HKDNet income, FY2024: 14.39B HKDNet income, FY2025: 14.79B HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 90.41B HKD. Revenue FY2022 103.31B HKD. Revenue FY2023 103.33B HKD. Revenue FY2024 105.28B HKD. Revenue FY2025 102.01B HKD. Operating income FY2021 6.03B HKD. Operating income FY2022 13.55B HKD. Operating income FY2023 18.2B HKD. Operating income FY2024 23.22B HKD. Operating income FY2025 21.07B HKD. Net income FY2021 2.14B HKD. Net income FY2022 7.04B HKD. Net income FY2023 11B HKD. Net income FY2024 14.39B HKD. Net income FY2025 14.79B HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue102.01B HKD105.28B HKD103.33B HKD103.31B HKD90.41B HKD
Cost of goods sold75.29B HKD55.27B HKD58B HKD89.12B HKD83.29B HKD
Gross profit26.72B HKD50.01B HKD45.34B HKD14.19B HKD7.12B HKD
Selling, general, and administrative5.09B HKD7.75B HKD7.39B HKD3B HKD2.71B HKD
Operating expenses6.04B HKD26.79B HKD27.14B HKD21.7B HKD22.06B HKD
Interest income106.51M HKD156.95M HKD125.12M HKD192.45M HKD300.6M HKD
Interest expense3.99B HKD4.12B HKD4.24B HKD3.89B HKD3.76B HKD
Depreciation and amortization18.08B HKD16.42B HKD14.72B HKD14.43B HKD14.62B HKD
Operating income21.07B HKD23.22B HKD18.2B HKD13.55B HKD6.03B HKD
Net income14.79B HKD14.39B HKD11B HKD7.04B HKD2.14B HKD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
1.28

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates2.061.5310.47Q2 '22Q1 '23Q3 '23Q1 '24Q4 '24Q2 '25Q3 '25Q1 '26
Q2 2022, reported Jun 30, 2022: actual 0.908, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 22, 2023: actual 0.556, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 22, 2023: actual 1.4, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 20, 2024: actual 0.886, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Oct 31, 2024: actual 1.95, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 30, 2025: actual 1.03, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 21, 2025: actual 1.51, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 18, 2026: actual 1.28, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates115.22B90.83B66.45B42.06BQ2 '22BeatQ1 '23MissQ3 '23No estimateQ1 '24MissQ4 '24No estimateQ2 '25No estimateQ3 '25No estimateQ1 '26No estimate
Q2 2022, reported Jun 30, 2022: actual 50.41B HKD, estimate 47.11B HKD, surprise +7.01%, Beat. Q1 2023, reported Mar 22, 2023: actual 52.9B HKD, estimate 110.18B HKD, surprise -51.99%, Miss. Q3 2023, reported Aug 22, 2023: actual 51.48B HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 20, 2024: actual 51.85B HKD, estimate 109.09B HKD, surprise -52.47%, Miss. Q4 2024, reported Oct 31, 2024: actual 51.12B HKD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 30, 2025: actual 54.16B HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 21, 2025: actual 50.27B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 18, 2026: actual 51.74B HKD, estimate —, surprise —, Comparison unavailable.

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