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CGN New Energy Holdings Co., Ltd. logo

CGN New Energy Holdings Co., Ltd.

1811.HK

HKSEUtilitiesIndependent Power Producers

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Latest quote

HK$2.165

+HK$0.01 · +0.46%

Aug 24, 11:03 AM HKT

1811.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

CGN New Energy Holdings Co., Ltd., together with its subsidiaries, generates and supplies electricity and steam in the People’s Republic of China and Republic of Korea. The company operates wind, solar, gas-fired, coal-fired, oil-fired, hydro, cogen, biomass, energy storage, and fuel cell projects. It also engages in the construction and operation of power stations and other associated facilities. In addition, the company offers management services to power plants. The company was formerly known as CGN Meiya Power Holdings Co., Ltd. and changed its name to CGN New Energy Holdings Co., Ltd. in November 2015. CGN New Energy Holdings Co., Ltd. was incorporated in 1995 and is headquartered in Wan Chai, Hong Kong. CGN New Energy Holdings Co., Ltd. is a subsidiary of CGN Energy International Holdings Co., Limited.

Industry
Independent Power Producers
Sector
Utilities
Headquarters
HK
CEO
Li Yilun
Listed since
Oct 3, 2014
Employees
2,395

Market position

Day range

Current HK$2.165

52-week range

Current HK$2.165

Open
HK$2.155
Previous close
HK$2.155
Volume
5.29M
0.71× average
Average volume
7.47M
Average daily volume
Market cap
9.29B HKD
Beta
0.71
Market reference 1
50-day average
HK$2.2548
-3.98% below average
200-day average
HK$2.5648
-15.59% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
7.69B USD
P/E (TTM)
4.33×
P/B (TTM)
0.63×
P/S (TTM)
0.7×
EV / EBITDA
9.02×
Earnings yield
20.13%
Free cash flow yield
-8.04%
Dividend yield
5.79%

Profitability & efficiency

Gross margin
52.86%
Operating margin
28.42%
Net margin
16.29%
Return on equity
14.75%
Return on assets
3.04%
Return on invested capital
4.34%

Financial health

Debt / equity
3.5×
Current ratio
0.55×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends65%44%24%3%Gross margin, FY2021: 53.43%Gross margin, FY2022: 46.74%Gross margin, FY2023: 53.35%Gross margin, FY2024: 59.73%Gross margin, FY2025: 39.44%Operating margin, FY2021: 27.01%Operating margin, FY2022: 24.26%Operating margin, FY2023: 25.19%Operating margin, FY2024: 27.08%Operating margin, FY2025: 28.40%Net margin, FY2021: 13.76%Net margin, FY2022: 8.03%Net margin, FY2023: 12.21%Net margin, FY2024: 12.71%Net margin, FY2025: 16.30%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 53.43%. Gross margin FY2022 46.74%. Gross margin FY2023 53.35%. Gross margin FY2024 59.73%. Gross margin FY2025 39.44%. Operating margin FY2021 27.01%. Operating margin FY2022 24.26%. Operating margin FY2023 25.19%. Operating margin FY2024 27.08%. Operating margin FY2025 28.40%. Net margin FY2021 13.76%. Net margin FY2022 8.03%. Net margin FY2023 12.21%. Net margin FY2024 12.71%. Net margin FY2025 16.30%.

Income trends

Revenue

1.7B USD-13.12%

Operating income

481.45M USD-8.87%

Net income

276.28M USD+11.39%
Income trends across reported periods2.65B USD1.76B USD865.62M USD−28.34M USDRevenue, FY2021: 1.78B USDRevenue, FY2022: 2.43B USDRevenue, FY2023: 2.19B USDRevenue, FY2024: 1.95B USDRevenue, FY2025: 1.7B USDOperating income, FY2021: 479.6M USDOperating income, FY2022: 589.65M USDOperating income, FY2023: 552.49M USDOperating income, FY2024: 528.33M USDOperating income, FY2025: 481.45M USDNet income, FY2021: 244.27M USDNet income, FY2022: 195.15M USDNet income, FY2023: 267.69M USDNet income, FY2024: 248.02M USDNet income, FY2025: 276.28M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.78B USD. Revenue FY2022 2.43B USD. Revenue FY2023 2.19B USD. Revenue FY2024 1.95B USD. Revenue FY2025 1.7B USD. Operating income FY2021 479.6M USD. Operating income FY2022 589.65M USD. Operating income FY2023 552.49M USD. Operating income FY2024 528.33M USD. Operating income FY2025 481.45M USD. Net income FY2021 244.27M USD. Net income FY2022 195.15M USD. Net income FY2023 267.69M USD. Net income FY2024 248.02M USD. Net income FY2025 276.28M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.7B USD1.95B USD2.19B USD2.43B USD1.78B USD
Cost of goods sold1.03B USD785.73M USD1.02B USD1.29B USD826.68M USD
Gross profit668.72M USD1.17B USD1.17B USD1.14B USD948.62M USD
Selling, general, and administrative187.26M USD150.32M USD131.44M USD114.27M USD125.36M USD
Operating expenses187.26M USD637.28M USD617.53M USD546.27M USD467.81M USD
Interest income—2.98M USD5.78M USD3.56M USD2.58M USD
Interest expense159.16M USD181.23M USD212.77M USD227.11M USD188.22M USD
Depreciation and amortization371.48M USD343.74M USD343.74M USD335.97M USD266.35M USD
Operating income481.45M USD528.33M USD552.49M USD589.65M USD479.6M USD
Net income276.28M USD248.02M USD267.69M USD195.15M USD244.27M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
5 beats, 0 misses, 0 met estimates
Average EPS surprise
+431.06%
5 comparable reports
Latest EPS result
0.2

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.40.280.150.03Q3 '22BeatQ1 '23BeatQ3 '23No estimateQ1 '24No estimateQ3 '24No estimateQ1 '25No estimateQ3 '25No estimateQ1 '26No estimate
Q3 2022, reported Aug 23, 2022: actual 0.326, estimate 0.03, surprise +985.67%, Beat. Q1 2023, reported Mar 21, 2023: actual 0.031, estimate 0.03, surprise +4.03%, Beat. Q3 2023, reported Aug 22, 2023: actual 0.361, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 26, 2024: actual 0.127, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 20, 2024: actual 0.334, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 25, 2025: actual 0.117, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 19, 2025: actual 0.299, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 31, 2026: actual 0.2, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates14.96B10.41B5.86B1.3BQ3 '22BeatQ1 '23MissQ3 '23No estimateQ1 '24MissQ3 '24MissQ1 '25No estimateQ3 '25No estimateQ1 '26No estimate
Q3 2022, reported Aug 23, 2022: actual 8.9B HKD, estimate 1.54B HKD, surprise +479.69%, Beat. Q1 2023, reported Mar 21, 2023: actual 10.11B HKD, estimate 13.97B HKD, surprise -27.59%, Miss. Q3 2023, reported Aug 22, 2023: actual 9.59B HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 26, 2024: actual 7.57B HKD, estimate 13.96B HKD, surprise -45.78%, Miss. Q3 2024, reported Aug 20, 2024: actual 7.67B HKD, estimate 13.96B HKD, surprise -45.04%, Miss. Q1 2025, reported Mar 25, 2025: actual 7.53B HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 19, 2025: actual 6.73B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 31, 2026: actual 6.52B HKD, estimate —, surprise —, Comparison unavailable.

ETFs holding 1811.HK

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core MSCI Emerging Markets ETF logoiShares Core MSCI Emerging Markets ETFIEMG
Market value
5.53M
Weight
0.00%
AUM
160B USD
Expense ratio
0.09%
Price / 1D
$81.57+0.64%
Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
4.92M
Weight
0.00%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Vanguard FTSE Emerging Markets ETF logoVanguard FTSE Emerging Markets ETFVWO
Market value
4.81M
Weight
0.00%
AUM
162.3B USD
Expense ratio
0.06%
Price / 1D
$60.45+0.72%
Vanguard FTSE All-World ex-US Small-Cap ETF logoVanguard FTSE All-World ex-US Small-Cap ETFVSS
Market value
1.35M
Weight
0.01%
AUM
13.6B USD
Expense ratio
0.06%
Price / 1D
$160.06+0.43%
Dimensional - Emerging Markets Core Equity 2 ETF logoDimensional - Emerging Markets Core Equity 2 ETFDFEM
Market value
775.41K
Weight
0.01%
AUM
9.49B USD
Expense ratio
0.39%
Price / 1D
$39.93+0.50%
iShares Core MSCI Total International Stock ETF logoiShares Core MSCI Total International Stock ETFIXUS
Market value
743.81K
Weight
0.00%
AUM
60.91B USD
Expense ratio
0.07%
Price / 1D
$97.945+0.76%
Dimensional - Emerging Core Equity Market ETF logoDimensional - Emerging Core Equity Market ETFDFAE
Market value
486.77K
Weight
0.00%
AUM
10B USD
Expense ratio
0.29%
Price / 1D
$39.49+0.51%
Dimensional World ex U.S. Core Equity 2 ETF logoDimensional World ex U.S. Core Equity 2 ETFDFAX
Market value
327.19K
Weight
0.00%
AUM
12.57B USD
Expense ratio
0.28%
Price / 1D
$38.16+0.82%

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