1. People's Republic of China Stocks

  2. •

    Utilities

  3. •

    Independent Power Producers
CGN Power Co., Ltd.

CGN Power Co., Ltd.

CGNWF
CGN Power Co., Ltd.US flagOther OTC
0.36
USD
- -
- -
24.15BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.38
0.61
0.58
0.71
0.99
1.12
1.28
1.39
1.6
1.64
1.63
1.56
1.5
- -
Basic EPS, GAAP
0.09
0.19
0.15
0.16
0.21
0.19
0.2
0.19
0.19
0.2
0.21
0.21
0.19
- -
Free Cash Flow per Basic Share
-0.01
-0.27
-0.22
-0.02
0.15
0.26
0.32
0.33
0.41
0.39
0.37
0.12
-0.67
- -
Dividend per Share
0.02
0.13
0.09
0.07
0.05
0.35
0.37
0.34
0.33
0.33
0.35
0.33
0.37
- -
Book Value per Share
0.43
1.36
1
1
1.28
1.39
1.57
1.57
1.68
1.77
1.88
1.99
2.06
2.06
Tangible Book Value per Share
1.08
2.46
1.81
1.67
2.07
2.33
2.71
2.64
2.81
2.92
3.04
3.34
3.14
3.15
Basic Weighted Avg Shares
45,449
33,306
45,449
45,449
45,449
45,564
47,132
50,499
50,499
50,499
50,499
50,499
50,499
50,462
Sales/Revenue/Turnover
17,110
20,415
26,336
32,453
45,006
50,828
60,175
69,963
80,679
82,822
82,549
78,945
75,697
- -
Operating Margin (%)
49.34
49.88
43
41.26
39.98
38.48
37.76
33.61
28.91
28.42
29.87
31.4
26.66
- -
Depreciation Expense
2,490
2,948
3,540
4,727
277
7,779
420
454
417
529
587
563
697
- -
Net Income, GAAP
4,195
6,193
7,029
7,287
9,564
8,703
9,466
9,562
9,764
9,964
10,725
10,838
9,765
- -
Effective Tax Rate (%)
16.45
13.56
11.4
6.82
10.19
8.17
10.69
11.72
13.44
18.5
16.97
19.23
20.81
- -
Profit Margin (%)
24.52
30.34
26.69
22.45
21.25
17.12
15.73
13.67
12.1
12.03
12.99
13.73
12.9
- -
Working Capital
-7,794
13,155
1,351
-21,343
-4,522
-5,237
-5,095
-13,908
-9,354
-5,628
-4,600
-9,989
-39,871
-39,871
LT Debt
93,142
128,284
137,249
135,466
190,508
188,128
177,543
164,760
162,602
165,218
162,248
195,253
200,626
200,626
Total Equity
50,345
84,636
85,320
81,899
100,899
113,126
135,294
141,631
150,950
157,933
165,304
182,945
176,214
176,214
Return on Invested Capital (%)
- -
4.45
4.19
5
5.58
5.39
5.84
5.84
5.61
5.26
5.53
4.99
3.6
- -
Return on Capital (%)
- -
4.02
3.69
4.03
4.26
2.84
3.31
3.29
2.84
2.8
2.54
2.22
1.99
- -
Return on Common Equity (%)
- -
18.99
15.47
16.03
18.44
14.29
13.75
12.45
11.9
11.44
11.63
11.08
9.55
- -

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'24
Dec'25
ST Debt
22,960
46,909
79,816
LT Borrowings
158,800
158,387
199,870
LT Finance Leases
467
436
757
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
50,499
50,499
50,499
Market Capitalization
73,399
73,805
125,309

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'24
Dec'25
Total Current Assets
76,336
75,205
77,891
Cash, Cash Equivalents & STI
19,316
18,876
20,621
Accounts Receivable, Net
11,456
9,064
8,012
Inventories
19,400
19,683
22,422
Total Current Liabilities
81,061
81,188
117,762
Payables & Accruals
- -
- -
- -
ST Debt
22,960
46,909
79,816
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.85%
4.57%
-3.68%
Free Cash Flow
-140.54%
-142.53%
-659.85%
Net Income, GAAP
3.86%
0.59%
-9.9%
Sales/Revenue/Turnover
11.87%
1.83%
-4.11%
Total Cash Common Dividend
57.09%
1.67%
10.22%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
18,289
20,987
20,567
- -
82,549
2024
19,182
20,195
- -
- -
78,945
2025
- -
- -
- -
- -
75,697

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.07
- -
- -
- -
0.21
2024
0.07
- -
- -
- -
0.21
2025
- -
- -
- -
- -
0.19

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.03
- -
- -
- -
0.35
2024
0.03
- -
- -
- -
0.33
2025
- -
- -
- -
- -
0.37

Company Description

APIChat
CEO
Songtao Pang
Full Time Employees
18,265
Sector
Utilities
Industry
Independent Power Producers
Address
CGN Building, South Tower Shenzhen People's Republic of China 518026
IPO Date
Dec 28, 2020
Website
cgnp.com.cn
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Business
CGN Power Co., Ltd. is a China-based independent power producer specializing in nuclear power generation and related services. The company operates and manages nuclear power plants, develops and constructs nuclear facilities, and sells electricity generated primarily from its nuclear power units. Its core products and services include electricity generation from nuclear power, power sales, nuclear plant construction, operation management, and technical services such as design and scientific research of nuclear power plants. As of mid-2024, CGN Power manages 28 nuclear power units with a total installed capacity of approximately 31.76 gigawatts, mainly operating across China but with some overseas presence. The company was incorporated in 2014 and is headquartered in Shenzhen, Guangdong Province, China. It is the nuclear power generation platform of China General Nuclear Power Group (CGN), which holds controlling interests. CGN Power expanded its scope in recent years through acquisitions, including a major strategic move in 2025 when it completed the acquisition of controlling stakes in four nuclear power subsidiaries, notably Huizhou Nuclear Power Co., Ltd., significantly broadening its operational footprint and asset base. This acquisition strengthens CGN Power’s position in the nuclear power sector and its access to advanced Gen-III nuclear power technologies such as HPR1000, EPR, and AP1000 reactors. In addition to power generation, CGN Power offers comprehensive technical and training services related to nuclear power plant construction, operation, and safety. It also engages in research and development to improve nuclear technology and safety standards. The company’s recent strategic priorities focus on enhancing technological self-reliance and global competitiveness, aligning with China’s five-year plans to develop world-class nuclear enterprises. It maintains a strong presence in China with growing influence overseas, supported by its substantial installed capacity and ongoing construction projects. Recent major company developments include the completion of the acquisition of 82% equity in Huizhou Nuclear Power and full ownership of related nuclear subsidiaries as of October 2025. This acquisition is part of a broader effort to consolidate nuclear assets under CGN Power, increasing operational efficiency and market scale. CGN Power also continues to expand its nuclear fleet and improve operational safety and environmental standards, supporting regional and national energy needs with a steady supply of clean electricity. Overall, CGN Power Co., Ltd. operates as a key player in the nuclear power industry in China, focusing on power generation, construction and management of nuclear power plants, and provision of technical services, with a clear strategic push in 2025 to expand through acquisitions and technology upgrades to maintain and grow its market position.