China Resources Power Holdings Co. Ltd.

China Resources Power Holdings Co. Ltd.

35.69
USD
+0.30
(+0.84%)
12.21BMarket Cap
Mar 24Next Earn
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
220.14
222.96
224.92
208.16
230.25
241.47
211.35
216.94
282.01
322.22
322.31
325.65
295.65
- -
Basic EPS, GAAP
34.85
29.07
31.57
24.23
14.52
12.4
20.56
24.39
8.11
23.28
35.35
45.52
42.86
- -
Free Cash Flow per Basic Share
-0.22
6.36
47.79
18.79
9.53
3.8
-6.35
-30.65
-55.26
-26.24
-30.9
-49.5
-7.32
- -
Dividend per Share
7.96
11.25
11.62
13.13
13.14
13.13
6.04
8.6
9.84
3.83
10.56
22.94
15.72
- -
Book Value per Share
203.5
221.42
221.35
215.41
234.6
220.2
244.87
301.4
311.35
289.78
298.31
318.34
354.21
384.61
Tangible Book Value per Share
193.71
211.65
215.85
210.52
229.53
216.15
242.46
299.08
309.28
287.84
291.59
312.1
348.3
378.57
Basic Weighted Avg Shares
316
317
318
318
318
319
321
321
321
321
321
323
345
345
Sales/Revenue/Turnover
69,582
70,681
71,436
66,213
73,312
76,940
67,758
69,551
90,414
103,305
103,334
105,284
102,010
- -
Operating Margin (%)
25.7
27.82
33.29
25.66
17.82
17.12
20.41
21.52
6.25
10.79
18.89
19.8
20.98
- -
Depreciation Expense
7,371
8,600
9,787
9,882
10,507
11,153
10,631
11,713
14,619
14,430
14,720
16,417
18,076
- -
Net Income, GAAP
11,016
9,215
10,025
7,708
4,623
3,950
6,590
7,818
2,601
7,463
11,333
14,716
14,787
- -
Effective Tax Rate (%)
22.01
38.36
35.59
33.73
34.06
31.27
23.95
24.36
39.93
20.14
21.86
20.88
18.33
- -
Profit Margin (%)
15.83
13.04
14.03
11.64
6.31
5.13
9.73
11.24
2.88
7.22
10.97
13.98
14.5
- -
Working Capital
-20,922
-23,221
-33,832
-27,776
-39,911
-29,633
-28,092
-24,427
-14,102
-32,201
-34,445
-39,369
-56,590
-27,003
LT Debt
73,438
79,536
61,114
70,167
68,762
69,210
69,590
83,002
106,173
94,371
127,848
143,537
152,886
165,306
Total Equity
84,733
85,792
83,739
74,565
80,742
77,285
86,716
105,950
107,663
100,554
104,547
119,952
133,640
166,423
Return on Invested Capital (%)
8.44
5.19
7.14
6.38
4.71
4.36
5.49
5.31
1.56
4.44
5.52
6.24
5.36
- -
Return on Capital (%)
7.44
7.54
6.41
5.36
3.56
3.24
4.86
4.79
2.61
4.3
5.4
5.68
4.88
- -
Return on Common Equity (%)
18.51
13.57
14.15
11.02
6.41
5.44
8.87
8.93
2.65
7.74
12.02
14.32
12.74
- -

Capital Structure

HKD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
60,111
65,345
65,324
LT Borrowings
141,466
148,527
160,811
LT Finance Leases
3,565
4,359
4,495
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
345
345
345
Market Capitalization
98,721
97,060
95,721

Working Capital

HKD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
62,511
60,280
87,695
Cash, Cash Equivalents & STI
9,364
11,675
33,153
Accounts Receivable, Net
38,454
33,810
36,645
Inventories
5,477
5,151
5,388
Total Current Liabilities
108,035
116,871
114,698
Payables & Accruals
- -
- -
- -
ST Debt
60,111
65,345
65,324
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.25%
5.03%
11.41%
Free Cash Flow
-3.18%
4.58%
-84.21%
Net Income, GAAP
21.02%
40.48%
0.48%
Sales/Revenue/Turnover
4.22%
8.61%
-3.11%
Total Cash Common Dividend
22.35%
44.33%
-26.9%

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
105,284
2025
- -
- -
102,010
2026
- -
- -
- -

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
45.52
2025
- -
- -
42.86
2026
- -
- -
- -

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
22.94
2025
- -
- -
15.72
2026
- -
- -
- -

Company Description

CEO
Wang Bo
Full Time Employees
21,858
Sector
Utilities
Industry
Electric utilities
Address
China Resources Building Hong Kong Hong Kong
IPO Date
Nov 12, 2003
Business
China Resources Power Holdings Company Limited (CR Power) is an investment holding company principally engaged in the investment, development, operation, and management of power plants across China. The company operates a diversified portfolio encompassing thermal power including coal-fired and gas-fired plants; renewable energy sources such as wind farms (183 sites), photovoltaic power stations (123 sites), and hydroelectric power plants (28 sites); integrated energy services like distributed power supply, recharging and battery swapping, energy storage, and low-carbon energy-saving solutions; as well as complementary businesses in power sales, intelligent energy, and coal mining. It maintains a substantial installed capacity exceeding 80,000 MW as of mid-2024, with renewables comprising approximately 39% of attributable capacity, serving markets in all 31 provinces, autonomous regions, municipalities in mainland China, and the Hong Kong Special Administrative Region. Incorporated in Hong Kong in 2001 and headquartered there at China Resources Building, 26 Harbour Road, Wan Chai, CR Power functions as a subsidiary of China Resources Group, a diversified state-owned conglomerate. Its operations span key economic regions including eastern China (Guangdong, Jiangsu, Zhejiang, Shandong), central China (Henan, Hubei, Hunan, Anhui), northern China (Beijing, Hebei, Liaoning), and southern/southwestern areas (Yunnan), with thermal power historically dominant at around 70% of capacity alongside growing hydro and wind contributions. In recent developments, CR Power raised approximately HK$3.89 billion ($500 million) through a share placement in October 2024 to reduce debt and support corporate expansion, including issuing shares to its majority shareholder China Resources (Holdings). The company announced full-year 2024 results and convened its 2025 work conference, while advancing renewable projects such as the "Xinjiang power to Chongqing" initiative, multi-energy complementarity in Hebei, and a 500 MW fishery-light complementary PV station in Guangdong's Qingyuan with a RMB2.5 billion investment. It also signed a renewable energy development cooperation agreement with Emperor International Group, pioneered carbon capture utilization and storage (CCUS) applications, and implemented energy storage systems and building-integrated photovoltaics to align with China's dual-carbon goals and rural revitalization strategies.

Company News

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