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Latest PriceChg%ChgVolumeTurnoverOpenPre CloseHighLowMarket CapFloat CapSharesShs Float5D %Chg10D %Chg20D %Chg60D % Chg120D %Chg250D %Chg% Year-to-dateDiv YieldTTMTurnover RatioP/E (TTM)P/E (Static)AmplitudeIndustry
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01816 CGN POWER
- 2.670
- +0.030+1.14%
Trading Apr 25 09:46 CST
134.83BMarket Cap11.27P/E (TTM)
2.690High2.620Low11.68MVolume2.630Open2.640Pre Close30.83MTurnover0.11%Turnover Ratio11.41P/E (Static)50.50BShares2.77052wk High1.05P/B29.81BFloat Cap1.81052wk Low0.10Dividend TTM11.16BShs Float4.877Historical High0.097Dividend LFY2.65%Amplitude1.125Historical Low2.639Avg Price1000Lot Size3.63%Div YieldTTM3.63%Div Yield LFY
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News
CGN Electric's net profit of 3.64 billion yuan in the first quarter increased 3.38% year-on-year
CGN Power (01816) released its report for the first quarter of 2024, with operating revenue of 19.182 billion yuan (RMB, same below), up 4.88% year on year; net profit attributable to shareholders of listed companies was 3.64 billion yuan, up 3.38% year on year; basic earnings per share were 0.071 yuan. In the first quarter of 2024, the total feed-in capacity of nuclear power units operated and managed by the Group was about 51,814 billion kilowatt-hours, an increase of 1.83% over the same period last year; the company's holding subsidiary's feed-in capacity was about 39.644 billion kilowatt-hours, an increase of 0.79% over the same period last year.
CGN Power 1Q Rev CNY19.18B Vs. CNY18.29B >1816.HK
CGN Power 1Q Rev CNY19.18B Vs. CNY18.29B >1816.HK
[Hong Kong Stock Connect] CGN Power's net profit for the first quarter increased 3.38% year-on-year to RMB 3.64 billion
Jinwu Financial News | CGN Power (01816) announced that in the first quarter of 2024, it recorded net profit attributable to the company's shareholders of 3.64 billion yuan (RMB, same below), up 3.38% year on year; total profit was about 6.341 billion yuan, up 2.35% year on year. The increase in net profit and total profit was mainly due to a combination of factors such as electricity volume, electricity prices and R&D progress. Basic earnings per share were 0.071 yuan, up 2.90% year over year. During the period, revenue was recorded at 19.182 billion yuan, an increase of 4.88% over the previous year. The main reason is construction safety for nuclear power projects under construction in Huizhou, Cangnan, etc.
CGN Power (01816)'s net profit for the first quarter was 3.64 billion yuan, up 3.38% year on year
CGN Power (01816) released its report for the first quarter of 2024, with revenue of 19.182 billion yuan (people...
中廣核電力：內幕消息 - 2024年第一季度報告
Haitong International: Target price of HK$3.27 for the initial “superior to the market” rating for CGN (01816)
Haitong International estimates that the main operating income of CGN Power (01816) for the 2024-26 fiscal year will be 87.124 billion/ 91.953 billion/ 97.049 billion yuan, respectively.
Comments
Despite CGN Power's lower earnings forecast and slower growth, its P/E ratio matches the market's, indicating less bearish investor sentiment than analysts suggest. However, sustaining these prices may be tough as this earnings growth rate could eventually depress the shares. Unless conditions improve, these prices may seem unreasonable.
Some Confidence Is Lacking In CGN Power Co., Ltd.'s (HKG:1816) P/ECGN Power's ROCE growth indicates rising efficiencies. The stock's past performance suggests investors may overlook these promising trends, hinting at potential for more growth if other metrics align.
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Despite CGN Power's higher-than-average ROE, its heavy reliance on debt raises concerns. A high ROE doesn't always indicate profitability. Currently, the company's quality appears less appealing due to its lower ROE and significant debt dependence.
CGN Power has seen consistent ROCE growth, showing increased efficiency in capital returns. With a 26% shareholder return over five years, it promises prospect for future growth.
ColumnsChina's renewable power generation | Expected to remain profitable in 2023Q2
Core Points
1. The demand for wind power continues to grow. Longyuan and Datang New Energy will achieve 20-25% profit growth in the first half of 2023, which is basically in line with market expectations.
2. Hydropower is less affected by the weather than expected. In the long run, the weak second quarter performance may provide an entry point for hydropower operators.
3. The construction of nuclear power units is accele...
1. The demand for wind power continues to grow. Longyuan and Datang New Energy will achieve 20-25% profit growth in the first half of 2023, which is basically in line with market expectations.
2. Hydropower is less affected by the weather than expected. In the long run, the weak second quarter performance may provide an entry point for hydropower operators.
3. The construction of nuclear power units is accele...
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