China Resources Power (0836) Stock Price, Fundamentals & Analysis

What 0836 does

China Resources Power (0836) is an investment holding company that invests in, develops, operates, and manages power plants and coal mine projects in the People's Republic of China. It operates through two segments, Thermal Power and Renewable Energy, running coal- and gas-fired power plants, wind farms, photovoltaic power plants, hydro-electric plants, and other clean energy projects. As of December 31, 2025, the company had 50 coal-fired power plants, 221 wind farms, 221 photovoltaic power plants, 20 hydroelectric plants, and 6 gas-fired plants, with total attributable grid-connected installed capacity of 89,647MW. It is also involved in energy distribution, power sales, smart energy, coal mining, and related areas. China Resources Power operates as a subsidiary of CRH (Power) Limited and is listed on the Hong Kong Stock Exchange. Within the Utilities sector, it sits alongside peers such as Cheung Kong Infrastructure Holdings Limited (1038), Hong Kong and China Gas Company Limited (0003), Power Assets Holdings Limited (0006), and CLP Holdings Limited (0002).

Key numbers explained

• The current price is 18.99 HKD, down 0.37% today, with a 52-week range of 16.59 – 22.16 HKD and a 6.3% price change over the past year.
• The trailing P/E ratio of 7.4 and forward P/E ratio of 7.2 show how the market prices the company's current and expected earnings, respectively; lower ratios can suggest a more conservative valuation relative to earnings.
• The dividend yield of 5.75% indicates the annual dividend as a percentage of the current price, while the ex-dividend date of 10 sept. 2026 is the cutoff for receiving the next payout.
• 44% of earnings are paid out as dividends, meaning the company retains the remainder for reinvestment or other corporate purposes.
• The beta of 0.63 suggests the stock has historically been less volatile than the broader market.
• Return on equity of 9.8% measures how effectively the company generates profit from shareholders' equity.
• The price-to-book ratio of 0.81 means the stock trades below its book value per share, which can be a starting point for further analysis.
• Revenue growth of 9.4% year over year and a profit margin of 12.5% provide a sense of top-line expansion and bottom-line efficiency.

What to watch

• Regulatory and policy changes in China's power and energy sectors can affect demand, pricing, and investment in thermal and renewable assets.
• Fuel cost trends, particularly for coal and gas, influence operating costs and margins for a company with a large thermal power portfolio.
• The transition toward renewable energy and grid modernization may create opportunities or require capital allocation decisions that affect long-term growth.
• Currency movements between the Hong Kong dollar and other currencies can impact reported results for investors holding the stock in a different currency.
• General utilities sector dynamics, including interest rate environments and infrastructure investment cycles, are relevant to China Resources Power and its peers such as Vistra Corp. (VST) and Duke Energy (DUK).