Hong Kong (HSI) Renewable Energy Industry Analysis

Industry Valuation and Performance

Has the Hong Kong Renewable Energy Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 26 Jul 2026	HK$745.1b	HK$770.3b	HK$59.2b	9.8x	12.6x	1x
Tue, 23 Jun 2026	HK$790.1b	HK$770.1b	HK$59.2b	9.2x	13.3x	1x
Thu, 21 May 2026	HK$836.8b	HK$766.6b	HK$58.8b	10.5x	14.2x	1.1x
Sat, 18 Apr 2026	HK$739.9b	HK$773.2b	HK$60.5b	9.9x	12.2x	1x
Mon, 16 Mar 2026	HK$799.7b	HK$784.1b	HK$62.5b	9.9x	12.8x	1x
Wed, 11 Feb 2026	HK$706.1b	HK$781.8b	HK$62.2b	9.4x	11.4x	0.9x
Fri, 09 Jan 2026	HK$711.7b	HK$773.0b	HK$61.5b	8.8x	11.6x	0.9x
Sun, 07 Dec 2025	HK$720.7b	HK$764.3b	HK$60.9b	8.7x	11.8x	0.9x
Tue, 04 Nov 2025	HK$744.1b	HK$759.2b	HK$60.5b	9.4x	12.3x	1x
Thu, 02 Oct 2025	HK$720.6b	HK$769.3b	HK$58.1b	9.9x	12.4x	0.9x
Sat, 30 Aug 2025	HK$864.7b	HK$888.6b	HK$62.3b	9.7x	13.9x	1x
Mon, 28 Jul 2025	HK$861.0b	HK$898.9b	HK$63.1b	10x	13.7x	1x
Wed, 25 Jun 2025	HK$825.1b	HK$898.4b	HK$63.0b	9.2x	13.1x	0.9x
Fri, 23 May 2025	HK$806.2b	HK$896.7b	HK$63.6b	9.4x	12.7x	0.9x
Sun, 20 Apr 2025	HK$743.7b	HK$897.7b	HK$63.1b	8.7x	11.8x	0.8x
Tue, 18 Mar 2025	HK$745.2b	HK$893.4b	HK$54.3b	9x	13.7x	0.8x
Thu, 13 Feb 2025	HK$708.8b	HK$887.3b	HK$54.0b	8.1x	13.1x	0.8x
Sat, 11 Jan 2025	HK$687.0b	HK$884.7b	HK$53.9b	7.7x	12.8x	0.8x
Mon, 09 Dec 2024	HK$757.6b	HK$890.4b	HK$54.2b	8.4x	14x	0.9x
Wed, 06 Nov 2024	HK$795.2b	HK$906.8b	HK$54.9b	8.7x	14.5x	0.9x
Fri, 04 Oct 2024	HK$801.4b	HK$906.1b	HK$58.7b	9.3x	13.7x	0.9x
Sun, 01 Sep 2024	HK$774.6b	HK$902.9b	HK$58.4b	8.1x	13.3x	0.9x
Tue, 30 Jul 2024	HK$834.5b	HK$902.0b	HK$57.2b	9.2x	14.6x	0.9x
Thu, 27 Jun 2024	HK$848.4b	HK$900.6b	HK$57.1b	9.9x	14.8x	0.9x
Sat, 25 May 2024	HK$807.1b	HK$903.1b	HK$58.0b	9.6x	13.9x	0.9x
Mon, 22 Apr 2024	HK$789.6b	HK$903.5b	HK$53.1b	8.6x	14.9x	0.9x
Wed, 20 Mar 2024	HK$759.7b	HK$913.7b	HK$52.4b	8.6x	14.5x	0.8x
Fri, 16 Feb 2024	HK$702.3b	HK$922.3b	HK$53.3b	7.8x	13.2x	0.8x
Sun, 14 Jan 2024	HK$700.9b	HK$917.4b	HK$53.1b	8.2x	13.2x	0.8x
Tue, 12 Dec 2023	HK$663.8b	HK$914.4b	HK$52.9b	7.7x	12.5x	0.7x
Thu, 09 Nov 2023	HK$653.3b	HK$902.5b	HK$52.7b	7.6x	12.4x	0.7x
Sat, 07 Oct 2023	HK$672.8b	HK$903.5b	HK$41.3b	7.4x	16.3x	0.7x
Mon, 04 Sep 2023	HK$685.1b	HK$909.3b	HK$41.5b	7.8x	16.5x	0.8x
Wed, 02 Aug 2023	HK$744.0b	HK$898.9b	HK$36.3b	8.1x	20.5x	0.8x

Current Industry PE

Investors are relatively neutral on the Hong Kong Renewable Energy industry at the moment, indicating that they anticipate long term growth rates to remain steady.

The industry is trading close to its 3-year average PE ratio of 13.5x.

The industry is trading close to its 3-year average PS ratio of 0.88x.

Past Earnings Growth

The earnings for companies in the Renewable Energy industry have grown 18% per year over the last three years.
Meanwhile revenues for these companies have declined 5.0% per year.
This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Hong Kong Utilities industry?


HK Market	2.50%
Utilities	2.82%
Renewable Energy	5.25%
Renewable Energy	5.97%
Independent Power Producers and Energy Traders	5.08%

Industry PE

Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 20.6x.

Analysts are expecting annual earnings growth of 16.0%, which is higher than its past year's earnings decline of 19.5% per year.

Investors are most pessimistic about the Independent Power Producers and Energy Traders industry, which is trading below its 3-year average of 12.5x.

Forecasted Growth

Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 16% over the next 5 years.
This is better than its past earnings decline of 20% per year.

In contrast, the Independent Power Producers and Energy Traders industry is expected to see its earnings grow by 4.7% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
1816 CGN Power	HK$2.88	5.5% +HK$7.6b	-4.0%	PE13.2x
836 China Resources Power Holdings	HK$19.24	5.9% +HK$5.5b	-2.6%	PE6.9x
902 Huaneng Power International	HK$6.02	4.0% +HK$3.6b	20.9%	PE7.3x
916 China Longyuan Power Group	HK$5.70	7.8% +HK$3.4b	-21.4%	PE9.4x
991 Datang International Power Generation	HK$2.51	6.4% +HK$2.8b	25.5%	PE6.2x

Company

Last Price

Valuation

1816 CGN Power

HK$2.88

5.5%
+HK$7.6b

-4.0%

PE13.2x

836 China Resources Power Holdings

HK$19.24

5.9%
+HK$5.5b

-2.6%

PE6.9x

902 Huaneng Power International

HK$6.02

4.0%
+HK$3.6b

20.9%

PE7.3x

916 China Longyuan Power Group

HK$5.70

7.8%
+HK$3.4b

-21.4%

PE9.4x

991 Datang International Power Generation

HK$2.51

6.4%
+HK$2.8b

25.5%

PE6.2x

Datang International Power Generation Co., Ltd. announced that it expects to receive CNY 8 billion in funding from China Datang Corporation Ltd. and other investors

Datang International Power Generation Co., Ltd. announced a private placement and entered into share purchase agreement to issue no more than 2,666,666,666 new A Shares at an issue price of not be lower than the higher of 80% of the average trading price of the Company’s Shares for the 20 trading days prior to the Pricing Benchmark Date for gross issue size not exceeding CNY 8,000,000,000 on July 9, 2026. The transaction will include participation from not more than 35 (including 35 investors including China Datang Corporation Ltd for CNY 1,600,000,000 and include securities investment fund management companies, securities companies, trust companies, financial companies, insurance companies, assets management companies, qualified foreign institutional investors, and other legal persons, natural persons or other qualified investors who meet the provisions stipulated by relevant laws, administrative regulations and the Chinese Securities Regulatory Commission. The Shares to be subscribed by CDC under the Issuance shall not be transferable within 18 months from the closing date of the Issuance. The Shares to be subscribed by other subscribers under the Issuance to specific investors shall not be transferable within 6 months from the closing date of the Issuance. The remaining Shares will be subscribed by other subscribers in cash. The transaction has been approved by the board of directors at 15th Meeting of the Company’s 12th Directorate and is subject to approval from stock exchange, shareholders and regulatory authority. Shanghai Branch of China Securities Depository and Clearing Corporation Limited confirms that the number of new A Shares corresponding to the subscription amount paid by CDC under the A Share Subscription Agreement has been fully subscribed by CDC and duly registered.

Hong Kong (HSI) Renewable Energy Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Now 20% undervalued after recent price drop

China Power International Development Limited Provides Preliminary Unaudited Consolidated Group Earnings Guidance for the Six Months Ended 30 June 2026

902: Softer Margins And Revenue Will Pressure Future Earnings Despite Dividend

China Smarter Energy Group Holdings Ltd. Announces Change of Address of Registered Office in Bermuda

Now 22% overvalued

Xinyi Energy Holdings Limited to Report First Half, 2026 Results on Jul 31, 2026

Datang International Power Generation Co., Ltd. announced that it expects to receive CNY 8 billion in funding from China Datang Corporation Ltd. and other investors

Concord New Energy Group Limited Announces Board and Committee Changes, Effective July 9, 2026

Insufficient new directors

China Longyuan Power Group Corporation Limited to Report First Half, 2026 Results on Aug 28, 2026

New minor risk - Share price stability

China Datang Corporation Renewable Power Co., Limited Approves Final Dividend for the Year 2025, Payable on or Before 24 August 2026

New minor risk - Share price stability

China Resources Power Advances Renewables Spin-Off With Shenzhen Listing Progress

GCL New Energy Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 133.35 million.

Full year 2025 earnings released: CN¥0.014 loss per share (vs CN¥0.021 loss in FY 2024)