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
Thu, 27 Aug 2026	HK$733.0b	HK$768.3b	HK$55.6b	9.2x	13.2x	1x
Sat, 25 Jul 2026	HK$744.9b	HK$770.2b	HK$59.2b	9.8x	12.6x	1x
Mon, 22 Jun 2026	HK$788.1b	HK$770.5b	HK$59.2b	9.2x	13.3x	1x
Wed, 20 May 2026	HK$879.0b	HK$766.7b	HK$58.9b	10.5x	14.9x	1.1x
Fri, 17 Apr 2026	HK$745.1b	HK$772.9b	HK$60.5b	10.2x	12.3x	1x
Sun, 15 Mar 2026	HK$799.7b	HK$784.1b	HK$62.5b	9.9x	12.8x	1x
Tue, 10 Feb 2026	HK$708.4b	HK$780.5b	HK$62.1b	9.1x	11.4x	0.9x
Thu, 08 Jan 2026	HK$706.5b	HK$770.3b	HK$61.3b	8.9x	11.5x	0.9x
Sat, 06 Dec 2025	HK$720.5b	HK$764.4b	HK$60.9b	8.7x	11.8x	0.9x
Mon, 03 Nov 2025	HK$736.7b	HK$759.3b	HK$60.5b	9.3x	12.2x	1x
Wed, 01 Oct 2025	HK$782.9b	HK$886.2b	HK$63.7b	9.8x	12.3x	0.9x
Fri, 29 Aug 2025	HK$861.4b	HK$888.8b	HK$62.3b	9.8x	13.8x	1x
Sun, 27 Jul 2025	HK$861.0b	HK$898.9b	HK$63.1b	10x	13.7x	1x
Tue, 24 Jun 2025	HK$822.0b	HK$896.9b	HK$62.9b	9x	13.1x	0.9x
Thu, 22 May 2025	HK$810.4b	HK$897.4b	HK$63.6b	9.5x	12.7x	0.9x
Sat, 19 Apr 2025	HK$743.8b	HK$897.5b	HK$63.1b	8.7x	11.8x	0.8x
Mon, 17 Mar 2025	HK$736.9b	HK$893.1b	HK$54.3b	8.7x	13.6x	0.8x
Wed, 12 Feb 2025	HK$708.4b	HK$888.0b	HK$54.0b	8x	13.1x	0.8x
Fri, 10 Jan 2025	HK$702.4b	HK$884.2b	HK$53.8b	7.8x	13x	0.8x
Sun, 08 Dec 2024	HK$757.6b	HK$890.4b	HK$54.2b	8.4x	14x	0.9x
Tue, 05 Nov 2024	HK$787.4b	HK$908.2b	HK$55.0b	8.6x	14.3x	0.9x
Thu, 03 Oct 2024	HK$803.4b	HK$908.4b	HK$58.8b	9.4x	13.7x	0.9x
Sat, 31 Aug 2024	HK$774.0b	HK$903.3b	HK$58.5b	8.1x	13.2x	0.9x
Mon, 29 Jul 2024	HK$827.9b	HK$902.6b	HK$57.3b	9x	14.5x	0.9x
Wed, 26 Jun 2024	HK$848.6b	HK$901.0b	HK$57.2b	10.4x	14.8x	0.9x
Fri, 24 May 2024	HK$787.3b	HK$903.0b	HK$58.0b	9.4x	13.6x	0.9x
Sun, 21 Apr 2024	HK$789.6b	HK$903.5b	HK$53.1b	8.6x	14.9x	0.9x
Tue, 19 Mar 2024	HK$771.5b	HK$913.5b	HK$52.4b	8.9x	14.7x	0.8x
Thu, 15 Feb 2024	HK$704.2b	HK$915.3b	HK$53.0b	7.8x	13.3x	0.8x
Sat, 13 Jan 2024	HK$701.0b	HK$917.3b	HK$53.1b	8.2x	13.2x	0.8x
Mon, 11 Dec 2023	HK$659.8b	HK$916.3b	HK$53.0b	7.6x	12.4x	0.7x
Wed, 08 Nov 2023	HK$659.1b	HK$902.5b	HK$52.7b	7.6x	12.5x	0.7x
Fri, 06 Oct 2023	HK$679.9b	HK$903.2b	HK$41.2b	7.3x	16.5x	0.8x
Sun, 03 Sep 2023	HK$685.1b	HK$909.3b	HK$41.5b	7.8x	16.5x	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 13.3x.

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 10% per year over the last three years.
Meanwhile revenues for these companies have declined 5.2% 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	2.06%
Utilities	1.99%
Renewable Energy	4.84%
Independent Power Producers and Energy Traders	4.99%
Renewable Energy	4.22%

Industry PE

Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 21.1x.

Analysts are expecting annual earnings growth of 16.2%, 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 close to its 3-year average of 12.2x.

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 7.5% 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$3.01	8.1% +HK$11.4b	-2.4%	PE13.1x
836 China Resources Power Holdings	HK$18.66	4.4% +HK$4.0b	2.9%	PE6.7x
916 China Longyuan Power Group	HK$5.61	4.4% +HK$2.0b	-17.0%	PE9.2x
991 Datang International Power Generation	HK$2.47	3.8% +HK$1.7b	16.8%	PE6x
902 Huaneng Power International	HK$5.48	1.8% +HK$1.5b	-2.7%	PE8x

Company

Last Price

Valuation

1816 CGN Power

HK$3.01

8.1%
+HK$11.4b

-2.4%

PE13.1x

836 China Resources Power Holdings

HK$18.66

4.4%
+HK$4.0b

2.9%

PE6.7x

916 China Longyuan Power Group

HK$5.61

4.4%
+HK$2.0b

-17.0%

PE9.2x

991 Datang International Power Generation

HK$2.47

3.8%
+HK$1.7b

16.8%

PE6x

902 Huaneng Power International

HK$5.48

1.8%
+HK$1.5b

-2.7%

PE8x

China Resources Power Holdings Company Limited Announces Board and Committee Changes, Effective August 26, 2026

China Resources Power Holdings Company Limited announced that, with effect from August 26, 2026, Ms. LEUNG Oi-sie, Elsie tendered her resignation as an independent non-executive Director, the chairman of the Remuneration Committee, a member of the Audit and Risk Committee and a member of the Nomination Committee due to other work arrangement. Dr. CH’IEN Kuo Fung, Raymond tendered his resignation as an independent non-executive Director, a member of the Sustainability Committee, a member of the Audit and Risk Committee, a member of the Nomination Committee and a member of the Remuneration Committee due to other work arrangement. Mr. SO Chak Kwong, Jack tendered his resignation as an independent non-executive Director, the chairman of the Sustainability Committee, a member of the Audit and Risk Committee and a member of the Nomination Committee due to other work arrangement. Mr. GAO Jian was appointed as a non-executive Director and a member of the Sustainability Committee with effect from August 26, 2026. Mr. GAO, aged 46, was appointed as a non-executive Director and a member of the Sustainability Committee in August 2026. He currently serves as a designated external director of business units of China Resources Group, an external director of China Resources Ng Fung Limited, and meanwhile works in China Resources Corporate Service (Shenzhen) Limited. Mr. GAO joined China Resources Group in August 2012 and has successively served as senior management in the audit and supervision department, the audit department of China Resources (Holdings) Company Limited, China Resources SZITIC Trust Co. Ltd. and China Resources Gas Group Limited. Mr. GAO has obtained a Bachelor’s Degree in Management from Southwestern University of Finance and Economics, China. He holds the qualification of Intermediate Accountant. Mr. YANG Yuchuan was appointed as a member of the Sustainability Committee with effect from August 26, 2026. Mr. CHAN Hak Kan was redesignated as the chairman of the Sustainability Committee and appointed as a member of the Audit and Risk Committee with effect from August 26, 2026. Mr. CHAN Yung was appointed as a member of the Nomination Committee with effect from August 26, 2026. Ms. MAN Wing Yee, Ginny was redesignated as the chairman of the Remuneration Committee and appointed as a member of the Nomination Committee with effect from August 26, 2026. Following the above changes of the Board members and with effect from August 26, 2026, the composition of the board committees of the Company was changed as follows: Sustainability Committee: Mr. SO ceased to be a chairman and Dr. CH’IEN ceased to be a member; Mr. CHAN Hak Kan, an independent non-executive Director, was redesignated as the chairman, Mr. YANG Yuchuan, an independent non-executive Director, and Mr. GAO, a non-executive Director, were appointed as members. Remuneration Committee: Ms. LEUNG ceased to be a chairman and Dr. CH’IEN ceased to be a member; Ms. MAN Wing Yee, Ginny, an independent non-executive director, was redesignated as the chairman. Audit and Risk Committee: Ms. LEUNG, Dr. CH’IEN and Mr. SO ceased to be members, Mr. CHAN Hak Kan, an independent non-executive Director was appointed as a member. Nomination Committee: Ms. LEUNG, Dr. CH’IEN and Mr. SO ceased to be members, Mr. CHAN Yung, Ms. MAN Wing Yee, Ginny, both independent non-executive Directors, were appointed as members. As at the date of this announcement and after the aforesaid changes, the Board of the Company comprised four executive Directors, namely Mr. SHI Baofeng (Chairman), Mr. WANG Bo, Mr. SONG Kui and Mr. HOU Yongjie; four non-executive Directors, namely Mr. ZHOU Bo, Mr. LI Chuanji, Mr. ZENG Jun and Mr. GAO Jian; and four independent non-executive Directors, namely Mr. YANG Yuchuan, Mr. CHAN Hak Kan, Mr. CHAN Yung and Ms. MAN Wing Yee, Ginny.

Hong Kong (HSI) Renewable Energy Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

China Resources Power Holdings Company Limited Announces Board and Committee Changes, Effective August 26, 2026

Second quarter 2026 earnings released: EPS: CN¥0.067 (vs CN¥0.058 in 2Q 2025)

China Ruifeng Renewable Energy Holdings Limited Provides Earnings Guidance for the Six Months Ended 30 June 2026

PJ Millennium Limited Partnership completed the acquisition of 38.08% stake in VNET Group, Inc. (NasdaqGS:VNET) from Shandong Hi-Speed Holdings Group Limited (SEHK:412).

New minor risk - Profit margin trend

902: Dividend Timetable And Higher Discount Rate Will Shape Balanced Outlook

China Renewable Energy Investment Limited to Report First Half, 2026 Results on Aug 31, 2026

Puxing Energy Limited to Report First Half, 2026 Results on Aug 28, 2026

First half 2026 earnings released: EPS: HK$0.095 (vs HK$0.092 in 1H 2025)

Dynasty Digital Holdings Limited to Report First Half, 2026 Results on Aug 26, 2026

CGN New Energy Holdings Co., Ltd. to Report First Half, 2026 Results on Aug 26, 2026

China Datang Corporation Renewable Power Co., Limited to Report First Half, 2026 Results on Aug 27, 2026

Now 22% overvalued

Tonking New Energy Group Holdings Limited, Annual General Meeting, Sep 18, 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

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