Skip to Content
Morningstar

China Datang Corp Renewable Power Co Ltd Class H 01798

Morningstar Rating
Unlock
Stock XHKG Rating as of
HK$2.12 −0.01 (0.47%)
View Full Chart
As of Delayed Price Closed
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

Datang Renewable's Earnings Pressured by Weak Average Tariff

Chokwai Lee

Datang Renewable is one of China’s earliest renewable fuel source independent power producers. With wind power accounting for about 84% of total installed capacity as of the end of 2023, DR is poised to benefit from China’s plans to cut carbon-based pollution and ambitious targets in renewable power development. However, the company’s high financial leverage has been hindering its growth. Over the past 10 years, DR’s wind capacity rose at an average of 9% per year, lagging industry average of 19%.

Read Full Report

Price vs Fair Value

View History
01798 is trading within a range we consider fairly valued.
Price
HK$2.12
Fair Value
HK$8.60
Uncertainty
High
1-Star Price
HK$1.45
5-Star Price
HK$1.76
Economic Moat
Wgbw
Capital Allocation
Srjfr

Bulls Say, Bears Say

Bulls

Growth in electricity consumption and China’s carbon-neutral commitment by 2060 will favor DR’s offtake.

Bears

Government subsidies are at risk of payment delays, which raises the company’s accounts receivable, hurting cash flows.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if 01798 is a good fit for your portfolio.
Get 7 Days Free

Trading Information

Previous Close Price
HK$2.13
Day Range
HK$2.11–2.17
52-Week Range
HK$1.48–2.60
Bid/Ask
HK$2.12 / HK$2.13
Market Cap
HK$15.42 Bil
Volume/Avg
8.3 Mil / 23.4 Mil

Key Statistics

Price/Earnings (Normalized)
5.99
Price/Sales
1.09
Dividend Yield (Trailing)
3.63%
Dividend Yield (Forward)
3.63%
Total Yield
3.63%

Company Profile

Datang Renewable is one of China’s leading wind power operators, with installed wind capacity of 13.0 gigawatts as of the end of 2023, representing 2.9% of the nationwide wind capacity. About 84.2% of the total installed capacity is wind power. The company also operates solar power plants on a smaller scale. China Datang Group is the major shareholder with a controlling stake of more than 60%.
Sector
Utilities
Industry
Utilities - Renewable
Stock Style Box
Mid Value
Total Number of Employees
4,184
Website
http://www.cdt-re.com

Competitors

Valuation

View More
Metric
01798
01816
00836
Price/Earnings (Normalized)
 5.9914.467.81
Price/Book Value
 0.791.321.21
Price/Sales
 1.091.860.99
Price/Cash Flow
 1.65—3.80
Price/Earnings
01798
01816
00836

Financial Strength

Metric
01798
01816
00836
Quick Ratio
 1.170.420.51
Current Ratio
 1.180.940.59
Interest Coverage
 3.094.734.69
Quick Ratio
01798
01816
00836

Profitability

Metric
01798
01816
00836
Return on Assets (Normalized)
 3.32%4.17%4.37%
Return on Equity (Normalized)
 19.38%15.31%16.01%
Return on Invested Capital (Normalized)
 5.21%5.97%6.39%
Return on Assets
01798
01816
00836
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Utilities - Renewable Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Constellation Energy Corp
CEG
—Vmftcs$55.2 Bil
 GE Vernova Inc
GEV
GylskrwJbyrh$47.6 Bil
 Verbund AG ADR
OEZVY
—Kzs$28.1 Bil
 Verbund AG Class A
OEZVF
—Hbzz$28.1 Bil
 Orsted A/S ADR
DNNGY
—Rpcl$24.8 Bil
 Orsted A/S
DOGEF
—Wkb$24.8 Bil
 EDP Renovaveis SA ADR
EDRVY
—Nps$16.2 Bil
 EDP Renovaveis SA
EDRVF
—Byr$16.2 Bil
 Brookfield Renewable Partners LP
BEP
SmxgwsrvxWktx$7.0 Bil
 Brookfield Renewable Corp Ordinary Shares - Class A (Sub Voting)
BEPC
FjjkvpdnvkNdt$5.1 Bil

Sponsor Center