CGN Power Co., Ltd.
1816Company Overview
China General Nuclear Power Co., Ltd. (“CGN”) was established on March 25, 2014, listed on the main board of the Hong Kong Stock Exchange Limited (“Hong Kong Stock Exchange”) on December 10, 2014, and listed on the Shenzhen Stock Exchange (“Shenzhen Stock Exchange”) on August 26, 2019. It is the only platform for nuclear power generation by China General Nuclear Power Group Co., Ltd. (“CGN”). The company is committed to safe, efficient, stable and reliable nuclear power and energy supply and related nuclear energy professional services.
Country
HK
Market Cap
$13.21B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
0.49%
passed
Liabilities Compliance
191.25%
failed
Final Shariah Status
Failed
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
Stock Information
| Name | CGN Power Co., Ltd. |
| Ticker | 1816 |
| Main Business | Utilities—Independent Power Producers |
| Type | Common Stock |
| Industry | Utilities—Independent Power Producers |
| Country | HK |
| Market Cap | $13.21 B |
Shariah Analysis Breakdown
Business compliance Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Selling electricity | $30,920.0 | $0.0 | - |
| Building installation and design services | $7,500.0 | $0.0 | - |
| Provision of services | $573.4 | $0.0 | - |
| Merchandise sales and other | $160.2 | $0.0 | - |
| Other business | $118.8 | $0.0 | - |
| Interest income | $194.7 | $194.7 | - |
| Total | $39,467.1 | $194.7 | 0.49% (passed) |
Liabilities Compliance Breakdown
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| short term borrowing | $1,995,798,319.3 | 15.11% |
| notes payable | $956,582,633.1 | 7.24% |
| long term bank loan | $22,306,722,689.1 | 168.89% |
| Total Interest-Bearing Debt | $25,259,103,641.5 | 191.25% |
| Market Capitalization | $13,207,692,307.7 | 100.00% |
| Compliance Status | Threshold: 33% | failed |