---
title: "China Resources Power Advances Spin-Off and Shenzhen Listing of New Energy Unit"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290850723.md"
description: "China Resources Power Holdings confirmed the spin-off and Shenzhen Main Board listing of its subsidiary, China Resources New Energy Holdings. The new entity will trade under codewith an issue price of RMB10.11 per share, issuing up to 2.42 billion A-shares. This move aims to highlight the renewable energy portfolio and improve valuation transparency. Meanwhile, analyst ratings for the parent company (HK:0836) remain at 'Sell' with a HK$14.89 target."
datetime: "2026-06-25T14:41:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290850723.md)
  - [en](https://longbridge.com/en/news/290850723.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290850723.md)
generator: "portal-rs"
---

# China Resources Power Advances Spin-Off and Shenzhen Listing of New Energy Unit

The latest update is out from China Resources Power Holdings Co ( (HK:0836) ).

China Resources Power Holdings has confirmed the progress of the planned spin-off and listing of its subsidiary, China Resources New Energy Holdings, on the Main Board of the Shenzhen Stock Exchange. The move positions its new energy arm as a separately traded entity in mainland China, underscoring the group’s strategy to highlight and fund its renewable energy portfolio.

The spin-off vehicle, to be traded under the stock abbreviation China Resources New Energy with code 001248.SZ, has set an issue price of RMB10.11 per share. It will issue up to 2.42 billion A-shares, representing up to about 18.19% of its enlarged share capital upon full exercise of the over-allotment option, providing fresh equity capital and potentially improving valuation transparency for shareholders.

The most recent analyst rating on (HK:0836) stock is a Sell  
 with a HK$14.89 price target.  
 To see the full list of analyst forecasts on China Resources Power Holdings Co stock,  
 see the HK:0836 Stock Forecast page. 

**More about China Resources Power Holdings Co**

China Resources Power Holdings is a Hong Kong-incorporated power company focused on electricity generation and related energy businesses. Through its subsidiary China Resources New Energy Holdings, it is expanding its footprint in the mainland Chinese new energy sector, with listings in both Hong Kong and now Shenzhen enhancing its capital market access.

**Average Trading Volume:** 16,412,228

**Technical Sentiment Signal:** Buy

**Current Market Cap:** HK$94.27B

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**