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Datang International Power Generation Co
(0991)
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Rating:54Neutral
Price Target:
HK$2.50
â–¼(-1.57% Downside)
Action:Reiterated
Date:10/31/26
Overall score is held back primarily by financial risk and durability concerns: very high leverage (debt-to-equity ~6.5x) and weak/volatile free cash flow despite positive operating cash flow, alongside a sharp TTM revenue decline and margin compression. Valuation helps offset these risks (P/E ~12.7 and ~7.4% dividend yield), but technicals are currently soft with the price below key short-term averages and slightly negative MACD.
Positive Factors
Earnings Recovery
The return from losses to positive margins indicates improved operating profitability and earnings resilience. A roughly 5.8% TTM net margin and 18% EBITDA margin provide an earnings base that can support operations and capital needs over the coming quarters.
Negative Factors
Very High Leverage
Debt-to-equity of roughly 6.5x materially increases refinancing and interest-rate sensitivity. High leverage can absorb a larger share of operating cash through financing costs, reduce financial flexibility, and constrain the company’s ability to fund investment or withstand weaker earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Earnings Recovery
The return from losses to positive margins indicates improved operating profitability and earnings resilience. A roughly 5.8% TTM net margin and 18% EBITDA margin provide an earnings base that can support operations and capital needs over the coming quarters.
Read all positive factors
Datang International Power Generation Co (0991) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$82.84B
Dividend Yield7.38%
Average Volume (3M)16.47M
Price to Earnings (P/E)12.7
Beta (1Y)0.44
Revenue Growth3.20%
EPS Growth59.26%
CountryHK
Employees27,149
SectorGeneral
Sector StrengthN/A
IndustryIndependent Power Producers
Share Statistics
EPS (TTM)0.37
Shares Outstanding6,110,621,000
10 Day Avg. Volume20,334,887
30 Day Avg. Volume16,472,437
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)0.46
Price to Sales (P/S)0.32
P/FCF Ratio3.86
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$3.40Price Target Upside33.86% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.41
Revenue Forecast (FY)HK$124.50B
Datang International Power Generation Co Business Overview & Revenue Model
Company Description
Operating within the People's Republic of China, Datang International Power Generation Co., Ltd. and its various subsidiaries primarily focus on the generation of electricity and the development of power plants. Its business operations are structu...
How the Company Makes Money
The company primarily makes money by generating electricity and selling it to grid companies or power purchasers under regulated tariff frameworks and/or market-based power trading arrangements, depending on the applicable regional and policy envi...
Datang International Power Generation Co Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
38
Negative
Cash Flow
47
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 151.98B | 116.46B | 123.47B | 122.40B | 116.83B | 103.41B |
| Gross Profit | 28.50B | 29.04B | 18.36B | 14.38B | 8.32B | -950.19M |
| EBITDA | 41.02B | 31.08B | 28.54B | 25.05B | 19.97B | 8.80B |
| Net Income | 9.01B | 7.34B | 4.51B | 1.37B | -871.41M | -11.90B |
Balance Sheet | ||||||
| Total Assets | 337.78B | 333.78B | 322.60B | 304.00B | 305.05B | 295.97B |
| Cash, Cash Equivalents and Short-Term Investments | 9.77B | 9.27B | 7.73B | 9.02B | 10.14B | 11.26B |
| Total Debt | 165.18B | 170.23B | 192.22B | 179.76B | 178.33B | 167.99B |
| Total Liabilities | 233.49B | 234.13B | 229.12B | 215.53B | 228.74B | 219.80B |
| Stockholders Equity | 83.06B | 80.42B | 76.56B | 73.59B | 62.62B | 62.14B |
Cash Flow | ||||||
| Free Cash Flow | 2.98B | 9.53B | -4.36B | -573.50M | 214.67M | -5.78B |
| Operating Cash Flow | 33.72B | 37.84B | 26.12B | 21.21B | 20.46B | 8.25B |
| Investing Cash Flow | -28.87B | -26.46B | -28.71B | -17.68B | -19.42B | -13.12B |
| Financing Cash Flow | -5.61B | -9.70B | 1.30B | -4.59B | -2.59B | 8.07B |
Datang International Power Generation Co Technical Analysis
Positive
2.54
Price Trends
2.58
Positive
2.51
Positive
2.48
Positive
Market Momentum
-0.01
Positive
49.97
Neutral
26.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0991, the sentiment is Positive. The current price of 2.54 is below the 20-day moving average (MA) of 2.65, below the 50-day MA of 2.58, and above the 200-day MA of 2.48, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 49.97 is Neutral, neither overbought nor oversold. The STOCH value of 26.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0991.
Datang International Power Generation Co Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$103.13B | 7.78 | 11.72% | 5.48% | 2.19% | 1.10% | |
64 Neutral | HK$136.18B | 7.61 | 18.47% | 4.41% | -12.24% | 190.79% | |
62 Neutral | HK$260.38B | 22.40 | 8.63% | 2.87% | -16.31% | 21.48% | |
57 Neutral | HK$8.88B | 5.89 | 10.35% | 8.57% | -11.61% | -14.58% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | HK$125.94B | 25.10 | 7.10% | 7.44% | -3.23% | 7.26% | |
54 Neutral | HK$82.84B | 12.70 | 14.73% | 7.38% | 3.20% | 59.26% |
* General Sector Average
HK:0991
Datang International Power Generation Co
2.51
0.29
12.96%
HK:1816
CGN Power Co
3.43
0.44
14.83%
HK:0836
China Resources Power Holdings Co
19.92
2.32
13.18%
HK:0006
Power Assets Holdings
63.90
16.71
35.42%
HK:0902
Huaneng Power International
6.11
0.14
2.35%
HK:1811
CGN New Energy Holdings Co., Ltd.
2.07
-0.49
-19.20%
Datang International Power Generation Co Corporate Events
Datang International Board Approves Management Change and Q3 2026 Report
Oct 29, 2026
Datang International’s board convened its nineteenth meeting of the twelfth session on 29 October 2026, confirming that all 15 directors attended and that the meeting complied with relevant legal and corporate governance requirements. The bo...
Datang International Power Profit Falls Sharply in Q3 2026 Despite Stable Revenue
Oct 29, 2026
Datang International Power Generation reported third-quarter 2026 operating revenue of RMB31.52 billion, down 2% year on year, while total profit slumped 44% and net profit attributable to equity holders fell nearly 59%, reflecting sharply lower p...
Datang International Shareholders Approve Financial Support for Affiliated Power Units
Oct 29, 2026
Datang International Power Generation Co., Ltd. announced that shareholders approved an ordinary resolution at its fourth extraordinary general meeting of 2026 to provide financial assistance to two affiliated enterprises, Lvsigang Power Generatio...
Datang International Power Lifts Output as Gas and Renewables Offset Coal Decline
Oct 27, 2026
Datang International Power Generation Co., Ltd. reported that its total on-grid power generation for the first three quarters of 2026 reached approximately 208.74 billion kWh, up 1.21% year on year. The company saw declines in coal-fired output bu...
Datang International to Review Unaudited Q3 2026 Results at Board Meeting
Oct 16, 2026
Datang International Power Generation Co., Ltd. has scheduled a meeting of its board of directors for 29 October 2026 in Beijing to review and approve the unaudited third-quarter results. The meeting will cover the financial performance of the com...
Datang International boosts nuclear investment and extends loans to power subsidiaries
Oct 9, 2026
Datang International’s board has approved a RMB628 million capital injection into China Datang Corporation Nuclear Power Company Limited, maintaining its 40% stake and reinforcing the group’s commitment to nuclear power development. Th...
Datang International Seeks Shareholder Approval for Green-Focused Entrusted Loans
Oct 9, 2026
Datang International Power Generation Co., Ltd. has called its fourth extraordinary general meeting of 2026 for 29 October in Beijing, where shareholders will vote on approving financial assistance to two affiliated power generation subsidiaries. ...
Datang International Boosts Investment in Nuclear Joint Venture with CDC
Oct 9, 2026
Datang International Power Generation Co. and its controlling shareholder China Datang Corporation have agreed to inject new capital into Datang Nuclear Company, a joint venture focused on nuclear power generation. The company will contribute RMB6...
Datang International Raises Capital at Lvsigang Subsidiary via Connected Transaction
Aug 28, 2026
Datang International Power Generation Co. has agreed a capital increase with Datang Jiangsu and Nantong State-owned Assets Investment for their joint subsidiary Datang Lvsigang. The parties will inject a total of RMB1.67 billion in cash, with Data...
Datang International Power Generation Clarifies Board Roles and Governance Structure
Aug 28, 2026
Datang International Power Generation Co., Ltd. has disclosed the current composition of its board of directors, detailing the roles of executive, non-executive and independent non-executive directors, including Chairman Song Bo and Joint Company ...
Datang International Power Announces Interim Dividend and Sets Hong Kong Payout Terms
Aug 28, 2026
Datang International Power Generation Co., Ltd., a major Chinese electricity producer listed in Hong Kong, announced an interim ordinary cash dividend for the six months ended 30 June 2026, reflecting its continued capital return to shareholders i...
Datang International Power Generation Sets Record Interim Profit as 15th Five-Year Plan Begins
Aug 28, 2026
Datang International Power Generation reported solid interim results for the six months to 30 June 2026, with operating revenue rising 2.14% year on year to about RMB58.4 billion and profit before tax climbing 13.61% to roughly RMB8.7 billion. Net...
Datang International Power Generation Shareholders Approve New Executive Director
Aug 28, 2026
Datang International Power Generation has appointed veteran executive Sun Yanwen as an executive director of its twelfth board after shareholders approved the move at the company’s third extraordinary general meeting of 2026 in Beijing. The ...
Datang International Approves New Wind Project and Adjusts Major Power Investments
Aug 28, 2026
Datang International’s board held its seventeenth meeting of the twelfth session on 28 August 2026, with all 15 directors present and voting, and approved several key resolutions related to governance and investment planning. The company adj...
Datang International Power Schedules Board Meeting to Review 2026 Interim Results
Aug 18, 2026
Datang International Power Generation Co., Ltd. has scheduled a meeting of its board of directors for 28 August 2026 in Beijing to review and approve the unaudited interim results for the first half of 2026. The announcement signals forthcoming di...
Datang International Calls August EGM to Elect New Executive Director
Aug 10, 2026
Datang International Power Generation Co., Ltd. has called its third extraordinary general meeting for 28 August 2026 in Beijing to approve the election of Mr. Sun Yanwen as an executive director for the twelfth board session. The meeting undersco...
Datang International Power Generation Updates Board and Committee Structure
Aug 6, 2026
Datang International Power Generation has released an updated list of its board of directors, confirming Song Bo as chairman and identifying the mix of executive, non-executive and independent non-executive directors overseeing the company. The di...
Datang International Reshapes Senior Management and Board Leadership
Aug 6, 2026
Datang International Power Generation Co.’s board convened its sixteenth meeting of the twelfth session on 6 August 2026, confirming that all procedures complied with Chinese company law and the company’s articles of association. The m...
Datang International Wins Shareholder Backing for Targeted A-Share Issuance
Aug 6, 2026
Datang International Power Generation Co., Ltd. held its second extraordinary general meeting of 2026 in Beijing, complying with PRC corporate law and its Articles of Association. Shareholder participation was robust, with about 70.67% of total is...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.