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Datang International Power Generation Co
(0991)
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Rating:62Neutral
Price Target:
HK$3.00
â–²(18.11% Upside)
Action:Reiterated
Date:09/07/26
The score is primarily held back by elevated balance-sheet risk (very high TTM debt-to-equity) and only moderate free-cash-flow conversion despite improved profitability. Offsetting this, technicals are moderately bullish with price above key moving averages and positive MACD, and valuation is supported by a reasonable P/E and a high dividend yield.
Positive Factors
Improving profitability and growth
The sharp recovery in net income, alongside strong trailing revenue growth and a solid operating margin, indicates that the operating platform is generating materially better earnings than in earlier years. If maintained, this improvement can strengthen reinvestment capacity and support more resilient performance.
Negative Factors
Very high leverage
The unusually high debt burden materially reduces financial flexibility for a capital-intensive power producer. Large borrowings can increase financing pressure, constrain future investment choices, and make earnings and cash generation more sensitive to operating setbacks or changes in funding conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving profitability and growth
The sharp recovery in net income, alongside strong trailing revenue growth and a solid operating margin, indicates that the operating platform is generating materially better earnings than in earlier years. If maintained, this improvement can strengthen reinvestment capacity and support more resilient performance.
Read all positive factors
Datang International Power Generation Co (0991) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$101.68B
Dividend Yield6.78%
Average Volume (3M)26.68M
Price to Earnings (P/E)13.8
Beta (1Y)0.55
Revenue Growth3.20%
EPS Growth59.26%
CountryHK
Employees27,149
SectorGeneral
Sector StrengthN/A
IndustryIndependent Power Producers
Share Statistics
EPS (TTM)0.61
Shares Outstanding6,110,621,000
10 Day Avg. Volume28,970,100
30 Day Avg. Volume26,683,178
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)0.34
Revenue Forecast (FY)HK$123.99B
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
72
Positive
Balance Sheet
38
Negative
Cash Flow
54
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 181.29B | 116.46B | 123.47B | 122.40B | 116.83B | 103.41B |
| Gross Profit | 41.86B | 29.04B | 18.36B | 14.38B | 8.32B | -950.19M |
| EBITDA | 47.06B | 30.79B | 28.54B | 25.05B | 19.97B | 8.80B |
| Net Income | 11.39B | 7.34B | 4.51B | 1.37B | -871.41M | -11.90B |
Balance Sheet | ||||||
| Total Assets | 338.31B | 333.78B | 322.60B | 304.00B | 305.05B | 295.97B |
| Cash, Cash Equivalents and Short-Term Investments | 10.92B | 9.27B | 7.73B | 9.02B | 10.14B | 11.26B |
| Total Debt | 175.99B | 170.23B | 192.22B | 179.76B | 178.33B | 167.99B |
| Total Liabilities | 235.24B | 234.13B | 229.12B | 215.53B | 228.74B | 219.80B |
| Stockholders Equity | 83.67B | 80.42B | 76.56B | 73.59B | 62.62B | 62.14B |
Cash Flow | ||||||
| Free Cash Flow | 8.63B | 9.53B | -4.36B | -573.50M | 214.67M | -5.78B |
| Operating Cash Flow | 37.54B | 37.84B | 26.12B | 21.21B | 20.46B | 8.25B |
| Investing Cash Flow | -27.00B | -26.46B | -28.71B | -17.68B | -19.42B | -13.12B |
| Financing Cash Flow | -9.13B | -9.70B | 1.30B | -4.59B | -2.59B | 8.07B |
Datang International Power Generation Co Technical Analysis
Positive
2.54
Price Trends
2.41
Positive
2.53
Positive
2.39
Positive
Market Momentum
0.06
Negative
78.45
Negative
77.08
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 above the 20-day moving average (MA) of 2.44, above the 50-day MA of 2.41, and above the 200-day MA of 2.39, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 78.45 is Negative, neither overbought nor oversold. The STOCH value of 77.08 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$130.32B | 7.28 | 18.47% | 4.61% | -12.24% | 190.79% | |
66 Neutral | HK$99.19B | 7.35 | 11.72% | 5.81% | 2.19% | 1.10% | |
63 Neutral | HK$232.39B | 21.93 | 8.00% | 3.17% | -18.88% | 6.88% | |
62 Neutral | HK$101.68B | 13.79 | 23.15% | 6.78% | 3.20% | 59.26% | |
57 Neutral | HK$9.29B | 6.21 | 10.35% | 5.75% | -11.61% | -14.58% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | HK$118.22B | 11.98 | 13.54% | 7.88% | -3.23% | 7.26% |
* General Sector Average
HK:0991
Datang International Power Generation Co
2.73
0.49
21.82%
HK:1816
CGN Power Co
3.11
0.24
8.36%
HK:0836
China Resources Power Holdings Co
18.81
1.06
5.95%
HK:0006
Power Assets Holdings
61.15
12.59
25.92%
HK:0902
Huaneng Power International
5.77
0.11
1.89%
HK:1811
CGN New Energy Holdings Co., Ltd.
2.18
-0.39
-15.18%
Datang International Power Generation Co Corporate Events
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...
Datang Power Calls 2026 EGM to Approve Targeted A-Share Issuance
Jul 21, 2026
Datang International Power Generation Co., Ltd. has called a second extraordinary general meeting for 6 August 2026 in Beijing to seek shareholder approval for a proposed issuance of A shares to specific investors. The agenda covers the structure ...
Datang Power Lifts First-Half On-Grid Generation as Market-Based Sales Grow
Jul 20, 2026
Datang International Power Generation Co., Ltd. reported that its total on-grid power generation reached approximately 129.47 billion kWh in the first half of 2026, up 4.42% year on year, driven by higher national electricity demand, expanded gas-...
Datang International Sets August EGM and Temporarily Closes H Share Register
Jul 20, 2026
Datang International Power Generation Co., Ltd., a sino-foreign joint stock power producer incorporated in the PRC and listed in Hong Kong under stock code 00991, operates in the electricity generation sector and maintains an H share register in t...
Datang International Approves Targeted A-Share Issuance Plan for 2026
Jul 9, 2026
Datang International Power Generation Co., Ltd. has approved a plan to issue domestic listed Renminbi ordinary shares (A shares) to specific investors in 2026, with each share carrying a par value of RMB1.00. The move underscores the company’...
Datang International Plans RMB8 Billion Targeted A-Share Issuance
Jul 9, 2026
Datang International Power Generation Co. plans to issue up to 2,666,666,666 new A shares to no more than 35 specific investors, aiming to raise up to RMB8 billion in cash. Its controlling shareholder, CDC, will subscribe for 20% of the new shares...
Datang International Updates Hong Kong Agent and Business Address
Jun 30, 2026
Datang International Power Generation Co., Ltd. has updated its statutory arrangements in Hong Kong, appointing a new agent for the service of process and notices under the Companies Ordinance. The role has been transferred from Ms. Yung Mei Yee t...
Datang International Shareholders Back 2025 Results, Payouts and Governance Moves at AGM
Jun 26, 2026
Datang International Power Generation Co., Ltd. held its 2025 annual general meeting in Beijing on 26 June 2026, with shareholders representing about 69.90% of the company’s issued share capital participating in person or online. The meeting...
Datang International Reshapes Board Leadership and Risk Committee
Jun 26, 2026
Datang International Power Generation Co. has appointed Director Song Bo as chairman of the twelfth session of its board, succeeding Li Xiaofei, following a duly convened and unanimously approved board meeting in Beijing. The strategic development...
Datang International Power Clarifies Board Structure and Committee Roles
Jun 26, 2026
Datang International Power Generation Co., Ltd. has outlined the current composition of its board, led by executive director and chairman Song Bo, and including a mix of non-executive and independent non-executive directors. The announcement confi...
Datang International Updates Final Dividend and Tax Terms for 2025
Jun 26, 2026
Datang International Power Generation Co., Ltd. has updated its final dividend arrangement for the financial year ended 31 December 2025, declaring a dividend of RMB 0.093 per share, equivalent to HKD 0.10694 per H share, with shareholders’ ...
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.