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Datang International Power Generation Co
(0991)
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Rating:58Neutral
Price Target:
HK$2.50
â–²(14.16% Upside)
Action:Reiterated
Date:05/30/26
The score is held back primarily by balance-sheet risk (very high debt-to-equity) and inconsistent free cash flow despite improved profitability. Technicals are moderately constructive with price above major moving averages and neutral momentum, while valuation is mixed—supported by a ~4% yield but tempered by a ~22x P/E.
Positive Factors
Improved profitability
Consistent TTM net and EBIT margins indicate an operational recovery from prior losses and more reliable earnings generation. Sustained margins bolster internal cash accruals, support routine maintenance and reinvestment in generation assets, and improve resilience to demand and dispatch cycles.
Negative Factors
Very high leverage
An extreme TTM debt-to-equity (~7.3x) substantially raises refinancing, interest-rate and covenant risks. A debt-heavy capital structure limits strategic flexibility, increases cash interest burdens and constrains the company's ability to fund capex or absorb shocks without asset sales or balance-sheet repair.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved profitability
Consistent TTM net and EBIT margins indicate an operational recovery from prior losses and more reliable earnings generation. Sustained margins bolster internal cash accruals, support routine maintenance and reinvestment in generation assets, and improve resilience to demand and dispatch cycles.
Read all positive factors
Datang International Power Generation Co (0991) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$109.68B
Dividend Yield5.62%
Average Volume (3M)26.71M
Price to Earnings (P/E)15.6
Beta (1Y)0.59
Revenue Growth-2.05%
EPS Growth96.13%
CountryHK
Employees27,149
SectorGeneral
Sector StrengthN/A
IndustryIndependent Power Producers
Share Statistics
EPS (TTM)0.43
Shares Outstanding6,110,621,000
10 Day Avg. Volume28,466,093
30 Day Avg. Volume26,706,594
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.34
Revenue Forecast (FY)HK$120.59B
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
Datang International Power Generation Co. makes money mainly by generating and selling electricity. Its core revenue stream comes from selling power produced by its power plants into regional/provincial electricity markets and/or to grid companies...
Datang International Power Generation Co Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
38
Negative
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 151.45B | 116.46B | 123.47B | 122.40B | 116.83B | 103.41B |
| Gross Profit | 32.60B | 29.04B | 18.36B | 14.38B | 8.32B | -950.19M |
| EBITDA | 34.63B | 30.79B | 28.54B | 25.05B | 19.97B | 8.80B |
| Net Income | 8.00B | 7.34B | 4.51B | 1.37B | -871.41M | -11.90B |
Balance Sheet | ||||||
| Total Assets | 331.35B | 333.78B | 322.60B | 304.00B | 305.05B | 295.97B |
| Cash, Cash Equivalents and Short-Term Investments | 9.37B | 9.27B | 7.73B | 9.02B | 10.14B | 11.26B |
| Total Debt | 165.41B | 170.23B | 192.22B | 179.76B | 178.33B | 167.99B |
| Total Liabilities | 228.56B | 234.13B | 229.12B | 215.53B | 228.74B | 219.80B |
| Stockholders Equity | 82.88B | 80.42B | 76.56B | 73.59B | 62.62B | 62.14B |
Cash Flow | ||||||
| Free Cash Flow | 9.14B | 9.53B | -4.36B | -573.50M | 214.67M | -5.78B |
| Operating Cash Flow | 37.09B | 37.84B | 26.12B | 21.21B | 20.46B | 8.25B |
| Investing Cash Flow | -26.16B | -26.46B | -28.71B | -17.68B | -19.42B | -13.12B |
| Financing Cash Flow | -12.13B | -9.70B | 1.30B | -4.59B | -2.59B | 8.07B |
Datang International Power Generation Co Technical Analysis
Negative
2.19
Price Trends
2.71
Negative
2.58
Negative
2.40
Negative
Market Momentum
-0.11
Positive
39.37
Neutral
26.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0991, the sentiment is Negative. The current price of 2.19 is below the 20-day moving average (MA) of 2.51, below the 50-day MA of 2.71, and below the 200-day MA of 2.40, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 39.37 is Neutral, neither overbought nor oversold. The STOCH value of 26.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$90.39B | 6.24 | 12.76% | 5.89% | -3.11% | -5.45% | |
68 Neutral | HK$124.56B | 19.95 | 6.94% | 5.15% | -16.10% | 1.91% | |
66 Neutral | HK$113.23B | 9.50 | 13.13% | 4.74% | -6.95% | 61.55% | |
61 Neutral | HK$206.31B | 20.54 | 7.69% | 3.50% | -16.49% | -5.62% | |
59 Neutral | HK$9.39B | 4.38 | 15.18% | 4.29% | -13.33% | 11.03% | |
58 Neutral | HK$109.68B | 15.57 | 16.76% | 5.62% | -2.05% | 96.13% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
HK:0991
Datang International Power Generation Co
2.37
0.34
16.86%
HK:1816
CGN Power Co
2.75
>-0.01
-0.15%
HK:0836
China Resources Power Holdings Co
17.46
-1.20
-6.45%
HK:0006
Power Assets Holdings
58.45
10.62
22.21%
HK:0902
Huaneng Power International
5.58
1.03
22.72%
HK:1811
CGN New Energy Holdings Co., Ltd.
2.19
-0.22
-9.02%
Datang International Power Generation Co Corporate Events
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’ ...
Datang International Sets 2025 AGM and Dividend Record Dates for H-Shareholders
Jun 5, 2026
Datang International Power Generation Co. has convened its 2025 annual general meeting for 26 June 2026 in Beijing, where shareholders will review the 2025 board work report, financial results, profit distribution proposal, and remuneration measur...
Datang International Updates 2025 Final Dividend Timetable and Tax Terms
Jun 5, 2026
Datang International Power Generation Co., Ltd., a leading Chinese electricity producer listed in Hong Kong, operates H shares that are widely held by non-resident individual and enterprise investors. The company plays a key role in supplying powe...
Datang International Board Backs Director Change Ahead of General Meeting
May 29, 2026
Datang International Power Generation Co., Ltd. announced that its board convened the thirteenth meeting of the twelfth session on 29 May 2026 in Beijing, with all 15 eligible directors attending and confirming the meeting’s legality and com...
Datang International Clears Q1 Report and RMB11.1 Billion Coal Power Project
Apr 28, 2026
Datang International’s board met in Beijing on 28 April 2026, with all 15 directors present, and unanimously approved the company’s first-quarter 2026 report after prior review by its audit committee. The meeting was deemed legally com...
Datang Power to Lead RMB10 Billion JV for Inner Mongolia–Jiangsu Transmission Project
Apr 28, 2026
Datang International Power Generation Co. has agreed to form a new joint venture, Datang (Ordos) Energy Development Co., Ltd., with Jiangsu Guoxin Group and Ordos New Energy to develop and construct the Inner Mongolia to Jiangsu Power Transmission...
Datang International Boosts Profitability in Q1 2026 on Flat Revenue
Apr 28, 2026
Datang International Power Generation Co., Ltd. reported a stable first quarter of 2026 with operating revenue of RMB 30.27 billion, nearly flat year on year, while significantly improving profitability. Net profit attributable to equity holders r...
Datang International Lifts Q1 2026 Power Output as Market-Based Sales Deepen
Apr 22, 2026
Datang International Power Generation Co., Ltd. reported that its total on-grid power generation for the first quarter of 2026 reached approximately 62.41 billion kWh, up 3.46% year on year, supported by increases across all major generation types...
Datang International to Review Unaudited Q1 2026 Results at April Board Meeting
Apr 16, 2026
Datang International Power Generation Co., Ltd. has announced that its board of directors will convene a meeting on 28 April 2026 in Beijing to review and approve the unaudited first quarter results for the three months ended 31 March 2026. The sc...
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.