Datang International Power Generation Co Ltd (HK:0991)
:0991
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Datang International Power Generation Co
(0991)
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Rating:62Neutral
Price Target:
HK$3.00
â–²(36.99% Upside)
Action:Reiterated
Date:05/15/26
The score is held back primarily by very high leverage and weak/volatile free-cash-flow conversion despite improved profitability. Technicals are supportive but look overextended in the short term. Valuation is a key positive, with a very low P/E and a solid dividend yield.
Positive Factors
Stable core power-generation business
Datang’s core business is long-lived electricity generation assets that sell into regional grids and markets. This business model produces predictable baseload volumes and contractual grid offtakes, supporting steady operational cash flows and resilience to short-term market swings over a multi-month horizon.
Negative Factors
Very high leverage
An extreme debt-to-equity ratio materially increases refinancing, interest-rate and covenant risk. High leverage reduces financial flexibility for investing or absorbing shocks, making the company sensitive to rate moves and limiting its ability to deleverage quickly without sustained cash generation or asset sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable core power-generation business
Datang’s core business is long-lived electricity generation assets that sell into regional grids and markets. This business model produces predictable baseload volumes and contractual grid offtakes, supporting steady operational cash flows and resilience to short-term market swings over a multi-month horizon.
Read all positive factors
Datang International Power Generation Co (0991) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$124.62B
Dividend Yield5.62%
Average Volume (3M)26.71M
Price to Earnings (P/E)3.9
Beta (1Y)0.56
Revenue Growth-2.05%
EPS Growth96.13%
CountryHK
Employees27,969
SectorGeneral
Sector StrengthN/A
IndustryIndependent Power Producers
Share Statistics
EPS (TTM)0.34
Shares Outstanding6,110,621,000
10 Day Avg. Volume28,466,093
30 Day Avg. Volume26,706,594
Financial Highlights & Ratios
PEG Ratio0.17
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
Datang International Power Generation Co., Ltd., together with its subsidiaries, engages in power generation and power plant development activities in the People's Republic of China. The company operates through Power and Heat Generation, Coal, an...
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 | 119.30B | 116.46B | 123.47B | 122.40B | 116.83B | 103.41B |
| Gross Profit | 25.86B | 29.04B | 18.36B | 14.38B | 8.32B | -950.19M |
| EBITDA | 25.09B | 30.79B | 28.54B | 25.05B | 19.97B | 8.80B |
| Net Income | 7.86B | 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 | 897.93M | 9.53B | -4.36B | -573.50M | 214.67M | -5.78B |
| Operating Cash Flow | 22.93B | 37.84B | 26.12B | 21.21B | 20.46B | 8.25B |
| Investing Cash Flow | -21.73B | -26.46B | -28.71B | -17.68B | -19.42B | -13.12B |
| Financing Cash Flow | -3.49B | -9.70B | 1.30B | -4.59B | -2.59B | 8.07B |
Datang International Power Generation Co Technical Analysis
Positive
2.19
Price Trends
2.72
Positive
2.55
Positive
2.40
Positive
Market Momentum
0.10
Positive
47.59
Neutral
12.46
Positive
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 2.19 is below the 20-day moving average (MA) of 2.90, below the 50-day MA of 2.72, and below the 200-day MA of 2.40, indicating a neutral trend. The MACD of 0.10 indicates Positive momentum. The RSI at 47.59 is Neutral, neither overbought nor oversold. The STOCH value of 12.46 is Positive, 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$104.37B | 3.24 | 12.76% | 5.89% | -3.11% | -5.45% | |
68 Neutral | HK$138.42B | 9.20 | 6.94% | 5.15% | -16.10% | 1.91% | |
66 Neutral | HK$125.01B | 5.19 | 13.13% | 4.74% | -6.95% | 61.55% | |
62 Neutral | HK$124.62B | 3.92 | 16.76% | 5.62% | -2.05% | 96.13% | |
61 Neutral | HK$244.18B | 14.39 | 7.69% | 3.50% | -16.49% | -5.62% | |
59 Neutral | HK$11.67B | 3.05 | 15.18% | 4.29% | -13.33% | 11.03% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
HK:0991
Datang International Power Generation Co
2.79
1.00
55.78%
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3.27
0.76
30.49%
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China Resources Power Holdings Co
20.04
1.15
6.08%
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15.64
31.86%
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CGN New Energy Holdings Co., Ltd.
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18.14%
Datang International Power Generation Co Corporate Events
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...
Datang International Power Generation Proposes Final 2025 Dividend of RMB 0.093 Per Share
Mar 27, 2026
Datang International Power Generation Co., Ltd. has announced a proposed final ordinary dividend of RMB 0.093 per share for the financial year ended 31 December 2025, with details such as the ex-dividend date, record date, and default payment curr...
Datang International Shareholders Approve Financial Support for Joint Ventures at 2026 EGM
Mar 27, 2026
Datang International Power Generation Co., Ltd. announced that its 2026 first extraordinary general meeting was duly convened in Beijing in compliance with PRC company law and its articles of association, with approximately 69.98% of issued shares...
Datang International Board Backs 2025 Results and 2026 Financial Plans Unanimously
Mar 27, 2026
Datang International’s board convened its eleventh meeting of the twelfth session on 27 March 2026, confirming the legality and full attendance of directors either in person or by proxy. The meeting, chaired by Chairman Li Xiaofei, underscor...
Datang International Books Significant Asset Impairments and Bad Debt Provisions for 2025
Mar 27, 2026
Datang International Power Generation Co. has approved a resolution to record asset impairments, retire assets and write off preliminary expenses and asset losses at certain affiliated enterprises for 2025, following a comprehensive asset inventor...
Datang International Profit Jumps in 2025 as Power Output and Dividends Rise
Mar 27, 2026
Datang International Power Generation reported 2025 operating revenue of RMB121.26 billion, down 1.8% year on year, but profit before tax surged nearly 50% to RMB12.99 billion and net profit attributable to equity holders jumped 66% to RMB7.54 bil...
Datang International Schedules Board Meeting on 2025 Results and Dividend Plan
Mar 17, 2026
Datang International Power Generation Co., Ltd., a sino-foreign joint stock power producer based in the PRC and listed in Hong Kong, operates through multiple subsidiaries to generate and supply electricity. Its business is positioned within China...
Datang Power Calls 2026 EGM to Approve Loan for Joint Venture Upgrade Project
Mar 9, 2026
Datang International Power Generation Co., Ltd. has convened its first extraordinary general meeting of 2026 for 27 March in Beijing to seek shareholder approval for providing financial assistance to a joint venture. Holders of H-shares must be on...
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.
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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.