Datang International Power Generation Co Ltd (HK:0991)
:0991
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Datang International Power Generation Co
(0991)
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Rating:61Neutral
Price Target:
HK$2.50
â–²(14.16% Upside)
Action:ReiteratedDate:04/03/26
The score is primarily supported by attractive valuation (low P/E and high dividend yield), but capped by balance-sheet risk from high leverage and only moderate, mixed technical momentum despite improving profitability and cash flow.
Positive Factors
Improved margins
Margins rebounded materially into 2025, reflecting better operating performance and cost control. Sustained mid‑teens+ gross margins and a positive net margin improve the firm's ability to absorb fuel cost swings, support investment and dividends, and increase resilience through multi‑quarter demand cycles.
Negative Factors
Elevated leverage
Even after improvement, a D/E around 2.1x is high for a business exposed to commodity and demand cycles. Persistent leverage limits maneuverability for large capital projects, increases interest burden sensitivity to rate moves, and raises refinancing risk if cash flows weaken over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved margins
Margins rebounded materially into 2025, reflecting better operating performance and cost control. Sustained mid‑teens+ gross margins and a positive net margin improve the firm's ability to absorb fuel cost swings, support investment and dividends, and increase resilience through multi‑quarter demand cycles.
Read all positive factors
Datang International Power Generation Co (0991) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$73.06B
Dividend Yield5.62%
Average Volume (3M)26.71M
Price to Earnings (P/E)5.0
Beta (1Y)0.51
Revenue Growth-2.05%
EPS Growth96.13%
CountryHK
Employees27,969
SectorGeneral
Sector StrengthN/A
IndustryIndependent Power Producers
Share Statistics
EPS (TTM)0.16
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)0.35
Revenue Forecast (FY)HK$121.16B
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
The company makes money mainly by producing electricity at its power plants and selling that electricity to regional/provincial power grid companies under regulated or contract-based tariffs. Revenue is therefore largely a function of (i) total el...
Datang International Power Generation Co Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
44
Neutral
Cash Flow
52
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 116.46B | 123.47B | 122.40B | 116.83B | 103.41B |
| Gross Profit | 29.04B | 18.36B | 14.38B | 8.32B | -950.19M |
| EBITDA | 30.79B | 28.54B | 25.05B | 19.97B | 8.80B |
| Net Income | 7.34B | 4.51B | 1.37B | -871.41M | -11.90B |
Balance Sheet | |||||
| Total Assets | 333.78B | 322.60B | 304.00B | 305.05B | 295.97B |
| Cash, Cash Equivalents and Short-Term Investments | 9.27B | 7.73B | 9.02B | 10.14B | 11.26B |
| Total Debt | 170.23B | 192.22B | 179.76B | 178.33B | 167.99B |
| Total Liabilities | 234.13B | 229.12B | 215.53B | 228.74B | 219.80B |
| Stockholders Equity | 80.42B | 76.56B | 73.59B | 62.62B | 62.14B |
Cash Flow | |||||
| Free Cash Flow | 9.53B | -4.36B | -573.50M | 214.67M | -5.78B |
| Operating Cash Flow | 37.84B | 26.12B | 21.21B | 20.46B | 8.25B |
| Investing Cash Flow | -26.46B | -28.71B | -17.68B | -19.42B | -13.12B |
| Financing Cash Flow | -9.70B | 1.30B | -4.59B | -2.59B | 8.07B |
Datang International Power Generation Co Technical Analysis
Neutral
2.19
Price Trends
2.52
Negative
2.42
Positive
2.30
Positive
Market Momentum
-0.02
Positive
43.80
Neutral
44.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0991, the sentiment is Neutral. The current price of 2.19 is below the 20-day moving average (MA) of 2.58, below the 50-day MA of 2.52, and below the 200-day MA of 2.30, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 43.80 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$11.33B | 3.05 | 13.48% | 4.29% | -13.33% | 11.03% | |
68 Neutral | HK$102.04B | 6.06 | 12.76% | 5.89% | -3.11% | -5.45% | |
68 Neutral | HK$138.95B | 18.85 | 6.94% | 5.15% | -16.10% | 1.91% | |
62 Neutral | HK$247.59B | 13.97 | 7.98% | 3.50% | -12.82% | -9.94% | |
61 Neutral | HK$73.06B | 5.00 | 12.54% | 5.62% | -2.05% | 96.13% | |
56 Neutral | HK$117.78B | 6.58 | 11.62% | 4.74% | -6.95% | 61.55% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
HK:0991
Datang International Power Generation Co
2.51
0.77
44.67%
HK:1816
CGN Power Co
3.48
1.10
46.16%
HK:0836
China Resources Power Holdings Co
19.44
1.46
8.12%
HK:0006
Power Assets Holdings
65.25
16.85
34.83%
HK:0902
Huaneng Power International
6.36
1.82
40.06%
HK:1811
CGN New Energy Holdings Co., Ltd.
2.63
0.45
20.64%
Datang International Power Generation Co Corporate Events
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...
Datang International Board Backs RMB1 Billion Subsidiary Capital Injection and Loan Budget
Feb 10, 2026
Datang International Power Generation Co., Ltd. said its board unanimously approved a capital injection of up to RMB1 billion into certain subsidiaries, signaling continued financial support for its operating units. The board also cleared an entru...
Datang International Lifts 2025 Power Output on Renewables as Tariffs Decline
Jan 30, 2026
Datang International Power Generation Co., Ltd. reported that its total on-grid power generation for 2025 reached approximately 273.1 billion kWh, up 1.41% year on year, driven by strong growth in new energy output and higher hydropower generation...
Datang International Forecasts Up to 82% Profit Surge in 2025 on Coal Cost Relief and Green Shift
Jan 30, 2026
Datang International Power Generation Co., Ltd. expects a sharp improvement in profitability for 2025, projecting net profit attributable to equity holders of approximately RMB6.8 billion to RMB7.8 billion, up about 51% to 73% from 2024, and net p...
Datang International Details RMB1.54 Billion Capital Injection for Key Nuclear Projects
Jan 8, 2026
Datang International Power Generation Co., Ltd. has provided further details on a previously announced RMB1.542 billion capital increase, jointly injected with CDC into Datang Nuclear Company, to fund several major nuclear power projects in China....
Datang International Details RMB1.54 Billion Capital Injection for Key Nuclear Projects
Jan 8, 2026
Datang International Power Generation Co., Ltd. has provided further details on a previously announced RMB1.542 billion capital increase, jointly injected with CDC into Datang Nuclear Company, to fund several major nuclear power projects in China....
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.