Datang Power's A-Share Price Surges 120% in One Month, P/B Ratio Exceeds Industry Average

Stock News
06/02

The share price of Datang International Power Generation Co.,Ltd. (HKEX: 00991) rose by 9.68% on June 2, 2026, deviating from the broader market index by 9.25% and from the industry index by 10.41%.

Over the five trading days from May 27 to June 2, 2026, the cumulative increase in the closing price was 28.21%, with deviations of 29.91% from the broader market and 22.35% from the industry index. Investors are advised to be mindful of secondary market trading risks.

During the same five-day period, the stock's turnover rates were 7.74%, 8.66%, 9.02%, 7.66%, and 8.14% respectively, which are higher than the company's historical average and indicate potential trading risks.

As of June 2, 2026, the company's latest price-to-book (P/B) ratio is 4.61 times. The latest industry average P/B ratio for the electric power and heat production and supply sector is 2.04 times. The company's P/B ratio is above the industry average, and investors are cautioned about this risk.

From May 6 to June 2, 2026, the company's share price has accumulated a gain of 120.67%. During this period, the company issued one severe abnormal fluctuation announcement, four abnormal fluctuation announcements, and three trading risk alerts. Investors are again urged to pay attention to secondary market trading risks.

The company's share price has experienced significant short-term volatility, which may be due to overheated market sentiment and irrational speculation. Investors are advised to exercise caution, make prudent decisions, and invest rationally in the secondary market.

According to the company's self-inspection, its current production and operational activities are proceeding normally with no significant changes in daily operations. There have been no major adjustments to the market environment or industry policies, no substantial fluctuations in production costs or sales, and internal production and operational order is normal. The company's directors and senior management are performing their duties normally.

As of the end of the first quarter of 2026, the proportions of the company's installed capacity for coal power, gas turbine, hydropower, wind power, and photovoltaic power were 56.80%, 11.05%, 10.73%, 13.05%, and 8.37%, respectively. Revenue from new energy power generation accounted for approximately 9.23%, a relatively small proportion. Currently, the company's operations are primarily focused on thermal power generation, and it has no operational power-grid coordination projects.

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