Datang Power's stock plummeted 5.33% during intraday trading on Wednesday, continuing a recent correction trend for the H-share.

The sharp decline follows multiple risk warning announcements issued by the company in recent days, which explicitly stated that Datang Power currently has no operational computing-power coordination projects. The company noted that its A-share price had surged 101.44% cumulatively from early to mid-May, severely deviating from both benchmark and industry indices, indicating accumulated significant trading risks and the possibility of decline at any time.

Additionally, the company's latest price-to-book ratio stands at approximately 3.7x, substantially above the power industry average of 1.91x, contributing to valuation concerns. The broader independent power producers sector also showed cautious sentiment, with peers including Huaneng Power and China Resources Power trading lower during the same period.