HK Stock Market Move | DATANG POWER (00991) rose more than 4%. The first quarter saw a year-on-year increase of 0.76% in the amount of electricity sent to the grid.

DATANG POWER (00991) rose over 4%, as of the time of writing, it has risen by 4.52% to HK$1.85, with a turnover of HK$71.3906 million. In terms of news, DATANG POWER recently announced that as of March 31, 2025, the company and its subsidiaries have cumulatively completed a grid-connected electricity generation of about 603.232 billion kilowatt hours, an increase of approximately 0.76% year-on-year. The main reasons for the change in the company's grid-connected electricity generation are: the good water supply in the areas where some of the company's hydropower units are located, and the significant year-on-year increase in installed capacity of new energy sources, which has led to a significant increase in hydropower and new energy grid-connected electricity generation, effectively offsetting the decrease in grid-connected electricity generation of thermal power. Institutions pointed out that the year-on-year growth rate of total electricity consumption in April is expected to continue the upward trend from March, with a growth rate range between 4.5% and 5.5%. From the perspective of the industry fundamentals, on one hand, the downward trend of coal prices is evident, which significantly reduces the cost pressure for thermal power companies that rely on coal as their main fuel. At the same time, the optimization of the capacity-based electricity pricing mechanism further stabilizes the revenue expectations of thermal power companies, enhancing the certainty of profit restoration for thermal power companies. On the other hand, the hydropower and green energy sectors are also showing structural investment opportunities.