HK Stock Market Move | DATANG POWER (00991) rose more than 5%, institutions suggest focusing on regional thermal power investment opportunities as summer approaches.

DATANG POWER (00991) rose more than 5%, initially rising over 11% in the morning session. As of the time of writing, the stock is up 5.45% at HKD 2.13, with a turnover of HKD 6.1 billion. On the news front, on July 16, the country's largest electricity load exceeded 1.5 billion kilowatts for the first time, reaching 15.06 billion kilowatts, an increase of 550 million kilowatts compared to the largest load last year. Soochow believes that it is advisable to focus on regional thermal power investment opportunities during the peak summer season. Founder pointed out that in the first quarter of 2024 and 2025, the company's coal-fired power business profitability will continue to recover due to the decrease in fuel costs brought about by the decline in coal prices, driving the company's net profit attributable to equity holders to increase by 230.09% and 68.12% year-on-year respectively. The company is the largest independent power generation company in the Beijing-Tianjin-Tangshan power grid, and in recent years, the company's coal-fired installed capacity has steadily increased, with a focus on the Beijing-Tianjin-Hebei, Guangdong, and Inner Mongolia regions. With the continuous decline in coal prices, the company's thermal power profitability has significantly recovered, driving rapid overall performance growth. The company's diversified layout in hydropower, nuclear power, and wind power has opened up a second growth curve for performance. In addition, according to the Tianyancha App, in January of this year, Tibet Southeast Clean Energy Development Co., Ltd. was established, with a business scope that includes power generation, power transmission, power supply, emerging energy technology research and development, CECEP Solar Energy power generation technology services, wind power generation technology services, mechanical and electrical equipment sales, as well as engineering and technical research and experimental development. Shareholder information shows that the company is jointly owned by Tibet Development Investment Group Co., Ltd., Datang Group's Datang Tibet Energy Development Co., Ltd., and China Electric Power Construction's CPCC Water Conservancy and Hydropower Development Group Co., Ltd.