HK Stock Market Move | DATANG POWER (00991) rose nearly 5%. Institutions believe that the company's significant impairment of assets may alleviate pressure on fourth-quarter operating performance.

DATANG POWER (00991) rose nearly 5%, rising by 4.94% as of the time of publication, to 2.55 Hong Kong dollars, with a turnover of 704.52 million Hong Kong dollars. In terms of news, recently, DATANG POWER announced its performance for the first three quarters of 2025. Huayuan Securities pointed out that in the first three quarters, DATANG POWER achieved a revenue of 89.3 billion yuan, a year-on-year decrease of 1.82%; net profit attributable to shareholders was 6.712 billion yuan, a year-on-year increase of 51.48%. In the third quarter alone, revenue was 32.2 billion yuan, a year-on-year decrease of 1.62%; net profit attributable to shareholders was 2.133 billion yuan, a year-on-year increase of 61.18%. The bank believes that the company's performance in the third quarter exceeded market expectations. Huayuan Securities further pointed out that there is limited information in the company's third quarter report. Looking at the profit statement, the company's total profit in the third quarter increased by 1.429 billion yuan year-on-year, a growth of 52.3%; the increase in profit was mainly contributed by a decrease in operating costs of 2.931 billion yuan, while impairment losses of 1.206 billion yuan offset the performance released by the cost reduction. Referring to industry trends, it is estimated that the main reason for the decrease in operating costs of the company is the decline in coal prices. It is worth noting that the company conducted a large number of asset reviews in the third quarter, with accumulated impairment losses of 1.206 billion yuan. The bank believes that the significant asset impairment (review) in the third quarter may reduce the pressure on operating performance in the fourth quarter.