HK Stock Market Move | DATANG POWER (00991) A-shares hit four consecutive boards and H-shares rose more than 11% again. The ultra-high voltage external transmission project opens up growth space.

DATANG POWER (00991) A-shares have recently risen together. As of the time of writing, DATANG POWER's A-shares closed at the limit up, while H-shares rose by 10.96% to 3.34 Hong Kong dollars, with a turnover of 7.16 billion Hong Kong dollars. On the news front, DATANG POWER recently announced that it has signed agreements with Jiangsu Guoxin Corp., Ltd., and Inner Mongolia ERDOS Resources New Energy to jointly establish a joint venture to develop the "Mongolian Electricity to Jiangsu" 800 kV Ultra-high Voltage Direct Current project, with a static investment of about 58.1 billion yuan. The project includes 4 million kilowatts of wind power, 8 million kilowatts of photovoltaic power, and 2.64 million kilowatts of coal-fired power, as well as supporting 2.04 million kilowatts / 8.16 million kilowatt-hours of energy storage systems. The founder pointed out that this project will extend the company's power generation map to cross-provincial transmission channels, opening up new space for future electricity and profit growth. In recent years, the company's dividend payout ratio has been steadily increasing, and with the steady progress of quality improvement and major projects in the future, it is expected that the long-term value will be further realized.