601985:SSEChina National Nuclear Power Co. Ltd. Class A Analysis

China National Nuclear Power is trading above its 20‑, 50‑ and 200‑day moving averages, yet the technical outlook is mixed: the RSI sits near 76, indicating overbought conditions, while the MACD remains bullish and volume is rising. Bearish trend direction and a looming resistance around 9.30 suggest a short‑term pullback could be on the horizon, especially as the price hovers just above recent support at 8.46.
Fundamentally, the company carries an extremely high debt‑to‑equity ratio and negative free cash flow, which weigh on its valuation despite a respectable dividend yield of 1.95% and solid operating margins. The DCF fair value of roughly 2.7 CNY starkly contrasts with the current price near 9.2 CNY, flagging a significant overvaluation risk. Nonetheless, the strategic importance of nuclear and renewable assets, backed by government support, provides a long‑run catalyst that could offset short‑term headwinds.