601991:SSEDatang International Power Generation Co., Ltd. Class A Analysis

Datang International Power Generation trades at 7.93 CNY, comfortably above its 20‑day (7.77) and 50‑day (5.59) SMAs, signaling a short‑term bullish bias. The RSI sits at 57.6, indicating modest upward momentum, while the MACD histogram is slightly negative, suggesting a near‑term cautionary note. Support at 5.88 CNY remains intact and the next resistance is near 9.92 CNY, giving the stock a clear price corridor.
Fundamentally, the stock’s PE of 22 aligns with the industry average of 22.6, yet the price‑to‑book of 3.98 and a debt‑to‑equity ratio of 192% highlight significant leverage concerns. Free cash flow is negative, but operating cash flow stays strong at 37 B CNY, and a 1.48% dividend yield (33% payout) provides modest income. The DCF‑derived fair value of 8.52 CNY suggests the share is modestly undervalued. Recent news of a completed Q1 2026 on‑grid generation and a massive 14 GW renewable‑plus‑storage project in Inner Mongolia adds a growth catalyst, positioning the company for a longer‑term renewable transition despite its high debt load.