On May 20, Datang Power fell 3.33% in regular trading, trading at HK$2.87/share, with trading volume of HK$117 million. The H-share extended its ongoing correction trend since mid-May.
On the news front, the company has issued multiple risk warning announcements in recent days, explicitly stating that it currently has no operational computing-power coordination projects. The company noted that its A-share price had surged 101.44% cumulatively from May 6 to May 19, severely deviating from both the benchmark index and industry index, with accumulated significant trading risks and the possibility of decline at any time. The company's latest price-to-book ratio stands at approximately 3.7x, substantially above the power industry average of 1.91x.
The H-share has been under sustained pressure since plunging nearly 14% on May 14, when the A-share ended its streak of consecutive limit-up sessions. Sector peers including Huaneng Power and China Resources Power also traded lower, reflecting cautious market sentiment across the independent power producers space.
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