DATANG INTERNATIONAL POWER GENERATION CO., LTD.

(991)
  Report
Delayed Hong Kong Stock Exchange  -  05/27 04:08:54 am EDT
1.300 HKD   -2.99%
04/28Datang International Power Generation Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
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04/25DATANG INTERNATIONAL POWER GENERATION : Overseas regulatory announcement announcement on power generation for the first quarter of 2022
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04/25Datang International Power Generation Co., Ltd. Reports Preliminary Group Power Generation Results for the First Quarter Ended March 31, 2022
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Datang International Power Generation Co., Ltd. cancelled the acquisition of remaining 48.06% stake in Hebei Datang International Renewable Power Company Limited from Everbright Prestige Capital Asset Management Co., Ltd.

08/30/2020 EDT

Datang International Power Generation Co., Ltd. (SEHK:991) entered into an agreement to acquire remaining 48.06% stake in Hebei Datang International Renewable Power Company Limited from Everbright Prestige Capital Asset Management Co., Ltd. for approximately CNY 990 million on August 30, 2019. The consideration is payable in lump sum and via bank transfer by Datang International Power Generation Co., Ltd. to the designated bank account of Everbright Prestige Capital Asset Management Co., Ltd. on August 30, 2019. In related transactions, Datang International Power Generation Co., Ltd. entered into agreements to acquire remaining 46.15% stake in Liaoning Datang International Renewable Power Company Limited, remaining 49% stake in Inner Mongolia Datang International Renewable Power Company Limited, remaining 46.36% stake in Fujian Datang International Renewable Power Company Limited and remaining 39.09% stake in Yunnan Datang International Electric Power Company Limited from Everbright Prestige Capital Asset Management Co., Ltd. for CNY 990 million, CNY 700 million, CNY 560 million and CNY 2.1 billion respectively on August 30, 2019. On completion, Hebei Datang International Renewable Power Company Limited will become a wholly owned subsidiary of Datang International Power Generation Co., Ltd. For the year ended December 31, 2018, Hebei Datang International Renewable Power Company Limited reported profit after taxation of CNY 159 million and revenues of CNY 554 million. As of December 31, 2018, Hebei Datang International Renewable Power Company Limited reported net asset value of CNY 2.2 billion and total assets of CNY 4.7 billion. The third meeting of the tenth session of the Board of Datang International Power Generation Co., Ltd. considered and approved the acquisitions. The date of completion is the same as the date on which the full amount of consideration under that agreement has been paid in full. Datang International Power Generation Co., Ltd. (SEHK:991) cancelled the acquisition of remaining 48.06% stake in Hebei Datang International Renewable Power Company Limited from Everbright Prestige Capital Asset Management Co., Ltd. on August 30, 2020.


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Financials
Sales 2022 109 B 16 217 M 16 217 M
Net income 2022 - - -
Net Debt 2022 117 B 17 499 M 17 499 M
P/E ratio 2022 6,63x
Yield 2022 13,9%
Capitalization 37 150 M 5 545 M 5 545 M
EV / Sales 2022 1,42x
EV / Sales 2023 1,47x
Nbr of Employees -
Free-Float 26,7%
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Mean consensus BUY
Number of Analysts 1
Last Close Price 1,11 CNY
Average target price 1,45 CNY
Spread / Average Target 31,0%
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Managers and Directors
Yong Pan Liang Chairman & General Manager
Tong Liang Wang Member-Supervisory Board & Director-Legal Risk
Ji Zhen Liu Independent Non-Executive Director
Dong Xiao Niu Independent Non-Executive Director
Wen Long Zong Independent Non-Executive Director