Stock Track | Datang Power Soars 7.31% Intraday on Computing-Power Project Launch and Strong Q1 Earnings

Stock Track05-11

Datang Power's stock surged 7.31% during intraday trading on Monday, extending its recent positive momentum in the market.

The significant price increase appears driven by two major catalysts. Firstly, the company recently commissioned China's first large-scale computing-power synergy green electricity direct supply project, the Datang Zhongwei Cloud Base 500MW photovoltaic station. This project represents a breakthrough in connecting renewable energy to digital computing power under the national East-Data-West-Computing initiative and comes as computing-power synergy was highlighted in the Government Work Report for the first time this year.

Secondly, the company reported strong first-quarter financial results with net profit attributable to shareholders rising 29.26% year-over-year to RMB 2.893 billion. Additionally, the company's clean energy installed capacity increased to 42.99% of total capacity, and full-year cash dividends surged 138% year-over-year, significantly enhancing shareholder returns.

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