Changes in Hong Kong stocks | Datang New Energy (01798) rose nearly 6%, and the new business format has begun to contribute to incremental income. The company has an undervaluation advantage

The Zhitong Finance App learned that Datang New Energy (01798) rose nearly 6%. As of press release, it had risen 5.82% to HK$1, with a turnover of HK$19.68,000.

According to the news, Guoyuan International previously stated that the company's undervaluation is awaiting operational repair. The pressure on performance in the first half of the year was mainly due to weak wind resources and rising electricity restrictions, but the decline in electricity prices has narrowed. In addition, the company already has plans in Ningxia's Zhongwei Computing and Telecommunication Collaborative Project, Independent Energy Storage, and Photothermal Peak Shifting. The four independent energy storage projects achieved profits of 32 million yuan in the first half of the year, indicating that the new business format has begun to contribute incremental revenue. Additionally, Xiaomo raised Datang New Energy's rating to “increase holdings”, and the target price was raised from HK$1.25 to HK$1.4.