Dalian Thermal Power Co Ltd
Dalian Thermal Power Co Ltd generates and distributes thermal energy and electricity, primarily serving industrial and residential customers in the Dalian region.
Business. Dalian Thermal Power Co Ltd (600719.SS) is a utilities company primarily engaged in the water and related utilities industry. The firm is headquartered in China and is listed on the Shanghai Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not available.
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- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
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- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
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Dalian Thermal Power Co Ltd (600719.SS) is a utilities company primarily engaged in the water and related utilities industry. The firm is headquartered in China and is listed on the Shanghai Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not available.
Dalian Thermal Power Co Ltd operates with a high debt-to-equity ratio of 5.44, indicating a capital structure heavily reliant on debt financing. The company's liquidity position is rated as medium, with a current ratio of 0.38, suggesting limited short-term liquidity to cover immediate liabilities. The price-to-book ratio of 12.96 is significantly higher than the typical range for utilities, reflecting a premium valuation relative to its book value.
Profitability metrics show the company is currently unprofitable, with a net loss of 94.7 million CNY and an operating loss of 96.9 million CNY. Return on equity is negative at -30.87%, and return on assets is also negative at -3.69%, both of which are below the industry median for utilities. The company's EBITDA multiple is negative at -58.26, indicating a lack of earnings to support debt obligations and a poor valuation multiple compared to industry peers.
The company's revenue is concentrated in a single geographic region, Dalian, with no disclosed diversification across other regions or markets. This concentration increases exposure to local economic and regulatory risks, with no material international operations to offset potential domestic downturns.
Looking ahead, the company is expected to face continued financial pressure, with no clear path to profitability in the near term. The current FY outlook shows a negative operating income, and the next FY is not expected to show significant improvement. The company's capital expenditure of 87.6 million CNY is a drag on free cash flow, which is negative at 110.5 million CNY.
The company's risk profile is elevated due to its high leverage and negative cash flow. The risk assessment indicates a medium liquidity risk, with a negative net cash position after subtracting total debt. The dilution risk is currently low, with no near-term pressure from share issuance or dilutive events. However, the company's financial performance and capital structure adjustments could change this outlook if earnings do not improve.
Recent filings and transcripts indicate that the company is under pressure to improve its financial performance and reduce debt. The company has not disclosed any major strategic initiatives or capital restructuring plans in the latest filings. The lack of positive developments in recent disclosures suggests that the company may need to implement cost-cutting measures or seek external financing to stabilize its financial position.
- Dalian Thermal Power Co Ltd is currently unprofitable with a negative return on equity and assets.
- The company's capital structure is highly leveraged, with a debt-to-equity ratio of 5.44.
- The company's valuation is premium relative to book value, but earnings are negative, leading to a poor EBITDA multiple.
- Revenue is concentrated in a single geographic region, increasing exposure to local economic and regulatory risks.
- The company's liquidity position is medium, with a current ratio of 0.38, and no clear path to profitability in the near term.
- The company's risk profile is elevated due to high leverage and negative cash flow, with a medium liquidity risk and low dilution risk.
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- Net cash is negative after subtracting total debt.
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Physical assets
4 tracked| Asset | Type | Commodity | Country | Role |
|---|---|---|---|---|
| Dalian Heung Hoi power station | Power | Coal | China | Parent |
| Dalian Heung Hoi power station | Power | Coal | China | Registered owner |
| Dalian Heung Hoi power station | Power | Power | China | Parent |
| Dalian Heung Hoi power station | Power | Power | China | Registered owner |
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- Dalian Thermal Power Co Ltd Market data — financials · 2026-05-27
- Dalian Thermal Power Co Ltd Market data — analyst estimates · 2026-05-27