Huadian Liaoning Energy hits 9 consecutive limit-ups during trading; company warns of risks

Hua Dian Liao Neng (600396) hit the daily limit again during trading on the 26th. As of the time of this report, the stock is priced at 9.17 yuan/share, with over 50,000 orders on the limit-up board. Thus, the stock has hit the daily limit for nine consecutive trading days, with a cumulative increase of approximately 136%.

On the evening of the 24th, the company warned that the recent stock price fluctuations have severely deviated from market trends and have significantly detached from the company’s fundamentals. The stock price rose by 95.36% over ten trading days from March 11, 2026, to March 24, 2026, representing a large short-term increase that has significantly diverged from the Shanghai Composite Index and the industry index for power and thermal production and supply during the same period. Since March 20, 2026, the turnover rates for the last three days have been 26.74%, 11.43%, and 16.07% respectively, indicating a high trading risk and the potential for a significant short-term decline, posing substantial risks for investors.

Upon verification, the company’s current production and operating activities are normal. The company primarily engages in thermal power generation, with thermal power accounting for 82.56% of installed capacity. There have been no significant changes in daily operations. The market environment and industry policies have not undergone major adjustments, and there have been no substantial fluctuations in production costs or sales; the internal production and operational order remains normal.