Analysis Report on the Strong Performance of Shanda Power (301609)

This analysis is based on the market event [0] where Shanda Power (301609) entered the strong stock pool on January 21, 2026. The stock performed strongly on the day, attracting market attention. From the time background perspective, the overall sentiment of the recent A-share market is positive, and the ChiNext Index has oscillated upward, providing a favorable market environment for theme stocks and strong stocks. Shanda Power emerged prominently in this context and entered the strong stock pool, reflecting a significant increase in the phased attention of short-term funds to it.

Shanda Power traded 11.11 million shares today, which is

[0] its average daily trading volume of approximately 2.08 million shares. Such extreme volume expansion is relatively rare in the ChiNext market, usually indicating concentrated entry of short-term funds or phased operations by main funds. From the perspective of volume-price relationship analysis, the stock showed a typical breakout pattern of “both volume and price rising” today, with healthy volume coordination, which is a technical characteristic of a valid breakout.

Technical analysis shows that the stock gave a clear buy signal on January 19, with the price successfully breaking through the key resistance level [0]. From the moving average system, MA5 > MA10 > MA20 forms a standard bullish alignment, and momentum indicators show that a strong pattern has been established. The MACD indicator remains in a bullish golden cross state, and the KDJ indicator’s K-value of 75.6 and D-value of 75.0 are operating in the bullish zone [0]. Although the 14-day RSI has entered the overbought zone, this also confirms the strength of short-term bullish forces.

The electrical equipment sector is a dual policy-benefiting industry from new infrastructure and power grid transformation. Recently, domestic power grid investment has continued to grow, and ultra-high voltage construction has been accelerated, providing a favorable industry environment for electrical equipment enterprises [0]. As an enterprise in the power equipment sub-sector, Shanda Power has benefited from the improvement of industry prosperity, coupled with expectations of valuation restructuring, making it the focus of capital.

Time Dimension	Price Change	Evaluation
Intraday	+10.25%	Strong Surge
5-Day	+16.26%	Accelerating Upward
1-Month	+25.51%	Trend Reversal Upward
Year-to-Date (YTD)	+24.89%	Strong Performance
6-Month	-21.18%	Mid-term Still in Adjustment [0]

From the price structure analysis, today’s high of $57.35 forms a short-term resistance level, the immediate support level is at $46.04, and the next theoretical target level is $59.29 [0]. In the medium term, the 52-week high of $88.44 is a strong resistance zone, while the 52-week low of $40.90 is an important medium-term support level.

The current biggest risk lies in whether the volume can be sustained. If the trading volume can maintain above 5 million shares tomorrow and the price stays above $52.69, the short-term strong pattern is expected to continue; conversely, if volume shrinks or the price pulls back, attention should be paid to the risk of short-term adjustment [0].

The fundamentals of Shanda Power show the following characteristics:

indicates good shareholder return capability, suggests high profit quality, and and reflect strong short-term solvency and ample liquidity [0]. From the perspective of debt risk assessment, this stock is a low-risk target with controllable liability levels.

However, the current

, which is significantly higher than the industry average, reflecting that the market has given it a high growth premium. In the power equipment sector, this valuation level is in the relatively expensive range, with the risk of valuation regression [0].

It is worth noting that financial analysis shows that the company’s accounting policies are aggressive, with a low depreciation/capital expenditure ratio, which may leave some room for adjustment in future profit release [0]. The latest free cash flow is 125 million yuan, and the cash generation capability is acceptable, but investors need to treat the profit quality with caution.

: The 14-day RSI has entered the overbought zone, and there is a technical need for short-term pullback and consolidation [0]. Meanwhile, after a single-day increase of over 10%, the pressure of profit-taking cannot be ignored. If the volume cannot maintain the same level tomorrow, a short-term adjustment may occur.

: A 65x PE carries a high risk of pullback when industry prosperity fluctuates; if the market style switches or performance falls short of expectations, high-valuation targets are prone to suffer a “double kill” of valuation and performance. In addition, the stock has still fallen 21.18% in 6 months, and the medium-term downward trend has not been completely reversed [0].

: A beta coefficient of 1.24 means that this stock has higher volatility and greater elasticity relative to the broader market [0]. The daily volatility standard deviation of 2.40% makes it a high-volatility stock, and its decline may be amplified when the broader market adjusts.

Aggressive accounting treatment may affect profit quality, and continuous attention should be paid to the verification of subsequent financial data. The power equipment industry is highly competitive, and there is downward pressure on gross profit margin, so changes in the industry competition pattern need to be tracked [0].

Evaluation Dimension	Rating	Explanation
Volume Sustainability	4 Stars	Today’s huge volume needs confirmation tomorrow; if volume expansion is maintained, the probability of the market continuing is high
Technical Pattern	4 Stars	Clear breakout pattern, bullish alignment formed
Fundamental Support	3 Stars	High valuation is a concern, but growth is acceptable
Sector Coordination	3 Stars	Electrical equipment industry prosperity is neutral to positive

: The current market is a , which is expected to last for 1-3 trading days; in the medium term, it is necessary to observe whether it can effectively break through and stand above the $57.35 resistance level [0].

: $57.35 (Today’s High) → $59.29 (Theoretical Target Level)
: $46.04 (Short-Term Support) → $44.25 (Monday’s Opening Price Reference)
: Trading volume remains above 5 million shares tomorrow; price stays above $52.69; no long upper shadow pullback occurs during the trading session [0].

Shanda Power entered the strong stock pool today, and the core driving factors can be summarized into three points: First, extreme volume breakout (volume expanded by 5.3 times), reflecting concentrated entry of short-term funds; Second, a valid technical breakout has been formed, with a clear bullish alignment and a triggered buy signal; Third, healthy volume-price coordination, belonging to a valid breakout pattern.

: The current valuation is high (65x PE), RSI is overbought, and the medium-term trend is still weak, so attention should be paid to the risk of short-term pullback. It is recommended to focus on the volume support situation tomorrow; if the volume expansion pattern can be maintained, the market is expected to continue; if volume-price divergence occurs, the strategy should be adjusted in a timely manner. From the perspective of risk control, stop-loss should be considered if the price falls below $46.04, and position reduction can be considered when approaching the $57.35-$59.29 resistance zone [0].

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The data in this report is sourced from the Jinling Analysis Database, including modules such as company profile, real-time quotes, price data, technical analysis, and financial analysis [0]. All quantitative indicators are extracted and analyzed based on real-time system data.