On January 11th, a number of listed companies in the electric power industry released performance reports and completion of power generation. In 2011, the performance of Jiulong Electric Power and Huadian Energy, which are mainly coal-fired power plants, was still difficult to shake off the collective loss of the industry.
Jiulong Electric stated that the non-public issuance raised investment projects were gradually delivered in 2011, and the efficiency of the desulphurization franchise business increased. However, the power generation business maintained its break-even balance only through electricity price guidance and government subsidies.
Huadian Thermal Power Company said that due to the increase in coal prices, it had accumulated a loss of 400 million yuan in the first three quarters of 2011; despite the disposal of some assets, the sale of long-term equity investments in the fourth quarter, and the increase in electricity prices and financial subsidies, the operating conditions have improved. However, the full-year profit still declined.
In addition, SDIC’s announcement announced the completion of power generation in 2011. Its wholly-owned and holding companies generated a total of 65.725 billion kwh of electricity, an increase of 6.8% year-on-year; on-grid electricity was 63.097 billion kwh, an increase of 6.75% year-on-year.
Jiulong Electric stated that the non-public issuance raised investment projects were gradually delivered in 2011, and the efficiency of the desulphurization franchise business increased. However, the power generation business maintained its break-even balance only through electricity price guidance and government subsidies.
Huadian Thermal Power Company said that due to the increase in coal prices, it had accumulated a loss of 400 million yuan in the first three quarters of 2011; despite the disposal of some assets, the sale of long-term equity investments in the fourth quarter, and the increase in electricity prices and financial subsidies, the operating conditions have improved. However, the full-year profit still declined.
In addition, SDIC’s announcement announced the completion of power generation in 2011. Its wholly-owned and holding companies generated a total of 65.725 billion kwh of electricity, an increase of 6.8% year-on-year; on-grid electricity was 63.097 billion kwh, an increase of 6.75% year-on-year.
Shenzhen Isource lighting Co., Ltd , https://www.isourceled.com