China's power groups report massive losses
0 Comment(s)
Print
E-mail
China.org.cn, August 1, 2011
Adjust font size: 
|
|
|
Thermal power units of China's five major power corporations' reported record losses of 15.38 billion yuan ($US 2.39 billion) in the first half this year, up 9.52 billion yuan from the previous year. |
| China's power groups report massive losses |
中电联：上半年五大发电集团火电亏损逾150亿 |
| Thermal power units of China's five major power corporations' reported record losses of 15.38 billion yuan ($US 2.39 billion) in the first half this year, up 9.52 billion yuan from the previous year, the China Electricity Council, an industry group, said Friday. | 中国电力企业联合会于上周五晚间发布的上半年全国电力供需分析报告称，华能、大唐、华电、国电、中电投五大发电集团上半年火电生产亏损153.8亿元，同比增亏95.2亿元。 |
| Overall losses at the firms were a bit smaller. China Huaneng Group, China Dadang Co., China Huadian Co., China Guodian Co., and China Power Investment Co., lost 6.65 billion yuan ($US 1.03) in the first six months of 2011, 5.09 billion yuan more than a year before. | 据中电联统计，上半年，华能、大唐、华电、国电、中电投五大发电集团电力业务合计亏损66.5亿元，同比增亏50.9亿元。 |
| China DaDang Corporation reported losses of more than 700 million yuan ($US 109 million) in the first half this year, and has predicted it will continue to bleed money in the third and fourth quarters. The ratio of the company's assets to liabilities has increased from 80 percent to more than 90 percent, an unnamed employee told China Business News. | 中国大唐集团湖南分公司一位人士日前接受《第一财经日报》采访时悲观地表示，今年上半年，该公司亏损超过7亿元；而目前亏损的趋势还在持续，负债率由之前的80%上升至90%多。 |
| China's electricity industry turns profits of less than one third of the mining and natural gas sectors, with a profit margin of only 3.2 percent, the CEC report said. | 中电联报告指出，电力行业实现的利润总额不足煤炭开采洗选业、石油天然气开采行业利润的1/3；行业销售利润率为3.2%。 |
China's business press carried the story above on Monday.
Go to Forum >>0 Comment(s)