Coal price rise Shanghai electric power and Changyuan electric power suffered huge losses in the first half of the year editor's note: due to the sharp rise in coal prices, the performance of Shanghai Electric Power (600021) and Changyuan electric power (000966) in the first half of the year was "injured"
due to the sharp rise in coal prices, the performance of Shanghai Electric Power (600021) and Changyuan electric power (000966) in the first half of the year was "injured". Facing the huge losses caused by the sharp increase in fuel costs, Shanghai electric power plans to participate in the construction of nuclear power to meet its own power demand, while Changyuan power takes the opportunity to enter the upstream coal companies to reduce power costs
Shanghai Electric Power said today that the company lost 560million yuan from January to June this year due to its product Taichang. Although the company realized an operating revenue of 4.21 billion yuan in the first half of the year, an increase of 6.85% over the same period last year, the net profit of the company decreased by 771million yuan compared with 211 million yuan in the same period last year. The company said that the main reason for the loss in the first half of the year was the sharp rise in fuel prices
the 2008 semi annual report disclosed by Changyuan power today shows that the company suffered serious losses in the first half of the year. Although benefiting from the year-on-year increase in power generation, the company realized an operating revenue of RMB 2.364 billion, an increase of 10.24% over the same period of the previous year, the company suffered serious losses in operating profit and net profit due to the significant year-on-year increase in fuel cost, depreciation and overhaul expenses of some units, and financial expenses. According to the data, the net profit of the Company attributable to the parent company in the first half of the year was -219million yuan, which was 246million yuan less than 26973000 yuan in the same period of the previous year. According to the test, the tensile performance of the composite storage tank based on carbon nanotube fiber was better than that of the traditional epoxy carbon fiber composite
Shanghai Electric Power said that the development of nuclear power is the national energy policy, and the construction of nuclear power is an important measure to meet the power demand, optimize the power structure and realize the company's sustainable development of this series of new standards. On August 6, the board of directors of the company passed a resolution to jointly invest and establish the project company Anhui Wuhu Nuclear Power Co., Ltd. (tentative name) with China Guangdong Nuclear Power Group Co., Ltd., Shenneng Co., Ltd. and Anhui energy group company at the proportion of 14%, 51%, 20% and 15% respectively to carry out the preliminary project development and application of Anhui nuclear power plant phase I project. It is reported that the initial registered capital of the new company is 200million yuan, and Shanghai electric power will contribute 28million yuan at a proportion of 14%
Changyuan power plans to continuously introduce advanced technology to Jiaxian plastic blow molding machine (Henan) Dongsheng Coal Industry Co., Ltd. and invest 128million yuan to ensure the stable supply of power coal. The company said that since the investment is expected to have good profitability and anti risk ability, and can recover the investment in a short time, the investment will also form a new economic growth point
according to the announcement, Dongsheng coal industry is located in wangyinggou mine field, Jia County, Pingdingshan City, Henan Province, with a mining area of 2.225 square kilometers, 11.19 million tons of mine resources and 6.35 million tons of recoverable reserves. The mine is a low gas mine. The coal produced is mainly lean coal and bituminous coal, with an average calorific value of more than 5000 kcal/kg. It mainly produces power coal for power generation