Join in 中文官网
MENU
China Chamber of Commerce

Overseas Economic and Trade Zones

Menu
China Chamber of Commerce
China Chamber of Commerce
| Join in| 中文

Confirm
Cancel
x

Ok
x
Sign into your account
Member ID or Email
Password
Forgot password?
Join Free
SUPPLIERS
Recommended by CCCME
Categories
Electronics Information Products Household Electrical Appliances Lighting Equipment Electric Power Construction Machinery Mining Machinery Agriculture Machinery Machine-Tools and Tools Machinery and Industrial Parts Instruments and Apparatuses Tools Automobiles Auto Parts and Aftermarket Service Motorcycles and Parts Bicycles and Parts Rolling Stocks Ships and Peripheral Equipment HVAC&R Security Products Aerospace Equipment Renewable Energy Resources Foreign Engineering Contracting Medical Goods Others
Post Buying Request

CCCME News

Home >News >CCCME News > Content

Power companies generate big 2013 profits

Publish Time:2014-01-16 00:00:00 Source:Xinhua

BEIJING -- Three electricity companies have forecast dramatic net profit growth in 2013, China Securities Journal reported on Thursday.

 

Zhangze Electric Power Co Ltd estimated 420 million yuan to 480 million yuan ($78.7 million) in net profit, potentially more than a six fold increase.

 

Changyuan Electric Power Co Ltd predicted net profits of 275 million yuan to 315 million yuan, up 225 percent to 272 percent year on year.

 

Guangdong Electric Power Development Co Ltd forecast between 2.89 billion yuan and 3.4 billion yuan in net profit, up as much as 100 percent.

 

All three companies attributed their profit growth to falling fuel costs, mainly coal.

 

Analysts said the growth would persist in 2014 as the economy stabilizes.

RECENT NEWS