Manufacturing News

Power companies generate big 2013 profits

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.

Most Viewed in 24 Hours

Special

Start a Digital Twin Journey from Engineering Simulation

Accenture releases survey of digital transformation

CIMC Reduces Unplanned Downtime by 30% with Greater Operational Insight from ThingWorx

Ansys Simulation Speeding up Autonomous Vehicles

回到顶部
  • Tel : 0086-27-87592219
  • Email : service@e-works.net.cn
  • Add: 3B1 International Business Center, No. 18 Jinronggang Road (No.4), East Lake High-tech Development Zone, Wuhan, Hubei, PRC. 430223
  • ICP Business License: 鄂B2-20030029-9
  • Copyright © e-works All Rights Reserved