Cost of fuel drags down 255 million yuan in the first half of Deep South power

In the first half of this year, when the province's electricity generation and electricity consumption continued to rise, as the Shenzhen Special Economic Zone peaking electric power enterprises in the first half of the 000037,sz a total of 1.197 billion kilowatts of electricity output, down from the same period last year 21.4%, the company's operating profit has fallen again.　　The losses are due to "increased fuel costs and inadequate government subsidies". The cost of fuel rose into a loss due to the night of August 16, the Shenzhen South Electric a released 2010 reported that the first half of the company to achieve total operating income of about 702 million yuan, down 20.01%　　Operating profit loss of about 442 million yuan, attributable to the listed company shareholders of the net profit loss of about 255 million yuan, the same period last year to achieve net profit of 60.9617 million yuan.　　Facing huge losses, Shen Nan Electric Company said that the main reason is the rising cost of fuel, the subordinate subsidiary of Shannan Long Power plant overhaul (technical transformation) and Jiangxi Xinchang Company's investment losses (loss of 32.2319 million yuan) and other reasons. In fact, the Deep South power in the main business losses and government subsidies in the embarrassing situation of profit has been "struggling" for many years.　　From 2005 to 2009, Deep South Power has been losing for five consecutive years, with a loss of 108 million yuan, 395 million yuan, 410 million yuan, 1.7 billion yuan and 340 million yuan respectively. Some analysts said that, unlike coal-electric enterprises, Deep South electric power use of gas-fired electricity, oil and gas prices are greatly affected.　　Once the price of fuel and natural gas floated, the profit margin of the deep South electricity will gradually shrink, the loss is unavoidable.　　In recent years, it can be seen that the deep South electricity in the interpretation of the company's huge losses, almost without exception to mention the increase in fuel costs, which has become the company to explain the reasons for the loss of "habitual reasons." Government subsidy or performance "soft rib" as Shenzhen "circular Economy Project Demonstration unit", since 2007, the Deep South Electric power has started the gas turbine "oil to change" and including sludge drying project, hot and cold electricity triple for the project, the circular Economy project, under the policy guidance, the development of clean energy to become the goal of the Deep South.　　This corresponds to the high annual local government subsidy.　　Nevertheless, the Deep South power in the main business profit is passable, successive losses, and thus obtained a A-share market "Shong" the title of large.　　"Daily economic news" reporter looked at the company's annual report of nearly five years found that the Shenzhen-South electricity in 2005 received a subsidy income of 118 million Yuan, 2006, 2007, respectively, the fuel subsidy income of 450 million yuan, 403 million yuan, 2008 more to receive up to 1.678 billion yuan subsidy. In the first half of this year, the Deep South electricity can receive 139 million yuan of fuel processing subsidies, in the July 14 performance forecast, the Deep South power in the first half of the loss of the reason is partly attributed to the "government subsidy is not in place."　　Industry analysts said that even if the government subsidies in place, and 225 million yuan of huge losses, I am afraid it is difficult to balance the profit and loss. What worries investors most is that, as the deep South is overly reliant on government subsidies, once the government is "weaned", the annual hugeLosses may be irreparable, and the company's performance will plummet.