Power stocks are on the heels

Since 2004, the total power generation growth data show that the first May this year, China's electricity industry to achieve a total profit of 19.1 billion yuan, combined with previously published data projections, the power industry May profit of up to 18.2 billion yuan. At the same time, the National Grid June generation of electricity output data, the June output of the year-on-year increase of 7%, compared with the early June-1.7%, 3.8% in the middle of June, the growth of power generation showed a big leap in the rebound trend, June total monthly output to achieve 3.6% positive growth, 　　For the first time since October 2008, the monthly generating capacity is increasing. Yuan Securities analysts said that last year, most of the high prices of coal storage has been fully consumed, the cost of electricity generation has been greatly reduced, coupled with the rebound in electricity production, electric enterprise performance has increased significantly. However, analysts also pointed out that the generation of electricity should be rational view of the first "positive" August, after all, a lower base last year. Guo Xin Securities analyst pointed out that the current coal prices back to the positive for the electricity companies are homogeneous, but the demand is different, so should pay attention to regional demand for the promotion of electricity enterprises. (Xu)