The main business of Anhui Power has been marginalized

Source: Internet
Author: User
As a result of coal prices and its own development strategy adjustment, thermal power company Anhui Energy (000543) began to accelerate the evacuation of the thermal industry.  However, market participants believe that the power of Anhui is at the crossroads of development, the company's work to earn extra cash for the development direction is still to be seen. Anhui Electric Power recently issued a notice said that July 2010, Anhui Hefei Power Generation Co., Ltd. and Anhui can tongling Power Generation Co., Ltd. will be 4 units 125,000 kilowatts of coal-fired power generation units sold to Hubei Persephone Machinery Co., Ltd., the final total transaction price of 94.5 million yuan. As at October 29, the company has received the above two transaction price in full.  The disposal of the above assets is expected to increase the company's 2010 earnings of about 47.9166 million yuan.  In fact, this is not the first time that Anhui electric power to sell coal-fired power generation units, in January 2010, Anhui Electric Power will be the MA On Shan Power Plant 2 units 125,000 kw shutdown of coal-fired power generation units to 38.5 million yuan for sale, to obtain 25.5 million yuan income. The decision to sell the generators was reached as early as 2007.  According to the company 2007 first shareholder meeting resolution, will be directly under the MA On Shan Power plant, holding Anhui tongling Power generation Company, Anhui Hefei Power generation Company A total of 5 units 125,000 kw unit shutdown. "Perhaps because of the recent rise in coal prices, the low yield of thermal power companies are facing losses, forcing the company to start in three years after the implementation of the resolution."  "Qilu Securities analysts explained that the current electricity price mechanism is more unreasonable, the coal price is market-oriented, but the electricity price is not market-oriented, resulting in thermal power enterprise profitability is to a large extent to see the coal price of" face. In recent years, Anhui Power has been more cited by the market as a result of the company's participation in the construction of nuclear power plant concept. Anhui Electric Power has issued a previous announcement that it will cooperate with China's nuclear industry group to develop Jiyang nuclear power project.  But an industry analyst told reporters that despite national policy, the nuclear plant itself is huge and slow, so its earnings outlook is not like other peripheral companies with a nuclear concept. Although the main business prospects are not clear, but the power of Anhui Energy in other investment projects have sprung up. According to its semi-annual report, the first half of the electricity in Anhui province profit of 164 million yuan, its biggest source of income is the share of securities received dividends. At present, the company holds 98.3033 million shares of national Yuan Securities and Huaan securities 200 million shares. In addition, Anhui Electric Power has also announced that it intends to 1.5 yuan per share of the price of Anhui Maanshan Rural Commercial Bank Co., Ltd. to increase the capital of 45 million yuan, subscribed to its 30 million shares.

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.