Thermal Power Enterprise Performance recovery Difficult

Huaneng International (600011) today released three quarterly results show that this January-September, the company achieved total operating income of 76.79 billion yuan, an increase of 35.49%, to achieve the ownership of the listed company shareholders of the net profit of 3.15 billion yuan, the year-on-year decline of 48.3%, the basic earnings per share 0.26 yuan.　　The company has previously announced that as of September 30, 2010, the company in China's operating power plants in accordance with the cumulative total output capacity of 190.903 billion kwh, an increase of 32%; NET electricity consumption of 179.635 billion kwh. Fu Long Thermoelectric (000426) also reported three quarterly results show that the company in the first three quarters of this year cumulative loss of 47.5015 million yuan, compared with the same period last year 91.6976 million yuan, reduce 139.1991 million yuan, down 151.8%.　　The company said the performance decline due to a transfer of equity earnings in the same period last year, and this year's investment income of 7.9082 million yuan, compared with the same period last year 185.0004 million yuan reduced by 177.0922 million yuan, reduced by 95.73%. Judging from the three-quarter results of the reported power companies, despite a significant recovery from last year's output, thermal and thermoelectric companies are still hard to look for in the first three quarters of this year due to high fuel costs. This summer, more rain, water and electricity to the situation is better, squeezing the power generation space of the fossil-fired units, but also on the performance of thermal enterprises has caused a certain negative impact.　　The results of the three quarterly performance of the days of CHP and new energy, net profit was down 76% and 53% respectively compared with the same period last year. This year, although the domestic power coal prices in the relevant departments intervened to stop the rally in time, but compared with last year, there is still a certain extent of growth, the thermal power enterprises to restore the profitability of the impact.　　Of the 22 power companies that announced the three-quarter forecast, only 5 have risen, with 4 of them expected to lose from a year-on-year increase in their hydroelectric performance.　　According to the experts, the current domestic power plant profit area distribution is uneven, the central provinces of the provincial thermal power loss is very serious, mainly because of Henan, Shanxi, Anhui and other Hang Hau plant has historically low electricity prices, while the local electric coal price increases. Located in Shanxi's Zhangzhou-Chak Electric Power (000767) is expected this January-September cumulative loss of 380 million yuan to 400 million yuan, down 321.45% to 300.78%. The main reason for the losses, the company said, is that coal prices are expected to remain high and that there is some uncertainty about the continued growth of electricity generation.