www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

Coal prices burn into Shenhua earnings

By Yang Ziman (China Daily) Updated: 2016-08-11 08:04

Coal prices burn into Shenhua earnings

Shenhua Group Corp employees check facilities at a substation in Yinchuan, Ningxia Hui autonomous region. [Photo/Xinhua]

China Shenhua Group Corp Ltd, the biggest coal company in the country by output, posted net profit of 9.8 billion yuan ($1.48 billion) in the first half of 2016 on Tuesday, down 18.6 percent from the same period last year.

Shenhua's revenue in the first six months stood at 78.7 billion yuan, down 12.5 percent from the same period last year. The company said that low coal prices were the major reason for the decrease.

Its average coal price was 271 yuan per metric ton in the first half of the year, down 14 percent from the same period last year.

Another reason was the falling power price, which has affected the company's electricity generation sector.

"In spite of the decreasing profit, Shenhua is one of the few coal companies that has been making profits as coal prices keep falling," said Lin Boqiang, director of the China Center for Energy Economics Research at Xiamen University.

Domestic coal prices have fallen from 870 yuan per ton, the highest level in 2011, to 370 yuan per ton in 2015.

According to the China National Coal Association, the capacity of coal enterprises in China by the end of 2015 was 5.7 billion tons. However, coal consumption in 2015 was only 3.7 billion tons.

"The company uses its own coal to generate power. Lower coal prices have actually contributed to the profits in the power sector," said Lin.

As most coal enterprises reported losses in 2015, Shenhua achieved net profit of 16.1 billion yuan, though it fell by 56.9 percent compared with the end of 2014. Power generation contributed 17.6 billion yuan, or 53 percent, to the net profit.

By the end of 2015, Shenhua's total installed power generation capacity was 54,128 megawatts, up 19.2 percent year-on-year. The average utilization time of its coal-fired units was 4,631 hours in 2015, 302 hours more than the national sector average.

Zhang Yuzhuo, president of Shenhua, said the company's main goal in the 13th Five-Year Plan (2016-20) was clean production of coal, clean coal-fired power generation and clean transformation of coal.

The company has set a goal that by the end of 2017, its coal-fired power generation units, in Beijing, Tianjin, Hebei, the Yangtze Delta region and the Pearl River Delta region, will achieve ultra-low emissions. In other words, its smoke dust, sulfur dioxide and oxynitride emissions will be 50, 30 and 50 percent lower respectively than the national standards.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 成人在线中文字幕 | 日韩一区二区三 | 亚洲国产二区三区 | 亚洲高清国产拍精品影院 | 免费在线亚洲视频 | 中文字幕国产一区 | 精品热线九九精品视频 | 最新中文字幕乱码在线 | 亚洲精品天堂自在久久77 | 久久国产精品视频一区 | 日本一级做人免费视频 | 男人天堂视频网 | 国产在线精品观看 | 窝窝人体色 | 亚洲午夜在线 | 亚洲欧美在线免费 | 精品一区二区三区视频 | 亚洲男人网 | 在线亚洲综合 | 国产高清视频在线 | 欧美成人一级片 | 日韩欧美不卡在线 | 香港av三级 | 日本无玛| 免费一区区三区四区 | 久久精品.com | 手机看片毛片 | 国产一级特黄全黄毛片 | 欧美激情综合亚洲一二区 | 亚洲第一黄色网 | avtt天堂网永久资源手机版 | 国产精品手机在线播放 | 欧美在线视频精品 | 亚洲欧美视频一级 | 成人欧美一区在线视频在线观看 | 亚洲国产欧美在线人成精品一区二区 | 欧美67194| 成人精品视频一区二区三区 | 国产精选莉莉私人影院 | 久久在线视频播放 | 欧美性一级 |