久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

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: 国产成人在线免费观看 | 亚欧成人毛片一区二区三区四区 | 自拍偷拍亚洲视频 | 撸天堂 | 91伦理视频 | 最刺激黄a大片免费观看 | 日韩国产免费一区二区三区 | 特级aaaaaaaaa毛片免费视频 | 美女张开腿黄网站免费国产 | 日本免费毛片 | 成人免费网站在线观看 | 亚洲一区二区三 | 亚洲欧美国产一区二区三区 | 韩国精品欧美一区二区三区 | 亚洲在线第一页 | 亚洲欧美视频二区 | dvd8090cnm欧美大片 | 成年人三级网站 | 中国一级特黄视频 | 成人免费大片黄在线观看com | 黄色w站 | 韩国日本三级在线观看 | 欧美精品aaa久久久影院 | 国产亚洲综合在线 | 男女男免费视频网站国产 | 亚洲一区免费看 | 久久视频免费观看 | 国产三级在线看 | 5x性区m免费毛片视频看看 | 国产人做人爱视频精品 | 日本美女福利视频 | 亚洲精品区一区二区三区四 | 亚洲综合视频 | 国产乱理片在线观看夜 | 亚洲国产欧美在线人成aaa | 一区二区三区免费高清视频 | 日韩精品另类天天更新影院 | 九九热国产精品视频 | 亚洲日产综合欧美一区二区 | 成人亚洲在线观看 | 一区二区三区日韩精品 |