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  • The price of coal was down year-on-year. Guangdong Power A's net profit for the first three quarters was 1.2 billion to 1.4 billion.

The price of coal was down year-on-year. Guangdong Power A's net profit for the first three quarters was 1.2 billion to 1.4 billion.

The announcement issued by Yuedian Power on October 15th shows that the net profit of the company in the first three quarters of 2019 is expected to reach 1.4 billion yuan, an increase of 49.12% over the same period of the previous year.

The announcement shows that during the performance forecast period, from January 1, 2019 to September 30, 2019, the net profit attributable to shareholders of listed companies was 1.2 billion to 1.4 billion yuan, an increase of 27.82%-49.12% over the same period of last year; Earnings per share were 0.229-0.267 yuan.

According to Yuedian Power, the net profit of the company's power generation and returning to the mother increased year-on-year due to the year-on-year decrease in the price of coal, the narrowing of the market electricity price, the dividends implemented in the tax reduction and reduction policy, and the effective comprehensive control of various cost expenses.

In addition, according to company statistics, in the first three quarters of 2019, the company completed a total of 55.595 billion kWh of combined statement power generation, a decrease of 3.53% year-on-year; of which coal power was 46.166 billion kWh, down 9.93% year-on-year, and gas power was 8.59 billion kW. At the same time, the year-on-year increase of 51.90%, wind power completed 524 million kWh, an increase of 36.46%, hydropower completed 316 million kWh, a year-on-year decrease of 6.23%. Accumulated completion of the combined report online power of 52.545 billion kwh, a year-on-year decrease of 3.48%.

In the first three quarters of 2019, the #6 machine of Huizhou Natural Gas Power Generation Project, which was controlled by the company, was put into commercial operation, increasing the controllable installed capacity of 460,000 kilowatts. As of September 2019, the company has a controllable installed capacity of 21.42 million kilowatts, of which: coal-fired power generation controllable installed capacity of 17.14 million kilowatts, accounting for 80.03%; gas and electricity controllable installed capacity of 3.72 million kilowatts, accounting for 17.37%; wind power Hydropower and other renewable energy power generation controllable installed capacity of 560,000 kilowatts, accounting for 2.60%. In addition, the company is entrusted to manage the installed capacity of 10.553 million kilowatts, the above controllable installed capacity, and the total installed capacity of the trustee management is 31.773 million kilowatts.

Guangdong Power A is mainly engaged in the investment, construction and operation management of power projects, and the production and sales of electricity. Since its establishment, the company has focused on the main power industry and has diversified power supply structure. In addition to the development, construction and operation of large-scale coal-fired power plants, the company also has clean energy projects such as LNG power generation, wind power generation and hydropower generation. Grid companies provide users with reliable, clean energy.

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