CEC five power generation groups loss of 58.2% coal

 Economic Observer Online journalists in the press today Huapeng
learned from the CEC, as of the end of October 2010, five power group, which is 447 coal power plants, 260 losses, the loss of up to 58.2%; Not only that, 2010 1 11 months, the national coal company assets and liabilities was 74.3%, an increase over the previous year by 2.4 percentage points.

newspaper CEC provides the data show that from 1 November 2010, the amount of power industry enterprises suffered losses fell significantly, but the amount of coal enterprises suffered losses increased to 329 billion yuan, year increase of 10.5 billion; power industry continues to decline year on year loss, but the coal business loss was 43.2% over the same period last year increased by 7.7 percentage points.

Bureau of Statistics Qiu Xiaohua, former director of CNOOC researchers turned low-key comeback in the suspension of negotiations on iron ore Steel Association billions of dollars in poor counties in Ningxia, the oil crisis of the alarm and then build a new town ming test of economic recovery in case of expansion of the Nu River Hydropower Development experts fear the medical field trouble brewing third-party mechanism should be introduced high-definition: the first 83 in Libya to return home security room will push prices for the simple reason
where coal profits mainly in the east, but in Shandong, Tianjin Coal Power companies are close to 50% loss, six provinces in central and western provinces coal enterprises in Yunnan, Shaanxi, Sichuan, Chongqing, Gansu, coal companies are more than 50% loss, Sichuan and Yunnan first loss last year, the Northeast loss of coal enterprises to continue all three provinces.

, coal is only 28.0 billion total corporate profits, down 38.7%; coal-fired power industry accounted for 19.7% profit ratio over the previous year fell 35.4 percent. rate was 2.9% lower than the 2.6 percentage points a year earlier. The six central provinces and three northeastern provinces of coal enterprise sales margins were all negative.

Meanwhile, the coal company's debt ratio to remain high. 1 November 2010, the national coal company assets and liabilities was 74.3% over the same period last year increased by 2.4 percentage points. Among them, Qinghai, Shandong, Hainan coal business rates over 90% of the assets and liabilities, Hunan, Guangxi, Guizhou, Shaanxi, Hubei, Henan, Shanxi, Yunnan, Sichuan, surpassed 80%.


point for coal, the reasons for business losses, CEC believes that not only from the loss of electricity price, structure and layout of other factors, also from the institutional mechanisms and mode of development and other reasons.

more than 100 yuan / ton, so that five power generation groups to increase coal business loss, loss is more than a hundred billion.

Moreover, the CEC that the loss is also due to rising coal prices at the same time, focusing on coal contract fulfillment rate continues to decline, electricity supply is not effectively guaranteed. transportation of coal production to be convergence work, Under the program, the total convergence of coal provinces in 2011 is projected at 932 million tons, of which 769 million tons coal shipments. However, as of December 31, 2010, the National Games to be convergence of the total coal production reached 1.547 billion tons, exceeding the scheduled program of 610 million tons, the railway has exceeded 60% of total capacity, therefore, focus on coal contract year 2011, the situation can not be honored optimistic.