皇冠体育app

皇冠体育app's top five State-owned power generators' total profits hit 74 billion yuan ($12.21 billion) last year, a record high since 2002, thanks to falling coal prices.

皇冠体育app Huaneng Group, one of the five giants, realized profits of 20.84 billion yuan, ranking the top followed by 皇冠体育app Guodian Group Corp, 皇冠体育app Huadian Corp, 皇冠体育app Power Investment Corp and 皇冠体育app Datang Corp, Securities Daily reported on Friday.

Cao Peixi, general manager of 皇冠体育app Huaneng Group, said the structural adjustment is the key of accelerating development, and the company will continue to improve its quality and efficiency this year.

"The company will actively develop low-carbon energy and improve its existed coal-fired power plants to achieve higher efficiency," he said.

According to the company's statement, clean-energy power accounted for 27.5 percent of its total installed capacity.

Last year, Huaneng generated 639.7 billion kilowatt-hours, up 7 percent year-on-year.

Domestic coal prices have been declining since the second half of 2012.

In the beginning of January, coal prices dropped to below 600 yuan ($100) a metric ton because of weak demand and excessive supply in 皇冠体育app.

Most Chinese coal companies suffered losses last year, according to 皇冠体育app National Coal Association. Up to 33 companies, or 36.7 percent of all Chinese coal companies, were in the red from January to November last year. They lost 40.55 billion yuan during the period.

Jiang Zhimin, spokesperson for the association, said the situation won't improve much this year.

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