China Power Investment Corporation Website, The performance of Shanghai Electric Power in the first half of this year is expected to exceed 50%, with a profit over 300 million yuan

Source: China Power Investment Corporation Website,


Date: 2013.7.10

Shanghai Electric Power has published its performance preannouncement in the night of July 9th. According to the preliminary measurement, Shanghai Electric Power is expected to realize a net profit, belonging to the shareholders of the company, which is increased by 50% on a year-on-year basis, compared to a net profit as 306 million yuan in the same period last year.

 Shanghai Electric Power stated that it has focused on its annual operation target, deepened the management innovation and value creation, concretely implemented effective measures and ensured the stable growth of operation performance in the first half of 2013.

 It expressed that it, in the first 2 quarters of 2013, has strengthened the fuel management, controlled the fuel purchasing prices, with the fuel costs far lower than that of last year; strengthened the communication and coordination with related units, constantly optimize unit operation and maintenance schedule, and actively strived for effective power generation. In the first 2 quarters of 2013, the power generation capacity of Shanghai Electric Power in integrated unit has been increased by 2% on a year-on-year basis.

 Meanwhile, the company has actively explored the service market of power maintenance and operation; in the first half of 2013, its service revenue in maintenance and operation service has been increased by 12% on a year-on-year basis. The company has strictly controlled various costs, lowering its financial cost by about 11% on a year-on-year basis, through undertaking several measures, including issuing low-interest short-term financing bill and corporate bond.

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