Adjustment Of National Energy Policy Nuclear Power Business Will Be Electric Losses

Executive Director, President Wen Shu Gang said that as the country Energy Policy adjustment

, cleaning and strengthening Environmental protection Energy development, thermal power of the company this year will be reduced orders, new orders will affect the company this year, but is expected to increase in future orders for nuclear power, thermal power may compensate for the effects of lower orders. Dongfang Electric and said business this year, certainly the company's nuclear power losses.

It is, as of the end of 2009, Dongfang Electric orders up to 1,300 billion yuan (RMB, same below), of which 52% of thermal power, nuclear power accounted for 29%, 8% water, wind power accounted for 7%, Other 4%; while at 08 the end of its orders for the 1,200 billion. In addition, it was announced that the company's new orders in 2009 reached 56.8 billion yuan, of which thermal power accounted for 46.3%, 25.5% nuclear power, hydropower accounted for 5.1%, wind power accounted for 14.6%, other 8.5%.

Wen Shu Gang attended the press conference also provided details yesterday, this year the company plans to completion Power Equipment Totaled 3,010 million kilowatts, compared with 2,903 million kilowatts last year a slight increase of 3.7%.

Dongfang Electric nuclear power business last year recorded a segment loss of 3,334 million in performance, the company's chief accountant and secretary of the board Gong Dan explained that because of the company's nuclear power business in the early stages, so a loss, but a greater amount of the loss the previous year, its nuclear facilities last year Sell Income in excess of 20 billion yuan. He expects its nuclear power business can certainly profitable. He added that the year before the company completed the acquisition of Guangzhou Dongfang heavy machine, the agreement guaranteed profit 160 million yuan this year. Guangzhou Dongfang heavy machine key device is mainly engaged in the nuclear island of nuclear power production, and Dongfang Electric current 57.3% stake held by the company.

Competitive wind power business Dongfang Electric president and general manager assistant and peak nuclear power industry said that under the state plan, to be completed by 2020, 8,000 MW nuclear power plant. He expects an average annual state will launch six to eight nuclear Motor Group Tender , Optimistic about business prospects for the development company.

As Dongfang Electric's wind power this year, business development, temperature axis is just cautious. He said to expect wind power business, such as happened in the past the "crazy" growth is unrealistic and wind power will be the next stable development of the Mainland. He added that the mainland has scores of family tradition because of the current electrical manufacturers, competition, its gross margin this year is facing decline. Gong Dan also said that due to the face of rising raw material prices, the company's overall gross profit margin this year is less clear, but the future of its proportion of high-margin products will increase. Click to see more exciting information

by: gaga

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