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China Yangtze Power's electricity output down 6.02% in 2011

Jan. 5, 2012 (China Knowledge) - China Yangtze Power Co<600900>, the country's largest listed hydropower corporation and operator of the massive Three Gorges Dam in Southwest China, has posted 945.57-gigawatt hours (GWh) of electricity output for 2011, reflecting a year-on-year decline of 6.02%.

The Three Gorges Gam, located in Yichang, Hubei Province, generated 782.93 GWh of power last year, 7.2% less than that in 2010. The power output of Gezhouba Dam, also located in Yichang, climbed 0.14% from a year earlier to 162.64 GWh.

The Shanghai-listed hydropower supplier's net profit for the first half of 2011 grew 35.54% year on year to RMB 2.69 billion, and its operating revenue stood at RMB 8.34 billion, up 5.57% from a year earlier.

In the third quarter of last year, the company's net profit attributable to shareholders declined 29.74% year on year to RMB 3.64 billion. Earnings per share were RMB 0.22.

As of September 30, 2011, China Yangtze Power had RMB 161.1 billion in total assets, 2.31% more than RMB 157.46 billion it had at the end of 2010.

The company has yet released its fiscal result for 2011.

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