On July 9th, GeLongHui reported that Huitian Thermal Power (000692.SZ) announced its performance forecast for the first half of 2024, and the net profit attributable to shareholders of the listed company during the reporting period was a loss of RMB 350 million to RMB 270 million, compared to a loss of RMB 421.0308 million in the same period last year. After deducting non-recurring gains and losses, the net profit was a loss of RMB 355 million to RMB 275 million, compared to a loss of RMB 423.7093 million in the same period last year; the basic EPS was a loss of RMB 0.6569/share to RMB 0.5067/share.
The company fully utilized the long-term coal price policy, taking advantage of the coal procurement channels of electrical utilities enterprises to purchase market-priced coal as planned coal or long-term agreement coal, effectively reducing coal procurement costs. The heating cost (mainly coal cost) in the reporting period decreased compared with the same period last year.