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  • October 25, 2014
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  1. Business - China Business - ENERGY

    Beijing warned not to cut wind power tariffs

    Posted Oct 25th 2014, 03:41am by Eric Ng

    ... per cent year on year in the first half of this year. Power prices should not be pared while long-running power grid bottlenecks remained and while billions of yuan in power price subsidies ... suffered from some of the mainland's worst wind power dispatch curtailment- the reduction of output due to grid bottlenecks- posted a net loss of 14.4 million yuan in the first half ...

  2. Business - Commodities - ENERGY

    Oil demand to grow at slowest rate in 5 years

    Posted Oct 15th 2014, 05:19am by Bloomberg

    ... is the fourth in a row and means growth will be about half what it anticipated in June. Crude prices have plunged to a four-year low amid a glut. "The sell-off is putting a spotlight ...

  3. Business - Commodities - ENERGY

    China's top power equipment makers look to clean energy to fuel growth

    Posted Oct 13th 2014, 04:13am by Eric Ng

    ... and gas-fired equipment sector, which accounts for more than half of end-user demand, has been stiff, resulting in lower profits for the mainland's three dominant manufacturers of power-generation ... half of the year. But it said the hydro-power market would "usher in a high-tide period of development", while approval of new nuclear power projects was expected to resume ...

  4. Business - Commodities - ENERGY

    Anton Oilfield chief relocates to Hong Kong amid downturn

    Posted Sep 08th 2014, 04:13am by Eric Ng

    ... and company officials taken away to assist investigations. The mainland accounted for 72.4 per cent of Anton's revenue in the first half, down from 80 per cent in last year's first half ...

  5. Business - Commodities - ENERGY

    Shunfeng’s profitable capacity fully occupied amid recovery

    Posted Sep 05th 2014, 11:34am by Eric Ng

    ... in the year’s second-half from the first-half, since we started booking Suntech’s contribution only on April 18,” said Shunfeng chairman Charles Zhang Yi. Depending on market conditions, Luo said ... that saw industry-wide losses, the solar panel and parts industry returned to the black since last year’s second-half, thanks to government support policies that stimulated panel demand ...

  6. Business - Companies - ENERGY

    GCL shares shine as solar panel demand drives profit turnaround

    Posted Aug 29th 2014, 01:08pm by Eric Ng

    ... half GCL-Poly Energy First-half revenue surged 52.4 per cent year on year to HK$17.22 billion, driven mainly by a 53 per cent rise in its solar material business to HK$11.89 billion. Operating ... polysilicon production cost to US$17.30 per kg, while that of wafer was slashed by 16 per cent to 8.15 US cents per watt. GCL is optimistic on the outlook for the second half of the year. “We ...

  7. Business - Commodities - ENERGY

    ENN Energy on track to meet target

    Posted Aug 26th 2014, 09:28am by Eric Ng

    ... for full-year net profit growth. On Friday, ENN Energy posted a 19.6 per cent year-on-year rise in first-half pre-tax profit to 2.09 billion yuan (HK$2.63 billion), excluding an accounting loss on the change in value of a convertible bond in the first half of last year. The result was achieved despite a 3.3 per cent year-on-year fall in first-half profit in its nascent vehicular gas refuelling ...

  8. Business - China Business - ENERGY

    Datang International’s chemical production losses widen to 1.37b yuan

    Posted Aug 28th 2014, 10:22am by Eric Ng

    ... to HK$4.22 in early trade on Thursday after it posted a 0.5 per cent increase in first-half net profit to 2.03 billion yuan (HK$2.6 billion) on Wednesday night. Higher power generation profit was offset by lower profits from coal mining and chemicals production. The first-half profit amounted to 44.8 per cent of the average full-year estimate of 4.53 billion yuan by analysts polled ...

  9. Business - Commodities - ENERGY

    Power generators rally on price cut

    Posted Aug 27th 2014, 02:31pm by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Mainland power generator shares listed in Hong Kong mostly rose after the central government confirmed a power price cut for generators by less than half the amount the market was expecting. The only exception was China Resources Power (CRP), whose president has been suspended from his duties as he is investigated by Jiangsu’s provincial authorities. ...

  10. Business - Commodities - ENERGY

    Mainland China oil majors expected to unveil mediocre profits

    Posted Aug 11th 2014, 03:56am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com State oil and gas giants' earnings for the first half expected to be hit hard by higher costs, despite robust pricing in the energy sector Mainland oil ... to a moderate decline for the first half of this year, as robust growth was offset by higher costs. Analysts expect better second-half results for PetroChina and China Petroleum & Chemical Corp ...




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