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SDIC Huajing Power 2009 net profit down 19% on higher costs, weak demand
(Xinhua)
Updated: 2010-04-21 14:25
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BEIJING - SDIC Huajing Power Holdings Co Ltd, a major Chinese electricity producer, said Wednesday its 2009 net profit declined 19.3 percent year-on-year on increased business costs and weak demand.
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The firm said costs increased at a faster rate than revenues and that electricity demand had softened in 2009, explaining the profit decrease.
The company's A-share stock price had gained 1.7 percent to hit 8.98 yuan per share at midday Wednesday.
