Top 10 thermal power companies in China in 2022 and 2023
In the first half of 2022, many listed thermal power companies in China still suffered losses. Among them, the coal power sector of Huaneng International, the leader in thermal power, lost 9.061 billion RMB, resulting in an overall loss of more than 3 billion RMB. Here are 2022 H1 top 10 thermal power companies performance table.
| Companies | Operating income (100 million RMB) | YoY Growth (%) | Net profit (100 million RMB) | YoY Growth (%) |
|---|---|---|---|---|
| HUANENG POWER | 1168. 69 | 22.68 | -30. 08 | -167. 60 |
| HUADIAN POWER | 495. 45 | -8. 99 | 16. 45 | -51 22 |
| GD POWER | 911.58 | 20. 03 | 23. 34 | -22. 10 |
| Datang | 555. 98 | 9.99 | 13.99 | -20. 82 |
| JOINTO | 88. 46 | 18.45 | -0.59 | -141.96 |
| Huayin | 40. 55 | 0. 22 | -2.65 | / |
| Guangdong Electric Power | 226. 11 | 9.80 | -13. 75 | -521.19 |
| NMHD | 109. 71 | 33. 94 | 11.66 | 142.01 |
| SHENERGY | 127. 65 | 10.10 | 8. 13 | -46. 94 |
| Jingneng power | 140. 71 | 40. 26 | 5. 15 | 271.63 |
Top 10 thermal power companies in China
HUANENG POWER
Company profile:
Huaneng International Power Co., Ltd. was established on June 30, 1994. Huaneng International Power Co., Ltd. and its subsidiaries mainly develop, construct, operate and manage large-scale power plants throughout China. It is one of the largest listed power generation companies in China and the first power generation company in China to be listed in New York, Hong Kong and Shanghai.
As of December 31, 2021, it had a controllable power generation installed capacity of 118,695 MW and an attributable power generation installed capacity of 103,875 MW, accounting for 22.39% of the installed capacity of low-carbon and clean energy. The company’s power plants are widely distributed in 26 provinces, autonomous regions and municipalities in China;
The company as one of the top 10 thermal power companies in China wholly owns an operating power company in Singapore and invests in an operating power company in Pakistan. The company’s main business is to develop, construct and operate large-scale power plants across the country using modern technology and equipment.
Total market value: 139.713 billion RMB
Company website: www.hpi.com.cn
HUADIAN
Company profile:
Huadian International Power Co., Ltd. is one of the largest integrated energy companies in China also as one of the top 10 thermal power companies in China. Its main business is the construction and operation of power plants, including large-scale and efficient coal-fired gas-fired generator sets and a number of hydropower projects.
HUADIAN power generation assets are located in 12 provinces, autonomous regions and municipalities directly under the Central Government across the country, with advantageous geographical locations, mainly in power load centers, thermal load centers or areas with rich coal resources. At present, HUADIAN has put into operation a total of 42 controlled power plants, with a controlled installed capacity of approximately 53,413.04 MW.
It mainly includes approximately 42,360 MW of installed capacity of coal-fired power generation, approximately 8,589.05 MW of installed capacity of gas-fired power generation, approximately 2,459 MW of installed capacity of hydroelectric power generation, and approximately 20.69% of the installed capacity of clean energy power generation such as gas-fired power generation and hydropower generation.
Total market value: 63.661 billion RMB
Company website: www.hdpi.com.cn
GD POWER
Company profile:
Guodian Power Development Co., Ltd. is an integrated platform for the core electric power listed company and conventional energy power generation business controlled by the National Energy Group.
The main business is electricity and heat production and sales. The industry involves thermal power, hydropower, wind power, photovoltaic power generation and coal and other fields. It is distributed in 28 provinces, municipalities and autonomous regions across the country.
As of the end of 2021, the company’s total assets are 397.909 billion RMB, the controlled installed capacity is 99.8085 million kilowatts, the controlled coal resource reserves are 2.69035 billion tons, and the company’s total share capital is 17.836 billion shares.
As of the end of 2021, the company’s thermal power installed capacity was 77.3996 million kilowatts, of which the capacity of units of 600,000 kilowatts and above accounted for 66.55%, and the capacity of units of 1,000,000 kilowatts and above accounted for 24.55%;
Total market value: 81.509 billion RMB
Company website: www.600795.com.cn
Datang
Company profile:
Datang International Power Generation Co., Ltd. is a joint venture controlled by China Datang Corporation. GD POWER is one of the top 10 thermal power companies, founded in 1994, the company is the first Chinese company to be listed in London, the first Chinese power company to be listed in Hong Kong, and the first Chinese company to be listed in Hong Kong, London and Shanghai at the same time.
Datang International is one of the largest independent power generation companies in China. After 27 years, its affiliated operating companies and projects under construction have spread across 19 provinces and regions across the country. At the same time, it involves coal, transportation, circular economy, electricity sales and other fields. It has grown from a single thermal power generation company to a comprehensive energy listed company involved in multiple fields and industries.
As of the end of 2021, the company’s total assets were approximately RMB 295.968 billion, and the installed capacity reached 68,770.03 MW.
Total market value: 72.361 billion RMB
Company website: http://www.dtpower.com
JOINTO
Company profile:
Hebei Jiantou Energy Investment Co., Ltd. (referred to as “JOINTO Energy”), established on January 18, 1994, is an important domestic capital operation platform under the JOINTO Group and an important energy investment entity in Hebei Province.
The main business is investment, construction, operation and management of energy projects mainly based on power production. The company’s power business mainly focuses on coal-fired thermal power generation and heating, and also involves investment in nuclear power, offshore wind power, hydropower and other new energy projects.
JOINTO Energy was listed on June 6, 1996. As of the end of 2021, the company’s total assets were 38.528 billion RMB and net assets were 12.138 billion RMB. The controlling shareholder of the company, JOINTO Group, holds 1.176 billion shares of the company, with a shareholding ratio of 65.63%.
JOINTO Energy currently owns 12 wholly-owned or holding power generation companies, 1 power sales company, and 12 shareholding power generation companies invested in cooperation with large domestic power generation groups;
The company in top 10 thermal power companies controls the operating installed capacity of 9.15 million kilowatts, the controlled installed capacity of 700,000 kilowatts, and the equity operating installed capacity of 9.62 million kilowatts. The company owns 4 wholly-owned and holding heating companies, and has 2 shares in heating companies.
Total market value: 8.958 billion RMB
Company website: www.jei.com.cn
Datang Huayin
Company profile:
Huayin Electric Power, formerly known as Hunan Huayin Electric Power Co., Ltd., was approved by the Hunan Provincial Economic Reform Commission on January 16, 1993, and was co-sponsored by six legal entities including Hunan Electric Power Company.
In September 2003, according to the power system reform plan, Hunan Electric Power Company transferred 33.34% of the company’s equity to China Datang Corporation (hereinafter referred to as China Datang), and the company’s controlling shareholder was changed to China Datang. On July 10, 2006, it was renamed Datang Huayin Electric Power Co., Ltd.
In 2015, Huayin Power acquired all the operating assets of Datang Leiyang Power Plant, 100% equity of Datang Xiangtan Power Generation Co., Ltd., 35% equity of Datang Huayin Zhangjiajie Hydropower Co., Ltd.,The shares of Huayin Power held by China Datang increased to 953 million RMB shares, accounting for 53.53% of the total share capital of Huayin.
Total market value: 8.425 billion RMB
Company website: www.hypower.com.cn
Guangdong Electric power
Company profile:
Guangdong Electric Power was established in November 1992. In 1993 and 1995, A shares and B shares were respectively issued and listed on the Shenzhen Stock Exchange. The total share capital of Guangdong Electric Power is 2,659,404,000 shares.
Since its establishment, Guangdong Electric Power has made full use of the 1.88 billion RMB funds raised in the securities market, and successively invested in the construction of Zhanjiang Power Plant and Meixian District B Power Plant in Meizhou City. Acquired 65% equity of Guangdong Shaoguan Yuejiang Power Generation Co., Ltd. and Shajiao A Power Plant (Phase II), and is building the #5 unit (200MW) of Maoming Power Plant.
By the end of June 2001, Guangdong Electric Power had developed from one power plant at the beginning of its establishment to five large-scale thermal power plants, and the installed capacity had increased from 600MW to 2,950MW. A large listed power company in top 10 thermal power companies with total assets and net assets of RMB 12.140 billion and RMB 6.182 billion respectively.
Total market value: : 28.509 billion RMB
Company website: www.ged.com.cn
NMHD
Company profile:
Inner Mongolia Mengdian Huaneng Thermal Power Co., Ltd. is the first listed company in Inner Mongolia Autonomous Region. Listed in March 1994, after more than 20 years of development, the company has developed from Baotou No. 2 Thermal Power Plant to a large-scale comprehensive energy company with 17 power generation entities and a controllable installed capacity of 12.8462 million kilowatts.
The company’s power generation assets are located in seven league cities in the Inner Mongolia Autonomous Region. The projects are mainly located in the power and heat load centers or areas rich in coal resources, and supply power to the West Inner Mongolia Power Grid, the North China Power Grid, and the Eastern Mongolia Power Grid. As of the end of September 2021, the company’s thermal power installed capacity was 11.4 million kilowatts.
Total market value: 27.021 billion RMB
Company website: http://www.nmhdwz.com
SHENERGY
Company profile:
Shenergy Co., Ltd. is one of the top 10 thermal power companies, was restructured and established from the former Shenergy Development Company. In April 1993, the company’s stock was listed, and it was an early listed company in China’s power and energy industry.
The main business of the company is the investment, construction and operation management of electric power, oil and natural gas. The company adheres to the business philosophy of “developing with determination and stable operation”. After more than 20 years of development, the company’s industrial scale has continued to grow, and its profitability has grown steadily.
As of December 31, 2017, the company’s total assets were RMB 54.047 billion and net assets were 25.460 billion RMB. In 2017, it realized a net profit of RMB 1.738 billion and earnings per share of 0.382. As of the end of 2017, the Company had completed attributable power generation of 34.332 billion kWh, and the average coal consumption of the Company’s system for power supply was 292 g/kWh, leading the industry in China.
Total market value: 30.551 billion RMB
Company website: http://www.shenergy.net.cn
Jingneng power
Company profile:
Beijing Jingneng Electric Power Co., Ltd., listed on the Shanghai Stock Exchange in 2002, is the first listed electric power company in the capital under Beijing Jingneng Group in top 10 thermal power companies in China. Its history can be traced back to the century-old Shijingshan Power Plant.
Since the company’s listing, the scale of the company has continued to grow, and its business scope covers thermal power generation, cogeneration, coal-electricity joint operation, electricity sales, new energy power generation, and comprehensive energy services. At present, the company controls and operates 17.14 million kilowatts of installed capacity, a total of 20 operating power plants, 3 thermal power projects under construction, 4 electricity sales companies, 4 integrated energy business companies,
The participating power plants are distributed in 9 provinces, municipalities and autonomous regions including Hebei, Inner Mongolia, Shanxi, Henan, Jiangxi, Hubei and Ningxia. The company’s direct electricity delivery to Beijing accounts for more than 34% of Beijing’s electricity consumption, and shoulders the heavy responsibility of ensuring electricity and heating for the capital Beijing. In 2021, the company’s cumulative power generation is 72.1 billion kWh, and the heating area is 180 million square meters.
Total market value: 22.931 billion RMB
Company website: http://www.jingnengpower.com
