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.
Special Coverage:2009 Annual Reports of Listed CompaniesThe 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.
