In 1H 2008, the company generated electric power totaling 244 mln kWh, a 3.83% YOY increase and saw a 37.83% YOY jump in electricity sales volume to 634 mln kWh, a 67.33% YOY climb in steam sales volume to 33.75 mln cbm and a water sales volume of 8.89 mln cbm, almost equal to the corresponding figures for the same period in 2007. It achieved an interim revenue of RMB 405.32 mln, up 36.45% YOY, operating profit of RMB 54.1 mln, up 34.29% YOY, net profit attributable to shareholders of RMB 43.68 mln, up 39.35% YOY, and EPS of RMB 0.1338.

The company has made great efforts in overcoming the adverse effects from the Wenchuan Earthquake which occurred on 12 May 2008 and a snow storm which hit South China earlier this year. In detail, the company increased its supply of electricity, steam and water, reinforced the construction of auxiliary facilities for steam and water supply networks, improved its service, increased production safety management and ensured a steady profitable growth.

In addition, as of 11 Jul 2008, RMB 500 mln in funds had been raised by the company for a polysilicon project with an annual production capacity of 3,000 tons, which will be implemented by Leshan Electric Power Tianwei Silicon Technology Co., Ltd., a subsidiary of the company. The project has been progressing smoothly and in 1H 2008, a total of RMB 251 mln had been invested in the project, of which a contract worth RBM 844 mln for major equipment purchase had been signed.

Source: Securities Times

Date: 19 Aug 2008

CN01/VL/LZ/BT/KM