Recently, Huayin Electric Power announced its 20 19 annual performance forecast, and it is estimated that the net profit returned to the mother in 20 19 will be 20 million to 30 million yuan, which is expected to decrease by 66% to 49% compared with the same period of last year. The estimated net profit after non-deduction is-97 million yuan to-87 million yuan, which is expected to increase by 62% to 66% compared with the same period of last year.

It is worth mentioning that when the third quarterly report was disclosed, the net profit of Huayin Power in the first three quarters was -0.9 1 100 million yuan, a year-on-year change of-5,524.24%; The net profit returned to the mother after deducting non-profit was 98 million yuan, compared with11million yuan in the same period last year. Combined with the annual performance forecast, Huayin Power's net profit in the fourth quarter did not usher in a big reversal of performance, but the real contribution to profit was non-recurring gains and losses, which means that Huayin Power's operation has not substantially improved.

The main improvement benefited from the decline in the price of thermal coal, and its performance fluctuated greatly in recent years.

Huayin Power is a holding subsidiary of Datang Group. Its main business is power production, mainly engaged in thermal power generation, but also engaged in hydropower, wind power and electricity sales. It is the largest thermal power enterprise in Hunan Province.