Hengyuan Coal and Electricity closes thermal units amid losses
Anhui Hengyuan Coal Industry and Electricity Power will shut down low-calorific value thermal power units at three subsidiaries due to non-compliance with energy and environmental standards and continuous losses.
Two subsidiaries, Hengli Power and Xinyuan Thermal Power, will be dissolved. Chuanyuan Power will be retained for new energy projects.
The company reported a 38.94% decrease in operating revenue and 117.04% decrease in net profit for the first half of 2025.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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