---
title: "HUITIAN THERMAL POWER issued a profit warning, expecting a net loss of 270 million to 370 million yuan for the fiscal year 2024, turning from profit to loss year-on-year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225691642.md"
description: "HUITIAN THERMAL POWER expects a net loss of RMB 270 million to RMB 370 million for the year 2024, turning from profit to loss year-on-year. During the reporting period, the company received nearly RMB 200 million in government subsidies, a decrease of approximately RMB 1.118 billion compared to the previous year. In the same period last year, the company received RMB 671 million in land acquisition compensation, and there were no land reserve operations during this reporting period. The company reduced procurement costs through coal long-term contract pricing policies, with coal costs in 2024 expected to decrease by approximately 20% compared to the same period last year"
datetime: "2025-01-21T12:52:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225691642.md)
  - [en](https://longbridge.com/en/news/225691642.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225691642.md)
generator: "portal-rs"
---

# HUITIAN THERMAL POWER issued a profit warning, expecting a net loss of 270 million to 370 million yuan for the fiscal year 2024, turning from profit to loss year-on-year

According to the Zhitong Finance APP, HUITIAN THERMAL POWER (000692.SZ) released its performance forecast for 2024, expecting a net loss attributable to shareholders of the listed company of between 270 million yuan and 370 million yuan, a year-on-year turnaround from profit to loss.

During the reporting period, the company received nearly 200 million yuan in government subsidies, which are classified as non-recurring gains and losses, increasing net profit by approximately 200 million yuan; the government subsidies received during this reporting period decreased by about 1.118 billion yuan compared to the same period last year. In the same period last year, the company received 671 million yuan in land acquisition compensation, while there were no land reserve operations during this reporting period. The company fully utilized the long-term coal contract pricing policy to effectively reduce coal procurement costs. In 2024, the company's coal costs are expected to decrease by approximately 20% compared to the same period last year

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**