China Electric
Power Industry Research Report 2006
Published:Jan 21st 2007
Table of contents
1. Basic situation of China's electric power
industry 5
1.1 Status and development of China's electric power
industry in China's energy production 5
1.2 Economic cycle of electric power industry 8
1.3 Installed capacity 9
1.4 Historical electric power generation 11
1.5 Mechanism for supervision and management of the electric
power industry 12
1.5.1 Organization for supervision and management system in
China 12
1.5.2 Main supervision codes 14
2. Basic situation of China's electric power market in 2006
15
2.1 Electric power generation and region distribution 15
2.1.1 Total electric power generation 15
2.1.2 Thermal power generation by provinces 23
2.1.3 Hydroelectric power generation by province 28
2.2 Electricity consumption 35
2.2.1 Total electricity consumption and electricity
consumption by industries in China 35
2.2.2 Highest electricity load of China's power system 37
2. 3 Analysis of electricity shortage in China 39
2.3.1 Gap of supply and demand of electricity in China 39
3.3.2 Causes of electricity shortage 39
2.3.3 Effect of present situation of power system investment
on tense electricity supply 41
2.4 Forecast of trend of electricity supply in 2006 42
2.5 Analysis of electricity price in 2006 43
2.6 Effect of electricity shortage on high energy-consuming
industries 47
3. Forecast of China's electric power market in 2006 48
3.1 Thermal coal supply system in China 48
3.2 Effect of too rapid increase of industrial production on
tense electricity 50
3.3 Forecast of China's electric power market in 2006 54
4. Analysis of electric power policies in China 56
4.1 State Council calls for restraints on power plant
construction 56
4.2 Environmental protection: power plant adding to the
factor of policy risk again 58
4.3 Mechanism of supervision of electric power market still
does not go smooth 59
4.4 Medium and long-term plan of electric power industry 62
5. Situation and development prospect of China's hydro power
resources 63
5.1 Gross hydro power resources and present situation of its
development 63
5.2 Analysis and development plan of hydro electric
resources in the 13 hydro power bases 65
5.2.1 Jinsha River (the biggest hydro power base) 65
5.2.2 Upriver of Yangtse (the second biggest hydro power
base) 67
5.2.3 Lantsang River 71
5.2.4 Yalong River 73
5.2.5 Dadu River
5.2.6 Nu River
6. Electricity power investment 78
6.1 Analysis of present situation of electric power
investment 78
6.1.1 Huge investment demand 78
6.1.2 Investment trend of power supply 79
6.2 Forecast of investment 79
6.2.1 Nuclear power will speed up its expansion 79
6.2.2 Renewable energy power has been paid attention to 80
6.2.3 Nongovernmental capital and foreign invest still face
policy risks 82
7. Overall indicators of China's electricity production
industry 82
7.1Overall indicators of China's electricity production
industry 83
7.1.1Total number of enterprises of China's electricity
production industry by province from 2001 to 2006 83
7.1.2Total number of loss making enterprises of China's
electricity production industry by province from 2001 to
2006 84
7.1.3Total Loss of loss-making Enterprises 85
7.1.4Number of Employees 86
7.2Sales, costs and profits indicators of China's
electricity production industry 88
7.2.1 Sales Revenue of Industrial Products of China's
electricity production industry 88
7.2.2 Sales Cost of Industrial Products of China's
electricity production industry 91
7.2.3 Expenditure of sales of China's electricity production
industry 93
7.2.4 Tax and Extra Charges on Sales of Products of China's
electricity production industry 94
7.2.5Total profits of China's electricity production
industry 96
7.2.6Total Finance charge of China's electricity production
industry 97
7.2.7Total administrative expenses of China's electricity
production industry 99
7.2.8Total tax of China's electricity production industry
102
7.2.9 Ratio of Profits to Total Industrial Costs of China's
electricity production industry 103
7.3Asset-liability indicators of China's electricity
production industry 105
7.3.1Total Assets of China's electricity production industry
105
7.3.2Total liability of China's electricity production
industry 107
7.3.3 Net Value of Fixed Assets of China's electricity
production industry 109
7.3.4Ratio of debts to assets of China's electricity
production industry 111
7.4 Financial indicators of top 10 makers of China's
electricity production industry 112
8 Overall indicators of China's electric power transmission
and supply industry 113
8.1 Overall indicators of China's electric power
transmission and supply industry 113
8.1.1 Total number of enterprises of China's electric power
transmission and supply industry by province from 2001 to
2006 113
8.1.2 Total number of loss making enterprises 114
8.1.3 Total Loss of loss-making Enterprises 116
8.1.4 Number of Employees 117
8.2 Sales, costs and profits indicators of China's electric
power transmission and supply industry 118
8.2.1 Sales Revenue of Industrial Products of China's
electric power transmission and supply industry 118
8.2.2 Sales Cost of Industrial Products of China's electric
power transmission and supply industry 121
8.2.3 Expenditure of sales of China's electric power
transmission and supply industry 123
8.2.4 Tax and Extra Charges on Sales of Products of China's
electric power transmission and supply industry 125
8.2.5 Total profits of China's electric power transmission
and supply industry 127
8.2.6 Total Finance charge of China's electric power
transmission and supply industry 128
8.2.7 Total administrative expenses of China's electric
power transmission and supply industry 130
8.2.8 Total tax of China's electric power transmission and
supply industry 132
8.2.9 Ratio of Profits to Total Industrial Costs of China's
electric power transmission and supply industry 133
8.3 Asset-liability indicators of China's electric power
transmission and supply industry 134
8.3.1 Total Assets of China's electric power transmission
and supply industry 134
8.3.2 Total Liability of China's electric power transmission
and supply industry 136
8.3.3 Net Value of Fixed Assets of China's electric power
transmission and supply industry 138
8.3.4 Ratio of debts to assets of China's electric power
transmission and supply industry 140
8.4 Financial indicators of top 10 makers of China's
electric power transmission and supply industry 141
9. EXPLANATORY NOTES ON MAIN STATISTICAL INDICATORS 143
Tables 144
Figures 147
Tables
Table 1 Total installed capacity, installed capacity of coal
fired power, installed hydro power capacity in China,
1990-2006(10MW) 10
Table 2 Total electric power generation in China in 2006 by
province 18
Table 3 Total electric power generation in China in 2004 by
province 19
Table 4 Total electric power generation in China in 2003 by
province 20
Table 5 Total electric power generation in China in 2002 by
province 20
Table 6 Total electric power generation in China in 2001 by
province 21
Table 7 Thermal power generation in China in 2006 by
province( 104KWH) 23
Table 8 Hydro-power generation in China in 2006（104KWH） 28
Table 9 Hydro-power generation in China by province in 2004
32
Table 10 Hydro-power generation in China by province in
2003（108KWH） 32
Table 11 Hydro-power generation in China by province in 2002
33
Table 12 Hydro-power generation in China by province in 2001
34
Table 13 Total Electric Power Consumption in China in 2006
37
Table 14 Highest monthly electricity need load of domestic
main power system from January to December of 2004 38
Table 15 Power price in China in 2006( <315KVA, Yuan/100 Kwh)
44
Table 16 China's hydro power resources 63
Table 17 The investment demand of power industry in China 79
Table 18 Classification of industry related to electricity
82
Table 19 Total number of enterprises of China's electricity
production industry by province from 2001 to 2006 83
Table 20 Total number of loss making enterprises of China's
electricity production industry by province from 2001 to
2006 84
Table 21 Total Loss of loss-making enterprises of China's
electricity production industry by province from 2001 to
2006（Unit:1000yuan） 85
Table 22 Number of employees of China's electricity
production industry by province from 2001 to 2006） 86
Table 23 Sales Revenue of Industrial Products of China's
electricity production industry by province from 2001 to
2006(K Yuan) 88
Table 24 Growth rate of total sales revenue of China's
electricity production industry by province from 2001 to
2006（％） 90
Table 25 Sales Cost of Industrial Products of China's
electricity production industry from 2001 to 2006(K Yuan) 91
Table 26 Growth rate of total cost of sales of China's
electricity production industry from 2001 to 2006（％） 92
Table 27 Expenditure of sales of China's electricity
production industry from 2001 to 2006（1000 Yuan） 93
Table 28 Growth rate of expenditure of sales of China's
electricity production industry from 2001 to 2006（％） 94
Table 29 Tax and Extra Charges on Sales of Products of sales
of China's electricity production industry from 2001 to
2006（1000 yuan） 94
Table 30 Growth rate of Tax and Extra Charges on Sales of
Products of sales of China's electricity production industry
from 2001 to 2006 95
Table 31 Total profits of China's electricity production
industry from 2001 to 2006（1000 yuan）） 96
Table 32 Total financial expenditure of China's electricity
production industry from 2001 to 2006（1000 yuan） 97
Table 33 Growth rate of total financial expenditure of
China's electricity production industry from 2001 to 2006（%）
98
Table 34 Total administrative expenses of China's
electricity production industry 99
Table 35 Growth rate of total administrative expenses of
China's electricity production industry from 2001 to 2006(%)
100
Table 36 Total tax of China's electricity production
industry from 2001 to 2006 （Unit: 1000 yuan） 102
Table 37 Growth rate of total tax of China's electricity
production industry from 2001 to 2006(%) 102
Table 38 Ratio of Profits to Total Industrial Costs of
China's electricity production industry from 2001 to 2006(％)
103
Table 39 Total assets of China's electricity production
industry from 2001 to 2006（1000 yuan） 105
Table 40 Growth rate of total assets of China's electricity
production industry from 2001 to 2006（%） 106
Table 41 Total liability of China's electricity production
industry from 2001 to 2006（1000 yuan） 107
Table 42 Growth rate of total liability of China's
electricity production industry from 2001 to 2006） 108
Table 43 Net Value of Fixed Assets of China's electricity
production industry from 2001 to 2006(1000 yuan) 109
Table 44 Growth rate of total fixed assets of China's
electricity production industry from 2001 to 2006(%) 110
Table 45 Ratio of debts to assets of China's electricity
production industry from 2001 to 2006(%) 111
Table 46 Financial indicators of top 10 makers of China's
electricity production industry in Dec., 2006 112
Table 47 Financial indicators of top 10 makers of China's
electricity production industry in Dec., 2004 112
Table 48 Total number of loss making enterprises of China's
electric power transmission and supply industry by province
from 2001 to 2006 114
Table 49 Total Loss of loss-making enterprises of China's
electric power transmission and supply industry by province
from 2001 to 2006（Unit:1000yuan） 116
Table 50 Number of employees of China's electric power
transmission and supply industry by province from 2001 to
2006 117
Table 51 Sales Revenue of Industrial Products of China's
electric power transmission and supply industry by province
from 2001 to 2006(K Yuan) 118
Table 52 Growth rate of total sales revenue of China's
electric power transmission and supply industry by province
from 2001 to 2006（％） 120
Table 53 Sales Cost of Industrial Products of China's
electric power transmission and supply industry from 2001 to
2006(K Yuan) 121
Table 54 Growth rate of total cost of sales of China's
electric power transmission and supply industry from 2001 to
2006（％） 122
Table 55 Expenditure of sales of China's electric power
transmission and supply industry from 2001 to 2006（1000
Yuan） 123
Table 56 Growth rate of expenditure of sales of China's
electric power transmission and supply industry from 2001 to
2006（％） 124
Table 57 Tax and Extra Charges on Sales of Products of sales
of China's electric power transmission and supply industry
from 2001 to 2006（1000 yuan） 125
Table 58 Growth rate of Tax and Extra Charges on Sales of
Products of sales of China's electric power transmission and
supply industry from 2001 to 2006（1000 yuan） 126
Table 59 Total profits of China's electric power
transmission and supply industry from 2001 to 2006（1000 yuan） 127
Table 60 Total finacial expenditure of China's electric
power transmission and supply industry from 2001 to
2006（1000 yuan） 128
Table 61 Growth rate of total finacial expenditure of
China's electric power transmission and supply industry from
2001 to 2006（%） 129
Table 62 Total administrative expenses of China's electric
power transmission and supply industry from 2001 to 2006 130
Table 63 Growth rate of total administrative expenses of
China's electric power transmission and supply industry from
2001 to 2006(%) 131
Table 64 Total tax of China's electric power transmission
and supply industry from 2001 to 2006 （Unit: 1000 yuan） 132
Table 65 Ratio of Profits to Total Industrial Costs of
China's electric power transmission and supply industry from
2001 to 2006(％) 133
Table 66 Total assets of China's electric power transmission
and supply industry from 2001 to 2006（1000 yuan） 134
Table 67 Growth rate of total assets of China's electric
power transmission and supply industry from 2001 to 2006（%）
135
Table 68 Total Liability of China's electric power
transmission and supply industry from 2001 to 2006（1000 yuan） 136
Table 69 Growth rate of total Liability of China's electric
power transmission and supply industry from 2001 to 2006 137
Table 70 Net Value of Fixed Assets of China's electric power
transmission and supply industry from 2001 to 2006(1000 yuan) 138
Table 71 Growth rate of total fixed assets of China's
electric power transmission and supply industry from 2001 to
2006(%) 139
Table 72 Ratio of debts to assets of China's electric power
transmission and supply industry from 2001 to 2006(%) 140
Table 73 Financial indicators of top 10 makers of China's
electric power transmission and supply industry in Dec.,
2006 141
Figures
Figure 1 Proportion of coal for generating electricity to
total coal output 5
Figure 2 Comparison of growth rate of energy and electric
power generation 7
Figure 3 Proportion of hydro-power production to total
energy production 7
Figure 4 Elasticity coefficients of power industry in the
past 10 years in China 8
Figure 5 Growth of electric power production and growth rate
of GDP 9
Figure 1. Installed capacity power in China,1990-2006 10
Figure 2. Installed capacity of coal fired power in
China,1990-2006 11
Figure 3. Ratio of Profits to Costs of China's electric
power transmission and supply industry 41
Figure 6 Power Grid Distribution in China 43
Figure 7 Coal consumption of thermal power industry in
China(Unit:108tons) 48
Figure 8 Order quantity of coal in coal-ordering conference
in 2001-2004 49
Figure 9 Structure of proven reserves of energy in China 63
Figure 10 Recoverable reserves of energy in China 64
Figure 11 Development status of hydro power resources in
China 64
Figure 12 District distribution of hydro power resources in
China 65
Figure 13 General scale of the 13 large hydro-power basess
is 0.27 billion kW, accounting for 67% of that of all the
bases of China 66
Figure 14 Sketch map of Jinsha River hydro power base
station (with scale of nearly 60000MW) 66
Figure 15 Development blue print of the lower-middle-reach
rundle of Jinsha River 67
Figure 16 Sketch map of hydro power base station of upriver
of Yangtse 69
Figure 17 Development blue print of upriver of upriver
rundle of Yangtse (scale being nearly 30000MW) 70
Figure 18 Sketch map of hydro power base station of trunk
stream of Lantsang 71
Figure 19 Development blue print of rundle of Lantsang's
trunk stream (scale being nearly 25000MW) 72
Figure 20 Sketch map of hydro power base station of Yalong
River 73
Figure 21 Vertical section map of rundle electricity station
on Yalong River's trunk stream (scale being nearly 25000MW)
74
Figure 22 Sketch map of hydro power base station of Dadu
River 75
Figure 23 Vertical section map of rundle electricity station
on Dadu River's trunk stream (scale being nearly 22000MW) 76
Figure 24 Sketch map of hydro power base station of Nu River
77
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