Business
-
Power Plants
The Group saw a decline in performance from its power plants segment with revenue decreasing from RMB660.0 million in FY2009 to RMB548.6 million in FY2010. The decrease was mainly attributable to the disposal of Xinbao in FY2010. Operating profit from this segment registered a decline of 19.1%, or approximately RMB25.5 million, from RMB133.6 million in FY2009 to RMB108.1 million in FY2010.
Investment Holding and Others
For the period under review, the Group has completed the disposal of Xinbao and realized a gain of RMB118.5 million from the disposal. In FY2010, the Group has entered into a conditional sale and purchase agreement to dispose the entire stake of Asia Hydro Power Investment Pte. Ltd. to Regent Clean Energy Pte. Ltd. for a consideration of RMB48.6 million.
