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Will China's power grid profits rebound?

[WANG HUABIN/FOR CHINA DAILY] Profits at China's two major power grid operators have witnessed a sharp rebound during the first quarter, thanks to the domestic economic recovery, and the trend is expected to continue throughout this year, said analysts.

What's going on with China's power grids?

This is against the backdrop of the two major power grids experiencing sharp net profit declines a year earlier, with State Grid seeing a net loss of 926 million yuan while Southern Power Grid's net profit falling 81.3 percent year-on-year to 827 million yuan.

How much power does China Southern power grid need?

BEIJING, July 11 (Reuters) - China Southern Power Grid saw power demand soar to a record 226 gigawatts (GW) on Monday, according to a post on the grid company's official Weibo account on Tuesday.

How will NIO Power help China's energy grid?

Nio Power told Chinese media it will “do everything in its power to help the grid operate more safely and stably.” In just five days, 15 exchange stations in Hefei are said to have fed a total of 8 MWh of energy into the grid, equivalent to the energy needs of around 3,000 households.

Who is Sina Weibo?

Weibo Corporation is a Chinese social network company known for the microblogging website Sina Weibo. It is based in Beijing, China. Weibo was established by Sina Corporation as T.CN, but it changed its name to Weibo in 2012.

Could state Grid achieve a 10 percent rebound in net profit?

Joseph Jacobelli, an energy analyst and senior adviser for Asia at Cenfura Ltd, a smart energy services company, said State Grid could easily achieve a 10 percent rebound in net profit to 65 billion yuan for this year.