SDIC Power Holdings Co Ltd. expected that its net profit to skyrocket more than 56 times to about RMB 1.1 billion in the first half of 2013. The strong profit growth was due mainly to higher earnings from its hydropower segment and lower fuel cost.

The company's total electricity output grew 16.91% year on year to 37.6 terawatt hours (TWh) in the first six months of 2013, and its on grid electricity sales reached 36.23 TWhs, up 17.81% year on year.