SDIC Huajing Power Holdings (600886) posted a 2.84 percent year-on-year rise in first half 2011 net profit attributable to shareholders to 122 million yuan, with earnings per share of 0.06 yuan, reports Securities Times, citing a company filing.

Revenue increased 26.75 percent to 9.61 billion yuan.

The company reported a 14.99 percent year-on-year increase in first half power generation volume to 29.78 tWh, while on-grid power generation volume increased 15.39 percent year-on-year to 28.5 tWh.

Revenue from power products increased 21 percent to 8.37 billion yuan, while the operating cost of this business rose 20 percent to 6.79 billion yuan.

Revenue from coal sales was up 78 percent year-on-year to 1.14 billion yuan.

Through the end of June, the company had installed capacity of 17.26 GW. It controlled 12.69 GW of power generation capacity, and had interests in 8.48 GW of power generation capacity.

According to Huajing Power, the higher power prices were not able to offset the increased cost of coal and higher interest rates. The company will strengthen the management of its coal resources and optimize the development of new energy sources in the second half.