Fujian Mindong Electric Power (Mindong Electric) (000993) reported its net profit surged 72.32 percent to 22.93 million yuan in the first half of 2011, with earnings per share of 0.06 yuan, reports stcn.com, citing a company filing. Revenue fell 26.1 percent to 188 million yuan. All percentage changes in this article are year-on-year.

According to its semi-annual report, Mindong Electric’s hydropower generation volume and hydropower sales volume were 3.99 tera-watt Hours (twh) and 3.89 twh during the reporting period, falling 46.77 percent and 47.18 percent. The decline was attributed to low rainfall.

Mindong Electric generated wind power volume of 14.49 million kilowatt-hours (kwh), with wind power sales volume of 13.94 million kwh. Its wind power business is still in its initial phase.