Guangdong Electric Power Development (SHE:000539) forecasts first-half attributable net profit of between 28 million yuan and 36 million yuan, compared with a profit of 902.9 million yuan the previous year.
The up to 97% decline is due to lower electricity prices, according to a Tuesday filing with the Shenzhen bourse.
Shares of the power company closed 3% lower Tuesday.
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