Incident: The company announced its 2008 report: achieved operating income of 310.8353 million yuan, operating costs of 565.0893 million yuan, sales expenses of 542,000 yuan, management expenses of 164.76 million yuan, financial expenses of 289.749 million yuan, investment income of 156.943 million yuan, operating profit of 411.1967 million yuan, and net profit loss of 405.4267 million yuan. Brief review: In 2008, the utilization hours of the company's high electricity and coal prices declined, generating 1.32 billion kilowatt-hours and feed-in electricity generating capacity of 1,174 billion kilowatt-hours. In 2007, it completed 1,508 billion kilowatt-hours of power generation and 1,370 billion kilowatt-hours of feed-in electricity. The company's power generation capacity decreased, leading to a year-on-year decrease in main business revenue. The high price of electricity and coal caused fuel costs to increase, and the company lost a lot of money. Huazhong Power Grid Power Wealth expects the first quarter or even the second quarter of 2009 to be the most difficult period for electricity growth, and negative growth is likely to continue in the first half of the year. It is expected that from the end of the second quarter, there may be some recovery in some regions (such as North China and East China) compared to the same period of the previous year. Electricity demand in various regions, especially in North China, East China, and the South China coastal regions, may gradually drive or influence a certain increase in electricity consumption in the central and western regions after entering the fourth quarter. The whole year showed a clear “low front to high” trend. The electricity consumption of the whole society is expected to grow at around 5% in 2009. The annual utilization time of power generation equipment is about 4,500 hours, of which thermal power is about 4,700 hours. The average utilization hours of the company's generator sets are expected to drop further in 2009. It is expected that the major asset restructuring company will have two coal-fired generator sets with an installed capacity of 220 MW of the Jiaozuo Power Plant Phase III project, 50% of the shares of Zhengzhou Xinli Electric Power Co., Ltd. (5 x 200 MW installed capacity), and 6% of Kaifeng Xinli Power Generation Co., Ltd. (135 MW installed capacity). Currently, the company's power generation equity capacity has reached 948.1 MW. It also owns 10% of Henan Construction Investment Hongfu Electric Fuel Co., Ltd. It can be seen from this that the company's fleet is aging and its market competitiveness is weak.