Chinese Power Producers' Profits Dim Amid Coal-Price Surge

(Beijing) — Profits at China's five largest power generators have all declined in the first nine months ending Sept. 30 due to a surge in coal prices after the government squeezed production.

The big five producers saw their combined profits shrink by a third to 26 billion yuan ($3.8 billion) in the first three quarters, according to Wind Information, a Chinese financial data provider.