[May 30, 2013] Top stories of the day: China power and coal -May 31 Tweet BEIJING, May 30, 2013 (Xinhua via COMTEX) -- Top stories of China's power and coal industries on May 31 as follows: 1. Qinhuangdao port, a major coal transit and trading center in N orth China, is to raise port service charge by 2 yuan/tonne starting f rom June 1. This is the first charge hike since the Qinhuangdao port raised i ts port charge by 3 yuan/tonne on October 1, 2011. The Qinhuangdao port has decided to raise domestic trade port ser vice charge for both slack coal and lump coal by 2 yuan/tonne to 23.5 yuan/tonne and 27 yuan/tonne, respectively, according to www.315.com.c n, a commodity-related information provider. Coal stocks at Qinhuangdao port kept piling up and reached 6.081 million tonnes as of May 30. The port coal market is expected to remai n sluggish for a while and the raising of service charge could further squeeze port traders' profitability, said Pu Xiaohua, a coal analyst with www.315.com.cn. 2. China Ming Yang Wind Power Group Limited (MY.NYSE), a leading wind turbine manufacturer in China, reported comprehensive income attr ibutable to shareholders of 23.3 million yuan (3.8 million US dollars) for the first quarter of 2013, compared to total comprehensive loss a ttributable to shareholders of 114.1 million yuan in the first quarter of 2012. Basic and diluted earnings per share was 0.19 yuan (0.03 US dolla r), compared to basic and diluted loss per share of 0.93 yuan in the f irst quarter of 2012, according to the company's unaudited financial r esults. The company generated some 805.4 million yuan (129.7 million US dollars) of revenue in the first quarter, up 98.1 percent year on y ear. Total wind turbine generators (WTGs) for which revenue was recogn ized amounted to an equivalent wind power project output of 238MW, or 112 units of 1.5MW WTGs and 35 units of 2.0MW WTGs in the first quarte r, representing an increase of 98.3 percent compared to 120 MW, or 80 units of 1.5MW WTGs in the first quarter of 2012. Gross margin was 11.1 percent for the first quarter, compared to 10 percent during the same period last year. 3. China has shown sincerity about resolving its dispute with the European Union (EU) on photovoltaic (PV) imports from China, the coun try's Ministry of Commerce (MOC) said. As the PV industry weighs on China's foreign trade, the Chinese g overnment and enterprises have made every effort to resolve the solar panel dispute through talks, MOC spokesman Shen Danyang said. Vice Minister of Commerce Zhong Shan, also China's International Trade Representative, held talks with EU trade officials in Brussels e arly this week on trade disputes over Chinese solar panel products and wireless telecom network. Shen said the two sides expressed a desire to cope with recent tr ade frictions through talks. (Edited by Niu Huizhe, [email protected] rg, Li Xiaohui, [email protected]) [ Back To TMCnet.com's Homepage ]