TABLE-China's Yangtze Power H1 net falls 35 pct

 Aug 30 (Reuters) - Six months ended June 30, 2008.

 (in millions of yuan unless stated, against 2007 figures):

                                  2008              2007

 Turnover                       3,349.42    vs    3,402.40

 Net profit                     1,478.68    vs    2,260.95

 Earnings per share (yuan)        0.1571    vs       0.2695

 Net assets per share (yuan)      3.976     vs       4.383*

 * Net asset per share figure for 2007 as of Dec. 31.

 Company: Yangtze Power Co Ltd (600900.SS: Quote, Profile, Research, Stock Buzz) oversees the
world's largest hydropower project, the Three Gorges Dam, which
is located in China's southwest.

 Note: The company published unaudited results, compiled
under domestic accounting standards, in the official Shanghai
Securities News on Saturday.

 The company said its profit fell in the first half year
because of declining investment income and higher financing
costs, which resulted from a rise in debt for the purchase of
generating plants and rising interest rates.

 It also noted a 24.34 percent rise in operating costs
following the purchase of two generating units, with an
increase in depreciation charges.
 (Reporting by Edmund Klamann in Shanghai; Editing by Tomasz
Janowski)