Thermal power firms turn the corner in Q1

China's listed thermal power companies, which last year faced a double whammy of falling power demand and rising coal prices, are finding themselves on a better wicket this year.

Many of the thermal power firms that had seen their profits plunge last year are now showing definite signs of recovery.

Ningbo Thermal Power Co, a relatively small-sized thermal power firm, said its first quarter net profits this year are expected to surge by 150 percent to 210 percent from a year earlier.