BEIJING, Oct. 20, 2015 /PRNewswire/ -- Huaneng Power
International, Inc. ("HPI", the "Company") (NYSE: HNP; HKEx: 902;
SSE: 600011) today announced its unaudited results for the nine
months ended September 30, 2015.
Under the PRC GAAP, the Company realized consolidated operating
revenue of RMB 97.249 billion for the
first three quarters of 2015, representing a decrease of 7.98% over
the same period last year. Consolidated net profit attributable to
the shareholders of the Company was RMB
13.235 billion, representing an increase of 16.74% over the
same period last year. Without regard to the financial restatement
for assets acquisition from parent company last year required under
the PRC GAAP, the net profit attributable to the shareholders of
the Company increased by 32.41% over the same period last year. The
profit increase was mainly attributable to the year-on-year
decrease of domestic fuel cost and acquisition of generation assets
from parent company in 2014.
Encl: The unaudited summary financial information of the Company
for the nine months ended September 30,
2015. The summary financial information is published under
the listing regulations of the China Securities Regulatory
Commission. The summary financial information was prepared in
accordance with "Accounting Standards for Business Enterprises" of
the People's Republic of China
("PRC GAAP"), which differs from the International Financial
Reporting Standards ("IFRS") and the accounting principles
generally accepted in the United States
of America ("US GAAP"). No reconciliation with IFRS or US
GAAP has been made in the presentation of the summary financial
information.
About Huaneng Power International, Inc.
Huaneng Power International, Inc. is one of China's largest listed power producers with
controlled generation capacity of 81,132 MW and equity-based
generation capacity of 72,375MW. Its power plants are located in 21
provinces, municipalities and autonomous regions in China. It also has a wholly-owned power
company in Singapore.
For Enquires, Please Contact
Huaneng Power International, Inc.
Ms. MENG Jing / Ms. ZHAO Lin
Tel: +86-10-6608-6765 /
6322-6596
Fax: +86-10-6641-2321
E-mail: zqb@hpi.com.cn
Wonderful Sky Financial Group Limited
Wonderful Sky Financial Group Limited
Mr. Kimmi Jiang / Ms. Shiloh Xiang
Tel: +852-2851-1038
Fax: +852-2865-1638
Email: kimmijiang@wsfg.hk / shilohxiang@wsfg.hk
HUANENG POWER
INTERNATIONAL, INC.
UNAUDITED
CONSOLIDATED BALANCE SHEETS
(PRC
GAAP)
AS AT 30
SEPTEMBER, 2015
(Amounts expressed
in thousands)
|
|
As
at
|
|
As
at
|
|
30 September,
2015
|
|
31 December,
2014
|
|
|
|
(Restated)
|
|
RMB
|
|
US$
|
|
RMB
|
ASSETS
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT
ASSETS
|
|
|
|
|
|
Cash
|
9,827,522
|
|
1,544,892
|
|
13,580,878
|
Derivative financial
assets
|
162,803
|
|
25,593
|
|
261,135
|
Notes
receivable
|
1,660,373
|
|
261,012
|
|
881,835
|
Accounts
receivable
|
11,389,400
|
|
1,790,421
|
|
15,590,721
|
Advances to
suppliers
|
586,105
|
|
92,136
|
|
759,747
|
Interest
receivable
|
199
|
|
31
|
|
357
|
Dividends
receivable
|
80,000
|
|
12,576
|
|
205,179
|
Other
receivables
|
1,194,720
|
|
187,811
|
|
1,074,450
|
Inventories
|
5,701,532
|
|
896,284
|
|
7,409,681
|
Current portion of
non-current assets
|
177,273
|
|
27,867
|
|
179,084
|
Other current
assets
|
151,884
|
|
23,876
|
|
36,709
|
Total current
assets
|
30,931,811
|
|
4,862,499
|
|
39,979,776
|
NON-CURRENT
ASSETS
|
|
|
|
|
|
Available-for-sale
financial assets
|
5,331,335
|
|
838,089
|
|
4,383,515
|
Derivative financial
assets
|
71,054
|
|
11,170
|
|
40,598
|
Long-term
receivables
|
503,450
|
|
79,143
|
|
530,840
|
Long-term equity
investments
|
20,049,332
|
|
3,151,766
|
|
17,517,888
|
Fixed
assets
|
190,160,134
|
|
29,893,282
|
|
188,277,382
|
Fixed assets pending
for disposal
|
106,912
|
|
16,807
|
|
87,456
|
Construction in
progress
|
22,488,399
|
|
3,535,189
|
|
21,751,943
|
Construction
materials
|
2,784,282
|
|
437,691
|
|
3,387,861
|
Intangible
assets
|
12,257,663
|
|
1,926,912
|
|
11,601,321
|
Goodwill
|
10,760,446
|
|
1,691,548
|
|
11,148,481
|
Long-term deferred
expenses
|
149,145
|
|
23,446
|
|
166,055
|
Deferred income tax
assets
|
885,788
|
|
139,246
|
|
1,115,232
|
Other non-current
assets
|
816,951
|
|
128,425
|
|
892,509
|
Total non-current
assets
|
266,364,891
|
|
41,872,714
|
|
260,901,081
|
TOTAL
ASSETS
|
297,296,702
|
|
46,735,213
|
|
300,880,857
|
HUANENG POWER
INTERNATIONAL, INC. UNAUDITED CONSOLIDATED BALANCE
SHEETS
(PRC GAAP)
AS AT 30 SEPTEMBER, 2015
(Amounts expressed in thousands)
|
|
|
As
at
30 September,
2015
|
|
As
at
31 December,
2014
|
|
|
|
|
|
|
(Restated)
|
|
|
RMB
|
|
US$
|
|
RMB
|
|
LIABILITIES AND
SHAREHOLDERS' EQUITY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES
|
|
|
|
|
|
|
Short-term
loans
|
49,414,895
|
|
7,768,050
|
|
46,626,004
|
|
Derivative financial
liabilities
|
624,652
|
|
98,196
|
|
832,727
|
|
Notes
payable
|
1,049,573
|
|
164,993
|
|
1,637,554
|
|
Accounts
payable
|
7,530,065
|
|
1,183,731
|
|
11,380,689
|
|
Advances from
customers
|
417,483
|
|
65,629
|
|
367,774
|
|
Salary and welfare
payables
|
357,485
|
|
56,197
|
|
247,517
|
|
Taxes
payable
|
(1,010,383)
|
|
(158,833)
|
|
(617,844)
|
|
Interest
payable
|
885,103
|
|
139,139
|
|
1,162,367
|
|
Dividends
payable
|
1,727,246
|
|
271,524
|
|
457,759
|
|
Other
payables
|
13,188,185
|
|
2,073,190
|
|
14,963,223
|
|
Current portion of
non-current liabilities
|
17,873,142
|
|
2,809,668
|
|
14,994,140
|
|
Provision
|
9,000
|
|
1,415
|
|
28,647
|
|
Short-term bonds
payable
|
24,344,364
|
|
3,826,948
|
|
18,244,806
|
|
Other current
liabilities
|
338,135
|
|
53,154
|
|
342,404
|
|
Total current
liabilities
|
116,748,945
|
|
18,353,001
|
|
110,667,767
|
|
NON-CURRENT
LIABILITIES
|
|
|
|
|
|
|
Long-term
loans
|
67,248,710
|
|
10,571,536
|
|
70,660,512
|
|
Derivative financial
liabilities
|
433,403
|
|
68,131
|
|
649,513
|
|
Bonds
payable
|
16,252,920
|
|
2,554,968
|
|
22,725,535
|
|
Long-term
payables
|
1,535,135
|
|
241,324
|
|
1,435,037
|
|
Long-term salary and
welfare payables
|
98,165
|
|
15,432
|
|
85,903
|
|
Specific accounts
payable
|
44,363
|
|
6,974
|
|
45,024
|
|
Deferred
income
|
2,573,333
|
|
404,529
|
|
2,555,018
|
|
Deferred income tax
liabilities
|
1,707,879
|
|
268,480
|
|
1,595,025
|
|
Total non-current
liabilities
|
89,893,908
|
|
14,131,374
|
|
99,751,567
|
|
TOTAL
LIABILITIES
|
206,642,853
|
|
32,484,375
|
|
210,419,334
|
|
SHAREHOLDERS'
EQUITY
|
|
|
|
|
|
|
Share
capital
|
14,420,383
|
|
2,266,892
|
|
14,420,383
|
|
Capital
surplus
|
14,346,463
|
|
2,255,272
|
|
23,993,711
|
|
Other comprehensive
income/(loss)
|
495,536
|
|
77,899
|
|
(1,020,395)
|
|
Including:Currency
translation differences
|
(1,655,156)
|
|
(260,191)
|
|
(1,194,819)
|
|
Special
reserves
|
47,853
|
|
7,523
|
|
39,606
|
|
Surplus
reserves
|
8,186,275
|
|
1,286,887
|
|
7,242,594
|
|
Retained
earnings
|
37,072,553
|
|
5,827,827
|
|
30,317,015
|
|
Shareholder's
equity attributable to shareholders of the Company
|
74,569,063
|
|
11,722,300
|
|
74,992,914
|
|
Non-controlling
interests
|
16,084,786
|
|
2,528,538
|
|
15,468,609
|
|
Total
shareholders' equity
|
90,653,849
|
|
14,250,838
|
|
90,461,523
|
|
TOTAL LIABILITIES
AND SHAREHOLDER'S EQUITY
|
297,296,702
|
|
46,735,213
|
|
300,880,857
|
|
For the
convenience of the reader, translation of amounts from Renminbi
(Rmb) into United States dollars (US$) has been made at the rate of US$1.00=Rmb6.3613
announced by the People's Bank of China on 30 September,
2015. No representation is
made that Renminbi amounts could have been, or could be, converted
into United States dollars
at that rate as of 30 September, 2015, or at any other certain
rate.
|
HUANENG POWER
INTERNATIONAL, INC
UNAUDITED
CONSOLIDATED INCOME STATEMENTS
(PRC
GAAP)
FOR THE THIRD
QUARTER ENDED 30 SEPTEMBER, 2015
(Amounts expressed
in thousands, except per share data)
|
|
For the third
quarter ended 30 September
|
|
2015
|
|
2014
|
|
|
|
(Restated)
|
|
RMB
|
|
US$
|
|
RMB
|
1. Operating
revenue
|
97,249,319
|
|
15,287,649
|
|
105,683,602
|
Less: Operating
cost
|
67,746,083
|
|
10,649,723
|
|
78,217,252
|
Tax and levies on operations
|
891,648
|
|
140,168
|
|
803,112
|
Selling expenses
|
3,055
|
|
480
|
|
3,221
|
General and administrative expenses
|
2,746,545
|
|
431,759
|
|
2,713,203
|
Financial expenses
|
5,962,978
|
|
937,384
|
|
6,129,888
|
Impairment loss
|
177,171
|
|
27,851
|
|
442,547
|
Add: loss on fair
value changes of financial
assets/liabilities
|
(25,916)
|
|
(4,074)
|
|
(425)
|
Investment income
|
1,313,342
|
|
206,458
|
|
1,238,644
|
Including: Investment income from
associates and joint ventures
|
1,178,917
|
|
185,326
|
|
1,118,189
|
2. Operating
profit
|
21,009,265
|
|
3,302,668
|
|
18,612,598
|
Add: Non-operating income
|
741,731
|
|
116,602
|
|
793,851
|
Including: Gains from disposals of
non-current assets
|
31,123
|
|
4,893
|
|
14,319
|
Less: Non-operating expenses
|
220,262
|
|
34,626
|
|
493,282
|
Including: Loss from disposals of
non-current assets
|
106,827
|
|
16,793
|
|
323,254
|
3. Profit before
income tax
|
21,530,734
|
|
3,384,644
|
|
18,913,167
|
Less: Income tax
expense
|
5,226,958
|
|
821,681
|
|
4,948,442
|
4. Net
profit
|
16,303,776
|
|
2,562,963
|
|
13,964,725
|
Attributable to:
|
|
|
|
|
|
Shareholders of the Company
|
13,234,753
|
|
2,080,511
|
|
11,337,105
|
Non-controlling interests
|
3,069,023
|
|
482,452
|
|
2,627,620
|
5. Earnings per share (based on the net profit
attributable to shareholders
of the Company)
|
|
|
|
|
|
(expressed in RMB
per share)
|
|
|
|
|
|
- Basic earnings per
share
|
0.92
|
|
0.14
|
|
0.81
|
- Diluted earnings
per share
|
0.92
|
|
0.14
|
|
0.81
|
6. Other
comprehensive income
|
1,515,549
|
|
238,245
|
|
327,180
|
7. Total
comprehensive income
|
17,819,325
|
|
2,801,208
|
|
14,291,905
|
Attributable
to:
|
|
|
|
|
|
Shareholders of
the Company
|
14,750,684
|
|
2,318,816
|
|
11,664,213
|
Non-controlling
interests
|
3,068,641
|
|
482,392
|
|
2,627,692
|
For the
convenience of the reader, translation of amounts from Renminbi
(Rmb) into United States dollars (US$)
has been made at the rate of US$1.00=Rmb6.3613 announced by the
People's Bank of China on 30 September, 2015. No
representation is made that Renminbi amounts could have been, or
could be, converted into United States dollars at that rate
as of 30 September, 2015, or at any other certain
rate
|
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/huaneng-power-international-inc-net-profit-for-the-first-three-quarters-of-2015-increases-by-1674-300162914.html
SOURCE Huaneng Power International, Inc.