Huaneng Power International, Inc. Announces 2012 First Three Quarters Results
Net Profit Attributable to the Company's Shareholders was 4.195 BIllion,
Representing an Increase of 197.40% YoY
BEIJING, Oct. 23, 2012
BEIJING, Oct. 23, 2012 /PRNewswire/ -- Huaneng Power International, Inc.
("HPI" or the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced
its unaudited results for the nine months ended September 30, 2012.
Under the PRC GAAP, the Company realized consolidated operating revenue of RMB
100.117 billion for the first three quarters of 2012, representing an increase
of 0.31% over the same period last year. Consolidated net profit attributable
to the shareholders of the Company was RMB 4.195 billion, representing an
increase of 197.40% over the same period last year. The increase of Company's
net profit was mainly attributable to the carry-over effect of the tariff
adjustment last year and the drop in spot market coal price.
Unit 6 (600MW) of Hunan Huaneng Yueyang Power Plant (of which the Company
holds 55% equity interest) and Unit 2 (1,030MW) of Jiangsu Huaneng Jinling
Power Plant (of which the Company holds 60% equity interest) had respectively
completed trial run recently. In addition, there had been changes to the
installed capacity to part of the power plants in which the Company has equity
interest. To date, the Company's total controlled generation capacity has
increased to 61,947MW from 60,317MW, and total equity-based generation
capacity has increased to 56,209MW from 55,357MW.
Encl: The unaudited summary financial information of the Company for the nine
months ended September 30, 2012. 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 the Company
The Company is one of China's largest listed power producers with controlled
generation capacity of 61,947MW and equity-based generation capacity of
56,209MW. The power plants of the Company are located in 19 provinces,
municipalities and autonomous regions in China. The Company also has a
wholly-owned power company in Singapore.
For enquiries, please contact:
Huaneng Power International, Inc.
Ms. MENG Jing / Ms. ZHAO Lin
Tel: (8610) 6608 6765 / 6322 6596
Fax: (8610) 6641 2321
Wonderful Sky Financial Group Limited
Ms. Linda Wong / Ms. Yolanda Wang / Ms. Sharon Xie / Ms. Sharon Lau
Tel: (852) 2851 1038
Fax:(852) 2865 1638
Email:email@example.com / firstname.lastname@example.org / email@example.com /
SOURCE Huaneng Power International, Inc.
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