DATANG INTERNATIONAL POWER GENERATION COMPANY LD: Estimated Increase In Profit for 2012 Results
DATANG INTERNATIONAL POWER GENERATION COMPANY LD: Estimated Increase In Profit for 2012 Results Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
DATANG INTERNATIONAL POWER GENERATION CO., LTD. (a sino-foreign joint stock limited company incorporated in the People's Republic of China) (Stock Code: 00991) POSITIVE PROFIT ALERT ESTIMATED INCREASE IN PROFIT FOR THE ANNUAL RESULTS OF 2012 Special Notice: This announcement is made by Datang International Power Generation Co., Ltd. (the "Company") pursuant to the Inside Information Provisions under Part XIVA of the SFO, Rules 13.09(2)(a) and 13.10(B) of the Listing Rules to provide shareholders of the Company and the public with the financial information of the Company. This announcement is also disseminated on the Shanghai Stock Exchange simultaneously. The estimates referred to in this announcement are only preliminary estimates made by the Company and have not been audited by any certified public accountants. Detailed financial information of the Company will be disclosed in the 2012 annual report of the Company. Investors are advised to exercise caution when dealing in the shares of the Company. The Company and all members of the board of directors (the "Board") warrant that there are no false representations and misleading statements contained in, or material omissions from this announcement, and severally and jointly accept the responsibility for the truthfulness, accuracy and completeness of the content of this announcement. This announcement is made by the Company pursuant to the Inside Information Provisions (as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"), under Part XIVA of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong) (the "SFO") and Rules 13.09(2)(a) and 13.10(B) of the Listing Rules. I. Estimated results for the reporting period 1. Period to which the estimated results apply: From 1 January 2012 to 31 December 2012. 2. Estimated results: According to the preliminary estimates made by the Company, net profit attributable to the equity holders of the Company as reported on the consolidated statements of the Company for year 2012 is expected to increase by 105%-115% as compared to the corresponding period of the previous year. 3. The figures of the estimated results have not been audited by any certified public accountants. II. Results of the corresponding period of the previous year 1. Net profit attributable to the equity holders of the Company as reported in the consolidated statements in 2011: Approximately RMB1,910,111,000. 2. Basic earnings per share in 2011: RMB0.1481 per share. III. Reasons for the change in the results The prominent increase in profit for the results in 2012 was mainly attributable to the following reasons: 1. Decrease in fuel costs due to timely adjustments made by the Company to the fuel procurement strategy according to market conditions; 2. Increase in revenues from core business due to the increase in average on-grid tariff when compared with the corresponding period of the previous year; 3. Increase in investment income attributable to the implementation of active capital operation by the Company. IV. Risk warning The estimated results for the reporting period are only preliminary estimates made by the Company. The detailed and precise financial information of the Company shall be based on the audited 2012 annual report which is to be officially disclosed by the Company. Investors are advised to exercise caution when dealing in the shares of the Company. By Order of the Board Zhou Gang Secretary to the Board Beijing, the PRC, 30 January 2013 As at the date of this announcement, the Directors of the Company are: Liu Shunda, Hu Shengmu, Cao Jingshan, Fang Qinghai, Zhou Gang, Liu Haixia, Guan Tiangang, Mi Dabin, Ye Yonghui, Li Gengsheng, Li Yanmeng*, Zhao Zunlian*, Li Hengyuan*, Zhao Jie*, Jiang Guohua* * Independent non-executive Directors END -0- Jan/30/2013 11:40 GMT