Datang Power Announces 2012 Annual Results

                  Datang Power Announces 2012 Annual Results

Net Profit Surges 106.08% to RMB4,062 Million

Drawing Synergy from Diversified Growth for Greater Success

PR Newswire

HONG KONG, March 26, 2013

HONG KONG, March 26,2013 /PRNewswire/ --

Financial Highlights:

                                                Year ended 31 December
RMB million                                     2012   2011   Approximatechange
Operatingrevenue                               77,598 73,382 +7.21%
Netprofitattributabletoownersofthe        4,062  1,971  +106.08%
Basicearningspershareattributabletoowners 0.31   0.15   0.16
 of the Company (RMB)

Datang International Power Generation Co., Ltd. ("Datang Power" or the
"Company")(991:HK; 601991:SH; DAT:LN; DIPGY:US) announced the audited
consolidated operating results of the Company and its subsidiaries (the
"Group") for the year ended 31 December 2012.

In accordance with the International Financial Reporting Standards,
consolidated operating revenue of the Group for 2012 rose by 7.21% to
RMB77,598 million. Net profit attributable to equity holders of the Company
increased substantially by 106.08% to RMB4,062 million, mainly due to increase
in operating revenue and decrease in fuel costs. Basic earnings per share
attributable to equity holders of the Company were approximately RMB0.31, up
approximately RMB0.16 per share comparing with the same period last year. The
board has recommended the distribution of a final dividend of RMB0.1 per share
(tax included) for the year of 2012.

Mr. Cao Jingshan, Vice Chairman & President of Datang Power, said, "In 2012,
the operating environment was complicated and full of changes, the Company's
development encountered tremendous challenges. Despite the favorable
opportunities arise from lower coal price in the market, the pressure in
operation brought by the year-on-year negative growth in power generation
remained. To seize the opportunities arising from industry recovery, the Group
continues to push forward the business strategy of "focusing on the power
generation business whilst complementing with synergistic diversifications",
and achieved breakthrough in various projects such as various preliminary
power generation project. Benefitting from the increase in operating profit
and the decrease in fuel cost, Datang Power realized the best operating
performance among the 18 years since establishment."

Business Review

In 2012, the Group's power generation maintained a stable production, however
due to the slowdown of economic growth, cumulative on-grid power generation
amount to 202.1456 billion kWh and 191.181 billion kWh respectively,
representing a slight decreased by approximately 0.77% and 0.50% respectively.

The Group adhered to focus on economic operation of power generation
facilities, therefore the Group deepen the technological renovation on energy
conservation and strengthen facilities treatment to implement energy
conservation, and reaped remarkable results. In 2012, coal consumption for
power supply was 317.31g/kWh, representing a decrease of approximately 2.38
g/kWh over the previous year. The electricity consumption rate of power plants
recorded a year-on-year decrease of 0.32 percentage-point to 4.56%. The total
desulfurisation facilities operation rate and the total overall
desulfurisation efficiency rate amounted to 99.67% and 94.18%, respectively.
In addition, the emission rates of sulfur dioxide, nitrogen oxides, smoke ash
and waste water were decreased year-on-year of approximately 2.63%, 8.27%,
16.67% and 16.67%, respectively. During the Year, a total of 11 power
generating units of power generation companies of the Company carried out
denitrification transformation projects.

In 2012, the Group achieved breakthrough in progress of preliminary works. 14
power generation projects of the Company were officially approved, including 2
coal-fired power (gas turbine) projects with total approved capacity of 2,226
MW, a hydropower project with total approved capacity of 125 MW, 6 wind power
projects with total approved capacity of 276 MW, and 5 photovoltaic power
projects with total approved capacity of 80 MW.

Meanwhile, the Group continued to expand power-related upstream and downstream
projects. With prolonged practice and innovative improvements based on the
construction and operation of the Duolun Coal Chemical project, the continuous
and stable trial operation at a heavy loading rate of 70% was completed during
the Year, and the construction-in-progress was successively transferred to
fixed assets since December 2012. For the  Series 1 of Phase 1 of Keqi
Coal-based Natural Gas Project has  produced qualified natural gas, while the
startup of 8 facilities has been completed in Phase 2, other devices also made
good progress. the Fuxin Coal-based Natural Gas Project proceeded smoothly.
Meanwhile, the Phase 1 project of Shengli Open-cut Coal Mine East Unit 2 in
Shengli area of Inner Mongolia, developed and constructed by the Company,
reached 10 million tonnes; Phase 2 project with an annual production capacity
of 20 million tonnes is currently undergoing construction of infrastructure as
scheduled. The preliminary development works of the Wujianfang Coal Mine, the
Kongduigou Coal Mine and the Changtan Coal Mine carried out by the Company in
Inner Mongolia region proceeded in an orderly manner. The successful
development of the above-said coal mine projects would also increase the coal
self-sufficiency ratio of the Company.


Looking forward to 2013, the Company expected that electricity demand will
drive by rebounded economic environment, which would set to drive the actual
growth of electricity demand. Provided that the overall slowdown of domestic
economic growth is an inevitable trend, the growth in power generation and
coal market prices may challenge the Group's business environment.

Mr. Cao concluded, "Diversified business deployment of the Company has been
gradually paving the way to the harvest stage of the diversified and
synergistic development. The core business of the Company will see another new
height, aiming to achieve total power generation in 2013 to exceed 200 billion
kWh, and the preliminary works for power generation projects of approximately
3,900 mWh are expected to make significant breakthrough, which are conducive
to the strengthening of core competitiveness of the Company. The Company will
follow the strategy of "focusing on the power generation business whilst
complementing with synergistic diversifications", to further enhance
production safety management, step up capital efforts, continue to intensify
energy conservation and emissions reduction and comprehensively strengthen
risk prevention and control.

The Group will aim to enhance the profitability of the Group and, with its
synergistic diversifications advantages to seize opportunities to generate
maximum returns for the shareholders."

Datang International Power Generation Co., Ltd. (991:HK; 601991:SH; DAT:LN;

Datang International Power Generation Co., Ltd. is one of the largest
independent power producers in China and the first Chinese power company list
in Hong Kong, London and Shanghai simultaneously. Its American Depositary
Receipts are traded in the U.S. over-the-counter market. The Company is
principally engaged in the construction and operation of power plants, the
sale of electricity and thermal power, the repair, testing and maintenance of
power generating facilities and power-related technology services. Currently,
the Company manages over 100 wholly-owned and holding power generation
companies or other project companies, which are located in over 18
provinces/municipalities/autonomous regions in China. As at 31 December 2011,
the Company's total installed capacity in operation amounted to 38,484.2MW.

For more information, please visit the Company's website:

Encl: Extract of Condensed Consolidated Statement of Comprehensive Income

Datang International Power Generation Co., Ltd.

2012 Annual Results

(prepared in conformity with International Financial Reporting Standards)

Extract of Condensed Consolidated Statement of Comprehensive Income (audited)

                                                    year ended 31 December
                                                    2012          2011
                                                    RMB'000       RMB'000
Operating revenue                                   77,598,143    72,381,865
Operating costs
Fuel for power and heat generation                  (39,116,040)  (42,152,791)
Fuel for coal sales                                 (5,352,767)   (2,331,552)
Depreciation                                        (8,820,051)   (8,604,808)
Repairs and maintenance                             (2,361,659)   (1,898,832)
Salaries and staff welfare                          (2,748,148)   (2,367,473)
Local government surcharges                         (669,965)     (568,654)
Others                                              (5,019,331)   (4,904,592)
Total operating costs                               (64,087,961)  (62,828,702)
Operating profit                                    13,510,182    9,553,163
Share of profits of associates                      748,539       945,970
Share of profits of jointly controlled entities     43,824        94,229
Investment income                                   474,365       50,191
Other gains                                         1,305,804     58,564
Interest income                                     71,868        109,820
Finance costs                                       (8,568,230)   (7,102,002)
Profit before tax                                   7,586,352     3,709,935
Income tax expense                                  (1,361,102)   (667,786)
Profit for the year                                 6,225,250     3,042,149
Other comprehensive income after tax:
Reclassification adjustments for amounts
transferred to
profit or loss upon disposals of                -             (4)
Fair value gain(loss) on available-for-sale         38,333        (28,519)
Share of other comprehensive income of associates   (1,462)       (63,516)
Foreign currency translation differences            (2,968)       21,825
Income tax relating to components of other          (7,637)       7,131
 comprehensive income
Other comprehensive income for the year, net of     26,266        (63,083)
Total comprehensive income for the year             6,251,516     2,979,066
Profit for the period attributable to:
 Owners of the Company                           4,062,268     1,971,200
 Non-controlling interests                       2,162,982     1,070,949
                                                    6,225,250     3,042,149
Total comprehensive income for the year
attributable to:
 Owners of the Company                           4,088,534     1,908,050
 Non-controlling interests                       2,162,982     1,071,016
                                                    6,251,516     2,979,066
Proposed dividends                                  1,331,004     1,464,104
Dividends paid                                      1,464,104     961,703
                                                    RMB           RMB
Earnings per share
 Basic and diluted                               0.31          0.15

SOURCE Datang International Power Generation Co., Ltd.

Contact: Datang International Power Generation Co., Ltd., Mr. Grant Zhang /
Ms. Momo Chen, Tel (8610) 8800 8678 / 8800 8674, Fax (8610) 8800 8684;
Hill+Knowlton Strategies Asia, Mr. James Wong / Mr. Nick Fung, Tel(852) 2894
6216 / 2894 6380, Fax (852) 2576 1990
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