BEIJING, Oct. 25, 2017 /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,
2017.
For the first three quarters of 2017, the Company and its
subsidiaries recorded consolidated operating revenue of
RMB 111.074 billion (equivalent to
approximately USD 16.736 billion,
based on the exchange rate of USD 1 to RMB
6.6369 as of September 29,
2017), representing an increase of 10.79% compared to the
same period last year. The net profit attributable to equity
holders of the Company was RMB 2.860
billion (equivalent to approximately USD 0.431 billion), representing a decrease of
74.30% compared to the same period of last year. The earnings per
share was RMB 0.19 (equivalent to
approximately USD 0.029) and earnings
per ADS amounted to RMB 7.60
(equivalent to approximately USD
1.15). The main reason for the decrease of the net profit is
the rise of fuel prices.
Encl: The unaudited summary financial information of the Company
for the nine months ended September 30,
2017. 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 the 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 102,502 MW and an equity-based
generation capacity of 91,138 MW. Its power plants are located in
25 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) 6322 6888
E-mail: zqb@hpi.com.cn
Wonderful Sky Financial Group Limited
Wonderful Sky
Financial Group Limited
Ms. Iris OUYANG / Ms. Crystal RUAN
Tel: (852) 2851 1038
Fax: (852) 2865 1638
Email: po@wsfg.hk /
Crystalruans@wsfg.hk
HUANENG POWER
INTERNATIONAL, INC.
|
UNAUDITED
CONSOLIDATED BALANCE SHEETS
|
(PRC
GAAP)
|
AS AT 30
SEPTEMBER, 2017
|
|
(Amounts expressed
in thousands)
|
|
As at
30 September, 2017
|
|
As at
31 December, 2016
(Restated)
|
|
RMB
|
|
US$
|
|
RMB
|
ASSETS
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT
ASSETS
|
|
|
|
|
|
Cash
|
16,364,790
|
|
2,465,728
|
|
10,214,185
|
Derivative financial
assets
|
160,378
|
|
24,165
|
|
278,602
|
Notes
receivable
|
3,062,304
|
|
461,406
|
|
2,639,366
|
Accounts
receivable
|
17,355,173
|
|
2,614,952
|
|
17,157,638
|
Advances to
suppliers
|
1,264,924
|
|
190,590
|
|
984,760
|
Interest
receivables
|
22,508
|
|
3,391
|
|
22,130
|
Dividends
receivable
|
195,000
|
|
29,381
|
|
724,453
|
Other
receivables
|
2,764,450
|
|
416,527
|
|
5,252,967
|
Inventories
|
7,613,534
|
|
1,147,152
|
|
8,046,009
|
Current portion of
non-current assets
|
154,813
|
|
23,326
|
|
136,304
|
Other current
assets
|
2,876,476
|
|
433,407
|
|
3,203,043
|
Assets held for
sale
|
2,121,610
|
|
319,668
|
|
-
|
Total current
assets
|
53,955,960
|
|
8,129,693
|
|
48,659,457
|
|
|
|
|
|
|
NON-CURRENT
ASSETS
|
|
|
|
|
|
Available-for-sale
financial assets
|
2,514,809
|
|
378,913
|
|
3,560,928
|
Derivative financial
assets
|
40,673
|
|
6,128
|
|
99,721
|
Long-term
receivables
|
1,346,026
|
|
202,809
|
|
1,288,416
|
Long-term equity
investment
|
19,975,321
|
|
3,009,737
|
|
19,715,293
|
Fixed
assets
|
243,515,501
|
|
36,691,151
|
|
244,683,030
|
Fixed assets pending
for disposal
|
82,237
|
|
12,391
|
|
84,253
|
Construction-in-progress
|
26,426,598
|
|
3,981,768
|
|
26,296,407
|
Construction
materials
|
2,855,531
|
|
430,251
|
|
3,491,109
|
Intangible
assets
|
13,579,954
|
|
2,046,129
|
|
14,146,114
|
Goodwill
|
12,175,666
|
|
1,834,541
|
|
11,975,592
|
Long-term deferred
expenses
|
297,818
|
|
44,873
|
|
247,160
|
Deferred income tax
assets
|
2,642,672
|
|
398,179
|
|
2,447,648
|
Other non-current
assets
|
3,472,105
|
|
523,152
|
|
3,064,270
|
Total non-current
assets
|
328,924,911
|
|
49,560,022
|
|
331,099,941
|
TOTAL
ASSETS
|
382,880,871
|
|
57,689,715
|
|
379,759,398
|
|
|
|
|
|
|
LIABILITIES AND SHAREHOLDERS' EQUITY
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES
|
|
|
|
|
|
Short-term
loans
|
78,506,038
|
|
11,828,721
|
|
68,271,074
|
Derivative financial
liabilities
|
67,786
|
|
10,214
|
|
133,569
|
Notes
payable
|
2,450,902
|
|
369,284
|
|
3,079,004
|
Accounts
payable
|
12,241,376
|
|
1,844,442
|
|
12,075,281
|
Advances from
customers
|
250,060
|
|
37,677
|
|
1,274,556
|
Salary and welfare
payables
|
582,234
|
|
87,727
|
|
489,206
|
Taxes
payable
|
1,198,922
|
|
180,645
|
|
1,424,669
|
Interest
payables
|
715,269
|
|
107,772
|
|
761,842
|
Dividends
payable
|
2,060,340
|
|
310,437
|
|
1,575,180
|
Other
payables
|
20,163,438
|
|
3,038,081
|
|
20,609,473
|
Current portion of
non-current liabilities
|
24,583,196
|
|
3,704,018
|
|
18,769,231
|
Provision
|
25,696
|
|
3,872
|
|
21,758
|
Short-term bonds
payable
|
16,280,569
|
|
2,453,038
|
|
27,311,103
|
Other current
liabilities
|
439,469
|
|
66,216
|
|
369,479
|
Liabilities held for
sale
|
1,615,442
|
|
243,402
|
|
-
|
Total current
liabilities
|
161,180,737
|
|
24,285,546
|
|
156,165,425
|
|
|
|
|
|
|
NON-CURRENT
LIABILITIES
|
|
|
|
|
|
Long-term
loans
|
107,385,031
|
|
16,179,998
|
|
96,911,236
|
Derivative financial
liabilities
|
165,826
|
|
24,985
|
|
201,169
|
Bonds
payable
|
13,690,986
|
|
2,062,859
|
|
12,182,971
|
Long-term
payables
|
1,470,519
|
|
221,567
|
|
1,706,349
|
Long-term Salary and
welfare payables
|
89,483
|
|
13,483
|
|
90,779
|
Specific accounts
payable
|
38,624
|
|
5,820
|
|
48,136
|
Provision
|
52,444
|
|
7,902
|
|
52,444
|
Deferred
income
|
3,827,082
|
|
576,637
|
|
3,780,307
|
Deferred income tax
liabilities
|
1,358,726
|
|
204,722
|
|
1,429,859
|
Total non-current
liabilities
|
128,078,721
|
|
19,297,973
|
|
116,403,250
|
TOTAL
LIABILITIES
|
289,259,458
|
|
43,583,519
|
|
272,568,675
|
|
|
|
|
|
|
SHAREHOLDERS'
EQUITY
|
|
|
|
|
|
Share
capital
|
15,200,383
|
|
2,290,284
|
|
15,200,383
|
Other equity
instruments
|
4,999,950
|
|
753,356
|
|
-
|
Capital
surplus
|
14,058,131
|
|
2,118,177
|
|
29,530,847
|
Other comprehensive
income (loss)
|
459,620
|
|
69,252
|
|
700,733
|
Including: Currency translation differences
|
(514,579)
|
|
(77,533)
|
|
(712,519)
|
Special
reserves
|
60,867
|
|
9,171
|
|
51,427
|
Surplus
reserves
|
8,186,275
|
|
1,233,449
|
|
8,186,275
|
Undistributed
profits
|
33,110,200
|
|
4,988,805
|
|
34,691,364
|
Shareholder's
equity attributable to
shareholders of the Company
|
76,075,426
|
|
11,462,494
|
|
88,361,029
|
Non-controlling
interests
|
17,545,987
|
|
2,643,702
|
|
18,829,694
|
Total
shareholders' equity
|
93,621,413
|
|
14,106,196
|
|
107,190,723
|
TOTAL LIABILITIES
AND SHAREHOLDER'S
EQUITY
|
382,880,871
|
|
57,689,715
|
|
379,759,398
|
|
|
|
|
|
|
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$1.00=Rmb6.6369 announced by the People's Bank of China on
September 29, 2017. No representation is made that Renminbi amounts
could have been, or could be, converted into United States dollars
at that rate as at September 29, 2017, or at any other certain
rate.
|
HUANENG POWER
INTERNATIONAL, INC.
|
UNAUDITED
CONSOLIDATED INCOME STATEMENTS
|
(PRC
GAAP)
|
FOR THE FIRST
QUARTER ENDED 30 SEPTEMBER, 2017
|
|
|
|
|
|
|
(Amounts expressed
in thousands, except per share data)
|
|
|
|
|
|
|
|
For the first
quarter ended 30 September
|
|
2017
|
|
2016
(Restated)
|
|
RMB
|
|
US$
|
|
RMB
|
|
|
|
|
|
|
1. Operating
revenue
|
111,074,351
|
|
16,735,878
|
|
100,260,296
|
Less: Operating
cost
|
97,685,152
|
|
14,718,491
|
|
73,008,107
|
Tax
and levies
|
1,038,208
|
|
156,430
|
|
822,433
|
Selling
expenses
|
10,283
|
|
1,549
|
|
9,616
|
General
and administrative expenses
|
2,761,247
|
|
416,045
|
|
3,234,177
|
Financial
expenses
|
6,929,574
|
|
1,044,098
|
|
6,512,833
|
Assets
impairment loss
|
39,718
|
|
5,984
|
|
360,601
|
Add: Loss on fair value changes of financial assets/liabilities
|
(3,339)
|
|
(503)
|
|
(17,747)
|
Investment
income
|
1,661,382
|
|
250,325
|
|
2,346,166
|
Including:
Investment income from
associates
and joint ventures
|
477,493
|
|
71,945
|
|
900,223
|
Other
income
|
249,838
|
|
37,644
|
|
-
|
2. Operating
profit
|
4,518,050
|
|
680,747
|
|
18,640,948
|
Add: Non-operating
income
|
135,044
|
|
20,347
|
|
616,064
|
Including:
gain on disposals of
non-current
assets
|
20,565
|
|
3,099
|
|
23,779
|
Less: Non-operating
expenses
|
53,436
|
|
8,051
|
|
295,825
|
Including:
Loss on disposals of
non-current
assets
|
4,284
|
|
645
|
|
218,043
|
3. Profit before
taxation
|
4,599,658
|
|
693,043
|
|
18,961,187
|
Less: Income tax
expense
|
1,254,992
|
|
189,093
|
|
4,693,405
|
4. Net
profit
|
3,344,666
|
|
503,950
|
|
14,267,782
|
Including: Net profit generated by acquiree before business
combination under
common control
|
-
|
|
-
|
|
2,758,935
|
Attributable
to:
|
|
|
|
|
|
Shareholders of the
Company
|
2,860,339
|
|
430,975
|
|
11,130,915
|
Non-controlling
interests
|
484,327
|
|
72,975
|
|
3,136,867
|
5. Earnings per
share (based on the net profit
attributable to
shareholders of the
Company)
(expressed in RMB
per share)
|
|
|
|
|
|
- Basic earnings per
share
|
0.19
|
|
-
|
|
0.73
|
- Diluted earnings per
share
|
0.19
|
|
-
|
|
0.73
|
6. Other
comprehensive income
|
(254,193)
|
|
(38,300)
|
|
1,158,883
|
7. Total
comprehensive income
|
3,090,473
|
|
465,650
|
|
15,426,665
|
Attributable to:
|
|
|
|
|
|
Shareholders
of the Company
|
2,619,226
|
|
394,646
|
|
12,287,665
|
Non-controlling
interests
|
471,247
|
|
71,004
|
|
3,139,000
|
|
|
|
|
|
|
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=Rmb6.6369 announced by the People's Bank of China on
September 29, 2017. No representation is made that Renminbi amounts
could have been, or could be, converted into United States dollars
at that rate as at September 29, 2017, or at any other certain
rate.
|
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content:http://www.prnewswire.com/news-releases/huaneng-power-international-inc-net-profit-attributable-to-shareholders-decreased-by-7430-for-the-first-three-quarters-of-2017-300542833.html
SOURCE Huaneng Power International, Inc.