BEIJING, April 21, 2020 /PRNewswire/ -- Huaneng Power
International, Inc. ("HPI", or the "Company") (NYSE: HNP; HKEx:
902; SSE: 600011) today announced its unaudited operating results
prepared in accordance with the PRC GAAP for the three months ended
March 31, 2020.
For the first quarter of 2020, the Company and its subsidiaries
recorded consolidated operating revenue of RMB 40.351 billion (equivalent to approximately
USD 5.695 billion), representing a
decrease of 11.61% compared to the same period of last year. The
net profit attributable to shareholders of the Company was
RMB 2.060 billion (equivalent to
approximately USD 291 million),
representing a decrease of 22.42% compared to the same period of
last year. The earnings per share was RMB
0.11 and earnings per ADS amounted to RMB 4.45 (equivalent to approximately
USD 0.629). The decrease of
Company's net profit was mainly due to the decrease of
electricity sales year on year, which was a result of
the factors mainly including COVID-19
pandemic, combining the gain from declined fuel
prices could not fully offset the negative impact from
decrease of electricity sales.
~End~
Encl: The unaudited summary financial information of the Company
for the three months ended March 31,
2020. 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 107,049 MW and equity-based
generation capacity of 93,821 MW. The power plants of the Company
are located in 26 provinces, autonomous regions and municipalities
in China. The Company also has a
wholly-owned power company in Singapore, and an invested power company in
Pakistan.
View original
content:http://www.prnewswire.com/news-releases/huaneng-power-international-inc-rmb-2-060-billion-net-profit-attributable-to-shareholders-for-the-first-quarter-of-2020-decreased-by-22-42-301044489.html
SOURCE Huaneng Power International, Inc.