BEIJING, July 27, 2021 /PRNewswire/ -- Huaneng Power
International, Inc. ("HPI", or the "Company") (NYSE: HNP; HKEx:
902; SSE: 600011) today announced its unaudited operating results
prepared under IFRS for the six months ended 30 June 2021.
For the six months ended 30 June
2021, the Company and its subsidiaries recorded consolidated
operating revenue of RMB95.116
billion (equivalent to approximately USD 14.724 billion, based on the exchange rate of
USD 1 to RMB6.4601 as of 30 June
2021), representing an increase of 20.21% compared to the
same period of last year. The net profit attributable to equity
holders of the Company was RMB4.019
billion (equivalent to approximately USD 622 million), representing a decrease of
26.14% compared to the same period of last year. The earnings per
share was RMB0.19 and earnings per
ADS amounted to RMB 7.54 (equivalent
to approximately USD 1.167). The main
reason for the YoY decrease of the net profit is due to
reduced profits from business of domestic power sales and heat
supply resulting from increased coal prices.
In the first half of the year, based on the new development
stage, the Company implemented the new development concept,
integrated into the new development pattern and, in accordance with
the annual work deployment and requirements, coordinated the
epidemic prevention and control, and operation reform and
development, achieved the main production and operation performance
goals, which have laid a solid foundation for the whole year's
task.
Power Generation. In the first half of the year, the
Company's total electricity sold by the power plants within
China on consolidated basis
amounted to 207.926 billion kWh, representing an increase of 20.80%
over the same period last year. The average utilization hours of
the Company's power plants within China were 1,980 hours, representing an
increase of 263 hours over the same period last year. The company's
market-based transaction power ratio was 61.09%, representing an
increase of 11.20 percentage points over the same period last
year.
Cost Control. In the first half of the year, coal supply
and demand were at a high level. However, due to the limited
release of domestic production, tight supply of overseas resources,
continued improvement in the macro economy, and insufficient
clean energy output, the growth of supply fell below the
level of demand growth. The price pivot of coal has moved up
significantly. The Company scientifically studied and assessed
market trends, flexibly adjusted its procurement strategy,
strengthened resource development, improved the fulfillment of
long-term contract performance, and actively played the
role of imported coal to supplement the supply. Thus, the
supply of thermal coal for Company was generally safe and
stable. Notwithstanding the increase in coal price, the
industry benchmarking of Company remained
advanced.
Energy Conservation and Environmental Protection. In
the first half of the year, the Company steadily promoted the
three-year action plan for safety production special
rectification, heating renovation, energy saving and emission
reduction, wastewater treatment in key areas, and closure of
coal yards. The safety, economy, and environmental
protection operation of power generation units continued to
improve, and the Company's pollutant emission concentration
and energy consumption indicators continued to maintain the
industry lead. The Company's cumulative coal consumption
for power supply was 288.47 g/kWh, a year-on-year decrease of
2.10 g/kWh; the average emission concentrations of sulfur
dioxide, nitrogen oxides, and soot from thermal power units
were all better than the ultra-low emission standards. In
the national benchmarking of the energy efficiency level of
thermal power units released by China Electricity Council,
the Company has 52 units with good results.
Project Development and Construction. In the first
half of the year, the Company proceeded smoothly in the
construction of power generation projects, adding 470 MW of
wind power controlled generation capacity, 190 MW of solar
energy controlled generation capacity, and 30 MW of biomass
controlled generation capacity. In the meantime, some of the power
plants invested or controlled by the Company underwent changes
in capacity. As of June 30, 2021, the
Company's controlled generation capacity was 114,042 MW, and
the equity generation capacity was 99,891 MW. Low-carbon clean
energy (wind power, solar energy, hydro-power, combined cycle,
biomass power) accounted for 21.07% of the installed
capacity.
Overseas Business. In the first half of the year,
the accumulated power generation of Tuas Power Ltd. ("Tuas Power"),
a wholly-owned subsidiary of the Company in
Singapore, accounted for a market share of 20.5%, representing
a decrease of 1.0 percentage point compared to the same period
last year. The sales revenue was RMB5.667 billion, representing an increase
of 0.60% over the same period last year. The pre-tax loss of
Singapore business was
RMB55 million, representing a
decrease in pre-tax profit of RMB91
million over the same period last year (pre-tax
profit of RMB36
million). In the first half of the year, the pre-tax
profit of the Sahiwal project in Pakistan was RMB407 million, representing an increase of
RMB60 million compared to the
same period last year.
In the second half of the year, the Company will adhere to the
concept of safe development and accelerate the pace of
green development, promote the optimization and upgrade of the
coal-fired power structure, deepen the promotion of quality and
efficiency enhancement, focus on ensuring the quantity and
price of coal, actively do a good job in power marketing,
strictly control costs and expenses, and strive to complete
the annual operating performance; continue to create
long-term, stable and increasing returns to the shareholders of the
Company.
~End~
Encl: The consolidated financial information of the Company and
its subsidiaries prepared under IFRS for the six months ended
30 June 2021.
About Huaneng Power International, Inc.
Huaneng Power International, Inc. is one of China's largest listed power producers with
controlled generation capacity of 114,042 MW and equity based
generation capacity of 99,891 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.
For enquiries, please contact:
Huaneng Power International, Inc.
Mr. CHEN Zhelu / Ms. LIU Tianyu
Tel: (8610) 6322 6554/6322 6595
Fax: (8610) 6322 6888
Email: zqb@hpi.com.cn
Wonderful Sky Financial Group Limited
Ms. Ketrina Yang / Ms.
Layla Zheng
Tel: (852) 3970 2286
Fax: (852) 3102 0210
Email: hpi@wsfg.hk
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SOURCE Huaneng Power International, Inc.