BEIJING, March 24, 2015 /PRNewswire/ -- Huaneng Power
International, Inc. ("HPI" or the "Company") (NYSE: HNP; HKEx: 902;
SSE: 600011) today announced its audited annual operating results
for the twelve months ended December 31,
2014 prepared under the International Financial Reporting
Standards, in which the Company recorded consolidated operating
revenue of RMB125.407 billion
(equivalent to approximately USD20.495
billion, based on the exchange rate of USD1 to RMB6.1190 as of December 31, 2014), representing a decrease of
6.30% over 2013, and net profit attributable to equity holders of
the Company of RMB 10.757 billion
(equivalent to approximately USD1.758
billion), representing an increase of 3.18% over 2013.
Earnings per share amounted to RMB
0.76 (equivalent to approximately USD0.12), and earnings per ADS amounted to
RMB30.40 (equivalent to approximately
USD 4.97). The Board is satisfied
with the Company's operating results in 2014.
The Board of the Company proposed to declare a cash dividend of
RMB 0.38 (inclusive of tax) for each
ordinary share of the Company held by shareholders for the year of
2014.
In 2014, the Company overcame difficulties posed by the decline
in the growth rate of power generation, actively responded to the
new trends and changes in the power market, and the Company had
made new achievements in various aspects, including power
generation, energy saving and emission reduction, project
development and capital operation. Meanwhile, the Company managed
to fulfill the duties of providing sufficient, reliable and green
energy to the society.
In 2014, total power generated by the Company's operating power
plants amounted to 304.869 billion kWh, while the power plants in
China amounted to 294.388 billion
kWh representing a decrease of 7.27% year-on-year. The electricity
sold aggregated to 277.538 billion kWh, representing a decrease of
7.49% year-on-year. In 2014, the annual average utilization hours
of the Company's domestic power plants reached 4,572 hours, of
which the utilization hours of the thermal units reached 4,618
hours. In most of the areas where the Company's coal-fired power
plants are located, the utilization hours of the Company was in a
leading position within those areas.
The Company purchased a total of 121 million tons of natural
coal. The Company adopted measures of "business mode
transformation, structural adjustment", reinforced the cooperation
with major coal mines, and further controlled over the Company's
fuel procurement costs. The fuel costs per unit of power sold of
the Company's domestic power plants was RMB201.19/MWh, representing a decrease of 7.96%
compared to same period last year.
The Company has always placed energy saving and environmental
protection as its utmost priority. In 2014, the Company continued
to lead its peers in terms of technical, economic and energy
consumption indicators. The average equivalent availability ratio
of coal-fired units of the Company's domestic power plants was
95.21% and its weighted average house consumption rate was 4.60%.
The average coal consumption rate of the Company's coal-fired units
for the power generated was 292.19 grams/kWh, which is 1.28 grams/
kWh lower than that of the same period last year. The Company's
average coal consumption rate for power sold was 309.42 grams/kWh,
representing a decrease of 1.52 grams/kWh from that of the same
period last year.
The controlled generating capacity of the newly commissioned
coal-fired, gas turbine and wind generating units of the Company
was 1,352.5 MW, 1,855.4MW and 416 MW, respectively. As of
23 March 2015, the Company's
controlled and equity-based generating capacity was 78,693 MW and
70,736 MW, respectively.
In 2014, the Company acquired the assets and interests of ten
target power companies from its parent company at a consideration
of approximately RMB9.276 billion,
which has expanded the Company's regional deployment and business
scale and brought an additional controlled operational generation
capacity of 7,087.5 MW and generation capacity under construction
of 2,300 MW in total. On 13 November
2014, the Company issued a total of 365,000,000 H Shares to
nine places, at an issue price of HK$8.60 per share, and the gross proceeds from
the placing was approximately HK$3,139
million.
In 2015, the Company will further enhance its awareness of
market, reform, innovation and risks, emphasize on market
orientation and sophisticated management, highlight the quality and
efficiency, continuously enhance its profitability, competitiveness
and sustainability, to build first class listed power company in
the world.
~ End ~
Encl: The 2014 consolidated financial
information of the Company and its subsidiaries prepared under
IFRS: http://photos.prnasia.com/prnk/20150325/8521501883
About the Company
The Company is one of China's
largest listed power producers with controlled generation capacity
of 78,693MW and equity-based generation capacity of 70,736MW
currently. The power plants of the Company are located in 21
provinces, municipalities and autonomous regions in China. The Company also has a wholly-owned
power company in Singapore.
For enquiries, please contact:
Huaneng Power International, Inc.
Ms. MENG Jing /
Ms. ZHAO Lin
Tel: (8610) 6608 6765 / 6322 6596
Fax: (8610) 6641 2321
Email: zqb@hpi.com.cn
Wonderful Sky Financial Group Limited
Ms.
Erica Tao / Ms. Shiloh Xiang
Tel: (852) 2851 1038
Fax: (852) 2865 1638
Email: ericatao@wsfg.hk / shilohxiang@wsfg.hk
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SOURCE Huaneng Power International, Inc.