BEIJING, April 26, 2016 /PRNewswire/ -- Huaneng Power
International, Inc. ("HPI", or the "Company") (NYSE: HNP; HKEx:
902; SSE: 600011) today announced its unaudited results for the
three months ended March 31,
2016.
Under the PRC GAAP, the Company realized consolidated operating
revenue of RMB28.823 billion for the
first quarter of 2016, representing a decrease of 15.91% over the
same period last year. Consolidated net profit attributable to the
shareholders of the Company was RMB3.948
billion, representing a decrease of 21.58% over the same
period last year. The decrease is mainly attributable to the on
grid tariff cut for coal-fired power by National Development and
Reform Commission, the year-on-year decrease of domestic power
generation, and the increase of unplanned electricity sold in
market.
Encl: The unaudited summary financial information of the Company
for the three months ended March 31,
2016. 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.
~ End ~
Encl: UNAUDITED CONSOLIDATED
BALANCE SHEETS(PRC GAAP) AS AT 31 MARCH,
2016
http://photos.prnasia.com/prnk/20160426/8521602697
About the Company
Huaneng Power International, Inc. is one of China's largest listed power producers with
controlled generation capacity of 82,381 MW and equity-based
generation capacity of 74,826MW. Its power plants are located in 22
provinces, municipalities and autonomous regions in China. It 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.
Serena Ou / Ms.
Shiloh Xiang
Tel:
(852) 2851 1038
Fax: (852) 2865 1638
Email: serenaou@wsfg.hk /shilohxiang@wsfg.hk
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SOURCE Huaneng Power International, Inc.