BEIJING, Oct. 25, 2016 /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,
2016.
Under the PRC GAAP, the Company realized consolidated operating
revenue of RMB 83.221 billion for the three quarters of 2016,
representing a decrease of 14.43% over the same period last year.
Consolidated net profit attributable to the shareholders of the
Company was RMB 9.389 billion,
representing a decrease of 29.06% 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 nine months ended September 30,
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.
View the financial tables
here.
About Huaneng Power International, Inc.
Huaneng Power International, Inc. is one of China's largest listed power producers with
controlled generation capacity of 82,972 MW and equity-based
generation capacity of 75,998 MW. The power plants of the Company
are located in 22 provinces, municipalities and autonomous regions
in China. The Company 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 AUYEUNG / Ms. Tiffany RUAN / Ms. Yan LI
Tel: (852) 2851 1038
Fax: (852) 2865 1638
Email: po@wsfg.hk/ tiffanyruan@wsfg.hk/ yanli@wsfg.hk
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SOURCE Huaneng Power International, Inc.