BEIJING, Oct. 21, 2014 /PRNewswire/ -- Huaneng Power
International, Inc. ("HPI", the "Company") (NYSE: HNP; HKEx: 902;
SSE: 600011) today announced its unaudited results for the nine
months ended September 30, 2014.
Under the PRC GAAP, the Company realized consolidated operating
revenue of RMB 94.627 billion for the
first three quarters of 2014, representing a decrease of 4.65% over
the same period last year. Consolidated net profit attributable to
the shareholders of the Company was RMB
9.996 billion, representing an increase of 8.80% over the
same period last year. The increase is mainly attributable to the
decrease of domestic fuel costs compared with the same period last
year.
Encl: The unaudited summary financial information of the Company
for the nine months ended September 30,
2014. 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 "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 the Company
The Company is one of China's
largest listed power producers with controlled
generation capacity of 67,394MW and equity-based generation capacity of
60,667MW currently. The power plants of the Company are located in
19 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
|
HUANENG POWER
INTERNATIONAL, INC.
UNAUDITED CONSOLIDATED BALANCE SHEETS
(PRC GAAP)
AS AT 30 SEPTEMBER, 2014
(Amounts expressed in
thousands)
|
|
As at
30 September, 2014
|
As at
31 December, 2013
|
|
RMB
|
US$
|
RMB
|
|
ASSETS
|
|
|
|
|
|
|
|
|
CURRENT
ASSETS
|
|
|
|
|
Cash
|
9,380,936
|
1,524,736
|
9,433,385
|
|
Derivative financial
assets
|
84,546
|
13,742
|
91,727
|
|
Notes
receivable
|
739,747
|
120,235
|
755,331
|
|
Accounts
receivable
|
10,645,508
|
1,730,274
|
14,806,790
|
|
Advances to
suppliers
|
1,140,073
|
185,302
|
434,953
|
|
Interest
receivables
|
87
|
14
|
70
|
|
Dividends
receivable
|
150,000
|
24,380
|
150,000
|
|
Other
receivables
|
951,338
|
154,626
|
793,638
|
|
Inventories
|
6,740,812
|
1,095,622
|
6,469,026
|
|
Current portion of
non-current assets
|
14,206
|
2,309
|
13,842
|
|
Other current
assets
|
47,167
|
7,666
|
17,292
|
|
Assets held for
sale
|
-
|
-
|
557,671
|
|
Total
current assets
|
29,894,420
|
4,858,906
|
33,523,725
|
|
NON-CURRENT
ASSETS
|
|
|
Available-for-sale
financial assets
|
3,569,937
|
580,242
|
3,162,992
|
|
Derivative financial
assets
|
13,045
|
2,120
|
14,245
|
|
Long-term
receivables
|
724,085
|
117,690
|
726,214
|
|
Long-term equity
investment
|
17,354,447
|
2,820,715
|
16,416,726
|
|
Fixed assets
|
159,482,090
|
25,921,510
|
160,926,056
|
|
Fixed assets pending
for disposal
|
61,328
|
9,968
|
58,603
|
|
Construction-in-progress
|
23,326,871
|
3,791,446
|
18,877,533
|
|
Construction
materials
|
2,984,179
|
485,035
|
2,678,280
|
|
Intangible
assets
|
10,293,718
|
1,673,095
|
10,350,136
|
|
Goodwill
|
12,199,639
|
1,982,875
|
12,180,957
|
|
Long-term deferred
expenses
|
166,121
|
27,001
|
150,245
|
|
Deferred income tax
assets
|
1,023,928
|
166,425
|
762,561
|
|
Other non-current
assets
|
745,530
|
121,174
|
446,580
|
|
Total
non-current assets
|
231,944,918
|
37,699,296
|
226,751,128
|
|
TOTAL
ASSETS
|
261,839,338
|
42,558,202
|
260,274,853
|
|
HUANENG POWER
INTERNATIONAL, INC.
UNAUDITED CONSOLIDATED BALANCE SHEETS
(PRC GAAP)
AS AT 30 SEPTEMBER, 2014
(Amounts expressed
in thousands)
|
|
As
at
30 September,
2014
|
As at
31 December, 2013
|
|
RMB
|
US$
|
RMB
|
|
LIABILITIES AND SHAREHOLDERS' EQUITY
|
|
|
|
|
CURRENT
LIABILITIES
Short-term
loans
|
40,610,957
|
6,600,724
|
37,937,046
|
|
Derivative financial
liabilities
|
186,456
|
30,306
|
43,591
|
|
Notes
payable
|
645,377
|
104,897
|
103,385
|
|
Accounts
payable
|
7,620,857
|
1,238,660
|
12,174,486
|
|
Advances from
customers
|
93,296
|
15,164
|
147,799
|
|
Salary and welfare
payables
|
218,121
|
35,452
|
188,837
|
|
Taxes
payable
|
(173,074)
|
(28,131)
|
409,847
|
|
Interest
payables
|
1,115,666
|
181,335
|
1,047,410
|
|
Dividends
payable
|
968,254
|
157,376
|
166,270
|
|
Other
payables
|
10,107,251
|
1,642,788
|
10,677,357
|
|
Current portion of
non-current liabilities
|
13,269,002
|
2,156,685
|
18,487,606
|
|
Provision
|
201,276
|
32,715
|
182,188
|
|
Other current
liabilities
|
15,647,855
|
2,543,332
|
15,565,630
|
|
Liabilities held for
sale
|
-
|
-
|
51,172
|
|
Total
current liabilities
|
90,511,294
|
14,711,303
|
97,182,624
|
|
NON-CURRENT
LIABILITIES
|
|
|
|
|
Long-term
loans
|
61,501,379
|
9,996,161
|
60,513,671
|
|
Derivative financial
liabilities
|
351,278
|
57,095
|
383,405
|
|
Bonds
payable
|
23,671,919
|
3,847,528
|
23,726,550
|
|
Long-term
payables
|
1,091,469
|
177,403
|
208,820
|
|
Specific accounts
payable
|
47,604
|
7,737
|
51,469
|
|
Deferred income tax
liabilities
|
1,791,217
|
291,136
|
1,788,922
|
|
Other non-current
liabilities
|
2,331,325
|
378,924
|
2,374,774
|
|
Total
non-current liabilities
|
90,786,191
|
14,755,984
|
89,047,611
|
|
TOTAL
LIABILITIES
|
181,297,485
|
29,467,287
|
186,230,235
|
|
SHAREHOLDERS'
EQUITY
Share
capital
|
14,055,383
|
2,284,499
|
14,055,383
|
|
Capital
surplus
|
16,937,464
|
2,752,940
|
16,662,522
|
|
Special
reserves
|
63,540
|
10,328
|
45,806
|
|
Surplus
reserves
|
7,131,700
|
1,159,155
|
7,131,700
|
|
Undistributed
profits
|
29,322,957
|
4,766,023
|
24,669,611
|
|
Currency translation
differences
|
(716,885)
|
(116,519)
|
(817,243)
|
|
Shareholder's
equity attributable to
|
|
|
|
|
shareholders of the
Company
|
66,794,159
|
10,856,426
|
61,747,779
|
|
Non-controlling interests
|
13,747,694
|
2,234,489
|
12,296,839
|
|
Total
shareholders' equity
|
80,541,853
|
13,090,915
|
74,044,618
|
|
TOTAL
LIABILITIES AND SHAREHOLDER'S
|
|
|
|
|
EQUITY
|
261,839,338
|
42,558,202
|
260,274,853
|
For the convenience of the reader, translation of
amounts from Renminbi (Rmb) into United
States dollars (US$) has been made at the rate
of US$1.00=Rmb6.1525 announced by the People's Bank of
China on September 30, 2014. No representation is made
that Renminbi amounts could have been, or could be, converted into
United States dollars at that rate
as of September 30, 2014, or at any other certain
rate.
|
HUANENG
POWER INTERNATIONAL, INC. UNAUDITED CONSOLIDATED INCOME
STATEMENTS
(PRC GAAP)
FOR THE
THIRD QUARTER ENDED 30 SEPTEMBER, 2014
(Amounts expressed
in thousands, except per share data)
|
|
For the
third quarter ended 30 September
|
|
2014
|
2013
|
|
RMB
|
US$
|
RMB
|
|
1. Operating
revenue
|
94,627,497
|
15,380,333
|
99,237,917
|
|
Less:Operating
cost
|
70,397,821
|
11,442,149
|
75,385,540
|
|
Tax and levies on
operations
|
709,460
|
115,312
|
808,990
|
|
Selling
expenses
|
3,221
|
524
|
7,788
|
|
General and
administrative expenses
|
2,404,391
|
390,799
|
2,386,932
|
|
Financial
expenses
|
5,551,513
|
902,318
|
5,666,363
|
|
Assets impairment
loss
|
410,763
|
66,764
|
647,805
|
|
Add:
(loss) on fair value changes of financial
assets/liabilities
|
(425)
|
(69)
|
(967)
|
|
Investment income
|
1,237,302
|
201,105
|
697,056
|
|
Including: Investment income from
associates and joint ventures
|
1,116,847
|
181,527
|
477,577
|
|
2.
Operating profit
|
16,387,205
|
2,663,503
|
15,030,588
|
|
Add: Non-operating
income
|
784,957
|
127,584
|
316,289
|
|
Including: gain on disposals of
non-current assets
|
13,827
|
2,247
|
25,668
|
|
Less: Non-operating
expenses
|
434,618
|
70,641
|
354,700
|
|
Including: Loss on disposals of
non-current assets
|
314,869
|
51,177
|
227,998
|
|
3. Profit
before taxation
|
16,737,544
|
2,720,446
|
14,992,177
|
|
Less: Income tax
expense
|
4,397,538
|
714,757
|
3,842,504
|
|
4. Net
profit
|
12,340,006
|
2,005,689
|
11,149,673
|
|
Attributable to:
|
|
|
|
|
Shareholders of the Company
|
9,995,550
|
1,624,632
|
9,186,673
|
|
Non-controlling interests
|
2,344,456
|
1,963,000
|
381,057
|
|
5. Earnings per share (based on the net profit
attributable to shareholders of the
Company)
(expressed in RMB per
share)
|
|
|
|
|
- Basic earnings per
share
|
0.71
|
0.12
|
0.65
|
|
- Diluted earnings per
share
|
0.71
|
0.12
|
0.65
|
|
6. Other
comprehensive income (loss)
|
327,180
|
53,179
|
(345,098)
|
|
7. Total
comprehensive income
|
12,667,186
|
2,058,868
|
10,804,575
|
|
Attributable
to:
Shareholders of the
Company
|
10,322,657
|
1,677,799
|
8,842,290
|
|
Non-controlling
interests
|
2,344,529
|
381,069
|
1,962,285
|
For the convenience of the reader, translation of
amounts from Renminbi (Rmb) into United
States dollars (US$) has been made at the rate
of US$1.00=Rmb6.1525 announced by the People's Bank of
China on September 30, 2014. No representation is made
that Renminbi amounts could have been, or could be, converted into
United States dollars at that rate
as of September 30, 2014, or at any other certain
rate.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/huaneng-power-international-inc-net-profit-for-the-first-three-quarters-of-2014-increases-by-880-341961678.html
SOURCE Huaneng Power International, Inc.