BEIJING, March 22, 2022 /PRNewswire/ -- Huaneng Power
International, Inc. (hereinafter referred to as the "Company")
(NYSE: HNP; HKEx: 902; SSE: 600011) announces the audited operating
results of the Company for the year ended 31
December 2021 prepared in accordance with IFRS
(International Financial Reporting Standards): the Company realized
consolidated operating revenue of RMB204.605
billion (calculated based on the conversion price of USD to
RMB on December 31, 2021,
1 US dollar to RMB6.3757, equivalent to approximately US
$32.091 billion), representing an
increase of 20.75% compared to the same period last year, and net
profit attributable to equity holders of the Company amounted to
RMB-10.636 billion (equivalent to
approximately US $-1.668 billion),
representing a decrease of 547.27% as compared with the same period
last year. Earnings per share amounted to RMB-0.81 (equivalent to approximately US
$-0.13). Earnings per American
Depositary Share (ADS) amounted to RMB-32.55 (equivalent to approximately
US$-5.105). The main reason for the
decrease in profit was that the increase in coal prices negatively
affected the profit of domestic power business.
In accordance with the Company's Articles of Association, the
Board proposed no dividend for 2021 due to the negative net profit
attributable to equity holders of the company achieved in 2021,
comprehensive consideration of the investment needs of the
Company's transformation and development as well as the increase in
the Company's gearing ratio in 2021. The proposal has been reviewed
and approved by the Board and the Supervisory Committee of the
Company and will be submitted to the annual general meeting of the
Company for deliberation.
In 2021, facing up to the risk of the Covid-19 pandemic and the
market environment of sharply rising coal prices, the Company fully
coordinated the work of epidemic prevention and control, production
and operation, transformation and development. Throughout the year,
safety production maintained steady, electricity and heat supply
were stable, the pace of transformation and upgrading was
accelerated, and scientific innovation achieved new progress. We
have completed the major objectives of the year, and actively
fulfilled the responsibility of providing sufficient, reliable, and
environmentally friendly electricity to the society.
In 2021, based on the principle of maximizing overall interests,
the company strengthened market analysis, adhered to the overall
planning of volume and price, made every effort on market
transactions, strived to generate more and more profitable
electricity, and took advantage of the policy opportunity of
expanding the floating range of electricity prices to timely
optimize marketing strategies, so that both the electricity and
heat supply achieved increase in volume and price. Total power
generated by the Company's domestic operating power plants on
consolidated statements basis amounted to 457.336 billion/kWh,
representing a year on-year increase of 13.20%. The electricity
sold amounted to 430.165 billion/kWh, representing a year-on-year
increase of 13.23%. The annual average utilization hours of the
Company's domestic power plants reached 4,058 hours, representing a
year-on-year increase of 314 hours. The utilization hours of
coal-fired power generating units was 4,488 hours, representing a
year-on -year increase of 429 hours. The utilization hours of most
of the Company's coal-fired power plants were leading in its
corresponding areas respectively. Total heat supplied by the
Company's domestic operating power plants on consolidated
statements basis amounted to 297 million GJ, representing a
year-on-year increase of 12.64%.
In 2021, the Company procured an aggregate of 203 million tons
of coal throughout the year. Facing up to the tense market
environment of coal supply and demand, the Company tracked the
trend of the coal market in real time, made full use of policy
support, actively seized market opportunities, optimized
procurement strategy and regional supply structure, reinforced
cooperation with key coal enterprises, and targeted high-quality
low-cost resources on an advanced basis and strived to control coal
procurement costs. However, due to the sharp rise in coal prices,
the Company's unit fuel cost throughout the year incurred for sales
of power rose to RMB316.36/MWh, a
year-on-year increase of 51.32%.
In 2021, the Company maintained a leading position among major
domestic thermal power producers in terms of production safety,
technical economy and energy consumption indicators throughout the
year. The average equivalent availability ratio of the domestic
thermal generating units of the Company was 93.26%, coal
consumption of production power supply was 290.69g/kWh and the
house consumption rate of plants was 4.34%. With respect to air
pollution emissions, the power plants of the Company have carried
out ultra-low-emissions transformation as planned with marked
results. All of them have met or outperformed the national emission
standards. With respect to treatment of wastewater discharge and
coal yards and ash yards, the Company has allocated funds to carry
out environmental technological transformation projects such as
wastewater treatment, coal yard closure, and ash yard
transformation in power plants in key regions. All power plants
have accelerated the process of environmental protection
transformation projects to ensure that pollutant emissions meet the
strict requirements of sewage discharge permission and other
ecological and environmental protection policies.
In 2021, the controlled generation capacity of the newly
commissioned thermal generating units, wind generating units, solar
power units and biomass units was 2,000 MW, 2,403.45 MW, 799 MW and
30 MW respectively. As of December 31,
2021, the Company's controlled and equity-based generation
capacity was 118,695 MW and 103,875 MW, respectively.
In 2021, Tuas Power Ltd., a wholly-owned subsidiary of the
Company in Singapore, maintained
safe and stable operation of the generation units throughout the
year. The total market share of Tuas Power in the power generation
market for the whole year was 19.2%. The Singapore business recorded a pre-tax profit
of RMB163 million for 2021, a
year-on-year increase of 32 million.
Sahiwal coal-fired power plant in Pakistan is the first large-scale coal-fired
power plant in the China-Pakistan Economic Corridor to be put into
operation, which has greatly eased the power shortage in
Pakistan. The Pakistan business recorded a pre-tax profit of
RMB776 million for 2021, representing
an increase of RMB38 million compared
to the same period of last year.
In 2022, the Company will continue to implement the four
strategies of green development, innovative development, safe
development, and excellent operation, focus on improving the "five
capabilities" of transformation and development, independent
innovation, operation management, risk prevention and international
management, and thoroughly implement the company's development
strategy, and strive to create a new situation of high-quality
development of the Company.
~ End ~
Appendix: Consolidated financial information of the Company and
its subsidiaries for 2021 prepared in accordance with the
International Financial Reporting Standards.
https://mma.prnewswire.com/media/1771606/HPI_SEC_20211231.pdf
About Huaneng Power International, Inc.
Huaneng Power International, Inc. is one of China's largest listed power producers with
controlled generation capacity of 118,695 MW and equity-based
generation capacity of 103,875 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.
Hester Li
Tel: (852) 3970 2171 / (852)
3970 2239
Fax: (852) 3102 0210
Email: hpi@wsfg.hk
View original
content:https://www.prnewswire.com/news-releases/huaneng-power-international-inc-net-loss-attributable-to-equity-holders-of-the-company-in-2021-amounted-to-rmb-10-636-billion-year-on-year-decrease-547-27-301508116.html
SOURCE Huaneng Power International, Inc.