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
Wonderful Sky Financial Group Limited
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SOURCE Huaneng Power International, Inc.