Datang Power Announces Results for the First Quarter of 2011

HONG KONG, April 26, 2011 /PRNewswire-Asia/ -- Datang International Power Generation Co., Ltd. ("Datang Power" or the "Company") (HKEx: 991; SSE: 601991; LSE: DAT; ADR: DIPGY) announced the unaudited operating results of the Company and its subsidiaries (the "Group") for the three months ended 31 March 2011 (the "Period").  

During the Period, the consolidated operating revenue of the Group amounted to RMB15.642 billion, representing an increase of 6.37% over the corresponding period of the previous year. Net profit attributable to shareholders of the Company amounted to RMB87.197 million (Corresponding period in 2010: RMB15.536 million). Basic earnings per share amounted to RMB0.0071 (Corresponding period in 2010: RMB0.0013).

Mr. Liu Shunda, Chairman of Datang Power, said, "During the Period, net profit of the Company increased significantly over the corresponding period of the previous year, mainly because of the increase in installed capacity and on-grid electricity which led to an increase in revenue over the corresponding period of the previous year; as well as an increase in profits of non-power businesses."

During the period, total power generation of the Group amounted to 46.0327 billion kWh, representing an increase of 24.73% when compared to the corresponding period of the previous year. Total on-grid power generation of the Group amounted to 43.3685 billion kWh, representing an increase of 25.13% when compared to the corresponding period of the previous year. The significant increase in power generation of the Group over the corresponding period of the previous year was mainly attributable to an increase in capacity of the operational generating units of the Group and an increase in the demand for electricity in the service areas of the Group.

Looking forward to 2011, Mr. Liu said, "During the period of the "Twelfth Five-year Plan", the Company will gather its strengths to build a number of assets bases with core competitiveness, including the Western Inner Mongolia Coal-Electricity-Aluminum Profit Base, the Eastern Inner Mongolia Chemical Profit Base, the Pan-Bohai Co-generation Profit Base, the Southwestern Hydropower Profit Base, the Southeastern Coastal Coal-Fired Power Profit Base, and the New Energy Power Generation Profit Base, with a view to strengthening the capabilities of important regions and enhancing the Company's brand and profitability."

Datang International Power Generation Co., Ltd.

Datang International Power Generation Co., Ltd. is one of the largest independent power producers in China. As at 31 December 2010, the Company's total installed capacity in operation amounted to 36,300.3 MW. The Company has been listed on The Stock Exchange of Hong Kong Limited and the London Stock Exchange respectively since March 1997. Since September 2001, the Company's American Depositary Receipts (ADRs) have been traded in the U.S. over-the-counter market. The Company has been successfully listed on the Shanghai Stock Exchange since December 2006.

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SOURCE Datang International Power Generation Co., Ltd.