Net Profit Attributable to the Company's Shareholders for 2013 First Three Quarters Increased by 119.01% YOY
BEIJING, Oct. 22, 2013 /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, 2013.
Under the PRC GAAP, the Company realized consolidated operating revenue of RMB 99.238 billion for the first three quarters of 2013, representing a decrease of 0.88% over the same period last year. Consolidated net profit attributable to the shareholders of the Company was RMB 9.187 billion, representing an increase of 119.01% over the same period last year. The increase of Company's net profit was mainly attributable to the drop in fuel cost over the same period last year and effective control of other costs and fees.
Encl: The unaudited summary financial information of the Company for the nine months ended September 30, 2013. 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 66,341 MW and equity-based generation capacity of 59,155 MW. 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: [email protected]
Wonderful Sky Financial Group Limited
Ms. Olive Zhang / Ms. Erica Tao / Mr. Henry Li / Ms. Irene Gao
Tel: (852)-2851-1038
Fax: (852)-2865-1638
Email: [email protected] / [email protected] / [email protected] / [email protected]
| HUANENG POWER INTERNATIONAL, INC. UNAUDITED CONSOLIDATED BALANCE SHEETS AS AT 30 SEPTEMBER, 2013 |
||||
| (Amounts expressed in thousands) |
||||
| As at |
As at |
|||
| RMB |
US$ |
RMB |
||
| ASSETS |
||||
| CURRENT ASSETS |
||||
| Cash |
10,387,169 |
1,689,520 |
10,624,497 |
|
| Held for trading financial assets |
- |
- |
93,753 |
|
| Derivative financial assets |
41,456 |
6,743 |
55,268 |
|
| Notes receivable |
689,328 |
112,122 |
357,590 |
|
| Accounts receivable |
12,477,691 |
2,029,553 |
14,942,374 |
|
| Advances to suppliers |
791,192 |
128,691 |
1,010,888 |
|
| Interest receivables |
25 |
4 |
65 |
|
| Dividends receivable |
415,026 |
67,506 |
50,000 |
|
| Other receivables |
900,153 |
146,414 |
939,847 |
|
| Inventories |
6,112,856 |
994,284 |
7,022,384 |
|
| Current portion of non-current assets |
14,271 |
2,321 |
13,745 |
|
| Other current assets |
35,709 |
5,809 |
34,661 |
|
| Total current assets |
31,864,876 |
5,182,967 |
35,145,072 |
|
| NON-CURRENT ASSETS |
||||
| Available-for-sale financial assets |
1,712,772 |
278,590 |
1,769,435 |
|
| Derivative financial assets |
6,478 |
1,054 |
13,723 |
|
| Long-term receivables |
713,446 |
116,045 |
823,941 |
|
| Long-term equity investment |
17,529,232 |
2,851,209 |
15,653,316 |
|
| Fixed assets |
158,243,376 |
25,739,001 |
159,363,081 |
|
| Fixed assets pending for disposal |
31,105 |
5,059 |
93,245 |
|
| Construction-in-progress |
19,221,270 |
3,126,427 |
17,947,373 |
|
| Construction materials |
2,283,710 |
371,456 |
708,874 |
|
| Intangible assets |
10,171,010 |
1,654,361 |
10,362,011 |
|
| Goodwill |
12,748,664 |
2,073,628 |
13,839,913 |
|
| Long-term deferred expenses |
151,149 |
24,585 |
158,096 |
|
| Deferred income tax assets |
676,022 |
109,958 |
672,840 |
|
| Other non-current assets |
315,015 |
51,237 |
310,949 |
|
| Total non-current assets |
223,803,249 |
36,402,610 |
221,716,797 |
|
| TOTAL ASSETS |
255,668,125 |
41,585,577 |
256,861,869 |
|
| LIABILITIES AND SHAREHOLDERS' EQUITY |
||||
| CURRENT LIABILITIES Short-term loans |
26,438,488 |
4,300,340 |
27,442,076 |
|
| Derivative financial liabilities |
65,839 |
10,709 |
88,641 |
|
| Notes payable |
212,888 |
34,627 |
54,874 |
|
| Accounts payable |
9,059,421 |
1,473,556 |
7,299,387 |
|
| Advances from customers |
68,713 |
11,177 |
161,329 |
|
| Salary and welfare payables |
271,595 |
44,176 |
217,967 |
|
| Taxes payable |
917,222 |
149,190 |
(207,186) |
|
| Interest payables |
1,122,845 |
182,636 |
897,839 |
|
| Dividends payable |
319,174 |
51,915 |
70,839 |
|
| Other payables |
9,965,629 |
1,620,955 |
10,246,266 |
|
| Current portion of non-current liabilities |
11,207,970 |
1,823,027 |
9,056,703 |
|
| Provision |
176,527 |
28,713 |
157,263 |
|
| Other current liabilities |
25,928,456 |
4,217,380 |
35,796,676 |
|
| Total current liabilities |
85,754,767 |
13,948,401 |
91,282,674 |
|
| NON-CURRENT LIABILITIES |
||||
| Long-term loans |
67,598,861 |
10,995,260 |
72,564,824 |
|
| Derivative financial liabilities |
428,700 |
69,730 |
837,005 |
|
| Bonds payable |
25,400,718 |
4,131,542 |
22,884,688 |
|
| Long-term payables |
171,367 |
27,874 |
255,889 |
|
| Specific accounts payable |
65,613 |
10,672 |
50,865 |
|
| Deferred income tax liabilities |
1,748,848 |
284,458 |
1,776,203 |
|
| Other non-current liabilities |
2,268,117 |
368,919 |
2,291,481 |
|
| Total non-current liabilities |
97,682,224 |
15,888,455 |
100,660,955 |
|
| TOTAL LIABILITIES |
183,436,991 |
29,836,856 |
191,943,629 |
|
| SHAREHOLDERS' EQUITY |
||||
| Share capital |
14,055,383 |
2,286,172 |
14,055,383 |
|
| Less: Treasury Stock |
- |
- |
- |
|
| Capital surplus |
16,628,355 |
2,704,677 |
17,034,532 |
|
| Special reserves |
61,721 |
10,039 |
37,496 |
|
| Surplus reserves |
7,131,700 |
1,160,003 |
7,131,700 |
|
| Undistributed profits |
23,346,542 |
3,797,421 |
17,357,616 |
|
| Currency translation differences |
(609,808) |
(99,188) |
(35,937) |
|
| Shareholder's equity attributable to shareholders of the Company |
60,613,893 |
9,859,124 |
55,580,790 |
|
| Non-controlling interests |
11,617,241 |
1,889,597 |
9,337,450 |
|
| Total shareholders' equity |
72,231,134 |
11,748,721 |
64,918,240 |
|
| TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY |
255,668,125 |
41,585,577 |
256,861,869 |
|
| 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$1.00=Rmb6.1480 announced by the People's Bank of China on 30 September, 2013. No representation is made that Renminbi amounts could have been, or could be, converted into United States dollars at that rate as of 30 September, 2013, or at any other certain rate. |
||||
| HUANENG POWER INTERNATIONAL, INC. FOR THE NINE MONTHS ENDED 30 SEPTEMBER, 2013 (Amounts expressed in thousands, except per share data) |
||||
| For the nine months ended 30 September |
||||
| 2013 |
2012 |
|||
| RMB |
US$ |
RMB |
||
| 1. Operating revenue |
99,237,917 |
16,141,496 |
100,116,967 |
|
| Less: Operating cost |
75,385,540 |
12,261,799 |
84,505,228 |
|
| Tax and levies on operations |
808,990 |
131,586 |
475,892 |
|
| Selling expenses |
7,788 |
1,267 |
4,551 |
|
| General and administrative expenses |
2,386,932 |
388,245 |
2,153,679 |
|
| Financial expenses |
5,666,363 |
921,660 |
6,743,495 |
|
| Assets impairment loss (reversal) |
647,805 |
105,368 |
60,726 |
|
| Add: Income (loss) on fair value changes |
(967) |
(157) |
(5,841) |
|
| Investment income |
697,057 |
113,379 |
655,434 |
|
| Including: Investment income from |
477,577 |
77,680 |
469,503 |
|
| 2. Operating profit |
15,030,589 |
2,444,793 |
6,822,989 |
|
| Add: Non-operating income |
316,289 |
51,446 |
337,125 |
|
| Less:Non-operating expenses |
354,700 |
57,693 |
147,555 |
|
| Including: Loss on disposals of |
227,998 |
37,085 |
74,392 |
|
| 3. Profit before taxation |
14,992,178 |
2,438,546 |
7,012,559 |
|
| Less: Income tax expense |
3,842,504 |
625,001 |
2,016,707 |
|
| 4. Net profit |
11,149,674 |
1,813,545 |
4,995,852 |
|
| Attributable to: |
||||
| Shareholders of the Company |
9,186,674 |
1,494,254 |
4,194,570 |
|
| Non-controlling interests |
1,963,000 |
319,291 |
801,282 |
|
| 5. Earnings per share (based on the net profit attributable to shareholders of the Company) |
||||
| - Basic earnings per share |
0.65 |
0.106 |
0.30 |
|
| - Diluted earnings per share |
0.65 |
0.106 |
0.30 |
|
| 6. Other comprehensive income (loss) |
(345,098) |
(56,132) |
455,590 |
|
| 7. Total comprehensive income |
10,804,576 |
1,757,413 |
5,451,442 |
|
| Attributable to: |
||||
| Shareholders of the Company |
8,842,291 |
1,438,239 |
4,648,849 |
|
| Non-controlling interests |
1,962,285 |
319,174 |
802,593 |
|
| 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=Rmb6.1480 announced by the People's Bank of China on 30 September, 2013. No representation is made that Renminbi amounts could have been, or could be, converted into United States dollars at that rate as of 30 September, 2013, or at any other certain rate. |
||||
SOURCE Huaneng Power International, Inc.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article