March 22, 2016 - 12:11 PM EDT
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Huaneng Power International, Inc.: RMB 13.652 Billion Net Profit Attributed to Equity Holders of the Company in 2015; Increased by 26.91% Compared to the Same Period Last Year

BEIJING, March 22, 2016 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI" or "the Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its audited annual operating results for the twelve months ended December 31, 2015 prepared under the International Financial Reporting Standards, in which the Company recorded consolidated operating revenue of RMB128.905 billion (equivalent to approximately USD19.851 billion, based on the exchange rate of USD1 to RMB6.4936 as of December 31, 2015), representing an increase of 2.79% compared to the same period last year, and net profit attributable to equity holders of the Company amounted to RMB13.652 billion, representing an increase of 26.91% compared to the same period last year. Earnings per share amounted to RMB0.94 (equivalent to approximately USD 0.15), and earnings per ADS amounted to RMB37.60 (equivalent to approximately USD 5.79). The Board is satisfied with the Company's results last year.

The Board of the Company proposed to declare a cash dividend of RMB0.47 (inclusive of tax) for each ordinary share of the Company held by shareholders.

In 2015, the Company actively responded to the new environment and new demand arising from the development of the power market, implemented and progressed the relevant work, maintained stable overall production safety and made efforts on cost control. The operating result of the Company reached a record high while the Company continued to fulfill the duties of providing sufficient, reliable and green power to the society.

Total power generated by the Company's domestic operating power plants for the year on consolidated basis amounted to 320.529 billion kWh, representing an increase of 8.9% year-on-year. The electricity sold amounted to 301.979 billion kWh, representing an increase of 8.8% year-on-year. Newly acquired entities and newly operated generating units mainly contributed to the power generation growth of the Company. The annual average utilization hours of the Company's domestic power plants reached 4,147 hours. In most of the areas where the Company's coal-fired power plants are located, the utilization hours of the Company was in a leading position within those areas.

By reinforcing cooperation with major coal mines, the Company fine-tuned its pricing mechanism. Seizing opportunities arising from the market, the Company continuously explored new coal resources and conducted spot tender procurement, in an effort to effectively control the fuel procurement costs of the Company. The annual fuel costs per unit of power sold of the Company's domestic power plants was RMB173.67/MWh, representing a decrease of 13.68% compared to the same period last year.

In 2015, the Company continued to lead its peers in terms of production safety, technical, economic and energy consumption indicators. The average equivalent availability ratio of coal-fired units of the Company's domestic power plants was 94.40% and its weighted average house consumption rate was 4.60%. The average yearly coal consumption rate of the Company's coal-fired units for the power generated was 290.96 grams/kWh, which was 1.23 grams/kWh lower than that of the same period last year. The average yearly coal consumption rate of the Company's coal-fired units for the power sold was 308.56 grams/kWh, representing a decrease of 0.86 grams/kWh from that of the same period last year.

In 2015, the controlled generating capacity of the newly commissioned coal-fired, gas turbine, wind generating units, hydropower units and photovoltaic generating units of the Company was 2,370 MW, 859 MW, 714 MW, 40 MW and 5 MW, respectively. As of 21 March 2016, the Company's controlled and equity-based generating capacities were 82,331 MW and 74,399 MW, respectively.

In November 2015, the Company completed the non-public issuance of a total of 780,000,000 new H Shares at the issue price of HK$7.32 each, with total proceeds of approximately HK$5.71 billion from the issuance. Upon completion of the issuance, the total issued shares of the Company increased from

14,420,383,440 shares to 15,200,383,440 shares, and the total issued H Shares increased from 3,920,383,440 shares to 4,700,383,440 shares.

In 2016, the Company will further enhance its market awareness, reformation awareness, innovation awareness and risk awareness. Under the guidance of the"Thirteenth Five-Year Plan", more emphasis will be attached to market competition, green development and standardized management, in an effort to constantly improve the profitability, competitive strength and sustainable development capability of the Company, to develop itself into an international first-class listed power generation company.

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Encl:  The 2015 consolidated financial information of the Company and its subsidiaries prepared under IFRS: http://photos.prnasia.com/prnk/20160322/8521601907

About the Company

The Company is one of China's largest listed power producers with controlled generation capacity of 82,331MW and equity-based generation capacity of 74,399MW currently. 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 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. Serena Ou / Ms. Shiloh Xiang
Tel: (852) 2851 1038
Fax: (852) 2865 1638
Email: [email protected] / [email protected]  

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/huaneng-power-international-inc-rmb-13652-billion-net-profit-attributed-to-equity-holders-of-the-company-in-2015-increased-by-2691-compared-to-the-same-period-last-year-300239661.html

SOURCE Huaneng Power International, Inc.


Source: PR Newswire (March 22, 2016 - 12:11 PM EDT)

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