BEIJING, Oct. 27, 2020 /PRNewswire/ -- Huaneng Power
International, Inc. ("HPI", or the "Company") (NYSE: HNP; HKEx:
902; SSE: 600011) today announced its unaudited operating results
prepared in accordance with the PRC GAAP for the nine months ended
September 30, 2020.
For the three quarters of 2020, the Company and its subsidiaries
recorded consolidated operating revenue of RMB 121.823 billion (equivalent to approximately
USD 17.889 billion), representing a
decrease of 4.31% compared to the same period of last year. The net
profit attributable to shareholders of the Company was RMB 9.133 billion (equivalent to approximately
USD 1.341 billion), representing an
increase of 69.34% compared to the same period of last year. The
earnings per share was RMB 0.50 and
earnings per ADS amounted to RMB
20.13 (equivalent to approximately USD 2.957). The increase of Company's net profit
was mainly due to the decrease of fuel prices.
Encl: The unaudited summary financial information of the Company
for the nine months ended September 30,
2020. 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.
~End~
Encl: The unaudited summary financial
information of the Company for the nine months ended September 30, 2020. 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.
About Huaneng Power International, Inc.
Huaneng Power International, Inc. is one of China's largest listed power producers with
controlled generation capacity of 111,971 MW and equity-based
generation capacity of 98,217 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.
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SOURCE Huaneng Power International, Inc.