Oct. 23, 2012
/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, 2012
Under the PRC GAAP, the Company realized consolidated operating revenue of
RMB 100.117 billion
for the first three quarters of 2012, representing an increase of 0.31% over the same period last year. Consolidated net profit attributable to the shareholders of the Company was
RMB 4.195 billion
, representing an increase of 197.40% over the same period last year. The increase of Company's net profit was mainly attributable to the carry-over effect of the tariff adjustment last year and the drop in spot market coal price.
Unit 6 (600MW) of Hunan Huaneng Yueyang Power Plant (of which the Company holds 55% equity interest) and Unit 2 (1,030MW) of Jiangsu Huaneng Jinling Power Plant (of which the Company holds 60% equity interest) had respectively completed trial run recently. In addition, there had been changes to the installed capacity to part of the power plants in which the Company has equity interest. To date, the Company's total controlled generation capacity has increased to 61,947MW from 60,317MW, and total equity-based generation capacity has increased to 56,209MW from 55,357MW.
Encl: The unaudited summary financial information of the Company for the nine months ended
September 30, 2012
. 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
's largest listed power producers with controlled generation capacity of 61,947MW and equity-based generation capacity of 56,209MW. The power plants of the Company are located in 19 provinces, municipalities and autonomous regions in
. The Company also has a wholly-owned power company in
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