Consolidated Net Profit Attributable to the Company's Shareholders was RMB3.146 billion
BEIJING, Oct. 19 /PRNewswire-Asia/ -- Huaneng Power International, Inc. (the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its unaudited results for the nine months ended September 30, 2010.
Under the PRC Accounting Standards, for the first three quarters of 2010, the Company realized consolidated operating revenues of RMB76.792 billion, representing an increase of 35.49% over the same period last year. Net profit attributable to equity holders of the Company amounted to RMB3.146 billion, representing a decrease of 23.83% over the same period last year, mainly due to the rising fuel prices.
The State-owned Assets Supervision and Administration Commission of the State Council has recently approved the transfer of equity interests held by Shandong Electric Power Corporation and Shandong Luneng Development Group Company Limited, respectively, in nine state-owned enterprises including, among others, Shandong Zhanhua Co-generation Limited Company, to the Company by way of agreement. Currently, the completion formalities and the changes to the industrial and commercial registration particulars are still processing.
To view the entire release, including the consolidated financial information of Huaneng Power International, Inc. and its subsidiaries prepared under IFRS, as of September 30, 2010, please click on this link: http://www.prnasia.com/sa/attachment/2010/10/20101019273420.pdf
About the Company
The Company is one of China's largest listed power producers with controlled generation capacity of 50,033 MW and equity-based generation capacity of 46,512MW. The power plants of the Company are located in 17 provinces, municipalities and autonomous regions in China. The Company also has a wholly-owned power company in Singapore.
