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.
~ End ~
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: zqb@hpi.com.cn
Wonderful Sky Financial Group Limited
Ms.
Serena Ou / Ms.
Shiloh Xiang
Tel: (852) 2851
1038
Fax: (852) 2865 1638
Email: serenaou@wsfg.hk / shilohxiang@wsfg.hk
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SOURCE Huaneng Power International, Inc.