Huaneng Power (NYSE:HNP)

BEIJING, April 24, 2012 /PRNewswire-Asia/ -- Huaneng Power International, Inc. ("HPI", the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its unaudited results for the three months ended March 31, 2012.

Under the PRC GAAP, the Company realized consolidated operating revenue of RMB 34.261 billion for the first quarter of 2012, representing an increase of 12.70% over the same period last year. Consolidated net profit attributable to the shareholders of the Company was RMB 919 million, representing an increase of 306.33% over the same period last year. The increase is mainly attributable to the following reasons: (1) there had been adjustments to the on-grid tariffs within China after the first quarter of 2011, which reduced the number of the Company's power plants that incurred operating loss from power generation in China; (2) the Company seized the favourable opportunities of the power market in Singapore and its profit from power generation business in Singapore recorded an increase compared to the same period last year; and (3) the Company had effectively controlled the costs, thereby laying a foundation for growth in profit.

Encl: The unaudited summary financial information of the Company for the three months ended March 31, 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.

BEIJING, March 21, 2012 /PRNewswire-Asia/ -- Huaneng Power International, Inc. ("HPI", the "Company") (NYSE: HNP, FHKEx: 902, FSSE: 600011) today announced its audited annual operating results for the twelve months ended December 31, 2011 prepared under the International Financial Reporting Standards, in which the Company recorded consolidated operating revenue of RMB 133.421 billion (equivalent to approximately USD 21.175 billion, based on the exchange rate of USD 1 to RMB 6.3009 as of December 31, 2011), representing an increase of 27.90% over 2010, and net profit attributable to equity holders of the Company of RMB 1.181 billion (equivalent to approximately USD 0.187 billion), representing a decrease of 64.74% over 2010. Earnings per share amounted to RMB 0.08 (equivalent to approximately USD 0.01), and earnings per ADS amounted to RMB 3.20 (equivalent to approximately USD 0.51). The Board is satisfied with the Company's operating results in 2011.

The Board of the Company proposed to declare a cash dividend of RMB 0.05 (inclusive of tax) for each ordinary share of the Company held by shareholders.

In 2011, the Company attained new progress on many aspects including power generation, energy saving and environmental protection, project development and oversea operation. In respect of domestic operations, despite the unfavorable conditions from sustained increases in fuel prices and Renminbi lending rates, the management and employees of the Company seized opportunities, worked diligently to tackle the adversities, and fulfilled the duties of providing sufficient, reliable and green energy to the society. In respect of overseas operation, the operating results of Tuas Power in Singapore in 2011 improved significantly, thus making important contributions to the overall profit of the Company.

In 2012, the Company will strive to make the annual domestic generating units utilization hours reach 5,600 hours, thus enabling the Company's domestic power plants to achieve an annual power generation of 340 billion kWh. Meanwhile, the Company is to impose more stringent control of fuel costs, and make endeavors to explore new coal resources and supply channels. The major direction for the Company is to maintain the position of its core business, adjust power structure, enhance efficiency and risk control; to strengthen capital management, enhance financial analysis ability, and improve risk controls and cost controls. At the same time, the Company will gradually accelerate the transformation of its development mode for future developments, and further consolidate and optimize its geographical coverage. The Company will fine tune the development plan for thermal power generation, and aggressively invest in development and construction of power projects in gas, wind and hydro power, aiming to enhance the quality and efficiency of the development.

BEIJING, December 21, 2011 /PRNewswire-Asia/ -- Huaneng Power International, Inc. ("HPI", the "Company") (NYSE:HNP; HKEx:902; SSE:600011) announced today that Huaneng Chongqing Liang Jiang Gas-fired Combined Cooling-Heating-Power Project (the "Project") (which is wholly owned by the Company) has recently received approval from Chongqing Municipal Development and Reform Commission.

The Project will build 5 x 300 MW (F grade) combined cycle gas turbine cogeneration units. The total investment amount of the Project is estimated to be approximately RMB6.739 billion, of which 20% is equity capital to be contributed by the Company from its own internal funds, and the remaining investment is to be funded by bank loans.

The primary sources of funding for the Company and its subsidiaries have been cash provided by internal funds from operating activities, short-term and long-term loans and proceeds from issuances of bonds, and the primary use of funds have been for working capital, capital expenditure and repayments of short-term and long-term borrowings.

GeoTeam Note: We believe that HNP will consider tapping the equity markets. Notice that the the 2009 20F did not contain a comment that the company would need access to equity markets:

The Company expects to have significant capital expenditures in the next few years. During the course, the Company will make active efforts to improve project planning process on commercially viable basis. The Company will also actively develop newly planned projects to pave the way for its long-term growth. The Company expects to finance the above capital expenditures through internal funding, debt financing and cash flows provided by operating activities.

BEIJING, March 30, 2011 /PRNewswire-Asia/ -- Huaneng Power International, Inc. is pleased to announce the audited annual operating results for the twelve months ended 31 December 2010 prepared under the International Financial Reporting Standards, in which the Company recorded

• consolidated operating revenue of RMB104.318 billion (equivalent to approximately USD15.752 billion, based on the USD-RMB exchange rate of USD1 to RMB6.6227 as at 31 December 2010), representing an increase of 35.72% over 2009,
• and net profit attributable to equity holders of the Company of RMB3.348 billion (equivalent to approximately USD506 million), representing a decrease of 32.08% over 2009.
• Earnings per share amounted to RMB0.28 (equivalent to approximately USD0.04), and earnings per ADS amounted to RMB11.20 (equivalent to approximately USD1.69).

 The Board is satisfied with the Company's operating results in 2010.