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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Huaneng Power International Inc | NYSE:HNP | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 21.51 | 0 | 01:00:00 |
This announcement is made by the Company pursuant to the requirements of Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock
Exchange of Hong Kong Limited and the inside information provisions under Part XIVA of the Securities and Futures Ordinance (Cap.571, the Laws of Hong Kong).
According to Rule 11.3.1 of the Rules Governing the Listing of Stocks on Shanghai Stock Exchange, a listed company is required to announce its estimated
annual results within one month after the end of its financial year (i.e., before January 31 of each year) if the annual net profit of the listed company is estimated to increase or decrease by more than 50% over the same period last year.
Therefore, this announcement is also made pursuant to Rules 13.10B of the Listing Rules.
The information contained in this announcement is only a preliminary estimate of the Company and is not audited by the Company’s certified public
accountants. Detailed financial information of the Company will be disclosed in the 2020 Annual Report of the Company. Potential investors and shareholders of the Company should exercise caution when dealing in the shares of the Company.
The Company and all members of the Board of Directors hereby confirm that this announcement does not contain any false representation, misleading
statement or material omission and hereby confirm the truthfulness, accuracy and completeness of the contents of this announcement and jointly accept full responsibility.
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I. |
ESTIMATED RESULTS FOR THE REPORTING PERIOD
|
|
(1) |
Period to which the estimated results applies
|
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(2) |
Estimated results
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|
1. |
According to the preliminary estimate, the net profit attributable to the shareholders of the Company in 2020 as compared to the same period of the previous year (before
restatement) is expected to increase by RMB2.44 billion to RMB2.94 billion, representing a year-on-year increase of 145% to 174%, and as compared to the same period of the previous year (after restatement) is expected to increase by RMB2.56
billion to RMB3.06 billion, representing a year-on-year increase of 163% to 195%. The annual net profit attributable to the Company’s shareholders based on the International Financial Reporting Standards will be different due to the
adjustments from PRC Accounting Standards to International Financial Reporting Standards.
|
|
2. |
As compared with the same period of the previous year (before or after restatement), the net profit attributable to shareholders of the Company after deducting non-recurring
gains and losses will increase by RMB3.18 billion to RMB3.68 billion, representing a year-on-year increase of 408% to 472%.
|
|
(3) |
The estimated results have not been audited by certified public accountants. The information contained in this announcement is only a preliminary estimate by the Company.
Detailed financial information of the Company will officially be disclosed after audit in the 2020 Annual Report of the Company.
|
II. |
RESULTS OF THE CORRESPONDING PERIOD LAST YEAR
|
|
(1) |
The net profit attributable to shareholders of the Company calculated in accordance with the PRC Accounting Standards is RMB1,686,459,523 before the restatement, and
RMB1,565,963,764 after the restatement. The net profit attributable to the shareholders of the Company after deducting non-recurring gains and losses calculated in accordance with the PRC Accounting Standards, whether before or after the
restatement, is RMB780,116,447.
|
|
(2) |
Earnings per share according to the PRC Accounting Standards: RMB0.06 (before restatement), and
RMB0.06 (after restatement).
|
III. |
REASONS FOR THE ESTIMATED PROFIT INCREASE
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IV. |
RISK WARNING
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V. |
OTHER MATTERS
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By Order of the Board
Huaneng Power International, Inc.
Huang Chaoquan
Company Secretary
|
Zhao Keyu (Executive Director)
Zhao Ping (Executive Director)
Huang Jian (Non-executive Director)
Wang Kui (Non-executive Director)
Lu Fei (Non-executive Director)
Teng Yu (Non-executive Director)
Mi Dabin (Non-executive Director)
Cheng Heng (Non-executive Director)
Li Haifeng (Non-executive Director)
Lin Chong (Non-executive Director)
|
Xu Mengzhou (Independent Non-executive Director)
Liu Jizhen (Independent Non-executive Director)
Xu Haifeng (Independent Non-executive Director)
Zhang Xianzhi (Independent Non-executive Director)
Xia Qing (Independent Non-executive Director)
|
HUANENG POWER INTERNATIONAL, INC.
|
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By /s/ Huang Chaoquan
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Name: Huang Chaoquan
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Title: Company Secretary
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1 Year Huaneng Power Chart |
1 Month Huaneng Power Chart |
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