FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
The Securities Exchange Act of 1934
For the month of October 2017
(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)
|
Form 20-F
|
X
|
Form 40-F
|
(Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. )
|
Yes
|
No
|
X
|
(If "Yes" is marked, indicate below the file number assigned to registrant in connection with Rule 12g3-2(b): 82-__________. )
N/A
Huaneng Power International, Inc.
Huaneng Building,
6 Fuxingmennei Street,
Xicheng District,
Beijing, 100031 PRC
This Form 6-K consists of:
An announcement regarding 2017 third quarterly report of Huaneng Power International, Inc. (the Registrant”), made by the Registrant on October 25, 2017.
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this document, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this document.
THIRD QUARTERLY REPORT OF 2017
|
Pursuant to the regulations of the China Securities Regulatory Commission, the Company is required to publish a quarterly report for each of the first and third quarters.
All financial information set out in this quarterly report is unaudited and prepared in accordance with the PRC Accounting Standards (“PRC GAAP”).
This announcement is made by the Company pursuant to Rule 13.09 and Rules 13.10B 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 (Chapter 571, Laws of Hong Kong).
|
| 1. |
IMPORTANT NOTICE
|
| 1.1 |
The board of directors and the supervisory committee of Huaneng Power International, Inc. (the “Company”, “Huaneng Power International”) together with the members thereof and the senior management warrant that the information contained in this report does not contain any false statements, misleading representations or material omissions. All of them jointly and severally accept responsibility as to the truthfulness, accuracy and completeness of the content of this report.
|
| 1.2 |
All financial information set out in this quarterly report is unaudited and prepared in accordance with the PRC GAAP.
|
| 1.3 |
Cao Peixi (Chairman), Huang Lixin (person in charge of accounting function) and Li Yinghui (person in charge of the Accounting Department) warrant the truthfulness, accuracy and completeness of the content of the quarterly report.
|
| 1.4 |
This announcement is made by the Company pursuant to Rule 13.09 and Rules 13.10B 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 (Chapter 571, Laws of Hong Kong).
|
- 1 -
| 2 |
BASIC INFORMATION OF THE COMPANY
|
| 2.1 |
Major financial information (PRC GAAP) (unaudited)
|
(Amounts: In RMB Yuan)
|
End of current reporting period
|
End of last year
|
Variance from end of last year
|
||||||||||
|
(Restated)
|
(%)
|
|||||||||||
|
Total assets
|
382,880,874,488
|
379,759,396,092
|
0.82
|
|||||||||
|
Shareholders’ equity attributable to shareholders of the Company
|
76,075,428,309
|
88,361,030,143
|
(13.90
|
)
|
||||||||
|
From the beginning of the year to the end of current reporting period(January to September)
|
From the beginning of the preceding year to the end of the equivalent period (January to September)
|
Variance from equivalent period of last year
|
||||||||||
|
(Restated)
|
(%)
|
|||||||||||
|
Net cash flows generated from operating activities
|
21,562,275,934
|
31,797,965,490
|
(32.19
|
)
|
||||||||
|
From the beginning of the year to the end of current reporting period(January to September)
|
From the beginning of the preceding year to the end of the equivalent period (January to September)
|
Variance from equivalent period of last year
|
||||||||||
|
(Restated)
|
(%)
|
|||||||||||
|
Operating Revenue
|
111,074,350,642
|
100,260,296,223
|
10.79
|
|||||||||
|
Net profit attributable to shareholders of the Company
|
2,860,339,024
|
11,130,913,803
|
(74.30
|
)
|
||||||||
|
Net profit after deducting non-recurring items attributable to shareholders of the Company
|
1,844,540,871
|
9,286,317,317
|
(80.14
|
)
|
||||||||
|
Return on net assets (weighted average) (%)
|
3.93
|
%
|
12.66
|
%
|
Decreased by 8.73percentage points
|
|||||||
|
Basic earnings per share (RMB per share)
|
0.19
|
0.73
|
(73.97
|
)
|
||||||||
|
Diluted earnings per share (RMB per share)
|
0.19
|
0.73
|
(73.97
|
)
|
||||||||
- 2 -
Non-recurring items and amounts:
Applicable 
Not applicable(Amounts: In RMB Yuan)
|
Items
|
Total amount of Current reporting period (July to September)
|
Total amount from the beginning of the year to the end of current reporting period (January to September)
|
Notes
|
||||||
|
Gains from disposal of non-current assets
|
16,252,139
|
16,280,586
|
|||||||
|
Government grant recorded in income statement, excluding government grant closely related to the Company’s business and calculated according to national unified standards
|
99,665,834
|
252,498,969
|
|||||||
|
Gains from the changes in fair value from held-for-trading financial assets, held-for-trading financial liabilities other than those hedging instruments relating to normal business, and investment income from disposal of held-for-trading financial assets, held-for-trading financial liabilities and available-for-sale financial assets
|
951,268,035
|
941,230,130
|
For the nine months ended 30 September 2017, this item mainly includes gains from disposal of shares of China Yangtze Power Co., Ltd.
|
||||||
|
Reversal of provision for doubtful accounts receivable individually tested for impairments
|
–
|
7,215
|
|||||||
|
Other non-operating income and expenses excluding the above items
|
(4,189,270
|
)
|
62,666,970
|
Other non-operating expenses excluding the above items mainly include donations, fines etc. of the Company and its subsidiaries for the nine months ended 30 September 2017.
|
|||||
|
Other non-recurring items
|
82,388,494
|
80,204,617
|
Other non-recurring items mainly include interest income on loans to joint ventures and associates, entrusted management fee and trusteeship management income and income on disposal of subsidiaries.
|
||||||
|
Impact of non-controlling interests, net of tax
|
(21,861,485
|
)
|
(39,749,251
|
)
|
|||||
|
Tax impact of non-recurring items
|
(250,540,062
|
)
|
(297,341,083
|
)
|
|||||
|
Total
|
872,983,685
|
1,015,798,153
|
|||||||
- 3 -
| 2.2 |
Total number of shareholders, ten largest shareholders and shareholding of top ten holders of circulating shares whose shares are not subject to any selling restrictions as at the end of the reporting period
|
Unit: share
|
Total number of shareholders
|
96,642
|
|
Top ten holders of shares
|
||||||||||||||||||
|
Status on charges or pledges etc.
|
||||||||||||||||||
|
Name (in full) of shareholders
|
Number of shares held at end of reporting period
|
Percentage(%)
|
Number of shares held with selling restriction
|
Status of shares
|
Number
|
Nature of shareholders
|
||||||||||||
|
Huaneng International Power Development Corporation
|
5,066,662,118
|
33.33
|
0
|
Nil
|
–
|
State-owned entity
|
||||||||||||
|
HKSCC Nominees Limited
|
3,953,323,979
|
26.01
|
0
|
Nil
|
–
|
Foreign entity
|
||||||||||||
|
China Huaneng Group
|
1,555,124,549
|
10.23
|
0
|
Nil
|
–
|
State-owned entity
|
||||||||||||
|
Hebei Construction & Investment Group Co., Ltd.
|
527,548,946
|
3.47
|
0
|
Nil
|
–
|
State-owned entity
|
||||||||||||
|
China Hua Neng Group Hong Kong Limited
|
472,000,000
|
3.11
|
0
|
Nil
|
–
|
Foreign entity
|
||||||||||||
|
Jiangsu Provincial Investment & ManagementLimited Liability Company
|
416,500,000
|
2.74
|
0
|
Nil
|
–
|
State-owned entity
|
||||||||||||
|
China Securities Finance Corporation Limited
|
413,567,472
|
2.72
|
0
|
Nil
|
–
|
State-owned entity
|
||||||||||||
|
Liaoning Energy Investment (Group) Limited Liability Company
|
388,619,936
|
2.56
|
0
|
Nil
|
–
|
State-owned entity
|
||||||||||||
|
Fujian Investment Development Group Liability Company
|
372,818,249
|
2.45
|
0
|
Nil
|
–
|
State-owned entity
|
||||||||||||
|
Dalian Municipal Construction Investment Company Limited
|
301,500,000
|
1.98
|
0
|
Charges
|
150,750,000
|
State-owned entity
|
||||||||||||
- 4 -
|
Top ten holders of circulating shares whose shares are not subject to selling restrictions
|
|||||||||
|
Name (in full) of shareholders
|
Number of shares in circulation without any selling restrictions as at the end of the reporting period
|
Type and number of shares
|
|||||||
|
Type
|
Number
|
||||||||
|
Huaneng International Power Development Corporation
|
5,066,662,118
|
RMB denominated ordinary shares
|
5,066,662,118
|
||||||
|
HKSCC Nominees Limited
|
3,953,323,979
|
Overseas listed foreign invested shares
|
3,953,323,979
|
||||||
|
China Huaneng Group
|
1,555,124,549
|
RMB denominated ordinary shares
|
1,555,124,549
|
||||||
|
Hebei Construction & Investment Group Co., Ltd.
|
527,548,946
|
RMB denominated ordinary shares
|
527,548,946
|
||||||
|
China Hua Neng Group Hong Kong Limited
|
472,000,000
|
Overseas listed foreign invested shares
|
472,000,000
|
||||||
|
Jiangsu Provincial Investment & Management Limited Liability Company
|
416,500,000
|
RMB denominated ordinary shares
|
416,500,000
|
||||||
|
China Securities Finance Corporation Limited
|
413,567,472
|
RMB denominated ordinary shares
|
413,567,472
|
||||||
|
Liaoning Energy Investment (Group) Limited Liability Company
|
388,619,936
|
RMB denominated ordinary shares
|
388,619,936
|
||||||
|
Fujian Investment Development Group Limited Liability Company
|
372,818,249
|
RMB denominated ordinary shares
|
372,818,249
|
||||||
|
Dalian Municipal Construction Investment Company Limited
|
301,500,000
|
RMB denominated ordinary shares
|
301,500,000
|
||||||
|
Details relating to the related relationship of the above shareholders or the parties acting in concert
|
Among the above shareholders, China Huaneng Group, Huaneng International Power Development Corporation and China Hua Neng Group Hong Kong Limited are regarded as parties acting in concert under the “Management Rules on Acquisition of Listing Companies”. The Company is not aware of any related relationship among other shareholders.
|
||||||||
|
Explanatory statement regarding the restored voting rights and shareholdings of holders of preference shares
|
Not Applicable
|
||||||||
- 5 -
| 2.3 |
Total number of holders of preference shares, ten largest holders of preference shares and shareholding of top ten holders of preference shares whose shares are not subject to selling restriction as at the end of the reporting period
|
Applicable Not applicable| 3 |
SIGNIFICANT EVENTS
|
| 3.1 |
Disclosure as to, and reasons for, material changes in accounting items and financial indices of the Company
|
Applicable Not applicable| (a) |
Fluctuation analysis of the consolidated balance sheet items
|
| 1. |
Cash as at the end of period increased by 60.22% compared with the end of last year, mainly due to the issuance of the renewable corporate bonds held by the Company at the end of the third quarter.
|
| 2. |
Derivatives financial assets (current portion) as at the end of period decreased by 42.32% compared with the end of last year, mainly due to the decrease in the fair value of the currency swap contracts held by the Company’s subsidiary, SinoSing Power Pte. Ltd.
|
| 3. |
Dividends receivable as at the end of period decreased by 73.08%, mainly due to the cash dividend paid by the Company’s joint venture.
|
| 4. |
Other receivable as at the end of period decreased by 47.37%, mainly due to the collection of other receivables of the Company’s subsidiaries.
|
| 5. |
Advances from customers as at the end of period decreased by 80.38%, mainly due to the advances for heat charges recognized as operating revenue by the Company’s subsidiaries.
|
| 6. |
Dividends payable as at the end of period increased by 30.80%, mainly due to the dividend payment plans for last year approved by the Company’s subsidiaries.
|
| 7. |
Current portion of non-current liabilities as at the end of period increased by 30.98%, mainly due to the bonds payable reclassed to current portion of non- current liabilities by the Company based on the maturity date.
|
| 8. |
Other current liabilities as at the end of period decreased by 39.60%, mainly due to the decrease of short-term bonds payable.
|
- 6 -
| 9. |
Capital surplus as at the end of period decreased by 52.40%, mainly due to the result of the business combinations under common control.
|
| 10. |
Other comprehensive income as at the end of period decreased by 34.41%, mainly due to the disposal of shares of China Yangtze Power Co., Ltd. held by the Company.
|
| (b) |
Fluctuation analysis of the consolidated income statement items
|
| 1. |
Operating cost increased by 33.80% compared with the same period of last year, mainly due to the increase of fuel price.
|
| 2. |
Asset impairment loss decreased by 88.99% compared with the same period of last year, mainly due to the asset impairment loss last year.
|
| 3. |
Non-operating income decreased by 78.08% compared with the same period of last year, mainly due to the government grants received related to the ordinary activities shall be recognized as other income according to the revised government grants accounting standards.
|
| 4. |
Non-operating expenses decreased by 81.94% compared with the same period of last year, mainly due to the decrease in disposal losses of non-current assets by the Company and its subsidiaries.
|
| (c) |
Fluctuation analysis of the cash flow statement items
|
| 1. |
Net cash inflows generated from operating activities decreased by 32.19% compared with the same period of the last year, mainly due to the increase in payments for fuel by the Company and its subsidiaries.
|
| 2. |
Net cash outflows used in investment activities increased by 79.63% compared with the same period of the last year, mainly due to the increase of net cash outflow of the Company for acquisition of four subsidiaries including Huaneng Shandong Power Generation Co., Ltd, etc..
|
| 3. |
Net cash flow generated from financing activities turned from net outflow to net inflow compared with the same period of last year, mainly due to the increased receivables from borrowings and bonds issued by the Company.
|
- 7 -
| 3.2 |
Analysis and description of significant events and their impacts and solutions
|
Applicable Not applicable| 1. |
Due to change of work, Mr. Guo Junming (the Vice Chairman of the Ninth Session of the Board of Directors of the Company) tendered a written resignation report on 9 October 2017 to the Company’s Board of Directors, resigning from the position as the Vice Chairman and Director of the Company. The resignation report of Mr Guo Junming shall be effective from the date of delivery to the Company’s Board of Directors.
|
| 2. |
On 28 September 2017, Huaneng Shandong Power Generation Limited (“Shandong Company”), a controlling subsidiary of the Company, entered into the Transfer Agreement regarding the Equity Interests in Huaneng Taishan Power Generation Limited with Huaneng Energy and Transportation (Holding) Company Limited (“HETHC”), pursuant to which Shandong Company shall transfer its 56.53% equity interests in Huaneng Taishan Power Generation Limited (“Taishan Power”) to HETHC at a consideration of RMB780.7774 million (“the Transaction”).
|
The Transaction constitutes a connected transaction of the Company. For details of the Transaction, please refer to the Announcement on the Resolutions of the Fourth Meeting of the Ninth Session of the Board of Directors of Huaneng Power International, Inc. and the Announcement on Connected Transaction of Huaneng Power International, Inc. published by the Company in the China Securities Journal, Shanghai Securities News and the website of Shanghai Stock Exchange (www.sse.com.cn) on 29 September 2017.
The Transaction was completed on 30 September 2017 and HETHC paid 50% of the consideration of the Transaction to Shandong Company on 30 September 2017 pursuant to the terms of the Transfer Agreement.
- 8 -
| 3. |
On 25 September 2017, the Company completed the issuance of “First Tranche of the Public Offering of the 2017 Renewable Corporate Bond of Huaneng International, Inc.” (the “Bond”). The aggregate face value of the Bond amounted to RMB5 billion, which consisted of two types. The first type was 3+N year (in which each three interest-bearing years as a cycle and the issuer has the right to extend one more cycle (i.e. an extension of three years) at the end of each cycle, or to redeem the whole amount of the matured Bond at the end of such cycle). The issuance size of such product was RMB2.5 billion, with a face value interest of 5.05%. the second type was 5+N year (in which each five interest-bearing years as a cycle and the issuer has the right to extend one more cycle (i.e. an extension of five years) at the end of each cycle, or to redeem the whole amount of the matured Bond at the end of such cycle). The issuance size of such product was RMB2.5 billion, with a face value interest of 5.17%. The Bond was listed on the Exchange Market Centralised Bidding System and Fixed Income Securities Comprehensive Electronic Platform of Shanghai Stock Exchange on 13 October 2017, which were traded by qualified investors.
|
For details, please refer to the announcement published by the Company on the website of Shanghai Stock Exchange (www.sse.com.cn) on 26 September 2017 and 12 October 2017, respectively.
| 3.3 |
Undertaking not performed in time during the reporting period
|
Applicable Not applicable- 9 -
| 3.4 |
Warnings on any potential loss in accumulated net profit for the period from the beginning of the year to the end of next reporting period or any material changes from the corresponding period last year and the reasons therefor
|
Applicable Not applicable|
By Order of the Board
|
|
|
Huaneng Power International, Inc.
|
|
|
Cao Peixi
|
|
|
Chairman
|
As at the date of this announcement, the Directors of the Company are:
|
Cao Peixi (Executive Director)
|
Yue Heng (Independent Non-executive Director)
|
|
|
Liu Guoyue (Executive Director)
|
Xu Mengzhou (Independent Non-executive Director)
|
|
|
Fan Xiaxia (Executive Director)
|
Liu Jizhen (Independent Non-executive Director)
|
|
|
Huang Jian (Non-executive Director)
|
Xu Haifeng (Independent Non-executive Director)
|
|
|
Wang Yongxiang (Non-executive Director)
|
Zhang Xianzhi (Independent Non-executive Director)
|
|
|
Mi Dabin (Non-executive Director)
|
||
|
Guo Hongbo (Non-executive Director)
|
||
|
Cheng Heng (Non-executive Director)
|
||
|
Lin Chong (Non-executive Director)
|
Beijing, the PRC
25 October 2017
- 10 -
APPENDIX
HUANENG POWER INTERNATIONAL, INC.
UNAUDITED CONSOLIDATED AND THE COMPANY BALANCE SHEETS
(PRC GAAP)
AS AT 30 SEPTEMBER 2017
Amounts: In RMB Yuan
|
ASSETS
|
30 September 2017
Consolidated
|
31 December 2016
Consolidated
|
30 September 2017
The Company
|
31 December 2016
The Company
|
||||||||||||
| (Restated) | ||||||||||||||||
|
CURRENT ASSETS
|
||||||||||||||||
|
Cash
|
16,364,790,406
|
10,214,184,660
|
5,558,440,458
|
2,438,373,674
|
||||||||||||
|
Derivative financial assets
|
160,377,961
|
278,601,988
|
–
|
–
|
||||||||||||
|
Notes receivable
|
3,062,304,299
|
2,639,365,571
|
363,574,872
|
431,185,488
|
||||||||||||
|
Accounts receivable
|
17,355,173,455
|
17,157,638,187
|
5,052,725,731
|
4,407,465,997
|
||||||||||||
|
Advances to suppliers
|
1,264,924,397
|
984,759,911
|
162,883,133
|
75,756,845
|
||||||||||||
|
Interest receivable
|
22,507,859
|
22,130,336
|
26,837,082
|
32,739,114
|
||||||||||||
|
Dividends receivable
|
195,000,000
|
724,452,796
|
3,221,277,405
|
1,766,202,528
|
||||||||||||
|
Other receivables
|
2,764,450,482
|
5,252,966,602
|
2,584,388,473
|
2,165,962,323
|
||||||||||||
|
Inventories
|
7,613,534,125
|
8,046,009,143
|
2,175,761,330
|
2,473,285,313
|
||||||||||||
|
Current portion of non-current assets
|
154,813,274
|
136,304,055
|
1,367,300
|
–
|
||||||||||||
|
Other current assets
|
2,876,476,480
|
3,203,043,082
|
6,026,816,792
|
7,710,006,668
|
||||||||||||
|
Assets held for sale
|
2,121,609,567
|
–
|
243,526,171
|
–
|
||||||||||||
|
Total current assets
|
53,955,962,305
|
48,659,456,331
|
25,417,598,747
|
21,500,977,950
|
||||||||||||
|
NON-CURRENT ASSETS
|
||||||||||||||||
|
Available-for-sale financial assets
|
2,514,808,614
|
3,560,927,756
|
2,396,514,830
|
3,443,356,690
|
||||||||||||
|
Derivative financial assets
|
40,673,373
|
99,720,835
|
–
|
–
|
||||||||||||
|
Long-term receivables
|
1,346,025,887
|
1,288,416,086
|
–
|
–
|
||||||||||||
|
Long-term equity investment
|
19,975,321,404
|
19,715,293,180
|
77,585,323,591
|
68,855,107,466
|
||||||||||||
|
Fixed assets
|
243,515,500,670
|
244,683,029,733
|
53,520,487,004
|
56,158,451,519
|
||||||||||||
|
Fixed assets pending for disposal
|
82,237,313
|
84,252,620
|
338,999
|
78,287
|
||||||||||||
|
Construction-in-progress
|
26,426,598,028
|
26,296,407,392
|
1,646,377,556
|
1,387,177,902
|
||||||||||||
|
Construction materials
|
2,855,531,455
|
3,491,108,686
|
22,821,634
|
21,046,101
|
||||||||||||
|
Intangible assets
|
13,579,953,956
|
14,146,113,642
|
1,607,685,504
|
1,584,581,218
|
||||||||||||
|
Goodwill
|
12,175,665,952
|
11,975,592,060
|
–
|
–
|
||||||||||||
|
Long-term deferred expenses
|
297,818,448
|
247,159,746
|
39,976,205
|
46,790,195
|
||||||||||||
|
Deferred income tax assets
|
2,642,672,058
|
2,447,647,786
|
396,179,685
|
286,268,222
|
||||||||||||
|
Other non-current assets
|
3,472,105,025
|
3,064,270,239
|
15,430,740,839
|
15,820,081,996
|
||||||||||||
|
Total non-current assets
|
328,924,912,183
|
331,099,939,761
|
152,646,445,847
|
147,602,939,596
|
||||||||||||
|
TOTAL ASSETS
|
382,880,874,488
|
379,759,396,092
|
178,064,044,594
|
169,103,917,546
|
||||||||||||
- 11 -
|
LIABILITIES AND SHAREHOLDERS’ EQUITY
|
30 September 2017
Consolidated
|
31 December 2016
Consolidated
|
30 September 2017 The Company
|
31 December 2016 The Company
|
||||||||||||
|
|
(Restated) | |||||||||||||||
|
CURRENT LIABILITIES
|
||||||||||||||||
|
Short-term loans
|
78,506,037,563
|
68,271,074,146
|
41,355,000,000
|
31,430,000,000
|
||||||||||||
|
Derivative financial liabilities
|
67,786,371
|
133,569,473
|
–
|
–
|
||||||||||||
|
Notes payable
|
2,450,901,635
|
3,079,004,058
|
–
|
–
|
||||||||||||
|
Accounts payable
|
12,241,375,652
|
12,075,280,944
|
3,431,392,239
|
3,820,923,543
|
||||||||||||
|
Advances from customers
|
250,060,469
|
1,274,555,503
|
51,720,217
|
206,609,998
|
||||||||||||
|
Salary and welfare payables
|
582,233,562
|
489,205,753
|
124,038,922
|
105,223,975
|
||||||||||||
|
Taxes payable
|
1,198,921,713
|
1,424,669,239
|
228,520,143
|
287,379,395
|
||||||||||||
|
Interest payables
|
715,269,492
|
761,841,849
|
503,384,568
|
428,747,399
|
||||||||||||
|
Dividends payable
|
2,060,339,892
|
1,575,179,623
|
4,200,000
|
–
|
||||||||||||
|
Other payables
|
20,163,437,559
|
20,609,472,568
|
2,097,753,294
|
2,325,601,453
|
||||||||||||
|
Current portion of non-current liabilities
|
24,583,195,976
|
18,769,230,955
|
9,443,951,696
|
4,723,645,624
|
||||||||||||
|
Provision
|
25,695,565
|
21,758,030
|
21,625,541
|
18,621,900
|
||||||||||||
|
Other current liabilities
|
16,720,041,953
|
27,680,580,293
|
16,593,306,212
|
27,601,300,850
|
||||||||||||
|
Liabilities held for sale
|
1,615,441,709
|
–
|
–
|
–
|
||||||||||||
|
Total current liabilities
|
161,180,739,111
|
156,165,422,434
|
73,854,892,832
|
70,948,054,137
|
||||||||||||
|
NON-CURRENT LIABILITIES
|
||||||||||||||||
|
Long-term loans
|
107,385,030,884
|
96,911,235,689
|
14,234,319,829
|
6,694,726,348
|
||||||||||||
|
Derivative financial liabilities
|
165,825,864
|
201,169,168
|
32,558,063
|
69,903,969
|
||||||||||||
|
Bonds payable
|
13,690,986,093
|
12,182,970,926
|
13,690,986,093
|
12,182,970,926
|
||||||||||||
|
Long-term payables
|
1,470,518,680
|
1,706,349,058
|
74,024,905
|
78,936,350
|
||||||||||||
|
Long-term Employee benefits payable
|
89,483,340
|
90,779,296
|
91,120
|
172,440
|
||||||||||||
|
Specific accounts payable
|
38,623,825
|
48,135,657
|
32,508,972
|
30,051,839
|
||||||||||||
|
Provision
|
52,444,000
|
52,444,000
|
–
|
–
|
||||||||||||
|
Deferred income
|
3,827,081,682
|
3,780,306,593
|
1,760,476,398
|
1,857,343,895
|
||||||||||||
|
Deferred income tax liabilities
|
1,358,725,913
|
1,429,859,071
|
–
|
–
|
||||||||||||
|
Total non-current liabilities
|
128,078,720,281
|
116,403,249,458
|
29,824,965,380
|
20,914,105,767
|
||||||||||||
|
TOTAL LIABILITIES
|
289,259,459,392
|
272,568,671,892
|
103,679,858,212
|
91,862,159,904
|
||||||||||||
- 12 -
|
LIABILITIES AND SHAREHOLDERS’ EQUITY (CONTINUED)
|
30 September 2017
Consolidated
|
31 December 2016
Consolidated
|
30 September 2017 The Company
|
31 December 2016 The Company
|
||||||||||||
|
|
(Restated) | |||||||||||||||
|
SHAREHOLDER’S EQUITY
|
||||||||||||||||
|
Share capital
|
15,200,383,440
|
15,200,383,440
|
15,200,383,440
|
15,200,383,440
|
||||||||||||
|
Other equity instruments
|
4,999,950,000
|
–
|
4,999,950,000
|
–
|
||||||||||||
|
Capital surplus
|
14,058,131,430
|
29,530,847,122
|
8,940,945,801
|
17,017,744,278
|
||||||||||||
|
Other comprehensive income
|
459,621,279
|
700,733,756
|
1,033,331,833
|
1,379,475,802
|
||||||||||||
|
Special reserves
|
60,867,466
|
51,427,080
|
48,154,185
|
41,537,274
|
||||||||||||
|
Surplus reserves
|
8,186,274,738
|
8,186,274,738
|
8,186,274,738
|
8,186,274,738
|
||||||||||||
|
Undistributed profits
|
33,110,199,956
|
34,691,364,007
|
35,975,146,385
|
35,416,342,110
|
||||||||||||
|
Shareholders’ equity attributable to shareholders of the Company
|
76,075,428,309
|
88,361,030,143
|
74,384,186,382
|
77,241,757,642
|
||||||||||||
|
Non-controlling interests
|
17,545,986,787
|
18,829,694,057
|
—
|
—
|
||||||||||||
|
Total shareholders’ equity
|
93,621,415,096
|
107,190,724,200
|
74,384,186,382
|
77,241,757,642
|
||||||||||||
|
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
|
382,880,874,488
|
379,759,396,092
|
178,064,044,594
|
169,103,917,546
|
||||||||||||
|
Legal representative:
|
Person in charge of accounting function:
|
Person in charge of accounting department:
|
|
Cao Peixi
|
Huang Lixin
|
Li Yinghui
|
- 13 -
HUANENG POWER INTERNATIONAL, INC.
UNAUDITED CONSOLIDATED AND THE COMPANY INCOME STATEMENTS
(PRC GAAP)
FOR THIRD QUARTER ENDED 30 SEPTEMBER 2017
Amounts: In RMB Yuan
|
For the quarter ended
30 September 2017
Consolidated
|
For the quarter ended
30 September 2016
Consolidated
|
For the quarter ended
30 September 2017
The Company
|
For the quarter ended
30 September 2016
The Company
|
||||||||||||||
|
(Restated)
|
|||||||||||||||||
|
Operating revenue
|
39,640,661,929
|
36,110,900,957
|
12,866,107,321
|
11,437,258,232
|
|||||||||||||
|
Less:
|
Operating cost
|
34,458,489,490
|
27,532,108,510
|
10,833,075,975
|
8,315,230,174
|
||||||||||||
|
|
Tax and levies
|
389,652,345
|
257,467,657
|
153,838,922
|
91,164,026
|
||||||||||||
|
|
Selling expenses
|
3,934,783
|
4,149,261
|
889,930
|
1,488,743
|
||||||||||||
|
|
General and administrative expenses
|
952,521,319
|
1,064,207,051
|
417,096,500
|
451,096,694
|
||||||||||||
|
|
Financial expenses
|
2,412,834,231
|
2,178,046,192
|
951,859,668
|
947,854,437
|
||||||||||||
|
|
Asset impairment loss
|
38,822,287
|
(322,432
|
)
|
–
|
–
|
|||||||||||
|
Add:
|
Gain on fair value changes of financial assets/liabilities
|
3,034,268
|
81,157
|
–
|
–
|
||||||||||||
|
|
Investment income
|
1,368,527,281
|
427,886,476
|
2,755,464,821
|
3,677,717,291
|
||||||||||||
|
|
Including: Investment income from associates and joint
ventures |
304,704,322
|
406,264,910
|
244,956,276
|
340,361,341
|
||||||||||||
|
|
Other income
|
98,713,181
|
–
|
42,213,655
|
–
|
||||||||||||
|
Operating profit
|
2,854,682,204
|
5,503,212,351
|
3,307,024,802
|
5,308,141,449
|
|||||||||||||
|
Add:
|
Non-operating income
|
46,604,298
|
216,631,539
|
16,038,575
|
106,087,135
|
||||||||||||
|
|
Including: gain on disposals of non-current assets |
19,108,529
|
21,072,515
|
9,457,593
|
2,440,229
|
||||||||||||
|
Less:
|
Non-operating expenses
|
33,588,775
|
221,935,697
|
3,448,790
|
147,129,133
|
||||||||||||
|
|
Including: loss on disposals of non-current assets
|
2,856,390
|
171,782,027
|
581,648
|
134,785,225
|
||||||||||||
|
Profit before tax
|
2,867,697,727
|
5,497,908,193
|
3,319,614,587
|
5,267,099,451
|
|||||||||||||
|
Less:
|
Income tax expense
|
560,191,991
|
1,340,506,071
|
217,204,202
|
465,734,324
|
||||||||||||
|
Net profit
|
2,307,505,736
|
4,157,402,122
|
3,102,410,385
|
4,801,365,127
|
|||||||||||||
|
Including: Net profit generated by acquiree before business combination under common control
|
–
|
403,626,110
|
—
|
—
|
|||||||||||||
|
Attributable to:
|
|||||||||||||||||
|
Shareholders of the Company
|
2,072,766,485
|
3,351,738,777
|
3,102,410,385
|
4,801,365,127
|
|||||||||||||
|
Non-controlling interests
|
234,739,251
|
805,663,345
|
—
|
—
|
|||||||||||||
- 14 -
|
For the quarter ended
30 September 2017
Consolidated
|
For the quarter ended
30 September 2016
Consolidated
|
For the quarter ended
30 September 2017
The Company
|
For the quarter ended
30 September 2016
The Company
|
|||||||||||||
|
(Restated)
|
||||||||||||||||
|
Earnings per share (based on the net profit attributable to shareholders of the Company)
|
||||||||||||||||
|
(expressed in RMB per share)
|
||||||||||||||||
|
– Basic earnings per share
|
0.14
|
0.22
|
—
|
—
|
||||||||||||
|
– Diluted earnings per share
|
0.14
|
0.22
|
—
|
—
|
||||||||||||
|
Other comprehensive (loss)/income, net of tax
|
(578,262,018
|
)
|
160,582,857
|
(657,716,026
|
)
|
119,530,257
|
||||||||||
|
Items that may be reclassified subsequently to profit or loss attributable to shareholders of the Company:
|
(569,864,356
|
)
|
158,895,934
|
(657,716,026
|
)
|
119,530,257
|
||||||||||
|
Including:
|
||||||||||||||||
|
Fair value changes of available-for-sale financial asset
|
(11,779,605
|
)
|
156,467,548
|
(11,932,217
|
)
|
156,467,548
|
||||||||||
|
Gain on disposal of available-for-sale financial asset reclassified to profit or loss
|
(770,656,740
|
)
|
–
|
(770,656,740
|
)
|
–
|
||||||||||
|
Share of other comprehensive income of investees accounted for under the equity method
|
118,698,366
|
(51,639,117
|
)
|
118,698,366
|
(51,639,117
|
)
|
||||||||||
|
Effective portion of cash flow hedges
|
183,045,911
|
138,752,595
|
6,174,565
|
14,701,826
|
||||||||||||
|
Translation differences of the financial statements of foreign operations
|
(89,172,288
|
)
|
(84,685,092
|
)
|
–
|
–
|
||||||||||
|
Other comprehensive (loss)/income attributable to non-controlling interests, net of tax
|
(8,397,662
|
)
|
1,686,923
|
—
|
—
|
|||||||||||
|
Total comprehensive income
|
1,729,243,718
|
4,317,984,979
|
2,444,694,359
|
4,920,895,384
|
||||||||||||
|
Attributable to:
|
||||||||||||||||
|
Shareholders of the Company
|
1,502,902,129
|
3,510,634,711
|
2,444,694,359
|
4,920,895,384
|
||||||||||||
|
Non-controlling interests
|
226,341,589
|
807,350,268
|
—
|
—
|
||||||||||||
|
Legal representative:
|
Person in charge of accounting function:
|
Person in charge of accounting department:
|
|
Cao Peixi
|
Huang Lixin
|
Li Yinghui
|
- 15 -
HUANENG POWER INTERNATIONAL, INC.
UNAUDITED CONSOLIDATED AND THE COMPANY INCOME STATEMENTS
(PRC GAAP)
FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2017
Amounts: In RMB Yuan
|
For the nine months ended
30 Septembe
2017
Consolidated
|
For the nine months ended
30 September 2016
Consolidated
|
For the nine months ended
30 September 2017
The Company
|
For the nine months ended
30 September 2016
The Company
|
||||||||||||||
|
(Restated)
|
|||||||||||||||||
|
Operating revenue
|
111,074,350,642
|
100,260,296,223
|
34,619,509,178
|
30,903,238,194
|
|||||||||||||
|
Less:
|
Operating cost
|
97,685,151,927
|
73,008,107,378
|
29,860,140,327
|
21,414,181,858
|
||||||||||||
|
|
Tax and levies
|
1,038,208,495
|
822,432,556
|
389,660,375
|
280,390,479
|
||||||||||||
|
|
Selling expenses
|
10,282,723
|
9,616,437
|
3,140,126
|
3,050,414
|
||||||||||||
|
General and administrative expenses
|
2,761,246,315
|
3,234,177,320
|
1,236,771,818
|
1,398,435,358
|
|||||||||||||
|
|
Financial expenses
|
6,929,574,410
|
6,512,833,433
|
2,694,527,288
|
2,807,987,740
|
||||||||||||
|
|
Asset impairment loss
|
39,717,690
|
360,601,318
|
–
|
(1,113
|
)
|
|||||||||||
|
Add:
|
Loss on fair value changes of financial assets/liabilities
|
(3,339,395
|
)
|
(17,746,795
|
)
|
–
|
–
|
||||||||||
|
|
Investment income
|
1,661,381,714
|
2,346,165,674
|
4,763,604,749
|
6,441,606,645
|
||||||||||||
|
|
Including: Investment income from associates and joint ventures
|
477,493,260
|
900,222,839
|
347,661,206
|
712,307,396
|
||||||||||||
|
|
Other income
|
249,838,160
|
–
|
131,384,425
|
–
|
||||||||||||
|
Operating profit
|
4,518,049,561
|
18,640,946,660
|
5,330,258,418
|
11,440,800,103
|
|||||||||||||
|
Add:
|
Non-operating income
|
135,044,119
|
616,064,437
|
46,594,016
|
208,968,259
|
||||||||||||
|
|
Including: gain on disposals of non-current assets
|
20,564,609
|
23,778,940
|
9,721,537
|
2,983,961
|
||||||||||||
|
Less:
|
Non-operating expenses
|
53,435,753
|
295,825,456
|
9,635,477
|
154,844,996
|
||||||||||||
|
|
Including: loss on disposals of non-current assets
|
4,284,023
|
218,042,953
|
635,774
|
142,263,251
|
||||||||||||
|
Profit before tax
|
4,599,657,927
|
18,961,185,641
|
5,367,216,957
|
11,494,923,366
|
|||||||||||||
|
Less:
|
Income tax expense
|
1,254,992,291
|
4,693,405,222
|
394,676,484
|
1,510,074,659
|
||||||||||||
|
Net profit
|
3,344,665,636
|
14,267,780,419
|
4,972,540,473
|
9,984,848,707
|
|||||||||||||
|
Including: Net profit generated by acquiree before business combination under common control
|
–
|
2,758,935,170
|
—
|
—
|
|||||||||||||
|
Attributable to:
|
|||||||||||||||||
|
Shareholders of the Company
|
2,860,339,024
|
11,130,913,803
|
4,972,540,473
|
9,984,848,707
|
|||||||||||||
|
Non-controlling interests
|
484,326,612
|
3,136,866,616
|
—
|
—
|
|||||||||||||
- 16 -
|
For the nine months ended
30 September 2017
Consolidated
|
For the nine months ended
30 September 2016
Consolidated
|
For the nine months ended
30 September 2017
The Company
|
For the nine months ended
30 September 2016
The Company
|
|||||||||||||
|
(Restated)
|
||||||||||||||||
|
Earnings per share (based on the net profit attributable to shareholders of the Company)
|
||||||||||||||||
|
(expressed in RMB per share)
|
||||||||||||||||
|
– Basic earnings per share
|
0.19
|
0.73
|
—
|
—
|
||||||||||||
|
– Diluted earnings per share
|
0.19
|
0.73
|
—
|
—
|
||||||||||||
|
Other comprehensive (loss)/income, net of tax
|
(254,192,564
|
)
|
1,158,883,065
|
(346,143,969
|
)
|
(242,523,922
|
)
|
|||||||||
|
Items that may be reclassified subsequently to profit or loss attributable to shareholders of the Company:
|
(241,112,477
|
)
|
1,156,749,881
|
(346,143,969
|
)
|
(242,523,922
|
)
|
|||||||||
|
Including:
|
||||||||||||||||
|
Fair value changes of available-for-sale financial asset
|
281,886,325
|
(50,224,151
|
)
|
281,378,983
|
(50,224,151
|
)
|
||||||||||
|
Gain on disposal of available-for-sale financial asset reclassified to profit or loss
|
(770,656,740
|
)
|
–
|
(770,656,740
|
)
|
–
|
||||||||||
|
Share of other comprehensive income of investees accounted for under the equity method
|
115,124,359
|
(200,483,848
|
)
|
115,124,359
|
(200,483,848
|
)
|
||||||||||
|
Effective portion of cash flow hedges
|
(65,406,478
|
)
|
627,784,440
|
28,009,429
|
8,184,077
|
|||||||||||
|
Translation differences of the financial statements of foreign operations
|
197,940,057
|
779,673,440
|
–
|
–
|
||||||||||||
|
Other comprehensive (loss)/income attributable to non-controlling interests, net of tax
|
(13,080,087
|
)
|
2,133,184
|
—
|
—
|
|||||||||||
|
Total comprehensive income
|
3,090,473,072
|
15,426,663,484
|
4,626,396,504
|
9,742,324,785
|
||||||||||||
|
Attributable to:
|
||||||||||||||||
|
Shareholders of the Company
|
2,619,226,547
|
12,287,663,684
|
4,626,396,504
|
9,742,324,785
|
||||||||||||
|
Non-controlling interests
|
471,246,525
|
3,138,999,800
|
—
|
—
|
||||||||||||
|
Legal representative:
|
Person in charge of accounting function:
|
Person in charge of accounting department:
|
|
Cao Peixi
|
Huang Lixin
|
Li Yinghui
|
- 17 -
HUANENG POWER INTERNATIONAL, INC.
UNAUDITED CONSOLIDATED AND THE COMPANY CASH FLOW STATEMENTS
(PRC GAAP)
FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2017
Amounts: In RMB Yuan
|
Items
|
For the nine months ended
30 September 2017
Consolidated
|
For the nine months ended
30 September 2016
Consolidated
|
For the nine months ended
30 September 2017
The Company
|
For the nine months ended
30 September 2016
The Company
|
||||||||||||
|
(Restated)
|
||||||||||||||||
|
Cash flows generated from operating activities
|
||||||||||||||||
|
Cash received from sales of goods and services rendered
|
123,839,910,634
|
115,073,234,813
|
39,492,619,642
|
36,140,700,157
|
||||||||||||
|
Cash received from return of taxes and fees
|
87,704,773
|
41,956,457
|
6,586,976
|
–
|
||||||||||||
|
Other cash received relating to operating activities
|
921,954,391
|
836,500,552
|
165,789,841
|
187,432,120
|
||||||||||||
|
Sub-total of cash inflows of operating activities
|
124,849,569,798
|
115,951,691,822
|
39,664,996,459
|
36,328,132,277
|
||||||||||||
|
Cash paid for goods and services received
|
87,716,339,855
|
61,752,261,081
|
29,250,961,305
|
19,843,316,698
|
||||||||||||
|
Cash paid to and on behalf of employees including salary, social welfare, education funds and others in such manner
|
7,057,035,310
|
6,826,703,030
|
2,175,657,461
|
2,336,286,662
|
||||||||||||
|
Payments of taxes
|
7,234,770,880
|
14,073,595,754
|
2,676,165,535
|
4,591,311,636
|
||||||||||||
|
Other cash paid relating to operating activities
|
1,279,147,819
|
1,501,166,467
|
783,702,767
|
422,575,851
|
||||||||||||
|
Sub-total of cash outflows of operating activities
|
103,287,293,864
|
84,153,726,332
|
34,886,487,068
|
27,193,490,847
|
||||||||||||
|
Net cash flows generated from operating activities
|
21,562,275,934
|
31,797,965,490
|
4,778,509,391
|
9,134,641,430
|
||||||||||||
|
Cash flows generated from investing activitiesCash received from withdrawal of investment
|
2,138,555,346
|
260,000,000
|
4,116,863,244
|
4,938,921,650
|
||||||||||||
|
Cash received on investment income
|
942,815,430
|
746,778,372
|
2,253,302,721
|
4,665,093,491
|
||||||||||||
| Net cash received from disposals of fixed assets, intangible assets and other long-term assets | 59,196,461 | 131,803,954 | 16,057,689 | 29,315,034 | ||||||||||||
|
Net cash received from disposal of subsidiaries
|
145,442,945
|
981,431,545
|
—
|
—
|
||||||||||||
|
Cash received for acquisition of subsidiaries
|
–
|
184,912,360
|
—
|
—
|
||||||||||||
|
Other cash received relating to investing activities
|
60,123,484
|
82,641,981
|
–
|
–
|
||||||||||||
|
Sub-total of cash inflows of investing activities
|
3,346,133,666
|
2,387,568,212
|
6,386,223,654
|
9,633,330,175
|
||||||||||||
|
Cash paid for acquiring fixed assets, intangible assets and other long-term assets
|
16,016,223,696
|
15,349,480,991
|
1,490,520,875
|
1,222,352,573
|
||||||||||||
|
Cash paid for investments
|
236,731,024
|
1,517,288,041
|
17,186,899,547
|
1,763,233,600
|
||||||||||||
|
Net cash paid for acquiring subsidiaries
|
13,128,687,002
|
13,152,637
|
—
|
—
|
||||||||||||
|
Other cash paid relating to investing activities
|
8,094,556
|
6,085,113
|
–
|
–
|
||||||||||||
- 18 -
|
Items
|
For the nine months ended
30 September 2017
Consolidated
|
For the nine months ended
30 September 2016
Consolidated
|
For the nine months ended
30 September 2017
The Company
|
For the nine months ended
30 September 2016
The Company
|
||||||||||||
|
(Restated)
|
||||||||||||||||
|
Sub-total of cash outflows of investing activities
|
29,389,736,278
|
16,886,006,782
|
18,677,420,422
|
2,985,586,173
|
||||||||||||
|
Net cash flows (used in)/generated from investing activities
|
(26,043,602,612
|
)
|
(14,498,438,570
|
)
|
(12,291,196,768
|
)
|
6,647,744,002
|
|||||||||
|
Cash flows generated from financing activities
|
||||||||||||||||
|
Cash received from investments
|
5,607,648,761
|
246,900,000
|
4,999,950,000
|
–
|
||||||||||||
|
Including: cash received from non-controlling interests of subsidiaries
|
607,698,761
|
146,900,000
|
—
|
—
|
||||||||||||
|
Cash received from borrowings
|
102,909,539,626
|
88,022,682,446
|
56,546,550,000
|
41,320,000,000
|
||||||||||||
|
Cash received from issuance of bonds and short-term bonds
|
25,488,679,245
|
27,188,000,000
|
25,488,679,245
|
27,188,000,000
|
||||||||||||
|
Other cash received relating to financing activities
|
439,647,821
|
162,274,851
|
62,738,029
|
103,170,724
|
||||||||||||
|
Sub-total of cash inflows of financing activities
|
134,445,515,453
|
115,619,857,297
|
87,097,917,274
|
68,611,170,724
|
||||||||||||
|
Repayments of borrowings
|
110,058,728,227
|
118,801,503,428
|
69,255,132,311
|
75,376,341,842
|
||||||||||||
|
Payments for dividends, profit or interest expense
|
13,032,447,678
|
14,771,517,951
|
7,096,396,982
|
10,232,921,896
|
||||||||||||
|
Including: dividends paid to non-controlling interests of subsidiaries
|
1,167,602,250
|
1,408,354,320
|
—
|
—
|
||||||||||||
|
Other cash paid relating to financing activities
|
698,843,829
|
569,384,865
|
101,671,414
|
24,222,600
|
||||||||||||
|
Sub-total of cash outflows of financing activities
|
123,790,019,734
|
134,142,406,244
|
76,453,200,707
|
85,633,486,338
|
||||||||||||
|
Net cash flows generated/(used in) financing activities
|
10,655,495,719
|
(18,522,548,947
|
)
|
10,644,716,567
|
(17,022,315,614
|
)
|
||||||||||
|
Effect of exchange rate fluctuations on cash held
|
18,843,148
|
25,207,612
|
(40,847
|
)
|
(62,015,221
|
)
|
||||||||||
|
Net increase/(decrease) in cash
|
6,193,012,189
|
(1,197,814,415
|
)
|
3,131,988,343
|
(1,301,945,403
|
)
|
||||||||||
|
Add: cash at beginning of period
|
10,122,081,362
|
10,699,080,919
|
2,415,460,603
|
2,260,430,516
|
||||||||||||
|
Cash at end of period
|
16,315,093,551
|
9,501,266,504
|
5,547,448,946
|
958,485,113
|
||||||||||||
|
Legal representative:
|
Person in charge of accounting function:
|
Person in charge of accounting department:
|
|
Cao Peixi
|
Huang Lixin
|
Li Yinghui
|
- 19 -
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the under-signed, thereunto duly authorized.
|
HUANENG POWER INTERNATIONAL, INC.
|
|||
|
By
|
/s/ Huang Chaoquan
|
||
|
Name:
|
Huang Chaoquan
|
||
|
Title:
|
Company Secretary
|
||
Date: October 25, 2017