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Huaneng Power International, Inc. (HNP) filed its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the SEC on April 20, 2021. The report is available on the company’s website since April 26, 2021. Huaneng Power, one of China's largest power producers, has a controlled generation capacity of 113,805 MW and an equity-based generation capacity of 99,570 MW, operating across 26 regions in China. The company also has operations in Singapore and Pakistan, providing a diverse power production portfolio.
Huaneng Power International, Inc. (HNP) reported a strong performance in Q1 2021, achieving consolidated operating revenue of RMB 49.909 billion (approx. USD 7.595 billion), reflecting a 23.59% year-over-year increase. Net profit attributable to equity holders rose by 51.75% to RMB 3.127 billion (approx. USD 476 million), driven primarily by higher domestic electricity sales. Earnings per share stood at RMB 0.17, with earnings per ADS at RMB 6.62 (approx. USD 1.008). Detailed financial statements are available per PRC GAAP standards.
Huaneng Power International (HNP) reported substantial growth in electricity sales for Q1 2021, reaching 105.009 billion kWh, up by 30.20% year-on-year. The average on-grid settlement price decreased slightly by 0.56% to RMB419.98 per MWh. The market-based electricity sold rose significantly to 57.32%, reflecting a 24.05 percentage point increase. Key contributing factors included heightened electricity demand during the heating season and increased utilization of thermal power units. HNP's generation capacity reached 113,805 MW, with notable expansions in new wind and biomass projects.
Huaneng Power International (HNP) reported a consolidated operating revenue of RMB169.446 billion in 2020, a 2.62% decline from the previous year. However, net profit attributable to equity holders surged by 210.28% to RMB2.378 billion, driven by lower coal prices and reduced financial expenses. Earnings per share were RMB0.04. The company plans a cash dividend of RMB0.18 per share. Power generation slightly decreased by 0.24%, with a target of 410 billion kWh for 2021. The company continues to focus on clean energy and operational efficiency amid ongoing challenges from the COVID-19 pandemic.
Huaneng Power International reported its power generation for 2020, indicating a 0.24% decrease in total generation to 404.016 billion kWh. Despite a 7.38% increase in Q4, annual electricity sold decreased by 2.14% to 379.894 billion kWh. The average on-grid electricity settlement price fell by 0.81% to RMB413.63 per MWh. The decline in annual generation was primarily due to a decrease in demand amid the pandemic and increased competition from renewable energy sources. Controlled installed capacity reached 113,357 MW at year-end.
Huaneng Power International, Inc. (HNP) reported its unaudited operating results for the three quarters ended September 30, 2020. The company achieved consolidated operating revenue of RMB 121.823 billion (approx. USD 17.889 billion), down 4.31% year-over-year. However, net profit attributable to shareholders surged 69.34% to RMB 9.133 billion (approx. USD 1.341 billion), leading to earnings per share of RMB 0.50. The profit increase was largely due to lower fuel prices. The financial information is prepared under PRC GAAP, with no reconciliation to IFRS or US GAAP provided.
Huaneng Power International, Inc. reported a total power generation of 110.385 billion kWh in Q3 2020, up 3.34% year-on-year, while total electricity sold increased by 0.81% to 103.790 billion kWh. However, power generation for the first three quarters decreased by 2.86% to 293.541 billion kWh and electricity sold declined 4.19% to 275.914 billion kWh. The average on-grid electricity settlement price fell 1.24% to RMB 412.52/MWh. The decrease in generation was attributed to COVID-19 impacts, competition from new energy sources, and increased hydropower generation.
Huaneng Power International (HNP) reported its unaudited operating results for the first half of 2020, revealing a 5.35% decrease in consolidated operating revenue, totaling RMB79.127 billion (approximately USD 11.177 billion). However, net profit attributable to equity holders surged by 58.10% to RMB5.441 billion (about USD 769 million) due to lower fuel costs. Total power generation dropped by 8.05%, with electricity sales down 6.98%. Despite challenges, the company maintained market competitiveness, particularly in Singapore with a 21.5% market share.
Huaneng Power International reported a total power generation of 179.650 billion kWh in the first half of 2020, down 8.05% year-on-year. However, the second quarter showed signs of recovery with power generation at 94.949 billion kWh, a 3.73% increase from 2019. Total electricity sold was 172.125 billion kWh, decreasing 6.98% year-on-year, but second quarter sales rose to 91.473 billion kWh, representing a 5.41% increase. Average on-grid electricity settlement price fell by 0.68% to RMB416.65 per MWh.