6-K 1 form6-k.htm 6-K WITH ONE ANNOUNCEMENT

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 April 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 first quarterly report of Huaneng Power International, Inc. (the “Registrant”),  made by the Registrant on April 26, 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.


(a Sino-foreign joint stock company incorporated in the People's Republic of China)
(Stock Code: 902)

FIRST 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
MAJOR FINANCIAL INFORMATION AND CHANGES IN SHAREHOLDERS OF THE COMPANY

2.1
Major financial information (PRC GAAP) (unaudited)

(Amounts: In RMB Yuan)

 
End of current reporting period
 
End of last year (Restated)
 
Variance from end
of last year (%)
 
Total assets
   
375,542,682,233
     
379,874,821,092
     
(1.14
)
Shareholders’ equity attributable to shareholders of the Company
   
73,844,879,361
     
88,476,455,143
     
(16.54
)
                         
 
From the beginning of the year to the end of current reporting period
 
From the beginning of the preceding year to the end of equivalent period (Restated)
 
Variance from equivalent period of last year
(%)
 
                         
Net cash flows generated from operating activities
   
7,648,994,310
     
14,421,308,845
     
(46.96
)
                         
 
From the beginning of the year to the end of current reporting period
 
From the beginning of the preceding year to the end of equivalent period (Restated)
 
Variance from equivalent period of last year
(%)
 
                         
Operating Revenue
   
37,577,079,025
     
34,943,310,711
     
7.54
 
Net profit attributable to shareholders of the Company
   
651,979,268
     
5,004,567,025
     
(86.97
)
Net profit after deducting non-recurring items attributable to shareholders of the Company
   
580,841,260
     
3,901,729,709
     
(85.11
)
Return on net assets (weighted average) (%)
   
0.89
     
5.75
 
Decreased by 4.86
percentage points
 
Basic earnings per share (Yuan/Share)
   
0.04
     
0.33
     
(87.88
)
Diluted earnings per share (Yuan/Share)
   
0.04
     
0.33
     
(87.88
)
 
 
2

Deducting non-recurring items and amounts:

Items
 
Total amount from the beginning of the year to the end of current reporting period
 
   
(RMB Yuan)
 
       
Losses from disposal of non-current assets
   
(292,624
)
Government grant recorded in income statement, excluding government grant closely related to the Company’s business and calculated according to national unified standards
   
101,988,173
 
Losses 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
   
(5,442,724
)
Reversal of provision for doubtful accounts receivable individually tested for impairments
   
7,215
 
Other non-operating income and expenses excluding the above items
   
9,923,154
 
Other non-recurring items
   
(108,052
)
Impact of non-controlling interests, net of tax
   
(10,285,083
)
Tax impact of non-recurring items
   
(24,652,051
)
         
         
Total
   
71,138,008
 

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
98,371
Top ten holders of shares
Name (in full) of shareholders
Number of shares held at end of reporting period
Percentage
(%)
Number of shares held with selling restriction
Status on charges or pledges etc.
Nature of
shareholders
Status of
shares
Number
Huaneng International Power Development Corporation
5,066,662,118
33.33
Nil
State-owned
entity
HKSCC Nominees Limited
3,938,991,660
25.91
Nil
Foreign entity
China Huaneng Group
1,555,124,549
10.23
Nil
State-owned
entity
Hebei Construction & Investment Group Co., Ltd.
549,169,071
3.61
Nil
State-owned
entity
China Hua Neng Group Hong Kong Limited
472,000,000
3.11
Nil
Foreign entity
China Securities Finance Corporation Limited
422,071,172
2.78
Nil
State-owned
entity
Jiangsu Provincial Investment & Management Limited Liability Company
416,500,000
2.74
Nil
State-owned
entity
Liaoning Energy Investment (Group) Limited Liability Company
388,619,936
2.56
Nil
State-owned
entity
Fujian Investment & Development Group Co., Ltd.
365,818,238
2.41
Nil
State-owned
entity
Dalian Construction Investment Group Co., Ltd.
301,500,000
1.98
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
 
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
3,938,991,660
Overseas listed foreign invested shares
3,938,991,660
China Huaneng Group
1,555,124,549
RMB denominated ordinary shares
1,555,124,549
Hebei Construction & Investment Group Co., Ltd.
549,169,071
RMB denominated ordinary shares
549,169,071
China Hua Neng Group Hong Kong Limited
472,000,000
Overseas listed foreign invested shares
472,000,000
China Securities Finance Corporation Limited
422,071,172
RMB denominated ordinary shares
422,071,172
Jiangsu Provincial Investment & Management Limited Liability Company
416,500,000
RMB denominated ordinary shares
416,500,000
Liaoning Energy Investment (Group) Limited Liability Company
388,619,936
RMB denominated ordinary shares
388,619,936
Fujian Investment & Development Group Co., Ltd.
365,818,238
RMB denominated ordinary shares
365,818,238
Dalian Construction Investment Group Co., Ltd.
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.

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  R Not applicable

3
SIGNIFICANT EVENTS

3.1
Disclosure as to, and reasons for, material changes in accounting items and financial indices of the Company

R Applicable  £ Not applicable

(a)
Fluctuation analysis of the consolidated balance sheet items

1
Derivatives financial assets (current portion) as at the end of period decreased by 58.01% compared with the end of last year, mainly due to the decrease in the fair value of the fuel swap contracts held by the Company’s subsidiary, SinoSing Power Pte. Ltd (“Sinosing Power”).

2
Derivatives financial assets (non-current portion) as at the end of period decreased by 65.06% compared with the end of last year, mainly due to the decrease in the fair value of the fuel swap contracts held by the Company’s subsidiary, Sinosing Power.

3
Advance from the customers as at the end of the period decreased by 79.41% compared with the end of last year, mainly due to the decrease in amounts received in advance for heat sales by the Company and its subsidiaries.

4
Capital surplus as at the end of the period decreased by 52.49% compared with the end of last year, mainly due to the result of the business combination under common control.

(b)
Fluctuation analysis of the consolidated income statement items

1
Operating cost increased by 38.55% compared with the same period of last year, mainly due to the increase of fuel price.

2
Income tax expense decreased by 77.93% compared with the same period of last year, mainly due to the decrease of profit before tax.

3
Net profit attributable to equity holders of the Company decreased by 86.97% compared with the same period of last year, mainly due to the increase of fuel price.


6

(c)
Fluctuation analysis of the cash flow statement items

1
Net cash inflows generated from operating activities decreased by 46.96% 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 86.51% compared with the same period of the last year, mainly due to the increase of net cash outflow of the Company for acquisition of its subsidiaries.

3
Net cash inflows generated from financing activities was 5.606 billion, compared that net cash outflows used in financing activities was 9.043 billion for the same period of last year, mainly due to the increased receivables from borrowings and bonds issued by the Company.

3.2
Analysis and description of significant events and their impacts and solutions

R Applicable  £ Not applicable

On 14 October 2016, the Company signed the “Agreement for the Transfer of Equity Interests in Certain Companies with China Huaneng Group (“Huaneng Group”) and Huaneng Power International” (the “Transfer Agreement”) and “Profit Forecast Compensation Agreement made between Huaneng Group and Huaneng Power International” with Huaneng Group in Beijing. The Company has issued a “Connected Transaction Announcement” (no. 2016-041) on The Shanghai Stock Exchange on 14 October 2016.

Pursuant to the Transfer Agreement, the Company acquired the transfer of 80% equity interest of Huaneng Shandong Power Limited (“Shangdong Power”), 100% equity interest of Huaneng Jilin Power Limited (“Jilin Power”), 100% equity interest of Huaneng Heilongjiang Power Limited (“Heilongjiang Power”) and 90% equity interest of Huaneng Henan Zhongyuan Gas Power Generation Co., Ltd. (“Zhongyuan CCGT”) from Huaneng Group for the consideration of RMB15,113,825,800.

This transaction was considered and approved at the 21st meeting of the Eighth Session of the Board held on 14 October 2016, and was considered and approved at the 2016 Second Extraordinary General Meeting held on 30 November 2016.

7

According to the terms of the Transfer Agreement, the Company paid 50% of the consideration for such transaction to Huaneng Group on 9 January 2017. The Company has issued a “Transaction Progress Announcement” (no. 2017-002) on The Shanghai Stock Exchange on 12 January 2017. On 22 March 2017, the Company paid another 20% of the consideration to Huaneng Group. Since 2017, Shangdong Power, Jilin Power, Heilongjiang Power and Zhongyuan CCGT are consolidated into the consolidated financial statements of the Company.

3.3
Undertaking not performed during the reporting period

£ Applicable  R Not applicable

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  R 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)
 
Li Zhensheng (Independent Non-executive Director)
Guo Junming (Non-executive Director)
 
Yue Heng (Independent Non-executive Director)
Liu Guoyue (Executive Director)
 
Geng Jianxin (Independent Non-executive Director)
Fan Xiaxia (Executive Director)
 
Xia Qing (Independent Non-executive Director)
Li Shiqi (Non-executive Director)
 
Xu Mengzhou (Independent Non-executive Director)
Huang Jian (Non-executive Director)
   
Mi Dabin (Non-executive Director)
   
Guo Hongbo (Non-executive Director)
   
Zhu Yousheng (Non-executive Director)
   
Li Song (Non-executive Director)
   


Beijing, the PRC
26 April 2017

8

APPENDIX

HUANENG POWER INTERNATIONAL, INC.
UNAUDITED CONSOLIDATED AND THE COMPANY BALANCE SHEETS (PRC GAAP)
AS AT 31 MARCH 2017

Amounts: In RMB Yuan, except as noted

ASSETS
 
31 March 2017
Consolidated
   
31 December 2016
Consolidated
   
31 March 2017
The Company
   
31 December 2016
The Company
 
         
(Restated)
             
                         
CURRENT ASSETS
                       
Cash at bank and on hand
   
11,143,444,139
     
10,214,184,660
     
2,099,687,485
     
2,438,373,674
 
Derivative financial assets
   
116,980,240
     
278,601,988
     
     
 
Notes receivable
   
2,497,063,242
     
2,639,365,571
     
435,761,427
     
431,185,488
 
Accounts receivable
   
17,401,696,670
     
17,157,638,187
     
4,718,053,409
     
4,407,465,997
 
Advances to suppliers
   
1,229,364,341
     
984,759,911
     
64,599,055
     
75,756,845
 
Interest receivable
   
22,085,309
     
22,130,336
     
31,964,076
     
32,739,114
 
Dividends receivable
   
605,000,000
     
724,452,796
     
1,682,585,571
     
1,766,202,528
 
Other receivables
   
2,259,178,569
     
5,252,966,602
     
2,662,632,985
     
2,165,962,323
 
Inventories
   
6,970,829,350
     
8,046,009,143
     
2,274,897,497
     
2,473,285,313
 
Current portion of non-current assets
   
137,700,457
     
136,304,055
     
     
 
Other current assets
   
2,978,695,292
     
3,203,043,082
     
6,468,452,055
     
7,710,006,668
 
                                 
Total current assets
   
45,362,037,609
     
48,659,456,331
     
20,438,633,560
     
21,500,977,950
 
                                 
NON-CURRENT ASSETS
                               
Available-for-sale financial assets
   
3,649,308,492
     
3,560,927,756
     
3,531,062,490
     
3,443,356,690
 
Derivative financial assets
   
34,846,666
     
99,720,835
     
     
 
Long-term receivables
   
1,327,639,192
     
1,288,416,086
     
     
 
Long-term equity investment
   
19,803,310,801
     
19,715,293,180
     
76,650,657,307
     
68,855,107,466
 
Fixed assets
   
243,167,305,982
     
244,683,029,733
     
55,240,443,773
     
56,158,451,519
 
Fixed assets pending for disposal
   
85,215,275
     
84,252,620
     
79,646
     
78,287
 
Construction-in-progress
   
26,128,986,555
     
26,450,307,392
     
1,293,970,869
     
1,387,177,902
 
Construction materials
   
3,731,648,096
     
3,491,108,686
     
27,944,164
     
21,046,101
 
Intangible assets
   
14,277,062,912
     
14,146,113,642
     
1,606,256,497
     
1,584,581,218
 
Goodwill
   
12,271,917,717
     
11,975,592,060
     
     
 
Long-term deferred expenses
   
246,537,239
     
247,159,746
     
44,300,962
     
46,790,195
 
Deferred income tax assets
   
2,407,768,015
     
2,409,172,786
     
251,371,314
     
286,268,222
 
Other non-current assets
   
3,049,097,682
     
3,064,270,239
     
16,423,787,255
     
15,820,081,996
 
                                 
Total non-current assets
   
330,180,644,624
     
331,215,364,761
     
155,069,874,277
     
147,602,939,596
 
                                 
                                 
TOTAL ASSETS
   
375,542,682,233
     
379,874,821,092
     
175,508,507,837
     
169,103,917,546
 

9


   
31 March 2017
Consolidated
   
31 December 2016
Consolidated
   
31 March 2017
The Company
   
31 December 2016
The Company
 
         
(Restated)
             
                         
LIABILITIES AND SHAREHOLDERS’ EQUITY
                   
                         
CURRENT LIABILITIES
                       
Short-term loans
   
70,024,888,021
     
68,271,074,146
     
35,480,000,000
     
31,430,000,000
 
Derivative financial liabilities
   
177,077,205
     
133,569,473
     
     
 
Notes payable
   
3,352,406,980
     
3,079,004,058
     
     
 
Accounts payable
   
11,626,697,163
     
12,075,280,944
     
3,360,669,581
     
3,820,923,543
 
Advance from customers
   
262,472,573
     
1,274,555,503
     
84,683,597
     
206,609,998
 
Salary and welfare payables
   
514,375,596
     
489,205,753
     
116,669,706
     
105,223,975
 
Taxes payable
   
1,146,882,479
     
1,424,669,239
     
124,774,325
     
287,379,395
 
Interest payables
   
880,589,209
     
761,841,849
     
664,248,558
     
428,747,399
 
Dividends payable
   
1,188,689,556
     
1,575,179,623
     
     
 
Other payables
   
23,594,163,936
     
20,609,472,568
     
6,794,841,712
     
2,325,601,453
 
Current portion of non-current liabilities
   
19,057,412,571
     
18,769,230,955
     
4,900,143,758
     
4,723,645,624
 
Provision
   
32,306,361
     
21,758,030
     
27,077,808
     
18,621,900
 
Other current liabilities
   
27,721,711,257
     
27,680,580,293
     
27,592,394,816
     
27,601,300,850
 
                                 
Total current liabilities
   
159,579,672,907
     
156,165,422,434
     
79,145,503,861
     
70,948,054,137
 
                                 
NON-CURRENT LIABILITIES
                               
Long-term loans
   
103,457,729,242
     
96,911,235,689
     
12,616,295,253
     
6,694,726,348
 
Derivative financial liabilities
   
192,550,247
     
201,169,168
     
44,693,224
     
69,903,969
 
Bonds payable
   
12,187,931,405
     
12,182,970,926
     
12,187,931,405
     
12,182,970,926
 
Long-term payables
   
1,653,773,053
     
1,706,349,058
     
70,483,802
     
78,936,350
 
Long-term Employee benefits payable
   
90,175,195
     
90,779,296
     
145,714
     
172,440
 
Specific accounts payable
   
52,658,757
     
48,135,657
     
30,974,939
     
30,051,839
 
Provision (Non-current)
   
52,444,000
     
52,444,000
     
     
 
Deferred income
   
3,820,782,004
     
3,780,306,593
     
1,846,513,213
     
1,857,343,895
 
Deferred income tax liabilities
   
1,385,876,074
     
1,429,859,071
     
     
 
                                 
Total non-current liabilities
   
122,893,919,977
     
116,403,249,458
     
26,797,037,550
     
20,914,105,767
 
                                 
                                 
TOTAL LIABILITIES
   
282,473,592,884
     
272,568,671,892
     
105,942,541,411
     
91,862,159,904
 


10


   
31 March 2017
Consolidated
   
31 December 2016
Consolidated
   
31 March 2017
The Company
   
31 December 2016
The Company
 
         
(Restated)
             
                         
LIABILITIES AND SHAREHOLDERS’ EQUITY (continued)
 
                         
SHAREHOLDERS’ EQUITY
                       
Share capital
   
15,200,383,440
     
15,200,383,440
     
15,200,383,440
     
15,200,383,440
 
Capital surplus
   
14,030,077,576
     
29,530,847,122
     
8,940,945,801
     
17,017,744,278
 
Other comprehensive income
   
917,274,381
     
700,733,756
     
1,465,877,945
     
1,379,475,802
 
Special reserves
   
53,525,951
     
51,427,080
     
43,004,077
     
41,537,274
 
Surplus reserves
   
8,186,274,738
     
8,186,274,738
     
8,186,274,738
     
8,186,274,738
 
Undistributed profits
   
35,457,343,275
     
34,806,789,007
     
35,729,480,425
     
35,416,342,110
 
                                 
Shareholders’ equity attributable to shareholders of the Company
   
73,844,879,361
     
88,476,455,143
     
69,565,966,426
     
77,241,757,642
 
Non-controlling interests
   
19,224,209,988
     
18,829,694,057
     
     
 
                                 
Total shareholders’ equity
   
93,069,089,349
     
107,306,149,200
     
69,565,966,426
     
77,241,757,642
 
                                 
                                 
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
   
375,542,682,233
     
379,874,821,092
     
175,508,507,837
     
169,103,917,546
 





Legal representative:
 
Person in charge of
accounting function:
 
Person in charge of
accounting department:
Cao Peixi
 
Huang Lixin
 
Li Yinghui


11

HUANENG POWER INTERNATIONAL, INC.
UNAUDITED CONSOLIDATED AND THE COMPANY INCOME STATEMENTS (PRC GAAP)
FOR THE FIRST QUARTER ENDED 31 MARCH, 2017

Amounts: In RMB Yuan, except as noted

   
For the quarter ended 31 March 2017
Consolidated
 
For the quarter ended 31 March 2016
Consolidated
 
For the quarter ended 31 March 2017
The Company
 
For the quarter ended 31 March 2016
The Company
       
(Restated)
       
                 
Operating revenue
 
37,577,079,025
 
34,943,310,711
 
10,750,700,409
 
10,151,768,593
Less: 
Operating cost
 
32,953,324,536
 
23,783,662,561
 
9,337,922,698
 
6,574,174,214
 
Tax and levies
 
313,714,151
 
336,039,771
 
109,504,442
 
117,564,952
 
Selling expenses
 
2,802,414
 
776,023
 
777,282
 
 
General and administrative expenses
 
884,601,239
 
1,152,769,712
 
405,320,993
 
502,313,445
 
Financial expenses
 
2,176,396,597
 
2,155,160,230
 
841,961,205
 
924,076,099
 
Asset impairment loss
 
174,376
 
7,436,393
 
 
Add:  
Loss on fair value changes of financial assets/liabilities
 
(6,759,821)
 
(29,459)
 
 
 
Investment income
 
111,992,755
 
1,510,747,806
 
277,946,924
 
442,994,291
 
Including: Investment income from associates and joint ventures
 
94,947,154
 
220,286,236
 
23,117,235
 
144,976,547
                 
                 
Operating profit
 
1,351,298,646
 
9,018,184,368
 
333,160,713
 
2,476,634,174
Add:
Non-operating income
 
119,445,526
 
94,802,999
 
47,327,982
 
41,998,092
 
Including: gain on disposals of non-current assets
 
568,989
 
684,714
 
6,410
 
253,456
Less:
Non-operating expenses
 
7,826,823
 
9,050,750
 
753,874
 
1,708,899
 
Including: loss on disposals of non-current assets
 
861,613
 
1,054,473
 
36,179
 
264,849
                 
                 
Profit before tax
 
1,462,917,349
 
9,103,936,617
 
379,734,821
 
2,516,923,367
Less:
Income tax expense
 
493,018,593
 
2,233,905,666
 
65,171,506
 
595,658,672
                 
                 
Net profit
 
969,898,756
 
6,870,030,951
 
314,563,315
 
1,921,264,695
                 
                 
Including: 
Net profit generated by acquiree before business combination under common control
 
 
1,873,873,906
 
 
Attributable to:
               
 
Shareholders of the Company
 
651,979,268
 
5,004,567,025
 
314,563,315
 
1,921,264,695
 
Non-controlling interests
 
317,919,488
 
1,865,463,926
 
 
                 
Earnings per share (based on the net profit attributable to shareholders of the Company)
               
 
– Basic earnings per share
 
0.04
 
0.33
 
 
 
– Diluted earnings per share
 
0.04
 
0.33
 
 
 
 
12

 
                 
Other comprehensive income/(loss), net of tax
 
215,761,690
 
448,612,352
 
86,402,143
 
(265,796,147)
Other comprehensive income (net of tax) attributed to shareholders of the company that may be reclassified to profit or loss
 
216,540,625
 
448,147,776
 
86,402,143
 
(265,796,147)
Including:
               
Gains or losses arising from changes in fair value of available-for-sale financial assets
 
66,222,637
 
(247,257,360)
 
65,779,350
 
(247,257,360)
Share of other comprehensive income of the equity-accounted investee
 
1,714,734
 
(12,094,690)
 
1,714,734
 
(12,094,690)
Effective hedging portion of Gain or losses arising from cash flow hedging instruments
 
(212,910,866)
 
176,493,265
 
18,908,059
 
(6,444,097)
Translation differences of the financial statements of foreign operations
 
361,514,120
 
531,006,561
 
 
Other comprehensive income (net of tax) attributable to non-controlling interests
 
(778,935)
 
464,576
 
 
                 
                 
Total comprehensive income
 
1,185,660,446
 
7,318,643,303
 
400,965,458
 
1,655,468,548
                 
Attributable to:
               
Shareholders of the Company
 
868,519,893
 
5,452,714,801
 
400,965,458
 
1,655,468,548
Non-controlling interests
 
317,140,553
 
1,865,928,502
 
 





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 CASH FLOW STATEMENTS (PRC GAAP)
FOR THE FIRST QUARTER ENDED 31 MARCH, 2017

Amounts: In RMB Yuan, except as noted

Items
 
For the quarter ended 31 March 2017
Consolidated
   
For the quarter ended 31 March 2016
Consolidated
   
For the quarter ended 31 March 2017
The Company
   
For the quarter ended 31 March 2016
The Company
 
         
(Restated)
             
                         
Cash flows generated from operating activities
                       
Cash received from sales of goods and services rendered
   
41,165,577,375
     
40,599,487,518
     
11,616,392,800
     
11,916,608,905
 
Cash received from return of taxes and fees
   
9,490,289
     
19,897,723
     
     
 
Other cash received relating to operating activities
   
232,814,585
     
385,979,943
     
8,414,707
     
224,147,181
 
                                 
                                 
Sub-total of cash inflows of operating activities
   
41,407,882,249
     
41,005,365,184
     
11,624,807,507
     
12,140,756,086
 
                                 
                                 
Cash paid for goods and services received
   
28,493,292,193
     
19,199,142,320
     
9,164,096,635
     
5,938,914,826
 
Cash paid to and on behalf of employees including salary, social welfare, education funds and others in such manner
   
2,255,089,291
     
2,418,888,702
     
853,855,510
     
829,647,162
 
Payments of taxes
   
2,443,659,059
     
4,566,528,009
     
803,474,070
     
1,347,860,381
 
Other cash paid relating to operating activities
   
566,847,396
     
399,497,308
     
258,328,598
     
211,529,322
 
                                 
                                 
Sub-total of cash outflows of operating activities
   
33,758,887,939
     
26,584,056,339
     
11,079,754,813
     
8,327,951,691
 
                                 
                                 
Net cash flows generated from operating activities
   
7,648,994,310
     
14,421,308,845
     
545,052,694
     
3,812,804,395
 
                                 
Cash flows used in investing activities
                               
Cash received from withdrawal of investment
   
741,000,000
     
     
656,000,000
     
2,960,100,000
 
Cash received on investment income
   
135,181,300
     
279,553,763
     
338,446,647
     
694,773,538
 
Net cash received from disposals of fixed assets, intangible assets and other long-term assets
   
4,069,937
     
17,499,503
     
566,105
     
3,315,833
 
Net cash received from disposals of subsidiaries
   
     
981,431,545
     
     
 
Other cash received relating to investing activities
   
18,826,840
     
518,503
     
     
 
                                 
                                 
Sub-total of cash inflows of investing activities
   
899,078,077
     
1,279,003,314
     
995,012,752
     
3,658,189,371
 
                                 
                                 
Cash paid for acquiring fixed assets, intangible assets and other long-term assets
   
4,908,333,996
     
5,906,301,416
     
472,745,835
     
957,634,050
 
Cash paid for investments
   
5,000,000
     
656,560,800
     
10,947,596,516
     
478,264,000
 
Net cash paid for acquiring subsidiaries
   
5,975,034,785
     
     
     
 
Other cash paid relating to investing activities
   
3,953,115
     
74,074,141
     
     
 
                                 
Sub-total of cash outflows of investing activities
   
10,892,321,896
     
6,636,936,357
     
11,420,342,351
     
1,435,898,050
 
                                 
                                 
Net cash flows (used in)/provided by investing activities
   
(9,993,243,819
)
   
(5,357,933,043
)
   
(10,425,329,599
)
   
2,222,291,321
 


14


Items
 
For the quarter ended 31 March 2017
Consolidated
   
For the quarter ended 31 March 2016
Consolidated
   
For the quarter ended 31 March 2017
The Company
   
For the quarter ended 31 March 2016
The Company
 
         
(Restated)
             
                         
Cash flows used in financing activities
                       
Cash received from investments
   
77,296,700
     
21,700,000
     
     
 
Including: cash received from non-controlling interests of subsidiaries
   
77,296,700
     
21,700,000
     
     
 
Cash received from borrowings
   
44,898,522,845
     
21,001,564,280
     
35,422,940,000
     
10,200,000,000
 
Cash received from issuance of bonds
   
9,988,679,245
     
6,000,000,000
     
9,988,679,245
     
6,000,000,000
 
Other cash received relating to financing activities
   
70,517,734
     
28,890,951
     
48,345,464
     
10,238,903
 
                                 
Sub-total of cash inflows of financing activities
   
55,035,016,524
     
27,052,155,231
     
45,459,964,709
     
16,210,238,903
 
                                 
Repayments of borrowings
   
46,753,048,728
     
33,833,112,688
     
35,266,153,239
     
20,543,126,424
 
Payments for dividends, profit or interest expense
   
2,619,561,222
     
2,202,246,042
     
618,147,901
     
623,026,816
 
Including: dividends paid to non-controlling interests of subsidiaries
   
386,490,067
     
3,760,001
     
     
 
Other cash paid relating to financing activities
   
56,046,987
     
59,871,031
     
22,075,472
     
18,000,000
 
                                 
Sub-total of cash outflows of financing activities
   
49,428,656,937
     
36,095,229,761
     
35,906,376,612
     
21,184,153,240
 
                                 
                                 
Net cash flows provided by/(used in) financing activities
   
5,606,359,587
     
(9,043,074,530
)
   
9,553,588,097
     
(4,973,914,337
)
                                 
Effect of exchange rate fluctuations on cash held
   
28,909,385
     
40,060,711
     
(23,951
)
   
 
                                 
Net increase/(decrease) in cash
   
3,291,019,463
     
60,361,983
     
(326,712,759
)
   
1,061,181,379
 
Add: cash at beginning of period
   
7,810,500,999
     
10,699,080,919
     
2,415,460,603
     
2,260,430,516
 
                                 
Cash at end of period
   
11,101,520,462
     
10,759,442,902
     
2,088,747,844
     
3,321,611,895
 




Legal representative:
 
Person in charge of
accounting function:
 
Person in charge of
accounting department:
Cao Peixi
 
Huang Lixin
 
Li Yinghui



15


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/ Du Daming
     
     
     
     
 
Name:
Du Daming
     
 
Title:
Company Secretary

Date:     April 26, 2017