form6k.htm

 
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, 2010

(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.
West Wing, Building C, Tianyin Mansion
No. 2C Fuxingmennan Street
Xicheng District
Beijing, 100031 PRC

 
 
 


This Form 6-K consists of:

an announcement on first quarterly report of 2010 of Huaneng Power International, Inc. (the “Registrant”), made by the Registrant on April 20, 2010.
 

 
 
 

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.


FIRST QUARTERLY REPORT OF 2010

Pursuant to the regulations of the China Securities Regulatory Commission, Huaneng Power International, Inc. (the ÒCompanyÓ) 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 (ÒPRC GAAPÓ).
 
This announcement is made pursuant to Rules 13.09 (1) and (2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.


1.
IMPORTANT NOTICE
     
 
1.1
The board of directors and the supervisory committee of the Company 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
Mr. Cao Peixi (Chairman), Ms. Zhou Hui (person in charge of accounting function)


 
 
 


   
and Mr. Huang Lixin (person in charge of the Financial Department) warrant the truthfulness and completeness of the content of the first quarterly report of 2010.
     
 
1.4
This announcement is made pursuant to Rules 13.09 (1) and (2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
     
2.
COMPANY PROFILE
     
 
2.1
Major financial information and financial indicators (PRC GAAP) (unaudited)

 (Amounts: In Rmb Yuan)
 
End of
current reporting
period
End of last year
Variance from
end of last year
     
(%)
       
Total Assets
199,798,664,681
193,997,126,854
2.99
Owners’ equity (Shareholders’ equity)
41,769,744,547
41,015,519,318
1.84
Net assets per share attributable
 to shareholders of the listed company
3.46
3.40
1.76
       
   
From
the beginning of
the year to the end
of current
reporting period
Variance
from equivalent
period of
last year
     
 (%)
       
Net cash inflow from operating activities
  
4,252,227,140
(3.45)
Net cash inflow from
 operating activities per share
  
0.35
(5.41)
       
 
Current
reporting period
From
the beginning of
the year to the end
of current
reporting period
Variance
from equivalent
period of
last year
     
(%)
       


 
 
 


Net profit attributable to shareholders
 of the listed company
952,820,736
952,820,736
40.90
Basic earnings per share
0.08
0.08
33.33
Basic earnings per share after
 deducting non-recurring items
0.07
0.07
75.00
Diluted earnings per share
0.08
0.08
33.33
Return on net assets
 (weighted average) (%)
2.30
2.30
Increased by 0.55
     
percentage points
Return on net assets after deducting
 non-recurring items
 (weighted average) (%)
2.12
2.12
Increased by 0.73
     
percentage points

   
Deducting non-recurring items and amounts

Non-recurring items
Total amount
from the
beginning of
the year to
the end of
current
reporting period
 
(Rmb Yuan)
   
Gains from disposal of non-current assets
(379,033)
Government grant recorded in income statement,
 excluding government grant closely related to
 the Company’s business and calculated according
 to national unified standards
105,161,265
Gains on 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
9,254,373
Reversal of provision for doubtful accounts receivable
 individually tested for impairments
243,487


 
 
 


Other non-operating income and
 expenses excluding the above items
(2,333,473)
Tax impact of non-recurring items
(10,956,479)
Impact of minority interests, net of tax
(25,016,593)
 
 
   
Total
75,973,547
 
 
 
 
Note 1:
All financial information and indicators relating to equity and profit described above are attributable to the ordinary shareholders of the Company.
     
 
Note 2:
As for the subsidiaries acquired through business combinations under common control, the Company had restated the figures in the consolidated income statement and cash flow statement for the corresponding period of last year and the financial indicators relating to net profit and net cash flows generated from operating activities of the corresponding period of last year.

 
2.2
Total number of shareholders and shareholding of the ten largest holders of shares in circulation as at the end of the reporting period
     
   
Total number of shareholders as at the end of the reporting period: 162,726 (including 161,974 holders of A shares, 609 holders of H shares and 143 holders of ADR).
     
   
Ten largest holders of shares in circulation without any selling restrictions

Name of shareholder (full name)
Number of
shares in
circulation
without any
selling
restrictions as
at the end of
the reporting
period
Type of shares
     
Hebei Construction & Investment Group Co., Ltd.
603,000,000
A shares


 
 
 


Jiangsu Provincial Investment &
 Management Limited Liability Company
416,500,000
A shares
Fujian Investment Enterprise
 Holdings Company
374,466,667
A shares
Liaoning Energy Investment (Group)
 Limited Liability Company
332,913,333
A shares
Dalian Municipal Construction
 Investment Company Limited
301,500,000
A shares
Blackrock, Inc.
235,213,948
H shares
Horizon Asset Management, Inc.
92,725,080
H shares
Nantong Investment Management
 Limited Company
91,164,487
A shares
Minxin Group Limited Company
72,000,000
A shares
Philadelphia International Advisors, L.P.
47,162,840
H shares

3
SIGNIFICANT EVENTS
     
 
3.1
Disclosure as to, and reasons for, material changes in accounting items and financial indices of the Company

ü
 Applicable
  
 Not Applicable
 
   
(1)
Fluctuation analysis of balance sheet items
         
     
1)
The derivative financial assets(current portion) as at the end of the reporting period decreased by 62.65% compared with the beginning of the reporting period, mainly because of the decrease in the fair value of fuel hedging contracts due to the fluctuation of the price of international crude oil.
         
     
2)
The notes receivable as at the end of the reporting period increased by 93.03% compared with the beginning of the reporting period, mainly because the notes were not due.
         
     
3)
The interest receivable as at the end of the reporting period decreased by 85.63% compared with the beginning of the reporting period, mainly


 
 
 


       
because of the collection of interest receivable due.
         
     
4)
The other receivables as at the end of the reporting period increased by 181.19% compared with the beginning of the reporting period, mainly because of prepayments for investment.
         
     
5)
The other current assets as at the end of the reporting period increased by 37.82% compared with the beginning of the reporting period, mainly because of the increase of prepaid insurance expenses.
         
     
6)
The derivative financial assets(non-current portion) as at the end of the reporting period decreased by 82.59% compared with the beginning of the reporting period, mainly because of the decrease in the fair value of hedging contracts.
         
     
7)
The advance from customers as at the end of the reporting period decreased by 51.17% compared with the beginning of the reporting period, mainly because revenues were recognized based on accrual basis.
         
     
8)
The derivative financial liabilities (non-current portion) as at the end of the reporting period decreased by 52.83% compared with the beginning of the reporting period, mainly because of the increase in the fair value of foreign exchange hedging contracts.
         
     
9)
The long-term payables as at the end of the reporting period decreased by 33.64% compared with the beginning of the reporting period, mainly because the related payables had been settled for the services received.
         
   
(2)
Fluctuation analysis of income statement items
         
     
1)
The operating revenue for the reporting period increased by 38.73% compared with the same period of last year, mainly due to the expansion of the Company’s operation.
         
     
2)
The operating cost for the reporting period increased by 43.84% compared with the same period of last year, mainly due to the increase of fuel price and the expansion of the Company’s operation.
         
     
3)
The tax and levies on operations of the reporting period decreased by


 
 
 


       
36.39% compared with the same period of last year, mainly due to the decrease of the value-added tax payments, the relating taxes and surcharges decreased accordingly.
         
     
4)
The selling expenses for the reporting period increased by 105.21% compared with the same period of last year, mainly due to the marketing expansion by the subsidiaries of the Company.
         
     
5)
The general and administrative expense for the reporting period increased by 31.22% compared with the same period of last year, mainly due to the  expansion of the Company’s operation.
         
     
6)
The reversal of asset impairment losses for the reporting period decreased by 89.62% compared with the same period last year, mainly due to higher reversal of provision for doubtful accounts receivable in the same period last year.
         
     
7)
The gains from fair value change for the reporting period increased by 189.05% compared with the same period of last year, mainly due to the fair value changes of overseas subsidiaries’ fuel hedging contracts.
         
     
8)
The investment income for the reporting period increased by 98.77% compared with the same period of last year, mainly due to the increased profit of associated companies.
         
     
9)
The non-operating income for the reporting period increased by 179.82% compared with the same period of last year, mainly due to the increased amortisation of government subsidy.
         
     
10)
The non-operating expense for the reporting period decreased by 71.01% compared with the same period of last year, mainly due to the decreased donation by the Company.
         
     
11)
The income tax for the reporting period increased by 180.98% compared with the same period of last year, mainly due to profit made by the Company and its subsidiaries.
         
     
12)
Net profit attributable to the shareholders of the Company for the reporting period increased by 40.90% compared with the same period of last year,


 
 
 


       
mainly due to the significant increase in power generation by the Company.
         
 
3.2
The progress on significant events and their impact as well as the analysis and explanations for their solutions

ü
 Applicable
  
 Not Applicable


   
(1)
On 15 January 2010, the 8th Meeting of the Sixth Session of the Board of Directors considered and approved by written resolutions the resolutions regarding the non-public issue of A Shares and the non-public issue of H Shares.
       
     
On 18 January 2010, the Company announced the resolutions regarding the non-public issue of A Shares and the non-public issue of H Shares. The parties participating in the non-public A Share issue would consist of not more than 10 designated investors including Huaneng Group. The party participating in the non-public H Share issue would be China Hua Neng Group Hong Kong Limited. All participating parties would subscribe for the shares in cash. The number of A Shares and H Shares to be issued under the non-public issue would not exceed 1,200 million A Shares and 400 million H Shares respectively. The issue price per A Share would be not less than RMB7.13. The final subscription price per A Share would be ascertained on the book-building basis after obtaining the approval document for the new issue from the China Securities Regulatory Commission. The issue price per H Share would be HKD4.97.
       
     
In February 2010, approvals were given by the State-owned Assets Supervision and Administration Commission of the State Council, approving in principle the resolutions of the Company’s non-public issue of shares.
       
     
On 16 March 2010, relevant resolutions regarding this issue were approved in the 2010 First Extraordinary General Meeting, the 2010 First Class Meeting of Holders of A Shares and the 2010 First Class Meeting of Holders of H Shares, respectively convened  by the Company.
       
     
The implementation of the resolutions regarding the non-public issue of A Shares and H Shares has to be approved by the China Securities Regulatory Commission, and in such form as ultimately approved by the China securities Regulatory Commission. According to the provisions of the applicable laws, this issue still requires the approvals on matters relevant to the issue from other


 
 
 


     
competent government authorities.
       
     
For relevant announcements relating to this non-public issue of A Shares and H Shares, please refer to ÒChina Securities JournalÓ, ÒShanghai Securities NewsÓ or the informations on the website of the Shanghai Stock Exchange (www.sse.com.cn), by clicking  ÒInformation on Listed CompaniesÓ with the Company’s stock code (600011).
       
   
2.
On 30 December 2009, the Sixth Session of the Board of Directors of the Company considered and approved by written resolutions the resolutions regarding the acquisition of shareholdings and assets of certain subsidiaries of ShanDong Electric Power Corporation by Huaneng Power International, Inc..
       
     
On 31 December 2009, the Company entered into an Equity Interest Transfer Contract with ShanDong Electric Power Corporation and ShanDong Luneng Development Group Company Limited. According to the equity interest transfer contract, the Company will acquire 100% equity interest in the registered capital of Diandong Energy, 100% equity interest in the registered capital of Diandong Yuwang, 100% equity interest in the registered capital of Zhanhua Co-generation, 100% equity interest in the registered capital of Luneng Biological, 60.25% equity interest in the registered capital of Luoyuanwan Harbour, 58.3% equity interest in the registered capital of Luoyuanwan Pier, 73.46% equity interest in the registered capital of Ludao Pier, 100% equity interest in the registered capital of Luneng Jiaonan Port, 53% equity interest in the registered capital of Luneng Sea Transportation, preliminary stage project development rights (including Rizhao Lanshan 4 x 660MW coal-fired project and Luoyuanwan 2 x 660MW coal-fired project), all of which were owned by ShanDong Electric Power Corporation, and 39.75% equity interest in the registered capital of Luoyuanwan Harbour owned by Luneng Development.
       
     
The Company will pay the transferors in total RMB8.625 billion as the consideration for the acquisitions. The acquisitions are still subject to filing procedure regarding to the state-owned assets assessment according to law and also subject to approval to be obtained from the relevant government departments.
       
     
For relevant announcements relating to this transactions, please refer to ÒChina Securities JournalÓ, ÒShanghai Securities NewÓ or the information on the website of the Shanghai Stock Exchange (www.sse.com.cn) , by clicking


 
 
 


     
ÒInformation on Listed CompaniesÓ with the Company’s stock code (600011).
       
 
3.3
Status of performance of undertakings given by the Company, shareholders and de facto controller

ü
 Applicable
  
 Not Applicable


   
China Huaneng Group and Huaneng International Power Development Corporation undertook not to trade their shares in the Company which are subject to non-disposal restriction on the market within 60 months starting from 19 April 2006. Since the implementation on 19 April 2006, China Securities Depository and Clearing Corporation Limited (Shanghai branch) has been entrusted to hold such shares for the lock-up arrangement.
     
 
3.4
Disclosure as to, and reasons for, the warning in respect of forecast of a probable loss in respect of the accumulated net profit from the beginning of the financial year to the end of the next reporting period or any significant changes in profit as compared with that of the corresponding period of last year

 
 Applicable
ü
 Not Applicable


 
3.5
Implementation status regarding the policy of the cash dividend bonus issue during the reporting period
     
   
None

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
Liu Jipeng
(Executive Director)
(Independent Non-executive Director)
Huang Long
Yu Ning
(Non-executive Director)
(Independent Non-executive Director)
Wu Dawei
Shao Shiwei
(Non-executive Director)
(Independent Non-executive Director)
Huang Jian
Zheng Jianchao
(Non-executive Director)
(Independent Non-executive Director)
Liu Guoyue
Wu Liansheng
(Executive Director)
(Independent Non-executive Director)
Fan Xiaxia
  
(Executive Director)
  
Shan Qunying
  
(Non-executive Director)
  
Xu Zujian
  
(Non-executive Director)
  
Huang Mingyuan
  
(Non-executive Director)
  
Liu Shuyuan
  
(Non-executive Director)
  

Beijing, the PRC
20 April 2010

APPENDIX

HUANENG POWER INTERNATIONAL, INC.
UNAUDITED CONSOLIDATED AND THE COMPANY BALANCE SHEETS
 (PRC GAAP)
AS AT 31 MARCH, 2010

Amounts: In Rmb Yuan

 
31 March
2010
31 December
2009
31 March
2010
31 December
2009
ASSETS
Consolidated
Consolidated
The Company
The Company
         
CURRENT ASSETS
        
 Bank balances and cash
6,277,606,713
5,452,049,814
1,402,448,790
1,461,569,493
 Derivative financial assets
52,992,478
141,885,707
—
—
 Notes receivable
678,744,269
351,630,301
148,277,751
41,816,000
 Accounts receivable
9,846,038,009
9,691,272,481
4,944,829,075
5,231,868,409
 Advances to suppliers
1,196,065,488
1,024,217,112
1,140,914,550
898,157,690


 
 
 


 Interest receivable
101,719
707,768
14,488,678
14,393,786
 Dividend receivable
—
—
58,600,861
58,600,861
 Other receivables
3,327,651,558
1,183,405,939
3,897,039,720
1,087,555,177
 Inventories
4,076,542,546
4,083,985,593
2,103,914,660
1,699,440,182
 Current portion of non-current assets
19,514,556
19,547,650
—
—
 Other current assets
63,568,708
46,123,151
8,687,666,899
7,931,343,151
 
 
 
 
 
         
Total current assets
25,538,826,044
21,994,825,516
22,398,180,984
18,424,744,749
 
 
 
 
 
         
NON-CURRENT ASSETS
        
 Available-for-sale financial assets
2,149,765,380
2,293,998,840
2,149,765,380
2,293,998,840
 Derivative financial assets
7,810,262
44,863,269
5,461,040
39,585,882
 Long-term equity investments
9,925,623,709
9,550,498,199
30,764,275,559
29,990,652,656
 Fixed assets
116,307,093,522
108,768,695,177
58,810,580,118
58,120,774,578
 Construction-in-progress
17,747,328,234
23,636,990,139
5,446,705,608
5,974,997,478
 Construction materials
8,873,672,094
8,764,873,990
2,929,714,216
3,405,535,273
 Intangible assets
7,321,098,860
7,085,887,464
1,731,549,951
1,737,823,371
 Goodwill
10,940,195,057
10,912,159,288
1,528,308
1,528,308
 Long-term deferred expenses
158,259,006
164,133,436
12,837,693
12,792,579
 Deferred income tax assets
593,101,422
547,664,305
332,478,160
272,566,233
 Other non-current assets
235,891,091
232,537,231
10,395,000,000
10,395,000,000
 
 
 
 
 
         
Total non-current assets
174,259,838,637
172,002,301,338
112,579,896,033
112,245,255,198
 
 
 
 
 
         
TOTAL ASSETS
199,798,664,681
193,997,126,854
134,978,077,017
130,669,999,947
 
 
 
 
 


LIABILITIES AND
 SHAREHOLDERS’ EQUITY
31 March
2010
31 December
2009
31 March
2010
31 December
2009
 
Consolidated
Consolidated
The Company
The Company
         
CURRENT LIABILITIES
        
 Short-term loans
28,256,897,575
24,729,816,119
20,260,491,425
17,638,361,762
 Derivative financial liabilities
15,102,767
13,403,141
—
—


 
 
 


 Notes payable
71,475,000
71,475,000
71,475,000
71,475,000
 Accounts payable
4,985,107,651
4,314,985,860
2,420,537,271
2,091,342,954
 Advance from customers
50,165,139
102,728,785
16,602,930
45,452,777
 Salary and welfare payables
284,654,539
290,527,379
140,684,512
130,388,810
 Taxes payables
(1,703,096,611)
(1,544,137,768)
(740,510,780)
(613,098,027)
 Interest payables
601,375,081
490,239,080
539,202,904
342,698,089
 Dividends payable
20,733,907
20,733,907
—
—
 Other payables
9,069,229,512
8,374,609,135
4,598,551,685
4,605,533,250
 Current portion of
  non-current liabilities
7,484,576,819
9,250,248,143
5,826,905,933
7,073,302,033
 Other current liabilities
10,469,939,823
10,442,145,076
10,334,201,332
10,379,065,434
 
 
 
 
 
         
Total current liabilities
59,606,161,202
56,556,773,857
43,468,142,212
41,764,522,082
 
 
 
 
 
         
NON-CURRENT LIABILITIES
        
 Long-term loans
72,934,331,758
71,266,754,880
34,926,652,853
32,518,894,102
 Derivative financial liabilities
400,777
849,636
—
—
 Bonds payable
13,807,716,333
13,800,114,589
13,807,716,333
13,800,114,589
 Long-term payable
15,832,186
23,858,743
—
—
 Deferred income tax liabilities
1,414,641,189
1,386,493,492
—
—
 Other non-current liabilities
2,250,582,597
2,245,400,134
2,124,762,262
2,117,300,914
 
 
 
 
 
         
Total non-current liabilities
90,423,504,840
88,723,471,474
50,859,131,448
48,436,309,605
 
 
 
 
 
         
TOTAL LIABILITIES
150,029,666,042
145,280,245,331
94,327,273,660
90,200,831,687
 
 
 
 
 
         
SHAREHOLDERS’ EQUITY
        
 Share capital
12,055,383,440
12,055,383,440
12,055,383,440
12,055,383,440
 Capital surplus
9,131,248,172
9,349,129,414
7,241,989,099
7,376,680,693
 Surplus reserves
6,142,345,063
6,142,345,063
6,142,345,063
6,142,345,063
 Undistributed profits
14,783,549,438
13,830,728,702
15,211,085,755
14,894,759,064
 Currency translation difference
(342,781,566)
(362,067,301)
—
—
 
 
 
 
 
         
 Shareholder’s equity attributable
  to shareholders of the Company
41,769,744,547
41,015,519,318
40,650,803,357
40,469,168,260


 
 
 


 Minority interests
7,999,254,092
7,701,362,205
—
—
 
 
 
 
 
         
Total shareholders’ equity
49,768,998,639
48,716,881,523
40,650,803,357
40,469,168,260
 
 
 
 
 
         
TOTAL LIABILITIES
 AND SHAREHOLDERS’ EQUITY
199,798,664,681
193,997,126,854
134,978,077,017
130,669,999,947
 
 
 
 
 


 
Person in charge of
Person in charge of
Legal representative:
accounting function:
 accounting department:
Cao Peixi
Zhou Hui
Huang Lixin

 
HUANENG POWER INTERNATIONAL, INC.
 
UNAUDITED CONSOLIDATED AND THE COMPANY INCOME STATEMENTS
 
 (PRC GAAP)
FOR THE FIRST QUARTER ENDED 31 MARCH, 2010

Amounts: In Rmb Yuan

 
For the quarter ended 31 March
 
2010
2009
2010
2009
 
Consolidated
Consolidated
The Company
The Company
   
(Restated)
    
         
1.
Operating revenue
24,338,577,084
17,543,967,346
12,051,259,085
9,241,239,628
 
Less:
Operating cost
(21,416,655,991)
(14,889,517,115)
(10,736,176,861)
(7,915,062,207)
   
Tax and levies on operations
(29,354,433)
(46,147,972)
(9,248,761)
(4,944,894)
   
Selling expenses
(612,714)
(298,574)
—
—
 
 
General and administrative expenses
(617,488,291)
(470,583,047)
(393,040,778)
(294,622,316)
   
Financial expenses, net
(1,122,426,738)
(1,270,779,169)
(759,647,094)
(612,999,106)
   
Asset impairment losses
257,575
2,481,534
49,942
2,500
 
 
Gain/(Loss) from fair value changes
9,254,373
(10,392,434)
—
—


 
 
 


 
Add:
Investment income
149,296,919
75,109,009
158,019,571
75,006,910
   
Including:
Share of profits of  associates
158,435,577
75,109,009
158,019,571
75,006,910
 
 
 
 
 
         
2.
Operating profit
1,310,847,784
933,839,578
311,215,104
488,620,515
 
Add:
Non-operating income
105,546,674
37,718,907
41,305,858
34,769,261
 
Less:
Non-operating expenses
(3,097,915)
(10,685,325)
(2,353,550)
(4,447,985)
 
  
Including:
loss on disposals of non-current asset
(651,510)
—
(33,717)
—
 
 
 
 
 
         
3.
Profit before taxation
1,413,296,543
960,873,160
350,167,412
518,941,791
 
Less:
Income tax expense
(272,045,718)
(96,819,444)
(33,840,721)
51,649,167
 
 
 
 
 
         
4.
Net profit
1,141,250,825
864,053,716
316,326,691
570,590,958
 
 
 
 
 
         
 
 Including: net profit generated by acquiree before business combination under  common control
—
285,799,857
—
—
 
Attributable to:
        
 
Shareholders of the Company
952,820,736
676,246,678
316,326,691
570,590,958
 
Minority interests
188,430,089
187,807,038
—
—
         
5.
 
Earnings per share (based on   the net profit attributable to shareholders of the Company)
        
 
Basic earnings per share
0.08
0.06
    
 
Diluted earnings per share
0.08
0.06
    
         
6.
Other comprehensive (loss)/income
(198,473,707)
378,720,081
(134,691,593)
286,824,437
 
 
 
 
 
         
7.
Total comprehensive income
942,777,118
1,242,773,797
181,635,098
857,415,395
 
 
 
 
 
         
 
Attributable to
        


 
 
 


 
Shareholders of the Company
754,225,230
1,085,011,574
181,635,098
857,415,395
 
Minority interests
188,551,888
157,762,223
—
—


 
Person in charge of
Person in charge of
Legal representative:
accounting function:
 accounting department:
Cao Peixi
Zhou Hui
Huang Lixin

 
HUANENG POWER INTERNATIONAL, INC.
 
UNAUDITED CONSOLIDATED AND
 
 THE COMPANY CASH FLOW STATEMENTS (PRC GAAP)
FOR THE FIRST QUARTER ENDED 31 MARCH, 2010

Amounts: In Rmb Yuan

 
For the quarter ended 31 March
 
2010
2009
2010
2009
Items
Consolidated
Consolidated
The Company
The Company
   
(Restated)
    
         
1.
Cash flows generated from    operating activities
        
 
Cash received from sales of goods and services rendered
26,194,411,484
19,373,511,077
14,297,098,263
10,483,079,149
 
Cash received from return of taxes and fees
2,250,543
—
—
—
 
Other cash received relating to operating activities
79,531,804
64,230,857
14,312,551
52,540,637
 
 
 
 
 
         
 
Sub-total of cash inflows of  operating activities
26,276,193,831
19,437,741,934
14,311,410,814
10,535,619,786
 
 
 
 
 
         
 
Cash paid for goods and services received
(19,382,079,160)
(12,454,019,327)
(11,371,783,727)
(7,046,103,318)
 
Cash paid to and on behalf of employees
(1,027,547,017)
(869,300,608)
(590,608,660)
(533,392,135)
 
Payments of all types of taxes
(1,380,032,532)
(1,510,976,433)
(813,746,993)
(779,446,524)


 
 
 


 
Other cash paid relating to operating activities
(234,307,982)
(199,107,249)
(127,463,883)
(88,290,463)
 
 
 
 
 
         
 
Sub-total of cash outflows of operating activities
(22,023,966,691)
(15,033,403,617)
(12,903,603,263)
(8,447,232,440)
 
 
 
 
 
         
 
Net cash flows generated from operating activities
4,252,227,140
4,404,338,317
1,407,807,551
2,088,387,346
 
 
 
 
 
         
2.
Cash flows generated from investing activities
        
 
Cash received from investment income
—
—
205,058,813
—
 
Net cash received from disposals of fixed assets, intangible assets and other long-term assets
1,446,792
3,260,958
1,047,199
2,056,260
 
Other cash received relating to investing activities
4,242,286
2,968,055
—
—
 
 
 
 
 
         
 
Sub-total of cash inflows of investing activities
5,689,078
6,229,013
206,106,012
2,056,260
 
 
 
 
 
         
 
Cash paid to acquire fixed assets, intangible assets and other long-term assets
(3,614,777,529)
(4,823,509,851)
(852,443,238)
(2,253,298,044)
 
Cash paid for investments
(2,217,612,800)
(1,620,000)
(3,939,905,874)
(301,620,000)
 
 
 
 
 
         
 
Sub-total of cash outflows of investing activities
(5,832,390,329)
(4,825,129,851)
(4,792,349,112)
(2,554,918,044)
 
 
 
 
 
         
 
Net cash flows used in investing activities
(5,826,701,251)
(4,818,900,838)
(4,586,243,100)
(2,552,861,784)
 
 
 
 
 
         
3.
Cash flows generated from financing activities
        


 
 
 


 
Cash received from investments
109,340,000
—
—
—
 
Including:
cash received from minority  shareholders of subsidiaries
109,340,000
—
—
—
 
Cash received from borrowings
16,223,143,800
7,939,000,000
12,780,000,000
3,355,000,000
 
Cash received from issuing short-term bonds
4,979,850,000
4,980,000,000
4,979,850,000
4,980,000,000
 
Other cash received relating to financing activities
128,880,929
307,304,600
128,510,000
285,654,600
 
 
 
 
 
         
 
Sub-total of cash inflows of financing activities
21,441,214,729
13,226,304,600
17,888,360,000
8,620,654,600
 
 
 
 
 
         
 
Repayments of borrowings
(17,693,183,774)
(9,085,770,872)
(13,978,356,138)
(5,600,502,857)
 
Repayment for dividends, profit appropriation or  interest expense payments
(1,360,409,159)
(1,470,753,645)
(791,918,954)
(664,330,664)
 
Including: dividends paid to minority shareholders of subsidiaries
—
—
—
—
         
 
Other cash paid relating to financing activities
(1,845,546)
(7,172,496)
(1,106,132)
(1,410,642)
 
 
 
 
 
         
 
Sub-total of cash outflows of financing activities
(19,055,438,479)
(10,563,697,013)
(14,771,381,224)
(6,266,244,163)
 
 
 
 
 
         
 
Net cash flows generated from financing activities
2,385,776,250
2,662,607,587
3,116,978,776
2,354,410,437
 
 
 
 
 
         
4.
Effect of foreign exchange rate changes on cash
7,561,159
(58,579,485)
1,019,947
4,058,361
 
 
 
 
 
         
5.
Net (decrease) / increase in cash
818,863,298
2,189,465,581
(60,436,826)
1,893,994,360
 
Add:
Cash at beginning of the period
5,226,981,648
6,029,251,473
1,276,282,336
1,525,591,653


 
 
 


 
 
 
 
 
         
6.
Cash at end of the period
6,045,844,946
8,218,717,054
1,215,845,510
3,419,586,013
 
 
 
 
 


 
Person in charge of
Person in charge of
Legal representative:
accounting function:
 accounting department:
Cao Peixi
Zhou Hui
Huang Lixin

Note:
As for the subsidiaries acquired through business combinations under common control, the Company had restated the figures in the consolidated income statement and cash flow statement for the corresponding  period of last year and the financial indicators relating to net profit and net cash flows generated from operating activities of the corresponding period of last year.


 
 
 

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/ Gu Biquan
  
 
Name:
Gu Biquan
  
 
Title:
Company Secretary
  
       

 
Date:    April 21, 2010