Form
20-F
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X
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Form
40-F
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Yes
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No
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X
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HUANENG
POWER INTERNATIONAL, INC.
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By
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/s/
Gu Biquan
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Name:
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Gu
Biquan
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Title:
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Company
Secretary
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This
announcement is made by Huaneng Power International, Inc. (the “Company”)
pursuant to the requirements of Rules 13.09(1) and 13.09(2) of the Rules
Governing the Listing of Securities on The Stock Exchange of Hong Kong
Limited to provide shareholders of the Company and the public with the
financial information of the Company. This announcement is also
disseminated on the Shanghai Stock Exchange simultaneously. The estimate
contained in this announcement is only a preliminary estimate of the
Company and has not been audited by the Company´s certified public
accountants. Detailed financial information of the Company will be
disclosed in the 2008 Annual Report of the Company. Potential investors
and shareholders of the Company should exercise caution when dealing in
the shares of the Company.
The
Company and all the members of the Board of Directors hereby confirm the
truthfulness, accuracy and completeness of the contents of this
announcement and jointly accept full responsibility for any false
representation, misleading statement or material omission herein
contained.
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I.
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Estimated
results for the reporting period
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1.
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Period
to which the estimated results applies: From 1 January 2008 to 31 December
2008;
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2.
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Estimated
results: Based on a preliminary estimate by the Company, it is expected
that the Company may record an unaudited loss for the period from 1
January 2008 to 31 December 2008;
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3.
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The
estimated results have not been audited or reviewed by certified public
accountants.
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II.
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Results
of the corresponding period last year (From 1 January 2007 to 31 December
2007)
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1.
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Net
profit attributable to the Company´s shareholders: RMB5,997,058,661 based
on the PRC Accounting Standards; approximately RMB6,161.127 million based
on the International Financial Reporting
Standards.
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2.
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Earnings
per share (based on the net profit attributable to the Company´s
shareholders): RMB0.50 based on the PRC Accounting Standards; RMB0.51
based on the International Financial Reporting
Standards.
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III.
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Reasons
for the change in the results
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The
loss was mainly due to the reason that prices of fuel coal increased
drastically in 2008, such that the average fuel coal price in 2008 was
significantly higher than that in 2007. Although power tariffs had been
adjusted upwards two times during the period, the increments were still
unable to offset the rise in fuel costs. The Company estimates that it
will suffer a loss in the year of
2008.
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IV.
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Risk
Warning
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Detailed
financial information will be disclosed in the 2008 Annual Report of the
Company. Potential investors and shareholders of the Company should
exercise caution when dealing in the shares of the
Company.
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By
Order of the Board
Gu
Biquan
Company
Secretary
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Cao
Peixi
(Executive
Director)
Huang
Long
(Non-executive
Director)
Wu
Dawei
(Non-executive
Director)
Huang
Jian
(Non-executive
Director)
Liu
Guoyue
(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)
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Liu
Jipeng
(Independent
Non-executive Director)
Yu
Ning
(Independent
Non-executive Director)
Shao
Shiwei
(Independent
Non-executive Director)
Zheng
Jianchao
(Independent
Non-executive Director)
Wu
Liansheng
(Independent
Non-executive Director)
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