Asia300

Huaneng Power International, Inc.

China

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
May 29, 2017
Prev close: 6.17
May 29, 2017
Market cap:
Market cap(USD):
123,830.98M
15,887.47M
Shares: 15,200.38M

Currency in HKD

Company profile

Market(Ticker): HKG(902)
Sector:
Industry:
Utilities
Electric Utilities
Full time employees: 42,210

Business summary

Huaneng Power International, Inc. engages in the construction and operation of power plants. The company mainly engages in the development, construction and operation of large power plants utilizing modern technology and equipment and using international as well as domestic capital. It operates through the following segments: PRC Power, Singapore, and Other. The PRC Power segment sells generated power and heat in China. The Singapore segment operates Tuas Power Ltd. The Other segment renders port and transportation services. The company was founded on June 30, 1994 and is headquartered in Beijing, China.

Company background

Huaneng Power International is a major Chinese state-owned electric power company. It is a unit of state giant China Huaneng Group and one of the country's five biggest electric utilities, which include China Datong and China Guodian. China Huaneng is the largest of the five in terms of business scale.

Huaneng Power is active nationwide, engaging in developing, constructing and managing power-generation facilities. It also has business operations in the areas of finance, coal mining, transport and new energy.

China Huaneng, established in 1985, founded Huaneng Power as its core subsidiary in 1994.

Huaneng Power has a strong business base protected by the government's market entry regulations. Because the big five power players dominate the domestic market for electricity, Huaneng Power enjoys stable earnings.

Huaneng Power recently purchased a power producer in Singapore as part of its aggressive overseas expansion push.

Under the strong influence of former Chinese Premier Li Peng and his family, Huaneng Power is known to be at the center of the "electric power clique." It has made considerable use of the extensive human networks it has established in political and business circles.

The company is drawing keen attention as a possible target of Chinese President Xi Jinping's anti-corruption campaign.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 131,606.47M
Gross profit 26,931.73M
Operating income 23,595.33M
Income before tax 15,251.63M
Net income 10,298.78M
EBITDA 40,780.97M
Diluted EPS 0.67
Dividends per share --
Total assets 345,199.12M
Total liabilities 234,716.28M
Total equity 90,948.77M
Operating cash flow 38,053.59M

Currency in HKD

Revenue 16,954.22M
Gross profit 3,469.48M
Operating income 3,039.67M
Income before tax 1,964.79M
Net income 1,326.74M
EBITDA 5,253.61M
Diluted EPS 0.08
Dividends per share --
Total assets 44,523.72M
Total liabilities 30,273.66M
Total equity 11,730.55M
Operating cash flow 4,902.26M

Currency in USD

Valuation measures

Dec 2016

PER 7.58
ROA 2.91%
ROE 11.09%
Operating margin 17.92%
Profit margin 7.82%

Key executive

  • Group Chief Executive Officer: Stuart Thomson Gulliver
  • President & Executive Director: Guo Yue Liu
  • Director & Vice President: Xia Xia Fan
  • Chief Accountant & Vice President: Hui Zhou
  • Vice President: Ping Zhao

Share holders

  • China State-Owned Assets Supervision & Admn Commission(10.0%)
  • JF Asset Management Ltd.(3.5%)
  • The Vanguard Group, Inc.(2.8%)
  • BlackRock Fund Advisors(2.1%)
  • UBS AG (Investment Management)(1.9%)
  • Capital Research & Management Co. (Global Investors)(1.9%)
  • Hang Seng Investment Management Ltd.(1.4%)
  • Capital International, Inc.(1.0%)
  • BlackRock Investment Management (UK) Ltd.(0.8%)
  • JPMorgan Investment Management, Inc.(0.8%)

Address

  • Website: http://www.hpi.com.cn
  • Address: Huaneng Building, 4 Fuxingmennei Street, Beijing, 100031, China
  • Phone: +86.10.6322.6999

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