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Utilities

Huaneng Power International, Inc.

  • 5.25 HKD
  • +0.24
  • +4.79%
  • China
    Aug 15, 2018
  • Ticker
    HKG(902)
  • Prev. close
    5.01
  • Market cap (HKD)
    105,582.98M
  • Market cap (USD)
    13,450.14M
  • Shares
    15,200.38M

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.

Business Summary

Huaneng Power International, Inc. engages in the sale of electricity and generation of power through the development and operation of power plants. It operates through the following business segments: PRC Power, Singapore, and All Other. The All Other segment is mainly comprised of port and transportation operations. The company was founded on June 30, 1994 and is headquartered in Beijing, China.

Financial Highlights

Dec 2017 HKDUSD
Revenue174,211.97M22,355.45M
Gross Profit17,800.50M2,284.21M
Operating income13,670.03M1,754.18M
Income before tax3,777.09M484.68M
Net income2,067.65M265.32M
EBITDA35,771.09M4,590.26M
Diluted EPS0.130.01
Dividends Per Share0.110.01
Total Assets454,601.11M58,153.21M
Total liabilities349,754.93M44,741.14M
Total equity84,589.13M10,820.76M
Operating cash flow35,303.76M4,530.29M
Currency in HKDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 168,859.36M 157,828.22M 159,001.66M 159,719.86M 174,211.97M
Gross Profit 38,771.61M 39,187.79M 45,735.42M 32,952.49M 17,800.50M
Operating income 33,416.51M 33,815.75M 39,750.55M 28,151.81M 13,670.03M
Income before tax 21,478.43M 22,064.22M 26,893.78M 19,400.68M 3,777.09M
Net income 13,273.44M 13,272.13M 17,004.82M 12,131.00M 2,067.65M
EBITDA 47,928.97M 48,836.12M 57,417.87M 49,594.17M 35,771.09M
Diluted EPS 0.94 0.94 1.17 0.79 0.13
Dividends Per Share 0.48 0.47 0.56 0.32 0.11
Total Assets 334,026.59M 342,059.91M 360,873.44M 423,675.30M 454,601.11M
Total liabilities 236,083.79M 235,008.97M 243,566.13M 299,817.72M 349,754.93M
Total equity 79,085.68M 86,496.10M 94,775.07M 98,579.22M 84,589.13M
Operating cash flow 51,285.80M 42,645.77M 53,409.58M 45,421.42M 35,303.76M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 21,769.64M 20,352.63M 20,509.53M 20,575.94M 22,355.45M
Gross Profit 4,998.50M 5,053.43M 5,899.38M 4,245.11M 2,284.21M
Operating income 4,308.11M 4,360.68M 5,127.40M 3,626.66M 1,754.18M
Income before tax 2,769.03M 2,845.27M 3,469.01M 2,499.29M 484.68M
Net income 1,711.23M 1,711.49M 2,193.44M 1,562.77M 265.32M
EBITDA 6,179.08M 6,297.63M 7,406.29M 6,388.97M 4,590.26M
Diluted EPS 0.12 0.12 0.15 0.10 0.01
Dividends Per Share 0.06 0.06 0.07 0.04 0.01
Total Assets 43,079.36M 44,109.16M 46,563.41M 54,645.57M 58,153.21M
Total liabilities 30,447.69M 30,304.77M 31,427.27M 38,670.44M 44,741.14M
Total equity 10,199.67M 11,153.80M 12,228.80M 12,714.73M 10,820.76M
Operating cash flow 6,611.85M 5,499.35M 6,889.27M 5,851.42M 4,530.29M

Valuation Measures

Dec 2017
PER36.02
ROA0.47%
ROE2.25%
Operating margin7.84%
Profit margin1.18%

Key executives

  • Chairman & Chief Executive Officer: Pei Xi Cao
  • President: Keyu Zhao
  • Manager-Equity Management Department: Bai Shan Cui
  • Chief Engineer: Yong He
  • Finance Manager: Ying Hui Li

Shareholders

  • China State-Owned Assets Supervision & Admn Commission (10.0%)
  • LUO YI FAMILY (4.3%)
  • Shanghai Chongyang Investment Management Co., Ltd. (3.3%)
  • The Vanguard Group, Inc. (2.9%)
  • Value Partners Ltd. (2.5%)
  • BlackRock Fund Advisors (2.3%)
  • BlackRock Asset Management North Asia Ltd. (1.9%)
  • Capital Research & Management Co. (Global Investors) (1.8%)
  • JF Asset Management Ltd. (1.8%)
  • Pictet Asset Management SA (1.3%)

Contact Details

  • Website:http://www.hpi.com.cn
  • Address: Huaneng Building, 6 Fuxingmen Inner Street, Beijing, 100031, China
  • Phone: +86.10.6322.6999

Related Companies

  • Huaneng Power International, Inc. Fuzhou Power Plant
  • Huaneng Yunnan Diandong Energy Co. Ltd.
  • Shanghai Aeolon Wind Energy Technology Development Co. Ltd.
  • Huaneng Dalian Power Plant
  • Huaneng Yingcheng Thermal Power Co. Ltd.
  • Huaneng Jingmen Thermal Power Co. Ltd.
  • Huaneng Anyuan Power Generation Co., Ltd.
  • Huaneng Ruijin Power Generation Co. Ltd.
  • Huaneng Hualiangting Hydropower Co. Ltd.
  • Enshi Qingjiang Dalongtan Hydropower Development Co. Ltd.
  • Huaneng Suzhou Thermal Power Co. Ltd.
  • Luoyang Hairun Power Project Management Ltd.
  • Huaneng Rudong Wind Power Generation Co. Ltd.
  • Huaneng Nantong Power Generation Co. Ltd.
  • Huaneng Chaohu Power Generation Co. Ltd.
  • Huaneng Shaanxi Power Generation Co. Ltd.
  • Huaneng Shidaowan Nuclear Power Co. Ltd.
  • Huaneng International Power Fuel Co., Ltd.
  • Huaneng Power International, Inc. Dezhou Power Plant
  • Huaneng Power Plant
  • Huaneng Qinbei Power Generation Co. Ltd.
  • Tianjin Huaneng Yangliuqing Co-Generation LLC
  • Fushun Suzihe Hydropower Co., Ltd.
  • Shandong Rizhao Power Co., Ltd.
  • Huaneng Chongqing Luohuang Power Co. Ltd.
  • Huaneng Wuhan Power Generation Co. Ltd.
  • Huaneng Yushe Power Co., Ltd.
  • Huaneng Shanghai Shidongkou Second Power Plant
  • Huaneng Shanghai Combined-Cycle Power Generation Co. Ltd.
  • Huaneng Huaiyin Power Generation Co. Ltd.

Competitors

  • Sembcorp Industries Ltd.
  • YTL Power International Bhd.
Last Updated on 15 Aug, 2018

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