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Utilities

Huaneng Power International, Inc.

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 2018 HKDUSD
Revenue198,705.91M25,353.07M
Gross Profit24,334.91M3,104.91M
Operating income13,807.09M1,761.66M
Income before tax177.35M22.62M
Net income464.40M59.25M
EBITDA38,048.63M4,854.66M
Diluted EPS0.030.00
Dividends Per Share0.110.01
Total Assets482,536.19M61,631.70M
Total liabilities361,607.85M46,186.19M
Total equity96,198.27M12,286.87M
Operating cash flow22,156.95M2,827.02M
Currency in HKDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 156,654.66M 157,573.59M 131,606.47M 174,211.97M 198,705.91M
Gross Profit 41,379.73M 46,949.86M 29,925.59M 22,305.61M 24,334.91M
Operating income 34,325.41M 37,459.20M 22,776.51M 11,926.58M 13,807.09M
Income before tax 22,318.38M 26,436.05M 14,621.88M 2,740.33M 177.35M
Net income 13,538.40M 16,839.39M 9,955.42M 1,821.68M 464.40M
EBITDA 48,983.11M 55,235.67M 40,087.35M 35,196.83M 38,048.63M
Diluted EPS 0.96 1.16 0.65 0.11 0.03
Dividends Per Share 0.47 0.56 0.32 0.11 0.11
Total Assets 343,958.05M 368,633.81M 351,248.25M 476,084.02M 482,536.19M
Total liabilities 236,703.46M 247,261.80M 237,244.49M 352,983.09M 361,607.85M
Total equity 87,660.16M 100,423.91M 95,948.50M 99,124.39M 96,198.27M
Operating cash flow 32,761.79M 42,089.66M 29,485.33M 23,669.38M 22,156.95M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 20,201.30M 20,325.32M 16,954.22M 22,355.45M 25,353.07M
Gross Profit 5,336.09M 6,056.03M 3,855.16M 2,862.33M 3,104.91M
Operating income 4,426.41M 4,831.84M 2,934.18M 1,530.45M 1,761.66M
Income before tax 2,878.05M 3,409.97M 1,883.66M 351.64M 22.62M
Net income 1,745.83M 2,172.10M 1,282.50M 233.76M 59.25M
EBITDA 6,316.58M 7,124.81M 5,164.26M 4,516.57M 4,854.66M
Diluted EPS 0.12 0.15 0.08 0.01 0.00
Dividends Per Share 0.06 0.07 0.04 0.01 0.01
Total Assets 44,353.92M 47,564.72M 45,303.94M 60,901.33M 61,631.70M
Total liabilities 30,523.28M 31,904.12M 30,599.75M 45,154.09M 46,186.19M
Total equity 11,303.91M 12,957.67M 12,375.42M 12,680.13M 12,286.87M
Operating cash flow 4,224.77M 5,429.12M 3,798.45M 3,037.33M 2,827.02M

Valuation Measures

Dec 2018
PER143.65
ROA0.09%
ROE0.47%
Operating margin6.94%
Profit margin0.23%

Key executives

  • President & General Manager: Keyu Zhao
  • Chief Financial Officer & Chief Accountant: Li Xin Huang
  • Board Secretary & Vice President: Chao Quan Huang
  • Manager-Equity Management Department: Bai Shan Cui
  • Chief Engineer: Yong He

Shareholders

  • Shanghai Chongyang Strategic Investment Co. Ltd. (10.4%)
  • China State-Owned Assets Supervision & Admn Commission (10.0%)
  • Shanghai Chongyang Investment Management Co., Ltd. (4.5%)
  • Matthews International Capital Management LLC (3.6%)
  • The Vanguard Group, Inc. (3.0%)
  • BlackRock Fund Advisors (2.3%)
  • JPMorgan Asset Management (Asia Pacific) Ltd. (1.3%)
  • BlackRock Investment Management (UK) Ltd. (0.9%)
  • LUO YI FAMILY (0.6%)
  • BlackRock Japan Co., Ltd. (0.5%)

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

  • Ruzhou Xuji Wind Power Generation Limited Co., Ltd.
  • Shanxi Xiaoyi Economic Dev Zone Huaneng Energy Service Co.
  • Luoyang Yangguang Co-generation LLC
  • Xuzhou Tongshan District Xiehe Wind Power Generation LLC
  • TP Asset Management Pte Ltd.
  • Huaneng Zhumadian Wind Power Generation Co., Ltd.
  • Huaneng Jinling Combined Cycle Co-Generation Co., Ltd.
  • Huaneng Luoyang Co-generation LLC
  • Enshi City Mawei Valley Hydropower Development Co., Ltd.
  • Huaneng Suzihe Hydropower Development Ltd. Co.
  • Huaneng Qingdao Port Ltd. Co.
  • Shandong Hualu Sea Transportation Ltd. Co.
  • Huaneng Zhanhua Co-Generation Ltd. Co.
  • Huade County Daditaihong Wind Power Utilization LLC
  • Huaneng Henan Zhongyuan Gas Power Generation Co., Ltd.
  • Huaneng Weihai Power Generation LLC
  • Huaneng Jilin Energy Sales Ltd. Co.
  • Huaneng Linjiang Jubao Hydropower Ltd. Co.
  • Zhaodong Huaneng Thermal Power Ltd. Co.
  • Huaneng Heilongjiang Energy Sales Ltd. Co.
  • Huaneng Yichun Thermal Power Ltd. Co.
  • Daqing Luyuan Wind Power Generation Ltd. Co.
  • Huaneng Daqing Thermal Power Ltd. Co.
  • Huaneng Tongjiang Wind Power Generation Ltd. Co.
  • Huaneng Chongqing Luohuang Power Generation LLC
  • Huaneng Hunan Yueyang Power Generation LLC
  • Huaneng Yangpu Co-Generation Ltd. Co.
  • Huaneng Hainan Energy Sales LLC
  • Huaneng Changxing Jiapu Photovoltaic Power Generation LLC
  • Huaneng Guigang Clean Energy LLC

Competitors

  • Sembcorp Industries Ltd.
  • YTL Power International Bhd.
Last Updated on 24 Jan, 2020

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