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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 segments: PRC Power, Overseas, and All Other. The All Other segment engages in port and transportation operations. The company was founded on June 30, 1994 and is headquartered in Beijing, China.

Financial Highlights

Dec 2020 HKDUSD
Revenue188,389.81M24,289.57M
Gross Profit36,059.44M4,649.23M
Operating income23,308.51M3,005.22M
Income before tax3,370.42M434.55M
Net income682.51M87.99M
EBITDA48,338.21M6,232.36M
Diluted EPS0.040.00
Dividends Per Share0.210.02
Total Assets534,502.26M68,933.79M
Total liabilities412,148.43M53,154.03M
Total equity96,542.11M12,450.86M
Operating cash flow34,848.41M4,493.09M
Currency in HKDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 131,606.47M 174,211.97M 198,705.91M 195,233.68M 188,389.81M
Gross Profit 29,925.59M 22,305.61M 24,334.91M 33,175.17M 36,059.44M
Operating income 22,776.51M 11,926.58M 13,807.09M 21,048.42M 23,308.51M
Income before tax 14,621.88M 2,740.33M 177.35M 2,192.81M 3,370.42M
Net income 9,955.42M 1,821.68M 464.40M 91.19M 682.51M
EBITDA 40,087.35M 35,196.83M 38,048.63M 45,956.94M 48,338.21M
Diluted EPS 0.65 0.11 0.03 0.00 0.04
Dividends Per Share 0.32 0.11 0.11 0.14 0.21
Total Assets 351,248.25M 476,084.02M 482,536.19M 480,922.21M 534,502.26M
Total liabilities 237,244.49M 352,983.09M 361,607.85M 361,554.16M 412,148.43M
Total equity 95,948.50M 99,124.39M 96,198.27M 93,599.49M 96,542.11M
Operating cash flow 29,485.33M 23,669.38M 22,156.95M 30,040.77M 34,848.41M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 16,954.22M 22,355.45M 25,353.07M 24,917.51M 24,289.57M
Gross Profit 3,855.16M 2,862.33M 3,104.91M 4,234.12M 4,649.23M
Operating income 2,934.18M 1,530.45M 1,761.66M 2,686.39M 3,005.22M
Income before tax 1,883.66M 351.64M 22.62M 279.86M 434.55M
Net income 1,282.50M 233.76M 59.25M 11.63M 87.99M
EBITDA 5,164.26M 4,516.57M 4,854.66M 5,865.44M 6,232.36M
Diluted EPS 0.08 0.01 0.00 0.00 0.00
Dividends Per Share 0.04 0.01 0.01 0.01 0.02
Total Assets 45,303.94M 60,901.33M 61,631.70M 61,721.58M 68,933.79M
Total liabilities 30,599.75M 45,154.09M 46,186.19M 46,401.87M 53,154.03M
Total equity 12,375.42M 12,680.13M 12,286.87M 12,012.56M 12,450.86M
Operating cash flow 3,798.45M 3,037.33M 2,827.02M 3,834.07M 4,493.09M

Valuation Measures

Dec 2020
PER54.87
ROA0.13%
ROE0.71%
Operating margin12.37%
Profit margin0.36%

Key executives

  • Chief Financial Officer & Chief Accountant: Li Xin Huang
  • Board Secretary & Vice President: Chao Quan Huang
  • Securities Representative: Jing Meng

Shareholders

  • China State-Owned Assets Supervision & Admn Commission (12.8%)
  • The Vanguard Group, Inc. (2.8%)
  • BlackRock Fund Advisors (1.8%)
  • BlackRock Investment Management (UK) Ltd. (0.8%)
  • Charles Schwab Investment Management, Inc. (0.5%)
  • Dimensional Fund Advisors LP (0.4%)
  • BlackRock Advisors (UK) Ltd. (0.3%)
  • Orient Securities Asset Management Co. Ltd. (0.3%)
  • China Southern Asset Management Co., Ltd. (0.3%)
  • SSgA Funds Management, Inc. (0.2%)

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 Jiangsu Energy Dev Co., Ltd.
  • Shandong Huaneng Laizhou Wind Power Co. Ltd/Wind Power Assets/
  • Daqing Lvyuan Wind Power Generation Ltd. Co.
  • Huaneng (Fujian) Port Ltd. Co.
  • Huaneng (Huzhou Development Zone) Photovoltaic Power Genera
  • TP-STM Water Services Pte Ltd.
  • Huaneng Guizhou Panzhou State City Wind Power Co., Ltd.
  • Wuzhai Taizhong New Energy Wind Power Ltd. Co.
  • Shuozhou Taizhong Wind Power LLC
  • Poyang Luohong Power Co., Ltd.
  • Shangrao Hongyuan Power Co., Ltd.
  • Huaneng Sihong New Energy Co., Ltd.
  • Huaneng Luobei Wind Power Co., Ltd.
  • Huaneng Guanling New Energy Power Generation Co., Ltd.
  • Huaneng Jiangkou Wind Power Co., Ltd.
  • Huaneng (Heze Dongming) New Energy Co., Ltd.
  • Huaneng Zhenping Clean Energy Co., Ltd.
  • Huaneng Taiqian Wind Power Co., Ltd.
  • Huaneng Sheyang New Energy Power Generation Co., Ltd.
  • Huaneng Wulian New Energy Ltd. Co.
  • Huaneng Jiyang Biomass Thermal Power Co., Ltd.
  • Huaneng (Tianjin) Energy Sales Co., Ltd.
  • Huaneng Qingneng Tongyu Power Co., Ltd.
  • Huaneng (Anhui Shitai) Wind Power Co., Ltd.
  • Huaneng Xiayi Wind Power Co., Ltd.
  • Huaneng Ruicheng Comprehensive Energy Co., Ltd.
  • Huaneng Yangqu Wind Power Co., Ltd.
  • Huaneng (Shanghai) Photovoltaic Power Co., Ltd.
  • Shengdong Rudong Offshore Wind Power Co., Ltd.
  • Huaneng Zhejiang Ruian Offshore Wind Power Co., Ltd.

Competitors

  • Sembcorp Industries Ltd.
  • Marubeni Corporation
  • YTL Power International Bhd.
  • TPI Composites, Inc.
Last Updated on 18 Jun, 2021

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