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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 includes port and transportation operations. The company was founded on June 30, 1994 and is headquartered in Beijing, China.

Financial Highlights

Dec 2021 HKDUSD
Revenue244,559.89M31,463.40M
Gross Profit3,784.19M486.84M
Operating income-11,822.67M-1,521.02M
Income before tax-19,193.02M-2,469.24M
Net income-15,394.89M-1,980.60M
EBITDA15,101.90M1,942.90M
Diluted EPS-0.81-0.10
Dividends Per Share00
Total Assets612,576.22M78,572.68M
Total liabilities508,427.34M65,213.93M
Total equity79,059.45M10,140.63M
Operating cash flow7,271.03M935.44M
Currency in HKDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 174,211.97M 198,705.91M 195,233.68M 188,389.81M 244,559.89M
Gross Profit 22,305.61M 24,334.91M 33,175.17M 36,059.44M 3,784.19M
Operating income 11,926.58M 13,807.09M 21,048.42M 23,308.51M -11,822.67M
Income before tax 2,740.33M 177.35M 2,192.81M 3,370.42M -19,193.02M
Net income 1,821.68M 464.40M 91.19M 682.51M -15,394.89M
EBITDA 35,196.83M 38,048.63M 45,956.94M 48,338.21M 15,101.90M
Diluted EPS 0.11 0.07 0.06 0.29 -0.81
Dividends Per Share 0.11 0.11 0.14 0.21 0
Total Assets 476,084.02M 482,536.19M 480,922.21M 534,502.26M 612,576.22M
Total liabilities 352,983.09M 361,607.85M 361,554.16M 412,148.43M 508,427.34M
Total equity 99,124.39M 96,198.27M 93,599.49M 96,542.11M 79,059.45M
Operating cash flow 23,669.38M 22,156.95M 30,040.77M 34,848.41M 7,271.03M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 22,355.45M 25,353.07M 24,917.51M 24,289.57M 31,463.40M
Gross Profit 2,862.33M 3,104.91M 4,234.12M 4,649.23M 486.84M
Operating income 1,530.45M 1,761.66M 2,686.39M 3,005.22M -1,521.02M
Income before tax 351.64M 22.62M 279.86M 434.55M -2,469.24M
Net income 233.76M 59.25M 11.63M 87.99M -1,980.60M
EBITDA 4,516.57M 4,854.66M 5,865.44M 6,232.36M 1,942.90M
Diluted EPS 0.01 0.00 0.00 0.03 -0.10
Dividends Per Share 0.01 0.01 0.01 0.02 0
Total Assets 60,901.33M 61,631.70M 61,721.58M 68,933.79M 78,572.68M
Total liabilities 45,154.09M 46,186.19M 46,401.87M 53,154.03M 65,213.93M
Total equity 12,680.13M 12,286.87M 12,012.56M 12,450.86M 10,140.63M
Operating cash flow 3,037.33M 2,827.02M 3,834.07M 4,493.09M 935.44M

Valuation Measures

Dec 2021
PER--
ROA-2.68%
ROE-17.53%
Operating margin-4.83%
Profit margin-6.29%

Key executives

  • President & Executive Director: Ping Zhao
  • Chief Financial Officer & Chief Accountant: Li Xin Huang
  • Chief Engineer: Wei Liu
  • Secretary & Vice President: Chao Quan Huang
  • Investor Relations Contact: Zhelu Chen

Shareholders

  • First Seafront Fund Management Co., Ltd. (14.7%)
  • China State-Owned Assets Supervision & Admn Commission (12.8%)
  • Shanghai Chongyang Strategic Investment Co. Ltd. (4.3%)
  • The Vanguard Group, Inc. (2.8%)
  • BlackRock Fund Advisors (1.6%)
  • BlackRock Investment Management (UK) Ltd. (1.2%)
  • Ping An Fund Management Co., Ltd. (0.9%)
  • LUO YI FAMILY (0.8%)
  • HuaAn Fund Management Co., Ltd. (0.5%)
  • Fuanda Fund Management 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

  • Huaneng Qinghai Power Generation Co., Ltd.
  • 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.

Competitors

  • Sembcorp Industries Ltd.
  • Marubeni Corporation
  • YTL Power International Bhd.
  • EN+ Group International Public Joint-Stock Company
  • Tien Li Offshore Wind Technology Co., Ltd.
  • TPI Composites, Inc.
Last Updated on 8 Aug, 2022

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