Huaneng Power International, Inc.
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- Heavyweight stocks drag Hong Kong shares lower Oct 23, 2019 See more articles on 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
Financial Highlights
| Dec 2020 | HKD | USD |
| Revenue | 188,389.81M | 24,289.57M |
| Gross Profit | 36,059.44M | 4,649.23M |
| Operating income | 23,308.51M | 3,005.22M |
| Income before tax | 3,370.42M | 434.55M |
| Net income | 682.51M | 87.99M |
| EBITDA | 48,338.21M | 6,232.36M |
| Diluted EPS | 0.04 | 0.00 |
| Dividends Per Share | 0.21 | 0.02 |
| Total Assets | 534,502.26M | 68,933.79M |
| Total liabilities | 412,148.43M | 53,154.03M |
| Total equity | 96,542.11M | 12,450.86M |
| Operating cash flow | 34,848.41M | 4,493.09M |
| Currency in HKD | Currency in USD |
Historical Data
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 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 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 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 | |
| PER | 54.87 |
| ROA | 0.13% |
| ROE | 0.71% |
| Operating margin | 12.37% |
| Profit margin | 0.36% |
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
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Competitors
- Sembcorp Industries Ltd.
- Marubeni Corporation
- YTL Power International Bhd.
- TPI Composites, Inc.
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Last Updated on 18 Jun, 2021
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