Company code: Huaneng Power International Inc(600011) company abbreviation: Huaneng Power International Inc(600011) Huaneng Power International Inc(600011)
Summary of annual report 2021
Section I important tips
1 the summary of this annual report comes from the full text of the annual report. In order to fully understand the company’s operating results, financial status and future development plan, investors should go to www.sse.com com. cn. The website carefully reads the full text of the annual report. 2. The board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee the authenticity, accuracy and completeness of the contents of the annual report, and there are no false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 3. All directors of the company attend the board meeting. 4 Ernst & Young Huaming Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company. 5. The profit distribution plan or the plan of converting accumulation fund into share capital in the reporting period adopted by the resolution of the board of directors
According to the articles of association, since the net profit attributable to the shareholders of the company in the current year is negative, the board of directors recommends that the company not pay dividends in 2021, taking into account the investment needs of the company’s transformation and development and the increase of the company’s asset liability ratio in 2021. The proposal has been deliberated and approved by the board of directors and the board of supervisors of the company and will be submitted to the annual general meeting of shareholders of the company for deliberation.
Section II basic information of the company
1 company profile
Company stock profile
Stock type stock exchange stock abbreviation stock abbreviation before stock code change
A-share Shanghai Stock Exchange Huaneng Power International Inc(600011) Huaneng Power International Inc(600011) –
H shares Hong Kong joint stock exchange – 902-
Limited company
ADR NYSE – HNP-
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Huang Chaoquan, Zhu Tao
Office address: Huaneng building, No. 6, fuxingmennei street, Xicheng District, Beijing Huaneng building, No. 6, fuxingmennei street, Xicheng District, Beijing
Tel: 0106322699901066086750
E-mail [email protected]. [email protected].
2. Introduction to the company’s main business in the reporting period
According to the data released by China Power Council, in 2021, the national full caliber power generation was 8376.8 billion kwh, a year-on-year increase of 9.8%. Among them, coal power was 5027 billion kwh, a year-on-year increase of 8.6%; Wind power and grid connected Cecep Solar Energy Co.Ltd(000591) power generation were 655.6 billion kWh and 327 billion kwh respectively, with a year-on-year increase of 40.5% and 25.2% respectively. In 2021, the average utilization hours of power generation equipment of power plants with 6000 kW and above in China was 3817 hours, an increase of 60 hours year-on-year, including 4586 hours of coal-fired power generation, an increase of 263 hours year-on-year. In 2021, the global energy supply is tight, the supply and demand situation of domestic and foreign coal markets is tight, and the coal price rises sharply. In the fourth quarter, relevant national competent departments took multiple measures to ensure supply and price stability, release high-quality production capacity and ensure energy security in peak winter. On October 15, 2021, the national development and Reform Commission issued the notice on further deepening the market-oriented reform of on grid electricity price of coal-fired power generation. In principle, all coal-fired power generation will enter the power market, the fluctuation range of transaction electricity price in coal-fired power generation market will be expanded to no more than 20% in principle, the market transaction electricity price of high energy consuming enterprises will not be limited by the upward fluctuation of 20%, and the industrial and commercial catalogue sales electricity price will be cancelled, Promote all industrial and commercial users to enter the power market. Nevertheless, the average price of Ceci 5500 kcal thermal coal index in the whole year was 1044 yuan / ton, up 81.3% year-on-year. In 2021, the rising price of electric coal led to a significant increase in the purchase cost of electric coal for national coal and power enterprises, which had a great impact on coal and power enterprises. On January 18, 2022, the national development and Reform Commission and the National Energy Administration jointly issued the guiding opinions on accelerating the construction of a national unified power market system, in order to realize the sharing, mutual assistance and optimal allocation of power resources across the country, and accelerate the formation of a unified, open, orderly competitive, safe and efficient power market system with perfect governance. With the joint efforts of policy and fundamentals, the coal price gradually returns to a reasonable range, and the rise of coal price is gradually transmitted to the electricity price. On February 24, 2022, the national development and Reform Commission issued the notice on further improving the coal market price formation mechanism, which made it clear that the reasonable range of medium and long-term transaction price of coal is 570770 yuan / ton, and said that it would use the price law to regulate the coal market price. The above measures will actively promote the rational return of coal price. The company mainly develops, constructs, operates and manages large-scale power plants throughout China. It is one of the largest listed power generation companies in China. As of December 31, 2021, the company has 118695 MW of controllable power generation installed capacity, 103875 MW of equity power generation installed capacity, and 22.39% of the installed capacity of low-carbon clean energy such as natural gas, hydropower, wind power, Cecep Solar Energy Co.Ltd(000591) and biomass power generation. The company’s power plants in China are widely distributed in 26 provinces, autonomous regions and municipalities directly under the central government; The company wholly owns an operating power company in Singapore and invests in an operating power company in Pakistan.
The company’s main business is to develop, build and operate large-scale coal-fired and gas-fired power plants, new energy power generation projects and supporting ports, shipping, incremental distribution network and other facilities outside China by using modern technology and equipment and foreign funds, so as to provide power, heat and comprehensive energy services for the society.
During the reporting period, the company’s electricity and heat sales revenue accounted for about 99.84% of its main business revenue. The main performance drivers of the company include but are not limited to power generation (heat supply), electricity price (heat price) and fuel price. At the same time, technological innovation, environmental policy and talent team will also indirectly affect the current performance and development potential of the company.
The company’s on grid power consumption is comprehensively affected by multiple factors such as the overall national economic operation situation, the company’s installed capacity, regional layout, installed structure, market competition and so on. In 2021, the electricity demand of the whole society increased rapidly, driving the power generation side to rise sharply year-on-year. The company took measures to strengthen power supervision and reduce unit standby. According to the consolidated statement, the company’s operating power plants in China completed 430165 billion kwh of on grid power, an increase of 13.23% over the same period. The total heating capacity reached 297 million GJ, a year-on-year increase of 12.64%. Electricity prices and fuel prices are mainly affected by national policies, market competition and the relationship between supply and demand. In 2021, the average on grid settlement price of the company’s operating power plants in China was 431.88 yuan / MWh, an increase of 4.41% year-on-year; The unit fuel cost of power sales of domestic thermal power plants was 316.36 yuan / MWh, up 51.32% year-on-year. 3 main accounting data and financial indicators of the company 3.1 main accounting data and financial indicators in recent three years
Unit: yuan currency: RMB
20212020 compared with 2019 of the previous year
Increase or decrease (%)
Total assets 49006848583243820575237411.84414999055749
Net assets attributable to shareholders of listed company 105255590372121698538280 -13.5198597171804
Operating income 20460508305616943918747120.75173583125512
Deduct business income not related to main business / 19395287268516178791619319.88
And after income without commercial substance
Industry income
Net profit attributable to shareholders of listed company -102643655674564989863 -324.851565963763
Attributable to listed companies
Net profit of shareholders deducting non recurring profit and loss of -125584110704397686931 -385.57780116451
Moisten
Net cash flow from operating activities 603284071542049806396 -85.6537320950560
Weighted average net assets -19.15 3.81 decreased by 22.96 percent and 1.20 yield (%) points
Basic earnings per share (RMB -0.79 0.18 -538.89 0.06 / share)
Diluted earnings per share (RMB -0.79 0.18 -538.89 0.06 / share)
3.2 main accounting data by quarter in the reporting period
Unit: yuan currency: RMB
First quarter second quarter third quarter fourth quarter
(January March) (April June) (July September) (October December)
Operating income 49909188093452064 Gci Science & Technology Co.Ltd(002544) 988986573159599628978
Net profit attributable to shareholders of listed company 31266723481155463606 – 3499249295 – 11047252226
Attributable to listed companies
Net profit of shareholders after deducting non recurring profits and losses of 28636477791004702488 – 3656942803 – 12769818534
profit
113304629827803801023660103195 – 16761605564 net cash flows from operating activities
Description of differences between quarterly data and disclosed periodic report data
□ applicable √ not applicable
4. Shareholders
4.1 at the end of the reporting period and the end of the month before the disclosure of the annual report, the total number of ordinary shareholders, the total number of preferred shareholders whose voting rights have been restored, the total number of shareholders holding special voting shares and the top 10 shareholders
Unit: shares
As of the end of the reporting period, the total number of common shareholders (households) was 92141
