华能国际电力股份有限公司（"公司"）董事会，于2024年10月29日在公司本部召开 第十一届董事会第九次会议（"会议"或"本次会议"），会议通知和补充通知分别于2024 年10月14日和2024年10月25日以书面形式发出。会议应出席董事15人，亲自出席和委托 出席的董事15人。周奕董事因其他事务未能亲自出席会议，委托王葵董事长代为表决。 曹欣董事、李海峰董事因其他事务未能亲自出席会议，委托王剑锋董事代为表决。丁旭 春董事因其他事务未能亲自出席会议，委托夏清独立董事代为表决。公司监事、高级管 理人员和董事会秘书列席会议。本次会议的召开符合《中华人民共和国公司法》和《公 司章程》的有关规定。王葵董事长主持了本次会议。会议审议并一致通过了以下决议： 一、关于公司计提资产减值准备的议案 公司董事会认为，本次计提资产减值准备根据会计准则的要求，依据充分，公允地 反映了公司的资产状况，同意本次计提资产减值准备。 详见同日于上海证券交易所网站（www.sse.com.cn）披露的《华能国际电力股份有 限公司关于计提资产减值准备的公告》。 证券代码: 600011 证券简称: 华能国际 公告编号: 2024-057 华能国 ...

重要内容提示： 一、电话会议内容 华能国际电力股份有限公司（"公司"）将于 2024 年 10 月 29 日晚间披露公 司 2024 年前三季度业绩情况，为便于广大投资者更全面深入地了解公司 2024 年前三季度的经营成果及财务状况，公司决定于 2024 年 10 月 30 日下午 16 点至 17 点 30 分召开 2024 年三季度业绩推介全球投资者电话会议，公司将针对 2024 年前三季度的经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在 信息披露允许的范围内就投资者普遍关注的问题进行回答。 二、电话会议召开时间 证券代码：600011 证券简称：华能国际 公告编号：2024-056 华能国际电力股份有限公司 关于召开 2024 年三季度业绩推介全球投资者 电话会议的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 2024 年 10 月 30 日（星期三）下午 16 点至 17 点 30 分 三、公司参加人员 公司参加本次会议的人员包括：董事、总经理黄历新先生，独立董事党英女 士，副总经理秦海峰先生，副总 ...

证券代码: 600011 证券简称: 华能国际 公告编号:2024-055 华能国际电力股份有限公司 2024 年前三季度上网电量完成情况公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 根据华能国际电力股份有限公司（"公司"）初步统计，2024 年第三季度，公 司中国境内各运行电厂按合并报表口径完成上网电量 1,305.62 亿千瓦时，同比增 长 3.43%；2024 年前三季度，公司中国境内各运行电厂按合并报表口径累计完成 上网电量 3,412.40 亿千瓦时，同比增长 1.14%；2024 年前三季度公司中国境内各 运行电厂平均上网结算电价为 496.27 元/兆瓦时，同比下降 2.63%。2024 年前三 季度，公司市场化交易电量比例为 87.06%，比去年同期下降 1.47 个百分点。 公司电量增长的主要原因是： 迎峰度夏期间，社会用电需求同比增加，局部地区个别时段电力供应紧张， 公司火电机组发挥支撑保障作用，三季度火电电量同比略有增长，促进火电累计 电量降幅收窄。公司持续推进绿色低碳转型，前三季度，风电和 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 902 董事會會議召開日期 夏 清 （獨立非執行董事） 賀 強 （獨立非執行董事） 張麗英 （獨立非執行董事） 張守文 （獨立非執行董事） 黨 英 （獨立非執行董事） 黃朝全 公司秘書 於本公告日，本公司董事為： 王 葵 （執行董事） 王志傑 （執行董事） 黃曆新 （執行董事） 杜大明 （非執行董事） 周 奕 （非執行董事） 李來龍 （非執行董事） 曹 欣 （非執行董事） 李海峰 （非執行董事） 丁旭春 （非執行董事） 王劍鋒 （非執行董事） 中國‧北京 2024年10月14日 華能國際電力股份有限公司（「本公司」）董事會（「董事會」）茲通告謹定於2024年10月29日 （星期二）召開本公司董事會會議，以審議及批准刊發本公司及其子公司截至2024年9月30 日止之九個月的未經審核綜合業績公告及其他事項（如適用）。 承董事會命 華能國際電力股份有限公司 ...

Investment Rating - The investment rating for Huaneng International is "Buy - A / Buy - H" [3] Core Views - The controlling shareholder plans to increase its stake in the company by 0.15%-0.21% of A shares, demonstrating long-term confidence in development. On September 9, Huaneng Group's action partner, Huaneng Structural Adjustment No. 1 Fund, increased its holdings by 15 million A shares, accounting for 0.0956% of the total share capital. The group aims to cumulatively increase its stake by no less than 0.15% and no more than 0.21% within three months [4] - The net asset value is expected to continue to recover, with significant dividend value. The company's adjusted net assets for H1 2024 are projected to be 55.9 billion yuan (excluding perpetual bonds of 79.6 billion yuan), an increase of 6.4% compared to the end of the previous year. The stable profit growth from auxiliary services is expected to support the current ROE and net asset recovery. The cash dividend for 2024, after deducting perpetual bond interest, is estimated at approximately 4.1 billion yuan, corresponding to a dividend yield of 3.9% for A shares and 6.9% for H shares based on the latest closing prices [4] - Stable coal prices, the implementation of auxiliary services, and the signing of electricity and price contracts are key areas to watch. In Q3, thermal power generation is expected to decrease significantly due to water supply impacts, while market coal prices are stabilizing and may decline. Performance is anticipated to exceed expectations. The auxiliary services in Hunan, Yunnan, and Henan are under consultation, with expectations for more provinces to follow suit. Concerns about next year's electricity and price remain, but monitoring Q4 spot coal prices is essential [4] - Earnings forecasts and investment recommendations indicate that EPS for 2024-2026 is expected to be 0.70, 0.80, and 0.90 yuan per share, respectively. The latest closing price corresponds to PE ratios of 9.46, 8.24, and 7.36 times. The profitability of thermal power is expected to stabilize, and the electricity reform is reshaping value. A target PE of 13 times for 2024 suggests a reasonable value of 9.05 yuan per share for A shares and 5.70 HKD per share for H shares, maintaining a "Buy" rating for both A and H shares [4] Financial Summary - The company's revenue for 2022 was 246.725 billion yuan, with a growth rate of 20.3%. For 2023, revenue is projected at 254.397 billion yuan, a growth rate of 3.1%. The forecast for 2024 is 252.565 billion yuan, indicating a slight decline of 0.7% [4] - The EBITDA for 2022 was 24.461 billion yuan, increasing to 47.361 billion yuan in 2023, with a forecast of 54.073 billion yuan for 2024 [4] - The net profit attributable to the parent company was -7.387 billion yuan in 2022, expected to turn positive at 8.446 billion yuan in 2023, and further increase to 10.933 billion yuan in 2024 [4] - The EPS for 2022 was -0.47 yuan, expected to rise to 0.54 yuan in 2023, and further to 0.70 yuan in 2024 [4]

证券代码：600011 证券简称：华能国际 公告编号：2024-054 华能国际电力股份有限公司 关于公司控股股东一致行动人之间转让股份的 提示性公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、误导性 陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、本次股份转让主体的基本情况 | 股东名称 | 股东身份 | 持股数量（股） | 持股比例 | 当前持股股份来源 | | --- | --- | --- | --- | --- | | 华能财务公司 | 5%以下股东 | 9,994,199 | 0.06% | 大宗交易取得： | | | | | | 股 9,994,199 | 上述减持主体存在一致行动人： 1 华能国际电力股份有限公司（"公司"）收到中国华能财务有限责任公 司 （"华能财务公司"）通知，按照国家金融监督管理总局《企业集团 财务公司管理办法》及其配套通知要求，企业集团财务公司只可从事 固定收益类有价证券投资，权益类有价证券不再属于许可范围。因此， 华能财务公司拟将其持有的公司全部 9,994,199 股 A 股股份（占公司股 份总数的 0 ...

证券代码: 600011 证券简称: 华能国际 公告编号: 2024-053 华能国际电力股份有限公司 关于控股股东之一致行动人增持公司股份 及后续增持计划的公告 （二）本次增持前，华能结构调整1号基金未持有公司股份；本次增持后，华能结 构调整1号基金持有公司15,000,000股A股股份，占公司总股本的0.0956%。 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、增持主体的基本情况 （一）本次增持主体为华能结构调整1号基金。华能结构调整1号基金为公司控股股 东之控股股东华能集团控股三级子公司华能投资管理有限公司的全资子公司天津华人 投资管理有限公司所管理的私募基金，华能集团直接及间接持有华能结构调整1号基金 86.25%份额，华能结构调整1号基金为华能集团的一致行动人。 1 华能国际电力股份有限公司（"公司"或"华能国际"）于2024年9月9日收到公司控股 股东之控股股东中国华能集团有限公司（"华能集团"）之一致行动人华能结构调整1 号证券投资私募基金（"华能结构调整1号基金"）管理人天津华 ...

Financial Performance - For the first half of 2024, the company reported consolidated operating revenue of RMB 118.806 billion, a decrease of 5.73% year-on-year[7]. - Net profit attributable to equity holders was RMB 7.775 billion, an increase of 19.80% year-on-year, with earnings per share at RMB 0.40[7]. - The total operating cost for the first half of 2024 was RMB 103.412 billion, a year-on-year decrease of 8.69%[24]. - Fuel costs amounted to RMB 68.114 billion, a year-on-year decrease of 12.11%[25]. - The operating profit for the first half of 2024 was RMB 14,494,248, an increase of 20.3% from RMB 12,050,363 in the previous year[103]. - The company reported a pre-tax profit of RMB 11,376,144 for the first half of 2024, compared to RMB 8,435,212 in the same period of 2023, an increase of approximately 34.4%[133]. - The comprehensive income attributable to equity holders for the same period was RMB 7,840,389,000, compared to RMB 6,863,532,000 in 2023, reflecting an increase of about 14.2%[106]. - The total comprehensive income for the six months ended June 30, 2024, was RMB 9,598,359,000, compared to RMB 6,763,693,000 in 2023, representing an increase of approximately 42.5%[106]. Electricity Generation and Market Performance - The total electricity generated by domestic power plants was 210.678 billion kWh, a slight decrease of 0.22% year-on-year, with an average utilization hour of 1,680 hours, down 120 hours[9]. - In Q2 2024, the total electricity generated by domestic power plants was 97.643 billion kWh, a year-on-year decrease of 6.24%[17]. - The average electricity price for the first half of 2024 was RMB 498.70 per MWh, down 3.21% year-on-year[18]. - The proportion of market-based electricity transactions for the first half of 2024 was 86.91%, a decrease of 0.77 percentage points year-on-year[18]. - Wind power generation increased by 12.53% year-on-year to 188.80 million kWh in the first half of 2024[18]. - Solar power generation surged by 74.24% year-on-year to 81.98 million kWh in the first half of 2024[18]. - In Singapore, the company’s market share for electricity generation was 20.4%, a decrease of 1.2 percentage points year-on-year, with a pre-tax profit of RMB 1.724 billion, down RMB 1.166 billion[13]. Capacity and Development Plans - The company added controllable power generation capacity of 3,102.19 MW in the first half, with low-carbon clean energy accounting for 32.78% of total capacity[12]. - As of June 30, 2024, the company has a controllable installed capacity of 138,570 MW, with low-carbon clean energy accounting for 32.78% of the total[16]. - The company plans to enhance its renewable energy development and optimize asset structure in the second half of 2024, focusing on high-quality completion of annual targets[14]. - The company anticipates a year-on-year growth of approximately 6.5% in electricity consumption for 2024, with an expected addition of around 300 million kilowatts in installed wind and solar capacity[46]. Financial Position and Cash Flow - The total assets as of June 30, 2024, were RMB 561.273 billion, an increase of 1.99% from the beginning of the year[35]. - Cash generated from operating activities was RMB 23.603 billion, a year-on-year increase of 71.53%[37]. - The net increase in cash and cash equivalents was RMB 4.176 billion, compared to a decrease of RMB 0.232 billion in the previous year[38]. - The company had a total long-term debt of RMB 186.988 billion as of June 30, 2024, compared to RMB 183.424 billion as of December 31, 2023[42]. - The company’s cash and cash equivalents rose to RMB 20,691,486, compared to RMB 16,849,858 at the end of 2023, indicating improved liquidity[99]. - The company’s total equity attributable to owners as of June 30, 2024, was RMB 138,763,115,000, an increase from RMB 115,664,522,000 in the previous year, reflecting a growth of approximately 19.9%[112]. Governance and Compliance - The company has maintained compliance with the corporate governance code and has established a robust governance structure[61]. - The board of directors has implemented measures to enhance corporate governance and operational quality[61]. - The company has established a comprehensive internal control system, including a detailed "Internal Control Manual" that outlines 25 business processes and 19 soft elements to ensure compliance and operational efficiency[67]. - The board of directors consists of 15 members, with Wang Kui as the chairman and Wang Zhijie as the vice chairman[71]. - The company strictly adheres to the regulations regarding insider trading and has implemented measures to prevent insider trading activities[70]. Environmental and Operational Strategies - The company is focusing on green low-carbon development, with continuous growth in wind and solar installed capacity[19]. - The company has implemented ultra-low emission modifications across all coal-fired power plants, achieving compliance with local environmental standards[50]. - The company is actively adapting to the "dual carbon" goals and is accelerating the technological upgrade and transformation of coal power units[46]. - The company is committed to addressing environmental risks by adopting advanced technologies for water conservation and wastewater treatment[50]. Risks and Challenges - The company faces significant pressure on coal supply due to limited domestic coal production growth and fluctuating international coal prices, which remain relatively high[47]. - The company identified risks related to extreme weather and rising labor costs in power construction, and is taking proactive measures to ensure project progress[51]. - The company faced foreign exchange risks due to long-term foreign currency borrowings, particularly in USD and PKR, which could impact financial performance[39].

公司已于近日完成了华能国际电力股份有限公司2024年度第十期超短期融 资券（"本期债券"）的发行。本期债券发行额为10亿元人民币，期限为90天，单 位面值为100元人民币，发行利率为1.93%。 本期债券由宁波银行股份有限公司为主承销商组织承销团，通过簿记建档、 集中配售的方式在全国银行间债券市场公开发行。本期债券募集资金将用于补充 公司营运资金、调整债务结构、偿还银行借款及即将到期的债券。 本期债券发行的有关文件已在中国货币网和上海清算所网站上公告，网址分 别为www.chinamoney.com.cn和www.shclearing.com.cn。 特此公告。 华能国际电力股份有限公司董事会 证券代码: 600011 证券简称: 华能国际 公告编号:2024-052 华能国际电力股份有限公司 关于超短期融资券发行的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 华能国际电力股份有限公司（"公司"）2023年年度股东大会于2024年6月25日 通过决议，同意公司自2023年年度股东大会批准时起至2024年年度股东大 ...

特此公告。 华能国际电力股份有限公司（"公司"）2023年年度股东大会于2024年6月25 日通过决议，同意公司在自2023年年度股东大会批准时起至2024年年度股东大 会结束时止，经相关监管部门核准后，在中国境内或境外一次或分次发行本金 余额不超过等值于1300亿元人民币的境内外债务融资工具，包括但不限于境内 市场的公司债券、企业债券和银行间债券市场发行的中期票据等境内债务融资 工具，以及境外市场的离岸人民币债券、境外美元债券和其它外币债券等境外 债务融资工具。 公司已于近日完成了华能国际电力股份有限公司2024年度第八期中期票据 （"本期债券"）的发行。本期债券发行额为13亿元人民币，期限为十年，单位 面值为100元人民币，发行利率为2.36%。 本期债券由招商银行股份有限公司、中信建投证券股份有限公司和长城证 券股份有限公司作为主承销商组织承销团，通过簿记建档、集中配售的方式在 全国银行间债券市场公开发行。本期债券募集资金将用于补充公司营运资金、 调整债务结构、偿还银行借款及即将到期的债券。 本期债券发行的有关文件已在中国货币网和上海清算所网站上公告，网址 分别为www.chinamoney.com.c ...