Financial Performance - The company's operating revenue for Q3 2022 was ¥67,083,723,226, representing a 34% increase compared to the same period last year[3]. - Total operating revenue for the first three quarters of 2022 reached ¥183.95 billion, up from ¥145.32 billion in the same period of 2021, representing an increase of approximately 26.67%[16]. - The net profit attributable to shareholders was -¥933,610,916, showing an improvement from -¥3,499,249,295 in the previous year[3]. - The net profit attributable to the parent company for the first three quarters of 2022 was a loss of ¥3.94 billion, compared to a profit of ¥1.05 billion in the same period of 2021[19]. - The company reported a net loss of ¥5.49 billion for the third quarter of 2022, compared to a profit of ¥1.10 billion in the same quarter of 2021[17]. - The company's financial expenses for the first three quarters of 2022 were ¥7.27 billion, compared to ¥6.21 billion in the same period of 2021, indicating an increase of approximately 17.03%[16]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was ¥25,583,009,135, an increase of 11% compared to the same period last year[3]. - Cash flow from operating activities for the first three quarters of 2022 was ¥25.58 billion, compared to ¥23.00 billion in the same period of 2021, showing an increase of about 11.22%[20]. - The company's cash and cash equivalents at the end of the period reached CNY 16.19 billion, up from CNY 13.90 billion at the end of the previous year[21]. - The company’s cash flow from investing activities for the first three quarters of 2022 showed a net outflow of ¥22.37 billion, compared to a net outflow of ¥27.31 billion in the same period of 2021[20]. - The total cash inflow from financing activities amounted to CNY 194.99 billion, an increase from CNY 170.20 billion in the previous year, while the net cash flow from financing activities was negative at CNY -2.64 billion compared to a positive CNY 5.44 billion last year[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥490,068,485,832, reflecting a decrease of 0.88% from the previous year[3]. - Total assets as of September 30, 2022, amounted to RMB 486.11 billion, a decrease from RMB 490.40 billion at the end of 2021[13]. - Total liabilities stood at RMB 366.31 billion, slightly up from RMB 366.18 billion in the previous year[14]. - The total liabilities of the company stood at CNY 366.18 billion, with current liabilities amounting to CNY 186.40 billion[24]. - The total equity attributable to shareholders was RMB 119.79 billion, down from RMB 124.73 billion at the end of 2021[14]. - The company's equity attributable to shareholders was CNY 105.26 billion, reflecting a slight increase from CNY 105.59 billion in the previous year[24]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 77,556, with the largest shareholder holding 32.28% of the shares[9]. - The total number of shareholders as of the report date was not specified, but the top ten shareholders held significant stakes, with China Huaneng Group Co., Ltd. owning 9.91%[11]. Operational Costs and Expenses - Total operating costs for the first three quarters of 2022 were ¥192.17 billion, compared to ¥145.64 billion in 2021, indicating an increase of about 31.88%[16]. - Research and development expenses for the first three quarters of 2022 amounted to ¥672.38 million, significantly higher than ¥301.04 million in the same period of 2021, reflecting an increase of approximately 123.67%[16]. - The company experienced a substantial increase in fuel costs, impacting net profit negatively for the year-to-date[8]. Other Financial Metrics - The company confirmed that the financial statements for Q3 2022 were not audited[2]. - The basic earnings per share for the third quarter of 2022 was -¥0.35, compared to -¥0.04 in the same quarter of 2021[19]. - The company reported a decrease in accounts receivable from RMB 39.86 billion to RMB 37.17 billion year-over-year[13]. - The company’s retained earnings decreased from RMB 16.35 billion to RMB 10.78 billion year-over-year[14]. - The company has a total of CNY 22.90 billion in long-term equity investments, showing a strategic focus on long-term growth[23]. - The company is adapting to new accounting standards, which may impact future financial reporting and performance metrics[21].

Financial Performance - The company's operating revenue for the third quarter reached CNY 67,083,723,226, representing a 34% increase compared to the same period last year[4] - The net loss attributable to shareholders was CNY 933,610,916, a significant improvement from a loss of CNY 3,499,249,295 in the previous year[4] - The net loss attributable to shareholders for the year-to-date period was CNY 3,942,298,192, reflecting a 477% increase in losses compared to the previous year[4] - Total revenue for the first nine months of 2022 reached RMB 183.95 billion, an increase from RMB 145.32 billion in the same period of 2021, representing a growth of approximately 26.6%[18] - The net loss for the first nine months of 2022 was RMB 5.49 billion, compared to a net profit of RMB 1.10 billion in the same period of 2021, indicating a significant decline in profitability[18] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was CNY 25,583,009,135, an increase of 11% compared to the same period last year[5] - Operating cash flow for the first nine months of 2022 was RMB 25.58 billion, an increase from RMB 23.00 billion in the same period of 2021, reflecting improved cash generation from operations[20] - Cash inflows from operating activities increased to RMB 214.54 billion in the first nine months of 2022, compared to RMB 163.32 billion in the same period of 2021, indicating stronger sales performance[20] - Cash inflow from financing activities totaled RMB 194.99 billion in the first nine months of 2022, compared to RMB 170.20 billion in the same period of 2021, representing an increase of approximately 14.5%[21] - The total cash and cash equivalents at the end of September 2022 amounted to RMB 16.19 billion, up from RMB 13.90 billion at the end of September 2021, reflecting an increase of approximately 16.5%[21] Assets and Liabilities - The total assets at the end of the reporting period were CNY 486,109,693,071, reflecting a decrease of 0.88% from the previous year-end[5] - The total current assets as of September 30, 2022, amount to 82,786,159,940 RMB, a decrease from 92,471,124,604 RMB at the end of 2021[14] - The total liabilities as of September 30, 2022, are 366,313,843,738 RMB, compared to 366,176,481,079 RMB at the end of 2021[16] - The total non-current assets as of September 30, 2022, are 403,323,533,131 RMB, an increase from 397,929,672,525 RMB at the end of 2021[14] - Total liabilities and equity as of September 30, 2022, amounted to RMB 486.11 billion, a slight decrease from RMB 490.40 billion at the end of 2021[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 77,556[10] - The largest shareholder, Huaneng International Power Development Company, holds 5,066,662,118 shares, representing 32.28% of the total shares[10] - The company has a diverse shareholder base, with the top ten shareholders holding a combined total of 6,000,000,000 shares, representing a significant portion of the company's equity[11] Operational Efficiency and Cost Management - The company plans to continue focusing on cost management and operational efficiency to mitigate the impact of rising fuel prices on profitability[9] - The company reported a significant increase in government subsidies, totaling CNY 248,510,391 for the current period, contributing to improved financial performance[6] Earnings and Retained Earnings - The weighted average return on net assets was -2.71%, down from -5.69% in the same period last year[4] - The company’s retained earnings decreased to RMB 8.19 billion as of September 30, 2022, down from RMB 16.35 billion at the end of 2021, reflecting the impact of losses on accumulated profits[17] - Other comprehensive losses for the first nine months of 2022 totaled RMB 840.06 million, compared to RMB 57.78 million in the same period of 2021, highlighting increased volatility in other comprehensive income[19] - The company reported a basic and diluted loss per share of RMB 0.35 for the first nine months of 2022, compared to a loss per share of RMB 0.04 in the same period of 2021[18] Investment Activities - Investment activities resulted in a net cash outflow of RMB 22.37 billion for the first nine months of 2022, an improvement from a net outflow of RMB 27.31 billion in the same period of 2021[20] - The company received cash from minority shareholders' investments totaling RMB 1.46 billion in 2022, compared to RMB 1.16 billion in 2021, indicating a significant increase[21] - The company reported a cash outflow for debt repayment of RMB 185.68 billion in 2022, compared to RMB 151.82 billion in 2021, marking an increase of approximately 22.3%[21] Exchange Rate Impact - The impact of exchange rate changes on cash and cash equivalents was a positive RMB 62.73 million in 2022, contrasting with a negative impact of RMB 491.17 million in 2021[21]

Financial Performance - For the six months ended June 30, 2022, the company reported consolidated operating revenue of RMB 116.869 billion, an increase of 22.68% year-on-year[2]. - The net loss attributable to equity holders of the company was RMB 3.22 billion, a decrease of 176.91% compared to the same period last year, with a loss per share of RMB 0.27[2]. - The company's consolidated operating revenue for the first half of 2022 reached RMB 116.87 billion, an increase of 22.68% compared to RMB 95.26 billion in the same period last year[17]. - The company's consolidated operating costs for the first half of 2022 amounted to RMB 116.57 billion, up 37.12% year-on-year[19]. - The company's net loss attributable to equity holders in the first half of 2022 was RMB 3.220 billion, a decrease of 176.91% compared to a net profit of RMB 4.187 billion in the same period last year[24]. - The company reported a pre-tax loss of RMB 4,534,896 thousand for the six months ended June 30, 2022, compared to a profit of RMB 6,043,355 thousand in the same period of 2021[106]. - The company reported a significant increase in depreciation of property, plant, and equipment to RMB 11,519,864 thousand from RMB 10,750,687 thousand year-over-year[106]. - The company’s financial expenses, net, totaled RMB 5,024,325 thousand for the six months ended June 30, 2022, compared to RMB 4,323,261 thousand in the same period of 2021, indicating an increase of approximately 16.2%[100]. Electricity Generation - The total electricity generation from the company's operating power plants in China was 196.544 billion kWh, a year-on-year decrease of 5.61%[3]. - In the first half of 2022, the company's coal-fired power generation decreased by 8.04% year-on-year, totaling 1,673.38 billion kWh[12]. - Wind power generation increased by 30.61% year-on-year, reaching 137.61 billion kWh in the first half of 2022[12]. - Solar power generation saw a significant increase of 69.63% year-on-year, totaling 27.35 billion kWh in the first half of 2022[12]. - The company's hydropower generation increased by 17.32% year-on-year, amounting to 5.10 billion kWh in the first half of 2022[12]. - The overall clean energy generation increased, with wind and solar power contributing significantly to the growth despite declines in coal and gas generation[12]. Market and Pricing - The average on-grid electricity settlement price for the company's domestic power plants was RMB 505.69 per MWh, an increase of 20.70% year-on-year[2]. - The proportion of market-based trading electricity volume reached 87.81%, an increase of 26.76 percentage points year-on-year[3]. - Domestic operating revenue increased by RMB 11.95 billion, primarily due to a rise in average settlement electricity prices[17]. - The company plans to maximize overall benefits by closely tracking regional electricity demand growth and leveraging seasonal peaks in electricity consumption[9]. - The company aims to achieve 100% signing, performance, and execution of long-term contract pricing policies[9]. Costs and Expenses - The company's fuel cost for electricity sold increased by 50.49% year-on-year due to high coal prices[6]. - The increase in domestic operating costs was RMB 22.35 billion, mainly driven by higher fuel costs[19]. - The company's cash flow hedge effective portion fair value change was RMB 1,367,092 thousand for the six months ended June 30, 2022, compared to RMB 991,452 thousand in the same period of 2021, reflecting a significant increase[102]. Investments and Financing - The company will strengthen capital operations and innovate financing tools to broaden financing channels[9]. - The company has over RMB 300 billion in unused comprehensive credit lines from major banks as of June 30, 2022, indicating strong financing capabilities[31]. - The company plans to continue funding capital expenditures through self-owned funds, cash flows from operations, and debt and equity financing[31]. - The company acquired a 25% stake in Shenzhen Energy Group for RMB 2.39 billion, which is expected to provide stable investment returns in the future, contributing RMB 230 million to equity profits in the first half of 2022[34]. Governance and Compliance - The company has established a comprehensive governance structure to maximize shareholder value and ensure compliance with applicable laws and regulations[55]. - The company has implemented various measures to enhance corporate governance and operational quality, including regular reviews of governance policies and training for directors and senior management[58]. - The company has formed an information disclosure committee to oversee the preparation of periodic reports and ensure timely disclosure of significant matters[58]. - The company has adhered to the Corporate Governance Code as stipulated in the listing rules during the reporting period[55]. Environmental and Operational Strategy - The company is committed to green low-carbon development and will accelerate the development of new energy projects[9]. - The company plans to accelerate its green transformation and increase the proportion of clean energy in its energy mix to adapt to the "dual carbon" goals[39]. - The company is actively addressing environmental risks by improving wastewater treatment systems and enhancing coal yard management to comply with strict government regulations[41]. Shareholder Information - The board of directors recommended not to distribute dividends for the year 2021 due to negative net profit attributable to shareholders, which was approved at the annual shareholders' meeting[32]. - The company decided not to declare any dividends for the mid-year of 2022[53]. - The company has issued a total of 15,698,093,359 shares as of June 30, 2022, with 10,997,709,919 shares (70.06%) held by domestic investors and 4,700,383,440 shares (29.94%) held by foreign investors[43].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 116.87 billion, an increase of 22.68% compared to CNY 95.26 billion in the same period last year[19]. - The net profit attributable to shareholders decreased by 167.60% to a loss of CNY 3.01 billion, compared to a profit of CNY 4.45 billion in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 194.97% to a loss of CNY 3.83 billion, down from a profit of CNY 4.04 billion[19]. - Basic earnings per share decreased by 218.18% to -CNY 0.26, compared to CNY 0.22 in the same period last year[20]. - The weighted average return on net assets dropped to -7.35%, a decrease of 11.89 percentage points from 4.54% in the previous year[20]. - The company's net profit attributable to shareholders for the first half of 2022 was -3.01 billion RMB, a decrease of 167.60% compared to the same period last year[32]. - The operating revenue for the first half of 2022 reached 116.87 billion RMB, an increase of 22.68% year-on-year[32]. - The company’s financial expenses increased by 16.15% year-on-year to 4.86 billion RMB, while R&D expenses surged by 129.67% to 279 million RMB[44][47]. - The company reported a total revenue of RMB 16,055,513,447 from sales and services, up from RMB 15,851,607,616 in the first half of 2021[147]. - The company reported a total comprehensive income for the first half of 2022 was a loss of RMB 3.95 billion, compared to a profit of RMB 5.63 billion in the same period of 2021[139]. Cash Flow and Investments - The net cash flow from operating activities was CNY 20.09 billion, an increase of 4.25% compared to CNY 19.27 billion in the same period last year[19]. - Net cash outflow from investing activities decreased by 12.78% year-on-year, mainly due to a decline in large and medium-sized infrastructure expenditures[48]. - Cash inflow from financing activities totaled RMB 63,445,254,379, an increase from RMB 54,482,000,000 in the first half of 2021[148]. - The net cash flow from financing activities was RMB 695,301,724, a recovery from a negative RMB (2,001,473,150) in the same period last year[148]. - The company’s total cash inflow from operating activities was RMB 137.59 billion, an increase from RMB 104.94 billion in the first half of 2021[144]. Operational Highlights - The average on-grid settlement price for operating power plants in China was 505.69 RMB/MWh, up 20.70% year-on-year[32]. - The cumulative on-grid electricity generated by the company's power plants in China was 196.54 billion kWh, a decrease of 5.61% year-on-year[32]. - The average utilization hours for domestic power plants were 1,760 hours, a decrease of 220 hours year-on-year[32]. - The cumulative heat supply completed was 1.78 million GJ, an increase of 8.61% year-on-year[32]. - The company added 3,504 MW of controllable power generation capacity in the first half of 2022, with low-carbon clean energy capacity accounting for 3,154 MW, increasing its proportion by 3.26 percentage points year-on-year[34]. Environmental and Sustainability Efforts - The company has established a carbon trading management system and successfully completed its first compliance task in the national carbon market[70]. - The company is committed to enhancing its clean energy ratio and optimizing its installed capacity structure in response to the "dual carbon" goals[67]. - The company has implemented advanced flue gas purification systems in new coal-fired power plants, complying with local environmental regulations[71]. - The company is actively improving wastewater treatment systems and constructing closed facilities for coal storage to mitigate environmental risks[71]. - The company has maintained a strong focus on reducing emissions, with several plants reporting SO2 levels significantly below the regulatory limits[78]. Risk Management - The company emphasized that the significant decrease in profits was primarily due to a substantial increase in fuel costs driven by rising fuel prices[21]. - The company remains focused on risk management and has implemented effective measures to address potential risks[8]. - The company faces significant pressure from high coal prices and supply uncertainties, with a focus on increasing long-term coal contract coverage to stabilize procurement costs[69]. - The company is actively monitoring coal market changes and national policies to ensure stable coal supply and pricing amid ongoing market volatility[69]. Shareholder and Corporate Governance - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[6]. - The company has a long-term commitment to avoid competition with its controlling shareholder, ensuring operational integrity[93]. - The company has no significant litigation or arbitration matters during the reporting period[95]. - The company has a priority selection right for power development projects from its controlling shareholder, ensuring strategic alignment[93]. Future Outlook - The company expects a significant recovery in electricity demand, projecting a 7.0% growth in total electricity consumption for the second half of 2022[31]. - The company anticipates a recovery in electricity demand in the second half of 2022, driven by national economic policies, despite ongoing risks from localized COVID-19 outbreaks[66]. - The company plans to strengthen capital operations and innovate financing tools to accelerate capital turnover[72]. - The company is exploring potential mergers and acquisitions to strengthen its market position[123].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 65.25 billion, representing a 30.54% increase compared to CNY 49.91 billion in the same period last year[4]. - The net profit attributable to shareholders was a loss of CNY 956.34 million, a decrease of 129.96% from a profit of CNY 3.13 billion in the previous year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 1.41 billion, down 148.30% from CNY 2.86 billion in the same period last year[4]. - The basic and diluted earnings per share were both -CNY 0.09, a decline of 152.94% from CNY 0.17 in the same period last year[5]. - Net profit for Q1 2022 was a loss of RMB 1.11 billion, compared to a profit of RMB 4.10 billion in Q1 2021, indicating a significant decline[19]. Cash Flow - The net cash flow from operating activities decreased by 26.19% to CNY 8.40 billion from CNY 11.33 billion in the previous year[5]. - Cash flow from operating activities was RMB 72.71 billion in Q1 2022, compared to RMB 53.48 billion in Q1 2021, reflecting a 36.0% increase[21]. - The net cash flow from operating activities was 8,403,935,233 RMB, a decrease of 26.3% compared to 11,385,310,326 RMB in the previous period[23]. - Cash inflow from financing activities increased significantly to 77,999,925,032 RMB, compared to 55,833,310,697 RMB, representing an increase of 39.5%[23]. - The net cash flow from financing activities was 1,649,249,836 RMB, a turnaround from a negative cash flow of -1,931,994,554 RMB in the previous period[23]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 488.81 billion, a decrease of 0.31% from CNY 490.07 billion at the end of the previous year[5]. - The total assets amounted to 490,068,485,832 RMB, slightly down from 490,352,918,655 RMB, reflecting a decrease of 0.06%[25]. - The total liabilities decreased slightly to RMB 365.44 billion in Q1 2022 from RMB 366.18 billion in Q1 2021[19]. - The total liabilities were reported at 366,176,481,079 RMB, unchanged from the previous period[26]. - The company's total equity decreased to RMB 123.37 billion in Q1 2022 from RMB 124.18 billion in Q1 2021[19]. Research and Development - The company reported a significant increase in research and development expenses by 109.59% due to enhanced investment in core business[9]. - Research and development expenses rose to RMB 76.88 million in Q1 2022 from RMB 36.68 million in Q1 2021, an increase of 109.0%[19]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 125,055[10]. - The largest shareholder, Huaneng International Power Development Company, holds 5,066,662,118 shares, accounting for 32.28% of total shares[10]. - The company has a total of 1,555,124,549 shares held by China Huaneng Group, representing 9.91% of total shares[10]. Operational Challenges - The company faced challenges in profitability due to rising coal prices impacting domestic power business operations[8]. - The operating costs increased by 51.07% primarily due to a substantial rise in coal procurement prices compared to the same quarter last year[9]. Accounting Standards - The company has implemented new accounting standards starting from 2022, which may affect the financial reporting and performance metrics going forward[24].

Financial Performance - Operating revenue for the reporting period reached CNY 65,250,379,565, representing a year-on-year increase of 30.54%[5] - Net profit attributable to shareholders was a loss of CNY 956,338,198, a decrease of 129.96% compared to the previous year[5] - Basic and diluted earnings per share were both CNY (0.09), a decline of 152.94% year-on-year[5] - The significant decline in net profit was primarily due to rising coal prices impacting domestic electricity operations[9] - Operating loss for Q1 2022 was RMB 968.24 million, compared to an operating profit of RMB 4.97 billion in Q1 2021[20] - Net loss attributable to shareholders for Q1 2022 was RMB 956.34 million, a significant decrease from a profit of RMB 3.19 billion in Q1 2021[20] Cash Flow and Liquidity - Net cash flow from operating activities was CNY 8,403,935,233, down 26.19% from the previous year[5] - Operating cash flow decreased by 26.19% primarily due to increased fuel procurement expenditures[10] - In Q1 2022, the net cash flow from operating activities was RMB 8.40 billion, a decrease of 26.0% compared to RMB 11.39 billion in Q1 2021[22] - The company reported a significant increase in financing cash flow by 185.37% due to net financing amounts in the first quarter[10] - Total cash inflow from financing activities in Q1 2022 was RMB 77.99 billion, an increase of 39.6% from RMB 55.83 billion in Q1 2021[23] - The net increase in cash and cash equivalents at the end of Q1 2022 was RMB 16.33 billion, compared to RMB 13.60 billion at the end of Q1 2021, reflecting a growth of 20.1%[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 488,810,999,006, a decrease of 0.31% compared to the end of the previous year[5] - Total liabilities decreased slightly to RMB 365.44 billion as of March 31, 2022, from RMB 366.18 billion as of December 31, 2021[19] - Current liabilities decreased to RMB 170.75 billion, down from RMB 186.40 billion at the end of 2021, reflecting a reduction of 8.4%[19] - Non-current liabilities increased to RMB 194.69 billion, up from RMB 179.78 billion, marking an increase of 8.3%[19] - Total equity decreased to RMB 123.37 billion from RMB 124.18 billion, a decline of 0.7%[19] Investments and Expenses - Long-term equity investments increased by 1.72% due to the recognition of equity investment income of 378 million yuan and other equity changes[10] - Research and development expenses surged by 109.59%, reflecting the company's increased investment in core business R&D[10] - The company reported a significant increase in research and development expenses to RMB 76.88 million, compared to RMB 36.68 million in the previous year, reflecting a 109.8% increase[20] Inventory and Other Financial Metrics - The company's inventory decreased significantly to 8.68 billion yuan from 16.82 billion yuan year-over-year[16] - Contract liabilities decreased by 79.99% as pre-collected heating fees reduced with the end of the heating season[10] - Fixed assets increased by 1.21% due to the transfer of construction and technical renovation projects to fixed assets[10] - Other comprehensive income after tax for Q1 2022 was RMB 288.83 million, down from RMB 372.92 million in Q1 2021[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 125,055, with the largest shareholder holding 32.28%[11]

Capacity and Energy Production - As of December 31, 2021, the company has a controllable installed capacity of 118,695 MW, with equity installed capacity at 103,875 MW, and low-carbon clean energy capacity accounting for 22.39%[12] - The company operates power plants across 26 provinces, autonomous regions, and municipalities in China, and has investments in Singapore and Pakistan[12] - The company expanded its renewable energy capacity, achieving a total controllable power generation capacity of 799 MW from solar energy and 2,403.45 MW from wind energy[27] - In 2021, the total electricity sales volume was 3,785.28 billion kWh, with coal-fired generation increasing by 10.81% year-on-year[49] - The total electricity generation reached 457.3 billion kWh, representing a year-on-year increase of 13.2%[126] - The total electricity sales volume was 430.165 billion kWh, an increase of 13.23% compared to the previous year[141] Financial Performance - The company's operating revenue for 2021 reached RMB 204.61 billion, an increase from RMB 169.45 billion in 2020, representing a growth of approximately 20.76%[29] - In 2021, the company achieved consolidated operating revenue of RMB 204.605 billion, an increase of 20.75% compared to the previous year[42] - The net profit attributable to shareholders for 2020 was RMB 4.57 billion, a significant increase of 191.51% compared to the previous year[25] - The net loss attributable to equity holders for the same period was RMB 10.636 billion, a decrease of 547.27% compared to the previous year, with a loss per share of RMB 0.81[48] - The company reported a net profit of RMB 3.13 billion for the first quarter of 2021, up 51.75% year-on-year[25] - The company's net profit attributable to equity holders decreased to RMB 10.636 billion, a decline of RMB 15.802 billion or 605.21% compared to the previous year's net profit of RMB 2.611 billion[62] Investments and Projects - The company completed the construction of the first domestic biomass power generation project, the Huaneng Shandong Jiyang Biomass Heat and Power Generation Project[24] - The company launched the first national-level sludge coupling power generation project at Huaneng Chongqing Luohuang Power Plant, which can process nearly one-third of the sludge in Chongqing annually[27] - The company achieved a capital expenditure of RMB 126.49 billion for wind power projects in 2022[69] - The company plans to continue expanding its operations in Pakistan, where procurement costs have risen due to increased coal prices[60] - The company plans to enhance its international cooperation and improve the operational efficiency of overseas assets to increase profitability[75] Governance and Management - The company has a strong governance structure and market reputation, supported by a high-quality workforce and professional management[15] - The company has established a governance structure that clearly defines the responsibilities and powers among shareholders, the board of directors, and management[85] - The company has implemented a competitive compensation policy linked to performance for its 57,513 employees as of December 31, 2021[78] - The board of directors consists of 15 members, with a 100% attendance rate for several key executives during the year[95] - The company has established a comprehensive risk management report, which is regularly reviewed by the board's strategic committee[90] Environmental and Social Responsibility - The company is committed to building a "green enterprise" and ensuring efficient resource utilization[46] - The company has made significant investments in environmental protection technologies and has been recognized for its safety, quality, and progress in overseas power construction projects[14] - The company purchased over 50 million yuan worth of agricultural products from poverty-stricken areas throughout the year[131] - The company donated over 2 million yuan in cash and materials for flood relief efforts in Henan province[131] - The company actively participated in community development and social responsibility initiatives, including education and environmental protection activities[131] Future Outlook and Strategy - The company aims to achieve carbon peak and carbon neutrality, focusing on green low-carbon energy transformation and optimizing coal power structure[75] - The expected growth in national electricity consumption for 2022 is projected at 5%-6%, with a decrease in growth rate by approximately 4 percentage points compared to the previous year[76] - The company plans to enhance its market analysis and optimize carbon market trading to improve operational efficiency[144] - Huaneng International plans to expand its market presence by increasing investments in renewable energy projects by 20% over the next three years[192] - The company aims to reduce carbon emissions by 15% by 2025 as part of its sustainability strategy[192] Challenges and Risks - The company faced challenges in 2021 due to fluctuations in the electricity, fuel, and capital markets, resulting in operational losses primarily influenced by rising fuel prices[178] - Financial risks are expected to rise, with an increase in financial expenses anticipated[83] - The international coal market is experiencing supply-demand tension due to Indonesia's coal export restrictions and global uncertainties[81] - The company experienced a significant increase in procurement costs due to rising electricity prices in the Singapore market, impacting overall operational expenses[61] Shareholder Relations - The company will not distribute dividends for 2021 due to a net loss, despite having distributed a total of RMB 62.687 billion in dividends since 1998[44] - The company maintains a cash dividend policy, distributing at least 50% of the distributable profit in years of profitability[133] - The company emphasizes a two-way communication approach with investors, utilizing various channels such as calls, emails, and roadshows[133] - The company actively participated in online investor meetings, conducting 12 sessions with over 200 institutional investors[136] Technological Advancements - The company has achieved significant technological advancements, including the first domestic implementation of a 1 million kW ultra-supercritical coal-fired unit and the first digitalized unit of its kind[14] - The company has made significant technological breakthroughs, including the launch of China's first integrated DCS/DEH+SIS million-kilowatt secondary reheating project[45] - The company has been recognized for its ESG practices, being featured in the "ESG Development White Paper" by the China Listed Companies Association[86] - The company has developed various financial management regulations to ensure the authenticity and completeness of financial reports[89]

Financial Performance - The company's operating revenue for 2021 was CNY 204.61 billion, an increase of 20.75% compared to CNY 169.44 billion in 2020[17]. - The net profit attributable to shareholders was a loss of CNY 10.26 billion, a decrease of 324.85% from a profit of CNY 4.56 billion in 2020[17]. - The net cash flow from operating activities was CNY 6.03 billion, down 85.65% from CNY 42.05 billion in 2020[17]. - The total assets at the end of 2021 were CNY 490.07 billion, an increase of 11.84% from CNY 438.21 billion at the end of 2020[18]. - The net assets attributable to shareholders decreased by 13.51% to CNY 105.26 billion from CNY 121.70 billion at the end of 2020[18]. - The basic earnings per share for 2021 was -0.79 CNY, a decrease of 538.89% compared to 0.18 CNY in 2020[19]. - The diluted earnings per share for 2021 was also -0.79 CNY, reflecting the same percentage decrease as basic earnings per share[19]. - The company reported a significant decrease in net profit due to non-recurring losses, with a net profit excluding non-recurring items at a loss of CNY 12.56 billion[17]. - The weighted average return on equity for 2021 was -19.15%, a decrease of 22.96 percentage points from 3.81% in 2020[19]. Dividend Policy - The company will not distribute dividends for 2021 due to a negative net profit and increased investment needs for transformation[4]. Risk Management - The company emphasizes risk management, focusing on potential risks from the COVID-19 pandemic, electricity market, coal market, carbon market, and environmental regulations in 2022[5]. Operational Highlights - The total electricity generated by the company's power plants in China reached 430.165 billion kWh, a year-on-year increase of 13.23%[32]. - The average utilization hours of domestic power plants were 4,058 hours, an increase of 314 hours year-on-year, with coal-fired units averaging 4,488 hours, up 429 hours[32]. - The company purchased 203 million tons of coal in 2021, with an average procurement price of RMB 770.67 per ton, a year-on-year increase of 60.85%[32]. - The average on-grid electricity settlement price was RMB 431.88 per MWh, an increase of 4.41% year-on-year, while the fuel cost for coal-fired power plants was RMB 316.36 per MWh, up 51.32%[35]. - The company added controllable installed capacity of 5,232.45 MW in 2021, with low-carbon clean energy projects accounting for 3,232.45 MW[32]. International Operations - The company's overseas projects were profitable, with Singapore operations generating revenue of RMB 16.3 billion and net profit of RMB 125 million, while Pakistan operations generated revenue of RMB 5.2 billion and net profit of RMB 762 million[32]. - The company’s overseas assets amounted to CNY 40,490,916,241, accounting for 8.26% of total assets[62]. Research and Development - The company authorized 80 invention patents and 2,365 utility model patents in 2021, indicating a strong focus on innovation[38]. - The company reported a significant increase in R&D expenses, which rose by 98.43% to RMB 1.32 billion[47]. - The company has maintained a research and development investment of 1.325 billion yuan, accounting for 0.65% of operating revenue[55]. Environmental Compliance - The company achieved compliance with emission standards across all power plants, with SO2 emissions ranging from 0.002 to 0.139 g/kWh[143]. - NOx emissions were reported between 0.067 and 0.219 g/kWh, indicating adherence to environmental regulations[143]. - The company operates a total of 288 emission outlets, all of which are compliant with the relevant permits[143]. - The company has successfully maintained a consistent performance in wastewater management, with reported values at or below regulatory limits[143]. Governance and Management - The company maintains independence in assets, personnel, finance, and operations, with a governance structure recognized by regulatory bodies and investors[102]. - The board consists of over 50% external directors and one-third independent directors, ensuring effective decision-making and compliance[102]. - The company has established a comprehensive governance framework, including rules for shareholder and board meetings, to support decision-making processes[102]. Future Outlook - The company anticipates that the national non-fossil energy generation capacity will reach approximately 50% of the total installed capacity by 2022[93]. - The company plans to enhance its renewable energy capacity while ensuring the reliable replacement of traditional energy sources[87]. - Future guidance indicates a focus on increasing production capacity in high-growth areas such as biomass and wind energy[67]. Community Engagement - The company invested over 10 million yuan in assistance funds to support rural revitalization and improve local education, healthcare, and living conditions[156]. - The company has been recognized as one of the "Top 500 Charitable Enterprises in China" in 2021 for its social responsibility efforts[155].

Financial Performance - Operating revenue for Q3 2021 was CNY 49,889,865,731, representing a 16.82% increase compared to CNY 42,705,812,476 in the same period last year[5] - Net profit attributable to shareholders was a loss of CNY 3,499,249,295, a decrease of 203.05% from a profit of CNY 3,395,663,635 in the previous year[5] - The net profit after deducting non-recurring gains and losses was a loss of CNY 3,656,942,803, reflecting a significant decline of 97.61% compared to CNY 8,851,504,370 in the same period last year[5] - Basic earnings per share were -CNY 0.26, a decrease of 244.44% from CNY 0.18 in the previous year[5] - The net profit attributable to the parent company's shareholders for Q3 2021 was ¥782,886,659, compared to ¥9,127,930,870 in the same period of 2020, indicating a significant decline[21] - The total comprehensive income for Q3 2021 was ¥774,180,332, down from ¥11,024,936,370 in Q3 2020[21] Cash Flow - Cash flow from operating activities was not applicable, with a year-to-date net cash flow of CNY 22,794,446,279, down 16.40% from CNY 27,267,650,082 last year[5] - The net cash flow from operating activities for Q3 2021 was ¥22,794,446,279, down from ¥27,267,650,082 in Q3 2020[23] - Cash inflow from operating activities for the first three quarters of 2021 was ¥163,010,668,144, an increase from ¥130,596,312,102 in the same period of 2020[23] - Cash inflow from financing activities in Q3 2021 totaled ¥170,199,893,489, compared to ¥153,363,053,881 in Q3 2020[24] - The net cash flow from financing activities for Q3 2021 was ¥5,441,478,302, a significant increase from ¥83,255,199 in Q3 2020[24] - The company reported a cash outflow from investment activities of ¥27,101,622,134 for Q3 2021, compared to a cash outflow of ¥26,136,193,874 in the same period of 2020[23] - The company received cash from the issuance of bonds amounting to ¥41,800,000,000 in Q3 2021, compared to ¥12,188,307,452 in the same period of 2020[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 453,462,575,652, an increase of 3.48% from CNY 438,205,752,374 at the end of the previous year[5] - Current assets totaled CNY 71,544,638,556 as of September 30, 2021, compared to CNY 66,137,631,313 in the previous year, reflecting an increase of approximately 8.0%[18] - The total liabilities of the company as of September 30, 2021, were CNY 315,615,919,972, compared to CNY 296,730,398,479 at the end of 2020[19] - The company's short-term borrowings rose by 11.17%, with an increase of 7.84 billion RMB in credit borrowings[10] - The company's short-term borrowings increased to CNY 73,718,402,459 from CNY 66,311,160,062, marking an increase of about 6.5%[19] Operating Costs and Revenue - The company's operating revenue increased by 19.00% due to a rise in domestic electricity sales[10] - The company reported a 36.53% increase in operating costs, attributed to rising fuel prices and increased power generation[10] - Total operating revenue for the first three quarters of 2021 reached CNY 145,005,454,078, an increase from CNY 121,854,667,793 in the same period of 2020, representing a growth of approximately 19.0%[20] - Total operating costs for the first three quarters of 2021 were CNY 145,530,938,087, compared to CNY 109,535,824,256 in 2020, indicating an increase of about 32.8%[20] Research and Development - Research and development expenses surged by 83.80%, reflecting increased investment in core business initiatives[10] - Research and development expenses for the first three quarters of 2021 were CNY 301,035,184, up from CNY 163,783,720 in the same period of 2020, indicating an increase of approximately 83.8%[20] Equity and Shareholder Information - Shareholders' equity attributable to the parent company decreased by 4.04% to CNY 121,698,538,280 from CNY 116,779,970,398 last year[5] - The number of common shareholders reached 105,214 by the end of the reporting period[11] Other Financial Metrics - The company experienced a significant decrease in weighted average return on equity, dropping by 11.44 percentage points to -1.14% from 10.30% in the previous year[5] - Non-recurring gains and losses totaled CNY 157,693,508 for the current period, compared to CNY 571,479,195 for the year-to-date[7] - The company reported government subsidies of CNY 143,263,936, which are closely related to normal business operations[7] - The fair value of derivative financial assets increased by 635.64%, driven by significant price increases in HSFO[9] - The company's inventory rose by 14.38% due to a substantial increase in coal prices[9] - Long-term equity investments increased by 4.50%, with additional investments totaling 580 million RMB in joint ventures[9]