Edgar Filing: HUANENG POWER INTERNATIONAL INC

form6-k.htm

FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

The Securities Exchange Act of 1934

For the month of April 2016

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

Form 20-F X Form 40-F _____

(Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. )

Yes ____No X

(If "Yes" is marked, indicate below the file number assigned to registrant in connection with Rule 12g3-2(b): 82-__________. )

N/A

Huaneng Power International, Inc.

Huaneng Building,

6 Fuxingmennei Street,

Xicheng District,

Beijing, 100031 PRC

This Form 6-K consists of:

1. An announcement regarding 2016 first quarterly report of Huaneng Power International, Inc. (the Registrant”) ; and

2. An announcement regarding issue of super short-term debentures by the Registrant;

Each made by the Registrant on April 27, 2016.

Announcement 1

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this document, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this document.

(a Sino-foreign joint stock limited company incorporated in the People’s Republic of China)

(Stock Code: 902)

FIRST QUARTERLY REPORT OF 2016

Pursuant to the regulations of the China Securities Regulatory Commission, the Company is required to publish a quarterly report for each of the first and third quarters.

All financial information set out in this quarterly report is unaudited and prepared in accordance with the PRC Accounting Standards (“PRC GAAP”).

This announcement is made by the Company pursuant to Rule 13.09 and Rules 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).

1.	IMPORTANT NOTICE

1.1

The board of directors and the supervisory committee of Huaneng Power International, Inc. (the “Company”, “Huaneng Power International”) together with the members thereof and the senior management warrant that the information contained in this report does not contain any false statements, misleading representations or material omissions. All of them jointly and severally accept responsibility as to the truthfulness, accuracy and completeness of the content of this report.

1.2

All financial information set out in this quarterly report is unaudited and prepared in accordance with the PRC GAAP.

1.3

Cao Peixi (Chairman), Huang Lixin (person in charge of accounting function) and Li Yinghui (person in charge of the Accounting Department) warrant the truthfulness, accuracy and completeness of the content of the quarterly report.

1.4

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2	MAJOR FINANCIAL INFORMATION AND CHANGES IN SHAREHOLDERS OF THE COMPANY

2.1

Major financial information (PRC GAAP) (unaudited)

(Amounts: In RMB Yuan)

	End of current reporting period		End of last year		Variance from end of last year
					(%)

Total assets		297,904,388,776		299,729,722,622		(0.61	)
Shareholders’ equity attributable to shareholders of the Company		83,788,102,361		79,408,970,292		5.51

	From the beginning of the year to the end of current reporting period		From the beginning of the preceding year to the end of equivalent period		Variance from equivalent period of last year
					(%)

Net cash flows generated from operating activities		13,421,866,712		11,396,872,288		17.77

	From the beginning of the year to the end of current reporting period		From the beginning of the preceding year to the end of equivalent period		Variance from equivalent period of last year
					(%)

Operating Revenue		28,822,825,636		34,277,583,268		(15.91	)
Net profit attributable to shareholders of the Company		3,947,576,869		5,034,088,983		(21.58	)
Net profit after deducting non-recurring items attributable to shareholders of the Company		3,901,729,707		4,656,968,779		(16.22	)
Return on net assets (weighted average) (%)		4.84		7.42	Decrease by 2.58 percentage points
Basic earnings per share		0.26		0.35		(25.61	)
Diluted earnings per share		0.26		0.35		(25.61	)

- 2 -

Deducting non-recurring items and amounts:

Items	Total amount from the beginning of the year to the end of current reporting period
	(RMB Yuan)

Losses from disposal of non-current assets		(611,047	)
Government grant recorded in income statement, excluding government grant closely related to the Company’s business and calculated according to national unified standards		68,806,344
Losses from the changes in fair value from held-for-trading financial assets, held-for-trading financial liabilities other than those hedging instruments relating to normal business, and investment income from disposal of held-for-trading financial assets, held-for-trading financial liabilities and available-for-sale financial assets		(509,320	)
Reversal of provision for doubtful accounts receivable individually tested for impairments		124,827
Other non-operating income and expenses excluding the above items		3,692,405
Other non-recurring items		(4,844,871	)
Tax impact of non-recurring items		(14,217,742	)
Impact of non-controlling interests, net of tax		(6,593,434	)

Total		45,847,162

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2.2

Total number of shareholders, ten largest shareholders and shareholding of top ten holders of circulating shares whose shares are not subject to any selling restrictions as at the end of the reporting period

Unit: share

Total number of shareholders	106,821 (including 106,310 holders of A shares, 399 holders of H shares, 112 holders of ADRs)
Top ten holders of shares
Name (in full) of shareholders	Number of shares held at end of reporting period	Percentage (%)	Number of shares held with selling restriction	Status on charges or pledges etc.		Nature of shareholders
Name (in full) of shareholders	Number of shares held at end of reporting period	Percentage (%)	Number of shares held with selling restriction	Status of shares	Number	Nature of shareholders
Huaneng International Power Development Corporation	5,066,662,118	33.33	0	Nil	–	State-owned entity
HKSCC Nominees Limited	3,955,444,020	26.02	0	Nil	–	Foreign entity
China Huaneng Group	1,555,124,549	10.23	0	Nil	–	State-owned entity
Hebei Construction & Investment Group Co., Ltd.	603,000,000	3.97	0	Nil	–	State-owned entity
China Hua Neng Group Hong Kong Limited	472,000,000	3.11	0	Nil	–	Foreign entity
Jiangsu Provincial Investment & Management Limited Liability Company	416,500,000	2.74	0	Nil	–	State-owned entity
Liaoning Energy Investment (Group) Limited Liability Company	388,619,936	2.56	0	Nil	–	State-owned entity
Fujian Investment Development Group Liability Company	355,108,635	2.34	0	Nil	–	State-owned entity
Dalian Municipal Construction Investment Company Limited	301,500,000	1.98	0	Charges	150,750,000	State-owned entity
China Securities Finance Corporation Limited	296,897,888	1.95	0	Nil	–	State-owned entity

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Top ten holders of circulating shares whose shares are not subject to selling restrictions
Name (in full) of shareholders	Number of shares in circulation without any selling restrictions as at the end of the reporting period	Type and number of shares
Name (in full) of shareholders		Type	Number
Huaneng International Power Development Corporation	5,066,662,118	RMB denominated ordinary shares	5,066,662,118
HKSCC Nominees Limited	3,955,444,020	Overseas listed foreign invested shares	3,955,444,020
China Huaneng Group	1,555,124,549	RMB denominated ordinary shares	1,555,124,549
Hebei Construction & Investment Group Co., Ltd.	603,000,000	RMB denominated ordinary shares	603,000,000
China Hua Neng Group Hong Kong Limited	472,000,000	Overseas listed foreign invested shares	472,000,000
Jiangsu Provincial Investment & Management Limited Liability Company	416,500,000	RMB denominated ordinary shares	416,500,000
Liaoning Energy Investment (Group) Limited Liability Company	388,619,936	RMB denominated ordinary shares	388,619,936
Fujian Investment Development Group Limited Liability Company	355,108,635	RMB denominated ordinary shares	355,108,635
Dalian Municipal Construction Investment Company Limited	301,500,000	RMB denominated ordinary shares	301,500,000
China Securities Finance Corporation Limited	296,897,888	RMB denominated ordinary shares	296,897,888
Details relating to the related relationship of the above shareholders or the parties acting in concert	Among the above shareholders, China Huaneng Group, Huaneng International Power Development Corporation and China Hua Neng Group Hong Kong Limited are regarded as parties acting in concert under the “Management Rules on Acquisition of Listing Companies”. The Company is not aware of any related relationship among other shareholders.

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2.3

Total number of holders of preference shares, ten largest holders of preference shares and shareholding of top ten holders of preference shares whose shares are not subject to selling restriction as at the end of the reporting period

£ Applicable R Not applicable

3	SIGNIFICANT EVENTS

3.1

Disclosure as to, and reasons for, material changes in accounting items and financial indices of the Company

R Applicable £ Not applicable

Comparing the consolidated balance sheet of 31 March 2016 and 31 December 2015, the consolidated income statement for the three months ended 31 March 2016 and 2015 and the consolidated cash flow statement for the three months ended 31 March 2016 and 2015, the items with material changes are as below:

Fluctuation analysis of the consolidated balance sheet items

Dividends receivable as at the end of the period decreased by 90.16% compared with the beginning of the period, mainly due to the dividends paid by the joint venture of the Company.

Advance from customers as at the end of the period decreased by 50.09% compared with the beginning of the period, mainly due to the decrease in amounts received in advance for heat sales by the Company and its subsidiaries.

Taxes payable as at the end of the period increased by 59.80% compared with the beginning of the period, mainly due to the increase in the amount of income tax payable and the decrease in the amount of deductible input value-added tax of the Company and its subsidiaries.

Other comprehensive income as at the end of the period increased by 317.27% compared with the beginning of the period, mainly due to the influence of currency translation differences from the Company’s subsidiary, SinoSing Power Pte. Ltd.

Fluctuation analysis of the consolidated income statement items

Non-operating income decreased by 84.89% compared with the same period of last year, mainly due to the decrease of government grants received by the Company and its subsidiaries.

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Other comprehensive income increased by 3,454.09% compared with the same period of last year, mainly due to the influence of currency translation differences from the Company’s subsidiary, SinoSing Power Pte. Ltd.

Fluctuation analysis of the cash flow statement items

Net cash flows used in investment activities decreased by 61.84% compared with the same period of last year, mainly due to the cash outflow of the Company for acquisition of its subsidiaries last year.

Net cash flows used in financing activities increased by 128.80% compared with the same period of last year, mainly due to the increase of cash repayments of borrowings among the Company and its subsidiaries.

3.2

Analysis and description of significant events and their impacts and solutions

£ Applicable R Not applicable

3.3

Status of performance of undertakings given by the Company and shareholders holding 5% or more of shareholding

R Applicable £ Not applicable

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Background	Type (s) of Undertakings	Covenantor	Details of the Undertaking	Time and duration of undertaking	Expiration period	Has the implementation been timely performed
Undertaking relevant to the initial public issuance	To resolve business competition	Huaneng International Power Development Corporation	In disposing of power plant(s) by HIPDC, the Company has a right of first refusal in whether to acquire such power plant(s). In developing coal-fired power plants having capacity of more than 300 MW, the Company will be the only developer under the terms and conditions of the relevant restructuring agreement. With respect to power plants having capacity that fall below 300 MW or other power plants, unless the Company indicates in writing that it has no intention to develop, otherwise the development right should belong to the Company. HIPDC at the same time indicates that with regard to the power development business it engages within China, it will not compete with the Company’s business.	This undertaking shall be subsisting and being performed	No	Yes
	To resolve business competition	China Huaneng Group	The Company has a right of first refusal in the power assets, equity interest and power development projects to be transferred by Huaneng Group	This undertaking shall be subsisting and is being performed	No	Yes

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Background	Type (s) of Undertakings	Covenantor	Details of the Undertaking	Time and duration of undertaking	Expiration period	Has the implementation been timely performed
Other undertaking	To resolve business competition	China Huaneng Group	In order to support the business of Huaneng Power International, Huaneng Group provided non-compete undertakings to Huaneng Power International at times of its initial public offerings within the PRC and overseas. With respect to the non-public placement of shares in 2010 by Huaneng Power International, Huaneng Group provided an Undertaking on Relevant Matters for Further Avoidance of Business Competition by Huaneng Group with Huaneng Power International, Inc. on 17 September 2010 (“Non-Compete Undertakings). To further define the implementation terms and in conjunction with the requirements under Guidance Note No.4 relating to Supervision of Listed Companies – undertakings and implementation of the listed companies’ de facto controllers, shareholders, related parties, acquirer and listed companies and the actual circumstances. On 28 June 2014, Huaneng Group refined and regulated the aforesaid Non-Compete Undertakings in terms set out below:	Term of undertaking: 28 June 2014 to 31 December 2016	Yes	–

			1. it shall treat Huaneng Power International as the only platform for integrating the conventional energy business of Huaneng Group;

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Background	Type (s) of Undertakings	Covenantor	Details of the Undertaking	Time and duration of undertaking	Expiration period	Has the implementation been timely performed
			2. with respect to the conventional energy business assets of Huaneng Group located in Shandong Province, Huaneng Group undertakes that it will improve the profitability of such assets and inject those assets which meet the conditions for listed company (the title(s) of assets or shareholding interest(s) is/are clearly defined, such assets will not lower the earnings per share of Huaneng Power International after injection, with no material breaches or violation of laws and regulations, preservation of the value of state-owned asset(s), renunciation of the pre-emptive rights of existing shareholders) into Huaneng Power International by end of 2016. Huaneng Power International has a right of first refusal to acquire from Huaneng Group the newly developed, acquired or invested projects which are engaged in the conventional energy business of Huaneng Group located in Shandong Province.

- 10 -

Background	Type (s) of Undertakings	Covenantor	Details of the Undertaking	Time and duration of undertaking	Expiration period	Has the implementation been timely performed
			3. with respect to the other non-listed conventional energy business assets of Huaneng Group located in other provincial administrative regions, Huaneng Group undertakes that it will inject such assets which meet the conditions for listed company (the title(s) of assets or shareholding interest(s) is/are clearly defined, such assets will not lower the earnings per share of Huaneng Power International after injection, with no material breaches or violation of laws and regulations, preservation of the value of state-owned asset(s), renunciation of the pre-emptive rights of existing shareholders) into Huaneng Power International by end of 2016 in order to support the sustainable, stable development of Huaneng Power International. 4. Huaneng Group will continue to perform each of its undertakings to support the development of its subordinated listed companies.

3.4

Warnings on any potential loss in accumulated net profit for the period from the beginning of the year to the end of next reporting period or any material changes from the corresponding period last year and the reasons therefor

£ Applicable R Not applicable

	By Order of the Board
	Huaneng Power International, Inc.
	Cao Peixi
	Chairman

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As at the date of this announcement, the Directors of the Company are:

Cao Peixi (Executive Director)

Guo Junming (Non-executive Director)

Liu Guoyue (Executive Director)

Li Shiqi (Non-executive Director)

Huang Jian (Non-executive Director)

Fan Xiaxia (Executive Director)

Mi Dabin (Non-executive Director)

Guo Hongbo (Non-executive Director)

Zhu Yousheng (Non-executive Director)

Li Song (Non-executive Director)

Li Zhensheng (Independent Non-executive Director)

Zhang Shouwen (Independent Non-executive Director)

Yue Heng (Independent Non-executive Director)

Geng Jianxin (Independent Non-executive Director)

Xia Qing (Independent Non-executive Director)

Beijing, the PRC

27 April 2016

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APPENDIX

HUANENG POWER INTERNATIONAL, INC.

UNAUDITED CONSOLIDATED AND THE COMPANY BALANCE SHEETS (PRC GAAP)

AS AT 31 MARCH 2016

Amounts: In RMB Yuan

	31 March		31 December		31 March		31 December
	2016		2015		2016		2015
ASSETS	Consolidated		Consolidated		The Company		The Company

CURRENT ASSETS
Cash at bank and on hand		9,057,935,804		7,537,812,634		3,332,472,154		2,273,464,226
Derivative financial assets		121,143,006		139,467,987		–		–
Notes receivable		1,901,449,206		1,977,789,715		414,207,171		380,297,171
Accounts receivable		12,255,625,737		14,399,611,218		4,557,711,453		4,859,990,862
Advances to suppliers		680,964,588		573,970,075		116,953,140		85,474,780
Interest receivable		129,086		175,160		209,889,721		213,920,590
Dividends receivable		30,000,000		305,000,000		665,734,613		1,058,459,538
Other receivables		1,467,793,375		1,307,297,052		1,925,486,357		1,747,432,091
Inventories		5,156,493,294		5,422,732,047		1,614,330,105		1,637,837,109
Current portion of non-current assets		119,619,203		118,026,701		–		–
Other current assets		185,881,176		104,708,098		12,537,928,354		15,063,382,335

Total current assets		30,977,034,475		31,886,590,687		25,374,713,068		27,320,258,702

NON-CURRENT ASSETS
Available-for-sale financial assets		4,798,186,420		5,127,862,900		4,785,935,620		5,115,612,100
Derivative financial assets		14,628,688		45,044,194		–		–
Long-term receivables		638,446,370		618,279,275		–		–
Long-term equity investment		19,769,522,964		19,516,628,707		66,458,427,683		65,845,969,123
Fixed assets		193,150,256,272		195,479,962,401		57,041,381,063		58,139,351,838
Fixed assets pending for disposal		104,572,165		103,310,923		71,364		311,632
Construction-in-progress		20,560,763,894		20,202,551,214		1,418,400,822		1,323,553,751
Construction materials		3,313,783,076		2,911,105,346		82,571,063		89,989,144
Intangible assets		12,057,612,876		11,679,861,086		1,641,770,587		1,662,275,980
Goodwill		10,364,680,703		9,930,141,838		–		–
Long-term deferred expenses		149,551,024		148,122,857		10,438,971		10,971,200
Deferred income tax assets		1,267,555,266		1,305,547,887		–		–
Other non-current assets		737,794,583		774,713,307		13,832,220,000		14,226,220,000

Total non-current assets		266,927,354,301		267,843,131,935		145,271,217,173		146,414,254,768


TOTAL ASSETS		297,904,388,776		299,729,722,622		170,645,930,241		173,734,513,470

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Amounts: In RMB Yuan

	31 March			31 December			31 March		31 December
	2016			2015			2016		2015
	Consolidated			Consolidated			The Company		The Company

LIABILITIES AND SHAREHOLDERS’ EQUITY

CURRENT LIABILITIES
Short-term loans		47,504,483,227			49,883,489,272			33,280,000,000		34,890,000,000
Derivative financial liabilities		614,391,538			874,851,968			–		–
Notes payable		1,113,262,188			953,319,304			–		–
Accounts payable		7,651,638,029			8,449,768,683			2,816,900,035		3,221,110,024
Advance from customers		224,261,934			449,374,818			36,368,850		156,441,992
Salary and welfare payables		339,524,378			313,284,207			100,357,491		89,226,025
Taxes payable		(492,896,382	)		(1,226,234,304	)		704,012,351		335,966,821
Interest payables		955,112,152			874,333,435			843,927,471		579,116,412
Dividends payable		785,135,018			788,895,018			–		–
Other payables		13,079,821,751			15,078,582,838			2,305,932,710		2,749,388,438
Current portion of non-current liabilities		20,111,903,534			24,371,172,670			13,443,187,753		15,435,571,373
Provision		17,025,950			15,000,516			16,402,411		14,500,326
Other current liabilities		19,755,837,966			19,689,579,263			19,624,854,291		19,597,238,688

Total current liabilities		111,659,501,283			120,515,417,688			73,171,943,363		77,068,560,099

NON-CURRENT LIABILITIES
Long-term loans		67,657,071,221			66,028,023,341			9,506,879,596		10,254,177,412
Derivative financial liabilities		470,342,536			430,089,029			89,048,905		80,456,775
Bonds payable		11,268,205,148			11,261,322,093			11,268,205,148		11,261,322,093
Long-term payables		1,331,956,300			1,359,610,099			–		–
Long-term employee benefits payable		96,489,890			97,024,959			220,020		245,763
Specific accounts payable		44,671,521			48,233,541			29,425,528		30,349,448
Deferred income		2,581,151,383			2,632,172,641			1,892,071,835		1,932,378,381
Deferred income tax liabilities		1,405,431,296			1,417,972,209			7,040,267		82,709,171

Total non-current liabilities		84,855,319,295			83,274,447,912			22,792,891,299		23,641,639,043


TOTAL LIABILITIES		196,514,820,578			203,789,865,600			95,964,834,662		100,710,199,142

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	31 March		31 December		31 March		31 December
	2016		2015		2016		2015
	Consolidated		Consolidated		The Company		The Company

LIABILITIES AND SHAREHOLDERS’ EQUITY (continued)

SHAREHOLDERS’ EQUITY
Share capital		15,200,383,440		15,200,383,440		15,200,383,440		15,200,383,440
Capital surplus		18,250,777,217		18,250,777,217		17,017,744,278		17,017,744,278
Other comprehensive income		565,656,827		135,560,726		2,176,451,132		2,442,247,279
Special reserves		30,958,975		29,499,876		23,147,987		21,835,284
Surplus reserves		8,186,274,738		8,186,274,738		8,186,274,738		8,186,274,738
Undistributed profits		41,554,051,164		37,606,474,295		32,077,094,004		30,155,829,309

Shareholders’ equity attributable to shareholders of the Company		83,788,102,361		79,408,970,292		74,681,095,579		73,024,314,328
Non-controlling interests		17,601,465,837		16,530,886,730		—		—

Total shareholders’ equity		101,389,568,198		95,939,857,022		74,681,095,579		73,024,314,328


TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		297,904,388,776		299,729,722,622		170,645,930,241		173,734,513,470

Legal representative:		Person in charge of accounting function:		Person in charge of accounting department:
Cao Peixi		Huang Lixin		Li Yinghui

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HUANENG POWER INTERNATIONAL, INC.

UNAUDITED CONSOLIDATED AND THE COMPANY INCOME STATEMENTS (PRC GAAP)

FOR THE FIRST QUARTER ENDED 31 MARCH, 2016

Amounts: In RMB Yuan, Except Per Share Data

		For the			For the			For the		For the
		quarter ended			quarter ended			quarter ended		quarter ended
		31 March,			31 March,			31 March,		31 March,
		2016			2015			2016		2015
		Consolidated			Consolidated			The Company		The Company

Operating revenue			28,822,825,636			34,277,583,268			10,151,768,593		13,478,767,897
Less:	Operating cost		19,677,730,468			23,665,292,043			6,574,174,214		8,953,205,639
	Tax and levies on operations		276,743,982			347,942,761			117,564,952		154,755,889
	Selling expenses		744,951			992,420			–		–
	General and administrative expenses		900,271,056			921,138,922			502,313,445		520,654,679
	Financial expenses		1,679,245,944			1,910,411,577			924,076,099		1,168,060,327
	Asset impairment loss		(356,675	)		293,038			–		(3,920	)
Add:	Loss on fair value changes of financial assets/liabilities		(29,459	)		(28,911,002	)		–		–
	Investment income		264,162,012			344,467,653			442,994,291		1,064,428,978
	Including: Investment income from associates and joint ventures		263,674,241			296,634,274			144,976,547		174,159,588

Operating profit			6,552,578,463			7,747,069,158			2,476,634,174		3,746,524,261
Add:	Non-operating income		77,396,682			512,361,521			41,998,092		481,200,833
	Including: gain on disposals of non-current assets		443,426			1,778,020			253,456		1,775,800
Less:	Non-operating expenses		5,508,980			24,717,763			1,708,899		13,667,466
	Including: loss on disposals of non-current assets		1,054,473			10,816			264,849		10,816

Profit before tax			6,624,466,165			8,234,712,916			2,516,923,367		4,214,057,628
Less:	Income tax expense		1,628,309,120			2,005,037,555			595,658,672		886,331,019

Net profit			4,996,157,045			6,229,675,361			1,921,264,695		3,327,726,609

Attributable to:
Shareholders of the Company			3,947,576,869			5,034,088,983			1,921,264,695		3,327,726,609
Non-controlling interests			1,048,580,176			1,195,586,378			—		—

Earnings per share (based on the net profit attributable to Shareholders of the Company) (expressed in RMB per share)
– Basic earnings per share			0.26			0.35			—		—
– Diluted earnings per share			0.26			0.35			—		—

- 16 -

	For the			For the			For the			For the
	quarter ended			quarter ended			quarter ended			quarter ended
	31 March,			31 March,			31 March,			31 March,
	2016			2015			2016			2015
	Consolidated			Consolidated			The Company			The Company

Other comprehensive income/(loss), net of tax		430,560,677			(12,836,871	)		(265,796,147	)		32,077,170
Other comprehensive income (net of tax) attributed to shareholders of the company that may be reclassified to profit or loss		430,096,101			(12,496,396	)		(265,796,147	)		32,077,170
Including:
Gains or losses arising from changes in fair value of available-for-sale financial assets		(247,257,360	)		42,497,359			(247,257,360	)		42,497,359
Share of other comprehensive income of the equity-accounted investee		(12,094,690	)		(5,586,315	)		(12,094,690	)		(5,586,315	)
Effective hedging portion of gain or losses arising from cash flow hedging instruments		176,493,265			371,863,219			(6,444,097	)		(4,833,874	)
Translation differences of the financial statements of foreign operations		512,954,886			(421,270,659	)		–			–
Other comprehensive income (net of tax) attributable to non-controlling interests		464,576			(340,475	)		—			—

Total comprehensive income		5,426,717,722			6,216,838,490			1,655,468,548			3,359,803,779

Attributable to:
Shareholders of the Company		4,377,672,970			5,021,592,587			1,655,468,548			3,359,803,779
Non-controlling interests		1,049,044,752			1,195,245,903			—			—

Legal representative:		Person in charge of accounting function:		Person in charge of accounting department:
Cao Peixi		Huang Lixin		Li Yinghui

- 17 -

HUANENG POWER INTERNATIONAL, INC.

UNAUDITED CONSOLIDATED AND THE COMPANY CASH FLOW STATEMENTS (PRC GAAP)

FOR THE FIRST QUARTER ENDED 31 MARCH, 2016

Amounts: In RMB Yuan

	For the			For the			For the		For the
	quarter ended			quarter ended			quarter ended		quarter ended
	31 March,			31 March,			31 March,		31 March,
	2016			2015			2016		2015
Items	Consolidated			Consolidated			The Company		The Company

Cash flows generated from operating activities
Cash received from sales of goods and services rendered		34,630,442,204			39,466,255,187			11,916,608,905		15,554,599,454
Cash received from return of taxes and fees		17,253,208			13,281,103			–		–
Other cash received relating to operating activities		227,047,820			739,387,662			224,147,181		464,489,416

Sub-total of cash inflows of operating activities		34,874,743,232			40,218,923,952			12,140,756,086		16,019,088,870

Cash paid for goods and services received		15,656,073,360			21,892,479,593			5,938,914,826		10,510,353,666
Cash paid to and on behalf of employees including salary, social welfare, education funds and others in such manner		1,852,769,612			1,725,879,092			829,647,162		774,535,294
Payments of taxes		3,805,930,424			4,783,944,541			1,347,860,381		2,048,452,034
Other cash paid relating to operating activities		138,103,124			419,748,438			211,529,322		321,639,428

Sub-total of cash outflows of operating activities		21,452,876,520			28,822,051,664			8,327,951,691		13,654,980,422


Net cash flows generated from operating activities		13,421,866,712			11,396,872,288			3,812,804,395		2,364,108,448

Cash flows used in investing activities
Cash received from withdrawal of investment		–			–			2,960,100,000		150,000,000
Cash received on investment income		275,967,629			126,403,984			694,773,538		986,273,647
Net cash received from disposals of fixed assets, intangible assets and other long-term assets		10,080,546			8,958,148			3,315,833		4,327,579
Other cash received relating to investing activities		–			17,161,799			–		–

Sub-total of cash inflows of investing activities		286,048,175			152,523,931			3,658,189,371		1,140,601,226

Cash paid for acquiring fixed assets, intangible assets and other long-term assets		4,955,045,946			5,870,356,705			957,634,050		1,086,600,786
Cash paid for investments		2,000			–			478,264,000		8,267,575,368
Net cash paid for acquiring subsidiaries		–			6,514,393,200			—		—
Other cash paid relating to investing activities		–			2,990,596			–		–

Sub-total of cash outflows of investing activities		4,955,047,946			12,387,740,501			1,435,898,050		9,354,176,154


Net cash flows used in investing activities		(4,668,999,771	)		(12,235,216,570	)		2,222,291,321		(8,213,574,928	)

- 18 -

	For the			For the			For the			For the
	quarter ended			quarter ended			quarter ended			quarter ended
	31 March,			31 March,			31 March,			31 March,
	2016			2015			2016			2015
Items	Consolidated			Consolidated			The Company			The Company

Cash flows used in financing activities
Cash received from investments		21,700,000			331,576,197			–			–
Including: cash received from non-controlling interests of subsidiaries		21,700,000			331,576,197			—			—
Cash received from borrowings		17,113,564,280			17,468,179,752			10,200,000,000			13,221,287,461
Cash received from issuance of short-term bonds		6,000,000,000			–			6,000,000,000			–
Other cash received relating to financing activities		28,890,951			125,810,385			10,238,903			14,285,385

Sub-total of cash inflows of financing activities		23,164,155,231			17,925,566,334			16,210,238,903			13,235,572,846

Repayments of borrowings		28,675,116,272			18,242,402,394			20,543,126,424			11,763,602,527
Payments for dividends, profit or interest expense		1,724,966,190			2,854,395,405			623,026,816			942,424,195
Including: dividends paid to non-controlling interests of subsidiaries		3,760,001			656,609,580			—			—
Other cash paid relating to financing activities		55,148,030			15,416,612			18,000,000			–

Sub-total of cash outflows of financing activities		30,455,230,492			21,112,214,411			21,184,153,240			12,706,026,722


Net cash flows used in financing activities		(7,291,075,261	)		(3,186,648,077	)		(4,973,914,337	)		529,546,124

Effect of exchange rate fluctuations on cash held		40,060,727			(23,567,423	)		–			40,287,585

Net increase/(decrease) in cash		1,501,852,407			(4,048,559,782	)		1,061,181,379			(5,279,632,771	)
Add: cash at beginning of period		7,478,249,522			13,021,415,678			2,260,430,516			8,360,386,954

Cash at end of period		8,980,101,929			8,972,855,896			3,321,611,895			3,080,754,183

Legal representative:		Person in charge of accounting function:		Person in charge of accounting department:
Cao Peixi		Huang Lixin		Li Yinghui

- 19 -

Announcement 2

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(a Sino-foreign joint stock limited company incorporated in the People’s Republic of China)

(Stock Code: 902)

OVERSEAS REGULATORY ANNOUNCEMENT

ISSUE OF SUPER SHORT-TERM DEBENTURES

This announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”).

As resolved at the 2014 annual general meeting of Huaneng Power International, Inc. (the “Company”) held on 25 June 2015, the Company has been given a mandate to issue super short-term debentures (in either one or multiple tranches on rolling basis) with a principal amount of up to RMB30 billion (which means that the outstanding principal balance of the super short-term debentures in issue shall not exceed RMB30 billion at any time within the period as prescribed herein) in the PRC within 24 months from the date on which the shareholders’ approval was obtained.

The Company has recently completed the issue of the fifth tranche of the Company’s super short-term debentures for 2016 (the “Debentures”). The total issuing amount was RMB3 billion with a maturity period of 270 days whereas the unit face value is RMB100 and the interest rate is 2.62%.

Bank of China Limited acts as the lead underwriter to form the underwriting syndicate for the Debentures, which were placed through book-building and issued in the domestic bond market among banks. The proceeds from the Debentures will be used to supplement the operational working capital of the Company.

The relevant documents in respect of the Debentures are posted on China Money and Shanghai Clearing House at websites of www.chinamoney.com.cn and www.shclearing.com, respectively.

The Debentures do not constitute any transaction under Chapter 14 and Chapter 14A of the Listing Rules.

	By Order of the Board
	Huaneng Power International, Inc.
	Du Daming
	Company Secretary

- 1 -

As at the date of this announcement, the directors of the Company are:

Cao Peixi		Li Zhensheng
(Executive Director)		(Independent Non-executive Director)
Guo Junming		Zhang Shouwen
(Non-executive Director)		(Independent Non-executive Director)
Liu Guoyue		Yue Heng
(Executive Director)		(Independent Non-executive Director)
Li Shiqi		Geng Jianxin
(Non-executive Director)		(Independent Non-executive Director)
Huang Jian		Xia Qing
(Non-executive Director)		(Independent Non-executive Director)

Fan Xiaxia

(Executive Director)

Mi Dabin

(Non-executive Director)

Guo Hongbo

(Non-executive Director)

Zhu Yousheng

(Non-executive Director)

Li Song

(Non-executive Director)

Beijing, the PRC

27 April 2016

- 2 -

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the under-signed, thereunto duly authorized.

	HUANENG POWER INTERNATIONAL, INC.



	By /s/ Du Daming




	Name:		Du Daming

	Title:		Company Secretary

Date: April 27, 2016