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 October 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:

An announcement regarding 2016 third quarterly report of Huaneng Power International, Inc. (the Registrant”), made by the Registrant on October 25, 2016.

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)

THIRD 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		299,723,834,000		299,729,722,622		(0.002	)
Shareholders’ equity attributable to shareholders of the Company		82,776,358,171		79,408,970,292		4.24

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

Net cash flows generated from operating activities		27,399,318,462		35,552,547,885		(22.93	)

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

Operating Revenue		83,220,630,924		97,249,318,901		(14.43	)
Net profit attributable to shareholders of the Company		9,388,699,756		13,234,752,709		(29.06	)
Net profit after deducting non-recurring items attributable to shareholders of the Company		9,286,317,318		12,817,950,431		(27.55	)
Return on net assets (weighted average) (%)		11.42		18.40	Decrease by 6.98 percentage points
Basic earnings per share (RMB per share)		0.62		0.92		(32.61	)
Diluted earnings per share (RMB per share)		0.62		0.92		(32.61	)

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Non-recurring items and amounts:

þ Applicable ¨ Not applicable

(Amounts: In RMB Yuan)

Items	Total amount of Current reporting period (July to September)			Total amount from the beginning of the year to the end of current reporting period (January to September)			Notes

Losses from disposal of non-current assets		(158,425,237	)		(200,796,816	)
Government grant recorded in income statement, excluding government grant closely related to the Company’s business and calculated according to national unified standards		110,821,770			287,243,477
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 (loss)/income from disposal of held- for-trading financial assets, held-for-trading financial liabilities and available-for-sale financial assets		(515,151	)		10,889,884
Reversal of provision for doubtful accounts receivable individually tested for impairments		1,207,752			1,622,368
Other non-operating income and expenses excluding the above items		(4,971,855	)		19,782,747			Other non-operating income and expenses excluding the above items mainly include donations, fines etc. of the Company and its subsidiaries for the nine months ended 30 September 2016.
Other non-recurring items		(7,403,224	)		(17,266,116	)		Other non-recurring items mainly include interest income on designed loan to a joint venture, entrusted management fee and trusteeship management income.


Sub-total		(59,285,945	)		101,475,544
Tax impact of non-recurring items		20,500,873			(8,630,833	)
Impact of non-controlling interests, net of tax		5,980,223			9,537,727

Total		(32,804,849	)		102,382,438

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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	97,887
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	3,932,435,940	25.87	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	365,818,238	2.41	0	Nil	–	State-owned entity
China Securities Finance Corporation Limited	344,866,162	2.27	0	Nil	–	State-owned entity
Dalian Municipal Construction Investment Company Limited	301,500,000	1.98	0	Charges	150,750,000	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	3,932,435,940	Overseas listed foreign invested shares	3,932,435,940
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	365,818,238	RMB denominated ordinary shares	365,818,238
China Securities Finance Corporation Limited	344,866,162	RMB denominated ordinary shares	344,866,162
Dalian Municipal Construction Investment Company Limited	301,500,000	RMB denominated ordinary shares	301,500,000
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 þ Not applicable

3	SIGNIFICANT EVENTS

3.1

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

þ Applicable ¨ Not applicable

Comparing the consolidated balance sheet of 30 September 2016 and 31 December 2015, the consolidated income statement for the nine months ended 30 September 2016 and 2015 and the consolidated cash flow statement for the nine months ended 30 September 2016 and 2015, the items with material changes are as below:

Consolidated balance sheet items

(1)

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.

(2)

Other current assets as at the end of the period increased by 109.96% compared with the beginning of the period, mainly due to the increase of advance payment of income tax of a subsidiary of the Company.

(3)

Construction materials as at the end of the period increased by 41.27% compared with the beginning of the period, mainly due to the increased expenditure on equipment by the Company and its subsidiaries.

(4)

Derivative financial liabilities (current portion) as at the end of the period decreased by 67.59% compared with the beginning of the period, mainly due to the increase in the fair value of the hedging instruments of fuel swaps contracts held by the Company’s subsidiary, SinoSing Power Pte. Ltd.

(5)

Advances from customers as at the end of the period decreased by 47.34% 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.

(6)

Salary and welfare payables as at the end of the period increased by 44.02% compared with the beginning of the period, mainly due to rise in provision of staff and workers’ bonus and welfare fund according to the board resolution of a subsidiary of the Company.

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(7)

Dividends payable as at the end of the period increased by 175.05% compared with the beginning of the period, mainly due to the dividends declared by partially owned subsidiaries of the Company.

(8)

Current portion of non-current liabilities as at the end of the period decreased by 46.19% compared with the beginning of the period, mainly due to the decline in amount of the current portion of the long-term loans and bonds of the Company and its subsidiaries.

(9)

Bonds payable as at the end of the period increased by 37.48% compared with the beginning of the period, mainly due to the issuance of the corporate bond by the Company.

(10)

Other comprehensive income as at the end of the period increased by 849.08% compared with the beginning of the period, mainly due to the changes in currency translation differences and rise in fair value of the hedging instruments of fuel swaps contracts held by the Company’s subsidiary, SinoSing Power Pte. Ltd..

Consolidated income statement items

(1)

Non-operating income decreased by 50.22% compared with the same period of last year, mainly due to the less amount of government grants received.

(2)

Net profit attributable to shareholders of the Company decreased by 29.06% compared with the same period of last year, mainly due to the reduction of on- grid tariff for coal-fired power decided by NDRC, decline in power generation and increase in unplanned power transaction compared with the same period of last year.

Consolidated cash flows statement items

(1)

Net cash flows generated from investing activities (net cash outflow) decreased by 58.38% compared with the same period of last year, mainly due to the cash outflow of the Company for acquisition of its subsidiaries last year.

(2)

Net cash flows generated from financing activities (net cash outflow) increased by 43.43% 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 þ Not applicable

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3.3

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

þ Applicable ¨ Not applicable

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
Undertaking relevant to the initial public issuance	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 þ 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)		Li Zhensheng (Independent Non-executive Director)
Guo Junming (Non-executive Director)		Yue Heng (Independent Non-executive Director)
Liu Guoyue (Executive Director)		Geng Jianxin (Independent Non-executive Director)
Li Shiqi (Non-executive Director)		Xia Qing (Independent Non-executive Director)
Huang Jian (Non-executive Director)		Xu Mengzhou (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

25 October 2016

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APPENDIX

HUANENG POWER INTERNATIONAL, INC.

UNAUDITED CONSOLIDATED AND THE COMPANY BALANCE SHEETS (PRC GAAP)

AS AT 30 SEPTEMBER, 2016

Amounts: In RMB Yuan

	30 September 2016		31 December 2015		30 September 2016		31 December 2015
ASSETS	Consolidated		Consolidated		The Company		The Company

CURRENT ASSETS
Cash		7,650,272,841		7,537,812,634		969,383,999		2,273,464,226
Derivative financial assets		113,286,489		139,467,987		–		–
Notes receivable		2,315,030,610		1,977,789,715		441,260,232		380,297,171
Accounts receivable		12,195,114,608		14,399,611,218		4,261,771,970		4,859,990,862
Advances to suppliers		683,584,375		573,970,075		125,375,717		85,474,780
Interest receivable		97,890		175,160		30,997,952		213,920,590
Dividends receivable		30,000,000		305,000,000		2,651,936,268		1,058,459,538
Other receivables		1,405,144,610		1,307,297,052		2,250,388,444		1,747,432,091
Inventories		5,708,341,112		5,422,732,047		2,060,366,625		1,637,837,109
Current portion of non-current assets		135,531,144		118,026,701		28,350		–
Other current assets		219,848,635		104,708,098		8,848,415,533		15,063,382,335

Total current assets		30,456,252,314		31,886,590,687		21,639,925,090		27,320,258,702

NON-CURRENT ASSETS
Available-for-sale financial assets		5,060,897,365		5,127,862,900		5,048,646,565		5,115,612,100
Derivative financial assets		35,603,683		45,044,194		–		–
Long-term receivables		576,500,569		618,279,275		–		–
Long-term equity investment		20,220,466,088		19,516,628,707		67,789,128,803		65,845,969,123
Fixed assets		191,288,464,788		195,479,962,401		55,755,732,475		58,139,351,838
Fixed assets pending for disposal		115,281,702		103,310,923		5,392,527		311,632
Construction-in-progress		23,169,493,787		20,202,551,214		1,266,112,171		1,323,553,751
Construction materials		4,112,383,305		2,911,105,346		96,115,770		89,989,144
Intangible assets		12,033,915,252		11,679,861,086		1,602,310,151		1,662,275,980
Goodwill		10,583,139,764		9,930,141,838		–		–
Long-term deferred expenses		164,519,647		148,122,857		16,764,474		10,971,200
Deferred income tax assets		1,243,293,337		1,305,547,887		–		–
Other non-current assets		663,622,399		774,713,307		15,538,170,000		14,226,220,000

Total non-current assets		269,267,581,686		267,843,131,935		147,118,372,936		146,414,254,768

TOTAL ASSETS		299,723,834,000		299,729,722,622		168,758,298,026		173,734,513,470

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	30 September 2016			31 December 2015			30 September 2016		31 December 2015
LIABILITIES AND SHAREHOLDERS’ EQUITY	Consolidated			Consolidated			The Company		The Company

CURRENT LIABILITIES
Short-term loans		50,138,149,500			49,883,489,272			31,649,000,000		34,890,000,000
Derivative financial liabilities		283,530,736			874,851,968			–		–
Notes payable		955,166,331			953,319,304			–		–
Accounts payable		8,176,194,048			8,449,768,683			3,040,590,877		3,221,110,024
Advances from customers		236,622,856			449,374,818			42,060,356		156,441,992
Salary and welfare payables		451,191,960			313,284,207			113,442,798		89,226,025
Taxes payable		(1,577,281,178	)		(1,226,234,304	)		225,534,647		335,966,821
Interest payables		782,502,368			874,333,435			661,080,179		579,116,412
Dividends payable		2,169,875,007			788,895,018			–		–
Other payables		13,952,100,468			15,078,582,838			2,356,845,585		2,749,388,438
Current portion of non-current liabilities		13,115,337,384			24,371,172,670			6,706,848,403		15,435,571,373
Provision		11,710,328			15,000,516			8,748,059		14,500,326
Other current liabilities		23,664,670,919			19,689,579,263			23,496,326,473		19,597,238,688

Total current liabilities		112,359,770,727			120,515,417,688			68,300,477,377		77,068,560,099

NON-CURRENT LIABILITIES
Long-term loans		67,623,923,352			66,028,023,341			7,266,934,906		10,254,177,412
Derivative financial liabilities		301,848,175			430,089,029			69,544,673		80,456,775
Bonds payable		15,481,988,814			11,261,322,093			15,481,988,814		11,261,322,093
Long-term payables		953,075,645			1,359,610,099			–		–
Long-term Employee benefits payable		95,939,814			97,024,959			168,134		245,763
Specific accounts payable		46,452,895			48,233,541			31,581,554		30,349,448
Deferred income tax liabilities		1,585,170,301			1,417,972,209			81,365,832		82,709,171
Deferred income		2,588,553,639			2,632,172,641			1,889,986,975		1,932,378,381

Total non-current liabilities		88,676,952,635			83,274,447,912			24,821,570,888		23,641,639,043

TOTAL LIABILITIES		201,036,723,362			203,789,865,600			93,122,048,265		100,710,199,142

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LIABILITIES AND SHAREHOLDERS’ EQUITY	30 September 2016		31 December 2015		30 September 2016		31 December 2015
(CONTINUED)	Consolidated		Consolidated		The Company		The Company

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		1,286,588,198		135,560,726		2,199,723,357		2,442,247,279
Special reserves		45,444,256		29,499,876		36,286,149		21,835,284
Surplus reserves		8,186,274,738		8,186,274,738		8,186,274,738		8,186,274,738
Undistributed profits		39,806,890,322		37,606,474,295		32,995,837,799		30,155,829,309

Shareholders’ equity attributable to shareholders of the Company		82,776,358,171		79,408,970,292		75,636,249,761		73,024,314,328

Non-controlling interests		15,910,752,467		16,530,886,730		—		—

Total shareholders’ equity		98,687,110,638		95,939,857,022		75,636,249,761		73,024,314,328

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		299,723,834,000		299,729,722,622		168,758,298,026		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 THIRD QUARTER ENDED 30 SEPTEMBER, 2016

Amounts: In RMB Yuan, Except Per Share Data

		For the quarter ended 30 September,			For the quarter ended 30 September,			For the quarter ended 30 September,		For the quarter ended 30 September,
		2016			2015			2016		2015
		Consolidated			Consolidated			The Company		The Company

Operating revenue			30,296,259,772			31,943,846,855			11,437,258,232		11,764,779,801
Less:	Operating cost		23,010,201,776			22,336,754,209			8,315,230,174		7,690,932,260
	Tax and levies on operations		212,280,273			281,127,247			91,164,026		142,412,350
	Selling expenses		4,121,431			1,103,529			1,488,743		–
	General and administrative expenses		832,308,444			962,578,869			451,096,694		538,499,923
	Financial expenses		1,712,500,753			2,116,559,096			947,854,437		1,323,382,344
	Asset impairment loss		(322,432	)		(9,138	)		–		–
Add:	Gain on fair value changes of financial assets/liabilities		81,157			14,657,817			–		–
	Investment income		438,730,173			403,928,184			3,677,717,291		2,697,798,263
	Including: Investment income from associates and joint ventures		438,487,487			426,687,368			340,361,341		278,654,167

Operating profit			4,963,980,857			6,664,319,044			5,308,141,449		4,767,351,187
Add:	Non-operating income		145,098,826			128,965,646			106,087,135		77,386,485
	Including: gain on disposals of non-current assets		3,027,418			20,232,259			2,440,229		3,267,542
Less:	Non-operating expenses		197,674,148			56,629,722			147,129,133		12,862,400
	Including: loss on disposals of non-current assets		161,452,655			27,581,524			134,785,225		838,395

Profit before tax			4,911,405,535			6,736,654,968			5,267,099,451		4,831,875,272
Less:	Income tax expense		1,157,629,523			1,615,166,151			465,734,324		624,332,820

Net profit			3,753,776,012			5,121,488,817			4,801,365,127		4,207,542,452

Attributable to:
	Shareholders of the Company		3,096,386,557			4,176,176,808			4,801,365,127		4,207,542,452
	Non-controlling interests		657,389,455			945,312,009			—		—

- 16 -

	For the quarter ended 30 September,			For the quarter ended 30 September,			For the quarter ended 30 September,			For the quarter ended 30 September,
	2016			2015			2016			2015
	Consolidated			Consolidated			The Company			The Company

Earnings per share (based on the net profit attributable to shareholders of the Company) (expressed in RMB per share)
– Basic earnings per share		0.21			0.29			—			—
– Diluted earnings per share		0.21			0.29			—			—

Other comprehensive income, net of tax		151,728,922			375,157,895			119,530,257			836,924,490
Items that may be reclassified subsequently to profit or loss attributable to shareholders of the Company		151,812,786			375,371,884			119,530,257			836,924,490

Including:
Fair value changes of available-for-sale financial asset		156,467,548			(73,404,529	)		156,467,548			(73,404,529	)
Share of other comprehensive income of investees accounted for under the equity method		(51,639,117	)		919,122,527			(51,639,117	)		919,122,527
Effective portion of cash flow hedges		138,752,595			(217,968,013	)		14,701,826			(8,793,508	)
Translation differences of the financial statements of foreign operations		(91,768,240	)		(252,378,101	)		–			–
Other comprehensive loss attributable to non-controlling interests, net of tax		(83,864	)		(213,989	)		—			—

Total comprehensive income		3,905,504,934			5,496,646,712			4,920,895,384			5,044,466,942

Attributable to:
Shareholders of the Company		3,248,199,343			4,551,548,692			4,920,895,384			5,044,466,942
Non-controlling interests		657,305,591			945,098,020			—			—

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 INCOME STATEMENTS (PRC GAAP)

FOR THE NINE MONTHS ENDED 30 SEPTEMBER, 2016

Amounts: In RMB Yuan, Except Per Share Data

		For the nine months ended 30 September,			For the nine months ended 30 September,			For the nine months ended 30 September,			For the nine months ended 30 September,
		2016			2015			2016			2015
		Consolidated			Consolidated			The Company			The Company

Operating revenue			83,220,630,924			97,249,318,901			30,903,238,194			37,507,880,302
Less:	Operating cost		60,844,051,526			67,746,083,025			21,414,181,858			24,735,983,355
	Tax and levies on operations		669,559,625			891,648,250			280,390,479			429,622,990
	Selling expenses		9,525,550			3,053,737			3,050,414			–
	General and administrative expenses		2,510,260,696			2,746,545,213			1,398,435,358			1,535,007,965
	Financial expenses		5,116,134,547			5,962,978,320			2,807,987,740			3,621,920,822
	Asset impairment loss		147,202,595			177,171,263			(1,113	)		178,127,559
Add:	Loss on fair value changes of financial assets/liabilities		(17,746,795	)		(25,916,437	)		–			–
	Investment income		1,130,034,666			1,313,341,855			6,441,606,645			6,975,395,561
	Including: Investment income from associates and joint ventures		995,724,874			1,178,916,562			712,307,396			788,497,149

Operating profit			15,036,184,256			21,009,264,511			11,440,800,103			13,982,613,172
Add:	Non-operating income		369,262,621			741,731,551			208,968,259			626,286,683
	Including: gain on disposals of non-current assets		5,450,095			31,122,571			2,983,961			7,991,759
Less:	Non-operating expenses		263,033,212			220,262,324			154,844,996			109,808,013
	Including: loss on disposals of non-current assets		206,246,911			106,826,879			142,263,251			51,557,173

Profit before tax			15,142,413,665			21,530,733,738			11,494,923,366			14,499,091,842
Less:	Income tax expense		3,633,568,416			5,226,957,629			1,510,074,659			2,254,246,407

Net profit			11,508,845,249			16,303,776,109			9,984,848,707			12,244,845,435

Attributable to:
	Shareholders of the Company		9,388,699,756			13,234,752,709			9,984,848,707			12,244,845,435
	Non-controlling interests		2,120,145,493			3,069,023,400			—			—

- 18 -

	For the nine months ended 30 September,			For the nine months ended 30 September,			For the nine months ended 30 September,			For the nine months ended 30 September,
	2016			2015			2016			2015
	Consolidated			Consolidated			The Company			The Company

Earnings per share (based on the net profit attributable to shareholders of the Company)
(expressed in RMB per share)
– Basic earnings per share		0.62			0.92			—			—
– Diluted earnings per share		0.62			0.92			—			—

Other comprehensive income/(loss), net of tax		1,151,730,054			1,515,548,702			(242,523,922	)		1,686,085,928
Items that may be reclassified subsequently to profit or loss attributable to shareholders of the Company		1,151,027,472			1,515,930,655			(242,523,922	)		1,686,085,928
Including:
Fair value changes of available-for-sale financial asset		(50,224,151	)		710,864,910			(50,224,151	)		710,864,910
Share of other comprehensive income of investees accounted for under the equity method		(200,483,848	)		978,141,452			(200,483,848	)		978,141,452
Effective portion of cash flow hedges		627,784,440			287,261,352			8,184,077			(2,920,434	)
Translation differences of the financial statements of foreign operations		773,951,031			(460,337,059	)		—			—
Other comprehensive income/(loss) attributable to non-controlling interests, net of tax		702,582			(381,953	)		—			—

Total comprehensive income		12,660,575,303			17,819,324,811			9,742,324,785			13,930,931,363
Attributable to:
Shareholders of the Company		10,539,727,228			14,750,683,364			9,742,324,785			13,930,931,363
Non-controlling interests		2,120,848,075			3,068,641,447			—			—

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

- 19 -

HUANENG POWER INTERNATIONAL, INC.

UNAUDITED CONSOLIDATED AND THE COMPANY CASH FLOW STATEMENTS

(PRC GAAP)

FOR THE NINE MONTHS ENDED 30 SEPTEMBER, 2016

Amounts: In RMB Yuan

	For the nine months ended 30 September,			For the nine months ended 30 September,			For the nine months ended 30 September,		For the nine months ended 30 September,
	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		95,293,166,166			112,387,332,085			36,140,700,157		45,384,077,746
Cash received from return of taxes and fees		29,998,416			52,621,948			—		2,999,352
Other cash received relating to operating activities		376,400,800			1,136,987,784			187,432,120		597,553,183
Sub-total of cash inflows of operating activities		95,699,565,382			113,576,941,817			36,328,132,277		45,984,630,281
Cash paid for goods and services received		50,800,338,537			58,417,009,532			19,843,316,698		25,674,615,458
Cash paid to and on behalf of employees including salary, social welfare, education funds and others in such manner		5,276,612,831			5,039,358,225			2,336,286,662		2,224,375,942
Payments of taxes		11,439,831,830			13,543,688,663			4,591,311,636		5,834,840,123
Other cash paid relating to operating activities		783,463,722			1,024,337,512			422,575,851		787,266,362
Sub-total of cash outflows of operating activities		68,300,246,920			78,024,393,932			27,193,490,847		34,521,097,885
Net cash flows generated from operating activities		27,399,318,462			35,552,547,885			9,134,641,430		11,463,532,396
Cash flows generated from investing activities
Cash received from withdrawal of investment		—			—			4,938,921,650		–
Cash received on investment income		727,041,746			359,024,937			4,665,093,491		4,763,749,825
Net cash received from disposals of fixed assets, intangible assets and other long-term assets		114,118,853			44,621,861			29,315,034		17,028,899
Cash received for acquisition of subsidiaries and other operating units		166,066,370			—			—		—
Other cash received relating to investing activities		58,413,299			51,126,722			—		—
Sub-total of cash inflows of investing activities		1,065,640,268			454,773,520			9,633,330,175		4,780,778,724
Cash paid for acquiring fixed assets, intangible assets and other long-term assets		12,416,283,911			17,935,745,763			1,222,352,573		2,502,516,884
Cash paid for investments		239,153,600			688,050,000			1,763,233,600		13,966,483,225
Net cash paid for acquiring subsidiaries and other operating units		2,332,825			9,670,930,957			—		—
Other cash paid relating to investing activities		2,768,466			15,728,548			—		—
Sub-total of cash outflows of investing activities		12,660,538,802			28,310,455,268			2,985,586,173		16,469,000,109
Net cash flows (used in)/generated from investing activities		(11,594,898,534	)		(27,855,681,748	)		6,647,744,002		(11,688,221,385	)

- 20 -

	For the nine months ended 30 September,			For the nine months ended 30 September,			For the nine months ended 30 September,			For the nine months ended 30 September,
	2016			2015			2016			2015
Items	Consolidated			Consolidated			The Company			The Company

Cash flows generated from financing activities
Cash received from investments		55,900,000			375,114,997			—			—
Including: cash received from non-controlling interests of subsidiaries		55,900,000			375,114,997			—			—
Cash received from borrowings		70,250,861,480			57,382,653,892			41,320,000,000			36,292,814,229
Cash received from issuance of bonds and short-term bonds		27,188,000,000			18,965,000,000			27,188,000,000			18,965,000,000
Other cash received relating to financing activities		162,274,851			247,422,012			103,170,724			79,203,327

Sub-total of cash inflows of financing activities		97,657,036,331			76,970,190,901			68,611,170,724			55,337,017,556

Repayments of borrowings		99,778,144,079			73,745,637,807			75,376,341,842			52,065,348,383
Payments for dividends, profit or interest expense		13,178,616,498			13,723,508,441			10,232,921,896			8,974,987,653
Including: dividends paid to non-controlling interests of subsidiaries		1,353,304,082			1,554,781,726			—			—
Other cash paid relating to financing activities		411,773,515			455,519,587			24,222,600			39,000,000

Sub-total of cash outflows of financing activities		113,368,534,092			87,924,665,835			85,633,486,338			61,079,336,036

Net cash flows used in financing activities		(15,711,497,761	)		(10,954,474,934	)		(17,022,315,614	)		(5,742,318,480	)

Effect of exchange rate fluctuations on cash held		25,207,549			(30,596,857	)		(62,015,221	)		40,304,309

Net increase/(decrease) in cash		118,129,716			(3,288,205,654	)		(1,301,945,403	)		(5,926,703,160	)
Add: cash at beginning of period		7,478,249,522			13,021,415,678			2,260,430,516			8,360,552,207

Cash at end of period		7,596,379,238			9,733,210,024			958,485,113			2,433,849,047

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

- 21 -

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: October 26, 2016