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, 2004
(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.
West Wing, Building C, Tianyin Mansion
No. 2C Fuxingmennan Street
Xicheng District
Beijing, 100031 PRC
This Form 6-K consists of:
The following two announcements: 1) announcement on the 2004 first
quarter results and 2)announcement on that the board of directors approved
acquisitions of assets and equity interests in five power plants, made on
April 16, 2004, in English by Huaneng Power International Inc.
[GRAPHIC OMITTED]
To: Business Editor
[For Immediate Release]
HUANENG POWER INTERNATIONAL, INC.
ANNOUNCES 2004 FIRST QUARTER RESULTS
NET PROFIT INCREASES 24.58% TO RMB1.404 BILLION
(Beijing, China, April 16, 2004) Huaneng Power International, Inc. (the
"Company") [NYSE: HNP; HKEx: 902; SSE: 600011] today announced its unaudited
results for the three months ended March 31, 2004.
Under the PRC Accounting Standards, for the first quarter of 2004, the Company
realised operating revenues of RMB6.461 billion and a net profit of RMB1.404
billion, representing increases of 24.97% and 24.58%, respectively, over the
same period last year.
In the first quarter of 2004, the Company completed its operating objectives
as a result of its focus on efficiency, strengthening internal management as
well as enhancing sales and marketing efforts. The Company's total power
generation for the first quarter was 24.56 billion kWh on a consolidated
basis, an increase of 24.04% over the same period last year. The Board of
Directors of the Company was satisfied with the operating results obtained in
the first quarter of 2004.
The Company develops, constructs, operates and manages large thermal power
plants in China nationwide, with a total generation capacity of 15,736MW on an
equity basis. The Company wholly owns 14 power plants, and has controlling
interests in five power plants and minority interests in three power
companies. Today, the Company is one of the largest independent power
producers in China.
~ End ~
Encl: The unaudited summary financial information of the Company for the
three months ended March 31, 2004. [The summary financial information
is published under the listing regulations of the China Securities
Regulatory Commission. The summary financial information was prepared
in accordance with "Accounting System for Business Enterprises" and
"Accounting Standards for Business Enterprises" of the People's
Republic of China ("PRC GAAP"), which differs from the International
Financial Reporting Standards ("IFRS") and the accounting principles
generally accepted in the United States of America ("US GAAP"). No
reconciliation with IFRS or US GAAP has been made in the presentation
of the summary financial information.]
For further information, please contact:
Ms. Meng Jing / Ms. Zhao Lin Ms. Christy Lai / Ms. Edith Lui
Huaneng Power International, Inc. Rikes Communications Limited
Tel: (8610) 6649 1856 /1866 Tel: (852) 2520 2201
Fax: (8610) 6649 1860 Fax: (852) 2520 2241
Email: ir@hpi.com.cn
[GRAPHIC OMITTED]
To: Business Editor
[For Immediate Release]
The Board of Directors of Huaneng Power International, Inc.
Approved the Acquisitions of Assets and Equity Interests in Five Power Plants
(Beijing, China, April 16, 2004) Huaneng Power International, Inc. (the
"Company") [NYSE: HNP; HKEx: 902; SSE: 600011] today held a board meeting in
Beijing. During the meeting the Board discussed and approved the acquisitions
of the following power plant assets and equity interests for a total amount of
RMB4.575 billion:
1. 90% equity interest of Jinggangshan Power Plant, and 40% equity interest
of Hebei Hanfeng Power Plant from China Huaneng Group ("Huaneng Group");
2. the entire assets and liabilities in Yingkou Power Plant, 60% equity
interest of Chongqing Luohuang Power Plant, and 55% equity interest of
Hunan Yueyang Power Plant from Huaneng International Power Development
Corporation ("HIPDC");
3. 10% equity interest of Jinggangshan Power Plant from Jiangxi Provincial
Investment Corp. ("JPIC").
Accordingly, the Company signed transfer agreements respectively with the
Huaneng Group, HIPDC and JPIC on the same date.
Transactions described in items 1 and 2 above still require shareholders'
approval at the extraordinary general meeting of the Company and approvals
from relevant government authorities, while the transaction described in item
3 needs approvals from relevant government authorities.
The acquisitions demonstrate a continuation of the Company's business and
development strategy of placing equal emphasis on the acquisition of existing
power plants and the development of new power plants. As an important
strategic move under the backdrop of deepening power reforms in China, the
acquisitions will further strengthen the Company's leadership position in the
coastal provinces of Liaoning and Hebei, where rapid economic growth has led
to sustained strong power demand. Furthermore, the acquisitions will enable
the Company to gain market entry into the central-southern provinces which are
undergoing rapid growth in power demand, namely Jiangxi Province, Hunan
Province and Chongqing Municipality. This is consistent with the Company's
marketing strategy of "consolidating its position in coastal regions while
exploring opportunities in Central China".
With the acquisitions, the Company will expand its operating scale and
geographical presence, thereby enhancing its earnings potential and further
solidifying its position as the largest independent power producer in China.
After the completion of the transactions, the Company's equity-based
generation capacity will increase by 3,096MW, or an increase of 19.7% from
15,736MW to 18,832MW. In addition, the acquisitions will also bring extra
equity-based generation capacity under construction totaling 1,050MW, thus
helping to sustain earnings growth in the next few years.
The Company has appointed JP Morgan as the financial adviser in connection
with the transaction. Rothschild and Guo Tai Jun An Securities act as the
independent financial advisers.
The Company develops, constructs, operates and manages large thermal power
plants in China nationwide, with a total generation capacity of 15,736MW on an
equity basis. The Company wholly owns 14 power plants, and has controlling
interests in five power plants and minority interests in three power
companies. Today, the Company is one of the largest independent power
producers in China.
~ End ~
For further information, please contact:
Ms. Meng Jing / Ms. Zhao Lin Huaneng Power International, Inc. Tel: (8610)
6649 1856 / 1866
Fax: (8610) 6649 1860
Email: ir@hpi.com.cn
Ms. Christy Lai / Ms. Edith Lui Rikes Communications Limited
Tel: (852) 2520 2201
Fax:(852) 2520 2241
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/ Wang Xiaosong
-------------------------------
Name: Wang Xiaosong
Title: Vice Chairman
Date: April 16, 2004