| Business Summary | | Huaneng
Power
International,
Inc.
(Huaneng),
the
largest
independent
power
producer
in
the
People's
Republic
of
China,
develops,
constructs,
operates
and
owns
large
thermal
power
plants
throughout
China.
The
Company
owns
and
operates
nine
power
plants,
with
an
aggregate
installed
capacity
of
8,700
MW.
The
Company
owns
and
has
in
commercial
operation,
or
has
under
construction
or
in
development
of
planning,
power
plants
with
an
aggregate
capacity
of
more
than
17,000
MW.
Huaneng
focuses
its
efforts
in
those
areas
of
China
that
it
believes
has
the
most
favorable
conditions
for
the
development,
construction,
ownership
and
operation
of
power
plants.
Huaneng
develops,
constructs,
owns
and
operates
its
power
plants
in
close
cooperation
with
Local
Governments
in
the
areas
served
by
the
Company's
Power
Plants. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HNP
was
established
to
develop,
construct,
own
and
operate
large
coal-fired
power
plants
throughout
China.
The
Company
currently
owns
and
operates
eight
power
plants
with
an
aggregate
installed
capacity
of
6,700
MW.
For
the
fiscal
year
ended
12/31/00,
operating
revenue
rose
20%
to
RMB12.55
billion.
Net
income
rose
35%
to
RMB2.52
billion.
Results
reflect
the
acquisition
of
additional
power
plants,
lower
transmission
fees
and
a
lower
effective
tax
rate. Recent Earnings Announcement For
the
6
months
ended
06/30/2001,
revenues
were
7,455,908;
after
tax
earnings
were
1,558,315. (Preliminary; reported in thousands of Renminbi.) | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Li Xiopeng | Chairman | Ye Daji | Pres, Director | Wang Xiaosong | Vice
Chairman | Chen Baoliang | VP,
Director | Feng Dawei | VP,
Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|