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Huaneng Power International, Inc. (HNP) announced its intention to voluntarily delist its American depositary shares (ADSs) from the New York Stock Exchange (NYSE) and deregister underlying shares under the U.S. Securities Exchange Act. This decision, approved by the board, is based on low trading volume and high administrative costs associated with NYSE listing. The Company plans to file Form 25 on June 27, 2022, with delisting effective around July 7, 2022. Post-delist, HNP will focus on its operations under Hong Kong regulations and intends to terminate its ADS program.
Huaneng Power International reported a consolidated operating revenue of RMB65.25 billion (approx. $10.279 billion) for Q1 2022, marking a 30.54% increase year-over-year. However, the net loss attributable to equity holders reached RMB956 million (approx. $151 million), a 129.96% increase in loss compared to the previous year. The company attributed these losses primarily to rising coal prices impacting domestic power profits.
Huaneng Power International, Inc. (NYSE: HNP) filed its annual report on Form 20-F with the SEC for the fiscal year ending December 31, 2021, on April 21, 2022. The report can be accessed on the Company's website. Huaneng Power is one of China's premier listed power producers, boasting a controlled generation capacity of 121,118 MW and equity-based generation capacity of 108,588 MW across 26 locations in China. Additionally, the Company operates a wholly-owned power entity in Singapore and has investments in Pakistan.
Huaneng Power International, Inc. (HNP) reported a robust performance for Q1 2022, with total on-grid electricity reaching 107.717 billion kWh, a 2.42% increase year-on-year. The average settlement price for electricity rose 19.47% to RMB501.96 per MWh. The company's market-based electricity ratio soared to 88.92%, a significant 31.58 percentage points increase. Notable growth was observed in renewable energy, particularly in wind and photovoltaic sources. The controlled installed capacity reached 121,118 MW, with notable contributions from new energy installations.
Huaneng Power International, Inc. reported a consolidated operating revenue of RMB204.605 billion for 2021, representing a 20.75% increase year-on-year. However, the company recorded a net loss of RMB-10.636 billion, a significant decrease of 547.27% compared to the prior year, primarily due to rising coal prices. The Board proposed no dividend for 2021. Despite challenges, including the Covid-19 pandemic, the company achieved a 13.20% increase in total power generated. Huaneng aims to enhance its operational strategies and sustainability initiatives in 2022.
Huaneng Power International reported a significant increase in electricity sales for 2021, totaling 430.165 billion kWh, up 13.23% from 2020. In Q4 2021, sales reached 107.050 billion kWh, a 2.95% rise. The average electricity settlement price increased by 4.41% to RMB 431.88 per MWh, with a market-based electricity sales ratio of 61.63%. Growth was driven by high electricity demand, improved thermal power generation, and a shift towards green energy. However, the market share for Tuas Power in Singapore declined by 4.1 percentage points in Q4.
Huaneng Power International, Inc. (HNP) reported its unaudited operating results for the nine months ending September 30, 2021. The company registered consolidated operating revenue of RMB 145.005 billion (approximately USD 22.359 billion), up 19% year-over-year. However, net profit attributable to shareholders plummeted 91.42% to RMB 0.783 billion (around USD 0.121 billion), primarily due to rising coal prices impacting operating profit from domestic electricity and heating supply. Earnings per share stood at RMB -0.05.
Huaneng Power International reported a significant increase in power generation for Q3 2021, with electricity sold reaching 115.188 billion kWh, up 10.98% year-over-year. For the first three quarters, total sales reached 323.115 billion kWh, reflecting a 17.11% increase. The average on-grid electricity price rose 1.28% to RMB417.79 per MWh. Key growth drivers included robust electricity demand during peak summer and increased utilization of thermal power. However, the company noted a decline in its market share in Singapore, now at 18.7%.
Huaneng Power International (NYSE: HNP) reported consolidated operating revenue of RMB 95.116 billion (approximately USD 14.724 billion) for H1 2021, a 20.21% increase year-on-year. However, net profit attributable to equity holders decreased by 26.14% to RMB 4.019 billion (approx. USD 622 million) due to higher coal prices. Total electricity sold rose to 207.926 billion kWh, up 20.80%. The company is enhancing its coal procurement strategy and continues to invest in green energy, with clean energy accounting for 21.07% of installed capacity.
Huaneng Power International reported significant growth in electricity sales for the first half of 2021, selling 207.926 billion kWh, a 20.80% increase year-on-year. In Q2 alone, sales rose to 102.917 billion kWh, a 12.51% increase. The average on-grid electricity settlement price increased slightly by 0.52% to RMB418.81 per MWh. Market-based electricity sales constituted 61.09% of total sales, up 11.20 percentage points. Notably, 22 out of 26 operational regions experienced positive growth, with Guangdong and Chongqing seeing increases exceeding 20%. The company also expanded its capacity by 238 MW in Q2.
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