Huaneng Power International, Inc. Class A

Huaneng Power International, Inc. Class A

7.46
CNY
-0.04
(-0.53%)
0.91EPS
11.82P/E
120.04BMarket Cap
Oct 27Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
9.54
9.88
8.88
9.05
9.66
8.26
6.65
6.68
15.78
20.37
10.54
11.14
11.78
13.22
Basic EPS, GAAP
0.75
0.86
0.95
0.68
0.11
0.07
0.06
0.18
-0.77
-0.61
0.35
0.46
0.74
0.64
Free Cash Flow per Basic Share
1.6
0.83
1.23
0.75
0.23
0.39
0.2
-0.02
-2.88
-0.68
-0.58
-0.6
0.46
- -
Dividend per Share
0.8
1.05
0.98
1.09
0.92
0.61
0.51
0.54
1.16
1.07
0.48
0.65
0.76
0.7
Book Value per Share
4.39
5.2
5.22
5.81
5
5.3
6.28
7.75
6.72
6.91
8.42
8.75
9.08
8.72
Tangible Book Value per Share
2.79
3.62
3.8
4.09
3.28
3.63
4.68
6.21
5.21
5.35
6.78
6.96
7.14
6.81
Basic Weighted Avg Shares
14,027
14,166
14,512
15,268
15,841
20,555
26,099
25,361
12,995
12,110
24,130
22,034
19,472
16,257
Sales/Revenue/Turnover
133,833
140,027
128,905
138,150
152,970
169,861
173,583
169,439
205,079
246,725
254,397
245,551
229,288
214,919
Operating Margin (%)
19.79
21.73
25
17.56
8.14
8.06
11.34
13.55
-3.48
0.24
8.77
10.85
13.68
12.2
Depreciation Expense
11,471
13,171
14,309
18,330
19,424
19,827
20,903
21,281
21,664
23,870
25,099
25,835
27,491
- -
Net Income, GAAP
10,520
12,183
13,786
10,382
1,742
1,439
1,566
4,565
-10,006
-7,387
8,446
10,135
14,410
10,444
Effective Tax Rate (%)
25.75
28.8
24.95
25.35
44.24
29.94
52.22
35.29
- -
- -
30.14
21.99
17.51
20.31
Profit Margin (%)
7.86
8.7
10.69
7.52
1.14
0.85
0.9
2.69
-4.88
-2.99
3.32
4.13
6.28
4.86
Working Capital
-63,659
-70,688
-88,629
-107,506
-108,741
-76,407
-80,809
-87,910
-93,927
-84,611
-73,255
-82,438
-83,312
-83,867
LT Debt
84,240
93,386
77,289
109,094
124,018
155,533
149,164
136,234
172,048
195,997
196,545
195,760
214,976
217,071
Total Equity
74,045
90,462
95,940
107,191
93,466
101,786
117,376
141,475
124,170
126,544
171,363
203,048
212,518
210,771
Return on Invested Capital (%)
6.62
6.6
7.03
4.76
0.7
0.77
0.61
1.69
- -
- -
2.08
3.03
3.82
2.84
Return on Capital (%)
6.67
6.33
6.49
4.57
2.22
2.36
1.73
2.56
- -
- -
3.17
2.55
2.96
2.27
Return on Common Equity (%)
17.93
17.82
17.86
12.38
2.12
1.81
1.72
4.14
-8.81
-6.9
7.02
7.52
10.3
7.46

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
93,913
105,456
101,923
LT Borrowings
207,036
209,069
209,085
LT Finance Leases
7,940
8,011
7,986
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
15,698
15,698
15,816
Market Capitalization
117,108
110,201
120,040

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
91,469
93,717
96,857
Cash, Cash Equivalents & STI
19,456
21,735
22,393
Accounts Receivable, Net
46,257
48,482
47,936
Inventories
11,004
7,907
11,023
Total Current Liabilities
174,781
181,146
180,724
Payables & Accruals
- -
- -
- -
ST Debt
93,913
105,456
101,923
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.19%
9.65%
4.66%
Free Cash Flow
565.09%
1,156.44%
-167.72%
Net Income, GAAP
-42.25%
-99.5%
42.17%
Sales/Revenue/Turnover
6.31%
6.87%
-6.62%
Total Cash Common Dividend
1.21%
2.44%
3.67%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
65,367
53,439
65,590
61,155
245,551
2025
60,335
51,697
- -
56,313
229,288
2026
56,783
50,126
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.25
0.18
0.19
-0.02
0.46
2025
0.27
0.27
- -
-0.03
0.74
2026
0.25
0.13
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.17
0.19
0.34
0.18
0.65
2025
0.15
0.18
- -
0.2
0.76
2026
0.13
0.19
- -
- -
- -

Company Description

CEO
Kui Wang
Full Time Employees
56,104
Sector
Utilities
Industry
Electric utilities
Address
Huaneng Building Beijing BE China 100031
IPO Date
Jan 21, 1998
Website
hpi.com.cn
Business
Huaneng Power International, Inc. (600011.SS) is a China-based company principally engaged in the development, construction, operation and management of large-scale power plants; it generates and sells electricity primarily through coal-fired, gas-fired, wind, solar, hydropower, biomass and other low-carbon energy sources, with additional services including thermal heating, heat supply, coal ash and lime sales, cargo loading, port operations, warehousing, energy engineering, equipment maintenance and environmental consulting. The company operates a controlled installed generation capacity of approximately 153,000 MW as of mid-2025, encompassing thermal power, new energy projects and clean energy sources that account for over 35% of capacity, with wind and solar installed capacities exceeding 18,000 MW and 19,800 MW respectively; it serves regional power grids and industrial customers across 21 provinces in China and internationally, including a wholly-owned subsidiary in Singapore. Founded in 1994 and headquartered in Beijing at Huaneng Mansion, the company functions as a key subsidiary of China Huaneng Group Co., Ltd., one of China's largest state-owned power enterprises, and maintains equity-based stakes in power plants such as Jinggangshan, Luohuang, Hanfeng, Yueyang, Yingkou and Tuas Power. Recent developments include a 2024 acquisition of Huaneng Sichuan Hydropower Co. for CNY 8.5 billion to bolster hydropower assets, a late 2024 equity financing infusion of CNY 15 billion ($2.1 billion) into its renewables arm by state-owned partners including China Reform Holdings, China Post, China Taiping, the National Green Development Fund and China Southern Power Grid, and a 2025 capital expenditure plan exceeding CNY 50 billion focused on wind, solar and hydropower expansions aligned with China's dual carbon goals; further, it added nearly 8,000 MW of controllable capacity in the first half of 2025, including over 4,300 MW of solar and 1,900 MW of wind, alongside framework agreements for ongoing connected transactions with affiliates like Huaneng Group and Huaneng Tiancheng Financial Leasing through 2026, and new GW-scale renewable clusters such as a 2.7 GW wind-solar-storage project in Inner Mongolia.

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