Edgar Filing: HUANENG POWER INTERNATIONAL INC

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 2018

(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 2018 first quarterly report of Huaneng Power International, Inc. (the Registrant”), made by the Registrant on April 25, 2018.

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)

FIRST QUARTERLY REPORT OF 2018

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

2	BASIC INFORMATION 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		382,591,883,382		378,693,729,128		1.03
Equity holders’ equity attributable to equity holders of the Company		76,721,695,753		75,533,342,281		1.57

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

Net cash flows generated from operating activities		9,361,537,371		7,648,994,310		22.39

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

Operating Revenue		43,255,634,634		37,577,079,025		15.11
Net profit attributable to equity holders of the Company		1,218,968,123		651,979,268		86.96
Net profit after deducting non-recurring items attributable to equity holders of the Company		1,157,354,176		580,841,260		99.25
Return on net assets (weighted average) (%)		1.60		0.89	Increased by 0.71 percentage points
Basic earnings per share (RMB per share)		0.08		0.04		100.00
Diluted earnings per share (RMB per share)		0.08		0.04		100.00

Non-recurring items and amounts:

☑ Applicable ☐ Not applicable

(Amounts: In RMB Yuan)

Items	Total amount from the beginning of the year to the end of current reporting period			Notes

Gains from disposal of non-current assets		2,717,126
Government grant recorded in income statement, excluding government grant closely related to the Company’s business and calculated according to national unified standards		92,158,524
Gains 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 income from disposal of held-for-trading financial assets, held-for-trading financial liabilities and available-for-sale financial assets		1,375,293
Reversal of provision for doubtful accounts receivable individually tested for impairments		1,826,870
Other non-operating income and expenses excluding the above items		10,515,786		For the three months ended 31 March 2018, other non-operating income excluding the above items mainly include the insurance claim, the penalty receipt of the assessment etc, of the company’s subsidiaries, and the other non-operating expense of the company and its subsidiaries mainly include donations, fines etc.
Other non-recurring items		(1,775,896	)	For the three months ended 31 March 2018, other non-recurring items mainly include interest income on loans to joint ventures and associates, entrusted management fee and trusteeship management income.
Impact of non-controlling interests, net of tax		(23,030,151	)
Tax impact of non-recurring items		(22,173,605	)

Total		61,613,947

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	83,642
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	3,982,780,779	26.20	0	Nil	–	Foreign entity
China Huaneng Group Co., Ltd.	1,555,124,549	10.23	0	Nil	–	State-owned entity
Hebei Construction & Investment Group Co., Ltd.	527,548,946	3.47	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
China Securities Finance Corporation Limited	413,567,472	2.72	0	Nil	–	State-owned entity
Fujian Investment Development Group Liability Company	372,818,249	2.45	0	Nil	–	State-owned entity
Liaoning Energy Investment (Group) Limited Liability Company	361,775,240	2.38	0	Nil	–	State-owned entity
Dalian Municipal Construction Investment Company Limited	301,500,000	1.98	0	Charges	150,750,000	State-owned entity

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	3,982,780,779	Overseas listed foreign invested shares	3,982,780,779
China Huaneng Group Co., Ltd.	1,555,124,549	RMB denominated ordinary shares	1,555,124,549
Hebei Construction & Investment Group Co., Ltd.	527,548,946	RMB denominated ordinary shares	527,548,946
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
China Securities Finance Corporation Limited	413,567,472	RMB denominated ordinary shares	413,567,472
Fujian Investment Development Group Limited Liability Company	372,818,249	RMB denominated ordinary shares	372,818,249
Liaoning Energy Investment (Group) Limited Liability Company	361,775,240	RMB denominated ordinary shares	361,775,240
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 Co., Ltd., 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.
Explanatory statement regarding the restored voting rights and shareholdings of holders of preference shares	Not Applicable

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 ☑ Not applicable

3	SIGNIFICANT EVENTS

3.1

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

☑ Applicable ☐ Not applicable

(a)

Fluctuation analysis of the consolidated balance sheet items

Cash at bank and on hand as at the end of period increased by 70.85% compared with the end of last year, mainly due to the issue of super short-term bonds by the Company at the end of the quarter.

Derivative financial assets as at the end of the period decreased by 37.07% compared with the end of last year, mainly due to the decrease in the fair value of the fuel swap contracts held by the Company’s subsidiary, SinoSing Power.

Advance from customers as at the end of period decreased by 48.21% compared with the end of last year, mainly due to the Company’s subsidiaries’ advance of heating fee transferred to operating revenue.

Other current liabilities as at the end of period increased by 69.48% compared with the end of last year, mainly due to the issue of short-term bonds by the Company.

(b)

Fluctuation analysis of the consolidated income statement items

Tax and levies increased by 48.71% compared with the same period of last year, mainly due to the inclusion of environmental protection tax.

Investment income increased by 94.68% compared with the same period of last year, mainly due to the rise of the investment income from associates and joint ventures.

Operating profit increased by 60.27% compared with the same period of last year, mainly due to the increase in power generation and on-grid tariff in the first quarter of this year.

Profit before taxation increased by 60.00% compared with the same period of last year, mainly due to the increase in power generation and on-grid tariff in the first quarter of this year.

Net profit increased by 78.16% compared with the same period of last year, mainly due to the increase in power generation and on-grid tariff in the first quarter of this year.

The loss on cash flow hedging instruments decreased by 162 million or 75.88% compared with the same period of last year, mainly due to the fair value changes of cash flow hedging instruments held by the Company’s subsidiary, Sinosing Power.

(c)

Fluctuation analysis of the cash flow statement items

Net cash out-flow used in investment activities decreased by 60.35% compared with the same period of last year, mainly due to cash consideration paid by the Company for acquisition of subsidiaries in Huaneng Group at the same period of last year.

Net cash in-flow generated in financial activities decreased by 70.59% compared with the same period of last year, mainly due to the decreased cash in-flow from borrowings of the Company and its subsidiaries.

3.2

Analysis and description of significant events and their impacts and solutions

☑ Applicable ☐ Not applicable

Resignation of Mr. Fan Xiaxia, Director and Vice President of the Company

Due to change in work, Mr. Fan Xiaxia tendered his resignation report to the Board of Directors of the Company on 28 February 2018, requesting resignation from the positions of Director, Vice President, member of the Strategy Committee and the Nomination Committee of the Company. The resignation of Mr. Fan Xiaxia was effective and announced on that day.

Implementation status in relation to the performance undertaking regarding certain assets acquired by the Company in 2016

On 14 October 2016, the Company and China Huaneng Group Co., Ltd. (“Huaneng Group”) entered into the Agreement for the Transfer of Equity Interests in Certain Companies Between China Huaneng Group and Huaneng Power International, Inc. (the “Transfer Agreement”), to acquire 80% equity interests of Huaneng Shandong Power Generation Limited (“Shandong Power”), 100% equity interests of Huaneng Jilin Power Generation Limited, 100% equity interests of Huaneng Heilongjiang Power Generation Limited and 90% equity interests of Huaneng Henan Zhongyuan Gas Turbine Ltd. held by Huaneng Group. On the same day, Huaneng Group and the Company entered into the Profit Forecast Compensation Agreement Between China Huaneng Group and Huaneng Power International, Inc. (the “Profit Forecast Compensation Agreement”). Huaneng Group guaranteed that the audited net profit of Huaneng Laiwu Power Generation Limited, Huaneng Jiaxiang Power Generation Limited, Huaneng Jining Canal Power Generation Limited, Huaneng Liaocheng Thermal Power Limited and Huaneng Yantai Power Generation Limited (collectively, the “Profit Forecast Companies”), all subsidiaries of Shandong Power, in 2017, 2018 and 2019 (the “Actual Net Profit”) will not be less than the forecasted net profit.

According to the Specific Audit Report on Situation Description of the Differences Between Actual Net Profit/(Loss) and the Forecasted Net Profit for 2017 for Huaneng Laiwu Power Generation Limited, Huaneng Jiaxiang Power Generation Limited, Huaneng Jining Canal Power Generation Limited, Huaneng Liaocheng Thermal Power Limited and Huaneng Yantai Power Generation Limited, all subsidiaries of Huaneng Shandong Power Generation Limited as acquired by Huaneng Power International, Inc. (the “Specific Audit Report”), the aggregate of the differences between actual net profit/(loss) (net of the non-recurring items) and the forecasted net profit for 2017 for the Profit Forecast Companies was RMB991.8311 million. As the Actual Net Profit of the Profit Forecast Companies for 2017 fell short of the forecasted net profit, Huaneng Group shall compensate the Company with RMB615.0131 million according to the terms and compensation formula set out in the Profit Forecast Compensation Agreement, which should be payable by way of cash by Huaneng Group to the Company within 20 working days from the date of disclosure of the Specific Audit Report.

The Company had received the abovementioned undertaken compensation amount paid by Huaneng Group in April 2018. Therefore, the obligations of Huaneng Group with respect to its undertaking on result compensation for 2017 under the Profit Forecast Compensation Agreement had been fulfilled.

3.3

Undertaking not performed in time during the reporting period

☐ Applicable ☑ Not applicable

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 ☑ Not applicable

	By Order of the Board
	Huaneng Power International, Inc.
	Cao Peixi
	Chairman

As at the date of this announcement, the Directors of the Company are:

Cao Peixi (Executive Director)		Yue Heng (Independent Non-executive Director)
Liu Guoyue (Executive Director)		Xu Mengzhou (Independent Non-executive Director)
Huang Jian (Non-executive Director)		Liu Jizhen (Independent Non-executive Director)
Wang Yongxiang (Non-executive Director)		Xu Haifeng (Independent Non-executive Director)
Mi Dabin (Non-executive Director)		Zhang Xianzhi (Independent Non-executive Director)
Guo Hongbo (Non-executive Director)
Cheng Heng (Non-executive Director)
Lin Chong (Non-executive Director)

Beijing, the PRC

25 April 2018

APPENDIX

HUANENG POWER INTERNATIONAL, INC.

UNAUDITED CONSOLIDATED AND THE COMPANY BALANCE SHEETS (PRC GAAP)

AS AT 31 MARCH 2018

Amounts: In RMB Yuan, Except as noted

ASSETS	31 March 2018		31 December 2017		31 March 2018		31 December 2017
	Consolidated		Consolidated		The Company		The Company

CURRENT ASSETS:
Cash at bank and on hand		15,999,788,845		9,364,823,477		5,622,289,865		964,339,620
Derivative financial assets		167,808,993		258,364,034		–		–
Notes receivable		4,050,007,527		3,610,927,507		476,053,923		417,472,923
Accounts receivable		21,373,097,307		21,836,667,089		5,537,373,778		5,531,504,058
Advances to suppliers		585,098,798		564,610,839		144,151,264		87,901,640
Interest receivable		22,264,516		22,315,334		32,483,678		30,926,816
Dividends receivable		273,896,701		273,896,701		2,776,049,586		2,945,967,412
Other receivables		1,438,434,199		1,508,213,183		2,058,804,844		1,823,478,539
Inventories		8,311,517,624		7,385,411,452		2,812,857,159		2,091,518,740
Current portion of non-current assets		779,720,300		778,035,398		616,811,968		615,013,100
Other current assets		2,629,727,498		2,934,445,699		3,236,261,384		2,509,510,164

Total current assets		55,631,362,308		48,537,710,713		23,313,137,449		17,017,633,012

NON-CURRENT ASSETS:
Available-for-sale financial assets		2,081,543,422		1,654,993,313		2,050,296,296		1,623,701,890
Derivative financial assets		42,167,259		75,327,909		–		–
Long-term receivables		1,253,702,599		1,256,564,877		–		–
Long-term equity investment		19,739,595,918		19,317,253,856		79,455,789,838		78,449,401,546
Investment property		219,808,837		217,406,328		147,322,440		145,547,610
Fixed assets		242,978,851,670		245,079,481,789		52,043,348,697		53,078,042,444
Fixed assets pending for disposal		2,558,281		3,069,361		–		299,717
Construction-in-progress		25,011,606,840		26,396,755,022		1,150,262,053		1,189,590,454
Construction materials		1,944,136,997		1,950,761,893		48,424,995		47,630,665
Intangible assets		13,584,521,296		13,728,223,036		1,572,777,453		1,584,889,039
Goodwill		11,965,858,735		12,156,415,599		–		–
Long-term deferred expenses		273,351,209		278,081,025		41,069,595		43,266,023
Deferred income tax assets		2,853,382,411		2,980,302,946		470,118,158		595,769,499
Other non-current assets		5,009,435,600		5,061,381,461		21,326,914,619		21,072,067,165

Total non-current assets		326,960,521,074		330,156,018,415		158,306,324,144		157,830,206,052


TOTAL ASSETS		382,591,883,382		378,693,729,128		181,619,461,593		174,847,839,064

	31 March 2018		31 December 2017		31 March 2018		31 December 2017
	Consolidated		Consolidated		The Company		The Company

LIABILITIES AND EQUITY HOLDERS’ EQUITY

CURRENT LIABILITIES:
Short-term loans		66,044,209,682		80,251,348,397		28,995,000,000		41,555,000,000
Derivative financial liabilities		65,231,035		62,178,473		–		–
Notes payable		1,927,519,759		1,732,190,218		–		–
Accounts payable		15,611,749,143		13,764,284,820		4,541,743,340		4,093,069,521
Advance from customers		779,447,081		1,504,926,061		56,471,758		222,230,441
Salary and welfare payables		596,321,837		581,510,916		131,513,306		123,865,509
Taxes payable		1,255,744,336		1,302,209,945		143,443,689		234,223,261
Interest payables		1,109,672,126		947,301,603		884,343,575		618,798,980
Dividends payable		1,311,768,657		1,735,425,947		–		–
Other payables		17,413,731,112		19,876,179,020		1,699,204,627		2,033,758,383
Current portion of non-current liabilities		24,590,358,511		22,630,839,760		6,480,903,037		6,079,364,238
Provision		45,795,160		36,737,707		37,546,422		30,448,298
Other current liabilities		19,533,600,598		11,525,358,744		19,359,591,698		11,271,339,610

Total current liabilities		150,285,149,037		155,950,491,611		62,329,761,452		66,262,098,241

NON-CURRENT LIABILITIES:
Long-term loans		114,663,934,147		107,030,958,243		24,802,772,843		14,734,234,038
Derivative financial liabilities		85,294,323		148,486,474		12,627,869		22,283,372
Bonds payable		15,976,025,994		15,993,832,849		15,976,025,994		15,993,832,849
Long-term payables		1,769,460,353		1,853,524,025		94,344,468		90,504,069
Long-term Employee benefits payable		77,169,482		77,234,075		64,524		91,756
Specific accounts payable		127,723,135		34,606,646		71,272,162		33,655,672
Provision		52,444,000		52,444,000		–		–
Deferred income tax liabilities		1,227,027,327		1,283,949,921		–		–
Deferred income		3,981,230,259		4,064,532,463		1,654,893,278		1,706,715,449

Total non-current liabilities		137,960,309,020		130,539,568,696		42,612,001,138		32,581,317,205


TOTAL LIABILITIES		288,245,458,057		286,490,060,307		104,941,762,590		98,843,415,446

	31 March 2018		31 December 2017		31 March 2018		31 December 2017

LIABILITIES AND EQUITY HOLDERS’ EQUITY (continued)

EQUITY HOLDERS’ EQUITY
Share capital		15,200,383,440		15,200,383,440		15,200,383,440		15,200,383,440
Other equity instruments		5,131,550,000		5,068,550,000		5,131,550,000		5,068,550,000
Including: Perpetual corporate bonds		5,131,550,000		5,068,550,000		5,131,550,000		5,068,550,000
Capital surplus		14,913,238,161		14,913,238,161		9,800,492,401		9,800,492,401
Other comprehensive income (Note)		109,697,246		144,016,443		1,015,372,113		682,421,788
Special reserves		59,648,901		55,773,505		48,629,464		46,714,256
Surplus reserves		8,186,274,738		8,186,274,738		8,186,274,738		8,186,274,738
Undistributed profits		33,120,903,267		31,965,105,994		37,294,996,847		37,019,586,995

Equity holder’s equity attributable to equity holders of the Company		76,721,695,753		75,533,342,281		76,677,699,003		76,004,423,618
Non-controlling interests		17,624,729,572		16,670,326,540		–		–

Total equity holders’ equity		94,346,425,325		92,203,668,821		76,677,699,003		76,004,423,618

TOTAL LIABILITIES AND EQUITY HOLDERS’ EQUITY		382,591,883,382		378,693,729,128		181,619,461,593		174,847,839,064

Note:

The Company and its subsidiaries adopted CAS No. 14 — Revenue (revised) (“new revenue standard”) and CAS No.22 – Financial Instruments: Recognition and Measurement (revised), CAS No.23 – Transfer of Financial Assets (revised),CAS No.24 – Hedge Accounting (revised) and CAS No.37 – Presentation and Disclosures of Financial Instruments (revised) (“new financial instruments standards” for above mentioned 4 standards).The Company and its subsidiaries applied new financial instruments standards retrospectively, and has taken the advantage not to restate the comparative information for prior periods with respect to the classification and measurement requirements, which resulted in a increase in the opening balance of other comprehensive income at 1 January 2018 by approximately RMB320 million.

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

HUANENG POWER INTERNATIONAL, INC.

UNAUDITED CONSOLIDATED AND THE COMPANY INCOME STATEMENTS (PRC GAAP)

FOR THE FIRST QUARTER ENDED 31 MARCH 2018

Amounts: In RMB Yuan, Except as noted

		For the quarter ended 31 March 2018	For the quarter ended 31 March 2017	For the quarter ended 31 March 2018	For the quarter ended 31 March 2017
		Consolidated	Consolidated	The Company	The Company

Operating revenue		43,255,634,634	37,577,079,025	12,810,533,819	10,750,700,409
Less:	Operating cost	37,422,399,257	32,953,324,536	11,226,516,642	9,337,922,698
	Tax and levies on operations	466,518,580	313,714,151	156,966,544	109,504,442
	Selling expenses	6,183,643	2,802,414	5,085,346	777,282
	General and administrative expenses	899,164,226	884,601,239	420,395,239	405,320,993
	Financial expenses	2,444,766,542	2,176,396,597	932,396,467	841,961,205
	Asset impairment loss	(1,031,835)	174,376	179,371	–
Add:	Loss on fair value changes of financial assets/liabilities	(385,646)	(6,759,821)	–	–
	Investment income	218,032,047	111,992,755	337,804,948	277,946,924
	Including: Investment income from associates and joint ventures	215,450,357	94,947,154	91,956,192	23,117,235
	Net profit on disposals of assets	2,763,447	143,243	65,681	–
	Other income	91,412,424	101,988,173	46,654,732	42,838,800

Operating profit		2,329,456,493	1,453,430,062	453,519,571	375,999,513
Add:	Non-operating income	18,890,830	17,314,110	2,767,534	4,489,182
Less:	Non-operating expenses	7,675,265	7,826,823	700,338	753,874

Profit before tax		2,340,672,058	1,462,917,349	455,586,767	379,734,821
Less:	Income tax expense	612,736,328	493,018,593	117,006,065	65,171,506

Net profit		1,727,935,730	969,898,756	338,580,702	314,563,315

(1)	Classification according to the continuity of operation Continuous operating net profit	1,727,935,730	969,898,756	338,580,702	314,563,315
(2)	Classification according to ownership
Attributable to:
	Equity holders of the Company	1,218,968,123	651,979,268	338,580,702	314,563,315
	Non-controlling interests	508,967,607	317,919,488	–	–

	For the quarter ended 31 March 2018			For the quarter ended 31 March 2017			For the quarter ended 31 March 2018			For the quarter ended 31 March 2017
	Consolidated			Consolidated			The Company			The Company
Earnings per shares (based on the net profit attributable to shareholders of the Company)
– Basic earnings per share		0.08			0.04			–			–
– Diluted earnings per share		0.08			0.04			–			–

Other comprehensive (loss)/income, net of tax		(374,459,810	)		215,761,690			13,004,520			86,402,143
Other comprehensive (loss)/income (net of tax) attributed to equity holders of the company		(354,265,002	)		216,540,625			13,004,520			86,402,143
Other comprehensive income (net of tax) attributed to equity holders of the company that may not be reclassified to profit or loss
Including:
Share of other comprehensive income of the equity-accounted investee that may not be reclassified to profit or loss		8,012,984			–			8,012,984			–
Losses arising from changes in fair value of available-for-sale financial assets		(32,725	)		–			–			–
Other comprehensive income (net of tax) attributed to equity holders of the company that may be reclassified to profit or loss
Including:
Gains arising from changes in fair value of available-for-sale financial assets		–			66,222,637			–			65,779,350
Share of other comprehensive (loss)/income of the equity-accounted investee		(2,250,091	)		1,714,734			(2,250,091	)		1,714,734
Effective hedging portion of Gains or losses arising from cash flow hedging instruments		(51,347,652	)		(212,910,866	)		7,241,627			18,908,059
Translation differences of the financial statements of foreign operations		(308,647,518	)		361,514,120			–			–
Other comprehensive loss (net of tax) attributable to non-controlling interests		(20,194,808	)		(778,935	)		–			–

Total comprehensive income		1,353,475,920			1,185,660,446			351,585,222			400,965,458

Attributable to:
Equity holders of the Company		864,703,121			868,519,893			351,585,222			400,965,458
Non-controlling interests		488,772,799			317,140,553			–			–

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

HUANENG POWER INTERNATIONAL, INC.

UNAUDITED CONSOLIDATED AND THE COMPANY CASH FLOW STATEMENTS (PRC GAAP)

FOR THE QUARTER ENDED 31 MARCH 2018

Amounts: In RMB Yuan, Except as noted

Items	For the quarter ended 31 March 2018			For the quarter ended 31 March 2017			For the quarter ended 31 March 2018			For the quarter ended 31 March 2017
	Consolidated			Consolidated			The Company			The Company

Cash flows generated from operating activities
Cash received from sales of goods and services rendered		51,245,118,613			41,165,577,375			14,573,956,906			11,616,392,800
Cash received from return of taxes and fees		33,263,456			9,490,289			–			–
Other cash received relating to operating activities		222,634,664			232,814,585			91,306,319			8,414,707

Sub-total of cash inflows of operating activities		51,501,016,733			41,407,882,249			14,665,263,225			11,624,807,507

Cash paid for goods and services received		36,194,277,068			28,493,292,193			11,525,444,334			9,164,096,635
Cash paid to and on behalf of employees including salary, social welfare, education funds and others in such manner		2,796,666,492			2,255,089,291			886,740,800			853,855,510
Payments of taxes		2,901,551,637			2,443,659,059			970,121,901			803,474,070
Other cash paid relating to operating activities		246,984,165			566,847,396			201,432,237			258,328,598

Sub-total of cash outflows of operating activities		42,139,479,362			33,758,887,939			13,583,739,272			11,079,754,813

Net cash flows generated from operating activities		9,361,537,371			7,648,994,310			1,081,523,953			545,052,694


Cash flows used in investing activities
Cash received from withdrawal of investment		–			741,000,000			–			656,000,000
Cash received on investment income		873,082			135,181,300			414,209,721			338,446,647
Net cash received from disposals of fixed assets, intangible assets and other long-term assets		3,719,104			4,069,937			237,030			566,105
Other cash received relating to investing activities		18,505,532			18,826,840			–			–

Sub-total of cash inflows of investing activities		23,097,718			899,078,077			414,446,751			995,012,752

Cash paid for acquiring fixed assets, intangible assets and other long-term assets		3,606,410,593			4,908,333,996			311,042,701			472,745,835
Cash paid for investments		366,834,000			5,000,000			1,822,382,868			10,947,596,516
Net cash paid for acquiring subsidiaries		–			5,975,034,785			–			–
Other cash paid relating to investing activities		–			3,953,115			–			–

Sub-total of cash outflows of investing activities		3,973,244,593			10,892,321,896			2,133,425,569			11,420,342,351


Net cash flows used in investing activities		(3,950,146,875	)		(9,993,243,819	)		(1,718,978,818	)		(10,425,329,599	)

Items	For the quarter ended 31 March 2018			For the quarter ended 31 March 2017		For the quarter ended 31 March 2018			For the quarter ended 31 March 2017
	Consolidated			Consolidated		The Company			The Company

Cash flows used in financing activities
Cash received from investments		465,428,282			77,296,700		–			–
Including: cash received from non-controlling interests of subsidiaries		465,428,282			77,296,700		–			–
Cash received from borrowings		28,357,780,986			44,898,522,845		21,873,553,364			35,422,940,000
Cash received from issuance of short-term bonds		12,000,000,000			9,988,679,245		12,000,000,000			9,988,679,245
Other cash received relating to financing activities		31,138,373			70,517,734		2,322,451			48,345,464

Sub-total of cash inflows of financing activities		40,854,347,641			55,035,016,524		33,875,875,815			45,459,964,709

Repayments of borrowings		36,638,753,686			46,753,048,728		27,897,820,688			35,266,153,239
Payments for dividends, profit or interest expense		2,747,637,097			2,619,561,222		637,118,527			618,147,901
Including: dividends paid to non-controlling interests of subsidiaries		423,657,289			386,490,067		–			–
Other cash paid relating to financing activities		176,479,622			56,046,987		20,542,776			22,075,472

Sub-total of cash outflows of financing activities		39,562,870,405			49,428,656,937		28,555,481,991			35,906,376,612


Net cash flows used in financing activities		1,291,477,236			5,606,359,587		5,320,393,824			9,553,588,097

Effect of exchange rate fluctuations on cash held		(45,284,668	)		28,909,385		(12,839,020	)		(23,951	)

Net increase/(decrease) in cash		6,657,583,064			3,291,019,463		4,670,099,939			(326,712,759	)
Add: cash at beginning of period		9,282,389,958			7,810,500,999		942,143,443			2,415,460,603

Cash at end of period		15,939,973,022			11,101,520,462		5,612,243,382			2,088,747,844

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

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/ Huang Chaoquan




	Name:	Huang Chaoquan

	Title:	Company Secretary

Date: April 25, 2018