Company Profile For Huadian Power International Corporation Limited

Huadian Power International Corporation Limited (1071.HK) (Hong Kong Stock)

sector: Utilities · industry: Utilities - Electric ·

As of 8:59am IST

2.19HKD

Price Change

+0.01

Percent Change

+0.46%

Analyst Recommendations

Overview

Huadian Power International Corporation Limited is a China-based company engaged in generation and distribution of electric power. The Company operates thermal electric power plants, hydropower plants and wind power plants. During the year ended December 31, 2008, the Company generated approximately 100.676 billion kilowatt-hours of electricity. It operates its businesses primarily in domestic market. As of December 31, 2008, the Company had 27 subsidiaries and holding power plants, which involved in electric power generation, and its holding installed capacity reached approximately 23.2935 million kilowatt.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Huadian Power International Corporation Limited's revenues increased 13% to RMB26.83B. The Company's net income totaled RMB907.7M, vs. a net loss of RMB1.37B. Total revenues reflect an improvement in sales from the electricity supply segment due to favorable market condition. Net income also benefited from higher gross profit margin, as well as increased investment income.