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, 2005
(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.
West Wing, Building C, Tianyin Mansion
No. 2C Fuxingmennan Street
Xicheng District
Beijing, 100031 PRC
This Form 6-K consists of:
An overseas regulatory announcement on first quarterly report of 2005
of Huaneng Power International, Inc.(the "Registrant"), made by the Registrant
in English on April 15, 2005.
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 Long
---------------------------
Name: Huang Long
Title: Company Secretary
Date: April 15, 2005
[GRAPHIC OMITTED]
(a Sino-foreign joint stock limited company
incorporated in the People's Republic of China)
(Stock code : 902)
Overseas Regulatory Announcement
First Quarterly Report of 2005
Pursuant to the regulations of the China Securities Regulatory Commission,
Huaneng Power International, Inc. (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 pursuant to Rule 13.09(2) of the Rules Governing the
Listing of Securities on The Stock Exchange of Hong Kong Limited.
1. IMPORTANT NOTICE
1.1 The Directors of the Company guarantee that the information contained in
this report does not contain any false statements, misleading
representations or material omissions. The Directors collectively and
individually accept responsibility as to the authenticity, accuracy and
completeness of the content of this report.
1.2 For other business reasons, Mr. Huang Yongda, Mr. Yang Shengming, Mr. Liu
Shuyuan (Directors) and Mr. Zheng Jianchao (Independent Non-executive
Directors) did not attend the eleventh meeting of the fourth session of
the Board of Directors and appointed Mr. Li Xiaopeng (Chairman) to
exercise their respective voting rights.
1.3 Each of Mr. Li Xiaopeng (Chairman), Mr. Huang Yongda (President), Mr.
Huang Jian (Chief Accountant) and Ms. Zhou Hui (person in charge of
Financial Department) declared to guarantee the accuracy and completeness
of the content of the first quarterly report of 2005.
1.4 All financial information set out in this quarterly report is unaudited
and prepared in accordance with the PRC Accounting Standards.
1.5 This announcement is made pursuant to Rule 13.09(2) of the Rules
Governing the Listing of Securities on The Stock Exchange of Hong Kong
Limited.
2. COMPANY PROFILE
2.1 Corporate Information
--------------------------------------------------------------------------------------------------------------
Stock Abbreviation at [GRAPHIC OMITTED]
Shanghai Stock Exchange
--------------------------------------------------------------------------------------------------------------
Stock Code Shanghai Stock Exchange: The Stock Exchange of New York Stock Exchange:
600011 Hong Kong Limited: 902 HNP
--------------------------------------------------------------------------------------------------------------
Company Secretary Securities Representative
-------------------------------------------------------------------------------------------------------
Name Huang Long Gu Biquan
-------------------------------------------------------------------------------------------------------
Correspondence Address West Wing, Building C, Tianyin West Wing, Building C, Tianyin
Mansion, 2C Fuxingmennan Street, Mansion, 2C Fuxingmennan Street,
Xicheng District, Beijing Xicheng District, Beijing
-------------------------------------------------------------------------------------------------------
Telephone Number 8610-66491999 8610-66491021
-------------------------------------------------------------------------------------------------------
Fax Number 8610-66491888 8610-66491860
-------------------------------------------------------------------------------------------------------
E-mail huangl @hpi.com.cn gbq @hpi.com.cn
-------------------------------------------------------------------------------------------------------
2.2 Financial Information (PRC GAAP)
2.2.1 Major Unaudited Financial Information and Financial Indicators (Amounts: In Rmb Yuan)
Variance
End of current from end of
reporting period End of last year last year
(%)
Total Assets 86,756,410,415 71,324,978,078 21.64
Shareholders' equity (excluding: minority interests) 37,972,200,736 37,183,402,535 2.12
Net assets per share 3.15 3.08 2.27
Adjusted net assets per share 3.08 3.02 1.99
From the
beginning of the Variance from
year to the end equivalent
Current of current period of
reporting period reporting period last year
(%)
Net cash inflow from operating activities 1,776,629,440 1,776,629,440 (18.69)
Earnings per share 0.07 0.07 (69.57)
Return on net assets 2.08 2.08 (1.80)
Return on net assets after deducting non-recurring 2.08 2.08 (1.79)
items
Non-recurring items Amounts
Gains/(Losses) from disposal of assets other than the products of the Company (472,111)
Non-operating income/(expense), net, after deducting impairment provisions for assets (2,130,157)
Tax impact on non-recurring items 405,877
-------------
Total (2,196,391)
=============
2.2.2 Profit and Loss Accounts
UNAUDITED PROFIT AND LOSS ACCOUNTS (PRC GAAP)
FOR THE FIRST QUARTER ENDED 31ST MARCH, 2005
Amounts: In Rmb Yuan
For the first For the first For the first For the first
quarter ended quarter ended quarter ended quarter ended
31st March, 31st March, 31st March, 31st March,
2005 2005 2004 2004
Item Consolidated The Company Consolidated The Company
1. Revenues from principal 9,317,001,922 5,988,989,897 6,461,086,326 5,527,481,650
operations
Less: Cost of principal (7,544,915,698) (5,163,484,022) (4,492,816,339) (3,877,943,009)
operations
Tax and levies on (29,960,349) (1,412,853) (13,570,586) (1,691,125)
principal operations
2. Profit from principal operations 1,742,125,875 824,093,022 1,954,699,401 1,647,847,516
Add: Profit from other 13,136,715 12,526,996 6,366,400 6,033,797
operations
Less: General and (192,356,708) (117,598,207) (112,726,124) (88,303,142)
administrative expenses
Financial expenses, net (331,114,801) (161,304,702) (129,185,641) (93,536,201)
3. Operating profit 1,231,791,081 557,717,109 1,719,154,036 1,472,041,970
Add: Investment income 1,114,166 315,248,367 23,290,862 133,153,650
Non-operating income 114,714 103,164 5,029,909 5,032,909
Less: Non-operating expenses (2,716,982) (2,115,234) (1,277,657) (1,108,657)
4. Profit before taxation and 1,230,302,979 870,953,406 1,746,197,150 1,609,119,872
minority interests
Less: Income tax (208,640,158) (82,259,155) (286,370,533) (205,155,737)
Minority interests (232,968,570) - (55,862,482) -
5. Net profit 788,694,251 788,694,251 1,403,964,135 1,403,964,135
2.3 Total number of shareholders and shareholding of the ten largest holders
of shares in circulation as at the end of the reporting period
Total number of shareholders as at the end of the reporting period: 38,395
Ten largest holders of shares in circulation
Number of shares
in circulation as
at the end of the type
Name reporting period of shares
The Bank of China - Jiashi Services Value Added Industry Securities 29,721,053 A shares
Investment Fund
Xinghe Securities Investment Fund 29,060,836 A shares
Horizon Asset Management. Inc. 22,102,480 H shares
Xinghua Securities Investment Fund 19,849,090 A shares
Nanjing Municipal Investment Company 17,400,000 A shares
Industrial and Commercial Bank of China - Tianyuan Securities Investment 13,899,901 A shares
Fund
Smith Barney Asset Management 13,666,960 H shares
Industrial and Commercial Bank of China - Southern Stable Development 13,567,484 A shares
Securities Investment Fund
Fenghe Value Securities Investment Fund 13,394,617 A shares
Matthews International Capital Management LLC 12,648,000 H shares
3. MANAGEMENT'S DISCUSSION AND ANALYSIS
3.1 Brief analysis on the overall situation of the operating activities of
the Company during the reporting period
Compared to the same period last year, the newly acquired and operating
generating units brought about an expansion of the Company's overall
operating scale in the first quarter of 2005, while the average tariff
rate increased slightly and power generation and revenue continued to
grow substantially. The price of coal has been rising since April 2004
and now still remains at a high level. Therefore, compared to the same
period last year, the unit fuel cost increased significantly, thus
causing a substantial decrease in gross margin in power sale. The
expansion of the operating scale could not fully offset the increases in
fuel costs and fixed costs, and as a result, the profits of the Company
decreased compared to the same period last year.
3.1.1 Principal operations or products contributing more than 10% of revenue or
profit from principal operations (unaudited)
|X| Applicable |_| Not applicable
Revenue from Cost of
principal principal Gross profit
Sector business business rate
(%)
Power 9,317,001,922 7,544,915,698 18.70
Including related transactions - - -
Power 9,317,001,922 7,544,915,698 18.70
Including related transactions - - -
3.1.2 Seasonal or periodic characteristics of the Company's operations
|_| Applicable |X| Not applicable
3.1.3 Composition of profit for the reporting period (disclosure as to any
material changes in the ratios of profit from principal operations,
profit from other businesses, expenses for the period, investment income,
subsidy income and net non-operating income/expenses to profit before
taxation and minority interests, when compared with those of the previous
reporting period) and the reasons therefor
|_| Applicable |X| Not applicable
3.1.4 Significant changes in principal operations and its structure when
compared with those of the previous reporting period and the reasons
therefor
|_| Applicable |X| Not applicable
3.1.5 Significant change in profitability (gross margins) of principal
operations when compared with that of the previous reporting period and
the reasons therefor
|X| Applicable |_| Not applicable
As the price of coal has continuously increased since April 2004 and
still remains at a high level, the unit fuel cost increased
substantially, compared to the same period last year. The gross margin of
power sale decreased significantly. The gross margins of the first
quarter of 2004, the whole year of 2004 and the first quarter of 2005 are
30.25%, 25.46% and 18.70% respectively.
3.2 Significant matters and analysis on their impact and solutions
|X| Applicable |_| Not applicable
I. Regular Related Transactions During the Reporting Period:
1. General information of related persons
1) Huaneng International Economic Trading Corporation ("Huaneng
International Economic Trading")
Legal Representative: Xu Fangjie; Registered Capital: RMB30
million; Principal Scope of Business: Import and export, foreign
economic co-operation, domestic trade, international tendering;
Address: Huaneng Tower, No.23A, Fuxing Road, Haidian District,
Beijing.
2) Shanghai Time Shipping Co. Ltd. ("Time Shipping")
Legal Representative: Jin Langchuan; Registered Capital: RMB200
million; Principal Scope of Business: maritime transportation
along coastal region and upper and middle stream of Yangtze
River ; Address: 16/F., No.139 Yincheng Road East, Pudong
District, Shanghai.
2. Relationship
China Huaneng Group is the controlling shareholder of the Company.
Huaneng International Trading and Time Shipping controlled by China
Huaneng Group. China Huaneng Group is regarded as a "related party"
under item II of Rule 10.1.3 of the Listing Rules of Shanghai Stock
Exchange.
3. Ability of performance
The aforesaid related parties have strong ability to perform the
relevant contracts Throughout the past years, they have not failed
to perform the relevant contracts. According to experience and
based on reasonable judgement, such related parties will continue
to perform their respective obligations under the relevant
contracts.
4. Details of the regular related party transactions:
Classifica-
tion by Total
reference Transaction Transaction transaction % of same
to products Basis of price amount amount type of
Related Party Type or services pricing (RMB/ton) (RMB'0000) (RMB'0000) transaction
Huaneng Purchase Coal market price 433.27 19,324
International of fuel purchase
Trading and
trans-
portation
service
Time shipping Transporta- by mutual 38.96 19,388 38,712 6.76%
tion of coal negotiation
The related transactions occurred during the reporting period are
the same kind of transactions as estimated for the year of 2005.
5. Reasons of the transactions and impact on the Company
(1) The purchase of coal from Huaneng International Trading can
take advantages from the scale and expertises of China
Huaneng Group, and can help to reduce purchase costs.
(2) Time Shipping is a company owned by China Huaneng Group
specialising in maritime transportation. Compared with other
similar companies, it has strengths in management and service
qualities and enjoys good reputation. Therefore,
transportation of part of the Company's coal was undertaken
by Time Shipping.
(3) Such related transactions will be conducted in strict
compliance with the aforesaid pricing policy and basis of
pricing. Such transactions will not have any adverse impact
on the financial position and operating results of the
reporting period as well as those in future.
II. Impact of the commencement of operation of the power market of the
northeastern region on the Company.
The power market of the northeastern region commenced operation on 15
January 2004 by adopting a "dual pricing with full competition" mode. The
market has been in trial operation since the end of 2004 after several
simulated operations and has held its annual price bidding.
Recently, the Company has received the Notice Regarding the Commencement
of Trial Monthly Price Bidding in Power Market of the Northeastern Region
issued by the National Development and Reform Commission and the
Electricity Regulatory Commission. Such notice has included an Opinion to
Improve the Trail Run of the Power Market in the Northeastern Region,
which requests that the trial monthly price bidding in the power market
of the northeastern region shall commence in April 2005.
The Company has 3 power plants in the northeastern region, namely Dalian
Power Plant, Dandong Power Plant and Yingkou Power Plant with a total of
8 generating units and an aggregate generation capacity of 2,740 MW. All
of them are located in the loading centre in Liaoning.
At the same time as the Company actively supports and participates in the
establishment of the power market of the northeastern region, the Company
has also formulated a clear strategy by conducting serious analysis and
evaluation of the market conditions, with a view to leveraging its
competitive strengths under a fair, reasonable and open market
environment.
3.3 Disclosure as to and reasons for changes in accounting policies,
accounting estimates, consolidation scope and significant accounting
errors
|X| Applicable |_| Not applicable
Compared to the same period last year, there was no significant change in
the accounting policies and accounting estimates adopted by the Company
and its subsidiaries during the reporting period. The Company acquired
55% interests in Yueyang Generation Company and 60% interests in Luohuang
Generation Company on 1st July 2004, and further acquired 65% interests
in Pingliang Generation Company and 60% interests in Sichuan Hydro Power
on 1st January 2005. The financials of such companies were consolidated
into the Company's financial statements since their respective dates of
acquisition.
3.4 Relevant explanations by the Board of Directors and the Supervisory
Committee in respect of "qualified" audit opinion
|_| Applicable |X| Not applicable
3.5 Forecast of a probable loss in respect of the accumulated net profit from
the beginning of the financial year to the end of the next reporting
period or warning in respect of any significant changes in profit as
compared with that of the corresponding period of last year and the
reasons therefor
|_| Applicable |X| Not applicable
3.6 Cumulative adjustments to the annual operating plan or budget previously
disclosed by the Company
|_| Applicable |X| Not applicable
4 APPENDIX
UNAUDITED BALANCE SHEETS (PRC GAAP)
AS AT 31ST MARCH, 2005
Amounts: In Rmb Yuan
31st March, 31st December, 31st March, 31st December,
2005 2004 2005 2004
ASSETS Consolidated Consolidated The Company The Company
CURRENT ASSETS
Cash 3,468,027,499 2,510,859,390 1,299,330,646 1,381,509,573
Including: Cash and cash equivalents 3,265,420,369 2,295,530,972 1,133,072,910 1,211,178,016
Short-term investments 30,013,200 13,200 30,013,200 13,200
Notes receivable 1,148,326,969 1,242,671,845 334,526,302 682,937,156
Interest receivable 1,233,134 1,734,452 1,233,134 1,734,452
Accounts receivable 5,180,451,652 3,730,431,156 2,936,276,626 2,407,133,652
Other receivables 404,558,717 292,845,939 206,762,549 126,090,716
Advance to suppliers 710,420,679 441,370,775 244,291,819 233,095,644
Inventories 1,893,527,098 1,431,403,605 1,224,767,845 822,343,887
Deferred expenses 63,903,300 2,319,162 51,729,725 2,155,328
Current portion of long-term debt 4,000 5,000 4,000 5,000
investments
Total current assets 12,900,466,248 9,653,654,524 6,328,935,846 5,657,018,608
LONG-TERM INVESTMENTS
Long-term equity investments 6,542,504,126 5,886,238,518 12,769,065,533 10,382,796,256
Long-term debt investments 53,700 53,700 53,700 53,700
Total long-term investments 6,542,557,826 5,886,292,218 12,769,119,233 10,382,849,956
Including: Consolidated difference in 1,928,477,526 1,331,850,487 - -
value
FIXED ASSETS
Fixed assets, cost 94,585,675,694 80,565,305,102 56,213,239,173 56,178,137,905
Less: Accumulated depreciation (37,903,628,647) (33,246,132,232) (23,333,363,314) (22,322,890,662)
Fixed assets, net book value 56,682,047,047 47,319,172,870 32,879,875,859 33,855,247,243
Construction materials 4,249,240,391 3,876,065,407 1,502,920,669 1,367,377,823
Construction-in-progress 6,644,173,700 5,128,225,240 2,584,965,418 1,928,434,464
Total fixed assets 67,575,461,138 56,323,463,517 36,967,761,946 37,151,059,530
INTANGIBLE AND OTHER ASSETS
Intangible assets (430,074,568) (551,009,877) (545,883,751) (665,167,689)
Long-term deferred expenses 35,039,530 12,577,696 7,694,435 6,227,106
Other long-term assets 132,960,241 - - -
Total intangible and other assets (262,074,797) (538,432,181) (538,189,316) (658,940,583)
TOTAL ASSETS 86,756,410,415 71,324,978,078 55,527,627,709 52,531,987,511
LIABILITIES AND SHAREHOLDERS' EQUITY 2004 2004
Consolidated Consolidated The Company The Company
CURRENT LIABILITIES
Short-term loans 10,193,300,000 8,099,000,000 6,120,000,000 4,330,000,000
Notes payable 24,000,000 29,000,000 - -
Accounts payable 1,491,742,792 738,762,443 878,764,023 523,267,513
Salary payable 39,098,808 39,736,104 3,635,998 19,024,218
Welfare payable 207,882,839 219,555,237 129,876,426 156,331,795
Interest payable 84,140,248 121,270,836 77,489,548 88,192,171
Dividends payable 45,452,542 21,668,696 - 8,250,000
Taxes payable 917,918,812 999,792,185 286,754,143 547,544,918
Other levies payable 58,868,356 37,477,764 17,109,508 18,123,901
Other payables 4,124,846,640 3,706,812,746 2,409,639,768 2,303,996,599
Accrued expenses 121,655,290 43,572,392 63,383,200 43,502,856
Current portion of long-term loans 2,317,189,700 1,543,237,546 825,126,680 825,142,210
Provisions 4,416,483 - - -
Total current liabilities 19,630,512,510 15,599,885,949 10,811,779,294 8,863,376,181
LONG-TERM LIABILITIES
Long-term loans 24,801,013,737 15,955,289,378 6,743,647,679 6,485,208,795
Other non-current liability 14,500,000 13,000,000 - -
Total long-term liabilities 24,815,513,737 15,968,289,378 6,743,647,679 6,485,208,795
TOTAL LIABILITIES 44,446,026,247 31,568,175,327 17,555,426,973 15,348,584,976
MINORITY INTERESTS 4,338,183,432 2,573,400,216 - -
SHAREHOLDERS' EQUITY
Share capital 12,055,383,440 12,055,383,440 12,055,383,440 12,055,383,440
Capital surplus 8,616,086,160 8,615,982,210 8,616,086,160 8,615,982,210
Surplus reserves 4,112,214,828 4,112,214,828 4,112,214,828 4,112,214,828
Including: Statutory public welfare fund 1,863,280,308 1,863,280,308 1,863,280,308 1,863,280,308
Undistributed profits 13,188,516,308 12,399,822,057 13,188,516,308 12,399,822,057
Total shareholders' equity 37,972,200,736 37,183,402,535 37,972,200,736 37,183,402,535
TOTAL LIABILITIES AND SHAREHOLDERS' 86,756,410,415 71,324,978,078 55,527,627,709 52,531,987,511
EQUITY
Legal Person in charge of accounting Person in charge of accounting
representative: function: department:
Li Xiaopeng Huang Jian Zhou Hui
UNAUDITED CASH FLOW STATEMENTS (PRC GAAP)
FOR THE FIRST QUARTER ENDED 31ST MARCH, 2005
Amounts: In Rmb Yuan
Item Consolidated The Company
1. Cash flows from operating activities
Cash received from sale of goods and services 10,045,628,058 6,840,299,818
Other cash received relating to operating activities 34,455,407 12,468,628
Sub-total of cash inflows 10,080,083,465 6,852,768,446
Cash paid for goods and services (5,859,770,390) (4,204,516,288)
Cash paid to and on behalf of employees (607,189,437) (436,145,387)
Payment of all types of taxes (1,477,555,776) (897,786,593)
Other cash paid relating to operating activities (358,938,422) (303,966,503)
Sub-total of cash outflows (8,303,454,025) (5,842,414,771)
Net cash flows from operating activities 1,776,629,440 1,010,353,675
2. Cash flows from investing activities
Cash received on disposal of investments other than investments in 14,381,786 12,724,692
subsidiaries
Net cash received from disposals of fixed assets 263,521 263,521
Other cash received relating to investing activities 8,330,096 5,124,879
Sub-total of cash inflows 22,975,403 18,113,092
Cash paid to acquire fixed assets, intangible assets and other long-term (2,213,477,984) (882,094,679)
assets
Cash injection to subsidiaries - (11,000,000)
Cash paid to acquire branches and equity interest in subsidiaries and (1,458,296,346) (2,025,000,000)
associates
Other cash paid relating to investing activities (10,479,469) (19,515,158)
Sub-total of cash outflows (3,682,253,799) (2,937,609,837)
Net cash flows used in investing activities (3,659,278,396) (2,919,496,745)
3. Cash flows from financing activities
Cash received from investments 15,000,000 -
Including: Cash received from equity investment in
subsidiaries of minority shareholders 15,000,000 -
Cash received from borrowings 4,599,090,258 2,492,000,000
Sub-total of cash inflows 4,614,090,258 2,492,000,000
Cash paid on repayment of borrowings (1,262,493,918) (450,394,886)
Cash payments of interest expenses and appropriation of
dividends or profit (499,057,987) (21,567,150)
Including: Dividends paid to minority shareholders of subsidiaries - -
Sub-total of cash outflows (1,761,551,905) (660,962,036)
Net cash flows from financing activities 2,852,538,353 1,831,037,964
4. Effect of foreign exchange rate changes on cash - -
5. Net increase/(decrease) in cash and cash equivalents 969,889,397 (78,105,106)
Legal Person in charge of accounting Person in charge of accounting
representative: function: department:
Li Xiaopeng Huang Jian Zhou Hui
Amounts: In Rmb Yuan
Supplementary Information Consolidated The Company
1. Reconciliation of net profit to cash flows from operating activities
Net profit 788,694,251 788,694,251
Add: Minority interests 232,968,570 -
Reversal for asset impairment (2,822,083) (2,813,073)
Depreciation of fixed assets 1,495,593,411 1,010,668,035
Amortization of intangible assets (54,498,953) (55,372,019)
Amortization of long-term deferred expenses 760,499 653,154
Increase in deferred expenses (61,175,637) (49,574,397)
Increase in accrued expenses 78,047,622 24,396,951
Loss on disposal of fixed assets 472,111 472,111
Financial expenses 326,270,867 157,721,400
Gains arising from investments (1,114,166) (315,248,367)
Increase in inventory (407,387,443) (402,489,197)
Increase in operating receivables items (1,030,233,698) (296,648,473)
Increase in operating payables items 411,054,089 149,893,299
Net cash flows from operating activities 1,776,629,440 1,010,353,675
2. Investing and financing activities that do not involve cash receipts
and payments
Conversion of debt into capital - -
Convertible notes maturing within one year - -
Fixed assets capitalized under finance leases - -
3. Net increase in cash and cash equivalents
Cash at end of period 3,265,420,369 1,133,072,910
Less: cash at beginning of period (2,295,530,972) (1,211,178,016)
Cash equivalents at end of period - -
Less: cash equivalents at beginning of period - -
Net increase/(decrease) in cash and cash equivalents 969,889,397 (78,105,106)
Legal Person in charge of accounting Person in charge of accounting
representative: function: department:
Li Xiaopeng Huang Jian Zhou Hui
By Order of the Board
Huaneng Power International, Inc.
Li Xiaopeng
Chairman
As at the date of this announcement, the Board comprises:
Li Xiaopeng (Non-executive director) Gao Zongze (Independent non-executive director)
Wang Xiaosong (Non-executive director) Zheng Jianchao (Independent non-executive director)
Huang Yongda (Executive director) Qian Zhongwei (Independent non-executive director)
Ye Daji (Non-executive director) Xia Donglin (Independent non-executive director)
Huang Jinkai (Non-executive director) Liu Jipeng (Independent non-executive director)
Liu Jinlong (Non-executive director)
Shan Qunying (Non-executive director)
Yang Shengming (Non-executive director)
Xu Zujian (Non-executive director)
Liu Shuyuan (Non-executive director)
15th April, 2005
Beijing, the PRC