Company type | Public | ||||||
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ISIN | |||||||
Industry | Power generation | ||||||
Predecessor | Huaneng International Power Development Corporation | ||||||
Founded | 30 June 1994 in Beijing [1] | ||||||
Founder | Huaneng Group | ||||||
Headquarters | , China | ||||||
Area served |
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Key people | Cao Peixi (Chairman) | ||||||
Revenue | 113,814,236,000 renminbi (2016) | ||||||
CN¥ 1.580 billion (2017) | |||||||
Total assets | CN¥396.590 billion (2017) | ||||||
Total equity | CN¥ 87.642 billion (2017) | ||||||
Owner | Huaneng Group (47.16%) | ||||||
Number of employees | 42,210 (2016) | ||||||
Parent | Huaneng Group | ||||||
Chinese name | |||||||
Simplified Chinese | 华能国际电力股份有限公司 | ||||||
Traditional Chinese | 華能國際電力股份有限公司 | ||||||
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Abbreviation | |||||||
Simplified Chinese | 华能国际电力 | ||||||
Traditional Chinese | 華能國際電力 | ||||||
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Second abbreviation | |||||||
Simplified Chinese | 华能国际 | ||||||
Traditional Chinese | 華能國際 | ||||||
Literal meaning | Huaneng International | ||||||
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Website | www | ||||||
Footnotes /references in consolidated financial statement [2] |
Huaneng Power International,Inc. (HPI),commonly known as Huaneng Power,is a Chinese electric power company. It was established in 1994 by the China Huaneng Group,one of the five largest power producers in China. It engages in the development,construction and operation of large power plants. [3]
As of 31 May 2018 [update] ,the market capitalization of its H share was HK$28.484 billion. [4] As of 31 December 2017 [update] ,about 30.92% of total share capital are "foreign share" (H share plus American depositary share),while the rest were domestic share (A share). [2] : 89
Huaneng Power's H share is a component of Hang Seng China Enterprises Index,representing 50 largest H share companies on the Stock Exchange of Hong Kong. However,under different selection criteria,Huaneng Power's A share is a component of SSE SmallCap Index since May 2018, [5] [6] an index for next 320 shares that were not included in SSE 180 Index.
Huaneng Power was ranked 745th in 2018 Forbes Global 2000 .
Huaneng Power International (HPI) was established in 1994 by China Huaneng Group,a state-owned enterprise,as a new legal person for the reorganization of Huaneng International Power Development Corporation (HIPDC;Chinese :华能国际电力开发公司). In the same year American depositary share of HPI was listed on the New York Stock Exchange. In 1997 China Huaneng Group,HIPDC and HPI became part of the State Power Corporation of China, [7] a mega corporation that replacing the commercial function of the Ministry of Electric Industry . On 21 January 1998 HPI listed its H share on the Stock Exchange of Hong Kong; [4] its A share was listed on the Shanghai Stock Exchange since 6 December 2001. [8] In 2000,HPI also absorbed fellow sister listed company Shandong Huaneng Power Development.
After the dismantle of the State Power Corporation of China in 2003,HPI climbed up one tier as the third-tier subsidiary of the State Council,as China Huaneng Group was directly supervised by the State Council since 2003. The parent company also injected more assets to HPI in order to floats most of the group assets publicly. [9] [10] [11] In the 2004 deal,HPI also acquired an additional 10% minority interests in Jinggangshan Power Plant from Jiangxi Province Investment Corporation, [9] [10] (Chinese :江西省投资公司,now Jiangxi Province Investment Group) a subsidiary of Jiangxi Provincial People's Government .
In April 2008,HPI also acquired a special-purpose vehicle SinoSing Power from China Huaneng Group for approx. US$985 million. [12] [13] That SPV acquired Tuas Power from Singapore government owned Temasek Holdings for SG$4.235 billion (approx. US$3.1 billion) in March 2008 in a leverage buyout. [13] [14] [15]
HPI is involved in the development of renewable energy projects. [16] : 40–41
Huaneng Power International is a government controlled corporation which under the supervision of the State-owned Assets Supervision and Administration Commission [8] of the State Council indirectly.
As of 31 December 2017 [update] , ultimate parent company China Huaneng Group (CHNG) owned 10.23% shares of Huaneng Power International directly, plus additional 33.33% via a wholly owned subsidiary Huaneng International Power Development Corporation, another 3.11% shares via another subsidiary, Hong Kong incorporated, China Hua Neng Group Hong Kong (Chinese :中國華能集團香港) and lastly 0.49% shares via mainland incorporated subsidiary, China Huaneng Finance (Chinese :中国华能财务), [19] for a total of 47.16% shares of HPI.
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China Huaneng Group Co., Ltd., abbreviated as CHNG or Huaneng Group, is one of the five largest state-owned electricity generation enterprises in China, administered by the State-owned Assets Supervision and Administration Commission of the State Council. It engages in the investment, construction, operation and management of power generation assets and the production and sale of electricity. In 2012, the company was ranked 246th on the Fortune 500 list.
China Power International Development Limited (CPID), also known as just China Power, is a Chinese electric power company incorporated in Hong Kong in 2004. The former ultimate parent company China Power Investment Corporation, a Chinese state-owned enterprise also has the initials "CPI" but in the case of the parent company the "I" stands for "Investment" (投资) not "International" (国际). State Power Investment Corporation (SPIC) became the new parent company of CPID after CPI Group was merged with another state-owned enterprise.
China Power Investment Corporation also known as CPI Group was one of the five largest state-owned electricity producers in mainland China. It was administrated by the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council. It was engaged in development, investment, construction, operation, and management of power plants and power generation in twenty-seven Chinese provinces. It supplies approximately ten percent of the country's electricity.
China Huadian Corporation is one of the five largest state-owned power generation enterprises in China, administered by SASAC for the State Council. It engages in the generation and supply of electricity and heat, and the development of power-related primary energy. It produces about 10% of China's power along with Huaneng Group, Datang Group, SPIC and China Energy.
Nanjing Iron and Steel Co., Ltd. is a publicly traded steel maker based in Nanjing, Jiangsu Province, China. The parent company of NISCO is Nanjing Nangang Iron and Steel United Co., Ltd., a joint venture of Hong Kong listed company Fosun International and Chinese state-owned enterprise Nanjing Iron and Steel Group in a 60–40 ratio.
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Le.com, known legally as Leshi Internet Information and Technology Corp., Beijing, is a Chinese technology company, and one of the largest online video companies in China. It is headquartered in Chaoyang District, Beijing.
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