Huaneng Power International, Inc: Energy and Utilities Company Profile, SWOT & Financial Report

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					Huaneng Power International, Inc.

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Huaneng Power International, Inc.                                                  Financial Snapshot

                                                                                   Operating Performance
Fast Facts
                                        West Wing, Building C, Xicheng District,   The company reported revenue of US$15,364.38
Headquarters Address
                                        100031,China                               million during the fiscal year 2010 (2010). The
                                                                                   company's revenue grew at a CAGR of 29.05%
Telephone                               + 861083567888
                                                                                   during 2006–2010, with an annual growth of 37.00%
                                                                                   over 2009. In 2010, the company recorded an
Fax                                     + 861083567963                             operating margin of 8.28%, as against 11.96% in
                                                                                   2009.
Website                                 www.hpi.com.cn

Ticker Symbol, Stock Exchange           0902, Hong Kong Stock Exchange             Revenue and Margins

Number of Employees                     6,813

Fiscal Year End                         December

Revenue (in US$ million)                15,364.38

Revenue (in CNY million)                104,170.48




SWOT Analysis
                                                                                   Return on Equity
Strengths                               Weaknesses
                                                                                   The company recorded a return on equity (ROE) of
Market leading position in China        Dependence on thermal power plants         6.22% for 2010, as compared to its peers, China
                                                                                   Yangtze Power Co., Ltd. (Ticker: 600900), GD Power
                                                                                   Development Co., Ltd         and Huadian Power
Strong power generating infrastructure Weak bottom-line performance                International Corporation Limited (Ticker: 1071),
                                                                                   which recorded ROEs of 12.43%, 9.69% and 1.05%
Strong top-line performance                                                        respectively. The company reported an operating
                                                                                   margin of 8.28% in 2010.
Opportunities                           Threats
                                                                                   Return on Equity
Addition of new capacities and plants   China’s power industry reform

Chinese power consumption outlook       Environmental laws and regulations

Strategic acquisitions                  Increasing coal prices




                                                                                   Liquidity Position

                                                                                   The company reported a current ratio of 0.38 in 2010,
                                                                                   as compared to its peers, China Yangtze Power Co.,
                                                                                   Ltd., GD Power Development Co., Ltd and Huadian
                                                                                   Power International Corporation Limited, which
                                                                                   recorded current ratios of 0.11, 0.18 and 0.21
                                                                                   respectively. As of December 2010, the company
                                                                                   recorded cash and short-term investments of worth
                                                                                   US$1,390.33 million, against US$9,277.28 million
                                                                                   current debt. The company reported a debt to equity
                                                                                   ratio of 2.64 in 2010 as compared to its peers, China
                                                                                   Yangtze Power Co., Ltd., GD Power Development
                                                                                   Co., Ltd and Huadian Power International Corporation
                                                                                   Limited, which recorded debt to equity ratios of 1.32,
                                                                                   3.55 and 5.57 respectively.




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Huaneng Power International, Inc. - SWOT Profile                                                                           Page 1
Huaneng Power International, Inc.

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ................................................................................................................................................5
    1.2       Business Description ..............................................................................................................................................5
    1.3       Major Products and Services .................................................................................................................................6
2     Analysis of Key Performance Indicators ............................................................................................... 7
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................7
    2.2       Key Financial Performance Indicators .................................................................................................................10
      2.2.1       Revenue and Operating Profit .........................................................................................................................10
      2.2.2       Asset, Liabilities and Capex .............................................................................................................................11
      2.2.3       Net Debt vs. Gearing Ratio ..............................................................................................................................12
      2.2.4       Solvency ..........................................................................................................................................................13
      2.2.5       Valuation ..........................................................................................................................................................14
    2.3       Competitive Benchmarking ..................................................................................................................................15
      2.3.1       Market Capitalization .......................................................................................................................................15
      2.3.2       Efficiency ..........................................................................................................................................................16
      2.3.3       Capital Expenditure ..........................................................................................................................................17
      2.3.4       Turnover – Inventory and Asset .......................................................................................................................18
3     Mergers & Acquisitions and Partnerships ........................................................................................... 19
    3.1       M&A and Partnerships Strategy ...........................................................................................................................19
4     Recent Developments ........................................................................................................................... 22
5     SWOT Analysis
				
DOCUMENT INFO
Description: ICD Research's "Huaneng Power International, Inc: Energy and Utilities Company Profile, SWOT & Financial Report" contains in depth information and data about the company and its operations. The profile contains a company overview, business description, competitive benchmarking, SWOT analysis, key facts, information on products and services, details of locations and subsidiaries, plus information on key news events affecting the company.
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