Estimated Increase in Profit for 2010 Annual Re...
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong
Limited take no responsibility for the contents of this announcement, 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 announcement.
DATANG INTERNATIONAL POWER GENERATION CO., LTD.
(a sino-foreign joint stock limited company incorporated in the People's
Republic of China)
(Stock Code: 991)
PRICE-SENSITIVE INFORMATION/
OVERSEAS REGULATORY ANNOUNCEMENT
ESTIMATED INCREASE IN PROFIT FOR THE
ANNUAL RESULTS OF 2010
Special Notice:
This announcement is made by Datang International Power Generation Co., Ltd.
(the "Company") pursuant to the requirements of Rules 13.09(1) and 13.09(2) of
the Rules Governing the Listing of Securities on The Stock Exchange of Hong
Kong Limited to provide shareholders of the Company and the public with the
financial information of the Company. This announcement is also disseminated on
the Shanghai Stock Exchange simultaneously. The estimates referred to in this
announcement are only preliminary estimates made by the Company and have not
been audited by any certified public accountants. Detailed financial
information of the Company will be disclosed in the 2010 annual report of the
Company. Investors are advised to exercise caution when dealing in the shares
of the Company.
The Company and all members of the board of directors (the "Board") warrant
that there are no false representations and misleading statements contained in,
or material omissions from this announcement, and severally and jointly accept
the responsibility for the truthfulness, accuracy and completeness of the
content of this announcement.
I. Estimated results for the reporting period
1. Period to which the estimated results apply: From 1 January 2010 to 31
December 2010.
2. Estimated results: As preliminary estimated by the Company, net profit
attributable to the equity holders of the Company as reported on the
consolidated statements of the Company for year 2010 is expected to
increase by more than 50% as compared to the corresponding period of the
previous year.
3. The figures of the estimated results have not been audited by any certified
public accountants.
II. Results of the corresponding period of the previous year
1. Net profit attributable to the equity holders of the Company as reported in
the consolidated statements: Approximately RMB1,479,469,000 (under the
China Accounting Standards for Business Enterprises).
2. Basic earnings per share: RMB0.1256 per share (under the China Accounting
Standards for Business Enterprises).
III. Reasons for the change in the results
The significant increase in the results for the reporting period was mainly
attributable to a decrease in fixed costs resulted from changes in accounting
estimates of fixed assets by the Company in order to enhance the comparability
of accounting information among listed companies within the same industry.
Meanwhile, there was an increase in revenue from principal operations owing to
an increase in installed capacity of generating units of the Company and an
improvement in power generation structure during the reporting period, as well
as an increase in the non-power businesses of the Company also contributed to
the increased profits for the reporting period.
IV. Risk warning
The estimated results for the reporting period are only preliminary estimates
made by the Company. The Company will disclose the detailed financial
information in its 2010 annual report. Investors are advised to exercise
caution when dealing in the shares of the Company.
By Order of the Board
Zhou Gang
Secretary to the Board
Beijing, the PRC, 25 January 2011
As at the date of this announcement, the directors of the Company are:
Liu Shunda, Hu Shengmu, Cao Jingshan, Fang Qinghai, Zhou Gang, Liu Haixia, Guan
Tiangang, Su Tiegang, Ye Yonghui, Li Gengsheng, Li Yanmeng*, Zhao Zunlian*, Li
Hengyuan*, Zhao Jie*, Jiang Guohua*
* Independent non-executive directors
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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