Third Quarterly Report 2015

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: 00991)

OVERSEAS REGULATORY ANNOUNCEMENT

AND

INSIDE INFORMATION

THIRD QUARTERLY REPORT OF 2015

In accordance with the requirements of the China Securities Regulatory Commission, Datang International Power Generation Co., Ltd. (the "Company") is required to publish quarterly reports for the first and third quarters of the year.

The financial information contained in this quarterly report is unaudited, and was prepared in accordance with the China Accounting Standards for Business Enterprises ("PRC GAAP").

This announcement is made by the Company pursuant to the Inside Information Provisions (as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules")), under Part XIVA of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong) and Rules 13.09(2) (a) and 13.10(B) of the Listing Rules.

1        IMPORTANT NOTICE

1.1     The board of directors (the "Board"), the supervisory committee, the directors, the supervisors and senior management members of the Company warrant that the information herein contained is true, accurate and complete and there are no false representations, misleading statements contained in or material omissions from this quarterly report, and severally and jointly accept the legal responsibility.

1.2     Directors absent from the Board meeting:

Names of absent director	Position of absent director	Reason(s) for absence	Name of proxy
Chen Jinhang	Chairman	Business engagement	Wu Jing
Hu Shengmu	Director	Business engagement	Wu Jing
Liang Yongpan	Director	Business engagement	Ying Xuejun
Cao Xin	Director	Business engagement	Cai Shuwen
Guan Tiangang	Director	Business engagement	Liu Haixia

1.3     Mr. Chen Jinhang, the person-in-charge of the Company and Mr. Liu Quancheng, the person-in-charge of accounting matters and Mr. Sun Yanwen, the person-in-charge of accounting department (head of accounting department), hereby warrant the truthfulness, accuracy and completeness of the financial statements contained in this quarterly report.

1.4     The financial statements of the Company in this third quarterly report are unaudited.

2        CHANGES IN MAJOR FINANCIAL DATA AND SHAREHOLDERS OF THE COMPANY

2.1  Major financial data

Unit: RMB'000  Currency: RMB

	At the end of the reporting period	At the end of the previous year	Increase/decrease at the end of the reporting period as compared to the end of the previous year (%)
Total assets	300,105,173	302,431,367	-0.77
Net assets attributable to equity holders of the Company	45,801,937	43,803,449	4.56
	Beginning of the year to the end of the reporting period (Jan - Sep)	Beginning of the previous year to the end of the previous reporting period (Jan - Sep)	Increase/decrease as compared to the corresponding period of the previous year (%)
Net cash flows generated from operating activities	21,603,710	22,582,366	-4.33
	Beginning of the year to the end of the reporting period (Jan - Sep)	Beginning of the previous year to the end of the previous reporting period (Jan - Sep)	Increase/decrease as compared to the corresponding period of the previous year (%)
Operating revenue	47,095,939	52,312,851	-9.97
Net profit attributable to equity holders of the Company	3,586,968	3,664,110	-2.11
Net profit attributable to equity holders of the Company after excluding non-recurring profit/ loss items	3,383,496	3,545,433	-4.57
Return on net assets (weighted average) (%)	7.95	8.10	Decrease of 0.15 percentage points
Basic earnings per share (RMB/share)	0.2695	0.2753	-2.10
Diluted earnings per share (RMB/share)	0.2695	0.2753	-2.10

Excluding non-recurring profit/loss items and amounts

Unit: RMB'000  Currency: RMB

Items	Amount for the period (Jul - Sep)	Amount from the beginning of the year to the end of the reporting period (Jan - Sep)	Notes
Profit/loss from disposal of non-current assets	2,923	5,842
Government's grants accounted for in the profit and loss account for the reporting period (except for those closely related to the Company's ordinary course of business, in compliance with the State's policies and regulations and granted in fixed amount or quantity specified by certain standards)	35,415	120,656
Profit/loss from debt restructuring	-	982
Profit/loss gained from loans entrusted to external entities	1,525	29,049
Other non-operating income and expenses excluding the above-mentioned items	12,100	41,982
Other profit/loss items conforming with the definition of non-recurring profit or loss	11,109	124,756
Impact of income tax	-10,629	-75,012
Effects of minority shareholders' interest (after tax)	-21,196	-44,783
Total	31,247	203,472

2.2     Total number of shareholders, top ten shareholders and shareholding of the top ten holders of circulating shares (or holders of shares free from selling restrictions) as at the end of the reporting period

Unit: share

Total number of shareholders				267,953
Shareholding of the top ten shareholders
Name of shareholder (Full name)	Number of shares held at the end of the reporting period		Shareholding percentage (%)		Number of shares held with selling restrictions	Pledged or frozen shares			Nature of shareholder
						Status	Number
China Datang Corporation ("CDC")	4,138,977,414		31.10			Unknown	49,000,000		State owned legal person
HKSCC Nominees Limited	3,295,076,919		24.76			Nil			Foreign legal person
Tianjin Jinneng Investment Company	1,296,012,600		9.74			Nil			State owned legal person
Hebei Construction & Investment Group Co., Ltd.	1,281,872,927		9.63			Nil			State owned legal person
Beijing Energy Investment (Group) Company Limited	1,260,988,672		9.47			Nil			State owned legal person
China Securities Finance Corporation Limited	387,353,765		2.91			Nil			State owned legal person
Zhongrong Hui Investment Guarantee Co., Ltd.	160,000,000		1.20			Nil			Others
Central Huijin Investment Ltd.	76,904,200		0.58			Nil			State-owned legal person
Aerospace Science & Technology Finance Co., Ltd.	54,901,264		0.41			Nil			State-owned legal person
Hong Kong Securities Clearing Company Limited	19,921,874		0.15			Nil			Foreign legal person
Shareholding of the top ten holders of shares free from selling restrictions
Name of shareholder		Number of circulating shares held not subject to selling restrictions			Class and number of shares
					Class			Number
CDC		4,138,977,414			RMB denominated ordinary shares			4,138,977,414
HKSCC Nominees Limited		3,295,076,919			Overseas-listed foreign shares			3,295,076,919
Tianjin Jinneng Investment Company		1,296,012,600			RMB denominated ordinary shares			1,296,012,600
Hebei Construction & Investment Group Co., Ltd.		1,281,872,927			RMB denominated ordinary shares			1,281,872,927
Beijing Energy Investment (Group) Company Limited		1,260,988,672			RMB denominated ordinary shares			1,260,988,672
China Securities Finance Corporation Limited		387,353,765			RMB denominated ordinary shares			387,353,765
Zhongrong Hui Investment Guarantee Co., Ltd.		160,000,000			RMB denominated ordinary shares			160,000,000
Central Huijin Investment Ltd.		76,904,200			RMB denominated ordinary shares			76,904,200
Aerospace Science & Technology Finance Co., Ltd.		54,901,264			RMB denominated ordinary shares			54,901,264
Hong Kong Securities Clearing Company Limited		19,921,874			RMB denominated ordinary shares			19,921,874
Notes on the connected relationship or acting in concert among the above shareholders		China Datang Overseas (Hong Kong) Co., Limited., a wholly-owned subsidiary of CDC, held 480,680,000 H shares of the Company as at the end of the reporting period, which were included in the shareholding of the Company held by HKSCC Nominees Limited, representing approximately 3.61% of the Company's total share capital. CDC and its parties acting in concert increased their shareholding in A shares of the Company by 8,738,600 shares on 9 July 2015, representing approximately 0.06% of the Company's total share capital. As at 30 September 2015, CDC and its subsidiaries held a total of 4,628,396,014 issued shares of the Company, representing approximately 34.77% of the Company's total issued shares.

2.3     Total number of holders of preference shares and the top ten holders of preference shares and shareholding of the top ten holders of preference shares (not subject to trading moratorium) as at the end of the reporting period

   Applicable         Not applicable

3        SIGNIFICANT MATTERS

3.1     The details of and the reasons for the material changes in the major financial statement items and financial indicators of the Company

    Applicable         Not applicable

(1) Notes receivables of the Company and its subsidiaries as at the end of the reporting period increased by approximately 38% over the beginning of the reporting period. This was mainly because of the increase in amount of notes used by customers for settlement.

(2) Prepayments of the Company and its subsidiaries as at the end of the reporting period increased by approximately 110% over the beginning of the reporting period. This was mainly because of the increase in prepayments for materials by some subsidiaries.

(3) Dividends receivable of the Company and its subsidiaries as at the end of the reporting period decreased by approximately 41% over the beginning of the reporting period. This was mainly because of the receipt of profits from associates (joint ventures) by the Company.

(4)  Non-current assets due within one year of the Company and its subsidiaries as at the end of the reporting period decreased by approximately 90% over the beginning of the reporting period. This was mainly because of the recovery of long-term entrusted loans due within one year from associates (joint ventures) by the Company.

(5) Other current assets of the Company and its subsidiaries as at the end of the reporting period decreased by approximately 87% over the beginning of the reporting period. This was mainly because of the recovery of short-term entrusted loans from associates (joint ventures) by the Company.

(6) Salaries payable of the Company and its subsidiaries as at the end of the reporting period increased by approximately 279% over the beginning of the reporting period. This was mainly because the provision made by the Company for salaries have not been paid.

(7) Dividends payable of the Company and its subsidiaries as at the end of the reporting period increased by approximately 388% over the beginning of the reporting period. This was mainly because the distribution of profit announced by some of the subsidiaries was not yet completed.

(8) Other non-current liabilities of the Company and its subsidiaries due within one year as at the end of the reporting period decreased by approximately 33% over the beginning of the reporting period. This was mainly because of the repayment of bonds upon maturity by the Company.

(9) Other current liabilities of the Company and its subsidiaries as at the end of the reporting period increased by approximately 38% over the beginning of the reporting period. This was mainly because of the increase in issue of super short-term debentures by the Company during the period.

(10) Long-term payables of the Company and its subsidiaries as at the end of the reporting period increased by approximately 62% over the beginning of the reporting period. This was mainly because of the increase in the scale of finance leases by subsidiaries in the current period.

(11) Other comprehensive income of the Company and its subsidiaries as at the end of the reporting period decreased by approximately 84% over the beginning of the reporting period. This was mainly because of the change in fair values of shares held by the subsidiaries.

(12) Specific reserve of the Company and its subsidiaries as at the end of the reporting period increased by approximately 41% over the beginning of the reporting period. This was mainly because of the increase in the portion shared by the Company in the specific reserve of investees under equity method and the provision of unutilised amounts by subsidiaries.

(13) Undistributed profits of the Company and its subsidiaries as at the end of the reporting period increased by approximately 43% over the beginning of the reporting period. This was mainly affected by the profit for the current period of the Company and its subsidiaries.

(14) Investment gains of the Company and its subsidiaries for the nine months ended 30 September 2015 increased by approximately 57% over the corresponding period of the previous year. This was mainly because of the increase in profit of associates (joint ventures) in the current period.

(15) Non-operating income of the Company and its subsidiaries for the nine months ended 30 September 2015 increased by approximately 196% over the corresponding period of the previous year. This was mainly because of the increase in amortisation of deferred gains for the current period over the corresponding period of the previous year.

(16) Net cash flows generated from investing activities of the Company and its subsidiaries for the nine months ended 30 September 2015 increased by approximately 42% over the corresponding period of the previous year. This was mainly because of the reduction in infrastructure investment cost in the current period.

(17) Net cash flows generated from financing activities of the Company and its subsidiaries for the nine months ended 30 September 2015 decreased by approximately 92% over the corresponding period of the previous year. This was mainly because of the increase in cash for the repayment of liabilities.

3.2     The analysis and explanation of progress and impact of major events and solutions

    Applicable          Not applicable

On 7 July 2014, the Company and China Reform Holdings Corporation Ltd. entered into the reorganisation framework agreement, which involved the reorganisation of the coal-to-chemical segment and related projects of the Company, including Datang Inner Mongolia Duolun Coal Chemical Company Limited, Inner Mongolia Datang International Keshiketeng Qi Coal-based Gas Company Limited, Liaoning Datang International Fuxin Coal-to-gas Company Ltd, Datang Hulunbeier Chemical Fertiliser Co., Ltd., Inner Mongolia Datang International Xilinhaote Mining Co., Ltd. and the respective ancillary facilities and affiliated projects.

At present, the reorganisation is in steady progress.

3.3     The performance of the undertakings made by the Company and shareholders with equity interests higher than 5%

    Applicable           Not applicable

Background of undertakings	Type of undertakings	The party making the undertakings	Contents of undertakings	Date and duration of undertakings	Is there performance duration?	Are they timely and strictly performed?
Undertakings in relation to initial public issue	Resolve business competition	CDC	Note 1 on contents of undertakings	2006, valid for a long term	Yes	Yes
Undertakings in relation to refinancing	Resolve business competition	CDC	Note 2 on contents of undertakings	2010, valid for a long term	Yes	Yes

Notes on contents of undertakings:

1. CDC made an undertaking at the initial public issue of A shares by the Company in 2006: CDC would follow the principle of not constituting direct or indirect business competition with the Company during its development, disposal or acquisition of power projects or power assets; in the course of development or disposal of its existing power projects or power assets within its business and operation scope, CDC agreed that the Company shall have a preferential right to develop or acquire relevant projects or assets in the intended areas of development; CDC warranted that it would not take any action which constitutes a direct or indirect competition with the Company in respect of power projects intended to be developed and acquired by the Company in the future; in respect of any substantive business competition between CDC and the Company, CDC agreed to enter into agreement with the Company to resolve possible issues on the business competition constituted via all appropriate means, including entrusted operation or acquisition of such power projects or assets by the Company.

2. The Company received an "Undertaking on Relevant Matters regarding Further Avoidance of Business Competition with Datang International Power Generation Co., Ltd. by China Datang Corporation" from CDC, its controlling shareholder, in October 2010. For further avoidance of business competition with the Company, CDC undertakes that: (1) CDC confirms that the Company shall be the ultimate platform for integrating the coal-fired power businesses of CDC; (2) in respect of the non-listed coal-fired power assets of CDC, CDC undertakes that it will inject those assets into the Company in 5 to 8 years when the profitability of such assets has improved and the relevant conditions are met; (3) in respect of the coal-fired power business assets of CDC located in Hebei Province, CDC undertakes that it will inject those assets into the Company in approximately 5 years when the profitability of such assets has improved and the relevant conditions are met; (4) CDC will continue to perform each of its undertakings previously given to support the development of its subordinated listed companies.

The Company received a "Description of the Perfection of Undertakings made by China Datang Corporation to Datang International Power Generation Co., Ltd." from CDC in June 2014, the specifications for the relevant undertakings were as follows:

(1) Terms of the undertakings: (i) in respect of the coal-fired power business assets of CDC located in Hebei Province, CDC undertakes that it will inject those assets into the Company no later than around October 2015 when the profitability of such assets has improved and the relevant conditions are met; (ii) in respect of the non-listed coal-fired power assets of CDC (except the coal-fired power business assets located in Hebei Province), CDC undertakes that it will inject those assets into the Company no later than around October 2018 when the profitability of such assets has improved and the relevant conditions are met.

(2) Conditions for injection: the coal-fired power assets to be injected by the CDC shall satisfy the following conditions at the same time: (i) there exists no trend of adverse changes such as decline of expected profitability of the company in respect of the assets to be injected; (ii) after the injection of the assets, it shall be beneficial for the enhancement of assets quality of the listed company, strengthening of the sustainable profitability of the company and improvement of the company's financial condition, among which, the earnings per share or return of net assets of the listed company shall be on a rising trend; (iii) the assets to be injected shall comply with the requirements of the national laws, regulation, department rules and regulatory authorities, including clear titles and all the approval procedures being completed.

In May 2015, the Company received a "Letter on Further Determination of Relevant Undertakings" from CDC, and the specifications for the relevant undertakings were as follows:

(1) Term of the undertakings: (i) in respect of the coal-fired power business assets of CDC located in Hebei Province, CDC will inject those assets into the Company no later than around October 2015 when the profitability of such assets has improved and the relevant conditions are met; (ii) in respect of the non-listed coal-fired power assets of CDC (except for the coal-fired power business assets located in Hebei Province and Hunan Province), CDC will inject those assets into the Company no later than around October 2018 when the profitability of such assets has improved and the relevant conditions are met.

(2) Conditions for injection: the coal-fired power assets to be injected by the CDC shall satisfy the following conditions at the same time: (i) there exists no trend of adverse changes such as decline of expected profitability of the Company in respect of the assets to be injected; (ii) after the injection of the assets, it shall be beneficial for the enhancement of assets quality of the listed company, strengthening of the sustainable profitability of the Company and improvement of the Company's financial condition, among which, the earnings per share or return of net assets of the listed company shall be on a rising trend; (iii) the assets to be injected shall comply with the requirement of the national laws, regulations, department rules and provisions of regulatory authorities, including clear titles and all the approval procedures being completed.

In September 2015, the Company received a "Letter on the Alternation of Relevant Undertakings" from CDC, and the alternation for the relevant undertakings were altered as follows:

(1) Term of the undertakings: (i) in respect of the coal-fired power business assets of CDC located in Hebei Province, CDC proposed to, after the outcome of the coal-to-chemical reorganisation becomes definite, inject those assets into the Company no later than around October 2018 when the profitability of such assets has improved and the relevant conditions are met; (ii) in respect of the non-listed coal-fired power assets of CDC (except for the coal-fired power business assets located in Hebei Province and Hunan Province), CDC will inject those assets into the Company no later than around October 2018 when the profitability of such assets has improved and the relevant conditions are met.

(2) Conditions for injection: the coal-fired power assets to be injected by the CDC shall satisfy the following conditions at the same time: (i) there exists no trend of adverse changes such as decline of expected profitability of the Company in respect of the assets to be injected; (ii) after the injection of the assets, it shall be beneficial for the enhancement of assets quality of the listed company, strengthening of the sustainable profitability of the Company and improvement of the Company's financial condition, among which, the earnings per share or return of net assets of the listed company shall be on a rising trend; (iii) the assets to be injected shall comply with the requirements of the national laws, regulations, department rules and provisions of regulatory authorities, including clear titles and all the approval procedures being completed.

3.4     The warning and explanation in the forecast of the possible aggregate net profits from the beginning of the year to the end of the next reporting period becoming a loss or significant changes over the corresponding period of the previous year.

    Applicable         Not applicable

 By Order of the Board   
 Ying Xuejun         
 Acting Company Secretary
 

Beijing, the PRC, 29 October 2015

As at the date of this announcement, the directors of the Company are:

Chen Jinhang, Hu Shengmu, Wu Jing, Liang Yongpan, Ying Xuejun, Cao Xin, Cai Shuwen,
Liu Haixia, Guan Tiangang, Yang Wenchun,
Jiang Guohua*, Feng Genfu*, Luo Zhongwei*, Liu Huangsong*, Jiang Fuxiu*

* Independent non-executive directors

4        APPENDIX

4.1     Financial statements                        

Consolidated Balance Sheet
30 September 2015
Prepared by: Datang International Power Generation Co., Ltd.
Unit: RMB'000 Currency: RMB Audit Type: Unaudited
Item	Closing balance	Opening balance
Current assets:
Cash balance	5,485,293	5,288,498
Notes receivables	697,535	504,789
Accounts receivables	6,741,022	9,500,035
Prepayments	1,134,374	541,256
Dividend receivable	261,350	444,125
Other receivables	2,918,544	2,617,731
Inventories	3,743,000	3,744,420
Non-current assets due within one year	39,162	385,984
Other current assets	111,596	831,715
Total current assets	21,131,876	23,858,553
Non-current assets:
Available-for-sale financial assets	4,773,750	5,013,944
Long-term receivables	202,168	224,126
Long-term equity investments	13,800,987	12,831,367
Investment properties	575,611	590,580
Fixed assets	164,319,591	165,013,373
Construction-in-progress	79,827,034	78,895,510
Construction materials	5,357,506	5,763,362
Disposal of fixed assets	12,868
Intangible assets	6,633,014	6,655,593
Development expenses	11	31
Goodwill	899,886	899,886
Long-term deferred expenses	793,458	861,265
Deferred income tax assets	1,309,217	1,355,564
Other non-current assets	468,196	468,213
Total non-current assets	278,973,297	278,572,814
Total assets	300,105,173	302,431,367
Current liabilities:
Short-term borrowings	10,597,546	13,753,134
Notes payable	2,129,968	2,309,388
Accounts payable	18,875,047	22,302,079
Receipts in advance	389,538	314,012
Salaries payable	632,665	166,798
Taxes payable	-3,318,135	-3,010,557
Interests payable	851,467	1,049,234
Dividends payable	491,353	100,595
Other payables	2,565,554	2,485,985
Non-current liabilities due within one year	14,279,464	21,290,822
Other current liabilities	15,210,375	11,000,000
Total current liabilities	62,704,842	71,761,490
Non-current liabilities:
Long-term borrowings	134,988,057	137,691,639
Debentures payables	15,405,919	15,394,158
Long-term payables	18,472,061	11,379,836
Specific payables	550	550
Accrued liabilities	42,191	42,191
Deferred income	3,006,984	2,436,534
Deferred income tax liabilities	582,535	617,218
Total non-current liabilities	172,498,297	167,562,126
Total liabilities	235,203,139	239,323,616
Shareholders' equity:
Share capital	13,310,038	13,310,038
Capital surplus	10,861,355	10,770,031
Other comprehensive income	16,707	102,891
Specific reserve	466,423	329,738
Surplus reserve	17,826,954	16,968,603
Undistributed profits	3,320,460	2,322,148
Total shareholders' equity interest attributable to    the parent company	45,801,937	43,803,449
Minority interests	19,100,097	19,304,302
Total shareholders' equity	64,902,034	63,107,751
Total liabilities and shareholders' equity	300,105,173	302,431,367

Person-in-charge of the Company: Chen Jinhang
Person-in-charge of accounting matters: Liu Quancheng
Person-in-charge of the accounting institution: Sun Yanwen              

Balance Sheet of the Parent Company
30 September 2015
Prepared by: Datang International Power Generation Co., Ltd.
Unit: RMB'000 Currency: RMB Audit Type: Unaudited
Item	Closing balance	Opening balance
Current assets:
Cash balance	923,632	2,179,471
Notes receivables		43,589
Accounts receivables	904,049	1,454,162
Prepayments	19,260	5,177
Dividends receivables	834,470	932,820
Other receivables	679,891	670,090
Inventories	152,270	268,306
Non-current assets due within one year	3,600,000	4,335,706
Other current assets	6,885,904	5,521,505
Total current assets	13,999,476	15,410,826
Non-current assets:
Available-for-sale financial assets	3,922,427	3,922,427
Long-term equity investments	50,048,480	48,033,102
Investment properties	218,956	225,125
Fixed assets	10,201,472	10,847,220
Construction-in-progress	4,889,146	4,321,513
Construction materials	241,421	238,187
Intangible assets	743,938	756,085
Goodwill	33,561	33,561
Deferred income tax assets	146,344	146,344
Other non-current assets	9,403,699	11,019,718
Total non-current assets	79,849,444	79,543,282
Total assets	93,848,920	94,954,108
Current liabilities:
Short-term borrowings	2,000,000	500,000
Accounts payables	1,768,752	1,793,168
Receipts in advance	323	547
Salaries payables	289,277	25,458
Taxes payables	159,198	287,164
Interests payables	586,521	715,420
Dividends payables	248
Other payables	690,182	520,389
Non-current liabilities due within one year	334,200	5,177,369
Other current liabilities	14,000,000	11,000,000
Total current liabilities	19,828,701	20,019,515
Non-current liabilities:
Long-term borrowings	10,590,400	14,912,600
Debentures payables	15,405,919	15,394,158
Long-term payables	17,150	21,000
Deferred income	475,349	483,835
Total non-current liabilities	26,488,818	30,811,593
Total liabilities	46,317,519	50,831,108
Shareholders' equity:
Share capital	13,310,038	13,310,038
Capital surplus	9,950,531	9,937,191
Other comprehensive income	17,507	17,507
Specific reserve	388,816	283,854
Surplus reserve	17,864,390	17,006,037
Undistributed profits	6,000,119	3,568,373
Total shareholders' equity	47,531,401	44,123,000
Total liabilities and shareholders' equity	93,848,920	94,954,108

Person-in-charge of the Company: Chen Jinhang
Person-in-charge of accounting matters: Liu Quancheng
Person-in-charge of the accounting institution: Sun Yanwen         

Consolidated Income Statement
January 2015 to September 2015
Prepared by: Datang International Power Generation Co., Ltd.
Unit: RMB'000 Currency: RMB Audit Type: Unaudited
Item	Amount for the reporting period (Jul - Sep)	Amount for the corresponding period of the previous year (Jul - Sep)	Amount for the period from the beginning of the year to the end of the reporting period (Jan - Sep)	Amount for the period from the beginning of the previous year to the end of the corresponding period of the previous year (Jan - Sep)
1.     Operating revenue	15,487,375	17,470,304	47,095,939	52,312,851
Including: Operating revenue	15,487,375	17,470,304	47,095,939	52,312,851
2.     Operating costs	14,042,850	15,263,932	42,640,953	46,478,406
Including: Operating costs	11,127,972	11,784,321	33,478,522	36,682,107
Business tax and surcharges	177,581	172,711	542,905	533,780
Selling expenses	27,137	182,541	116,853	367,308
General and administrative                                  expenses	763,247	970,127	2,391,720	2,549,625
Financial expenses	1,969,453	2,154,232	6,133,493	6,345,586
Loss on impairment of assets	-22,540		-22,540
Add: Investment income (loss    stated with "-")	639,223	568,120	1,266,891	808,487
Including: Investment income from  associates and joint ventures	572,904	538,799	1,059,125	692,940
3.     Operating profit (loss stated with "-")	2,083,748	2,774,492	5,721,877	6,642,932
Add:       Non-operating income	646,746	163,400	1,114,785	376,022
Less:      Non-operating expenses	13,322	14,649	15,898	15,019
Including: Loss from the disposal of non-current assets			10
4.     Total profit  (total loss stated with "-")	2,717,172	2,923,243	6,820,764	7,003,935
Less:    Income tax	749,006	658,208	2,197,398	1,922,919
5.     Net profit (net loss stated with "-")	1,968,166	2,265,035	4,623,366	5,081,016
Net profit attributable to owners of the parent company	1,542,662	1,684,623	3,586,968	3,664,110
Minority interests	425,504	580,412	1,036,398	1,416,906
6.     Other comprehensive income after tax (net)	-94,720	67,562	-72,844	-43,647
Other comprehensive income after tax attributable to owners of the parent company (net)	-94,720	67,562	-72,844	-43,647
(1) Other comprehensive income that       cannot be reclassified to profit and loss in subsequent periods
1.      Changes in net liabilities or net assets arising from the re-measurement of defined benefit plans
2.      Share of other comprehensive income of investee that cannot be reclassified to profit and loss under equity method
(2) Other comprehensive income that will be reclassified to profit and loss in subsequent periods	-94,720	67,562	-72,844	-43,647
1.      Share of other comprehensive income of investee that will be reclassified to profit and loss under equity method in subsequent periods	-22,835	9,129	13,340	8,233
2.      Gains and losses from changes in fair value of available-for-sale financial assets	-75,089	58,896	-88,576	-53,644
3.      Gains and losses from held-to-maturity investment reclassified as available- for-sale financial assets
4.      Effective portion of hedging gains and losses from cash flows
5.      Exchange differences from retranslation of financial statements	3,204	-463	2,392	1,764
6.      Others
Other comprehensive income after tax attributable to minority shareholders (net)
7.     Total comprehensive income	1,873,446	2,332,597	4,550,522	5,037,369
Total comprehensive income attributable to owners of the parent company	1,447,942	1,752,185	3,514,124	3,620,463
Total comprehensive income attributable to minority shareholders	425,504	580,412	1,036,398	1,416,906
8.     Earnings per share:
(1) Basic earnings per share (RMB/share)	0.1159	0.1266	0.2695	0.2753
(2) Diluted earnings per share (RMB/share)	0.1159	0.1266	0.2695	0.2753

Person-in-charge of the Company: Chen Jinhang
Person-in-charge of accounting matters: Liu Quancheng
Person-in-charge of the accounting institution: Sun Yanwen

Consolidated Income Statement of the Parent Company
January 2015 to September 2015
Prepared by: Datang International Power Generation Co., Ltd.
Unit: RMB'000 Currency: RMB Audit Type: Unaudited
Item	Amount for the reporting period           (Jul - Sep)	Amount for the corresponding period of the previous year (Jul - Sep)	Amount for the period from the beginning of the year to the end of the reporting period (Jan - Sep)	Amount for the period from the beginning of the previous year to the end of the corresponding period of the previous year (Jan - Sep)
1.     Operating revenue	2,563,787	2,322,801	7,289,587	7,004,615
Less:        Operating costs	2,243,366	1,708,535	6,131,878	5,111,014
Business tax and surcharges	35,751	29,118	116,477	75,277
Selling expenses
General and administrative     expenses	98,845	48,939	306,206	333,907
Financial expenses	462,022	499,636	1,566,966	1,395,003
Loss on impairment of assets
Investment income (loss stated with "-")	2,303,103	858,006	5,385,884	5,084,960
Including: Investment        income from associates and joint ventures	542,438	537,849	1,029,737	698,814
2.     Operating profit (loss stated with "-")	2,026,906	894,579	4,553,944	5,174,374
Add:          Non-operating income	401,700	7,248	692,747	28,029
Less:          Non-operating expenses	7,817		6,968	300
3.     Total profit (total loss stated with "-")	2,420,789	901,827	5,239,723	5,202,103
Less:    Income tax	122,005	78,049	219,321	252,854
4.     Net profit (net loss stated with "-")	2,298,784	823,778	5,020,402	4,949,249
5.     Other comprehensive income after tax (net)	-22,835	9,129	13,340	8,233
(1) Other comprehensive income that       cannot be reclassified to profit and loss in subsequent periods
1.      Changes in net liabilities or net assets arising from the re-measurement of defined benefit plans
2.      Share of other comprehensive income of investee that cannot be reclassified to profit and loss under equity method
(2) Other comprehensive income that will be reclassified to profit and loss in subsequent periods	-22,835	9,129	13,340	8,233
1.      Share of other comprehensive income of investee that will be reclassified to profit and loss under equity method in subsequent periods	-22,835	9,129	13,340	8,233
2.      Gains and losses from changes in fair value of available-for-sale financial assets
3.      Gains and losses from held-to-maturity investment reclassified as available-for-sale financial assets
4.      Effective portion of hedging gains and losses from cash flows
5.      Exchange differences from retranslation of financial statements
6.      Others
6.     Total comprehensive income	2,275,949	832,907	5,033,742	4,957,482

Person-in-charge of the Company: Chen Jinhang
Person-in-charge of accounting matters: Liu Quancheng
Person-in-charge of the accounting institution: Sun Yanwen     

Consolidated Cash Flow Statement
January 2015 to September 2015
Prepared by: Datang International Power Generation Co., Ltd.
Unit: RMB'000 Currency: RMB Audit Type: Unaudited
Item	Amount for the period from the beginning of the year to the end of the reporting period (Jan - Sep)	Amount for the period from the beginning of the previous year to the end of the corresponding period of the previous year (Jan - Sep)
1.       Cash flows generated from operating activities:
Cash received from sales of goods and services rendered	62,476,977	66,689,106
Refund of taxes and levies	120,814	135,885
Other cash received relating to operating activities	1,328,134	1,499,052
Sub-total of cash inflows generating from operating activities	63,925,925	68,324,043
Cash paid for goods and services received	30,573,484	34,156,162
Cash paid to and on behalf of employees	2,899,898	2,335,756
Payments of all types of taxes	7,658,686	6,827,505
Other cash paid relating to operating activities	1,190,147	2,422,254
Sub-total of cash outflows from operating activities	42,322,215	45,741,677
Net cash flows generated from operating activities	21,603,710	22,582,366
2.       Cash flows generated from investing activities:
Cash received on disposals of investments	1,361,614	515,791
Cash received on investment income	519,549	261,621
Net cash received from disposals of fixed assets, intangible assets and other long-term assets	682,614	1,075
Net cash received from disposals of subsidiaries and other operating units	377
Other cash received relating to investing activities	1,169,537	380,910
Sub-total of cash inflows from investing activities	3,733,691	1,159,397
Cash paid to acquire fixed assets, intangible assets and other long-term assets	11,719,624	14,052,811
Cash paid to acquire investments	69,220	1,435,131
Other cash paid relating to investing activities	342,557	247,553
Sub-total of cash outflows generated from investing activities	12,131,401	15,735,495
Net cash flows generated from investing activities	-8,397,710	-14,576,098
3.       Cash flows generated from financing activities:
Cash received from investments	590,700	326,687
Including: Cash received from minority shareholders' equity investment in subsidiaries	590,700	326,687
Cash received from borrowings	54,924,073	55,163,518
Cash received from issuing bonds
Other cash received relating to financing activities	10,577,197	315,658
Sub-total of cash inflows generated from financing activities	66,091,970	55,805,863
Cash paid on repayments of borrowings	64,652,912	49,841,501
Cash paid for dividends, profit appropriation or interest expenses	11,429,521	11,324,478
Including: Cash paid for dividends and profit                            appropriation by the subsidiaries for the                     minority shareholders	1,195,199	1,837,070
Other cash paid relating to financing activities	2,717,105	1,269,924
Sub-total of cash outflows generated from financing activities	78,799,538	62,435,903
Net cash flows generated from financing activities	-12,707,568	-6,630,040
4.       Effect of foreign exchange rate changes on cash and cash equivalents	-26,414	-16,094
5.       Net increase in cash and cash equivalents	472,018	1,360,134
Add:     Cash and cash equivalents at the                         beginning of the reporting period	5,013,275	7,880,844
6.       Cash and cash equivalents at the end of the reporting period	5,485,293	9,240,978

Person-in-charge of the Company: Chen Jinhang
Person-in-charge of accounting matters: Liu Quancheng
Person-in-charge of the accounting institution: Sun Yanwen                

Consolidated Cash Flow Statement of the Parent Company
January 2015 to September 2015
Prepared by: Datang International Power Generation Co., Ltd.
Unit: RMB'000 Currency: RMB Audit Type: Unaudited
Item	Amount for the period from the beginning of the year to the end of the reporting period (Jan - Sep)	Amount for the period from the beginning of the previous year to the end of the corresponding period of the previous year (Jan - Sep)
1.      Cash flows generated from operating activities:
Cash received from sales of goods and services rendered	9,056,114	8,178,101
Other cash received relating to operating activities	541,737	484,480
Sub-total of cash inflows generating from operating activities	9,597,851	8,662,581
Cash paid for goods and services received	4,523,306	3,929,083
Cash paid to and on behalf of employees	809,723	724,100
Payments of all types of taxes	1,088,644	616,684
Other cash paid relating to operating activities	132,544	1,023,891
Sub-total of cash outflows from operating activities	6,554,217	6,293,758
Net cash flows generated from operating activities	3,043,634	2,368,823
2.      Cash flows generated from investing activities:
Cash received on disposals of investments	8,395,080	5,342,797
Cash received on investment income	4,709,371	3,904,822
Other cash received relating to investing activities	22,772	1,357
Sub-total of cash inflows from investing activities	13,127,223	9,248,976
Cash paid to acquire fixed assets, intangible assets and other long-term assets	488,950	964,874
Cash paid to acquire investments	8,529,964	10,389,094
Net cash paid on acquisition of subsidiaries and other operating entities
Other cash paid relating to investing activities	283,845	173,291
Sub-total of cash outflows generated from investing activities	9,302,759	11,527,259
Net cash flows generated from investing activities	3,824,464	-2,278,283
3.      Cash flows generated from financing activities:
Cash received from borrowings	31,006,216	21,680,000
Other cash received relating to financing activities	112,429	150,196
Sub-total of cash inflows generated from financing activities	31,118,645	21,830,196
Cash paid on repayments of borrowings	35,676,216	20,437,200
Cash paid for dividends, profit appropriation or interest expenses	3,541,303	3,355,089
Other cash paid relating to financing activities	25,063	14,825
Sub-total of cash outflows generated from financing activities	39,242,582	23,807,114
Net cash flows generated from financing activities	-8,123,937	-1,976,918
4.      Effect of foreign exchange rate changes on cash and cash equivalents		-993
5.      Net increase in cash and cash equivalents	-1,255,839	-1,887,371
Add:       Cash and cash equivalents at the                          beginning of the reporting period	2,179,471	4,857,668
6.      Cash and cash equivalents at the end of the reporting period	923,632	2,970,297

Person-in-charge of the Company: Chen Jinhang
Person-in-charge of accounting matters: Liu Quancheng
Person-in-charge of the accounting institution: Sun Yanwen

4.2     Audit report

    Applicable        Not applicable