Edgar Filing: HUANENG POWER INTERNATIONAL INC

form6k.htm

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 October, 2008,

(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 ü 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 ü

(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:

1.	an announcement of the third quarterly report of 2008 Huaneng Power International, Inc. (the "Registrant"), made by the Registrant on October 22, 2008;

2.	an announcement regarding an estimated loss in 2008 of the Registrant, made by the Registrant on October 22, 2008; and

3.	a press release for the results for the first three quarters of 2008 of the Registrant, made by the Registrant on October 21, 2008.

(a Sino-foreign joint stock limited company incorporated in the People’s Republic of China)

(Stock Code: 902)

Third Quarterly Report of 2008

Overseas Regulatory Announcement

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 Rules 13.09 (1) and (2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

1.	IMPORTANT NOTICE

1.1	The board of directors and the supervisory committee of the Company together with the members thereof and the senior management warrant that the information contained in this report does not contain any false statements, misleading representations or material omissions. All of them jointly and severally accept responsibility as to the truthfulness, accuracy and completeness of the content of this report.

1.2	All financial information set out in this quarterly report is unaudited and prepared in accordance with the PRC GAAP.

1.3	Mr. Cao Peixi (Chairman), Ms. Zhou Hui (person in charge of accounting function) and Mr. Huang Lixin (person in charge of the Financial Department) warrant the truthfulness and completeness of the content of the third quarterly report of 2008.

1.4	This announcement is made pursuant to Rules 13.09 (1) and (2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

2.	COMPANY PROFILE

2.1	Major financial information and financial indicators (PRC GAAP)
	(unaudited)

(Amounts: In Rmb Yuan)

	End of current reporting period	End of last year	Variance from end of last year (%)

Total Assets	162,017,713,229.00	122,139,350,408.00	32.65
Owners’ equity Shareholders’ equity)	38,482,015,059.00	46,119,679,303.00	-16.56
Net assets per share attributable to shareholders of the listed company	3.19	3.83	-16.71

	From the beginning of the year to the end of current reporting period	Variance from equivalent period of last year (%)**
	(January-September)

Net cash inflow from operating activities	2,282,040,138.00	-75.71
Net cash inflow from operating activities per share	0.19	-75.64

	Current reporting period	From the beginning of the year to the end of current reporting period	Variance from equivalent period of last year (%)**
	(July-September)	(January-September)

Net profit attributable to shareholders of the listed company	-2,160,022,015.00	-2,630,349,288.00	-158.14
Basic earnings per share	-0.18	-0.22	-157.89
Basic earnings per share after deducting non-recurring items	—	-0.23	—
Diluted earnings per share	-0.18	-0.22	-157.89
Fully diluted return on net assets (%)	-5.61	-6.84	Decreased by 16.85 percent
Fully diluted return on net assets after deducting non-recurring items (%)	-5.70	-7.07	Decreased by 15.96 percent

Non-recurring items***	Total amount from the beginning of the period to the end of current reporting period
	(January-September)

Gains from disposal of non-current assets	559,119
Government grant recorded in profit and loss account, excluding government grant closely related to the Company’s business and calculated according to national unified standards	111,329,728
Other net non-operating losses excluding the above	-22,053,894
	－－－－－－－

Total	89,834,953
	=============

All financial information and indicators relating to equity and profit described above are attributable to the ordinary shareholders of the Company.

The comparative consolidated profit and loss account and consolidated cash flow statement, and financial indicators relating to the comparative net profit, net cash inflow from operating activities have been restated.

***

The non-recurring items have excluded income tax impact.

2.2	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: 136,775 (including 136,131 holders of A shares).

	Ten largest holders of shares in circulation without any selling restrictions

Name of shareholder (full name)	Number of shares in circulation without any selling restrictions as at the end of the reporting period	Type of shares

Hebei Provincial Construction Investment Company	603,000,000	A shares
Jiangsu Provincial Investment & Management Limited Liability Company	416,500,000	A shares
Fujian Investment Enterprise Holdings Company	374,466,667	A shares
Horizon Asset Management, Inc.	347,778,000	H shares
Liaoning Energy Investment (Group) Limited Liability Company	332,913,333	A shares
Dalian Municipal Construction Investment Company	301,500,000	A shares
Nantong Investment Management Limited Company	90,500,000	A shares
Minxin Group Limited Company	72,000,000	A shares
Kinetic Asset Management, Inc.	64,524,360	H shares
Invesco Power Shares Capital Management, LLC	40,138,240	H shares

3	Significant Events

3.1	Disclosure as to, and reasons for, material changes in accounting items and financial indices of the Company

þ Applicable o Not Applicable

	(1)	Mainly because parts of notes receivables were due, notes receivable as at the end of the reporting period decreased by 51.23% as compared to the beginning of the year.

	(2)	Mainly because of advances to fuel suppliers increasing significantly, advances to suppliers as at the end of the reporting period increased by 109.15% as compared to the beginning of the year.
	(3)	Mainly because fixed deposit at the beginning of the year were due and deposit interests recognized according to the accrual basis were credited into the account, interest receivable as at the end of the reporting period decreased by 41.47% as compared to the beginning of the year.

	(4)	Mainly because of the expansion of the operating scale of the Company and its subsidiaries, other receivable as at the end of the reporting period increased by 81.21% compared to the beginning of the year.

	(5)	Mainly because of the increase in value of coal inventories, the inventories as at the end of the reporting period increased by 145.31％ as compared to the beginning of the year.

	(6)	Mainly because of capital expenditure for construction projects, the Construction-in-progress as at the end of the reporting period increased by 43.32％ as compared to the beginning of the year.

	(7)	Mainly because of capital expenditure for construction projects, the construction materials as at the end of the reporting period increased by 131.27％ as compared to the beginning of the year.

	(8)	Mainly because of the expansion of the operating scale of the Company and its subsidiaries, the intangible assets as at the end of the reporting period increased by 188.49% as compared to the beginning of the year.

	(9)	Mainly because financial statements of SinoSing Power were consolidated, the goodwill as at the end of the reporting period increased by 8254.55% as compared to the beginning of the year.

	(10)	Mainly because financial statements of SinoSing Power were consolidated, the long-term deferred expenses as at the end of the reporting period increased by 134.92% as compared to the beginning of the year.

	(11)	Mainly because of the deferred tax assets recognized due to the loss of the company and its subsidiaries, the deferred income tax assets as at the end of the reporting period increased by 88.06% as compared to the beginning of the year.

	(12)	Mainly because of the expansion of the operating scale of the Company and its subsidiaries, the short-term loans as at the end of the reporting period increased by 235.57% as compared to the beginning of the year.

	(13)	Mainly because parts of notes payable were due and settled accordingly, the notes payable as at the end of the reporting period decreased by 87.35% as compared to the beginning of the year.

	(14)	Mainly because of accounts payable for fuel purchase increasing greatly, accounts payable as at the end of the reporting period increased by 86.40% as compared to the beginning of the year.

	(15)	Mainly due to the fact that the Company and its subsidiaries made tax payment interperiodly, taxes payable as at the end of the reporting period decreased by 84.24% as compared to the beginning of the year.

	(16)	Mainly due to the fact that the debt increased as a result of the expansion of the operating scale of the Company and its subsidiaries and the interests recognized according to accrual basis increased, interest payable as at the end of the reporting period increased by 259.05% as compared to the beginning of the year.

	(17)	Mainly due to the fact that the dividends were not paid completely, dividends payable as at the end of the reporting period increased by 366.95% as compared to the beginning of the year.

	(18)	Mainly due to the fact that the current portion of debts increased, the current portion of non-current liabilities as at the end of the reporting period increased by 82.04% as compared to the beginning of the year.

	(19)	Mainly due to the fact that the second-round corporate bonds were issued, the bonds payable as at the end of the reporting period increased by 67.02% as compared to the beginning of the year.

	(20)	Mainly because financial statements of Sinosing were consolidated, the deferred income tax liabilities as at the end of the reporting period increased by 119.37% as compared to the beginning of the year.

	(21)	Other non-current liabilities as at the end of reporting period increased by 71.88% as compared to the beginning of the year. This was mainly due to the VAT refund relating to domestically manufactured equipment.

	(22)	Undistributed profits as at the end of the reporting period decreased by 36.21% as compared to the beginning of the year. This was mainly due to the net loss of this reporting period and appropriation of the dividends of last year.

	(23)	Mainly because of the expansion of the scale of the Company and its subsidiaries, the operating revenue for the reporting period increased by 36.75% compared to the same period last year.

	(24)	Mainly due to the rise of coal prices as well as the expansion of the operating scale of the Company and its subsidiaries, the operating costs for the reporting period increased 68.82% as compared to the same period last year.

	(25)	Mainly due to the cessation of capitalizing borrowing costs in relation to projects under construction upon completion of certain projects, the expansion of the operating scale of the Company and the increase of the interest rate, financial expenses increased 68.19% as compared to the same period last year.

	(26)	Investment income for the reporting period decreased by 74.50% as compared to the same period last year. This was mainly due to the disposal of available-for-sale financial assets for the same period last year and there was no such transaction for the reporting period.

	(27)	Non-operating income for the reporting period increased by 686.71% as compared to the same period last year. This was mainly due to the financial subsidy interest from government for coal purchase and the resettlement compensation for the closing of a power plant.

	(28)	Mainly due to the donation to disaster area, non-operating expenses increased by 98.26% as compared to the same period last year.

	(29)	Income tax for the reporting period decreased by 101.24% as compared to the same period last year. This was mainly due to the loss before taxation for the reporting period.

	(30)	Mainly due to the net loss of the reporting period, the net profit attributable to the shareholders of the Company for the reporting period decreased by 158.14% as compared to the same period last year.

	(31)	Profit attributable to the minority interests decreased by 262.93% as compared to the same period last year. This was mainly due to the net loss of the subsidiaries of the Company.

3.2	The progress on significant events and their impact as well as the analysis and explanations for their solutions

o Applicable

þ Not Applicable

3.3	Status of performance of undertakings given by the Company, shareholders and de facto controller

o Applicable

þ Not Applicable

China Huaneng Group and Huaneng International Power Development Corporation undertook not to trade their shares in the Company which are subject to non-disposal restriction on the market within 60 months starting from 19 April 2006. Since the implementation on 19 April 2006, China Securities Registration and Settlement Limited Liability Company (Shanghai branch) has been entrusted to hold such shares for the lock-up arrangement.

3.4

Disclosure as to, and reasons for, the warning in respect of 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 any significant changes in profit as compared with that of the corresponding period of last year

þ Applicable

o Not Applicable

It is anticipated that the loss will increase in the next reporting period if prices of fuel coal will continue to stay at high levels in the fourth quarter while no new tariff adjustment is introduced.

3.5	Investment in securities

þ Applicable

o Not Applicable

No.	Stock code	Abbreviation	Shareholding at the end of the reporting period (10,000 shares)	Initial investment amount (RMB)	Book value at the end of the reporting period (RMB)	Book value at the begining of the reporting period (RMB)	Accounting treatment
1	600900	China Yangtze Power Co., Ltd.	17,170.65	1,098,869,597	2,463,988,275	3,346,559,685	Available-for-sales financial assets
Total			—	1,098,869,597	2,463,988,275	3,346,559,685	—

For details of the unaudited balance sheet (PRC GAAP) as at 30 September 2008, unaudited profit and loss account (PRC GAAP) for the nine months and third quarter ended 30 September 2008 and the unaudited cash flow statement (PRC GAAP) for the nine months ended 30 September 2008, please visit the Shanghai Stock Exchange’s website: www.sse.com.cn.

By Order of the Board

Huaneng Power International, Inc.

Cao Peixi

Chairman

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

Cao Peixi

(Executive Director)

Huang Long

(Non-executive Director)

Wu Dawei

(Non-executive Director)

Huang Jian

(Non-executive Director)

Liu Guoyue

(Executive Director)

Fan Xiaxia

(Executive Director)

Shan Qunying

(Non-executive Director)

Xu Zujian

(Non-executive Director)

Huang Mingyuan

(Non-executive Director)

Liu Shuyuan

(Non-executive Director)

Liu Jipeng

(Independent Non-executive Director)

Yu Ning

(Independent Non-executive Director)

Shao Shiwei

(Independent Non-executive Director)

Zheng Jianchao

(Independent Non-executive Director)

Wu Liansheng

(Independent Non-executive Director)

Beijing, the PRC

22 October 2008

(a Sino-foreign joint stock limited company incorporated in the People’s Republic of China)

(Stock Code: 902)

Announcement regarding an Estimated Loss in 2008

This announcement is made by Huaneng Power International, Inc. (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 estimate contained in this announcement is only a preliminary estimate of the Company and is not audited by the Company´s certified public accountants. Detailed financial information of the Company will be disclosed in the 2008 Annual Report of the Company. Potential investors and shareholders of the Company should exercise caution when dealing in the shares of the Company.

The Company and all the members of the Board of Directors hereby confirm the truthfulness, accuracy and completeness of the contents of this announcement and jointly accept full responsibility for any false representation, misleading statement or material omission herein contained.

I. Estimated results for the reporting period

Period to which the estimated results applies: From 1 January 2008 to 31 December 2008;

Estimated results: Based on a preliminary estimate by the Company, it is expected that the Company may record an unaudited loss for the period from 1 January 2008 to 31 December 2008;

The estimated results have not been audited or reviewed by certified public accountants.

II.	Results of the corresponding period last year (Based on the Accounting Standard of the People’s Republic of China)

Net profit attributable to the Company´s shareholders: RMB5,997,058,661;

Earnings per share (based on the net profit attributable to the Company´s shareholders): RMB0.50.

III. Reasons for the change in the results

The loss is mainly due to the reason that prices of fuel coal stay at high levels after a substantial increase of the prices. Although power tariffs have been adjusted upwards two times during the period, the increment is still unable to offset the rise of fuel costs. In case that the prices of fuel coal continue to stay at high levels in the fourth quarter while no new tariff

adjustment is introduced, the principal business will suffer a loss.

IV. Risk Warning

Detailed financial information will be disclosed in the 2008 Annual Report of the Company. Potential investors and shareholders of the Company should exercise caution when dealing in the shares of the Company.

By Order of the Board

Gu Biquan

Company Secretary

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

Cao Peixi

(Executive Director)

Huang Long

(Non-executive Director)

Wu Dawei

(Non-executive Director)

Huang Jian

(Non-executive Director)

Liu Guoyue

(Executive Director)

Fan Xiaxia

(Executive Director)

Shan Qunying

(Non-executive Director)

Xu Zujian

(Non-executive Director)

Huang Mingyuan

(Non-executive Director)

Liu Shuyuan

(Non-executive Director)

Liu Jipeng

(Independent Non-executive Director)

Yu Ning

(Independent Non-executive Director)

Shao Shiwei

(Independent Non-executive Director)

Zheng Jianchao

(Independent Non-executive Director)

Wu Liansheng

(Independent Non-executive Director)

Beijing, the PRC

22 October 2008

To: Business Editor

[For Immediate Release]

HUANENG POWER INTERNATIONAL, INC.

Announces Results for the First Three Quarters of 2008

Net Loss Attributable to the Company’s Equity Holders

Amounted to RMB2.63 billion

(Beijing, China, October 21, 2008) Huaneng Power International, Inc. (the “Company”) [NYSE: HNP; HKEx: 902; SSE: 600011] today announced its unaudited results for the nine months ended September 30, 2008.

Under the PRC Accounting Standards, for the first three quarters of 2008, the Company realized consolidated operating revenues of RMB50.12 billion, representing an increase of 36.75% over the same period last year. Net loss attributable to equity holders of the Company amounted to RMB2.63 billion.

In the first three quarters of 2008, newly operated generating units and newly acquired generating units provided strong support to the growth of the Company’s power generation. Meanwhile, continued growth in electricity demand in the regions where the Company’s power plants are located provided room for an increase in power generation. The Company’s total domestic power generation based on a consolidated basis amounted to 140.375 billion kWh, an increase of 12.73% over the same period last year. Power generation of Tuas Power Ltd. in Singapore amounted to 7.521 billion kWh for the first three quarters of 2008, representing an increase of 0.14% over the same period last year (i.e. 7.510 billion kWh). Among the power generation of Tuas Power, power generation attributable to the Company (commencing from 25 March 2008, the date on which the accounts were consolidated) amounted to 5.264 billion kWh. However, since the prices of thermal coal remained at high levels and the tariff adjustments failed to compensate the rise in fuel costs, the Company continued to record a loss in the third quarter of 2008,　thereby increasing the amount of loss for the first three quarters.

Based on a preliminary estimate by the Company, it is expected that the Company may record an unaudited loss in 2008. The loss is mainly due to the reason that prices of fuel coal stay at high levels after a substantial increase of the prices. Although power tariffs have been adjusted upwards two times during the period, the increment is still unable to offset the rise of fuel costs. In case that the prices of fuel coal continue to stay at high levels in the fourth quarter while no new tariff adjustment is introduced, the principal business of the Company will suffer a loss. Detailed financial information will be disclosed in the 2008 Annual Report of the Company. Potential investors and shareholders of the Company should exercise caution when dealing in the shares of the Company.

Huaneng Power International, Inc. has a total generation capacity of 37,593MW on an equity basis and a controlling installed generation capacity of 40,989MW. The Company wholly owns sixteen operating power plants, an operating power company, and has controlling interests in thirteen operating power companies and minority interests in five operating power companies. Currently, it is one of the largest listed power producers in China.

Huaneng Power Int’l, Inc. Announces Results for the First Three Quarters of 2008…P.2

Encl:

The unaudited summary financial information of the Company for the nine months ended September 30, 2008. The summary financial information is published under the listing regulations of the China Securities Regulatory Commission. The summary financial information was prepared in accordance with “Accounting Standards for Business Enterprises” of the People’s Republic of China (“PRC GAAP”), which differs from the International Financial Reporting Standards (“IFRS”). No reconciliation with IFRS has been made in the presentation of the summary financial information.

~ The End ~

For enquiries, please contact:

Ms. Meng Jing / Ms. Zhao Lin Ms. Carrie Lam / Mr. Karl Cheung

Huaneng Power International, Inc. Rikes Hill & Knowlton Limited

Tel: (8610) 6649 1856 / 1866 Tel: (852) 2520 2201

Fax: (8610) 6649 1860 Fax: (852) 2520 2241

Email: zqb@hpi.com.cn

HUANENG POWER INTERNATIONAL, INC. AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEET (UNAUDITED)

AS AT 30 SEPTEMBER, 2008

(Amounts expressed in thousands)

	As at 30 September, 2008				As at 31 December, 2007
	Rmb		US$		Rmb
ASSETS

CURRENT ASSETS
Cash		9,661,559		1,417,004		7,532,760
Derivative financial assets		67,068		9,836		-
Notes receivable		816,886		119,808		1,674,933
Accounts receivable		6,832,979		1,002,153		6,201,384
Advances to suppliers		1,123,474		164,773		537,170
Interest receivable		1,320		194		2,254
Other receivables		510,569		74,882		281,758
Inventories		5,689,540		834,451		2,319,290
Current portion of non-current assets		3,387		497		-
Other current assets		56,517		8,290		1,511
Total current assets		24,763,299		3,631,888		18,551,060

NON-CURRENT ASSETS
Available-for-sale financial assets		2,463,988		361,379		3,346,560
Long-term equity investments		8,708,582		1,277,237		8,511,050
Fixed assets		85,821,475		12,586,931		76,062,501
Construction-in-progress		12,617,432		1,850,525		8,803,473
Construction materials		9,435,192		1,383,804		4,079,710
Intangible assets		6,697,782		982,324		2,321,671
Goodwill		10,814,236		1,586,060		129,441
Long-term deferred expenses		179,083		26,265		76,233
Deferred income tax assets		484,545		71,065		257,650
Other non-current assets		32,099		4,708		-
Total non-current assets		137,254,414		20,130,298		103,588,289
TOTAL ASSETS		162,017,713		23,762,186		122,139,349

HUANENG POWER INTERNATIONAL, INC. AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEET (UNAUDITED)

AS AT 30 SEPTEMBER, 2008

(Amounts expressed in thousands)

	As at 30 September, 2008						As at 31 December, 2007
	Rmb			US$			Rmb
LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES
Short-term loans		39,161,975			5,743,657			11,670,400
Derivative financial liabilities		382,398			56,084			-
Notes payable		42,061			6,169			332,544
Accounts payable		3,760,038			551,463			2,017,227
Salary and welfare payables		224,337			32,902			213,403
Taxes payables		150,528			22,077			955,334
Interest payables		650,201			95,361			181,089
Dividends payable		56,734			8,321			12,150
Other payables		5,886,567			863,348			5,702,417
Current portion of non-current liabilities		7,681,301			1,126,571			4,219,515
Other current liabilities		5,432,314			796,726			5,228,039
Total current liabilities		63,428,454			9,302,679			30,532,118

NON-CURRENT LIABILITIES
Long-term loans		43,004,850			6,307,269			33,438,647
Bonds payable		9,830,285			1,441,750			5,885,615
Specific payables		273,617			40,130			277,192
Deferred income tax liabilities		1,689,856			247,841			770,319
Other non-current liabilities		807,335			118,407			469,716
Total non-current liabilities		55,605,943			8,155,397			40,841,489
TOTAL LIABILITIES		119,034,397			17,458,076			71,373,607

SHAREHOLDERS' EQUITY
Share capital		12,055,383			1,768,092			12,055,383
Capital surplus		9,818,550			1,440,029			10,700,531
Surplus reserves		6,142,345			900,862			6,142,345
Undistributed profits		10,984,736			1,611,067			17,221,419
Translation reserve		(519,000	)		(76,120	)		-
Shareholder's equity attributable to shareholders of the Company		38,482,014			5,643,930			46,119,678
Minority interests		4,501,302			660,180			4,646,064
Total shareholders' equity		42,983,316			6,304,110			50,765,742
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY		162,017,713			23,762,186			122,139,349

For the convenience of the reader, translation of amounts from Renminbi (Rmb) into United States dollars (US$) has been made at the rate of US$1.00=Rmb6.8183 announced by the People's Bank of China on 30 September, 2008. No representation is made that Renminbi amounts could have been, or could be, converted into United States dollars at that rate as of 30 September 2008, or at any other certain rate.

HUANENG POWER INTERNATIONAL, INC. AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF INCOME (UNAUDITED)

FOR THE NINE MONTHS ENDED 30 SEPTEMBER, 2008

(Amounts expressed in thousands, except per share data)

			For the nine months ended 30 September
			2008						2007
			Rmb			US$			Rmb
									(Restated)

1. Revenues from operations				50,119,579			7,350,744			36,651,606
Less:	Cost of operations			(49,808,938	)		(7,305,184	)		(29,503,944	)
	Tax and levies on operations			(83,921	)		(12,308	)		(114,525	)
	Selling expenses			(1,314	)		(193	)		-
	General and administrative expenses			(1,371,053	)		(201,084	)		(1,143,631	)
	Financial expenses, net			(2,415,826	)		(354,315	)		(1,436,324	)
	Assets impairment loss			63,747			9,349			(5,283	)
	Loss from the changes in fair value			(76,795	)		(11,263	)		(100,180	)
Add:	Investment income			342,860			50,285			1,344,649
	Including:	Investment income from associates		291,894			42,810			589,823

2. Operating (loss)/ profit				(3,231,661	)		(473,969	)		5,692,368
Add:	Non-operating income			160,177			23,493			20,360
Less:	Non-operating expenses			(38,998	)		(5,720	)		(19,670	)
	Including:	Loss on disposals of non-current assets		(192	)		(28	)		(15,410	)

3. (Loss) / Profit before taxation				(3,110,482	)		(456,196	)		5,693,058
Less:	Income tax expense			10,887			1,597			(881,081	)

4. Net (loss) / profit				(3,099,595	)		(454,599	)		4,811,977
Including:	net profit generated by acquiree before combination			-			-			98,595
Attributable to:
Equity holders of the Company				(2,630,349	)		(385,778	)		4,523,975
Minority interests				(469,246	)		(68,821	)		288,002

5. Earnings per share(based on the net (loss) profit attributable to shareholders of the Company) (expressed in RMB per share)
- Basic earnings per share				(0.22	)		(0.03	)		0.38
- Diluted earnings per share				(0.22	)		(0.03	)		0.38

HUANENG POWER INTERNATIONAL, INC. AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF INCOME

(UNAUDITED) FOR THE THIRD QUARTER ENDED 30 SEPTEMBER, 2008

(Amounts expressed in thousands, except per share data)

			For the nine months ended 30 September
			2008						2007
			Rmb			US$			Rmb
									(Restated)

1. Revenues from operations				19,329,043			2,834,877			13,116,702
Less:	Cost of operations			(20,463,679	)		(3,001,288	)		(10,561,134	)
	Tax and levies on operations			(25,243	)		(3,702	)		(40,201	)
	Selling expenses			(620	)		(91	)		-
	General and administrative expenses			(515,283	)		(75,574	)		(374,321	)
	Financial expenses, net			(1,177,113	)		(172,640	)		(563,785	)
	Assets impairment loss			61,236			8,982			1,399
	Gains from the changes in fair value			27,185			3,987			-
Add:	Investment income			165,499			24,273			282,110
	Including:	Investment income from associates		114,533			16,798			282,102

2. Operating (loss)/ profit				(2,598,975	)		(381,176	)		1,860,770
Add:	Non-operating income			57,935			8,497			6,455
Less:	Non-operating expenses			(12,967	)		(1,902	)		(4,273	)
	Including:	Loss on disposals of non-current assets		(7	)		(1	)		(583	)

3. (Loss) / Profit before taxation				(2,554,007	)		(374,581	)		1,862,952
Less:	Income tax expense			155,047			22,740			(223,733	)

4. Net (loss) / profit				(2,398,960	)		(351,841	)		1,639,219
Including:	net profit generated by acquiree before combination			-			-			60,059
Attributable to:
Equity holders of the Company				(2,160,022	)		(316,798	)		1,564,264
Minority interests				(238,938	)		(35,043	)		74,955

5. Earnings per share(based on the net (loss) profit attributable to shareholders of the Company) (expressed in RMB per share)
- Basic earnings per share				(0.18	)		(0.03	)		0.13
- Diluted earnings per share				(0.18	)		(0.03	)		0.13

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/ Gu Biquan

Name: Gu Biquan

Title: Company Secretary

Date: October 22, 2008