Estimated increase in Profit

RNS Number : 6389W

Datang Intl Power Generation Co Ld

31 July 2009

 



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

INTERIM RESULTS OF 2009

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 2009 interim 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 contents of this announcement.

I.    Estimated results for the reporting period

1. Period to which the estimated results applies: From 1 January 2009 to 30 June 2009.~
   
2. Estimated results: As estimated by the finance department of the Company, the net profit attributable to the equity holders of the Company as reported on the consolidated statements of the Company for the first half-year of 2009 is expected to increase by more than 50% as compared with the net profit attributable to the equity holders of the Company for the corresponding period last year (restated).
   

3. The figures of the estimated results have not been audited by any certified public accountants.
   
   

II.    Results of the corresponding period last year

 

1.     Net profit attributable to the equity holders of the Company as reported in the consolidated statements (restated): Approximately RMB418,925,000.

 

2.       Earnings per share: RMB0.0357 per share.

III.     Reasons for the change in the results

The main reason for the significant surge in the results for the reporting period is due to the growth in sales revenue resulting from the adjustments to on-grid tariffs and thermal prices. 

IV.     Risk warning

The Company will disclose the financial information in detail in its 2009 interim 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, 31 July 2009

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

Zhai Ruoyu, Hu Shengmu, Cao Jingshan, Fang Qinghai, Zhou Gang, Liu Haixia, Guan Tiangang, Su Tiegang, Ye Yonghui, Li Gengsheng, Xie Songlin*, Liu Chaoan*,Yu Changchun*, Xia Qing* and Li Hengyuan*.

* Independent non-executive directors

 

END

 

 

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