|Bid||13.81 x 800|
|Ask||14.54 x 900|
|Day's Range||14.12 - 14.27|
|52 Week Range||12.79 - 19.64|
|Beta (5Y Monthly)||0.55|
|PE Ratio (TTM)||13.20|
|Forward Dividend & Yield||0.78 (5.41%)|
|Ex-Dividend Date||Jul 01, 2020|
|1y Target Est||12.31|
Huaneng Power International, Inc. ("HPI", the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its electricity sold for the first quarter of 2021.
Huaneng Power International, INC (hereinafter referred to as "Huaneng International" or the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) is pleased to announce the audited operating results of the Company for the year ended 31 December 2020 prepared in accordance with IFRS(International Financial Reporting Standards): the Company realized consolidated operating revenue of RMB169.446 billion (calculated based on the conversion price of USD to RMB on December 31, 2020, 1 US dollar to RMB6.5249, equivalent to approximately US $25.969 billion), representing a decrease of 2.62% compared to the same period last year, and net profit attributable to equity holders of the Company amounted to RMB2.378 billion (equivalent to approximately US $0.364 billion), representing an increase of 210.28% as compared with the same period last year. Earnings per share amounted to RMB0.04 (equivalent to approximately US $0.006). Earnings per American Depositary Share (ADS) amounted to RMB1.55 (equivalent to approximately US$0.237). The main reason for the increase of the Company's net profit was the year-on-year decrease in domestic coal purchase prices and financial expenses. The Board is satisfied with the Company's results last year.
On Monday Baidu Inc (NASDAQ: BIDU) announced it had signed a memorandum of understanding with China's Huaneng Power International Inc., one of the five largest state-owned electricity generating companies in China. What Happened: Huaneng will utilize Baidu’s expertise in artificial intelligence and the internet to digitally transform its electricity and power operations into a new generation automated and intelligent financial shared services platform, according to a report. The Baidu AI and cloud computing technology will also enable Huaneng to increase its energy production, while making its operations cleaner and more environmentally friendly. Why It Matters: China’s power plants have helped it to greatly grow its economy, but are also a big cause of pollution in the country. China’s new Ministry of Ecology and Environment is focused on enacting new policies to help entities in the power and manufacturing sector digitalize operations in order to meet China’s climate goals. What’s Next: Baidu’s AI technology has helped it to land partnerships across a variety of sectors, from finance to transportation, and in January it announced a partnership with Volvo parent Geely Automobile Holdings Ltd (OTC: GELYF) to create a smart electric vehicle. This recent partnership with China’s Huaneng is another step towards the Chinese government’s most recent five-year plan to completely digitalize its economy. (Photo of Shanghai, China, at night by Li Yang on Unsplash) See more from BenzingaClick here for options trades from BenzingaBlackBerry Reports Rise In Cybercrime Since Onset Of COVID-19 Pandemic4 Workday Analysts Break Down Earnings, Look Ahead To Fiscal 2022© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.