As of June 30, 2024, Huaneng Power (00902.HK) and its subsidiaries achieved a combined operating income of RMB 118.806 billion, a year-on-year decrease of 5.73%. The net income attributable to shareholders was RMB 7.775 billion, an increase of 19.80% year-on-year, with earnings per share of RMB 0.40 and net assets per share (excluding minority shareholder interests and other equity instruments) of RMB 3.97.
In the first half of the year, the company focused on annual targets, seized market opportunities, advanced production and operation, reform and development in a scientific manner. While achieving year-on-year growth in operating performance, the company actively fulfilled its responsibilities of providing sufficient, reliable, and eco-friendly electricity to society.
In the first half of the year, the company's operating power plants in China cumulatively achieved a grid-connected power output of 210.678 billion kWh based on the consolidated statement, a year-on-year decrease of 0.22%; with the average utilization hours of domestic power plants being 1,680 hours, down 120 hours year-on-year; and the proportion of market-oriented trading electricity volume was 86.91%, down 0.77 percentage points from the same period of last year.
The main reasons for the company's decrease in power output were: to ensure power supply during peak summer periods, the company proactively optimized the operating mode of units, and arranged maintenance time reasonably, resulting in a year-on-year decrease in thermal power generation. The company vigorously promoted green and low-carbon development, with wind and photovoltaic installation capacity continuing to grow, and the new energy generation growing rapidly year-on-year, narrowing the cumulative power generation decline.
In the first half of the year, the company seized market opportunities, scientifically optimized its procurement strategy, actively bolstered the basis of long-term contract resources to ensure supply and control price, and continuously optimized the coal storage structure, with remarkable effect in fuel cost control. By the first half of 2024, the company had purchased a total of 97.5833 million tons of coal, a decrease of 6.82% year-on-year, with an average tax-excluded price of RMB 1,010.32/ton, down 11.20% year-on-year.
In the first half of the year, the average equivalent availability factor of thermal power units in domestic power plants of the company was 91.61%, the production and supply coal consumption was 291.09 g/kWh, the plant-use electricity rate was 4.39%, and the energy consumption index continued to maintain a good level. In terms of atmospheric pollutant emissions, all power generation enterprises affiliated with the company have implemented ultra-low emission transformation, and pollutant emission indicators meet or exceed national standards. As for wastewater discharge, coal yard and ash yard dust control, the company has implemented corresponding technical renovation projects in key areas of power plants, which have been progressing in an orderly manner according to the planned schedule, to ensure that the pollutant emission levels of relevant power plants meet the requirements of pollutant discharge permits and ecological environment protection policies.