PDF《华电国际电力股份有限公司》

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华电国际电力股份有限公司Huadian Power International Corporation Limited * (A Sino-foreign investment joint stock company limited by shares incorporated in the People'

s Republic of China (the PRC )) (Stock code: 1071) ANNUAL RESULTS FOR THE FINANCIAL YEAR ENDED

31 DECEMBER

2018 The board of directors (the Board ) of Huadian Power International Corporation Limited (the Company ) hereby announces the consolidated results of the Company and its subsidiaries (the Group ) for the financial year ended

31 December

2018 extracted from the audited consolidated financial statements of the Group prepared in accordance with the International Financial Reporting Standards ( IFRSs ). FINANCIAL AND BUSINESS SUMMARY ? Power generation by the Group in

2018 amounted to approximately 209.85 million MWh, representing an increase of approximately 9.46% over 2017;

the volume of the power sold amounted to approximately 195.99 million MWh, representing an increase of approximately 9.32% over 2017;

? Turnover of the Group in

2018 amounted to approximately RMB87,419 million, representing an increase of approximately 11.41% over 2017;

? Profit for the year attributable to equity holders of the Company in

2018 amounted to approximately RMB1,446 million, representing an increase of approximately 231.65% over 2017;

profit for the year attributable to equity shareholders of the Company in

2018 amounted to approximately RMB1,300 million. ? Basic earnings per share in

2018 was approximately RMB0.132, and the Board proposes to declare a final cash dividend of RMB0.066 per share (tax inclusive, based on the total share capital of 9,862,976,653 shares) for the financial year ended

31 December 2018, totaling approximately RMB650,956,000 (tax inclusive). The dividend distribution proposal is subject to the approval by the shareholders of the Company at the upcoming

2018 annual general meeting (such date has not been determined but will be published by the Company in due course).

2 STATUTORY SURPLUS RESERVE According to the Company'

s articles of association (the Articles of Association ), the Company is required to transfer at least 10% (at the discretion of the Board) of its profit after tax, as determined under the PRC accounting rules and regulations, to its statutory surplus reserve until the surplus reserve balance reaches 50% of its registered capital. The transfer to the statutory surplus reserve must be made before the distribution of dividend to shareholders. The statutory surplus reserve can be used to make up losses (if any) of the previous year and may be converted into share capital by issuance of new shares to shareholders in proportion to their existing shareholdings or by increasing the par value of the shares currently held by them, provided that the balance after the issue of new shares is not less than 25% of the registered share capital. On

27 March 2019, the Board resolved to transfer 10% of the annual profit after tax as determined under the PRC accounting rules and regulations, amounting to RMB75,864,000 (2017: RMB134,437,000), to the statutory surplus reserve. DIVIDENDS Pursuant to a resolution passed at the Board meeting held from