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In the first three quarters of 2009, the net profit attributable to shareholders amounted to 4.13 billion yuan, with earnings per share reaching 0.34 yuan.
Main reasons for the big increase in profits are operation of new generation capacity, decrease in fuel cost and adjustment in electricity price in the second half of 2008.
Its return on investment grew 93.15 percent over the year-earlier period because of the profit rally of its affiliated companies.
Its financial assets available for sale in the period surged 81.9 percent over the beginning of the year due to the change in the market value of China Yangtze Power Co., Ltd (600900.SH) shares held by Huaneng International.
Huaneng predicted that it would be able to turn losses into gains for the entire year of 2009 if no major unfavorable change occurred to the power coal price electricity price in the fourth quarter.
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