HUADIAN POWER 01071·

Gross margin ------------------------------------------------------------14.95%--20.64%5.68%26.79%6.16%8.32%18.47%11.44%3.11% Net margin -------------------------------------------------------------5.08%---0.85%4.22%4.18%5.04%5.31%1.12%6.52%1.21% ROE -------------------------------------------------------------5.10%---0.02%5.08%6.42%6.45%8.43%2.01%8.78%0.34% ROA -------------------------------------------------------------2.31%---0.40%1.91%2.15%2.55%2.83%0.68%3.11%0.28% Revenue growth ----------------------------------------------------------------4.74%--9.83%5.09%21.59%11.76%-10.95%32.54% Attributable profit growth ----------------------------------------------------------------99.56%--32226.06%32126.50%30.13%32195.93%1.39%28.74% Debt-to-assets ------------------------------------------------------------65.68%--67.81%2.13%62.07%5.74%62.55%0.48%61.36%1.19% Current ratio ------------------------------------------------------------0.45--0.460.010.450.010.440.010.380.06 Operating cash flow / net profit ------------------------------------------------------------2.10---5.988.081.947.932.590.653.310.72 Operating cash flow / revenue -------------------------------------------------------------10.65%--5.11%15.76%8.13%3.01%13.75%5.62%21.60%7.85%

Net margin 8.26%--7.74%0.52%---- Revenue growth -----9.49%------ Attributable profit growth -----20.47%------ Debt-to-assets ----60.68%------ Current ratio ----0.37------ Operating cash flow / net profit 3.12--2.170.95---- Operating cash flow / revenue 25.79%--16.83%8.97%17.64%--

Revenue ------------------------------------------------------------101.17B--105.96B4.74%116.38B9.83%141.50B21.59%126.01B10.95% Other income and gains ------------------------------------------------------------------------962.03M--747.40M22.31% Gross profit ------------------------------------------------------------15.13B--21.87B44.55%31.18B42.60%11.78B62.23%14.41B22.36% Selling and distribution expenses ------------------------------------------------------------------------2.97M--2.23M24.89% Administrative expenses ------------------------------------------------------------4.83B--2.70B44.15%1.81B32.95%2.31B27.81%2.23B3.42% Net finance costs ------------------------------------------------------------4.35B--4.13B5.09%3.68B11.02%3.78B2.85%3.16B16.37% Income tax ------------------------------------------------------------1.77B--631.39M64.42%974.26M54.30%2.26B131.56%2.43B7.77% Operating profit -------------------------------------------------------------14.44B---4.18B71.03%4.10B198.01%13.55B230.34%13.81B1.94% Share of associates and JVs ------------------------------------------------------------2.49B--4.80B92.84%3.76B21.64%-------- Profit before tax -------------------------------------------------------------6.91B---1.54B77.77%5.84B480.16%9.77B67.14%10.65B9.03% Net profit -------------------------------------------------------------5.14B---905.53M82.37%4.87B637.63%7.51B54.25%8.22B9.41% Net profit attributable to owners -------------------------------------------------------------3.26B---14.32M99.56%4.60B32226.06%5.99B30.13%6.07B1.39%

Revenue 59.95B--54.26B9.49%85.69B-- Cost of sales 53.52B--47.92B10.48%---- Selling and distribution expenses 1.63M--1.84M13.10%---- Administrative expenses 829.13M--788.74M4.87%---- Net finance costs 1.63B--1.47B10.15%---- Income tax 989.19M--1.09B10.65%---- Operating profit 5.87B--4.85B17.37%---- Share of associates and JVs 2.48B--1.26B49.07%---- Profit before tax 5.94B--5.30B10.89%6.83B-- Net profit 4.95B--4.20B15.19%---- Net profit attributable to owners 3.90B--3.10B20.47%3.91B--

Cash and cash equivalents ------------------------------------------------------------5.95B--5.91B0.63%5.17B12.48%6.86B32.69%6.98B1.78% Trade and bills receivables ------------------------------------------------------------9.27B--12.39B33.72%12.34B0.43%15.22B23.36%11.81B22.39% Inventories ------------------------------------------------------------6.13B--3.94B35.78%4.50B14.30%5.80B28.90%5.44B6.24% Total current assets ------------------------------------------------------------29.59B--29.23B1.23%28.58B2.22%35.38B23.77%32.71B7.53% Total assets ------------------------------------------------------------222.46B--226.80B1.95%226.48B0.14%265.40B17.19%264.23B0.44% Total current liabilities ------------------------------------------------------------65.66B--63.09B3.92%63.20B0.17%80.24B26.97%86.52B7.83% Total liabilities ------------------------------------------------------------146.12B--153.79B5.25%140.57B8.60%166.02B18.10%162.14B2.33% Equity attributable to owners ------------------------------------------------------------63.79B--61.41B3.74%71.64B16.66%71.00B0.89%69.16B2.59% Total equity ------------------------------------------------------------76.35B--73.01B4.38%85.90B17.66%99.38B15.70%102.09B2.72%

Cash and cash equivalents ----6.00B------ Trade and bills receivables ----10.90B------ Inventories ----5.14B------ Total current assets ----31.76B------ Total assets ----261.27B--260.45B-- Total current liabilities ----86.15B------ Total liabilities ----158.53B------ Equity attributable to owners ----70.76B--71.07B-- Total equity ----102.74B------

Net cash from operating activities -------------------------------------------------------------10.77B--5.42B150.31%9.46B74.56%19.46B105.68%27.22B39.90% Net cash from investing activities -------------------------------------------------------------13.74B---8.51B38.07%-9.29B9.22%-10.33B11.20%-14.26B38.00% Net cash from financing activities ------------------------------------------------------------23.96B--3.05B87.26%-903.72M129.61%-8.86B880.79%-12.79B44.33% Net change in cash -------------------------------------------------------------553.34M---37.45M93.23%-737.34M1868.75%258.99M135.12%165.71M36.02%

Net cash from operating activities 15.46B--9.13B40.95%15.12B-- Net cash from investing activities -5.37B---3.62B32.46%---- Net cash from financing activities -10.16B---6.47B36.27%----