Huaneng Renewables Corporation Limited announced that, based on the preliminary estimate by the company, the net profit attributable to the shareholders of the company to be reported in accordance with the International Financial Reporting Standards for the six months ended 30 June 2013 is expected to increase by more than 100% compared to the corresponding period last year. The net profit attributable to the shareholders of the company as reported in accordance with the IFRS for the same period last year amounted to approximately RMB 246.2 million. The company is of the view that the expected increase in net profit is mainly due to the following factors which prevailed during the six months ended 30 June 2013: the relief of grid congestion in certain regions of China; the increase in the scale of operating capacity; and the enhancement of the company's marketing efforts and equipment management and a steady improvement in production and operation management.

Therefore, the net profit of the company for the first half of the year is expected to increase by more than 100% compared to the corresponding period last year.