Huaneng Renewables Corporation Limited reported unaudited consolidated earnings results for the six months ended June 30, 2017. For the period, the company reported revenue of RMB 5,616,869,000 against RMM 4,914,315,000 a year ago. Operating profit was RMB 3,387,434,000 against RMB 2,977,129,000 a year ago. Profit before taxation was RMB 2,286,431,000 against RMB 1,980,029,000 a year ago. Net profit attributable to equity shareholders of the company was RMB 2,031,788,000 or 20.46 cents per basic and diluted share against RMB 1,806,859,000 or 18.57 cents per basic and diluted share a year ago. The increase in revenue was primarily due to in the first half of 2017, the power sold of the group amounted to 11,476.0 million kwh, representing an increase of 1,595.1 million kwh or 16.1% as compared with 9,880.9 million kwh for the corresponding period of last year. In the first half of 2017, the capital expenditure of the group amounted to approximately RMB 890.9 million, representing a decrease of RMB 2,305.8 million or approximately 72.1% compared with RMB 3,196.7 million for the corresponding period of last year, which was primarily due to the year-on-year decrease in construction investment in the first half of 2017. Net asset value per share (excluding non-controlling interests) was RMB 2.24. Adjusted EBITDA was RMB 5.091 billion, up 13% year-on-year.

The company provided capex guidance for the year 2017. For the year, the company expects CapEx will be RMB 6 billion to RMB 6.5 billion.