China Longyuan Power : UNAUDITED CONSOLIDATED RESULTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2019

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UNAUDITED CONSOLIDATED RESULTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2019

The board of directors (the "Board") of China Longyuan Power Group Corporation Limited* (the "Company") announces the unaudited consolidated results for the nine months ended 30 September 2019 of the Company and its subsidiaries (the "Group").

This announcement is made pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).

For the nine months ended 30 September 2019, revenue of the Group amounted to RMB19,955 million, representing an increase of 4.07% over the corresponding period of last year. In particular, revenue from our wind power business (excluding revenue from concession services) amounted to RMB13,618 million, representing an increase of 1.60% over the corresponding period of last year, whereas revenue from our coal power business amounted to RMB5,776 million, representing an increase of 5.31% over the corresponding period of last year, and revenue from other business departments amounted to RMB519 million, representing an increase of 88.1% over the corresponding period of last year. Net profit attributable to equity holders of the Company amounted to RMB3,511 million, representing a decrease of 12.53% over the corresponding period of last year.

Power generation on consolidated basis amounted to 36,597,184 MWh, representing an increase of 0.38% over the corresponding period of last year. In particular, wind power generation amounted to 29,162,316 MWh, representing an increase of 0.88% over the corresponding period of last year, whereas coal power generation amounted to 7,050,457 MWh, representing a decrease of 1.67% over the corresponding period of last year, and other renewable energy power generation amounted to 384,410 MWh, representing an increase of 1.41% from the corresponding period of last year.

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1 UNAUDITED CONSOLIDATED RESULTS
		For the nine months ended
		30 September
		2019		2018
	Note	RMB'000	RMB'000
Revenue	1	19,955,067		19,173,999
Other net income		604,189		648,494
Operating expenses		(12,999,048)	(12,167,879)
Operating profit		7,560,208		7,654,614
Net finance expenses		(2,632,556)	(2,353,065)
Share of profits less losses of
associates and joint ventures		2,928		159,618
Profit before taxation		4,930,580		5,461,167
Income tax		(841,342)	(902,878)
Profit for the period		4,089,238		4,558,289
Attributable to:
Equity holders of the Company		3,510,517		4,013,589
Non-controlling interests		578,721		544,700

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Note:

1. Revenue

The amount of each significant category of revenue recognised for the nine months ended

30 September is as follows:

	For the nine months ended
	30 September
	2019		2018
	RMB'000	RMB'000
Wind power (excluding revenue from	13,618,330
concession services)	13,403,332
Coal power	5,776,096	5,484,801
Others	519,447	276,203
Revenue from concession services	41,194	9,663
Total revenue	19,955,067		19,173,999

2 BUSINESS Installed Capacity

Details of the consolidated installed capacity of the Group as at 30 September

2019 are as follows:

	As at	As at
Business segments and	30 September	30 September	Percentage of
regional distribution	2019	2018	change
	(MW)	(MW)
Wind power business	19,028.84	18,395.34	3.44%
Including: Heilongjiang	1,234.7	1,234.7	0.00%
Jilin	547.4	547.4	0.00%
Liaoning	1,003.2	1,003.2	0.00%
Inner Mongolia	2,635.8	2,635.8	0.00%
Jiangsu (onshore)	1,338.5	1,248.5	7.21%
Jiangsu (offshore)	1,180.3	980.3	20.40%
Zhejiang	227.9	227.9	0.00%
Fujian	865.1	717.1	20.64%
Hainan	99.0	99.0	0.00%
Gansu	1,289.8	1,289.8	0.00%

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		As at		As at
Business segments and	30 September	30 September	Percentage of
regional distribution	2019		2018		change
		(MW)		(MW)
Xinjiang	1,541.3	1,541.3		0.00%
Hebei	1,170.1		1,170.1		0.00%
Yunnan	769.5		769.5		0.00%
Anhui	733.1		733.1		0.00%
Shandong	413.4		393.4		5.08%
Tianjin	194.0		194.0		0.00%
Shanxi	879.0		829.5		5.97%
Ningxia	724.7		724.7		0.00%
Guizhou	691.5		641.5		7.79%
Shaanxi	439.2		439.2		0.00%
Tibet	7.5		7.5		0.00%
Chongqing	209.5		209.5		0.00%
Shanghai	47.5		47.5		0.00%
Guangdong	101.74		75.74		34.33%
Hunan	98.0		48.0		104.17%
Guangxi	95.5		95.5		0.00%
Jiangxi	100.0		100.0		0.00%
Hubei	48.0		48.0		0.00%
Canada	99.1		99.1		0.00%
South Africa	244.5		244.5		0.00%
Coal power business	1,875.0		1,875.0		0.00%
Other renewable power business	249.8		249.8		0.00%
Total	21,153.64		20,520.14		3.09%

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Power Generation

Details of the consolidated power generation of the Group for the nine months ended 30 September 2019 are as follows:

	For the	For the
	nine months	nine months
	ended	ended
Business segments and	30 September	30 September	Percentage of
regional distribution	2019	2018	change
	(MWh)	(MWh)
Wind power business	29,162,316	28,909,357	0.88%
Including: Heilongjiang	2,046,933	1,879,504	8.91%
Jilin	780,368	663,752	17.57%
Liaoning	1,665,516	1,780,819	-6.47%
Inner Mongolia	4,117,127	3,851,351	6.90%
Jiangsu (onshore)	1,547,197	2,036,969	-24.04%
Jiangsu (offshore)	1,848,158	1,555,609	18.81%
Zhejiang	251,090	264,417	-5.04%
Fujian	1,451,572	1,288,192	12.68%
Hainan	75,297	78,798	-4.44%
Gansu	1,875,481	2,005,959	-6.50%
Xinjiang	2,652,026	2,450,427	8.23%
Hebei	1,602,252	1,819,330	-11.93%
Yunnan	1,760,364	1,473,701	19.45%
Anhui	996,963	1,224,388	-18.57%
Shandong	555,258	643,503	-13.71%
Tianjin	283,383	284,092	-0.25%
Shanxi	1,126,601	1,305,349	-13.69%
Ningxia	1,010,353	1,170,403	-13.67%
Guizhou	1,067,844	921,565	15.87%
Shaanxi	574,441	578,408	-0.69%
Tibet	12,693	9,956	27.49%
Chongqing	355,075	247,540	43.44%
Shanghai	80,753	104,583	-22.79%
Guangdong	165,672	109,849	50.82%
Hunan	167,749	97,819	71.49%

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		For the		For the
		nine months		nine months
		ended		ended
Business segments and	30 September	30 September	Percentage of
regional distribution	2019		2018		change
		(MWh)		(MWh)
Guangxi	190,950	171,405		11.40%
Jiangxi	63,713		73,061		-12.79%
Hubei	78,250		90,032		-13.09%
Canada	207,846		190,878		8.89%
South Africa	551,392		537,697		2.55%
Coal power business	7,050,457		7,170,369		-1.67%
Other renewable power business	384,410		379,054		1.41%
Total	36,597,184		36,458,780		0.38%

Note: Certain figures included in the above table have been subject to rounding adjustments, or have been rounded to two decimal places. Any discrepancies between the total shown and the sum of the amounts listed are due to rounding.

By Order of the Board

China Longyuan Power Group Corporation Limited*

Jia Yanbing

Chairman of the Board

Beijing, the PRC, 28 October 2019

As at the date of this announcement, the executive directors of the Company are Mr. Jia Yanbing and Mr. Huang Qun; the non-executive directors are Mr. Liu Jinhuan, Mr. Luan Baoxing and Mr. Yang Xiangbin; and the independent non-executive directors are Mr. Zhang Songyi, Mr. Meng Yan and Mr. Han Dechang.

• For identification purpose only

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