Huaneng Power International, Inc. provided earnings guidance for the year ended December 31, 2023. The company estimated that, according to the Accounting Standards for Business Enterprises, the net profit attributable to its shareholders is expected to be from RMB 8 billion to RMB 9 billion. The net profit attributable to shareholders of the Company after deducting non- recurring gains and losses is estimated to be in the range of RMB 5.1 billion to RMB 6.1 billion.

According to the 2022 annual report of the Company, the net loss attributable to shareholders of the Company calculated in accordance with the PRC GAAP is RMB 7,387,119,300. The net loss attributable to the shareholders of the Company after deducting non-recurring gains and losses calculated in accordance with the PRC GAAP is RMB 9,422,071,300. Loss per share calculated in accordance with PRC GAAP: RMB 0.61.

Such turnaround was due to the combined effect of decrease in domestic coal prices and increase in sales volume of electricity from previous financial year, as well as a significant increase in the profit derived from the Company's business in Singapore.