09:00     HUANENG POWER<00902> - Results Announcement (2)                     

                                                                              
    4.      The basis of calculation for basic EPS and diluted EPS of the     
    current period                                                            
                                                                              
    The calculation of earnings per share is based on the net profit for the  
    year attributable to shareholders of approximately Rmb5,324 million and   
    the weighted average number of approximately 12,055 million ordinary      
    shares in issue during the year.                                          
                                                                              
    On a diluted basis both net profit for the year attributable to           
    shareholders and weighted average number of ordinary shares outstanding   
    were adjusted on the assumption that the convertible notes has been fully 
    converted at the beginning of the year.  Such adjusted net profit and     
    weighted average number of ordinary shares were approximately Rmb5,324    
    million and 12,055 million ordinary shares, respectively.                 
                                                                              
    As the number of ordinary shares outstanding increased as a result of a   
    stock split in 2004, the computation of basic and diluted earnings per    
    share have been adjusted retroactively for the proportional change in the 
    number of ordinary shares outstanding for all the periods presented to    
    reflect the stock split.                                                  
                                                                              
    5.      On 15th March, 2005, the Board of Directors proposed a cash       
    dividend of Rmb0.25 per share, totalling approximately Rmb3,014 million.  
    This proposal is subject to the approval of the shareholders at the annual
    general meeting.                                                          
                                                                              
    As the number of ordinary shares outstanding increased as a result of a   
    stock split in 2004, the computation of basic and diluted earnings per    
    share have been adjusted retroactively for the proportional change in the 
    number of ordinary shares outstanding for all the periods presented to    
    reflect the stock split.                                                  
                                                                              
    For more details, please refer to the press announcement today.