Huadian Power International Corporation Limited
1071Company Overview
Huadian International Electric Power Co., Ltd. (the “Company”), along with its subsidiaries (the “Group”), is one of the largest integrated energy companies in the People's Republic of China (“China”). Its main business is the construction and operation of power plants, including large-scale and efficient coal-fired and gas generators and various renewable energy power generation projects. The Group operates power generation assets in 12 provinces, autonomous regions and municipalities directly under the Central Government. It has an excellent geographical location, mainly in power load centers, heat load centers, or areas rich in coal resources. As of the date of this report, a total of 44 controlled power generation companies have been put into operation by the Group, with a holding installed capacity of about 54,754.24 megawatts, mainly including coal-fired power generation holding installed capacity of about 43,700 megawatts, gas power generation holding installed capacity of about 8,589.05 megawatts, and hydroelectric power generation holding about 2,459 megawatts. The Company was incorporated on June 28, 1994 in Jinan City, Shandong Province, China. On June 30, 1999, the Company made an initial public offering of approximately 1,431 million H shares and was listed on the Hong Kong Stock Exchange Limited (“Hong Kong Stock Exchange”). On February 3, 2005, 765 million A-shares were successfully issued in China and listed on the Shanghai Stock Exchange (“Shanghai Stock Exchange”). The non-public offering of 750 million A-shares was completed on December 1, 2009, and listed on the Shanghai Stock Exchange. The non-public offering of 600 million A-shares was completed on July 3, 2012, and listed on the Shanghai Stock Exchange. The non-public offering of 1.15 billion A-shares was completed on July 18, 2014, and listed on the Shanghai Stock Exchange. The placement of approximately 286 million H shares was completed on July 30, 2014, and listed on the Hong Kong Stock Exchange. The non-public offering of approximately 1,056 million A-shares was completed on September 8, 2015, and listed on the Shanghai Stock Exchange. The non-public offering of approximately 6.8816 million A-shares and 14,701,590 convertible corporate bonds was completed on September 28, 2021, and listed on the Shanghai Stock Exchange. As of March 31, 2023, there were 8,176,475,953 A shares, accounting for about 82.64% of the Company's current total share capital; 1,717,233,600 H shares, accounting for 17.36% of the Company's current total share capital. As of December 31, 2022, the total number of regular employees in the Group was 24,755.
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
Name | Huadian Power International Corporation Limited |
Ticker | 1071 |
Main Business | Utilities—Regulated Electric |
Type | Common Stock |
Industry | Utilities—Regulated Electric |
Country | HK |
Market Cap | $4.55 B |
Shariah Analysis Breakdown
Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
---|---|---|---|
Electricity sales revenue | $47,130.0 | $0.0 | - |
Coal sales income | $6,440.0 | $0.0 | - |
Sales revenue | $5,480.0 | $0.0 | - |
Interest income | $84.4 | $84.4 | - |
Total | $59,134.4 | $84.4 | 0.14% (passed) |
Liability Item | Value ($M) | % of Market Cap |
---|---|---|
bank loans and overdrafts | $3,752,100,840.3 | 82.44% |
other loans current liabilities | $719,887,955.2 | 15.82% |
long term bank loan | $6,957,983,193.3 | 152.89% |
other loans non current liabilities | $1,669,467,787.1 | 36.68% |
Total Interest-Bearing Debt | $13,099,439,775.9 | 287.83% |
Market Capitalization | $4,551,038,461.5 | 100.00% |
Compliance Status | Threshold: 33% | failed |