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BEIJING, April 27, 2021 /PRNewswire/ Huaneng Power International, Inc. ( the Company ) (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its unaudited operating results prepared in accordance with the PRC GAAP for the three months ended March 31, 2021.
For the first quarter of 2021, the Company and its subsidiaries recorded consolidated operating revenue of RMB 49.909 billion (equivalent to approximately USD 7.595 billion), representing an increase of 23.59% compared to the same period of last year. The net profit attributable to equity holders of the Company was RMB 3.127 billion (equivalent to approximately USD 476 million), representing an increase of 51.75% compared to the same period of last year. The earnings per share was RMB 0.17 and earnings per ADS amounted to RMB 6.62 (equivalent to approximately USD 1.008). The increase of the Company s net profit was mainly due to the increase of domestic electricity sales.
FinanceFrance s BNP Paribas applies to set up a securities firm in China
Reuters
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The BNP Paribas logo is seen at a branch in Paris, France, February 4, 2020. REUTERS/Benoit Tessier
China s securities regulator has received an application from France s BNP Paribas (BNPP.PA) to set up a securities company in China, the latest foreign player to try to expand into brokerage services in the country as it opens up its capital markets.
The application was published on the website of the China Securities Regulatory Commission (CSRC) on Tuesday, without any information on the shareholding structure.
France s biggest lender told media in 2019 it was looking into entering the securities trading business in China and studying having a securities joint venture locally.
While we wait for the day s main earning highlight, Q1 reports from Microsoft and Google both due after the close, it s been a busy morning with some of the most prominent companies reporting earnings in the premarket. Below we summarize some of the biggest market movers:
United Parcel Service (UPS): Adj. EPS 2.77 (exp. 1.72), Revenue 22.9bn (exp. 20.49bln).
UPS soared 8.1% in premarket trading after reporting stellar results including adjusted earnings per share for the first quarter that beat the average analyst estimate. Details: Adjusted EPS $2.77 vs. $1.15 y/y, estimate $1.73 (range $1.55 to $1.99) Revenue $22.91 billion, +27% y/y, estimate $20.60 billion U.S. package revenue $14.01 billion, +22% y/y, estimate $12.86 billion
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