Beijing Jingneng Clean Energy : INTERNAL FINANCIAL DATA FOR THE THREE MONTHS ENDED 31 MARCH 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Beijing Jingneng Clean Energy Co., Limited

北京京能清潔能源電力股份有限公司

(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 00579)

ANNOUNCEMENT

INTERNAL FINANCIAL DATA

FOR THE THREE MONTHS ENDED 31 MARCH 2021

This announcement is made by Beijing Jingneng Clean Energy Co., Limited (the "Company") pursuant to Inside Information Provisions (as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules")) under Part XIVA of the Securities and Futures Ordinance and Rule 13.09(2) of the Listing Rules.

As the Company has publicly issued debt financing instruments in the PRC, the Company, in accordance with the relevant rules and regulations of the People's Bank of China and the National Association of Financial Market Institutional Investors, announced the internal financial data of the Company and its subsidiaries for the three months ended 31 March 2021 prepared in accordance with the PRC Generally Accepted Accounting Principles.

Investors are cautioned that the internal financial data for the three months ended 31 March 2021 has not been audited by independent auditors nor reviewed by the audit committee of the Company.

The relevant documents were posted on China Money and Shanghai Clearing House at websites of www.chinamoney.com.cn and www.shclearing.com, respectively, on 30 April 2021.

- 1 -

Consolidated and the Company's Balance Sheet

31 March 2021

Prepared by Beijing Jingneng Clean Energy Co., Limited

				Unit: RMB
Items	Closing Balance	Opening Balance
Consolidated	Company	Consolidated	Company
Current assets:
Cash	5,499,222,005.12	749,048,543.40	4,352,792,295.99	847,394,625.60
△Settlement reserves
△Capital lend
☆Financial assets held for trading	221,623,539.09	-	196,043,146.29	-
Derivative financial assets
Bills receivable	263,657,356.29	26,120,310.62	153,039,680.89	13,557,772.76
Trade receivables	8,958,422,512.41	815,953,991.92	9,017,372,134.33	787,151,660.25
☆Receivables for financing
Prepayments	201,550,741.01	10,851,702.58	144,782,849.25	5,100,711.14
△Premium receivable
△Reinsurance premium receivable
△Reinsurance reserve receivable
Other receivables	511,040,337.35	4,878,401,600.42	395,516,207.45	5,407,693,734.63
Including: Dividend receivable	-	3,492,308,059.53	-	3,397,789,453.97
△Financial assets held under resale
agreements
Inventory	112,947,856.18	1,410,936.01	104,394,029.26	1,651,900.01
Including: Raw materials	108,506,841.37	1,410,936.01	104,067,670.92	1,651,900.01
Stock inventory
(finished products)
☆Contract assets
Held-for-sale assets
Non-current assets due within one year	-	99,823,523.87	-	78,802,807.84
Other current assets	666,200,656.41	11,040,608,661.61	689,370,685.10	11,653,596,422.77
Total current assets	16,434,665,003.86	17,622,219,270.43	15,053,311,028.56	18,794,949,635.00

- 2 -

Prepared by Beijing Jingneng Clean Energy Co., Limited

				Unit: RMB
Items	Closing Balance	Opening Balance
Consolidated	Company	Consolidated	Company
Non-current assets:
△Grant of loans and advances
☆Debt investment
☆Other debt investment
Long-term receivables
Long-term equity investment	3,701,230,006.84	22,897,022,883.11	3,734,959,391.38	22,235,794,467.65
☆Investment in other equity instrument	66,910,520.00	66,910,520.00	66,910,520.00	66,910,520.00
☆Other non-current financial assets
Investment properties
Fixed asset	39,972,601,143.64	1,070,336,617.13	40,029,779,936.58	1,095,899,466.11
Including: Cost of fixed assets	59,341,737,277.88	2,015,689,080.54	58,671,431,223.57	2,015,520,095.25
Accumulated depreciation	19,216,922,043.49	922,352,411.25	18,489,432,327.24	896,620,576.98
Provision for fixed asset
impairment	152,812,136.73	23,028,663.76	152,812,136.73	23,028,663.76
Construction in progress	4,757,157,517.96	38,884,824.09	4,878,973,050.17	38,389,587.79
Productive biological assets
Oil and gas assets
☆Right-of-use assets	1,111,754,748.79	10,747,413.12	1,111,912,507.48	10,907,822.27
Intangible assets	1,531,276,576.08	6,215,872.91	1,541,767,758.28	6,391,506.46
Development costs	152,424,371.85	7,391,749.98	153,278,314.64	5,580,429.18
Goodwill	1,189,996,881.01	-	1,189,996,881.01	-
Long-term deferred expenses	206,861,065.02	-	211,019,273.10	-
Deferred income tax assets	292,168,454.59	36,444,312.95	293,159,463.91	36,444,312.95
Other non-current assets	2,731,300,408.93	4,246,144,142.39	2,248,204,925.12	4,252,884,046.95
Including: Physical assets reserve
specifically authorized
Total non-current assets	55,713,681,694.71	28,380,098,335.68	55,459,962,021.67	27,749,202,159.36
Total assets	72,148,346,698.57	46,002,317,606.11	70,513,273,050.23	46,544,151,794.36

- 3 -

Prepared by Beijing Jingneng Clean Energy Co., Limited

				Unit: RMB
Items	Closing Balance	Opening Balance
Consolidated	Company	Consolidated	Company
Current liabilities:
Short-term borrowings	7,076,165,861.15	4,674,056,998.92	7,999,866,752.15	5,273,547,163.33
△Borrowings from central bank
△Capital borrowed
☆Financial liabilities held for trading
Derivative financial liabilities
Bills payable	120,000,000.00	-	120,000,000.00	-
Trade payables	4,713,517,260.55	23,345,697.47	4,471,897,898.69	22,275,110.91
Advances received
☆Contract liabilities	54,507,363.35	-	56,388,844.61	-
△Selling financial assets of repurchase
△Absorbing deposit and interbank deposit
△Client money received for acting as
securities trading agent
△Client money received for acting as
securities underwriter
Salary payable	91,896,631.31	15,594,511.00	105,070,987.36	18,804,410.41
Including: Salary payable	3,317,565.38	788,146.36	19,256,517.13	4,883,678.69
Welfare payable
# Including: Staff bonuses
and benefit
funds
Tax charge payable	227,348,903.43	4,847,631.25	284,419,123.09	17,062,731.74
Including: Tax payable	224,814,804.65	4,843,755.94	275,413,232.96	16,519,226.89
Other payables	334,906,307.59	223,119,023.94	358,142,728.70	192,698,765.35
Including: Dividend payable
△Commission charge and commission
payable
△Dividend payable for reinsurance
Liabilities held for sale
Non-current liabilities due within one year	5,036,020,487.76	2,297,398,201.13	4,371,030,807.53	1,626,929,554.91
Other current liabilities	7,075,735,990.18	7,057,655,985.35	7,086,904,673.15	7,061,015,910.13
Total current liabilities	24,730,098,805.32	14,296,018,049.06	24,853,721,815.28	14,212,333,646.78

- 4 -

Prepared by Beijing Jingneng Clean Energy Co., Limited

				Unit: RMB
Items	Closing Balance	Opening Balance
Consolidated	Company	Consolidated	Company
Non-current liabilities:
△Reserve of insurance contract
long-term borrowings	11,228,934,959.30	342,000,000.00	10,692,820,281.01	1,029,500,000.00
Debentures payable	6,487,962,264.14	6,487,962,264.14	6,487,962,264.14	6,487,962,264.14
Including: Preferred shares
Perpetual bond
☆Lease liabilities	860,229,990.41	12,432,535.03	855,313,555.93	12,289,026.37
Long-term payables	529,691,688.59	291,591,792.36	303,759,044.57	291,591,792.36
Long-term employee benefits payable
Accrued liabilities
Deferred income	383,348,437.44	2,037,434.21	560,665,671.42	20,458,486.29
Deferred income tax liabilities	151,104,852.69	-	148,741,817.22	-
Other non-current liabilities	124,071,889.66	-	114,207,592.39	-
Including: Authorized reserve fund
Total non-current liabilities	19,765,344,082.23	7,136,024,025.74	19,163,470,226.68	7,841,801,569.16
Total liabilities	44,495,442,887.55	21,432,042,074.80	44,017,192,041.96	22,054,135,215.94

- 5 -

Prepared by Beijing Jingneng Clean Energy Co., Limited

				Unit: RMB
Items	Closing Balance	Opening Balance
Consolidated	Company	Consolidated	Company
Owners' equity (or Shareholders' equity):
Paid-in capital (or Share capital)	8,244,508,144.00	8,244,508,144.00	8,244,508,144.00	8,244,508,144.00
State-owned capital
State-owned legal person's capital	5,414,831,344.00	5,414,831,344.00	5,414,831,344.00	5,414,831,344.00
Collectively owned capital
Private capital
Foreign capital	2,829,676,800.00	2,829,676,800.00	2,829,676,800.00	2,829,676,800.00
# Less: Payback capital
Paid-in capital (or Share capital), net	8,244,508,144.00	8,244,508,144.00	8,244,508,144.00	8,244,508,144.00
Other equity instruments	1,493,632,075.47	1,493,632,075.47	1,493,632,075.47	1,493,632,075.47
Including: Preferred shares
Perpetual bond	1,493,632,075.47	1,493,632,075.47	1,493,632,075.47	1,493,632,075.47
Capital reserves	3,869,273,128.10	5,447,496,919.54	3,869,273,128.10	5,447,496,919.54
Less: Treasury shares
Other comprehensive income	-66,065,338.86	79,096,074.52	-44,161,320.62	79,096,074.52
Including: Foreign currency translation
differences	-97,813,589.10	-	-69,314,600.09	-
Special reserves
Surplus reserves	1,348,440,316.55	1,348,440,316.55	1,348,440,316.55	1,348,440,316.55
Including: Statutory reserve	1,348,440,316.55	1,348,440,316.55	1,348,440,316.55	1,348,440,316.55
Discretionary reserve
# Reserve fund
# Enterprise expansion fund
# Profit return for
investments
△Generic risk reserve
Unallocated profits	12,370,540,513.22	7,957,102,001.23	11,235,493,491.79	7,876,843,048.34
Total equity attributable to the parent's
owners (or shareholders' equity)	27,260,328,838.48	24,570,275,531.31	26,147,185,835.29	24,490,016,578.42
* Minority interest	392,574,972.54	-	348,895,172.98	-
Total owners' equity
(or shareholders' equity)	27,652,903,811.02	24,570,275,531.31	26,496,081,008.27	24,490,016,578.42
Total liabilities and owners' equity
(or shareholders' equity)	72,148,346,698.57	46,002,317,606.11	70,513,273,050.23	46,544,151,794.36

- 6 -

Consolidated and THE Company's Income Statement

March 2021

Prepared by Beijing Jingneng Clean Energy Co., Limited

				Unit: RMB
Items	Amount for the Current Period	Amount for the Preceding Period
Consolidated	Company	Consolidated	Company
I. Total Operating revenue	5,954,095,598.29	92,072,064.33	5,264,513,698.06	76,462,217.98
Including: Operating revenue	5,954,095,598.29	92,072,064.33	5,264,513,698.06	76,462,217.98
△Interest income
△Premiums earned
△Commission and
brokerage income
II. Total operating costs	4,821,474,734.90	274,800,264.51	4,179,224,848.17	233,688,429.04
Including: Operating costs	4,328,300,414.75	33,102,074.63	3,745,430,046.66	30,356,127.84
△Interest costs
△Commission and
brokerage expenses
△Surrenders
△Claims expense net
△Provision of insurance
contracts reserve net
△Policyholder dividends
△Reinsurance costs
Tax and surcharges	50,636,827.18	1,083,555.55	46,745,722.67	1,066,074.27
Selling expenses
Administrative expenses	130,958,531.63	58,102,677.82	101,736,958.25	35,732,123.07
Research and development
expenses	1,305,501.14	-	-	-
Finance costs	310,273,460.20	182,511,956.51	285,312,120.59	166,534,103.86
Including: Interest expenses	306,473,503.74	177,126,341.91	258,006,451.22	157,237,886.25
Interest income	5,775,015.83	1,709,425.41	7,283,448.74	1,356,174.60
Foreign
exchange
loss net ("-"
indicating
net gain)	13,192.13	123.36	3,322,479.34	-
Other

- 7 -

Prepared by Beijing Jingneng Clean Energy Co., Limited

				Unit: RMB
Items	Amount for the Current Period	Amount for the Preceding Period
Consolidated	Company	Consolidated	Company
Plus: Other gains	284,976,305.29	13,678,879.19	190,264,656.99	12,132,602.01
Investment income
("-" indicating loss)	31,473,748.15	249,303,273.88	42,863,103.33	170,295,864.86
Including: Investment income
from associates and joint
ventures	29,590,615.46	29,590,615.46	40,183,506.41	40,183,506.41
☆Gain from derecognition of
financial assets measured at
amortized cost
△Foreign exchange gain
("-" indicating loss)
☆Gain from net exposure
hedges ("-" indicating loss)
Gains from changes in fair
value ("-" indicating loss)	24,588,864.49	-	-37,571,039.79	-
☆Credit impairment losses
("-" indicating loss)
Asset impairment losses
("-" indicating loss)
Gains from disposal of assets
("-" indicating loss)	-2,479,328.30	-	-312.26	-
III. Operating profit ("-" indicating loss)	1,471,180,453.02	80,253,952.89	1,280,845,258.16	25,202,255.81
Plus: Non-operating revenue	10,299,935.31	5,000.00	461,421.68	60,000.00
Including: Government grants	10,020,000.00	-	45,059.83	-
Less: Non-operating expenses	2,631,229.06	-	3,326,182.02	2,400,000.00
IV. Total profit ("-" indicating total loss)	1,478,849,159.27	80,258,952.89	1,277,980,497.82	22,862,255.81
Less: Income tax expenses	301,297,338.29	-	281,482,690.01	-

- 8 -

Prepared by Beijing Jingneng Clean Energy Co., Limited

					Unit: RMB
	Items	Amount for the Current Period	Amount for the Preceding Period
	Consolidated	Company	Consolidated	Company
V. Net profit (net loss is represented
by ("-"))	1,177,551,820.98	80,258,952.89	996,497,807.81	22,862,255.81
(I) Classified by ownership of equity
1. Net profit attributable to owners
	of the parent company	1,135,047,021.42	80,258,952.89	953,356,267.97	22,862,255.81
*2.Profit or loss of minority
	interests	42,504,799.56	-	43,141,539.84	-
(II) Classified by continuity of
operations
1. Net profit from continuing
	operations	1,177,551,820.98	80,258,952.89	996,497,807.81	22,862,255.81
2. Net profit from discontinued
	operations
VI. Net other comprehensive income
after tax	-21,904,018.24	-	-153,981,638.33	-
Net other comprehensive income after
tax attributable to the owners of the
parent company	-21,904,018.24	-	-153,981,638.33	-
(I) Other comprehensive income that
cannot be reclassified to profit or
loss
1. Re-measurement of changes in
	defined benefit plan
2.	Other comprehensive income
	that cannot be reclassified
	to profit or loss under equity
	method
☆3. Changes in fair value of other
	equity instrument investments
☆4. Changes in fair value of
	enterprise's own credit risk
5.	Others

- 9 -

Prepared by Beijing Jingneng Clean Energy Co., Limited

				Unit: RMB
Items	Amount for the Current Period	Amount for the Preceding Period
Consolidated	Company	Consolidated	Company
(II) Other comprehensive income that
will be reclassified to profit or
loss	-21,904,018.24	-	-153,981,638.33	-
1. Other comprehensive income
that may be reclassified to
profit or loss under equity
method
☆2. Changes in fair value of other
debt investments
3. Gains or losses from changes in
fair value of financial assets
available-for-sale
☆4. Financial assets reclassified into
other comprehensive income
5. Gains or losses from held-
to-maturity investment
reclassified as financial assets
available-for-sale
☆6. Provision for credit impairment
of other debt investments
7. Cash flow hedging reserve
(effective part of hedging gains
or losses from cash flows)	6,594,970.77	-	-5,070,370.36	-
8. Exchange differences from
translation of foreign currency
financial statements	-28,498,989.01	-	-148,911,267.97	-
9. Others
*Net other comprehensive income after
tax attributable to minority interests
VII. Total comprehensive income	1,155,647,802.74	80,258,952.89	842,516,169.48	22,862,255.81
Total comprehensive income
attributable to owners of the parent
company	1,113,143,003.18	80,258,952.89	799,374,629.64	22,862,255.81
*Total comprehensive income attributable
to minority interests	42,504,799.56	-	43,141,539.84	-

- 10 -

CONSOLIDATED AND THE COMPANY'S CASH FLOW STATEMENT

March 2021

Prepared by Beijing Jingneng Clean Energy Co., Limited

				Unit: RMB
Items	Amount for the Current Period	Amount for the Preceding Period
Consolidated	Company	Consolidated	Company
I. Cash flow generated from operating
activities:
Cash inflow on sales of goods and
provision of labor services	6,591,398,722.97	95,123,007.71	5,576,403,476.27	67,407,548.80
△Net increase in deposits from
customers and placements
from bank and other financial
institutions
△Net increase in borrowings from
central bank
△Net increase in placements from other
financial institutions
△Cash receipts of premium for direct
insurance contracts
△Net cash received from reinsurance
business
△Net increase in deposits from
insurance policy holders and
investment
△Net increase in disposal of financial
assets at fair value through profit
and loss
△Cash received from interest, fee and
commission
△Net increase in placements from other
financial institutions
△Net increase in repurchase business
funds
△Net cash received from securities
trading brokerage services
Tax refunds received	10,266,274.49	111,861.55	11,981,288.38	-
Cash generated from other operating
activities	43,551,049.84	5,872,743.15	34,330,020.18	3,587,672.97
Sub-total of cash inflows from
operating activities	6,645,216,047.30	101,107,612.41	5,622,714,784.83	70,995,221.77

- 11 -

Prepared by Beijing Jingneng Clean Energy Co., Limited

				Unit: RMB
Items	Amount for the Current Period	Amount for the Preceding Period
Consolidated	Company	Consolidated	Company
Cash paid for purchase of goods and
engagement of labor services	3,491,955,313.53	3,234,917.78	3,011,924,993.36	2,555,757.56
△Net increase in loans and advances to
customers
△Net increase in central bank and
placements from bank and other
financial institutions
△Cash paid for claims on original
insurance contracts
△Net increase in loans to banks and
other financial institutions
△Cash paid for interest, fee and
commission
△Cash paid for interest, fees and
commissions
Cash paid to and for employees	209,040,442.56	51,765,541.29	188,790,320.71	38,237,555.29
Payments of all types of taxes	720,644,658.40	19,952,603.65	662,592,565.02	23,716,184.83
Cash paid for other operating activities	103,158,276.67	48,884,630.44	111,240,945.60	41,082,373.53
Sub-total of cash used in operating
activities	4,524,798,691.16	123,837,693.16	3,974,548,824.69	105,591,871.21
Net cash flow generated from
operating activities	2,120,417,356.14	-22,730,080.75	1,648,165,960.14	-34,596,649.44
II. Cash flow generated from investing
activities:
Cash received from disposal of
investment	-	6,641,000,000.00	20,000,000.00	2,911,000,000.00
Cash received from investment gains	65,332,974.50	158,951,597.48	2,809,292.98	113,344,022.57
Net cash inflow on disposal of fixed
assets, intangible assets and other
long-term assets	93,460.00	-	160,080.00	-
Net cash inflow on disposal of
subsidiaries and other operational
units
Cash generated from other investing
activities	32,490,024.62	650,000,000.00	34,503,412.26	964,200,000.00
Sub-total of cash inflows from
investing activities	97,916,459.12	7,449,951,597.48	57,472,785.24	3,988,544,022.57

- 12 -

Prepared by Beijing Jingneng Clean Energy Co., Limited

				Unit: RMB
Items	Amount for the Current Period	Amount for the Preceding Period
Consolidated	Company	Consolidated	Company
Cash paid for acquisition of fixed assets,
intangible assets and other long-term
assets	1,173,951,414.25	3,012,501.79	1,020,269,569.00	4,159,033.06
Cash paid for investments	-	6,706,957,800.00	70,000,000.00	4,335,000,000.00
△Net increase of mortgaged loans
Net cash paid for acquisition of
subsidiaries and other operational
units	10,000,000.00	-	-	-
Cash paid for other investing activities	17,897,642.77	17,705,702.77	13,570,700.85	70,374,500.00
Sub-total of cash outflows	1,201,849,057.02	6,727,676,004.56	1,103,840,269.85	4,409,533,533.06
for investing activities
Net cash flow from
investing activities	-1,103,932,597.90	722,275,592.92	-1,046,367,484.61	-420,989,510.49
III. Cash flow generated from financing
activities:
Cash received from investors	1,175,000.00	-	-	-
Including: Cash received from
absorbing minority
shareholders' investment
by subsidiaries	1,175,000.00	-	-	-
Cash received from obtaining
borrowings	8,191,783,803.61	6,011,000,000.00	3,595,141,400.43	2,200,000,000.00
Other cash receipts relating to financing
activities	226,000,000.00	8,387,500.00	26,612.04	1,744,424,511.77
Sub-total of cash inflows from
financing activities	8,418,958,803.61	6,019,387,500.00	3,595,168,012.47	3,944,424,511.77
Cash paid for repayment of debt	8,008,265,742.08	6,698,000,000.00	2,710,851,271.25	1,701,000,000.00
Cash paid for distribution of dividends,
profit or payment of interests	264,059,300.30	112,025,307.47	238,845,935.71	93,826,651.11
Including: Dividend and profit of
minority shareholders
paid by subsidiaries
Cash paid for other financing activities	16,120,806.58	7,253,786.90	720,519,682.10	1,784,507,387.38
Sub-total of cash outflows in
financing activities	8,288,445,848.96	6,817,279,094.37	3,670,216,889.06	3,579,334,038.49
Net cash flow from financing
activities	130,512,954.65	-797,891,594.37	-75,048,876.59	365,090,473.28

- 13 -

Prepared by Beijing Jingneng Clean Energy Co., Limited

				Unit: RMB
Items	Amount for the Current Period	Amount for the Preceding Period
Consolidated	Company	Consolidated	Company
IV. Effect on cash and cash equivalent
from change of exchange rate	257,684.09	-	-49,017,269.08	-
V. Net increase in cash and cash equivalent	1,147,255,396.98	-98,346,082.20	477,732,329.86	-90,495,686.65
Add: Balance of cash and cash
equivalent at the beginning
of the period	4,297,428,171.62	847,394,625.60	4,060,270,134.43	467,537,545.45
VI. Balance of cash and cash equivalent at
the end of the period	5,444,683,568.60	749,048,543.40	4,538,002,464.29	377,041,858.80

By Order of the Board

Beijing Jingneng Clean Energy Co., Limited

KANG Jian

Deputy General Manager and Company Secretary

Beijing, the PRC

30 April 2021

As at the date of this announcement, the executive directors of the Company are Mr. Zhang Fengyang, Mr. Chen Dayu, Mr. Gao Yuming and Mr. Cao Mansheng; the non-executive directors of the Company are Mr. Ren Qigui, Ms. Li Juan and Mr. Wang Bangyi; and the independent non-executive directors of the Company are Mr. Huang Xiang, Mr. Chan Yin Tsung, Mr. Han Xiaoping and Mr. Xu Daping.

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