Datang International Power Generation : OVERSEAS REGULATORY ANNOUNCEMENT AND INSIDE INFORMATION ANNOUNCEMENT FIRST QUARTERLY REPORT OF 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.

大唐國際發電股份有限公司

(a sino-foreign joint stock limited company incorporated in the People's Republic of China)

(Stock Code: 00991)

OVERSEAS REGULATORY ANNOUNCEMENT AND

INSIDE INFORMATION ANNOUNCEMENT

FIRST QUARTERLY REPORT OF 2021

In accordance with the requirements of the China Securities Regulatory Commission, Datang International Power Generation Co., Ltd. (the "Company") is required to publish quarterly reports for the first and third quarters of the year. The financial information contained in this quarterly report is unaudited, and was prepared in accordance with the China Accounting Standards for Business Enterprises. This announcement is made by the Company pursuant to the 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 (Cap. 571 of Laws of Hong Kong) and Rules 13.09(2)(a) and 13.10B of the Listing Rules.

1. IMPORTANT NOTICE
2. 1. The board of directors, the supervisory committee, the directors, the supervisors and senior management members of the Company warrant the truthfulness, accuracy and completeness of the content hereof and that there are no false representations, misleading statements contained in or material omissions from this quarterly report, and severally and jointly accept the legal responsibility.
   2. All the directors of the Company attended the board meeting to review the quarterly report.
   3. Chen Feihu, the person-in-change of the Company, and Jiang Jinming, the person-in- change of accounting matters, and Zhao Wei, the person-in-change of the accounting institution (head of the accounting department), hereby warrant the truthfulness, accuracy and completeness of the financial statements contained in this quarterly report.
   4. The first quarterly report of the Company is unaudited.

- 1 -

1. BASIC INFORMATION OF THE COMPANY 2.1 Major financial data

		Unit: '000  Currency: RMB
			Increase/
			decrease at
			the end of the
			reporting period
	As at the end	As at the end	as compared to
	of the reporting	of the previous	the end of the
	period	year	previous year
			(%)
Total assets	278,877,162	280,333,508	-0.52
Net assets attributable to equity holders of
the Company	73,815,729	73,024,030	1.08
		From the
		beginning of	Increase/
	From the	the previous	decrease as
	beginning of the	year to the end	compared to the
	year to the end	of the previous	corresponding
	of the reporting	corresponding	period of the
	period	reporting period	previous year
			(%)
Net cash flows generated from operating
activities	5,121,003	6,809,303	-24.79

- 2 -

		From the
		beginning of	Increase/
	From the	the previous	decrease as
	beginning of the	year to the end	compared to the
	year to the end	of the previous	corresponding
	of the reporting	corresponding	period of the
	period	reporting period	previous year
			(%)
Operating revenue	25,094,878	22,136,935	13.36
Net profit attributable to equity holders of
the Company	808,543	705,969	14.53
Net profit attributable to equity holders
of the Company after deducting non-
recurring profit/loss	767,168	609,569	25.85
			Increased by
Weighted average return			0.03 percentage
on net assets (%)	1.07	1.04	point
Basic earnings per share (RMB/share)	0.0242	0.0236	2.54
Diluted earnings per share (RMB/share)	0.0242	0.0236	2.54

Note: The impact of other equity instruments was deducted in calculating the weighted average return on net assets, basic earnings per share and diluted earnings per share in the above table. During the reporting period, the principal of other equity instruments was RMB30,922,292,000 and the interest was RMB755,225,000.

- 3 -

Non-recurring profit/loss items and amounts

3 Applicable      □Not applicable

		Unit: '000  Currency: RMB
	Amount for
Items	the period	Notes
Profit/loss from disposal of	5,243	Profit from disposal of
non-current assets		non-current assets less loss
		from disposal of non-current
		assets
Government's grants included in	31,802	Government's grants included in
the profit/loss for the current		the profit/loss for the current
period (except for those closely		period (net of government's
related to the Company's		grants related to the
normal business operation and		Company's normal business
granted in fixed amount or		operation)
quantity specified by certain
standards on an on-going basis
and in compliance with the
State's policies and regulations)
Profit/loss from entrusted loans	3,563
to external entities
Other non-operating income	13,932
and expenses excluding the
abovementioned items
Impact of minority interests	-6,150
(after tax)
Impact of income tax	-7,015
Total	41,375

- 4 -

2.2 Total number of shareholders and shareholdings of the top ten shareholders and holders of circulating shares (or holders of shares not subject to selling restrictions) as of the end of the reporting period

						Unit: share
Total number of shareholders					209,230
Shareholdings of the top ten shareholders
	Number of
	shares held		Number of
	at the end of		shares held	Pledged or frozen
	the reporting	Shareholding	with selling	Share
Name of shareholder (Full name)	period	percentage	restrictions	status	Number	Nature of shareholder
		(%)
China Datang Corporation Ltd.	6,540,706,520	35.34	/	Unknown	49,000,000	State-owned legal person
HKSCC NOMINEES LIMITED	6,085,544,247	32.88	/	Pledged	3,275,623,820	Foreign legal person
Tianjin Jinneng Investment	1,295,092,600	7.00	/	Nil	/	State-owned legal person
Co., Ltd.
Hebei Construction & Investment	1,281,872,927	6.93	/	Nil	/	State-owned legal person
Group Co., Ltd.
Beijing Energy Investment Holding	1,231,730,854	6.66	/	Nil	/	State-owned legal person
Co., Ltd.
China Securities Finance	257,502,806	1.39	/	Nil	/	State-owned legal person
Corporation Limited
Central Huijin Asset Management	76,904,200	0.42	/	Nil	/	State-owned legal person
Ltd.
Hong Kong Securities Clearing	46,434,247	0.25	/	Nil	/	Foreign legal person
Company Limited
Hu Xudong	23,588,800	0.13	/	Nil	/	Domestic natural person
Dongfang Electric Corporation	17,173,679	0.09	/	Nil	/	State-owned legal person
(中國東方電氣集團有限公司)

- 5 -

Shareholdings of the top ten holders of shares free from selling restriction

	Number of	Class and number of shares
	circulating
	shares held not
	subject to selling
Name of shareholder	restrictions	Class	Number

China Datang Corporation Ltd.

HKSCC NOMINEES LIMITED

Tianjin Jinneng Investment Co., Ltd.

Hebei Construction & Investment Group Co.,

Ltd.

Beijing Energy Investment Holding Co., Ltd.

China Securities Finance Corporation Limited

Central Huijin Asset Management Ltd.

Hong Kong Securities Clearing Company

Limited

Hu Xudong

Dongfang Electric Corporation

Notes on the related relationship or acting in concert among the above shareholders

Notes on holders of preference shares with resumed voting right and the number of shares held

6,540,706,520	RMB-denominated	6,540,706,520
	ordinary shares
6,085,544,247	Overseas-listed	6,085,544,247
	foreign shares
1,295,092,600	RMB-denominated	1,295,092,600
	ordinary shares
1,281,872,927	RMB-denominated	1,281,872,927
	ordinary shares
1,231,730,854	RMB-denominated	1,231,730,854
	ordinary shares
257,502,806	RMB-denominated	257,502,806
	ordinary shares
76,904,200	RMB-denominated	76,904,200
	ordinary shares
46,434,247	RMB-denominated	46,434,247
	ordinary shares
23,588,800	RMB-denominated	23,588,800
	ordinary shares
17,173,679	RMB-denominated	17,173,679
	ordinary shares

China Datang Overseas (Hong Kong) Co., Limited, a wholly- owned subsidiary of China Datang Corporation Ltd. ("CDC"), held 3,275,623,820 H shares of the Company, representing approximately 17.70% of the Company's total share capital, which were included in the shareholding of the Company held by HKSCC NOMINEES LIMITED. China Datang Overseas (Hong Kong) Co., Limited has pledged all the H shares held by it in the Company. China Datang Group Finance Company Limited, a holding subsidiary of CDC, held 8,738,600 A shares of the Company. As at 31 March 2021, CDC and its subsidiaries held a total of 9,825,068,940 issued shares of the Company, representing approximately 53.09% of the Company's total issued shares.

/

2.3 Total number of holders of preference shares and shareholdings of the top ten holders of preference shares and the top ten holders of preference shares (not subject to selling restrictions) as at the end of the reporting period

□ Applicable      3 Not applicable

- 6 -

III. SIGNIFICANT MATTERS

3.1 The details of and the reasons for the material changes in the major financial statement items and financial indicators of the Company

• Applicable      □ Not applicable

Items of the Balance Sheet

1. Notes receivables of the Company and its subsidiaries as at the end of the reporting period increased by approximately 59.57% over the beginning of the reporting period, which was mainly due to the impact of increase in settlement by way of notes by the Company and its subsidiaries.
2. Contract liabilities of the Company and its subsidiaries as at the end of the reporting period decreased by approximately 74.92% over the beginning of the reporting period, which was mainly due to the decrease in the heat charges received in advance of the subsidiaries of the Company as a result of end of heating season.

Items of the income statement and cash flow statement

1. The sales expenses of the Company and its subsidiaries in the current period increased by approximately 39.40% over the corresponding period of the previous year, which was mainly due to the impact of the payment of freight by Inner Mongolia Baoli Coal Company Limited and the payment of sales service fees by Zhejiang Datang Power Marketing Company Limited, both the Company's subsidiaries.
2. The R&D expenses of the Company and its subsidiaries in the current period increased by approximately 494.20% over the corresponding period of the previous year, which was mainly due to the impact of the increase in R&D expenditures by the Company's subsidiaries.
3. Other income of the Company and its subsidiaries in the current period increased by approximately 82.86% over the corresponding period of the previous year, which was mainly due to the impact of the increase in government's grants received by the Company and its subsidiaries.
4. Investment income of the Company and its subsidiaries in the current period increased by approximately 756.19% over the corresponding period of the previous year, which was mainly due to the impact of the improvement in profitability for the current period of the associates (joint ventures) invested by the Company in the current period.

- 7 -

1. The credit impairment losses of the Company and its subsidiaries in the current period decreased by approximately 1,158.33% over the corresponding period of the previous year, which was mainly due to the impact of recovering bad debts by Inner Mongolia Datang International Hohhot Aluminum and Power Company Limited and Datang Hebei Power Generation Co., Ltd., both the Company's subsidiaries.
2. Gains from disposal of assets of the Company and its subsidiaries in the current period increased by approximately 192.74% over the corresponding period of the previous year, which was mainly due to the impact of the gains from the disposal of fixed assets by Tianjin Datang International Panshan Power Generation Company Limited, a subsidiary of the Company.
3. Non-operatingincome of the Company and its subsidiaries in the current period decreased by approximately 83.24% over the corresponding period of the previous year, which was mainly due to the impact of the gains from the assets retirement of the Company in the previous period.
4. Non-operatingexpenses of the Company and its subsidiaries in the current period decreased by approximately 96.84% over the corresponding period of the previous year, which was mainly due to the impact of the donations made by the Company and its subsidiaries in the previous period.

3.2 The progress of major events and analysis on their effects and solutions

• Applicable      □ Not applicable

In the Special Explanation for the Capital Occupation by Controlling Shareholders and Other Related Parties of the Company in 2020, there was a non-operating fund transaction with an amount of RMB52.8 million, which was caused by the purchase of capacity indicators of small generating units by a subsidiary of the Company from a subsidiary of the controlling shareholder in the previous years.

In 2011, in accordance with the prevailing requirements of energy conservation and emission reduction, and in order to promote the approval of the second phase of the Company's Wushashan Power Plant, upon consideration and approval at the 21st meeting of the seventh session of the board of directors of the Company, it was agreed to acquire the shutdown capacity indicators of small thermal power units owned by Datang Shandong Power Generation Co., Ltd. ("Datang Group Shandong Company"), a subsidiary of China Datang Corporation Ltd. (the controlling shareholder), and enter into a capacity transfer agreement with initial payment of RMB52.8 million. Subsequently, affected by the policy adjustment, the shutdown capacity indicators could not be used anymore. As agreed under the capacity transfer agreement, the Company requested the termination of this agreement.

- 8 -

After communication between the Company and Datang Group Shandong Company, Datang Group Shandong Company stated that the relevant funds have been used to purchase capacity indicators of small generating units and agreed to terminate the contract after the funds are recovered.

In order to implement the spirit of the "Opinions of the State Council on Further Improving the Quality of Listed Companies", the Company actively communicated with the controlling shareholder on this matter. On 25 April 2021, Datang Group Shandong Company has returned all the amounts.

Besides, the Company has also conducted a comprehensive self-examination on the occupation of non-operating funds and other related fund transactions. Up to now, there are no issues such as capital occupation and illegal guarantees that should be disclosed but not disclosed. In the next step, the Company will further regulate related transactions and fund transactions with controlling shareholder and its subsidiaries, and effectively safeguard the legitimate interests of the Company and minority shareholders.

1. Overdue performance of undertakings during the reporting period
2. • Applicable      3 Not applicable
3. The warning and explanation on the forecast of the possible loss or significant changes (as compared to the corresponding period of last year) in accumulated net profits from the beginning of the year to the end of the next reporting period
4. • Applicable      3 Not applicable

By order of the Board

Jiang Jinming

Company Secretary

Beijing, the PRC, 28 April 2021

As at the date of this announcement, the directors of the Company are:

Chen Feihu, Qu Bo, Liang Yongpan, Ying Xuejun, Zhu Shaowen, Cao Xin, Zhao Xianguo, Jin Shengxiang, Sun Yongxing, Liu Jizhen*, Luo Zhongwei*, Liu Huangsong*, Jiang Fuxiu*, Niu Dongxiao*

• Independent non-executive directors

- 9 -

IV. APPENDIX

4.1 Financial statement

Consolidated Balance Sheet 31 March 2021

Prepared by: Datang International Power Generation Co., Ltd.

Unit: '000	Currency: RMB  Audit Type: unaudited
		31 March		31 December
Item	2021	2020
Current assets:
Cash balance	8,945,867	8,274,612
Settlement provisions
Loans to banks and other financial institutions
Trading financial assets
Derivative financial assets
Notes receivables	547,674	343,228
Accounts receivables	16,075,062	15,147,362
Receivables financing	1,091,771	1,241,807
Prepayments	1,040,024	1,475,072
Premium receivables
Reinsurance receivables
Reinsurance contract reserves receivable
Other receivables	1,398,912	1,421,061
Including: Interests receivable	68,761	67,651
Dividends receivable	241,310	235,005
Financial assets purchased with agreement to
resale
Inventories	3,324,128	3,145,945
Contract assets
Held-for-sale assets
Non-current assets due within one year
Other current assets	2,554,388	2,663,250
Total current assets		34,977,826		33,712,337

- 10 -

	31 March		31 December
Item	2021	2020
Non-current assets:
Loans and advances to customers
Debt investments
Other debt investments
Long-term receivables	115,185	110,185
Long-term equity investments	18,115,412	17,844,237
Investments in other equity instruments	880,371	899,309
Other non-current financial assets	3,839,505	3,839,505
Investment properties	468,852	473,183
Fixed assets	189,232,110	186,682,076
Construction-in-progress	17,547,338	23,361,158
Productive biological assets
Oil and gas assets
Right-of-use assets	1,142,060	1,169,585
Intangible assets	4,087,671	4,090,222
Development expenses	90,359	90,359
Goodwill	762,979	762,979
Long-term deferred expenses	540,564	556,123
Deferred income tax assets	3,896,947	3,888,508
Other non-current assets	3,179,983	2,853,742
Total non-current assets	243,899,336	246,621,171
Total assets	278,877,162	280,333,508

- 11 -

	31 March		31 December
Item	2021	2020
Current liabilities:
Short-term borrowings	29,145,533	29,040,022
Borrowings from the central bank
Loans from other banks
Trading financial liabilities
Derivative financial liabilities
Notes payable	1,340,531	1,407,831
Accounts payable	17,370,283	17,422,783
Receipts in advance		92
Contract liabilities	386,049	1,539,392
Funds from selling out and repurchasing financial
assets
Receipts of deposits and deposits from other banks
Customer deposits for trading in securities
Amounts due to issuer for securities underwriting
Salaries payable	244,312	197,556
Taxes payable	1,236,120	1,416,964
Other payables	3,879,099	4,154,657
Including: Interests payable
Dividends payable	597,667	805,672
Fee and commission payable
Reinsurance accounts payables
Held-for-sale liabilities
Non-current liabilities due within one year	18,309,438	21,109,701
Other current liabilities	2,123,900		2,731,231
Total current liabilities	74,035,265	79,020,229

- 12 -

	31 March		31 December
Item	2021	2020
Non-current liabilities:
Reserves for insurance contracts
Long-term borrowings	94,201,180	92,151,095
Debentures payables	5,983,564	5,982,740
Including: Preference shares
Perpetual liabilities
Lease liabilities	1,852,371	1,714,402
Long-term payables	7,642,177	7,269,754
Long-term salaries payable	12,874	13,567
Accrued liabilities	23,409	23,409
Deferred income	2,127,237	2,168,887
Deferred income tax liabilities	594,461	596,869
Other non-current liabilities
Total non-current liabilities	112,437,273	109,920,723
Total liabilities	186,472,538	188,940,952

- 13 -

		31 March		31 December
Item		2021	2020
Owners' equity (or shareholders' equity):
Paid-up capital (or share capital)	18,506,711	18,506,711
Other equity instruments		31,677,517	31,316,377
Including: Preference shares
Perpetual liabilities		31,677,517	31,316,377
Capital surplus		6,270,088	6,270,088
Less: Inventory shares
Other comprehensive income		-557,617	-535,048
Specific reserve		360,221	354,496
Surplus reserve		16,706,337	16,706,337
General risk reserve
Undistributed profits		852,472	405,069
Total owners' equity (or shareholders' equity)
attributable to the parent company	73,815,729		73,024,030
Minority interests		18,588,895	18,368,526
Total owners' equity (or shareholders' equity)	92,404,624	91,392,556
Total liabilities and owners' equity
(or shareholders' equity)		278,877,162	280,333,508
Person-in-charge of the	Person-in-charge of	Person-in-charge of the
Company:	accounting matters:	accounting institution:
Chen Feihu	Jiang Jinming	Zhao Wei

- 14 -

Balance Sheet of the Parent Company

31 March 2021

Prepared by: Datang International Power Generation Co., Ltd.

Unit: '000	Currency: RMB  Audit Type: unaudited
		31 March		31 December
Item	2021	2020
Current assets:
Cash balance	2,174,885	1,100,694
Trading financial assets
Derivative financial assets
Notes receivables	9,000	32,000
Accounts receivables	988,398	982,469
Receivables financing
Prepayments	94,518	63,074
Other receivables	2,628,118	2,897,867
Including: Interests receivable	68,761	67,651
Dividends receivable	2,266,287	2,496,886
Inventories	233,416	222,163
Contract assets
Held-for-sale assets
Non-current assets due within one year	8,493	9,857
Other current assets	1,906,203	1,910,964
Total current assets		8,043,031		7,219,088

- 15 -

	31 March		31 December
Item	2021	2020
Non-current assets:
Debt investments	1,915,394	1,913,945
Other debt investments
Long-term receivables	255	255
Long-term equity investments	73,377,124	73,063,189
Investments in other equity instruments	272,765	269,423
Other non-current financial assets	3,728,306	3,728,306
Investment properties	175,304	177,375
Fixed assets	9,270,918	9,465,339
Construction-in-progress	3,961,058	3,961,984
Productive biological assets
Oil and gas assets
Right-of-use assets	35,258	39,187
Intangible assets	682,483	689,153
Development expenses	2,802	2,802
Goodwill	33,561	33,561
Long-term deferred expenses	53,764	58,379
Deferred income tax assets	2,662,635	2,662,635
Other non-current assets	200,920	201,472
Total non-current assets	96,372,547		96,267,005
Total assets	104,415,578	103,486,093

- 16 -

	31 March		31 December
Item	2021	2020
Current liabilities:
Short-term borrowings	7,549,629	6,548,620
Trading financial liabilities
Derivative financial liabilities
Notes payable
Accounts payable	857,768	881,098
Receipts in advance
Contract liabilities	13,267	15,365
Salaries payable	18,230	8,500
Taxes payable	54,573	52,279
Other payables	730,312	708,339
Including: Interests payable
Dividends payable
Held-for-sale liabilities
Non-current liabilities due within one year	4,870,110	4,913,992
Other current liabilities	2,043,200	2,058,164
Total current liabilities	16,137,089	15,186,357
Non-current liabilities:
Long-term borrowings	3,420,000	3,531,000
Debentures payables	5,983,564	5,982,740
Including: Preference shares
Perpetual liabilities
Lease liabilities	30,276	22,835
Long-term payables
Long-term salaries payable
Accrued liabilities
Deferred income	240,607	248,043
Deferred income tax liabilities	121,260	121,260
Other non-current liabilities
Total non-current liabilities	9,795,707		9,905,878
Total liabilities	25,932,796	25,092,235

- 17 -

		31 March		31 December
Item		2021	2020
Owners' equity (or shareholders' equity):
Paid-up capital (or share capital)	18,506,711	18,506,711
Other equity instruments		31,677,517	31,316,377
Including: Preference shares
Perpetual liabilities		31,677,517	31,316,377
Capital surplus		10,191,300	10,191,300
Less: Inventory shares
Other comprehensive income		-446,832	-446,832
Specific reserve		369,309	369,309
Surplus reserve		16,572,808	16,572,808
Undistributed profits		1,611,969	1,884,185
Total owners' equity (or shareholders' equity)	78,482,782	78,393,858
Total liabilities and owners' equity
(or shareholders' equity)		104,415,578	103,486,093
Person-in-charge of the	Person-in-charge of	Person-in-charge of the
Company:	accounting matters:	accounting institution:
Chen Feihu	Jiang Jinming	Zhao Wei

- 18 -

Consolidated Income Statement

January to March 2021

Prepared by: Datang International Power Generation Co., Ltd.

Unit: '000	Currency: RMB  Audit Type: unaudited
	The first	The first
	quarter of	quarter of
Item	2021	2020
1. Total operating revenue	25,094,878	22,136,935
Including: Operating revenue	25,094,878	22,136,935
Interest income
Premiums earned
Fees and commission income
2. Total operating costs	24,054,946	21,040,266
Including: Operating costs	21,634,313	18,534,053
Interest expenses
Fees and commission expense
Surrender payment
Net expenditure for compensation
payment
Net provisions for insurance liabilities
Expenditure for insurance policy
dividend
Reinsurance cost
Business tax and surcharges	307,684	285,288
Selling expenses	14,866	10,664
Administrative expenses	487,093	481,585
R&D expenditures	820	138
Financial expenses	1,610,170	1,728,538
Including: Interest expenses	1,615,209	1,744,289
Interest income	14,281	24,270

- 19 -

	The first	The first
	quarter of	quarter of
Item	2021	2020
Add: Other income	61,147	33,440
Investment income (losses stated with "-")	263,808	30,812
Including: Investment income from
associates and joint ventures	260,245	29,092
Gains from derecognition of
financial assets at amortized
costs
Gains from foreign exchange
(losses stated with "-")
Gains on net exposure hedging
(losses stated with "-")
Gains arising from changes in fair value
(losses stated with "-")
Loss on impairment of credit
(losses stated with "-")	755	60
Loss on impairment of assets
(losses stated with "-")
Gains from disposals of assets
(losses stated with "-")	5,243	1,791
3. Operating profit (losses stated with "-")	1,370,885	1,162,772
Add: Non-operating income	16,524	98,608
Less: Non-operating expenses	379	11,983
4. Total profit (total loss stated with "-")	1,387,030	1,249,397
Less: Income tax expenses	362,320	353,428
5. Net profit (net loss stated with "-")	1,024,710	895,969
(1) Classified by continuity of operations
1. Net profit from continuing operations
(net loss stated with "-")	1,024,710	895,969
2. Net profit from discontinued operations
(net loss stated with "-")
(2) Classified by ownership of equity
1. Net profit attributable to the shareholders
of the parent company
(net loss stated with "-")	808,543	705,969
2. Minority shareholders' profit and loss
(net loss stated with "-")	216,167	190,000

- 20 -

	The first	The first
	quarter of	quarter of
Item	2021	2020
6. Other comprehensive income after tax (net)	-22,569	18,529

1. Other comprehensive income after tax attributable to owners of the parent company

(net)	-22,569	18,529
1. Other comprehensive income that cannot be
reclassified to profit and loss	-22,192	15,070
(1)	Changes arising from the re-
	measurement of defined benefit plans
(2)	Other comprehensive income that
	cannot be reclassified to profit and
	loss under equity method
(3)	Changes in fair value of investments in
	other equity instruments	-22,192	15,070

1. Changes in fair value of enterprise's own credit risk

2. Other comprehensive income that will be

reclassified to profit and loss

-377

3,459

1. Other comprehensive income that can be reclassified to profit and loss under equity method
2. Changes in fair value of other debt investments
3. Amount of financial assets reclassified to other comprehensive income
4. Credit impairment provision for other debt investments
5. Cash flow hedging reserves
6. Exchange differences from retranslation

of financial statements

-377

3,459

1. 1. Others
2. Other comprehensive income after tax attributable to minority shareholders (net)

- 21 -

		The first	The first
		quarter of	quarter of
Item		2021	2020
7. Total comprehensive income	1,002,141	914,498
(1)	Total comprehensive income attributable to
	owners of the parent company	785,974	724,498
(2)	Total comprehensive income attributable to
	minority shareholders	216,167	190,000
8. Earnings per share:
(1)	Basic earnings per share (RMB/share)	0.0242	0.0236
(2)	Diluted earnings per share (RMB/share)	0.0242	0.0236

Person-in-charge of the	Person-in-charge of	Person-in-charge of the
Company:	accounting matters:	accounting institution:
Chen Feihu	Jiang Jinming	Zhao Wei

- 22 -

Income Statement of the Parent Company

January to March 2021

Prepared by: Datang International Power Generation Co., Ltd.

Unit: '000  Currency: RMB  Audit Type: unaudited

	The first	The first
	quarter of	quarter of
Item	2021	2020
1. Operating revenue	2,648,657	2,575,377
Less: Operating costs	2,447,562	2,163,032
Business tax and surcharges	47,798	49,108
Selling expenses
Administrative expenses	137,265	111,870
R&D expenditures	47
Financial expenses	227,414	285,956
Including: Interest expenses	230,910	289,829
Interest income	3,820	3,852
Add: Other income	8,134	7,435
Investment income
(losses stated with "-")	291,583	59,394
Including: Investment income from
associates and joint
ventures	260,245	29,099
Gains from derecognition
of financial assets at
amortized costs
Gains on net exposure hedging
(losses stated with "-")
Gains arising from changes in fair
value (losses stated with "-")
Loss on impairment of credit
(losses stated with "-")
Loss on impairment of assets
(losses stated with "-")
Gains from disposals of assets
(losses stated with "-")		1,780
2. Operating profit (losses stated with "-")	88,288	34,020
Add: Non-operating income	636	67,462
Less: Non-operating expenses		1,430

- 23 -

		The first	The first
		quarter of	quarter of
Item	2021	2020
3.	Total profit (total loss stated with "-")	88,924	100,052
	Less: Income tax expenses
4.	Net profit (net loss stated with "-")	88,924	100,052
	(1) Net profit from continuing operations
	(net loss stated with "-")	88,924	100,052

1. Net profit from discontinued operations (net loss stated with "-")

5. Other comprehensive income after tax (net)

1. Other comprehensive income that cannot be reclassified to profit and loss
2. 1. Changes arising from the re-measurement of defined benefit plans
   2. Other comprehensive income that cannot be reclassified to profit and loss under equity method
   3. Changes in fair value of investments in other equity instruments
   4. Changes in fair value of enterprise's own credit risk
3. Other comprehensive income that will be reclassified to profit and loss
4. 1. Other comprehensive income that can be reclassified to profit and loss under equity method
   2. Changes in fair value of other debt investments
   3. Amount of financial assets reclassified to other comprehensive income
   4. Credit impairment provision for other debt investments
   5. Cash flow hedging reserves
   6. Exchange differences from retranslation of financial statements
   7. Others

- 24 -

	The first	The first
	quarter of	quarter of
Item	2021	2020
6. Total comprehensive income	88,924	100,052

7. Earnings per share:

1. Basic earnings per share (RMB/share)
2. Diluted earnings per share (RMB/share)

	Person-in-charge of	Person-in-charge of the
Legal representative:	accounting matters:	accounting institution:
Chen Feihu	Jiang Jinming	Zhao Wei

- 25 -

Consolidated Cash Flow Statement

January to March 2021

Prepared by: Datang International Power Generation Co., Ltd.

Unit: '000  Currency: RMB  Audit Type: unaudited

	The first	The first
	quarter of	quarter of
Item	2021	2020
1. Cash flows generated from operating activities:
Cash received from sales of goods and services
rendered	25,996,620	24,306,491
Net increase in customer and interbank deposits
Net increase in borrowing from the central bank
Net cash increase in intra-bank borrowing from
other financial institutions
Cash received from premiums under original
insurance contract
Net cash received from reinsurance business
Net increase in deposits of policy holders and
investment
Cash received from interest, fees and
commissions
Net increase in loans from other banks
Net increase in cash received from repurchase
business
Net cash received from trading in securities for
customer
Refund of taxes and levies	51,214		10,305
Other cash received relating to operating
activities	424,346		608,331
Sub-total of cash inflows from operating activities	26,472,180		24,925,127

- 26 -

	The first	The first
	quarter of	quarter of
Item	2021	2020
Cash paid for goods and services received	16,616,887	13,588,670
Net increase in customer loans and advance
Net increase in deposits in the central bank and
interbank deposits
Cash paid for compensation payments under
original insurance contract
Net increase in loans to banks and other financial
institutions
Cash paid for interest, fees and commissions
Cash paid for insurance policy dividend
Cash paid to and on behalf of employees	1,902,948		1,511,786
Payments of all types of taxes	1,913,632		2,070,985
Other cash paid relating to operating activities	917,710		944,383
Sub-total of cash outflows from operating
activities	21,351,177		18,115,824
Net cash flows generated from operating
activities	5,121,003		6,809,303
2. Cash flows generated from investing activities:
Cash received on disposals of investments			7,131
Cash received on investment income	37,274		21,413
Net cash received from disposals of fixed assets,
intangible assets and other long-term assets	35,279		128,662
Net cash received from disposals of subsidiaries
and other operating units
Other cash received relating to investing activities	936		10,911
Sub-total of cash inflows from investing activities	73,489		168,117

- 27 -

	The first	The first
	quarter of	quarter of
Item	2021	2020
Cash paid for acquisition and construction of
fixed assets, intangible assets and other long-
term assets	1,509,112	1,717,504
Cash paid to acquire investments	14,272		8,700
Net increase in secured loans
Net cash paid for acquisition of subsidiaries and
other operating units
Other cash paid relating to investing activities	14,514		44,122
Sub-total of cash outflows from investing
activities	1,537,898		1,770,326
Net cash flows generated from investing activities	-1,464,409		-1,602,209
3. Cash flows generated from financing activities:
Cash received from investments	2,876		950
Including: Cash received from minority
shareholders' investment in subsidiaries	2,876		950
Cash received from borrowings	12,887,138		16,421,732
Other cash received relating to financing
activities	531,504		141,135
Sub-total of cash inflows from financing activities	13,421,518		16,563,817
Cash paid on repayments of borrowings	13,826,964		16,754,793
Cash paid for distribution of dividends and profit
or interest expenses	1,666,764		1,711,053
Including: Dividends and profit paid to minority
shareholders by subsidiaries	67,822		75,893
Other cash paid relating to financing activities	685,058		781,167
Sub-total of cash outflows from financing
activities	16,178,786		19,247,013
Net cash flows generated from financing
activities	-2,757,268		-2,683,196

- 28 -

			The first	The first
			quarter of	quarter of
Item		2021	2020
4.	Effect of foreign exchange rate changes on
	cash and cash equivalents		-68	893
5.	Net increase in cash and cash equivalents	899,258	2,524,791
	Add: Balance of cash and cash equivalents at the
	beginning of the reporting period	7,856,964	7,964,249
6.	Balance of cash and cash equivalents at the
	end of the reporting period		8,756,222	10,489,040
		Person-in-charge of	Person-in-charge of the
	Legal representative:	accounting matters:	accounting institution:
	Chen Feihu	Jiang Jinming	Zhao Wei

- 29 -

Cash Flow Statement of the Parent Company

January to March 2021

Prepared by: Datang International Power Generation Co., Ltd.

Unit: '000  Currency: RMB  Audit Type: unaudited

	The first	The first
	quarter of	quarter of
Item	2021	2020
1. Cash flows generated from operating activities:
Cash received from sales of goods and services
rendered	2,935,695	2,837,924
Refund of taxes and levies	90
Other cash received relating to operating
activities	152,500		127,107
Sub-total of cash inflows from operating activities	3,088,285		2,965,031
Cash paid for goods and services received	2,165,085		2,046,947
Cash paid to and on behalf of employees	319,092		279,134
Payments of all types of taxes	150,628		169,710
Other cash paid relating to operating activities	201,399		163,621
Sub-total of cash outflows from operating
activities	2,836,204		2,659,412
Net cash flows generated from operating
activities	252,081		305,619

- 30 -

	The first	The first
	quarter of	quarter of
Item	2021	2020
2. Cash flows generated from investing activities:
Cash received on disposals of investments			7,131
Cash received on investment income	254,335	15,211
Net cash received from disposals of fixed assets,
intangible assets and other long-term assets	26,225		92,032
Net cash received from disposals of subsidiaries
and other operating units
Other cash received relating to investing activities			4,653
Sub-total of cash inflows from investing activities	280,560		119,027
Cash paid for acquisition and construction of
fixed assets, intangible assets and other long-
term assets	33,792		21,705
Cash paid to acquire investments	57,032		59,270
Net cash paid for acquisition of subsidiaries and
other operating units
Other cash paid relating to investing activities	3,996		911
Sub-total of cash outflows from investing
activities	94,820		81,886
Net cash flows generated from investing activities	185,740		37,141

- 31 -

	The first	The first
	quarter of	quarter of
Item	2021	2020

3. Cash flows generated from financing activities: Cash received from investments

Cash received from borrowings	3,500,000	6,000,000
Other cash received relating to financing
activities	23,360		1,619
Sub-total of cash inflows from financing
activities	3,523,360		6,001,619
Cash paid on repayments of borrowings	2,787,083		5,749,772
Cash paid for distribution of dividends and profit
or interest expenses	99,903		194,476
Other cash paid relating to financing activities	22		8
Sub-total of cash outflows from financing
activities	2,887,008		5,944,256
Net cash flows generated from financing
activities	636,352		57,363

- 32 -

			The first	The first
			quarter of	quarter of
Item		2021	2020
4.	Effect of foreign exchange rate changes on
	cash and cash equivalents		16	80
5.	Net increase in cash and cash equivalents	1,074,189	400,203
	Add: Balance of cash and cash equivalents at the
	beginning of the reporting period	1,100,624	1,701,785
6.	Balance of cash and cash equivalents at the
	end of the reporting period		2,174,813	2,101,988
		Person-in-charge of	Person-in-charge of the
	Legal representative:	accounting matters:	accounting institution:
	Chen Feihu	Jiang Jinming	Zhao Wei

1. Adjustment of relevant items in the financial statements at the beginning of the year due to the implementation of the New Lease Standards for the first time since 2021
2. • Applicable      3 Not applicable
3. Notes on retrospective adjustment of the comparative figures in the previous period due to the implementation of the New Lease Standards for the first time since 2021
4. • Applicable      3 Not applicable
5. Audit report
6. • Applicable      3 Not applicable

- 33 -