Hubei Energy: 2012 Half-year Results Express

I. Major financial data and indicators for the half of 2012 (consolidated statements)

Unit: Ten thousand yuan increase or decrease in the same period of the previous year in the reporting period (%)

Total operating income 516,274.97 354,853.16 45.49%

Operating profit 46,126.24 25,976.22 77.57%

Total profit 47,986.80 27,689.53 73.30%

Net profit attributable to shareholders of a listed company 35,120.00 25,951.87 35.33%

Basic earnings per share (yuan) 0.17 0.13 35.33%

Weighted average return on net assets 3.77% 3.01% 25.25%

Changes in the beginning and end of the reporting period at the end of the reporting period (%)

Total assets 3,101,837.64 3,131,505.38-0.95%

Ownership equity attributable to shareholders of listed companies 942,038.50 913,192.69 3.16%

Share capital (shares) 2,067,799,713.00 2,067,799,713.00 0.00%

Net assets per share attributable to shareholders of listed companies (yuan/share) 4.56 4.42 3.16%

II. Description of operating performance and financial status During the reporting period, the company's performance in the current period increased compared to the same period of last year due to the fact that the water supply was in good condition and the fall in thermal coal prices. The reasons for the changes in major financial indicators are described below:

(I) Total operating income increased by 45.49% year-on-year, mainly due to:

1. The situation of incoming water in the current period was relatively good, and the hydropower generation of the company's subordinate hydropower enterprises increased over the same period of last year;

2. The trading volume of the indirect controlling subsidiary of the company, Hubei Provincial Coal Investment Development Co., Ltd. increased year-on-year.

(II) Operating profit, total profit, net profit attributable to shareholders of the listed company and basic earnings per share increased by 77.57%, 73.30%, 35.33% and 35.33% respectively. The main reasons are:

1. The situation of incoming water in the current period was relatively good, and the hydropower generation of the company's subordinate hydropower enterprises increased over the same period of last year;

2. The company's coal-fired power companies have improved their profitability due to the increase in on-grid tariffs and the fall in coal prices in the current period.

The company did not participate in the public issuance of Changjiang Securities (000783) during the same period of the previous year, resulting in a decrease in the proportion of equity held by Changjiang Securities, resulting in non-recurring gains of approximately RMB168 million. As a result, the year-on-year increase in net profit lags behind the year-on-year increase in operating profit.

III. The difference from the previous performance forecast indicates that the company had disclosed 2012 half on July 14, 2012 in China Securities Journal, Securities Times, Securities Daily, Shanghai Securities News and Juchao Information Online. For the annual performance forecast, it is expected that the company's net profit attributable to the shareholders of the listed company will be between 337 million and 390 million yuan.

There was no difference between the operating results disclosed by the company's performance report and the previous disclosure of performance.

IV. Documents for Reference The balance sheet and profit statement signed and sealed by the legal representative of the company, the person in charge of the accounting work, and the person in charge of the accounting department.