CNPC, China Huadian under-reported profit -Xinhua

BEIJING Aug 28 (Reuters) - China National Petroleum Corp (CNPC) and two other firms directly controlled by the central government had underreported profit by more than 7 billion yuan ($1.02 billion), the official Xinhua news agency reported on late Wednesday.

The report did not specify for which period the false statement occurred, nor did it disclose the amount of understatement by each company.

CNPC, China Huadian Corp and Harbin Power Equipment Corp also had other "management problems" including weak control on overseas investment projects and embezzlement, Xinhua said, citing a report delivered to the Standing Committee of the National People's Congress by the National Audit Office.

An official at CNPC, parent of PetroChina (0857.HK)(601857.SS), said on Thursday that company executives were not immediately available for comment.

CNPC is the largest oil and gas firm in China and China Huadian, parent of Huadian Power (1071.HK)(600027.SS), is one of China's five major power generating groups. Harbin Power Equipment is a major power equipment maker. ($1=6.837 Yuan)

(Reporting by Jim Bai; Editing by Ken Wills)