Financial Performance - The company's operating revenue for the first half of 2019 was approximately RMB 45.04 billion, a decrease of about 1.10% compared to the same period in 2018[9]. - The total profit before tax was approximately RMB 2.65 billion, down about 7.58% year-on-year[10]. - The net profit attributable to shareholders was approximately RMB 767 million, representing a decrease of about 36.96% compared to the first half of 2018[10]. - Basic earnings per share attributable to shareholders was approximately RMB 0.0414, a decrease of RMB 0.0351 per share compared to the same period last year[10]. - The company's profit for the six months ended June 30, 2019, was RMB 1,836,146, a decrease from RMB 2,098,246 in the same period of 2018, representing a decline of approximately 12.5%[43]. - Operating profit decreased to RMB 4,391,747 from RMB 5,915,109, reflecting a decline of approximately 25.7%[44]. - The total comprehensive income for the period was RMB 1,708,779, compared to RMB 2,085,025 in the same period last year, a decrease of approximately 18.1%[45]. - The company reported a profit attributable to owners of RMB 767,095,000 for the six months ended June 30, 2019, a decrease of 36.9% compared to RMB 1,216,838,000 for the same period in 2018[82]. Assets and Liabilities - The company's total assets as of June 30, 2019, were approximately RMB 282.15 billion, a decrease of about RMB 6.10 billion from the end of 2018[18]. - The total liabilities were approximately RMB 208.51 billion, a decrease of about RMB 9.25 billion from the end of 2018[18]. - As of June 30, 2019, total current liabilities amounted to RMB 196,105,675 thousand, slightly up from RMB 196,092,454 thousand at the end of 2018[47]. - Total liabilities as of June 30, 2019, were RMB 122,465,059 thousand, down from RMB 125,602,633 thousand, indicating a decrease of about 2.01%[47]. - The company's net current liabilities were approximately RMB 52,633,345,000 as of June 30, 2019, indicating a reliance on short-term borrowings for capital expenditures[52]. Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2019, was RMB 9,982,204,000, an increase of 22.1% compared to RMB 8,182,223,000 for the same period in 2018[50]. - The net cash used in investing activities was RMB (1,712,622,000), a significant improvement from RMB (14,103,123,000) in the previous year, indicating a reduction in capital expenditures[50]. - The net cash used in financing activities amounted to RMB (11,281,709,000), compared to RMB 12,340,869,000 in the prior period, reflecting a decrease in financing outflows[50]. - As of June 30, 2019, cash and cash equivalents decreased to RMB 8,421,629,000 from RMB 12,401,137,000 at the beginning of the year, representing a decline of 32.0%[50]. Shareholder Information - The total number of shares outstanding as of June 30, 2019, is 18,506,710,504 shares[23]. - Major shareholders include China Datang Group, holding 35.34% of the total issued share capital[25]. - The board of directors recommended not to distribute an interim dividend for the first half of 2019[23]. - The weighted average number of ordinary shares for calculating basic and diluted earnings per share increased to 18,506,711,000 shares from 15,908,374,000 shares year-on-year[82]. Investments and Projects - The company plans to invest approximately RMB 12,259 million in the Huludao project and RMB 58,625 million in the Jiangsu project by the end of December 2021[31]. - The company plans to actively develop various renewable energy projects, including wind and solar power, to improve its competitive position in the electricity market[22]. - The company has organized 97 training programs, with 5,208 employees participating, focusing on management and technical skills[21]. Compliance and Governance - The audit committee reviewed the interim results and confirmed compliance with applicable accounting standards[42]. - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with the listing rules[40]. - The company did not take out insurance for legal actions faced by directors, as it assessed no additional risks were present[39]. Related Party Transactions - The company reported significant related party transactions, including RMB 2,012,811 thousand for coal sales to Datang Power Fuel Co., Ltd., compared to RMB 1,277,376 thousand in the previous year[101]. - Fuel procurement from Datang (Beijing) Coal Sales Co., Ltd. amounted to RMB 21,410 thousand, up from RMB 3,830 thousand in the previous year[101]. - The company incurred RMB 858,420 thousand in technical service fees from Datang Environmental Industry Group, compared to RMB 832,493 thousand in the previous year[101]. Accounting Changes - The implementation of IFRS 16 resulted in significant changes in accounting policies, particularly in lease accounting, which may affect future financial reporting[56]. - The company will account for short-term leases (12 months or less) as operating expenses using the straight-line method[64]. - Lease liabilities will be measured at the present value of unpaid lease payments, discounted using the implicit rate or the incremental borrowing rate[64].

Financial Performance - The total power generation reached 269.704 billion kWh in 2018, representing a year-on-year increase of 5.31% compared to 2017[70]. - Operating revenue for 2018 was approximately RMB 93.39 billion, an increase of 10.93% year-on-year[70]. - Net profit attributable to shareholders was approximately RMB 1.232 billion for 2018[70]. - The total operating revenue for the year was approximately RMB 93.39 billion, an increase of about 10.93% compared to the previous year, primarily driven by an 8.61% growth in the electricity segment[76]. - The total operating cost amounted to approximately RMB 84.02 billion, reflecting an increase of about 9.73% year-on-year, with the electricity segment's costs rising by 6.95%[77]. - The net profit attributable to shareholders was approximately RMB 1.232 billion, a decrease of about RMB 262 million compared to the previous year[79]. - The group’s profit before tax was approximately RMB 4.166 billion, representing an increase of about 45.77% year-on-year[187]. - Basic earnings per share attributable to shareholders were approximately RMB 0.0716, compared to RMB 0.1123 in 2017[187]. - The company reported a significant increase in revenue, achieving a total of $1.5 billion, representing a 20% year-over-year growth[109]. - The company reported a significant increase in revenue, achieving a total of 33 billion in 2018, marking a year-on-year growth of 15%[116]. Project Development and Capacity - The company approved new power projects totaling 2,308 MW, with clean energy accounting for 90.51% of the total[71]. - The company launched 12 new power projects with a total capacity of 1,586.19 MW in 2018[70]. - The company added a total installed capacity of approximately 14,822.1 MW during the reporting period, with clean energy accounting for 90.51% of the new capacity[75]. - The total installed capacity of the company has exceeded 48.03 million kW, marking a significant increase in operational scale[96]. - The company approved 9 power projects in 2018, with a total approved capacity of 2,308 MW, including 2 coal projects (219 MW), 1 gas project (800 MW), 1 hydro project (525 MW), and 5 wind projects (764 MW)[130]. - The total capacity put into operation in 2018 was 2,886.19 MW, including 1,272.8 MW from thermal power, 0 MW from hydro, 247.5 MW from wind, and 65.89 MW from solar[130]. - The company expects the addition of approximately 11 million kilowatts of new power generation capacity in 2019, including around 6.2 million kilowatts from non-fossil energy sources[126]. Environmental and Social Responsibility - The company is committed to environmental protection, with ongoing efforts to improve the environmental management level of active units and implement ecological responsibility[86]. - The company has initiated 36 poverty alleviation projects, donating over RMB 15 million to assist 1,601 registered impoverished individuals[89]. - The company is committed to sustainability, with plans to invest 20% of profits into green initiatives[112]. - The company is committed to environmental sustainability and compliance with relevant laws and regulations, including the Environmental Protection Law of the People's Republic of China[194]. Governance and Management - The company’s leadership team includes experienced professionals with extensive backgrounds in the energy sector, ensuring strong governance and strategic direction[101][102][103][104][105][106][107]. - The board of directors consists of 15 members, including 5 independent non-executive directors, ensuring diverse professional backgrounds[137]. - The board held 11 meetings during the year, reviewing 63 proposals and issuing approximately 230 announcements[139]. - The company emphasizes the importance of independent directors in its governance structure, with 3 out of 5 members in the nomination committee being independent[160]. - The company has established a risk management framework based on a "three lines of defense" model to manage risks effectively[177]. - The company aims to ensure the authenticity and completeness of financial reporting and related information through its internal control objectives[174]. - The company has made adjustments to its board members, with changes effective from March 16, 2018, and March 28, 2019[154]. Human Resources and Employee Development - The company has a total workforce of 33,483 employees, with 7,082 in management and 4,490 in professional technical roles[97]. - In 2018, the company passed professional technical qualification assessments for 1,732 employees, including 82 at senior titles[98]. - The company has enhanced training programs to improve employee skills, with a focus on tailored training to elevate overall employee capabilities[100]. - The company is committed to attracting and retaining key talent by adjusting compensation structures to favor high-skilled personnel and frontline workers[100]. - The company emphasizes a "people-oriented" approach in human resource management, providing equal employment opportunities and regular reviews of employee compensation policies[199]. Market Expansion and Strategic Initiatives - The company is actively exploring diversified low-cost financing models to leverage its advantages as a publicly listed company[85]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $200 million allocated for potential deals[115]. - Market expansion plans include entering three new international markets by the end of the year, targeting a 10% increase in market share[114]. - The company is expanding its market presence, targeting new regions in Southeast Asia, aiming for a 25% market share by 2025[120]. Communication and Investor Relations - The company maintains a commitment to transparent communication with investors, utilizing multiple channels for engagement[124]. - The company engaged with analysts and fund managers a total of 631 times through company visits and conference calls in 2018[124]. - The company held a total of 273 meetings with analysts and fund managers during performance release events and roadshows in 2018[125]. - The company conducted a quarterly earnings conference call in October 2018, attended by 84 participants[125].