Financial Performance - The company's operating revenue for Q3 2022 was CNY 31,651,517,000, representing a year-on-year increase of 27.84% compared to CNY 24,758,216,000 in the same period last year[4]. - The net profit attributable to shareholders of the listed company was CNY -635,584,000, a decrease of 60.78% from CNY -1,620,373,000 in the previous year[4]. - The basic earnings per share were CNY -0.0509, an improvement of 52.37% from CNY -0.1070 in the previous year[5]. - The company reported a total comprehensive income of RMB 753,353 thousand for the third quarter of 2022, compared to RMB 33,551 thousand in the same quarter of 2021[24]. - The company achieved an operating profit of 1,283,006 thousand RMB, compared to 632,225 thousand RMB in the same quarter of 2021, showing improved operational efficiency[56]. - The company reported a significant increase in investment income, reaching RMB 1,472,474 thousand in the third quarter of 2022, compared to RMB 2,113,161 thousand in the same quarter of 2021[23]. - The company reported a non-recurring gain of CNY 206,429,000 for the current period, contributing to the overall financial performance[6]. Cash Flow and Assets - The net cash flow from operating activities was CNY 18,905,412,000, an increase of 16.74% compared to CNY 16,195,064,000 in the same period last year[5]. - The company achieved a net cash inflow from operating activities of RMB 104,456,989 thousand in the first three quarters of 2022, compared to RMB 84,754,476 thousand in the same period of 2021[27]. - The net cash flow from investing activities was -10,829,744 thousand RMB, compared to -7,397,367 thousand RMB in the previous year, indicating a significant increase in cash outflow for investments[28]. - Cash inflow from financing activities totaled 124,897,695 thousand RMB, a substantial increase from 82,039,259 thousand RMB year-over-year[28]. - The total assets at the end of the reporting period were CNY 294,853,991,000, a decrease of 0.56% from CNY 296,517,653,000 at the end of the previous year[5]. - The company's cash and cash equivalents at the end of the period were 10,428,386 thousand RMB, a decrease from 10,407,067 thousand RMB year-over-year[28]. - The total liabilities reached RMB 204,074,976 thousand, an increase from RMB 196,915,600 thousand at the end of 2021[20]. Shareholder Information - The company’s major shareholder, China Datang Corporation, holds approximately 53.09% of the total issued shares[17]. - The total number of ordinary shareholders at the end of the reporting period is 165,428[44]. - The largest shareholder, China Datang Group Co., Ltd., holds 6,540,706,520 shares, accounting for 35.34% of the total shares[44]. - The total shares held by the top ten shareholders account for approximately 53.09% of the total issued shares[50]. Strategic Plans and Market Expansion - The company plans to expand its market presence through acquisitions, including the 100% stake acquisition of subsidiaries in the solar energy sector[5]. - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[17]. - The company completed the acquisition of 100% equity in two solar energy subsidiaries, enhancing its market presence in renewable energy[37]. - The company plans to continue expanding its renewable energy portfolio and enhance operational efficiency through strategic acquisitions and investments[37]. Research and Development - Research and development expenses for the third quarter of 2022 amounted to RMB 8,150 thousand, significantly higher than RMB 918 thousand in the same quarter of 2021[23]. - The company has made retrospective adjustments to financial statements in accordance with new accounting standards[66].

Financial Performance - The company's operating revenue for the third quarter reached RMB 31,651.5 million, an increase of 27.84% compared to RMB 24,758.2 million in the same period last year[4]. - The net profit attributable to shareholders of the listed company was a loss of RMB 635.6 million, improving by 60.78% from a loss of RMB 1,620.4 million year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of RMB 842.0 million, a decrease of 49.61% compared to a loss of RMB 1,671.0 million in the previous year[4]. - The basic earnings per share were RMB -0.0509, an improvement of 52.37% from RMB -0.1070 in the same period last year[4]. - The total operating profit for the first three quarters of 2022 was RMB 1,283,006 thousand, compared to RMB 632,225 thousand in the same period of 2021, representing a 103% increase[25]. - Net profit for the first three quarters of 2022 reached RMB 574,272 thousand, a significant increase from RMB 32,316 thousand in 2021, marking a growth of 1,679%[25]. - The total comprehensive income attributable to the parent company for the first three quarters of 2022 was RMB 753,353 thousand, compared to RMB 33,551 thousand in 2021, indicating a substantial increase[26]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 294,854.0 million, a decrease of 0.56% from RMB 296,517.7 million at the end of the previous year[5]. - The equity attributable to shareholders of the listed company decreased by 4.88% to RMB 59,358.0 million from RMB 62,406.0 million at the end of the previous year[5]. - Total liabilities increased to CNY 222,073,839 as of September 30, 2022, compared to CNY 220,079,044 at the end of 2021, marking an increase of about 0.9%[21]. - The company’s total equity decreased to CNY 72,780,152 as of September 30, 2022, from CNY 76,438,609 at the end of 2021, indicating a decline of approximately 4.3%[22]. Cash Flow - The net cash flow from operating activities for the year-to-date was RMB 18,905.4 million, an increase of 16.74% compared to RMB 16,195.1 million in the previous year[4]. - Cash flow from investing activities decreased by 46.40% mainly due to increased capital expenditures for fixed asset construction[11]. - Cash flow from financing activities decreased by 40.37% primarily due to an increase in debt repayment amounts during the period[11]. - The company reported a net cash outflow from investing activities of RMB 10,829,744 thousand in the first three quarters of 2022, compared to RMB 7,397,367 thousand in 2021, indicating an increase in investment expenditures[70]. - The cash inflow from financing activities for the first three quarters of 2022 was RMB 124,897,695 thousand, significantly higher than RMB 82,039,259 thousand in 2021, reflecting a growth of approximately 52.4%[70]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 165,428[11]. - The largest shareholder, China Datang Corporation, holds 6,540,706,520 shares, accounting for 35.34% of total shares[12]. - The second largest shareholder, HKSCC NOMINEES LIMITED, holds 6,084,988,247 shares, representing 32.88% of total shares[12]. Non-Recurring Gains and Adjustments - The company reported non-recurring gains of RMB 206.4 million for the year-to-date, with significant contributions from asset disposals and government subsidies[7]. - The company has made adjustments to its financial statements in accordance with new accounting standards, impacting the reported figures for revenue recognition[6]. - The company reported a significant reduction in credit impairment losses by 99.89% compared to the previous period[10]. Strategic Acquisitions and Investments - The company completed the acquisition of 100% equity in two solar energy subsidiaries under the same controlling group, enhancing its market position[41]. - The company aims to expand its market presence through strategic acquisitions and investments in renewable energy sectors[41].

Financial Performance - The company's operating revenue was approximately RMB 55.598 billion, an increase of about 9.99% compared to the first half of 2021[7]. - The total profit before tax was approximately RMB 2.024 billion, a decrease of about 37.43% compared to the first half of 2021[8]. - The net profit attributable to equity holders of the company was approximately RMB 1.440 billion, a decrease of about 19.22% compared to the first half of 2021[8]. - Basic earnings per share attributable to shareholders was approximately RMB 0.0382, a decrease of RMB 0.0197 per share compared to the first half of 2021[7]. - Operating profit decreased to RMB 4,119,011 thousand, down 19.7% from RMB 5,133,045 thousand year-over-year[37]. - Net profit for the period was RMB 1,368,530 thousand, a decline of 44% compared to RMB 2,440,478 thousand in the previous year[38]. - Total comprehensive income for the period was RMB 1,575,485 thousand, compared to RMB 2,415,910 thousand in the prior year, reflecting a decrease of 34.8%[38]. - The company reported a total profit of RMB 2,023,648 thousand under International Financial Reporting Standards for the six months ended June 30, 2022, down from RMB 3,234,277 thousand in the previous year[64]. - The company's profit for the six months ended June 30, 2022, was RMB 707,821,000, a decrease of 34% compared to RMB 1,070,629,000 for the same period in 2021[75]. Revenue and Sales - Operating revenue for the six months ended June 30, 2022, was RMB 55,597,855 thousand, an increase of 10.1% from RMB 50,549,185 thousand in the same period of 2021[37]. - The revenue from electricity and heat sales was RMB 52,072,169,000, compared to RMB 47,837,081,000 in the previous year, reflecting a growth of 4.9%[57]. - The total revenue for the first half of 2022 was RMB 18,506,711 thousand, compared to RMB 14,338,410 thousand in the same period last year[149]. - The total revenue from coal sales and transportation by Datang (Beijing) Coal Sales Co., Ltd. was RMB 229,231,000 for the six months ended June 30, 2022, compared to RMB 37,980,000 in the same period of 2021, representing a significant increase of 503.5%[98]. - The company reported a total inter-segment revenue of RMB 4,736,213 thousand for the six months ended June 30, 2022, compared to RMB 3,388,207 thousand in the same period of 2021, indicating an increase of approximately 39.9%[169]. Operating Costs and Expenses - The total operating costs amounted to approximately RMB 51.479 billion, an increase of about RMB 6.063 billion or 13.35% compared to the same period last year[12]. - The company reported a decrease in total operating costs to RMB 51,478,844 thousand from RMB 45,416,140 thousand year-over-year, reflecting a rise in fuel costs[145]. - The total cost of property, plant, and equipment purchased in the six months ended June 30, 2022, was RMB 4,116,150,000, an increase from RMB 3,436,471,000 in the same period of 2021[76]. - The company's environmental protection costs were RMB 1,316,813,000 for the six months ended June 30, 2022, compared to RMB 1,418,477,000 in the previous year[73]. Assets and Liabilities - As of June 30, 2022, the company's total assets were approximately RMB 293.315 billion, a decrease of about RMB 3.334 billion compared to the end of 2021[12]. - The company's debt-to-asset ratio was 72.56% as of June 30, 2022[12]. - The total liabilities as of June 30, 2022, were RMB 212,807,304 thousand, down from RMB 220,079,044 thousand at the end of 2021, representing a decrease of approximately 3.3%[171]. - The company's total liabilities decreased to RMB 26,768,512,000 as of June 30, 2022, from RMB 30,878,506,000 at the end of 2021, a reduction of approximately 13%[190]. - The company's net current liabilities were approximately RMB 50,969,193 thousand, with available bank financing exceeding RMB 150 billion, ensuring sufficient liquidity for operational needs[154]. Financing and Capital Structure - The company has raised approximately HKD 62.22 billion from the issuance of 2,794,943,820 H shares, with funds primarily allocated for general corporate purposes[21]. - The company issued a total of RMB 9.55 billion in ultra-short-term financing bonds during the reporting period[26]. - The company issued RMB 13.29 billion in medium-term notes, including RMB 290 million in the first batch of transformation bonds[26]. - The company redeemed a perpetual bond, paying a total of RMB 4.1884 billion in principal and interest[26]. - The company continues to pledge its H-shares to Wing Lung Bank, with the pledge period extended until March 17, 2025[6]. - The company issued perpetual bonds totaling RMB 7,000,000,000 with a coupon rate ranging from 2.97% to 3.18%, netting RMB 6,997,776,000 after issuance costs[85]. Governance and Compliance - The board of directors recommended not to declare an interim dividend for 2022[15]. - The company confirmed that its public float of H-shares and A-shares complies with listing rules as of June 30, 2022[33]. - The audit committee reviewed the interim results and confirmed compliance with applicable accounting standards[35]. - The company has maintained compliance with the Corporate Governance Code during the reporting period, with no significant deviations noted[30]. - The company has not engaged in the purchase, sale, or redemption of its listed securities during the reporting period[29]. Employee and Management - As of June 30, 2022, the total number of employees in the group was 32,641, with a focus on performance-oriented salary management[13]. - The board of directors has undergone changes, with new appointments including Jin Rifeng as deputy general manager and Sun Yanwen as chief accountant[26][28]. Strategic Initiatives - The company aims to maximize efficiency by implementing lean management principles across all operational processes, including safety production and investment development[14]. - The company is focused on enhancing profitability by optimizing asset structure and controlling costs while exploring new financing categories[14]. - The company plans to continue expanding its new energy resources and improve project implementation capabilities[14]. - The company continues to focus on resource allocation and performance evaluation based on pre-tax profits under Chinese accounting standards[62]. - The company plans to continue expanding its power generation capacity and coal trading operations to enhance revenue streams in the upcoming periods[153].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 50,549,185 thousand, representing a year-on-year increase of 9.99% due to the rise in average electricity settlement prices[14]. - The net profit attributable to shareholders decreased by 20.82% to CNY 1,767,745 thousand, primarily due to a significant increase in fuel costs[14]. - The basic earnings per share (EPS) fell by 36.67% to CNY 0.0361, while the diluted EPS also decreased by 36.67%[15]. - The net cash flow from operating activities was CNY 10,758,487 thousand, reflecting a year-on-year increase of 19.50%[14]. - The total assets of the company were CNY 296,517,653 thousand, showing a slight decrease of 1.12% compared to the end of the previous year[14]. - The weighted average return on equity (ROE) was 2.22%, down by 0.33 percentage points from the previous year[15]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 49.22% to CNY 2,233,676 thousand[14]. - The company reported a net profit attributable to shareholders of 706 thousand RMB from subsidiaries under common control[20]. - The company reported a net profit of 1,134,249 thousand RMB for the first half of 2022, a decrease of 49.22% compared to the same period last year[87]. - The company's total equity increased to CNY 82,275,164, compared to CNY 77,036,030 in the previous period[96]. Operating Costs and Expenses - Operating costs rose to 50,050,420 thousand RMB, reflecting a 16.20% increase from 43,072,275 thousand RMB year-over-year[26]. - The company incurred research and development expenses of CNY 8, a significant decrease from CNY 801 in the previous year, indicating a reduction of 99.0%[100]. - The financial expenses for the first half of 2022 were CNY 504,262, up from CNY 444,074 in the previous year, indicating an increase of 13.6%[100]. - The company reported a financial expense of CNY 3,372,502, compared to CNY 3,246,579 in the first half of 2021[98]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 19.50% to 12,856,090 thousand RMB, up from 10,758,487 thousand RMB in the previous year[26]. - The company's cash and cash equivalents at the end of the period amounted to 12,901,079 thousand RMB, an increase from 11,273,676 thousand RMB at the beginning of the period, representing a growth of approximately 14.43%[188]. - The company reported a total cash outflow from investment activities of 2,407,737 thousand RMB, compared to 1,415,859 thousand RMB in the previous year[106]. - The net cash flow from financing activities was -713,781 thousand RMB, a decrease from a positive cash flow of 1,354,194 thousand RMB in the previous year[106]. Assets and Liabilities - The total liabilities due within one year increased by 41.44% to 22,009,475 thousand RMB, compared to 15,561,509 thousand RMB at the end of the previous year[29]. - The company's total liabilities increased significantly, with borrowings reaching 66,403,130 thousand RMB, up from 41,596,610 thousand RMB in the previous year[104]. - The company's asset-liability ratio improved to 72.58% from 74.22% at the end of the previous year, reflecting a decrease of 2.21%[87]. - Total current assets decreased from 45,659,226 thousand RMB to 43,162,791 thousand RMB, a decline of approximately 5.5%[91]. Investments and Capital Expenditures - The company's total long-term equity investment during the reporting period was 19,626,124 thousand RMB, with an increase of 1,663,757 thousand RMB compared to 17,962,367 thousand RMB in the previous year[34]. - The company has a total of 396,881 thousand RMB in notes receivable that have been endorsed or discounted but not yet matured[190]. - The company has a total of 48,494 thousand RMB in notes receivable at the end of the period, down from 64,571 thousand RMB at the beginning, indicating a decrease of approximately 24.93%[189]. Renewable Energy Projects - The company is actively expanding into new energy service areas, including the construction of virtual power plants[24]. - The company added 224.2 MW of new installed capacity, all from renewable energy sources, increasing the proportion of low-carbon clean energy to 30.5%[22]. - The company has multiple renewable energy projects with varying capacities, including 15 MW projects in Inner Mongolia and Yunnan, and 12.5 MW projects in Liaoning and Jiangsu[178]. - The company is expanding its wind and solar energy projects across several provinces, with significant projects in Ningxia and Inner Mongolia set to be completed by 2030[182]. Environmental Responsibility and Compliance - The company has implemented pollution prevention facilities, including desulfurization, denitrification, and wastewater treatment, all of which meet or exceed national emission standards[45]. - All subsidiaries have established emergency response plans for environmental incidents, with no such incidents reported in the first half of 2022[47]. - The company has committed to avoid direct or indirect competition with its controlling shareholder, Datang Group, in power project development[55]. - The company has made significant progress in green energy transition, increasing the proportion of clean energy while optimizing energy efficiency in existing coal-fired power plants to reduce carbon emissions[52]. Governance and Management - The company is focusing on enhancing its governance structure to improve decision-making efficiency and operational effectiveness[24]. - The company has made changes in its board and management, including the election of new independent directors and the appointment of a new chief accountant[42]. - The company has not faced any major litigation or arbitration matters during the reporting period[59]. Tax Incentives and Government Support - The company is leveraging tax incentives for its renewable energy projects, with various deadlines for tax benefits extending into the next decade[181]. - Tax incentives are applicable for Jiangxi Datang International Shicheng Wind Power Co., Ltd., with benefits valid until December 31, 2024[180]. - The company has extended tax incentives for heating enterprises until the end of the 2023 heating season, which may positively impact operational costs[187]. Shareholder Information - The company’s top shareholder, China Datang Group Co., Ltd., holds 6,540,706,520 shares, representing 35.34% of the total shares[75]. - The company had a total of 201,896 common stock shareholders by the end of the reporting period[74]. - The company’s total amount of guarantees provided to subsidiaries was 2,887,060 thousand RMB, with a total guarantee amount of 4,663,574 thousand RMB for three major guarantees[73].

Financial Performance - The company's operating revenue for Q1 2022 was RMB 29,799,681,000, an increase of 18.12% compared to RMB 25,228,901,000 in the same period last year[4] - The net profit attributable to shareholders of the listed company was a loss of RMB 409,163,000, representing a decrease of 144.32% compared to a profit of RMB 923,243,000 in the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of RMB 489,203,000, a decrease of 155.47% compared to RMB 881,868,000 in the same period last year[4] - The basic earnings per share were -0.0415 yuan, a decrease of 236.63% compared to 0.0304 yuan in the same period last year[5] - The total profit amounted to -132,724 thousand RMB, down from 1,502,695 thousand RMB in the same quarter last year[18] - The comprehensive income total was -312,446 thousand RMB, compared to 1,117,806 thousand RMB in the previous year, indicating a substantial decline[19] - The total operating costs increased to 29,830,329 thousand RMB from 24,073,304 thousand RMB, reflecting a year-over-year increase of approximately 24.5%[18] Cash Flow - The net cash flow from operating activities was RMB 5,519,401,000, an increase of 7.78% compared to RMB 5,121,003,000 in the same period last year[4] - The cash inflow from operating activities totaled 33,397,234 thousand RMB, up from 26,472,180 thousand RMB, reflecting a growth of about 26%[20] - The investment activities generated a net cash flow of -2,565,481 thousand RMB, worsening from -1,464,409 thousand RMB in the previous year[20] - The net cash flow from financing activities was -3,635,388 thousand RMB, compared to -2,757,268 thousand RMB in the previous year, indicating a decline in cash flow from financing[21] Assets and Liabilities - The total assets at the end of the reporting period were RMB 291,668,995,000, a decrease of 1.51% compared to RMB 296,135,629,000 at the end of the previous year[5] - The total liabilities were RMB 215,609,534 thousand, down from RMB 219,800,661 thousand in the previous year[17] - The total equity attributable to shareholders was RMB 61,997,844 thousand, slightly decreased from RMB 62,302,362 thousand[17] - The company's total current assets were reported at 45,637,102 thousand RMB, while total non-current assets were 250,498,527 thousand RMB[23] - The company's short-term borrowings stood at 39,277,353 thousand RMB, indicating a significant portion of liabilities is short-term[24] - The company's long-term borrowings were reported at 102,615,860 thousand RMB, contributing to the overall debt structure[24] Research and Development - The company's R&D expenses increased by 36.83%, indicating a commitment to enhancing research and development efforts[8] - Research and development expenses rose to 1,122 thousand RMB, up from 820 thousand RMB, indicating a 37% increase year-over-year[18] Accounts Receivable and Inventory - The company reported a significant increase in accounts receivable by 122.75%, primarily due to an increase in bill settlement ratios with the power grid company[8] - The company experienced a decrease in inventory by 42.46%, attributed to a decline in coal procurement prices compared to the previous quarter[8] - Accounts receivable increased to RMB 18,899,348 thousand from RMB 18,359,505 thousand year-over-year[15] - Inventory decreased to RMB 3,592,926 thousand from RMB 6,244,631 thousand in the previous year[15] Government Subsidies - The company received government subsidies amounting to RMB 49,006,000, mainly related to energy-saving renovation projects and tax reductions[6]

Financial Performance - The company's operating revenue for the first quarter reached RMB 29,799,681, an increase of 18.12% compared to RMB 25,094,878 in the same period last year[4]. - The net profit attributable to shareholders of the listed company was -RMB 409,163, representing a decrease of 144.32% from RMB 808,543 in the previous year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -RMB 489,203, down 155.47% from RMB 767,168 in the same period last year[4]. - Basic earnings per share were -RMB 0.0415, a decrease of 236.63% from RMB 0.0242 in the previous year[4]. - The comprehensive income total for Q1 2022 was a loss of RMB 312,446 thousand, contrasting with a total of RMB 1,117,806 thousand in Q1 2021[32]. - The company experienced a significant increase in operating costs due to rising coal prices, impacting net profit and earnings per share[51]. Cash Flow - The net cash flow from operating activities was RMB 5,519,401, an increase of 7.78% compared to RMB 5,121,003 in the previous year[4]. - Operating cash inflow for Q1 2022 was $33,397,234, an increase of 26.5% compared to $26,472,180 in Q1 2021[35]. - Total cash outflow for operating activities in Q1 2022 was $27,877,833, compared to $21,351,177 in Q1 2021, indicating a 30.5% increase[36]. - Cash inflow from financing activities in Q1 2022 totaled $27,198,333, significantly higher than $13,421,518 in Q1 2021, driven by increased borrowings[38]. - The company reported a net cash flow from financing activities of -$3,635,388 in Q1 2022, compared to -$2,757,268 in Q1 2021, indicating increased financial strain[38]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 291,668,995, a decrease of 1.51% from RMB 295,967,700 at the end of the previous year[4]. - The total liabilities as of March 31, 2022, were RMB 215,609,534 thousand, a decrease from RMB 219,800,661 thousand as of December 31, 2021[22]. - Current liabilities total 94,882,477,000 RMB, slightly down from 96,022,088,000 RMB at the end of 2021[21]. - Cash and cash equivalents stand at 10,579,749,000 RMB, down from 11,258,406,000 RMB[19]. - The company reported a retained earnings deficit of -11,812,179 as of January 1, 2022, showing an improvement from -11,979,188 the previous year[44]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 209,921[9]. - The largest shareholder, China Datang Corporation, holds 6,540,706,520 shares, representing 35.34% of the total shares[10]. - HKSCC NOMINEES LIMITED holds 6,083,954,247 shares, accounting for 32.87% of the total shares, with a pledge of 3,275,623,820 shares[10]. - The top ten shareholders held a total of 82.42% of the shares, with China Datang Corporation holding 35.34%[55]. Research and Development - The company's research and development expenses increased by 36.83%, reflecting a commitment to enhance R&D investment[8]. - Research and development expenses for Q1 2022 amounted to RMB 1,122 thousand, an increase from RMB 820 thousand in Q1 2021[27]. Investment Income - The investment income decreased by 190.32% due to a decline in the performance of joint ventures[8]. - The company experienced a decline in investment income from joint ventures, reporting a loss of RMB 243,240 thousand in Q1 2022, compared to a gain of RMB 260,245 thousand in Q1 2021[28].

Financial Performance - The company's operating revenue for the year ended December 31, 2021, was RMB 103.4 billion, representing an increase from RMB 95.6 billion in 2020[20]. - The operating revenue for the year was approximately RMB 103.412 billion, an increase of about 8.16% compared to the previous year[37]. - The company reported a net loss attributable to ordinary shareholders of RMB 10.7 billion for the year 2021, compared to a profit of RMB 1.83 billion in 2020[20]. - The net loss attributable to equity holders of the company was approximately RMB 9.27 billion, a decrease of about RMB 12.26 billion compared to the end of 2020[42]. - The pre-tax loss for the year was approximately RMB 11.24 billion, a decrease of about 257.39% compared to the previous year[137]. - The basic loss per share attributable to shareholders was approximately RMB 0.5785, while the basic earnings per share attributable to shareholders in the previous year was approximately RMB 0.0989[137]. - The company did not recommend the distribution of a cash dividend for the fiscal year 2021[137]. - The company’s financial statements for 2021 were audited without any reservations, reflecting a true and fair view of its financial position[185]. Assets and Liabilities - As of December 31, 2021, the total assets of Datang International Power Generation Co., Ltd. amounted to approximately RMB 296.1 billion, with total liabilities of RMB 219.8 billion[21]. - As of December 31, 2021, the equity attributable to the owners of the company was RMB 29.4 billion[21]. - The total liabilities of the group were approximately RMB 219.8 billion, an increase of about RMB 30.9 billion compared to the end of 2020, primarily due to an increase in loan principal[42]. - As of December 31, 2021, the group had a debt ratio of approximately 74.24% and a net debt-to-equity ratio of approximately 207.30%[43]. - The group had cash and cash equivalents of approximately RMB 11.26 billion, with about RMB 0.11 billion in foreign currency deposits[43]. Operational Capacity and Development - The installed capacity reached 68,770.03 MW by the end of 2021, with clean and renewable energy accounting for 30.27% of the total capacity[16]. - In 2021, the company added 774.15 MW of new installed capacity, all of which were renewable energy units[8]. - The company achieved a total power generation of 272.925 billion kWh, indicating stable progress overall[30]. - The company approved 85 clean energy projects with a total capacity of 7,367.16 MW, including 1,862 MW from wind power and 4,585.16 MW from solar power[31]. - The company plans to accelerate the construction of large-scale clean energy bases, focusing on green and low-carbon transformation[78]. Governance and Management - The company is committed to enhancing governance and modernizing its governance capabilities, continuously improving its business management and compliance systems[36]. - The company has established a governance framework to ensure compliance with regulations and effective management practices[98]. - The board of directors consists of 15 members, including 5 independent non-executive directors, ensuring a diverse and professional background[85]. - The board has set up four specialized committees, including the nomination committee and audit committee, with independent directors holding a majority in three of them[87]. - The company has established a system for independent directors, ensuring their terms do not exceed 6 years, in compliance with regulatory requirements[97]. Human Resources and Training - The group employed 32,641 people as of December 31, 2021, and enhanced its performance evaluation system to better align compensation with core personnel and frontline workers[44]. - In 2021, the company provided training for 669,928 person-times, including 183,074 in management and technical training, and 470,125 in production skills[54]. - The company aims to strengthen its core competitiveness through targeted professional training and a long-term talent development mechanism[54]. - The company has a total of 913 employees with master's degrees or higher, and 18,241 with bachelor's degrees[52]. Environmental Commitment - Datang International has been actively pursuing a green low-carbon transformation, with significant progress in its renewable energy projects across multiple regions[8]. - The company is committed to increasing the proportion of renewable energy and accelerating the layout of new energy services to support carbon neutrality goals[46]. - The company has implemented environmental policies in compliance with relevant laws and regulations, focusing on sustainable operations[147]. Financial Management and Compliance - The company has established a system for managing insider information to ensure confidentiality and compliance with relevant laws and regulations[132]. - The audit committee confirmed the independence and objectivity of the auditors for the fiscal year 2021, with audit fees amounting to RMB 11.585 million[134]. - The company has complied with the disclosure requirements under the Listing Rules regarding related party transactions[176]. - The company confirmed that there were no instances of major shareholders misappropriating company funds during the internal control evaluation for 2021[90]. Strategic Outlook - The company is focused on expanding its renewable energy initiatives, aligning with national energy policies and market trends[59]. - Future outlook includes a commitment to technological innovation and the development of new energy solutions to meet growing market demands[60]. - The company aims to enhance safety management capabilities and ensure stable operational performance while adapting to the national unified electricity market system[45].

Financial Performance - The company's operating revenue for 2021 was CNY 103.41 billion, an increase of 8.16% compared to CNY 95.61 billion in 2020[19]. - The net profit attributable to shareholders of the listed company was a loss of CNY 9.26 billion, a decrease of 404.71% from a profit of CNY 3.04 billion in 2020[19]. - The net cash flow from operating activities was CNY 8.25 billion, down 69.18% from CNY 26.75 billion in the previous year[19]. - The total assets at the end of 2021 were CNY 295.97 billion, an increase of 5.58% from CNY 280.33 billion at the end of 2020[19]. - The net assets attributable to shareholders of the listed company decreased by 14.91% to CNY 62.14 billion from CNY 73.02 billion in 2020[19]. - The basic earnings per share for 2021 was -CNY 0.5782, compared to CNY 0.1017 in 2020, reflecting a significant decline[20]. - The weighted average return on net assets was -30.14% in 2021, a decrease of 34.64 percentage points from 4.50% in 2020[22]. - The company reported a total of 24,756,397 thousand yuan in restricted assets, including cash and fixed assets, due to various borrowing arrangements[53]. - The company reported a significant decrease in cash flow from operating activities, with a net cash flow of RMB 8.245 billion, down 69.18% year-on-year[37]. Revenue and Costs - Operating revenue for the year was approximately RMB 103.412 billion, an increase of 8.16% compared to the previous year[36]. - Operating costs rose to approximately RMB 104.362 billion, marking a significant increase of 33.87% year-on-year[36]. - Power sales revenue was approximately CNY 88.74 billion, up about 6.91% year-on-year, accounting for 87.46% of total revenue[41]. - Operating costs increased by approximately CNY 26.02 billion, a growth rate of about 33.49%, with fuel costs accounting for 63.05% of total operating costs[43]. Operational Highlights - The company achieved a total electricity generation of approximately 272.925 billion kWh in 2021, representing a year-on-year increase of about 1.54%[35]. - The company achieved a total installed capacity of 774.15 MW in 2021, comprising 446.05 MW from wind power and 328.10 MW from solar power[30]. - The company approved 85 power projects with a total capacity of 7,367.16 MW during the reporting period, including 1,862 MW from wind projects and 4,585.16 MW from solar projects[30]. - The total installed capacity reached 68,770.03 MW by the end of 2021, with a total asset value of approximately RMB 295.968 billion[32]. Strategic Initiatives - The company implemented a quality and efficiency improvement initiative, focusing on cost reduction and optimizing procurement strategies to stabilize operations[30]. - The company has made significant progress in its green transformation strategy, aligning with the "dual carbon" goals and enhancing its renewable energy project portfolio[30]. - The company plans to enhance its electricity sales business by increasing customer engagement and expanding service offerings in 2022[65]. - The company aims to enhance safety management capabilities and ensure compliance with safety production standards while maintaining operational stability[77]. Risks and Challenges - The company faces risks related to electricity demand and supply, with a slowdown in growth expected due to economic pressures and increased competition from renewable energy sources[79]. - Electricity price risks are heightened due to ongoing market reforms and increased competition, leading to downward pressure on prices[79]. - The coal market is expected to remain tight in 2022, with domestic coal prices fluctuating at relatively high levels, impacting the cost structure for thermal power companies[79]. Governance and Compliance - The company has established specialized committees, including a Strategic Development and Risk Control Committee and an Audit Committee, to enhance governance[114]. - The board of directors had a total of 10 members, with 3 independent directors participating in meetings[110]. - The company has a cash dividend policy that states that the profit distributed in cash will generally be 50% of the net profit of the parent company for the year under Chinese accounting standards[125]. - The company has implemented a performance evaluation system that links employee income to job value and performance contributions, ensuring that income can increase or decrease based on performance[122]. Future Outlook - The company expects a 5%-6% year-on-year growth in total electricity consumption for 2022, with quarterly growth rates projected to increase sequentially[75]. - The installed capacity of non-fossil energy power generation is expected to reach 50% of the total installed capacity by the end of 2022, with 18 million kilowatts of new non-fossil energy capacity projected to be put into operation[75]. - The company plans to improve market competitiveness by optimizing coal procurement strategies and enhancing cost control measures[78]. - The management emphasized a focus on sustainability initiatives, aiming for a 20% reduction in carbon emissions by 2025[90].

Financial Performance - The company's operating revenue for Q3 2021 was RMB 24,754,081 thousand, representing a year-on-year increase of 1.21%[4] - The net profit attributable to shareholders of the listed company was a loss of RMB 1,622,792 thousand, a decrease of 281.86% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of RMB 1,673,379 thousand, down 253.41% year-on-year[4] - The basic earnings per share for Q3 2021 was -0.1070 yuan, a decrease of 432.30% compared to the same period last year[5] - The diluted earnings per share for Q3 2021 was also -0.1070 yuan, reflecting the same percentage decrease of 432.30%[5] - The weighted average return on equity was -4.96%, a decrease of 6.37 percentage points year-on-year[5] - The net profit attributable to shareholders for the first three quarters of 2021 was negative at RMB -2,335,727 thousand, compared to a profit of RMB 405,069 thousand in the same period of 2020[18] - Net profit for Q3 2021 was reported at -¥102,532, compared to a net profit of ¥4,420,471 in Q3 2020, indicating a significant decline[22] - Operating profit for Q3 2021 was ¥497,377, down from ¥5,772,738 in Q3 2020, reflecting a decrease of approximately 91.4%[21] - Total comprehensive income for Q3 2021 was -¥101,297, compared to ¥4,357,045 in Q3 2020, showing a substantial decrease[22] - Basic earnings per share for Q3 2021 were -¥0.0571, compared to ¥0.0989 in Q3 2020, indicating a negative performance[22] Revenue and Costs - Total operating revenue for the first three quarters of 2021 reached RMB 75,148,326 thousand, an increase from RMB 68,936,667 thousand in the same period of 2020, representing a growth of approximately 17.5%[19] - Total operating costs for the first three quarters of 2021 were RMB 76,024,129 thousand, compared to RMB 63,533,738 thousand in 2020, indicating an increase of about 19.6%[19] - The company reported a significant increase in operating costs due to rising coal prices, impacting profitability[8] - The company reported a significant increase in operating costs due to rising coal prices, impacting net profit margins[34] Assets and Liabilities - Total assets at the end of the reporting period were RMB 281,290,560 thousand, an increase of 0.34% compared to the end of the previous year[5] - The total assets as of September 30, 2021, amounted to RMB 281,290,560 thousand, slightly up from RMB 280,333,508 thousand at the end of 2020[18] - The company's total liabilities reached RMB 192,551,910 thousand as of September 30, 2021, compared to RMB 188,940,952 thousand at the end of 2020, marking an increase of about 1.6%[18] - The company's total liabilities increased to ¥88,286,169 in Q3 2021, compared to ¥88,455,394 in Q3 2020, indicating a slight decrease[25] - The company's equity attributable to shareholders was RMB 71,857,789 thousand as of September 30, 2021, down from RMB 73,024,030 thousand at the end of 2020, indicating a decrease of about 1.6%[18] Cash Flow - The net cash flow from operating activities for the year-to-date was RMB 16,195,064 thousand, down 24.74% year-on-year[4] - The company reported a net cash flow from operating activities of ¥16,195,064 for the first nine months of 2021, down from ¥21,519,492 in the same period of 2020[24] - The company's operating cash flow for the first nine months of 2021 was 16,195,064 thousand RMB, down from 21,519,492 thousand RMB in the same period of 2020, indicating a decline of about 25%[51] - The investment activities generated a net cash outflow of -7,397,367 thousand RMB in the first nine months of 2021, compared to -7,178,948 thousand RMB in the same period of 2020[51] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 200,117[9] - The top ten shareholders held a total of 6,540,706,520 shares, accounting for 35.34% of the total shares[36] Other Financial Metrics - The company's cash and cash equivalents stood at RMB 10,593,118 thousand as of September 30, 2021, up from RMB 8,274,612 thousand at the end of 2020, representing an increase of approximately 28%[16] - Cash and cash equivalents at the end of Q3 2021 totaled ¥10,407,067, up from ¥9,524,632 at the end of Q3 2020[25] - The company incurred financial expenses of 4,866,136 thousand RMB in Q3 2021, down from 5,057,032 thousand RMB in Q3 2020[47] - The company received government subsidies amounting to 32,343 thousand RMB during the quarter, totaling 136,704 thousand RMB for the year-to-date[32] - The company's inventory as of September 30, 2021, was RMB 3,204,215 thousand, slightly up from RMB 3,145,945 thousand at the end of 2020[42] - The company’s long-term borrowings as of September 30, 2021, were RMB 94,532,923 thousand, an increase from RMB 92,151,095 thousand at the end of 2020[44] - The company reported a decrease in accounts receivable from RMB 15,147,362 thousand in 2020 to RMB 16,283,046 thousand in 2021, reflecting an increase of approximately 7.5%[16] - The company’s other income increased to 276,918 thousand RMB in Q3 2021, compared to 137,518 thousand RMB in Q3 2020[47] - The company's cash and cash equivalents as of September 30, 2021, amounted to RMB 10,593,118 thousand, up from RMB 8,274,612 thousand at the end of 2020, reflecting a growth of approximately 28%[42]

Financial Performance - The operating revenue for the first half of 2021 was approximately RMB 50.394 billion, an increase of about 13.30% compared to the same period in 2020[5]. - The total profit before tax was approximately RMB 3.102 billion, a decrease of about 14.36% year-on-year[5]. - The net profit attributable to equity holders of the company was approximately RMB 1.651 billion, down about 10.36% from the previous year[5]. - The basic earnings per share attributable to shareholders was approximately RMB 0.0507, a decrease of RMB 0.0195 per share compared to the same period last year[6]. - The net profit for the group was approximately RMB 2.308 billion, representing a decrease of about 14.61% year-on-year[10]. - The company's operating profit for the same period was RMB 5,000,605 thousand, down 22.7% from RMB 6,472,309 thousand in the previous year[35]. - The company reported a total comprehensive income of RMB 2,283,470 thousand for the period, down from RMB 2,609,708 thousand in the previous year[37]. - The company reported a net loss of RMB 543,047 thousand for the period, compared to a profit of RMB 1,299,297 thousand in the previous period[41]. - The company's profit attributable to owners for the six months ended June 30, 2021, was RMB 939,131,000, compared to RMB 1,299,297,000 for the same period in 2020, indicating a decrease of 27.8%[66]. Revenue and Sales - The total electricity generation during the reporting period was approximately 132.0788 billion kWh, representing a year-on-year increase of about 8.58%[7]. - The revenue from electricity and heat sales was RMB 47,682,141 thousand, up from RMB 40,427,900 thousand, representing a growth of 17.6%[49]. - The profit from the electricity and heat segment was RMB 2,715,616 thousand, while the coal segment reported a profit of RMB 424,370 thousand, leading to a total segment profit of RMB 3,058,792 thousand[53]. - Major customer A1 contributed RMB 7,208,693 thousand in revenue for the six months ended June 30, 2021, compared to RMB 6,826,199 thousand in the same period of 2020[60]. - The coal sales revenue was RMB 181,313 thousand, significantly down from RMB 1,087,563 thousand in the previous year, indicating a decline of 83.3%[49]. Operating Costs and Expenses - The total operating costs for the period were approximately RMB 45.394 billion, an increase of about RMB 7.388 billion or 19.44% year-on-year, primarily due to rising coal prices[8]. - The total operating costs for the six months ended June 30, 2021, amounted to RMB 5,033,522,000, an increase from RMB 4,978,266,000 in the same period of 2020, reflecting a rise of approximately 1.1%[64]. - The total other operating costs for the six months ended June 30, 2021, included significant expenses such as environmental protection fees of RMB 1,418,477,000 and electricity costs of RMB 202,815,000[64]. Assets and Liabilities - As of June 30, 2021, the group's total assets amounted to approximately RMB 280.857 billion, an increase of about RMB 3.86 billion compared to the end of 2020[10]. - The total liabilities of the group were approximately RMB 189.571 billion, an increase of about RMB 609 million from the end of 2020[11]. - The total assets as of June 30, 2021, amounted to RMB 280,745,254 thousand, slightly up from RMB 280,333,508 thousand as of December 31, 2020[55]. - The total liabilities as of June 30, 2021, were RMB 189,547,679 thousand, compared to RMB 188,940,952 thousand at the end of 2020[56]. - The total equity amounted to RMB 91,285,908 thousand, slightly down from RMB 91,509,331 thousand at the end of 2020[40]. Employee and Management - The group had approximately 31,872 employees as of June 30, 2021, with a total salary management focusing on performance orientation[12]. - Short-term employee benefits for key management personnel increased to 6,514 thousand RMB, compared to 4,808 thousand RMB in the previous year, reflecting an increase of approximately 35.4%[96]. Dividends and Shareholder Returns - The board of directors recommended not to distribute an interim dividend for the year 2021[15]. - The company declared a final dividend of RMB 0.091 per share for the year ended December 31, 2020, totaling approximately RMB 1,684,111,000, compared to RMB 1,202,936,000 for the same period in 2020[65]. Environmental and Sustainability Initiatives - The company is committed to accelerating green and low-carbon transformation, focusing on clean energy projects and innovative technologies such as CCUS and hydrogen energy[14]. - The company issued a total of RMB 12 billion in green medium-term notes for carbon neutrality initiatives as of the report date[27]. Financing and Capital Management - The company plans to optimize financing structure and reduce capital costs while addressing underperforming assets[14]. - The company raised approximately HKD 62.22 billion from the issuance of 2,794,943,820 H-shares and RMB 83.34 billion from the issuance of 2,401,729,106 A-shares in March 2018[21]. - The company plans to continue exploring financing options and refinancing strategies to manage its debt effectively in the coming year[46]. - The company’s directors believe that it has the ability to repay debts maturing within the next twelve months, supporting its ongoing operations[46]. Related Party Transactions - For the six months ended June 30, 2021, the group reported significant related party transactions, including fuel procurement from China Datang Group amounting to RMB 3,124,101 thousand, an increase from RMB 2,457,147 thousand in the same period of 2020[85]. - The total revenue from related party transactions with China Datang Group for the six months ended June 30, 2021, was substantial, reflecting the group's reliance on these transactions for operational support[89].