表决结果：同意 15 票，反对 0 票，弃权 0 票 1.同意发布公司 2025 年第一季度报告。 证券代码：601991 证券简称：大唐发电 公告编号：2025-020 大唐国际发电股份有限公司 董事会决议公告 特别提示 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 大唐国际发电股份有限公司（"大唐国际"或"公司"）第十一届四十一次 董事会于 2025 年 4 月 28 日（星期一）在公司本部召开。会议通知已于 2025 年 4 月 11 日以书面形式发出。会议应到董事 15 名，实到董事 15 名。会议的召开 符合《中华人民共和国公司法》和《大唐国际发电股份有限公司章程》（"《公 司章程》"）的规定，会议合法有效。公司 4 名监事列席了本次会议。根据《公 司章程》规定，会议由董事长李凯先生主持。经出席会议的董事表决，会议审议 并一致通过如下决议： 一、审议通过《关于2025年第一季度报告的议案》 2.本议案在提交董事会审议前已经董事会审核委员会审议通过。 二、审议通过《关于投资建设四川长河坝水光互补一期（丹巴）50 ...

Financial Performance - The company's operating revenue for the first quarter was CNY 30,206,052, a decrease of 1.74% compared to the same period last year[7] - Net profit attributable to shareholders increased by 68.12% to CNY 2,238,433 compared to CNY 1,331,460 in the previous year[7] - Basic and diluted earnings per share increased by 98.81% to CNY 0.1004, up from CNY 0.0505 in the previous year[7] - The net profit for Q1 2025 was CNY 2,744,617 thousand, an increase of 58.2% compared to CNY 1,736,282 thousand in Q1 2024[39] - The total comprehensive income for Q1 2025 was CNY 2,744,006 thousand, up from CNY 1,736,401 thousand in Q1 2024[41] - The total revenue for Q1 2025 was CNY 3,252,346 thousand, compared to CNY 2,129,893 thousand in Q1 2024, representing a growth of 52.7%[39] - The operating profit for Q1 2025 was CNY 3,242,702 thousand, an increase of 53.2% from CNY 2,114,094 thousand in Q1 2024[39] - The income tax expense for Q1 2025 was CNY 507,729 thousand, compared to CNY 393,611 thousand in Q1 2024, indicating a rise of 29.0%[39] - The company reported a net profit margin improvement, with net income for Q1 2025 expected to reflect better cost management strategies[38] Cash Flow - The net cash flow from operating activities rose by 51.00% to CNY 9,312,542, driven by lower fuel costs[7] - Net cash flow from operating activities for Q1 2025 was $6,167,179, a decrease of approximately 33.0% from $9,312,542 in Q1 2024[44] - Cash inflow from operating activities for Q1 2025 was $33,866,310, compared to $32,955,129 in Q1 2024, representing an increase of approximately 2.75%[43] - Cash outflow from operating activities for Q1 2025 was $27,699,131, compared to $23,642,587 in Q1 2024, indicating an increase of about 16.5%[44] - Cash inflow from financing activities totaled 35,787,910, an increase from 23,576,990 in the previous period, reflecting a growth of approximately 51.5%[46] - Net cash flow from financing activities was -2,318,303, compared to -1,050,754 in the prior period, indicating a decline in financing efficiency[46] - The ending balance of cash and cash equivalents was 10,214,452, slightly down from 10,446,561 in the previous period[46] - The net increase in cash and cash equivalents was 3,006,464, compared to 1,953,581 in the prior period, showing an increase of approximately 53.9%[46] Assets and Liabilities - Total assets at the end of the reporting period were CNY 322,645,370, reflecting a slight increase of 0.01% from the previous year[9] - The company's total assets as of March 31, 2025, amounted to CNY 322,645,370, slightly up from CNY 322,601,537 at the end of 2024[36] - Current liabilities decreased to CNY 91,382,133 in Q1 2025 from CNY 100,883,091 in Q1 2024, reflecting a reduction of approximately 9.93%[34] - Long-term borrowings increased to CNY 118,130,137 in Q1 2025 from CNY 117,093,432 in Q1 2024, showing a growth of about 0.89%[35] - The total liabilities as of March 31, 2025, were CNY 224,657,814, a decrease from CNY 229,117,953 at the end of 2024[35] Shareholder Information - Total number of common shareholders at the end of the reporting period is 174,969[26] - The largest shareholder, China Datang Corporation, holds 6,540,706,520 shares, representing 35.34% of total shares[27] - HKSCC Nominees Limited, the second largest shareholder, holds 6,090,486,027 shares, accounting for 32.91%[27] - The total shares held by China Datang Corporation and its subsidiaries account for approximately 53.04% of the total issued shares[29] - The company has not reported any changes in the participation of major shareholders in financing or lending activities[30] Investment Activities - Investment income surged by 296.02%, primarily due to losses from equity disposals in the previous period[24] - The company acquired 95% of the shares in a subsidiary, Da Tang Solar Industry (UK) Limited, which will impact the financial results for the first quarter[10] - The company reported a significant increase in investment income from joint ventures and associates, with a total of CNY 96,719 thousand in Q1 2025 compared to CNY 90,346 thousand in Q1 2024[39] Operational Efficiency - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency and drive future growth[38]

Financial Performance - The operating revenue for 2024 was RMB 123.47 billion, showing a slight increase compared to RMB 122.43 billion in 2023[29]. - The pre-tax profit for 2024 was RMB 8.67 billion, a significant recovery from a loss of RMB 11.08 billion in 2021[29]. - The company’s equity attributable to owners was RMB 30.22 billion as of December 31, 2024, compared to RMB 27.44 billion in 2023[30]. - The total operating costs decreased to approximately RMB 112.323 billion, a reduction of about RMB 2.075 billion or 1.81% due to lower fuel costs[53]. - The total profit before tax from continuing operations was approximately RMB 8.666 billion, an increase of about 51.88% year-on-year[55]. - The net profit attributable to equity holders of the company was approximately RMB 4.538 billion, compared to RMB 1.440 billion in the previous year[55]. - The company reported a significant increase in revenue, achieving a total of 10 billion yuan, representing a 15% year-over-year growth[1]. - The company reported a significant increase in revenue, achieving a total of $1.2 billion, representing a 15% year-over-year growth[1]. Asset and Liability Management - As of the end of 2024, the total assets of the company reached approximately RMB 322.62 billion, with an installed capacity of 79,111.227 MW[11]. - The total liabilities of the company as of December 31, 2024, were RMB 229.19 billion, reflecting an increase from RMB 215.74 billion in 2023[30]. - As of December 31, 2024, total assets amounted to approximately RMB 322.624 billion, an increase of about RMB 18.345 billion from the end of 2023[56]. - The total liabilities reached approximately RMB 229.190 billion, an increase of about RMB 13.448 billion, primarily due to financing needs for power project construction[56]. - The company issued medium-term notes and short-term financing bonds totaling RMB 16 billion during the year, effectively lowering the overall financing cost[49]. - The company raised RMB 39.77 billion in debt financing and RMB 3.5 billion in equity financing in 2024[172]. Energy Production and Capacity - The company generated approximately 285.15 billion kWh of electricity in 2024, with a grid-connected electricity output of about 269.32 billion kWh[14]. - The company added 6,700.263 MW of new installed capacity in 2024, with the proportion of low-carbon clean energy installed capacity increasing to 40.37%, up by 2.62 percentage points from the end of the previous year[12]. - The total installed capacity of the company reached approximately 79,111.227 MW, with a new installed capacity of 6,700.263 MW during the reporting period, including 2,594.2 MW from wind power and 1,704.823 MW from solar power[46]. - The company approved a total capacity of 14,744.9 MW for power projects in 2024, including 4,660 MW for 3 coal-fired projects, 2,031.8 MW for 16 wind projects, and 8,053.1 MW for 245 solar projects[157]. - The company added 6,700.263 MW of new generating capacity in 2024, with 2,400 MW from coal-fired projects, 2,594.2 MW from wind projects, and 1,704.823 MW from solar projects, increasing the share of low-carbon clean energy installations to 40.37%[157]. Strategic Development and Future Plans - The company aims to achieve a green low-carbon transformation, focusing on "green low-carbon, multi-energy complementarity, efficient collaboration, and digital intelligence" as its development vision[11]. - The company plans to continue expanding its clean energy projects, particularly in solar and wind power, to meet the growing demand for renewable energy[12]. - The company is focusing on enhancing energy security capabilities and aims to create a new model for integrated management of coal power and new energy[35]. - The company plans to continue promoting high-quality development and cost leadership strategies, aiming for further operational efficiency and profitability[34]. - The company is actively pursuing green and low-carbon transformation, focusing on wind, solar, and hydropower development, while upgrading coal-fired power plants to reduce emissions[156]. - The company aims to expand into the clean heating market in northern cities and promote new energy low-carbon clean heating solutions to assist local governments in reducing carbon emissions[156]. - The company is exploring new business models in offshore wind power and is conducting research on projects like pumped storage, air storage, and carbon capture and utilization (CCUS)[156]. Governance and Compliance - The company emphasizes the importance of compliance and market-oriented operational mechanisms to enhance governance and management capabilities[36]. - The company has established a dedicated investor relations management team and has engaged with 287 investors and analysts through various communication channels in 2024[155]. - The company fully complied with the corporate governance code and has not faced any penalties from regulatory bodies in 2024[160]. - The company has adopted the principles and provisions of the corporate governance code as its governance benchmark[161]. - The board of directors consists of 15 members, including 5 independent non-executive directors, ensuring a diverse and professional background[175]. - The board established four specialized committees to enhance decision-making processes, with independent directors holding a majority in key committees[176]. - The company confirmed that no major shareholder has occupied the company's funds, ensuring compliance with relevant laws and regulations[180]. Workforce and Talent Development - The company employed 27,969 staff members, implementing a performance-based salary system to enhance employee motivation and align compensation with contributions[59]. - The workforce consists of 27,969 employees, with 83.41% being male and 16.59% female, indicating a significant gender imbalance in the workforce[67]. - The company emphasizes talent development and has implemented a comprehensive training plan to enhance the skills of its workforce, including a focus on high-end and urgently needed talent[70]. - The company has strengthened its leadership team by focusing on the selection of young executives, enhancing their training and evaluation systems[21]. - A comprehensive performance evaluation system has been established, incorporating monthly, annual, and special assessments to enhance incentive mechanisms[21]. Risk Management - The company faces risks related to electricity generation, with new energy generation capacity expected to reach 1.45 billion kilowatts in 2024, surpassing coal-fired generation for the first time, leading to a decline in coal machine utilization hours[60]. - To mitigate electricity and price risks, the company will enhance operational optimization and participate actively in the national unified electricity market, aiming to increase external transaction volumes[62]. - The company anticipates a significant risk of declining electricity prices due to a stable downward trend in coal prices and increased uncertainty from the entry of new energy into the market[63].

Financial Performance - The company's operating revenue for Q1 2025 was CNY 30,206,052, a decrease of 1.74% compared to CNY 30,737,100 in the same period last year[4] - Net profit attributable to shareholders increased by 68.12% to CNY 2,238,433 from CNY 1,331,460 year-on-year[4] - Basic and diluted earnings per share both increased by 98.81% to CNY 0.1004 from CNY 0.0505 in the previous year[5] - Net profit for Q1 2025 reached CNY 2,744,617, representing an increase of 58.2% from CNY 1,736,282 in Q1 2024[21] - Earnings per share for Q1 2025 were CNY 0.1004, compared to CNY 0.0505 in Q1 2024, reflecting a 98.0% increase[22] - The company reported an increase in investment income to CNY 105,079 in Q1 2025, up from CNY 26,534 in Q1 2024[21] - The company’s total comprehensive income for Q1 2025 was CNY 2,744,006, compared to CNY 1,736,401 in Q1 2024, indicating strong overall performance[22] Cash Flow - The net cash flow from operating activities rose by 51.00% to CNY 9,312,542, primarily due to lower fuel costs[4] - Cash flow from operating activities for Q1 2025 was CNY 9,312,542, an increase of 50.0% from CNY 6,167,179 in Q1 2024[25] - Cash flow from investing activities for Q1 2025 was negative CNY 3,987,523, worsening from negative CNY 3,163,950 in Q1 2024[25] - Cash flow from financing activities for Q1 2025 was negative CNY 2,318,303, compared to negative CNY 1,050,754 in Q1 2024[25] - The net increase in cash and cash equivalents for the period was 3,006,464[26] - The beginning balance of cash and cash equivalents was 7,207,988[26] - The ending balance of cash and cash equivalents was 10,214,452[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 322,645,370, a slight increase of 0.01% from CNY 322,601,537 at the end of the previous year[5] - As of March 31, 2025, the total assets of the company amounted to RMB 322,645,370,000, showing a slight increase from RMB 322,601,537,000 as of December 31, 2024[14] - Total current liabilities decreased to RMB 91,382,133,000 from RMB 100,883,091,000, indicating a reduction of about 9.3%[16] - The company's long-term borrowings rose to RMB 118,130,137,000 from RMB 117,093,432,000, reflecting an increase of approximately 0.9%[16] - The total non-current liabilities increased to RMB 133,275,681,000 from RMB 128,234,862,000, an increase of about 3.5%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 174,969[10] - The company reported a total of 9,816,330,340 shares issued, representing approximately 53.04% of the total issued shares held by the parent company and its subsidiaries[12] - The company has pledged all of its H shares held by its subsidiary, which amounts to 3,275,623,820 shares, approximately 17.70% of the total share capital[12] Inventory and Receivables - The company's accounts receivable slightly decreased to RMB 20,853,252,000 from RMB 20,898,338,000, a decline of about 0.2%[14] - The company's inventory decreased to RMB 3,303,704,000 from RMB 4,824,979,000, a significant drop of approximately 31.5%[15] Investment and Acquisitions - The company acquired 95% of the shares in Datang Solar Industry (Yingde) Co., Ltd., leading to retrospective adjustments in financial data[5] - The company reported a significant increase in investment income by 296.02%, mainly due to losses from equity disposals in the previous period[8] Operating Costs - Total operating costs for Q1 2025 were CNY 27,122,200, down 5.84% from CNY 28,802,447 in Q1 2024[20]

Group 1 - The stock price of Datang International Power Generation Co., Ltd. (00991.HK) closed at HKD 1.840 on April 25, reflecting a 3.96% increase from the previous trading day, with an intraday high of HKD 1.860, marking a nearly one-year high [1] - On the same day, the net capital inflow was HKD 22.9671 million, with a total of HKD 57.66078 million flowing in and HKD 34.69364 million flowing out [1] Group 2 - Datang International Power Generation Co., Ltd. is a joint venture controlled by China Datang Corporation, established in 1994, and is the first Chinese enterprise listed in London and Hong Kong, as well as the first to be listed in Hong Kong, London, and Shanghai simultaneously [2] - The company is one of the largest independent power producers in China, operating across 19 provinces and regions, with a diversified portfolio including thermal, hydro, wind, and solar power generation, as well as coal, transportation, circular economy, and electricity sales [2] - Datang International is committed to achieving green and low-carbon transformation in line with the "dual carbon" goals, focusing on a vision of "green and low-carbon, multi-energy complementarity, efficient collaboration, and digital intelligence" [2] - The company is actively constructing projects such as the Tuo Electric Phase I and Weixian Phase I million renewable energy bases, and is accelerating the implementation of coal power joint ventures [2] - Datang International emphasizes its responsibility in ensuring energy supply and has been actively fulfilling national energy supply requirements, showcasing its role as a stabilizing force in the energy sector [2]

Financial Performance - The company's operating revenue for the year ended December 31, 2024, was approximately RMB 123.47 billion, representing a year-on-year increase of 0.86%[4] - The pre-tax profit reached approximately RMB 8.67 billion, an increase of 51.88% compared to the previous year[4] - Net profit attributable to equity holders of the company was approximately RMB 4.54 billion, a significant increase of 215.05% from RMB 1.44 billion in the previous year[4] - Basic earnings per share was approximately RMB 0.1646, compared to a loss of RMB 0.0114 in the previous year, marking a turnaround[4] - The operating profit for 2024 was RMB 11,150.991 million, significantly up from RMB 8,028.757 million in 2023, indicating an increase of approximately 38.4%[34] - The net profit for the year was RMB 6,898.952 million, compared to RMB 3,103.217 million in 2023, marking a substantial growth of around 122.5%[34] - The company's profit for the year 2024 reached RMB 6,898,952 thousand, a significant increase from RMB 3,103,217 thousand in 2023, representing a growth of approximately 122.5%[35] - Total comprehensive income for the year amounted to RMB 6,869,129 thousand, compared to RMB 3,366,913 thousand in 2023, indicating an increase of about 104.4%[35] - The net profit attributable to shareholders for 2024 was RMB 4,506,183,000, representing a significant increase of 229.70% compared to RMB 1,366,761,000 in 2023[72] Cost Management - The total operating costs for the year amounted to approximately RMB 112.32 billion, a decrease of about RMB 2.07 billion or 1.81% compared to the previous year, primarily due to a reduction in fuel costs[9] - The financial expenses for the year were approximately RMB 5.30 billion, a decrease of about RMB 0.465 billion or 8.06% compared to the previous year, mainly due to controlled financing costs[10] - The total operating costs decreased to RMB 112,322.638 million in 2024 from RMB 114,397.843 million in 2023, reflecting a reduction of about 1.82%[34] - Total employee costs for 2024 amounted to RMB 9,933,175, a decrease of 11.25% from RMB 11,188,331 in 2023[63] Asset and Liability Management - As of December 31, 2024, the total assets of the group were approximately RMB 322.62 billion, an increase of about RMB 18.35 billion compared to the end of 2023, mainly due to the increase in property, plant, and equipment from power project construction[12] - As of December 31, 2024, the total liabilities of the group were approximately RMB 229.19 billion, an increase of about RMB 13.45 billion compared to the end of 2023, primarily due to increased financing needs for power project construction[12] - The group had cash and cash equivalents of approximately RMB 7.73 billion, with about RMB 0.137 billion in foreign currency deposits[13] - The group has a debt ratio of approximately 71.04% and a net debt-to-equity ratio of approximately 190.07%[13] - The company's accounts receivable increased to RMB 21,142,490,000 in 2024 from RMB 19,853,637,000 in 2023, after accounting for impairment provisions[67] - The total liabilities, including accounts payable and contract liabilities, rose to RMB 30,984,525,000 in 2024, compared to RMB 28,678,392,000 in 2023[70] Dividend and Shareholder Returns - The company plans to distribute a cash dividend of RMB 0.0621 per share for the fiscal year 2024[2] - The board of directors proposed a cash dividend of RMB 0.0621 per share, totaling approximately RMB 1.149 billion, subject to shareholder approval[19] - The total cash dividend for the fiscal year represents 38.13% of the net profit attributable to shareholders under Chinese accounting standards[22] - The company proposed a final dividend of RMB 0.0621 per share for the year ending December 31, 2024, totaling RMB 1,149,267,000 (including tax) to be approved at the shareholders' meeting[64] Corporate Governance - The company received an A rating in the annual information disclosure assessment from the Shanghai Stock Exchange, reflecting improved corporate governance[7] - The company has consistently complied with the corporate governance code, with recent board and supervisory committee elections held[25] - The company established various committees, including the nomination committee and remuneration committee, to ensure effective governance and oversight[28] - The board of directors ensured adequate representation at the annual general meeting, despite some members being unable to attend due to public duties[27] Renewable Energy and Sustainability - The company is focused on expanding its renewable energy portfolio and transitioning traditional industries towards green and low-carbon energy solutions[6] - The installed capacity of new power generation units increased by 6,700.263 MW during the reporting period, with wind power projects contributing 2,594.2 MW and photovoltaic projects contributing 1,704.823 MW[7] - The proportion of low-carbon clean energy installations rose to 40.37%, an increase of 2.62 percentage points compared to the end of the previous year[7] Compliance and Accounting Standards - The group has adopted revised International Financial Reporting Standards (IFRS) effective from January 1, 2024, including IFRS 16 regarding lease liabilities in sale and leaseback transactions[40] - The group has implemented amendments to IAS 7 and IFRS 7, requiring disclosure of supplier financing arrangements to assess their impact on liabilities and cash flows[41] - The company confirmed compliance with the standards for securities trading by all directors and supervisors during the year[29] - The audit committee reviewed the accounting policies and internal controls, affirming that the financial report for 2024 complies with applicable accounting standards[30] Employee and Operational Insights - The total number of employees in the group was 27,969, with a focus on performance-based compensation systems to enhance employee motivation and productivity[15] - The company aims to strengthen safety management and enhance high-quality development in 2025, focusing on cost reduction and market opportunities[16][17]

Financial Performance - Total operating revenue for the third quarter reached RMB 32,675,879, an increase of 0.80% compared to the same period last year[3]. - Net profit attributable to shareholders of the listed company was RMB 1,321,254, reflecting a year-on-year increase of 0.24%[3]. - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 37.24% year-on-year, amounting to RMB 1,260,653[3][8]. - Basic earnings per share for the period was RMB 0.0559, up 16.95% year-on-year, while diluted earnings per share also stood at RMB 0.0559[3][9]. - The weighted average return on net assets increased by 0.38 percentage points to 3.42%[3]. - Operating profit for the first three quarters of 2024 reached 8,090,992 thousand RMB, a significant increase of 58.5% compared to 5,118,531 thousand RMB in the same period of 2023[24]. - Net profit for the first three quarters of 2024 was 6,434,595 thousand RMB, up 57.0% from 4,096,335 thousand RMB in the first three quarters of 2023[24]. - Basic and diluted earnings per share for the first three quarters of 2024 were both 0.1801 RMB, compared to 0.0876 RMB in the same period of 2023, reflecting a growth of 105.0%[25]. - Total comprehensive income for the first three quarters of 2024 was 6,384,791 thousand RMB, an increase of 45.2% from 4,398,941 thousand RMB in the first three quarters of 2023[25]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 313,270,753, representing a 3.05% increase from the previous year[3]. - The equity attributable to shareholders of the listed company was RMB 79,102,847, an increase of 7.49% year-on-year[3]. - Total assets reached RMB 313,270,753, up from RMB 303,998,918, indicating a growth of 3.9%[21]. - Total liabilities increased slightly to RMB 218,116,231 from RMB 215,532,968, reflecting a growth of 1.2%[20]. - The company's equity attributable to shareholders rose to RMB 79,102,847 from RMB 73,594,084, an increase of 7.1%[21]. - Long-term investments increased to RMB 21,086,195 from RMB 20,059,375, showing a growth of 5.1%[18]. Cash Flow - The company reported a net cash flow from operating activities of RMB 22,083,421, an increase of 26.98% year-on-year[3]. - Cash flow from operating activities for the first three quarters of 2024 was 22,083,421 thousand RMB, compared to 17,390,633 thousand RMB in the same period of 2023, indicating a growth of 27.8%[26]. - The company reported a total of 100,555,311 thousand RMB in cash inflows from operating activities in the first three quarters of 2024, compared to 101,071,199 thousand RMB in the same period of 2023, a slight decrease of 0.5%[26]. - The company experienced a net increase in cash outflows from operating activities, totaling 81,604,883 thousand RMB in the first three quarters of 2024, down from 86,228,484 thousand RMB in the same period of 2023, a decrease of 5.0%[26]. - The total cash and cash equivalents at the end of Q3 2024 amounted to $10,933,023, slightly up from $10,720,009 at the end of Q3 2023[28]. Investment Activities - Cash outflows from investment activities increased by 71.08% due to higher capital expenditures for fixed asset construction[12]. - In the first three quarters of 2024, the net cash flow from investment activities was -$17,489,618, compared to -$10,223,149 in the same period of 2023, indicating a significant increase in cash outflow[27]. - The cash outflow from investment activities increased to $19,266,373 in the first three quarters of 2024, compared to $14,074,117 in the same period of 2023[27]. - The cash paid for the acquisition of fixed assets and other long-term assets was $18,632,509 in the first three quarters of 2024, compared to $13,763,732 in the same period of 2023[27]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 179,530[14]. - The top ten shareholders collectively held approximately 53.09% of the company's total issued shares[15].

Financial Performance - The company's operating revenue for the first half of 2024 was approximately RMB 58.31 billion, an increase of about 0.19% compared to the same period in 2023[6]. - The total profit before tax for the period was approximately RMB 5.56 billion, representing an increase of about 82.96% year-on-year[6]. - The net profit attributable to equity holders of the company was approximately RMB 3.24 billion, an increase of about 68.38% compared to the previous year[6]. - The basic earnings per share attributable to shareholders was approximately RMB 0.1315, an increase of RMB 0.0696 per share compared to the same period last year[6]. - The operating profit for the same period was RMB 6,466,322, up from RMB 4,245,329 in 2023, indicating a significant increase of 52.7%[42]. - The net profit attributable to equity holders for the period was RMB 4,440,016, compared to RMB 2,354,174 in the previous year, reflecting an increase of 88.5%[42]. - Total comprehensive income for the period was RMB 4,394,511, compared to RMB 2,648,414 in 2023, representing an increase of 65.7%[44]. - The company's profit attributable to owners for the six months ended June 30, 2024, was RMB 2,432,713,000, significantly higher than RMB 1,144,731,000 for the same period in 2023, indicating an increase of approximately 112.5%[74]. Operating Costs and Expenses - The total operating costs for the period were approximately RMB 51.84 billion, a decrease of about 3.92% year-on-year[13]. - The total operating costs for the six months ended June 30, 2024, amounted to RMB 6,703,040,000, compared to RMB 5,439,969,000 for the same period in 2023, indicating an increase of approximately 23.2%[72]. - The company's financial expenses decreased to RMB 2,648,944 from RMB 3,004,155, a reduction of 11.9%[42]. - The income tax expense for the six months ended June 30, 2024, was RMB 1,122,267,000, compared to RMB 686,044,000 for the same period in 2023, reflecting an increase of approximately 63.5%[70]. Assets and Liabilities - As of June 30, 2024, the total assets of the group amounted to approximately RMB 310.37 billion, an increase of about RMB 6.33 billion compared to the end of 2023[16]. - The total liabilities of the group were approximately RMB 215.48 billion, a decrease of about RMB 0.12 billion compared to the end of 2023[16]. - The group's cash and cash equivalents, along with restricted deposits, were approximately RMB 10.94 billion, including about RMB 0.336 billion in foreign currency deposits[16]. - The group had a debt-to-asset ratio of approximately 69.43% and a net debt-to-equity ratio of approximately 173.30% as of June 30, 2024[16]. - The company's total liabilities decreased from RMB 28,639,574,000 as of December 31, 2023, to RMB 26,819,615,000 as of June 30, 2024, a reduction of 6.35%[85]. - The company's total equity as of June 30, 2024, was RMB 49,755,559,000, up from RMB 46,210,976,000 as of December 31, 2023, reflecting an increase of 5.45%[88]. Project Development and Investments - The company approved 122 new power projects with a total capacity of 4,714.985 MW, including 1,109.3 MW for wind power and 3,605.685 MW for solar power[11]. - The company is focusing on the development of strategic emerging industries centered on renewable energy, accelerating the acquisition of quality renewable energy projects[11]. - The company aims to enhance its green electricity supply capacity and optimize coal power and new energy integrated management models in the second half of 2024[18]. - The company plans to focus on high-quality development and project construction to achieve its annual production targets[18]. - The total cost of property, plant, and equipment acquired by the company for the six months ended June 30, 2024, was RMB 8,523,684,000, compared to RMB 4,863,577,000 for the same period in 2023, showing an increase of approximately 75.5%[75]. Financing Activities - The company issued a total of RMB 7.5 billion in medium-term notes and RMB 4 billion in ultra-short-term financing bonds during the reporting period[26]. - The company issued perpetual bonds amounting to RMB 3,500,000,000 during the period, contributing to its financing activities[50]. - The company issued perpetual bonds totaling RMB 21,000,000,000 during the period, with a coupon rate ranging from 2.59% to 2.83%[88]. - The company continues to focus on debt repayment and working capital replenishment through bond issuance[27]. Employee and Corporate Governance - The total number of employees in the group was 27,811, with 964 training programs conducted in the first half of 2024, involving 22,920 participants[16]. - The company appointed Mr. Zhao Zi'ang as the vice president on April 26, 2024[30]. - Mr. Li Kai was elected as the executive director and chairman of the board on August 22, 2024[31]. - The audit committee reviewed the interim results and confirmed compliance with applicable accounting standards for the financial reports during the period[39]. Related Party Transactions - The group reported significant related party transactions, including RMB 493.583 million for procurement and related services from China Water Resources Power Group Co., Ltd. in the first half of 2024, up from RMB 363.738 million in the same period of 2023[101]. - The group received RMB 1.175 billion for environmental facility operation services from Datang Environmental Industry Group Co., Ltd. in the first half of 2024, compared to RMB 1.147 billion in the same period of 2023[101].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔 任何責任。 大唐國際發電股份有限公司 （於中華人民共和國註冊成立的中外合資股份有限公司） （股份代號：00991） 2024 年中期業績公告 經 營 及 財 務 摘 要： - 1 - • 經營收入約為人民幣 583.10 億 元，較 2023 年上半年增加約 0.19% 。 • 稅前利潤總額約為人民幣 55.62 億 元，較 2023 年上半年增加約 82.96% 。 • 歸屬於本公司權益持有者的淨利潤約為人民幣 32.43 億 元，較 2023 年 上半年增加約 68.38% 。 • 本公司股東應佔基本每股盈利約為人民幣 0.1315 元，較 2023 年上半年 增加人民幣 0.0696 元╱股。 一 . 公司業績 大 唐 國 際 發 電 股 份 有 限 公 司（「 公 司 」或「 本公司 」）董 事 會（「 董事會 」） 在 此 宣 佈 本 公 司 及 其 ...

Financial Performance - The company's operating revenue for Q1 2024 reached CNY 30,737,100, representing a year-on-year increase of 9.58%[8] - Net profit attributable to shareholders was CNY 1,331,460, showing a significant increase of 872.26% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,327,011, reflecting a remarkable increase of 2,691.83% year-on-year[8] - Basic earnings per share were CNY 0.0505, up by 517.44% year-on-year[8] - In Q1 2024, the company reported a net profit of 1,736,254 thousand RMB, a significant increase from 4,986 thousand RMB in Q1 2023, representing a growth of approximately 34,800%[46] - Operating profit for Q1 2024 was 2,114,062 thousand RMB, compared to 186,281 thousand RMB in Q1 2023, indicating a year-over-year increase of about 1,033%[46] - Total comprehensive income for Q1 2024 reached 1,736,373 thousand RMB, up from 197,108 thousand RMB in Q1 2023, marking an increase of approximately 779%[50] - Basic and diluted earnings per share for Q1 2024 were both 0.0505 RMB, compared to -0.0121 RMB in Q1 2023, reflecting a turnaround in profitability[50] Cash Flow - The net cash flow from operating activities amounted to CNY 6,164,230, which is an increase of 75.65% compared to the previous year[8] - Cash inflows from operating activities in Q1 2024 amounted to 33,861,219 thousand RMB, an increase from 31,190,096 thousand RMB in Q1 2023, representing a growth of about 8.6%[54] - Cash outflows from operating activities were 27,696,989 thousand RMB in Q1 2024, slightly up from 27,680,669 thousand RMB in Q1 2023, indicating a marginal increase of 0.06%[56] - The net cash flow from operating activities for Q1 2024 was 6,164,230 thousand RMB, compared to 3,509,427 thousand RMB in Q1 2023, showing an increase of approximately 76%[56] - Cash inflows from investment activities of 372,312 thousand RMB in Q1 2024, compared to 116,298 thousand RMB in Q1 2023, representing a significant increase of about 220%[58] - Cash outflows from investment activities totaled 3,531,944 thousand RMB in Q1 2024, compared to 3,026,901 thousand RMB in Q1 2023, reflecting an increase of approximately 16.7%[58] - The net cash flow from investment activities was -3,159,632 thousand RMB in Q1 2024, compared to -2,910,603 thousand RMB in Q1 2023, indicating a deeper cash outflow by about 8.6%[58] - Cash inflow from financing activities totaled $23,576,990 in Q1 2024, compared to $32,305,505 in Q1 2023, representing a decrease of approximately 27%[60] - Cash outflow from financing activities amounted to $24,626,998 in Q1 2024, down from $33,706,671 in Q1 2023, indicating a reduction of about 27%[60] - The net cash flow from financing activities was -$1,050,008 in Q1 2024, an improvement from -$1,401,166 in Q1 2023[60] Assets and Liabilities - Total assets at the end of the reporting period were CNY 306,198,184, a slight increase of 0.72% from the end of the previous year[9] - Shareholders' equity at the end of the reporting period was CNY 78,177,540, reflecting a growth of 6.23% compared to the previous year[9] - The total liabilities as of March 31, 2024, were CNY 212,645,767, a decrease from CNY 215,532,968 as of December 31, 2023[39] - Current liabilities totaled CNY 88,646,545 as of March 31, 2024, down from CNY 91,230,324 at the end of 2023, representing a decline of 2.9%[37] - Non-current liabilities were CNY 123,999,222 as of March 31, 2024, compared to CNY 124,302,644 at the end of 2023, showing a slight decrease of 0.2%[39] - The total equity attributable to shareholders increased to CNY 78,177,540 as of March 31, 2024, from CNY 73,594,084 at the end of 2023, reflecting a growth of 6.5%[41] Shareholder Information - The number of shares held by the largest shareholder, China Datang Corporation, is 6,540,706,520, representing 35.34% of the total shares[30] - The total shares held by the top ten shareholders account for approximately 53.09% of the company's total issued shares[30] - The company has a significant amount of pledged shares, with HKSCC Nominees Limited holding 3,275,623,820 shares, approximately 17.70% of the total share capital[30] - The company’s financial subsidiary holds 8,238,600 A shares as of March 31, 2024[31] Operational Costs and Expenses - Total operating costs for Q1 2024 were CNY 28,798,467, slightly up from CNY 28,451,565 in Q1 2023, reflecting a year-over-year increase of 1.2%[44] - The company's financial expenses in Q1 2024 amounted to CNY 1,360,363, down from CNY 1,518,860 in Q1 2023, indicating a decrease of 10.4%[44] - Research and development expenses decreased to CNY 546 in Q1 2024 from CNY 1,183 in Q1 2023, a reduction of 53.8%[44] Future Outlook - The company plans to expand its market presence and invest in new technologies to drive future growth[44]