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份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 華 電 國 際 電 力 股 份 有 限 公 司 Huadian Power International Corporation Limited* （在中華人民共和國（「中國」）註冊成立之中外合資股份有限公司） （股份代碼：1071） 截至二零二二年十二月三十一日止財政年度之業績公告 華電國際電力股份有限公司（「本公司」）董事會（「董事會」）欣然公佈本公司及其 附屬公司（「本集團」）截至二零二二年十二月三十一日止財政年度的綜合業績，該 綜合業績摘錄自按國際財務報告準則編製並已經審計的本集團合併財務報表。 財務及業務摘要 • 二零二二年，本集團完成發電量為220.93百萬兆瓦時，按照可比口徑較上 年同期增長約0.54%；完成上網電量207.05百萬兆瓦時，按照可比口徑較上 年同期增長約0.32%； • 二零二二年，本集團實現營業額約為人民幣1,059.60億元，比二零二一年度 增加約4.74%（經重述）； ...

证券代码：600027 证券简称：华电国际 公告编号：2023-012 华电国际电力股份有限公司 关于召开 2022 年度业绩说明会的公告 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法律责任。 重要内容提示： 投资者可于 2023 年 4 月 7 日（星期五）起至 2023 年 4 月 13 日（星期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过本公司邮箱 hdpi_ir@126.com 进行提问，本公司将在说明会上对投资者普遍关注的问题进行 回答。 华电国际电力股份有限公司（"本公司"）将于 2023 年 3 月 30 日发布本公司 2022 年度报告，为便于广大投资者更全面深入地了解本公司 2022 年度经营成果 及财务状况，本公司计划于 2023 年 4 月 14 日（星期五）上午 10:00-11:00 举行 2022 年度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次业绩说明会以视频直播结合网络互动形式召开，本公司将针对 2022 年 度经营成果及财务指标的具体情况与投资者进行互动交 ...

Financial Performance - The company's operating revenue for Q3 2022 was RMB 30,105.66 million, a year-on-year increase of 26.97% compared to RMB 23,711.01 million in the same period last year[4]. - The net profit attributable to shareholders of the listed company was RMB 680.23 million, a significant turnaround from a loss of RMB 1,779.59 million in the previous year[4]. - The basic earnings per share increased to RMB 0.046, compared to a loss of RMB 0.207 per share in the same period last year, marking an increase of 104.94%[4]. - The company's net profit for the first three quarters was RMB 2,325.26 million, an increase of 45.98% year-on-year, driven by rising electricity prices and increased equity earnings[7]. Cash Flow and Assets - The company's cash flow from operating activities for the year-to-date period was RMB 9,425.53 million, reflecting a 58.00% increase from RMB 6,016.28 million in the previous year[4]. - The company's net cash inflow from operating activities for the first three quarters was approximately RMB 9,426 million, reflecting an increase of 58.00% year-on-year[7]. - The total assets at the end of the reporting period were RMB 218,860.43 million, a slight decrease of 0.25% compared to the previous year[4]. Investment and Liabilities - The company's investment income for the first three quarters was RMB 393.5 million, a decrease of 21.63% year-on-year, primarily due to the absence of one-time gains from last year's asset integration[7]. - The company reported a significant reduction in other current liabilities, down 95.06% to RMB 1,066 million, primarily due to the repayment of short-term financing notes[7]. - The company's net cash outflow from investment activities for the first three quarters was approximately RMB 4.698 billion, a year-on-year decrease of 53.05%, mainly due to the impact of last year's integration of new energy assets[8]. - The net cash outflow from financing activities for the first three quarters was approximately RMB 3.355 billion, compared to a net inflow of approximately RMB 5.579 billion in the same period last year, primarily due to an increase in debt repayment[8]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 86,934, with the largest shareholder, China Huadian Group Co., Ltd., holding 4,620,061,224 shares, representing 46.81% of the total[9]. - The second-largest shareholder, Hong Kong Central Clearing Limited, held 1,813,482,634 shares, accounting for 18.37%[9]. - The company had a total of 4,534,199,224 RMB ordinary shares held by shareholders without sales restrictions[10]. - The company has a significant portion of its shares pledged or frozen, with China Craft Group Co., Ltd. having 70,545,600 shares frozen, which includes 19,641,699 shares[10]. Operational Information - The company has not provided any additional important information regarding its operational situation during the reporting period[11]. - Inventory at the end of Q3 was RMB 3,264 million, a decrease of 46.63% from the beginning of the period, mainly due to reduced coal stock[7].

Financial Performance - The group achieved a revenue of approximately RMB 48.945 billion for the six months ended June 30, 2022, representing a decrease of about 7.21% compared to the same period in 2021[4]. - The profit attributable to equity holders of the company for the period was approximately RMB 1.580 billion, with basic earnings per share of approximately RMB 0.114[4]. - The group's revenue for the period was approximately RMB 48.945 billion, a decrease of 7.21% year-on-year, mainly due to reduced coal trading volume[27]. - The group reported a net profit attributable to equity holders of approximately RMB 1.580 billion, a decrease of 51.81% year-on-year[27]. - The company reported a net profit attributable to equity holders of RMB 1,126,250 thousand for the six months ended June 30, 2022, down 59.0% from RMB 2,751,154 thousand in the same period of 2021[108]. - Basic earnings per share decreased to RMB 0.114, compared to RMB 0.279 for the same period in 2021[108]. - The company reported a significant increase in fuel costs, which rose to RMB (37,793,593) from RMB (28,344,341) in the previous year, representing a 33.4% increase[70]. - The company incurred a total depreciation and amortization expense of RMB 5,059,441 thousand, down from RMB 6,014,890 thousand in the same period of 2021[103]. - The company reported a tax expense of RMB 141,668 thousand for the six months ended June 30, 2022, compared to a tax expense of RMB 674,498 thousand in the same period of 2021[106]. Operational Capacity and Strategy - The group operates a total of 42 power plants with a total installed capacity of 53,413.04 MW, including approximately 42,360 MW of coal-fired power, 8,589.05 MW of gas-fired power, and 2,459 MW of hydropower[5]. - Clean energy generation capacity, including gas and hydropower, accounts for approximately 20.69% of the total installed capacity[5]. - The group continues to focus on expanding its clean energy portfolio and enhancing operational efficiency through advanced technologies[5]. - Future strategies include potential market expansion and investment in new technologies to improve sustainability and operational performance[5]. - The company has a significant presence in coal-fired and gas-fired power generation, with detailed operational data provided for various power plants[7][9][11]. Financial Position and Cash Flow - The group's total borrowings amounted to approximately RMB 89.448 billion, with a debt-to-asset ratio of 65.65%, a slight decrease from the previous year[37]. - As of June 30, 2022, the group had cash and cash equivalents of approximately RMB 5.547 billion[38]. - The net cash inflow from operating activities was approximately RMB 2.782 billion, a decrease of about 34.43% compared to the same period in 2021, primarily due to a reduction in coal trade volume and the impact of not consolidating wind and solar assets this year[40]. - The net cash outflow from investment activities was approximately RMB 2.812 billion, a decrease of about 65.68% compared to the same period in 2021, mainly due to the non-consolidation of wind and solar assets[40]. - The net cash outflow from financing activities was approximately RMB 368 million, compared to a net cash inflow of approximately RMB 5.803 billion in the first half of 2021, primarily due to an increase in debt repayment[40]. Corporate Governance and Compliance - The company has implemented a strict corporate governance code that exceeds the requirements of the Corporate Governance Code under the Hong Kong Listing Rules[59]. - The company has maintained compliance with environmental, social, and governance requirements as per the Hong Kong Listing Rules[59]. - The audit committee has reviewed the unaudited condensed consolidated financial statements prepared in accordance with International Accounting Standard 34[57]. - The company has established a strategic committee in addition to the audit, remuneration, and nomination committees[61]. Market and Economic Conditions - In the first half of 2022, China's GDP grew by 2.5% year-on-year, while total electricity consumption increased by 2.9% to 4,097.7 million MWh[25]. - The company's operations face risks from the COVID-19 pandemic, electricity market fluctuations, coal market conditions, and environmental regulations, which may impact macroeconomic recovery and electricity demand[43]. Employee and Management Information - The total number of employees in the group is 24,711 as of June 30, 2022[57]. - The company has adopted a performance-based compensation policy for employees, emphasizing meritocracy and competitive selection[57]. - The total remuneration for key management personnel decreased from RMB 2,687 thousand in 2021 to RMB 2,572 thousand in 2022, a decline of about 4.3%[193]. Investment and Asset Management - The company has initiated the process for public REITs in infrastructure, selecting natural gas cogeneration projects in Zhejiang Province as potential assets, with total assets of approximately RMB 2.805 billion and total liabilities of approximately RMB 1.690 billion as of December 31, 2021[49]. - The company reported a significant increase of approximately 589.42% in profit from joint ventures and associates to RMB 2.895 billion, attributed to increased earnings from invested new energy and coal companies[34]. - The company has a significant amount of deferred VAT and other taxes amounting to RMB 690,532,000 as of June 30, 2022, down from RMB 1,434,315,000 at the end of 2021[118].

Financial Performance - The company's operating revenue for Q1 2022 was RMB 28,815,896 thousand, a decrease of 3.98% compared to RMB 29,263,011 thousand in the same period last year[4] - Net profit attributable to shareholders was RMB 616,670 thousand, down 50.26% from RMB 1,198,855 thousand year-on-year[4] - The net profit after deducting non-recurring gains and losses was RMB 450,249 thousand, a decrease of 58.56% compared to RMB 1,111,231 thousand in the previous year[4] - The total profit for Q1 2022 was RMB 531,000 thousand, a decrease of 76.74% compared to the previous year[8] Cash Flow and Investments - The company's cash flow from operating activities was RMB 4,039,639 thousand, showing a slight increase of 0.92% from RMB 4,002,784 thousand year-on-year[4] - The net cash outflow from investment activities was RMB 1,365,000 thousand, a decrease of 56.94% year-on-year, mainly due to reduced capital expenditures[8] - The net cash outflow from financing activities was RMB 2,315,000 thousand, an increase of 79.88% year-on-year, primarily due to debt repayment[8] - The company's investment income for Q1 2022 was RMB 117,900 thousand, an increase of 518.09% year-on-year, attributed to improved performance of associated enterprises[8] Assets and Shareholder Information - The total assets at the end of the reporting period were RMB 213,892,228 thousand, a decrease of 2.25% from RMB 218,860,429 thousand at the end of the previous year[4] - Accounts receivable financing at the end of Q1 2022 was approximately RMB 1,085,000 thousand, an increase of 43.67% compared to the end of the previous year[7] - The total number of ordinary shareholders at the end of the reporting period is 124,843, with the top ten shareholders holding a combined 46.81% of shares[9] - China Huadian Group Co., Ltd. is the largest shareholder, holding 4,620,061,224 shares, which represents 46.81% of the total[9] - Hong Kong Central Clearing (Agent) Co., Ltd. holds 1,812,781,534 shares, accounting for 18.37% of the total[9] - Shandong Development Investment Holding Group Co., Ltd. holds 757,226,729 shares, representing 7.67% of the total[9] - The total number of preferred shareholders with restored voting rights is not specified, indicating no significant changes in this area[9] Governance and Operational Updates - The board of directors consists of multiple members, including both executive and independent directors, ensuring a balanced governance structure[12] - The report does not provide any significant updates on new products, technologies, market expansion, or mergers and acquisitions[11] - The company emphasizes the importance of reviewing the unaudited financial statements as of March 31, 2022, available on the Shanghai Stock Exchange website[11] - The report includes a reminder for investors to pay attention to the company's operational situation during the reporting period[11] - The company has a diverse shareholder base, with various institutional and individual investors holding significant stakes[10]

Power Generation Capacity and Operations - The company operates a total of 42 power plants with a combined installed capacity of approximately 53,355.55 MW, including 42,360 MW from coal-fired power, 8,589.05 MW from gas-fired power, and 2,403 MW from hydropower[26]. - The company holds a 100% ownership in several key power plants, including Zouxian Power Plant (2,575 MW) and Shiliquan Power Plant (2,120 MW)[27]. - The company has a significant stake in joint ventures, such as 69% in Zouxian Company (2,000 MW) and 75% in Laizhou Company (4,000 MW)[27]. - The company has a diversified power generation portfolio, with significant contributions from both coal and gas-fired plants[27]. - The company has a total installed capacity of 6,855.6 MW in Hubei, with an ownership interest of 82.56%[28]. - The company operates multiple power plants, including 1,320 MW in Changde with a 48.98% ownership and 1,200 MW in Changsha with a 70% ownership[28]. - The company has a significant presence in renewable energy, with 1,360 MW capacity in Hubei, holding a 50% stake[29]. - The company’s coal-fired plants include a significant 2,570 MW capacity in Jiangling, with a 100% ownership[29]. - The company’s gas-fired plants include a capacity of 1,310.2 MW in Shijiazhuang, with an 82% ownership[28]. - The company completed the commissioning of 3,885.9 MW of new power generation projects in 2021, including coal, gas, and hydropower installations[37]. Financial Performance - The company achieved a revenue of approximately RMB 100.98 billion in 2021, marking a 12.98% increase compared to 2020[37]. - The total power generation reached 232.80 million MWh, representing a year-on-year growth of approximately 7.52%[37]. - The company reported an operating loss of approximately RMB 14.40 billion in 2021, a significant decline from an operating profit of RMB 8.79 billion in 2020, primarily due to soaring coal prices[37]. - The installed capacity of the company reached approximately 53,355.55 MW, with a clean energy proportion of about 20.60%[37]. - The company’s asset-liability ratio at the end of the year was 66%, an increase of 6 percentage points from the beginning of the year[37]. - The group reported an operating loss of RMB 14,399,328 thousand for 2021, compared to an operating profit of RMB 8,790,151 thousand in 2020, indicating a significant decline in operational performance[182]. - The net loss attributable to equity holders for the year was RMB 5,215,889 thousand, a decrease from a profit of RMB 5,675,631 thousand in 2020[182]. - The company reported a significant increase in fuel costs, which rose to RMB (74,471,831) thousand in 2021 from RMB (41,394,152) thousand in 2020, impacting overall profitability[182]. Shareholder Information and Dividends - The company has issued approximately 688.16 million A-shares and 14,701,590 convertible bonds in September 2021[26]. - The company has a total of 8,152,624,615 A-shares, accounting for 82.60% of its total share capital, and 1,717,233,600 H-shares, accounting for 17.40%[26]. - The company proposed a cash dividend of RMB 0.25 per share for the fiscal year ending December 31, 2021[35]. - The company plans to distribute at least 50% of the annual distributable profit as cash dividends from 2020 to 2022[35]. - The company plans to distribute a minimum of RMB 0.2 per share in dividends during the 2020-2022 period[165]. Investments and Acquisitions - The company completed the acquisition of 45.15% equity in Inner Mongolia Huadian Mengdong Energy Co., Ltd. and 36.86% equity in Tianjin Huadian Fuyuan Thermal Power Co., Ltd. as part of a share purchase agreement approved on May 28, 2021[91]. - The company agreed to sell 65% equity in Ningxia Lingwu Power Co., Ltd. for a final transaction price of RMB 2.85 billion and 53% equity in Ningxia Huadian Heating Co., Ltd. for RMB 1.486 billion[95]. - The company completed the acquisition of regional companies in Hunan, including 70% equity in Changsha, 48.98% in Changde, and 100% in Pingjiang, for a total consideration of RMB 3.495 billion[98]. - The company agreed to inject approximately RMB 21.24 billion into Fuxin Development through the transfer of equity in its renewable energy company, totaling around RMB 13.61 billion, and a cash contribution of no less than RMB 7.63 billion[105]. Risk Management and Compliance - The group faces risks from the ongoing COVID-19 pandemic, which could impact macroeconomic recovery, electricity demand, and coal production[47]. - The group is addressing the risk of high coal prices, which have significantly increased since September 2021, by optimizing coal procurement strategies[47]. - The company has established a risk management and internal control system, which is reviewed at least annually to ensure its effectiveness[151]. - The company believes that enhancing risk management and internal control capabilities will strengthen corporate governance[153]. - The company has implemented policies to ensure assets are not used or disposed of without authorization, maintaining reliable financial records[152]. Governance and Management - The company has a structured approach to ensure that all securities transactions by directors are reported and approved[148]. - The board consists of 11 members, including 4 independent non-executive directors, ensuring a diverse range of skills and experiences[135]. - The company has established a strategic committee in addition to the audit, remuneration, and nomination committees[132]. - The company encourages directors to participate in professional development courses to enhance their knowledge and skills[135]. - The management team includes professionals with extensive backgrounds in financial management, corporate governance, and energy sector reforms, ensuring robust oversight and strategic direction[50]. Environmental and Social Responsibility - The company is focusing on the development of renewable energy to meet the national carbon peak goals by 2030[44]. - The group has achieved ultra-low emissions standards for all 95 coal-fired generating units as of the report date[73]. - The company has complied with the "comply or explain" provisions of the Environmental, Social, and Governance (ESG) reporting guidelines during the reporting period[169]. - The group will actively follow environmental regulations and improve waste management practices to mitigate environmental risks[48]. Employee and Human Resources - The company has a workforce of 25,139 employees as of December 31, 2021[26]. - The total number of employees as of December 31, 2021, was 25,139, with a focus on performance-based compensation and a fair distribution mechanism[160]. - The remuneration committee reviewed and proposed improvements to the compensation policies for directors and senior management, ensuring alignment with company performance[155].

Operational Capacity and Projects - The company operates 67 power plants with a total installed capacity of approximately 58,448 MW, including 43,160 MW from coal-fired generation and 7,340 MW from gas-fired generation[4]. - Renewable energy capacity amounts to approximately 7,948 MW, comprising hydro, wind, and solar power[4]. - The company holds a 100% ownership in several key power plants, including Zouxian Power Plant (2,575 MW) and Shiliquan Power Plant (2,120 MW)[5]. - The company has a 69% stake in Zouxian Company, which has an installed capacity of 2,000 MW[5]. - The company has a 75% stake in Laizhou Company, with an installed capacity of 4,001.1 MW[5]. - The total installed capacity of Huadian International Power Co., Ltd. is 6,944.4 MW, with an ownership stake of 82.56% in Hubei Company[6]. - The company has a total of 12 power plants in Hubei, with a combined capacity of 6,944.4 MW, including 2,570 MW from Xiangyang Company, which has a 60.10% ownership[7]. - The company owns 100% of several renewable energy projects, including 920 MW from Luding Hydropower Company and 1,541.6 MW from Ningxia New Energy Company[8]. - The company has a significant presence in Sichuan, with 1,320 MW from Huadian Xinxing Company and 2,400 MW from Guang'an Company, holding 90% and 80% ownership respectively[6]. - The installed capacity of the company's thermal power plants varies, with the largest being 6,944.4 MW in Hubei, while smaller plants like the 12.55 MW in Shijiazhuang provide additional capacity[6]. Financial Performance - The company achieved a revenue of approximately RMB 89.38 billion in 2020, with a net profit attributable to shareholders of about RMB 4.17 billion, resulting in a basic earnings per share of RMB 0.329[16]. - The total electricity generation was 207.32 million MWh, a decrease of 3.62% year-on-year, while the heat supply increased by 16.98% to 145 million GJ[16]. - The group's revenue for 2020 was approximately RMB 89.38 billion, a decrease of about 2.58% compared to 2019, with electricity sales revenue of RMB 70.19 billion, down approximately 4.12%[19]. - The operating profit for 2020 was approximately RMB 8.79 billion, an increase of about 6.99% year-on-year, primarily due to a decrease in coal prices[19]. - The profit attributable to equity holders of the company for the year was approximately RMB 4.17 billion, with basic earnings per share of approximately RMB 0.329[19]. - The company maintained a debt-to-asset ratio of 60.11% at year-end, a decrease of 5.5 percentage points from the beginning of the year, reflecting strong financial health compared to peers[16]. - The company reported a significant increase in operational efficiency, with over 30 years of experience among its senior management team in power production and management[27]. Strategic Initiatives and Future Plans - The company has plans for future expansion in renewable energy projects to enhance its portfolio[4]. - The company aims to increase its market share in the energy sector through strategic acquisitions and partnerships[4]. - Future expansion plans include increasing the share of renewable energy in the overall energy mix, aligning with national energy policies[8]. - The company is exploring potential mergers and acquisitions to enhance its market position and expand its operational footprint in the energy sector[8]. - The company plans to invest around RMB 17 billion in 2021 for power project infrastructure, environmental protection, and energy-saving technology upgrades[23]. - The company aims to enhance the profitability of its thermal power units by improving energy efficiency and implementing flexible modifications[24]. - The company is actively pursuing new product development initiatives to meet evolving market demands and regulatory requirements[29]. Environmental and Social Responsibility - The company is focused on improving operational efficiency and reducing carbon emissions in line with national energy policies[4]. - The company is committed to ongoing research and development of new technologies to optimize energy production and consumption[4]. - The company has implemented energy-saving measures for coal-fired units, achieving significant results in air pollution control and steady progress in water pollution prevention[17]. - The company is actively involved in the development of new renewable energy projects, including solar and wind power, to enhance its sustainability efforts[8]. - The company has committed to ensuring uninterrupted power and heat supply during the COVID-19 pandemic, demonstrating its social responsibility[16]. - The company emphasizes the importance of carbon emission trading and aims to enhance its environmental protection efforts[25]. Governance and Compliance - The company has established a strict code of conduct for directors and employees regarding the trading of company securities, which aligns with the Hong Kong Listing Rules[103]. - The independent non-executive directors confirmed their independence in accordance with the Hong Kong Listing Rules[65]. - The company has adopted a code of conduct for securities trading by directors and supervisors, ensuring compliance with the required standards[68]. - The board has established several committees, including the Audit Committee, Remuneration and Assessment Committee, Nomination Committee, and Strategic Committee[110]. - The company emphasizes transparency, accountability, and independence in its governance principles[103]. - The board's composition includes a diverse range of expertise, with one independent non-executive director being an accounting professional[104]. Risk Management and Internal Control - The company has established a risk management and internal control system, which is reviewed at least annually to ensure its effectiveness in safeguarding shareholder interests[118]. - The audit committee is tasked with reviewing the completeness of the company's financial statements and monitoring compliance with legal and regulatory requirements[117]. - The company has implemented a code of conduct for directors and supervisors regarding securities trading, ensuring compliance with the Standard Code[115]. - The board is responsible for the ongoing supervision of the company's risk management and internal control systems[118]. - The company has integrated risk management and internal control into daily operations, continuously assessing risks and reporting to relevant management departments[120]. Shareholder Engagement and Dividend Policy - The company plans to distribute at least 50% of the annual distributable profits in cash from 2020 to 2022, with a minimum dividend of RMB 0.20 per share[18]. - The proposed final cash dividend for the fiscal year ending December 31, 2020, is RMB 0.25 per share, totaling approximately RMB 2.466 billion, subject to shareholder approval[46]. - The company emphasizes a cash dividend policy, prioritizing cash returns to investors, with a minimum cash dividend ratio of 40%[132]. - The company has established a hotline and email for shareholders to directly contact the board for inquiries[135]. Financial Reporting and Audit - The company’s financial statements for the year ended December 31, 2020, are prepared in accordance with International Financial Reporting Standards[64]. - The independent auditor's report confirmed that the consolidated financial statements fairly reflect the group's financial position as of December 31, 2020[140]. - The audit committee reviewed the annual performance and financial statements for the fiscal year ending December 31, 2020[98]. - The company conducted a comprehensive internal control evaluation in 2020, confirming no significant internal control deficiencies were found, ensuring compliance with relevant regulations[121].

Financial Performance - The group achieved a revenue of approximately RMB 40.943 billion, a decrease of about 5.36% compared to the same period in 2019[4]. - The profit attributable to equity holders of the company for the period was approximately RMB 2.411 billion, with basic earnings per share of RMB 0.200[4]. - The company's revenue for the period was approximately RMB 40.943 billion, a decrease of about 5.36% year-on-year, primarily due to reduced electricity sales revenue[27]. - The group’s revenue for the six months ended June 30, 2020, was RMB 40,942,846 thousand, a decrease of 5.9% compared to RMB 43,263,433 thousand for the same period in 2019[64]. - Operating profit for the same period was RMB 5,182,313 thousand, an increase of 20.6% from RMB 4,297,375 thousand in the previous year[64]. - The group reported a net profit of RMB 3,162,238 thousand for the six months ended June 30, 2020, compared to RMB 2,100,553 thousand for the same period in 2019, representing a growth of 50.6%[64]. - The company's profit attributable to equity holders for the six months ended June 30, 2020, was RMB 1,974,721 thousand, an increase of 39.4% compared to RMB 1,416,521 thousand for the same period in 2019[99]. - Basic earnings per share for the six months ended June 30, 2020, was RMB 0.200, up from RMB 0.144 in the same period of 2019, representing an increase of 38.9%[99]. Installed Capacity and Operations - The company has a total installed capacity of 56,953.3 MW across 62 operating power plants, with coal-fired capacity at 43,235 MW and gas-fired capacity at 6,878.1 MW[5]. - The company has significant renewable energy capacity totaling 6,840.2 MW, including hydro, wind, and solar power[5]. - The company has a total installed capacity of 6,944.4 MW in Hubei province, with an ownership interest of 82.56%[37]. - The company has a total of 1,481.5 MW installed capacity in Ningxia with a 63.92% ownership in Ningxia New Energy Co., Ltd.[18]. - The company has ongoing construction projects with a planned capacity of 1,716.5 MW for wind power generation[24]. - The company has a diverse portfolio of power plants, including major facilities like Zouxian Power Plant (2,575 MW) and Shiliquan Power Plant (2,120 MW)[6]. Strategic Focus and Development - The group is committed to expanding its renewable energy projects as part of its long-term strategy[5]. - The company continues to evaluate potential mergers and acquisitions to enhance its market position and operational efficiency[5]. - The company is focused on expanding its renewable energy capacity, with several projects in hydropower and wind energy development underway[17]. - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and service delivery[77]. - The company is focused on strategic mergers and acquisitions to bolster its market position and drive future growth[77]. - The company has allocated resources towards research and development of new products and technologies to meet evolving market demands[77]. Financial Position and Cash Flow - As of June 30, 2020, the total borrowings of the group amounted to approximately RMB 93.114 billion, with a debt-to-asset ratio of approximately 61.14%, a decrease of 4 percentage points from the end of 2019[36]. - The group had cash and cash equivalents of approximately RMB 6.044 billion as of June 30, 2020[36]. - The net cash generated from operating activities for the six months ended June 30, 2020, was RMB 8,770,496 thousand, up from RMB 6,276,958 thousand in the prior year, indicating a growth of about 39.8%[76]. - The company incurred a net cash outflow from investing activities of RMB (6,191,443) thousand for the six months ended June 30, 2020, compared to RMB (4,138,890) thousand in the same period of 2019, reflecting an increase in investment activities[76]. - The net cash generated from financing activities was RMB (3,000,565) thousand for the six months ended June 30, 2020, compared to RMB 426,865 thousand in the same period of 2019[134]. Environmental and Regulatory Compliance - The revised Solid Waste Pollution Prevention and Control Law will take effect in September 2020, increasing the company's environmental protection responsibilities and potential expenditures[41]. - The company will strengthen its environmental protection measures and ensure compliance with national pollution prevention policies[41]. - The company has complied with the environmental, social, and governance requirements set by the Hong Kong Listing Rules during the first half of 2020[60]. Shareholder and Governance Matters - The board of directors proposed not to distribute an interim dividend for the period[5]. - The company did not purchase, sell, or redeem any of its issued securities during the reporting period[55]. - The board of directors and supervisory board underwent a restructuring, with new appointments made effective June 30, 2020[43]. - The company has adopted a code of conduct for securities transactions by its directors, ensuring compliance with required standards[54]. Related Party Transactions - The company has significant related party transactions with its parent company and subsidiaries, including China Huadian Group[137]. - Sales of electricity to subsidiaries amounted to RMB 12,217,000 for the six months ended June 30, 2020, down 35.4% from RMB 18,973,000 in the same period of 2019[145]. - Purchases of electricity from a subsidiary totaled RMB 1,650,000, a decrease of 56.5% compared to RMB 3,796,000 in the prior year[145].

Capacity and Operations - The total installed capacity of Huadian Power International Corporation is 56,615.3 MW, with coal-fired capacity at 43,235 MW, gas-fired capacity at 6,874.1 MW, and renewable energy capacity at 6,506.2 MW[4]. - The company operates 61 power plants across 14 provinces, autonomous regions, and municipalities in China[4]. - The company has a total workforce of 27,287 employees as of December 31, 2019[4]. - The company holds a 100% ownership in several key power plants, including Zouxian Power Plant (2,575 MW) and Shiliquan Power Plant (2,120 MW)[5]. - Huadian Power International Corporation has a 69% stake in Zouxian Company, which has an installed capacity of 2,000 MW[5]. - The total installed capacity of Hubei Electric Power Company is 6,944.4 MW, with a company ownership interest of 82.56%[9]. - The installed capacity of Sichuan Huadian Luding Hydropower Company is 920 MW, fully owned by the company[10]. - The company holds a 100% stake in multiple photovoltaic power generation companies with a total capacity of 1,000 MW[9]. - The installed capacity of Guangdong Huadian Shaoguan Thermal Power Company is 700 MW, fully owned by the company[9]. - The company has a 90% ownership in Hebei Huadian Shunde Energy Company, which has an installed capacity of 163.5 MW[9]. - The company operates a total of 8 wind power companies with a combined capacity of 1,000 MW[10]. - The installed capacity of Tianjin Huadian Fuyuan Thermal Power Company is 445.5 MW, fully owned by the company[9]. Financial Performance - The company achieved a revenue of approximately RMB 91.753 billion in 2019, an increase of about 4.96% compared to 2018[17]. - The net profit attributable to shareholders for the year was approximately RMB 3.385 billion, with a basic earnings per share of RMB 0.288[17]. - The total power generation for 2019 was 215.11 million MWh, representing a year-on-year growth of 1.84%[20]. - The average on-grid electricity price was RMB 414.49 per MWh, an increase of 1.16% compared to the previous year[18]. - The company completed the installation of 6,612.9 MW of new capacity in 2019, bringing the total installed capacity to 56,565.3 MW, a growth of 13.24%[18]. - The total coal consumption per unit of electricity generated was 295.28 grams per kWh, a decrease of 3.93 grams per kWh year-on-year[19]. - The company secured approximately 108.18 million MWh of market electricity, accounting for about 53.7% of the total on-grid electricity, an increase of 10.1 percentage points year-on-year[17]. - The company’s sales revenue from electricity was approximately RMB 73.2 billion, an increase of about 5.92% compared to 2018[20]. - The company reported a significant increase in revenue, achieving a total of 17.5 billion RMB for the year, representing a 12% year-over-year growth[30]. Strategic Initiatives - The company plans to expand its renewable energy projects, aiming to increase the share of clean energy in its overall capacity[4]. - Future outlook includes potential mergers and acquisitions to enhance market presence and operational capabilities[4]. - The company is investing in new technologies to improve power generation efficiency and reduce environmental impact[4]. - Huadian Power International Corporation aims to strengthen its market position through strategic partnerships and collaborations in the energy sector[4]. - The company has plans for market expansion and new technology development in renewable energy sectors[10]. - The company plans to continue focusing on quality improvement and efficiency enhancement in 2020, aiming for high-quality transformation and development[19]. - The company expects a stable growth in electricity consumption in 2020, with a projected increase of 4%-5% year-on-year, and a total installed capacity of approximately 2.13 billion kW by the end of the year[23]. - The company plans to achieve an electricity generation volume of approximately 210 to 220 million MWh in 2020, with an investment of about RMB 16 billion in power project infrastructure and environmental technology upgrades[24]. Environmental and Regulatory Compliance - The company emphasizes safety and environmental protection, implementing strict safety production responsibilities and improving energy conservation measures to meet national environmental standards[25]. - Strict adherence to environmental protection laws and regulations will be enforced to meet national environmental standards[26]. - The company is committed to regulatory compliance and risk management, enhancing legal management and internal control systems to mitigate legal risks[25]. - The company has implemented strict environmental policies and improved monitoring platforms to ensure compliance with environmental standards[51]. Governance and Management - The company has established a strategic committee in addition to the audit, remuneration and nomination committees[99]. - The board consists of 5 members in the audit committee, including 2 non-executive directors and 3 independent non-executive directors[99]. - The company has implemented stricter governance measures than those outlined in the Corporate Governance Code, including specific trading rules for directors and employees[98]. - The company emphasizes transparency, accountability, and independence in its governance principles[98]. - The company encourages directors to participate in professional development courses related to corporate governance and compliance[103]. - The company has a structured process for decision-making, requiring a majority or two-thirds approval for significant resolutions[110]. - The board reviews and monitors the training and continuous professional development of directors and senior management[110]. Investments and Acquisitions - The company raised RMB 1 billion from Jianxin Investment for a 45.15% stake in Mengdong Energy, aimed at repaying existing bank loans[72]. - The company secured RMB 1 billion from Nongyin Investment for a 24.05% stake in Ningxia New Energy, intended for repaying non-performing debts[72]. - The company obtained RMB 750 million from the Central Enterprise Poverty Alleviation Fund for a 38.13% stake in Guyuan Wind Power, to repay existing financial liabilities[73]. - The company raised RMB 250 million from the Central Enterprise Poverty Alleviation Fund for a 39.62% stake in Weizhou Company, also for repaying financial liabilities[73]. - The company acquired 100% equity of Wuchang Thermal Power for approximately RMB 571 million, enhancing its operational capacity in natural gas power generation[74]. Financial Management - The company’s net cash inflow from operating activities in 2019 was approximately RMB 15.546 billion, an increase of about RMB 3.897 billion compared to 2018, driven by higher electricity and heat sales revenue[41]. - The company’s financial expenses in 2019 were approximately RMB 5.263 billion, a decrease of about 2.71% from 2018, due to improved financing innovation and cost reduction[34]. - The company has not purchased, sold, or redeemed any of its issued securities during the fiscal year 2019[91]. - The company successfully issued six phases of ultra-short-term financing bonds totaling RMB 16.5 billion with interest rates ranging from 2.10% to 3.20%[89]. - The company issued one phase of medium-term notes with a face value of RMB 3 billion at an interest rate of 4.06%[89]. - The company issued one phase of corporate bonds with a face value of RMB 2 billion at an interest rate of 3.58%[89]. Risk Management - The company believes that its risk management and internal control systems are effective and sufficient as of 2019, in line with the latest requirements for listed companies[120]. - The internal control department conducts annual evaluations covering operations, business, finance, and key procedures, reporting results to management and the board[119]. - The company integrates risk management and internal control into daily operations, continuously assessing risks and developing management strategies[119]. - The audit committee reviews the effectiveness of the risk management and internal control systems, ensuring adequate resources and training for staff involved in accounting and financial reporting[120].