2017 年第三季度报告 公司代码：600023 公司简称：浙能电力 浙江浙能电力股份有限公司 2017 年第三季度报告 1 / 17 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 7 | 2017 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚 假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人童亚辉、主管会计工作负责人曹路及会计机构负责人（会计主管人员）方建立保证季度报 告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | 目录 | | --- | 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度 末增减(%) 总资产 107,091,952,180.59 105,836,584,391.77 1.19 归属于上市公司股东的净资产 59,525 ...

Financial Performance - The company's operating revenue for the first half of 2017 was approximately CNY 22.63 billion, an increase of 26.82% compared to CNY 17.84 billion in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2017 was approximately CNY 2.38 billion, a decrease of 42.77% from CNY 4.16 billion in the previous year[19]. - The basic earnings per share for the first half of 2017 was CNY 0.18, down 41.94% from CNY 0.31 in the same period last year[17]. - The weighted average return on equity decreased to 4.03%, down 3.29 percentage points from 7.32% in the previous year[17]. - The net cash flow from operating activities for the first half of 2017 was approximately CNY 5.20 billion, a decrease of 38.01% compared to CNY 8.39 billion in the same period last year[19]. - The total profit for the period was CNY 2,969,634,560.68, a decline of 49.1% compared to CNY 5,826,639,476.16 in the prior year[85]. - The company reported an investment income of CNY 1,530,292,201.52, which is a decrease of 13.7% from CNY 1,774,406,626.88 in the previous year[85]. - The company achieved a comprehensive income total of CNY 3,020,888,812.30, down 31.3% from CNY 4,404,390,059.85 in the prior year[85]. Assets and Liabilities - The total assets at the end of the reporting period were approximately CNY 104.99 billion, a decrease of 0.80% from CNY 105.84 billion at the end of the previous year[19]. - The total liabilities amounted to 39.282 billion RMB, a slight decrease of 0.63% from the previous period[30]. - Total current assets decreased from 24,807,828,367.51 RMB to 22,174,302,603.06 RMB, a reduction of approximately 10.5%[78]. - Cash and cash equivalents decreased from 15,766,380,940.72 RMB to 13,280,435,010.64 RMB, a decline of about 15.7%[78]. - The total equity attributable to shareholders of the parent company was ¥57,997,939,425.14, down from ¥58,276,692,282.34, a decrease of 0.5%[79]. - The company’s total equity at the end of the reporting period was CNY 65,706,365,772.94, a decrease from CNY 66,307,892,017.17 at the end of the previous period[96]. Operational Highlights - The company is primarily engaged in thermal power generation, with its main product being electricity sold to the State Grid Zhejiang Electric Power Company[20]. - The company's total electricity generation reached 52.309 billion kWh, a year-on-year increase of 12.19%[26]. - The average load rate of coal-fired units increased by about 3 percentage points year-on-year, while coal consumption per kWh decreased by nearly 1 gram[27]. - The company completed ultra-low emission upgrades for 46 coal-fired units, becoming the first in the industry to achieve this[27]. - The company holds approximately 50% of the total installed capacity in Zhejiang Province, making it the largest thermal power enterprise in the region[23]. Related Party Transactions - The total amount of related party transactions for the first half of 2017 reached CNY 1,498,680,107.26, accounting for 100% of the total[52]. - The largest related party transaction was with Zhejiang Provincial Natural Gas Company, amounting to CNY 903,484,526.73, representing 93.72% of the total[50]. - The company engaged in related party transactions for purchasing goods and services, including equipment, materials, and engineering services[52]. - The pricing for related party transactions is determined based on government pricing, government guidance pricing, market pricing, or cost pricing[52]. - The company has established a framework agreement for energy services with Zhejiang Energy Group for the years 2016-2018[52]. Investments - The company invested in China Nuclear Power and established partnerships for high-temperature gas-cooled reactor projects[27]. - The company invested CNY 2.694 billion in China Nuclear Power stocks, acquiring 359,540,182 shares during the reporting period[32]. - The company reported a total investment of CNY 506 million in significant equity investments during the reporting period[33]. - The company’s total investment in significant non-equity projects reached CNY 837.08 million for the Taizhou Second Power Plant project[35]. - The company’s net profit from its stake in Qinshan Nuclear Power Co., Ltd. was CNY 124.75 million during the reporting period[39]. Corporate Governance - The company appointed PwC Zhongtian as the financial and internal control auditor for the 2017 fiscal year after a competitive selection process, ranking first among three candidates[47]. - There were no significant lawsuits or arbitration matters during the reporting period[48]. - The company and its controlling shareholders did not have any unfulfilled court judgments or significant overdue debts during the reporting period[48]. - The actual controller and shareholders committed to ensuring that the company remains the sole integration platform for thermal power generation within the group, with a long-term commitment to avoid competition[43]. - Zheneng Group has committed to minimizing related party transactions with Zheneng Power and ensuring fair pricing in such transactions[45]. Accounting Policies - The company adheres to the accounting standards for enterprises, ensuring that the financial statements accurately reflect its financial position as of June 30, 2017[107]. - The company has not reported any major accounting errors or changes in accounting policies during the reporting period[64]. - The company recognizes gains or losses from changes in the fair value of financial assets or liabilities, with specific treatments for different categories[118]. - The company applies a percentage-based method for bad debt provisions, with specific rates for different aging categories of receivables[124]. - The company recognizes expected liabilities when obligations arise from guarantees, litigation, product quality assurance, or loss contracts, and the amount can be reliably measured[149].

2017 年第一季度报告 公司代码：600023 公司简称：浙能电力 浙江浙能电力股份有限公司 2017 年第一季度报告 1 / 19 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 10 | 2017 年第一季度报告 一、 重要提示 | 未出席董事姓名 | 未出席董事职务 | 未出席原因的说明 | 被委托人姓名 | | --- | --- | --- | --- | | 吴国潮 | 董事长 | 工作原因 | 柯吉欣 | 1.3 公司负责人吴国潮、主管会计工作负责人曹路及会计机构负责人（会计主管人员）方建立保证季度报 告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | | | | 单位：元 币种：人民币 | | --- | --- | --- | --- | | | 本报告期末 | 上年度末 | 本报告期末比上年度末 | | | | | 增减(%) | | 总资产 | 106,464,859,878.59 | 105, ...

Financial Performance - The company's operating revenue for 2016 was CNY 39.18 billion, a decrease of 1.29% compared to CNY 39.69 billion in 2015[19] - The net profit attributable to shareholders for 2016 was CNY 6.28 billion, down 10.03% from CNY 6.98 billion in 2015[19] - Basic earnings per share for 2016 were CNY 0.46, a decrease of 14.81% from CNY 0.54 in 2015[20] - The weighted average return on equity for 2016 was 11.09%, down 2.79 percentage points from 13.88% in 2015[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses for 2016 was CNY 1,447,613,241.02, a decrease from CNY 2,645,148,871.86 in 2015[23] - The total revenue from electricity sales was ¥362.42 billion, with a slight decrease of 0.51% compared to the previous year[59] - The company's total revenue for 2016 was CNY 391.77 billion, achieving 89.04% of the budgeted CNY 440.01 billion[82] - The total profit for 2016 was CNY 86.99 billion, which is 93.67% of the planned CNY 92.87 billion[82] - The net profit attributable to the parent company's shareholders for 2016 was CNY 62.77 billion, exceeding the budget by 0.64%[82] Cash Flow and Investments - The net cash flow from operating activities increased by 5.49% to CNY 13.35 billion in 2016, compared to CNY 12.66 billion in 2015[19] - The net cash flow from operating activities for 2016 was CNY 4,164,023,217.69, compared to CNY 4,226,625,758.80 in 2015[23] - The net cash flow from investing activities improved to -¥3,688,337,115.08, a 21.03% increase from the previous year, primarily due to increased investment income and reduced capital expenditures[54] - The net cash flow from financing activities decreased to -¥6,352,951,644.00, a 36.92% improvement compared to the previous year, attributed to reduced debt repayments and increased financing lease receipts[54] - The company reported a total investment of 65.01 million RMB in poverty alleviation efforts, including funding for 141 impoverished students[124] Assets and Liabilities - The total assets at the end of 2016 were CNY 105.84 billion, reflecting a 2.10% increase from CNY 103.66 billion at the end of 2015[19] - The total liabilities were CNY 39.53 billion, slightly down from CNY 39.79 billion, indicating a decrease of about 0.6%[174] - The total equity of the company reached CNY 66.31 billion, up from CNY 63.87 billion, representing an increase of approximately 3.7%[174] - Current assets totaled CNY 24.81 billion, compared to CNY 21.59 billion at the beginning of the year, marking a growth of around 15.8%[173] - Cash and cash equivalents increased to CNY 15.77 billion from CNY 12.46 billion, a rise of approximately 26.5%[172] Operational Efficiency - The total power generation of the company's controlled units reached 103.767 billion kWh, representing a year-on-year growth of 13.39%[37] - The average utilization hours of coal-fired power equipment dropped to 4,165 hours in 2016, the lowest since 1964[34] - The comprehensive cost per kWh decreased by 1.01 cents, with coal cost (excluding coal price fluctuations) down by 0.29 cents and financial costs down by 0.4 cents[38] - The average coal consumption for power generation was 296.83 grams/kWh, a decrease of 2.51 grams/kWh year-on-year, reflecting improved efficiency[62] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 2.30 per 10 shares to all shareholders for the 2016 fiscal year[4] - The cash dividend amount for 2016 is approximately 3.13 billion RMB, accounting for 49.83% of the net profit attributable to ordinary shareholders[90] - The cash dividend amount for 2015 was approximately 3.67 billion RMB, which represented 52.64% of the net profit attributable to ordinary shareholders[90] Market Position and Strategy - The company is the largest coal-fired power enterprise in Zhejiang Province, managing and controlling about half of the province's total installed capacity[30] - The company has a diversified energy portfolio, including investments in nuclear power, holding stakes in several quality nuclear power enterprises[30] - The company is actively expanding its heating and photovoltaic projects, with 12 heating renovation projects and 12 photovoltaic projects in the preliminary stages[39] - The company plans to continue expanding its capacity and improving operational efficiency through ongoing projects and technological upgrades[64] Governance and Compliance - The company has implemented a strict internal control system, establishing a comprehensive internal control manual and risk database to enhance operational compliance[157] - The internal control audit report issued by Tianjian Accounting Firm confirmed that the company maintained effective financial reporting internal controls as of December 31, 2016[164] - The company has not reported any significant deficiencies in internal controls during the reporting period[164] - The company has a clear cash dividend policy that was approved at the 2013 annual general meeting and is reflected in the company’s articles of association[88] Related Party Transactions - The total amount of related party transactions with Zhejiang Energy Group was approximately RMB 1.82 billion, accounting for 100% of the total related transactions[103] - The largest transaction was with Zhejiang Provincial Natural Gas Company, amounting to RMB 1.66 billion, representing 91.23% of the total related transactions[103] - The company engaged in related transactions with Zhejiang Energy Group Financial Co., Ltd., with a maximum deposit balance of CNY 35 billion and a loan limit of CNY 40 billion for 2016, which were not exceeded[108] Social Responsibility - The company is actively involved in social responsibility initiatives, including targeted poverty alleviation and educational support[125] - The company has committed to implementing advanced energy-saving and emission-reduction technologies to support Zhejiang's goal of becoming a national clean energy demonstration province[125] - The company successfully ensured power supply during major events, contributing approximately 49% of the total regulated power generation in the province during the G20 summit[41]

2016 年第三季度报告 公司代码：600023 公司简称：浙能电力 浙江浙能电力股份有限公司 2016 年第三季度报告 1 / 21 | œ | . | 1 | 1 | | --- | --- | --- | --- | | . | | | | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 11 | 2016 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚 假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人吴国潮、主管会计工作负责人曹路及会计机构负责人（会计主管人员）施云峰保证季度报 告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司主要财务数据和股东变化 2.1 主要财务数据 | | | | 单位：元 币种：人民币 | | --- | --- | --- | --- | | | ...

Financial Performance - The company's operating revenue for the first half of 2016 was ¥17.84 billion, a decrease of 8.73% compared to ¥19.55 billion in the same period last year[19]. - Net profit attributable to shareholders was ¥4.16 billion, an increase of 6.53% from ¥3.91 billion year-on-year[19]. - The net cash flow from operating activities was ¥8.39 billion, reflecting a 2.18% increase from ¥8.21 billion in the previous year[19]. - Operating profit reached 5.738 billion RMB, and net profit attributable to the parent company was 4.164 billion RMB, representing year-on-year growth of 5.20% and 6.53% respectively[26]. - Revenue for the first half of the year was 17.84 billion RMB, down 8.73% from 19.55 billion RMB in the same period last year[28]. - Operating costs decreased by 13.36% to 12.52 billion RMB, primarily due to a drop in the benchmark coal price and reduced costs in external coal sales[29]. - The company achieved a significant increase in heating supply volume year-on-year, contributing to revenue despite a decline in electricity prices[26]. - The gross profit margin for electricity sales increased by 3.16 percentage points year-on-year, reaching 30.12%[36]. - The company reported a net bank interest income of RMB 3,806.63 million for the first half of 2016[50]. - The company reported a significant reduction in employee compensation payable, decreasing to CNY 173,584,667.59 from CNY 380,053,285.41, a drop of about 54.38%[105]. Assets and Liabilities - The total assets at the end of the reporting period were ¥102.59 billion, down 1.04% from ¥103.66 billion at the end of the previous year[19]. - Total current assets increased to CNY 22,124,021,833.79 from CNY 21,594,097,956.77, representing a growth of approximately 2.45%[104]. - Total non-current assets decreased to CNY 80,461,318,710.54 from CNY 82,068,207,573.14, a reduction of about 1.96%[104]. - Total liabilities decreased to CNY 38,752,624,554.21 from CNY 39,794,295,786.64, reflecting a decrease of approximately 2.62%[105]. - Total equity decreased slightly to CNY 63,832,715,990.12 from CNY 63,868,009,743.27, a decrease of approximately 0.055%[105]. Investments and Projects - The company has invested RMB 23,711.75 million in the Zhejiang Taizhou Second Power Plant project, which has a total planned investment of RMB 514,430.10 million[52]. - The Zhejiang Wenzhou Power Plant expansion project has received RMB 20,985.93 million of the planned RMB 285,000.00 million investment, and it is in operation[52]. - The company has committed to invest RMB 40,000.00 million in the first phase of the Zhejiang Sanmen Nuclear Power project, which is currently under construction[52]. - The company has also committed RMB 18,000.00 million for the expansion of the Qinshan Nuclear Power Plant, which is now in operation[52]. - The total investment for the Zhenhai Power Plant coal-fired unit relocation and renovation project is 5,905.41 million RMB, with the capital contribution accounting for 20% of the total investment[89]. Related Party Transactions - The total amount of related party transactions for purchasing natural gas from Zhejiang Province Natural Gas Development Co., Ltd. was ¥1,061,855,034.92, accounting for 95.26% of the total related party transactions[64]. - The total amount of related party transactions for purchasing goods from Zhejiang Tianhong Material Trading Co., Ltd. was ¥221,674,994.27, accounting for 14.40% of the total related party transactions[65]. - The company’s total related party transactions with coal and transportation companies reached CNY 604,404,761.22, accounting for 100% of the total related transactions in that category[69]. - The company signed a framework agreement for related party transactions with Zhejiang Energy Group for the years 2016-2018, which was approved by the shareholders' meeting[67]. Shareholder Information - The total number of shareholders at the end of the reporting period was 268,841[93]. - Zhejiang Energy Group Co., Ltd. held 9,512,667,001 shares, representing 69.94% of the total shares[95]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest shareholder holding nearly 70%[95]. - There were no changes in the controlling shareholder or actual controller during the reporting period[98]. Accounting and Financial Reporting - The company has maintained compliance with accounting standards, ensuring the accuracy of its financial reporting[134]. - The financial statements are prepared on a going concern basis, with no significant doubts regarding the company's ability to continue operations[133]. - The company recognizes revenue from joint ventures based on its share of the joint venture's output and related income[146]. - The company employs valuation techniques to determine the fair value of financial assets and liabilities, using observable and unobservable inputs[148]. - The company recognizes revenue from electricity sales upon receipt of monthly settlement statements confirmed by customers[186].

Financial Performance - Net profit attributable to shareholders of the listed company was ¥1.47 billion, representing a year-on-year increase of 16.10%[6]. - Operating revenue for the period was ¥8.12 billion, down 15.80% compared to the same period last year[6]. - Net cash flow from operating activities was ¥4.16 billion, a decrease of 5.26% year-on-year[6]. - The weighted average return on equity decreased by 0.26 percentage points to 2.62%[6]. - Basic and diluted earnings per share remained unchanged at ¥0.11[6]. - The company reported a net profit warning for the year, indicating potential losses or significant changes compared to the previous year[17]. - Total operating revenue for Q1 2016 was CNY 8,116,809,461.50, a decrease of 15.8% compared to CNY 9,640,446,020.49 in the same period last year[25]. - Net profit for Q1 2016 was CNY 1,684,361,619.41, an increase of 12.2% from CNY 1,500,849,043.23 in the previous year[26]. - The profit attributable to the parent company's shareholders was CNY 1,472,819,984.04, up 16.0% from CNY 1,268,565,123.47 year-over-year[26]. - Other comprehensive income after tax showed a loss of CNY 440,650,092.68, contrasting with a gain of CNY 26,393,488.94 in the previous year[26]. - The total comprehensive income for Q1 2016 was CNY 1,243,711,526.73, down from CNY 1,527,242,532.17 year-over-year[27]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥103.81 billion, a slight increase of 0.14% compared to the end of the previous year[6]. - The company's current assets increased to CNY 22.62 billion from CNY 21.59 billion, representing a growth of approximately 4.76%[18]. - The total liabilities decreased to CNY 38.70 billion from CNY 39.79 billion, a reduction of about 2.74%[20]. - The company's long-term equity investments increased to CNY 15.70 billion from CNY 15.06 billion, reflecting a growth of approximately 4.29%[19]. - The non-current assets totaled CNY 81.19 billion, down from CNY 82.07 billion, a decrease of about 1.07%[19]. - The company's total owner's equity rose to CNY 65.11 billion from CNY 63.87 billion, an increase of approximately 1.95%[20]. - The short-term borrowings decreased to CNY 5.60 billion from CNY 6.33 billion, a decline of about 11.51%[20]. - The total liabilities amounted to CNY 1,940,557,761.85, a decrease from CNY 2,341,595,840.31 in the previous year[23]. - Total equity increased slightly to CNY 54,866,439,304.29 from CNY 54,565,587,868.25 year-over-year[23]. Cash Flow - Operating cash inflow for the current period is CNY 10,749,393,270.77, a decrease of 17.3% from CNY 12,996,013,055.88 in the previous period[30]. - Cash outflow from investing activities is CNY 1,059,753,635.33, a decrease of 29.5% compared to CNY 1,503,145,019.16 in the previous period[31]. - Cash inflow from financing activities is CNY 2,992,704,340.95, significantly higher than CNY 1,022,000,000.00 in the previous period[31]. - Cash and cash equivalents at the end of the period total CNY 14,883,146,932.56, down from CNY 16,466,672,078.06 in the previous year[31]. - Cash and cash equivalents increased by CNY 2,426,811,736.83 during the period, compared to an increase of CNY 1,919,988,310.77 in the previous year[31]. - Total cash inflow from operating activities includes CNY 131,296,202.40 in tax refunds, up from CNY 3,856,700.00 in the previous period[30]. - Cash outflow for purchasing goods and services is CNY 4,442,064,119.57, a decrease of 29.9% from CNY 6,331,355,526.76 in the previous period[30]. Shareholder Information - The total number of shareholders at the end of the reporting period was 274,682[9]. - Zhejiang Energy Group Co., Ltd. held 69.94% of the shares, making it the largest shareholder[9]. Non-Operating Income and Expenses - The company reported non-operating income of ¥25.21 million from various non-recurring items[8]. - Non-operating income increased by 174.77% to ¥51.30 million from ¥18.67 million, mainly due to increased government subsidies and gains from the disposal of non-current assets[12]. - Non-operating expenses increased by 70.41% to ¥27.28 million from ¥16.01 million, primarily due to increased water conservancy fund contributions and losses from the disposal of non-current assets[12]. Commitments and Projects - The Ningxia Zaoquan Power Plant project (2×600MW) is still awaiting final approval from national authorities, creating uncertainty regarding its implementation[14]. - Zhejiang Energy Group committed to compensating Zhejiang Energy Power for any actual losses incurred due to violations of the commitment letter[14]. - Zhejiang Energy Group guarantees not to seek preferential conditions in market transactions compared to third parties[14]. - The establishment of China Nuclear Zhejiang Energy Co., Ltd. is in progress, focusing on nuclear power projects, with uncertainty regarding the final implementation of these projects[16]. - Zhejiang Energy Group will allow Zhejiang Energy Power to acquire shares in China Nuclear Zhejiang Energy once any nuclear project receives final approval from relevant authorities[16]. - Zhejiang Energy Financial Company has been established to enhance fund management efficiency, operating independently and in compliance with regulations[16]. - Zhejiang Energy Group plans to increase its shareholding in the company within six months if the stock price deviates from its reasonable value[16]. - Zhejiang Energy Group and its affiliates will not reduce their shareholding in the company for the next 12 months[16]. - The commitment to maintain the independence of Zhejiang Energy Power's operations is long-term and effective[15].

Financial Performance - In 2015, the company's operating revenue was approximately CNY 39.69 billion, a decrease of 10.17% compared to CNY 44.18 billion in 2014[16] - The net profit attributable to shareholders was CNY 6.98 billion, an increase of 16.97% from CNY 5.96 billion in the previous year[16] - The net cash flow from operating activities reached CNY 12.66 billion, representing a 21.42% increase compared to CNY 10.42 billion in 2014[16] - The total assets at the end of 2015 were approximately CNY 103.66 billion, a slight decrease of 0.52% from CNY 104.20 billion in 2014[16] - The company's net assets attributable to shareholders increased by 27.94% to CNY 55.62 billion from CNY 43.47 billion in 2014[16] - Basic earnings per share for 2015 were CNY 0.54, an increase of 8.00% from CNY 0.50 in 2014[17] - The diluted earnings per share also rose to CNY 0.54, reflecting a 10.20% increase from CNY 0.49 in the previous year[17] - The weighted average return on equity decreased to 13.88%, down 1.42 percentage points from 15.30% in 2014[17] - The company achieved a total profit of 10.279 billion yuan and a net profit attributable to shareholders of 6.976 billion yuan, representing year-on-year growth of 20.24% and 16.97% respectively, marking a historical high[30] Operational Efficiency - The total electricity generation reached 91.513 billion kWh, with grid-connected electricity of 86.421 billion kWh, maintaining a stable safety production record with no major accidents[31] - The average coal consumption for power generation was 299.34 grams/kWh, a decrease of 3.29 grams/kWh year-on-year, reflecting improved efficiency[31] - The gross profit margin for electricity production increased by 4.94 percentage points to 26.78% despite a decrease in revenue[39] - The company’s coal procurement price was 11.3 yuan/ton lower than the benchmark price, resulting in a cost savings of approximately 550 million yuan[30] - The company completed an investment of 5.651 billion yuan in controlled projects, with new coal-fired capacity of 3.32 million kW added during the year[32] Strategic Initiatives - The company has a strategic focus on expanding its nuclear power investments, having established a joint venture with China National Nuclear Corporation to further invest in the nuclear sector[27] - The company is actively expanding its business outside of Zhejiang province, targeting regions with abundant coal resources and rapid economic growth[27] - The company plans to arrange a total of 2,057 billion kWh of electricity generation in 2016, with coal-fired units accounting for 1,839 billion kWh[54] - The expected electricity demand for Zhejiang Province in 2016 is approximately 366 billion kWh, representing a year-on-year growth of around 3%[54] - The company aims to develop clean and efficient coal-fired power generation and expand distributed energy initiatives[77] Environmental Sustainability - The company is committed to aligning with national environmental policies and has implemented advanced energy-saving technologies to enhance operational efficiency[65] - The company is focused on expanding its clean energy initiatives and has made significant progress in reducing emissions and improving energy efficiency[65] - The average emissions of sulfur dioxide, nitrogen oxides, and particulate matter per unit of electricity were reduced by 26.1%, 30.8%, and 43.2% respectively compared to the previous year[127] - The company’s desulfurization and denitrification facilities achieved average efficiencies of 96.3% and 75.38%, respectively, exceeding the "Twelfth Five-Year Plan" requirements[127] - The company’s total pollutant emissions during the "Twelfth Five-Year Plan" period were reduced by 24,000 tons of sulfur dioxide, 117,000 tons of nitrogen oxides, and 4,000 tons of particulate matter[127] Shareholder Information - The company plans to distribute a cash dividend of CNY 2.70 per 10 shares to all shareholders[3] - In 2015, the company distributed a cash dividend of 2.70 CNY per 10 shares, totaling 3,672,186,296.76 CNY, with a net profit attributable to shareholders of 6,976,475,852.90 CNY, resulting in a payout ratio of 52.64%[87] - The cash dividend for 2014 was 2.50 CNY per 10 shares, amounting to 3,400,172,497.00 CNY, with a net profit of 5,964,358,783.42 CNY, leading to a payout ratio of 57.01%[87] Related Party Transactions - The total amount of related party transactions reached CNY 3,289,001,543.85, with natural gas transactions accounting for 95.64% of the total[104] - The company engaged in related party transactions with Zhejiang Tianhong Material Trading Co., Ltd. for CNY 613,559,602.71, representing 21.64% of the total related transactions[106] - The largest related party transaction was with Zhejiang Tiandi Environmental Engineering Co., Ltd., amounting to CNY 1,283,296,431.07, which is 45.26% of the total[106] - The company’s related party transactions include purchasing goods, accepting services, and renting office space, with various subsidiaries involved[106] - The company’s related party transactions have been approved by the shareholders' meetings held in 2012 and 2014[107] Financial Position - Total assets decreased to ¥103.66 billion from ¥104.20 billion, a decline of approximately 0.52%[148] - Total liabilities decreased significantly to ¥39.79 billion from ¥53.07 billion, a reduction of about 25.06%[148] - The asset-liability ratio improved to 38.39% from 50.93%, indicating better financial stability[148] - Total equity increased to CNY 63.87 billion from CNY 51.13 billion, reflecting a growth of about 24.8%[197] - The company reported a cash balance of approximately ¥12.46 billion as of December 31, 2015, down from ¥14.55 billion at the beginning of the year, indicating a decrease of about 14.4%[195] Governance and Compliance - The company has established a comprehensive governance structure in accordance with regulatory requirements, with 171 institutional documents reviewed and revised, including 138 new or amended documents[175] - The independent directors' remuneration is subject to approval by the shareholders' meeting, ensuring transparency in compensation[168] - The company has maintained a good credit status, with no significant debts or court judgments pending during the reporting period[101] - The company’s financial statements received an unqualified audit opinion, indicating they fairly reflect the financial position and results of operations for the year ended December 31, 2015[193] - The company has no significant internal control deficiencies reported during the evaluation period[187]

2015 年第三季度报告 公司代码：600023 公司简称：浙能电力 浙江浙能电力股份有限公司 2015 年第三季度报告 1 / 20 | A | N | 1 | 13 | | --- | --- | --- | --- | | | | | | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 11 | 2015 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员应当保证季度报告内容的真实、准确、完整，不存在虚假记 载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人吴国潮、主管会计工作负责人曹路及会计机构负责人（会计主管人员）徐晓剑保证季度报告中财务 报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司主要财务数据和股东变化 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年 | | --- | ...

Financial Performance - The company achieved a total revenue of CNY 19.55 billion in the first half of 2015, representing a year-on-year increase of 1.19%[14]. - The net profit attributable to shareholders reached CNY 3.91 billion, marking a 30.01% increase compared to the same period last year[14]. - The operating cash flow net amount was CNY 8.21 billion, which is an 82.68% increase year-on-year[14]. - Operating revenue for the current period is approximately ¥19.55 billion, a 1.19% increase from ¥19.32 billion in the same period last year[22]. - Operating costs decreased by 5.85% to approximately ¥14.45 billion from ¥15.35 billion year-on-year[22]. - The company achieved a profit margin of 26.96% in the electricity and heat supply sector, with a year-on-year increase of 5.31 percentage points[28]. - The total comprehensive income for the first half of 2015 was CNY 4,885,361,241.49, up from CNY 4,234,916,179.33 in the previous year, representing an increase of 15.4%[128]. - Basic and diluted earnings per share for the first half of 2015 were both CNY 0.32, up from CNY 0.25 in the same period last year[128]. Assets and Liabilities - Total assets as of June 30, 2015, amounted to CNY 105.70 billion, reflecting a 1.44% increase from the end of the previous year[19]. - The company's total liabilities decreased to CNY 45,094,982,028.77 from CNY 53,074,091,022.23, a decline of approximately 15.06%[120]. - The company's equity attributable to shareholders was CNY 53.06 billion, up 22.06% from the end of the previous year[19]. - The company's total equity at the end of the current period, including minority interests, is CNY 60,607,915,220.83, showing a substantial increase from CNY 51,129,496,959.69 at the end of the previous year[137]. - The company's current assets totaled CNY 24.48 billion, slightly down from CNY 24.71 billion at the beginning of the period, indicating a decrease of about 0.94%[119]. Investments and Capital Expenditures - The company has invested approximately ¥127.8 million in external equity investments, a decrease of 1.51% compared to the same period last year[38]. - The company has committed CNY 514,430,100 to the Taizhou Second Power Plant project, with CNY 153,602,530 invested to date[48]. - The company has allocated CNY 285,000,000 for the Wenzhou Power Plant expansion project, with CNY 68,717,390 invested so far[48]. - The company plans to invest RMB 30.92 billion in the Zheneng Aksu Textile Industrial City project, with a current investment of RMB 1.89 billion[52]. - The company has a diversified investment strategy, including stakes in several nuclear power projects to optimize its power generation structure[35]. Related Party Transactions - The total amount of related party transactions reached RMB 806,654,640.12, primarily involving coal purchases and sales[71]. - The company engaged in various related party transactions to enhance operational efficiency and reduce costs, ensuring compliance with management standards[63]. - The total amount of related party transactions with Zhejiang Energy Group's coal and transportation subsidiary reached RMB 717,090,102.48, accounting for 100% of similar transaction amounts[64]. - The company confirmed that related party transactions do not affect its independence[63]. - The company utilized various pricing principles for related party transactions, including government pricing, market pricing, and cost pricing, depending on the circumstances[68]. Financial Management and Compliance - The company has maintained compliance with relevant laws and regulations in its financial operations through its financial subsidiary, ensuring the safety of its deposits[88]. - The company has established a sound internal control system and has been operating independently and in compliance with regulations[88]. - The company has not provided any guarantees for subsidiaries during the reporting period[80]. - The company has committed to respecting the operational autonomy of its subsidiaries and will not interfere with their financial decisions[88]. - The company has retained Tianjian Accounting Firm as its financial and internal control auditor for the fiscal year 2015[91]. Shareholder Structure and Equity - The total number of shares held by state-owned entities is 10,320,694,800, accounting for 75.89% of the total shares[101]. - The largest shareholder, Zhejiang Energy Group Co., Ltd., holds 9,509,500,000 shares, with a lock-up period of 36 months from December 19, 2016[110]. - The total number of shares increased from 11,837,062,387 to 13,600,689,988 due to the conversion of convertible bonds, representing an increase of approximately 14.9%[103]. - The company has a total of 1,763,627,601 newly added shares from the convertible bond conversion[103]. - The company reported a profit distribution of CNY -4,299,989,025.52, indicating a net loss distribution to shareholders during the period[137]. Operational Strategies and Future Outlook - The company plans to continue focusing on production safety and operational management to sustain profitability amidst market challenges[20]. - The company is focused on power development and management, with a commitment to research and development in energy-saving technologies[145]. - The company has made strategic investments in new technologies and market expansion, which are expected to drive future growth[139]. - The company has not disclosed any new product developments or market expansion strategies in the current report[112]. - The company has no significant doubts regarding the assumption of going concern for the next 12 months[149].