股票简称：广州发展 股票代码：600098 公告编号：临 2023-024 号 公司债券简称：21 穗发 01、21 穗发 02、22 穗发 01、22 穗发 02 公司债券代码：188103、188281、185829、137727 广州发展集团股份有限公司 关于召开2022年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 完整性承担个别及连带责任。 重要内容提示： 广州发展集团股份有限公司（以下简称"公司"）已于 2023 年 4 月 8 日发布公司 2022 年年度报告，详见上海证券 交易所网站（www.sse.com.cn）。为便于广大投资者更全面 深入地了解公司 2022 年度经营成果、财务状况，公司计划 于 2023 年 4 月 24 日下午 15:00-16:30 举行 2022 年年度业 绩说明会，就投资者关心的问题进行交流。 1 会议召开时间：2023年4月24日（星期一）15:00-16:30 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://r ...

Financial Performance - The company's operating revenue for 2022 was approximately ¥47.85 billion, representing a year-on-year increase of 26.26% compared to ¥37.90 billion in 2021[21]. - Net profit attributable to shareholders for 2022 reached approximately ¥1.35 billion, a significant increase of 686.80% from ¥172.07 million in 2021[21]. - The net cash flow from operating activities for 2022 was approximately ¥3.74 billion, reflecting a year-on-year increase of 78.66% compared to ¥2.09 billion in 2021[21]. - Basic earnings per share for 2022 were ¥0.3882, up 517.17% from ¥0.0629 in 2021[22]. - The total assets at the end of 2022 were approximately ¥61.96 billion, an increase of 5.27% from ¥58.86 billion at the end of 2021[21]. - The company reported a net profit of approximately ¥497.55 million in Q4 2022, with a total operating revenue of approximately ¥12.36 billion for the same quarter[24]. - The company achieved a significant increase in overall performance, with multiple key operational indicators reaching historical highs in 2022[28]. - The total comprehensive income rose to ¥1.05 billion, a dramatic increase from ¥27.15 million in the same period last year, marking a 3,784.86% growth[47]. - The company reported a total revenue of 143,088 million, with a net profit margin of 76.87% for the year 2022[115]. Dividend and Capital Management - The company plans to distribute a cash dividend of 2.00 CNY per 10 shares, totaling approximately 701.49 million CNY, subject to final calculations based on the total share capital on the record date[4]. - The company does not plan to increase capital reserves through stock transfers for the 2022 fiscal year, suggesting a conservative approach to capital management[4]. - The cash dividend amount (including tax) was 350,743,520.36 yuan, which represents 173.07% of the net profit attributable to ordinary shareholders in the consolidated financial statements[140]. Governance and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants, ensuring the accuracy and completeness of the financial report[3]. - There are no non-operating fund occupations by controlling shareholders or related parties, indicating a stable financial governance structure[5]. - The company has confirmed that there are no violations of decision-making procedures regarding external guarantees, reinforcing its compliance with regulations[6]. - The company has not reported any instances where more than half of the board members could not guarantee the authenticity of the annual report, indicating strong governance practices[6]. - The company is committed to maintaining the accuracy and integrity of its financial reporting, as stated by its senior management[3]. - The company has revised its governance structure and improved internal control systems to ensure compliance and protect investor rights[104]. - The company has established a cash dividend mechanism to ensure fair distribution of profits to shareholders, aligning with regulatory requirements[106]. - The company has implemented strict insider information management protocols, with no violations reported during the reporting period[107]. - The company maintains an independent asset structure with clear ownership rights, ensuring no interference from the controlling shareholder[108]. - The company has established an independent financial department with a separate accounting system and tax obligations, ensuring autonomous financial decision-making[109]. Strategic Focus and Future Plans - The company aims to build a leading green and low-carbon comprehensive intelligent energy enterprise group in China, indicating a strategic focus on sustainability[1]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[24]. - The company is committed to innovation and has built a multi-platform R&D system, collaborating with various universities and research institutions[46]. - The company aims to enhance its energy supply and service capabilities to improve Guangzhou's energy self-sufficiency rate, contributing to the revitalization of the old city[94]. - The company plans to focus on high-quality development during the "14th Five-Year Plan" period, emphasizing the transition to a green, low-carbon, and smart energy enterprise[95]. - The company will implement five development strategies: green low-carbon, technological innovation, smart energy, going global, and talent empowerment[95]. - The company is accelerating the construction of a comprehensive energy industry chain, focusing on natural gas power generation and new energy sectors, while enhancing its logistics capabilities and expanding overseas coal market scale[99]. Environmental and Social Responsibility - The company has invested in clean energy projects, including natural gas, wind, and solar power, to support its dual carbon goals[161]. - The company has established emergency response plans for environmental incidents, ensuring preparedness for potential pollution events[155]. - The company has received environmental approval for multiple projects, including the Guangzhou LNG emergency peak-shaving gas storage project[154]. - The company made a total social contribution of approximately RMB 2.555 million during the reporting period, including RMB 2.4918 million in cash donations and RMB 63,200 in material donations[164]. - The company supported rural revitalization efforts by investing RMB 704,500 in the Meizhou City Jiao Ling County and promoting a solar energy project with a planned investment of RMB 290 million[171]. - The company donated RMB 600,000 for flood relief efforts in Qingyuan City and Shaoguan City, and contributed RMB 310,000 to support COVID-19 prevention in Guangzhou[167]. - A total of 58,900 people benefited from the company's poverty alleviation and rural revitalization projects, which included industry cooperation and rural governance initiatives[173]. Research and Development - The company organized over 380 research and development innovation projects, focusing on technologies such as combustible ice storage and hydrogen energy[36]. - Research and development expenses increased by 10.37% to ¥575.33 million, compared to ¥521.27 million in the previous year[47]. - The number of R&D personnel is 1,016, accounting for 16.85% of the total workforce[65]. - The company is focusing on technology research and development in areas such as hydrogen energy and digitalization, and is actively participating in major national and local technology projects[101]. Market and Operational Performance - The company completed a market coal sales volume of 30.58 million tons, representing a year-on-year growth of 15.06%[31]. - The company signed long-term LNG purchase agreements exceeding 2 million tons per year, enhancing its overseas gas source procurement capabilities[32]. - The company’s controllable installed capacity for wind and solar power exceeded 2.37 million kW, reflecting a year-on-year growth of 33%[33]. - The company’s total coal imports reached 3.96 million tons, a year-on-year increase of 32%[36]. - The company’s financial services initiated green bills and electronic commercial bills discounting, successfully introducing low-cost funds[36]. - The company has established a comprehensive monitoring system for pollutants, with all key pollution sources equipped with online monitoring facilities[156].

Financial Performance - The company's operating revenue for Q3 2022 reached ¥14,786,916,147.46, representing a year-on-year increase of 44.09%[4] - Net profit attributable to shareholders for Q3 2022 was ¥501,754,385.11, a significant increase of 531.71% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥497,207,428.39, up 544.21% year-on-year[4] - The weighted average return on equity for Q3 2022 was 2.1044%, an increase of 1.6744 percentage points compared to the previous year[5] - Total operating revenue for the first three quarters of 2022 reached CNY 35.54 billion, a 26.2% increase from CNY 28.15 billion in the same period of 2021[19] - Net profit attributable to shareholders of the parent company was CNY 1.22 billion, compared to CNY 743.12 million in the previous year, reflecting a significant increase[21] - Total comprehensive income for the third quarter of 2022 reached ¥1,070,494,035.18, compared to ¥964,342,973.15 in the same period of 2021, reflecting an increase of approximately 11%[22] - Basic and diluted earnings per share for the third quarter of 2022 were both ¥0.3493, up from ¥0.2788 in the previous year, representing a growth of about 25.4%[22] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was ¥3,325,785,855.05, showing a substantial increase of 315.22% year-on-year[4] - Cash inflow from operating activities totaled ¥43,114,724,494.22 for the first three quarters of 2022, compared to ¥34,735,316,876.85 in 2021, indicating an increase of approximately 24.5%[23] - Cash outflow from operating activities was ¥39,788,938,639.17 in the first three quarters of 2022, up from ¥33,934,339,724.20 in the previous year, marking an increase of about 17.3%[23] - The ending cash and cash equivalents balance was 205.85 million RMB, showing a significant increase in operating cash flow compared to the previous period[10] - The company reported cash and cash equivalents of ¥7,995,548,790.04 at the end of the third quarter of 2022, down from ¥2,614,171,446.90 at the same time last year[24] - The company received cash from financing activities totaling ¥12,609,065,791.04 in the third quarter of 2022, compared to ¥8,117,299,464.42 in the same period of 2021, reflecting an increase of approximately 55.5%[24] - The company’s net cash flow from financing activities was -¥1,912,969,120.57 in the third quarter of 2022, contrasting with a positive flow of ¥1,994,284,210.99 in the same quarter of 2021[24] Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥59,698,747,376.19, reflecting a 2.70% increase from the end of the previous year[5] - The company's total current assets decreased from 16,728.57 million RMB at the end of 2021 to 16,384.85 million RMB by September 30, 2022[16] - Total assets amounted to CNY 59.70 billion, up from CNY 58.13 billion year-over-year, indicating a growth of 2.7%[18] - Total liabilities increased to CNY 32.84 billion, compared to CNY 31.99 billion, representing a rise of 2.6%[18] - The total liabilities decreased slightly to CNY 12,798,511,180.80 from CNY 12,804,198,594.82 year-over-year[26] - The company’s total equity decreased to CNY 16,657,690,115.18 from CNY 17,108,361,569.41 year-over-year[26] Operational Efficiency - The company reported a significant increase in natural gas sales volume and price, contributing to the overall profit growth in the energy sector[9] - The company has focused on cost control and efficiency improvements, which positively impacted profit margins across various business segments[9] - The company reported a total cost of operations of CNY 34.55 billion, an increase from CNY 27.98 billion, reflecting a rise of 23.5%[19] - Research and development expenses for the third quarter were CNY 356.92 million, slightly up from CNY 346.59 million in the previous year[20] - The financial expenses for the third quarter of 2022 were CNY 123,861,041.20, down from CNY 191,329,612.58 in the same period of 2021[28] - The company’s research and development expenses for the third quarter of 2022 were CNY 153,426.35, significantly lower than CNY 923,399.55 in the same period of 2021[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 66,012[11] - The largest shareholder, Guangzhou Industrial Investment Holding Group Co., Ltd., holds 56.97% of the shares, totaling 2,019,111,863 shares[11] Strategic Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19] - The company has not reported any significant new strategies or product developments during this quarter[14]

Corporate Strategy and Goals - The company aims to build a leading green and low-carbon comprehensive intelligent energy enterprise group in China[1]. - The company is actively expanding its market presence in the Guangdong-Hong Kong-Macao Greater Bay Area and is pursuing innovative breakthroughs in energy finance and green low-carbon integrated smart energy[21]. - The company is focusing on the development of green and low-carbon energy industries to enhance competitive advantages amid increasing competition in the energy sector[60]. - The company is actively investing in green low-carbon energy projects, including natural gas power generation units and renewable energy projects such as wind and solar power[81]. - The company aims to strengthen its financial position through strategic investments and potential mergers and acquisitions[153]. Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥20.71 billion, representing a 16.01% increase compared to the same period last year[16]. - The net profit attributable to shareholders for the same period was approximately ¥716.67 million, reflecting a 7.98% increase year-over-year[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥686.25 million, which is a 25.47% increase compared to the previous year[16]. - The net cash flow from operating activities reached approximately ¥915.14 million, marking a 25.28% increase from the same period last year[16]. - The company's total assets at the end of the reporting period were approximately ¥57.65 billion, a decrease of 0.82% compared to the end of the previous year[16]. Risk Management and Compliance - The board of directors guarantees the authenticity, accuracy, and completeness of the semi-annual report, assuming legal responsibility for any misstatements or omissions[2]. - The company has described potential risks in the "Management Discussion and Analysis" section of the report[5]. - The semi-annual report has not been audited, ensuring transparency in financial reporting[3]. - The company has maintained compliance with environmental discharge standards, with no exceedances reported for major pollutants[67]. Environmental and Social Responsibility - The company actively promotes green development and environmental responsibility, expanding its clean energy projects[79]. - The company has achieved a 100% operational rate for its wastewater treatment facility, with all discharges meeting the provincial water pollution discharge standards[69]. - The company has developed emergency response plans for environmental incidents, covering various potential pollution sources[75]. - The company has installed online monitoring facilities for all key pollution sources, ensuring compliance with national environmental standards[76]. Shareholder and Equity Information - The total number of ordinary shareholders as of the end of the reporting period is 59,331[112]. - The top shareholder, Guangzhou Industrial Investment Holding Group Co., Ltd., holds 2,019,111,863 shares, representing 56.97% of total shares[113]. - The company has a total of 845,118,953 shares allocated for various stock incentive plans[111]. - The company’s stock repurchase account holds 36,620,288 shares, representing 1.03% of the total shares[114]. Investment and Capital Management - The company completed a total investment of 1.089 billion yuan in nine "attack projects," with significant progress in major projects such as the Pearl River LNG power plant phase II[40]. - The company plans to expand investments in gas pipeline projects and photovoltaic power generation, with significant expenditures on ongoing projects[51]. - The company has established a capital development fund with an investment of 100 million yuan led by its controlling shareholder, Guangzhou Guofa[95]. - The company issued corporate bonds totaling 150 million RMB at a 3.43% interest rate, maturing on May 13, 2026[118]. Research and Development - The company has established a multi-platform R&D system, collaborating with various institutions to enhance its innovation capabilities[31]. - The company’s research and development expenses for the first half of 2022 were ¥203,455,595.24, slightly down from ¥207,140,050.84 in the previous year[134]. - The company is focused on future technological advancements and product development in the energy industry[153]. Financial Reporting and Accounting Policies - The company's financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance[160]. - The company will implement changes to its accounting policies starting July 1, 2022, in accordance with the Ministry of Finance's regulations[24]. - The company recognizes expected credit losses for financial assets measured at amortized cost and those measured at fair value with changes recognized in other comprehensive income, using historical loss experience and current conditions[179].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 8,353,570,710.45, representing a decrease of 6.93% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 260,663,805.36, an increase of 30.59% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 235,270,957.96, showing a significant increase of 96.49%[4] - Total operating revenue for Q1 2022 was RMB 8,368,382,051.25, a decrease of 6.9% from RMB 8,989,577,684.30 in Q1 2021[16] - Net profit for Q1 2022 reached RMB 220,224,373.75, representing an increase of 18.3% compared to RMB 186,133,823.94 in Q1 2021[17] - Operating profit for Q1 2022 was RMB 247,356,761.66, up 69.2% from RMB 146,205,114.43 in Q1 2021[17] - The total profit for Q1 2022 was RMB 253,006,133.52, an increase of 15.1% from RMB 219,549,070.97 in Q1 2021[17] Cash Flow - The net cash flow from operating activities was negative at CNY -415,935,143.30[4] - Cash flow from operating activities for Q1 2022 was -415,935,143.30 RMB, compared to -245,873,009.34 RMB in Q1 2021, indicating a decline in cash flow[18] - Net cash flow from operating activities was -$42.41 million, an improvement from -$47.99 million in the previous period[25] - Total cash inflow from investment activities was $559.04 million, down from $1,012.55 million in the previous period[25] - Cash outflow from investment activities reached $1.97 billion, compared to $2.72 billion in the previous period[25] - Net cash flow from financing activities was -$151.14 million, a significant decrease from $2.23 billion in the previous period[25] - The net increase in cash and cash equivalents was -$1.60 billion, contrasting with an increase of $476.73 million in the previous period[25] - Cash received from operating activities totaled $20.57 million, compared to $9.75 million in the previous period[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 58,639,719,690.32, an increase of 0.88% from the end of the previous year[4] - The total current assets were RMB 16,628,975,300.01, slightly decreased from RMB 16,728,567,085.11 in the previous period, indicating a decline of about 0.59%[13] - Total liabilities reached RMB 32,311,434,504.94, compared to RMB 31,995,278,300.09, showing an increase of about 0.98%[14] - The total equity attributable to shareholders was RMB 23,428,695,576.59, up from RMB 23,194,499,057.13, indicating a growth of approximately 1.01%[15] - The total liabilities amounted to 12,712,530,421.60 RMB in Q1 2022, slightly down from 12,804,198,594.82 RMB in Q1 2021, a reduction of approximately 0.7%[22] Inventory and Expenses - The company reported a significant increase in inventory, with a rise of 92.35% due to increased coal stock[6] - Research and development expenses for Q1 2022 amounted to RMB 74,193,395.74, a decrease of 3.6% from RMB 77,256,780.65 in Q1 2021[16] - The company experienced a decrease in sales expenses, which were RMB 40,118,116.58 in Q1 2022, down from RMB 57,863,853.35 in Q1 2021[16] - Financial expenses for Q1 2022 were 45,009,747.06 RMB, down from 59,846,204.41 RMB in Q1 2021, reflecting a decrease of about 25.0%[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 51,056[8] - Basic earnings per share for Q1 2022 were RMB 0.0749, slightly down from RMB 0.0750 in Q1 2021[17] Government Support - The company received government subsidies amounting to CNY 5,584,735.23, which are closely related to its normal business operations[5]

Dividend and Capital Management - The company plans to distribute a cash dividend of 1.00 yuan per 10 shares, totaling approximately 350.74 million yuan[4]. - The company has not conducted any capital reserve transfers to increase share capital for the 2021 fiscal year[4]. - The company has established a cash dividend mechanism to protect shareholder rights, with a profit distribution management system in place for the years 2021-2023[107]. - The company plans to implement a three-year shareholder dividend return plan from 2021 to 2023, which was approved during the annual shareholders' meeting[112]. Financial Performance - The company's operating revenue for 2021 was ¥37.91 billion, an increase of 19.80% compared to ¥31.65 billion in 2020[16]. - The net profit attributable to shareholders was ¥202.65 million, a decrease of 77.57% from ¥903.47 million in 2020[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥8.23 million, down 98.97% from ¥800.15 million in 2020[16]. - The company's total assets increased by 33.94% to ¥58.13 billion at the end of 2021, compared to ¥43.40 billion at the end of 2020[16]. - The weighted average return on equity decreased to 1.13% in 2021, down 4.04 percentage points from 5.17% in 2020[17]. - The company reported a net cash flow from operating activities of ¥2.02 billion, a decrease of 11.60% from ¥2.28 billion in 2020[16]. - The total operating cost for 2021 was 38.72 billion RMB, reflecting a rise of 26.92% year-on-year[45]. - The company reported a net loss of 71.69 million RMB, a significant decline from a net profit of 1.09 billion RMB in the previous year, marking a 106.56% decrease[47]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[3]. - The company has confirmed that there are no violations of decision-making procedures regarding external guarantees[5]. - The company has not faced any penalties from securities regulatory agencies in the past three years[123]. - The internal control audit report issued by the accounting firm provided a standard unqualified opinion on the company's internal control implementation for the fiscal year 2021[149]. Business Operations and Strategy - The company has not disclosed any significant changes in its operational strategy or market expansion plans in the report[6]. - The company is focused on transforming its business from clean energy to a comprehensive smart energy model, aligning with its strategic goals for the 14th Five-Year Plan[25]. - The company is actively developing a smart gas management system and expanding its LNG emergency peak-shaving gas source station project[42]. - The company is committed to deepening cooperation with state-owned enterprises to enhance the energy supply chain and industry clusters[97]. Environmental Responsibility - The company has maintained compliance with environmental regulations, with all wastewater, solid waste, and noise emissions meeting legal requirements[162]. - The company achieved a 100% operational rate for its wastewater treatment facilities, with a 100% compliance rate for wastewater discharge standards in Guangdong Province[155]. - The company has invested in clean energy projects, including natural gas power generation and renewable energy sources, achieving a cumulative new energy generation of 2.8 billion kWh in 2021, which reduced carbon dioxide emissions by over 2.3 million tons[164]. - The company has received recognition as a "notable contributor to pollution reduction and carbon reduction" from the Guangdong Provincial Department of Ecology and Environment[164]. Research and Development - Total R&D investment amounted to ¥521,268,563.51, representing 1.38% of operating revenue[61]. - The number of R&D personnel is 1,129, making up 19.44% of the total workforce[62]. - The company has built a multi-platform R&D system, collaborating with various universities and research institutions to enhance innovation capabilities[43]. - The company is investing 500 million RMB in R&D for new technologies in renewable energy solutions[118]. Market and Sales Performance - The total sales volume of electricity reached 204.47 billion kWh, reflecting a 29.72% increase year-on-year[52]. - The energy logistics business revenue increased by 4.17% to approximately ¥22.62 billion, with a gross margin increase of 2.25 percentage points[51]. - The company plans to expand its investments in renewable energy projects, including solar and natural gas initiatives, to enhance future revenue streams[48]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[118]. Corporate Governance - The company has implemented a strict insider information management system, with no violations reported during the reporting period[108]. - The company held three shareholder meetings in the reporting period, adhering to legal and regulatory requirements[110]. - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to CNY 1,070.55 million, with the highest individual remuneration being CNY 141.88 million for the general manager[114]. - The company’s board of directors was re-elected during the second extraordinary shareholders' meeting of 2021[111]. Challenges and Risks - The company faces challenges due to high prices of bulk energy commodities and increased production costs, impacting its operations[104]. - The company has outlined potential risks in the "Management Discussion and Analysis" section of the report[6]. - The company aims to enhance risk prevention and management efficiency, focusing on safety supervision of ongoing projects and major hazards[103].

Financial Performance - The company's operating revenue for Q3 2021 was ¥10,262,521,418.87, representing a year-on-year increase of 17.67%[4] - The net profit attributable to shareholders for Q3 2021 was ¥79,427,491.17, showing a significant decrease of 74.44% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥77,181,212.66, down 74.57% year-on-year[4] - The basic earnings per share for the year-to-date period was ¥0.0297, a decrease of 74.35% compared to the previous year[4] - The net profit for Q3 2021 was approximately 734.99 million, a decrease from 1,000.64 million in Q3 2020, representing a decline of about 26.5%[27] - The company reported a total comprehensive income of approximately 964.34 million for Q3 2021, compared to 1,002.37 million in Q3 2020, showing a slight decline of about 3.8%[27] - The total profit margin for Q3 2021 was approximately 636.16 million, compared to 1.21 billion in Q3 2020, indicating a decline of about 47.5%[27] Assets and Liabilities - The total assets at the end of the reporting period reached ¥50,356,331,875.06, an increase of 16.03% compared to the end of the previous year[5] - The total assets as of the end of the third quarter of 2021 were ¥50,356,331,875.06, compared to ¥43,400,669,145.60 at the end of the same period in 2020, marking an increase of about 15.5%[25] - Total liabilities reached ¥28,587,820,267.64 in 2021, up from ¥22,348,226,394.02 in 2020, which is an increase of approximately 28.5%[25] - Total current assets amounted to RMB 9,550,325,283.86 as of Q3 2021[31] - Total non-current assets reached RMB 33,850,343,861.74, showing a slight decrease of RMB 40,335,891.61 compared to the previous period[31] - Total liabilities stood at RMB 22,348,226,394.02, with a slight increase of RMB 40,335,891.61 from the previous period[33] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥800,977,152.65, down 65.73% year-on-year[4] - The net cash flow from operating activities for Q3 2021 was approximately 800.98 million, down from 2.34 billion in Q3 2020, reflecting a decrease of about 65.7%[28] - The company generated approximately 2.71 billion in cash inflow from investment activities in the first three quarters of 2021, compared to 706.54 million in the same period of 2020, marking an increase of about 283.5%[28] - The net cash outflow from investment activities for Q3 2021 was approximately 2.87 billion, compared to a net outflow of 1.94 billion in Q3 2020, indicating a worsening of about 48.5%[29] - Cash and cash equivalents at the end of Q3 2021 were approximately 2.61 billion, down from 3.09 billion at the end of Q3 2020, a decrease of about 15.3%[29] Sales and Production - The company experienced a significant increase in sales volume and price for thermal power and natural gas, contributing to a 23.63% increase in operating revenue year-to-date[7] - In the first nine months of 2021, the company achieved a power generation of 16.6 billion kWh, a year-on-year increase of 34%, with thermal power generation at 14.6 billion kWh (up 27%) and renewable energy generation at 2 billion kWh (up 131%) [13] - The company served over 2 million natural gas users in Guangzhou, achieving a natural gas sales volume of 1.7 billion cubic meters, a year-on-year increase of 12.35% [13] - The company sold approximately 21.2 million tons of market coal in the first nine months of 2021 and imported about 4 million tons of coal [14] Research and Development - Research and development expenses increased to ¥346,585,651.21 in 2021 from ¥297,703,357.19 in 2020, reflecting a growth of approximately 16.4%[26] - The company applied for over 90 new patents and received 90 new patent authorizations in the first nine months of 2021, totaling approximately 450 valid patents [19] Corporate Actions - The company successfully issued 2.5 billion yuan in corporate bonds and 2.5 billion yuan in short-term financing notes, with interest rates at the optimal level for similar instruments [14] - The company plans to raise no more than 5.627 billion yuan through a non-public offering of A-shares to support urban gas, comprehensive energy services, and renewable energy projects [17] - The company has implemented a stock incentive plan, granting 27,259,986 shares to 197 core employees to enhance team cohesion and competitiveness [16] Safety and Compliance - The company has maintained a continuous safe production record of 4,850 days as of September 30, 2021, with no major safety incidents reported [20] Equity and Goodwill - The equity attributable to shareholders increased to ¥18,598,707,412.10, reflecting a growth of 3.56% year-on-year[5] - The company's goodwill increased to ¥1,256,712,103.22 from ¥495,143,056.80, reflecting a growth of approximately 153.5%[24] - The company's total equity was RMB 21,052,442,751.58, indicating stability in shareholder equity[34]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥17,850,421,305.07, representing a 27.34% increase compared to ¥14,018,452,112.71 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was ¥663,687,981.95, up 23.66% from ¥536,705,902.33 in the previous year[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥546,919,802.08, which is a 10.24% increase from ¥496,116,759.99 in the same period last year[16]. - The net cash flow from operating activities was ¥730,500,869.71, reflecting a 5.32% increase compared to ¥693,573,048.22 in the previous year[16]. - The total assets at the end of the reporting period were ¥51,729,988,861.09, a 19.19% increase from ¥43,400,669,145.60 at the end of the previous year[16]. - The net assets attributable to shareholders of the listed company were ¥18,227,787,205.80, showing a 1.50% increase from ¥17,959,021,216.56 at the end of the previous year[16]. - Basic earnings per share for the reporting period (1-6 months) increased to 0.2493 CNY, up 24.15% from 0.2008 CNY in the same period last year[17]. - Diluted earnings per share for the reporting period also reached 0.2493 CNY, reflecting a 24.15% increase compared to the previous year[17]. - The weighted average return on equity rose to 3.62%, an increase of 0.51 percentage points from 3.11% year-on-year[17]. - The company achieved operating revenue of 17.85 billion CNY, a year-on-year increase of 27.34%, and a net profit attributable to shareholders of 664 million CNY, up 23.66% year-on-year[30]. Operational Highlights - The electricity business saw a market transaction volume of 6.3 billion kWh, a 15% increase year-on-year, with total power generation reaching 8.793 billion kWh, up 30.28% year-on-year[30]. - The gas business completed natural gas sales of 1.159 billion cubic meters, a 26.09% increase year-on-year, with terminal and distribution user sales growing by 24% and 46% respectively[30]. - The renewable energy segment reported a power generation of 1.442 billion kWh, a significant increase of 141.78% year-on-year, with controllable installed capacity growing by 52% to approximately 1.5 million kW[31]. - The company expanded its strategic layout, with green and low-carbon energy accounting for over 40% of its business[33]. - The company has a controllable installed capacity of 4.0345 million kW for thermal power generation[25]. - The company has a total of 1.5 million kW of controllable installed capacity for renewable energy, with over 10 million kW of project resources reserved, ranking among the top in Guangdong Province[25]. Environmental Compliance - The company’s environmental compliance shows that emissions of major pollutants are within the permitted limits, with no exceedances reported during the reporting period[61]. - The company achieved a 100% operational rate for dust removal facilities with a 99.9% efficiency, and a 100% operational rate for desulfurization facilities with a 98.5% efficiency[65]. - The nitrogen oxide emissions were recorded at 25.56 mg/Nm³, totaling 203.789 tons, which is below the limit of 100 mg/Nm³[63]. - The sulfur dioxide emissions were recorded at 16.28 mg/Nm³, totaling 139.666 tons, which is below the limit of 50 mg/Nm³[63]. - The company has successfully integrated multiple pollutant removal technologies in its coal-fired power plants, achieving ultra-clean or ultra-low emissions[65]. Research and Development - Research and development expenses rose by 27.63% to ¥207.14 million, reflecting the company's focus on cultivating high-tech enterprises and increasing R&D projects[37]. - The company has implemented over 100 R&D projects focusing on hydrogen energy, natural gas hydrate storage, and digital economy innovations[35]. - The company has built 4 provincial engineering technology research centers and 4 municipal R&D institutions, enhancing its independent innovation capabilities[28]. Strategic Initiatives - The company aims to leverage financial services to support energy industry development, enhancing resource integration and industrial synergy for sustainable growth[20]. - The company is focused on comprehensive energy, energy conservation, and environmental protection, with a strong presence in the Guangdong-Hong Kong-Macao Greater Bay Area and expanding operations nationally and internationally[20]. - The company plans to raise up to ¥6 billion through a private placement of A-shares to accelerate its transition to low-carbon and renewable energy[35]. - The company is actively developing a smart gas management system and expanding its LNG emergency peak-shaving gas source station project[27]. Financial Position - The total cash and cash equivalents at the end of the period reached ¥3,312,278,629.13, representing a 173.43% increase compared to the previous year[41]. - Accounts receivable increased to ¥2,306,284,599.97, accounting for 4.46% of total assets, with a year-on-year growth of 13.78% due to increased demand and higher electricity receivables[41]. - Long-term borrowings increased by 53.80% to ¥6,088,281,920.83, driven by new long-term loans and the consolidation of the acquired company, Run Electric New Energy[41]. - The company's equity attributable to shareholders reached ¥18,227,787,205.80, compared to ¥17,959,021,216.56, marking a growth of about 1.5%[122]. Market Expansion - The company plans to continue expanding its market presence and investing in new energy projects, including wind power acquisitions[41]. - The company is involved in comprehensive energy business, including electricity, coal, oil, natural gas, and renewable energy[147]. - The company has established a long-term mechanism to consolidate and expand the achievements of poverty alleviation and effectively connect with rural revitalization efforts[78]. Corporate Governance - The company appointed Ma Suying as the Chief Financial Officer on March 3, 2021[55]. - The company has committed to improving its compensation system to align with performance measures[1]. - The company has implemented a restricted stock incentive plan effective from April 2, 2021, until completion[89]. Shareholder Information - The company will distribute a cash dividend of 0.17 RMB per share (including tax) for the 2020 fiscal year, as approved by the board and the annual general meeting[104]. - The total issued share capital of the company is 2,726,196,558 shares, with a registered capital of 2,726,196,558 RMB[147]. - The top shareholder, Guangzhou Guofa Development Holdings Co., Ltd., holds 1,709,111,863 shares, representing 62.69% of the total shares[108].

Financial Performance - Operating revenue rose by 43.54% to CNY 8.98 billion year-on-year[4] - Net profit attributable to shareholders increased by 72.33% to CNY 199.61 million compared to the same period last year[4] - Basic earnings per share increased by 73.61% to CNY 0.0750[4] - The company's operating revenue reached ¥8,975,983,211.35, a 43.54% increase compared to ¥6,253,208,208.62 from the previous year, driven by rising coal sales volume and prices[10] - The net profit for the period was ¥186,133,823.94, representing an 80.20% increase from ¥103,290,833.45 in the same period last year, attributed to the growth in the renewable energy business[11] - The company’s operating profit was ¥146,205,114.43, a 65.06% increase from ¥88,574,439.20, driven by profit growth in the renewable energy sector[11] - The company reported a total comprehensive income of 361,495,951.18 CNY for Q1 2021, compared to a loss of 28,579,359.65 CNY in Q1 2020[23] - The net profit for Q1 2021 was 186,133,823.94 CNY, a significant increase from 103,290,833.45 CNY in Q1 2020, representing an increase of approximately 80.2%[22] - Total operating revenue for Q1 2021 reached ¥8,989,577,684.30, a significant increase of 43.3% compared to ¥6,276,312,094.54 in Q1 2020[21] Assets and Liabilities - Total assets increased by 13.40% to CNY 49.21 billion compared to the end of the previous year[4] - The total number of shareholders reached 57,704 by the end of the reporting period[8] - The total liabilities increased by 749.12% to ¥2,773,532,588.72, primarily due to the issuance of ultra-short-term financing[10] - The total assets as of March 31, 2021, amounted to ¥25,512,726,834.77, up from ¥23,044,399,144.02 at the end of December 2020, reflecting a growth of 10.7%[21] - The total liabilities increased to ¥13,607,500,400.03, compared to ¥11,234,381,116.16 in the previous period, marking a rise of 21%[21] - The total current liabilities were RMB 3,020,946,135.52, highlighting short-term financial obligations[37] - The total non-current assets were reported at RMB 18,785,118,101.09, indicating significant long-term investments[37] Cash Flow - Net cash flow from operating activities decreased by 64.38% to -CNY 245.87 million[4] - Cash flow from financing activities showed a net increase of ¥3,391,943,086.12, a significant turnaround from a net outflow of ¥718,363,763.54 in the previous year, driven by new bond issuance and bank loans[12] - The net cash flow from financing activities was 3,391,943,086.12 RMB in Q1 2021, a turnaround from -718,363,763.54 RMB in Q1 2020[29] - The net cash flow from investing activities was -2,821,869,734.94 RMB in Q1 2021, compared to -524,564,380.23 RMB in Q1 2020, showing a significant increase in cash outflow[28] - Total cash inflow from operating activities in Q1 2021 was 10,459,731,884.73 RMB, up from 6,914,812,052.20 RMB in Q1 2020, representing an increase of approximately 51%[28] Shareholder Information - The largest shareholder, Guangzhou State-owned Assets Development Holdings Co., Ltd., holds 62.69% of the shares[8] - The company has not disclosed any significant new product developments or market expansion strategies in this report[9] Research and Development - Research and development expenses increased by 47.20% to ¥77,256,780.65, reflecting the company's commitment to fostering high-tech enterprises and increasing R&D projects[11] - The company has allocated resources for research and development of new products, aiming to enhance its competitive edge in the market[21] Strategic Initiatives - The company approved the investment in the Guangzhou LNG emergency peak-shaving gas source station project, which received approval from the municipal development and reform commission[13] - The company agreed to acquire 100% equity of Guangdong Run Electric New Energy Co., Ltd. through its wholly-owned subsidiary, Guangzhou Development New Energy Co., Ltd.[13] - The company has proposed a strategic development plan for the "14th Five-Year Plan" period[13] - The company plans to expand its market presence and invest in new technologies to drive future growth[21]