Financial Performance - In 2020, the company's net profit attributable to shareholders was CNY 485,887,518.81, while the parent company's net profit was CNY 83,372,035.61[7]. - The company's operating revenue for 2020 was CNY 1,252,012,734.94, representing a 74.42% increase compared to 2019[23]. - The net profit attributable to shareholders for 2020 was CNY 485,887,518.81, a 151.95% increase from the previous year[23]. - The net profit after deducting non-recurring gains and losses was CNY 466,272,642.33, showing a 214.76% increase year-on-year[23]. - The company's total assets at the end of 2020 reached CNY 10,392,729,037.36, a 15.19% increase from 2019[23]. - The weighted average return on net assets for 2020 was 14.47%, an increase of 6.9981 percentage points compared to 2019[26]. - The company's cash flow from operating activities for 2020 was CNY 782,723,698.73, an 11.60% increase from 2019[23]. - The company's basic earnings per share for 2020 was CNY 0.2876, a 151.84% increase from 2019[26]. - The company reported a total revenue of 2,409.72 million RMB and a net profit of 602.44 million RMB for the year 2020[103]. - The company reported a net profit of approximately 485.89 million yuan for 2020, with no dividends distributed, reflecting a 0% payout ratio[131]. Profit Distribution and Retained Earnings - As of the end of 2020, the cumulative distributable profits for the parent company and consolidated statements were negative, at CNY -1,389,476,802.04 and CNY -574,775,700.88 respectively[7]. - The company plans not to distribute profits or increase capital reserves for the year 2020 due to negative distributable profits[7]. - The company has not proposed any capital increase from reserves due to the lack of distributable profits[7]. - The company plans to distribute at least 30% of the average distributable profit over the next three years as cash dividends, depending on annual profit conditions[154]. - In mature stages without major capital expenditures, cash dividends should account for at least 80% of profit distribution[154]. - The company will consider industry characteristics and operational factors when proposing differentiated cash dividend policies[154]. Operational Efficiency and Management - The company is committed to ensuring the accuracy and completeness of its financial reports, as stated by its management[6]. - The company has implemented 33 new or revised management regulations to enhance operational efficiency and standardization[52]. - The company aims to enhance its operational management and improve equipment utilization to minimize unplanned outages and maximize efficiency[114]. - The company has committed to ensuring the independence of its senior management, including the general manager and financial officer, by not holding positions in other companies controlled by the same party[134]. - The company guarantees the establishment of an independent financial department and accounting system, ensuring independent financial decision-making and tax compliance[134]. Project Development and Capacity - The installed capacity of the company’s wind power projects was 798,300 kW, while the photovoltaic projects had an installed capacity of 20,000 kW as of December 31, 2020[32]. - The company completed the acquisition of 100% equity in Zhongmin Haidian, enhancing its offshore wind power business and increasing its market share in Fujian province[40]. - The company is actively pursuing project development and high-quality project acquisitions to enhance its sustainable growth capabilities[45]. - The company has 14.4 million kW of capacity under construction, including 11.4 million kW for the Phase II offshore wind project[84]. - The company plans to expand its market presence in both wind and solar energy sectors, leveraging the growth in installed capacity nationwide[77]. Environmental and Safety Commitments - The company has maintained a zero-accident record during the reporting period, emphasizing its commitment to safety[52]. - The company emphasizes safety and environmental protection, aiming for zero accidents, zero injuries, and zero pollution in its operations[111]. - The cumulative power generation reached 2,304,176,400 kWh, saving approximately 718,800 tons of standard coal compared to similar thermal power enterprises[192]. - The company reduced carbon dioxide emissions by 1,896,200 tons, sulfur dioxide by 8,986.5 tons, nitrogen oxides by 8,295.2 tons, and particulate matter by 1,843,500 tons[192]. Risks and Challenges - The company has detailed potential risks and countermeasures in its report, particularly in the section discussing future development[9]. - Construction risks for wind and other renewable energy projects include adverse weather, supplier issues, and labor shortages, which could lead to project delays and cost overruns[121]. - Natural disaster risks, such as typhoons and extreme weather, could adversely affect the company's projects located in vulnerable regions[124]. - The COVID-19 pandemic has caused delays in equipment supply and project timelines, but the operational efficiency of existing power generation units remains largely unaffected[125]. - The renewable energy price subsidy in China is facing delays, impacting cash flow for power generation companies due to a growing funding gap for subsidies[119]. Financial Instruments and Investments - The company successfully completed the issuance of 560 million yuan in convertible bonds to support asset acquisition and project financing[51]. - The company issued 689,837,758 shares and 2,000,000 convertible bonds to acquire 100% equity of Zhongmin Haidian, with the registration completed on February 26, 2020[96]. - The company plans to pay interest on the convertible bonds annually, with rates starting at 0.2% in the first year and increasing to 1.5% in the fourth year[200]. - The company raised RMB 560 million through a convertible bond issuance, with net proceeds of RMB 555.5 million after fees, allocated for intermediary costs, the Phase II project of the Pinghai Bay offshore wind farm, and working capital[185]. Market and Industry Trends - The overall electricity consumption in China increased by 3.1% in 2020, with total electricity consumption reaching 7.51 trillion kWh[35]. - In 2020, the total installed capacity of renewable energy in China reached 934 million kilowatts, a year-on-year increase of approximately 17.5%[36]. - The newly added wind power installed capacity in 2020 was 71.67 million kilowatts, setting a historical record, with onshore wind power accounting for 68.61 million kilowatts and offshore wind power 3.06 million kilowatts[36]. - The company is focused on expanding its business in line with national renewable energy development policies and the "Belt and Road" initiative[110]. - Since 2019, competition in the renewable energy sector has intensified, particularly in the development of wind and solar projects, with companies vying for project rights in resource-rich areas[120].

2020 年第三季度报告 | --- | --- | --- | --- | |-------------------|-------|-------|-----------------------| | | | | | | | | | | | 公司代码： 600163 | | | 公司简称：中闽能源 | | 债券代码： 110805 | | | 债券简称：中闽定 01 | | 债券代码： 110806 | | | 债券简称：中闽定 02 | 中闽能源股份有限公司 2020 年第三季度报告 1 / 22 2020 年第三季度报告 一、 重要提示 二、 公司基本情况. 三、 重要事项 附录 四、 m 录 2 / 22 2020 年第三季度报告 单位：元 币种：人民币 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 公司董事长张骏、总经理王坊坤、主管会计工作负责人潘炳信及会计机构负责人（会计主管 人员）张荔平保证季度报告中财务报表的真 ...

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 445,765,789.53, representing a 52.32% increase compared to CNY 292,641,299.71 in the same period last year[23]. - The net profit attributable to shareholders of the listed company reached CNY 140,695,386.91, a significant increase of 155.81% from CNY 54,998,905.37 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was CNY 121,447,742.18, up 93.82% from CNY 62,659,870.26 year-on-year[23]. - The basic earnings per share for the first half of 2020 was CNY 0.0833, an increase of 155.52% compared to CNY 0.0326 in the same period last year[26]. - The diluted earnings per share rose to CNY 0.0819, reflecting a 160.00% increase from CNY 0.0315 year-on-year[26]. - The weighted average return on net assets increased to 4.3391%, up by 2.3697 percentage points from 1.9694% in the previous year[26]. - The total assets of the company at the end of the reporting period were CNY 9,446,374,527.37, a 4.70% increase from CNY 9,021,938,039.29 at the end of the previous year[23]. - The net cash flow from operating activities was CNY 173,116,422.75, a decrease of 34.11% compared to CNY 262,719,051.50 in the same period last year[23]. - The net assets attributable to shareholders of the listed company were CNY 3,226,916,816.29, showing a slight decrease of 0.96% from CNY 3,258,037,732.77 at the end of the previous year[23]. Business Operations - The company has no profit distribution plan or capital reserve transfer plan for the first half of 2020[7]. - As of June 30, 2020, the company's installed capacity reached 707,500 kW, with wind power accounting for 687,500 kW and solar power for 20,000 kW[32]. - The company reported a non-recurring gain of CNY 19,247,644.73, primarily from the net profit of subsidiaries from the beginning of the merger to the merger date[28]. - The total power generation in the first half of 2020 was 3.36 trillion kWh, a year-on-year decrease of 1.4%, while wind power generation increased by 10.9% to 237.9 billion kWh[32]. - The company’s business model includes the acquisition of quality wind and solar power project assets for operational management post-merger[32]. - The company completed the acquisition of 100% equity in Minhai Electric, expanding its business scope to include offshore wind power[32]. - The company completed the acquisition of 100% equity in Zhongmin Haidian, enhancing its offshore wind power business and further leveraging its regional competitive advantages[40]. - The company has actively expanded its project portfolio, including the completion of multiple wind power projects and the ongoing development of biomass power generation projects[40]. Market Position and Strategy - The company holds a 16.77% market share in wind power capacity in Fujian Province, with significant projects completed and under construction to enhance its competitive position[32]. - The company is strategically positioned in Fujian province, benefiting from superior wind resources and a growing demand for electricity[40]. - The company is actively pursuing project development outside Fujian, focusing on regions with abundant renewable energy resources and favorable transmission conditions[69]. - The company recognizes the competitive landscape for wind and solar projects, which will require strategic resource acquisition and potential mergers and acquisitions to enhance capacity and scale[69]. Financial Management - The company successfully implemented a major asset restructuring, raising a total of CNY 560 million through the issuance of convertible bonds[40]. - The company plans to enhance project feasibility assessments and cost-benefit analyses to mitigate the impact of new electricity pricing policies on profitability[68]. - The company aims to explore multi-energy complementary operating models and develop energy storage projects to participate in auxiliary services[72]. - The company will prioritize providing business opportunities related to asset operations and mergers to the listed company[81]. - The company has established a commitment to maintain independent financial accounting and management systems[78]. Risks and Challenges - The company is facing risks related to the construction of new energy projects due to supply chain disruptions caused by the pandemic, potentially delaying project timelines[70]. - The company has not experienced wind abandonment or electricity limitation issues in Fujian Province, but projects in Heilongjiang and Hami, Xinjiang still face such risks, which negatively impact revenue[69]. - The company is monitoring the dynamics of the offshore wind industry closely to ensure timely completion of the Putian Pinghai Bay offshore wind farm project by the end of 2021[68]. Corporate Governance - The company has committed to maintaining the independence of its management and financial personnel, ensuring no dual roles or salary payments from related entities[78]. - The company guarantees to avoid any direct or indirect control over competing entities during its period as the controlling shareholder of the listed company[81]. - The company will take effective measures to prevent any competition with the listed company from its controlled entities[81]. Community Engagement - The company is actively participating in poverty alleviation efforts, including donations and support for local communities[122]. - The company provided assistance to 30 households in Youxi Village during the Spring Festival, totaling RMB 10,225.04 in aid[123]. Audit and Compliance - The company has engaged Huaxing Accounting Firm for the 2020 audit, with no non-standard audit reports issued[98]. - There were no major litigation or arbitration matters during the reporting period[98]. - The company has no major accounting errors that require retrospective restatement during the reporting period[137]. - The company has no environmental information disclosure issues as it primarily engages in clean energy development and operation[133]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 26,811[142]. - The largest shareholder, Fujian Investment Development Group, holds 1,161,550,784 shares, representing 68.76% of total shares[142]. - The second largest shareholder, Straits Industry Investment Fund, increased its holdings by 689,837,758 shares during the reporting period[142]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the smallest among them holding 4,540,000 shares, which is 0.27%[143].

Financial Performance - Operating revenue for the period was ¥220,739,989.41, representing a year-on-year increase of 17.78%[11] - Net profit attributable to shareholders was ¥79,512,180.33, up 37.55% from the same period last year[11] - Basic earnings per share rose to ¥0.0471, a 37.72% increase year-on-year[11] - Total operating revenue for Q1 2020 was CNY 220,739,989.41, an increase of 17.7% compared to CNY 187,425,085.36 in Q1 2019[39] - Net profit for Q1 2020 reached CNY 88,785,920.88, representing a 42.4% increase from CNY 62,380,291.08 in Q1 2019[41] - Total comprehensive income for Q1 2020 was CNY 88,785,920.88, up from CNY 62,380,291.08 in Q1 2019[41] Cash Flow - Net cash flow from operating activities decreased by 58.95% to ¥92,960,112.52 compared to the previous year[11] - The company's cash flow from operating activities decreased by 49.03% to ¥152,795,296.96, mainly due to the absence of fund transactions with the controlling shareholder[20] - The net cash flow from operating activities decreased to ¥92,960,112.52 in Q1 2020, down from ¥226,436,251.63 in Q1 2019, indicating a decline of about 59%[52] - The cash inflow from financing activities for Q1 2020 was ¥78,343,531.85, compared to ¥1,099,431,292.53 in Q1 2019, representing a decrease of about 92.9%[52] Assets and Liabilities - Total assets at the end of the reporting period reached ¥9,038,346,006.35, an increase of 0.18% compared to the end of the previous year[11] - Current assets totaled approximately 1.92 billion, up from 1.89 billion year-over-year, driven by an increase in accounts receivable which rose to approximately 741.19 million from 630.42 million[28] - Total liabilities increased to approximately 5.76 billion from 5.66 billion, with current liabilities decreasing to approximately 2.07 billion from 2.21 billion[31] - Long-term borrowings rose to approximately 2.31 billion from 2.27 billion, indicating a strategic move to leverage debt for growth[31] Shareholder Information - The total number of shareholders at the end of the reporting period was 27,977[14] - The largest shareholder, Fujian Investment Development Group Co., Ltd., holds 68.76% of the shares[14] Investment Activities - Investment activities cash outflow decreased by 77.21% to ¥102,298,646.11, reflecting reduced payments for construction projects compared to the previous year[20] - The company completed the registration of 689,837,758 shares and 2,000,000 convertible bonds for the acquisition of 100% equity in Fujian Zhongmin Offshore Wind Power Co., Ltd. on March 30 and 31, 2020[23] Future Outlook - Future outlook remains cautiously optimistic, with plans for market expansion and potential acquisitions to enhance growth opportunities[32]

Financial Performance - In 2019, the parent company achieved a net profit of CNY 154,416,307.50, while the consolidated net profit attributable to shareholders was CNY 150,522,027.11[6] - The company's operating revenue for 2019 was CNY 580,751,341.10, representing a year-on-year increase of 10.81% compared to CNY 524,103,638.60 in 2018[22] - The net profit attributable to shareholders for 2019 was CNY 150,522,027.11, reflecting a growth of 15.47% from CNY 130,352,331.57 in 2018[22] - The net cash flow from operating activities increased by 21.30% to CNY 411,004,498.20 in 2019, up from CNY 338,831,598.59 in 2018[22] - The net profit after deducting non-recurring gains and losses for 2019 was CNY 148,133,883.20, which is a 13.81% increase from CNY 130,157,275.42 in 2018[22] - The company reported a profit before tax of CNY 210.19 million, an increase of 16.22% from the previous year[61] - The company achieved a total operating revenue of CNY 580.75 million in 2019, representing a year-on-year increase of 10.81%[60] - The company reported a total revenue of 57,448.84 million RMB, with a year-on-year increase of 10.12%[86] Distributable Profit and Dividend Policy - As of the end of the reporting period, the cumulative distributable profit for the parent company was negative CNY 1,472,848,837.65, and for the consolidated entity, it was negative CNY 1,161,545,210.37[6] - The company plans not to distribute profits or increase capital reserves due to the negative distributable profit situation[6] - The company has not proposed any cash profit distribution plans despite having positive profits available for distribution[131] - The company’s net profit for 2019 was CNY 150,522,027.11, which represents 0% of the profit allocated to ordinary shareholders[128] - The company did not distribute profits or increase capital reserves in 2018 due to negative cumulative profits available for distribution, with a net profit of CNY 130,352,331.57 for that year[128] - The company will distribute cash dividends amounting to at least 30% of the average distributable profit over the next three years, with specific minimum ratios based on the company's development stage and capital expenditure plans[150] Operational and Strategic Plans - The company plans to continue expanding its renewable energy projects, focusing on wind and solar power, to drive future growth[33] - The company is actively developing new projects, including the 30 MW biomass power generation project in Hulin City, which has received approval from the provincial development and reform commission[60] - The company plans to generate 2,410.03 million kWh in 2020, including an additional 1,082.88 million kWh from ongoing wind power projects[117] - The projected operating revenue for 2020 is approximately 1,309.90 million CNY, representing a year-on-year growth of 125.55%[117] - The company is focusing on expanding its business in offshore wind power, solar energy, and other clean energy sectors, in line with national development strategies[113] Risk Management and Compliance - The report includes a detailed discussion of potential risks and countermeasures related to the company's future operations[8] - The company faces risks related to electricity price fluctuations, with new policies potentially impacting revenue and profitability for new wind and solar projects[119] - The company will focus on project feasibility assessments and cost-benefit analyses to mitigate the impact of new electricity pricing policies on profitability[119] - The company will enhance safety management and disaster response capabilities to mitigate risks from extreme weather conditions[125] Environmental Impact and Sustainability - The company reduced carbon dioxide emissions by 957,100 tons, sulfur dioxide by 4,636.3 tons, nitrogen oxides by 418.73 tons, and particulate matter by 930,400 tons during the reporting period[186] - The company has not reported any environmental information as a key pollutant discharge unit during the reporting period[187] - The company is committed to increasing its investment in poverty alleviation and innovative support methods in response to the COVID-19 pandemic[184] Shareholder Structure and Governance - The largest shareholder, Fujian Investment Development Group, holds 471,713,026 shares, accounting for 47.20% of the total shares[194] - The company has not disclosed any changes in the number of ordinary shares or the structure of its shareholders during the reporting period[190] - The actual controller is the Fujian Provincial Government State-owned Assets Supervision and Administration Commission[198] - The company has committed to maintaining independence in management and financial operations, ensuring no overlap with controlling entities[133] Related Party Transactions - The company reported a total of 545.94 million RMB in related party transactions, primarily for office space rental and insurance fees[162] - The company has engaged in fair related party transactions based on market prices, ensuring no harm to minority shareholders[161] Acquisitions and Investments - The company plans to acquire 100% equity of Fujian Zhongmin Offshore Wind Power Co., Ltd. from its controlling shareholder through the issuance of shares and convertible bonds, with approval from the China Securities Regulatory Commission received on December 13, 2019[178] - The company made an equity investment of RMB 20 million in its wholly-owned subsidiary and RMB 60 million in a joint venture during the reporting period[101] Community Engagement - The company donated 5,000 RMB to Limen Central Primary School to improve reading conditions for students in poverty-stricken areas[180] - The company provided 11,988 RMB in relief supplies to impoverished households in Youxi Village, Guangze County[180] - The total amount spent on poverty alleviation activities during the reporting period was 89,697.72 RMB, prioritizing the purchase of products from key poverty alleviation counties[180]

Financial Performance - Net profit attributable to shareholders of the listed company was ¥87,940,548.45, a decrease of 8.96% year-on-year[10] - Operating revenue for the period was ¥379,573,330.27, reflecting a growth of 5.50% compared to the same period last year[10] - Basic and diluted earnings per share were both ¥0.088, a decline of 9.28% year-on-year[10] - The company reported a net loss of -1,224,126,689.03, an improvement from -1,297,750,648.51 in the previous year[32] - Net profit for Q3 2019 reached ¥23,952,310.88, a slight increase from ¥23,165,504.54 in Q3 2018[44] - Total profit for the first three quarters of 2019 was ¥122,102,542.96, down from ¥132,094,091.23 in the same period of 2018[44] - The company reported a decrease in total costs for the first three quarters of 2019, totaling ¥264,732,098.84, compared to ¥244,366,897.12 in 2018[41] - The company reported a net loss of ¥1,297,750,648.51 in retained earnings, a decrease of ¥14,316,588.97 from the previous period[68] Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,340,544,478.30, an increase of 9.10% compared to the end of the previous year[10] - Non-current assets totaled ¥3,396,019,218.26, up from ¥3,214,525,651.80, indicating an increase of about 5.7%[32] - Current liabilities rose to ¥730,088,587.40 compared to ¥702,449,264.45, reflecting a growth of approximately 3.4%[32] - Long-term borrowings increased to ¥1,470,310,075.31 from ¥1,298,972,214.98, showing a rise of about 13.2%[32] - Total liabilities reached ¥2,306,293,178.26, up from ¥2,025,589,552.84, which is an increase of approximately 13.9%[32] - Shareholders' equity totaled ¥2,034,251,300.04, compared to ¥1,952,932,733.22, marking an increase of about 4.2%[32] - Total assets amounted to ¥3,978,522,286.06, reflecting a decrease of ¥15,187,182.63 from the prior period[68] - Current liabilities reached ¥702,449,264.45, remaining unchanged from the previous period[68] Cash Flow - Net cash flow from operating activities was ¥177,329,684.53, down 13.71% from the previous year[10] - Cash received from operating activities totaled ¥329,882,274.10 in Q3 2019, down from ¥377,503,223.11 in Q3 2018, a decline of approximately 12.6%[54] - The net cash flow from operating activities was 30,991,335.91 RMB, a significant increase compared to 1,404,044.80 RMB in the same period last year[59] - The total cash outflow from investment activities amounted to 315,628,028.19 RMB, compared to 298,642,320.86 RMB in the previous year[56] - The net cash flow from financing activities was 209,853,896.03 RMB, up from 97,045,040.41 RMB year-over-year[56] - Cash and cash equivalents at the end of the period totaled 317,769,213.30 RMB, compared to 301,068,666.63 RMB at the end of the previous year[56] Shareholder Information - The total number of shareholders at the end of the reporting period was 30,124[12] - The largest shareholder, Fujian Investment Development Group Co., Ltd., held 471,713,026 shares, accounting for 47.20% of the total[12] Investments and Expenses - Long-term equity investments reached CNY 60,823,289.22, primarily from the establishment of a joint venture for charging facilities[17] - Management expenses increased by 30.08% to CNY 32,679,129.03, attributed to the capitalization of prior expenses in wind power projects[19] - Investment income soared by 584.86% to CNY 860,111.14, resulting from recognized returns from the joint venture in charging facilities[19] - The company incurred tax and additional charges of 5,014.50 million RMB in Q3 2019, compared to 3,097.10 million RMB in Q3 2018, an increase of approximately 62.0%[48]

Financial Performance - The company's operating revenue for the first half of 2019 was ¥259,258,124.02, representing a 3.03% increase compared to ¥251,624,894.01 in the same period last year[23]. - The net profit attributable to shareholders of the listed company decreased by 14.74% to ¥64,074,398.79 from ¥75,153,707.50 year-on-year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥62,659,870.26, down 16.49% from ¥75,033,608.73 in the previous year[23]. - The net cash flow from operating activities was ¥92,487,394.68, a decrease of 6.25% compared to ¥98,648,705.19 in the same period last year[23]. - The total profit for the company was 90,454,000 RMB, a decrease of 12.95% year-on-year[39]. - Basic earnings per share decreased by 14.67% to ¥0.064 from ¥0.075 in the same period last year[23]. - The weighted average return on net assets was 3.392%, down 0.85 percentage points from 4.243% in the previous year[23]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,371,164,458.14, reflecting a 9.87% increase from ¥3,978,522,286.06 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company increased by 2.67% to ¥1,913,941,467.29 from ¥1,864,183,657.47 at the end of the previous year[23]. - Total liabilities reached RMB 2,360,865,468.98, up from RMB 2,025,589,552.84, indicating an increase of about 16.52%[124]. - The company's current assets totaled RMB 982,605,231.01, compared to RMB 763,996,634.26 in the previous year, reflecting a rise of approximately 28.69%[121]. - The company's cash and cash equivalents were reported at RMB 373,115,310.25, up from RMB 246,176,205.05, which is an increase of approximately 51.5%[121]. Investment and Projects - The company is actively pursuing the construction of a biomass cogeneration project in Fuyuan City, Heilongjiang Province, with a capacity of 150,000 kW[39]. - The company is in the process of acquiring 100% equity of its controlling shareholder's wholly-owned subsidiary, which will expand its business into offshore wind power projects[31]. - The company has completed the installation of all 38 wind turbines at the Fuzhou Matou Mountain and Wangmu Mountain wind farms[39]. - The total investment for the Fuzhou Maotoushan Wind Farm project is CNY 416.49 million, with CNY 87.02 million invested during the reporting period[53]. - The company has established a wholly-owned subsidiary for biomass power generation in Heilongjiang, enhancing its clean energy portfolio[65]. Challenges and Risks - The company anticipates risks from declining on-grid electricity prices due to national policies, which may adversely affect revenue and profitability from wind and solar projects[61]. - The company is facing challenges with wind and solar curtailment, particularly in regions like Gansu and Xinjiang, which could negatively impact project revenues[64]. - The company is monitoring the delayed issuance of renewable energy subsidies, which could affect cash flow and operational efficiency[64]. - The company aims to improve equipment utilization and reduce unplanned outages to mitigate risks associated with wind and solar curtailment[64]. Social Responsibility and Community Engagement - The company donated materials worth 8,988 RMB to impoverished households in Fujian Province and provided books valued at 5,000 RMB to improve reading conditions in local schools[102]. - The company invested 1.40 million RMB in social poverty alleviation efforts, with 500,000 RMB specifically aimed at improving educational resources in impoverished areas[103]. - The company is committed to fulfilling its social responsibilities through active participation in national poverty alleviation initiatives[101]. - The company has established a long-term poverty alleviation mechanism to ensure effective implementation of its poverty alleviation plans[104]. Corporate Governance and Compliance - The company guarantees that senior management personnel, including the general manager and financial officer, will work exclusively for the listed company and not hold other positions in related enterprises[71]. - The company commits to maintaining independent financial operations, including establishing a separate financial department and independent accounting systems[71]. - The company ensures that all assets are independently controlled and owned by the listed company, preventing any illegal occupation of funds or assets by related parties[71]. - The company promises to minimize related party transactions and ensure that unavoidable transactions are conducted transparently and fairly[71]. Shareholder Information - The company has 32,236 common stock shareholders as of the end of the reporting period[110]. - The largest shareholder, Fujian Investment Development Group, holds 471,713,026 shares, accounting for 47.20% of the total shares[111]. - The company has not experienced any changes in its share capital structure during the reporting period[109]. Financial Reporting and Accounting Policies - The company adheres to the Chinese Accounting Standards, ensuring accurate financial reporting and compliance[175]. - The company has not reported any changes in accounting policies or prior period error corrections during this reporting period[160]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[179].

证券代码：600163 证券简称：中闽能源 公告编号：2019－042 中闽能源股份有限公司 关于参加 2019 年福建辖区上市公司 投资者集体接待日活动的公告 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。 中闽能源股份有限公司（以下简称"公司"）为便于广大投资者更深入全面 地了解公司情况、发展战略、经营状况、融资计划、股权激励、可持续发展等投 资者所关心的问题，公司定于 2019 年 7 月 18 日下午 14:00-17:00 参加由福建证 监局协同深圳市全景网络有限公司组织开展的 2019 年福建辖区上市公司投资者 集体接待日活动。现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络 远 程 的 方 式 举 行 ， 投 资 者 可 以 登 录 " 全 景 · 路 演 天 下 " 网 站 （http://rs.p5w.net/）或关注微信公众号：全景财经（微信号：p5w2012）， 参与公司本次投资者集体接待日活动，活动时间为 2019 年 7 月 18 日（星期四） 14 ...

2019 年第一季度报告 公司代码：600163 公司简称：中闽能源 中闽能源股份有限公司 2019 年第一季度报告 1 / 20 2019 年第一季度报告 í 重要提示 . 二、 公司基本情况 . 重要事项 . IIÍ 四、 附录 . 目录 2 / 20 2019 年第一季度报告 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 公司董事长张骏、总经理王坊坤、主管会计工作负责人潘炳信及会计机构负责人（会计主管 人员）张荔平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 | --- | --- | --- | --- | --- | --- | |-----------------------------------------------|------------------|----------------------|----------|------ ...

Financial Performance - In 2018, the parent company achieved a net profit of ¥166,749,451.98, while the consolidated net profit attributable to shareholders was ¥130,352,331.57[6]. - As of the end of the reporting period, the cumulative distributable profit for the parent company was -¥1,627,265,145.15, indicating no profit distribution for the year[6]. - The company reported a negative cumulative distributable profit of -¥1,297,750,648.51 on a consolidated basis, leading to a decision not to distribute profits or increase capital reserves[6]. - In 2018, the company's operating revenue was CNY 524,103,638.60, an increase of 3.43% compared to CNY 506,703,076.69 in 2017[23]. - The net profit attributable to shareholders was CNY 130,352,331.57, a decrease of 15.07% from CNY 153,476,261.49 in 2017[23]. - The total profit for the year was CNY 180,860,571.58, a decrease of 14.75% year-on-year[58]. - The net profit attributable to the parent company was CNY 130,352,300, down 15.07% from the previous year[55]. - The company's operating revenue for the electricity sector reached ¥521.69 million, with a year-on-year increase of 3.87%, while operating costs increased by 12.70%[63]. - The company's short-term borrowings increased to ¥260 million, a 225% rise compared to the previous year, primarily due to new bank loans[74]. Operational Highlights - The company reported a total power generation of 6.8 trillion kWh in 2018, with a year-on-year growth of 6.8%[38]. - The total electricity consumption in 2018 was 6.84 trillion kWh, showing an increase of 8.5% compared to the previous year[38]. - The company achieved a total installed capacity of 436,500 kW by December 31, 2018, with wind power accounting for 416,500 kW and solar power for 20,000 kW[55]. - The total electricity generated by the company's projects reached 1,040,542,900 kWh in 2018, representing a year-on-year increase of 6.92% from 973,174,500 kWh[55]. - The company reported a significant improvement in the solar power sector, with a total installed capacity of 174 million kW by the end of 2018, and a solar power generation of 177.5 billion kWh, a year-on-year increase of 50.8%[45]. - The company completed the construction of 38 wind turbine foundations at the Fuzhou Matoushan and Wangmushan wind farms during the reporting period[54]. - The company reported a total revenue of 52,169.33 million RMB, with a year-on-year increase of 3.87% compared to 50,224.95 million RMB in the previous year[80]. Market and Industry Trends - In 2018, the total installed wind power capacity in China reached 184 million kW, accounting for 25.3% of the total power generation capacity, with a total wind power generation of 366 billion kWh, representing 4.8% of the total power generation, an increase of 0.7 percentage points from 2017[40]. - The average utilization hours for wind power in China increased by 147 hours year-on-year to 2095 hours in 2018, with Fujian province having the second-highest average utilization hours at 2587 hours[40]. - The average selling price of electricity increased by 17.93% to 597.77 RMB/MWh in 2018[79]. - The total amount of wind power abandoned in 2018 was 27.7 billion kWh, a decrease of 142 million kWh from the previous year, resulting in an average abandonment rate of 7%, down 5 percentage points[78]. - The company is actively pursuing the development of the 200,000 kW wind power project in Xinjiang and is seeking investment opportunities in solar thermal projects in the region[48]. Risk Management and Compliance - The company has outlined potential risks and countermeasures related to its future operations in the report[8]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[8]. - There were no violations of decision-making procedures regarding external guarantees[8]. - The company has committed to minimizing related party transactions and ensuring they are conducted fairly and transparently[128]. - The company has established an independent financial department and accounting system, ensuring compliance with financial regulations[128]. Shareholder and Governance - The company has established a three-year shareholder return plan for 2017-2019, which was approved at the 2016 extraordinary general meeting[124]. - The company has committed to maintaining the independence of its management and financial operations, ensuring no overlap with other controlled entities[128]. - The company guarantees the independence of its assets, ensuring that all assets are under its control and not used to secure debts of other entities[128]. - The total number of ordinary shares is 999,465,230, with 75.40% being tradable shares[186]. - The largest shareholder, Fujian Investment Development Group, holds 471,713,026 shares, representing 47.20% of the total shares[190]. Environmental and Social Responsibility - The company actively participated in poverty alleviation efforts, donating RMB 2,100 and providing RMB 7,080 worth of materials to support local communities[175]. - The company has established a long-term poverty alleviation mechanism to ensure effective implementation of its initiatives[177]. - The company reduced carbon dioxide emissions by 877,000 tons, sulfur dioxide by 416 tons, nitrogen oxides by 384 tons, and particulate matter by 853,200 tons through its clean energy initiatives[179]. - The company focuses on wind and solar power development, contributing to environmental sustainability[179].