Dividend Distribution - The company plans to distribute a cash dividend of 2.70 RMB per 10 shares to all shareholders, with the total cash dividend amount to be determined based on the total share capital on the dividend record date[4] - For the fiscal year 2020, the company increased the cash dividend to 2.70 RMB per 10 shares, amounting to 482,011,162.56 RMB, with a payout ratio of 32.24% of net profit attributable to ordinary shareholders[79] - The company distributed a cash dividend of 2.50 RMB per 10 shares for the fiscal year 2019, totaling 387,958,686.25 RMB, with a payout ratio of 31.19% of net profit attributable to ordinary shareholders[78] - The company has committed to a minimum cash dividend of 10% of the distributable profit for the year, provided the profit is positive and the financial report receives an unqualified audit opinion[88] - The company plans to distribute dividends at least once a year, with a cumulative cash distribution of no less than 30% of the average distributable profit over any three consecutive years[88] Financial Performance - In 2020, the company's operating revenue was approximately ¥9.56 billion, a decrease of 3.90% compared to 2019[17] - The net profit attributable to shareholders was approximately ¥1.50 billion, an increase of 20.21% year-over-year[17] - The net cash flow from operating activities was approximately ¥2.26 billion, down 16.54% from the previous year[17] - The total assets at the end of 2020 reached approximately ¥34.81 billion, reflecting a growth of 24.63% compared to 2019[17] - The basic earnings per share for 2020 was ¥0.90, representing a 12.50% increase from 2019[18] - The diluted earnings per share increased to ¥0.82, up 13.89% from the previous year[18] - The weighted average return on equity rose to 10.64%, an increase of 0.42 percentage points compared to 2019[18] - The company achieved a total profit of 1.863 billion yuan in 2020, representing a year-on-year increase of 13.67%[31] - The company reported a total of ¥34.13 million in non-recurring gains and losses for 2020[22] Audit and Compliance - The company has received a standard unqualified audit report from Lixin Accounting Firm, ensuring the accuracy and completeness of the financial report[3] - The report confirms that all board members attended the board meeting, ensuring collective responsibility for the report's content[3] - The financial report is prepared in accordance with the relevant regulations and has been verified for accuracy by the management team[3] - There are no non-operating fund occupations by controlling shareholders or related parties, and no violations in decision-making procedures for external guarantees[5] - The company did not experience any non-standard audit opinions from its accounting firm[91] Operational Highlights - The company operated a total installed capacity of 5.193 million kilowatts, with clean energy accounting for 49.62% of the total[30] - The company generated a total of 13.199 billion kilowatt-hours of electricity in Fujian, representing 5.01% of the province's total electricity generation[27] - The average utilization hours for the company's wind power projects reached 2,975 hours, exceeding the national average by 902 hours[30] - The company’s thermal power generation business maintained a leading position in Fujian's industrial heating market, with significant supply capacity[29] - The company’s wind power generation in 2020 was able to replace approximately 910,000 tons of standard coal, reducing CO2 emissions by about 2.58 million tons[30] Investment and Acquisitions - The company completed the cash acquisition of a 49% stake in Shenhua Funiu and issued shares to acquire a 10% stake in Ningde Nuclear Power[32] - The company completed the issuance of 208,540,956 shares to acquire a 10% stake in Ningde Nuclear Power from its controlling shareholder[107] - The company transferred a 49% stake in Shenhua Funiu Power to its wholly-owned subsidiary Hongshan Thermal Power, with the transfer completed on December 28, 2020[107] Research and Development - Research and development expenses rose by 53.28% year-on-year to 21.336 million yuan, primarily due to increased investments from subsidiaries[34] - The company developed and authorized 1 invention patent and 18 utility model patents during the reporting period, with a total of 108 patents by the end of 2020[43] - The company is investing heavily in R&D, with a budget allocation of 150 million CNY for new technologies in the upcoming year[153] Social Responsibility - The company invested a total of RMB 440.85 million in poverty alleviation efforts during the reporting period[109] - The company has provided RMB 50,000 to support 100 impoverished students who were admitted to university in the current year[109] - The company has conducted home visits and provided assistance to impoverished households, distributing a total of RMB 75,600 in relief funds[109] - The company aims to enhance its social responsibility initiatives in alignment with national poverty alleviation goals and local community needs[114] Environmental Initiatives - The company has established a comprehensive environmental protection strategy, ensuring zero wastewater discharge and compliance with emission standards[118] - The company has completed the construction of air pollution control facilities, achieving ultra-low emission standards for waste gas treatment[119] - The company has implemented a zero wastewater discharge system by categorizing and reusing various types of wastewater[120] - The company’s renewable energy segment, including wind power, has no pollutant emissions, contributing to its clean energy portfolio[125] Governance and Management - The company’s governance structure complies with the requirements set forth by the China Securities Regulatory Commission and the Shanghai Stock Exchange[168] - The company has established a performance evaluation mechanism for senior management, in accordance with modern enterprise management requirements[175] - The company’s board of directors had no independent directors raising objections during the reporting period[173] - The company has undergone changes in its board and management personnel, including the election of new directors and the retirement of the chairman[162] Future Outlook - The company forecasts a 6%-7% growth in national electricity consumption for 2021, driven by economic factors and energy substitution[69] - The company plans to enhance its marketing strategies in the electricity and heat markets to stabilize the utilization hours of its coal-fired and wind power generation units[75] - The company aims to achieve a power generation volume of 21.1 billion kilowatt-hours and a revenue of 12.6 billion yuan in 2021[73] - The company plans to actively participate in local education, employment, infrastructure, and charity initiatives as part of its social responsibility in the upcoming "14th Five-Year Plan" period[114]

Financial Performance - The company's operating revenue for the first half of 2019 was approximately RMB 4.45 billion, representing a 15.87% increase compared to RMB 3.84 billion in the same period last year[18]. - The net profit attributable to shareholders of the listed company reached approximately RMB 494.55 million, an increase of 21.61% from RMB 406.66 million year-on-year[18]. - The net cash flow from operating activities was approximately RMB 918.39 million, reflecting a 23.13% increase compared to RMB 745.87 million in the previous year[19]. - Basic earnings per share for the first half of 2019 were RMB 0.32, up 23.08% from RMB 0.26 in the same period last year[20]. - The diluted earnings per share increased to RMB 0.28, a 7.69% rise from RMB 0.26 year-on-year[20]. - The weighted average return on net assets was 4.14%, an increase of 0.34 percentage points compared to 3.80% in the previous year[20]. - The company reported a net profit after deducting non-recurring gains and losses of approximately RMB 473.37 million, which is a 17.34% increase from RMB 403.42 million in the same period last year[18]. Assets and Liabilities - The total assets of the company at the end of the reporting period were approximately RMB 27.75 billion, a 1.98% increase from RMB 27.21 billion at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company were approximately RMB 11.92 billion, showing a 1.49% increase from RMB 11.74 billion at the end of the previous year[19]. - The company reported a decrease in cash and cash equivalents by 4.04% to 506.13 million RMB[32]. - The total liabilities decreased by 1.58% to CNY 115,481.52 million, reflecting effective debt management strategies[33]. - The company's total assets reached CNY 1,000,000 million, with a net profit of CNY 22,633.88 million reported for the subsidiary Hongshan Thermal Power[41]. Investments and Projects - The company invested CNY 14,000.00 million in Haixia Power for wind power generation, with a cumulative investment of CNY 77,000.00 million, representing 35% of the company's equity[35]. - The company has ongoing projects such as the Putian Shicheng Offshore Wind Farm with an investment of CNY 369,000 million, currently under construction and not yet generating revenue[38]. - Research and development expenses increased by 230.43% to 50.99 million RMB due to investments in textile business and new power plant[30]. Environmental Compliance - The company achieved a sulfur dioxide (SO2) emission concentration of 20.84 mg/m3, below the standard limit of 35 mg/m3, with total emissions of 297.52 tons for the first half of 2019[80]. - The company has implemented a zero discharge policy for wastewater, ensuring environmental compliance and sustainability[80]. - The company has successfully completed ultra-low emission transformations at its facilities, ensuring that emissions meet national standards[82]. - The company has established a comprehensive environmental monitoring plan, conducting quarterly assessments across all facilities[87]. Shareholder and Governance - The company plans to distribute dividends at least once a year, with a minimum cash distribution of 10% of the distributable profit for the year, provided the profit is positive and the audit report is unqualified[52]. - The company has established a dividend policy that requires a minimum cash dividend ratio of 80% for mature companies without significant capital expenditure plans[52]. - The company ensures that all related party transactions are conducted at market-based and fair prices, adhering to legal and regulatory requirements[48]. - Fuhua Group commits to fully compensating any losses incurred by the company within 30 days if risks arise from deposits and settlement funds at Fuhua Financial Company[49]. Risk Management - The company faces risks from fluctuations in coal prices and changes in electricity demand growth rates[44]. - The company will focus on controlling fuel costs through refined management of procurement and inventory[44]. - The company aims to increase the proportion of renewable energy projects to mitigate risks associated with electricity pricing policies[44]. Financial Reporting and Compliance - The financial statements are prepared based on the going concern principle, with no significant doubts about the company's ability to continue operations for the next 12 months[142]. - The accounting policies and estimates are aligned with the actual production and operational characteristics of the company, ensuring compliance with relevant accounting standards[143]. - The company follows specific accounting treatments for mergers and acquisitions, distinguishing between same-control and non-same-control transactions[148]. Social Responsibility - The company provided a total of 11.68 thousand RMB in funding for poverty alleviation efforts, helping 10 registered impoverished individuals achieve poverty alleviation[65]. - The company allocated 5.00 thousand RMB specifically for industrial development poverty alleviation projects[65]. - The company has funded 100 impoverished students each year with 5,000 RMB per student, totaling 500,000 RMB annually for educational support[67].

2018 年年度报告 公司代码：600483 公司简称：福能股份 福建福能股份有限公司 2018 年年度报告 1 / 180 2018 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 立信会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 | --- | --- | |-------------------------------------------------------------------------------------------|-------| | | | | 四、 公司负责人董事长林金本、总经理程元怀、主管会计工作负责人许建才及会计机构负责人（会 | | | 计主管人员）周树理声明：保证年度报告中财务报告的真实、准确、完整。 | | | 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 | | 公司第九届董事会第三次会议审议通过了《关于2018年度利润分配的预案》：拟以2018年12 月 ...