Financial Performance - The company's operating revenue for 2021 was approximately ¥12.08 billion, representing a 26.37% increase compared to ¥9.56 billion in 2020[18]. - The net profit attributable to shareholders for 2021 was approximately ¥1.27 billion, a decrease of 15.18% from ¥1.50 billion in 2020[18]. - The net cash flow from operating activities for 2021 was approximately ¥2.31 billion, showing a slight increase of 2.25% compared to ¥2.26 billion in 2020[18]. - The total assets at the end of 2021 were approximately ¥43.98 billion, reflecting a 26.35% increase from ¥34.81 billion at the end of 2020[18]. - The basic earnings per share for 2021 was ¥0.68, down 24.44% from ¥0.90 in 2020[19]. - The weighted average return on equity for 2021 was 7.64%, a decrease of 3 percentage points from 10.64% in 2020[19]. - The total operating revenue for the year was 12.077 billion yuan, an increase of 2.520 billion yuan year-on-year, with a net profit attributable to shareholders of 1.268 billion yuan[25]. - The company's operating revenue for 2021 was 12.077 billion yuan, representing a year-on-year increase of 26.37%, while the total profit decreased by 10.30% to 1.672 billion yuan[31][32]. Dividend Distribution - The company plans to distribute a cash dividend of 2.10 RMB per 10 shares to all shareholders based on the total share capital on the dividend record date, with the total cash dividend amount to be determined accordingly[4]. - The company's total share capital will determine the final actual cash dividend amount[4]. - The company distributed cash dividends of ¥504,604,120.77, with a payout of ¥2.70 per 10 shares based on a total share capital of 1,868,904,151 shares[107]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Accounting Firm, ensuring the authenticity and completeness of the financial report[3]. - The company adheres to the governance requirements set by the Company Law and Securities Law, ensuring no significant discrepancies with regulatory standards[74]. - The company has maintained compliance with governance regulations, with no significant discrepancies identified during self-inspection[114]. - The company has not faced any penalties from securities regulatory agencies in the past three years[90]. - The company has not reported any non-compliance issues or penalties involving its directors, supervisors, or senior management during the reporting period[148]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements made in the report[5]. - The company has detailed potential risk factors in the "Management Discussion and Analysis" section of the report[7]. - The company faces risks related to fluctuations in coal prices and electricity pricing policies, which may impact operational performance[72]. - The company plans to increase the proportion of renewable energy projects to mitigate risks associated with traditional energy sources[72]. Environmental Responsibility - The company achieved a SO2 emission concentration of 17.63 mg/m³, which is below the standard value of 35 mg/m³, with a total emission of 592.81 tons in 2021[117]. - NOx emissions were recorded at 32.22 mg/m³, significantly lower than the standard of 50 mg/m³, with a total of 1,077.40 tons emitted[117]. - The company has implemented zero wastewater discharge, effectively treating and reusing all types of wastewater[119]. - The company has completed ultra-low emission renovations, ensuring that exhaust gases meet ultra-low emission standards[118]. - The company focuses on renewable clean energy, with no pollutant emissions from its wind power operations[125]. Research and Development - The company received 3 invention patents and 27 utility model patents in 2021, along with 1 software copyright, and won 9 awards for scientific and technological achievements[25]. - The company’s research and development expenses increased by 230.78% to 70.57 million yuan in 2021[32]. - Research and development expenses rose to 7,057.44 million RMB, a 230.78% increase compared to the previous year, reflecting increased investment in subsidiaries[45]. - The company employed 312 R&D personnel, representing 10.4% of the total workforce, with a majority holding bachelor's degrees[47]. Market Position and Strategy - The company plans to expand its clean energy projects, including wind, nuclear, and solar power, to enhance its market position[30]. - The company aims to explore integrated energy systems combining generation, distribution, and storage as part of its future development strategy[30]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[82]. - The company aims to achieve a power generation target of 21.3 billion kWh and a revenue target of 12.8 billion yuan in 2022[71]. Financial Health - The company maintains a credit rating of "AA+" with a stable outlook, indicating good financial health and sufficient funds to repay bond principal and interest[185]. - The company has not faced any delisting risks or bankruptcy restructuring matters during the reporting period, reflecting a sound financial position[147][148]. - The company has not reported any significant accounting errors or changes in accounting policies that would impact its financial statements[146]. Governance and Management - The company has a clear plan for future governance and operational independence, with ongoing monitoring of compliance with commitments made by the controlling shareholder[75]. - The total pre-tax remuneration for the general manager during the reporting period was 78.76 million yuan, while the deputy chairman received 67.18 million yuan[79]. - The company has maintained a consistent governance structure with no significant changes in the board of directors and management personnel during the reporting period[78]. - The company appointed new board members and management in October 2021, including Zhou Zhaobao as Chairman and Ye Daozheng as General Manager[89]. Shareholder Information - The largest shareholder, Fujian Energy Group, holds 1,178,404,567 shares, representing 60.29% of total shares[171]. - The proportion of shares held by the controlling shareholder, Energy Group, decreased from 66.94% to 60.29% during the reporting period[169]. - The total number of ordinary shareholders decreased from 38,000 to 30,747 by the end of the reporting period[170].

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥5,782,890,237.34, representing a 58.05% increase compared to ¥3,658,943,629.56 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥949,223,209.39, a significant increase of 149.06% from ¥381,129,571.58 in the previous year[17]. - The net cash flow from operating activities was ¥1,587,781,495.28, which is a 123.18% increase compared to ¥711,434,158.38 in the same period last year[17]. - Basic earnings per share for the first half of 2021 were ¥0.54, an increase of 116.00% compared to ¥0.25 in the same period last year[19]. - The diluted earnings per share rose to ¥0.49, reflecting a 113.04% increase from ¥0.23 in the previous year[19]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching ¥945,417,233.15, which is a 156.25% increase from ¥368,949,471.95 in the previous year[17]. - The total comprehensive income for the first half of 2021 was ¥1,116,497,315.66, compared to ¥341,124,279.26 in the same period of 2020, reflecting a growth of 227.5%[120]. Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥39,824,571,381.63, up 14.40% from ¥34,813,209,635.22 at the end of the previous year[18]. - The total liabilities increased to ¥5,455,886,678.79 in the first half of 2021, up from ¥4,520,355,296.24 in the same period of 2020, reflecting a growth of 20.7%[116]. - The company's total liabilities decreased by 3.97% to CNY 119,654.58 million compared to the previous period[32]. - Long-term borrowings increased by 58.66% to CNY 1,149,749.54 million, primarily due to new loans for offshore wind power projects[32]. - The company's total liabilities reached CNY 19.47 billion, up from CNY 16.20 billion, marking an increase of approximately 14.0%[112]. Investments and Projects - The installed capacity of the company reached 5.31 million kilowatts, with wind power capacity at 1.123 million kilowatts and natural gas power capacity at 1.528 million kilowatts[23]. - The company plans to continue expanding its wind power projects, contributing to the increase in installed capacity[25]. - The total investment in the Haixia Power Generation project was CNY 13,790 million, representing 35% of the company's equity in the investment[34]. - The cumulative investment in the Changle Offshore Wind Farm C Zone reached CNY 1,043,778 million, currently under construction[35]. Research and Development - Research and development expenses surged by 428.43% to 10.82 million yuan, reflecting increased investment in subsidiaries[27]. - The company has implemented measures to optimize energy structure and reduce carbon emissions through the development of new clean energy projects[55]. Environmental and Social Responsibility - The company has implemented pollution control measures, including low-emission upgrades to meet stringent environmental standards[47]. - The company aims to maintain zero wastewater discharge through effective recycling and treatment processes[46]. - The company has allocated 113.67 thousand yuan for social responsibility initiatives, including poverty alleviation and community support projects[57]. - The company has established emergency response plans for environmental incidents, ensuring preparedness across all units[51]. Shareholder and Corporate Governance - The company has established a dividend return plan for 2021-2023, approved at the annual general meeting held on June 28, 2021[68]. - The largest shareholder, Fujian Energy Group, holds 63.06% of the shares[91]. - 福能集团承诺在重大资产重组完成后，尊重公司及其子公司的经营自主权，不干预日常商业运作[61]. - The company has no significant litigation or arbitration matters during the reporting period[70]. Financial Management and Compliance - The company has committed to using the raised funds strictly for approved purposes as per the regulations of the China Securities Regulatory Commission[66]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[69]. - The company has a commitment to comply with the regulations set forth by the China Securities Regulatory Commission and the Shanghai Stock Exchange regarding share transfer restrictions[66]. Accounting and Financial Reporting - The financial statements are prepared based on the assumption of going concern, with no significant doubts about the company's ability to continue operations[151]. - The company adheres to the accounting standards for enterprises, ensuring that the financial statements accurately reflect its financial position as of June 30, 2021[153]. - The company applies the equity method for investments in joint ventures, recognizing its share of income and expenses accordingly[166].

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]