Financial Performance - The company's operating revenue for the first half of 2014 was CNY 5,028,758,794.46, a decrease of 1.94% compared to CNY 5,128,506,592.74 in the same period last year[16]. - Net profit attributable to shareholders for the first half of 2014 was CNY 1,444,198,835.38, representing a 23.05% increase from CNY 1,173,679,166.59 in the previous year[16]. - The net cash flow from operating activities decreased by 11.74% to CNY 2,031,567,991.84 from CNY 2,301,762,028.43 in the same period last year[16]. - The basic earnings per share for the first half of 2014 was CNY 0.31, up 10.71% from CNY 0.28 in the same period last year[16]. - The company reported a net profit excluding non-recurring gains and losses of CNY 1,425,226,481.00, a 24.51% increase from CNY 1,144,706,800.40 in the previous year[16]. - In the first half of 2014, the company achieved a net profit of 1.805 billion RMB, representing an 18.51% year-on-year increase, with the net profit attributable to shareholders rising by 23.05% to 1.444 billion RMB[21]. - The total profit for the first half of 2014 was CNY 1,986,821,414.33, an increase of 16.79% from CNY 1,701,058,472.41 in the same period last year[31]. - The company reported a significant increase in investment income from joint ventures, reaching CNY 803,451,550.66, compared to CNY 549,811,229.50 last year[31]. - The company’s total comprehensive income for the first half of 2014 was CNY 1,804,568,535.09, up from CNY 1,522,736,479.88 in the previous year[92]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 33,066,168,755.18, an increase of 7.04% from CNY 30,891,509,417.09 at the end of the previous year[16]. - The company's net assets attributable to shareholders increased by 11.02% to CNY 14,560,747,628.69 from CNY 13,116,548,793.31 at the end of the previous year[16]. - The total liabilities increased to CNY 15.07 billion, up from CNY 14.43 billion, reflecting a growth of about 4.43%[86]. - Shareholders' equity increased to CNY 17.99 billion from CNY 16.46 billion, representing a growth of approximately 9.3%[86]. - The total owner's equity at the end of the reporting period was CNY 15,560,274,668.08, reflecting a growth from CNY 12,137,162,823.24 at the end of the previous year[107]. Investments and Capital Expenditures - The company invested CNY 288,000,000.00 during the reporting period, a decrease of 21.34% compared to the previous year's investment of CNY 366,154,150.00[32][33]. - The company successfully issued the first phase of corporate bonds amounting to 1.5 billion RMB, effectively supplementing working capital and reducing overall financing costs[22]. - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[107]. - The company plans to explore potential mergers and acquisitions to strengthen its market position and diversify its portfolio[181]. Revenue and Costs - The company's operating revenue was 5.029 billion RMB, a decrease of 1.94% year-on-year, while operating costs fell by 5.88% to 3.265 billion RMB, resulting in a gross margin increase of 1.55 percentage points to 34.81%[27]. - Total operating costs decreased to CNY 3,882,422,852.88, down 4.67% from CNY 4,072,327,022.33 year-on-year[31]. Market and Operational Strategy - The company is actively expanding its market presence despite challenges in the electricity market due to economic slowdown and increased competition from renewable energy sources[23]. - The company plans to continue optimizing the fuel structure and economic operation to lower the benchmark coal price in the second half of the year[23]. - The newly commissioned Kangbashi 2x350MW project achieved profitability immediately after production, contributing to the total installed capacity reaching 6,656 MW[21]. Governance and Compliance - The company has established a comprehensive governance structure, ensuring effective checks and balances among decision-making, supervision, and operational powers[30]. - The company has a strong support from major shareholders, which is expected to facilitate further capacity expansion[31]. - The company has not faced any administrative penalties or public reprimands from the China Securities Regulatory Commission during the reporting period[68]. - The company’s governance structure complies with the requirements set forth by the China Securities Regulatory Commission and the Shanghai Stock Exchange[69]. Related Party Transactions - The total revenue from related party transactions amounted to CNY 4,607,765.09, with a significant contribution from the service fees of CNY 3,679,145.94[51]. - The company confirmed that there were no damages to the rights of minority shareholders from necessary related party transactions[52]. - The company reported no significant impact on the independence of the listed company from related party transactions[52]. Taxation and Incentives - The company is actively pursuing tax incentives and subsidies to enhance its financial performance and operational efficiency[173]. - The corporate income tax rate for Inner Mongolia Jingtai Power Co., Ltd is 7.5% during the half-reduction period[172]. - The company has received a tax exemption for the first three years and a 50% reduction for the next two years on 40% of the corporate income tax payable, as recognized by the Ningxia Autonomous Region Investment Promotion Bureau[173]. Cash Flow Management - The total cash and cash equivalents increased to ¥3,379,951,092.26 from ¥2,149,265,027.39, representing a growth of approximately 57.3%[84]. - Cash flow from financing activities generated a net amount of ¥1,268,854,506.35, compared to ¥1,751,695,966.74 in the previous year[100]. - The company’s total interest income from deposits increased significantly during the period, reflecting improved cash management[188]. Shareholder Information - The total number of shareholders at the end of the reporting period is 58,734[73]. - The company’s major shareholders include Beijing Energy Investment (Group) Co., Ltd. with 39,677,422 shares, which will also be unlocked in 2015[77]. - The company plans to extend the lock-up period for 39,677,422 shares held by Beijing Energy Investment (Group) Co., Ltd. for an additional two years, until December 29, 2015[73].

Financial Performance - Net profit attributable to shareholders increased by 16.54% to CNY 617,434,119 compared to the same period last year[10]. - Operating revenue decreased by 4.15% to CNY 2,392,626,183 compared to the same period last year[10]. - The company's net profit for the current period is CNY 742,094,015.18, an increase from CNY 645,795,741.58 in the previous period, representing a growth of approximately 14.9%[33]. - Operating profit reached CNY 790,108,024.07, compared to CNY 721,064,378.41 in the prior period, indicating an increase of about 9.6%[33]. - Investment income for the current period was CNY 361,462,878.51, up from CNY 314,031,460.00, reflecting a growth of approximately 15.1%[33]. - The company's total revenue for the current period is CNY 640,862,775.20, down from CNY 668,709,342.19, showing a decrease of about 4.2%[36]. - Total revenue for the current period was CNY 2,392,626,183.73, a decrease of 4.16% from CNY 2,496,314,941.97 in the previous period[32]. - Total operating costs decreased to CNY 1,963,981,038.17 from CNY 2,089,282,023.56, reflecting a reduction of 6.00%[32]. Assets and Liabilities - Total assets increased by 3.21% to CNY 31,881,744,494 compared to the end of the previous year[10]. - Total current assets reached 5,009,932,912.25, up from 4,267,233,449.29 at the beginning of the year[24]. - Long-term equity investments increased to 6,532,011,111.33 from 6,170,848,232.82, indicating growth in investment holdings[24]. - Fixed assets rose to 17,138,281,381.58 from 16,017,745,601.17, reflecting ongoing capital expenditures[24]. - Non-current assets totaled CNY 26,871,811,581.75, an increase from CNY 26,624,275,967.80, indicating a growth of 0.93%[25]. - Current liabilities decreased to CNY 6,776,969,466.49 from CNY 7,161,145,105.45, a decline of 5.37%[25]. - Total liabilities amounted to CNY 14,633,600,799.63, slightly up from CNY 14,428,506,438.59, showing an increase of 1.42%[26]. - Shareholders' equity increased to CNY 17,248,143,694.37 from CNY 16,463,002,978.50, reflecting a growth of 4.76%[26]. Cash Flow - Net cash flow from operating activities decreased by 1.65% to CNY 1,189,463,115 compared to the same period last year[10]. - The cash flow from operating activities generated a net amount of CNY 1,189,463,115.94, slightly down from CNY 1,209,477,261.45 in the previous period[38]. - The company reported a significant decrease in cash received from financing activities, down 95.85% to 102,000,000.00, due to last year's large-scale asset restructuring financing[19]. - Cash paid for debt repayment increased by 56.25% to 1,796,900,000.00, primarily due to the repayment of maturing loans[19]. - The company reported a cash inflow from financing activities of CNY 1,711,149,488.41, compared to CNY 3,493,113,677.95 in the prior period, indicating a decrease of approximately 51.0%[38]. - The net cash flow from financing activities was $1,456,934,568.19, compared to $1,999,562,633.09 in the previous period, showing a decline of about 27.2%[41]. - The ending balance of cash and cash equivalents was $1,122,883,762.79, down from $2,733,518,719.04, indicating a decrease of approximately 59%[41]. Shareholder Information - The number of shareholders reached 56,359 at the end of the reporting period[13]. - Basic and diluted earnings per share for the current period are both CNY 0.16, down from CNY 0.27 in the previous period[33]. Investment Activities - The company issued CNY 1.5 billion in corporate bonds during the reporting period[14]. - Cash received from investment income rose by 6,749,562.22 to 8,300,000.00, a 435.33% increase, attributed to the recovery of remaining dividends from the acid thorn coal mine[19]. - Cash flow from other investment activities increased by 769.21% to 99,330,321.59, mainly due to prepayments from shareholders for coal mine resources[19]. - Cash paid for the purchase of fixed assets increased by 55.89% to 578,575,072.49, driven by investments in projects like Kangbashi Thermal Power[19]. - The cash outflow for investment activities was $1,689,700,000.00, a substantial rise from $567,130.20, leading to a net cash flow from investment activities of -$1,341,683,616.67[41]. - Cash received from investment income was $98,016,383.33, a notable increase from $6,258,060.66, reflecting a growth of over 1460%[41]. - Cash received from borrowings was $1,491,700,000.00, compared to $150,000,000.00 previously, marking a significant increase of approximately 896%[41].

Financial Performance - In 2013, the company achieved a net profit of CNY 2.196 billion, a 36.01% increase compared to CNY 1.615 billion in 2012[25]. - The total revenue for 2013 was CNY 10.071 billion, a slight decrease of 0.11% from CNY 10.082 billion in 2012[25]. - The company's operating cash flow net amount increased by 21.97% to CNY 3.819 billion from CNY 3.131 billion in the previous year[29]. - The total assets at the end of 2013 were CNY 30.892 billion, an 8.01% increase from CNY 28.602 billion in 2012[25]. - The company reported a net profit of 2.868 billion yuan, with a net profit attributable to shareholders of 2.196 billion yuan, representing a year-on-year increase of 36%[33]. - Total operating revenue reached 10.028 billion yuan, with a slight decrease of 0.17% compared to the previous year[35]. - The cost of main business operations was 6.697 billion yuan, down 9.29% from the previous year, leading to an increase in gross margin to 33.22%[35]. - The company’s weighted average return on equity was 18.94%, a decrease of 0.99 percentage points from 2012[26]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 2.00 per 10 shares, totaling RMB 923,464,190.80 for the year 2013, based on a total share capital of 4,617,320,954 shares as of December 31, 2013[6]. - The company's net profit attributable to shareholders for 2013 was 2,196,372,067.27 RMB, representing a profit distribution ratio of 52.56%[69]. - The company emphasizes cash dividends, planning to distribute at least 10% of the distributable profits annually, barring special circumstances[67]. - In 2013, the company completed a mid-year profit distribution, distributing 1.00 RMB per 10 shares and increasing the share capital by 10%[69]. - The company reported a positive retained earnings balance, with remaining undistributed profits of 213,571,874.34 RMB after the proposed dividend[70]. Shareholder Structure - The controlling shareholder, Beijing Jingneng International Energy Co., Ltd., holds a 62.14% stake in the company as of the end of the reporting period[21]. - The company’s stock is listed on the Shanghai Stock Exchange under the code 600578[16]. - The total number of shareholders at the end of the reporting period was 44,843, compared to 55,070 at the end of the previous trading day[105]. - Major shareholders include Beijing Jingneng International Energy Co., Ltd. with 548,835,464 shares and Shanxi International Power Group Co., Ltd. with 280,346,128 shares, highlighting strong institutional support[106]. Risk Management - The company will continue to face risks related to electricity market demand, coal supply, environmental policy changes, and safety production management in 2014[12]. - The company has taken effective measures to mitigate risks that may impact its future development strategy and operational goals[12]. - The company faces risks related to fuel price stability and environmental policy changes, which may impact operational costs and compliance[63]. - The company will adjust coal procurement strategies to maintain economic operation and reduce the average coal price[64]. Operational Efficiency - The average utilization hours of the company's units reached 5,662 hours, exceeding the national average for thermal power generation[28]. - The company successfully reduced its coal consumption and improved its power generation efficiency through technical upgrades[28]. - The controllable installed capacity of the company reached 5.89 million kW, with an annual power generation of 33.239 billion kWh[38]. - The company plans to continue expanding its market presence and enhance its operational efficiency through strategic asset restructuring[34]. Corporate Governance - The company has established a strong governance structure, enhancing operational efficiency and investor confidence[39]. - The company has made substantial progress in project development, including the establishment of the Hebei Zhuozhou thermal power project with a capacity of 2×350MW[40]. - The company has implemented a modern management system, focusing on talent development and risk management to enhance overall profitability[40]. - The company’s board restructuring reflects its commitment to governance and effective management practices[123]. Related Party Transactions - The company engaged in various related party transactions, with a total expected transaction amount of 40 million RMB for the year 2013[74]. - The total amount of related party transactions for the company reached CNY 20,084,743.09, with a significant portion being cash transactions[76]. - The company has established a joint venture with its actual controller, Jingneng Group, for the construction and operation of a coal-fired cogeneration unit[78]. - The company’s related party transactions do not impact its independence[76]. Future Outlook - The expected electricity consumption growth for 2014 is projected at approximately 7.0%, with a total of 9600 MW of new power generation capacity anticipated[57]. - The company aims to maintain stable profitability in 2014, with coal prices expected to remain low and not exceed last year's levels[60]. - The company plans to invest approximately 711 million RMB in capital expenditures for ongoing projects, including the Inner Mongolia Kangbashi Thermal Power Plant and others[62]. - The company is focused on the production and sale of electricity and heat products, as well as power equipment operation and maintenance[198].