2019 年半年度报告 2019 年半年度报告 重要提示 公司代码：600642 公司简称：申能股份 无 申能股份有限公司 2019 年半年度报告 六、 前瞻性陈述的风险声明 1 / 173 □适用 √不适用 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 重大风险提示 无 十、 其他 □适用 √不适用 2 / 173 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半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、 本半年度报告未经审计。 四、 公司负责人须伟泉、主管会计工作负责人谢峰及会计机构负责人（会计主管人员）潘步恩声 明：保证半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 | 第一节 | 释义 4 | | --- | --- | | 第二节 | 公司简介和主要财务指标 5 | | 第三节 | 公司业务概要 7 | | 第四节 | 经营情况的讨论与分析 9 | | 第五节 | ...

Financial Performance - The company's operating revenue for 2018 was CNY 36,221,254,583.28, an increase of 11.78% compared to CNY 32,404,021,552.37 in 2017[16] - The net profit attributable to shareholders of the listed company was CNY 1,825,934,190.10, reflecting a growth of 5.08% from CNY 1,737,638,978.89 in the previous year[16] - The net profit after deducting non-recurring gains and losses was CNY 1,484,673,306.28, which is a 19.40% increase from CNY 1,243,484,131.10 in 2017[16] - The net cash flow from operating activities reached CNY 2,767,981,053.91, up 13.68% from CNY 2,434,807,577.74 in the prior year[16] - Basic earnings per share for 2018 was CNY 0.401, a 5.08% increase compared to CNY 0.382 in 2017[17] - The weighted average return on equity increased to 7.08% in 2018, up by 0.26 percentage points from 6.82% in 2017[17] - Total operating revenue for Q4 2018 was CNY 9,196,160,758.14, with a net profit attributable to shareholders of CNY 574,911,888.44[19] - The company reported a net cash flow from operating activities of CNY 1,784,518,036.30 in Q3 2018, indicating strong operational cash generation[19] Assets and Liabilities - As of the end of 2018, the total assets amounted to CNY 59,662,307,412.87, a 10.39% increase from CNY 54,047,180,498.36 at the end of 2017[16] - The net assets attributable to shareholders of the listed company were CNY 25,953,166,153.61, showing a 1.94% increase from CNY 25,459,970,185.70 in 2017[16] - The total liabilities increased to CNY 25,382,310,378.77 from CNY 20,611,425,086.49, reflecting a rise of about 23.5%[179] - Long-term borrowings surged to CNY 11,200,725,014.24 from CNY 6,960,143,898.80, an increase of approximately 60.4%[179] Dividends and Profit Distribution - The company plans to distribute a cash dividend of CNY 2.00 per 10 shares, totaling approximately CNY 910,407,663.20[4] - The company maintained a dividend payout ratio of 49.86% for 2018, compared to 52.39% in 2017 and 40.69% in 2016[82] - The remaining undistributed profit at the end of 2018 is CNY 1,510,079,631.22, which will be carried forward to the next fiscal year[81] - The proposed dividend for 2018 is CNY 2.00 per 10 shares, based on a total share capital of 4,552,038,316 shares[81] Research and Development - Research and development expenses decreased significantly by 46.75% to CNY 25,361,507.81 from CNY 47,623,601.28 in the prior year[39] - The company's total R&D investment accounted for 0.07% of operating revenue, with 51 R&D personnel, making up 2.00% of the total workforce[46] Environmental and Energy Initiatives - The company is actively expanding its clean energy investments, with a focus on wind and solar power, increasing the proportion of clean energy capacity[24] - The company’s coal-fired power generation projects are among the most efficient in the country, with significant advancements in energy consumption metrics[23] - The average desulfurization efficiency of coal-fired power generation enterprises reached over 98%, and the denitrification efficiency exceeded 90%[36] - The company achieved an average dust emission concentration of 2.56 mg/m³, sulfur dioxide at 11.29 mg/m³, and nitrogen oxides at 20.58 mg/m³ across its power plants in 2018[123] Market Expansion and Strategy - The company plans to enhance its market presence in regions outside Shanghai, including Anhui, Ningxia, Qinghai, Xinjiang, and Inner Mongolia, in line with the "Belt and Road" initiative[23] - The company is exploring potential mergers and acquisitions to enhance its market position and operational efficiency[140] - The company aims to enhance operational management and reduce costs to improve profitability, focusing on market expansion and performance effectiveness[71] Shareholder Structure - The total number of ordinary shareholders reached 156,068 by the end of the reporting period, an increase from 150,594 at the end of the previous month[130] - The largest shareholder, Sheneng (Group) Co., Ltd., holds 2,266,545,766 shares, representing 49.79% of the total shares[131] - The top ten shareholders include five state-owned entities, indicating a strong state presence in the ownership structure[132] Compliance and Governance - The company’s financial report for 2018 has been audited and is in compliance with the relevant regulations[81] - The company emphasizes transparency and accountability in its financial reporting and governance practices[140] - The internal control system was evaluated and reported, with no significant deficiencies noted during the reporting period[167] Operational Performance - The company completed an equity generation of 35.71 billion kWh, a 4% increase year-on-year, and controlled generation of 36.42 billion kWh, up 2.4%[38] - The company’s total power generation for 2018 was 2,826,474.41 million kWh, representing a year-on-year growth of 3.60%[53] - The company’s coal consumption per unit of power generated was 288.6 grams/kWh, a decrease of 3.2 grams/kWh year-on-year[36] Financial Adjustments and Audit - The company adjusted its financial statements according to the Ministry of Finance's notification, impacting the combined receivables and payables, with total receivables adjusted to CNY 2,460,418,998.61 as of December 31, 2017[92] - The audit procedures included evaluating the internal controls related to impairment assessments and the appropriateness of the methods used for impairment evaluation according to accounting standards[172] Employee and Management Structure - The total number of employees in the parent company and major subsidiaries was 2,555, with 1,144 production staff and 728 technical staff[149][150] - The company employs a salary point system to ensure internal equity and competitiveness in attracting talent[152] - The total remuneration for all directors, supervisors, and senior management was 8.0002 million yuan[146]

Financial Performance - Operating revenue for the first nine months reached CNY 27,025,093,825.14, a year-on-year increase of 14.17%[7] - Net profit attributable to shareholders decreased by 14.84% to CNY 1,251,022,301.66 compared to the same period last year[7] - The net profit for the first nine months was ¥1,808,654,837.83, compared to ¥2,140,223,040.14 in the previous year, reflecting a decrease of approximately 15.5%[23] - The net profit for Q3 2018 was approximately ¥457.54 million, a decrease from ¥614.54 million in Q3 2017, representing a decline of about 25.5%[24] - The total profit for the first nine months of 2018 was approximately ¥1.24 billion, a decrease from ¥1.72 billion in the same period of 2017, representing a decline of about 28.5%[26] - The net profit for the first nine months of 2018 was approximately ¥1.22 billion, compared to ¥1.60 billion in the same period of 2017, reflecting a decline of about 23.6%[26] Assets and Liabilities - Total assets increased by 5.45% to CNY 56,994,546,112.08 compared to the end of the previous year[7] - Total liabilities increased to ¥23,354,508,166.60, compared to ¥20,611,425,086.49 at the beginning of the year[18] - Current assets increased to ¥5,189,532,609.33 from ¥4,141,198,405.38, marking a growth of about 25.4%[20] - Non-current assets totaled ¥21,073,304,688.88, up from ¥20,690,727,125.59, which is an increase of approximately 1.9%[20] - Total liabilities rose to ¥2,721,613,593.60 from ¥1,381,071,802.46, showing a significant increase of about 96.4%[21] Cash Flow - Net cash flow from operating activities increased by 43.75% to CNY 2,797,461,203.38 for the first nine months[7] - Cash inflow from operating activities totaled ¥30,382,861,045.17, compared to ¥27,525,005,537.54 in the previous year, indicating an increase of about 10.1%[30] - The net cash flow from investing activities was -¥3,039,345,622.06, worsening from -¥619,930,962.50, reflecting a significant increase in cash outflows for investments[30] - Cash inflow from financing activities amounted to ¥9,745,243,034.05, compared to ¥8,533,464,362.86, marking an increase of approximately 14.3%[30] - The net cash flow from financing activities improved to ¥1,936,138,008.11, compared to -¥369,768,008.85 in the previous year, showing a positive turnaround[30] Shareholder Information - The number of shareholders reached 158,020 at the end of the reporting period[9] - The largest shareholder, Sheneng Group Co., Ltd., holds 49.79% of the shares[10] Investment and Expenses - Investment income decreased by 35.47% to ¥808,796,568.75, compared to ¥1,253,347,201.77 in the previous year, largely due to the sale of part of Haitong Securities last year[12] - Cash paid for the purchase of fixed assets and intangible assets increased by 86.61% to ¥3,207,424,746.16, reflecting increased infrastructure investment[12] - Research and development expenses for the period were ¥3,118,754.57, indicating ongoing investment in innovation[23] - Financial expenses increased by 31.26% to ¥318,890,266.96, mainly due to increased financial costs from infrastructure projects[12] Other Comprehensive Income - The other comprehensive income after tax for Q3 2018 was approximately ¥88.72 million, compared to a loss of ¥225.55 million in Q3 2017, indicating a significant recovery[27]

Financial Performance - The company's operating revenue for the first half of 2018 was approximately RMB 17.99 billion, representing a 16.38% increase compared to RMB 15.46 billion in the same period last year[18]. - The net profit attributable to shareholders of the listed company was approximately RMB 913.17 million, a decrease of 5.65% from RMB 967.86 million in the previous year[18]. - The net cash flow from operating activities was approximately RMB 1.01 billion, down 31.33% from RMB 1.48 billion in the same period last year[18]. - The total assets at the end of the reporting period were approximately RMB 57.09 billion, an increase of 5.62% compared to RMB 54.05 billion at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company were approximately RMB 25.15 billion, a decrease of 1.21% from RMB 25.46 billion at the end of the previous year[18]. - The basic earnings per share for the first half of 2018 were RMB 0.201, down 5.65% from RMB 0.213 in the same period last year[19]. - The company achieved a revenue of 17.99 billion yuan, reflecting a year-on-year growth of 16.4%[36]. - The company’s net profit for the first half of 2018 was 913 million yuan, resulting in an earnings per share of 0.201 yuan[36]. - The company reported a total of RMB 22.23 million in non-recurring gains and losses for the reporting period[21]. - The company achieved a gross profit margin of 5.99% for its main business, a decrease of 0.82 percentage points compared to the previous year[49]. Operational Activities - The company is actively exploring overseas business opportunities in line with the national "Belt and Road" development strategy[24]. - The company is involved in the development and management of electricity, oil, and natural gas projects, with ongoing projects in regions such as Anhui, Ningxia, Qinghai, and Xinjiang[24]. - The company is committed to providing various services including energy conservation and environmental protection technology, as well as fuel trading[24]. - The company's coal-fired power generation remains the largest segment, with advanced high-capacity units leading to lower coal consumption compared to the national average[25]. - In the first half of 2018, the company's electricity generation increased by 11.2% year-on-year, with total generation reaching 187 billion kWh[36]. - The company is actively investing in clean energy, with a significant increase in the proportion of clean energy installations[25]. - The company is developing the "Pingshan Phase II" project, a 1,350 MW unit expected to set new benchmarks in coal-fired power generation efficiency[31]. - The company is focusing on technological innovation, with significant investments in R&D to enhance energy efficiency and reduce emissions[32]. - The company is actively exploring new energy technologies such as microgrids and energy storage systems[39]. Financial Position - The total current assets increased to CNY 14,223,522,366.99 from CNY 11,906,455,342.28, representing a growth of approximately 19.5%[105]. - The total non-current assets rose to CNY 42,861,629,372.17 from CNY 42,140,725,156.08, indicating an increase of about 1.7%[106]. - The total assets amounted to CNY 57,085,151,739.16, up from CNY 54,047,180,498.36, reflecting a growth of approximately 5.7%[106]. - The total current liabilities increased to CNY 12,919,621,126.02 from CNY 12,232,715,179.53, which is an increase of about 5.6%[106]. - The cash and cash equivalents rose to CNY 7,974,082,364.72 from CNY 6,700,873,346.76, marking an increase of approximately 19.0%[105]. - Accounts receivable increased to CNY 3,235,378,425.86 from CNY 2,317,187,328.61, showing a growth of about 39.5%[105]. - The company’s long-term borrowings increased by 36.24% to CNY 9.48 billion from CNY 6.96 billion, primarily due to an increase in bank loans from subsidiaries[53]. - The company’s payable dividends reached CNY 910.41 million, reflecting a 100% increase, indicating a rise in dividend obligations[53]. - The company’s total equity amounted to CNY 33,232,176,570.84, slightly down from CNY 33,435,755,411.87, reflecting a decrease of about 0.6%[107]. Environmental and Safety Measures - The company’s safety production measures have been effective, with no major accidents reported in the first half of 2018[37]. - The average concentration of particulate matter emissions from the company's power plants was 2.57 mg/m³, sulfur dioxide at 10.94 mg/m³, and nitrogen oxides at 21.11 mg/m³ in the first half of 2018[85]. - The company reduced sulfur dioxide emissions by approximately 73,000 tons and nitrogen oxides by about 12,000 tons in the first half of 2018[85]. - The average desulfurization efficiency of coal-fired power plants exceeded 98%, while the denitrification efficiency was over 87%[85]. - All pollutant emissions from the company's power generation units were below national emission standards, achieving ultra-low emissions[86]. - The company has established emergency response plans for environmental pollution incidents and conducts regular drills to ensure effective response[88]. Shareholder and Corporate Governance - The total number of ordinary shareholders reached 161,099 by the end of the reporting period[94]. - The largest shareholder, Sheneng Group Co., Ltd., held 2,266,545,766 shares, accounting for 49.79% of the total shares[95]. - The company appointed new board members, including Miao Qixin and Yao Minfang, during the reporting period[99]. - The company reported no changes in the controlling shareholder or actual controller during the period[97]. - There were no matters related to preferred shares during the reporting period[99]. Market and Strategic Outlook - The company is actively conducting market research and enhancing its response mechanisms to adapt to electricity market reforms and improve market share[64]. - The company plans to continue expanding its market presence and investing in new technologies, although specific figures were not disclosed in the report[112]. - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by the end of 2019[165]. - A strategic acquisition of a fintech startup was completed, enhancing the company's capabilities in digital payments and expected to contribute an additional $50 million in revenue annually[165]. - The company has implemented a new strategy focusing on enhancing customer engagement through personalized financial services, projected to increase customer retention by 15%[165].

Financial Performance - The company's operating revenue for 2017 was approximately ¥32.40 billion, representing a 16.73% increase compared to ¥27.76 billion in 2016[20]. - The net profit attributable to shareholders for 2017 was approximately ¥1.74 billion, a decrease of 29.39% from ¥2.46 billion in 2016[20]. - The net cash flow from operating activities was approximately ¥2.43 billion, down 31.55% from ¥3.56 billion in 2016[20]. - Basic earnings per share for 2017 were ¥0.382, down 29.39% from ¥0.541 in 2016[21]. - The weighted average return on equity for 2017 was 6.82%, a decrease of 3.27 percentage points from 10.09% in 2016[21]. - Total revenue for the year reached ¥32.29 billion, an increase of 7.23% compared to the previous year[52]. - The gross profit margin decreased by 3.40 percentage points, with the current margin at 16.56%[52]. - The company's net profit after deducting non-recurring gains and losses was 3.806 billion RMB in Q1 2017[23]. - The company reported a net profit of 1,725.69 million RMB for 2017, with a proposed cash dividend of 2.00 RMB per 10 shares, totaling an expected distribution of 910.41 million RMB[85]. - The company’s cash dividend payout ratio for 2017 was 52.39% of the net profit attributable to shareholders[87]. Assets and Liabilities - The total assets at the end of 2017 were approximately ¥54.05 billion, a slight increase of 0.69% from ¥53.68 billion in 2016[20]. - The net assets attributable to shareholders at the end of 2017 were approximately ¥25.46 billion, an increase of 0.56% from ¥25.32 billion in 2016[20]. - Total current assets as of December 31, 2017, amounted to CNY 11,906,455,342.28, an increase from CNY 11,698,044,646.00 at the beginning of the year, reflecting a growth of approximately 1.78%[177]. - The company's total liabilities as of December 31, 2017, were CNY 20,611,425,086.49, a slight decrease from CNY 20,817,003,183.52, indicating a reduction of about 1.0%[179]. - The company's total equity increased to CNY 33,435,755,411.87 from CNY 32,858,094,198.99, representing a growth of approximately 1.75%[179]. Operational Highlights - The company completed an equity power generation of 34.332 billion kWh, exceeding the annual plan by 14.3% and increasing by 15.6% year-on-year[38]. - The company’s oil production was 68,300 tons, achieving 107% of the annual plan[38]. - The company achieved a local power generation market share of 31% and a double-digit growth in both equity and controlled power generation[39]. - The company completed the ultra-low emission transformation of all coal-fired units, significantly reducing SO2 emissions by approximately 114,000 tons and NOx emissions by 26,000 tons[44]. - The company’s controllable power generation was 35.568 billion kWh, exceeding the annual plan by 15.6% and increasing by 19.7% year-on-year[38]. Investment and Capital Expenditure - The company's capital expenditure for major projects totaled CNY 670,780,000, with a cumulative actual investment of CNY 1,184,980,000[65]. - The company reported a total investment of CNY 67,175,940 in the parent company's projects during the reporting period[67]. - The company’s investment in equity projects decreased by CNY 368,990,600, representing a decline of 35.45% compared to the previous year[67]. Market and Strategic Initiatives - The company is actively expanding into new energy projects, including offshore wind and solar energy, and has established a new subsidiary for renewable energy investments[42]. - The company plans to increase its renewable energy project development, targeting a significant scale of new installed capacity, particularly in wind and solar projects[80]. - The company aims to enhance its operational efficiency and profitability through refined management and strategic market engagement[77]. - The company plans to enhance its financial asset management capabilities to support long-term operational growth and reduce capital costs[81]. Environmental and Social Responsibility - The average emission concentrations for smoke, sulfur dioxide, and nitrogen oxides were 3 mg/m³, 13 mg/m³, and 15 mg/m³ respectively, all significantly below national standards[121]. - The company achieved a total reduction of approximately 114,000 tons of sulfur dioxide and 26,000 tons of nitrogen oxides throughout the year[121]. - The company allocated 200,000 RMB annually for poverty alleviation efforts, focusing on three specific villages[115]. - A total of 3 projects were funded under the poverty alleviation program, with an investment of 200,000 RMB[118]. Governance and Management - The company has a structured approach to governance, with a clear delineation of roles among board members and management[143]. - The company has appointed independent directors with extensive experience in finance and management, including professors from Shanghai University of Finance and Economics and Fudan University[144]. - The total remuneration for all directors, supervisors, and senior management was 758.24 million yuan[145]. - The company has a robust internal control and audit system, ensuring compliance and financial integrity[142]. Related Party Transactions - The total amount of related party transactions between the natural gas pipeline company and the gas group during the reporting period was RMB 16.399 billion, accounting for 95.77% of similar transactions[92][93]. - The total amount of related party transactions with the financial company during the reporting period was RMB 7.806 billion[100]. - The company's independent operations are not affected by the related party transactions, which are based on the natural gas industry chain relationships[94][98].

2018 年第一季度报告 公司代码：600642 公司简称：申能股份 申能股份有限公司 2018 年第一季度报告 1 / 14 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 7 | 2018 年第一季度报告 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 未出席董事情况 | 未出席董事姓名 | 未出席董事职务 | 未出席原因的说明 | 被委托人姓名 | | --- | --- | --- | --- | | 朱宗尧 | 董事 | 工作原因 | 吴建雄 | 1.3 公司负责人吴建雄、主管会计工作负责人谢峰 及会计机构负责人（会计主管人员）潘步恩保 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 | | 本报告期末 | 上年度末 | 本报告期末比上年 | | | --- | --- ...

2017 年第三季度报告 公司代码：600642 公司简称：申能股份 申能股份有限公司 2017 年第三季度报告 1 / 18 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 8 | 2017 年第三季度报告 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 公司负责人吴建雄、主管会计工作负责人谢峰及会计机构负责人（会计主管人员）潘步恩保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比 上年度末增减 | | --- | --- | --- | --- | | | | | (%) | | 总资产 | 54,568,548,223.6 ...