上海市锦天城律师事务所 关于申能股份有限公司 A 股限制性股票激励计划调整回购价格 及回购注销部分限制性股票相关事项的 法律意见书 二〇二三年 八月 地址：上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于申能股份有限公司 A 股限制性股票激励计划 调整回购价格及回购注销部分限制性股票相关事项的 法律意见书 致：申能股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受申能股份有限公司（以 下简称"公司"或"申能股份"）的委托，就申能股份有限公司 A 股限制性股 票激励计划（以下简称"本次股权激励计划"）相关事宜担任专项法律顾问，并 就本次股权激励计划调整回购价格（以下简称"本次回购价格调整"）及回购注 销部分限制性股票（以下简称"本次回购注销"）相关事项出具法律意见书。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中 华人民共和国证券法》（以下简称"《证券法》"）、中国证券监督管理委员会 （以下简称"中国证监会"）、 ...

申能股份有限公司（以下简称"公司"）已于 2023 年 4 月 28 日发 布公司 2022 年度报告、2023 年第一季度报告，为便于广大投资者更 全面深入地了解公司经营成果、财务状况，公司计划于 2023 年 06 月 28 日下午 15:00-16:00 举行 2022 年度暨 2023 年第一季度业绩说明会， 就投资者关心的问题进行交流。 一、 说明会类型 证券代码：600642 证券简称：申能股份 公告编号：2023-017 申能股份有限公司关于召开 2022 年度 暨 2023 年第一季度业绩说明会的公告 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法律责任。 重要内容提示： https://roadshow.sseinfo.com/） 本次投资者说明会以网络互动形式召开，公司将主要针对年度经 营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息 会议召开时间：2023 年 06 月 28 日(星期三) 下午 15:00-16:00 会议召开地点：上海证券交易所上证路演中心（网址： 会议召开方式：上证路演中心网络互 ...

Financial Performance - The company's operating revenue for 2022 was CNY 28,193,118,547.05, representing a year-on-year increase of 9.26% compared to CNY 25,803,788,094.68 in 2021[17]. - The net profit attributable to shareholders for 2022 was CNY 1,082,465,422.75, a decrease of 29.53% from CNY 1,536,131,938.52 in 2021[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 830,424,491.15, showing a significant increase of 578.53% compared to CNY 122,385,970.66 in 2021[17]. - The net cash flow from operating activities for 2022 was CNY 4,792,035,009.32, an increase of 49.77% from CNY 3,199,702,417.80 in 2021[17]. - Basic earnings per share decreased by 29.39% to CNY 0.221 in 2022 compared to CNY 0.313 in 2021[18]. - Diluted earnings per share also fell by 29.07% to CNY 0.222 in 2022 from CNY 0.313 in 2021[18]. - The weighted average return on equity decreased by 1.48 percentage points to 3.53% in 2022 from 5.01% in 2021[18]. - The total revenue for the year was CNY 440.32 billion, an increase of 20.56% compared to the previous year[58]. - The total electricity generation was 4,403,181.86 MWh, with a year-on-year growth of 20.56%[58]. Assets and Liabilities - The total assets at the end of 2022 were CNY 89,899,667,652.03, reflecting a slight increase of 0.41% from CNY 89,530,551,047.96 at the end of 2021[17]. - The net assets attributable to shareholders at the end of 2022 were CNY 30,859,430,043.43, a marginal increase of 0.40% from CNY 30,735,922,291.95 at the end of 2021[17]. - The total share capital at the end of 2022 was 4,909,428,286 shares, a decrease of 0.05% from 4,912,038,316 shares at the end of 2021[17]. - The total cost of electricity generation was CNY 204.89 billion, with a year-on-year increase of 35.74%[58]. - The total operating costs amounted to ¥24,728,252,825.78, with a year-on-year increase of 7.50%[43]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 1.60 per 10 shares, totaling CNY 785,508,525.76 based on the total share capital as of December 31, 2022[4]. - The company plans to distribute a cash dividend of 1.60 RMB per 10 shares, totaling 785,508,525.76 RMB (including tax), which represents 72.57% of the net profit attributable to ordinary shareholders in the consolidated financial statements[116][118]. - As of December 31, 2022, the total distributable profit available for shareholders is 2,790,553,899.27 RMB after accounting for the profit distribution and cash dividends from the previous year[116]. Operational Highlights - The company has maintained a standard unqualified audit report for the financial statements for the year[3]. - The company received government subsidies amounting to CNY 132,006,966.92 in 2022, up from CNY 84,636,374.65 in 2021[22]. - The company launched new offshore wind power projects, expanding its scale in wind and solar energy sectors[30]. - The company achieved a significant increase in photovoltaic power generation, with a year-on-year growth of 121.38%[58]. - The company has established a safety management standardization system to enhance operational safety and reliability[79]. Investments and R&D - The total R&D investment for the period was CNY 18,338,426.48, accounting for 0.07% of operating revenue[48]. - The number of R&D personnel is 50, representing 2.30% of the total workforce[49]. - The company has implemented a performance-based salary distribution system to enhance employee motivation and retention[112]. - The company has established a training plan to enhance employee skills and support talent development[113]. Environmental and Social Responsibility - The company invested 85,638,000 RMB in environmental protection during the reporting period, indicating a commitment to environmental responsibility[127]. - Carbon emission intensity decreased by 3.4% compared to the previous year, reflecting the company's commitment to reducing carbon footprint[135]. - All power plants have achieved ultra-low emissions, with average concentrations of smoke, sulfur dioxide, and nitrogen oxides below national standards[129]. - The company has reported zero administrative penalties for environmental issues during the reporting period[133]. Governance and Compliance - The company has a strong governance structure with independent directors holding significant roles, ensuring oversight and accountability[93]. - The company has emphasized the importance of internal control and compliance in its operations[98]. - The company has not reported any significant deficiencies in its internal control system during the reporting period[123]. - The company has a clear governance structure with a mix of independent and non-independent directors[101]. Related Party Transactions - The company reported a related party transaction amount of RMB 1.46 billion with Shanghai Gas Co., Ltd. for pipeline transportation services during the reporting period[148]. - The company recorded a related party transaction amount of RMB 296 million with Shanghai Gas Co., Ltd. for the sale of natural gas during the reporting period[150]. - The company reported a related party transaction amount of RMB 2.91 billion with Shanghai Gas Co., Ltd. for purchasing natural gas during the reporting period[151]. Future Outlook - Future expansion plans include increasing renewable energy capacity, particularly in solar and wind sectors, to meet growing demand[55]. - The company plans to continue expanding its market presence and investing in new energy technologies to enhance its competitive edge[67]. - The company aims to enhance operational performance by actively participating in the electricity auxiliary market and optimizing fuel costs[80].

2023 年第一季度报告 单位：元 币种：人民币 证券代码：600642 证券简称：申能股份 申能股份有限公司 2023 年第一季度报告 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法律责任。 重要内容提示 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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人华士超、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 度报告中财务信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | |-----------------------------------------------|------------------|-------------------------------------| | 项目 | 本报告期 | 本报告期比上年同期增 减变动幅度 (%) | | 营业收入 | 7,279,635,914.7 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥8,242,695,398.18, representing a 22.45% increase compared to ¥6,533,476,618.62 in the same period last year[4]. - Net profit attributable to shareholders was ¥333,574,662.90, a decrease of 56.88% from ¥832,038,870.01 year-on-year[4]. - The basic earnings per share decreased by 56.60% to ¥0.069 from ¥0.171 in the same period last year[4]. - Net profit for the third quarter of 2022 was CNY 1,234,133,225.34, down from CNY 2,464,576,038.75 in the same quarter of 2021, reflecting a decrease of approximately 50.0%[20]. - Total comprehensive income amounted to CNY 1,234,162,063.50, a decrease from CNY 2,464,552,760.24 in the previous year[21]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 26.42% to ¥1,395,681,709.84, compared to ¥1,103,998,168.68 in the previous year[4]. - Net cash flow from operating activities was CNY 4,382,774,330.52, up from CNY 3,423,886,373.56 year-over-year[23]. - Cash received from sales of goods and services reached CNY 23,274,408,087.36, compared to CNY 19,780,990,173.72 in the same period last year, reflecting a growth of approximately 17.3%[23]. - Cash outflow for purchasing goods and services was CNY 17,231,851,545.26, an increase from CNY 14,433,907,470.65, indicating a rise of about 19.4%[23]. - The company reported a net increase in cash and cash equivalents of CNY 1,572,323,719.92, compared to CNY 1,996,619,104.64 in the previous year[24]. - The ending balance of cash and cash equivalents was CNY 10,892,265,565.53, slightly up from CNY 10,764,248,593.47[24]. Assets and Liabilities - The total assets at the end of the reporting period were ¥87,709,847,916.57, a decrease of 2.03% from ¥89,636,555,192.26 at the end of the previous year[5]. - Total liabilities were CNY 49,308,994,112.34, down from CNY 51,102,643,580.24 in the previous quarter, showing a reduction of about 3.5%[17]. - The total current assets decreased to ¥21,715,787,982.34 from ¥23,751,049,939.74 year-over-year[15]. - The company's fixed assets increased to ¥38,498,773,074.45 from ¥34,703,806,081.71 year-over-year[15]. - The total non-current liabilities increased to CNY 28,441,877,023.46 from CNY 27,330,134,343.81 in the previous quarter, reflecting a growth of approximately 4.1%[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 107,931[11]. - The largest shareholder, Sheneng (Group) Co., Ltd., holds 2,626,545,766 shares, representing 53.48% of the total shares[11]. - The total number of preferred shareholders with restored voting rights is 0[11]. Operating Costs and Expenses - Total operating costs for the first three quarters of 2022 were CNY 20,077,674,715.60, compared to CNY 17,644,345,930.20 in 2021, indicating an increase of about 13.0%[19]. - Research and development expenses for the first three quarters of 2022 were CNY 3,797,373.54, compared to CNY 2,132,288.40 in the same period of 2021, marking an increase of approximately 78.1%[19]. - The company reported a financial expense of CNY 956,278,209.71 for the first three quarters of 2022, up from CNY 663,642,159.03 in 2021, indicating an increase of about 44.2%[19]. Other Financial Activities - Non-operating income for the period included government subsidies amounting to ¥52,522,747.75[6]. - The company has not disclosed any significant new strategies or product developments in the reporting period[13]. - There are no indications of any financing or margin trading activities by the top shareholders aside from the controlling shareholder[12]. - The company paid CNY 1,911,506,695.38 in dividends, down from CNY 2,684,667,658.65 in the previous year[24]. - The company received CNY 683,868,985.72 in cash from investment income, a decrease from CNY 965,290,224.50 year-over-year[23].

Financial Performance - The company's operating revenue for the first half of 2022 was approximately CNY 12.77 billion, an increase of 10.08% compared to CNY 11.60 billion in the same period last year[14]. - The net profit attributable to shareholders of the listed company was approximately CNY 813.15 million, a decrease of 46.94% from CNY 1.53 billion in the previous year[14]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately CNY 947.72 million, down 34.89% from CNY 1.46 billion in the same period last year[14]. - Basic earnings per share for the first half of 2022 were CNY 0.165, a decrease of 47.01% compared to CNY 0.312 in the same period last year[15]. - The weighted average return on net assets was 2.62%, down 2.26 percentage points from 4.88% in the previous year[15]. - The company reported a total profit of CNY 1,001,416,096.37 for the first half of 2022, down 49.5% from CNY 1,979,995,008.66 in the previous year[101]. - The total comprehensive income for the first half of 2022 was CNY 925,682,109.41, compared to CNY 1,780,088,434.99 in the previous year, indicating a decline of 48.0%[102]. Cash Flow and Investments - The cash flow from operating activities was approximately CNY 2.99 billion, an increase of 28.76% compared to CNY 2.32 billion in the previous year[14]. - The company reported a net cash flow from operating activities of approximately 2.987 billion, a 28.76% increase year-over-year[31]. - The company reported a net cash outflow from investing activities of CNY -955,532,015.32, a significant improvement from CNY -2,837,407,453.95 in the first half of 2021[107]. - The company achieved a net cash inflow from financing activities of CNY -27,550,125.32, contrasting with a positive inflow of CNY 1,690,541,808.13 in the previous year[107]. - The total cash and cash equivalents at the end of the period reached CNY 11,324,733,925.52, up from CNY 9,940,417,560.45 at the end of the first half of 2021[107]. Assets and Liabilities - The total assets at the end of the reporting period were approximately CNY 88.55 billion, a decrease of 1.09% from CNY 89.53 billion at the end of the previous year[14]. - The total current assets at the end of the reporting period amounted to ¥22.40 billion, a decrease from ¥23.75 billion at the previous year-end[92]. - The total liabilities decreased to CNY 10,410,440,827.32 from CNY 10,842,176,782.01, indicating a reduction of 4.0%[98]. - The total non-current liabilities increased to ¥28.27 billion from ¥27.33 billion at the previous year-end[93]. - The debt-to-asset ratio decreased to 56.70%, down by 0.66% from the previous year-end[91]. Operational Highlights - The company achieved a clean energy installed capacity of 3.75 million kW, accounting for 24% of its total controllable installed capacity as of the first half of 2022[18]. - The company’s electricity generation and main revenue indicators achieved over 50% of their annual targets in the first half of the year, despite a nearly 40% increase in coal prices[24]. - The company is actively expanding its new energy projects nationwide, responding to national carbon neutrality policies[18]. - The company has invested in large-scale, high-parameter, low-energy consumption power generation units, with significant market competitiveness[21]. Environmental Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities, indicating its commitment to environmental responsibility[43]. - The company achieved an average emission concentration of pollutants significantly below national standards, ensuring compliance with environmental regulations[46]. - Total sulfur dioxide emissions were recorded at 247.56 tons, with a concentration of 18.91 mg/m³, well within the permissible limit of 35 mg/m³[45]. - The company has implemented advanced technologies to reduce coal consumption and emissions, aligning with national carbon neutrality goals[53]. Corporate Governance and Management - The company appointed Chen Tao as the new Vice President and elected Hu Shichao as the new Chairman of the Board[40]. - The company has strengthened its management and talent development, forming a skilled workforce aligned with its strategic goals[23]. - The company has maintained a good integrity status, with no significant legal violations or outstanding debts reported during the period[59]. Shareholder Information - The total number of shares after the recent changes is 4,912,038,316, with a decrease of 360,000,000 restricted shares[75]. - The largest shareholder, Sheneng Group Co., Ltd., holds 2,626,545,766 unrestricted circulating shares, accounting for 53.47% of the total shares[81]. - The total number of common shareholders at the end of the reporting period is 115,608[80]. - The company has not reported any overdue bonds or risks associated with the termination of bond trading[86]. Research and Development - Research and development expenses increased by 81.84% to approximately 1.479 million, reflecting a focus on innovation[31]. - The company is focusing on technological innovation and has established a robust R&D system to enhance production efficiency and reduce emissions[22]. Related Party Transactions - The total amount of related party transactions with Shanghai Gas Co., Ltd. during the reporting period was RMB 696 million[61]. - The related party transaction amount for gas purchases by various gas power plants from Shanghai Gas Co., Ltd. was RMB 747 million during the reporting period[64]. Financial Reporting and Compliance - The financial report was approved by the board of directors on August 25, 2022[122]. - The company adheres to the enterprise accounting standards, ensuring the financial statements reflect a true and complete picture of its financial status[125]. - The company has a continuous operation basis, indicating no foreseeable liquidation or dissolution[124].

Financial Performance - The company's operating revenue for 2021 was CNY 25,312,773,856.77, representing a 28.43% increase compared to CNY 19,708,858,717.41 in 2020[13] - The net profit attributable to shareholders for 2021 was CNY 1,642,136,082.82, a decrease of 31.36% from CNY 2,392,563,365.89 in 2020[13] - The net profit after deducting non-recurring gains and losses was CNY 228,390,114.96, down 90.46% from CNY 2,393,923,097.53 in the previous year[13] - The net cash flow from operating activities was CNY 3,199,702,417.80, a decline of 33.96% compared to CNY 4,845,353,556.81 in 2020[13] - The total assets at the end of 2021 were CNY 89,636,555,192.26, an increase of 17.48% from CNY 76,298,435,588.90 at the end of 2020[13] - The net assets attributable to shareholders were CNY 30,841,926,436.25, showing a slight decrease of 0.02% from CNY 30,848,517,799.13 in 2020[13] - The basic earnings per share for 2021 were CNY 0.334, down 31.42% from CNY 0.487 in 2020[14] - The diluted earnings per share also stood at CNY 0.334, reflecting the same percentage decrease as basic earnings[14] - The weighted average return on equity for 2021 was 5.28%, a decrease of 2.63 percentage points from 7.91% in 2020[15] Revenue and Growth - The company plans to distribute a cash dividend of CNY 2.00 per 10 shares, totaling CNY 981,792,457.20 (including tax) based on the total share capital as of December 31, 2021[2] - In 2021, the company's controlled power generation reached 48.48 billion kWh, a year-on-year increase of 23.2%[23] - The company's operating revenue for 2021 was 25.313 billion RMB, representing a year-on-year growth of 28.43%[23] - The net profit attributable to shareholders for 2021 was 1.642 billion RMB, maintaining a leading position in the industry[23] - The company achieved a controlled coal consumption of 282.7 grams/kWh and an average coal price of 1,052 RMB/ton[23] - The installed capacity of the company reached 13.9244 million kW by the end of 2021, an increase of 10.27% year-on-year, with renewable energy capacity contributing significantly to profit growth[23] Market and Operations - The company participated in market transactions of 15.446 billion kWh of electricity in 2021, including the first national green electricity transaction[25] - The company obtained 24 patent authorizations in 2021, with a total of 161 effective intellectual properties[25] - The company is actively expanding upstream oil and gas resources and has initiated exploration projects in various regions[24] - The company has implemented a "carbon neutrality" strategy, including the establishment of a carbon neutrality research institute and participation in the first batch of national carbon emission trading[24] - The company has strengthened safety production and environmental protection measures, achieving no major accidents throughout the year[23] Energy Generation and Consumption - The coal power business reported operating revenue of CNY 9.49 billion, with a gross margin decrease of 19.54 percentage points[37] - The gas power business generated CNY 3.96 billion in revenue, with a gross margin decrease of 2.20 percentage points[37] - The wind power business achieved operating revenue of CNY 1.92 billion, with a gross margin increase of 3.13 percentage points[37] - The company invested heavily in clean energy, with significant achievements in wind and solar power sectors[27] - The company’s controlled power generation volume was 48.48 billion kWh, a year-on-year increase of 23.2%, contributing to approximately 33% of the total power generation in Shanghai[34] Financial Management and Investments - Cash received from operating activities increased by 55.35% to approximately $459.25 million in 2021 from $295.62 million in 2020, primarily due to increased government subsidies and interest income[48] - Cash paid for purchasing goods and services rose by 54.14% to approximately $21.36 billion in 2021 from $13.85 billion in 2020, mainly due to rising coal costs[48] - Cash recovered from investments surged by 4827.96% to approximately $1.07 billion in 2021 from $21.74 million in 2020, attributed to the sale of a 5% equity stake in Shanghai Shangguo Asset Management Co., Ltd.[48] - Accounts receivable increased by 33.25% to approximately $6.31 billion in 2021 from $4.73 billion in 2020, mainly due to increased receivables from subsidiaries[51] - Inventory rose by 87.43% to approximately $1.16 billion in 2021 from $620.32 million in 2020, driven by both price and volume increases in coal[51] Corporate Governance and Compliance - The company held 1 shareholders' meeting and 7 board meetings during the reporting period, ensuring compliance with legal and regulatory requirements[81] - The company maintains independence from its controlling shareholder in business, personnel, assets, and finance, ensuring autonomous operational capabilities[82] - The company has a fully independent financial department with a sound financial management system, preventing interference from the controlling shareholder[84] - The company has implemented stock incentive plans, resulting in significant increases in shareholdings for certain executives, such as an increase of 569,000 shares for the vice chairman[88] - The company emphasizes effective communication with investors, maintaining a positive interaction through various channels[81] Environmental and Social Responsibility - The company is committed to complying with national environmental laws and exploring energy-saving and environmental protection technologies[79] - The company has successfully helped local communities achieve poverty alleviation through various initiatives, including infrastructure improvements and economic support[129] - The company has made commitments regarding financial safety and compliance, ensuring no misuse of funds through its financial company[131] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[133] Future Outlook and Strategy - The company plans to continue expanding its renewable energy capacity, particularly in wind and solar sectors[54] - The company is focusing on green transformation, with key projects including the development of zero-carbon islands and offshore wind power projects in Hainan[77] - The company plans to actively explore diversified markets, including floating electricity pricing and cross-regional trading, to increase market revenue[78] - The company is committed to achieving "dual carbon" goals by exploring low-carbon technologies and conducting carbon emission accounting[78] - Future guidance indicates a continued upward trend in revenue, with expectations of further market expansion and potential acquisitions[91]

Financial Performance - The net profit attributable to shareholders for the first three quarters of 2021 reached 2.403 billion RMB, representing a year-on-year increase of 23.19%[3] - In Q3 2021, the company achieved operating revenue of 6.533 billion RMB, an increase of 40.31% compared to the same period last year[4] - The net profit attributable to shareholders in Q3 2021 was 832 million RMB, reflecting a growth of 4.63% year-on-year[4] - Total operating revenue for the first three quarters of 2021 reached ¥17,899,236,525.30, a 29.8% increase from ¥13,832,870,926.25 in the same period of 2020[18] - Operating profit for Q3 2021 was ¥3,027,027,147.33, compared to ¥2,610,495,214.00 in Q3 2020, reflecting a growth of 15.9%[19] - Net profit attributable to shareholders of the parent company for Q3 2021 was ¥2,403,433,464.26, up from ¥1,951,072,668.19 in Q3 2020, marking a 23.2% increase[19] Cash Flow - The cash flow from operating activities for the first three quarters was 3.424 billion RMB, down 15.24% year-on-year[5] - Operating cash inflow for the first three quarters of 2021 reached CNY 20,030,600,774.27, an increase of 28.5% compared to CNY 15,563,126,108.05 in the same period of 2020[22] - Net cash flow from operating activities was CNY 3,423,886,373.56, down 15.2% from CNY 4,039,330,934.76 in the previous year[22] - Cash inflow from investment activities totaled CNY 2,034,666,990.64, significantly higher than CNY 619,423,381.12 in the same period last year[22] - Net cash flow from investment activities was -CNY 2,092,090,889.74, an improvement from -CNY 3,594,741,972.11 in the previous year[22] - Cash inflow from financing activities amounted to CNY 22,149,453,784.74, up 36.1% from CNY 16,270,437,061.81 in the same period of 2020[23] - Net cash flow from financing activities was CNY 665,042,893.27, a turnaround from -CNY 506,757,333.57 in the previous year[23] Assets and Liabilities - The company's total assets as of the end of Q3 2021 amounted to 84.240 billion RMB, a 10.41% increase from the end of the previous year[5] - Total assets reached ¥84,240,447,902.92, up from ¥76,298,435,588.90 year-over-year[15] - The total liabilities increased to ¥44,873,146,161.36 in Q3 2021 from ¥37,363,331,242.17 in Q3 2020, representing a growth of 20.4%[17] - The company's total equity reached ¥39,367,301,741.56 in Q3 2021, compared to ¥38,935,104,346.73 in Q3 2020, indicating a growth of 1.1%[17] - The company's total equity attributable to shareholders was 31.602 billion RMB, a 2.44% increase from the end of the previous year[5] Shareholder Information - Total number of common shareholders at the end of the reporting period was 130,164[10] - The largest shareholder, Sheneng Group Co., Ltd., holds 2,626,545,766 shares, representing 53.47% of total shares[10] Expenses and Investments - The company reported a significant increase in exploration expenses, up 21,591.93% year-on-year, primarily due to increased oil and gas exploration costs[8] - The company recorded a 69.43% increase in investment income, attributed to the gain from the transfer of a 5% stake in Shanghai Shangguo Investment Management Co., Ltd.[8] - Research and development expenses for the first three quarters of 2021 were ¥2,132,288.40, down from ¥3,277,018.37 in the same period of 2020, a decrease of 34.9%[18] - The company reported investment income of ¥2,060,909,476.74 for Q3 2021, significantly higher than ¥1,216,402,568.24 in Q3 2020, an increase of 69.5%[18] Current Assets and Liabilities - Total current assets as of September 30, 2021, amounted to ¥20,036,327,755.26, an increase from ¥16,484,431,440.71 in the previous year[13] - Accounts receivable rose to ¥5,224,311,524.08, compared to ¥4,734,102,254.17 in the previous year, indicating a growth of approximately 10.4%[13] - The company reported an increase in inventory to ¥796,010,189.88 from ¥620,318,891.79, reflecting a growth of approximately 28.4%[15] - Short-term borrowings decreased to ¥6,069,207,357.60 from ¥6,945,930,943.88 year-over-year[15]

Financial Performance - The company achieved operating revenue of CNY 11.37 billion, a year-on-year increase of 23.86%[14] - The net profit attributable to shareholders reached CNY 1.57 billion, reflecting a year-on-year growth of 35.95%[14] - Basic earnings per share rose to CNY 0.320, an increase of 35.95% year-on-year[15] - The net profit after deducting non-recurring gains and losses was CNY 1.49 billion, an increase of 18.06% year-on-year[14] - The company reported a revenue of 11.37 billion RMB, reflecting a year-on-year growth of 23.9%[24] - The net profit for the first half of 2021 reached 1.57 billion RMB, marking a year-on-year increase of 36.0%[24] - The total comprehensive income amounted to approximately ¥1.82 billion, compared to ¥1.37 billion in the same period last year, reflecting a year-over-year increase of 32.8%[101] - The net profit attributable to the parent company was approximately ¥1.57 billion, an increase from ¥1.16 billion in the previous period, representing a growth of 35.8%[101] Cash Flow and Investments - The net cash flow from operating activities was CNY 2.32 billion, down 21.75% compared to the previous year[14] - The company raised a total of ¥8.2 billion in funding during the first half of 2021, with an average interest rate of 2.37% for short-term bonds, which is at a historical low[29] - The company’s investment activities resulted in a net cash outflow of approximately ¥2.84 billion, an increase of 42.07% compared to the previous year[29] - The cash inflow from financing activities amounted to approximately CNY 13.24 billion, up from CNY 10.81 billion in the same period of 2020, reflecting a growth of 22.5%[105] - The net cash flow from financing activities was approximately CNY 1.69 billion, a significant improvement from a net outflow of CNY 1.11 billion in the first half of 2020[105] Assets and Liabilities - Total assets increased by 8.34% to CNY 82.66 billion compared to the end of the previous year[14] - The company's total liabilities amounted to CNY 43.96 billion, compared to CNY 37.36 billion at the end of 2020, reflecting an increase of approximately 17.1%[95] - The company's current ratio is 0.92, a decrease of 8.07% compared to the previous year[89] - The debt-to-asset ratio increased by 4.21 percentage points to 53.18%[89] - The total amount of guarantees at the end of the reporting period is RMB 218,062.50 million, which includes principal and interest on loans and related payments to banks[74] Renewable Energy Contribution - The contribution of renewable energy (wind and solar) to the company's net profit exceeded 30%[4] - The installed capacity of renewable energy (wind and solar) accounted for over 20% of the total installed capacity, contributing over 30% to the net profit in the first half of 2021[19] - The company is actively developing wind and solar energy projects, contributing to the increase in its renewable energy capacity[51] Safety and Environmental Measures - The company has implemented a series of safety production measures, resulting in a reduction of system unit faults and no major safety incidents reported in the first half of 2021[24] - The company’s power plants have implemented ultra-low emissions technology, ensuring that the average discharge concentrations of smoke dust, sulfur dioxide, and nitrogen oxides are better than national standards[45] - The company has established an environmental self-monitoring plan, utilizing automatic monitoring systems to ensure real-time transmission of environmental data[48] Corporate Governance and Compliance - The company and its controlling shareholder have maintained good integrity and legal operation during the reporting period[58] - There were no significant lawsuits or arbitration matters during the reporting period[57] - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[55] Research and Development - The company completed 14 patent authorizations in the first half of 2021, bringing the total number of effective intellectual properties to 151[29] - The company has established the Shenneng Carbon Neutral Research Institute to enhance research and application of carbon capture and utilization technologies[51] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[99] - The company is focused on expanding its renewable energy footprint through acquisitions and partnerships, as evidenced by its diverse subsidiary portfolio[117]