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]

Financial Performance - Net profit attributable to shareholders rose by 96.26% to CNY 889.18 million year-on-year[4] - Operating revenue grew by 12.28% to CNY 5.98 billion compared to the same period last year[4] - Operating profit for Q1 2021 was ¥1,189,805,811.95, up from ¥647,921,922.18 in Q1 2020, reflecting a growth of 83.4%[21] - Net profit attributable to shareholders for Q1 2021 was ¥889,176,788.42, compared to ¥453,072,167.28 in Q1 2020, representing an increase of 96.5%[22] - The company reported a total comprehensive income for Q1 2021 of CNY 553,044,446.53, compared to CNY 181,198,612.58 in Q1 2020, indicating a substantial increase of approximately 205.5%[24] Assets and Liabilities - Total assets increased by 6.68% to CNY 81.40 billion compared to the end of the previous year[4] - The company reported a significant increase in accounts receivable by 47.71% to CNY 469.35 million due to increased receivables from subsidiaries[9] - Long-term payables increased by 31.64% to CNY 3.25 billion, primarily due to increased long-term payables from subsidiaries[10] - Lease liabilities rose by 30.47% to CNY 5.85 billion, attributed to increased financing lease amounts from subsidiaries[10] - Total liabilities increased to ¥6,849,388,407.65 in Q1 2021 from ¥6,106,427,907.35 in Q1 2020, marking a rise of 12.1%[19] Cash Flow - Net cash flow from operating activities increased by 11.75% to CNY 1.55 billion year-on-year[4] - Cash flow from operating activities in Q1 2021 was CNY 1,545,362,884.85, compared to CNY 1,382,837,374.10 in Q1 2020, reflecting an increase of about 11.7%[25] - Cash received related to financing activities amounted to ¥674,230,000.00, marking a 100% increase due to financing lease payments received by subsidiaries[12] - The company’s cash flow from financing activities showed a net inflow of CNY 2,092,975,415.99 in Q1 2021, compared to a net outflow of CNY 670,114,143.81 in Q1 2020, indicating a positive shift in financing activities[26] Investment and Expenses - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets surged by 294.47% to ¥2,058,748,471.97 compared to the previous year[12] - Cash paid for investments decreased significantly by 99.28% to ¥2,200,000.00, mainly due to the loss of control over a leasing company[12] - Research and development expenses for Q1 2021 were ¥437,736.50, down from ¥632,509.75 in Q1 2020, showing a decrease of 30.8%[21] - Financial expenses, including interest expenses, increased to CNY 35,777,875.78 in Q1 2021 from CNY 26,813,907.06 in Q1 2020, reflecting a rise of about 33.3%[24] Shareholder Information - The number of shareholders at the end of the reporting period was 123,658, with the largest shareholder holding 53.47% of the shares[7] - The total equity attributable to shareholders rose to ¥31,738,148,382.27 from ¥30,848,517,799.13, reflecting a solid increase in shareholder value[17] Fair Value and Investment Income - The fair value change income increased to ¥231,101,906.78 from a loss of ¥82,414,224.25, representing a growth of 380.42% due to the rise in the fair value of financial assets[11] - Investment income rose by 48.48% to ¥384,718,282.51, primarily due to dividends received from Zhongtian Hechuang[11] Government Subsidies - The company received government subsidies amounting to CNY 5.34 million, which were included in the current period's profit[5]

Financial Performance - The company's operating revenue for 2020 was CNY 19,708,858,717.41, a decrease of 49.26% compared to CNY 38,841,303,798.99 in 2019[17] - The net profit attributable to shareholders for 2020 was CNY 2,392,563,365.89, representing an increase of 4.64% from CNY 2,286,499,089.13 in 2019[17] - The total assets at the end of 2020 reached CNY 76,298,435,588.90, a growth of 12.30% from CNY 67,944,070,511.90 in 2019[17] - The net assets attributable to shareholders increased to CNY 30,848,517,799.13, up by 4.21% from CNY 29,603,575,069.37 at the end of 2019[17] - The basic earnings per share for 2020 was CNY 0.487, a slight increase of 0.83% from CNY 0.483 in 2019[19] - The cash flow from operating activities for 2020 was CNY 4,845,353,556.81, a decrease of 4.06% compared to CNY 5,050,541,853.76 in 2019[17] - The company reported a decrease in the weighted average return on net assets to 7.91% from 8.22% in 2019, a reduction of 0.31 percentage points[19] - The company achieved a net cash flow from operating activities of approximately ¥1.38 billion in Q1 2020, which decreased to approximately ¥806 million by Q4 2020[21] - The company reported a net profit of CNY 1,745,935,401.84 for the year 2020, with a distributable profit of CNY 1,396,748,321.48 after statutory reserves[87] - The total comprehensive income for 2020 was CNY 1.70 billion, down from CNY 2.09 billion in 2019, reflecting a decrease of 18.9%[196] Revenue and Profit Trends - In Q1 2020, the company reported revenue of approximately ¥5.32 billion, with net profit attributable to shareholders at approximately ¥453 million[21] - In Q2 2020, revenue decreased to approximately ¥3.85 billion, while net profit attributable to shareholders increased to approximately ¥703 million[21] - In Q3 2020, revenue rose to approximately ¥4.66 billion, with net profit attributable to shareholders reaching approximately ¥795 million[21] - In Q4 2020, revenue further increased to approximately ¥5.88 billion, but net profit attributable to shareholders dropped to approximately ¥441 million[21] - The company achieved a record controllable power generation of 39.35 billion kWh in 2020, a year-on-year increase of 6.2%[37] - The net profit attributable to shareholders, excluding non-recurring gains and losses, reached 2.394 billion RMB, representing a year-on-year growth of 24.46%[37] Dividend and Profit Distribution - The company plans to distribute a cash dividend of CNY 2.80 per 10 shares, totaling an estimated cash dividend distribution of CNY 1,375,370,728.48[4] - A cash dividend of CNY 2.80 per 10 shares is proposed, amounting to a total distribution of CNY 1,375,370,728.48[88] - The remaining undistributed profit at the end of the year is CNY 1,594,670,120.83, which will be carried forward to the next year[88] - The company has committed to a cash dividend policy that mandates a minimum distribution of 30% of the average distributable profit over the last three years[87] Asset and Liability Management - The total liabilities reached RMB 37.36 billion, up from RMB 30.08 billion in the previous year, indicating an increase of about 24.0%[182] - The company's total liabilities for 2020 were CNY 6.11 billion, an increase of 15.4% from CNY 5.29 billion in 2019[188] - Long-term borrowings increased to RMB 12.90 billion from RMB 11.92 billion, indicating a rise of approximately 8.2%[182] - The total liabilities to equity ratio increased, indicating a higher leverage position for the company compared to the previous year[182] Operational Efficiency and Cost Management - The company achieved a significant reduction in coal costs, contributing to a positive growth in main business revenue despite the pandemic[44] - The total operating costs for 2020 were CNY 17.69 billion, down 52.4% from CNY 37.12 billion in 2019[190] - The company has a strategy to strengthen coal procurement management to improve bargaining power and reduce operational costs[85] Renewable Energy and Technological Innovation - The company’s non-hydropower renewable energy installed capacity reached 2.145 million kW by the end of 2020, accounting for 17.8% of total installed capacity[28] - The company emphasizes technological innovation and has established a technology innovation system to enhance production efficiency and reduce emissions[33] - The company plans to accelerate the development of renewable energy projects, focusing on grid-parity wind and solar projects[79] - The proportion of renewable energy installed capacity reached 23.7%, with a total of 1.145 million kW of non-hydropower renewable energy capacity added, a 118% increase year-on-year[37] Environmental Compliance and Sustainability - The company is committed to achieving carbon peak by 2030 and carbon neutrality by 2060, driving a shift towards cleaner energy sources[74] - The company has committed to complying with national environmental laws and exploring energy-saving and environmental protection technologies[85] - The company successfully completed pollution management targets in 2020, ensuring all power generation units operated pollution control equipment normally[122] - The average desulfurization and denitrification efficiency of coal-fired power plants was reported at 98.5% and 82%, respectively, indicating effective pollution control measures[120] Shareholder and Governance Structure - The total number of ordinary shareholders reached 124,032 by the end of the reporting period, an increase from 123,658 at the end of the previous month[132] - The largest shareholder, Sheneng Group, held 2,626,545,766 shares, representing 53.47% of total shares, with no changes during the reporting period[133] - The company maintains a stable management structure with no significant changes in the board of directors or senior management during the reporting period[142] - The board of directors includes independent members with diverse expertise, contributing to effective governance and oversight[144] Employee and Labor Management - The total number of employees in the parent company and major subsidiaries is 2,617, with 80 in the parent company and 2,537 in subsidiaries[151] - The company has established a training plan to enhance employee skills and support talent development[153] - The company has implemented a performance-based salary distribution system to enhance team cohesion and effectiveness[152] Financial Reporting and Audit - The audit report confirms that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2020[165] - The internal control audit report received a standard unqualified opinion, indicating no significant deficiencies in internal controls[162] - The management is responsible for ensuring the financial statements are prepared in accordance with accounting standards and for maintaining necessary internal controls[172]

Financial Performance - Operating revenue decreased by 51.33% to CNY 13,832,870,926.25 for the period from January to September[5] - Net profit attributable to shareholders increased by 16.44% to CNY 1,951,072,668.19 year-on-year[5] - Basic earnings per share rose by 10.58% to CNY 0.397[6] - The weighted average return on net assets increased by 0.33 percentage points to 6.46%[6] - Total operating revenue for Q3 2020 was ¥4,656,552,287.70, a decrease of 47.3% compared to ¥8,841,861,116.45 in Q3 2019[23] - Net profit for Q3 2020 reached ¥954,844,561.93, compared to ¥511,801,320.26 in Q3 2019, representing an increase of 86.5%[24] - The total profit for Q3 2020 was ¥1,115,946,460.14, compared to ¥583,902,724.17 in Q3 2019, marking an increase of 91.1%[24] - The company's operating revenue for Q3 2020 was ¥14,858,490.60, an increase of 23.5% compared to ¥12,028,301.89 in Q3 2019[26] Assets and Liabilities - Total assets increased by 8.85% to CNY 73,957,321,628.66 compared to the end of the previous year[5] - Total liabilities increased to ¥35.48 billion from ¥30.08 billion, representing a 17.9% year-over-year growth[18] - Current liabilities decreased to ¥15.84 billion from ¥16.55 billion, a decline of 4.3%[18] - Non-current liabilities rose significantly to ¥19.64 billion from ¥13.53 billion, marking a 45.4% increase[18] - Long-term payables surged by 1104.81% to ¥5,762,013,292.41 from ¥478,249,672.75, mainly due to an increase in financing lease payments[13] - Total assets increased to ¥33.46 billion from ¥32.29 billion, reflecting a growth of 3.6%[21] - The company's total liabilities and equity amounted to ¥73.96 billion, compared to ¥67.94 billion, a growth of 8.9%[18] Cash Flow - Net cash flow from operating activities decreased by 10.78% to CNY 4,039,330,934.76 compared to the same period last year[5] - Cash received from sales and services decreased by 53.65% to ¥15,338,627,965.38 from ¥33,092,646,464.69[14] - Cash inflow from investment activities totaled 4,995,101,170.45 RMB, up from 4,122,164,868.06 RMB year-over-year[31] - The net cash flow from investment activities was -234,355,621.52 RMB, significantly better than -1,518,628,866.16 RMB in the previous year[31] - Cash inflow from financing activities reached 6,100,000,000.00 RMB, compared to 5,775,665,600.00 RMB in the same period last year[31] - The net cash flow from financing activities was -339,023,338.96 RMB, a decline from a positive 1,809,158,822.85 RMB in the previous year[31] Shareholder Information - The total number of shareholders reached 122,787 by the end of the reporting period[10] - The largest shareholder, Sheneng (Group) Co., Ltd., holds 53.47% of the shares[10] Other Financial Metrics - Government subsidies recognized in the current period amounted to CNY 3,898,328.71, with a total of CNY 32,546,992.59 for the year-to-date[7] - The company reported a loss of CNY 1,079,379.89 from the disposal of non-current assets in the current period[7] - Accounts receivable increased by 157.92% to ¥393,064,609.83 compared to ¥152,396,831.05 from the previous year[13] - Prepayments rose by 40.90% to ¥298,989,920.76 from ¥212,197,852.69 year-over-year[13] - Inventory decreased by 33.52% to ¥621,474,524.02 from ¥934,831,100.74, primarily due to a reduction in liquefied natural gas stock[13] - Long-term receivables dropped by 98.28% to ¥36,300,000.00 from ¥2,112,189,312.51 due to loss of control over a leasing company[13] - Cash paid for fixed assets and other long-term assets increased by 32.69% to ¥2,594,378,963.47 from ¥1,955,169,869.40[15]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥9,176,318,638.55, a decrease of 53.14% compared to ¥19,581,530,842.14 in the same period last year[9]. - The net profit attributable to shareholders for the first half of 2020 was ¥1,155,884,322.03, down 10.83% from ¥1,296,307,772.59 in the previous year[9]. - The net cash flow from operating activities was ¥2,964,690,212.08, a decrease of 1.75% compared to ¥3,017,397,935.39 in the same period last year[10]. - The basic earnings per share for the first half of 2020 were ¥0.235, a decrease of 17.37% compared to ¥0.285 in the same period last year[11]. - The weighted average return on net assets was 3.83%, down 1.02 percentage points from 4.85% in the previous year[11]. - The company's operating revenue for the first half of 2020 was approximately ¥9.18 billion, a decrease of 53.14% compared to ¥19.58 billion in the same period last year[29]. - The operating cost for the same period was approximately ¥7.49 billion, down 58.77% from ¥18.17 billion year-on-year[29]. - The company's operating profit for the first half of 2020 was approximately ¥1.52 billion, a decrease of 10.5% compared to ¥1.70 billion in the same period of 2019[97]. - The total comprehensive income for the first half of 2020 was approximately ¥1.37 billion, a decrease of 10.9% from ¥1.54 billion in the first half of 2019[98]. - The company reported a net profit of RMB 1.15 billion for the first half of 2020, reflecting a robust performance despite market challenges[107]. Assets and Liabilities - The total assets at the end of the reporting period were ¥69,664,071,543.98, an increase of 2.53% from ¥67,944,070,511.90 at the end of the previous year[10]. - The total liabilities reached ¥32,155,833,141.12, compared to ¥30,079,516,790.21 at the end of 2019, reflecting an increase of approximately 6.9%[92]. - The company's total non-current assets amounted to ¥53,680,408,696.06, up from ¥51,684,280,162.69, indicating an increase of about 3.9%[91]. - The company's total assets reached RMB 33,020,106,154.25, up 2.2% from RMB 32,294,398,660.49 at the end of 2019[95]. - The company's total liabilities at the end of the first half of 2020 were approximately CNY 10.05 billion[110]. Investments and Projects - The company has invested in various power generation projects, including coal, gas, nuclear, wind, and solar energy, with a significant focus on clean energy development[14]. - The company is actively expanding its market presence beyond Shanghai, with projects in regions such as Anhui, Ningxia, Qinghai, Xinjiang, and Inner Mongolia, in line with the "Belt and Road" initiative[14]. - The company achieved a new installed capacity of 592,000 kW in renewable energy, totaling 1,692,000 kW, which is a 54% increase compared to the end of last year[26]. - The company signed international trade contracts for a total of 200,000 tons of biomass pellets, marking the commencement of overseas projects[26]. - The company is developing the "Pingshan Phase II" project, which is expected to achieve international leading performance indicators upon completion[19]. Financial Management - The company has committed to ensuring the safety of funds and compliance with financial regulations in its financing activities[43]. - The company does not plan to distribute profits or increase capital reserves in the current half-year period[41]. - The company has no significant non-equity investments during the reporting period[35]. - The company reported an investment income of 110,077,547.73 from Sheneng New Energy (Qinghai) Co., Ltd., representing a 100% ownership stake[35]. - The company’s cash flow from operating activities was approximately ¥2.96 billion, a slight decrease of 1.75% compared to the previous year[29]. Environmental and Social Responsibility - The company has achieved ultra-low emissions for pollutants, with average emission concentrations for dust, sulfur dioxide, and nitrogen oxides better than national standards[71]. - The company has established an environmental self-monitoring plan and uses automatic monitoring systems to ensure accurate and effective data transmission[75]. - The company plans to invest 429,100 RMB in poverty alleviation efforts in Longyang Village, Yunnan Province, focusing on supporting the pig farming industry and cultivating collective economy[68]. - The company has completed the hardening of three village roads and the renovation of pigsties for registered impoverished households[68]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 128,333[81]. - The largest shareholder, Sheneng (Group) Co., Ltd., held 2,626,545,766 shares, representing 53.47% of the total shares[82]. - The total number of restricted shares at the end of the reporting period was 360,000,000, all held by Sheneng (Group) Co., Ltd.[80]. - The top ten unrestricted shareholders collectively held 2,266,545,766 shares[83]. - The company reported no changes in the shareholdings of directors and senior management during the reporting period[86]. Accounting Policies and Compliance - The financial statements are prepared based on the going concern assumption, indicating the company expects to continue operations indefinitely[121]. - The accounting policies comply with enterprise accounting standards, ensuring a true and complete reflection of the company's financial status[121]. - The company has established a unified accounting policy and period for its consolidated financial statements, ensuring consistency across subsidiaries[126]. - The company recognizes its share of assets and liabilities in joint ventures according to relevant accounting standards[128]. - The company has made changes to important accounting policies and estimates, which may impact the financial statements and require ongoing review[190].

Financial Performance - Operating revenue for the current period was CNY 5,324,894,423.37, representing a decline of 54.88% year-on-year[5] - Net profit attributable to shareholders was CNY 453,072,167.28, down 17.75% from the previous year[5] - Basic earnings per share were CNY 0.092, down 23.97% from CNY 0.121 in the same period last year[5] - The company reported a significant decrease in fair value gains, with a loss of CNY 82,414,224.25 compared to a gain of CNY 184,820,182.16 in the previous year[11] - The operating profit for Q1 2020 was ¥196.86 million, a significant decline of 59.2% from ¥483.31 million in Q1 2019[20] - The company's net profit for Q1 2020 was approximately ¥575.19 million, a decrease of 14.6% compared to ¥673.79 million in Q1 2019[19] - The total comprehensive income for Q1 2020 was ¥553.27 million, compared to ¥707.15 million in Q1 2019, indicating a decline of 21.7%[19] Cash Flow - Net cash flow from operating activities was CNY 1,382,837,374.10, a decrease of 22.97% compared to the same period last year[5] - Cash received from sales and services was CNY 6,021,506,340.82, a decline of 55.50% from CNY 13,531,525,119.41 in the same period last year[12] - Cash paid for goods and services was CNY 3,978,611,083.27, down 63.83% from CNY 11,001,110,923.16 in Q1 2019[12] - The net cash flow from investment activities was -CNY 1,126,208,757.22, worsening from -CNY 788,196,824.44 in Q1 2019[21] - Cash inflow from financing activities was CNY 4,135,901,806.12, an increase of 22.5% compared to CNY 3,376,879,972.65 in Q1 2019[21] - The total cash and cash equivalents at the end of Q1 2020 was CNY 9,738,097,123.91, an increase from CNY 8,208,284,578.48 in Q1 2019[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 67,028,793,775.39, a decrease of 1.35% compared to the end of the previous year[5] - Total liabilities decreased to CNY 36,000,000,000.00, reflecting a reduction in short-term borrowings[15] - Long-term receivables decreased by 99.60% to CNY 8,500,000.00 from CNY 2,112,189,312.51 due to loss of control over a leasing company[11] - Total current liabilities were CNY 16,550,685,313.91 as of January 1, 2020, unchanged from the previous period[24] - Total non-current liabilities also remained stable at CNY 13,528,831,476.30 as of January 1, 2020[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 133,271, with the largest shareholder holding 53.47% of the shares[7] - Total equity attributable to shareholders was CNY 29,603,575,069.37 as of January 1, 2020, unchanged from December 31, 2019[24] Other Financial Indicators - The weighted average return on net assets decreased by 0.58 percentage points to 1.52%[5] - Financial expenses increased by 68.30% to CNY 201,806,292.78 due to new unit production[11] - The company reported a non-operating income of CNY 42,002,204.23 from the disposal of non-current assets, primarily from the sale of a 20% stake in a leasing company[6] - Government subsidies recognized in the current period amounted to CNY 8,490,646.15[6] - The company did not report any significant changes in accounting items or financial indicators during the reporting period[10]

Financial Performance - The company's operating revenue for 2019 was approximately ¥38.84 billion, an increase of 7.23% compared to ¥36.22 billion in 2018[12]. - The net profit attributable to shareholders for 2019 was approximately ¥2.29 billion, representing a growth of 25.22% from ¥1.83 billion in 2018[12]. - The net cash flow from operating activities increased by 82.46% to approximately ¥5.05 billion in 2019, up from ¥2.77 billion in 2018[12]. - The total assets at the end of 2019 reached approximately ¥67.94 billion, a 13.88% increase from ¥59.66 billion at the end of 2018[14]. - The net assets attributable to shareholders increased by 14.07% to approximately ¥29.60 billion at the end of 2019, compared to ¥25.95 billion at the end of 2018[14]. - Basic earnings per share increased by 20.46% to CNY 0.483 in 2019 compared to CNY 0.401 in 2018[15]. - The company reported a weighted average return on equity of 8.22% in 2019, up from 7.08% in 2018, indicating improved profitability[15]. - The company achieved a controlled power generation of 37.05 billion kWh, completing 101.5% of the annual plan, with a year-on-year increase of 1.8%[28]. - The company's operating revenue reached 38.841 billion yuan, with a net profit of 2.286 billion yuan, representing a year-on-year growth of 25%[28]. - The total comprehensive income for 2019 was RMB 2,867,604,503.40, compared to RMB 1,888,383,946.74 in 2018, an increase of 52.0%[180]. Investment and Expansion - The company is actively expanding its clean energy investments, with a focus on natural gas, wind, and solar power, aligning with national energy policies[19]. - The company is exploring overseas business opportunities as part of its "Belt and Road" initiative strategy, aiming for international market expansion[19]. - The company plans to expand its renewable energy capacity, particularly in wind and solar power, to enhance its market position[49]. - The company has a total of 1,222,280,000 CNY in capital expenditures for various projects, with significant investments in 淮北申能发电有限公司 and 上海申能新能源投资有限公司[57][58]. - The company aims to increase its total installed capacity of new energy projects to 3 million kilowatts, focusing on competitive pricing and timely project completion[71]. Environmental and Safety Measures - The company has committed to improving safety and environmental protection measures, ensuring stable production across its energy supply chain[71]. - The company has implemented energy-saving and environmental protection projects to effectively reduce total pollutant emissions[113]. - The average desulfurization efficiency of coal-fired power plants reached over 98.5%, while the average denitrification efficiency exceeded 90%[30]. - The company has reduced sulfur dioxide emissions by approximately 157,000 tons and nitrogen oxides by about 19,000 tons in 2019[113]. - The company maintained pollutant emissions below national standards, achieving ultra-low emissions for smoke, sulfur dioxide, and nitrogen oxides[115]. Corporate Governance - The company has a strong focus on corporate governance, with independent directors holding significant expertise in accounting and finance[140]. - The company’s management team has extensive experience in energy and investment sectors, positioning it well for future growth[141]. - The company is committed to maintaining transparency and accountability in its financial reporting practices[141]. - There were no significant deficiencies in internal controls reported during the year, indicating effective governance practices[164]. - The audit report confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2019[168]. Shareholder Information - The company plans to distribute a cash dividend of ¥2.20 per 10 shares, totaling approximately ¥1.08 billion in cash dividends[4]. - The cash dividend per 10 shares was RMB 2.20 in 2019, an increase from RMB 2.00 in 2018[78]. - The largest shareholder, Sheneng (Group) Co., Ltd., holds 2,626,545,766 shares, representing 53.47% of total shares[130]. - The company has not proposed a cash profit distribution plan for the reporting period despite having positive distributable profits[79]. - The company has committed to not reducing its shareholdings in the past six months and for six months following a non-public offering[80]. Operational Efficiency - The average coal consumption for power generation was reduced to 285.5 grams/kWh, a decrease of 3.2 grams/kWh year-on-year[31]. - The company completed 152 technical transformation projects, maintaining industry-leading energy consumption indicators[31]. - The company achieved a power supply coal consumption of 285.43 grams per kilowatt-hour in 2019, with a comprehensive plant electricity consumption rate of 4.38%, leading the industry[115]. - The company has implemented a management incentive fund for senior management, following the approved regulations, to enhance talent development and performance[163]. - The company has established emergency response plans for environmental incidents, ensuring preparedness and effective response to minimize pollution impact[117]. Financial Position - The company's total liabilities increased by 54.85%, primarily due to the reclassification of long-term borrowings to current liabilities[47]. - The company's total assets amounted to 67,944,070,511.9 RMB, with total liabilities of 30,079,516,790.21 RMB, and equity attributable to the parent company of 29,603,575,069.37 RMB[128]. - The company's long-term borrowings increased to CNY 11,916,978,689.99 from CNY 11,200,725,014.24, representing a rise of about 6.4%[177]. - The total amount of guarantees provided by the company is 327,093.75 million RMB, which accounts for 11.05% of the company's net assets[102][103]. - The company reported a significant increase in other comprehensive income, which improved to CNY 102,893,919.47 from a loss of CNY 321,180,443.07 in the previous year[177].