证券代码：600719 证券简称：大连热电 公告编号：临 2023-055 大连热电股份有限公司 关于上海证券交易所《关于对大连热电股份有限公司 重大资产出售及发行股份购买资产并募集配套资金 预案信息披露的问询函》之回复公告 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个别及连带责任。 重要风险提示： 1、关联交易占比较高的风险 截至本回复出具之日，康辉新材控股股东为恒力石化，实际控制人为陈建华、 范红卫夫妇。2020 年至 2022 年康辉新材向恒力石化及其关联方采购 PTA、MEG 等金额分别为 175,765.06 万元、244,609.12 万元和 275,778.99 万元，占营业 成本的比例分别 59.65%、46.72%和 47.18%，关联交易占比较高。PTA、MEG 均系 大宗商品，康辉新材向恒力石化及其关联方采购 PTA、MEG 等均依照市场化原则 进行定价，相关交易价格具备公平性和公允性。未来若上述关联交易未能有效履 行公司相关决策程序，或未能严格按照公允价格执行，可能会对公司的独立性、 经营规范性产生影响，进而 ...

证券代码：600719 证券简称：大连热电 上市地点：上海证券交易所 大连热电股份有限公司 重大资产出售及发行股份购买资产 并募集配套资金暨关联交易预案 （摘要）（修订稿） | 相关方 | 名称 | | --- | --- | | 重大资产出售交易对方 | 洁净能源集团或其指定的第三方 | | 发行股份购买资产交易对方 | 恒力石化股份有限公司 | | | 江苏恒力化纤股份有限公司 | | 募集配套资金认购方 | 不超过35名符合条件的特定投资者 | 独立财务顾问 二〇二三年八月 1 上市公司声明 本公司及全体董事、监事、高级管理人员保证预案及其摘要内容的真实、准 确、完整，对预案及其摘要的虚假记载、误导性陈述或者重大遗漏负相应的法律 责任。 截至本预案摘要签署日，与本次重组相关的审计、评估等工作尚未全部完成， 本预案摘要中涉及的部分数据尚未经过符合相关法律法规要求的审计机构审计， 请投资者审慎使用。本公司及全体董事、监事和高级管理人员保证本预案摘要所 引用的相关数据的真实性和合理性。在本次重组相关各项工作完成后，本公司将 另行召开董事会审议与本次重组相关的其他未决事项，并编制重大资产重组报告 书，履行股东大 ...

证券代码：600719 证券简称：大连热电 公告编号：临 2023-020 大连热电股份有限公司 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个别及连带责任。 重要内容提示： 会议召开时间：2023 年 06 月 05 日(星期一) 下午 14:00-15:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 05 月 29 日(星期一) 至 06 月 02 日(星期 五)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通 过公司邮箱(dlrd_zqb@sina.com）进行提问。公司将在说明会上对投 资者普遍关注的问题进行回答。 大连热电股份有限公司（以下简称"公司"）已于 2023 年 3 月 18 日发布公司 2022 年度报告，2023 年 4 月 21 日发布公司 2023 年 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 375,241,002.23, representing a decrease of 3.96% compared to the same period last year[6]. - The net profit attributable to shareholders was a loss of CNY 50,317,333.05, a decline of 230.39% year-on-year[6]. - The basic earnings per share for the period was -CNY 0.124, reflecting a decrease of 230.53% compared to the previous year[7]. - Total operating revenue for Q1 2023 was CNY 375,241,002.23, a decrease of 3.5% compared to CNY 390,706,744.44 in Q1 2022[16]. - Net profit for Q1 2023 was a loss of CNY 50,317,333.05, compared to a profit of CNY 38,590,001.91 in Q1 2022[17]. - Basic and diluted earnings per share for Q1 2023 were both CNY -0.124, down from CNY 0.095 in Q1 2022[18]. Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 2,525,591,292.70, down 5.52% from the end of the previous year[7]. - Total assets as of Q1 2023 amounted to CNY 2,525,591,292.70, a decrease from CNY 2,673,224,014.43 at the end of the previous period[16]. - Total liabilities for Q1 2023 were CNY 2,132,781,943.45, compared to CNY 2,232,068,015.91 in the previous year[15]. - Current assets totaled CNY 478,272,350.14, down from CNY 700,761,737.12 in the previous period[15]. - Non-current assets increased to CNY 2,047,318,942.56 from CNY 1,972,462,277.31 year-over-year[15]. - The equity attributable to shareholders decreased by 10.96% to CNY 392,809,349.25 compared to the end of the previous year[7]. Cash Flow - The net cash flow from operating activities was -CNY 31,163,285.90, an improvement of 68.36% compared to the same period last year[6]. - The company’s cash flow statement for Q1 2023 indicates ongoing liquidity challenges, with net cash flow from operating activities remaining a concern[18]. - In Q1 2023, the cash inflow from operating activities was $135,179,805.43, compared to $109,294,864.82 in Q1 2022, representing an increase of approximately 23.7%[19]. - The net cash outflow from operating activities was -$31,163,285.90, an improvement from -$98,496,984.52 in the same period last year[19]. - Cash outflow for purchasing goods and services decreased to $122,592,818.67 from $166,070,776.55, a reduction of about 26.2%[19]. - The company experienced a net decrease in cash and cash equivalents of -$49,324,529.76 in Q1 2023, compared to -$57,406,596.07 in Q1 2022, indicating an improvement in cash management[20]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 14,348[10]. - The largest shareholder, Dalian Clean Energy Group Co., Ltd., held 32.9% of the shares, totaling 133,133,784 shares[10]. Costs and Expenses - The company reported a significant increase in main business costs, impacting net profit negatively[8]. - Total operating costs increased to CNY 425,076,394.38, up 20.9% from CNY 351,688,205.23 in the same period last year[16]. - The company reported a significant increase in financial expenses, which rose to CNY 19,557,220.85 from CNY 6,756,409.42 in the previous year[16]. - Cash paid for debt repayment was $263,940,000.00, which increased from $259,750,000.00 in Q1 2022[20]. - The cash outflow for employee compensation was $30,779,200.22, down from $35,290,629.48, showing a reduction of approximately 12.5%[19]. Non-recurring Items - Non-recurring gains and losses amounted to CNY 318,884.92, primarily from government subsidies[8].

Financial Performance - In 2022, the company's operating revenue was approximately CNY 806.96 million, an increase of 22.33% compared to CNY 659.68 million in 2021[20]. - The net profit attributable to shareholders was a loss of CNY 156.55 million, worsening by 9.31% from a loss of CNY 143.22 million in the previous year[20]. - The basic earnings per share for 2022 was -CNY 0.387, a decline of 9.32% from -CNY 0.354 in 2021[21]. - The diluted earnings per share also stood at -CNY 0.387, reflecting the same percentage decline as the basic earnings per share[21]. - The company reported a net profit margin of -33.79% for the year, a decrease of 17.33 percentage points compared to the previous year[22]. - The company reported a net loss of CNY 240,485,880.60 in 2022 compared to a loss of CNY 83,939,033.84 in 2021, indicating a worsening financial position[175]. - The company incurred interest expenses of ¥47,540,784.66 in 2022, an increase from ¥33,231,622.63 in 2021[182]. Cash Flow and Liquidity - The cash flow from operating activities increased significantly to CNY 332.63 million, a 414.72% increase from CNY 64.62 million in 2021[20]. - The company achieved a net cash flow from operating activities of CNY 201.92 million in Q4, following a negative cash flow of CNY 98.50 million in Q1[22]. - The company's cash and cash equivalents decreased by 50.70% to 159.07 million RMB, impacting liquidity[47]. - Cash and cash equivalents dropped significantly from CNY 322,656,413.45 in 2021 to CNY 159,065,383.34 in 2022, a reduction of approximately 50.7%[173]. - The total cash inflow from financing activities was approximately ¥898.14 million, compared to ¥797.80 million in 2021[189]. - The ending balance of cash and cash equivalents decreased to ¥73,056,657.39 from ¥316,614,420.85 in the previous year[192]. Assets and Liabilities - The total assets at the end of 2022 were CNY 2.67 billion, a decrease of 4.88% from CNY 2.81 billion at the end of 2021[20]. - The total assets decreased from CNY 2,810,333,061.28 in 2021 to CNY 2,673,224,014.43 in 2022, a decline of approximately 4.9%[175]. - The company's equity attributable to shareholders decreased from CNY 597,158,063.30 in 2021 to CNY 441,155,998.52 in 2022, a decline of approximately 26.3%[175]. - Total liabilities increased slightly from CNY 2,213,174,997.98 in 2021 to CNY 2,232,068,015.91 in 2022, an increase of about 0.9%[175]. - Short-term borrowings rose from CNY 237,200,000.00 in 2021 to 499,966,406.59 in 2022, an increase of approximately 110.7%[174]. Operational Efficiency and Business Strategy - The company has made significant progress in structural adjustments, including the steady advancement of the Beihai expansion project, which enhances heat source security and economic efficiency[26]. - The company has implemented a production organization system that emphasizes timely data transmission and smooth production-sales coordination, resulting in a 20% reduction in main equipment failure rates[27]. - The company is actively promoting the conversion of steam to hot water and the construction of new heat sources, enhancing the safety and efficiency of the overall pipeline network[31]. - The company plans to enhance its market position by focusing on green transformation and improving production efficiency[63]. - The company aims to enhance resource allocation efficiency as a primary task for heat balance management[64]. Environmental and Social Responsibility - The company has made significant progress in green transformation, with its existing cogeneration system meeting ultra-low emission standards[31]. - The company invested 13.18 million yuan in environmental protection during the reporting period[111]. - The actual emissions for the year included 7.92 tons of particulate matter, 22.37 tons of SO₂, and 51.29 tons of NOx from the Beihai Thermal Power Plant[113]. - The company is committed to social responsibility, providing services such as free cleaning of heating systems for residents[121]. - The company is collaborating with local government on rural development and poverty alleviation initiatives[122]. Governance and Compliance - The company held two shareholder meetings during the reporting period, ensuring compliance with legal requirements and protecting minority shareholders' rights[70]. - The company has implemented a robust investor relations management system to maintain effective communication with investors[73]. - The company faced penalties from the China Securities Regulatory Commission for information disclosure violations, resulting in warnings and fines for five individuals, including the chairman and the financial officer[89]. - The company has established stricter governance measures to enhance internal control and improve information disclosure quality, aiming to protect the rights of minority shareholders[134]. - The company has not reported any significant legal or regulatory discrepancies in its governance practices[74]. Related Party Transactions - The company engaged in significant related party transactions with its controlling shareholder, Dalian Clean Energy Group Co., Ltd., which were deemed to potentially impact the financial statements[163]. - The company reported a total of 27,603,716.21 RMB in related party transactions, with the largest transaction being for engineering services amounting to 15,323,873.49 RMB, accounting for 5.98% of similar transactions[137]. - The company has not disclosed any significant changes in major related party transactions during the reporting period, indicating stability in its operational relationships[139]. Future Outlook - The company anticipates a recovery in the heating market due to policies aimed at stabilizing the real estate sector and increasing activity among commercial users[62]. - The company aims to strengthen its capital base and enhance its comprehensive competitiveness through reform and innovation[63]. - The company's total revenue target for 2023 is CNY 614 million, which is expected to remain stable compared to the previous year[64].

2022 年第三季度报告 证券代码：600719 证券简称：ST 热电 大连热电股份有限公司 2022 年第三季度报告 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、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三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 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上 | | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 年同期增减变 | 年初至报告期末 | 比上年同期增减 | | | | 动幅度(%) | | 变动幅度(%) | | 营业收入 | 1,493,042.79 | 35.74 | 415,470,745.52 | -2.47 | | 归属于上市 ...

Financial Performance - The company's operating revenue for the first half of 2022 was approximately RMB 413.98 million, a decrease of 2.57% compared to RMB 424.89 million in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2022 was approximately RMB 5.23 million, down 38.57% from RMB 8.52 million in the previous year[18]. - The basic earnings per share for the first half of 2022 were RMB 0.013, a decline of 38.10% from RMB 0.021 in the same period last year[19]. - The total revenue for the reporting period was 41,297 million RMB, a decrease of 871 million RMB compared to the previous year, while the total profit was 517 million RMB, down 629 million RMB year-on-year[25]. - Operating profit for the first half of 2022 was RMB 5,334,476.20, down 53.3% from RMB 11,426,990.74 in the same period of 2021[80]. - The total comprehensive income for the first half of 2022 was RMB 5,234,897.92, compared to RMB 8,521,199.83 in the first half of 2021, reflecting a decrease of 38.5%[81]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, reaching approximately RMB 326.71 million, compared to a negative cash flow of RMB 159.67 million in the same period last year, marking a 304.62% increase[18]. - The company reported a significant increase in cash flow from operating activities, reaching 326,708 million RMB, compared to a negative cash flow of 159,669 million RMB in the previous year, marking a 304.62% improvement[29]. - The company's cash and cash equivalents increased to RMB 469,361,939.73 from RMB 322,656,413.45 at the beginning of the period[71]. - The ending cash and cash equivalents balance increased to ¥465,832,199.73 from ¥381,630,302.56 year-on-year, reflecting a stronger liquidity position[87]. - Cash inflow from sales of goods and services was ¥286,031,161.11, up from ¥153,028,049.81 in the first half of 2021, marking an increase of approximately 87%[86]. Operational Highlights - The company operates in the urban heating sector, which is expected to grow significantly due to the government's focus on clean heating and the elimination of low-efficiency coal-fired heating enterprises[22]. - The company achieved a total electricity sales volume of 13,443 million kWh, a year-on-year decrease of 1,022 million kWh due to reduced heating demand and high coal prices[25]. - The company completed the heating area coverage of 1,783 million square meters, an increase of 5 million square meters year-on-year[25]. - The company has implemented effective safety and environmental management measures, maintaining a zero incidence rate for occupational diseases and environmental pollution events during the reporting period[27]. - The company has enhanced service quality through various initiatives, receiving positive feedback from users and local government[27]. Cost Management - The company reported a 9.26% increase in operating costs, totaling 341,532 million RMB, compared to 312,592 million RMB in the previous year[29]. - The company has seen a 36.87% reduction in management expenses, which decreased to 50,712 million RMB from 80,324 million RMB year-on-year[29]. - Total operating costs decreased to RMB 410,092,145.12 from RMB 415,942,872.97, reflecting a reduction of 1.9% year-over-year[79]. Asset Management - The company's total assets as of the end of the reporting period were approximately RMB 2.74 billion, a decrease of 2.67% from RMB 2.81 billion at the end of the previous year[18]. - Total assets at the end of the reporting period amounted to ¥2,737,000,000, with cash and cash equivalents constituting 17.16% of total assets, an increase of 45.47% compared to the previous year[31]. - Inventory decreased by 54.22% to ¥102,095,960.03, primarily due to the consumption of raw materials[31]. - The construction in progress increased by 59.08% to ¥759,366,162.28, reflecting investments in the Beihai expansion project[31]. Regulatory and Compliance Issues - The company has not proposed any profit distribution or capital reserve transfer plans during the reporting period[4]. - The company reported a non-operating fund occupation by its controlling shareholder, with an initial amount of CNY 193,757,107.11, which remained unchanged during the reporting period[52]. - The company and its controlling shareholder received administrative penalties from the China Securities Regulatory Commission, including a fine of CNY 1 million for the controlling shareholder and CNY 500,000 for the company[53]. - The company has implemented internal training and improved internal control systems to prevent similar incidents in the future[54]. Environmental Compliance - The North Sea Thermal Power Plant's emissions standards for 1-4 boilers are: particulate matter 10 mg/m³, SO₂ 35 mg/m³, NOx 50 mg/m³, with total allowable emissions in 2022 being 156.6 tons for particulate matter, 1,043.8 tons for SO₂, and 521.9 tons for NOx[42]. - In the first half of 2022, actual emissions from the North Sea Thermal Power Plant were: particulate matter 5.06 tons, SO₂ 10.93 tons, and NOx 27.21 tons, indicating compliance with the standards[42]. - The company has implemented measures to reduce carbon emissions, including seasonal shutdowns to decrease coal consumption[48]. Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders is 14,914[63]. - The largest shareholder, Dalian Thermal Power Group Co., Ltd., holds 133,133,784 shares, accounting for 32.91% of the total shares[65]. - The second-largest shareholder, Shanghai Xinghe Digital Investment Co., Ltd., holds 20,118,461 shares, representing 4.97% of the total shares[65]. Future Outlook and Challenges - The company faces ongoing challenges due to high coal prices, which continue to exert pressure on operational costs[28]. - The heating revenue is uncertain due to regional economic conditions and supply constraints, prompting the company to enhance market analysis and service quality[36]. - The company is increasing investments in clean heating technologies to meet stricter environmental standards, which may raise operational costs[36].

Financial Performance - In 2021, the company's operating revenue was approximately ¥659.68 million, a decrease of 2.16% compared to ¥674.24 million in 2020[20]. - The net profit attributable to shareholders was a loss of approximately ¥143.22 million, a significant decline from a profit of ¥9.66 million in 2020, representing a decrease of 1,582.86%[20]. - The net cash flow from operating activities was approximately ¥64.62 million, down 58.23% from ¥154.71 million in 2020[20]. - The basic earnings per share for 2021 was -¥0.354, a decrease of 1,575.00% compared to ¥0.024 in 2020[21]. - The weighted average return on equity was -21.35%, a decrease of 22.65 percentage points from 1.30% in 2020[21]. - The company reported a total non-operating loss of approximately 33.47 million in 2021, compared to a loss of 393,965 in 2020[28]. - The company achieved an operating revenue of RMB 660 million, a decline of 2.16% year-on-year, while the net profit was -RMB 143 million, a decrease of 1582.86% compared to the previous year[41]. - The company’s net profit decreased significantly, with undistributed profits showing a decline of 234.26% to -83.94 million RMB[56]. - The company reported a total of 2,803,196.88 RMB in profit distribution during the year[196]. Assets and Liabilities - The total assets at the end of 2021 were approximately ¥2.81 billion, an increase of 3.69% from ¥2.71 billion at the end of 2020[20]. - The net assets attributable to shareholders decreased by 19.70% to approximately ¥597.16 million from ¥743.61 million in 2020[20]. - The company's total assets reached RMB 2.81 billion, with a net asset total of RMB 597 million, reflecting a growth of 3.30% and a decrease of 19.70% respectively compared to the beginning of the year[41]. - Total liabilities reached RMB 2,213,174,997.98, up from RMB 1,966,771,605.51 in the previous year, indicating an increase of about 12.5%[168]. - The company's total equity attributable to shareholders decreased to RMB 597,158,063.30 from RMB 743,614,625.00, a decline of about 19.7%[169]. Operational Efficiency - The company reduced main equipment failure rates by 20% year-on-year, improving overall operational health[32]. - The company implemented a production model based on demand, achieving advanced heating consumption levels within the province[31]. - The company achieved a 100% completion rate for service requests and satisfaction rate in heating services, enhancing its brand influence in the region[33]. - The company is focusing on reducing losses and improving profitability by accelerating the construction of key projects in the heating business[70]. - The company optimized human resource allocation, reducing labor costs while maintaining operational efficiency[36]. Market and Industry Challenges - The company faced non-operating fund occupation by controlling shareholders and related parties[8]. - The company has outlined various industry and policy risks in its annual report, urging investors to pay attention to these risks[8]. - The company anticipates ongoing high commodity prices, particularly in coal, which will continue to challenge cost control[67]. - The company is facing risks related to rising raw material prices and market volatility in the heating sector, which may impact revenue stability[74]. Governance and Compliance - The company has improved its information disclosure quality, ensuring that reports are true, accurate, complete, timely, and fair, while actively disclosing industry information[78]. - The company signed a management entrustment agreement with its controlling shareholder, Dalian Thermal Power Group, to avoid competition, receiving a management fee of 3 million yuan per year[79]. - The company has established a comprehensive internal control system, which was approved by the board of directors, to ensure compliance with relevant laws and regulations[111]. - The internal control audit report indicated a significant deficiency in financial reporting controls, leading to a negative opinion from the auditing firm[112]. - The company has implemented measures to enhance governance and compliance, including training for directors and management on relevant laws and regulations[114]. Environmental Commitment - The actual emissions for particulate matter, SO₂, and NOx in 2021 were significantly below the allowed limits, demonstrating the company's commitment to environmental standards[116][117]. - The pollution control facilities at Beihai Thermal Power Plant 1-4 are operating stably, ensuring emissions meet ultra-low standards for particulate matter, sulfur dioxide, and nitrogen oxides[118]. - The company is committed to sustainability and is implementing initiatives to reduce its environmental impact[86]. - The company has increased coal procurement efforts to ensure sufficient reserves for winter heating, receiving commendation from local government for its contributions to energy security[125]. Human Resources - The company had a total of 749 employees, with 724 in the parent company and 25 in major subsidiaries[103]. - The workforce composition includes 598 production personnel, 18 sales personnel, 70 technical personnel, 11 financial personnel, and 52 administrative personnel[103]. - The company implemented a salary policy linking total wages to corporate performance, emphasizing fair and objective evaluations[104]. - In 2021, the company completed a professional question bank with 7,000 entries as part of its training program[105]. - The company achieved a 100% certification rate for special operations personnel in safety training[105]. Future Outlook - The company is focusing on the sustainable development of the heating industry, which is expected to grow steadily due to increasing urbanization and energy reforms[59]. - The company plans to enhance production efficiency and reserve development potential through the "steam to water" initiative, aiming for sustainable development[69]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[86]. - The company has set ambitious targets for revenue growth in the upcoming fiscal year, aiming for a significant increase compared to the previous year[86].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 390,706,744.44, representing a decrease of 2.69% compared to the same period last year[6]. - The net profit attributable to shareholders was CNY 38,590,001.91, down 11.30% year-on-year[6]. - The net profit after deducting non-recurring gains and losses was CNY 37,766,920.75, a decline of 28.76% compared to the previous year[6]. - Basic and diluted earnings per share were both CNY 0.095, down 12.04% year-on-year[7]. - The total comprehensive income for the first quarter of 2022 was CNY 38,590,001.91, compared to CNY 43,504,581.66 in the first quarter of 2021, representing a decrease of approximately 11.5%[20]. - Basic and diluted earnings per share for the first quarter of 2022 were both CNY 0.095, down from CNY 0.108 in the same period last year, indicating a decline of about 12.0%[20]. - Net profit for Q1 2022 was CNY 38,590,001.91, down 11.0% compared to CNY 43,504,581.66 in Q1 2021[19]. Cash Flow - The net cash flow from operating activities was negative CNY 98,496,984.52, a significant decrease of 267.67%[6]. - Cash inflows from operating activities totaled CNY 109,294,864.82 in Q1 2022, a decrease of approximately 16.8% from CNY 131,351,834.05 in Q1 2021[22]. - Cash outflows from operating activities increased to CNY 207,791,849.34 in Q1 2022, compared to CNY 158,141,587.48 in Q1 2021, reflecting a rise of about 31.3%[23]. - The net cash flow from operating activities was negative CNY 98,496,984.52 for Q1 2022, worsening from negative CNY 26,789,753.43 in Q1 2021[23]. - Cash and cash equivalents at the end of Q1 2022 were CNY 265,249,817.38, down from CNY 435,262,601.83 at the end of Q1 2021, a decrease of approximately 39.1%[24]. - Cash inflows from financing activities increased to CNY 367,140,000.00 in Q1 2022, compared to CNY 230,600,000.00 in Q1 2021, marking an increase of about 59.2%[23]. - The net cash flow from financing activities was CNY 87,550,514.66 in Q1 2022, significantly up from CNY 12,109,495.08 in Q1 2021, indicating a growth of approximately 622.5%[23]. - The company experienced a net decrease in cash and cash equivalents of CNY 57,406,596.07 in Q1 2022, an improvement compared to a net decrease of CNY 86,815,354.37 in Q1 2021[24]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,740,849,885.47, a decrease of 2.47% from the end of the previous year[7]. - The company's total assets decreased to CNY 2,740,849,885.47 from CNY 2,810,333,061.28, reflecting a decline of 2.5%[17]. - Current liabilities totaled CNY 1,272,765,355.03, a decrease of 7.7% from CNY 1,379,356,496.83 in the previous year[16]. - The company's total liabilities decreased to CNY 2,105,101,820.26 from CNY 2,213,174,997.98, a reduction of 4.9%[16]. - The company’s equity attributable to shareholders increased to CNY 635,748,065.21 from CNY 597,158,063.30, reflecting a growth of 6.5%[17]. - The company reported a significant increase in short-term borrowings to CNY 399,340,000.00, up from CNY 237,200,000.00, indicating a rise of 68.3%[16]. Production and Sales - The total electricity generated in Q1 2022 was 17,807,000 kWh, a decrease of 709,000 kWh compared to Q1 2021[12]. - The sales volume of steam was 187,026 tons, down 53,726 tons year-on-year due to reduced market demand[12]. - The company implemented measures to manage production based on demand, reducing coal consumption amid rising coal prices[12]. Operating Costs - Total operating revenue for Q1 2022 was CNY 390,706,744.44, a decrease of 2.0% from CNY 401,513,925.94 in Q1 2021[18]. - Total operating costs increased to CNY 351,688,205.23, up 4.2% from CNY 336,273,656.56 in the same period last year[18]. - The company incurred research and development expenses, although specific figures were not provided in the report[18].

Financial Performance - The company's operating revenue for the third quarter was CNY 1,099,920.40, a decrease of 20.99% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of CNY 49,912,118.26, down 17.29% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 36.51% year-on-year, amounting to a loss of CNY 50,024,423.01[5] - Basic earnings per share were CNY -0.123, a decrease of 32.47% year-on-year[5] - The total net profit for Q3 2021 was -41,390,918.43 RMB, compared to -31,064,553.15 RMB in Q3 2020, representing a year-over-year increase in net loss of approximately 33.5%[20] - The basic and diluted earnings per share for Q3 2021 were both -0.102 RMB, compared to -0.077 RMB in Q3 2020, indicating a decline in earnings per share[21] - The company reported a total comprehensive income of -41,390,918.43 RMB for Q3 2021, compared to -31,064,553.15 RMB in Q3 2020, indicating a worsening financial performance[21] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -292,314,069.98, a decline of 58.38% compared to the previous year[5] - Cash flow from operating activities for the first three quarters of 2021 was -292,314,069.98 RMB, compared to -184,567,668.49 RMB in the same period of 2020, reflecting a worsening cash flow situation[23] - The total cash inflow from financing activities in Q3 2021 was 775,600,000.00 RMB, down from 1,254,000,000.00 RMB in Q3 2020, showing a decrease of approximately 38%[23] - The net cash flow from financing activities for Q3 2021 was 181,722,114.59 RMB, compared to 562,832,959.18 RMB in Q3 2020, indicating a significant decline of about 67.7%[23] - The total cash and cash equivalents at the end of Q3 2021 were 252,846,681.40 RMB, down from 402,885,005.99 RMB at the end of Q3 2020, a decrease of approximately 37%[23] - The total operating cash inflow for the first three quarters of 2021 was 218,995,460.14 RMB, compared to 328,839,651.12 RMB in the same period of 2020, reflecting a decline of about 33.4%[22] - The total cash outflow from operating activities for the first three quarters of 2021 was 511,309,530.12 RMB, slightly down from 513,407,319.61 RMB in the same period of 2020[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,731,547,218.91, an increase of 0.78% from the end of the previous year[6] - The equity attributable to shareholders decreased by 6.00% to CNY 698,986,909.77 compared to the end of the previous year[6] - Total liabilities increased to CNY 2,032,560,309.14 from CNY 1,966,771,605.51, indicating a rise in financial obligations[16] - Current liabilities decreased to CNY 797,492,810.68 from CNY 1,078,687,575.04, suggesting improved short-term financial management[15] - Long-term borrowings rose significantly to CNY 1,198,600,000.00 from CNY 868,600,000.00, reflecting increased leverage[16] - Current assets totaled CNY 971,584,221.94 as of September 30, 2021, slightly up from CNY 971,341,332.76 at the end of 2020[14] - Non-current assets amounted to CNY 1,759,962,996.97, an increase from CNY 1,739,044,897.75 in the previous year[15] - Total assets reached CNY 2,731,547,218.91, compared to CNY 2,710,386,230.51 at the end of 2020, showing a growth in overall asset base[16] Operational Strategy and Maintenance - The company implemented a "production on demand" operational strategy to optimize economic performance during the reporting period[11] - Both the Beihai and Donghai power plants underwent full maintenance and inspection during the reporting period[12] Credit Quality - The company reported a net credit impairment loss of CNY 738,181.19, contrasting with a gain of CNY 89,936.34 in the previous year, indicating a deterioration in credit quality[19] Accounting Standards - The company has not applied the new leasing standards starting from 2021, indicating a potential area for future financial reporting adjustments[24]