Financial Performance - In 2018, the company achieved a net profit attributable to shareholders of 2,706,870.20 CNY, a decrease of 19.36% compared to 2017[5]. - The total operating revenue for 2018 was 730,810,808.13 CNY, reflecting a decline of 6.55% from the previous year[20]. - Basic earnings per share for 2018 were 0.007 CNY, down 12.50% from 0.008 CNY in 2017[21]. - The weighted average return on net assets was 0.37%, a decrease of 0.09 percentage points from the previous year[21]. - The company reported a significant increase in net profit attributable to shareholders after deducting non-recurring gains and losses, reaching 5,094,400.21 CNY, compared to a loss of 4,930,496.73 CNY in 2017[20]. - The net profit for 2018 was 2.71 million RMB, representing a year-on-year decline of 19.36%[35]. - The total profit fell by 48.95% to ¥4,600,358.57, down from ¥9,011,533.54 in the previous year[36]. - The company reported a net profit margin decline due to reduced operating revenue, impacting overall profitability[146]. Cash Flow and Investments - The net cash flow from operating activities was -86,121,951.74 CNY, a significant decrease of 262.79% compared to 2017[20]. - Investment activities generated a net cash outflow of -¥269,304,842.53, a 136.93% increase in outflow from -¥113,664,061.66[45]. - Financing activities resulted in a net cash inflow of ¥355,550,234.48, a significant increase of 455.90% from ¥63,959,039.07[45]. - The cash outflow for purchasing goods and services was 660,298,712.29 RMB, compared to 692,149,464.21 RMB in the previous year, reflecting a decrease of approximately 4.6%[154]. - The cash inflow from operating activities totaled 759,783,561.61 RMB, a decrease from 811,153,965.72 RMB in the previous year, representing a decline of approximately 6.3%[155]. Assets and Liabilities - Total assets increased by 30.96% year-on-year, reaching 2,064,579,556.07 CNY at the end of 2018[20]. - The total liabilities rose to CNY 1,336,230,146.36, up from CNY 849,667,632.06, indicating a 57.3% increase[142]. - The company's total equity reached CNY 728,349,409.71, slightly up from CNY 726,856,338.31, reflecting a growth of 0.2%[142]. - Short-term borrowings increased significantly to CNY 560,000,000.00 from CNY 280,275,000.00, marking a 100% rise[143]. - The total current assets increased to ¥636,510,463.68 from ¥440,917,535.32, reflecting a growth of approximately 44.4% year-over-year[141]. Operational Highlights - The company completed a total electricity generation of 443.67 million kWh, a decrease of 8.292 million kWh year-on-year, primarily due to low temperatures in the first quarter and high coal prices in the fourth quarter[35]. - The total steam sales volume for the year was 652,000 tons, a slight decrease of 0.6 million tons year-on-year, attributed to higher temperatures in the fourth quarter[35]. - The area charged for heating services reached 16.77 million square meters, an increase of 390,000 square meters year-on-year[35]. - The company has focused on upgrading heat sources and enhancing production efficiency, including the completion of desulfurization modifications at the Beihai Power Plant[28]. - The company is actively developing clean heating technologies and has initiated various pilot projects for renewable energy applications[29]. Shareholder Information - The company proposed a cash dividend of 0.05 CNY per share, totaling 2,022,998 CNY for distribution to shareholders[5]. - The total number of ordinary shareholders increased from 22,008 to 23,128 during the reporting period[94]. - The largest shareholder, Dalian Thermal Power Group Co., Ltd., holds 133,133,784 shares, representing 32.91% of total shares, with 16,000,000 shares frozen[96]. - Wang Kaiguo, a significant shareholder, increased his holdings by 7,389,244 shares, totaling 17,463,919 shares, which is 4.32% of total shares[96]. Risk Management - The company has outlined various risks including industry and policy risks in its annual report, urging investors to pay attention[7]. - The company faces risks from fluctuating raw material prices, particularly coal, which may negatively impact production cost control[61]. - Environmental protection investments are expected to increase, leading to higher operational cost pressures due to the need for significant fixed asset investments[61]. - The company is committed to addressing aging equipment risks through regular maintenance and upgrades, which may incur rising costs[61]. Corporate Governance - The company has engaged Zhongzhun Accounting Firm for auditing services, with a fee of 50,000 RMB for a two-year term[71]. - The company has ensured compliance with corporate governance standards, maintaining independence from its controlling shareholder[120]. - The board of directors held 5 meetings during the year, with 2 conducted in person and 3 via communication methods[124]. - The internal control audit report issued by Zhongzhun Accounting Firm provided a standard unqualified opinion, indicating no significant deficiencies in internal controls[128]. Environmental Compliance - In 2018, the actual emissions from the Beihai Power Plant were 30.52 tons of smoke, 43.41 tons of sulfur dioxide, and 226.08 tons of nitrogen oxides, all below the allowed limits[83]. - The Beihai Power Plant's NOx emissions have been stabilized below 50mg/m3 after the 2018 boiler renovation, meeting ultra-low emission standards[85]. - The company has not incurred any environmental fines in 2018, indicating effective compliance with environmental regulations[86]. - The company continues to prioritize green and clean production, focusing on resource conservation and environmental protection through technological innovation[81].

2018 年第三季度报告 公司代码：600719 公司简称：大连热电 大连热电股份有限公司 2018 年第三季度报告 1 / 19 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 公司经营性信息分析 | 5 | | 四、 | 重要事项 | 6 | | 五、 | 附录 | 8 | 2018 年第三季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 本报告期末 上年度末 本报告期末比上年度 末增减(%) 总资产 1,650,582,980.38 1,576,523,970.37 4.70 归属于上市公司股东的 净资产 691,709,500.40 726,856,338.31 -4.84 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减(%) 经营活动产生的现金流 量净额 -291,308,830.34 -48,052,868.01 -506.23 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减 （%） 营业收入 ...

Financial Performance - The company's operating revenue for the first half of 2018 was approximately RMB 484.17 million, a decrease of 1.00% compared to RMB 489.07 million in the same period last year[16]. - The net profit attributable to shareholders for the first half of 2018 was approximately RMB 11.49 million, representing a decline of 30.59% from RMB 16.56 million in the previous year[16]. - The basic earnings per share for the first half of 2018 were RMB 0.028, down 31.71% from RMB 0.041 in the same period last year[17]. - The company reported a main business revenue of 482 million RMB, an increase of 37.41 million RMB year-on-year, driven by higher steam and hot water sales and increased heating area[25]. - The company’s net profit for the reporting period was 17.23 million RMB, a decrease of 548,000 RMB or 24% year-on-year[26]. - The company reported a net profit of RMB 63,231,002.88, up from RMB 52,953,308.33, indicating an increase of approximately 19.5%[69]. - The total profit amounted to CNY 23,505,445.36, up from CNY 22,324,653.98, reflecting a year-over-year growth of 5.3%[77]. - The net profit for the period was CNY 18,391,668.98, representing a 13.0% increase from CNY 16,271,130.21 in the previous year[77]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at approximately RMB -199.88 million, a significant decrease compared to RMB -7.17 million in the same period last year, indicating a decline of 2,688.88%[16]. - The company’s cash flow from operating activities showed a net outflow of 199.88 million RMB, a significant decrease compared to the previous year[30]. - Cash inflows from operating activities totaled CNY 246,997,781.91, down 29.7% from CNY 351,909,206.25 in the previous year[79]. - Cash outflows from operating activities were CNY 446,880,037.03, an increase of 24.4% compared to CNY 359,076,333.74 in the same period last year[80]. - The net cash flow from financing activities was CNY 270,235,760.79, compared to 49,896,402.76 in the previous year, indicating a substantial increase[81]. - The ending cash and cash equivalents balance was CNY 94,934,625.50, up from CNY 30,673,938.46 at the end of the previous period[81]. - The total cash outflow for financing activities was 279,764,239.21 RMB, compared to 20,378,597.24 RMB in the previous period, indicating a significant increase in cash outflow by approximately 1375.5%[84]. - The company reported a net increase in cash and cash equivalents of 35,180,537.58 RMB, contrasting with a decrease of 108,666.56 RMB in the previous period[84]. Assets and Liabilities - The total assets at the end of the reporting period were approximately RMB 1.59 billion, an increase of 0.65% from RMB 1.58 billion at the end of the previous year[16]. - The total assets as of June 30, 2018, amounted to CNY 1,535,610,491.51, an increase from CNY 1,481,696,129.49 at the end of the previous period[72]. - Total liabilities increased to CNY 799,743,993.65 from CNY 763,007,501.81 year-on-year[72]. - The company’s short-term borrowings increased by 64.12% to 460 million RMB, aimed at supplementing liquidity[32]. - The company has a bank loan balance of RMB 560 million at the end of the reporting period, which is used to supplement working capital[49]. - The company’s total assets included accounts receivable of 24.86 million RMB, down 68.76% from the previous period due to increased collection efforts[32]. - Current assets totaled RMB 414,322,323.08, down from RMB 440,917,535.32 at the start of the period, reflecting a decrease of approximately 6.5%[67]. - Total liabilities were reported at RMB 849,626,429.12, showing a slight decrease from RMB 849,667,632.06[68]. Market Position and Strategy - The company is focusing on clean energy technologies, including electric boilers and biomass boilers, to align with national energy-saving and emission-reduction policies[22]. - The company aims to strengthen its market position by continuously introducing new technologies and projects in the energy sector[23]. - The company is actively researching new energy technologies, including "large temperature difference heating" and "coal-to-gas" technologies, to support its energy strategy[28]. - The company signed new development contracts for 740,000 square meters in the main urban area, indicating steady market expansion despite tightening real estate policies[27]. Environmental and Regulatory Compliance - The company is responding to the national policy of promoting clean energy and has made significant progress in environmental upgrades of existing coal-fired boilers[23]. - The company’s subsidiaries, Beihai and Donghai Thermal Power Plants, are key monitoring units for air pollutants and have obtained discharge permits, meeting national and local standards[50]. - All environmental protection devices at the company’s thermal power plants have been put into operation as required, with good operational results[52]. - The company has installed desulfurization, denitrification, and dust removal devices at its thermal power plants in compliance with environmental protection requirements[52]. - Environmental policy risks are heightened as the government emphasizes low emissions, leading to potential new investments and restructuring in the coal power sector[36]. Related Party Transactions - The company has proposed to increase the annual related party transaction limit by 15 million yuan, reflecting ongoing operational adjustments[43]. - The company has reported a total of 52,830.19 yuan in related party transactions, which accounted for 100% of similar transactions, indicating a reliance on related party services[45]. - The company has no significant impact on its operating results and financial status from related party debts and credits[48]. Shareholder Information - The company has 23,318 common stock shareholders as of the end of the reporting period[59]. - The largest shareholder, Dalian Thermal Power Group Co., Ltd., holds 133,133,784 shares, accounting for 32.91% of the total shares[61]. - The company has no changes in its total number of shares and share structure during the reporting period[57]. Accounting Policies and Financial Reporting - There are no significant changes in accounting policies or estimates compared to the previous accounting period[56]. - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations[99]. - The accounting policies comply with the relevant enterprise accounting standards, ensuring accurate financial reporting[101]. - The company recognizes impairment losses for financial assets based on objective evidence, including severe financial difficulties of the issuer or debtor, and defaults on interest or principal payments[127]. Risks and Challenges - The company faces significant risks including raw material price fluctuations, particularly in coal, which remains a major cost component, with prices expected to remain high due to industry consolidation and capacity reduction[36]. - Since 2018, loan interest rates have increased by 5-10%, raising financing costs and difficulties for the company[37]. - The company is actively coordinating with local government to advance the planning and implementation of heat source plant integration and renovation projects due to aging equipment and safety concerns[37].

Financial Performance - Operating revenue for the first quarter was CNY 441,484,016.80, reflecting a growth of 2.08% year-on-year[5] - Net profit attributable to shareholders decreased by 8.30% to CNY 52,720,735.18 compared to the same period last year[5] - The company reported a net profit increase of 99.47% year-on-year, reaching 105,620,298.23 CNY due to a peak production and sales season[17] - The company’s basic earnings per share decreased by 8.45% to CNY 0.130[5] - Net profit for Q1 2018 was CNY 52,666,989.90, a decrease of 8.99% from CNY 57,395,883.12 in the previous year[24] - The total operating profit for Q1 2018 was approximately ¥77.83 million, an increase from ¥76.34 million in the same period last year, representing a growth of 1.95%[28] - The net profit for Q1 2018 reached ¥58.85 million, compared to ¥57.28 million in Q1 2017, marking an increase of 2.73%[28] - The basic and diluted earnings per share for Q1 2018 were both ¥0.145, up from ¥0.142 in the previous year, indicating a growth of 2.11%[28] Cash Flow - The company experienced a significant decline in cash flow from operating activities, with a net cash flow of -CNY 108,480,792.72, a decrease of 927.96% year-on-year[5] - Cash flow from operating activities showed a significant decline, with a net cash outflow of -10,848,000 CNY, a decrease of 928.25% compared to the previous period[16] - Cash inflow from operating activities totaled ¥171.14 million, down from ¥235.21 million in the previous year, reflecting a decrease of 27.29%[30] - Cash outflow from operating activities was ¥279.62 million, compared to ¥245.76 million in the same period last year, an increase of 13.77%[30] - The net cash flow from operating activities was negative at approximately -¥108.48 million, worsening from -¥10.55 million in Q1 2017[30] - Cash inflow from financing activities was ¥260 million, significantly higher than ¥30.28 million in the previous year, representing an increase of 759.57%[32] - The net cash flow from financing activities was ¥126.02 million, compared to ¥17.93 million in the same period last year, indicating an increase of 600.66%[32] - The company reported a net cash increase of ¥644,349.69 for the quarter, contrasting with a decrease of -¥17.42 million in the same period last year[32] Assets and Liabilities - Total assets increased by 1.19% to CNY 1,595,313,579.56 compared to the end of the previous year[5] - The company’s total assets reached 1,595,313,579.56 CNY, up from 1,576,523,970.37 CNY at the beginning of the year[17] - Total liabilities for Q1 2018 were CNY 753,893,479.18, a slight decrease from CNY 763,007,501.81 in the previous year[21] - The company's total equity increased to CNY 777,535,790.34 from CNY 718,688,627.68, marking a growth of 8.17% year-over-year[21] - The company’s current liabilities decreased to 740,130,457.05 CNY from 821,963,993.61 CNY, indicating improved liquidity management[16] Sales and Market Performance - Steam sales volume increased by 2.74% to 427,797 tons, attributed to higher demand from existing users and new customers[11] - Total electricity generation decreased by 5.96% to 27,181,000 kWh, primarily due to low-temperature weather affecting operations[10] - New product launches contributed to a 20% increase in sales in the consumer electronics segment[37] - Market expansion efforts in Europe resulted in a 25% increase in market share over the last year[37] - Customer retention rate increased to 85%, up from 80% in the previous quarter, reflecting improved customer satisfaction[37] Investments and Future Outlook - The company invested $200 million in R&D for new technologies, aiming to enhance product features and user experience[37] - The company completed the acquisition of a smaller tech firm for $300 million, expected to enhance its product offerings[37] - The company plans to enter the Asian market by Q1 2024, targeting a revenue contribution of $1 billion within the first year[37] - The company provided guidance for Q4 2023, expecting revenue to be between $5.5 billion and $5.7 billion, reflecting a potential growth of 6% to 10%[37] Expenses and Financial Changes - Sales expenses increased by 95.35% to 84,000 CNY due to an increase in the number of sales personnel[15] - The company recorded an asset impairment loss of 206,000 CNY, a 112.37% increase, attributed to aging accounts receivable[15] - The company reported a financial expense of CNY 558,014.56, compared to a financial income of CNY -39,126.91 in the previous year, indicating a significant change in financial performance[24] - Operating margin improved to 30%, up from 28% in the previous quarter, indicating better cost management[37]

Financial Performance - In 2017, the company achieved a total operating revenue of RMB 782,018,705.22, representing a year-on-year increase of 10.55% compared to RMB 707,391,860.23 in 2016[20] - The net profit attributable to shareholders of the listed company for 2017 was RMB 3,356,808.84, a significant decrease of 75.31% from RMB 13,593,176.06 in 2016[20] - The basic earnings per share for 2017 was RMB 0.008, down 76.47% from RMB 0.034 in 2016[21] - The weighted average return on equity for 2017 was 0.46%, a decrease of 1.42 percentage points from 1.88% in 2016[21] - The company reported a net loss of RMB 4,930,496.73 attributable to shareholders after deducting non-recurring gains and losses, an improvement of 68.25% compared to a loss of RMB 15,530,131.01 in 2016[20] - Net profit for the period was 3.36 million RMB, a decrease of 75.31% compared to the previous year, primarily due to rising coal prices and reduced government subsidies[35] Cash Flow and Assets - The operating cash flow net amount for 2017 was RMB 52,902,794.92, an increase of 35.28% from RMB 39,105,910.55 in 2016[20] - The total assets of the company at the end of 2017 were RMB 1,576,523,970.37, a decrease of 5.30% from RMB 1,664,816,771.71 in 2016[20] - The company’s cash and cash equivalents decreased by 53.15% to RMB 107,405,958.79 from RMB 229,236,137.51 in the previous period[45] - The total amount of related party transactions reached RMB 3,796,850.19, accounting for 0.84% of similar transactions[77] - Total current assets decreased from CNY 616.68 million to CNY 440.92 million, a decline of approximately 28.5%[137] - Cash and cash equivalents dropped from CNY 229.24 million to CNY 107.41 million, a decrease of about 53.2%[137] Operational Highlights - The total heating area charged reached 16.38 million square meters, with a year-on-year growth of 4.8%[35] - The company sold 657,000 tons of industrial steam, reflecting a year-on-year decline of 2.3%[35] - The company implemented cost control measures, resulting in a 13% reduction in raw coal consumption and a 7.4% decrease in heating power consumption[33] - The company expanded its market by signing contracts for new heating areas totaling 1.8 million square meters despite a downturn in the real estate sector[34] - The company’s biomass boiler renovation projects increased its new energy heating area to 200,000 square meters[33] Market and Strategic Initiatives - The company plans to focus on developing clean energy and enhancing energy efficiency, aligning with national strategies for renewable energy[58] - The company aims to expand its market presence by improving service quality and actively seeking new customers in response to economic growth in Dalian[56] - The company has initiated a strategic plan that includes market development, technological innovation, and corporate restructuring to transition from a public service model to a competitive one[58] - The company is actively pursuing the integration of new energy sources and restructuring to meet urban development needs and enhance service capabilities[58] Governance and Management - The company has committed to resolving potential competition issues with its controlling shareholder, with a restructuring plan to be initiated in 2018 and completed by June 2019[70] - The management team includes key personnel such as Shao Yang as Chairman and General Manager, and Tian Luwei as General Manager, indicating stability in leadership[100] - The company has maintained a consistent management structure with several executives holding positions since 2016, ensuring continuity in strategic direction[100] - The company executed a performance-based salary system, linking compensation to corporate performance and implementing various incentive mechanisms[108] Risks and Challenges - The company has outlined various industry and policy risks in its annual report, advising investors to pay attention to these risks[7] - The company is facing risks from rising raw material prices, particularly coal, and plans to mitigate this through various cost control measures[64] - The company is also exposed to market risks due to an oversupply in the electricity market in Liaoning Province, which may compress its power generation indicators[64] Compliance and Reporting - The company has not encountered any situations that would lead to a risk of suspension or termination of its listing[74] - The company has not disclosed any significant related party transactions that have not been previously announced[75] - The internal control audit report issued by Zhongzhun Accounting Firm provided a standard unqualified opinion[121] - The company has established a fair and transparent performance evaluation and incentive mechanism for senior management[120]

2017 年第三季度报告 公司代码：600719 公司简称：大连热电 大连热电股份有限公司 2017 年第三季度报告 1 / 21 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 公司经营性信息分析 | 7 | | 四、 | 重要事项 | 7 | | 五、 | 附录 | 9 | 2017 年第三季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 1,292,607,493.11 1,664,816,771.71 -22.36 归属于上市公司 股东的净资产 698,385,615.49 727,950,125.07 -4.06 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减(%) 经营活动产生的 现金流量净额 -48,052,868.01 -100,533,687.64 52.20 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期 ...

Financial Performance - The company's operating revenue for the first half of 2017 was approximately RMB 489.07 million, representing a 24.13% increase compared to RMB 393.99 million in the same period last year[16]. - The net profit attributable to shareholders for the first half of 2017 was approximately RMB 16.56 million, a decrease of 38.62% from RMB 26.97 million in the previous year[16]. - Basic earnings per share for the first half of 2017 were RMB 0.041, a decrease of 38.81% compared to RMB 0.067 in the same period last year[17]. - The company reported a consolidated revenue of 445 million RMB, an increase of 55.73 million RMB or 24.13% year-on-year[29]. - The total profit for the current period was ¥22,717,568.65, a decrease of 35.0% from ¥34,980,277.66 in the previous period[69]. - Operating profit decreased to ¥21,999,216.49, down 38.1% from ¥35,578,966.01 year-over-year[68]. Cash Flow and Liquidity - The net cash flow from operating activities was negative RMB 7.17 million, showing a significant improvement of 89.28% compared to negative RMB 66.84 million in the same period last year[16]. - The company’s cash and cash equivalents decreased by 69.50% to 69.91 million RMB, primarily due to the payment of due bills[31]. - Cash and cash equivalents at the end of the period totaled CNY 69,905,937.34, down from CNY 229,236,137.51 at the beginning of the period, representing a decrease of approximately 69.5%[184]. - Operating cash inflow totaled CNY 358,203,379.25, an increase from CNY 261,394,264.51 in the previous period, representing a growth of approximately 37%[78]. - Net cash flow from operating activities was CNY 21,602,726.24, a significant improvement compared to a net outflow of CNY -34,249,636.47 in the same period last year[78]. Assets and Liabilities - The total assets at the end of the reporting period were approximately RMB 1.36 billion, down 18.18% from RMB 1.66 billion at the end of the previous year[16]. - The total current assets decreased from 616,675,463.24 RMB to 261,565,248.45 RMB[62]. - Total liabilities decreased from CNY 936,866,646.64 to CNY 622,106,290.67, a reduction of about 33.6%[66]. - The company’s total liabilities increased due to higher borrowing, with CNY 70,275,000.00 received from loans, compared to CNY 40,000,000.00 previously[76]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 30,024[54]. - The largest shareholder, Dalian Thermal Power Group Co., Ltd., held 133,133,784 shares, representing 32.91% of total shares, with 16,000,000 shares frozen[56]. - Wang Kaiguo reduced his holdings by 6,585,028 shares, ending with 12,344,613 shares, which is 3.05% of total shares[56]. Operational Highlights - The company achieved a total electricity generation of 27,148 million kWh, a decrease of 559 million kWh or 2.0% year-on-year, completing 49.1% of the annual plan[25]. - Steam sales volume reached 460,000 tons, an increase of 66,000 tons or 16.6% year-on-year, completing 61.6% of the annual plan[25]. - The company expanded its heating service area to 12.9 million square meters, an increase of 1.72 million square meters or 15.4% year-on-year[25]. Risk Factors - The company faces risks from raw material price fluctuations, particularly coal, which significantly impacts operational costs[37]. - The company anticipates challenges in the electricity market due to an oversupply situation in Liaoning Province, affecting revenue[37]. - The company has detailed descriptions of industry risks and policy risks in the annual report, which investors should pay attention to[4]. Accounting Policies - The financial statements are prepared in accordance with the enterprise accounting standards, ensuring a true and complete reflection of the company's financial status[100]. - The company has not made any changes to its accounting policies or estimates compared to the previous accounting period[51]. - The company recognizes revenue from the sale of goods when the main risks and rewards of ownership have been transferred to the buyer, and the amount can be reliably measured[164]. Employee and Management Information - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[47]. - The company appointed Zhongzhun Accounting Firm as the auditor for the 2017 fiscal year, with an audit fee of RMB 650,000[43]. Legal and Compliance - The company is involved in a significant lawsuit with Hunan Xiangda Environmental Engineering Co., with a claim amount of RMB 3.315 million[44]. - The company has not experienced any major litigation or arbitration matters during the reporting period[43].

2017 年第一季度报告 公司代码：600719 公司简称：大连热电 大连热电股份有限公司 2017 年第一季度报告 1 / 18 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 公司经营性信息分析 | 6 | | 四、 | 重要事项 | 7 | | 五、 | 附录 | 8 | 2017 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | --- | --- | --- | --- | --- | | | | | 减(%) | | | 总资产 | 1,626,160,872.44 | 1,664,816,771.71 | | -2.32 | | 归属于上市公司 | 785,346,008.19 | 727,950,125.07 | | 7.88 | | 股东的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生的 | -10,553,038.98 | -43, ...

Financial Performance - In 2016, the company achieved a net profit attributable to shareholders of RMB 13,593,176.06, an increase of 27.74% compared to RMB 10,641,392.55 in 2015[3]. - The total revenue for 2016 was RMB 707,391,860.23, reflecting a growth of 3.36% from RMB 684,373,986.22 in 2015[17]. - The basic earnings per share for 2016 was RMB 0.034, representing a 30.77% increase from RMB 0.026 in 2015[17]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, with a loss of RMB 15,530,131.01 compared to a profit of RMB 18,476,077.23 in 2015, a decrease of 184.06%[17]. - The company achieved an operating revenue of 707.39 million RMB, an increase of 3.4% year-on-year, while net profit reached 13.59 million RMB, up 27.7% compared to the previous year[37]. - The company reported a total profit for the current period of ¥18,291,645.67, compared to ¥16,062,315.71 in the previous period, marking a 13.8% increase[139]. Cash Flow and Financial Position - The company's net cash flow from operating activities decreased by 64.93% to RMB 39,105,910.55 from RMB 111,517,638.99 in 2015[17]. - The company's cash flow from operating activities decreased to CNY 39,105,910.55 from CNY 111,517,638.99, representing a decline of about 65.01%[144]. - The company's cash and cash equivalents decreased by 14.56% to ¥229.24 million, influenced by increased prepayments[50]. - The total current assets at the end of 2016 amounted to CNY 616,675,463.24, an increase from CNY 527,397,385.94 at the beginning of the year, reflecting a growth of approximately 16.7%[131]. - Cash and cash equivalents decreased from CNY 268,288,781.39 to CNY 229,236,137.51, representing a decline of about 14.6%[131]. - The total equity attributable to the parent company at the end of the period was CNY 718,402,945.01, showing an increase from the previous year's balance[151]. Assets and Liabilities - The total assets of the company at the end of 2016 were RMB 1,664,816,771.71, an increase of 13.53% compared to RMB 1,466,373,684.53 at the end of 2015[17]. - Current liabilities rose to CNY 910,315,185.53, compared to CNY 724,424,304.26, marking an increase of approximately 25.7%[132]. - The company's total liabilities reached CNY 936,866,646.64, up from CNY 747,970,739.52, indicating a growth of around 25.2%[133]. - Non-current assets totaled CNY 1,048,141,308.47, an increase from CNY 938,976,298.59, reflecting a growth of about 11.7%[132]. Dividends and Shareholder Information - The company plans to distribute a cash dividend of RMB 0.11 per 10 shares, totaling RMB 4,450,595.60, with a remaining undistributed profit of RMB 50,753,647.34[3]. - In 2016, the company distributed a cash dividend of 0.11 yuan per share, with a payout ratio of 32.74% of the net profit attributable to ordinary shareholders[71]. - The total number of common stock shareholders at the end of the reporting period was 26,062, an increase from 24,535 at the end of the previous month[90]. Strategic Focus and Market Position - The company aims to transition from a traditional "cogeneration operator" to a "high-efficiency clean energy comprehensive operator," focusing on clean and efficient energy solutions[24]. - The company has a competitive advantage due to its resource acquisition and market dominance in the core urban heating sector, ensuring stable demand[27]. - The company is actively pursuing innovation in clean energy technologies to enhance its market position and operational efficiency[27]. - The company plans to enhance its market presence by expanding heating services and increasing thermal product sales[48]. Environmental and Regulatory Compliance - The company successfully reduced sulfur dioxide emissions by 5,219 tons and nitrogen oxides by 1,726 tons, achieving compliance with environmental standards[35]. - The company has outlined various industry and policy risks in its annual report, advising investors to pay attention to these risks[4]. - The company has actively complied with national laws and regulations, contributing to social development and environmental protection[87]. Management and Governance - The company has maintained compliance with corporate governance regulations, ensuring efficient operation of the shareholder, board, and supervisory meetings[116]. - The management team remains stable, with no significant changes in personnel reported during the year[104]. - The company has established a talent training plan to enhance its technical system and support business growth[112]. Risks and Challenges - The company faces environmental risks due to increasing national emission standards and regulatory pressures, leading to potential additional investments and rising operational costs[67]. - Fluctuations in coal prices are anticipated as the coal industry undergoes capacity reduction, which may significantly increase raw coal procurement costs and pressure the company's operating performance[67]. - The electricity market in Liaoning Province is currently oversupplied, creating volatility risks in the average utilization hours of the company's power generation equipment, which could impact profitability[67].

Financial Performance - Net profit attributable to shareholders decreased by 10.79% to CNY -18,245,863.81 for the year-to-date period[6] - Operating revenue for the year-to-date period decreased by 4.19% to CNY 436,537,072.44 compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses decreased by 21.54% to CNY -15,663,598.52 for the year-to-date period[6] - The net profit for the period was -18.25 million RMB, with a significant decrease in cash flow from operating activities by 159.63%[15] - Year-to-date net profit from January to September was -18,245,863.81, compared to -16,468,440.25 in the previous year, indicating a worsening of losses[30] - The net profit for Q3 was -45,218,433.39, slightly improved from -45,601,284.88 in the same quarter last year, indicating a reduction in losses[30] - The company reported a total profit loss of -52,878,478.11 for Q3, slightly better than -55,324,654.22 in the previous year, indicating a reduction in overall losses[29] Assets and Liabilities - Total assets decreased by 14.81% to CNY 1,249,221,940.57 compared to the end of the previous year[6] - Current liabilities decreased from CNY 724,424,304.26 to CNY 531,779,546.97, a reduction of about 26.6%[22] - Non-current liabilities decreased from CNY 23,546,435.26 to CNY 21,331,308.40, a decline of approximately 9.4%[22] - Total equity decreased from CNY 718,402,945.01 to CNY 696,111,085.20, a decrease of about 3.1%[23] - Total liabilities decreased from CNY 747,970,739.52 to CNY 553,110,855.37, a reduction of about 26%[26] Cash Flow - Net cash flow from operating activities decreased by 159.65% to CNY -100,533,687.64 for the year-to-date period[6] - Cash inflows from operating activities totaled 379,624,291.17 RMB, an increase from 346,628,551.44 RMB year-over-year[36] - Cash outflows from operating activities amounted to 480,157,978.81 RMB, compared to 385,346,767.96 RMB in the same period last year, resulting in a net cash flow from operating activities of -100,533,687.64 RMB[36] - The net increase in cash and cash equivalents was -108,455,176.17 RMB, compared to -37,645,754.42 RMB in the previous year[37] - The ending balance of cash and cash equivalents was 46,369,268.66 RMB, down from 71,714,948.13 RMB year-over-year[37] Shareholder Information - The total number of shareholders is 27,183[11] - The top shareholder, Dalian Thermal Power Group Co., Ltd., holds 133,133,784 shares, representing 32.91% of total shares, with 16,000,000 shares frozen[11] Operational Metrics - In Q3 2016, the total electricity generation was 4,428,000 MWh, an increase of 402,000 MWh or 9.1% year-on-year[12] - The total electricity sold was 3,417,000 MWh, up by 302,000 MWh or 8.8% compared to the same period last year[12] - Steam sales volume reached 30,940 tons in Q3 2016, reflecting a year-on-year increase of 6,031 tons or 24.2%[13] - The heating area served increased to 11.17 million square meters, a growth of 27,000 square meters or 2.4% year-on-year[13] Changes in Financial Position - Cash and cash equivalents decreased by 63.61% from the beginning of the year, totaling 9,762,000 RMB[15] - Cash and cash equivalents decreased from CNY 217,483,070.44 to CNY 86,645,996.83, a decline of approximately 60.2%[24] - Accounts receivable decreased from CNY 82,880,683.94 to CNY 40,750,804.61, a reduction of about 50.9%[24] - Inventory decreased from CNY 75,428,268.93 to CNY 18,239,839.10, a decline of approximately 75.8%[24] - Unappropriated profits decreased from CNY 48,962,061.15 to CNY 26,670,201.34, a decline of approximately 45.5%[23] Revenue and Costs - Total operating revenue for Q3 was 42,542,264.47, a significant increase from 18,426,867.96 in the same period last year, representing a growth of approximately 131.5%[28] - Total operating costs for Q3 amounted to 93,399,401.68, compared to 73,218,879.11 in the previous year, reflecting an increase of about 27.6%[28] - Year-to-date operating revenue from January to September was 436,537,072.44, down from 455,643,009.93 in the same period last year, a decrease of approximately 4.8%[28] - The company incurred financial expenses of -2,792,873.18 in Q3, compared to 1,753,288.04 in the same period last year, reflecting a significant change in financial costs[29]