Financial Performance - The total operating revenue for Huadian Energy in 2013 was CNY 10,237,921,991.49, a decrease of 5.88% compared to CNY 10,877,411,069.61 in 2012[21]. - The net profit attributable to shareholders of the listed company was CNY 14,251,366.18, a significant recovery from a loss of CNY 455,116,828.26 in 2012[21]. - The net cash flow from operating activities increased by 36.42% to CNY 2,301,920,870.03 from CNY 1,687,349,278.00 in the previous year[21]. - The total assets of the company at the end of 2013 were CNY 23,548,414,921.22, reflecting a 1.70% increase from CNY 23,155,090,993.22 in 2012[21]. - The company's net assets attributable to shareholders were CNY 2,976,095,319.79, showing a slight increase of 0.04% compared to CNY 2,974,847,456.31 in 2012[21]. - The basic earnings per share for 2013 were CNY 0.0072, recovering from a loss of CNY 0.2314 in 2012[21]. - The weighted average return on equity was 0.48%, an increase of 14.74 percentage points from -14.26% in the previous year[21]. - The company achieved operating revenue of CNY 10.238 billion in 2013, completing 82.56% of the board's target of CNY 12.401 billion, and a decrease of 5.88% from CNY 10.877 billion in 2012[25][27]. - Net profit for 2013 was CNY 14.251 million, a significant increase of 103.13% compared to a net loss of CNY 455.116 million in the previous year[25][28]. Operational Highlights - The total power generation of the company's wholly-owned and controlled power plants was 25.862 billion kWh, a decrease of 11.6% year-on-year, primarily due to slow regional electricity demand growth and an oversupply of electricity[26]. - The company’s heating revenue reached CNY 1.34519 billion, an increase of CNY 52.35 million, mainly due to a 3.9 CNY/GJ increase in the heating price[28]. - The company’s operating cash flow net amount was CNY 2.302 billion, an increase of 36.42% from CNY 1.687 billion in the previous year[28]. - Research and development expenses totaled CNY 32.439 million, representing 0.91% of net assets and 0.32% of operating revenue[33]. - The top five customers accounted for 79.93% of the company's total operating revenue, with Heilongjiang Electric Power Co., Ltd. alone contributing 75.88%[30]. - The company’s main suppliers accounted for 68.86% of total procurement costs, with the top supplier, Harbin Railway Fuel Coal Industry Group Co., Ltd., contributing 20.72%[32]. Financial Position - The company's total liabilities increased by 47.99% for accounts payable, primarily due to increased fuel payments[38]. - The company issued medium-term bonds, resulting in a 100% increase in payable bonds to 2,360,262,777.78 CNY[38]. - The company's intangible assets grew by 30.44% to 1,093,941,407.65 CNY, mainly due to the purchase of capacity from decommissioned units[38]. - The company reported a net profit of 1,715 million RMB for the year, with total assets amounting to 44,771 million RMB[46]. - The company’s total investment in non-fundraising projects during the reporting period was 686,868 million RMB[49]. Strategic Initiatives - The company aims to achieve a sales revenue of CNY 12.149 billion and a power generation of 24.925 billion kWh in the upcoming year[59]. - The company plans to reduce comprehensive power coal consumption to 327.43 grams/kWh and maintain a comprehensive plant electricity rate of 9.31%[59]. - The company is actively pursuing the exploration rights for the Fushun Hongsheng coalfield, aligning with its resource-driven strategy[53]. - The company is focusing on enhancing its management and operational efficiency to achieve profitability and reduce historical burdens[55]. - The company plans to strengthen its coal management and actively seek favorable policies to increase revenue and reduce costs[55]. Environmental Compliance - The total sulfur dioxide emissions for 2013 were 49,400 tons, a reduction of 8,600 tons compared to 2012, while nitrogen oxides emissions were 114,900 tons, down by 22,400 tons[69]. - The company has completed desulfurization upgrades on 8 units and denitrification upgrades on 5 units, enhancing its environmental compliance[68]. - The company has installed continuous emissions monitoring systems (CEMS) on all 35 thermal power units to ensure real-time emissions tracking[68]. Corporate Governance - The company has a board of 15 directors, including 5 independent directors, ensuring compliance with legal procedures and effective governance[113]. - The company has established a monitoring system for insider information, with no violations reported during the reporting period[114]. - The company held multiple shareholder meetings throughout 2013, with all proposed resolutions being passed[116]. - The independent directors did not raise any objections to the board resolutions or other matters during the reporting period[118]. Employee Management - The total number of employees in the parent company is 9,548, while the total number of employees in major subsidiaries is 5,359, resulting in a combined total of 14,907 employees[107]. - The employee training rate has reached over 80%, indicating a strong commitment to employee development[109]. - The company has implemented two salary policies: position salary point system and position skill salary system, linking employee compensation to job value and performance[107]. Financial Reporting - The financial statements include a consolidated balance sheet and income statement for the year ended December 31, 2013[128]. - The audit opinion confirmed that the financial statements fairly reflect the company's financial position as of December 31, 2013, and its operating results for the year[126]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that financial statements reflect the true financial condition and operating results[165].

Financial Performance - Net profit attributable to shareholders increased by 181.24% to CNY 295,340,970.53 compared to the same period last year[9] - Total profit for the current period increased by 136.78% to CNY 371,397,117.44 compared to CNY 156,855,212.19 in the previous period[16] - Net profit rose by 152.21% to CNY 345,645,377.01 from CNY 137,048,666.38 year-on-year[16] - Basic earnings per share increased by 200.00% to CNY 0.15[9] - Operating profit rose to ¥340,272,844.88 from ¥131,930,188.20, marking an increase of approximately 157.5%[29] Revenue and Cash Flow - Revenue decreased by 2.33% to CNY 2,870,620,739.18 compared to the same period last year[9] - Operating cash flow increased by 65.14% to CNY 875,057,036.87 compared to the same period last year[9] - Cash inflow from operating activities totaled CNY 1,985,373,330.03, down from CNY 2,152,311,237.85, indicating a decline in sales revenue[40] - Cash flow from operating activities generated ¥875,057,036.87, compared to ¥529,902,997.35, an increase of approximately 65%[36] Assets and Liabilities - Total assets increased by 2.38% to CNY 24,108,157,817.15 compared to the end of the previous year[9] - The total assets of the company amounted to CNY 24,108,157,817.15, an increase from CNY 23,548,414,921.22 at the beginning of the year[23] - Total liabilities slightly increased to ¥15,073,729,876.44 from ¥15,042,646,887.75, showing a marginal rise of about 0.21%[27] Shareholder Information - The total number of shareholders reached 215,845, with 142,579 holding A shares and 73,266 holding B shares[12] - The largest shareholder, China Huadian Corporation, holds 44.80% of the shares[11] Investment and Expenses - Investment income surged by 163.13% to CNY 1,275,482.70, primarily due to increased net profit from an associated company[15] - Operating expenses increased by 275.84% to CNY 64,988.19, mainly due to tax penalties incurred during the reporting period[16] - The company’s total operating costs decreased to ¥2,531,623,377.00 from ¥2,807,568,735.85, a reduction of about 9.8%[29] Cash Management - Cash and cash equivalents at the end of the period were CNY 2,642,563,511.23, up from CNY 2,339,261,246.07 at the beginning of the year[21] - The ending cash and cash equivalents balance increased to CNY 2,022,190,862.41 from CNY 1,509,147,992.78, reflecting a net increase of CNY 79,689,378.53[41] - The company raised CNY 1,655,000,000.00 through borrowings, a substantial increase from CNY 462,437,027.01 in the prior period, enhancing liquidity[37] Future Outlook - The company forecasts a slight profit for the first half of 2014, indicating a potential turnaround from previous losses[18] - The company has received approval for the expansion project of its wholly-owned power plant, indicating plans for market expansion[17]