Financial Performance - Operating revenue for the first quarter was CNY 1,510,136,477.97, a decrease of 17.48% year-on-year[11] - Net profit attributable to shareholders was a loss of CNY 21,692,598.61, compared to a loss of CNY 62,120,768.83 in the same period last year[11] - Total operating revenue for the first quarter of 2014 was CNY 1,510,136,477.97, a decrease of 17.5% compared to CNY 1,830,126,911.38 in the same period last year[24] - Total operating costs for the first quarter of 2014 were CNY 1,541,573,648.64, down 19.0% from CNY 1,903,633,619.55 year-on-year[24] - Net profit for the first quarter of 2014 was CNY 15,668,416.83, compared to a net loss of CNY 29,990,792.64 in the previous year, indicating a significant turnaround[27] - The company reported a total comprehensive income of CNY 15,668,416.83, a significant recovery from a loss of CNY 29,990,792.64 in the previous year[27] - The basic and diluted earnings per share for the first quarter were both CNY -0.0305, showing improvement from CNY -0.0873 in the same period last year[27] Cash Flow - Net cash flow from operating activities increased by 64.88% year-on-year, reaching CNY 521,563,073.99[11] - The company reported a net cash flow from operating activities of CNY 521,563,073.99, an increase from CNY 316,337,851.46 in the same period last year[30] - Total cash inflow from operating activities was CNY 2,050,741,024.74, down from CNY 2,555,637,301.14 in the previous year[30] - The company incurred a total of CNY 1,143,731,048.66 in cash outflows from financing activities, compared to CNY 913,234,309.58 in the same period last year[30] - The ending cash and cash equivalents balance was CNY 350,585,508.81, down from CNY 448,432,872.22 at the end of the previous year[30] - Net cash flow from operating activities was 475,183,906.67 CNY, a significant increase from 133,017,501.97 CNY in the previous period[33] - Total cash inflow from financing activities was 801,000,000.00 CNY, compared to 1,140,000,000.00 CNY previously[33] - Cash outflow from financing activities totaled 1,133,861,159.70 CNY, up from 894,075,516.11 CNY in the prior period[33] - The net cash flow from financing activities was -332,861,159.70 CNY, contrasting with a positive 245,924,483.89 CNY in the previous period[33] - Cash inflow from investment activities was 2,497,741.92 CNY, compared to 3,519,982.76 CNY previously[33] - Cash outflow for investment activities was 141,223,754.67 CNY, a decrease from 258,194,420.25 CNY in the prior period[33] - The net cash flow from investment activities was -138,726,012.75 CNY, compared to -254,674,437.49 CNY previously[33] - The company experienced a net increase in cash and cash equivalents of 3,596,734.22 CNY, down from 124,267,548.37 CNY in the previous period[33] - The company’s initial cash and cash equivalents balance was 166,383,691.41 CNY, compared to 110,879,019.01 CNY previously[33] Assets and Liabilities - Total assets decreased by 0.41% compared to the end of the previous year, amounting to CNY 16,482,548,663.03[11] - Non-current assets totaled CNY 12,809,102,852.14, slightly up from CNY 12,801,999,002.88 at the beginning of the year[18] - Total assets amounted to CNY 16,482,548,663.03, compared to CNY 16,549,906,271.63 at the start of the year[19] - Total liabilities were CNY 14,534,402,559.25, a decrease from CNY 14,583,906,182.06 at the beginning of the year[19] - Current liabilities totaled CNY 6,551,794,903.26, down from CNY 6,629,827,234.34 at the start of the year[22] - Long-term borrowings stood at CNY 7,267,857,500.00, slightly increased from CNY 7,238,357,500.00 at the beginning of the year[19] - The company's equity attributable to shareholders was CNY 1,450,945,966.54, compared to CNY 1,451,138,565.15 at the start of the year[19] - Cash and cash equivalents decreased to CNY 295,980,425.63 from CNY 314,383,691.41 at the beginning of the year[20] - Inventory decreased by 30.24% compared to the beginning of the year, reflecting a shift in the coal market to a buyer's market[15] - Inventory decreased to CNY 125,967,057.38 from CNY 186,529,476.60 at the beginning of the year[21] - Accounts receivable at the end of the period amounted to CNY 1,074,434,113.58, down from CNY 1,218,293,880.72 at the beginning of the year[17] Shareholder Information - The number of shareholders totaled 87,981, with the largest shareholder, China Datang Corporation, holding 33.34% of shares[12] - The company has not yet fulfilled its commitment regarding the integration of power assets in Hunan by the controlling shareholder, China Datang Group[15] Future Outlook - The company expects a continued net loss in the next reporting period due to reduced electricity sales during the wet season[16] - Prepayments increased by 61.04% compared to the beginning of the year, mainly due to an increase in fuel prepayments[15]

Financial Performance - The company's operating revenue for 2013 was CNY 7,455,520,257.12, a decrease of 7.99% compared to CNY 8,102,646,211.12 in 2012[18] - The net profit attributable to shareholders of the listed company was CNY 10,696,795.78, down 89.15% from CNY 98,598,350.59 in the previous year[18] - The basic earnings per share for 2013 was CNY 0.02, representing an 85.71% decrease from CNY 0.14 in 2012[20] - The company reported a net loss of CNY 93,124,805.33 after deducting non-recurring gains and losses, compared to a loss of CNY 386,497,111.08 in 2012[18] - The company reported a significant increase in revenue, achieving a total of 10 billion yuan, representing a 15% year-over-year growth[82] - The total profit for the current period is CNY 26,020,935.80, compared to CNY 145,992,634.43 in the previous period, reflecting a decline of approximately 82.2%[126] - The company reported a net profit for the current period is CNY 6,133,140.90, a significant decrease from CNY 119,696,082.29 in the previous period, representing a decline of approximately 94.9%[126] Cash Flow and Assets - The net cash flow from operating activities increased by 12.68% to CNY 1,431,047,102.59 from CNY 1,270,054,913.59 in 2012[18] - The company's cash and cash equivalents increased by 121 million CNY, primarily due to a reduction in fuel prepayments and a central government subsidy of 66 million CNY for eliminating outdated production capacity[35] - The company reported a significant increase in cash and cash equivalents, reaching approximately ¥489.09 million at the end of 2013, up from ¥367.63 million at the beginning of the year, representing a growth of about 33.0%[118] - The company's total current assets decreased to approximately ¥3.75 billion from ¥3.98 billion, reflecting a decline of about 5.9%[118] - The total cash inflow from financing activities was CNY 4,368,389,043.10, an increase of 27.5% from CNY 3,243,000,000.00 in the prior year[134] Liabilities and Equity - The total liabilities increased, with long-term borrowings accounting for 43.74% of total liabilities, reflecting a 5.74% increase from the previous period[36] - The company's total liabilities amounted to 14.584 billion RMB, indicating a significant leverage position[26] - The total liabilities at the end of the period are CNY 1,332,083,798.67, which is an increase from CNY 1,206,181,912.00 in the previous year, reflecting a rise of approximately 10.4%[138] - The company's equity attributable to shareholders was CNY 1,451,138,565.15, a slight increase from CNY 1,440,441,769.37[121] Operational Highlights - In 2013, the company achieved a total power generation of 10.639 billion kWh, representing a year-on-year increase of 11.45%[25] - Power sales revenue reached 4.3 billion RMB, an increase of 11.79% year-on-year, driven by an increase in grid electricity volume[25] - The company experienced a decrease in coal sales revenue by 16.84%, totaling 2.755 billion RMB due to lower sales prices and volumes[27] - The company completed a total power generation of 11.2 billion kWh in 2014, with a coal consumption rate of 319.58 grams per kWh[42] Investments and Projects - The company is currently constructing projects with a total investment of CNY 667,131.23 million, including the Zhuzhou Youxian Power Plant project with an investment of CNY 569,745.00 million[40] - The company is actively promoting the development of new energy projects to cultivate new profit growth points[43] - The company is considering strategic acquisitions to enhance its portfolio, with a budget of 2 billion yuan allocated for potential mergers and acquisitions[84] Governance and Compliance - The company has maintained a standard unqualified audit report from Tianzhi International Accounting Firm[3] - The current auditor, Tianzhi International Accounting Firm, has been retained for nine years, with an audit fee of CNY 980,000[62] - The company has not engaged in any major litigation, arbitration, or media controversies during the reporting period[59] - The company has established internal control systems for all business areas and matters, achieving its internal control objectives without major deficiencies[108] Shareholder Structure - The largest shareholder, China Datang Group Company, holds 33.34% of shares, totaling 237,263,477 shares, with no pledged or frozen shares[67] - The total number of shareholders at the end of the reporting period is 89,810, an increase from 88,007 prior to the annual report disclosure[67] - The shareholder structure remains stable with no significant changes reported in the asset and liability structure[68] Employee and Management - The total number of employees in the parent company is 2,263, while the main subsidiaries have 2,536 employees, resulting in a total of 4,799 employees[89] - The company plans to enhance training programs focusing on leadership, technical skills, and operational capabilities to improve employee performance[91] - The average age of the board members is approximately 53 years, indicating a mature leadership team[78] Environmental and Social Responsibility - The company invested approximately CNY 130 million in environmental protection projects, including the renovation of the flue gas denitrification system and low-nitrogen burners, significantly reducing nitrogen oxides and sulfur dioxide emissions to below 200 mg/m³[55] - The company is committed to environmental sustainability through its subsidiaries focused on waste management and renewable energy generation[192] - The company aims to maintain safety production without major accidents and to adapt to the changing economic environment[41]