Financial Performance - The company's operating revenue for Q1 2022 was CNY 46.78 billion, an increase of 19.83% compared to CNY 30.66 billion in the same period last year[4]. - Net profit attributable to shareholders decreased by 50.87% to CNY 1.04 billion from CNY 1.66 billion year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 26.31% to CNY 877 million from CNY 1.16 billion in the previous year[4]. - Basic and diluted earnings per share decreased by 49.57% to CNY 0.058 from CNY 0.090 year-on-year[4]. - Total profit for Q1 2022 was approximately ¥3.70 billion, a decrease of 22.7% compared to ¥4.79 billion in Q1 2021[21]. - Net profit for Q1 2022 was approximately ¥2.80 billion, down 27.6% from ¥3.86 billion in Q1 2021[21]. - Total comprehensive income for Q1 2022 was approximately ¥2.59 billion, a decrease of 34.8% from ¥3.98 billion in Q1 2021[22]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 3.49% to CNY 7.99 billion compared to CNY 6.66 billion in the same period last year[4]. - The company's operating cash flow for Q1 2022 was approximately ¥7.99 billion, an increase of 3.5% compared to ¥7.72 billion in Q1 2021[24]. - Cash inflow from operating activities totaled approximately ¥60.19 billion in Q1 2022, up from ¥45.90 billion in Q1 2021, marking a growth of 31.1%[23]. - Cash outflow from operating activities was approximately ¥52.20 billion in Q1 2022, compared to ¥38.17 billion in Q1 2021, an increase of 36.8%[24]. - The net increase in cash and cash equivalents for Q1 2022 was approximately ¥2.89 billion, compared to ¥1.25 billion in Q1 2021, representing a year-over-year increase of 130.0%[25]. - The total cash and cash equivalents at the end of Q1 2022 reached approximately ¥14.47 billion, up from ¥12.07 billion at the end of Q1 2021, indicating a growth of 20.0%[25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 401.31 billion, an increase of 0.82% from CNY 397.91 billion at the end of the previous year[4]. - The company's total liabilities amounted to ¥287,435,624,600.96 as of March 31, 2022, slightly up from ¥286,736,405,211.22 at the end of 2021[18]. - Total liabilities as of March 31, 2022, were approximately ¥75.80 billion, a slight decrease from ¥75.91 billion at the end of 2021, showing a reduction of 0.1%[28]. - The total equity attributable to shareholders reached ¥46,551,758,688.45, an increase from ¥45,898,223,028.81 in the previous quarter[18]. - The company's total equity stood at ¥36,791,806,338.32 as of January 1, 2022[40]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 544,884[9]. - The company reported a total of 9,038,709,571 shares held by the largest shareholder, the State Energy Investment Group, indicating significant ownership concentration[11]. Costs and Expenses - The total operating costs for Q1 2022 were ¥43,483,194,674.12, up from ¥35,184,925,266.71 in Q1 2021, reflecting a growth of 23.5%[19]. - Research and development expenses increased to ¥45,876,238.09 in Q1 2022, compared to ¥39,431,731.08 in Q1 2021, marking a rise of 16.2%[19]. - The financial expenses for Q1 2022 were ¥343,262,051.22, compared to ¥286,945,009.59 in Q1 2021, showing an increase of about 19.5%[29]. Inventory and Receivables - The company's inventory decreased to ¥5,354,973,463.28 from ¥7,254,000,640.87, showing a decline of about 26.2%[16]. - Accounts receivable increased to ¥21,320,687,797.86 from ¥20,440,118,771.63, indicating a growth of approximately 4.3%[14]. - The total receivables, including accounts receivable, amounted to RMB 20.44 billion, highlighting the company's credit management[33]. Investment and Development - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[36]. - The company reported investment income of ¥132,671,249.22 in Q1 2022, compared to ¥73,983,709.30 in Q1 2021, reflecting an increase of approximately 79.2%[29].

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥59.87 billion, representing a 13.86% increase compared to the same period last year[16]. - The net profit attributable to shareholders for the first half of 2021 was ¥2.06 billion, a significant turnaround from a loss of ¥1.76 billion in the same period last year, marking a 216.77% increase[16]. - Basic earnings per share for the first half of 2021 were ¥0.127, up 296.88% from ¥0.032 in the previous year[17]. - The weighted average return on net assets increased to 4.56%, up 3.345 percentage points from 1.21% in the same period last year[17]. - The net profit attributable to shareholders increased by 272.82% year-on-year, primarily due to profit growth in the new energy sector and reduced financial expenses from lower financing scale[19]. - Basic earnings per share rose by 296.88% year-on-year, driven by increased net profit and a reduction in shares outstanding due to stock repurchases[19]. - The company reported a significant increase in the basic earnings per share after deducting non-recurring gains and losses, which was ¥0.113 compared to a loss of ¥0.090 in the previous year, marking a 225.56% increase[17]. Assets and Liabilities - The total assets of the company as of the end of the reporting period were ¥345.03 billion, a decrease of 3.45% compared to the previous year[16]. - The company's net assets attributable to shareholders increased to ¥50.27 billion, reflecting a 0.57% increase from ¥49.98 billion at the end of the previous year[16]. - The total liabilities decreased from CNY 238.82 billion to CNY 225.39 billion, a reduction of approximately 5.5%[122]. - The company's total equity increased from CNY 118.54 billion to CNY 119.64 billion, an increase of about 0.9%[122]. Cash Flow - The net cash flow from operating activities for the first half of 2021 was ¥10.51 billion, down 21.94% from ¥13.46 billion in the same period last year[16]. - Cash and cash equivalents at the end of the period amounted to ¥12,098,427,722.32, a 28.34% increase from ¥9,426,990,221.84 at the end of the previous year[38]. - The company reported a cash inflow from investment activities of CNY 7,406,401,688.00, a significant increase from CNY 440,533,901.63 in the previous year[131]. - The total cash inflow from financing activities was 21,778,784,044.86 CNY, compared to 25,899,798,888.89 CNY in the same period last year[134]. Operational Highlights - As of June 30, 2021, the company's controlled installed capacity reached 82.3979 million kilowatts, with clean and renewable energy accounting for 27.16% of the total[22]. - The company completed a total power generation of 177.952 billion kilowatt-hours in the first half of 2021, representing a year-on-year growth of 14.26%[26]. - The average on-grid electricity price was CNY 349.35 per MWh, a decrease of CNY 7.20 per MWh compared to the previous year[32]. - The company is actively developing large offshore wind power projects and promoting significant growth in the renewable energy sector[27]. Environmental Responsibility - The company reported that all major power plants met environmental standards for pollutant emissions, with specific SO2 emissions ranging from 0.03 to 0.08 g/kWh across various plants[63]. - The company has implemented ultra-low emission modifications for all operational units, achieving world-class pollutant emission control levels[71]. - The company is committed to reducing carbon emissions and enhancing ecological governance through coordinated pollution reduction and carbon reduction efforts[72]. - The company has established emergency response plans for environmental incidents across all its coal-fired enterprises[67]. Corporate Governance - The company has appointed new executives, including a new chairman and general manager, to strengthen leadership and governance[56]. - The company’s board of directors underwent significant changes, with multiple resignations and appointments in June 2021[58]. - The company confirmed that all emissions from its facilities are in compliance with the relevant permits and standards[63]. - The company has not reported any significant related party transactions during the reporting period[91]. Strategic Initiatives - The company is focusing on digital adaptation to enhance its ability to respond to market changes and improve profitability in the face of increasing market competition[50]. - The company plans to optimize its coal power structure and enhance flexibility to adapt to new carbon trading policies, aiming for high-quality development in the coal power sector[49]. - The company is committed to promoting the integration of renewable energy projects and enhancing energy storage capabilities to support sustainable development[49]. - The company plans to gradually integrate conventional energy generation assets into Guodian Power, with priority rights for project development and management granted to Guodian Power[75]. Risks and Challenges - The company faces risks from the ongoing COVID-19 pandemic, with potential impacts on domestic economic recovery, electricity demand, and supply chains[49]. - The coal market is experiencing high prices due to tight supply, with historical highs reached in the first half of the year; however, prices are expected to decline in the second half while remaining volatile[51]. - The electricity market is transitioning to a spot market, which will increase operational challenges for power generation units, necessitating improved management and efficiency[52]. Shareholder Information - The largest shareholder, State Energy Investment Group, holds 9,038,709,571 shares, representing 46.00% of total shares[98]. - The company completed a share repurchase of 740,382,832 shares, representing 3.77% of the total share capital, at an average price of RMB 2.16 per share, totaling RMB 159,904.10 million[95]. - The company has a total of 542,807 ordinary shareholders as of the end of the reporting period[97]. - China Securities Finance Corporation reduced its holdings by 62,210,300 shares, now holding 896,934,967 shares, which is 4.56%[98]. Financial Instruments and Reporting - The company recognizes revenue when control of goods is transferred to customers, ensuring contracts meet specific criteria[199]. - The company employs the percentage-of-completion method for service revenue when the completion progress can be reliably determined[200]. - The company recognizes financial liabilities at initial recognition as either measured at fair value with changes recognized in profit or loss or other financial liabilities[164]. - The company assesses expected credit losses for receivables based on their credit risk characteristics, categorizing them into different groups[169].