Financial Performance - Net profit attributable to shareholders rose by 79.02% to CNY 842.66 million year-on-year[9] - Operating revenue grew by 22.96% to CNY 7.40 billion compared to the same period last year[9] - Operating profit and total profit grew by 84% year-on-year; net profit attributable to shareholders increased by 79%, and basic earnings per share rose by 50%[15] - The company reported a net profit increase, with retained earnings rising to ¥5,724,061,399.35 from ¥4,881,403,611.35, reflecting a growth of about 17.3%[24] - Net profit for the current period was ¥1,508,056,428.79, a significant increase of 78.3% from ¥844,520,094.37 in the previous period[29] - The company’s total profit for the current period was ¥1,726,160,784.61, an increase of 83.6% from ¥940,059,626.99 in the previous period[29] Cash Flow - Net cash flow from operating activities increased by 26.55% to CNY 3.70 billion year-on-year[9] - Cash flow from operating activities totaled ¥8,066,870,618.94, an increase from ¥7,072,054,042.13 in the previous period[33] - The net cash flow from operating activities was -33,581,909.78 RMB, compared to -21,328,634.13 RMB in the previous period, indicating a decline in operational cash generation[36] - The net cash flow from investing activities was -157,537,848.00 RMB, a significant improvement from -620,090,148.21 RMB in the prior period, reflecting better investment management[37] - The net cash flow from financing activities increased to 1,771,140,241.48 RMB, up from 654,720,736.68 RMB, showing enhanced capital raising efforts[38] Assets and Liabilities - Total assets increased by 2.41% to CNY 163.41 billion compared to the end of the previous year[9] - Total current assets increased to ¥13,022,634,372.93 from ¥10,232,184,920.65, representing a growth of approximately 27.4%[22] - Total non-current assets reached ¥150,388,142,350.34, up from ¥149,326,581,083.56, reflecting a growth of approximately 0.7%[23] - Total liabilities increased to ¥128,168,931,506.93 from ¥125,824,977,216.66, marking a rise of about 1.1%[24] - Total equity attributable to shareholders grew to ¥19,302,579,215.09 from ¥18,459,921,427.09, an increase of approximately 4.5%[24] Cash Management - Cash and cash equivalents at the end of the period increased by 47% due to the issuance of corporate bonds[14] - Cash and cash equivalents rose significantly to ¥5,852,475,023.34 from ¥3,994,354,964.99, a growth of about 46.4%[22] - The company reported a cash increase of 1,580,020,483.70 RMB during the period, compared to 13,301,954.34 RMB previously, highlighting improved cash management[38] - The cash balance at the beginning of the period was 345,288,636.95 RMB, compared to 248,367,459.92 RMB, showing a stronger starting position for cash management[38] Operational Highlights - The company expects a significant increase in cumulative net profit compared to the same period last year, driven by lower coal procurement prices and improved performance from newly operational hydropower units[18] - The average on-grid electricity price for Guotou Dazhaoshan benefited from favorable pricing policies in Yunnan Province, exceeding last year's levels[15] - The company plans to gradually implement a specific operational plan for integrating its independent power generation assets into the company[18] - The company anticipates enhanced profitability for thermal power enterprises due to declining coal prices[18] - The new hydropower units from the Jinguang power group are expected to significantly boost hydropower performance year-on-year[18] Shareholder Information - The number of shareholders reached 93,411 at the end of the reporting period[11]

Financial Performance - The company achieved a net profit of 3.305 billion RMB, representing a profit growth of 213%[3]. - The company's operating revenue for 2013 was ¥28,338,981,085.05, an increase of 18.74% compared to ¥23,867,007,746.38 in 2012[33]. - The net profit attributable to shareholders for 2013 was ¥3,305,278,967.24, representing a significant increase of 213.61% from ¥1,053,949,166.11 in 2012[33]. - The net cash flow from operating activities reached ¥15,197,612,776.08, up 76.59% from ¥8,606,379,058.28 in the previous year[33]. - The company's operating revenue reached 28.339 billion RMB, an increase of 18.74% year-on-year, while the net profit attributable to shareholders was 3.305 billion RMB, up 213.61%[44]. - In 2013, the company's total profit reached 6.579 billion yuan, an increase of 4.261 billion yuan, representing a growth of 183.82% compared to 2012[69]. - The company's operating revenue in the electricity sector was 26.4448 billion yuan, an increase of 5.4556 billion yuan, or 25.99% year-on-year[73]. - The gross profit margin for the electricity sector was 43.03%, reflecting a slight increase of 14.83 percentage points year-on-year[72]. Capacity and Production - The installed capacity increased by 37%, reflecting the company's strong operational performance[3]. - The company achieved a total power generation of 93.069 billion kWh and on-grid power of 89.981 billion kWh, representing year-on-year growth of 30.32% and 30.96% respectively[44]. - The company completed the installation of 6.03 million kW of new capacity, bringing the total installed capacity to 26.873 million kW, a year-on-year increase of 37.22%[48]. - The company plans to achieve a power generation volume of 109.7 billion kWh in 2014, with a target of commissioning over 2.4 million kW of installed capacity[103]. Investments and Acquisitions - The company completed the acquisition of Phase I of Meizhou Bay and exited from certain wind power projects to enhance development potential[4]. - The company acquired 17.47% equity in Jiangsu Ligang and 9.17% equity in Jiangyin Ligang, with the investment income from these acquisitions starting from January 1, 2013[127]. - The company reported a total investment of CNY 878.41 million in 2013, a decrease of 66.43% compared to the previous year[83]. - The company’s investment in infrastructure projects, such as the Yalong River Hydropower, amounted to 28,800 million RMB with a loan term of 5 years at an interest rate of 6.90%[22]. Cash Flow and Dividends - A cash dividend of 0.14613 RMB per share is proposed, totaling approximately 991.64 million RMB, which accounts for 30% of the annual net profit[9]. - The company’s cash flow from operating activities increased by 76.59% year-on-year, reaching 15.198 billion RMB[54]. - The company distributed a total cash dividend of 316,192,945.3 RMB, accounting for 30% of the annual net profit for 2012[156]. - The company proposed a cash dividend policy that requires a minimum of 30% of the average distributable profit over the last three years to be distributed in cash[118]. Operational Strategy - The company plans to ensure the commissioning of 4 new units and aims for a total of 6 units in the upcoming year[4]. - The company will focus on the construction of three coastal thermal power bases in Tianjin, Fujian, and Guangxi[4]. - The company is focusing on optimizing its coal-fired power generation and expanding its hydropower projects, particularly in the Yalong River area[101]. - The company anticipates a 7.0% growth in national electricity consumption in 2014, with average utilization hours for coal-fired power plants expected to exceed 5,100 hours[99]. Risk Management - The company faces risks from fluctuating coal prices, which could impact the profitability of its coal-fired power generation units, accounting for 41.2% of its installed capacity[112]. - The company is committed to enhancing its internal control systems and improving management efficiency to ensure stable growth in operating performance[105]. - The company will actively monitor policy changes and market conditions to adjust its project planning and execution strategies accordingly[111]. Corporate Governance - The company has undergone significant leadership changes, indicating a potential shift in strategic direction and operational focus[180]. - The company emphasizes the importance of corporate governance and has made changes to its board structure to enhance oversight and management effectiveness[178]. - The company has a diverse board composition with both male and female directors, including independent directors[176]. - The company is actively engaging in corporate governance reforms to align with best practices in the industry[182]. Employee and Management - The total number of employees in the parent company is 75, while the total number of employees in major subsidiaries is 7,657, resulting in a combined total of 7,732 employees[194]. - The company has implemented a talent strategy focused on enhancing the professional and international capabilities of its workforce[196]. - The company actively supports employees in participating in various training programs to enhance their professional skills and qualifications[196]. - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 7.1837 million yuan[191].