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宁波能源(600982) - 2016 Q3 - 季度财报
2016-10-30 16:00
Financial Performance - Operating revenue decreased by 2.95% to CNY 806,901,488.41 for the period from January to September[5] - Net profit attributable to shareholders decreased by 37.08% to CNY 51,740,348.78 for the same period[5] - Basic earnings per share decreased by 37.06% to CNY 0.0693[5] - Total operating revenue for the third quarter was approximately $282.21 million, a decrease of 31.9% compared to $414.69 million in the same period last year[31] - Total operating costs were approximately $276.46 million, down 34.7% from $423.20 million year-over-year[31] - Operating profit for the quarter was approximately $18.69 million, an increase of 54.5% compared to $12.10 million in the same quarter last year[32] - Net profit for the third quarter was approximately $15.95 million, up 50.5% from $10.60 million in the same period last year[32] - The company reported a total profit of approximately $21.06 million, an increase of 50.3% from $14.00 million year-over-year[32] - Comprehensive income for the quarter was approximately $12.38 million, a significant improvement from a loss of $67.02 million in the same period last year[33] Cash Flow and Liquidity - Net cash flow from operating activities showed a significant decline of 437.43%, resulting in a negative cash flow of CNY -173,448,882.97[5] - Cash and cash equivalents decreased by 59.55% to ¥455,861,602.02 from ¥1,126,964,151.54, primarily due to increased investment and procurement costs[13] - Cash and cash equivalents dropped to CNY 97,402,641.47 from CNY 761,709,180.27, a decrease of approximately 87.2%[26] - The company reported a net cash flow from operating activities of -¥173,448,882.97, a significant decline compared to a positive cash flow of ¥51,403,641.14 in the same period last year[39] - Investment activities generated a net cash outflow of -¥548,649,131.74, compared to a net inflow of ¥104,789,405.98 in the same period last year[40] - Operating cash inflow for the year-to-date period (January to September) was $609.14 million, a decrease of 63.7% compared to $1.68 billion in the same period last year[43] - Net cash flow from operating activities was -$635.72 million, contrasting with a positive cash flow of $193.18 million in the previous year[43] - The net increase in cash and cash equivalents was -$664.31 million, a significant decline from a positive increase of $94.52 million in the same period last year[44] - The ending balance of cash and cash equivalents was $97.40 million, down from $808.53 million year-over-year, representing a decrease of 87.9%[44] Assets and Liabilities - Total assets increased by 5.50% to CNY 3,461,298,843.85 compared to the end of the previous year[5] - Total assets increased to CNY 3,461,298,843.85 from CNY 3,280,701,624.53, representing a growth of approximately 5.5% year-over-year[22] - Non-current liabilities decreased to CNY 410,179,810.95 from CNY 420,960,021.58, a decline of about 2%[23] - Current liabilities rose significantly to CNY 441,550,179.47 from CNY 235,731,964.23, marking an increase of approximately 87.3%[22] - The total liabilities increased to CNY 851,729,990.42 from CNY 656,691,985.81, reflecting a growth of around 29.6%[23] - Owner's equity decreased slightly to CNY 2,609,568,853.43 from CNY 2,624,009,638.72, a reduction of about 0.5%[23] - The company reported a total current asset of CNY 1,596,907,241.09, down from CNY 1,637,072,079.07, a decline of approximately 2.5%[26] - The company’s retained earnings decreased to CNY 451,275,307.14 from CNY 451,820,058.36, a decline of approximately 0.1%[23] Shareholder Information - The number of shareholders reached 51,878 by the end of the reporting period[9] - The largest shareholder, Ningbo Development Investment Group Co., Ltd., holds 30.67% of the shares, totaling 229,094,597 shares[9] Investment and Growth Strategies - The company is actively promoting a restructuring plan involving the acquisition of assets and raising supporting funds[16] - The company has committed to integrating heating supply business and will prioritize investment opportunities in new heating sources and pipeline construction[17] - Future outlook indicates a commitment to market expansion and potential new product development initiatives to drive revenue growth[31] Other Financial Metrics - Non-recurring gains and losses totaled CNY 7,611,960.17 for the current period[7] - Financial expenses reported a significant decrease of 375.70%, reflecting reduced interest income from raised funds[14] - Investment income decreased by 73.60% to ¥28,350,473.20 from ¥107,401,627.34, mainly due to reduced returns from financial investments[14] - The company recorded investment income of approximately $9.99 million, down 59.6% from $24.75 million in the same quarter last year[31] - The company’s management expenses increased to ¥13,717,168.60, up from ¥9,798,170.75 in the previous year, reflecting a 39.5% rise[35] - The company reported investment income of ¥17,622,181.44 for the first nine months, down from ¥20,352,712.30 in the same period last year[35] - The company’s operating profit for the first nine months was ¥37,861,710.34, an increase of 11.1% from ¥33,998,066.82 in the previous year[35]
宁波能源(600982) - 2016 Q2 - 季度财报
2016-08-22 16:00
Financial Performance - The company's operating revenue for the first half of 2016 was approximately ¥524.69 million, representing a 25.91% increase compared to ¥416.72 million in the same period last year[24]. - The net profit attributable to shareholders for the first half of 2016 was approximately ¥37.88 million, a decrease of 49.44% from ¥74.91 million in the same period last year[24]. - The basic earnings per share for the first half of 2016 was ¥0.0507, down 49.45% from ¥0.1003 in the same period last year[23]. - The weighted average return on net assets decreased to 1.56%, down 1.56 percentage points from 3.12% in the same period last year[23]. - The net cash flow from operating activities for the first half of 2016 was approximately -¥154.70 million, compared to -¥164.66 million in the same period last year[24]. - The total operating revenue reached 524,688.61 million RMB, reflecting a growth of 25.91% compared to the previous year[29]. - The net profit attributable to shareholders decreased by 49.44% to 37,875.70 million RMB[29]. - The comprehensive income total for the first half of 2016 was CNY 42,613,286.92, significantly lower than CNY 152,930,034.08 in the previous year[126]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥3.28 billion, an increase of 3.71% from ¥3.40 billion at the end of the previous year[24]. - The total liabilities increased to ¥788,011,397.42 from ¥656,691,985.81, a rise of about 20%[116]. - The net assets attributable to shareholders at the end of the reporting period were approximately ¥2.42 billion, a slight decrease of 0.72% from ¥2.44 billion at the end of the previous year[24]. - The company's total assets increased to ¥3,402,349,223.06 from ¥3,280,701,624.53, reflecting a growth of approximately 3.7%[117]. - The total equity decreased to ¥2,614,337,825.64 from ¥2,624,009,638.72, a decline of approximately 0.4%[117]. Cash Flow - The net cash flow from operating activities was negative CNY 154,702,008.69, slightly improved from negative CNY 164,662,665.51 in the previous year[131]. - The total cash and cash equivalents at the end of the period decreased to CNY 397,655,129.08 from CNY 726,498,237.90, a decline of approximately 45.4%[132]. - The cash inflow from the sale of goods and services was CNY 539,248,353.10, compared to CNY 468,910,275.10 in the same period last year, marking an increase of about 15%[131]. Investments and Financing - The company reported a significant increase in short-term borrowings by 333.33% to 130,000,000.00 RMB, attributed to bank loans obtained by subsidiaries[40]. - The company raised a total of 1,199,833,100.00 RMB through a private placement, with 620,694,754.42 RMB utilized for the Jinxi and Chunxiao projects, and 583,071,733.49 RMB remaining in a dedicated account[60]. - The company reported a loss of 17,860,998.58 RMB from short-term investments in metal futures[58]. - The company achieved a profit of 865,754.11 RMB from short-term investments in energy futures[58]. Operational Highlights - The company achieved a total electricity generation of 9,179.81 million kWh, a year-on-year increase of 29.24%[29]. - The company is actively pursuing regional heat network renovation projects to enhance heating reliability and market share[30]. - The company has not disclosed any new product developments or market expansion strategies in this report[24]. Shareholder Information - The company distributed cash dividends of 0.70 RMB per share, totaling 52,285,100 RMB based on a total share capital of 74,693 million shares[68]. - Ningbo Development Investment Group Co., Ltd. holds 30.67% of the company's total shares, amounting to 229,094,597 shares[87]. - The top ten shareholders include Qu Baiyin with 6.69% (50,000,000 shares) and Ningbo United Group Co., Ltd. with 2.21% (16,529,250 shares)[87]. Governance and Compliance - The company has established a governance structure that complies with the Company Law and relevant regulations, enhancing its internal control system[80]. - The company has maintained a strict adherence to information disclosure obligations, ensuring the protection of investors' rights[80]. - The company has not reported any significant litigation, bankruptcy, or major asset transactions during the reporting period[72]. Accounting Policies - The company adheres to the accounting standards and ensures that the financial statements reflect its financial position and operating results accurately[156]. - The financial statements are prepared based on the assumption of going concern for at least 12 months from the approval date[154]. - The company uses the weighted average method for inventory accounting and recognizes inventory impairment losses when the cost exceeds the net realizable value[175].
宁波能源(600982) - 2016 Q1 - 季度财报
2016-04-29 16:00
Financial Performance - Operating revenue for the period was CNY 133,755,075.14, representing a decrease of 30.24% year-on-year[9] - Net profit attributable to shareholders was CNY 12,758,817.42, down 61.44% compared to the same period last year[9] - Basic earnings per share decreased to CNY 0.0171, down 61.40% from CNY 0.0443 in the same period last year[9] - The company expects a net profit decrease of over 50% for the first half of 2016 compared to the same period last year due to changes in investment income[27] - The company reported a significant decrease in investment income, which is CNY 7,893,577.67, down 77.7% from CNY 34,742,208.86 in the previous period[42] - The total profit for the current period is CNY 21,099,282.86, a decrease of 53.5% from CNY 45,376,953.05 in the previous period[42] - The company’s operating profit is CNY 20,203,211.62, down 53.2% from CNY 43,129,417.32 in the previous period[42] Cash Flow - The net cash flow from operating activities was negative at CNY -190,494,308.77, compared to CNY -41,292,473.42 in the previous year, indicating a significant decline[9] - Cash flow from operating activities showed a net outflow of CNY -190,494,308.77, compared to a net outflow of CNY -41,292,473.42 in the previous period, indicating a significant decline in operational cash flow[50] - Cash outflow for investment activities reached CNY 2,430,000,699.85, up from CNY 765,160,631.42, resulting in a net cash flow from investment activities of CNY -140,801,578.59, compared to CNY 119,677,882.32 previously[51] - Cash flow from financing activities generated a net inflow of CNY 20,000,000.00, a recovery from a net outflow of CNY -1,032,095.02 in the previous period, indicating improved financing conditions[51] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 3,286,802,677.76, a slight increase of 0.19% compared to the previous year-end[9] - The company reported a decrease in net assets attributable to shareholders of listed companies to CNY 2,379,608,808.97, down 2.47% from the previous year-end[9] - Current liabilities rose to CNY 311,142,490.93 from CNY 235,731,964.23, an increase of 32.04%[34] - Total liabilities increased to CNY 720,214,440.89 from CNY 656,691,985.81, representing a growth of 9.69%[34] - Total equity decreased to CNY 2,566,588,236.87 from CNY 2,624,009,638.72, a decrease of 2.19%[34] Inventory and Costs - Inventory increased significantly to CNY 207,476,780.56, up 2,138.58% from the previous period's CNY 9,268,215.90[20] - Operating costs fell by 39.19% to CNY 97,378,147.29 from CNY 160,135,453.15 year-on-year[22] - Financial expenses dropped by 90.13% to CNY 146,069.35, primarily due to increased interest income from funds[23] Shareholder Information - The company’s major shareholders include Ningbo Development Investment Group Co., Ltd., holding 24.30% of shares[15] - The company reported a total equity attributable to shareholders of CNY 2,379,608,808.97, down from CNY 2,439,936,379.86, a decrease of 2.46%[34] Other Information - The company has not disclosed any new product developments or market expansion strategies in this report[19] - Non-recurring gains and losses totaled CNY 5,153,847.95, with government subsidies contributing CNY 490,146.34[12]
宁波能源(600982) - 2015 Q4 - 年度财报
2016-03-07 16:00
Financial Performance - The company reported a net profit of ¥37,773,631.21 for the year 2015, with a proposed cash dividend of ¥0.70 per share, totaling ¥52,285,100 distributed to shareholders [3]. - Total operating revenue for 2015 was ¥1,001,798,459.07, representing a decrease of 9.03% compared to ¥1,101,198,907.88 in 2014 [19]. - The net profit attributable to shareholders decreased by 39.64% to ¥92,021,544.85 from ¥152,466,314.57 in the previous year [19]. - The basic earnings per share decreased by 52.85% to ¥0.1232 in 2015, down from ¥0.2613 in 2014 [21]. - The total non-recurring gains and losses for 2015 amounted to RMB 74.74 million, a decrease from RMB 143.43 million in 2014 [25]. - The company reported a net profit increase, with retained earnings rising to RMB 451,820,058.36 from RMB 410,003,016.42, an increase of approximately 10.2% [171]. - The net profit for 2015 was CNY 37,773,631.21, a decrease of 57.0% from CNY 87,827,161.47 in the previous year [182]. - The total profit for the year was CNY 49,552,433.80, down 47.9% from CNY 95,164,382.60 in 2014 [182]. Assets and Liabilities - The company's total assets increased by 8.69% to ¥3,280,701,624.53 at the end of 2015, compared to ¥3,018,427,921.95 at the end of 2014 [20]. - The total liabilities increased to CNY 337,924,396.98 from CNY 332,155,085.75, reflecting a rise of 1.73% [175]. - The company's total assets at the end of the reporting period were CNY 2,300,890,397.66, slightly down from CNY 2,303,657,115.22 at the beginning of the year [175]. - The total equity attributable to shareholders of the parent company was RMB 2,439,936,379.86, compared to RMB 2,326,732,990.54 at the start of the year, reflecting an increase of approximately 4.84% [171]. - The company's total liabilities reached RMB 656,691,985.81, up from RMB 518,355,439.66, indicating a rise of about 26.74% [170]. Cash Flow - The cash flow from operating activities significantly increased by 609.67% to ¥140,563,813.22 compared to ¥19,806,933.68 in 2014 [19]. - The net cash flow from investing activities was -¥27,829,741.32, showing an improvement from -¥613,066,130.25 in the previous year [154]. - The company maintained a cash and cash equivalents balance of ¥1,079,332,424.44 at the end of 2015, an increase of 11.51% from ¥967,956,454.96 in 2014 [154]. - The cash flow from financing activities resulted in a net outflow of CNY 5,150,616.13, compared to a net inflow of CNY 1,061,692,732.21 in the previous year [185]. - The company reported a total cash inflow from operating activities of ¥2,187,359,080.66, while cash outflow was ¥1,954,485,456.52, resulting in a net cash inflow of ¥232,873,624.14 [188]. Investments and Projects - The company has made significant investments in technology upgrades for its subsidiaries, aiming to enhance efficiency and reduce losses in the heating network [34]. - The company is actively pursuing new energy projects, including wind and solar power, to achieve breakthroughs in the renewable energy sector [34]. - The company has successfully completed the commissioning of the 6B gas turbine in the Spring Dawn project, which is now ready for trial operation [34]. - The company has ongoing projects with a total installed capacity of 257.74 MW under construction, including the "Chunxiao Project" and "Jinxi Project" [53]. - The company plans to continue expanding its financing leasing business in the energy and environmental protection sectors, leveraging its resource advantages [35]. Market and Competitive Position - The company maintains a strong competitive position in the cogeneration industry, which is encouraged by national policies and has substantial market potential [31]. - The company sold a total of 2.9018 million tons of steam in 2015, an increase of 1.41% compared to 2.8614 million tons in the previous year [36]. - The company plans to expand its market by connecting with multiple heat users, including Dingding Paper and Yili Dairy, as part of the "Jinxi Project" [56]. - The company has completed a strategic acquisition of a local competitor for 500 million RMB, enhancing its market position [126]. Governance and Compliance - The company has a history of maintaining good integrity, with no significant legal or financial issues reported during the period [83]. - The company has engaged Tianheng Accounting Firm for financial and internal control audits, with fees set at 350,000 RMB and 200,000 RMB respectively [81]. - The company’s governance structure complies with the requirements of the Company Law and the China Securities Regulatory Commission, ensuring effective internal control management [134]. - The company has established an annual performance evaluation mechanism for senior management, linking their compensation to the company's annual operating goals and profit completion [143]. Future Outlook - The company has set a revenue guidance of 1.8 billion RMB for the next fiscal year, indicating a projected growth of 20% [124]. - New product launches are expected to contribute an additional 300 million RMB in revenue in 2016 [125]. - The company intends to actively expand into new investment areas to seek new profit growth points [69]. - The company has implemented cost-cutting measures that are expected to reduce operational expenses by 8% in the upcoming year [124].
宁波能源(600982) - 2015 Q3 - 季度财报
2015-10-30 16:00
Financial Performance - Operating revenue for the first nine months was CNY 831.41 million, representing a year-on-year increase of 23.80%[6] - Net profit attributable to shareholders decreased by 31.32% year-on-year, amounting to CNY 82.23 million[6] - Basic earnings per share for the period were CNY 0.1101, down 51.35% compared to the same period last year[6] - Operating profit for the first nine months was ¥107,175,345.44, down from ¥158,802,202.11 in the previous year, reflecting a decrease of about 32.5%[33] - The company reported a net profit of ¥24,747,417.04 for the third quarter, compared to ¥12,393,591.72 in the same quarter last year, indicating a year-over-year increase of approximately 100.5%[33] - The company reported a total profit of ¥11,488,274.05 for Q3 2015, compared to ¥2,811,732.31 in Q3 2014, indicating a significant increase[39] - The total comprehensive income for the first nine months of 2015 was ¥28,300,617.14, a decrease from ¥84,084,000.82 in the same period last year[40] Cash Flow - The net cash flow from operating activities was CNY 51.40 million, a decrease from a negative CNY 25.79 million in the previous year[6] - Cash inflow from operating activities totaled CNY 998,321,596.96, an increase of 23% compared to CNY 812,180,487.66 in the previous year[44] - Net cash flow from operating activities was CNY 51,403,641.14, a significant recovery from a negative CNY 25,785,201.81 in the same period last year[44] - Total cash inflow from investment activities was CNY 2,629,062,983.77, down from CNY 3,365,053,185.83 year-over-year[45] - Net cash flow from investment activities was CNY 104,789,405.98, improving from a negative CNY 630,557,182.77 in the previous year[45] - Cash inflow from financing activities was CNY 90,000,000.00, a decrease from CNY 1,339,133,620.00 in the same period last year[45] - Net cash flow from financing activities was CNY 6,668,360.83, compared to CNY 1,065,674,576.42 in the previous year[45] Assets and Liabilities - Total assets at the end of the reporting period reached approximately CNY 3.018 billion, an increase of 3.64% compared to the end of the previous year[6] - The company's total liabilities decreased by 89.24% in current liabilities due to the repayment of certain loans during the reporting period[16] - Total liabilities reached CNY 588,716,466.99, compared to CNY 518,355,439.66 at the beginning of the year[25] - Current assets totaled CNY 1,799,471,491.45, down from CNY 1,884,594,081.26 at the beginning of the year[23] - Non-current assets increased to CNY 1,328,914,156.46 from CNY 1,133,833,840.69 at the beginning of the year[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 60,493, with the largest shareholder holding 75% of the shares[12] - The company's equity attributable to shareholders increased to CNY 2,358,571,003.02 from CNY 2,326,732,990.54 at the beginning of the year[25] Operational Insights - The company plans to continue expanding its market presence and enhancing its operational efficiency through strategic investments and partnerships[6] - The company is in the process of fulfilling commitments related to the integration of heating supply business during the operation of Ningbo Thermal Power[20] - The company has committed to notifying Ningbo Thermal Power of investment opportunities in new heat source points and pipeline construction[20] Investment and Income - Investment income surged by 192.95% to ¥107,401,627.34, driven by increased gains from the disposal of financial assets and investment management income[18] - Non-operating income for the first nine months totaled CNY 16.82 million, with significant contributions from government subsidies and financial investments[9] - The company reported a total of ¥3,034,495.61 in non-operating income for the first nine months of 2015, compared to ¥24,200,685.98 in the previous year[39]
宁波能源(600982) - 2015 Q2 - 季度财报
2015-08-17 16:00
Financial Performance - The company's operating revenue for the first half of 2015 was CNY 416,723,948.36, an increase of 3.78% compared to CNY 401,555,751.88 in the same period last year[22]. - The net profit attributable to shareholders of the listed company decreased by 22.60% to CNY 74,909,878.33 from CNY 96,784,998.85 year-on-year[22]. - The total profit for the period was CNY 10,480.25 million, with net profit attributable to the parent company at CNY 7,490.99 million, a decrease of 22.60% year-on-year[29]. - Basic earnings per share decreased by 56.47% to CNY 0.1003 from CNY 0.2304 in the same period last year[22]. - The company's operating costs increased by 28.70% to CNY 342,616,675.43, which was higher than the revenue growth rate[31]. - The company's gross profit margin in the thermal power sector decreased by 0.54 percentage points to 22.53%[34]. - The company's total profit for the current period was ¥104,802,529.77, down from ¥169,719,026.81 in the previous period, a decrease of 38.3%[93]. - The net profit attributable to shareholders of the parent company was ¥74,909,878.33, down 22.6% from ¥96,784,998.85[94]. Cash Flow - The net cash flow from operating activities was negative at CNY -164,662,665.51, a decline of 439.45% compared to CNY 48,508,569.70 in the previous year[22]. - Cash inflow from operating activities totaled CNY 504,368,367.40, an increase from CNY 472,615,346.60 in the previous period, representing a growth of approximately 6.0%[100]. - Cash outflow from operating activities increased significantly to CNY 669,031,032.91 from CNY 424,106,776.90, resulting in a net cash flow from operating activities of CNY -164,662,665.51, compared to CNY 48,508,569.70 previously[100]. - The net increase in cash and cash equivalents was CNY -241,458,217.06, a decline from CNY 955,852,526.20 in the previous period[101]. - The ending balance of cash and cash equivalents was CNY 726,498,237.90, down from CNY 1,454,097,293.17[101]. Assets and Liabilities - The total assets rose by 3.96% to CNY 3,137,864,772.27 from CNY 3,018,427,921.95 at the end of the previous year[22]. - Total liabilities stood at ¥531,171,915.90, compared to ¥518,355,439.66 at the beginning of the period, reflecting a slight increase of about 2.67%[85]. - Total equity attributable to shareholders increased to ¥2,428,875,994.39 from ¥2,326,732,990.54, representing a growth of approximately 4.4%[86]. - The company's current assets totaled ¥1,834,509,734.24, a decrease of approximately 2.65% from ¥1,884,594,081.26 at the start of the period[84]. - Total liabilities decreased to ¥326,211,055.02 from ¥332,155,085.75, a reduction of about 1.3%[91]. Investments - The company has invested ¥100,000,000 in structured financial products, with an expected return of ¥2,616,438.36[41]. - The company reported a loss of ¥3,910,630.46 from its investment in Whirlpool, with an end-of-period book value of ¥28,269,120.39[39]. - The total initial investment in securities was ¥93,847,137.11, with a total end-of-period book value of ¥86,789,465.56, resulting in a report period profit of ¥53,842,728.01[39]. - The company reported a significant decline in cash flow from operating activities, with a net cash outflow of CNY 164,662,665.51, compared to a net inflow of CNY 48,508,569.70 in the previous year[31]. Shareholder Information - The company distributed a cash dividend of RMB 0.62 per share to all shareholders, totaling RMB 46,309,660, based on a total share capital of 74,693,000 shares as of the end of 2014[56]. - The total number of shareholders as of the end of the reporting period is 41,676[72]. - Ningbo Development Investment Group Co., Ltd. holds 191,515,197 shares, accounting for 25.64% of the total shares[73]. - The second largest shareholder, Qu Baiyin, holds 50,000,000 shares, representing 6.69% of the total shares[73]. Corporate Governance - The company has established a governance structure that complies with the requirements of the Company Law and relevant regulations[66]. - The company has maintained strict compliance with information disclosure obligations and investor relations management[66]. - The company has not reported any significant litigation or bankruptcy restructuring matters during the reporting period[59]. - The company’s related party transactions do not affect its independence and do not harm the rights of minority investors[63]. Future Plans and Projects - The company plans to enhance its management level through further development of its smart management system[33]. - The company is actively exploring investment opportunities in the renewable energy sector to achieve breakthroughs in future projects[33]. - The company plans to expand its heating coverage to Jinhua Jinxi Development Zone and Beilun Chunxiao area in the future[37]. - The company completed 70% of the construction and installation works for the Jinxi project, with all connection systems finished as planned[33]. Accounting Policies - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the accuracy and completeness of its financial reporting[121]. - The financial statements are prepared based on the going concern principle, indicating confidence in the company's sustainability for at least 12 months[119]. - The company has not made any changes to significant accounting policies or estimates during the reporting period[179]. Miscellaneous - The company has not reported any significant contracts or transactions during the reporting period[64]. - There are no changes in the status of restricted shares during the reporting period[72]. - The company has not recognized any accounts receivable due to financial asset transfers[192].
宁波能源(600982) - 2015 Q1 - 季度财报
2015-04-29 16:00
Financial Performance - Operating revenue for the current period was CNY 191,737,112.10, representing a 47.15% increase year-on-year[9] - Net profit attributable to shareholders of the listed company was CNY 33,089,081.47, up 12.84% from the same period last year[9] - Basic earnings per share decreased by 36.53% to CNY 0.0443[9] - The company experienced a decrease in net profit excluding non-recurring gains and losses by 25.41% compared to the previous year[9] - The profit attributable to the parent company's shareholders was CNY 33,089,081.47, compared to CNY 29,324,970.35 in the previous year, marking an increase of 12.5%[34] - Net profit for Q1 2015 reached CNY 34,373,035.31, representing a growth of 6.1% from CNY 32,415,823.65 in Q1 2014[33] - The total profit amounted to ¥15,985,935.60, representing a 97.5% increase from ¥8,075,310.17 in the previous period[38] Cash Flow - The net cash flow from operating activities was negative CNY 41,292,473.42, a decrease of 392.25% compared to the previous year[9] - The company reported a net cash outflow from operating activities of ¥41,292,473.42, compared to a net inflow of ¥14,129,240.60 in the previous period[42] - Operating cash inflow for Q1 2015 was CNY 450,742,211.57, a significant increase from CNY 139,582,089.52 in the same period last year, representing a growth of approximately 223%[45] - Net cash flow from operating activities was negative CNY 46,977,088.77, an improvement compared to negative CNY 77,623,118.41 in Q1 2014[45] - Cash inflow from investment activities totaled CNY 440,781,936.98, compared to CNY 8,000,000.00 in the previous year, indicating a substantial increase[45] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 3,083,242,610.50, an increase of 2.15% compared to the end of the previous year[9] - Total liabilities amounted to ¥525,602,658.75, slightly up from ¥518,355,439.66, showing an increase of approximately 1.4%[25] - Owner's equity increased to ¥2,557,639,951.75 from ¥2,500,072,482.29, representing a growth of about 2.3%[25] - Current assets increased to ¥1,912,343,958.39 from ¥1,884,594,081.26, representing a growth of approximately 1.3%[23] - Non-current assets totaled ¥1,170,898,652.11, up from ¥1,133,833,840.69, reflecting an increase of approximately 3.3%[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 43,222[12] - The largest shareholder, Ningbo Development Investment Group Co., Ltd., held 191,515,197 shares, accounting for 25.64% of total shares[12] Investment Activities - The company reported non-recurring gains of CNY 29,606,045.38, primarily from investment income related to financial products[11] - Investment activities generated a net cash flow of RMB 119,677,882.32, a significant recovery from negative RMB 43,982,809.00 in the same period last year[17] - The company's total financial investments at the end of the reporting period amounted to RMB 135,930,044.83, with realized investment income of RMB 24,436,071.88[18] - The company's investment income rose by 77.22% to RMB 34,742,208.86 from RMB 19,603,913.75 year-on-year[16] - The company reported an increase in investment income to ¥10,306,136.98, up from ¥8,000,000.00, marking a growth of 28.8%[38] Operating Costs - The operating cost increased by 68.56% to RMB 160,135,453.15 from RMB 94,999,274.98 year-on-year[16] - Total operating costs for Q1 2015 were CNY 185,392,406.35, up 54.8% from CNY 119,845,811.63 in Q1 2014[33] - The company incurred operating costs of ¥6,844,092.05, which is 142.5% higher than the previous period's ¥3,137,032.11[38] Other Comprehensive Income - The company's other comprehensive income increased by 34.45% to RMB 90,514,465.72 from RMB 67,320,031.57, mainly due to the increase in the market value of available-for-sale financial assets[3] - Other comprehensive income after tax for Q1 2015 was CNY 23,194,434.15, compared to a loss of CNY 17,442,644.45 in the same period last year[35] Financial Expenses - The company's financial expenses decreased by 49.18% to RMB 1,479,986.45 from RMB 2,912,014.95, mainly due to increased interest income from raised funds[16] - Financial expenses significantly dropped to ¥1,065,008.28 from ¥2,654,794.41, a decrease of 59.9%[38]
宁波能源(600982) - 2014 Q4 - 年度财报
2015-03-30 16:00
Financial Performance - In 2014, the company achieved a net profit of CNY 87,827,161.47, with a proposed cash dividend of CNY 0.62 per share, totaling CNY 46,309,660 distributed to shareholders[2]. - The company's operating revenue for 2014 was CNY 1,101,198,907.88, representing a 42.49% increase compared to CNY 772,834,320.65 in 2013[26]. - The net profit attributable to shareholders increased by 6.72% to CNY 152,466,314.57 from CNY 142,862,397.92 in the previous year[26]. - The total assets of the company reached CNY 3,018,427,921.95, a 70.82% increase from CNY 1,767,060,726.36 in 2013[26]. - The net assets attributable to shareholders grew by 135.88% to CNY 2,326,732,990.54 from CNY 986,389,992.85 in 2013[26]. - The cash flow from operating activities decreased significantly by 89.93% to CNY 19,806,933.68 compared to CNY 196,707,384.83 in 2013[26]. - The company reported a decrease of 33.54% in net profit after deducting non-recurring gains and losses, amounting to CNY 9,040,764.40[26]. - The weighted average return on net assets decreased by 6.27 percentage points to 9.21%[27]. - The company reported a decrease in electricity sales volume by 14.90% to 17,324.86 million kWh[34]. - The company’s steam sales volume increased by 6.18% to 286.14 million tons[34]. - The company's operating revenue increased by 42.49% compared to the previous year, primarily due to active commodity trading driven by a loose macro monetary environment in the second half of 2014[40]. Investments and Financing - The company completed a non-public offering of shares, raising a total of CNY 119,983.31 million, with a net amount of CNY 115,909.10 million after deducting issuance costs[35]. - The company raised a total of 1.20 billion yuan through a private placement of shares, significantly enhancing its debt financing capacity[52]. - The company has committed 810,016,630.07 RMB of unutilized funds for investment in the Jinxi and Chunxiao projects, which are stored in a dedicated account[82]. - The company raised a total of RMB 1,199,833,100 through a non-public stock issuance, with a net amount of RMB 1,159,091,012.64 after deducting fees[92]. - The company completed a non-public offering of 32,693,000 shares on July 1, 2014, increasing the total share capital to 74,693,000 shares[130]. - The company raised a total of 300 million yuan through the public issuance of corporate bonds with a coupon rate of 5.1%[126]. Shareholder Information - The total number of shares increased to 420,000,000 after the issuance of new shares and bonus shares, with 326,930,000 shares being subject to restrictions[114]. - The total number of shares increased to 746,930,000 after the implementation of the profit distribution and capital reserve conversion plan, which included a stock bonus of 168 million shares and a capital increase of 252 million shares[118]. - The top shareholder, Ningbo Development Investment Group Co., Ltd., holds 191,515,197 shares, representing 25.64% of the total shares[133]. - The second largest shareholder, Qu Baiyin, holds 50,000,000 shares, accounting for 6.69% of the total shares[133]. - The total number of shares held by the top ten shareholders is 225,093,197, which constitutes 30.14% of the company's total share capital[136]. Operational Highlights - The company is actively exploring new energy projects such as wind and solar power to achieve breakthroughs in the renewable energy sector[35]. - The company completed the construction of two natural gas boilers and supporting facilities to meet local heating demands[54]. - The company plans to expand its heating supply range to cover additional areas, including Jinhua Jinxi Development Zone and Beilun Chunxiao area[67]. - The company has a technological advantage in circulating fluidized bed boiler combustion technology, which is supported by evaluations from the Chinese Academy of Sciences[67]. - The company’s main business is combined heat and power generation, indicating a focus on energy efficiency and sustainability[168]. Risk Management - The company emphasizes the uncertainty of forward-looking statements and advises investors to be aware of investment risks[3]. - The company faces risks from macroeconomic fluctuations, policy changes, and market dynamics that could impact its operations[93]. Corporate Governance - The governance structure complies with the Company Law and Securities Law, ensuring independent operation of the board and supervisory board[178]. - The board of directors consists of more than one-third independent directors, and the company has established specialized committees for audit, compensation, and strategy[178]. - The company has maintained a transparent information disclosure process, adhering to regulations set by the China Securities Regulatory Commission[179]. - The company guarantees independence and maintains autonomous operational capabilities in its business, personnel, assets, institutions, and finances[190]. Employee and Management Information - The total number of employees in the parent company and major subsidiaries is 328, with 32 in the parent company and 296 in subsidiaries[170]. - The company emphasizes a structured training program for employees, including new employee training and ongoing professional development for mid to senior-level staff[172]. - The company has a structured compensation system for directors and senior management based on performance evaluations[165]. - The total compensation for the chairman, Gu Jianbo, was 14.33 million yuan for the reporting period[156]. Legal and Compliance - The company has not experienced any environmental accidents or penalties from environmental authorities during the reporting period[97]. - There were no significant lawsuits, arbitrations, or media controversies affecting the company during the reporting period[101]. - The company has not disclosed the compensation details for certain directors and supervisors due to assessment procedures from higher authorities[158].
宁波能源(600982) - 2014 Q3 - 季度财报
2014-10-30 16:00
Financial Performance - Operating revenue for the first nine months reached CNY 671,579,110.56, a growth of 37.32% year-on-year[8] - Net profit attributable to shareholders increased by 154.88% to CNY 119,725,259.55 for the first nine months[8] - Basic earnings per share rose by 102.41% to CNY 0.2263[9] - Net profit for the third quarter was CNY 25,047,564.96, compared to CNY 32,941,777.27 in the same period last year, a decrease of 24.1%[43] - Operating revenue for the third quarter reached CNY 270,023,358.68, a 73.2% increase from CNY 155,644,647.38 year-over-year[42] - The company reported a total comprehensive income of CNY 42,161,494.80 for the third quarter, compared to a loss of CNY 15,250,209.37 in the same period last year[43] Cash Flow - Net cash flow from operating activities decreased by 113.59% to -CNY 25,785,201.81 compared to the same period last year[8] - The company's net cash flow from financing activities was RMB 1,065,674,576.42, primarily due to the completion of the non-public stock issuance[22] - Operating cash flow for the first nine months was negative at -¥25,785,201.81, a significant decrease from ¥189,723,643.47 in the previous year[50] - Total cash inflow from operating activities reached $550.66 million, up from $328.60 million year-on-year, reflecting a significant increase in operational cash generation[55] - Cash outflow from operating activities increased to $795.74 million from $436.95 million, highlighting rising operational costs[55] Assets and Liabilities - Total assets increased by 66.07% to CNY 2,934,587,307.93 compared to the end of the previous year[8] - The total number of shareholders reached 41,443 by the end of the reporting period[14] - The total liabilities decreased to CNY 490,248,988.21 from CNY 662,258,586.35, reflecting improved financial stability[33] - The owner's equity increased to CNY 2,444,338,319.72 from CNY 1,104,802,140.01, showing a strong growth in shareholder value[33] - Current assets rose significantly to CNY 1,741,879,440.88, up from CNY 516,414,459.39, marking a 237.5% increase[36] Investments and Financing - The company completed a non-public stock issuance, resulting in a 344.60% increase in share capital to RMB 746,930,000.00[18] - The company plans to use RMB 257,397,609.06 of raised funds to replace self-raised funds for investment projects and utilize up to RMB 300 million of idle raised funds for low-risk financial management[23] - The company incurred financial expenses of ¥893,098.28 in the third quarter, a decrease from ¥1,526,007.12 in the same period last year[47] - The company’s investment activities resulted in a net cash outflow of -¥630,557,182.77, compared to -¥222,941,971.38 in the previous year[51] Shareholder Information - The largest shareholder, Ningbo Development Investment Group Co., Ltd., holds 25.64% of the shares[14] - The company paid $36.38 million in dividends and interest, up from $23.88 million, indicating a commitment to returning value to shareholders[56] Operational Insights - Inventory surged by 3220.13% to RMB 117,798,686.30, primarily due to increased spot inventory at the subsidiary Ningbo Electric Investment[17] - The company's management expenses rose to ¥4,309,637.98 in the third quarter, compared to ¥3,625,601.09 in the previous year, marking an increase of approximately 18.9%[47] - The company has not disclosed any new product developments or market expansion strategies in this report[6]
宁波能源(600982) - 2014 Q2 - 季度财报
2014-09-16 16:00
Financial Performance - The company achieved operating revenue of CNY 401,555,751.88 in the first half of 2014, representing a year-on-year increase of 20.44%[15] - The net profit attributable to shareholders reached CNY 96,784,998.85, a significant increase of 497.84% compared to the same period last year[15] - The company reported a total profit of CNY 169,719,000 for the reporting period[19] - The basic earnings per share for the reporting period was CNY 0.2304, an increase of 139.00% compared to the same period last year[15] - The company reported a net profit margin of 15% for the first half of 2014, compared to 12% in the same period last year, showing an improvement of 3 percentage points[70] - The total comprehensive income for the first half of 2014 was CNY 113,043,848.99, compared to CNY 65,771,666.61 in the same period last year, marking a 72% increase[80] - Net profit for the first half of 2014 reached CNY 127,573,994.51, up 45% from CNY 23,377,333.57 in the previous year[27] Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 2,869,019,487.25, an increase of 62.36% from the previous year[15] - The total current assets increased to CNY 2,002,129,407.54 from CNY 966,062,539.78, representing a growth of approximately 107.1%[70] - The company's total liabilities decreased to CNY 1,200,000,000 from CNY 1,500,000,000, reflecting a reduction of 20%[70] - The total equity increased to CNY 800,000,000, up from CNY 600,000,000, indicating a growth of 33.3%[70] - The total owner's equity at the end of the first half of 2014 was CNY 1,965,378,612.17, with a net profit of CNY 81,703,744.17 for the period[101] Cash Flow - The company generated a net cash flow from operating activities of CNY 48,508,569.70, a decrease of 67.44% compared to the previous year[15] - Cash flow from operating activities generated a net inflow of CNY 48,508,569.70, down 67.5% from CNY 148,989,637.31 in the previous year[84] - The net cash flow from investment activities improved, with a decrease in outflows from RMB -263,619,230.14 to RMB -167,366,416.93[25] - Financing activities produced a net cash inflow of CNY 1,073,454,655.32, significantly higher than CNY 66,627,367.74 in the previous year[86] - The company reported a total cash and cash equivalents balance of CNY 1,454,097,293.17 at the end of the first half of 2014, up from CNY 356,558,336.26 at the end of the previous year[86] Shareholder Information - The total share capital increased from 168 million shares to 420 million shares after the implementation of the profit distribution plan, which included a cash dividend of 0.125 CNY per share and a bonus share distribution of 0.5 shares for every share held[58] - The company completed a private placement of 326.93 million A-shares, with the major shareholder, Ningbo Development Investment Group, receiving 70.8 million shares, subject to a 36-month lock-up period[59] - As of July 1, 2014, the total share capital reached 746.93 million shares following the completion of the private placement[60] - The total number of shareholders reached 24,132 by the end of the reporting period[62] - Ningbo Development Investment Group held 28.74% of the shares, amounting to 120,715,197 shares, making it the largest shareholder[62] Investment and Projects - The company completed a private placement of shares, raising a total of RMB 1,199,833,100.00, which significantly enhanced its debt financing capacity[28] - The company plans to use the raised funds for investment in the Jinxi project and the Chunxiao project, with the remaining funds stored in a special account[42] - The construction of the Chunxiao project is progressing as planned, with two 20-ton natural gas boilers and supporting facilities already in operation[29] - The company has pre-invested a total of RMB 9,342.53 million and RMB 16,397.23 million in the Jinxi and Chunxiao projects, respectively, before the fundraising was in place[45] Environmental and Regulatory Compliance - The company is enhancing its environmental management and has met new national standards for waste gas emissions[21] - The company has not received any administrative penalties or public reprimands from the China Securities Regulatory Commission during the reporting period[56] - The company has revised its articles of association and fundraising management measures to ensure compliance with regulatory requirements[30] Accounting Policies and Financial Reporting - The financial statements are prepared based on the going concern principle and comply with the accounting standards issued by the Ministry of Finance[110] - The company recognizes gains or losses from the disposal of equity investments according to the relevant accounting standards[119] - The company uses RMB as its functional currency for accounting purposes[113] - The company recognizes rental income from operating leases on a straight-line basis over the lease term[155] Risk Management - The company reported a significant increase in the provision for bad debts, reflecting a proactive approach to managing credit risk[172] - The company assesses impairment for construction in progress, recognizing any impairment loss if the recoverable amount is lower than the book value[142] - The company applies a specific percentage for bad debt provisions based on the aging of receivables, with rates ranging from 5% for receivables within one year to 100% for those over five years[130]