证券代码：601991 证券简称：大唐发电 公告编号：2024-046 大唐国际发电股份有限公司 关于超短期融资券发行的公告 特别提示 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 大唐国际发电股份有限公司("公司")于 2023 年 12 月 21 日召开的 2023 年 第四次临时股东大会通过决议，同意公司 2024 年开展境内外权益融资及债务融 资合计不超过人民币 800 亿元。 2023 年 6 月 7 日，公司收到中国银行间市场交易商协会的《接受注册通知 书》（中市协注[2023]DFI31 号），接受公司债务融资工具注册，注册额度自通 知书落款之日起 2 年内有效。 公司已于 2024 年 9 月 9 日完成了"大唐国际发电股份有限公司 2024 年度第 三期超短期融资券"（"本期超短期融资券"）的发行。本期超短期融资券的发 行额为人民币 20 亿元，期限为 128 天，单位面值为人民币 100 元，票面利率为 1.95%。 本期超短期融资券由上海浦东发展银行股份有限公司作为主承销商及簿记 管理人，北京银行 ...

特别提示 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 大唐国际发电股份有限公司("公司")于 2023 年 12 月 21 日召开的 2023 年 第四次临时股东大会通过决议，同意公司 2024 年开展境内外权益融资及债务融 资合计不超过人民币 800 亿元。 证券代码：601991 证券简称：大唐发电 公告编号：2024-045 特此公告。 大唐国际发电股份有限公司 关于绿色中期票据发行的公告 2023 年 6 月 7 日，公司收到中国银行间市场交易商协会的《接受注册通知 书》（中市协注[2023]DFI31 号），接受公司债务融资工具注册，注册额度自通 知书落款之日起 2 年内有效。 公司已于 2024 年 9 月 4 日完成了"大唐国际发电股份有限公司 2024 年第一 期绿色中期票据（碳中和债）"（"本期绿色中期票据"）的发行。本期绿色中 期票据的发行额为人民币 15 亿元，期限为 3 年，单位面值为人民币 100 元，票 面利率为 2.11%。 本期绿色中期票据由中国邮政储蓄银行股份有限公司作为主承销商及簿 ...

Investment Rating - The report maintains a "Buy" investment rating for Datang Power (601991.SH) [1] Core Views - The company reported significant growth in performance, with a revenue of 58.31 billion yuan in the first half of 2024, a year-on-year increase of 0.19%. The net profit attributable to shareholders reached 3.11 billion yuan, up 104.85% year-on-year, and the basic earnings per share increased by 212.06% to 0.1242 yuan [1][2] Summary by Sections Financial Performance - In the first half of 2024, the company achieved an operating income of approximately 58.31 billion yuan, an increase of 1.08 billion yuan year-on-year. The net profit was about 4.287 billion yuan, up 23.82 billion yuan year-on-year. The net profit attributable to the parent company was approximately 3.108 billion yuan, an increase of 1.591 billion yuan year-on-year [2] - The profit from coal-fired power generation (including thermal) was 1.51 billion yuan, a year-on-year increase of 288.13%. Hydropower profit totaled 1.03 billion yuan, up 1033.02% year-on-year [2] Energy Generation and Pricing - The average on-grid electricity price was 462.74 yuan per megawatt-hour (including tax), a decrease of about 4.70% year-on-year. The total on-grid electricity generated was approximately 1,223.973 billion kilowatt-hours, an increase of about 4.43% year-on-year [2] - The company has an installed capacity of 73,734.862 megawatts, with coal-fired power accounting for 45,124 megawatts and hydropower approximately 9,204.73 megawatts [2] Clean Energy Transition - In the first half of 2024, the company added 973.898 megawatts of clean energy capacity, with wind power accounting for 564.32 megawatts and solar power 408.338 megawatts. The proportion of low-carbon clean energy capacity increased to 38.80%, up 1.05 percentage points from the end of last year [3] - The company has 122 approved power projects with a total capacity of 4,714.985 megawatts, including 1,109.3 megawatts for wind power and 3,605.685 megawatts for solar power [3] Investment Outlook - The company is expected to see high growth potential due to the synergy between coal-fired and renewable energy development. Revenue forecasts for 2024 to 2026 are 128.168 billion yuan, 133.033 billion yuan, and 139.145 billion yuan, with net profits of 4.006 billion yuan, 4.449 billion yuan, and 5.708 billion yuan respectively [3]

Investment Rating - The investment rating for the company is "Outperform the Market" [5][11]. Core Views - The company's revenue slightly increased while net profit saw a significant rise, with a net profit of 3.108 billion yuan (+104.85%) in 2024H1, driven by lower coal prices and favorable water conditions for hydropower [1][6]. - The coal and hydropower segments experienced substantial profit growth, while the wind power segment's profits declined [1][6]. - The company has a robust pipeline of approved and ongoing projects, indicating potential for sustained future growth [1][10]. Summary by Relevant Sections Financial Performance - In 2024H1, the company achieved operating revenue of 58.31 billion yuan (+0.19%) and a net profit of 3.108 billion yuan (+104.85%), with a non-recurring net profit of 3.119 billion yuan (+145.43%) [1][6]. - The second quarter saw revenues of 27.573 billion yuan (-8.65%) and a net profit of 1.777 billion yuan (+28.71%) [1][6]. - The total profit from the coal power segment was 1.510 billion yuan (+288.13%), while the hydropower segment saw a profit of 1.032 billion yuan (+1033.02%) [1][6]. Project Development - The company approved 122 power projects with a total capacity of 4.715 million kilowatts in 2024H1, including 1.1093 million kilowatts for wind power and 3.6057 million kilowatts for solar power [10][11]. - There are 80 ongoing projects with a total capacity of 11.8692 million kilowatts, indicating a strong project pipeline for future revenue generation [10][11]. Profitability Metrics - The gross margin improved to 15.43%, an increase of 6.26 percentage points, attributed to lower coal prices and increased hydropower generation [8]. - The net profit margin rose to 7.35%, up 4.08 percentage points from the previous year [8][9]. - Return on equity (ROE) increased to 8.05%, reflecting improved profitability [9]. Future Outlook - The company forecasts net profits of 5.03 billion yuan, 5.62 billion yuan, and 6.18 billion yuan for 2024, 2025, and 2026, respectively, with expected growth rates of 268.1%, 11.9%, and 9.9% [11][12]. - The current stock price suggests a potential upside of 10%-20% compared to the estimated fair value of 2.99-3.26 yuan per share [11].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company's operating performance in Q2 2024 improved significantly, with a year-on-year increase of 98% [3] - The company reported a total revenue of 583.1 billion yuan for H1 2024, a slight increase of 0.2% year-on-year, and a net profit attributable to shareholders of 31.1 billion yuan, up 104.85% year-on-year [2] - The recovery in hydropower and thermal power performance, along with increased investment income, contributed to the improved results [3] Summary by Sections Financial Performance - In Q2 2024, the company achieved a revenue of 275.7 billion yuan, down 8.6% year-on-year, with a net profit of 17.8 billion yuan, an increase of 28.7% year-on-year [2] - The company's coal power profit totaled 15.1 billion yuan in H1 2024, recovering from a loss of 8.0 billion yuan in H1 2023, primarily due to a decrease in fuel prices [3] - Hydropower profits surged to 10.3 billion yuan in H1 2024 from 0.9 billion yuan in H1 2023, driven by improved water inflow [3] Investment and Growth - The company recorded investment income of 13.2 billion yuan in Q2 2024, a year-on-year increase of 63% [3] - The total installed capacity for wind and solar power increased by 0.97 GW in H1 2024, with wind power profits totaling 11.3 billion yuan, down 23% year-on-year [4] - The company expects further performance recovery in the second half of 2024 due to favorable hydrological conditions [5] Valuation and Forecast - The revenue forecasts for 2024-2026 are 1233 billion yuan, 1247 billion yuan, and 1252 billion yuan, respectively, with net profits of 50.5 billion yuan, 55.6 billion yuan, and 61.2 billion yuan [5] - The corresponding price-to-earnings ratios (PE) are projected to be 10, 9, and 8 times for the respective years [5]

Investment Rating - The report maintains a "Buy" rating for the company with a target price indicating a potential upside of over 20% within the next six months [7][16]. Core Views - The company reported a significant improvement in profitability, with a 105% year-on-year increase in net profit for H1 2024, reaching 3.108 billion yuan [1]. - The share of low-carbon clean energy installations increased to 38.8%, with substantial growth in hydropower and renewable energy generation [2]. - The coal machinery segment turned profitable, while hydropower profits saw a significant increase due to improved water conditions [3]. - Investment income contributed positively to the overall performance, with 1.35 billion yuan in investment gains, primarily from coal and nuclear power investments [4]. - Future profit forecasts for 2024-2026 are projected at 4.4 billion, 5.5 billion, and 6.3 billion yuan, respectively, with corresponding P/E ratios of 12, 9, and 8 [5]. Financial Summary - For H1 2024, the company achieved revenue of 58.31 billion yuan, a slight increase of 0.19% year-on-year, while net profit surged by 104.85% [1]. - The clean energy segment added approximately 974 megawatts of new capacity, with hydropower and renewable energy contributing significantly to the total electricity generation of 122.397 billion kilowatt-hours, up 4.43% year-on-year [2]. - The coal machinery segment reported a total profit of 1.51 billion yuan, while the hydropower segment's profit reached 1.032 billion yuan, reflecting a strong recovery [3]. - The company’s financial outlook shows a steady increase in revenue and net profit over the next few years, with a projected revenue of 123.4 billion yuan in 2024 [6].

华福证券 大唐发电（601991.SH） 煤机扭亏为盈水电强势修复，投资净收益增厚 Q2 收益 投资要点： 事件：公司发布了 2024 年上半年报告，1H2024 公司实现营业收入 583.10 亿元，同比增长 0.19%；归属于母公司股东的净利润 31.08 亿元，同 比增长 104.85%。分季度看，2Q2024 单季度营业收入 275.73 亿元，同比下 降 8.56%；归属于母公司股东的净利润 17.77 亿元，同比增长 28.71%。 上半年归母净利润同比增幅超一倍，单 2Q 同比环比增幅明显。 1H2024，公司上网电量 1223.97 亿千瓦时（同比+4.43%），同时含税上网 电价 462.74 元/兆瓦时（同比-4.70%）。量增价减，上半年公司营业收入同 比微增 0.19%。一方面，受益于上半年煤价同比下降，公司燃料成本减少； 另一方面，上半年公司财务费用压降 3.35 亿元，公司归母净利润实现同比 增长 104.85%。分季度看，2Q24 归母净利润 17.77 亿元，同比+28.71%， 环比+33.44%。二季度，公司计提在建工程减值、固定资产减值、信用减值 事项，合计计提资产减值约 ...

[Operating and Financial Highlights](index=1&type=section&id=%E7%B6%93%E7%87%9F%E5%8F%8A%E8%B2%A1%E5%8B%99%E6%91%98%E8%A6%81) [Core Performance Overview](index=1&type=section&id=%E7%B6%93%E7%87%9F%E5%8F%8A%E8%B2%A1%E5%8B%99%E6%91%98%E8%A6%81) In H1 2024, operating revenue remained stable at **58.31 billion yuan**, while profit before tax surged 82.96% to **5.56 billion yuan**, and net profit attributable to equity holders grew 68.38% to **3.24 billion yuan** Key Financial Indicators for H1 2024 | Indicator | H1 2024 | H1 2023 | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | Approx. 58.31 Billion Yuan | - | Increased by Approx. 0.19% | | Total Profit Before Tax | Approx. 5.56 Billion Yuan | - | Increased by Approx. 82.96% | | Net Profit Attributable to Equity Holders | Approx. 3.24 Billion Yuan | - | Increased by Approx. 68.38% | | Basic Earnings Per Share | Approx. 0.1315 Yuan/Share | - | Increased by 0.0696 Yuan/Share | [Management Discussion and Analysis](index=2&type=section&id=%E4%BA%8C.%20%E7%AE%A1%E7%90%86%E5%B1%A4%E8%A8%8E%E8%AB%96%E8%88%87%E5%88%86%E6%9E%90) [Company Overview](index=2&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E6%A6%82%20%E8%BF%B0) The company is a major independent power producer in China, operating across 19 provinces with a diversified power generation mix including thermal, hydro, wind, and solar assets strategically located nationwide - The company's power generation business is widely distributed across **19 provinces**, municipalities, and autonomous regions nationwide, forming a **diversified energy portfolio** including thermal, hydro, wind, and photovoltaic power[7](index=7&type=chunk) [Review of Principal Business Operations](index=2&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%E4%B8%BB%E7%87%9F%E6%A5%AD%E5%8B%99%E7%B6%93%E7%87%9F%E6%A5%AD%E7%B8%BE%E5%9B%9E%E9%A1%A7) In H1 2024, the company achieved significant progress in ensuring energy supply, enhancing efficiency, and promoting high-quality transformation, with profit before tax surging 82.96% and 4,715 MW of new energy projects approved - The company steadfastly fulfilled its responsibility to ensure **energy supply for the capital**, successfully completing critical political power supply tasks for events like the National People's Congress, and diligently managing summer peak demand and flood control[10](index=10&type=chunk) - Through special actions to enhance quality and efficiency, optimizing fuel supply and price control, and power volume and tariff strategies, the company achieved better-than-expected operational performance, with total profit before tax increasing by approximately **82.96%** year-on-year in H1[11](index=11&type=chunk) Power Project Progress in H1 2024 | Project Type | Status | Capacity (MW) | | :--- | :--- | :--- | | **Approved Projects** | **Total** | **4,714.985** | | | Wind Power | 1,109.3 | | | Photovoltaic | 3,605.685 | | **Projects Under Construction** | **Total** | **11,869.15** | | | Thermal Power | 5,746.12 | | | Wind Power | 3,457.65 | | | Photovoltaic | 2,665.38 | [Key Financial Indicators and Analysis](index=4&type=section&id=%EF%BC%88%E4%B8%89%EF%BC%89%E4%B8%BB%E8%A6%81%E8%B2%A1%E5%8B%99%E6%8C%87%E6%A8%99%E5%8F%8A%E5%88%86%E6%9E%90) During the reporting period, operating revenue remained stable, but a 3.92% decrease in fuel costs and an 11.82% reduction in finance costs led to an 82.96% surge in profit before tax, with a stable asset-liability ratio of 69.43% indicating sound financial health [Operating Performance](index=4&type=section&id=1.%20%E7%B6%93%E7%87%9F%E6%A5%AD%E7%B8%BE) In H1 2024, operating revenue slightly increased by 0.19% to **58.31 billion yuan**, while operating costs decreased by 3.92% and finance costs by 11.82%, collectively driving an **82.96%** surge in profit before tax Changes in Operating Performance for H1 2024 | Indicator | Amount (RMB) | YoY Change | | :--- | :--- | :--- | | Operating Revenue | 58.31 Billion Yuan | +0.19% | | Operating Costs | 51.84 Billion Yuan | -3.92% | | Net Finance Costs | 2.65 Billion Yuan | -11.82% | | Total Profit Before Tax | 5.56 Billion Yuan | +82.96% | [Financial Position and Liquidity](index=4&type=section&id=5.%20%E8%B2%A1%E5%8B%99%E7%8B%80%E6%B3%81) As of June 30, 2024, total assets were **310.37 billion yuan** and total liabilities **215.48 billion yuan**, resulting in a 69.43% asset-liability ratio and 173.30% net debt-to-equity ratio, with **10.94 billion yuan** in cash and equivalents Financial Position as of June 30, 2024 | Indicator | Amount/Ratio | | :--- | :--- | | Total Assets | Approx. 310.37 Billion Yuan | | Total Liabilities | Approx. 215.48 Billion Yuan | | Asset-Liability Ratio | Approx. 69.43% | | Net Debt-to-Equity Ratio | Approx. 173.30% | | Cash and Cash Equivalents and Restricted Deposits | Approx. 10.94 Billion Yuan | [Human Resources and Welfare Policy](index=5&type=section&id=7.%20%E7%A6%8F%E5%88%A9%E6%94%BF%E7%AD%96) As of June 30, 2024, the Group had **27,811** employees, implementing performance-linked compensation and conducting **964** training programs for **22,920** participants in H1 to foster employee development and vitality - As of June 30, 2024, the Group's total number of employees was **27,811**[20](index=20&type=chunk) - In H1 2024, the Group organized **964** training programs, with a total of **22,920** participants, covering both operational management and technical skills[21](index=21&type=chunk) [Outlook for H2 2024](index=6&type=section&id=%EF%BC%88%E5%9B%9B%EF%BC%89%202024%20%E5%B9%B4%E4%B8%8B%E5%8D%8A%E5%B9%B4%E5%B1%95%E6%9C%9B) In H2 2024, the company will focus on enhancing energy supply for the capital, accelerating green transformation by advancing new energy projects, and deepening quality and efficiency improvements through lean management to achieve annual profit targets - Enhance energy supply for the capital: Seize opportunities to comprehensively boost **green power supply** capacity and proportion for the capital, optimizing integrated management of thermal power and new energy[23](index=23&type=chunk) - Promote high-quality development: Focus on new energy, clean and efficient thermal power, and emerging industry targets, vigorously advancing **green transformation**[24](index=24&type=chunk) - Ensure **profit target achievement**: Adhere to **lean management**, secure volume and price for profitable power generation, control supply and price for fuel, and upgrade cost leadership[24](index=24&type=chunk) [Share Capital and Dividends](index=7&type=section&id=%E4%B8%89%20.%20%E8%82%A1%E6%9C%AC%E5%8F%8A%E6%B4%BE%E6%81%AF) [Share Capital and Dividend Policy](index=7&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E8%82%A1%20%E6%9C%AC) As of June 30, 2024, the company's total share capital was **18,506,710,504** shares with a par value of RMB 1 per share, and the Board decided not to declare an interim dividend for 2024 - As of June 30, 2024, the company's total share capital was **18,506,710,504** shares[26](index=26&type=chunk) - The company will **not declare** an interim dividend for 2024[27](index=27&type=chunk) [Significant Matters and Corporate Governance](index=7&type=section&id=%E5%9B%9B%20.%20%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A0%85) [Significant Matters](index=7&type=section&id=%E5%9B%9B%20.%20%E9%87%8D%E5%A4%A7%E4%BA%8B%E9%A0%85) During and after the reporting period, the company undertook **8 billion yuan** in financing, including **6 billion yuan** in medium-term notes and **2 billion yuan** in super short-term commercial papers, alongside multiple personnel changes within the Board, Supervisory Committee, and senior management - During and after the reporting period, the company issued a total of **6 billion yuan** in medium-term notes and **2 billion yuan** in super short-term commercial papers[30](index=30&type=chunk) - Multiple **personnel changes** occurred at the company's senior level, including the appointment of a new Deputy General Manager, and the election of new Non-executive Directors, Executive Directors, Chairman, and Supervisory Committee Chairman[30](index=30&type=chunk)[31](index=31&type=chunk)[32](index=32&type=chunk) [Corporate Governance](index=9&type=section&id=%E5%85%AD%20.%20%E9%81%B5%E5%AE%88%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB%E5%AE%88%E5%89%87) The company largely complied with the Corporate Governance Code during the period, with exceptions including no directors' liability insurance and certain directors' absence from the AGM, while confirming adherence to the securities dealing code by all directors and supervisors, and the Audit Committee reviewed the interim financial report - During the reporting period, the company **complied** with the provisions of the Corporate Governance Code, with **exceptions** including no insurance arrangements for directors and the former Chairman and a Non-executive Director being unable to attend the general meeting due to official duties[34](index=34&type=chunk)[35](index=35&type=chunk)[36](index=36&type=chunk) - The company has adopted a code of conduct for directors' securities transactions, and all directors and supervisors **complied** with this code during the reporting period[38](index=38&type=chunk) - The **Audit Committee reviewed** the interim results for the period and deemed that the financial report **complied** with applicable accounting standards and provided appropriate disclosures[39](index=39&type=chunk) [Summary of Financial Statements (under IFRS)](index=11&type=section&id=%E6%8C%89%E7%85%A7%E5%9C%8B%E9%9A%9B%E8%B2%A1%E5%8B%99%E5%A0%B1%E5%91%8A%E6%BA%96%E5%89%87%E7%B7%A8%E8%A3%BD%E7%9A%84%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8%E8%B2%A1%E5%8B%99%E8%B3%87%E8%A8%8A%E6%91%98%E8%A6%81) [Condensed Consolidated Statement of Profit or Loss](index=11&type=section&id=%E7%B0%A1%E6%98%8E%E5%90%88%E4%BD%B5%E6%90%8D%E7%9B%8A%E8%A1%A8) In H1 2024, operating revenue was **58.31 billion yuan**, stable year-on-year, while a decrease in fuel costs from **36.51 billion yuan** to **32.67 billion yuan** drove profit before tax from **3.04 billion yuan** to **5.56 billion yuan**, and net profit attributable to equity holders increased 68.4% to **3.24 billion yuan** Condensed Consolidated Statement of Profit or Loss Summary (Unit: RMB Thousand Yuan) | Item | H1 2024 (Unaudited) | H1 2023 (Unaudited) | | :--- | :--- | :--- | | Operating Revenue | 58,309,841 | 58,201,835 | | Total Operating Costs | (51,843,519) | (53,956,506) | | Of which: Fuel for power generation and heating | (32,672,743) | (36,512,979) | | Operating Profit | 6,466,322 | 4,245,329 | | Profit Before Tax | 5,562,283 | 3,040,218 | | Profit for the Period | 4,440,016 | 2,354,174 | | Attributable to equity holders of the Company | 3,242,983 | 1,925,967 | [Condensed Consolidated Statement of Financial Position](index=13&type=section&id=%E7%B0%A1%E6%98%8E%E5%90%88%E4%BD%B5%E8%B2%A1%E5%8B%99%E7%8B%80%E6%B3%81%E8%A1%A8) As of June 30, 2024, total assets increased to **310.37 billion yuan**, total liabilities remained stable at **215.48 billion yuan**, and total equity grew to **94.89 billion yuan** driven by profit growth, despite **44.89 billion yuan** in net current liabilities, which directors believe the Group can manage Condensed Consolidated Statement of Financial Position Summary (Unit: RMB Thousand Yuan) | Item | June 30, 2024 (Unaudited) | December 31, 2023 (Audited) | | :--- | :--- | :--- | | **ASSETS** | | | | Non-current assets | 265,447,734 | 263,744,241 | | Current assets | 44,918,354 | 40,295,225 | | **TOTAL ASSETS** | **310,366,088** | **304,039,466** | | **LIABILITIES AND EQUITY** | | | | Current liabilities | 89,807,222 | 91,230,325 | | Non-current liabilities | 125,671,616 | 124,371,304 | | **TOTAL LIABILITIES** | **215,478,838** | **215,601,629** | | **TOTAL EQUITY** | **94,887,250** | **88,437,837** | - As of June 30, 2024, the Group's net current liabilities were approximately **44.89 billion yuan**, but the directors believe the Group can repay debts due within the next twelve months through operating cash flows, unutilized credit facilities, and refinancing[49](index=49&type=chunk) [Segment Information](index=17&type=section&id=4%20%E5%88%86%E9%83%A8%E8%B3%87%E6%96%99) The company operates in two segments: power generation and heating, and other businesses; in H1 2024, power generation and heating contributed the majority of revenue (**55.29 billion yuan**) and profit (**4.51 billion yuan**), with profit more than doubling from **1.62 billion yuan** year-on-year Segment Revenue and Profit (Unit: RMB Thousand Yuan) | Segment | Item | H1 2024 | H1 2023 | | :--- | :--- | :--- | :--- | | **Power Generation and Heating** | External Sales Revenue | 55,288,373 | 55,137,809 | | | Segment Profit | 4,511,909 | 1,620,684 | | **Other Segments** | External Sales Revenue | 3,021,468 | 3,064,026 | | | Segment Profit | 838,989 | 884,982 | | **Total** | **External Sales Revenue** | **58,309,841** | **58,201,835** | | | **Segment Profit** | **5,350,898** | **2,505,666** | [Trade and Bills Receivables and Payables](index=23&type=section&id=10%20%E6%87%89%E6%94%B6%E8%B3%AC%E6%AC%BE%E5%8F%8A%E6%87%89%E6%94%B6%E7%A5%A8%E6%93%9A) As of June 30, 2024, total trade and bills receivables were **20.19 billion yuan** (approx. 71% current), and total trade and bills payables were **20.53 billion yuan** (approx. 70% current), indicating stable working capital management Aging Analysis of Trade and Bills Receivables (Unit: RMB Thousand Yuan) | Aging | June 30, 2024 | December 31, 2023 | | :--- | :--- | :--- | | Within one year | 14,305,129 | 15,557,219 | | One to two years | 2,413,712 | 2,362,572 | | Two to three years | 2,321,575 | 1,039,546 | | Over three years | 1,147,640 | 707,569 | | **Total** | **20,188,056** | **19,666,906** | Aging Analysis of Trade and Bills Payables (Unit: RMB Thousand Yuan) | Aging | June 30, 2024 | December 31, 2023 | | :--- | :--- | :--- | | Within one year | 14,339,989 | 17,347,939 | | One to two years | 3,115,757 | 2,121,168 | | Two to three years | 1,067,066 | 1,051,515 | | Over three years | 2,007,436 | 2,186,795 | | **Total** | **20,530,248** | **22,707,417** |

公司代码：601991 公司简称：大唐发电 2024 年半年度报告 大唐国际发电股份有限公司 2024 年半年度报告 1 / 207 2024 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准 确性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 一、 未出席董事情况 | --- | --- | --- | --- | |----------------|----------------|----------------------|--------------| | | | | | | 未出席董事职务 | 未出席董事姓名 | 未出席董事的原因说明 | 被委托人姓名 | | 董事 | 王剑峰 | 公务原因 | 赵献国 | | 董事 | 金生祥 | 公务原因 | 孙永兴 | 二、 本半年度报告未经审计。 三、 公司负责人李凯、主管会计工作负责人孙延文及会计机构负责人（会计主管人员）王湉 侃声明：保证半年度报告中财务报告的真实、准确、完整。 四、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 报告期内未有经董事会审议 ...

证券代码：601991 证券简称：大唐发电 公告编号：2024-042 大唐国际发电股份有限公司 监事会决议公告 特别提示 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 大唐国际发电股份有限公司（"大唐国际"或"公司"）第十一届十五次监 事会于 2024 年 8 月 22 日（星期四）在公司本部召开。会议通知已于 2024 年 8 月 9 日以书面形式发出。会议应到监事 4 名，实到监事 4 名。会议的召开符合《中 华人民共和国公司法》和《大唐国际发电股份有限公司章程》（"《公司章程》"） 的规定，会议合法有效。会议审议并一致通过如下决议： 一、审议通过《关于选举监事会主席的议案》 表决结果：同意 4 票，反对 0 票，弃权 0 票 同意严习正先生担任公司第十一届监事会主席。其任期自监事会批准之日起 至第十一届监事会任期届满之日（2025 年 6 月 28 日）止。 3.未发现参与半年度报告编制和审议的人员有违反保密规定的行为。 4.同意公司发布 2024 年半年度报告、半年度报告摘要及业绩公告。 三、审议通过《关于公 ...