香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概 不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本 公告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔 任何責任。 大唐國際發電股份有限公司 （於中華人民共和國註冊成立的中外合資股份有限公司） （股份代號：00991） 海外監管及內幕消息公告 2023 第 一 季 度 報 告 根 據 中 國 證 券 監 督 管 理 委 員 會 的 規 定，大 唐 國 際 發 電 股 份 有 限 公 司（「本 公 司」或「 公 司」）需 於 第 一 季 度 和 第 三 季 度 刊 發 季 度 報 告。本 季 度 報 告 內 所載的財務數據均未經審計，並根據中國企業會計準則而編製。本公告乃 為本公司根據證券及期貨條例（香港法例第571 章）第XIVA部下之內幕消息 條 文（ 根 據 香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則（「上 市 規 則」）下 所 定 義）及上市規則第13.09(2)(a)及 13.10B條的規定所發出。 重要內容提示： 公司董事會 、監事會及董事 、監事 、高級管理人員保證季度報告內容的 ...

Financial Performance - The operating revenue for 2022 was RMB 116.828 billion, representing an increase from RMB 103.610 billion in 2021[15]. - The pre-tax profit for 2022 was RMB 77 million, a significant recovery from a loss of RMB 11.077 billion in 2021[15]. - In 2022, the company achieved a net profit attributable to ordinary shareholders of RMB 1,707 million, a significant decrease from a profit of RMB 1,830 million in 2020 and a loss of RMB 10,540 million in 2021[18]. - The total loss before tax from continuing operations was approximately RMB 77 million, a year-on-year increase of about 100.70%, while the net loss attributable to equity holders was approximately RMB 330 million, significantly reduced from RMB 9.10 billion in 2021[35]. - The company reported a total revenue of 23 billion RMB for the fiscal year 2022, reflecting a year-on-year growth of 10%[53]. - The company reported a total revenue of 29 billion RMB for the fiscal year 2022, reflecting a year-on-year increase of 10%[70]. - The company’s operating revenue for the year was approximately RMB 116.83 billion, an increase of about 12.76% compared to the previous year[153]. - The pre-tax profit was approximately RMB 0.77 billion, representing an increase of about 100.70% year-on-year[153]. - The net loss attributable to shareholders was approximately RMB 3.30 billion, a significant reduction from a net loss of RMB 9.10 billion in the previous year[153]. Asset and Liability Overview - As of December 31, 2022, the total assets of Datang International Power Generation Co., Ltd. amounted to approximately RMB 305.105 billion, with total liabilities of RMB 228.773 billion[16]. - The total assets of the company increased to RMB 305,105 million in 2022, up from RMB 296,650 million in 2021, representing a growth of approximately 2.4%[19]. - Total liabilities reached approximately RMB 228.77 billion, an increase of about RMB 8.67 billion, primarily due to an increase in loan principal[37]. - The company had a debt ratio of approximately 74.98% and a net debt-to-equity ratio of approximately 219.66% as of December 31, 2022[38]. Installed Capacity and Energy Production - The installed capacity reached 71,024.37 MW, with a net increase of 2,699.4 MW in 2022, including 1,477.8 MW from thermal power, 338 MW from wind power, and 883.6 MW from solar power[8]. - The total installed capacity increased to 71,024 MW in 2022, up from 68,770 MW in 2021, reflecting a growth of approximately 3.6%[20]. - The total power generation for 2022 was 261.90 billion kWh, a decrease from 272.93 billion kWh in 2021, indicating a decline of about 4.1%[21]. - The installed capacity structure includes 47,514 MW from coal-fired power, 6,100.18 MW from gas-fired power, 9,204.73 MW from hydro power, 5,416.95 MW from wind power, and 2,788.51 MW from solar power[9]. - The company approved a capacity of 10.47 million kW and had 7.39 million kW under construction, with renewable energy projects accounting for 6.98 million kW of the approved capacity[24]. Clean Energy Initiatives - The proportion of low-carbon clean energy increased to 33.10%, up by 2.83 percentage points compared to the end of the previous year[8]. - The company reported a clean energy installed capacity ratio of 33.10% by the end of 2022, an increase of 2.83 percentage points compared to the previous year[24]. - Datang International aims to achieve a green and low-carbon transformation, focusing on multi-energy complementarity and efficient collaboration[8]. - The company is committed to expanding its clean energy portfolio and enhancing its operational efficiency in line with national carbon reduction goals[8]. - The company is actively pursuing green and low-carbon transformation, focusing on wind, solar, and hydropower development, and aims to enhance investment capabilities through its financing platform[84]. Market and Competitive Position - The company operates across 19 provinces in China, with a concentration of thermal power installations in the Beijing-Tianjin-Hebei and southeastern coastal regions[27]. - The company aims to enhance its market competitiveness by optimizing cost control and improving the debt structure to maximize overall efficiency[44]. - The company is expanding its market presence in Southeast Asia, targeting a 20% market share by 2025[57]. - A strategic acquisition of a local competitor is expected to be finalized by Q2 2023, which will enhance the company's operational capabilities[58]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the energy sector[76]. Governance and Management - The company has strengthened its governance and compliance, enhancing information disclosure quality and risk management capabilities[44]. - The company has a strong emphasis on research and development, with several executives holding advanced degrees and significant experience in the energy sector[78][79]. - The company is committed to maintaining high standards of governance and oversight with the appointment of qualified individuals to its board and supervisory roles[76]. - The board of directors includes experienced professionals with extensive backgrounds in the energy sector, ensuring strong leadership[62]. - The company has established a governance framework to continuously improve corporate governance requirements in a changing business environment[135]. Employee and Training Initiatives - The company has a total workforce of 31,227 employees, with 82.7% being male and 17.3% female[45]. - The company has implemented a comprehensive training plan, focusing on developing management and technical talent, with a notable individual selected for the national "Great Craftsman" support program[48]. - The employee training system has been improved with a focus on online training, enhancing training effectiveness[49]. - The company’s independent directors participated in various training types, including regulatory and legal training, forums, and site visits[112]. Financial Management and Investments - The company has invested 500 million RMB in R&D for new technologies aimed at improving energy efficiency[59]. - The company plans to enhance its digital infrastructure, allocating 300 million RMB for technology upgrades in 2023[61]. - The company has undergone a management reshuffle, with several key executives stepping down, including independent non-executive director Mr. Kou Baoquan and supervisor Mr. Wang Tongliang, effective June 29, 2022[76]. - The company is reviewing its financing plans for 2023, including budget proposals for entrusted loans and guarantees[100]. - The company has established a dedicated investor relations management system, engaging with 334 investors and analysts through various communication channels in 2022[83]. Related Party Transactions and Compliance - The company has established a framework agreement with Datang Group for comprehensive products and services, effective from January 1, 2022, to December 31, 2024[189]. - The total transaction amount for related party transactions in 2022 did not exceed the agreed limits, with significant transactions including coal supply amounting to RMB 485 million and procurement services totaling RMB 170 million[188]. - The company confirmed compliance with the standard code of conduct for securities trading by all directors during the year[181]. - The company had no significant transactions or arrangements with directors or supervisors that could create conflicts of interest during the year[183]. Future Outlook - The company plans to focus on high-quality development in 2023, balancing safety, efficiency, and innovation to achieve expected goals[25]. - The company expects a revenue growth of 12% for the next fiscal year, projecting a total revenue of approximately 25.76 billion RMB[55]. - New product launches are anticipated to contribute an additional 2 billion RMB in revenue in the upcoming year[56]. - The company plans to reduce operational costs by 5% through improved efficiency measures in the upcoming year[78].

证券代码：601991 证券简称：大唐发电 公告编号：2023-026 大唐国际发电股份有限公司 关于召开 2023 年第一季度业绩说明会的公告 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。 重要内容提示： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 4 月 27 日(星期四)至 5 月 8 日(星期一)16:00 前登录上证 路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 dtpower@dtpower.com 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 大唐国际发电股份有限公司（以下简称"公司"）将于 2023 年 4 月 28 日发 布公司 2023 年一季度报告，为便于广大投资者更全面深入地了解公司 2023 年一 季度经营成果、财务状况，公司计划于 2023 年 5 月 9 日上午 9:00-10:00 举行 2023 年第一季度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次业绩说 ...

Financial Performance - The company's operating revenue for 2022 was CNY 116,828,044 thousand, representing a 12.76% increase compared to CNY 103,609,894 thousand in 2021[18]. - The net profit attributable to shareholders of the listed company was a loss of CNY 410,168 thousand, an improvement from a loss of CNY 9,097,707 thousand in the previous year[18]. - The net cash flow from operating activities increased significantly to CNY 20,463,660 thousand, up 145.79% from CNY 8,325,541 thousand in 2021[18]. - The total assets of the company at the end of 2022 were CNY 305,052,475 thousand, reflecting a 2.88% increase from CNY 296,517,653 thousand in 2021[18]. - The net profit attributable to shareholders for 2022 was -410,168 thousand yuan, compared to -9,097,707 thousand yuan in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 1,482,205 thousand, an improvement from a loss of CNY 9,824,302 thousand in the previous year, marking an 84.91% reduction in losses[18]. - The company achieved an operating revenue of approximately 116.83 billion yuan in 2022, an increase of 12.76% year-on-year[29]. - The net profit for 2022 was approximately -0.87 billion yuan, showing a significant improvement of 92.57% compared to the previous year[29]. - The company achieved operating revenue of approximately CNY 114.58 billion, an increase of about 12.72% compared to the previous year[37]. - The company reported a total revenue for the year 2022 reached 1,012.60 million, reflecting a significant performance[84]. Cash Flow and Investments - The net cash flow from operating activities for 2022 was 20,463,660 thousand, an increase of 145.79% compared to 8,325,541 thousand in 2021[46]. - The net cash flow from investing activities decreased by 46.94%, from -19,416,917 thousand in 2021 to -13,214,061 thousand in 2022[46]. - The net cash flow from financing activities showed a significant decline of 132.12%, from an inflow of 8,062,519 thousand in 2021 to an outflow of 2,589,369 thousand in 2022[46]. - The company issued CNY 145.5 billion in short-term financing bonds and CNY 182.9 billion in medium-term notes, maintaining a market advantage in interest rates[31]. - The company reported a total of CNY 2,482,970 thousand in entrusted loans, with an overdue amount of CNY 1,347,700 thousand[150]. - The total amount of guarantees provided by the company reached CNY 4,163,143 thousand, accounting for 5.46% of the company's net assets[148]. Operational Efficiency and Capacity - The installed capacity of the company reached 71,024.37 MW by the end of 2022, with low-carbon clean energy capacity accounting for 33.1%[28]. - The company completed a total of 2,469.30 billion kWh of electricity generation in 2022[29]. - The average utilization hours for the company's units were 3,836 hours, a decrease of 234 hours year-on-year, indicating a decline in operational efficiency[61]. - The overall efficiency of coal-fired units was reported at 4,225 hours, reflecting a decrease of 226 hours year-on-year[61]. - The company has ongoing projects in various stages, including operational, under construction, and planned, across multiple energy sectors[62]. Environmental Compliance and Sustainability - The company has implemented ultra-low emission modifications across all coal-fired power units, ensuring compliance with emission permits[128]. - The company achieved a total emission reduction of 8,752,820 tons of CO2 equivalent through various decarbonization measures[129]. - The company is actively monitoring and reporting emissions to maintain compliance and improve environmental performance[120]. - The company has established pollution control facilities, including dust removal, desulfurization, denitrification, and wastewater treatment, which are operating effectively[124]. - The company has invested a total of 5.27 million yuan in public welfare projects, benefiting numerous individuals through donations to organizations like the Red Cross and youth foundations[130]. Governance and Management - The company has established a comprehensive corporate governance structure, ensuring that the board of directors and supervisory board operate in accordance with legal and regulatory requirements[77]. - The management team effectively controlled daily operations within the authority granted by the board, regularly reporting on the execution of board and shareholder resolutions[78]. - The company has strengthened its internal control system, ensuring no significant deficiencies in financial reporting were found during the evaluation[78]. - The company has a performance-based salary system, linking employee income to job value and performance contributions[110]. - The company has undergone changes in its board composition, with several new appointments and dismissals in 2022 and 2023[96]. Future Outlook and Strategic Initiatives - The company plans to expand its market presence and invest in new technologies, although specific figures were not disclosed during the call[199]. - The company aims to enhance its market competitiveness by implementing lean management and optimizing its debt structure to maximize overall efficiency[74]. - The company plans to accelerate its green transition and innovation-driven development, focusing on renewable energy and improving the efficiency of coal power generation[74]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[86]. - The company is committed to continuous improvement in financial performance and operational excellence[84].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概 不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本 公告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔 任何責任。 大唐國際發電股份有限公司 （於中華人民共和國註冊成立的中外合資股份有限公司） （股份代號：00991） 2022 年 度 業 績 公 告 經營及財務摘要： 截至12 月31日止年度 2022年 2021年 變動 人民幣億元 人民幣億元 % （經重列） （除另有 （除另有 說明外） 說明外） 經營收入 1,168.28 1,036.10 12.76 稅前利潤╱（虧損） 0.77 (110.77) 100.70 歸屬於本公司權益 ...

证券代码：601991 证券简称：大唐发电 公告编号： 2023-016 2023 年 3 月 30 日(星期四)上午 10 点至 11 点 三、 公司参加人员 董事长、总经理：梁永磐先生 大唐国际发电股份有限公司 关于召开 2022 年度业绩说明会的公告 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。 重要内容提示： 大唐国际发电股份有限公司（以下简称"公司"）将于 2023 年 3 月 28 日发 布公司 2022 年年度报告，为便于广大投资者更全面深入地了解公司 2022 年度经 营成果、财务状况，公司计划于 2023 年 3 月 30 日(星期四)上午 10 点至 11 点举 行 2022 年度业绩说明会电话会议，就投资者关心的问题进行交流。 一、 说明会内容 本次投资者说明会以电话会议形式召开，公司将针对 2022 年度经营成果及 财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围内就 投资者普遍关注的问题进行回答。 二、 说明会召开的时间 董事会秘书、总会计师：孙延文先生 副总经理：路平先生 ...

Financial Performance - The company's operating revenue for Q3 2022 was CNY 31,651,517,000, representing a year-on-year increase of 27.84% compared to CNY 24,758,216,000 in the same period last year[4]. - The net profit attributable to shareholders of the listed company was CNY -635,584,000, a decrease of 60.78% from CNY -1,620,373,000 in the previous year[4]. - The basic earnings per share were CNY -0.0509, an improvement of 52.37% from CNY -0.1070 in the previous year[5]. - The company reported a total comprehensive income of RMB 753,353 thousand for the third quarter of 2022, compared to RMB 33,551 thousand in the same quarter of 2021[24]. - The company achieved an operating profit of 1,283,006 thousand RMB, compared to 632,225 thousand RMB in the same quarter of 2021, showing improved operational efficiency[56]. - The company reported a significant increase in investment income, reaching RMB 1,472,474 thousand in the third quarter of 2022, compared to RMB 2,113,161 thousand in the same quarter of 2021[23]. - The company reported a non-recurring gain of CNY 206,429,000 for the current period, contributing to the overall financial performance[6]. Cash Flow and Assets - The net cash flow from operating activities was CNY 18,905,412,000, an increase of 16.74% compared to CNY 16,195,064,000 in the same period last year[5]. - The company achieved a net cash inflow from operating activities of RMB 104,456,989 thousand in the first three quarters of 2022, compared to RMB 84,754,476 thousand in the same period of 2021[27]. - The net cash flow from investing activities was -10,829,744 thousand RMB, compared to -7,397,367 thousand RMB in the previous year, indicating a significant increase in cash outflow for investments[28]. - Cash inflow from financing activities totaled 124,897,695 thousand RMB, a substantial increase from 82,039,259 thousand RMB year-over-year[28]. - The total assets at the end of the reporting period were CNY 294,853,991,000, a decrease of 0.56% from CNY 296,517,653,000 at the end of the previous year[5]. - The company's cash and cash equivalents at the end of the period were 10,428,386 thousand RMB, a decrease from 10,407,067 thousand RMB year-over-year[28]. - The total liabilities reached RMB 204,074,976 thousand, an increase from RMB 196,915,600 thousand at the end of 2021[20]. Shareholder Information - The company’s major shareholder, China Datang Corporation, holds approximately 53.09% of the total issued shares[17]. - The total number of ordinary shareholders at the end of the reporting period is 165,428[44]. - The largest shareholder, China Datang Group Co., Ltd., holds 6,540,706,520 shares, accounting for 35.34% of the total shares[44]. - The total shares held by the top ten shareholders account for approximately 53.09% of the total issued shares[50]. Strategic Plans and Market Expansion - The company plans to expand its market presence through acquisitions, including the 100% stake acquisition of subsidiaries in the solar energy sector[5]. - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[17]. - The company completed the acquisition of 100% equity in two solar energy subsidiaries, enhancing its market presence in renewable energy[37]. - The company plans to continue expanding its renewable energy portfolio and enhance operational efficiency through strategic acquisitions and investments[37]. Research and Development - Research and development expenses for the third quarter of 2022 amounted to RMB 8,150 thousand, significantly higher than RMB 918 thousand in the same quarter of 2021[23]. - The company has made retrospective adjustments to financial statements in accordance with new accounting standards[66].

Financial Performance - The company's operating revenue for the third quarter reached RMB 31,651.5 million, an increase of 27.84% compared to RMB 24,758.2 million in the same period last year[4]. - The net profit attributable to shareholders of the listed company was a loss of RMB 635.6 million, improving by 60.78% from a loss of RMB 1,620.4 million year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of RMB 842.0 million, a decrease of 49.61% compared to a loss of RMB 1,671.0 million in the previous year[4]. - The basic earnings per share were RMB -0.0509, an improvement of 52.37% from RMB -0.1070 in the same period last year[4]. - The total operating profit for the first three quarters of 2022 was RMB 1,283,006 thousand, compared to RMB 632,225 thousand in the same period of 2021, representing a 103% increase[25]. - Net profit for the first three quarters of 2022 reached RMB 574,272 thousand, a significant increase from RMB 32,316 thousand in 2021, marking a growth of 1,679%[25]. - The total comprehensive income attributable to the parent company for the first three quarters of 2022 was RMB 753,353 thousand, compared to RMB 33,551 thousand in 2021, indicating a substantial increase[26]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 294,854.0 million, a decrease of 0.56% from RMB 296,517.7 million at the end of the previous year[5]. - The equity attributable to shareholders of the listed company decreased by 4.88% to RMB 59,358.0 million from RMB 62,406.0 million at the end of the previous year[5]. - Total liabilities increased to CNY 222,073,839 as of September 30, 2022, compared to CNY 220,079,044 at the end of 2021, marking an increase of about 0.9%[21]. - The company’s total equity decreased to CNY 72,780,152 as of September 30, 2022, from CNY 76,438,609 at the end of 2021, indicating a decline of approximately 4.3%[22]. Cash Flow - The net cash flow from operating activities for the year-to-date was RMB 18,905.4 million, an increase of 16.74% compared to RMB 16,195.1 million in the previous year[4]. - Cash flow from investing activities decreased by 46.40% mainly due to increased capital expenditures for fixed asset construction[11]. - Cash flow from financing activities decreased by 40.37% primarily due to an increase in debt repayment amounts during the period[11]. - The company reported a net cash outflow from investing activities of RMB 10,829,744 thousand in the first three quarters of 2022, compared to RMB 7,397,367 thousand in 2021, indicating an increase in investment expenditures[70]. - The cash inflow from financing activities for the first three quarters of 2022 was RMB 124,897,695 thousand, significantly higher than RMB 82,039,259 thousand in 2021, reflecting a growth of approximately 52.4%[70]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 165,428[11]. - The largest shareholder, China Datang Corporation, holds 6,540,706,520 shares, accounting for 35.34% of total shares[12]. - The second largest shareholder, HKSCC NOMINEES LIMITED, holds 6,084,988,247 shares, representing 32.88% of total shares[12]. Non-Recurring Gains and Adjustments - The company reported non-recurring gains of RMB 206.4 million for the year-to-date, with significant contributions from asset disposals and government subsidies[7]. - The company has made adjustments to its financial statements in accordance with new accounting standards, impacting the reported figures for revenue recognition[6]. - The company reported a significant reduction in credit impairment losses by 99.89% compared to the previous period[10]. Strategic Acquisitions and Investments - The company completed the acquisition of 100% equity in two solar energy subsidiaries under the same controlling group, enhancing its market position[41]. - The company aims to expand its market presence through strategic acquisitions and investments in renewable energy sectors[41].

Financial Performance - The company's operating revenue was approximately RMB 55.598 billion, an increase of about 9.99% compared to the first half of 2021[7]. - The total profit before tax was approximately RMB 2.024 billion, a decrease of about 37.43% compared to the first half of 2021[8]. - The net profit attributable to equity holders of the company was approximately RMB 1.440 billion, a decrease of about 19.22% compared to the first half of 2021[8]. - Basic earnings per share attributable to shareholders was approximately RMB 0.0382, a decrease of RMB 0.0197 per share compared to the first half of 2021[7]. - Operating profit decreased to RMB 4,119,011 thousand, down 19.7% from RMB 5,133,045 thousand year-over-year[37]. - Net profit for the period was RMB 1,368,530 thousand, a decline of 44% compared to RMB 2,440,478 thousand in the previous year[38]. - Total comprehensive income for the period was RMB 1,575,485 thousand, compared to RMB 2,415,910 thousand in the prior year, reflecting a decrease of 34.8%[38]. - The company reported a total profit of RMB 2,023,648 thousand under International Financial Reporting Standards for the six months ended June 30, 2022, down from RMB 3,234,277 thousand in the previous year[64]. - The company's profit for the six months ended June 30, 2022, was RMB 707,821,000, a decrease of 34% compared to RMB 1,070,629,000 for the same period in 2021[75]. Revenue and Sales - Operating revenue for the six months ended June 30, 2022, was RMB 55,597,855 thousand, an increase of 10.1% from RMB 50,549,185 thousand in the same period of 2021[37]. - The revenue from electricity and heat sales was RMB 52,072,169,000, compared to RMB 47,837,081,000 in the previous year, reflecting a growth of 4.9%[57]. - The total revenue for the first half of 2022 was RMB 18,506,711 thousand, compared to RMB 14,338,410 thousand in the same period last year[149]. - The total revenue from coal sales and transportation by Datang (Beijing) Coal Sales Co., Ltd. was RMB 229,231,000 for the six months ended June 30, 2022, compared to RMB 37,980,000 in the same period of 2021, representing a significant increase of 503.5%[98]. - The company reported a total inter-segment revenue of RMB 4,736,213 thousand for the six months ended June 30, 2022, compared to RMB 3,388,207 thousand in the same period of 2021, indicating an increase of approximately 39.9%[169]. Operating Costs and Expenses - The total operating costs amounted to approximately RMB 51.479 billion, an increase of about RMB 6.063 billion or 13.35% compared to the same period last year[12]. - The company reported a decrease in total operating costs to RMB 51,478,844 thousand from RMB 45,416,140 thousand year-over-year, reflecting a rise in fuel costs[145]. - The total cost of property, plant, and equipment purchased in the six months ended June 30, 2022, was RMB 4,116,150,000, an increase from RMB 3,436,471,000 in the same period of 2021[76]. - The company's environmental protection costs were RMB 1,316,813,000 for the six months ended June 30, 2022, compared to RMB 1,418,477,000 in the previous year[73]. Assets and Liabilities - As of June 30, 2022, the company's total assets were approximately RMB 293.315 billion, a decrease of about RMB 3.334 billion compared to the end of 2021[12]. - The company's debt-to-asset ratio was 72.56% as of June 30, 2022[12]. - The total liabilities as of June 30, 2022, were RMB 212,807,304 thousand, down from RMB 220,079,044 thousand at the end of 2021, representing a decrease of approximately 3.3%[171]. - The company's total liabilities decreased to RMB 26,768,512,000 as of June 30, 2022, from RMB 30,878,506,000 at the end of 2021, a reduction of approximately 13%[190]. - The company's net current liabilities were approximately RMB 50,969,193 thousand, with available bank financing exceeding RMB 150 billion, ensuring sufficient liquidity for operational needs[154]. Financing and Capital Structure - The company has raised approximately HKD 62.22 billion from the issuance of 2,794,943,820 H shares, with funds primarily allocated for general corporate purposes[21]. - The company issued a total of RMB 9.55 billion in ultra-short-term financing bonds during the reporting period[26]. - The company issued RMB 13.29 billion in medium-term notes, including RMB 290 million in the first batch of transformation bonds[26]. - The company redeemed a perpetual bond, paying a total of RMB 4.1884 billion in principal and interest[26]. - The company continues to pledge its H-shares to Wing Lung Bank, with the pledge period extended until March 17, 2025[6]. - The company issued perpetual bonds totaling RMB 7,000,000,000 with a coupon rate ranging from 2.97% to 3.18%, netting RMB 6,997,776,000 after issuance costs[85]. Governance and Compliance - The board of directors recommended not to declare an interim dividend for 2022[15]. - The company confirmed that its public float of H-shares and A-shares complies with listing rules as of June 30, 2022[33]. - The audit committee reviewed the interim results and confirmed compliance with applicable accounting standards[35]. - The company has maintained compliance with the Corporate Governance Code during the reporting period, with no significant deviations noted[30]. - The company has not engaged in the purchase, sale, or redemption of its listed securities during the reporting period[29]. Employee and Management - As of June 30, 2022, the total number of employees in the group was 32,641, with a focus on performance-oriented salary management[13]. - The board of directors has undergone changes, with new appointments including Jin Rifeng as deputy general manager and Sun Yanwen as chief accountant[26][28]. Strategic Initiatives - The company aims to maximize efficiency by implementing lean management principles across all operational processes, including safety production and investment development[14]. - The company is focused on enhancing profitability by optimizing asset structure and controlling costs while exploring new financing categories[14]. - The company plans to continue expanding its new energy resources and improve project implementation capabilities[14]. - The company continues to focus on resource allocation and performance evaluation based on pre-tax profits under Chinese accounting standards[62]. - The company plans to continue expanding its power generation capacity and coal trading operations to enhance revenue streams in the upcoming periods[153].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 50,549,185 thousand, representing a year-on-year increase of 9.99% due to the rise in average electricity settlement prices[14]. - The net profit attributable to shareholders decreased by 20.82% to CNY 1,767,745 thousand, primarily due to a significant increase in fuel costs[14]. - The basic earnings per share (EPS) fell by 36.67% to CNY 0.0361, while the diluted EPS also decreased by 36.67%[15]. - The net cash flow from operating activities was CNY 10,758,487 thousand, reflecting a year-on-year increase of 19.50%[14]. - The total assets of the company were CNY 296,517,653 thousand, showing a slight decrease of 1.12% compared to the end of the previous year[14]. - The weighted average return on equity (ROE) was 2.22%, down by 0.33 percentage points from the previous year[15]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 49.22% to CNY 2,233,676 thousand[14]. - The company reported a net profit attributable to shareholders of 706 thousand RMB from subsidiaries under common control[20]. - The company reported a net profit of 1,134,249 thousand RMB for the first half of 2022, a decrease of 49.22% compared to the same period last year[87]. - The company's total equity increased to CNY 82,275,164, compared to CNY 77,036,030 in the previous period[96]. Operating Costs and Expenses - Operating costs rose to 50,050,420 thousand RMB, reflecting a 16.20% increase from 43,072,275 thousand RMB year-over-year[26]. - The company incurred research and development expenses of CNY 8, a significant decrease from CNY 801 in the previous year, indicating a reduction of 99.0%[100]. - The financial expenses for the first half of 2022 were CNY 504,262, up from CNY 444,074 in the previous year, indicating an increase of 13.6%[100]. - The company reported a financial expense of CNY 3,372,502, compared to CNY 3,246,579 in the first half of 2021[98]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 19.50% to 12,856,090 thousand RMB, up from 10,758,487 thousand RMB in the previous year[26]. - The company's cash and cash equivalents at the end of the period amounted to 12,901,079 thousand RMB, an increase from 11,273,676 thousand RMB at the beginning of the period, representing a growth of approximately 14.43%[188]. - The company reported a total cash outflow from investment activities of 2,407,737 thousand RMB, compared to 1,415,859 thousand RMB in the previous year[106]. - The net cash flow from financing activities was -713,781 thousand RMB, a decrease from a positive cash flow of 1,354,194 thousand RMB in the previous year[106]. Assets and Liabilities - The total liabilities due within one year increased by 41.44% to 22,009,475 thousand RMB, compared to 15,561,509 thousand RMB at the end of the previous year[29]. - The company's total liabilities increased significantly, with borrowings reaching 66,403,130 thousand RMB, up from 41,596,610 thousand RMB in the previous year[104]. - The company's asset-liability ratio improved to 72.58% from 74.22% at the end of the previous year, reflecting a decrease of 2.21%[87]. - Total current assets decreased from 45,659,226 thousand RMB to 43,162,791 thousand RMB, a decline of approximately 5.5%[91]. Investments and Capital Expenditures - The company's total long-term equity investment during the reporting period was 19,626,124 thousand RMB, with an increase of 1,663,757 thousand RMB compared to 17,962,367 thousand RMB in the previous year[34]. - The company has a total of 396,881 thousand RMB in notes receivable that have been endorsed or discounted but not yet matured[190]. - The company has a total of 48,494 thousand RMB in notes receivable at the end of the period, down from 64,571 thousand RMB at the beginning, indicating a decrease of approximately 24.93%[189]. Renewable Energy Projects - The company is actively expanding into new energy service areas, including the construction of virtual power plants[24]. - The company added 224.2 MW of new installed capacity, all from renewable energy sources, increasing the proportion of low-carbon clean energy to 30.5%[22]. - The company has multiple renewable energy projects with varying capacities, including 15 MW projects in Inner Mongolia and Yunnan, and 12.5 MW projects in Liaoning and Jiangsu[178]. - The company is expanding its wind and solar energy projects across several provinces, with significant projects in Ningxia and Inner Mongolia set to be completed by 2030[182]. Environmental Responsibility and Compliance - The company has implemented pollution prevention facilities, including desulfurization, denitrification, and wastewater treatment, all of which meet or exceed national emission standards[45]. - All subsidiaries have established emergency response plans for environmental incidents, with no such incidents reported in the first half of 2022[47]. - The company has committed to avoid direct or indirect competition with its controlling shareholder, Datang Group, in power project development[55]. - The company has made significant progress in green energy transition, increasing the proportion of clean energy while optimizing energy efficiency in existing coal-fired power plants to reduce carbon emissions[52]. Governance and Management - The company is focusing on enhancing its governance structure to improve decision-making efficiency and operational effectiveness[24]. - The company has made changes in its board and management, including the election of new independent directors and the appointment of a new chief accountant[42]. - The company has not faced any major litigation or arbitration matters during the reporting period[59]. Tax Incentives and Government Support - The company is leveraging tax incentives for its renewable energy projects, with various deadlines for tax benefits extending into the next decade[181]. - Tax incentives are applicable for Jiangxi Datang International Shicheng Wind Power Co., Ltd., with benefits valid until December 31, 2024[180]. - The company has extended tax incentives for heating enterprises until the end of the 2023 heating season, which may positively impact operational costs[187]. Shareholder Information - The company’s top shareholder, China Datang Group Co., Ltd., holds 6,540,706,520 shares, representing 35.34% of the total shares[75]. - The company had a total of 201,896 common stock shareholders by the end of the reporting period[74]. - The company’s total amount of guarantees provided to subsidiaries was 2,887,060 thousand RMB, with a total guarantee amount of 4,663,574 thousand RMB for three major guarantees[73].