Financial Performance - The company's operating revenue for 2021 was CNY 31.57 billion, an increase of 54.34% compared to CNY 20.45 billion in 2020[20]. - The net profit attributable to shareholders for 2021 was CNY 2.13 billion, a decrease of 46.57% from CNY 3.98 billion in 2020[20]. - The net cash flow from operating activities was CNY 4.31 billion, down 30.44% from CNY 6.19 billion in 2020[20]. - Basic earnings per share for 2021 were CNY 0.32, a decline of 58.97% compared to CNY 0.78 in 2020[20]. - Total assets at the end of 2021 were CNY 131.51 billion, an increase of 15.29% from CNY 114.06 billion at the end of 2020[20]. - Net assets attributable to shareholders at the end of 2021 were CNY 45.31 billion, up 19.35% from CNY 37.96 billion at the end of 2020[20]. - The company reported a quarterly revenue of CNY 10.99 billion in Q4 2021, contributing to a total annual revenue of CNY 31.57 billion[25]. - The company experienced a net loss of CNY 403.86 million in Q4 2021, contrasting with profits in the earlier quarters[25]. - The weighted average return on equity for 2021 was 5.60%, a decrease of 8.97 percentage points from 14.57% in 2020[20]. - The company reported a government subsidy of CNY 19,609,348.40 in 2021, down from CNY 61,250,092.24 in 2020, indicating a reduction in government support[26]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 1.75 RMB per 10 shares to all shareholders, based on a total of 4,757,389,916 shares[4]. - The cash dividend distribution plan is based on a total share capital of 4,757,389,916 shares, with no stock dividends or capital reserve transfers proposed for the year[148]. Governance and Compliance - The company is committed to ensuring the accuracy and completeness of its financial reports, as stated by its management team[3]. - The company emphasizes its commitment to environmental and social responsibility as part of its corporate governance[5]. - The company has a structured board of directors and supervisory board to ensure effective governance and oversight[4]. - The company has established a governance structure that ensures equal rights for all shareholders and effective checks and balances among its decision-making bodies[102]. - The company has implemented strict information disclosure and investor relations management systems to enhance transparency and prevent insider trading[103]. - The company has not reported any significant discrepancies between its governance practices and the regulations set forth by the China Securities Regulatory Commission[102]. - The company has a structured approach to managing conflicts of interest, ensuring that the controlling shareholder does not interfere with the company's operations[104]. - The company has developed internal rules for board meetings and supervisory committees to ensure diligent oversight and accountability[103]. Environmental and Social Responsibility - The company emphasizes its commitment to environmental and social responsibility as part of its corporate governance[5]. - The company has implemented ultra-low emission standards, achieving compliance with the GB_13223-2011 air pollutant discharge standards[162]. - The company is actively pursuing strategies to reduce emissions further, aiming for smoke dust ≤ 5 mg/Nm3, sulfur dioxide ≤ 25 mg/Nm3, and nitrogen oxides ≤ 30 mg/Nm3[163]. - The company is committed to continuous improvement in emission reductions and environmental performance as part of its corporate strategy[163]. - Shenzhen Energy Group is recognized as a key pollutant discharge unit by environmental authorities, reflecting its significant role in the energy sector[161]. Strategic Development and Future Plans - The company plans to focus on clean energy and environmental protection as part of its strategic development goals for the "14th Five-Year Plan" period[33]. - The company’s total investment in new energy projects is expected to drive future growth and align with national carbon neutrality goals[33]. - The company is currently developing a new 500-ton grate design to improve product offerings and efficiency[60]. - The company is focusing on sustainability initiatives, with a goal to reduce carbon emissions by 25% by 2025[112]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share by 2025[110]. Research and Development - The company’s research and development investment was CNY 372.51 million, a year-on-year increase of 18.12%[47]. - The total remuneration for the company's directors, supervisors, and senior management during the reporting period amounted to CNY 1,563.3 million[124]. - The company has allocated 1 billion RMB for research and development in new technologies over the next three years[112]. - The company has implemented a long-term incentive plan since 2019 to motivate core talents and align with strategic goals, focusing on low-carbon clean energy and urban environmental governance[150]. Legal and Litigation Matters - The company is involved in significant litigation, with a total claim amount of RMB 12,653.9 million in various cases, including a notable case involving a claim of RMB 1,229.79 million[187]. - The company has not faced any bankruptcy reorganization or delisting issues during the reporting period, indicating financial stability[186]. - The company has a pending arbitration case seeking 1,717,743.15 USD plus 14% interest from a Ghanaian company[188]. - The company has recognized a total of 18,353,422.59 CNY in incremental revenue from frequency auxiliary services[188]. Operational Performance - The company achieved a daily waste processing capacity of 29,700 tons by the end of 2021, an increase of 2,900 tons per day, representing a growth of 10.82% compared to the end of 2020[36]. - The company’s total waste treatment volume reached 10.4299 million tons in 2021, reflecting a year-on-year growth of 18.33%[36]. - The company’s gas pipeline network expanded to 4,790 kilometers, serving nearly 600,000 residential users and 5,443 commercial users by the end of 2021[36]. - The company’s overall electricity sales volume reached 535.30 billion kWh in 2021, a year-on-year increase of 37.72%[37]. Market and Sales Performance - The company achieved a revenue of CNY 31.57 billion, an increase of 54.34% year-on-year, driven by higher sales volume and electricity prices[47]. - The electricity segment generated ¥19.94 billion, accounting for 63.15% of total revenue, with a year-on-year growth of 42.44%[49]. - The company sold 507.24 billion kWh of electricity in 2021, a 38.45% increase from 366.38 billion kWh in 2020[52]. - Major customers accounted for 67.42% of total sales, with the top customer, Guangdong Power Grid, contributing 51.01% of total sales[58]. Employee and Talent Management - The total number of employees at the end of the reporting period was 12,808, with 174 from the parent company and 12,634 from major subsidiaries[141]. - The professional composition includes 2,975 production personnel, 2,883 technical personnel, 458 financial personnel, and 652 administrative personnel[142]. - The company has established a talent development system focusing on professional training and mentorship, aiming to enhance the skills of high-quality personnel[144]. - The company emphasizes continuous employee training and has established a talent pool for targeted development, avoiding a broad approach to talent cultivation[144].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 7,308,816,543.13, representing a year-on-year increase of 23.69%[3] - The net profit attributable to shareholders for Q3 2021 was CNY 869,364,265.31, a decrease of 17.54% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 728,156,303.44, down 25.84% year-on-year[3] - The basic earnings per share for Q3 2021 was CNY 0.1294, a decrease of 41.61% compared to the same period last year[3] - The weighted average return on equity for Q3 2021 was 2.25%, down 1.59 percentage points year-on-year[3] - The net profit attributable to shareholders decreased by 34.99%, mainly due to the absence of compensation received in the same period last year[8] - Net profit for the current period was ¥2,784,919,137.22, a decrease of 33.5% compared to ¥4,184,220,773.69 in the previous period[18] - Total comprehensive income attributable to the parent company was ¥2,347,298,511.54, down from ¥3,617,030,787.24 in the previous period[19] Revenue and Costs - The company's operating revenue increased by 39.95% due to higher electricity sales and waste processing volumes[7] - Operating costs rose by 54.98%, primarily driven by increased electricity sales, waste processing volumes, and rising fuel prices[7] - Total operating revenue for the current period reached ¥20,571,694,048.53, a 39.8% increase from ¥14,699,267,847.44 in the previous period[17] - Total operating costs increased to ¥18,058,058,240.44, up 43.8% from ¥12,541,394,219.64 in the previous period[17] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to CNY 126,861,100,734.36, an increase of 11.22% from the end of the previous year[3] - Current assets totaled CNY 26.32 billion, up from CNY 21.38 billion year-over-year, indicating a growth of about 23.5%[14] - Total liabilities amounted to CNY 76.75 billion, up from CNY 72.21 billion, which is an increase of about 6.9%[15] - The company's financial assets decreased by 48.33% due to the sale of funds and changes in fair value[7] - Total liabilities amounted to CNY 72,208,654,674.56, a decrease of CNY 286,868,725.64 compared to the previous period[25] - The company's total assets were CNY 114,062,264,205.09, with a slight decrease of CNY 286,868,725.64 from the previous period[25] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 3,231,820,823.95, a decrease of 28.23% compared to the same period last year[3] - Cash flow from operating activities generated ¥3,231,820,823.95, down 28.3% from ¥4,503,152,449.48 in the previous period[20] - Cash inflow from investment activities totaled CNY 2,304,255,894.56, a decrease of 30% compared to CNY 3,287,900,505.87 in the previous year[21] - Cash outflow for the acquisition of fixed assets, intangible assets, and other long-term assets was CNY 8,802,418,244.63, down from CNY 9,493,325,529.73, representing a reduction of approximately 7%[21] - Net cash flow from financing activities was CNY 6,930,649,991.11, an increase of 9% compared to CNY 6,355,959,578.32 in the same period last year[21] Investments and Projects - The investment income surged by 91.04%, attributed to increased returns from joint ventures and the disposal of long-term equity investments[7] - The company plans to expand its capacity with new projects, including the second phase of Heyuan Power Plant and several solar and wind projects[12] Other Financial Metrics - Non-recurring gains and losses totaled CNY 141,207,961.87 for Q3 2021, with significant contributions from asset disposals and government subsidies[4] - The company reported a VAT refund related to wind power generation amounting to CNY 14,549,264.72, which is not classified as a non-recurring gain or loss[6] - Research and development expenses decreased to ¥65,403,342.04 from ¥166,123,385.59, a reduction of 60.7%[17] - The company reported a tax expense of ¥366,972,784.16, slightly up from ¥354,096,960.02 in the previous period[18] - Other income increased to ¥75,932,674.08 from ¥40,536,830.83, marking an increase of 87.0%[17] Changes in Accounting Standards - The company has implemented new leasing standards affecting the financial statements, necessitating adjustments to the balance sheet[22] - The company adopted the new leasing standards effective January 1, 2021, impacting accounting policies[25]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 13,262,877,505.40, representing a 50.88% increase compared to CNY 8,790,240,880.21 in the same period last year[18]. - The net profit attributable to shareholders of the listed company decreased by 41.47% to CNY 1,663,013,754.70 from CNY 2,841,063,213.82 year-on-year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 104.36% to CNY 1,729,764,119.43 from CNY 846,438,450.26 in the previous year[18]. - The net cash flow from operating activities was CNY 2,716,879,970.51, an increase of 12.63% compared to CNY 2,412,311,344.23 in the same period last year[18]. - The total assets at the end of the reporting period were CNY 121,814,858,853.90, a 6.80% increase from CNY 114,062,264,205.09 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company increased by 18.83% to CNY 45,111,994,899.23 from CNY 37,963,028,589.78 at the end of the previous year[18]. - The basic earnings per share decreased by 41.46% to CNY 0.3496 from CNY 0.5972 in the same period last year[18]. - The weighted average return on net assets decreased by 5.25 percentage points to 6.01% from 11.26% in the previous year[18]. Revenue and Cost Analysis - Operating costs rose by 56.11% to ¥9.62 billion from ¥6.16 billion, driven by higher coal and natural gas prices alongside increased sales volume[45]. - The ecological and environmental protection segment saw a remarkable 124.13% increase in revenue, reaching ¥2.11 billion, up from ¥943 million[48]. - The comprehensive gas segment also experienced significant growth, with revenue increasing by 120.03% to ¥1.68 billion from ¥764 million[48]. - The average selling price of electricity was 0.41 yuan/kWh, showing a slight increase compared to the previous year[33]. Operational Capacity and Development - The company’s controllable installed power generation capacity reached 13.8394 million kW, with clean energy accounting for over 66% of the total capacity[29]. - The company processed a total of 5.0027 million tons of waste during the reporting period, with a daily processing capacity of 26,800 tons[30]. - The total installed capacity reached 1,383.94 million kW, with a year-to-date increase of 109.81 million kW, and 284.80 million kW under construction[31]. - The company’s wind power installed capacity reached 288.42 million kW, accounting for 20.84% of the total installed capacity, with several new projects approved and under construction[35]. - The photovoltaic installed capacity was 114.72 million kW, representing 8.29% of the total, with new projects in Henan and Guangdong underway[36]. Environmental and Regulatory Compliance - The company has established a leading position in environmental protection technologies, achieving emissions standards that exceed both national and EU benchmarks[39]. - The company is committed to enhancing environmental protection measures in response to increasingly stringent external regulations[77]. - The company reported a reduction in sulfur dioxide emissions to 19.26 mg/Nm3, achieving compliance with the GB_13223-2011 standard[85]. - Nitrogen oxide emissions were recorded at 42.34 mg/Nm3, which is below the regulatory limit set by GB_13223-2011[85]. - The company achieved a dust emission level of 4.69 mg/Nm3, meeting the ultra-low emission standards[85]. Strategic Initiatives and Future Outlook - The company aims to increase the share of non-fossil energy to around 25% by 2030, with a target of over 1.2 billion kW for wind and solar power combined[37]. - The company plans to actively pursue market-oriented projects and acquisitions in the renewable energy sector to enhance its competitive edge and cost efficiency[37]. - The company is focused on expanding its renewable energy investments, as indicated by the establishment of new subsidiaries in the energy sector[75]. - Future guidance indicates a projected revenue growth of 10-15% for the full year 2021, supported by increased energy demand[147]. Shareholder and Governance Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The controlling shareholder, Shenzhen State-owned Assets Supervision and Administration Commission, has no outstanding court judgments or significant debts due[109]. - The company has no significant related party transactions during the reporting period, including asset acquisitions or joint investments[112][113]. - The total number of ordinary shareholders at the end of the reporting period was 221,033[154]. Risk Management and Challenges - The company has identified risks related to the COVID-19 pandemic, electricity market fluctuations, fuel cost volatility, and environmental policies[5]. - The company anticipates intensified market competition due to the acceleration of electricity market reforms and the integration of renewable energy[76]. - The company will optimize fuel procurement strategies to reduce comprehensive fuel costs amid rising domestic coal prices and international shipping costs reaching a ten-year high[76].

Financial Performance - The company's operating revenue for Q1 2021 was CNY 5,697,852,534.15, representing a 59.34% increase compared to CNY 3,575,983,677.75 in the same period last year[4] - Net profit attributable to shareholders was CNY 471,027,301.70, a 124.53% increase from CNY 209,786,202.18 year-on-year[4] - The net profit after deducting non-recurring gains and losses reached CNY 500,531,465.83, up 136.51% from CNY 211,634,285.73 in the previous year[4] - The basic earnings per share increased to CNY 0.0990, a rise of 124.49% compared to CNY 0.0441 in the same quarter last year[4] - Operating revenue increased by 59.34% year-on-year, while operating costs rose by 59.65%, resulting in a net profit attributable to shareholders increasing by 124.53%[13] - The company reported a significant increase in cash reserves, which is expected to support future expansion and investment strategies[25] - The net profit for Q1 2021 was CNY 565,444,433.32, compared to CNY 237,224,437.84 in Q1 2020, reflecting an increase of approximately 138.0%[34] Assets and Liabilities - The total assets at the end of the reporting period were CNY 120,132,771,202.13, reflecting a 5.32% increase from CNY 114,062,264,205.09 at the end of the previous year[4] - The net assets attributable to shareholders amounted to CNY 41,250,794,366.99, an 8.66% increase from CNY 37,963,028,589.78 at the end of the last year[4] - As of March 31, 2021, current assets totaled approximately ¥26.19 billion, an increase of 22.5% from ¥21.38 billion on December 31, 2020[25] - Total assets reached approximately ¥120.13 billion, compared to ¥114.06 billion, indicating a growth of 5.5%[28] - Current liabilities decreased to approximately ¥21.99 billion from ¥22.79 billion, a reduction of 3.5%[27] - Long-term borrowings increased to approximately ¥28.05 billion from ¥24.65 billion, showing a rise of 13.7%[27] - Total liabilities amounted to approximately ¥74.91 billion, up from ¥72.21 billion, reflecting a growth of 3.7%[27] - The total equity attributable to shareholders increased to approximately ¥41.25 billion from ¥37.96 billion, a growth of 6.8%[28] Cash Flow - The company reported a net cash flow from operating activities of CNY 686,948,230.57, which is a decrease of 25.40% compared to CNY 920,843,044.53 in the same period last year[4] - The total cash inflow from financing activities was 10,144,557,487.58 CNY, down 25.5% from 13,466,737,944.71 CNY in the previous year[41] - The net cash flow from investing activities was -2,041,337,317.81 CNY, showing an improvement from -2,562,788,937.13 CNY in the previous year[40] - The cash inflow from sales of goods and services was 1,438,599,533.09 CNY, significantly higher than 810,127,532.36 CNY in the previous year[42] - The cash outflow for purchasing goods and services was 1,536,260,989.01 CNY, compared to 932,128,197.75 CNY in the previous year[42] Operational Highlights - The total electricity generated by the company's power plants reached 9.884 billion kWh, a year-on-year increase of 41.99%[13] - The company processed a total of 2.339 million tons of waste during the reporting period, reflecting significant operational growth in waste management[13] - The company’s renewable energy projects saw a significant increase in electricity sales, contributing to overall revenue growth[13] - The company’s gas sales volume reached 293 million cubic meters during the reporting period[13] - The company’s coal-fired power plants generated 4.997 billion kWh of electricity, while gas-fired plants produced 1.977 billion kWh[13] Shareholder Information - The top shareholder, Shenzhen State-owned Assets Supervision and Administration Commission, holds 43.91% of the shares, with a total of 2,088,856,782 shares[7] - The company is committed to maintaining its independence and avoiding competition with its major shareholders[16] Investments and Financing - The total investment in various equity instruments amounted to approximately CNY 4.93 billion, with a fair value of CNY 9.46 billion as of the reporting date[19] - The company utilized CNY 999.99 million from the proceeds of the green corporate bonds issued in 2017 for the construction of four waste-to-energy power plants, with no remaining funds left[20] - The company has used CNY 1.65 billion from the proceeds of the corporate bonds issued in 2019 for various projects, with no remaining funds left[21] - The company issued bonds, receiving 5,996,700,000.00 CNY, slightly up from 5,994,000,000.00 CNY in the previous year[41] Compliance and Governance - The company has not engaged in any derivative investments during the reporting period[20] - There were no significant contracts or entrusted financial management activities reported during the period[23] - The company reported no violations regarding external guarantees during the reporting period[23] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[23] - The company has not conducted any research, communication, or interview activities during the reporting period[23] - The company has not provided any warnings regarding potential losses or significant changes in net profit for the upcoming reporting period[22] - The company has not undergone an audit for the first quarter report[53] - The new leasing standards were implemented starting January 1, 2021, affecting the accounting treatment of leases[52]

Financial Performance - In 2020, the company's operating revenue was approximately CNY 20.45 billion, a decrease of 1.74% compared to 2019[20]. - The net profit attributable to shareholders increased by 134.19% to approximately CNY 3.98 billion in 2020[20]. - The net profit after deducting non-recurring gains and losses was approximately CNY 1.89 billion, up 32.36% from the previous year[20]. - The net cash flow from operating activities increased by 19.09% to approximately CNY 6.19 billion[20]. - Basic earnings per share rose by 116.67% to CNY 0.78 in 2020[20]. - Total assets at the end of 2020 reached approximately CNY 114.06 billion, an increase of 18.68% from 2019[20]. - The net assets attributable to shareholders increased by 26.18% to approximately CNY 37.96 billion[20]. - The weighted average return on equity improved by 6.81 percentage points to 14.57%[20]. - The company reported a total revenue of 3,289.6 million for the reporting period, with a net profit of 1,365.8 million[89]. - The company reported a significant increase in net profit for 2020, amounting to RMB 1,236,921,378.1, compared to RMB 198,224,579.85 in 2019, reflecting a growth rate of 523.5%[122]. Market Expansion and Strategy - The company is focused on expanding its market presence and enhancing its operational capabilities in response to identified risks[6]. - The company aims to address future development challenges through strategic planning and risk management[6]. - The company plans to expand its renewable energy and environmental protection sectors as part of its strategic development goals[31]. - The company aims to transform from a single power generation enterprise to a comprehensive energy enterprise, enhancing its competitiveness in the market[31]. - The company is actively pursuing new projects, including a 50,000 kW wind power project in Vietnam and a 15,000 kW solar project in Guangdong[54]. - The company is actively expanding its overseas energy investments, with a focus on risk control and insurance measures to safeguard asset security[35]. - The company is currently developing a municipal sludge clean energy technology to enhance sludge disposal rates[73]. - The company is actively pursuing market expansion and new technology development in the renewable energy sector[88]. - The company plans to expand its market presence by entering three new provinces in 2021, targeting a 10% increase in market share[156]. Environmental Compliance and Sustainability - The company has implemented advanced environmental standards, including seawater desulfurization and ultra-low emissions for coal-fired units, surpassing national standards[37]. - The company is committed to enhancing its environmental compliance by upgrading its pollution control equipment to meet or exceed national standards, while exploring clean energy solutions to alleviate environmental pressures[116]. - The company has invested 35 million yuan in ecological protection projects aimed at improving living environments[177]. - The company is committed to ensuring the sustainable development of poverty alleviation industries and a smooth transition to rural revitalization[178]. - The company has recorded zero investment in employment assistance and educational support for impoverished students in 2020[177]. - The company is focusing on expanding its renewable energy portfolio to align with national energy policies[182]. - Shenzhen Energy's coal-fired power plants are compliant with the 2011 air pollutant emission standards, achieving ultra-low emissions[182]. - The company plans to continue enhancing its emission reduction technologies to meet stricter environmental regulations[182]. - The company aims to achieve a 10% reduction in overall emissions by the end of the next fiscal year[182]. Risk Management - The company highlighted risks including COVID-19, electricity market fluctuations, fuel cost volatility, and environmental policy risks in its annual report[6]. - The company has established a comprehensive risk management framework to mitigate potential impacts from identified risks[6]. - The company is facing risks from fuel cost fluctuations due to global commodity price increases and potential disruptions in fuel transportation caused by intermittent pandemic control measures[115]. - The company is actively monitoring the supply chain for coal and gas to ensure stable fuel supply and has established emergency plans for fuel supply disruptions[115]. - The company anticipates intensified competition in the electricity market as direct trading and spot market trials expand, necessitating improved coordination in marketing and production management[115]. Corporate Governance and Compliance - The company’s financial report was confirmed to be true, accurate, and complete by its board members and senior management[5]. - The company has a robust governance structure, enhancing risk compliance management and operational efficiency[40]. - The company has engaged Ernst & Young Hua Ming as its auditor for the 2020 fiscal year, with an audit fee of RMB 1.97 million[134]. - The company has maintained its commitments regarding avoiding competition and regulating related transactions[128]. - The company has not faced any delisting situations following the annual report disclosure[135]. Investment and Financing - The company reported a total investment commitment of CNY 170 million for various projects, with a completion rate of 100% for the Chaozhou Environmental Power Plant project[106]. - The company has completed an increase in capital for the Newton company, amounting to 3,800.0 million, fully funded by self-raised sources[88]. - The company has reported a total of 80,421 million in liabilities, indicating a strong financial position[89]. - The company has engaged in significant non-equity investments during the reporting period, focusing on financial asset investments[90]. - The company has a total of 12,476 million in investments related to natural gas power stations, with a 62.86% self-raised funding ratio[89]. Social Responsibility and Community Engagement - The company has successfully implemented poverty alleviation measures, with a total of 105 registered poor households lifted out of poverty during the reporting period[174]. - The annual per capita disposable income of poor households increased from CNY 3,881.24 to CNY 21,860, achieving nearly a fourfold growth[173]. - The company has made significant contributions to social responsibility, with a total investment of CNY 308.08 million in poverty alleviation efforts[174]. - The company achieved a total investment of 252.56 million yuan in various poverty alleviation projects, helping 105 registered impoverished individuals to escape poverty[177]. - The company plans to establish a monitoring mechanism to prevent the return of poverty, particularly for unstable and marginal households[178].

Financial Performance - Operating revenue for the period was CNY 5.91 billion, a year-on-year increase of 9.55%[4] - Net profit attributable to shareholders was CNY 1.05 billion, representing a significant increase of 54.90% compared to the same period last year[4] - Basic earnings per share rose to CNY 0.2216, up 54.86% year-on-year[4] - The company reported a net profit growth of 127.42% for the year-to-date period, totaling CNY 3.90 billion[4] - The total comprehensive income for the period was CNY 1,424,074,709.81, up from CNY 621,921,297.65 in the previous year, indicating a significant growth of 128.7%[38] - The net profit attributable to the parent company reached CNY 1,170,615,420.31, representing a significant increase from CNY 807,870,000.00 in Q3 2019[34] - The total profit for the period was CNY 4,538,317,733.71, up 96.0% from CNY 2,318,252,408.10 in the previous year[45] Assets and Liabilities - Total assets reached CNY 109.68 billion, an increase of 14.12% compared to the end of the previous year[4] - The company's total liabilities increased to CNY 35,861,984,410.70 as of September 30, 2020, from CNY 31,700,117,109.65 at the end of 2019, marking a rise of 13.6%[33] - The total owner's equity grew to ¥40,254,399,360.62 as of September 30, 2020, compared to ¥33,584,853,159.01 at the end of 2019, representing an increase of around 20%[29] - The company's total assets increased to ¥109,678,976,646.89 from ¥96,112,048,125.27, reflecting a growth of approximately 14% year-over-year[28] - The total liabilities of Shenzhen Energy Group as of September 30, 2020, were CNY 62,527,194,966.26[59] Cash Flow - Cash flow from operating activities amounted to CNY 2.09 billion, an increase of 18.23% compared to the previous year[4] - The net cash flow from operating activities increased to CNY 4,503,152,449.48, up from CNY 3,730,949,007.56, representing an increase of approximately 20.67%[50] - Cash inflow from financing activities reached CNY 26,074,507,578.02, an increase from CNY 20,538,207,986.18, reflecting a growth of about 26.06%[51] - The net cash flow from financing activities improved to CNY 6,355,959,578.32 from CNY 2,441,753,451.36, an increase of approximately 160.00%[51] - The ending balance of cash and cash equivalents was CNY 9,549,151,271.01, up from CNY 8,688,758,250.77, representing an increase of about 9.90%[52] Investments - The company reported a total investment cost of 4,880,984,114.70 CNY for various securities, with a fair value change of 62,842,171.32 CNY during the reporting period[17] - The company achieved a fair value of 9,102,160,925.04 CNY for its investments, with a total loss of 350,396,679.11 CNY reported during the period[17] - The company’s investment in the securities of "Guotai Junan" recorded a profit of 60,237,804.51 CNY, with a year-end fair value of 2,817,275,780.16 CNY[16] - The company’s investment in "Midea Group" showed a profit of 46,679,333.47 CNY, with a fair value of 212,418,670.20 CNY at the end of the reporting period[16] - The company reported a loss of 1,755,600.00 CNY from its investment in "Datong Gas" during the reporting period[17] Shareholder Information - Net assets attributable to shareholders increased to CNY 36.33 billion, up 20.74% year-on-year[4] - The top shareholder, Shenzhen State-owned Assets Supervision and Administration Commission, holds 47.82% of shares[8] - The equity attributable to shareholders of the parent company increased to CNY 36,327,406,247.48 from CNY 30,086,989,769.61, representing an increase of 20.7%[32] Operational Highlights - The company processed a total of 6.6315 million tons of waste during the reporting period[12] - Total electricity generated by the company's power plants reached 28.025 billion kWh, a 3.54% increase year-on-year[12] - The company has maintained a strong focus on research and development for new products, aiming to drive future growth and innovation[34] - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and profitability[34] Tax and Expenses - Tax expenses decreased by 88.48% year-on-year, mainly due to the payment of land value-added tax in the same period last year[12] - The financial expenses for the period were CNY 1,438,559,335.27, a decrease from CNY 1,511,750,957.03 in the previous year[47] - The company incurred a tax expense of CNY 354,096,960.02, slightly lower than CNY 377,800,147.32 in Q3 2019[45] Changes in Accounting and Reporting - The company has adjusted its accounting treatment according to the new revenue standards effective January 1, 2020[59] - The company adopted new revenue recognition and leasing standards starting January 1, 2020, impacting the accounting treatment of contract liabilities[63] - The company reported a significant decrease in advance receipts, adjusting CNY 1.26 billion to contract liabilities[61]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥8,790,240,880.21, a decrease of 15.37% compared to ¥10,386,152,060.23 in the same period last year[12]. - Net profit attributable to shareholders of the listed company reached ¥2,841,063,213.82, an increase of 175.23% from ¥1,032,242,134.41 in the previous year[12]. - Basic earnings per share were ¥0.5972, up 175.21% from ¥0.2170 in the previous year[12]. - The total assets at the end of the reporting period were ¥105,541,768,876.98, an increase of 9.81% from ¥96,112,048,125.27 at the end of the previous year[12]. - The company's total investment during the reporting period was ¥5,463,336,950.20, reflecting a significant increase of 51.74% compared to ¥3,600,358,585.77 in the same period last year[34]. - The company reported a cumulative net profit estimate of RMB 350 million for the period, representing an increase of 80.37% compared to the previous year's RMB 194.05 million[47]. - The company’s net profit attributable to shareholders reached 1.2 billion RMB, marking a 20% increase compared to the same period last year[97]. - The company reported a total comprehensive income of RMB 1,192,344,427.99 for the first half of 2020, compared to RMB 1,317,541,354.76 in the same period last year, reflecting a decrease of approximately 9.5%[147]. Cash Flow and Investments - The net cash flow from operating activities was ¥2,412,311,344.23, representing a 22.92% increase compared to ¥1,962,455,578.84 in the same period last year[12]. - The company’s cash and cash equivalents increased by 614.42% to CNY 3.97 billion, driven by increased financing activities[25]. - The total cash inflow from financing activities reached ¥19,474,706,575.59, compared to ¥14,458,889,919.33 in the previous year, indicating a growth of approximately 34.0%[149]. - The net cash flow from investing activities was negative at RMB (5,463,336,950.20), worsening from RMB (3,600,358,585.77) in the same period last year[149]. - The company has a total of CNY 63,113 million in guarantees for Sheneng Gaoyou New Energy Company, with actual amounts of CNY 11,400 million and CNY 3,736 million reported in November and December 2017 respectively[76]. Assets and Liabilities - Total liabilities as of June 30, 2020, were RMB 69.54 billion, compared to RMB 62.53 billion at the end of 2019, marking an increase of around 11.5%[141]. - The company's total equity rose to RMB 36,003,592,745.33, an increase of 7.2% from RMB 33,584,853,159.01 at the end of 2019[142]. - The total amount of restricted assets at the end of the reporting period was ¥4,664,568,868.40, down from ¥5,271,158,463.87 at the beginning of the year[33]. - The company’s total assets and liabilities are not explicitly stated in the provided documents, but the equity changes indicate a focus on maintaining financial stability[157]. Research and Development - The company reported a 19.17% increase in R&D investment, totaling CNY 87.19 million[25]. - The company is investing heavily in R&D for new technologies, with a budget allocation of 500 million for innovative energy solutions in 2020[71]. - Research and development expenses rose to RMB 0.76 million, compared to RMB 0.08 million in the previous year, indicating a focus on innovation[152]. Environmental and Social Responsibility - The company has implemented ultra-low emission modifications to meet or exceed national emission standards, addressing environmental policy risks[48]. - The company’s waste-to-energy plants in Shenzhen adopted advanced flue gas treatment systems, ensuring compliance with GB 18485-2014 standards, with some indicators exceeding EU limits[91]. - In the first half of 2020, the company provided 5,000 RMB in special funds to each impoverished household to improve living conditions, totaling 105 households supported[94]. - The company invested 12.64 million RMB in two poverty alleviation projects focused on agricultural and forestry industries[95]. Strategic Initiatives - The company aims to transform from a single power generation enterprise to a comprehensive energy enterprise, enhancing its competitiveness in low-carbon clean energy[19]. - Shenzhen Energy Group plans to expand its market presence in Southeast Asia, targeting a 20% increase in market share by 2022[72]. - The company is actively exploring opportunities for market expansion in both domestic and international markets[79]. - The company has successfully issued green bonds worth 1 billion RMB to finance its sustainable projects, reflecting its commitment to environmental responsibility[98]. Shareholder and Corporate Governance - The total number of shares increased from 3,964,491,597 to 4,757,389,916 after a cash dividend of 0.5 RMB per 10 shares and a bonus issue of 2 shares per 10 shares[103]. - The largest shareholder, Shenzhen State-owned Assets Supervision and Administration Commission, held 47.82% of the shares, amounting to 2,275,200,930 shares[106]. - The company has not engaged in any repurchase transactions among its top shareholders during the reporting period[110]. - The financial statements were approved by the board of directors on August 25, 2020, ensuring compliance with accounting standards[158]. Risk Management - The company has identified various risks including international situation and macro policy risks, electricity market risks, fuel procurement cost fluctuations, and environmental policy risks[3]. - The company faced significant risks due to international economic conditions and the COVID-19 pandemic, impacting overall operations and market conditions[48]. - The company plans to optimize fuel procurement strategies to reduce costs and enhance supply chain efficiency amid fluctuating fuel prices[48].