Financial Performance - Operating revenue for the reporting period was CNY 454,105,605.95, an increase of 20.31% year-on-year[8] - Net profit attributable to shareholders of the listed company was a loss of CNY 13,949,995.11, down 85.35% compared to the same period last year[8] - Basic earnings per share were CNY -0.020, a decrease of 85.35% year-on-year[8] - The weighted average return on net assets was -0.92%, down 86.50% compared to the same period last year[8] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,433,605,306.10, a decrease of 0.12% compared to the end of the previous year[8] - Net assets attributable to shareholders of the listed company decreased by 5.57% to CNY 1,511,857,696.05[8] - As of September 30, 2014, accounts payable amounted to ¥342,500,656.45, reflecting a significant increase of 338.14% from the beginning of the year, mainly due to increased payable for natural gas[17] - As of September 30, 2014, the balance of notes payable was ¥90,000,000, an increase of 80% compared to the beginning of the year, primarily due to new commercial acceptance bills[17] - As of September 30, 2014, the balance of taxes payable was ¥386,775.05, a decrease of 98.29% compared to the beginning of the year, primarily due to the payment of 2013 income tax[17] Cash Flow - The net cash flow from operating activities decreased by 36.50% to CNY 354,958,633.16 year-to-date[8] - The net cash flow from operating activities for 2014 was ¥354,958,633.16, a decrease of 36.5% compared to the same period last year, primarily due to a reduction in subsidy receipts[18] - The net cash flow from investing activities for 2014 was -¥42,919,280.74, representing a negative increase of 137.46% year-on-year, mainly due to increased expenditures on low-nitrogen transformation technology upgrades[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,059[12] - The top ten shareholders held a total of 100,769,712 shares, representing 16.72% of the company[12] Prepayments and Expenses - Prepayments increased by 306.28% to CNY 44,693,709.58 compared to the beginning of the year, mainly due to an increase in advance payments for goods[16] - As of September 30, 2014, the balance of prepayments was ¥103,360, a decrease of 79.83% compared to the beginning of the year, mainly due to the return of over-collected oil payments[17] - Operating expenses for 2014 amounted to ¥10,380.5, a decrease of 77.2% compared to the same period last year, mainly due to reduced other expenses[17] Corporate Actions - The company planned a non-public stock issuance during the reporting period, which was later terminated on August 20, 2014, due to the receipt of a termination letter from a strategic investor[19] - The company did not hold any securities investments during the reporting period[22] Construction and Projects - As of September 30, 2014, the balance of construction in progress was ¥72,530,339.82, an increase of 48.96% compared to the beginning of the year, primarily due to new low-nitrogen transformation projects[17]

Financial Performance - The company's operating revenue for the first half of 2014 was ¥527,397,555.77, a decrease of 6.73% compared to ¥565,476,934.91 in the same period last year[19]. - The net profit attributable to shareholders was a loss of ¥75,247,848.71, improving by 25.89% from a loss of ¥101,535,348.67 in the previous year[19]. - The net cash flow from operating activities was ¥390,088,829.00, down 22.82% from ¥505,430,314.24 in the same period last year[19]. - The basic earnings per share were -¥0.12, an improvement of 29.41% from -¥0.17 in the same period last year[19]. - The company's operating revenue for the reporting period was approximately 52.74 million yuan, down 6.73% year-on-year, primarily due to reduced electricity generation[28]. - The net profit attributable to the parent company was a loss of approximately 75.25 million yuan, an increase in loss of 26.29 million yuan compared to the previous year, driven by decreased electricity generation and high fuel costs[28]. - The company achieved a cash flow from operating activities of approximately 390.09 million yuan, a decrease of 22.82% year-on-year due to reduced subsidy receipts and electricity revenue[31]. - The net profit for the first half of 2014 was a loss of CNY 75,247,848.71, compared to a profit of CNY 53,099,116.45 in the same period of 2013, indicating a significant decline in profitability[112]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,549,757,952.73, an increase of 2.01% from ¥5,440,291,369.21 at the end of the previous year[19]. - The net assets attributable to shareholders decreased by 4.70% to ¥1,525,807,691.16 from ¥1,601,055,539.87 at the end of the previous year[19]. - The company's total assets as of June 30, 2014, were approximately 5.55 billion yuan, with a net asset value of 1.53 billion yuan and a debt-to-asset ratio of 69.39%[28]. - The total liabilities increased to RMB 3.85 billion from RMB 3.64 billion, representing a rise of 5.77%[98]. - The total equity at the end of the first half of 2014 was CNY 1,698,308,574.08, down from CNY 1,799,779,552.83 at the beginning of the year, representing a decrease of about 5.64%[112]. Cash Flow and Financing - The company’s cash and cash equivalents increased by 115.21% year-on-year, primarily due to increased financing net inflow[31]. - The company reported cash inflow from financing activities of approximately ¥2.13 billion in the first half of 2014, compared to ¥1.54 billion in the same period of 2013, marking an increase of about 38.5%[108]. - The total cash and cash equivalents at the end of the first half of 2014 stood at approximately ¥733.91 million, up from ¥617.86 million at the end of the first half of 2013, an increase of about 18.8%[108]. Shareholder Information - The total number of shares is 602,762,500, with 100% being unrestricted shares[80]. - The largest shareholder, Shenzhen Guangju Industrial Co., Ltd., holds 16.72% of the shares, totaling 100,769,712 shares[83]. - The second largest shareholder, Hong Kong Nanhai Ocean (International) Co., Ltd., holds 15.28% of the shares, totaling 92,123,248 shares[84]. - The third largest shareholder, Shenzhen Energy Group Co., Ltd., holds 10.80% of the shares, totaling 65,106,130 shares[83]. - The total number of common shareholders at the end of the reporting period is 37,313[83]. - The company does not have a controlling shareholder or actual controller[85]. Corporate Governance - The company has implemented a governance structure that ensures compliance with laws and regulations, enhancing decision-making and management levels[55]. - The company has established various committees within the board to ensure efficient operation and scientific decision-making[56]. - The company strictly adheres to the Articles of Association and does not engage in any unauthorized actions by the management team[57]. - There were no significant lawsuits or arbitration matters during the reporting period[58]. - The company has not undergone any bankruptcy restructuring during the reporting period[60]. Investments and Projects - The company is actively participating in the Xinjiang aid project and has signed a tripartite investment cooperation agreement with local government[33]. - The company is advancing the expansion project of the Zhongshan Nanlang Power Plant, which includes the construction of two 460MW gas-fired units, with strong support from local government[33]. - The company has invested 5,731.5 million yuan in the Jiangxi Nuclear Power Company project, with a total planned investment of 34,785 million yuan[47]. - The company has established a wholly-owned subsidiary, Zhongshan Shenan Electric Storage Co., Ltd., which is currently in the formation process and has no impact on the company's performance[45]. Revenue Recognition - The company recognizes revenue from electricity sales upon confirmation of generated power by the power bureau, ensuring reliable measurement of revenue[177]. - Service revenue is recognized based on the percentage of completion method, with costs incurred determining the progress of service transactions[178]. - Government grants are recognized as deferred income and allocated to profit or loss over the useful life of the related assets[179]. Taxation - The corporate income tax rate for the company and its subsidiaries is consistently set at 25% for the year 2014[196]. - The corporate income tax rate for the Singapore subsidiary is lower at 20%[196]. Accounting Policies - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards[117]. - The group has not made any changes to accounting policies or estimates during the reporting period[190]. - The group has not corrected any prior period accounting errors during the reporting period[191].

Financial Performance - The company's operating revenue for 2013 was ¥1,110,427,750.14, a decrease of 12.25% compared to ¥1,265,445,768.29 in 2012[18] - The net profit attributable to shareholders was ¥53,099,116.45, a significant improvement from a loss of ¥204,455,643.36 in 2012, marking a 125.97% change[18] - The basic earnings per share for 2013 was ¥0.09, recovering from a loss of ¥0.34 per share in 2012[18] - The total profit for the year was CNY 95.11 million, an increase of 32.73 million compared to the previous year[25] - The company reported a net profit for the current year of 602.76 million, compared to 363.63 million from the previous year, representing a growth of 65.6%[192] - The comprehensive income was 602.76 million, up from 363.63 million, indicating a year-over-year increase of 65.6%[192] Cash Flow and Assets - The net cash flow from operating activities increased by 354.78% to ¥482,279,180.11 from ¥106,047,443.83 in the previous year[18] - The company's cash and cash equivalents increased by 110.93% year-on-year, mainly due to increased cash inflows from operating activities[39] - Cash and cash equivalents at the end of 2013 were CNY 538,054,829.52, up from CNY 526,852,121.41 at the end of 2012[190] - The total assets at the end of 2013 were ¥5,440,291,369.21, a slight decrease of 1.73% from ¥5,536,067,729.98 in 2012[18] - The total current assets increased to RMB 3,577,441,762.90 from RMB 3,363,746,005.14, reflecting a growth of approximately 6.36% year-over-year[197] Liabilities and Equity - The company’s total liabilities reached 66.92% of total assets, indicating a high leverage ratio[69] - The total liabilities decreased to RMB 3,640,511,816.38 from RMB 3,813,256,446.16, reflecting a reduction of approximately 4.52%[185] - The company’s total equity increased to CNY 1,799,779,552.83 from CNY 1,722,811,283.82 in 2012[188] - The total equity attributable to shareholders increased from 332.91 million to 454.07 million, marking a rise of 36.4%[192] Operational Efficiency and Strategy - The company plans to focus on future growth strategies, including potential market expansion and new technology development[5] - The company is focusing on expanding its market presence in the power generation sector, particularly in waste heat utilization and gas-fired power generation[50] - The company plans to enhance its operational efficiency and safety management to ensure sustainable development and shareholder value[56] - The company has implemented new strategies to enhance operational efficiency and reduce costs, contributing to improved profitability[192] Market and Competition - The company's market share decreased to 23.25% from 26.09% year-on-year[31] - The company anticipates a slight increase in electricity demand in Guangdong province, despite facing intense competition and potential regulatory challenges[56] - Future prospects indicate a favorable position for the company in the gas turbine power generation sector, supported by national pricing reforms and local subsidy policies[45] Environmental and Social Responsibility - The company has made progress in environmental management, achieving a green credit rating and being recognized as an advanced enterprise in waste reduction[28] - The company has initiated a new sustainability strategy, aiming for a 25% reduction in carbon emissions by 2025[127] - The company achieved a "four no" safety management goal and received recognition for environmental responsibility during the reporting period[70] Governance and Management - The company has established a governance structure that complies with the requirements of the Company Law and the China Securities Regulatory Commission, ensuring equal rights for all shareholders[146] - The board of directors has set up specialized committees, including the audit committee and the remuneration and assessment committee, to ensure efficient operation and scientific decision-making[146] - The company continues to focus on performance evaluation and compensation adjustments based on annual assessments of directors and senior management[136] Related Party Transactions - The company maintained a strong reliance on its top five customers, which accounted for 98.93% of total sales[31] - The company reported a total of 11,168.9 million CNY in payables to related parties, an increase of 6.4% from the previous period[83] - The company’s receivables from related parties included 59,787.59 million CNY from New Power Company, unchanged from the previous period[83] Future Outlook - The company provided a future outlook, projecting a revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion[127] - The company is exploring potential mergers and acquisitions to further strengthen its market position[192] - The company plans to invest 200 million RMB in research and development for innovative energy solutions over the next three years[127]

Financial Performance - The company's operating revenue for Q1 2014 was ¥163,144,349.56, a decrease of 22.54% compared to ¥210,612,299.28 in the same period last year[7] - The net profit attributable to shareholders was a loss of ¥52,176,712.55, an improvement of 18.9% from a loss of ¥64,339,706.87 in the previous year[7] - The net cash flow from operating activities was ¥255,063,387.90, down 18.44% from ¥312,733,181.47 year-on-year[7] - The basic earnings per share for the period was -¥0.09, an improvement of 18.18% from -¥0.11 in the same period last year[7] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,434,280,856.76, a slight decrease of 0.11% from ¥5,440,291,369.21 at the end of the previous year[7] - The company's net assets attributable to shareholders decreased by 3.26% to ¥1,548,878,827.32 from ¥1,601,055,539.87 at the end of the previous year[7] - Accounts payable increased by 150.77% to ¥196,031,254.99 due to rising natural gas payments[14] Shareholder Information - The number of shareholders at the end of the reporting period was 37,329[10] Government Support and Future Plans - The company received government subsidies amounting to ¥895,591.38 during the reporting period[8] - The company is planning a non-public stock issuance, which is currently uncertain and has led to a suspension of trading since January 9, 2014[15]