证券代码： 000543 证券简称：皖能电力 皖能电力股份有限公司投资者关系活动记录表 编号：20161108 | --- | --- | --- | |----------------|--------------------------|------------------------------------------------------------| | | | | | 投资者关系活动 | □ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | √ 路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及 | | 亿万博投资 闫亚洲 东海证券 余挚海 兴业基金 孙楠 光大保德信 | | 人员姓名 | | 林晓枫 国海创新资本 王俊 交银施罗德 黄鼎 南京璇玑投资 冯亚 | | | | 男 长安资产 徐晓刚 浙大九智 楼箐晶 浙商汇融投资 张贺 上海 | | | | 杨浦区科技金融联合会 余晓明 山西证券 诸勤秒 中信证券 秦晓 | | | | 华 华泰证券 谢龙 上海京笙投 ...

证券代码：000543 证券简称：皖能电力 安徽省皖能股份有限公司投资者关系活动记录表 编号： | --- | --- | --- | |----------------|--------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | √ 特定对象调研 | □ 分析师会议 | | 投资者关系活动 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | 类别 | □ 现场参观 | | | | □ 其他 | | | 参与单位名称及 | 国泰君安证券研究所 周妍 | | | 人员姓名 | | | | | | | | 时间 | 2018 年 8 月 30 日 | | | ...

证券代码：000543 证券简称：皖能电力 安徽省皖能股份有限公司投资者关系活动记录表 编号： | --- | --- | --- | |-----------------------|-------------------------------|------------------------------------| | | | | | | □ 特定对象调研 | □ 分析师会议 | | 投资者关系活动 | □ 媒体采访 | □ 业绩说明会 | | 类别 | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | √ 其他 皖能电力报告会 | | | | | 湘财证券 欧阳俊明；国信证券 贺东伟 | | | | | | 参与单位名称及 | | 太平基金 卢文汉；上银基金 王可心 | | 人员姓名 | | 中信自营 赵宏旭；天风证券 叶峰 | | | | 华西证券 王睿；国投瑞信 李研蓉等 | | 时间 | 2018 年 12 月 13 日 | | | 地点 | 上海浦东嘉里大酒店 | | | 上市公司接待人 员姓名 | 张友斌、方慧娟 | | | 投资者关系活动 | 一、公司基本情况介 ...

Revenue and Profit - Revenue for Q3 2022 reached ¥6,573,271,894.39, an increase of 13.77% year-over-year, while year-to-date revenue was ¥18,515,533,367.26, up 24.44% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2022 was ¥164,092,143.93, a decrease of 126.80% year-over-year, with year-to-date net profit at ¥433,532,799.42, down 184.97% compared to the previous year[2] - Basic earnings per share for Q3 2022 was ¥0.0724, reflecting a decline of 126.80% year-over-year, while year-to-date earnings per share was ¥0.1912, down 184.94%[2] - The company reported a significant increase in operating profit for the period, amounting to ¥389,731,625.61, up from the previous year, driven by rising settlement prices alleviating cost pressures[7] - The total profit for the period was ¥400,571,048.07, reflecting a substantial increase compared to the previous year, also due to improved settlement prices[7] - Net profit for the third quarter was CNY 363,094,648.45, a significant recovery from a net loss of CNY 897,988,909.52 in the previous year[15] - The company reported an investment income of CNY 648,125,416.35, a turnaround from a loss of CNY 26,907,043.99 in the same quarter last year[15] - The company’s total comprehensive income for the quarter was CNY -71,767,647.25, a significant improvement from CNY -1,372,680,288.74 in the same period last year[16] Cash Flow and Assets - Operating cash flow for the period was ¥2,230,845,821.84, an increase of 98.46% year-over-year, primarily due to increased cash inflow from sales[9] - The net increase in cash and cash equivalents for the period was ¥1,246,883,322.48, a growth of 171.10% year-over-year, attributed to improved operating cash flow[9] - The company's cash and cash equivalents as of September 30, 2022, amounted to ¥2,452,080,169.10, an increase from ¥1,205,587,625.22 at the beginning of the year[12] - The total cash and cash equivalents at the end of the period reached CNY 2,418,084,826.38, compared to CNY 1,437,164,954.77 at the end of the previous period[18] - Operating cash inflow for the current period reached CNY 21,603,146,298.36, an increase of 17.5% compared to CNY 18,318,188,963.57 in the previous period[17] - Net cash flow from operating activities was CNY 2,230,845,821.84, up 98.5% from CNY 1,124,090,324.26 in the same period last year[18] Liabilities and Shareholder Information - The company’s total liabilities increased, with short-term borrowings decreasing by 32.84% to ¥1,079,999,109.76, while long-term borrowings rose by 47.44% to ¥15,334,117,287.79[7] - The total liabilities increased to CNY 27,151,648,125.80 from CNY 23,900,664,694.39, marking an increase of about 13.3%[14] - The total number of common shareholders at the end of the reporting period was 50,429[10] - Anhui Energy Group Co., Ltd. holds 54.93% of the shares, totaling 1,245,208,342 shares[10] - The number of shares held by the top ten shareholders reflects a concentration of ownership, with the top shareholder holding over 54%[11] Research and Development - Research and development expenses for the period amounted to ¥332,626,616.83, a 30.48% increase year-over-year, indicating increased investment in innovation[7] - Research and development expenses amounted to CNY 332,626,616.83, up from CNY 254,925,466.67, indicating a year-over-year increase of approximately 30.5%[15] Inventory and Receivables - Accounts receivable reached ¥1,870,970,122.69, compared to ¥1,735,717,840.74 at the start of the year[12] - The inventory value decreased to ¥617,193,104.37 from ¥797,095,327.93[13] - The company reported a significant increase in other receivables, totaling ¥141,329,802.58, compared to ¥131,341,411.70 previously[13] - The company's total liabilities included short-term borrowings of ¥1,079,999,109.76, down from ¥1,608,093,180.27[13] - The company's non-current assets totaled ¥38,168,582,478.68, an increase from ¥35,471,566,495.73[13] Operating Costs - Total operating costs increased to CNY 18,828,684,785.73 from CNY 15,731,055,896.87, reflecting a rise of about 19.5%[15]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥11,942,261,472.87, representing a 31.22% increase compared to ¥9,100,908,319.31 in the same period last year[11]. - Net profit attributable to shareholders of the listed company reached ¥269,440,655.49, a significant increase of 163.73% from ¥102,166,100.96 in the previous year[11]. - The net profit after deducting non-recurring gains and losses was ¥250,476,958.84, up 181.89% from ¥88,855,807.68 in the same period last year[11]. - Basic earnings per share increased to ¥0.1189, reflecting a growth of 163.64% compared to ¥0.0451 in the previous year[11]. - The total assets of the company at the end of the reporting period were ¥43,770,763,705.94, which is a 7.87% increase from ¥40,576,269,276.06 at the end of the previous year[11]. - The weighted average return on net assets was 2.16%, an increase of 1.44% compared to 0.72% in the previous year[11]. - The net cash flow from operating activities was ¥1,197,380,020.96, showing a decrease of 17.66% from ¥1,454,201,226.29 in the same period last year[11]. - The company's net assets attributable to shareholders decreased slightly by 0.49% to ¥12,390,639,777.46 from ¥12,451,619,806.94 at the end of the previous year[11]. Revenue and Costs - The company's operating revenue for the reporting period was ¥11,942,261,472.87, representing a year-on-year increase of 31.22% due to rising settlement electricity prices and coal prices[20]. - Operating costs amounted to ¥11,597,117,719.67, reflecting a year-on-year increase of 31.67%, primarily driven by higher coal prices[20]. - The company's financial expenses increased by 48.92% to ¥292,278,154.72, mainly due to an increase in interest-bearing liabilities[20]. Cash Flow and Investments - The net cash flow from operating activities was ¥1,197,380,020.96, a decrease of 17.66% compared to the previous year[20]. - The net increase in cash and cash equivalents was ¥1,714,078,569.22, showing a significant change from a decrease of ¥13,911,422.34 in the previous year[20]. - Research and development investment was ¥124,351,616.46, a slight decrease of 3.01% from the previous year[20]. Market and Competitive Position - The company has a strong competitive advantage due to advanced performance of its power generation units, which are prioritized in energy dispatch policies[16]. - The company is actively pursuing market expansion in Xinjiang, supported by government agreements for power transmission projects[17]. - The company emphasizes collaboration with educational institutions to enhance technological innovation and strategic transformation[19]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit, with specific emissions monitored and reported for various pollutants[51]. - The company achieved a carbon reduction of approximately 3,400 tons through solar power generation of 41.76 million kWh[57]. - The company successfully ignited a 8.3MW pure ammonia burner at its Tongling power plant, marking a significant milestone in carbon reduction technology[53]. - The company has established a real-time carbon accounting system in collaboration with the University of Science and Technology of China to monitor and manage carbon emissions effectively[54]. - The company emphasizes green development and resource conservation, minimizing environmental impact during project construction and operation[54]. - The company is actively involved in social responsibility initiatives, including support for poverty alleviation and rural revitalization efforts[55]. Legal and Compliance Issues - The company reported a significant legal dispute involving a sales contract, with a claim for the return of a performance bond amounting to CNY 231,596.68 and corresponding interest of CNY 4,841[61]. - Another legal case involves a construction contract dispute, where the company is seeking a penalty payment of CNY 3,582 from two respondents[62]. - The company is also involved in a labor dispute case, requesting payment of social insurance fees and compensation totaling CNY 50,000 from a respondent[64]. - The company has faced a lawsuit regarding a rental contract, with a claim for the return of CNY 4,771,600 as compensation for breach of contract[63]. - The company has no major litigation or arbitration matters reported during the reporting period[60]. Financial Position and Liabilities - The total liabilities of the company at the end of the reporting period are CNY 3,660,590,570.42[132]. - The company's total equity attributable to shareholders at the end of the period was 19,352.96 million yuan, a decrease of 617.19 million yuan from the previous year[130]. - The total assets at the end of the period were 72,919.13 million yuan, indicating a significant asset base for the company[130]. - The company has no overdue bonds and maintains a 100% debt repayment rate[109]. Corporate Governance and Management - The company has implemented comprehensive budget management and internal control measures to enhance governance and compliance[46]. - The company held its first extraordinary shareholders' meeting in 2022 with a participation rate of 56.74%[47]. - The company has no plans for stock incentive programs or employee shareholding plans during the reporting period[50]. Future Outlook and Strategies - The company anticipates continued growth in energy consumption, particularly in winter, despite high coal price volatility[39]. - The company is focusing on cost control and efficiency improvement to counteract the impact of high coal prices and market competition[44]. - The company is focusing on strengthening its project development team to enhance capabilities in new energy development and risk management[45]. - The company plans to expedite the construction of key projects, including the expansion of the Guoan Phase II and Qianyingzi Phase II projects, and aims to commission one unit at the Xinjiang Jiangbu Power Plant within the year[45].

Financial Performance - The company's operating revenue for 2021 was ¥21,032,266,848.21, representing a 25.55% increase from ¥16,751,999,120.95 in 2020[11]. - The net profit attributable to shareholders for 2021 was -¥1,337,000,624.63, a decrease of 231.91% compared to ¥1,013,564,890.60 in 2020[11]. - The net cash flow from operating activities was -¥1,056,417,219.80, down 135.81% from ¥2,949,739,752.74 in 2020[11]. - The total assets at the end of 2021 were ¥40,576,269,276.06, an increase of 20.43% from ¥33,692,016,765.68 at the end of 2020[11]. - The company reported a weighted average return on equity of -9.94% for 2021, down 17.19% from 7.25% in 2020[11]. - The company reported a total revenue of CNY 21.03 billion, a year-on-year growth of 25.55%, while total costs rose by 44.56% to CNY 23.07 billion[27]. - The net profit attributable to shareholders was CNY -1.337 billion, a decline of 231.91% compared to the previous year[27]. Operational Highlights - The company is positioned as the second-largest power generation group in Anhui Province, with a 21.3% share of the total installed capacity of thermal power[18]. - The total installed capacity of the company's efficient low-energy consumption units accounted for 72% of its operational units[18]. - The total installed capacity reached 10,850 MW, an increase from 9,530 MW in the previous year, reflecting a growth of approximately 13.8%[22]. - The total power generation for the year was 36.568 billion kWh, representing a year-on-year increase of 4.79%[27]. - The power generation sector contributed ¥12,646,705,848.14, accounting for 60.13% of total revenue, with a year-on-year growth of 11.57%[31]. - The coal sector saw revenue of ¥7,994,739,775.21, which is a significant increase of 54.84% from ¥5,163,074,303.43 in 2020, representing 38.01% of total revenue[31]. Strategic Initiatives - The company acquired a 50 MW photovoltaic power station at the end of 2021, as part of its strategy to expand into renewable energy[28]. - The company is actively pursuing a "going out" strategy, having completed acquisitions of stakes in energy projects in Xinjiang and Shanxi[28]. - The company aims to replace 20% of coal with ammonia by the end of 2022 through the ammonia co-firing project, with full promotion of green ammonia utilization expected by 2025[29]. - The company completed the acquisition of a 53% stake in Xinjiang Lu'an Xiexin Zhundong Energy Co., Ltd. in April 2021, expanding its operational footprint[37]. - The company established the Anhui Energy Collaborative Innovation Center in partnership with Hefei Comprehensive National Science Center to enhance R&D in renewable energy technologies[29]. Risk Management - The company emphasizes the importance of risk awareness in its forward-looking statements[1]. - The company has detailed potential risks and countermeasures in its operational analysis section[1]. - The company faced uncertainties regarding its ability to continue as a going concern, as indicated by the negative net profit figures over the past three years[12]. - The company faces high coal price pressure, with coal prices expected to remain volatile in the short term despite potential declines due to expanded long-term contracts[68]. - Increased competition in the electricity market is anticipated in 2022, limiting the company's power generation growth potential[68]. Governance and Compliance - The company maintains a complete and independent governance structure, ensuring compliance with relevant laws and regulations without significant discrepancies[73]. - The company has established an independent financial management system, with clear separation from the controlling shareholder, ensuring no interference in financial decisions[75]. - The company has implemented a robust internal control system to ensure compliance and protect shareholder rights[73]. - The governance practices are regularly reviewed to align with the latest regulatory requirements, enhancing overall governance quality[73]. - The company has not reported any financial disputes or potential conflicts with the controlling shareholder, indicating a stable operational environment[75]. Research and Development - Research and development expenses increased significantly by 451.64% to ¥481,663,137.26, primarily due to increased R&D investments[41]. - The number of R&D personnel rose by 27.86% to 1,097, with a notable increase in the proportion of high-educated staff[45]. - The company’s R&D investment accounted for 2.29% of operating revenue, up from 0.52% in the previous year, reflecting a strategic focus on innovation[45]. - The company completed significant R&D projects, including deep peak regulation technology and intelligent SCR denitrification systems, enhancing core competitiveness[42]. Environmental and Social Responsibility - The company achieved an average dust emission concentration of 3.82 mg/m3, which is better than the ultra-low emission standard of 10 mg/m3[130]. - The average sulfur dioxide emission concentration was 18.07 mg/m3, exceeding the ultra-low emission standard of 35 mg/m3, with a comprehensive desulfurization efficiency of 98.8%[130]. - The average nitrogen oxide emission concentration was 30.95 mg/m3, better than the ultra-low emission standard of 50 mg/m3, with a comprehensive denitrification efficiency of 85.8%[130]. - The company is committed to green development and has taken measures to reduce carbon emissions as part of its "14th Five-Year Plan" for coal-fired unit upgrades[130]. - The company has actively participated in rural revitalization efforts, focusing on infrastructure development and local economic support[133]. Shareholder Engagement - The annual shareholders' meeting had a participation rate of 57.35% on April 15, 2021, reflecting strong shareholder engagement[77]. - The company has successfully acquired 25% equity in Shenwan Energy, fully transferring ownership to the company, addressing potential competition issues with the controlling shareholder[76]. - The company has maintained a strong commitment to protecting the legal rights of all shareholders[107]. Future Outlook - The company anticipates that 2022 will be a significant year for the development of renewable energy installations, presenting both opportunities and challenges[69]. - The company plans to accelerate project development, including the second phase of the Fuyang Power Plant and various renewable energy projects, to enhance sustainable development capabilities[70]. - The company is focusing on developing green park industrial chains and comprehensive energy services to create new growth points[71]. - The company aims to enhance its core competitiveness through increased investment in research and development and technology innovation[71].

Financial Performance - Revenue for Q1 2022 reached ¥6,356,303,748.08, a 52.35% increase compared to ¥4,172,092,989.79 in the same period last year[2] - Net profit attributable to shareholders was ¥137,605,347.87, up 25.25% from ¥109,862,449.95 year-on-year[2] - Net profit for Q1 2022 was ¥159,884,525.98, up from ¥100,921,941.81 in Q1 2021, reflecting a growth of approximately 58.2%[14] - The company reported a profit attributable to shareholders of the parent company of ¥137,605,347.87, compared to ¥109,862,449.95 in the same period last year, marking an increase of around 25.3%[14] - The basic earnings per share for Q1 2022 was reported at ¥0.06, compared to ¥0.05 in Q1 2021, indicating a growth of 20%[15] Cash Flow - Operating cash flow for the period was ¥992,281,658.53, reflecting a 51.72% increase from ¥654,007,856.12 in the previous year[2] - The net cash flow from operating activities for the current period is ¥992,281,658.53, an increase of 51.7% compared to ¥654,007,856.12 in the previous period[17] - Total cash inflow from operating activities is ¥6,843,740,486.79, up from ¥5,266,381,736.79, reflecting a growth of 29.9%[17] - Cash outflow from operating activities totaled ¥5,851,458,828.26, compared to ¥4,612,373,880.67 in the previous period, representing an increase of 26.9%[17] - The net cash flow from investing activities is -¥718,648,815.94, an improvement from -¥1,549,105,906.28 in the previous period[18] - Cash inflow from financing activities is ¥3,763,260,374.39, down from ¥4,286,683,852.29, indicating a decrease of 12.2%[18] - The net cash flow from financing activities is ¥58,330,565.21, a significant decrease from ¥1,009,803,404.53 in the previous period[18] - The ending balance of cash and cash equivalents is ¥1,503,164,911.70, compared to ¥1,091,941,523.86 in the previous period, showing an increase of 37.6%[18] - The company received tax refunds amounting to ¥7,051,548.87, compared to ¥1,737,467.11 in the previous period, reflecting a growth of 304.5%[17] - The cash paid to employees and for employee benefits is ¥184,706,280.01, a decrease of 5.9% from ¥195,999,539.18 in the previous period[17] - The cash paid for various taxes is ¥117,372,272.68, down 59.1% from ¥287,260,529.14 in the previous period[17] Assets and Liabilities - Total assets at the end of the period were ¥41,702,722,717.28, a 2.78% increase from the previous year's end[2] - Total current assets as of March 31, 2022, amount to ¥5,762,438,993.26, an increase from ¥5,104,702,780.33 at the beginning of the year[11] - Total assets amount to ¥41,702,722,717.28, compared to ¥40,576,269,276.06 at the beginning of the year[11] - The total liabilities increased to ¥25,035,131,652.55 from ¥23,900,664,694.39, showing a rise of about 4.7%[12] - The company’s long-term equity investments increased to ¥10,692,888,609.86 from ¥10,518,800,929.79[11] - Accounts receivable increased to ¥2,296,923,270.26 from ¥1,735,717,840.74[10] - Inventory decreased to ¥400,543,850.34 from ¥797,095,327.93[11] - The company reported a significant increase in accounts payable, rising to ¥2,085,924,690.25 from ¥1,353,286,035.10[11] Research and Development - Research and development expenses increased by 123.59% to ¥17,397,804.41, indicating a significant rise in investment in innovation[4] - Research and development expenses rose to ¥17,397,804.41 in Q1 2022, compared to ¥7,781,237.19 in Q1 2021, which is an increase of approximately 123.5%[13] Shareholder Information - Total number of common shareholders at the end of the reporting period is 56,363[8] - Anhui Energy Group Co., Ltd. holds 54.93% of shares, totaling 1,245,208,342 shares[8] - The total equity attributable to shareholders decreased slightly by 0.24% to ¥12,421,385,179.72 compared to the previous year[2] - The company's total equity remained stable at ¥2,266,863,331.00, unchanged from the previous year[12] Tax and Income - The company reported a decrease in income tax expenses by 61.47% to ¥13,908,681.96, attributed to prior year losses[7] - Other comprehensive income attributable to shareholders of the parent company showed a loss of ¥-167,771,476.02, compared to a loss of ¥-411,732,210.94 in the previous year, indicating an improvement[14]

安徽省皖能股份有限公司 2021 年第三季度报告 1 证券代码：000543 证券简称：皖能电力 公告编号：2021-41 安徽省皖能股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准 确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带 的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声 明：保证季度报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |------------------------------------------------------|-------------------|-------------------------|--------------------------|------ ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥9,100,908,319.31, representing a 20.26% increase compared to ¥7,567,533,589.62 in the same period last year[11]. - The net profit attributable to shareholders of the listed company decreased by 79.67% to ¥102,166,100.96 from ¥502,540,422.39 year-on-year[11]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 81.28% to ¥88,855,807.68 compared to ¥474,638,493.38 in the previous year[11]. - The basic earnings per share dropped by 79.66% to ¥0.0451 from ¥0.2217 in the same period last year[11]. - The diluted earnings per share also decreased by 79.66% to ¥0.0451 from ¥0.2217 year-on-year[11]. - The weighted average return on equity fell to 0.72% from 3.68% in the previous year, a decrease of 2.96%[11]. - The net profit for the first half of 2021 was CNY 59,142,656.14, a significant decrease from CNY 632,864,773.40 in the same period of 2020, representing a decline of approximately 90.66%[104]. - The total profit for the first half of 2021 was CNY 112,071,321.44, down from CNY 720,291,241.15 in the previous year, indicating a decrease of about 84.4%[104]. Cash Flow and Investments - The net cash flow from operating activities increased by 18.18% to ¥1,454,201,226.29 from ¥1,230,540,092.95 in the same period last year[11]. - The company reported a significant increase in investment activities, with net cash outflow of ¥2,337,071,962.54, up 545.88% from ¥-361,842,447.27 in the previous year, mainly due to increased cash payments for fixed assets[20]. - The net cash flow from operating activities for the first half of 2021 was CNY 1,454,201,226.29, an increase from CNY 1,230,540,092.95 in the same period of 2020, representing a growth of approximately 18.2%[111]. - The net cash flow from investing activities was -CNY 2,337,071,962.54, worsening from -CNY 361,842,447.27 in the first half of 2020[112]. - Cash inflow from investing activities was CNY 78,056,443.15, significantly down from CNY 373,302,506.53 in the previous year, a decline of about 79.0%[112]. - The cash outflow from investing activities surged to CNY 2,415,128,405.69, compared to CNY 735,144,953.80 in the same period last year, marking an increase of approximately 228.5%[112]. Assets and Liabilities - The total assets at the end of the reporting period were ¥36,272,403,559.34, a 7.66% increase from ¥33,692,016,765.68 at the end of the previous year[11]. - The net assets attributable to shareholders of the listed company decreased by 4.26% to ¥13,873,196,310.21 from ¥14,490,394,193.21 at the end of the previous year[11]. - The company's total liabilities rose to 17,138.31 million from 14,339.05 million, an increase of 19.5%[97]. - The company's long-term borrowings increased to 4,971.74 million from 2,881.04 million, an increase of 73.00%[97]. - The company's cash and cash equivalents decreased to 993.33 million from 1,024.24 million[95]. Operational Highlights - The operating cost increased by 26.80% to ¥8,807,475,562.95 from ¥6,946,047,295.75, primarily due to increased sales activities[20]. - The power generation segment contributed ¥5,887,138,077.02, accounting for 64.69% of total revenue, with an 18.25% increase year-on-year[21]. - The coal segment generated ¥3,035,950,592.07, representing 33.36% of total revenue, with a year-on-year increase of 22.63%[21]. - The company is positioned as a major player in the Anhui province's power generation market, holding a 21.4% share of the total installed capacity[16]. - The company aims to gradually integrate renewable energy assets, including wind and solar, into its portfolio in the coming years[17]. Environmental and Safety Measures - The company faced challenges such as increasing safety management difficulties and stricter environmental standards, prompting the implementation of enhanced safety and environmental measures[34]. - The company emphasized the importance of advancing green development and environmental protection technologies to address rising coal prices and environmental regulations[34]. - The company operates several key pollutant discharge units, with emissions of 40.71 tons of smoke, 222.04 tons of sulfur dioxide, and 399.04 tons of nitrogen oxides from its Hefei plant[42]. - The Hefei plant's emission concentrations are 4.35 mg/m³ for smoke, 22.37 mg/m³ for sulfur dioxide, and 40.6 mg/m³ for nitrogen oxides, all below the permitted levels[42]. - The average concentration of sulfur dioxide emissions is 18.63 mg/m³, exceeding the ultra-low emission standard of 35 mg/m³, with a comprehensive desulfurization efficiency of 98.7%[45]. Shareholder and Corporate Governance - The annual shareholders' meeting had a participation rate of 57.35% on April 15, 2021[36]. - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[2]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[40]. - The company has undergone a management restructuring, with several key personnel changes effective April 15, 2021[39]. - The company has not reported any significant events related to its subsidiaries during the reporting period[79]. Legal and Compliance Issues - The company reported a total litigation amount of 4,376,116.8 CNY related to unpaid goods and overdue payment penalties[50]. - The company is actively pursuing legal actions to recover debts and enforce contract obligations[51]. - The company has faced court decisions that have dismissed some claims against it, indicating a mixed outcome in litigation[51]. - The company has made multiple attempts to collect outstanding payments from the involved parties[50]. Accounting and Financial Reporting - The financial report was approved by the board of directors on August 27, 2021[129]. - The financial statements are prepared in accordance with the latest enterprise accounting standards issued by the Ministry of Finance[132]. - The company recognizes financial assets or liabilities when it becomes a party to the financial instrument contract, with regular way trades being accounted for on the transaction date[147]. - The company must assess for impairment of investments in subsidiaries, joint ventures, and associates at the balance sheet date if there is objective evidence of impairment[175]. - The company has established a systematic approach for impairment testing of significant receivables, ensuring that any identified losses are accurately reflected in financial statements[160].

Financial Performance - The company's operating revenue for Q1 2021 was ¥4,172,092,989.79, representing a 20.02% increase compared to ¥3,476,200,672.36 in the same period last year[2]. - Net profit attributable to shareholders was ¥109,862,449.95, a decrease of 16.44% from ¥131,470,595.48 year-on-year[2]. - The net profit after deducting non-recurring gains and losses was ¥104,565,606.00, down 21.40% from ¥133,034,038.98 in the previous year[2]. - Operating profit for the period was CNY 133,283,204.78, a decline of 37.55% year-on-year, primarily due to increased coal prices leading to higher costs[10]. - Net profit for the period was CNY 100,921,941.81, down 39.88% compared to the same period last year, mainly due to rising coal prices[10]. - The total profit for the period was CNY 137,020,528.31, down 34.97% year-on-year, primarily due to increased costs from rising coal prices[10]. - The net profit for the first quarter of 2021 was CNY 100,921,941.81, a decrease of 40% compared to CNY 167,856,840.63 in the same period last year[28]. - The total profit for the first quarter was CNY 137,020,528.31, down from CNY 210,703,491.14, representing a decline of approximately 35%[28]. - The company's operating profit was CNY 133,283,204.78, compared to CNY 213,432,853.11 in the previous year, indicating a decrease of about 37%[28]. Cash Flow - The net cash flow from operating activities was ¥654,007,856.12, a decline of 17.56% compared to ¥793,273,923.03 in the same period last year[2]. - The net cash flow from investing activities was CNY -1,549,105,906.28, a decrease of CNY 950,195,482.57 year-on-year, mainly due to increased payments for equity acquisitions[11]. - The net cash flow from financing activities was CNY 1,009,803,404.53, an increase of 53.06% year-on-year, primarily due to increased cash received from borrowings[11]. - The ending balance of cash and cash equivalents was CNY 1,091,941,523.86, a decrease of 46.74% year-on-year, influenced by the aforementioned factors[11]. - Cash inflow from operating activities amounted to CNY 5,266,381,736.79, an increase from CNY 4,450,199,039.26 in the previous year[33]. - The total cash outflow from investing activities was 1,549,331,140.54 CNY, significantly higher than 598,924,317.59 CNY in the same period last year[35]. - The net cash flow from financing activities was 1,009,803,404.53 CNY, an increase of 53% compared to 659,729,357.11 CNY in the previous year[35]. - The total cash and cash equivalents at the end of the period were 1,091,941,523.86 CNY, compared to 2,050,194,114.98 CNY at the end of the previous year[35]. - The company reported a net increase in cash and cash equivalents of 114,705,354.37 CNY, a decrease from 854,392,556.43 CNY in the previous year[35]. Assets and Liabilities - Total assets at the end of the reporting period were ¥34,356,256,184.71, an increase of 1.97% from ¥33,692,016,765.68 at the end of the previous year[2]. - The company's current assets totaled CNY 4,015,652,862.94, a decrease of about 3.22% compared to CNY 4,149,493,692.88 at the end of 2020[19]. - The company's inventory increased by 61.96% to ¥449,021,348.07, primarily due to an increase in coal stock[8]. - The amount of other non-current assets rose by 198.59% to ¥2,089,296,933.44, mainly due to prepayments for equity acquisitions[8]. - Non-current liabilities due within one year reached CNY 1,562,887,053.52, an increase of 180.93% compared to the beginning of the period, primarily due to bonds issued by the company maturing within one year[9]. - Long-term borrowings amounted to CNY 4,010,347,698.94, reflecting a growth of 39.20% from the beginning of the period, mainly due to the addition of new long-term loans[9]. - The total liabilities of the company were CNY 15,277,800,218.54, up from CNY 14,339,047,554.57, indicating an increase of about 6.54%[21]. - The company's equity attributable to shareholders of the parent company decreased to CNY 14,188,497,454.92 from CNY 14,490,394,193.21, a decline of approximately 2.09%[22]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 66,451, with the largest shareholder, Anhui Energy Group Co., Ltd., holding 54.04%[5]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[6]. - The company experienced a decrease in minority shareholders' profit, reporting CNY -8,940,508.14 compared to CNY 36,386,245.15 in the previous year[28]. Other Financial Metrics - The company's non-current asset disposal gains were ¥4,233,620.31, and government subsidies recognized in the current period amounted to ¥3,275,859.18[3]. - Sales expenses for the period were CNY 983,586.72, up 67.19% year-on-year, attributed to increased sales salaries and travel expenses[9]. - Other comprehensive income after tax was CNY -411,732,210.94, a decrease of CNY 366,006,108.94 year-on-year, mainly due to a decline in the fair value of equity investments[10]. - Basic and diluted earnings per share were both CNY 0.05, down from CNY 0.06 in the same quarter last year[29]. - The company reported a financial expense of ¥94,442,406.91, down from ¥117,096,746.33, a decrease of 19.4%[27]. - The company reported no derivative investments or entrusted financial management during the reporting period[16][17].