Financial Performance - The company did not achieve profitability in both the parent and consolidated financial statements for 2021, leading to a decision not to distribute cash dividends or issue bonus shares[9]. - The company's operating revenue for 2021 was ¥15,040,803,080.87, a decrease of 2.14% compared to the adjusted revenue of ¥15,370,326,991.01 in 2020[32]. - The net profit attributable to shareholders was -¥2,210,300,112.88, representing a significant decline of 330.75% from the adjusted net profit of ¥957,890,066.91 in 2020[32]. - The basic and diluted earnings per share for 2021 were both -¥1.234, a decrease of 330.65% compared to ¥0.516 in 2020[35]. - The net cash flow from operating activities was ¥148,174,117.62, down 94.81% from ¥2,632,335,313.03 in 2020[35]. - The company reported a net loss of -¥1,470,312,559.42 for the fourth quarter of 2021, with a significant decline in net profit across the quarters[39]. - The weighted average return on equity was -20.24% for 2021, a decrease of 28.07 percentage points from 7.84% in 2020[35]. - In 2021, the company achieved operating revenue of 15.041 billion yuan, a decrease of 2.41% year-on-year, and a net profit attributable to shareholders of -2.21 billion yuan[63]. Assets and Liabilities - The company's asset-liability ratio increased in 2021, indicating a rise in financial leverage[9]. - Total assets at the end of 2021 were ¥38,527,872,934.56, an increase of 7.76% from ¥35,752,622,712.62 at the end of 2020[35]. - The net assets attributable to shareholders decreased by 23.42% to ¥9,593,176,462.45 from ¥12,527,191,989.71 in 2020[35]. - Accounts receivable decreased by 0.82% to approximately ¥2.08 billion, representing 5.41% of total assets[105]. - Long-term equity investments decreased by 3.16% to approximately ¥4.07 billion, accounting for 10.56% of total assets[105]. - Fixed assets decreased by 4.39% to approximately ¥18.92 billion, making up 49.10% of total assets[105]. - Short-term borrowings decreased by 5.47% to approximately ¥3.30 billion, representing 8.56% of total liabilities[105]. - Long-term borrowings increased by 12.19% to approximately ¥13.04 billion, accounting for 33.84% of total liabilities[105]. Revenue Streams - The power generation sector contributed ¥13,531,098,609.27, accounting for 89.96% of total revenue, down 5.81% from the previous year[80]. - The heating supply business saw a revenue increase of 31.46%, reaching ¥748,321,564.69, due to an increase in heating area supplied by subsidiaries[81]. - The trading and circulation sector experienced significant growth, with revenue rising 552.29% to ¥236,153,921.05, primarily driven by increased coal sales[80]. - The total sales volume of electricity decreased by 7.31% to 389.92 billion kWh, while the on-grid electricity volume also fell by 7.46% to 362.97 billion kWh[82]. Operational Metrics - The company's total installed capacity reached 9.15 million kW, an increase from 8.50 million kW in the previous year[54]. - The company's electricity generation was 38.992 billion kWh, a decrease of 7.46% compared to 42.068 billion kWh in 2020[55]. - The average on-grid electricity price was 366.06 RMB/MWh, a slight increase of 0.27% from 365.09 RMB/MWh in the previous year[55]. - The average utilization hours of the generating units were 4,261 hours, a decrease of 396 hours from the previous year[55]. - The company operates 12 wholly-owned and controlled power generation companies, with a total of 962 million kW of equity operating capacity[54]. Research and Development - The company is focusing on technological innovation, having obtained 37 authorized patents in 2021, including 6 national invention patents[61]. - The company invested 441 million yuan in technology projects, a year-on-year increase of 36.64%[72]. - R&D expenses surged by 533.50% year-on-year, reaching ¥252,269,520.86 in 2021, reflecting the company's increased investment in research and development[90]. - The total R&D investment amounted to ¥265,019,048.53 in 2021, a significant increase of 374.87% compared to ¥55,808,843.86 in 2020[94]. - The number of R&D personnel rose to 831 in 2021, an increase of 11.10% from 748 in 2020[94]. Environmental and Regulatory Compliance - The company reduced SO2 emissions by 283.81 tons (11.19% decrease), NOx emissions by 200.03 tons (5.34% decrease), and dust emissions by 29.12 tons (8% decrease) compared to the previous year[76]. - The company will actively respond to environmental policies and enhance its environmental governance to meet stringent emission standards[145]. - The company maintains strict compliance with corporate governance regulations, ensuring no significant discrepancies with legal requirements[150]. Corporate Governance - The company has established a comprehensive governance structure to ensure the accuracy and completeness of its financial reports[7]. - The company has established independent committees within the board, including strategy, audit, and remuneration committees, ensuring clear responsibilities[150]. - The company has independent financial management systems and does not share bank accounts with its controlling shareholder[152]. - The company ensures that all shareholders can exercise their rights fairly and has implemented measures for transparent information disclosure[150]. - The company has a clear and independent organizational structure, fully separated from its controlling shareholder[152]. Future Outlook - The company aims to become a "regionally leading, nationally first-class" comprehensive energy enterprise, focusing on quality and efficiency, with a commitment to green and low-carbon development[139]. - By 2025, the domestic energy annual comprehensive production capacity is expected to reach 4.6 billion tons of standard coal, with non-fossil energy consumption accounting for approximately 20%[133]. - The company anticipates a 5%-6% year-on-year growth in total electricity consumption for 2022, with non-fossil energy generation capacity expected to reach 50% of total installed capacity[134]. - The company plans to enhance its governance level and risk management capabilities, establishing a long-term incentive mechanism to stimulate corporate vitality[139]. - The company will strengthen its market competitiveness by optimizing its business structure and increasing its focus on clean energy development[144].

Financial Performance - The company's operating revenue for the third quarter was CNY 3,259,560,000, a decrease of 7.44% compared to CNY 3,521,633,000 in the same period last year[3]. - The net profit attributable to shareholders was CNY -880,789,070, a decline of 370.86% from CNY 325,184,755 in the previous year[5]. - The net profit after deducting non-recurring gains and losses was CNY -909,923,647, a decrease of 390.98% compared to CNY 312,710,989 in the same period last year[5]. - The basic earnings per share were CNY -0.492, down 370.33% from CNY 0.182 in the previous year[5]. - Total revenue for the third quarter was approximately ¥10.73 billion, a slight increase from ¥10.69 billion in the previous year, representing a growth of 0.4%[31]. - Operating profit turned negative at approximately -¥1.02 billion, compared to a profit of ¥1.35 billion in the same period last year[34]. - Net profit for the quarter was approximately -¥983.36 million, a decline from a profit of ¥1.09 billion in the previous year[34]. - The total comprehensive income attributable to the parent company was -739,987,553.46 yuan, compared to 853,784,710.59 yuan in the previous period, indicating a significant decline[37]. - Basic and diluted earnings per share were both -0.413 yuan, down from 0.477 yuan in the previous period[37]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 36,683,527,142.28, an increase of 2.60% from CNY 35,752,622,712.62 at the end of the previous year[5]. - Non-current assets totaled approximately ¥30.02 billion, an increase from ¥28.72 billion, reflecting a growth of 4.5%[30]. - Total current assets as of September 30, 2021, were approximately RMB 6.67 billion, down from RMB 7.03 billion at the end of 2020[25]. - Total liabilities rose to approximately ¥22.77 billion from ¥20.20 billion, indicating an increase of 12.7%[31]. - Total current liabilities are approximately $10.57 billion, with short-term borrowings at $5.04 billion[51]. - Total non-current liabilities amount to approximately $9.63 billion, with long-term borrowings at about $7.77 billion[51]. - Total equity attributable to shareholders is approximately $12.53 billion, with retained earnings at about $5.14 billion[51]. Cash Flow - The net cash flow from operating activities was CNY 880,564,224.07, a decrease of 53.67% compared to CNY 1,900,663,739.64 in the same period last year[5]. - Cash inflow from operating activities totaled 13,191,216,132.34 yuan, an increase from 11,751,087,895.43 yuan year-over-year[41]. - Cash outflow from investing activities was 1,800,057,632.48 yuan, compared to 1,033,789,245.21 yuan in the previous period, reflecting increased investment expenditures[41]. - Net cash flow from financing activities was 655,446,658.90 yuan, a recovery from a net outflow of -1,126,047,844.43 yuan in the previous period[44]. - The cash and cash equivalents at the end of the period amounted to 2,006,557,091.07 yuan, slightly down from 2,026,039,723.55 yuan at the end of the previous period[44]. - The company received 12,597,460,237.93 yuan in cash from borrowings, significantly up from 7,346,157,782.18 yuan in the previous period[41]. - The company paid 10,912,884,144.04 yuan in cash for debt repayment, compared to 7,505,578,024.66 yuan in the previous period[41]. - The company reported a cash inflow of 27,166,686.18 yuan from tax refunds, up from 20,085,899.36 yuan in the previous period[41]. Investments and Acquisitions - The company completed the acquisition of a 40% stake in Qinhuangdao Qinre Power Generation Co., Ltd. for RMB 314.85 million, enhancing its energy portfolio[22]. - The acquisition of a 51% stake in Hebei Construction Guorong Energy Service Co., Ltd. was completed for RMB 101.78 million, further expanding its service capabilities[22]. - The company experienced a substantial decrease in investment income, which fell by 160.28% to CNY -137,779,451.04 due to a decline in the net profit of its invested power generation companies[12]. - The company reported a significant decline in investment income, with a loss of approximately -¥137.78 million compared to a gain of ¥228.58 million in the previous year[34]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 68,068, with the largest shareholder, Hebei Construction Investment Group, holding 65.63% of shares[17]. - The company has not disclosed any known relationships or concerted actions among its top shareholders[20]. Other Financial Metrics - The weighted average return on equity decreased by 10.07 percentage points to -7.45% from 2.62% in the previous year[5]. - The company reported a significant increase in other operating income, which rose by 424.45% to CNY 49,198,126.70 due to the sale of carbon emission quotas[12]. - The company’s prepayments increased by 44.93% to CNY 1,581,704,912.54, primarily due to increased coal prepayments to its controlling power generation companies[10]. - Accounts receivable decreased to approximately RMB 1.59 billion from RMB 2.24 billion year-over-year, indicating improved collection efficiency[25]. - Inventory increased to approximately RMB 656.15 million from RMB 603.29 million, reflecting a strategic buildup in anticipation of future demand[25]. - Research and development expenses were approximately ¥20.59 million, up from ¥18.86 million, indicating a focus on innovation[34]. Regulatory and Audit Information - The third-quarter report has not been audited[54]. - The company has implemented new leasing standards since January 1, 2021, affecting the financial statements[53].

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the first half of 2021, representing a year-on-year increase of 15%[21]. - Net profit attributable to shareholders reached 200 million RMB, up 10% compared to the same period last year[21]. - Future guidance estimates a revenue growth of 18% for the second half of 2021, driven by increased demand for energy solutions[21]. - The company's operating revenue for the current period is ¥7,467,724,860.57, representing a 4.18% increase compared to the adjusted revenue of ¥7,168,025,032.37 from the same period last year[28]. - The net profit attributable to shareholders for the current period is ¥140,801,517.00, a significant decrease of 73.36% from the adjusted net profit of ¥528,599,955.50 in the previous year[28]. - The net cash flow from operating activities is ¥889,321,621.00, showing a 2.46% increase compared to the adjusted figure of ¥867,965,798.78 from the same period last year[28]. - The total assets at the end of the current period amount to ¥37,478,137,485.14, reflecting a 4.83% increase from the previous year's total assets of ¥35,752,622,712.62[28]. - The company reported a total of ¥21,153,552.12 in non-recurring gains and losses, with government subsidies contributing ¥16,020,560.48[33]. - The company’s weighted average return on equity decreased to 1.14%, down 3.21 percentage points from the previous year[28]. - The company’s net assets attributable to shareholders decreased by 4.63% to ¥11,946,783,712.10 compared to the previous year[28]. - The company achieved operating revenue of CNY 7.47 billion, a year-on-year increase of 4.18%[59]. - The net profit attributable to shareholders was CNY 141 million, a decrease of 73.36% compared to the previous year[47]. - The company completed a total electricity generation of 20.24 billion kWh, representing a year-on-year growth of 6.50%[52]. Market Expansion and Investments - The company plans to expand its market presence by increasing its investment in renewable energy projects, targeting a 20% growth in this sector by 2023[21]. - The company is exploring potential mergers and acquisitions to strengthen its market position, with a focus on companies in the clean energy sector[21]. - The company completed the acquisition of a 40% stake in Qinre Company and a 51% stake in Shouyang Thermal Power through public trading, enhancing its operational capacity[37]. - The company is actively expanding its clean energy project development and has initiated several comprehensive energy service projects[48]. - The total investment amount for the reporting period was ¥815,643,320.77, a substantial increase of 638.21% compared to ¥110,490,000.00 in the previous year[73]. - The company acquired a 30% stake in Yangmei Group Shouyang Boqi Power Co., Ltd. for RMB 182.7 million and a 50% stake in Yangmei Group Xishangzhuang Low-Heat Value Coal Thermal Power Co., Ltd. for RMB 210.1 million[158]. - The company further increased its stake in Yangmei Group Shouyang Boqi Power Co., Ltd. to 51% by purchasing an additional 21% stake for RMB 127.9 million, becoming the controlling shareholder[160]. Operational Efficiency and Cost Management - The company has successfully reduced operational costs by 5% through efficiency improvements and cost control measures[21]. - The gross profit margin for the electricity production segment decreased by 12.29 percentage points to 8.39% due to a 19.21% increase in operating costs[63]. - The total operating costs for the electricity production segment increased by 19.21% to ¥6,340,017,250.70, impacting overall profitability[63]. Environmental and Governance Practices - The company is committed to enhancing its corporate governance practices, ensuring transparency and accountability in its operations[21]. - The company’s environmental governance efforts are in line with regional policies, ensuring compliance with pollution discharge standards[89]. - The company is committed to enhancing its ecological civilization construction level in response to increasing environmental regulations[89]. - The company has implemented measures for deep reduction of emissions, including the management of colored smoke and modifications to certain units[101]. - The company has established an emergency response plan for environmental incidents, which has been reviewed and filed as required[103]. - The company has developed and strictly implemented self-monitoring plans for pollutant emissions in accordance with industry guidelines[104]. - The company is classified as a key pollutant discharge unit by environmental protection authorities[97]. - In the first half of 2021, the company invested approximately RMB 28.66 million in environmental protection initiatives, with plans to invest about RMB 60 million in the second half of the year for deep emission reduction and environmental monitoring equipment upgrades[108]. - The company is committed to green and low-carbon development, focusing on energy-saving and emission-reduction projects to lower energy consumption and carbon emission intensity[108]. - The company has implemented a carbon asset management approach to ensure the completion of carbon emission intensity targets[108]. Shareholder and Financial Structure - The largest shareholder, Hebei Construction Investment Group, holds 65.63% of the total shares, amounting to 1,175,905,950 shares[174]. - The second largest shareholder, Central Huijin Asset Management, holds 1.34% of the shares, totaling 24,028,300 shares[174]. - The company approved a profit distribution plan for 2020, proposing a cash dividend of RMB 1.70 per 10 shares, with a total of 1,791,626,376 shares as the basis[161]. - The company plans to publicly issue corporate bonds up to RMB 2.5 billion to optimize its financial structure, with the first phase of RMB 1.5 billion completed on June 17, 2021[157]. - The company issued corporate bonds with a face value of RMB 100 and an interest rate of 3.72%, totaling 15 million bonds, which were listed on June 24, 2021[169]. - The company has no preferred shares outstanding during the reporting period[183]. - The company has no significant litigation or arbitration matters during the reporting period[123]. - The company has no significant impact on its operating results and financial status from related party debts[136]. Risk Management - The company is facing coal market risks due to price fluctuations, prompting it to adjust procurement strategies and enhance coal reserve capabilities[85]. - The company has no significant contracts or financial management activities during the reporting period[155][156]. - The company has no changes in credit ratings during the reporting period[187].

Financial Performance - The company's operating revenue for Q1 2021 was ¥4,536,158,429.66, representing a 6.14% increase compared to ¥4,273,555,910.26 in the same period last year[7]. - Net profit attributable to shareholders was ¥299,567,487.69, a decrease of 27.81% from ¥414,998,740.99 in the previous year[7]. - The net profit after deducting non-recurring gains and losses was ¥282,158,215.81, down 30.70% from ¥407,156,515.08 year-on-year[7]. - The basic earnings per share decreased by 28.02% to ¥0.167 from ¥0.232 in the same period last year[7]. - Net profit for the quarter was ¥366,331,567.52, a decrease of 33.9% from ¥553,668,614.05 in the same period last year[58]. - The total comprehensive income attributable to the parent company was ¥299,567,487.69, compared to ¥414,998,740.99 in the previous period, a decrease of 28%[61]. Assets and Liabilities - The total assets at the end of the reporting period were ¥37,394,137,050.93, an increase of 5.42% from ¥35,470,667,656.59 at the end of the previous year[7]. - The company's total assets amounted to ¥13,326,959,491.47, compared to ¥13,096,678,481.16 in the previous year, showing a growth of 1.8%[55]. - The company's total liabilities amounted to CNY 21.69 billion, compared to CNY 20.12 billion, marking an increase of approximately 7.8%[48]. - Long-term borrowings rose to CNY 9.56 billion from CNY 7.77 billion, an increase of about 22.9%[48]. - Current liabilities decreased to ¥515,645,484.44 from ¥906,238,025.68, a reduction of 43.1%[55]. - Total liabilities rose from ¥20,116,091,595.05 to ¥20,261,497,035.04, an increase of ¥145,405,439.99[78]. Cash Flow - The net cash flow from operating activities was ¥534,582,228.52, a slight decrease of 0.63% from ¥537,959,867.21 in the previous year[7]. - Cash flow from operating activities amounted to ¥4,765,650,987.67, an increase from ¥3,968,455,763.34 in the previous period, reflecting a growth of 20.1%[66]. - Cash inflow from financing activities reached CNY 4,699,030,831.84, up from CNY 3,165,157,782.18, marking an increase of about 48.5%[69]. - Cash outflow from investing activities amounted to CNY 1,101,126,104.30, significantly higher than CNY 311,737,501.77 in the prior period, representing an increase of approximately 253.5%[69]. - Cash inflow from sales of goods and services was CNY 33,669,314.58, up from CNY 23,053,380.50, indicating a growth of approximately 46%[72]. Investments - Investment income rose by 95.11%, from CNY 20,068,794.50 to CNY 39,155,660.34, driven by increased profits from the associated company Hebei Construction Investment Offshore Wind Power Co., Ltd.[20]. - The company acquired a 40% stake in Qinhuangdao Qinre Thermal Power Co., Ltd. for CNY 314,851,800, which has been transferred to the company, making it a subsidiary.[24]. - The company purchased a 30% stake in Yangquan Coal Industry (Group) Co., Ltd. for CNY 182,701,860 and a 50% stake in another subsidiary for CNY 210,118,850, increasing its control in the respective companies.[25]. - The company reported investment income of ¥39,155,660.34, up from ¥20,068,794.50, indicating a growth of 95.5%[58]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 64,217[12]. - The largest shareholder, Hebei Construction Investment Group Co., Ltd., held 65.63% of the shares[12]. Other Financial Metrics - The weighted average return on net assets was 2.40%, a decrease of 1.08 percentage points compared to 3.48% in the previous year[7]. - Research and development expenses were ¥566,421.61, significantly lower than ¥3,846,076.18 from the previous year, a decrease of 85.3%[58]. - The company's other receivables increased to CNY 73.17 million from CNY 51.72 million, a rise of approximately 41.3%[45]. - The company incurred sales expenses of ¥12,323,060.88, which is an increase from ¥11,232,386.12 in the previous period, reflecting a rise of 9.7%[62]. - The company’s management expenses decreased to ¥11,351,469.35 from ¥16,846,690.94 in the previous period, a reduction of 32.5%[62]. Changes in Inventory and Assets - The company reported a decrease in inventory to CNY 442.92 million from CNY 597.87 million, a decline of approximately 26%[45]. - The total non-current assets increased to CNY 30.39 billion from CNY 28.63 billion, reflecting a growth of about 6.1%[45]. - The cash balance at the end of the period was CNY 1,880,968,733.03, compared to CNY 1,960,589,113.77 at the end of the previous period[69]. Reporting Standards - The first quarter report was not audited[86]. - The company has implemented a new leasing standard effective January 1, 2021, impacting financial reporting[78].

Financial Performance - The company's operating revenue for 2020 was ¥14,219,347,121.09, representing a 1.83% increase from ¥13,963,722,824.86 in 2019[26]. - The net profit attributable to shareholders for 2020 was ¥924,852,743.77, a significant increase of 44.61% compared to ¥639,556,309.98 in 2019[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥901,911,386.22, up 43.52% from ¥628,420,761.48 in 2019[26]. - The net cash flow from operating activities for 2020 was ¥2,632,335,313.03, reflecting a 5.96% increase from ¥2,484,173,637.85 in 2019[26]. - The basic earnings per share for 2020 was ¥0.516, an increase of 44.54% from ¥0.357 in 2019[26]. - The total assets at the end of 2020 were ¥33,884,899,569.78, a 4.72% increase from ¥32,358,230,877.37 at the end of 2019[26]. - The net assets attributable to shareholders at the end of 2020 were ¥12,173,789,379.52, up 6.19% from ¥11,463,931,800.87 at the end of 2019[26]. - The company achieved a gross margin of 23.68% in the power generation segment, an increase of 2.81 percentage points year-on-year[73]. - The company reported a net profit of 183,278,975.24 CNY for the subsidiary Xidian Company, with total revenue of 2,108,958,155.89 CNY[114]. Dividend Distribution - The company reported a profit distribution plan to distribute a cash dividend of 1.70 CNY (including tax) for every 10 shares based on a total of 1,791,626,376 shares[6]. - In 2020, the company distributed cash dividends of 304,576,483.92 CNY, representing 32.93% of the net profit attributable to ordinary shareholders[133]. - The company's cash dividend for 2020 was set at 1.70 CNY per 10 shares, based on a total share capital of 1,791,626,376 shares[136]. - The average cash dividend payout ratio over the last three years (2018-2020) was 43.35%[188]. Operational Capacity and Projects - The company controlled an operational capacity of 9.15 million kilowatts and a construction capacity of 0.7 million kilowatts[40]. - The company's installed power generation capacity reached 1,908.7 million kW, a year-on-year increase of 9.5%[43]. - Non-fossil energy power generation capacity was 980 million kW, accounting for 44.8% of total installed capacity[43]. - The company completed a total heat supply of 49.45 million GJ, an increase of 9.64% year-on-year, with an additional heating area of 13.53 million square meters[56]. - The average utilization hours of power generation units reached 4,671 hours, exceeding the national average by 455 hours[58]. - The company acquired 51% equity in Shouyang Thermal Power and 50% equity in Yangquan Thermal Power, expanding its regional layout[53]. - The company has completed the transfer of stakes in several profitable thermal power assets, including a 30% stake in Hebei Datang International Wangtan Power Co., Ltd. and a 29.43% stake in Guodian Hebei Longshan Power Co., Ltd.[137]. Market and Strategic Focus - The company operates primarily in energy projects, focusing on investment, construction, and management of power generation[22]. - The company has a strategic focus on expanding its market presence in the energy sector[22]. - The company aims to achieve a clean energy transition and enhance its competitive edge by focusing on clean energy development and optimizing its energy supply structure during the "14th Five-Year Plan" period[119]. - The company plans to increase its clean energy capacity and improve the efficiency of traditional energy production, targeting a more balanced energy supply structure by the end of the "14th Five-Year Plan" period[119]. - The company is committed to transitioning towards a low-carbon economy in response to national carbon neutrality goals set for 2030 and 2060[116]. - The company is actively pursuing opportunities in strategic emerging industries to drive high-quality growth[120]. Environmental Compliance - The company has achieved compliance with environmental standards for major pollutants and will continue to enhance its environmental management systems[126]. - The company and its subsidiaries are classified as key pollutant discharge units by the environmental protection department[199]. - Major pollutants include sulfur dioxide, smoke, and nitrogen oxides, with specific emission concentrations reported[199]. - The nitrogen oxides emission concentration is 19.48 mg/m³, which is below the standard of 50 mg/m³[199]. - The total approved discharge amount for nitrogen oxides is 1,200 tons, indicating compliance with environmental regulations[199]. - The concentration of smoke emissions is reported at 1.71 mg/m³, well below the standard of 10 mg/m³[199]. - No violations of emission standards have been reported for any of the pollutants across the subsidiaries[199]. Research and Development - Research and development expenses decreased significantly by 88.74% to ¥394,950.93 in 2020, with the number of R&D personnel increasing by 95.83% to 47[83][84]. - The total amount of R&D investment in 2020 was ¥9,512,599.06, a decrease of 81.52% from ¥51,465,482.95 in 2019[87]. - The company will increase its investment in technology research and development to enhance innovation and application of technological achievements[123]. - The company emphasizes technological innovation and reform as key drivers for enhancing core competitiveness and achieving high-quality development[119]. Related Party Transactions - The total amount of related party transactions for the reporting period was CNY 28,561.86 million, with a significant portion being energy management and technical services[157]. - The company’s related party transactions accounted for up to 89.39% of similar transactions in certain categories[156]. - The company disclosed its related party transactions in accordance with regulatory requirements, ensuring transparency[156]. - The company has a receivable from a related party, with an initial balance of 1,922.42 million CNY and a year-end balance of 1,844.89 million CNY, indicating a decrease of approximately 4.05%[164]. Governance and Internal Control - The company is committed to improving its governance and internal control effectiveness to ensure sustainable development[123]. - The company has engaged Lianda Accounting Firm for internal control audits for the fiscal year 2020, with a service fee of CNY 1.6 million[146]. - The company has not engaged in any entrusted financial management during the reporting period[182]. - The company has no violations regarding external guarantees during the reporting period[179]. Social Responsibility - The company has implemented a poverty alleviation program, helping 219 registered impoverished individuals to escape poverty[192]. - In 2020, the company invested 55,000 CNY in poverty alleviation funds and 9,000 CNY in material assistance[193]. - The company plans to continue its poverty alleviation efforts in 2021, focusing on sustainable development and preventing a return to poverty[198].

Financial Performance - Net profit attributable to shareholders was ¥320,262,408.50, representing a significant increase of 346.92% year-on-year[7]. - Operating revenue for the period was ¥3,284,706,738.84, reflecting a growth of 2.21% compared to the same period last year[7]. - Basic earnings per share increased to ¥0.179, up 347.50% year-on-year[7]. - The company reported a net profit of ¥825,095,273.11 for the year-to-date, an increase of 77.85% compared to the same period last year[7]. - The company reported a significant increase in investment income from joint ventures and associates, rising to 153,219,958.89 from 13,482,792.23, which is an increase of over 1030%[70]. - The total comprehensive income for the current period was ¥396,831,848.03, compared to ¥119,403,997.37 in the previous period, reflecting an increase of 231.5%[62]. - The net profit for the current period is 1,021,972,229.14, an increase from 638,501,779.70 in the previous period, representing a growth of approximately 60%[70]. - The total revenue for the current period is 1,264,517,114.05, compared to 834,060,792.38 in the previous period, indicating a year-over-year increase of about 51%[70]. Cash Flow and Financial Position - The net cash flow from operating activities was ¥1,039,622,886.33, an increase of 32.49% compared to the same period last year[7]. - Cash flow from financing activities decreased by 142.20% to -¥976,580,450.42, mainly due to a reduction in cash received from loans[25]. - The cash inflow from operating activities for the current period is approximately ¥10.89 billion, a decrease of 4.8% compared to ¥11.44 billion in the previous period[78]. - The net cash outflow from operating activities is ¥9.15 billion, down from ¥10.14 billion, indicating improved cash management[81]. - The total cash and cash equivalents at the end of the period increased to approximately ¥1.96 billion from ¥1.82 billion, showing a positive cash position[81]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥32,546,099,227.48, an increase of 0.58% compared to the previous year[7]. - The total liabilities decreased to CNY 18,030,985,591.64 from CNY 18,474,479,332.50, a reduction of about 2.40%[49]. - The total equity increased to CNY 14,515,113,635.84 from CNY 13,883,751,544.87, representing an increase of approximately 4.55%[49]. - The company's non-current assets totaled CNY 26,261,323,640.73, slightly down from CNY 26,436,271,621.46, indicating a decrease of about 0.66%[46]. - Total current assets amounted to CNY 5,921,959,255.91 as of January 1, 2020, unchanged from December 31, 2019[88]. Shareholder Information - The total number of shareholders at the end of the reporting period was 63,669[12]. - The largest shareholder, Hebei Construction Investment Group Co., Ltd., holds 65.63% of the shares[12]. Investment Activities - The company plans to issue bonds up to ¥2.5 billion to optimize its financial structure and broaden financing channels[26]. - The company acquired a 30% stake in a power generation company for ¥182.70 million and a 50% stake in another for ¥210.12 million[30]. - Investment income surged by 867.21% to ¥228,482,453.27, driven by a significant increase in net profits from associated companies[21]. Operating Costs and Expenses - Total operating costs decreased to ¥2,973,995,785.42 from ¥3,036,597,895.91, reflecting a reduction of about 2.1%[56]. - The company's management expenses have risen to 579,978,087.28 from 505,892,311.69, which is an increase of approximately 15%[70]. - The tax expenses for the current period are 242,544,884.91, compared to 195,559,012.68 in the previous period, reflecting an increase of about 24%[70]. Other Financial Metrics - The weighted average return on equity rose to 2.68%, an increase of 2.03 percentage points year-on-year[7]. - Research and development expenses were recorded at ¥-8,580.32, indicating a decrease compared to the previous period[59]. - The company reported a decrease in tax and additional fees to ¥568,670.41 from ¥715,345.50, a reduction of 20.5%[63].

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 6,613,118,334.12, representing a decrease of 5.06% compared to CNY 6,965,812,175.78 in the same period last year[22]. - Net profit attributable to shareholders of the listed company increased by 28.70% to CNY 504,832,864.61 from CNY 392,267,832.25 year-on-year[22]. - The net profit after deducting non-recurring gains and losses rose by 29.60% to CNY 492,431,553.32 compared to CNY 379,971,612.56 in the previous year[22]. - The net cash flow from operating activities increased by 34.52% to CNY 694,488,915.64 from CNY 516,255,508.19 in the same period last year[22]. - Basic earnings per share rose by 28.77% to CNY 0.282 from CNY 0.219 year-on-year[22]. - The weighted average return on net assets improved by 0.80 percentage points to 4.32% compared to 3.52% in the previous year[22]. - Total assets at the end of the reporting period were CNY 32,282,715,503.91, a slight decrease of 0.23% from CNY 32,358,230,877.37 at the end of the previous year[22]. - Net assets attributable to shareholders of the listed company increased by 2.53% to CNY 11,753,769,500.36 from CNY 11,463,931,800.87 year-on-year[22]. Operational Highlights - In the first half of 2020, the company achieved operating revenue of 6.613 billion yuan and net profit of 505 million yuan, indicating stable growth in operating performance[44]. - The company controls an operational capacity of 8.5 million kilowatts and has a stake in 12 power generation companies, highlighting its significant presence in the energy sector[31]. - The company reported a decrease of 55.57% in construction projects compared to the beginning of the period, primarily due to the transfer of the Zhuozhou Thermal Power construction project to fixed assets[38]. - The company completed a total electricity generation of 17.552 billion kWh in the first half of 2020, with an average utilization hour of 2,124 hours, exceeding the national average by 130 hours[45]. - The average on-grid electricity price for the company's controlled power generation companies was 322.96 RMB/MWh, representing a year-on-year increase of 1.69%[45]. - The company achieved a total heat sales volume of 29.08 million GJ, marking a year-on-year growth of 17.9%[50]. Environmental and Regulatory Compliance - The company is committed to environmental governance, ensuring compliance with pollution discharge standards in line with regional regulations[92]. - The average nitrogen oxide emission concentration for the company's controlled power generation companies was 20.36 mg/Nm³, meeting ultra-low emission standards[52]. - The company is classified as a key pollutant discharge unit, with total emissions of nitrogen oxides at 240.42 tons and sulfur dioxide at 166.66 tons, all within regulatory limits[138]. - The company reported a nitrogen oxide emission reduction of 1,293.29 tons year-on-year, totaling 1,749.23 tons for the first half of 2020[141]. - Sulfur dioxide emissions decreased by 708.88 tons year-on-year, amounting to 1,179.4 tons in the same period[141]. - The company has implemented online monitoring systems for air pollutants and wastewater, with real-time data transmission to environmental protection departments[146]. Strategic Initiatives - The company aims to transform into a comprehensive energy service provider, aligning with national energy development plans and market reforms[36]. - The company plans to enhance fuel cost control by increasing the procurement of long-term coal contracts to mitigate coal market risks[88]. - The company aims to improve its market competitiveness by enhancing cost management and expanding its electricity sales market[89]. - The company is actively seeking overseas investment opportunities and steadily advancing overseas project development[57]. Shareholder and Governance Matters - The company plans not to distribute cash dividends or issue bonus shares[7]. - All directors attended the board meeting to review this report[6]. - The company held its first extraordinary shareholders' meeting of 2020 with a participation rate of 67.02% on January 8, 2020[95]. - The annual shareholders' meeting for 2019 had a participation rate of 66.84% and was held on April 15, 2020[95]. - The company has commitments from its controlling shareholder to support the development of thermal power projects and prioritize asset operations and acquisitions related to thermal power for the company[96]. - The controlling shareholder has committed to reducing and standardizing related party transactions, ensuring they are conducted on fair and equitable terms[100]. Financial Management - The company has no significant asset or equity disposals during the reporting period, indicating stability in its asset management[82][83]. - The company has not experienced any major litigation or arbitration matters during the reporting period[104]. - The company has not implemented any stock incentive plans or employee shareholding plans during the reporting period[107]. - The company has not faced any significant penalties or rectification issues during the reporting period[106]. - The total amount of related party transactions for the reporting period is 132.56 million RMB, accounting for 0.40% of the total transaction amount approved[110]. Investment and Development - The company has invested a total of 384.21 million RMB in the offshore wind power project, holding a 45% stake[114]. - The company has provided a bank loan guarantee for its associate Shanxi International Energy Yuguang Coal Power Co., Ltd., with a maximum guarantee amount of 1.15 billion RMB, and the actual guarantee balance as of the reporting period end is 550.60 million RMB[119]. - The company has incurred related party payables totaling 139.00 million RMB, with a new addition of 158.20 million RMB during the reporting period[115].

1 证券代码：000600 证券简称：建投能源 公告编号：2020-25 河北建投能源投资股份有限公司 关于 2020 年度投资者网上集体接待日活动的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 河北建投能源投资股份有限公司（以下简称"公司"）已于 2020 年 3 月 24 日发布了 2019 年度报告。为进一步做好投资者关系管理工作， 加强与广大投资者的沟通，使广大投资者更全面深入地了解公司情况， 公司定于 2020 年 6 月 12 日（星期五）15：50--17：00 参加中国证监会 河北监管局举办的"河北辖区上市公司 2020 年度投资者网上集体接待日" 活动。 本次年度集体接待日活动将在深圳市全景网络有限公司提供的网上 平台采取网络远程的方式举行，投资者可以登录"河北辖区上市公司投 资者关系互动平台"（http://rs.p5w.net）参与交流。届时，公司高管将在 线就公司 2019 年度业绩、公司治理、生产经营情况等问题与投资者进行 互动交流，欢迎投资者踊跃参加。 特此公告。 河北建投能源投资股份有限公司 董 事 会 2020 年 6 月 ...

Financial Performance - The company's operating revenue for Q1 2020 was ¥3,956,251,778.15, a decrease of 2.79% compared to ¥4,069,721,111.37 in the same period last year[8] - Net profit attributable to shareholders was ¥396,793,156.43, representing a 26.76% increase from ¥313,037,111.24 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥390,841,281.45, up 27.81% from ¥305,793,691.19 in the previous year[8] - Basic and diluted earnings per share increased by 26.29% to ¥0.221 from ¥0.175 year-on-year[8] - Net profit for the current period reached ¥508,154,652.66, an increase from ¥392,895,833.40 in the previous period, representing a growth of approximately 29.3%[66] - Operating income for the current period was ¥28,500,078.47, down from ¥39,626,694.60 in the previous period, indicating a decline of about 28.1%[69] - Operating profit decreased to ¥12,654,011.01 from ¥45,497,758.79, reflecting a significant drop of approximately 72.1%[69] - The total profit for the current period was ¥12,654,116.12, compared to ¥45,498,826.37 in the previous period, marking a decline of around 72.1%[69] - The company reported investment income of ¥21,217,953.45, down from ¥48,614,378.39, a decrease of approximately 56.4%[69] - Tax expenses for the current period amounted to ¥120,520,617.37, up from ¥88,414,514.52, indicating an increase of approximately 36.3%[66] Cash Flow - The net cash flow from operating activities decreased by 20.22% to ¥506,531,426.36 from ¥634,883,787.68 in the same period last year[8] - Net cash flow from financing activities increased significantly by 1,085.91% to ¥544,382,176.23 from -¥55,216,453.79, primarily due to loan repayments[23] - Operating cash inflow for the current period was CNY 3,689,453,365.50, a decrease of 13.2% from CNY 4,250,734,711.04 in the previous period[73] - Operating cash outflow totaled CNY 3,182,921,939.14, down 12.0% from CNY 3,615,850,923.36 year-over-year[76] - Cash flow from investing activities showed a net outflow of CNY 302,205,851.04, improving from a net outflow of CNY 397,300,716.30 in the previous period[76] - Cash flow from financing activities resulted in a net inflow of CNY 544,382,176.23, a significant recovery from a net outflow of CNY 55,216,453.79 in the prior year[79] Assets and Liabilities - Total assets at the end of the reporting period were ¥32,931,480,116.70, an increase of 1.77% from ¥32,358,230,877.37 at the end of the previous year[8] - Total current assets increased to ¥6,743,805,837.60 from ¥5,921,959,255.91[41] - The total liabilities amounted to CNY 18,529,573,919.17, slightly increasing from CNY 18,474,479,332.50[50] - The total equity attributable to shareholders of the parent company increased to CNY 11,860,724,957.30 from CNY 11,463,931,800.87, reflecting a growth of about 3.46%[50] - The company’s total current liabilities rose to CNY 9,312,700,359.91 from CNY 9,072,953,414.05, an increase of approximately 2.64%[50] - Non-current liabilities totaled CNY 9,216,873,559.26, down from CNY 9,401,525,918.45, a decrease of approximately 1.96%[50] Changes in Specific Accounts - Cash and cash equivalents increased by 37.85% to ¥2,719,322,173.07 from ¥1,972,614,421.52 at the beginning of the period, mainly due to new low-interest loans for epidemic prevention[19] - Accounts receivable increased by 110.02% to ¥693,420,750.00 from ¥330,170,750.00, primarily due to an increase in electricity bill settlement[19] - Accounts payable decreased by 35.72% to ¥73,780,602.67 from ¥114,780,602.67, mainly due to reduced payment by the holding company[19] - Cash and cash equivalents decreased to CNY 228,414,097.22 from CNY 289,316,911.65, indicating a decline of approximately 21.05%[51] - Accounts receivable rose significantly to CNY 9,307,009.33 from CNY 3,629,101.68, marking an increase of about 156.80%[51] Operating Costs and Expenses - The total operating costs for the current period were ¥3,355,629,230.49, down from ¥3,642,075,864.36, a decrease of approximately 7.9%[66] - The company’s financial expenses included interest expenses of ¥142,401,422.62, which increased from ¥136,838,035.16, reflecting a rise of about 4.1%[66] - Non-operating income dropped by 87.54% to ¥336,290.55 from ¥2,700,039.18, primarily due to a decrease in income from supplier assessments[22] - Non-operating expenses decreased by 92.26% to ¥33,918.33 from ¥438,359.05, mainly due to reduced donation expenses[22]

Financial Performance - The company's operating revenue for 2019 was ¥13,963,722,824.86, a decrease of 0.09% compared to ¥13,976,286,807.36 in 2018[6]. - Net profit attributable to shareholders was ¥639,556,309.98, representing a 48.10% increase from ¥431,841,768.21 in 2018[6]. - The net profit after deducting non-recurring gains and losses was ¥628,420,761.48, up 49.06% from ¥421,583,812.12 in the previous year[6]. - The company's cash flow from operating activities was ¥2,484,173,637.85, a decrease of 3.18% from ¥2,565,710,579.30 in 2018[6]. - Basic earnings per share increased to ¥0.357, a rise of 48.13% compared to ¥0.241 in 2018[6]. - Total assets at the end of 2019 were ¥32,358,230,877.37, an increase of 1.59% from ¥31,852,046,876.87 at the end of 2018[6]. - Net assets attributable to shareholders reached ¥11,463,931,800.87, up 4.65% from ¥10,954,026,612.90 in 2018[6]. - The total operating revenue for 2019 was approximately ¥13.96 billion, showing a slight decrease of 0.09% compared to ¥13.98 billion in 2018[65]. - The power generation segment accounted for 95.05% of total revenue, generating approximately ¥13.27 billion, which is a decrease of 0.76% year-on-year[65]. - The company achieved a total power generation of 398.11 billion kWh in 2019, down 3.25% from 411.47 billion kWh in 2018[68]. Shareholder Information - The total number of shares for the cash dividend distribution is 1,791,626,376 shares, with a cash dividend of 0.00 per 10 shares (tax included) for the year 2019[6]. - The company achieved a cash dividend of CNY 214,995,165.12 for the year 2019, representing 33.62% of the net profit attributable to ordinary shareholders[119]. - The cash dividend per 10 shares for 2019 is CNY 1.20, which is an increase from CNY 1.00 in 2018 and CNY 0.80 in 2017[120]. - The company’s total distributable profit for 2019 is CNY 3,595,875,369.89, with the total cash dividend accounting for 100% of the profit distribution[122]. - The average cash dividend payout ratio over the last three years (2017-2019) was 43.35%[170]. Business Operations - The company has undergone a business change since April 27, 2004, shifting its main business focus to energy projects primarily involving investment, construction, and management of power generation[19]. - The company has a comprehensive business structure, including subsidiaries involved in power generation and energy services, enhancing its market presence[12]. - The company controlled an operational installed capacity of 8.15 million kilowatts and a construction capacity of 0.35 million kilowatts by the end of 2019[35]. - The company reported a total of 10 controlled power generation companies and 1 sales company, with 12 equity power generation companies[35]. - The company is actively participating in direct electricity trading, with 73 users and a total electricity volume of 8.181 billion kWh[62]. - The company is pursuing overseas investment opportunities and developing projects abroad[62]. Environmental Compliance - The average concentration of nitrogen oxides emissions was 30.4 mg/Nm³, and sulfur dioxide emissions were 19.44 mg/Nm³, meeting ultra-low emission standards[60]. - The company’s controlled power generation units have met the deep emission reduction standards required by Hebei Province[113]. - The company has committed to actively respond to increasingly stringent environmental policies and improve the reliability and economic efficiency of its environmental protection systems[113]. - The company has implemented a deep reduction of air pollutants, achieving acceptance standards by the end of 2019[190]. - The company’s coal-fired power generation units have achieved ultra-low emissions for nitrogen oxides, sulfur dioxide, and particulate matter, complying with national standards[184]. Research and Development - The company’s total research and development investment increased significantly to ¥51,465,482.95 in 2019, a 618.54% increase compared to ¥7,162,510.73 in 2018[77]. - The company has obtained 9 software copyrights and filed 6 invention patents through its key R&D projects[57]. - The company has accumulated a significant number of professional technical talents, supporting its specialized and market-oriented development[45]. - The company is committed to technological innovation and aims to improve its R&D capabilities to support its strategic goals[107]. Governance and Compliance - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management, ensuring accountability[6]. - The company emphasizes transparency and compliance with regulatory requirements, as evidenced by its commitment to accurate financial reporting[6]. - The company has a strong governance structure and a highly efficient management team, contributing to its competitive advantage in the market[43]. - The company has not faced any major penalties or rectification issues during the reporting period[135]. - The company has not reported any significant accounting errors requiring restatement during the reporting period[128]. Strategic Initiatives - The company plans to enhance its operational management and improve the market competitiveness of existing assets, focusing on safety and cost control[107]. - The company aims to expand its thermal energy business and integrate market resources to increase profitability in this segment[109]. - The company is actively pursuing capital operations to optimize its shareholder structure and attract strategic investors for growth[110]. - The company is exploring potential mergers and acquisitions to enhance its market position and diversify its portfolio[197]. - A new strategic initiative focuses on increasing operational efficiency, aiming for a 5% reduction in operational costs by the end of 2020[197]. Customer and Market Expansion - User data indicates that the company expanded its customer base by 25%, reaching a total of 500,000 users by the end of 2019[197]. - The company reported a 30% increase in market share within the renewable energy sector, positioning itself as a leader in this industry[197]. - Future outlook includes a projected revenue growth of 10% for 2020, driven by market expansion and new product launches[197]. Investment and Financing - The company made a significant equity investment of ¥35,703,200.00 in Zhu Hua Thermal Power, acquiring a 51.00% stake[88]. - The company also invested ¥18,000,000.00 in a heating company, obtaining a 100.00% ownership[91]. - The company provided bank loan guarantees for its associate Shanxi International Energy Yuguang Coal Power Co., Ltd., with a guarantee limit of 1.152 billion RMB, and the actual guarantee balance was 501.6 million RMB at the end of the reporting period[149]. - The company has a total of 207.2 million RMB in approved external guarantees, with an actual guarantee balance of 501.6 million RMB, representing 4.38% of the company's net assets[160].