Company Overview and Business Development - The company, Guangdong Baoli Huasheng New Energy Co., Ltd., was listed on the Shenzhen Stock Exchange in January 1997, focusing on new energy power generation [1] - The business development plan emphasizes strengthening the core energy power business, particularly the Lufeng Jiahuwan Clean Energy Base [1] Operational Performance and Response to High Coal Prices - In the first three quarters of 2022, the company achieved operating revenue of CNY 3.183 billion, a year-on-year increase of 30.56% [3] - Net profit attributable to shareholders reached CNY 181 million, up 13.94% year-on-year [3] - The company has implemented measures to optimize internal costs and enhance operational efficiency in response to high coal prices [3] Future Project Development - The company plans to advance the expansion of the Meixian Heshuyuan Power Plant (2 × 1000MW) and the Lufeng Jiahuwan Power Plant (4 × 1000MW) [3] - These projects are part of existing site expansions, with a focus on meeting national energy security strategies [3] Wind Power Operations - The Lufeng Jiahuwan (onshore) wind farm, with a capacity of 48MW, has been operational since 2009, demonstrating stable management [3] - The Shantou Hohai offshore wind project, which began operations in 2021, achieved a net profit of approximately CNY 251 million in the first half of 2022, with a utilization rate of 94% [3] Financial Investment Business - The company maintains a cautious approach to financial investments, achieving a net profit of CNY 80.18 million from the Meizhou Commercial Bank, a 504.7% increase year-on-year [4] - The Shantou Hohai offshore wind project also contributed significantly to profits, alongside other investments [4] Future Development Outlook - The company aims to strengthen its core business in new energy power, aligning with national carbon neutrality goals and the growth of non-fossil energy generation capacity [4] - Plans include developing new financial investments, smart energy, energy storage, and new energy service technologies to ensure sustainable growth [4]

Group 1: Company Overview - Guangdong Baoli Huawatt New Energy Co., Ltd. was listed on the Shenzhen Stock Exchange in January 1997, focusing on "new energy power and new financial investment" as its dual core business [3] - The company aims to be a pioneer in China's new energy sector and a leader in new financial services, contributing to sustainable economic development [3] - The company has implemented a "production-finance integration, dual-wheel drive" development strategy to ensure continuous and healthy growth [3] Group 2: Key Projects and Achievements - The Meixian Heshuyuan Power Plant has a total installed capacity of 1.47 million kW, making it the largest resource comprehensive utilization power plant in Guangdong Province [3] - The plant has received multiple awards, including the "Special Prize for Science and Technology in Guangdong Province" and the "Best Environmental Power Plant Award" in 2009 [3] - The Lufeng Jiahuwan Green Energy Base is planned to include 8 × 100 MW ultra-supercritical efficient energy-saving units and a 140 MW offshore wind farm [3] Group 3: Pricing and Policy Support - The company benefits from policy support due to its power plants being located in key revolutionary areas, which are prioritized for development [4] - National policies have been established to support energy projects in poverty-stricken areas, providing a basis for pricing electricity from the company's plants [4] - The company operates low-energy consumption units that qualify for national environmental pricing policies, resulting in lower operational costs [4] Group 4: Response to Market Changes - The recent rise in coal prices has significantly impacted the entire power industry, prompting the company to optimize internal costs and enhance energy efficiency [4] - The company is adapting its coal procurement strategy based on production needs and market conditions to reduce overall procurement costs [4] - Future wind power development includes the construction of additional wind farms in Lufeng, with ongoing projects progressing rapidly [4]

证券代码：000690 证券简称：宝新能源 广东宝丽华新能源股份有限公司投资者关系活动记录表 编号：2022-003 | --- | --- | --- | --- | |------------------|-----------------------------------------------------------------|------------------------------|------------------------------------------------------------| | | | | | | | | | √特定对象调研 □分析师会议 □媒体采访 | | 投资者关系 | □业绩说明会 | | □新闻发布会 □路演活动 | | 活动类别 | □现场参观 | □其他 | | | 参与单位名称 | | | 富国基金：毕天宇、徐颖真、李晓铭、刘莉莉、于渤、 | | 及人员姓名 | | 武云泽、郑思恩 | | | | | | | | 时间 | 2022 年 7 月 12 日 | | | | 地点 | 腾讯线上会议 | | | | 上市公司接待人员 | 总经理、董事会秘 ...

证券代码：000690 证券简称：宝新能源 广东宝丽华新能源股份有限公司投资者关系活动记录表 编号：2022-002 | --- | --- | --- | --- | |-------------------------|-------------------------------------------------|---------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系 \n活动类别 | □业绩说明会 | √特定对象调研 □分析师会议 □媒体采访 | \n□新闻发布会 □路演活动 | | | □现场参观 | □其他 | | | 参与单位名称 及人员姓名 | 长江证券：张韦华 | 交银施罗德：黄鼎、孔祥瑞、杨金金、王丽婧； | | | 时间 | 2022 年 7 月 8 ...

Group 1: Company Overview and Strategy - The company focuses on the core business of energy and electricity, aiming to expand into financial investments and new energy services [1] - The development strategy includes building the Lufeng Jiahuwan clean energy base and enhancing the operational management of the Meixian Heshuyuan power plant [1] - The company plans to construct two 1,000 MW supercritical coal-fired power units at the Lufeng Jiahuwan power plant [2] Group 2: Financial Performance - In Q1 2022, the company achieved a revenue of CNY 2.215 billion, with a net profit attributable to shareholders of CNY 3.7502 million [2] - The estimated net profit for the first half of 2022 is projected to be between CNY 0 and 10 million, pending audit [2] - The company has faced increased fuel costs due to rising coal prices, impacting operating profits [2][3] Group 3: Coal Procurement and Cost Management - The company is actively negotiating long-term coal supply agreements to mitigate high coal prices [3] - Strategies include optimizing internal costs, enhancing energy efficiency, and flexible coal procurement based on market conditions [3] Group 4: Future Development Outlook - The company aims to strengthen its core business in renewable energy, aligning with national carbon neutrality goals [3] - It plans to leverage policy support and market advantages to develop new financial investments and energy-saving technologies [3]

编号：2022-013 证券代码：000690 证券简称：宝新能源 广东宝丽华新能源股份有限公司投资者关系活动记录表 | --- | --- | --- | --- | |-------------------------|--------------------------------------------|-------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Group 1: Company Development Strategy - The company focuses on strengthening its core energy and power business while exploring new strategic industries such as financial investment, smart energy, and energy-saving technologies [1] - The development plan includes the construction of the Lufeng Jiahuwan Clean Energy Base and the expansion of the Meixian Heshuyuan Power Plant [1] Group 2: Project Approval and Funding - The Lufeng Jiahuwan Power Plant Phase II project has been approved by the Guangdong Provincial Development and Reform Commission, involving the construction of two 1000MW ultra-supercritical clean coal-fired units [2] - Total investment for the project is 780,656,000 CNY, with 156,600,000 CNY from self-funding and the remaining 624,056,000 CNY financed through domestic loans [2] - The project is expected to be operational by the end of 2024 [2] Group 3: Wind Power Operations - The Lufeng Jiahuwan onshore wind farm, with a capacity of 48MW, has been operational since 2009, demonstrating stable management and operation [2] - The company’s investment in the Shantou Houhu offshore wind project, which began operations in 2021, achieved a net profit of approximately 251 million CNY in the first half of 2022, with a utilization rate of 94% [2] Group 4: Risk Management Against High Coal Prices - The company is actively negotiating long-term coal supply agreements to mitigate the impact of high coal prices on its power business [2] - Strategies include optimizing internal costs, enhancing energy efficiency, and flexibly adjusting coal procurement strategies based on production needs and market conditions [2]

Financial Performance - The company's operating revenue for Q3 2022 was CNY 3,182,946,830.89, representing a 30.56% increase year-over-year[3] - Net profit attributable to shareholders for the same period was CNY 181,145,094.53, a 13.94% increase compared to the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 204,883,994.78, showing a significant increase of 67.39% year-over-year[3] - Total operating revenue for the first nine months of 2022 was CNY 6,950,650,968.79, a slight increase from CNY 6,909,720,457.70 in the previous year[26] - Net profit for the first nine months of 2022 was CNY 190,216,881.37, compared to CNY 820,689,744.42 in the previous year, showing a decline in profitability[28] - The total comprehensive income for the period was CNY 189,324,702.95, significantly lower than CNY 823,633,839.26 from the previous year[28] Assets and Liabilities - The total assets at the end of the reporting period were CNY 19,672,556,967.47, a slight decrease of 0.03% from the end of the previous year[3] - The company's total liabilities amounted to CNY 8,419,406,158.01, slightly down from CNY 8,505,453,735.02[25] - Total equity attributable to shareholders was CNY 11,253,150,809.46, an increase from CNY 11,172,620,499.61[25] - The total liabilities and equity amounted to CNY 19,672,556,967.47, slightly down from CNY 19,678,074,234.63[25] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 1,025,460,064.08, down 35.11% year-over-year[3] - The net cash flow from operating activities for the current period is CNY 1,025,460,064.08, a decrease of 35% compared to CNY 1,580,186,072.98 in the previous period[30] - Cash inflow from operating activities totaled CNY 7,607,385,378.19, while cash outflow was CNY 6,581,925,314.11, resulting in a net cash flow from operating activities[30] - The cash flow from investment activities showed a net outflow of CNY 92,177,375.54, compared to a net inflow of CNY 34,621,484.97 in the previous period[33] - Cash inflow from financing activities was CNY 2,059,520,676.88, while cash outflow was CNY 2,198,451,934.09, leading to a net cash flow from financing activities of -CNY 138,931,257.21[33] - The total cash and cash equivalents at the end of the period amounted to CNY 5,404,411,604.90, an increase from CNY 4,196,929,434.25 at the end of the previous period[33] Expenses and Investments - The company reported a significant decrease in investment income, down 40.25% to CNY 117,312,772.55 compared to the previous year[7] - The company experienced a 62.23% reduction in sales expenses, totaling CNY 2,855,228.89 year-to-date[7] - The company reported a 79.75% decrease in cash paid for investments, totaling CNY 365,054,587.28 year-to-date[9] - Total operating costs for the same period were CNY 6,814,477,147.77, up from CNY 5,770,519,509.97, indicating a significant increase in costs[26] - Research and development expenses for the period were CNY 152,820,475.01, compared to CNY 364,433,780.12 in the previous year, indicating a reduction in R&D spending[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 90,991[13] - Guangdong Baoliwa Group Co., Ltd. holds 348,142,058 shares, accounting for 16.00% of total shares[13] - The company reported a basic and diluted earnings per share of CNY 0.0874, down from CNY 0.38 in the previous year[28] Operational Highlights - The company achieved a historical monthly power generation high during the peak summer period despite challenging operational conditions[16] - The company is actively engaging with national policies to secure long-term coal supply agreements[16] - The expansion project (2×1000MW) has received approval from the Guangdong Provincial Development and Reform Commission[16] - The company is focused on maximizing power generation potential to support local economic stability[16] Other Information - The company has secured a loan of ¥500 million from the China Export-Import Bank for the expansion project of the Lufeng Jiahuwan Power Plant[16] - The company did not report any net profit from the merged entity in the current or previous periods, both being CNY 0[30] - The company has not disclosed any new product or technology developments in the current report[31] - There is no mention of market expansion or mergers and acquisitions in the current financial report[31] - The company has not provided specific future outlook or performance guidance in the current report[31]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[21]. - The company's operating revenue for the reporting period was CNY 3.768 billion, a decrease of 15.75% compared to the same period last year[27]. - The net profit attributable to shareholders of the listed company was CNY 9.071 million, a significant decline of 98.63% year-on-year[27]. - The net cash flow from operating activities was negative CNY 240.299 million, a decrease of 117.92% compared to the previous year[27]. - The company reported a weighted average return on net assets of 0.08%, a decrease of 5.98 percentage points from the previous year[27]. - The company achieved a net profit of approximately 251 million yuan in the first half of the year, with a unit availability rate of 94%[41]. - The company reported a total investment of CNY 100,702,980.51 during the reporting period, a decrease of 100% compared to the same period last year[53]. - The company reported a significant decrease in management expenses by 69.30% to 96,135,825.84 yuan, as there were no employee stock ownership plans in the current period[43]. - The company reported a total cash and cash equivalents net decrease of CNY -1,001,483,249.80 for the first half of 2022, compared to a decrease of CNY -304,703,353.88 in the same period of 2021[155]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 18.503 billion, down 5.97% from the end of the previous year[27]. - The company's total assets included cash of 3,676,314,833.40 yuan, accounting for 19.87% of total assets, down from 24.29% at the end of the previous year[50]. - The total liabilities of the company decreased to RMB 7,382,400,942.40 from RMB 8,449,078,585.19, reflecting a decline of about 12.63%[137]. - The company's current assets totaled RMB 5,973,160,393.19, down from RMB 6,803,108,232.77, indicating a decrease of about 12.19%[135]. - The total amount of financial liabilities increased to CNY 4,284,455.55 due to fair value changes[52]. Operational Efficiency - The company reported a plant utilization rate of 85% for its power generation units, indicating efficient operational performance[21]. - The company achieved a coal consumption rate of 308.5 grams per kilowatt-hour for power generation in the first half of 2022, with zero wastewater discharge[76]. - The total sulfur dioxide emissions from Guangdong Baoli Power were 202.49 tons, well below the approved annual limit of 5880 tons, with no exceedance reported[77]. - The company maintained a desulfurization facility operation rate of over 99.97% and a denitrification facility operation rate of 100% at the Meixian Heshuyuan Power Plant[79]. Strategic Initiatives - The company plans to expand its clean energy base in Lufeng, which includes the construction of 8 ultra-supercritical coal-fired units, each with a capacity of 1 million kW[21]. - The company aims to increase its market share in the renewable energy sector through strategic partnerships and potential acquisitions[21]. - The company plans to enhance cost control and fuel management strategies to mitigate the impact of high coal prices on operations[68]. - The company is focused on improving its financial performance through strategic investments and operational efficiencies[178]. Risk Management - The company has identified significant risks that may adversely affect its future development strategies, which are detailed in the management discussion section[5]. - The company has established a risk management system for its futures hedging business to mitigate risks associated with price fluctuations and liquidity[56]. - The company emphasizes the importance of internal control mechanisms to prevent risks associated with its financial operations[56]. - The company has committed to maintaining compliance with relevant laws and regulations in its financial transactions and risk management practices[57]. Environmental Responsibility - The company is focused on increasing the proportion of clean and renewable energy, actively pursuing low-carbon and clean technology innovations[87]. - The company has established a comprehensive environmental impact assessment and obtained all necessary environmental protection permits for its projects[80][81]. - The company has implemented a continuous emissions monitoring system (CEMS) with a data transmission rate of 100% for real-time monitoring of emissions[79]. - The company is exploring advanced carbon capture and storage technologies as part of its commitment to carbon neutrality[87]. Corporate Governance - The company is committed to maintaining transparency and accuracy in its financial reporting, as confirmed by the independent audit from Dahua Accounting Firm[5]. - The audit opinion for the financial statements was a standard unqualified opinion, issued on August 5, 2022[117]. - The financial statements are prepared based on the accrual basis of accounting, reflecting the company's financial position and operating results accurately[185]. - The company has evaluated its ability to continue as a going concern for the next 12 months and found no significant doubts[183].

Financial Performance - The company's operating revenue for Q1 2022 was ¥2,215,923,314.93, representing a 10.50% increase compared to ¥2,005,416,323.52 in the same period last year[3] - Net profit attributable to shareholders decreased by 95.87% to ¥3,750,171.21 from ¥90,757,477.55 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥34,642,921.58, down 80.10% from ¥174,106,819.59 in the previous year[3] - Total operating revenue for Q1 2022 was CNY 2,215,923,314.93, an increase of 10.5% compared to CNY 2,005,416,323.52 in Q1 2021[27] - Total operating costs for Q1 2022 were CNY 2,185,027,398.81, up 24.5% from CNY 1,754,342,750.20 in the same period last year[27] - Net profit for Q1 2022 was CNY 3,750,171.21, a significant decrease of 95.9% compared to CNY 90,757,477.55 in Q1 2021[30] - Earnings per share for Q1 2022 were CNY 0.0017, down from CNY 0.04 in Q1 2021[30] - The company reported a gross profit margin of approximately 1.4% for Q1 2022, down from the previous year's margin[27] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥19,271,688,027.41, a decrease of 2.07% from ¥19,678,074,234.63 at the end of the previous year[3] - Current assets decreased from CNY 6,803,108,232.77 to CNY 6,534,119,090.24, primarily due to a reduction in cash and cash equivalents from CNY 4,779,327,668.37 to CNY 4,549,748,328.38[17] - Total liabilities increased from CNY 7,804,106,234.63 to CNY 7,533,119,090.24, with short-term borrowings rising from CNY 1,282,912,912.86 to CNY 1,326,475,513.42[20] - Total liabilities as of the reporting date were CNY 8,095,317,356.59, down from CNY 8,505,453,735.02 at the end of the previous period[23] - The total equity of the company as of March 31, 2022, was CNY 11,738,581,937.17, down from CNY 11,873,968,001.86 at the beginning of the year[20] - Total equity attributable to shareholders of the parent company was CNY 11,176,370,670.82, slightly up from CNY 11,172,620,499.61 in the previous period[23] Cash Flow - The cash flow from operating activities was ¥441,951,223.37, an increase of 5.66% compared to ¥418,292,477.67 in the same period last year[3] - Cash flow from operating activities for Q1 2022 was CNY 2,636,863,437.26, compared to CNY 2,153,493,976.03 in Q1 2021, reflecting an increase of 22.5%[30] - Operating cash inflow totaled $2,806,727,333.17, an increase from $2,181,507,050.59 in the previous period, reflecting a growth of approximately 28.5%[33] - Operating cash outflow amounted to $2,364,776,109.80, compared to $1,763,214,572.92, representing an increase of about 34.1%[33] - Net cash flow from operating activities was $441,951,223.37, slightly up from $418,292,477.67, indicating a growth of around 5.0%[33] Investment Activities - The company's investment cash outflow decreased by 89.26% to ¥165,000,000.00 from ¥1,536,473,000.98 in the previous year, indicating a reduction in investments[7] - Cash inflow from investment activities was $31,154,879.90, down significantly from $934,217,877.90, a decrease of approximately 96.7%[33] - Net cash flow from investment activities was -$165,344,176.17, improving from -$666,866,502.57, showing a reduction in losses by about 75.2%[33] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 107,880, with the largest shareholder holding 16.00% of the shares[10] - The company has a total of 348,142,058 shares held by Guangdong Baoliwa Group Co., Ltd., representing a significant portion of the equity[14] Future Plans - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and product offerings[18] - The company plans to focus on expanding its market presence and investing in new technologies to enhance future growth[28] Inventory and Receivables - The company's inventory increased by 40.33% to ¥490,140,171.63, primarily due to an increase in raw materials[5] - Accounts receivable decreased from CNY 1,228,280,650.88 to CNY 1,029,461,053.55, indicating improved collection efficiency[17] - Inventory increased from CNY 349,267,651.53 to CNY 490,140,171.63, reflecting a strategic buildup of stock[17] Financial Ratios - The company's basic and diluted earnings per share were both ¥0.0017, down 95.75% from ¥0.04 in the previous year[3] - The weighted average return on net assets decreased to 0.03%, down 0.8 percentage points from 0.83% in the same period last year[3] - The company’s financial expenses for Q1 2022 were CNY 43,025,243.11, a decrease from CNY 54,832,403.37 in Q1 2021[27] Liquidity Position - The company’s cash and cash equivalents represent approximately 23.3% of total assets, indicating a strong liquidity position[17] - The ending balance of cash and cash equivalents was $4,480,133,216.56, compared to $2,763,139,708.69 in the previous period, showing an increase of approximately 62.0%[36] - The impact of exchange rate changes on cash and cash equivalents was $58,585.17, up from $16,029.07, reflecting an increase of about 264.5%[36]