山东新能泰山发电股份有限公司 SHANDONG XINNENG TAISHAN POWER GENERATION CO., LTD. 2018 年半年度报告 二 0 一八年八月九日 山东新能泰山发电股份有限公司 2018 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 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。 公司负责人吴永钢、主管会计工作负责人张彤及会计机构负责人(会计主管 人员)刘太勇声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承诺，请 投资者注意投资风险。 公司已在本报告中详细描述可能存在的相关风险，敬请投资者关注本报告 的第四节"经营情况讨论与分析"中描述本公司可能面对的风险和应对措施的相 关内容。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 1 | 第一节 重要提示、目录和释义 1 | | --- | | 第二节 公司简介和主要财务指标 4 | | 第三节 公司业务概要 ...

山东新能泰山发电股份有限公司 SHANDONG XINNENG TAISHAN POWER GENERATION CO., LTD. 2017 年年度报告 二 0 一八年四月十八日 山东新能泰山发电股份有限公司 2017 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 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。 公司负责人吴永钢、主管会计工作负责人王拥军及会计机构负责人(会计主 管人员)刘太勇声明：保证年度报告中财务报告的真实、准确、完整。 除下列董事外，其他董事亲自出席了审议本次年报的董事会会议 | 未亲自出席董事姓名 | 未亲自出席董事职务 | 未亲自出席会议原因 | 被委托人姓名 | | --- | --- | --- | --- | | 李玉明 | 独立董事 | 因公有事 | 王凤荣 | 本报告涉及未来计划等前瞻性陈述部分，不构成公司对投资者的实质性承 诺，请投资者注意投资风险。 公司参照《深圳证券交易所行业信息披露指引第 3 号—上市公司从事房地 产业务》的披露要求披露。 公司计划不派发现金红利 ...

山东新能泰山发电股份有限公司 SHANDONG XINNENG TAISHAN POWER GENERATION CO., LTD. 2017 年第三季度报告正文 二 0 一七年十月三十日 山东新能泰山发电股份有限公司 2017 年第三季度报告正文 证券代码：000720 证券简称：新能泰山 公告编号：2017-082 山东新能泰山发电股份有限公司 2017 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人吴永钢、主管会计工作负责人王拥军及会计机构负责人(会计主 管人员)刘太勇声明：保证季度报告中财务报表的真实、准确、完整。 报告期内，中国证监会核准了公司发行股份购买资产并募集配套资金事项， 公司发行股份购买资产新增 426,190,962 股股份，发行后公司股份数量为 1,289,650,962 股。该部分股份已在中国证券登记结算有限责任公司深圳分公司 （以下简称："登记公司"）办理了股份登记申请手续，登记公司 ...

[Important Notice and Definitions](index=2&type=section&id=Item%201.%20Important%20Notice%20and%20Definitions) This chapter contains statements from the company's board of directors, supervisory board, and senior management guaranteeing the report's content, clarifies forward-looking statements, and defines key terms for understanding the report [Important Notice and Definitions](index=2&type=section&id=Important%20Notice%20and%20Definitions) This chapter contains statements from the company's board of directors, supervisory board, and senior management guaranteeing the report's content, clarifies forward-looking statements, and defines key terms for understanding the report - All directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of this semi-annual report, free from false records, misleading statements, or major omissions, and assume corresponding legal liabilities[5](index=5&type=chunk) - The report includes definitions of abbreviations for the company's main related parties and subsidiaries, such as "Huaneng Shandong" referring to "Huaneng Shandong Power Generation Co., Ltd."[12](index=12&type=chunk) [Company Profile and Key Financial Indicators](index=5&type=section&id=Item%202.%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section provides the company's basic information and key financial performance metrics, highlighting a significant net loss despite revenue growth [Company Basic Information](index=5&type=section&id=2.1%20Company%20Basic%20Information) This chapter provides the company's basic business registration information, including stock abbreviation "Xinneng Taishan", stock code "000720", legal representative Wu Yonggang, and contact details for the Board Secretary and Securities Affairs Representative Company Basic Information | Item | Information | | :--- | :--- | | Stock Abbreviation | Xinneng Taishan | | Stock Code | 000720 | | Listing Exchange | Shenzhen Stock Exchange | | Legal Representative | Wu Yonggang | [Key Financial Indicators and Non-recurring Gains/Losses](index=6&type=section&id=2.2%20Key%20Financial%20Indicators%20and%20Non-recurring%20Gains%2FLosses) In the first half of 2017, the company's operating performance severely declined, with a significant net loss and negative cash flow from operations, indicating deteriorating profitability 2017 H1 Key Financial Indicators | Indicator | Current Period | Prior Year Period | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 1,207,703,024.11 | 1,143,766,913.69 | 5.59% | | Net Profit Attributable to Shareholders (RMB) | -104,741,428.62 | -17,923,720.45 | -484.37% | | Net Cash Flow from Operating Activities (RMB) | -29,053,736.07 | 326,277,110.02 | -108.90% | | Basic Earnings Per Share (RMB/share) | -0.1213 | -0.0208 | -483.17% | | Weighted Average Return on Net Assets | -12.69% | -1.92% | -10.77% | | Total Assets (RMB) | 5,314,407,852.96 | 5,354,606,617.95 | -0.75% | - During the reporting period, the company's total non-recurring gains and losses amounted to **RMB 0.28 million**, primarily from government subsidies, with minor impact on the current period's loss[23](index=23&type=chunk)[24](index=24&type=chunk) [Company Business Overview](index=8&type=section&id=Item%203.%20Company%20Business%20Overview) The company's main business encompasses power, wire and cable, coal, and heating, facing intensified market competition despite its core operational advantages [Main Business](index=8&type=section&id=3.1%20Main%20Business) The company's main business covers four segments: power, wire and cable, coal, and heating, facing intensified market competition due to new unit commissioning and increased external power - The company's main business is the production and sale of power, wire and cable, coal, and heating[27](index=27&type=chunk) Company Main Business Capacity | Business Segment | Capacity/Installed Capacity | | :--- | :--- | | Total Installed Capacity | 1,038.25 MW | | - Thermal Power | 940 MW | | - Wind Power | 98.25 MW | | Coal Design Capacity | 300 thousand tons | | Annual Cable Output Value | approximately RMB 1.2 billion | | Annual Heating Production | approximately 3.5 million GJ | - Accelerated power market reform, including direct power purchase, increased the difficulty of power volume competition[28](index=28&type=chunk) [Significant Changes in Major Assets](index=8&type=section&id=3.2%20Significant%20Changes%20in%20Major%20Assets) During the reporting period, construction in progress significantly decreased due to project capitalization, while prepayments surged due to increased advance payments for materials - Construction in progress decreased by **98%** year-on-year, primarily due to the capitalization of Laiwu Thermal Power's modification project into fixed assets[29](index=29&type=chunk) - Prepayments increased by **1454.50%** year-on-year, primarily due to increased advance payments for materials by subsidiary Qufu Cable[29](index=29&type=chunk) [Core Competencies](index=9&type=section&id=3.3%20Core%20Competencies) The company's core competencies primarily lie in its two 330 MW high-efficiency generator units, centralized management advantages, and years of accumulated power plant management and operation experience - The company possesses two high-performance, technologically advanced **330 MW** generator units, with coal consumption and power generation efficiency indicators ranking among the best in their class[30](index=30&type=chunk) - Controlled power generation companies are geographically concentrated, with a small management radius, which helps improve management efficiency and save management expenses[30](index=30&type=chunk) [Management Discussion and Analysis](index=10&type=section&id=Item%204.%20Management%20Discussion%20and%20Analysis) This section analyzes the company's operating performance, highlighting the impact of rising coal prices on profitability and outlining strategies to mitigate risks [Operating Overview](index=10&type=section&id=4.1%20Operating%20Overview) In the first half of 2017, despite increased power generation, the company faced severe operational challenges due to persistently high domestic coal prices, resulting in a significant net loss - Power generation reached **2.131 billion kWh**, a year-on-year increase of **11.92%**[33](index=33&type=chunk) - On-grid power reached **1.930 billion kWh**, a year-on-year increase of **11.20%**[33](index=33&type=chunk) - Achieved operating revenue of **RMB 1,207.70 million**, with net profit attributable to owners of the parent company at **-RMB 104.74 million**[33](index=33&type=chunk) - The primary reason for the performance loss was tight domestic coal supply and demand, with high operating coal prices leading to a significant increase in fuel costs[33](index=33&type=chunk) [Main Business Analysis](index=10&type=section&id=4.2%20Main%20Business%20Analysis) Operating cost growth significantly outpaced revenue growth due to rising coal prices, severely squeezing gross margins for power and heating businesses, while the coal segment incurred substantial losses Key Financial Data Year-on-Year Changes | Item | Current Period (RMB) | Prior Year Period (RMB) | Year-on-Year Change | Main Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 1,207,703,024.11 | 1,143,766,913.69 | 5.59% | - | | Operating Cost | 1,174,207,454.26 | 984,426,961.67 | 19.28% | Rising coal prices | | Administrative Expenses | 36,553,520.76 | 48,052,289.86 | -23.93% | - | | Net Cash Flow from Operating Activities | -29,053,736.07 | 326,277,110.02 | -108.90% | Rising coal prices, significant reduction in profitability | Main Business Composition by Industry | Industry | Operating Revenue (RMB) | Gross Margin | Operating Revenue Year-on-Year Change | Gross Margin Year-on-Year Change | | :--- | :--- | :--- | :--- | :--- | | Power Business | 654,181,246.87 | 1.01% | 17.72% | -14.55% | | Cable Business | 381,099,358.61 | 7.58% | -9.52% | -0.49% | | Coal Business | 10,523,817.61 | -218.44% | -56.00% | -160.66% | | Heating Business | 101,566,660.27 | 1.31% | 37.04% | -39.11% | [Non-Core Business Analysis](index=11&type=section&id=4.3%20Non-Core%20Business%20Analysis) Non-core businesses had limited impact on overall profit, with an investment loss from an associate and minor, unsustainable non-operating income from government subsidies - Investment income was **-RMB 2.64 million**, primarily from losses accounted for by the equity method from associate Taifeng Steel[39](index=39&type=chunk) - Non-operating income was **RMB 1.92 million**, primarily from government subsidies[40](index=40&type=chunk) [Asset and Liability Status Analysis](index=12&type=section&id=4.4%20Asset%20and%20Liability%20Status%20Analysis) Total assets were RMB 5.31 billion, with construction in progress significantly decreasing due to capitalization, while short-term borrowings surged to repay related party loans, indicating financing structure adjustments - Construction in progress decreased by **98%** year-on-year, as Laiwu Thermal Power's modification project was transferred to fixed assets[42](index=42&type=chunk) - Short-term borrowings increased by **177.78%** year-on-year, primarily due to bank borrowings used to repay loans from Huaneng Taishan Power Co., Ltd.[42](index=42&type=chunk) [Analysis of Major Holding and Associate Companies](index=13&type=section&id=4.5%20Analysis%20of%20Major%20Holding%20and%20Associate%20Companies) Operating performance varied among major subsidiaries, with power and coal segments experiencing significant profit declines due to rising coal prices, while the wind power segment narrowed losses Operating Performance of Major Subsidiaries (Unit: RMB) | Company Name | Main Business | Operating Revenue | Operating Profit | Net Profit | | :--- | :--- | :--- | :--- | :--- | | Shandong Huaneng Liaocheng Thermal Power | Power | 254,346,834.83 | 15,749,324.43 | 13,273,581.01 | | Shandong Huaneng Laiwu Thermal Power | Power | 480,097,116.12 | -59,729,095.35 | -62,697,757.30 | | Luneng Taishan Qufu Cable | Cable | 426,076,289.50 | 6,667,251.42 | 5,455,275.07 | | Shandong Xinneng Taishan Xizhou Mining | Coal | 10,525,390.26 | -37,233,302.38 | -37,721,862.60 | | Shandong Huaneng Laizhou Wind Power | Power | 36,657,393.40 | -1,350,092.05 | -1,370,238.97 | - The profitability of power subsidiaries significantly decreased due to rising coal prices, which is one of the main reasons for the company's overall loss[49](index=49&type=chunk)[50](index=50&type=chunk) [Risks Faced by the Company and Countermeasures](index=14&type=section&id=4.6%20Risks%20Faced%20by%20the%20Company%20and%20Countermeasures) The company faces intensifying power market competition, high coal price volatility, and a tightening financing environment, addressed by strategic marketing, fuel cost control, and diversified financing - Power market risk: Intensifying competition, pressure to maintain volume and price. Countermeasures include actively participating in direct power transactions and strengthening equipment management to improve power generation efficiency[51](index=51&type=chunk) - Coal market risk: Persistently high coal prices, significant increase in fuel costs. Countermeasures include adhering to a "long-term contract + spot" procurement model and strengthening full-process fuel management[52](index=52&type=chunk) - Capital market risk: Tightening monetary policy, severe financing situation due to company losses and high debt ratio. Countermeasures include broadening financing channels and improving financing structure[52](index=52&type=chunk) [Significant Matters](index=16&type=section&id=Item%205.%20Significant%20Matters) This section details the company's shareholders' meetings, commitment fulfillment, significant related party transactions, major contracts and guarantees, and asset restructuring progress [Shareholders' Meetings and Profit Distribution](index=16&type=section&id=5.1%20Shareholders'%20Meetings%20and%20Profit%20Distribution) During the reporting period, the company held two shareholders' meetings and plans no profit distribution for the first half of 2017 - The company held an extraordinary general meeting on January 23, 2017, and an annual general meeting on May 24, 2017[55](index=55&type=chunk) - The company plans not to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the semi-annual period[56](index=56&type=chunk) [Fulfillment of Commitments](index=16&type=section&id=5.2%20Fulfillment%20of%20Commitments) All related party commitments, including a key pledge by Huaneng Shandong Power Generation Co., Ltd. to resolve horizontal competition by increasing investment in Huaneng Laiwu Power Generation Co., Ltd., are being fulfilled normally - Huaneng Shandong Power Generation Co., Ltd. committed to avoid horizontal competition by increasing Xinneng Taishan's investment proportion in Huaneng Laiwu Power Generation Co., Ltd. by the end of December 2017. This commitment is being fulfilled normally[57](index=57&type=chunk)[58](index=58&type=chunk)[59](index=59&type=chunk) - The largest shareholder, Huaneng Energy Transportation Industry Holding Co., Ltd., committed not to engage in businesses identical or similar to Xinneng Taishan, a long-term and normally fulfilled commitment[59](index=59&type=chunk)[60](index=60&type=chunk) [Significant Related Party Transactions](index=20&type=section&id=5.3%20Significant%20Related%20Party%20Transactions) The company engaged in extensive daily operating and financial related party transactions, including coal procurement from affiliates, and significant deposit, loan, and sale-and-leaseback activities with financial related parties Major Daily Operating Related Party Transactions (H1 2017) | Transacting Party | Transaction Content | Transaction Amount (RMB million) | Proportion of Similar Transactions | | :--- | :--- | :--- | :--- | | Huaneng Laiwu Power Generation Co., Ltd. | Coal Procurement | 446.47 | 75.32% | | Huaneng Liaocheng Thermal Power Co., Ltd. | Coal Procurement | 142.81 | 24.23% | | Liaocheng Changrun Guodian Thermal Power Co., Ltd. | Heating Sales | 10.39 | 10.23% | - Engaged in deposit and loan business with China Huaneng Finance Co., Ltd., with period-end deposit balance of **RMB 122 million** and loan balance of **RMB 900 million**[72](index=72&type=chunk) - Borrowed from related parties Huaneng Shandong Company and its affiliates, with a period-end balance of **RMB 13.81 million**[73](index=73&type=chunk) - Holding subsidiary Laizhou Wind Power engaged in sale-and-leaseback transactions with Huaneng Tiancheng Financial Leasing, with a lease amount of **RMB 300 million**[74](index=74&type=chunk) [Significant Contracts and Guarantees](index=26&type=section&id=5.4%20Significant%20Contracts%20and%20Guarantees) The company provided a significant guarantee of **RMB 50.08 million** for its holding subsidiary, Shandong Huaneng Laizhou Wind Power Co., Ltd., representing **6.48%** of its net assets, which also entered into a related party financing lease - The company provided a guarantee for its holding subsidiary Shandong Huaneng Laizhou Wind Power Co., Ltd., with an actual guarantee balance of **RMB 50.08 million** at the end of the reporting period[83](index=83&type=chunk) - The total actual guarantee amount represents **6.48%** of the company's net assets[83](index=83&type=chunk) [Major Asset Restructuring and Other Matters](index=28&type=section&id=5.5%20Major%20Asset%20Restructuring%20and%20Other%20Matters) The company's major asset restructuring received unconditional regulatory approval, it completed board and supervisory board re-elections, and its coal-fired power units received an on-grid tariff increase - The major asset restructuring matter received unconditional approval from the China Securities Regulatory Commission's M&A and Restructuring Committee, and an official approval document was received on July 27, 2017[86](index=86&type=chunk)[88](index=88&type=chunk)[89](index=89&type=chunk) - Completed the re-election of the eighth board of directors and supervisory board, and the appointment of senior management[88](index=88&type=chunk)[89](index=89&type=chunk) - According to the Shandong Provincial Price Bureau notice, the on-grid tariffs for the company's Laiwu Thermal Power and Liaocheng Thermal Power coal-fired generator units were increased by **RMB 0.022/kWh** and **RMB 0.0207/kWh**, respectively, effective July 1, 2017[91](index=91&type=chunk) [Share Changes and Shareholder Information](index=31&type=section&id=Item%206.%20Share%20Changes%20and%20Shareholder%20Information) This section details the company's share capital structure and shareholder composition, including the total number of shares and major shareholders [Share Change Status](index=31&type=section&id=6.1%20Share%20Change%20Status) As of the end of the reporting period, the company's total share capital was **863,460,000 shares**, with no changes during the period, and all shares were unrestricted RMB ordinary shares Share Structure | Share Type | Quantity | Proportion | | :--- | :--- | :--- | | Unrestricted Shares | 863,460,000 | 100.00% | | **Total Shares** | **863,460,000** | **100.00%** | [Shareholder Information](index=32&type=section&id=6.2%20Shareholder%20Information) As of the end of the reporting period, the company had **93,708** ordinary shareholders, with Huaneng Energy Transportation Industry Holding Co., Ltd. as the largest shareholder - The total number of ordinary shareholders at the end of the reporting period was **93,708**[98](index=98&type=chunk) Top Two Shareholders' Shareholding | Shareholder Name | Shareholder Nature | Shareholding Proportion | Number of Shares Held | | :--- | :--- | :--- | :--- | | Huaneng Energy Transportation Industry Holding Co., Ltd. | State-owned Legal Entity | 18.54% | 160,087,812 | | Zhang Xiudong | Domestic Natural Person | 1.15% | 9,921,001 | [Preferred Shares Information](index=34&type=section&id=Item%207.%20Preferred%20Shares%20Information) This section confirms that the company had no preferred shares during the reporting period [Preferred Shares Information](index=34&type=section&id=Preferred%20Shares%20Information) The company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period[103](index=103&type=chunk) [Directors, Supervisors, and Senior Management Information](index=35&type=section&id=Item%208.%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management%20Information) This section details changes in the company's directors, supervisors, and senior management, including their shareholdings and departures due to re-election [Changes in Directors, Supervisors, and Senior Management](index=35&type=section&id=Changes%20in%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) During the reporting period, there were no changes in the shareholdings of the company's directors, supervisors, and senior management, though some departed due to re-election - There were no changes in the shareholdings of the company's directors, supervisors, and senior management during the reporting period[105](index=105&type=chunk) - Due to re-election, Vice Chairman Guo Qixing and Independent Director Huang Jianling left their positions upon term expiration[106](index=106&type=chunk) [Corporate Bonds Information](index=36&type=section&id=Item%209.%20Corporate%20Bonds%20Information) This section confirms that the company had no unexpired or unredeemed publicly issued corporate bonds as of the report approval date [Corporate Bonds Information](index=36&type=section&id=Corporate%20Bonds%20Information) As of the approval date of this semi-annual report, the company had no publicly issued and listed corporate bonds on a stock exchange that were unexpired or had failed to be fully redeemed upon maturity - The company had no unexpired corporate bonds or bonds that failed to be fully redeemed upon maturity[109](index=109&type=chunk) [Financial Report](index=37&type=section&id=Item%2010.%20Financial%20Report) This section presents the company's unaudited financial statements for the first half of 2017, including balance sheet, income statement, cash flow statement, and detailed notes on accounting policies and key accounts [Financial Statements](index=37&type=section&id=10.1%20Financial%20Statements) This chapter provides the company's unaudited 2017 H1 consolidated and parent company financial statements, showing total assets of **RMB 5.31 billion**, total liabilities of **RMB 4.23 billion**, operating revenue of **RMB 1.21 billion**, and a net loss of **RMB 105 million** Key Items from Consolidated Balance Sheet (2017-06-30) | Item | Amount (RMB) | | :--- | :--- | | Total Assets | 5,314,407,852.96 | | Total Liabilities | 4,225,699,565.85 | | Total Equity Attributable to Parent Company Owners | 772,820,470.60 | Key Items from Consolidated Income Statement (H1 2017) | Item | Amount (RMB) | | :--- | :--- | | Total Operating Revenue | 1,207,703,024.11 | | Total Operating Cost | 1,313,153,925.47 | | Total Profit | -105,235,616.08 | | Net Profit Attributable to Parent Company Owners | -104,741,428.62 | Key Items from Consolidated Cash Flow Statement (H1 2017) | Item | Amount (RMB) | | :--- | :--- | | Net Cash Flow from Operating Activities | -29,053,736.07 | | Net Cash Flow from Investing Activities | -36,311,138.70 | | Net Cash Flow from Financing Activities | 78,430,466.09 | | Net Increase in Cash and Cash Equivalents | 13,065,591.32 | [Notes to Financial Statements](index=56&type=section&id=10.2%20Notes%20to%20Financial%20Statements) The notes detail the company's accounting policies, major taxes, and the specific composition and changes of each account, including major assets, liabilities, and extensive related party transactions [Significant Accounting Policies](index=56&type=section&id=10.2.1%20Significant%20Accounting%20Policies) The company's financial statements are prepared on a going concern basis, adhering to enterprise accounting standards, with detailed revenue recognition principles for various business segments and accounting treatments for key assets and liabilities - The company has established specific revenue recognition principles: wind and thermal power revenue is primarily recognized after on-grid power volume is verified; coal revenue is recognized after goods are weighed and dispatched or accepted by the customer; cable revenue is recognized after customer acceptance[185](index=185&type=chunk)[186](index=186&type=chunk) - Provision for doubtful accounts receivable is made using the aging analysis method: no provision for within 1 year, **20%** for 1-2 years, **50%** for 2-3 years, and **100%** for over 3 years[163](index=163&type=chunk) [Notes to Consolidated Financial Statement Items](index=66&type=section&id=10.2.2%20Notes%20to%20Consolidated%20Financial%20Statement%20Items) This section details key consolidated financial statement items, including accounts receivable, which were **RMB 558 million** with grid companies as major debtors, a significant increase in short-term borrowings to **RMB 1.4 billion**, and retained earnings further widening to **-RMB 534 million** - Period-end accounts receivable balance was **RMB 558 million**, with State Grid Shandong Electric Power Company being the largest debtor, with a balance of **RMB 233 million**, accounting for **39.82%** of the total[200](index=200&type=chunk)[204](index=204&type=chunk) - Period-end short-term borrowings were all credit borrowings, with a balance of **RMB 1.4 billion**, a significant increase from **RMB 504 million** at the beginning of the period[255](index=255&type=chunk) - Period-end retained earnings were **-RMB 534 million**, a further widening of losses compared to **-RMB 429 million** at the beginning of the period[299](index=299&type=chunk) [Related Parties and Related Party Transactions](index=100&type=section&id=10.2.3%20Related%20Parties%20and%20Related%20Party%20Transactions) The company, controlled by China Huaneng Group, engaged in numerous related party transactions, including significant coal purchases from affiliates and large deposit and loan activities with China Huaneng Finance Co., Ltd Major Related Party Purchases (H1 2017) | Related Party | Related Party Transaction Content | Amount Incurred This Period (RMB) | | :--- | :--- | :--- | | Huaneng Laiwu Power Generation Co., Ltd. | Coal | 446,472,735.90 | | Huaneng Liaocheng Thermal Power Co., Ltd. | Coal | 142,807,835.62 | - As of period-end, the company's deposit balance with China Huaneng Finance Co., Ltd. was **RMB 122 million**, and its loan balance was **RMB 900 million**[349](index=349&type=chunk) - Among period-end payables to related parties, the largest single amount was **RMB 43.58 million** payable to Huaneng Laiwu Power Generation Co., Ltd.[355](index=355&type=chunk) [Reference Documents Catalog](index=116&type=section&id=Item%2011.%20Reference%20Documents%20Catalog) This section lists the documents available for inspection, including the original report and financial statements with signatures, and original copies of all publicly disclosed documents [Reference Documents Catalog](index=116&type=section&id=Reference%20Documents%20Catalog) This chapter lists the reference documents available for inspection, including the original report and financial statements bearing the signatures of the legal representative and senior management, original copies of all disclosed documents and announcements during the reporting period, and the company's articles of association - Reference documents include the original semi-annual report bearing the chairman's signature, financial statements with signatures and seals of relevant responsible persons, and original copies of all publicly disclosed documents during the reporting period[396](index=396&type=chunk)

山东新能泰山发电股份有限公司 SHANDONG XINNENG TAISHAN POWER GENERATION CO., LTD. 2017 年第一季度报告正文 二 0 一七年四月二十七日 山东新能泰山发电股份有限公司 2017 年第一季度报告正文 证券代码：000720 证券简称：新能泰山 公告编号：2017-027 山东新能泰山发电股份有限公司 2017 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人吴永钢、主管会计工作负责人王拥军及会计机构负责人(会计主 管人员)刘太勇声明：保证季度报告中财务报表的真实、准确、完整。 1 山东新能泰山发电股份有限公司 2017 年第一季度报告正文 第二节 公司基本情况 □ 适用 √ 不适用 公司报告期不存在将根据《公开发行证券的公司信息披露解释性公告第 1 号——非经常性损益》定义、列 举的非经常性损益项目界定为经常性损益的项目的情形。 一、主要会计数据和财务指标 公司 ...

山东新能泰山发电股份有限公司 SHANDONG XINNENG TAISHAN POWER GENERATION CO., LTD. 2016 年年度报告 二 0 一七年三月二十三日 山东新能泰山发电股份有限公司 2016 年年度报告全文 第一节 重要提示、目录和释义 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的 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。 公司负责人吴永钢、主管会计工作负责人王拥军及会计机构负责人(会计主 管人员)刘太勇声明：保证年度报告中财务报告的真实、准确、完整。 除下列董事外，其他董事亲自出席了审议本次年报的董事会会议 | 未亲自出席董事姓名 | 未亲自出席董事职务 | 未亲自出席会议原因 | 被委托人姓名 | | --- | --- | --- | --- | | 郭启兴 | 董事 | 因出差 | 司增勤 | | 王凤荣 | 独立董事 | 因公出差 | 刘庆林 | 本报告涉及未来计划等前瞻性陈述部分，不构成公司对投资者的实质性承 诺，请投资者注意投资风险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 1 $$ ...

山东新能泰山发电股份有限公司 2016 年第三季度报告正文 证券代码：000720 证券简称：新能泰山 公告编号：2016-068 山东新能泰山发电股份有限公司 2016 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 山东新能泰山发电股份有限公司 SHANDONG XINNENG TAISHAN POWER GENERATION CO., LTD. 2016 年第三季度报告正文 二 0 一六年十月二十七日 公司负责人吴永钢、主管会计工作负责人王拥军及会计机构负责人(会计主 管人员)刘太勇声明：保证季度报告中财务报表的真实、准确、完整。 1 山东新能泰山发电股份有限公司 2016 年第三季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | -- ...

山东新能泰山发电股份有限公司 SHANDONG XINNENG TAISHAN POWER GENERATION CO., LTD. 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 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。 所有董事均已出席了审议本报告的董事会会议。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 公司负责人吴永钢、主管会计工作负责人王拥军及会计机构负责人(会计主 管人员)刘太勇声明：保证本半年度报告中财务报告的真实、准确、完整。 1 | | | | 第一节 | 重要提示、目录和释义 1 | | --- | --- | | 第二节 | 公司简介 4 | | 第三节 | 会计数据和财务指标摘要 6 | | 第四节 | 董事会报告 14 | | 第五节 | 重要事项 28 | | 第六节 | 股份变动及股东情况 28 | | 第七节 | 优先股相关情况 32 | | 第八节 | 董事、监事、高级管理人员情况 33 | | 第九节 | 财务报告 35 | | 第十节 | 备查文件目录 115 | 2 ...

山东新能泰山发电股份有限公司 SHANDONG XINNENG TAISHAN POWER GENERATION CO., LTD. 2016 年第一季度报告正文 二 0 一六年四月二十一日 山东新能泰山发电股份有限公司 2016 年第一季度报告正文 证券代码：000720 证券简称：新能泰山 公告编号：2016-020 山东新能泰山发电股份有限公司 2016 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人吴永钢、主管会计工作负责人王拥军及会计机构负责人(会计主 管人员)刘太勇声明：保证季度报告中财务报表的真实、准确、完整。 1 山东新能泰山发电股份有限公司 2016 年第一季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | ...

山东新能泰山发电股份有限公司 SHANDONG XINNENG TAISHAN POWER GENERATION CO., LTD. 2015 年年度报告 二 0 一六年四月二十一日 山东新能泰山发电股份有限公司 2015 年年度报告全文 第一节 重要提示、目录和释义 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的 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。 公司负责人吴永钢、主管会计工作负责人王拥军及会计机构负责人(会计主 管人员)刘太勇声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告涉及未来计划等前瞻性陈述部分，不构成公司对投资者的实质性承 诺，请投资者注意投资风险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 1 | 第一节 | 重要提示、目录和释义 1 | | --- | --- | | 第二节 | 公司简介和主要财务指标 4 | | 第三节 | 公司业务概要 9 | | 第四节 | 管理层讨论与分析 11 | | 第五节 | 重要事项 23 | | 第六节 | 股份变动及股东 ...