证券代码：000767 证券简称：晋控电力 公告编号：2021 临─045 晋能控股山西电力股份有限公司 关于参加"山西辖区上市公司 2021 年度 投资者网上集体接待日暨年报业绩说明会" 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。 为加强与广大投资者的沟通交流，晋能控股山西电力股 份有限公司（以下简称"公司"）定于 2021 年 6 月 22 日（星 期二）下午参加"山西辖区上市公司 2021 年度投资者网上 集体接待日暨年报业绩说明会"活动，现将有关事项公告如 下： 本次集体接待日活动将采取网络远程的方式举行，投资 者可以登录"全景•路演天下"（http://rs.p5w.net）参与 本次互动交流。 活动时间为 2021 年 6 月 22 日 15:00 至 16:30。 届时公司总经理史晓文先生，总会计师王晓华先生，总 经济师、董事会秘书赵文阳先生，证券事务代表郝少伟先生 将通过网络在线交流形式与投资者就公司治理、发展战略、 经营状况、融资计划、股权激励和可持续发展等投资者关注 的问题进行沟通。 欢迎广大投资者积极参与。 特此公告。 晋能 ...

Financial Performance - The company's operating revenue for 2020 was ¥11,687,528,652.08, a decrease of 2.81% compared to ¥12,025,002,573.32 in 2019[22] - The net profit attributable to shareholders of the listed company was ¥226,030,437.94, representing a significant increase of 231.75% from ¥68,131,964.33 in the previous year[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥168,218,222.00, a turnaround from a loss of ¥55,123,416.22 in 2019, marking a 405.17% improvement[22] - Basic earnings per share rose to ¥0.0735, a 232.58% increase compared to ¥0.0221 in the previous year[22] - The weighted average return on net assets was 2.93%, up from 0.90% in the previous year[22] - The gross profit margin improved to 35% in 2020, up from 30% in 2019, indicating better cost management[164] Cash Flow and Investments - The net cash flow from operating activities increased by 28.28% to ¥2,843,943,730.57, up from ¥2,216,905,412.48 in 2019[22] - Operating cash inflow increased by 8.80% from 11,294,888,414.49 yuan in 2019 to 12,288,928,969.97 yuan in 2020[66] - Investment cash inflow decreased significantly by 85.81% from 3,835,462,920.80 yuan in 2019 to 544,106,191.42 yuan in 2020[66] - The company reported a significant difference between net cash flow from operating activities and net profit, with a difference of 2,606,265,635.30 yuan[67] - Investment income accounted for 37.73% of total profit, primarily from long-term equity investments[68] Assets and Liabilities - Total assets at the end of 2020 were ¥56,853,939,284.09, an increase of 11.62% from ¥50,935,982,708.41 at the end of 2019[22] - The net assets attributable to shareholders of the listed company increased by 8.18% to ¥8,237,058,782.83 from ¥7,614,028,344.88 in 2019[22] - Accounts receivable increased to ¥4,981,780,920.53, accounting for 8.76% of total assets, up from 7.47% at the beginning of the year, primarily due to increased electricity receivables[69] - Long-term borrowings increased to ¥10,946,444,338.59, representing 19.25% of total assets, up from 18.18% at the beginning of the year, mainly due to long-term loans for new projects[71] Operational Performance - The company's total power generation reached 37.235 billion kWh in 2020, an increase of 2.88% year-on-year[33] - The total heat supply was 34.4797 million GJ, reflecting a growth of 7.63% compared to the previous year[33] - The average utilization hours of power plants increased to 4,339 hours, up from 4,200 hours year-on-year[41] - The company achieved a 64.48% gross margin in wind power generation, reflecting a 2.44% increase in gross margin year-on-year[49] Strategic Plans and Development - The company aims to enhance the proportion of renewable energy in its power generation mix, focusing on large-capacity and high-parameter power projects[35] - The company has a clear long-term development plan, with five projects included in the key project list for Shanxi Province in 2020[35] - The company plans to build a series of key projects that integrate wind, solar, coal, and storage energy during the 14th Five-Year Plan, leveraging the resource advantages of the Datong area[90] - The company is actively pursuing projects that align with national policies on circular economy and low calorific value coal power generation[100] Environmental Responsibility - The company has emphasized the importance of environmental responsibility and has established a long-term mechanism for dust control and management[142] - The company has implemented a series of environmental measures to enhance supervision and management, including regular inspections and upgrades to dust control facilities[142] - The company reported a total emission of 31.60 tons of particulate matter, 458.23 tons of sulfur dioxide, and 1,108.78 tons of nitrogen oxides, all within the regulatory limits[190] - The company has completed ultra-low emission retrofitting for all 10 active thermal power units, meeting the environmental standards set by Shanxi Province[198] Social Responsibility - The company has actively fulfilled its social responsibilities, including employee welfare and community support initiatives[182] - The company participated in poverty alleviation projects, providing 940.6 million RMB in funding and helping 3,467 registered impoverished individuals to escape poverty[185] - The company has implemented photovoltaic poverty alleviation projects, benefiting 1,600 households with an annual payment of 3,000 RMB per household for 20 years[184] Research and Development - The company applied for 7 patents and published 70 scientific papers in 2020, indicating a commitment to innovation[41] - The company has committed to technological innovation, with 18 key projects under research, including the development of an automated cleaning robot technology for power plants[91] - The company has invested 10,000 million in new technology research and development, focusing on sustainable energy solutions[163] Compliance and Governance - The company has maintained compliance with its commitments regarding related party transactions and will continue to do so in accordance with legal regulations[105] - The company has committed to continuous compliance with its promises to minority shareholders, with all commitments being fulfilled on time[127] - The company has ensured that there are no violations regarding the occupation of assets or funds by its controlling entities[109]

Financial Performance - The company's operating revenue for Q1 2021 was CNY 3,176,168,396.55, representing a 13.65% increase compared to CNY 2,794,794,164.21 in the same period last year[7]. - The net profit attributable to shareholders of the listed company was CNY 3,930,936.87, a decrease of 95.17% from CNY 81,370,228.29 in the previous year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,138,697.99, down 98.28% from CNY 66,164,093.51 year-on-year[7]. - The basic earnings per share were CNY 0.0013, down 95.08% from CNY 0.0264 in the previous year[7]. - The total operating revenue for the first quarter of 2021 was CNY 3,176,168,396.55, an increase of 13.7% compared to CNY 2,794,794,164.21 in the same period last year[38]. - The company reported a net profit of CNY 141,858,377.83, compared to CNY 137,927,440.96 in the previous period, indicating a growth of about 2.1%[35]. - Net profit for the quarter was CNY 3,575,000.50, a decrease from CNY 84,822,022.40 in the previous year, indicating a decline of approximately 95.8%[40]. - The total profit for the quarter was CNY 13,363,654.41, a decrease from CNY 103,537,931.02 in the previous year, indicating a decline of approximately 87.1%[40]. Cash Flow - The net cash flow from operating activities was CNY 318,690,794.82, a decrease of 19.96% compared to CNY 398,186,051.28 in the same period last year[7]. - Cash inflow from operating activities totaled 3,195,939,251.34 yuan, up from 2,494,907,681.13 yuan year-over-year, reflecting a growth of approximately 28.2%[47]. - Cash outflow from operating activities was 2,877,248,456.52 yuan, compared to 2,096,721,629.85 yuan in the previous period, representing an increase of about 37.3%[47]. - Cash flow from investing activities showed a net outflow of -524,973,460.23 yuan, compared to -854,933,470.62 yuan in the previous period, indicating a reduction in investment outflows[48]. - Cash flow from financing activities resulted in a net outflow of -226,222,510.76 yuan, contrasting with a net inflow of 774,332,700.94 yuan in the prior period[48]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 57,378,292,897.47, an increase of 0.92% from CNY 56,853,939,284.09 at the end of the previous year[7]. - The total liabilities increased to CNY 48,753,260,689.05 from CNY 48,232,416,253.51, reflecting a growth of approximately 1.08%[35]. - The total current liabilities amounted to CNY 27,190,647,536.02, down from CNY 28,168,460,311.84, showing a decrease of approximately 3.5%[35]. - Long-term payables decreased by 99.41% to CNY 48,116,383.22, due to the new leasing standards recognizing long-term lease liabilities[18]. - The company's total equity was reported at CNY 8,621,523,030.58, with a capital reserve of CNY 4,383,645,925.70[58]. - The company's long-term equity investments increased to CNY 2,885,586,359.03 from CNY 2,857,586,460.16 at the end of 2020[33]. Shareholder Information - The top shareholder, Jinneng Holding Coal Industry Group Co., Ltd., held 29.43% of the shares, totaling 905,653,810 shares[11]. - The total number of ordinary shareholders at the end of the reporting period was 155,016[11]. Operational Costs - Operating costs amounted to CNY 883,648,562.60, compared to CNY 746,856,124.69 in the same period last year, reflecting a significant increase[42]. - The company's total operating cost of CNY 3,198,794,142.30, compared to CNY 2,769,394,744.35 in the previous year, reflecting an increase of approximately 15.5%[40]. Investment Income - Investment income for the period was CNY 27,999,898.87, a decrease of 50.91% compared to the previous year, attributed to reduced net profits from associated companies[19]. - Investment income from joint ventures and associates was CNY 27,999,898.87, a decrease from CNY 57,039,800.00 in the previous year, representing a decline of approximately 50.8%[43]. Tax and Financial Expenses - The company's income tax expense for the period was CNY 9,788,653.91, a decrease of 47.7% compared to the previous year, reflecting lower profits[19]. - Financial expenses totaled CNY 434,593,722.17, compared to CNY 421,804,171.29 in the previous year, showing a slight increase[40]. Other Financial Metrics - The company's cash and cash equivalents slightly decreased to CNY 4,810,362,552.71 from CNY 4,818,596,487.74 at the end of 2020[31]. - The ending balance of cash and cash equivalents was 1,211,035,706.85 yuan, down from 2,094,250,917.54 yuan, reflecting a decrease of approximately 42.2%[48]. - The company has a negative retained earnings of CNY -876,658,315.40[63].

Financial Performance - Net profit attributable to shareholders was ¥59,987,493.47, representing a significant increase of 197.49% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses reached ¥52,206,906.80, up 612.07% year-on-year[7]. - Basic earnings per share were ¥0.0195, reflecting a growth of 195.45% compared to the previous year[7]. - The weighted average return on net assets was 0.77%, an increase of 1.52% compared to the previous year[7]. - Cash flow from operating activities was ¥150,974,533.38, an increase of 107.06% compared to the previous period[7]. - The company reported a total profit of CNY 304,938,331.04, compared to CNY 40,496,815.15 in the previous year, marking a significant improvement[55]. - Net profit for Q3 2020 was CNY 59,879,681.09, compared to a net profit of CNY 3,755,045.37 in Q3 2019, indicating a significant increase[49]. - Net profit for the current period is -¥142,348,261.39, an improvement from -¥224,114,856.19 in the previous period, indicating a reduction in losses[60]. Revenue and Costs - Operating revenue for the reporting period was ¥3,020,564,561.48, showing a slight increase of 0.13% compared to the same period last year[7]. - Total operating revenue for Q3 2020 was CNY 3,020,564,561.48, a slight increase from CNY 3,016,712,610.00 in Q3 2019, representing a growth of 0.1%[47]. - Total operating costs decreased to CNY 2,949,445,314.98 from CNY 3,081,485,351.57 in the previous year, reflecting a reduction of approximately 4.3%[48]. - Operating costs decreased to ¥2,103,336,009.93, down 9.48% from ¥2,324,929,254.88[58]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥54,406,878,427.79, a decrease of 6.81% compared to the end of the previous year[7]. - The total assets of the company reached CNY 28,728,513,619.83, up from CNY 26,969,340,058.68, indicating an increase of about 6.5%[45]. - Total liabilities rose to ¥45,838,269,892.95 from ¥42,947,291,778.44, marking an increase of about 6.7%[41]. - Current liabilities decreased to ¥22,467,120,256.59 from ¥24,960,465,223.58, a reduction of about 10%[41]. - Non-current liabilities increased to ¥23,371,149,636.36 from ¥17,986,826,554.86, showing a significant rise of approximately 30%[41]. - Long-term borrowings increased by 37.21% to RMB 12,704,504,468.18, reflecting an increase in long-term financing[20]. Shareholder Information - The total number of shareholders at the end of the reporting period was 120,695[12]. - The largest shareholder, Datong Coal Mine Group Co., Ltd., held 29.43% of the shares[12]. Cash Flow - Cash flow from tax refunds decreased by 80.28% to RMB 1,849,669.28, primarily due to a reduction in VAT refunds[24]. - Cash flow from financing activities generated a net cash inflow of ¥1,902,056,749.91, contrasting with a net outflow of -¥1,557,647,150.69 in the previous period[65]. - Cash flow from investing activities resulted in a net outflow of -¥2,669,320,266.94, compared to a net inflow of ¥339,930,221.98 in the previous period[62]. Investment and Income - Investment income for the period was RMB 93,518,426.60, an increase of 87.12% compared to the previous year, attributed to higher net profits from associated companies[23]. - The company reported non-recurring gains and losses totaling ¥37,401,010.33 for the reporting period[9]. - Other comprehensive income attributable to the parent company was CNY 175,423,410.20, compared to CNY 57,538,990.12 in the previous year[57]. Financial Challenges - The company reported a net loss of CNY 53,271,184.11 in retained earnings, reflecting ongoing financial challenges[75]. - The company incurred tax expenses of CNY 123,584,877.12, compared to CNY 12,186,961.15 in the previous year, reflecting increased profitability[55].

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 5,366,710,598.37, representing a decrease of 8.06% compared to the same period last year[19] - The net profit attributable to shareholders of the listed company was CNY 115,435,916.73, an increase of 208.86% year-on-year[19] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 85,815,493.07, up 564.13% from the previous year[19] - The company's basic and diluted earnings per share were both CNY 0.0375, reflecting a year-on-year increase of 209.92%[19] - The total operating revenue for the reporting period was approximately ¥5.37 billion, a decrease of 8.06% year-on-year due to lower electricity generation and average prices[38] - The company achieved a net increase in cash and cash equivalents of approximately ¥550.66 million, a 157.42% increase compared to the previous year[40] - The company reported a significant decrease in investment amounting to CNY 85,875,000.00, a decline of 94.34% compared to the previous year[52] - The company reported a total of CNY 1.15 billion in revenue from its subsidiary engaged in electricity supply services, with a net profit of CNY 273.14 million[64] - The company reported a total revenue increase of 6.09 million yuan from its investment activities[61] - The company reported a total profit for the first half of 2020 reached CNY 197,134,945.43, compared to CNY 30,738,829.62 in the same period last year, showing substantial growth[199] Assets and Liabilities - The total assets at the end of the reporting period were CNY 54,891,398,544.82, an increase of 7.77% compared to the end of the previous year[19] - The total assets at the end of the reporting period amounted to CNY 54,498,423,494, with cash and cash equivalents representing 10.02% of total assets[49] - The company's total liabilities reached RMB 46.78 billion, compared to RMB 42.95 billion at the end of 2019, which is an increase of about 8.6%[187] - Long-term borrowings increased significantly to RMB 12.21 billion from RMB 9.26 billion, representing a growth of approximately 31.5%[187] - The company's equity attributable to shareholders decreased to CNY 8,065,712,742.44 from CNY 8,120,126,157.58 at the end of 2019[193] Operational Highlights - The company completed a total power generation of 16.651 billion kWh in the first half of 2020[28] - The company's heating business is concentrated in Shanxi, primarily serving key industrial enterprises and local residents, contributing significantly to revenue[29] - The company's renewable energy installed capacity has rapidly expanded to nearly 2 million kilowatts, significantly supporting performance[33] - The company plans to continue expanding its renewable energy projects, with multiple wind and solar projects expected to come online soon[33] - The company is actively pursuing new technology development to enhance operational efficiency and reduce costs[112] Environmental Compliance - The company faced environmental penalties totaling CNY 100,000 for issues related to dust management and coal transportation[79] - The company has implemented corrective measures to address environmental compliance, including enhanced daily supervision and maintenance of dust control facilities[80] - The company completed ultra-low emission retrofitting for all 10 active thermal power units, meeting the design requirements for pollutant removal rates[134] - The company has established a comprehensive environmental monitoring plan, ensuring compliance with local environmental protection regulations[135] - The company is committed to developing clean energy projects and has implemented significant technological innovations in pollution control[134] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 122,526[151] - Datong Coal Mine Group Co., Ltd. holds 29.43% of the shares, amounting to 905,653,810 shares[151] - The company has no significant changes in the shareholding structure that would affect earnings per share or net assets per share[149] - The company has not disclosed any related party transactions or agreements among shareholders during the reporting period[153] Future Outlook - Future outlook indicates a commitment to increasing production capacity and exploring potential mergers and acquisitions to strengthen market position[112] - The company aims to achieve a targeted growth rate of 10% in revenue for the upcoming fiscal year, supported by its strategic initiatives and market expansion plans[113] - The company plans to continue its photovoltaic poverty alleviation projects in accordance with relevant policies and agreements[140]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 5,366,710,598.37, a decrease of 8.06% compared to the same period last year[19]. - The net profit attributable to shareholders was CNY 115,435,916.73, representing an increase of 208.86% year-on-year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 85,815,493.07, up 564.13% from the previous year[19]. - The company's operating revenue for the reporting period was ¥5,366,710,598.37, a decrease of 8.06% compared to ¥5,837,375,166.05 in the same period last year, primarily due to a reduction in electricity generation and average electricity prices[38]. - The company's net cash flow from operating activities decreased by 79.05% to ¥33,407,491.17, compared to ¥159,440,452.17 in the previous year, mainly due to increased cash payments for bills[38]. - The company's basic and diluted earnings per share were both CNY 0.0375, reflecting a year-on-year increase of 209.92%[19]. - The gross profit margin for the electricity segment was 23.59%, down by 3.74% year-on-year[44]. - The investment income for the period was CNY 67,056,603.40, accounting for 34.02% of total profit[46]. - The company reported a net profit of 4,491.47 million yuan for the first half of 2020, representing a decrease of 98.73% compared to the previous year[58]. - The company reported a significant increase in net profit attributable to the parent company, reaching approximately ¥115.44 million, compared to ¥37.37 million in the previous year[190]. Cash Flow and Financing - The net cash flow from operating activities was CNY 33,407,491.17, down 79.05% compared to the same period last year[19]. - The company’s cash flow from financing activities increased by 205.29% to ¥2,391,641,512.79, compared to a negative cash flow of ¥2,271,396,071.33 in the previous year, mainly due to increased bank loans and issuance of short-term financing bonds[40]. - The total cash inflow from financing activities increased to 10,916,282,662.84 CNY, up from 9,215,577,650.63 CNY in the previous year[195]. - The net cash flow from financing activities was 2,391,641,512.79 CNY, a significant recovery from -2,271,396,071.33 CNY in the same period last year[195]. - The cash inflow from financing activities totaled 7,895,563,200.00 CNY, up from 6,580,000,000.00 CNY year-over-year[198]. - The net cash flow from financing activities improved to 2,971,537,230.41 CNY, compared to a negative flow of -1,225,316,233.62 CNY in the same period last year[198]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 54,891,398,544.82, an increase of 7.77% from the end of the previous year[19]. - The company's fixed assets decreased by 1.75% compared to the beginning of the year, primarily due to depreciation[30]. - The company's intangible assets increased by 6.03% compared to the beginning of the year, mainly due to the increase in intangible assets from the Zhangze Power 2*1000MW project[30]. - The company's total current liabilities were RMB 13,706,257,313.33, up from RMB 11,238,550,964.81, which is an increase of approximately 21.9%[179]. - The company's long-term borrowings increased to CNY 12,214,713,543.10, representing 22.25% of total assets[49]. - The company's total liabilities increased to ¥46.78 billion, up from ¥42.95 billion, representing a growth of approximately 8.5% year-over-year[180]. Operational Highlights - The company completed a total power generation of 16.651 billion kWh in the first half of 2020[28]. - The company achieved a power generation of 16,651,000,000 kWh, with a coal consumption rate of 319.65 grams/kWh, a reduction of 0.99 grams/kWh year-on-year[37]. - The company's renewable energy installed capacity reached 1,930,600 kW, significantly contributing to its performance[33]. - The company reported a 342.24% increase in revenue from coal sales, amounting to ¥640,408,100.12, compared to ¥144,808,637.28 in the previous year[38]. - The company is focusing on developing renewable energy sources, including wind and solar power, to increase the proportion of renewable energy in its power generation[28]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 3,076,942,219 shares[150]. - Datong Coal Mine Group Co., Ltd. held 29.43% of the shares, amounting to 905,653,810 shares[150]. - The State-owned Assets Supervision and Administration Commission of Shanxi Province held 9.72% of the shares, totaling 299,130,000 shares[150]. - The company had no significant changes in shareholding structure during the reporting period[140]. - The company did not engage in any repurchase transactions during the reporting period[156]. Environmental Compliance - The company faced environmental penalties totaling CNY 100,000 for issues related to dust management and coal transportation[79]. - The company has implemented corrective measures to address environmental compliance, including enhanced daily supervision and maintenance of dust control facilities[80]. - The company has established a long-term mechanism for dust control and management to prevent future compliance issues[81]. - The company has actively engaged in poverty alleviation projects, with a total expenditure of 2.4 million yuan for 800 households in the poverty alleviation program during the reporting period[136]. - The company has developed emergency response plans for environmental incidents, ensuring preparedness for pollution exceedances[134]. Strategic Initiatives - The company is actively pursuing market expansion strategies, including potential mergers and acquisitions to enhance its asset portfolio[58]. - The company is focusing on new product development and technological advancements to improve operational efficiency and market competitiveness[58]. - The company has outlined plans for market expansion, particularly in the financing leasing sector, to capitalize on emerging opportunities in the energy market[115]. - Future performance guidance indicates a positive outlook, with expectations of continued revenue growth driven by strategic investments and operational improvements[113].

证券代码：000767 证券简称：漳泽电力 公告编号：2020 临─043 山西漳泽电力股份有限公司 关于参加"山西辖区上市公司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。 为加强与广大投资者的沟通交流，山西漳泽电力股份有 限公司（以下简称"公司"）定于 2020 年 6 月 17 日（星期 三）下午参加"山西辖区上市公司 2020 年度投资者网上集 体接待日"活动，现将有关事项公告如下： 本次集体接待日活动将采取网络远程的方式举行，投资 者可以登录"全景•路演天下"（http://rs.p5w.net）参与 本次互动交流。 活动时间为 2020 年 6 月 17 日 15:00 至 17:00。 届时公司副董事长、总经理师李军先生，总会计师曹志 刚先生，总经济师、董事会秘书赵文阳先生，证券事务代表 郝少伟先生将通过网络在线交流形式与投资者就公司治理、 发展战略、经营状况、融资计划、股权激励和可持续发展等 投资者关注的问题进行沟通。 欢迎广大投资者积极参与。 特此公告。 山西漳泽电力股份有限公司董事会 二○二○年 ...

Financial Performance - The company's operating revenue for 2019 was ¥12,025,002,573.32, representing a 7.08% increase compared to ¥11,230,044,071.67 in 2018[24] - The net profit attributable to shareholders for 2019 was ¥68,131,964.33, a decrease of 78.67% from ¥319,388,063.92 in 2018[24] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥55,123,416.22, showing a 91.50% improvement from -¥648,577,254.54 in 2018[24] - The basic earnings per share for 2019 were ¥0.0221, down 78.71% from ¥0.1038 in 2018[24] - The diluted earnings per share for 2019 were also ¥0.0221, reflecting the same decline of 78.71% from ¥0.1038 in 2018[24] - The weighted average return on equity for 2019 was 0.90%, a decrease of 3.42% from 4.32% in 2018[24] Cash Flow and Assets - The net cash flow from operating activities was ¥2,216,905,412.48, an increase of 9.84% from ¥2,018,353,229.28 in 2018[24] - The total assets at the end of 2019 were ¥50,935,982,708.41, a 1.09% increase from ¥50,388,527,840.85 at the end of 2018[24] - The net assets attributable to shareholders at the end of 2019 were ¥7,614,028,344.88, a slight increase of 0.90% from ¥7,545,896,380.55 at the end of 2018[24] - The company reported a significant difference between net cash flow from operating activities and net profit, with a discrepancy of CNY 2,200,625,070.45[81] - Total assets included cash and cash equivalents of CNY 4,177,047,512.65, accounting for 8.20% of total assets[86] Revenue Breakdown - The electricity segment contributed ¥9,914,979,354.10, accounting for 82.45% of total revenue, with a year-on-year growth of 15.37%[51] - Coal-fired power revenue decreased by 45.81% to ¥801,773,687.39, down from ¥1,479,597,672.77 in 2018[51] - The company sold 3,282,488.57 million kWh of electricity in 2019, a 12.12% increase from 2,927,640.23 million kWh in 2018[57] - The revenue from energy-saving technology services plummeted by 89.32% to ¥6,442,096.80, down from ¥60,332,209.79 in 2018[51] - The company reported a significant increase in revenue from other services, which rose by 176.12% to ¥214,839,600.70[54] Costs and Expenses - The total operating cost for 2019 was ¥8,061,023,224.22, reflecting a 1.44% increase from ¥7,946,364,493.00 in 2018[58] - The company’s fuel costs accounted for 46.18% of total operating costs, amounting to ¥4,612,741,740.29[58] - Sales expenses decreased by 43.57% to ¥1,188,430.09 compared to the previous year[67] - Management expenses increased by 7.34% to ¥178,056,588.60, primarily due to increased employee compensation[67] - Financial expenses rose by 6.84% to ¥1,710,003,779.06, mainly due to an increase in financing lease borrowings[67] Investments and Projects - The total investment amount for the reporting period was CNY 3,049,293,820.48, a staggering increase of 876.07% compared to the previous year[90] - The investment progress for the first phase of the Jiangxian Chen Village Wind Power Project (100MW) reached 97.75% with a cumulative investment of CNY 67.84 million[101] - The new Longxi Town 30MW photovoltaic project achieved an investment progress of 83.40% with a cumulative investment of CNY 20.18 million[101] - The He Feng 100MWp photovoltaic project reached 96.80% investment progress with a cumulative investment of CNY 72.21 million[101] - The Akto County 40MW grid-connected photovoltaic project achieved 92.36% investment progress with a cumulative investment of CNY 37.41 million[101] Subsidiaries and Market Position - The company expanded its consolidated scope, adding 2 subsidiaries and reducing 6, resulting in a total of 71 subsidiaries included in the consolidation[62] - The major subsidiaries contributing over 10% to the company's net profit include Hejin Water Supply Co., Shanxi Linfen Thermal Co., and Shanxi Zhangdian Datang Power Co.[130] - Total revenue for Shanxi Zhangze Electric Power Co., Ltd. reached approximately CNY 11.65 billion, with a net profit of CNY 297.25 million[137] Future Plans and Strategies - The company aims to achieve an electricity generation target of 35.2 billion kWh for the year 2020[141] - The company plans to enhance market marketing efforts to secure additional electricity generation capacity within the province[141] - The company plans to implement a pricing mechanism based on market trends to ensure transaction prices do not fall below the provincial average[141] - The company aims to increase the proportion of long-term coal supply to over 55% for the year, while reducing general materials and parts procurement costs by 10% year-on-year[142] - The company is targeting an upgrade of its credit rating from AA+ stable to AAA to enhance its financing capabilities and market image[143] Environmental and Compliance Commitments - The company is committed to environmental management, ensuring compliance with pollutant discharge standards and participating in national carbon emission trading[142] - The company has pledged to comply with laws regarding external guarantees and will not provide illegal guarantees or misuse funds[166] - The company has committed to maintaining independence from its controlling shareholder, ensuring no conflicts in personnel, finance, assets, and operations during the period of control[163] - The company has reported that it will avoid any competition with its controlling shareholder's core business and will adhere to relevant regulations during shareholder meetings[169] - The company faced environmental penalties for exceeding nitrogen oxide and sulfur dioxide emissions, with fines of 100,000 yuan each for three incidents[195]

Financial Performance - Operating revenue for Q1 2020 was ¥2,794,794,164.21, a decrease of 5.96% compared to ¥2,972,049,865.58 in the same period last year[7] - Net profit attributable to shareholders was ¥81,370,228.29, an increase of 733.91% from ¥9,757,704.34 year-on-year[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥66,164,093.51, a significant increase of 4,894.43% compared to -¥1,380,021.45 in the previous year[7] - Basic and diluted earnings per share were both ¥0.0264, representing a 725.00% increase from ¥0.0032 year-on-year[7] - The net profit for the first quarter was CNY 84,822,022.40, a significant increase from CNY 8,228,059.25 in the same period last year, reflecting a strong recovery[39] - The total comprehensive income for the quarter was CNY 84,822,022.40, compared to CNY 8,228,059.25 in the same period last year, indicating a strong overall performance[40] Cash Flow - Net cash flow from operating activities was ¥398,186,051.28, down 53.95% from ¥864,747,586.85 in the same period last year[7] - Total cash inflow from operating activities is ¥2,494,907,681.13, down 22.5% from ¥3,222,823,462.07 in the previous period[47] - Cash outflow from operating activities totals ¥2,096,721,629.85, a decrease of 11.1% from ¥2,358,075,875.22 in the previous period[47] - Cash flow from investing activities shows a net outflow of ¥854,933,470.62, compared to a net outflow of ¥1,595,850,201.67 in the previous period[48] - Cash inflow from financing activities is ¥4,784,531,965.40, an increase of 9.9% from ¥4,352,327,235.96 in the previous period[48] - The net cash flow from financing activities is ¥774,332,700.94, reversing from a net outflow of ¥705,127,941.78 in the previous period[48] Assets and Liabilities - Total assets at the end of the reporting period were ¥52,599,396,836.94, an increase of 3.27% from ¥50,935,982,708.41 at the end of the previous year[7] - Total liabilities increased to CNY 20,154,297,716.63 from CNY 18,849,213,901.10, reflecting a rise in both current and non-current liabilities[37] - The total amount of deferred income was CNY 190,778,960.15, which may impact future revenue recognition[55] - Total liabilities reached CNY 42,947,291,778.44, with current liabilities at CNY 24,960,465,223.58 and non-current liabilities at CNY 17,986,826,554.86[55] Shareholder Information - The company reported a total of 123,355 shareholders at the end of the reporting period[9] - The largest shareholder, Datong Coal Mine Group, held 29.43% of the shares, totaling 905,653,810 shares[9] - The total equity attributable to shareholders rose to CNY 7,695,398,573.17 from CNY 7,614,028,344.88, reflecting a positive trend in shareholder value[34] Operational Metrics - Accounts receivable as of March 31, 2020, decreased by 74.20% to ¥58,013,642.40 due to maturity[17] - Prepayments increased by 237.06% to ¥181,206,285.69, primarily due to increased advance payments for fuel and materials[17] - The company reported a decrease in inventory to CNY 137,415,614.57 from CNY 143,580,814.27, suggesting improved inventory management[35] - The company has ongoing construction projects valued at CNY 7,306,984,573.73, indicating future growth potential[52] Tax and Expenses - Income tax expenses rose by 2260.31% to ¥18,715,908.62, driven by increased profitability[18] - The company's tax expenses were CNY 18,715,908.62, compared to CNY 792,943.66 in the previous year, reflecting the improved profitability[39] - The financial expenses for the quarter were CNY 421,804,171.29, down from CNY 447,070,357.82, with interest expenses decreasing from CNY 437,036,647.96 to CNY 401,995,955.96[39] Future Outlook - The company aims to continue expanding its market presence and enhancing its investment strategies to sustain growth in the upcoming quarters[39]

Financial Performance - Operating revenue for the reporting period was ¥3,016,712,610.00, representing a year-on-year increase of 7.14%[9] - Net profit attributable to shareholders was ¥20,164,217.92, a significant increase of 112.62% compared to the same period last year[9] - Basic earnings per share for the reporting period was ¥0.0066, up 112.72% from the previous year[9] - The company's net loss narrowed to ¥-53,421,588.33 from ¥-110,960,578.45, an improvement of about 52.1%[53] - The net profit attributable to the parent company was ¥57,538,990.12, compared to ¥190,178,010.96 in the previous period, indicating a decrease of 69.7%[104] - The total profit for the current period was ¥40,496,815.15, contrasting with a total loss of ¥60,828,636.44 in the previous period[102] - The company reported a significant reduction in other receivables from ¥4,377,886,418.60 to ¥868,217,950.06, a decrease of approximately 80.2%[47] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥48,475,041,722.91, a decrease of 3.80% compared to the end of the previous year[9] - Total liabilities increased by 46.33% to ¥8,683,823,819.07 mainly due to an increase in financing lease liabilities[25] - Total current assets decreased to ¥10,340,180,566.82 from ¥13,937,267,903.80, a decline of approximately 25.5% year-over-year[47] - Total liabilities decreased to ¥40,429,529,198.36 from ¥42,325,019,069.70, a decline of about 4.5%[50] - Current liabilities decreased to ¥21,011,649,958.50 from ¥24,711,188,525.20, a decrease of approximately 15.5%[50] - The total equity attributable to shareholders increased to ¥7,603,435,370.67 from ¥7,545,896,380.55, a slight increase of approximately 0.8%[53] Cash Flow - The company reported a net cash flow from operating activities of ¥232,353,246.08, a decrease of 89.97% year-on-year[9] - Cash received from investment recovery increased significantly to ¥3,379,612,022.77, marking a substantial recovery from previous periods[31] - Cash paid for purchasing goods and services increased by 33.86% to ¥6,144,807,474.02 due to higher fuel costs[31] - Cash inflow from sales of goods and services was ¥2,116,438,665.97, compared to ¥1,896,909,606.02 in the previous period[130] - Cash outflow for purchasing goods and services rose to ¥2,582,083,629.30 from ¥1,066,894,965.57[130] Shareholder Information - The total number of shareholders at the end of the reporting period was 128,394, with the top ten shareholders holding a combined 59.92% of shares[13] - The largest shareholder, Datong Coal Mine Group, held 29.43% of the shares, amounting to 905,653,810 shares[13] Operational Efficiency - Operating expenses decreased by 40.40% to ¥909,076.03 due to reduced sales department expenses[26] - Other income increased by 57.82% to ¥22,625,698.20 primarily from increased government subsidies[26] - Total operating costs decreased to ¥3,081,485,351.57, down 1.0% from ¥3,111,838,691.84 in the previous period[64] Investment Activities - Long-term equity investments increased by 81.27% to ¥2,620,878,434.98 due to investments in China Resources Power (Tangshan Caofeidian) Co., Ltd.[24] - Investment income for the current period was ¥113,517,156.17, up from ¥64,797,902.73 in the previous period, representing a growth of 75.2%[117] Financial Ratios - The weighted average return on net assets was 0.27%, down 2.51% compared to the previous year[9] - The total liabilities to total assets ratio stands at approximately 83.9%, indicating a high leverage level[144]