山西漳泽电力股份有限公司 2016 年年度报告全文 山西漳泽电力股份有限公司 2016 年年度报告 2017 年 04 月 1 山西漳泽电力股份有限公司 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。 公司负责人文生元、主管会计工作负责人刘畅及会计机构负责人(会计主管 人员)任贵明声明：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。 公司已在本报告中详细描述可能存在的相关风险，敬请投资者查阅本报告 《第四节经营情况讨论与分析》中关于公司未来发展的展望中可能面对的主要 风险因素分析及对策措施等相关内容。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 目录 | | --- | | 第一节 | 重要提示、目录和释义 5 | | --- | --- | | 第二节 | 公司简介和主要财务指标 9 | | 第三节 | 公司业务概要 9 | | 第四节 | 经营情况讨论与分析 11 | | 第五节 | 重 ...

Financial Performance - Total assets at the end of the reporting period reached ¥33,096,037,152.64, an increase of 6.90% compared to the previous year[8]. - Net profit attributable to shareholders was ¥174,376,306.52, representing a growth of 34.59% year-on-year[8]. - Operating revenue for the period was ¥2,339,726,835.35, a decrease of 30.77% compared to the same period last year[8]. - The net cash flow from operating activities for the year-to-date was ¥1,465,004,339.34, down 47.55% year-on-year[8]. - Basic earnings per share increased to ¥0.08, up 33.33% from the previous year[8]. - The weighted average return on equity was 3.14%, an increase of 0.38 percentage points from the previous year[8]. - Investment income for the year-to-date was ¥48,098,191.74, an increase of 536.13% compared to the previous year, due to increased net profits from joint ventures[18]. - Cash received from tax refunds for the year-to-date was ¥10,480,384.97, an increase of 118.30% compared to the previous year, primarily due to increased VAT refunds received by Datang Thermal Power Company[19]. Shareholder and Equity Information - The number of ordinary shareholders at the end of the reporting period was 203,769[11]. - Long-term equity investments rose to ¥2,336,103,050.93, an increase of 201.86% compared to the beginning of the year[15]. - The balance of unallocated profits was ¥1,263,419,725.45, an increase of 74.04% compared to the beginning of the year, attributed to an increase in net operating profit for the period[17]. - The balance of dividends payable as of September 30, 2015, was ¥172,213,953.01, an increase of 56.88% compared to the beginning of the year, mainly due to increased dividends payable to minority shareholders[16]. Cash Flow and Investments - Cash paid for investments for the year-to-date was ¥1,459,380,000.00, an increase of 1724.23% compared to the previous year, mainly due to increased investments in Datong Coal Mine Group and other companies[20]. - Other cash payments related to financing activities for the year-to-date were ¥112,087,039.43, a decrease of 40.41% compared to the previous year, primarily due to reduced financing lease fees and deposits[20]. - As of September 30, 2015, the balance of bonds payable was ¥1,600,000,000.00, an increase of 60.00% from the beginning of the year, primarily due to the issuance of new bonds during the period[16]. - As of September 30, 2015, long-term payables amounted to ¥4,533,097,282.00, an increase of 57.00% compared to the beginning of the year, mainly due to new financing lease activities[16]. Operational Commitments and Compliance - The company plans to site all new power plants in areas with coal resources, ensuring simultaneous planning and construction of power plants and coal mines[23]. - The company has committed to maintaining independence and compliance in operations, with specific measures to avoid conflicts of interest with its controlling shareholder, the Coal Group[25]. - The Coal Group will not provide guarantees for the assets of the company or occupy its funds, ensuring compliance with relevant regulations[25]. - The company anticipates the injection of the "Datar Power Phase II" expansion project within 24 months after obtaining the necessary approvals[25]. - The company will also integrate the 49.5MW wind power project into its operations within 24 months of receiving the required approvals[25]. - The company has established commitments to avoid competition with the Coal Group in its core power production and sales business[25]. - The company will ensure fair pricing and compliance in any necessary related party transactions[23]. - The Coal Group has pledged to compensate the company for any losses incurred due to violations of these commitments[25]. - The company is focused on maintaining operational independence and adhering to regulatory requirements regarding related party transactions[23]. Asset Restructuring and Transition - During the major asset restructuring, the company committed that after the transaction completion, it would not enjoy the profits of Zhangze Power during the transition period[27]. - The net asset increase of Zhangze Power during the transition period will be audited, and if it exceeds the net asset increase of the target assets, the company will compensate the difference in cash[27]. - The company has committed to handle land ownership certificate issues for the target companies, ensuring no losses to normal operations due to unacquired land rights[28]. - The company has pledged to assist in obtaining approvals for the temporary suspension of the first phase of the Datang Thermal Power project, ensuring no losses due to impairment provisions[29]. Securities and Investments - The company reported that it does not hold any securities investments during the reporting period[31]. - There are no violations regarding external guarantees during the reporting period[35]. - The company has not engaged in any derivative investments during the reporting period[33]. - The company has not held any equity in other listed companies during the reporting period[32]. Investor Relations - The company has conducted multiple communications with investors to discuss its operational status and development plans[34].

2016 年 10 月 1 山西漳泽电力股份有限公司 2015 年半年度报告全文 第一节 重要提示、目录和释义 山西漳泽电力股份有限公司 2015 年半年度报告全文 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。 山西漳泽电力股份有限公司 2015 年半年度报告（修订版） 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。 公司负责人文生元、主管会计工作负责人赵文阳及会计机构负责人(会计主 管人员)任贵明声明：保证本半年度报告中财务报告的真实、准确、完整。 半年度报告涉及公司未来发展的展望、经营计划等前瞻性陈述，不构成对 投资者的实质承诺，请投资者注意投资风险。 2 | 目录 | | --- | | 2015 | 半年度报告 2 | | --- | --- | | 第一节 | 重要提示、目录和释义 5 | | 第二节 | 公司简介 7 | | 第三节 | 会计数据和财务指标摘要 9 | | 第四节 | 董事会报告 16 | | 第五节 | 重要事项 32 | ...

Financial Performance - Total assets at the end of the reporting period reached ¥40.53 billion, an increase of 22.10% compared to the previous year[6]. - Operating revenue for the reporting period was ¥2.30 billion, a decrease of 2.57% year-on-year, and cumulative revenue for the year was ¥5.75 billion, down 17.03%[6]. - Net profit attributable to shareholders was ¥117.16 million, a decline of 33.51%, with a cumulative net profit of only ¥330,698.81, down 99.94%[6]. - The basic earnings per share for the reporting period was ¥0.0520, reflecting a decrease of 33.50%[6]. - The weighted average return on net assets was 2.02%, down 1.15% from the previous year[6]. Cash Flow and Investments - The company reported a net cash flow from operating activities of ¥1.95 billion, an increase of 33.35% year-to-date[6]. - Cash received from operating activities increased by 1,097.54% to ¥1,558,564,821.64, mainly due to increased cash inflows from leasing replacement business[18]. - Cash paid for the acquisition of fixed assets increased by 141.23% to ¥4,205,727,775.41, reflecting higher expenditures on ongoing projects[20]. - Investment income for the period increased by 289.37% to ¥148,570,402.46, driven by higher profits from associated enterprises[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 167,387[11]. - The largest shareholder, Datong Coal Mine Group, holds 30.17% of the shares, totaling 680,012,800 shares[11]. Borrowings and Liabilities - As of September 30, 2016, cash and cash equivalents increased by 77.62% to ¥4,070,601,837.19 compared to the beginning of the year, primarily due to increased bank borrowings[15]. - Short-term borrowings increased by 30.62% to ¥5,573,200,000.00, attributed to higher bank loans[16]. - Long-term borrowings increased by 46.05% to ¥10,821,207,507.53, also due to increased bank loans[16]. - Other payables increased by 39.90% to ¥1,641,410,589.15, mainly due to increased warranty and receivable amounts[16]. - Other current liabilities rose by 50.00% to ¥3,000,000,000.00, attributed to an increase in short-term payables[16]. Government Support - The company received government subsidies amounting to ¥25.73 million during the reporting period[8]. Compliance and Commitments - There were no significant changes in the accounting policies or errors that required restatement of previous financial data[6]. - The company will ensure independence and compliance in operations, with commitments to avoid conflicts of interest during major asset restructuring[27]. - The company will strictly adhere to regulations regarding related party transactions and external guarantees, ensuring no violations occur[27]. - The company has committed to maintaining independence in personnel, finance, assets, and operations while being a controlling shareholder[27]. - The company will ensure that all related transactions are conducted at market prices and in compliance with legal requirements[27]. - The company has undertaken to bear all economic losses caused by violations of commitments related to related party transactions[27]. - The company will not provide guarantees for the controlling company or its affiliates, ensuring compliance with relevant regulations[27]. - The company will continue to fulfill its commitments regarding the independence and operation of Zhangze Power[27]. Project Developments - The company plans to establish a project company to continue the construction and approval of the Datang Phase II project[25]. - The company will select an appropriate time and method to inject the Datang Phase II project into Zhangze Power within 24 months after obtaining approval documents[25]. - The company has committed to transferring the 49.5MW wind power project at the Shanyin Zhinvquan Wind Farm to Zhangze Power within 14 months after obtaining the required approvals[29]. - The company has guaranteed that the assets of Wangping Power, Tashan Power, and Datang Thermal Power will not face ownership disputes, and it will assume responsibility for any losses caused by the lack of ownership certificates[33]. Future Expectations - The company has indicated that it does not expect significant changes in net profit for the year compared to the previous year[34]. - The company reported no involvement in securities or derivative investments during the reporting period[35][38]. - The company has conducted multiple communications and site visits with institutions to discuss its overall business situation and development plans[36]. - The company has no record of any non-compliance in external guarantees during the reporting period[37]. - There are no non-operating fund occupations by controlling shareholders or related parties reported during the period[38].

山西漳泽电力股份有限公司 2016 年半年度报告 2016 年 08 月 山西漳泽电力股份有限公司 2016 年半年度报告全文 除下列董事外，其他董事亲自出席了审议本次半年报的董事会会议 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 夏贵所 董事 因公出差 王志军 胡俞越 独立董事 因公出差 吕益民 | 目录 | | --- | | 2016 | 半年度报告 2 | | --- | --- | | 第一节 | 重要提示、目录和释义 5 | | 第二节 | 公司简介 7 | | 第三节 | 会计数据和财务指标摘要 9 | | 第四节 | 董事会报告 16 | | 第五节 | 重要事项 30 | | 第六节 | 股份变动及股东情况 34 | | 第七节 | 优先股相关情况 34 | | 第八节 | 董事、监事、高级管理人员情况 35 | | 第九节 | 财务报告 36 | | 第十节 | 备查文件目录 139 | 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。 公司计划不派发现金红 ...

Financial Performance - The company's operating revenue for the first quarter was ¥1,408,950,753.72, a decrease of 31.43% compared to the same period last year[6]. - The net profit attributable to shareholders was -¥190,600,951.66, representing a decline of 316.26% year-on-year[6]. - The net cash flow from operating activities was -¥389,184,620.03, down 239.78% from the previous year[6]. - The basic earnings per share were -¥0.0846, a decrease of 316.37% compared to the same period last year[6]. - Cash received from sales decreased by 35.93% to ¥1,437,979,995.27, primarily due to lower sales revenue[17]. - Investment income increased by 51.27% to ¥38,846,000.00 due to higher profits from joint ventures[16]. - Other income increased by 252.62% to ¥9,902,183.17, primarily from confirmed rewards from the power grid company[16]. - Tax expenses rose by 91.10% to ¥12,970,963.73 due to increased tax recognition by a subsidiary[16]. - Cash used for debt repayment increased by 36.34% to ¥3,600,745,668.43, reflecting higher loan repayments during the period[17]. Assets and Liabilities - Total assets at the end of the reporting period were ¥33,429,693,691.18, an increase of 0.70% from the end of the previous year[6]. - The net assets attributable to shareholders decreased by 3.30% to ¥5,593,321,524.66 compared to the end of the previous year[6]. - Cash and cash equivalents decreased by 46.09% to ¥1,235,593,552.77 due to loan repayments[15]. - Other current liabilities decreased by 50.00% to ¥1,000,000,000.00 as a result of short-term financing bond repayments[16]. - Long-term prepaid expenses increased by 56.05% to ¥234,851,040.40 due to higher financing lease fees[15]. - Cash paid for the purchase of fixed assets increased by 152.65% to ¥1,333,868,895.97, mainly due to increased project expenditures[17]. Shareholder Information - The company had a total of 174,800 common shareholders at the end of the reporting period[11]. - The largest shareholder, Datong Coal Mine Group, held 30.17% of the shares, totaling 680,012,800 shares[11]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[12]. - The company reported that the commitment regarding the restriction on the sale of 680,012,800 shares by the controlling shareholder has been fulfilled within the stipulated 36 months[24]. Regulatory and Compliance - There were no significant changes in accounting policies or corrections of accounting errors affecting previous years' data[6]. - The company is committed to complying with regulations regarding external guarantees and will not provide any illegal guarantees to related parties[20]. - The company has not reported any violations regarding external guarantees during the reporting period[28]. - The company has not engaged in any securities or derivative investments during the reporting period[26]. - There are no instances of non-operating fund occupation by the controlling shareholder or its affiliates during the reporting period[29]. Strategic Commitments and Future Plans - The company is focused on ensuring that its operations are not adversely affected by the ongoing asset restructuring[20]. - The company is actively managing its land and asset rights to support its operational stability and future growth[20]. - The company has committed to inject various power generation projects into Zhangze Electric Power within two years after they are completed and have all necessary approvals, including a 100MW distributed photovoltaic project and a 20MW photovoltaic project[24]. - The coal group has committed to assist in obtaining approvals for the temporary shutdown of the Da Tang Power Plant's first phase to mitigate potential losses[20]. - The coal group guarantees that the properties related to Wangping Power Plant and Ta Shan Power Plant are free from ownership disputes[20]. - The company has made commitments to avoid competition with its main business in power generation and sales following the major asset restructuring[24]. - The company is actively pursuing national policies that encourage circular economy and low calorific value coal power generation[24]. - The company has fulfilled its commitments regarding the injection of assets and projects as part of its restructuring strategy[24].

山西漳泽电力股份有限公司 2015 年年度报告全文 山西漳泽电力股份有限公司 2015 年年度报告 2016 年 04 月 1 山西漳泽电力股份有限公司 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。 公司负责人文生元、主管会计工作负责人刘畅及会计机构负责人(会计主管 人员)任贵明声明：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 | | --- | --- | --- | --- | | 王团维 | 董事 | 因公出差 | 胡耀飞 | | 秦联晋 | 独立董事 | 因公出差 | 施光耀 | 本年度报告涉及公司未来发展的展望、经营计划等前瞻性陈述，不构成对 投资者的实质承诺，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。 2 | 目录 | | --- | | 第一节 | 重要 ...

Financial Performance - Total assets at the end of the reporting period reached ¥33,150,339,398.64, an increase of 7.07% compared to the end of the previous year[5] - Net assets attributable to shareholders of the listed company amounted to ¥5,976,351,395.76, reflecting a growth of 15.22% year-on-year[5] - Operating revenue for the reporting period was ¥2,339,726,835.35, down 30.77% compared to the same period last year[5] - Net profit attributable to shareholders of the listed company was ¥174,376,306.52, an increase of 34.59% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥138,566,721.97, up 3.90% year-on-year[5] - Basic earnings per share for the reporting period was ¥0.08, representing a 33.33% increase compared to the same period last year[5] - The weighted average return on equity was 3.18%, an increase of 15.22% year-on-year[5] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 203,769[9] - The largest shareholder, Datong Coal Mine Group Co., Ltd., held 30.17% of the shares, totaling 680,012,800 shares[9] Asset and Investment Changes - Accounts receivable increased by 195.41% to CNY 254,263,221.67 due to an increase in electricity bill receivables[13] - Prepayments rose by 33.85% to CNY 311,254,644.76 primarily due to increased procurement payments[13] - Long-term equity investments increased by 208.88% to CNY 2,390,405,296.93, driven by investments in various coal mining companies totaling CNY 1,568,410,568.67[13] - Construction in progress increased by 83.68% to CNY 4,715,669,876.37, mainly due to expenditures on the thermal power project in Yongji[14] - Investment income increased by 536.13% to CNY 48,098,191.74, attributed to higher net profits from joint ventures[16] - Cash received from tax refunds increased by 118.30% to CNY 10,480,384.97, mainly due to increased VAT refunds[17] - Cash paid for investments surged by 1724.23% to CNY 1,459,380,000.00, reflecting increased investments in coal mining companies[18] - Undistributed profits rose by 81.52% to CNY 1,317,721,971.45, driven by higher operating net profits compared to the previous year[15] - Other receivables increased by 59.27% to CNY 875,175,299.73, primarily due to project payments made by Shanxi Zhangze Power New Energy Investment Co., Ltd.[13] Corporate Actions and Commitments - The company plans to inject coal mining assets into the listed company to enhance operational efficiency and protect shareholder interests[20] - The company will inject the "Datar Power Phase II" project into Zhangze Electric within 24 months after obtaining the approval documents[22] - The company has committed to maintaining independence from the Shanxi Coal Group in personnel, finance, assets, and operations[23] - The company will avoid any competition with the main business of Zhangze Electric in production and operation[23] - The company will not provide any illegal guarantees to the Shanxi Coal Group or its subsidiaries[24] - The company will ensure that any related transactions are conducted at market prices and comply with relevant laws and regulations[22] - The company has promised to compensate for any economic losses caused by violations of commitments made to protect minority shareholders[23] - The company will not enjoy any profits from Zhangze Electric during the transition period after the completion of the transaction[24] - The company will conduct audits to determine the net asset changes during the transition period[24] - The company will ensure that the "Zhangze Electric" remains the only listed platform for the integration of Shanxi Coal Group's domestic power generation assets[23] - The company will select appropriate timing to inject the 49.5MW wind power project into Zhangze Electric within 24 months after obtaining the approval documents[23] Future Outlook - The company anticipates a significant change in net profit for the year, potentially resulting in a loss compared to the same period last year[29] Compliance and Governance - There are no securities investments reported during the reporting period[29] - The company does not hold shares in other listed companies during the reporting period[30] - There are no derivative investments reported during the reporting period[31] - The company has received inquiries regarding its operational status and development plans from various individuals[32] - The company has no violations related to external guarantees during the reporting period[33] - There are no non-operational fund occupations by controlling shareholders or related parties during the reporting period[34] - The company has commitments from the coal group to bear any losses due to land ownership certificate issues affecting normal operations[27] - The coal group has promised to assist in obtaining approvals to delay the shutdown of the first phase of the Datang Thermal Power project[27] - The company is in the process of obtaining property ownership certificates for its assets, with assurances from the coal group regarding ownership disputes[27]

Financial Performance - The company's operating revenue for the first half of 2015 was ¥4,552,087,637.01, a decrease of 12.81% compared to the same period last year[21]. - Net profit attributable to shareholders was ¥417,399,722.16, representing a significant increase of 120.17% year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥322,209,056.06, up by 121.53% compared to the previous year[21]. - Basic earnings per share increased to ¥0.19, a rise of 137.50% compared to ¥0.08 in the previous year[21]. - The company reported a total profit of CNY 600,111,559.94, up 76.61% from CNY 339,671,593.19 in the same period last year[135]. - The company recorded an investment income of CNY 43,555,646.80, a significant recovery from a loss of CNY 16,900,794.16 in the same period last year[135]. - The comprehensive income for the period amounted to CNY 500,741,057.94, which includes a net profit of CNY 417,399,722.16 and other comprehensive income of CNY 83,341,335.78[154]. Cash Flow - The net cash flow from operating activities was ¥1,160,957,533.28, down 32.43% from the same period last year[21]. - Cash inflow from operating activities totaled CNY 4,860,298,493.04, a decline of 10.5% compared to CNY 5,431,919,630.59 last period[144]. - Cash outflow from operating activities was CNY 3,699,340,959.76, slightly decreased by 0.4% from CNY 3,713,756,725.74[144]. - Investment activities resulted in a net cash outflow of CNY 2,398,948,125.73, worsening from a net outflow of CNY 1,521,905,744.44 in the previous period[144]. - The total cash and cash equivalents at the end of the period decreased to CNY 1,177,676,957.46 from CNY 2,423,615,125.60[145]. Assets and Liabilities - Total assets at the end of the reporting period were ¥31,453,609,738.67, an increase of 1.59% from the end of the previous year[21]. - The total liabilities of the company amounted to CNY 12,916,887,037.80, slightly down from CNY 13,059,956,555.12 at the end of the previous period[135]. - Current liabilities decreased to CNY 11.10 billion from CNY 12.61 billion, a reduction of about 11.97%[128]. - Long-term borrowings rose to CNY 8.69 billion, compared to CNY 8.06 billion, reflecting an increase of approximately 7.83%[128]. - The total liabilities decreased slightly to CNY 24.76 billion from CNY 24.87 billion, a decrease of about 0.44%[128]. Investments and Acquisitions - The company invested CNY 1,555,157,700.00 during the reporting period, a significant increase of 231.36% compared to CNY 469,320,000.00 in the same period last year[36]. - The company acquired all assets and liabilities of the wind power division of Datong Coal Mine Group, impacting total assets by ¥658,724,395.52[21]. - The company acquired 100% equity of Lianzhong Hengjiu Energy Technology (Beijing) Co., Ltd. for a transaction price of 452.77 million CNY, completed in April 2015[62]. - The company completed the acquisition of all assets and liabilities of the wind power division of Datong Coal Mine Group Electric Power Company for 5,679.36 million CNY, contributing a net profit of 6.94% to the company[64]. Shareholder Information - The total number of shares is 2,253,737,800, with 30.17% being restricted shares and 69.83% being unrestricted shares[110]. - The largest shareholder, Datong Coal Mine Group, holds 30.17% of the shares, amounting to 680,012,800 shares[112]. - The second-largest shareholder, Shanxi Provincial Government State-owned Assets Supervision and Administration Commission, holds 13.27% with 299,130,000 shares[112]. Governance and Management - The board of directors consists of 11 members, with 4 independent directors, ensuring effective checks and balances[57]. - The company has established various committees under the board, including a strategy committee and an audit committee, to enhance governance[57]. - The company has a well-structured internal control system, enhancing risk management and internal control standards[58]. Operational Strategy - The company plans to enhance management efficiency and focus on project construction and capital operations to achieve profit targets in the second half of the year[28]. - The company has made progress in expanding its power generation capacity and controlling fuel costs through various measures, including direct coal procurement and public bidding[32]. - The company plans to site all future power plants in areas with coal resources, ensuring synchronized planning and approval processes[92]. Compliance and Legal Matters - The company reported no major litigation or arbitration matters during the reporting period, ensuring a stable operational environment[59]. - The company confirmed that there are no legal risks of delisting during the reporting period[105]. - The company has not faced any penalties or rectification issues during the reporting period[104]. Financial Reporting - The interim financial report for the first half of 2015 has not been audited[103]. - The financial statements are prepared based on the accrual basis of accounting, with historical cost as the measurement basis for most items, except for certain financial instruments and investment properties[175]. - The financial statements comply with the requirements of the accounting standards and accurately reflect the company's financial position as of June 30, 2015[178].

Financial Performance - The company's operating revenue for Q1 2015 was ¥2,020,863,005.20, a decrease of 13.56% compared to ¥2,337,984,861.85 in the same period last year[6] - Net profit attributable to shareholders increased by 27.26% to ¥67,751,860.95 from ¥53,240,486.80 year-on-year[6] - The net profit after deducting non-recurring gains and losses surged by 311.22% to ¥65,611,819.07, compared to ¥15,955,490.83 in the previous year[6] - The net cash flow from operating activities decreased by 21.25% to ¥447,883,203.63 from ¥568,758,536.99 in the same period last year[6] Assets and Shareholder Information - Total assets at the end of the reporting period were ¥30,956,157,817.75, reflecting a 2.16% increase from ¥30,301,561,633.35 at the end of the previous year[6] - The net assets attributable to shareholders increased by 1.30% to ¥5,254,241,453.44 from ¥5,186,699,779.54 at the end of the previous year[6] - The number of ordinary shareholders at the end of the reporting period was 166,393[10] - The largest shareholder, Datong Coal Mine Group Co., Ltd., held 30.17% of the shares, amounting to 680,012,800 shares[10] Investments and Expenses - The company's long-term equity investments increased by 71.96% to ¥1,330,826,536.52, primarily due to investments in Datong Coal Mine Group and Chenghe Shanyang Coal Mine[14] - Management expenses for the reporting period amounted to CNY 21,658,807.53, an increase of 55.45% compared to the previous year, primarily due to an increase in the scope of consolidation[15] - Investment income for the reporting period was CNY 25,680,000.00, a significant increase of 338.34% year-on-year, mainly due to the increase in net profit of invested entities[15] - Cash paid to employees and for employee benefits during the reporting period was CNY 222,219,891.83, an increase of 53.24% year-on-year, mainly due to the commissioning of new units and increased insurance payments[16] Cash Flow and Capital Expenditures - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets was CNY 526,689,049.19, a decrease of 43.07% compared to the previous year, primarily due to reduced infrastructure investment[18] - Cash invested during the reporting period was CNY 480,000,000.00, an increase of 500.00% year-on-year, primarily for investments in Datong Coal Mine Group (Shanghai) Leasing Co., Ltd. and Chenghe Shanyang Coal Mine Co., Ltd.[18] - Cash received from other investment-related activities was CNY 3,242,452.98, a decrease of 95.09% compared to the previous year, mainly due to the impact of cash and cash equivalents from newly consolidated companies in the previous period[16] Corporate Governance and Restructuring - 同煤集团 committed to maintaining the independence of Zhangze Power during its period as a controlling shareholder, ensuring no violations of independence regulations[22] - In the major asset restructuring, the commitment includes no illegal occupation of target asset funds and no guarantees provided to other enterprises controlled by the coal group[22] - Zhangze Power will serve as the only listed platform for the integration of domestic power assets of the coal group post-restructuring[22] - The coal group will inject the "Datar Thermal Power Phase II" project into Zhangze Power within 24 months after obtaining approval[22] - The wind power project at the Shanyin Zhinv Spring will also be injected into Zhangze Power within 24 months after approval[22] - The coal group will avoid competition with Zhangze Power's main business of power production and sales post-restructuring[22] - The arrangement for the transitional period's earnings ensures that the coal group will not benefit from Zhangze Power's earnings during this period[24] - The net asset increase of Zhangze Power during the transitional period will be audited and compensated accordingly by the coal group[24] - The compensation formula for cash payments from the coal group to Zhangze Power is based on the net asset increase during the transitional period[24] - The coal group will ensure compliance with relevant regulations regarding external guarantees and fund transactions[22] Land and Property Issues - The company has committed to handle the land ownership certificate issues for the Ta Shan Power Plant, ensuring that any losses incurred due to the lack of these certificates will be borne by the parent company, Tongmei Group[26] - Tongmei Group has promised to renew temporary land contracts for the Tonghua Power Plant if construction is not completed by the contract expiration, and will cover any related costs if renewal is not possible[26] - The company currently uses 29.01 million square meters (approximately 435.13 acres) of collective land for the Tonghua Power Plant, with compensation for the land needed for the second phase already in place[26] - The company anticipates potential impairment risks for the first phase of the Datang Thermal Power Plant, which is expected to be shut down within three months after the second phase begins operations[26] - Tongmei Group has guaranteed that it will assist in obtaining approvals to delay the shutdown of the first phase of the Datang Thermal Power Plant, ensuring no losses to the company due to impairment provisions[26] - The company has confirmed that it is in the process of obtaining property ownership certificates for the Wangping Power Plant, Ta Shan Power Plant, and Datang Thermal Power Plant, with no ownership disputes reported[28] Future Outlook - The company does not expect significant changes in net profit for the first half of 2015 compared to the same period last year[30] - There were no securities investments or derivative investments reported during the reporting period[32] - The company engaged in communication with investors to discuss its operational status and development plans on February 11, 2015[33] - The company has fulfilled its commitments to minority shareholders in a timely manner[28]