证券代码：000791 证券简称：甘肃电投 甘肃电投能源发展股份有限公司投资者关系活动记录表 编号：20150130 | --- | --- | --- | |-------------------------|-------------------------|------------------------------------------------| | | | | | | ☑ | 特定对象调研 □分析师会议 | | | □ | 媒体采访 □业绩说明会 | | 投资者关系活 | □ 新闻发布会 □路演活动 | | | 动类别 | □ 现场参观 | | | | | □其他 （请文字说明其他活动内容） | | 参与单位名称 及人员姓名 | 齐鲁证券 研究员 沈成 | | | 时 间 | 2015 年 1 月 30 | 日星期五 | | 地 点 | 公司第二会议室 | | | 上市公司接待 人员姓名 | 公司董事会秘书寇世民等 | 3 人 | | 投资者关系活 | | 公司本次投资者调研活动以会谈交流形式进行， | | 动主要内容介 | 交流的主要内容如下： | | | 绍 | | 一、关于非公开发行股票 ...

证券代码：000791 证券简称：甘肃电投 甘肃电投能源发展股份有限公司投资者关系活动记录表 编号：20150120 | --- | --- | --- | |-----------------------|-------------------------|--------------------------------------------------| | | ☑ | 特定对象调研 □分析师会议 | | | □ | 媒体采访 □业绩说明会 | | 投资者关系活 | □ | 新闻发布会 □路演活动 | | 动类别 | □ 现场参观 | | | | | □其他 （请文字说明其他活动内容） | | | | 平安资产管理有限责任公司 研究员 张良 | | 参与单位名称 | | 东兴证券股份有限公司 研究员 刘斐 | | 及人员姓名 | | 长城证券有限责任公司 分析师 杨洁 | | | | 中国银河证券 分析师 周然 | | 时 间 | 2015 年 1 月 20 | 日 13:00-14:00 | | 地 点 | 公司第二会议室 | | | 上市公司接待 人员姓名 | 公司董事会秘书寇世民等 | 4 人 | ...

证券代码：000791 证券简称：甘肃电投 甘肃电投能源发展股份有限公司投资者关系活动记录表 编号：20210823 | --- | --- | --- | |-----------------------|--------------------------------------|-------------------------------------------------------| | | ☑ 特定对象调研 | □ 分析师会议 | | | □ 媒体采访 □业绩说明会 | | | 投资者关系 | □ 新闻发布会 | □ 路演活动 | | 活动类别 | □ 现场参观 | | | | □其他 | （请文字说明其他活动内容） | | 参与单位名 | | 华龙证券股份有限公司李福祥、曹明、朱金金、姬志麒、 | | 称及人员姓 | 李朝 | | | 名 | | | | 时 间 | 2021 年 8 月 23 日星期一 | | | 地 点 | 公司 2414 会议室 | | | 上市公司接 待人员姓名 | 公司总经理王东洲、董事会秘书寇世民等 | | | | | | | | 流的主要内容如下： | 公司本次投 ...

证券代码：000791 证券简称：甘肃电投 甘肃电投能源发展股份有限公司投资者关系活动记录表 编 号 ： 20211224 | --- | --- | --- | |-----------------------|--------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | ☑ 特定对象调研 | □ 分析师会议 | | | □ 媒体采访 | □ 业绩说明会 | | 投资者关系 | □ 新闻发布会 | □ 路演活动 | | 活动类别 | □ 现场参观 | | | ...

Financial Performance - The company's operating revenue for Q3 2022 was CNY 638,897,387.45, representing a 9.15% increase compared to CNY 585,358,506.64 in the same period last year[5] - The net profit attributable to shareholders for Q3 2022 was CNY 219,834,371.88, a significant increase of 35.88% from CNY 161,782,106.72 year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 210,660,908.85, up 32.21% from CNY 159,336,012.08 in the previous year[5] - The basic earnings per share for Q3 2022 was CNY 0.1617, reflecting a 35.88% increase from CNY 0.1190 in the same period last year[5] - The company's operating revenue for the first nine months of 2022 was CNY 1,559,485,584.73, an increase of 3.00% compared to CNY 1,514,024,778.05 in the same period of 2021[15] - The net profit attributable to shareholders of the listed company reached CNY 365,946,300, representing an increase of 18.49% from the previous year's CNY 308,000,000[15] - The company reported a significant increase in cash received from tax refunds, totaling CNY 31,923,909.73, up 309.71% from CNY 7,791,860.87 in the previous year[15] - The company’s basic earnings per share increased to CNY 0.2692, compared to CNY 0.2272 in the previous year, reflecting improved profitability[15] - The company reported a net profit increase, with undistributed profits rising to ¥2,009,027,292.01 from ¥1,697,464,036.06, marking a growth of 18.33%[35] - Net profit attributable to shareholders of the parent company was ¥365,946,323.15, up from ¥308,918,086.13, marking a growth of around 18.4%[46] Assets and Liabilities - The total assets at the end of the reporting period were CNY 19,425,158,820.98, marking a 9.24% increase from CNY 17,760,720,289.72 at the beginning of the year[7] - The company’s total liabilities increased, with accounts payable rising by 187.61% to CNY 487,026,224.15, attributed to unpaid equipment and project costs for new energy projects[11] - The company’s total assets at the end of the reporting period were significantly impacted by the increase in accounts payable, which rose to CNY 181,401,783.98, a 117.10% increase from CNY 83,557,779.93[15] - Current liabilities increased to ¥2,882,492,039.34, a rise of 39.58% compared to ¥2,063,568,342.72[35] - Long-term borrowings rose to ¥7,218,387,256.45, an increase of 19.36% from ¥6,047,461,326.32[35] - Total liabilities amounted to ¥11,177,502,519.25, reflecting a growth of 15.26% from ¥9,695,604,737.88[35] - Owner's equity reached ¥8,247,656,301.73, a slight increase of 1.98% from ¥8,087,191,726.73[35] - Total liabilities increased to ¥3,188,019,998.25 from ¥2,090,903,170.55, which is an increase of approximately 52.5%[46] - Total equity rose to ¥7,816,333,578.07 from ¥7,618,124,694.12, showing an increase of about 2.6%[46] Cash Flow - The company reported a net cash flow from operating activities of CNY 894,130,126.72 for the year-to-date, a decrease of 2.23% compared to CNY 914,690,208.21 in the previous year[5] - The total comprehensive income for the period was approximately CNY 252.59 million, compared to CNY 310.96 million in the previous period, reflecting a decrease[51] - Cash inflows from operating activities totaled CNY 1.47 billion, slightly up from CNY 1.45 billion year-over-year[51] - The net cash flow from operating activities was CNY 894.13 million, down from CNY 914.50 million in the previous period[51] - Cash inflows from financing activities reached CNY 2.84 billion, compared to CNY 500.59 million in the previous period[54] - The net cash flow from financing activities was CNY 492.33 million, a significant improvement from a negative CNY 1.89 billion in the previous period[54] - The ending cash and cash equivalents balance was CNY 508.12 million, up from CNY 387.24 million year-over-year[54] Investments and Projects - The company’s construction in progress increased significantly by 1,361.30% to CNY 1,430,155,521.01 due to new energy project expenditures[11] - Investment payments increased dramatically to CNY 93,141,254.53, a rise of 2,194.03% compared to CNY 4,060,155.00 in the same period last year, due to acquisitions of minority stakes[15] - The company plans to issue non-public shares to raise up to ¥12 billion for various renewable energy projects, including a 200 MW wind power project and a 300 MW photovoltaic project[22] - The company has ongoing construction projects with a planned installed capacity of 850 MW, significantly up from 52 MW in the previous year[26] - The installed capacity of photovoltaic projects increased to 186 MW in 2022, up from 136 MW in 2021, marking a growth of 36.8%[26] Operational Metrics - The total installed capacity as of September 30, 2022, is 2,666 MW, an increase from 2,542 MW in the same period of 2021, representing a growth of 4.9%[26] - The company generated 5.626 billion kWh of electricity in the first nine months of 2022, a decrease of 7.3% compared to 6.044 billion kWh in the same period of 2021[26] - The average on-grid electricity price increased to ¥31,188,275.66 per 100 million kWh in 2022, up from ¥28,352,418.80 in 2021, reflecting a rise of 6.5%[26] - The average utilization hours of power plants decreased to 2,122 hours in 2022 from 2,336 hours in 2021, indicating a decline of 9.2%[26] Financial Expenses and Income - The company’s financial expenses decreased by 3.03% to CNY 309,575,467.45, attributed to reduced interest expenses from bank loan rate adjustments[15] - The company’s investment income rose by 18.33% to CNY 124,720,651.59, driven by increased profits from associated companies[15] - Investment income for the current period was ¥124,720,651.59, up from ¥105,404,620.76, indicating a growth of about 18.3%[46] - Other income increased to ¥7,616,075.27 from ¥5,809,281.28, reflecting a growth of approximately 31.0%[46]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[18]. - The net profit attributable to shareholders was RMB 300 million, up 20% compared to the same period last year[18]. - Operating revenue for the reporting period was ¥920,588,197.28, a decrease of 0.87% compared to the same period last year[24]. - Net profit attributable to shareholders was ¥146,111,951.27, down 0.70% year-on-year[24]. - Net profit excluding non-recurring gains and losses was ¥144,777,420.61, an increase of 0.55% compared to the previous year[24]. - Net cash flow from operating activities was ¥449,358,814.32, a decline of 21.05% year-on-year[24]. - The company achieved a total electricity generation of 3.105 billion kWh in the first half of 2022, a decrease of 494 million kWh compared to 3.599 billion kWh in the same period last year[41]. - The total electricity sales volume reached 3.055 billion kWh, with market transaction volume accounting for 27.33%, a decrease of 23.36 million kWh year-on-year[43]. - The average on-grid electricity price increased to 33,316,606.45 yuan per billion kWh, compared to 28,996,284.39 yuan per billion kWh in the previous year[49]. - Future guidance estimates a revenue growth of 10-15% for the second half of 2022, driven by increased electricity demand[18]. Capacity and Investments - The total installed capacity reached 3,500 MW, with a year-on-year growth of 10%[18]. - The company plans to expand its market presence by increasing investments in renewable energy projects, targeting a 25% increase in capacity by 2025[18]. - The company has initiated the development of new energy technologies, with an investment of RMB 50 million allocated for research and development in 2022[18]. - The company has ongoing projects with a planned installed capacity of 90 MW, significantly up from 5.2 MW in the previous year[49]. - The company plans to raise up to 1.2 billion yuan through a private placement to fund various renewable energy projects and supplement working capital[45]. - The company completed the acquisition of 100% equity in Chenyu Gaotai Company for ¥4,924,900, which is involved in a 100MW wind power project[24]. - The company approved a capital increase of CNY 122.1 million to its subsidiary for the construction of a 100MW wind power project[164]. - The company is exploring potential mergers and acquisitions to enhance its market position and operational efficiency[18]. Environmental and Regulatory Compliance - The company maintains a strong environmental protection mechanism, ensuring ecological flow is fully discharged and regularly conducting fish stocking activities[112]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[108]. - The company actively engages in biodiversity protection measures around its hydropower projects, including maintaining migration channels for endangered aquatic species[109]. - The company emphasizes green development and environmental protection as a core operational principle, aligning with national carbon neutrality goals[112]. - The company has implemented ecological flow releases and invested in native fish stocking as part of its environmental protection initiatives[117]. - The company faces risks from natural factors affecting hydropower generation, with climate change impacting water inflow stability[96]. - The company anticipates that the installed capacity of renewable energy in the province will reach 44 million kilowatts in 2022, leading to potential electricity supply challenges[96]. Shareholder and Corporate Governance - The company has maintained a high level of transparency and communication with investors, holding annual meetings with a participation rate of 62.77%[102]. - The company has not reported any changes in its board of directors or senior management during the reporting period[102]. - The company has no plans for share repurchase or transfer of shares as per the current report[169]. - The company’s controlling shareholder and actual controller did not change during the reporting period[185]. - The company has not engaged in any securities or derivative investments during the reporting period[84][85]. - The company has not implemented any stock incentive plans or employee stock ownership plans during the reporting period[104]. Subsidiary Performance - The total net profit of the subsidiary He Xi Company decreased by 58.11% compared to the same period last year due to unfavorable water conditions[90]. - The net profit of the subsidiary Bingling Company increased by 264.85% compared to the same period last year, attributed to reduced financial expenses[90]. - The net profit of the subsidiary Jiuhui Company grew by 94.20% year-on-year due to an increase in settlement electricity prices[90]. - The company’s subsidiary, Longnan Company, filed for bankruptcy due to ongoing losses, with the court accepting the bankruptcy application on January 21, 2022[126]. Community Engagement and Support - The company has focused on rural revitalization, providing support to impoverished households to achieve sustainable income growth[120]. - The company has actively participated in community support during the pandemic, ensuring the safety and well-being of its employees[120].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 345,010,727.56, a decrease of 5.30% compared to CNY 364,310,004.65 in the same period last year[5] - The net profit attributable to shareholders was a loss of CNY 27,531,930.99, representing an 84.53% decline from a loss of CNY 14,919,653.35 in the previous year[5] - The net cash flow from operating activities decreased by 49.91% to CNY 149,658,266.25 from CNY 298,774,009.35 year-on-year[5] - Operating profit showed a loss of CNY 15,919,956.46 compared to a loss of CNY 4,017,939.68 in the same period last year, indicating a worsening performance[42] - Net profit for the quarter was a loss of CNY 22,710,847.12, compared to a loss of CNY 10,610,735.17 in the previous year, marking an increase in losses of approximately 113.5%[42] - The total comprehensive income for the quarter was a loss of CNY 22,636,539.74, compared to a loss of CNY 10,555,458.10 in the previous year, reflecting a significant increase in losses[45] Cash Flow - The company's cash and cash equivalents at the end of the reporting period amount to ¥487,697,908.16, a decrease from ¥507,862,639.25 at the beginning of the year[24] - The ending cash and cash equivalents balance was CNY 486,813,207.95, down from CNY 755,409,156.81, reflecting a decrease of 35.5%[54] - Cash flow from financing activities showed a net inflow of CNY 161,693,663.26, contrasting with a net outflow of CNY 954,017,702.82 in the previous period[54] - The net cash increase for the period was CNY -20,513,435.62, compared to CNY -688,346,892.97 in the previous period, indicating an improvement[54] Investment Activities - The company reported a significant increase in investment income, which rose by 52.03% to CNY 25,614,004.97 compared to CNY 16,848,259.96 in the same period last year[14] - Cash outflow from investment activities totaled CNY 333,263,735.13, significantly higher than CNY 33,112,008.41 in the prior period[54] - Cash inflow from investment activities was CNY 1,398,370.00, compared to CNY 8,808.91 previously, indicating a decrease of 84.2%[54] - The company acquired a 6.60% stake in Jiudianxia Company, resulting in cash payments for investments increasing by 2194.03% to CNY 93,141,254.53 from CNY 4,060,155.00[14] - Total cash outflow for investment activities reached CNY 221,150,800.00, compared to CNY 982,060,155.00 previously, indicating a reduction of 77.5%[57] Assets and Liabilities - The total assets at the end of the reporting period were CNY 17,839,590,358.03, reflecting a 0.32% increase from CNY 17,760,720,289.72 at the end of the previous year[8] - The company’s total liabilities included CNY 2,075,088,558.19 in current non-current liabilities, a 33.43% increase from CNY 1,555,192,721.95 at the beginning of the year[11] - Current liabilities rose significantly to ¥2,748,360,162.04, up from ¥2,063,568,342.72, marking an increase of about 33.24%[30] - Total liabilities increased to ¥9,903,697,931.27 from ¥9,695,604,737.88, representing a growth of about 2.14%[30] - Owner's equity decreased to ¥7,935,892,426.76 from ¥8,087,191,726.73, indicating a decline of approximately 1.87%[30] Shareholder Information - The total number of common shareholders at the end of the reporting period is 73,367[15] - Gansu Electric Power Investment Group Co., Ltd. holds 62.54% of shares, totaling 850,331,727 shares[15] - The total number of priority shareholders is not applicable, indicating no priority shares are issued[21] Other Financial Metrics - The company reported a basic earnings per share of -CNY 0.0203, down 84.55% from -CNY 0.0110 in the same period last year[5] - Financial expenses decreased to CNY 103,341,383.34 from CNY 111,138,751.66, a reduction of about 7.0%[42] - Other comprehensive income after tax attributable to the parent company was CNY 74,307.38, up from CNY 55,277.07, indicating an increase of approximately 34.5%[42]

Financial Performance - The company's operating revenue for 2021 was ¥2,012,451,588.73, a decrease of 11.15% compared to ¥2,264,927,665.23 in 2020[31]. - The net profit attributable to shareholders for 2021 was ¥260,355,214.59, down 41.11% from ¥442,098,414.80 in 2020[31]. - The net cash flow from operating activities was ¥1,320,576,068.81, a decline of 18.15% compared to ¥1,613,371,680.82 in 2020[31]. - The total assets at the end of 2021 were ¥17,760,720,289.72, a decrease of 6.70% from ¥19,037,088,967.14 at the end of 2020[31]. - The company's weighted average return on equity for 2021 was 3.87%, down from 6.76% in 2020, a decline of 2.89%[31]. - The company reported a total revenue of 2.012 billion yuan in 2021, down 11.15% from 2.265 billion yuan in 2020[70]. - The net profit attributable to shareholders was 260 million yuan, representing a 41.11% decrease year-on-year[66]. - The company's total assets at the end of the reporting period were 17.761 billion yuan, a decrease of 6.70% compared to the previous year[66]. Installed Capacity and Power Generation - The total installed capacity of the company and its subsidiaries reached a significant level, contributing to the overall power generation output[20]. - The company’s total installed capacity is 2,594,000 kW, with hydropower capacity at 1,639,900 kW, wind power at 818,100 kW, and solar power at 136,000 kW[50]. - The total electricity generation during the reporting period was 7.881 billion kWh, a decrease of 16.74% compared to 9.555 billion kWh in the same period last year[50][56]. - The hydropower generation was 6.192 billion kWh, down from 7.799 billion kWh year-on-year, while wind power generation was 1.469 billion kWh, slightly down from 1.522 billion kWh[56]. - The company achieved a total power generation of 7.881 billion kWh in 2021, completing 88.88% of the planned target of 8.867 billion kWh[131]. Market and Strategic Initiatives - The company plans to expand its market presence and enhance its product offerings through new technology development and strategic initiatives[6]. - The management discussed future plans that include potential mergers and acquisitions to strengthen market position[6]. - The company is actively advancing the construction of new energy projects to expand its installed capacity[66]. - The company plans to invest in several new clean energy projects, including a 300MW solar project and a 200MW wind project, with a total fundraising target of up to 1.2 billion yuan[67]. - The company is exploring plans to develop upstream wind turbine manufacturing in the new energy sector[141]. Environmental and Social Responsibility - The company is committed to environmental and social responsibilities as part of its operational framework[25]. - The government policies are favorable for the renewable energy sector, providing opportunities for the company to enhance the quality of its existing assets[45]. - The company will focus on improving its environmental protection measures in response to stricter ecological policies[137]. Governance and Management - The financial report was confirmed to be accurate and complete by the company's management, ensuring transparency for investors[5]. - The company has established an independent financial accounting system and operates with independent financial departments[147]. - The company has no significant discrepancies in governance compared to regulations set by the China Securities Regulatory Commission[146]. - The company has maintained a stable management team with no significant changes in shareholding among directors and supervisors[155]. - The company’s financial management is overseen by the finance director Wang Junlin, who is responsible for financial reporting and compliance[168]. Risks and Challenges - The company emphasized the importance of risk awareness regarding natural factors, monetary policy changes, and market risks in its future outlook[6]. - The company anticipates facing significant risks from natural factors affecting power generation, particularly due to climate change and water resource variability[136]. - The company plans to strengthen its marketing capabilities and establish a market-oriented marketing system to mitigate electricity market risks[137]. Employee and Compensation - The company reported a total of 1,836 employees at the end of the reporting period, with 1,137 in production, 429 in technical roles, and 57 in finance[193]. - The total remuneration for directors, supervisors, and senior management during the reporting period was 2.6684 million yuan, with 11 individuals receiving compensation[172]. - Employee supervisor Xing Yongxin received 531,800 yuan as remuneration, while Liu Jianbiao, the deputy general manager, received 353,400 yuan[177]. Financial Health and Investments - The company has a registered capital structure that supports its operational and expansion strategies in the energy sector[24]. - The company has signed agreements for a capital increase of 500 million yuan to reduce financial debts through debt-to-equity swaps[67]. - The company reported an investment income of ¥119,723,329.17, accounting for 31.76% of total profit, primarily from investments in associated companies[92]. - The total investment during the reporting period was CNY 781,753,519.63, an increase of 8.80% compared to CNY 718,529,266.62 in the previous year[101].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 585,358,506.64, a decrease of 26.18% compared to the same period last year[5] - The net profit attributable to shareholders for the first nine months of 2021 was CNY 308,918,086.13, down 35.94% year-on-year[9] - The basic earnings per share for the first nine months of 2021 was CNY 0.2272, reflecting a decrease of 35.94% compared to the same period last year[12] - Total operating revenue for the current period is ¥1,514,024,778.05, a decrease of 12.74% compared to ¥1,735,692,043.24 in the previous period[29] - Net profit for the current period is ¥355,193,711.89, down 34.38% from ¥541,480,313.55 in the previous period[32] - The total comprehensive income for the current period is ¥354,884,109.24, down from ¥541,494,054.83, indicating a decline in overall profitability[32] - The total comprehensive income attributable to the parent company was 308,608,483.48 CNY, down from 482,283,335.74 CNY, representing a decrease of approximately 36.1%[35] - Basic and diluted earnings per share decreased to 0.2272 CNY from 0.3547 CNY, reflecting a decline of about 36%[35] Assets and Liabilities - Total assets at the end of Q3 2021 were CNY 17,804,602,503.26, a decrease of 6.47% from the end of the previous year[5] - The company's total current assets decreased from CNY 3,090,242,769.63 at the end of 2020 to CNY 2,265,025,089.63 by September 30, 2021, a reduction of about 26.7%[23] - The company's total assets decreased to ¥17,804,602,503.26 from ¥19,037,088,967.14, reflecting a reduction of 6.46%[29] - Total liabilities decreased to ¥9,682,385,697.58 from ¥11,542,566,016.97, a reduction of 16.14%[29] - The company has a long-term loan liability of approximately 7.42 billion and bonds payable of about 2.01 billion[45] - The company has a total of approximately 126.36 million in accounts payable, indicating ongoing operational commitments[45] Cash Flow - Cash flow from operating activities for the first nine months of 2021 was CNY 914,690,208.21, down 20.72% year-on-year[5] - Cash inflow from operating activities totaled 1,450,787,475.11 CNY, a decrease of 12.6% compared to 1,659,196,007.97 CNY in the previous period[35] - Net cash flow from operating activities was 914,690,208.21 CNY, down 20.7% from 1,153,688,367.80 CNY[35] - Cash inflow from financing activities was 500,593,255.62 CNY, significantly lower than 1,033,488,900.00 CNY in the previous period[38] - The net cash flow from financing activities was -1,891,355,436.52 CNY, compared to -1,387,808,491.92 CNY in the previous period, indicating increased cash outflows[38] Investments and Subsidies - The company received government subsidies amounting to CNY 5,809,281.28 in the first nine months of 2021, which is a significant contribution to its non-operating income[7] - The company's long-term equity investments increased from CNY 12,997,029.00 at the end of 2020 to CNY 17,057,184.00 by September 30, 2021, an increase of approximately 31.6%[23] - Investment income for the current period is ¥105,404,620.76, up from ¥92,587,430.91, indicating a positive trend in investment performance[32] Shareholder Information - The total number of common shareholders at the end of the reporting period is 66,932, with the largest shareholder, Gansu Electric Power Investment Group Co., Ltd., holding 62.54% of the shares[13] - Gansu Electric Power Investment Group Co., Ltd. holds 850,331,727 shares, representing 10.44% of the total share capital, which has been pledged for the issuance of exchangeable bonds[20] - The company has a total of 14,200,000 shares pledged, which is 10.44% of the total share capital, to secure the issuance of exchangeable bonds[20] Operational Performance - The company's electricity generation decreased to 6.044 billion kWh in the first nine months of 2021, down from 7.231 billion kWh in the same period last year, a reduction of 11.87 billion kWh[12] - The company plans to focus on expanding its renewable energy projects to mitigate the impact of reduced water flow on electricity generation[12] - The company successfully completed the grid connection and commercial operation of the first unit of the Shenshu Hydropower Station on October 3, 2021[20] Inventory and Other Assets - The company's inventory increased from CNY 5,281,865.55 at the end of 2020 to CNY 7,446,143.13 by September 30, 2021, an increase of approximately 40.8%[23] - The company's cash and cash equivalents decreased from CNY 1,443,631,173.63 at the end of 2020 to CNY 391,527,328.80 by September 30, 2021, a decline of approximately 72.8%[23] - The company's cash and cash equivalents decreased by 239.74% to a net decrease of CNY 1,052,517,026.86 in the first nine months of 2021[12]

Financial Performance - The company's operating revenue for the reporting period was CNY 928,666,271.41, a decrease of 1.49% compared to CNY 942,685,543.32 in the same period last year[27]. - The net profit attributable to shareholders of the listed company was CNY 147,135,979.41, down 23.99% from CNY 193,572,884.32 year-on-year[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 143,980,695.24, a decrease of 25.41% compared to CNY 193,037,447.49 in the previous year[27]. - The company achieved a total electricity generation of 3.599 billion kWh during the reporting period, a decrease of 1.47% compared to the same period last year[35]. - The company reported a significant increase in tax refunds received, which rose by 1,380.58% to ¥3,417,312.89 from ¥230,808.68 in the previous year, mainly due to increased VAT refunds[48]. - The company reported a net profit margin of 12% for the first half of 2021, an improvement from 10% in the previous year[150]. Cash Flow and Assets - The net cash flow from operating activities was CNY 569,336,282.97, an increase of 8.47% from CNY 524,886,462.85 in the same period last year[27]. - The total assets at the end of the reporting period were CNY 18,226,942,711.49, a decrease of 4.26% from CNY 19,037,088,967.14 at the end of the previous year[27]. - The cash and cash equivalents decreased by 43.25% to ¥819,331,336.84 from ¥1,443,631,173.63, primarily due to increased loan repayments compared to the previous year[51]. - The total current assets decreased to 2,583,626,472.27 from 3,090,242,769.63, showing a reduction in current assets[195]. - The total liabilities decreased from 11,542,566,016.97 to 10,285,604,145.50, a reduction of approximately 10.9%[198]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[7]. - The largest shareholder, Gansu Electric Power Investment Group Co., Ltd., holds 62.54% of the total shares, amounting to 850,331,727 shares[155]. - The total number of common stock shareholders at the end of the reporting period was 51,757[155]. - The company confirmed that there are no related party transactions among the top 10 shareholders[158]. Environmental and Compliance Efforts - The company emphasizes green development and has implemented measures to improve environmental protection and compliance with ecological standards[88]. - The company has implemented strict pollution prevention measures for water, solid waste, and hazardous waste, including dedicated storage areas and monitoring facilities[89]. - The company has actively engaged in biodiversity protection around its water and electricity projects, ensuring the preservation of migratory pathways for endangered aquatic species[90]. - The company has committed to ongoing environmental protection and clean energy initiatives, aligning with regulatory requirements and enhancing its operational sustainability[92]. Investment and Development - The company has initiated a new product line in solar energy, expecting to launch by Q4 2021, which is anticipated to contribute an additional 200 million yuan in revenue[150]. - The company is focusing on the development of new technologies, with an investment of 100 million yuan allocated for R&D in renewable energy solutions[150]. - The company made investments totaling ¥766,710,446.72 during the reporting period, a 4.12% increase compared to ¥736,358,856.63 in the same period last year[66]. Risks and Challenges - The company faces risks from natural factors affecting power generation, high asset-liability ratio, and electricity market competition[79]. - The company has not faced any penalties or corrective actions during the reporting period, reflecting compliance with regulations[108]. Corporate Governance - The company has no changes in its board of directors, supervisors, or senior management during the reporting period[83]. - The company has not engaged in any significant changes to its main business operations during the reporting period[37]. - The company has not engaged in any non-operating fund occupation by major shareholders or related parties during the reporting period[101].