Group 1: Company Overview - The main business of Jiangxi Ganneng Co., Ltd. includes thermal, hydropower, and renewable energy generation, transitioning from a traditional energy company to a comprehensive energy service provider [2] - The total installed capacity of the company's operational power plants is 157.84 million kW, including one thermal power plant and two hydropower plants [2] - The installed capacity of the thermal power plant is 2×70 million kW, while the hydropower plants have capacities of 2×30 million kW and 2×20 million kW, respectively [2] - The photovoltaic project has an installed capacity of 7.84 million kW, with an additional thermal power plant under construction designed for 2×100 million kW [2] Group 2: Project Progress - The construction of the Fengdian Phase III project is progressing steadily, with one unit expected to be operational in the first half of 2022 [3] Group 3: Power Generation and Procurement - In Q1 2022, the power generation of the company's thermal and hydropower plants increased compared to the same period last year [3] - The main coal suppliers for the company in 2021 were Guoneng Sales Group Co., Ltd., China Coal Huazhong Energy Co., Ltd., and Jiangxi Shangan Coal Sales Co., Ltd. [3] - The company adopts a procurement strategy primarily based on long-term contracts supplemented by market purchases, with long-term contracts signed following national guidelines [3] Group 4: Future Development and Investments - The company aims to enhance its renewable energy capacity as part of its "Big Energy" strategy and the "14th Five-Year" development plan [3] - Jiangxi Ganneng holds a 23.33% stake in Jiangxi Changtai Expressway Co., Ltd., with an initial investment of 350 million yuan, which is expected to yield good returns [3] - The company is collaborating with China Power Engineering Consulting Group to establish Jiangxi Ganneng Shanggao Power Co., Ltd., focusing on a 2000MW clean coal power project [3] - The company plans to invest in a 500MW-600MW centralized photovoltaic project in Shanggao County [3]

Financial Performance - The company's operating revenue for Q3 2022 reached ¥1,469,571,593.60, representing a 130.71% increase compared to the same period last year[6]. - The net profit attributable to shareholders for the same period was ¥124,925,387.94, with a year-to-date net profit of ¥159,704,243.35[6]. - The weighted average return on equity was 2.63%, an increase of 4.35% compared to the previous year[6]. - Total operating revenue for the period reached ¥2,850,862,698.27, an increase of 42% compared to ¥2,011,266,023.71 in the previous period[33]. - Total profit reached ¥164,263,191.64, a significant recovery from a loss of ¥6,502,029.25 in the previous year[36]. - Net profit for the period was ¥160,499,331.54, compared to a net loss of ¥7,882,387.18 in the same period last year, indicating a turnaround[36]. - The company reported a basic earnings per share of ¥0.16, compared to a loss per share of ¥0.01 in the previous year[39]. - Total operating income was ¥165,075,850.82, a recovery from an operating loss of ¥12,193,748.53 in the previous year[36]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥10,887,519,593.00, reflecting a 10.52% increase from the end of the previous year[6]. - Accounts receivable increased by 131.72% to ¥504,650,462.71, primarily due to increased electricity sales from the new power generation unit[11]. - Total liabilities increased to ¥6,025,916,492.42 from ¥5,150,403,770.55, indicating a rise in financial obligations[32]. - The total liabilities decreased by 33.75% in accounts payable, amounting to ¥405,620,602.88, mainly due to reduced fuel payables[11]. - Non-current assets totaled ¥8,961,010,334.08, up from ¥8,312,788,103.18, reflecting growth in long-term investments[29]. Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥188,538,715.45, a decrease of 40.69% compared to the previous year[11]. - Operating cash flow net amount was ¥188,538,715.45, down from ¥317,867,232.64 in the previous year, reflecting a decrease of approximately 40.6%[43]. - The company generated cash inflow from operating activities totaling ¥2,781,256,162.00, compared to ¥2,497,805,844.10 in the previous year, marking an increase of approximately 11.3%[43]. - Investment activities resulted in a net cash outflow of ¥922,182,491.54, an improvement from a larger outflow of ¥1,234,706,596.18 in the previous year[43]. - Financing activities generated a net cash inflow of ¥827,122,118.33, down from ¥1,125,726,140.45 in the previous year, indicating a decrease of about 26.5%[43]. - Cash and cash equivalents increased to ¥863,671,655.82 from ¥758,769,108.24, indicating improved liquidity[26]. - Cash and cash equivalents at the end of the period totaled ¥846,398,813.00, up from ¥736,971,750.88, showing an increase of about 15%[43]. Shareholder Information - The company’s major shareholder, Jiangxi Investment Group, holds 37.78% of the shares, totaling 368,570,131 shares[22]. - Another major shareholder, State Power Investment Corporation, holds 32.22% of the shares, totaling 314,365,100 shares[22]. - The company’s major shareholders have reduced their holdings, with Jiangxi Investment Group reducing by 18,925,431 shares (1.94%) and State Power Investment reducing by 14,634,900 shares (1.49997%) in total[22][24]. - The company has not identified any related party relationships among shareholders holding more than 5% of the shares[24]. Operational Highlights - The total installed capacity of the company is 2,593.44 MW, including 2,400 MW from thermal power, 100 MW from hydropower, and 93.44 MW from photovoltaic power[20]. - The company completed a total electricity generation of 6.468 billion kWh from January to September 2022, representing a year-on-year increase of 22.50%[20]. - The thermal power generation accounted for 6.136 billion kWh, with a year-on-year increase of 22.04%[20]. - The hydropower generation was 251 million kWh, showing a year-on-year increase of 26.13%[20]. - The photovoltaic power generation reached 81 million kWh, marking a year-on-year increase of 52.83%[20]. - The company’s Phase III project at Fengcheng Power Plant has made significant progress, with the 7 unit officially commencing commercial operation on July 20, 2022[21]. Expenses and Efficiency - Total operating costs amounted to ¥2,766,087,085.45, up from ¥2,107,096,540.14, reflecting a significant rise in operational expenses[33]. - Research and development expenses were recorded at ¥47,619,351.27, slightly down from ¥54,555,058.45, indicating a potential shift in investment strategy[33]. - The company reported a decrease in tax and additional charges to ¥11,323,533.37 from ¥14,311,227.57, which may reflect improved tax efficiency[33]. - Interest income increased to ¥4,907,546.52 from ¥3,976,264.57, representing a growth of approximately 23.3% year-over-year[36]. - The company reported a significant increase in other income, which rose by 507.23% to ¥1,806,209.01, attributed to government subsidies[11]. - The company received government subsidies totaling ¥182,324.27 during the reporting period, contributing to its non-operating income[7].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,381,291,104.67, a slight increase of 0.51% compared to CNY 1,374,294,770.36 in the same period last year[26]. - Net profit attributable to shareholders decreased by 54.45% to CNY 34,778,855.41 from CNY 76,361,053.42 year-on-year[26]. - The net profit after deducting non-recurring gains and losses was CNY 33,134,030.88, down 56.00% from CNY 75,302,346.57 in the previous year[26]. - The net cash flow from operating activities was CNY 114,613,215.98, a decrease of 31.18% compared to CNY 166,531,117.00 in the same period last year[26]. - Basic and diluted earnings per share both fell by 50.00% to CNY 0.04 from CNY 0.08 year-on-year[26]. - Operating costs rose to ¥1,274,815,744.18, reflecting a 4.05% increase from ¥1,225,156,599.64 year-on-year[51]. - The total revenue for the reporting period was 55,306.7 million CNY, with a net profit of 230,173 million CNY[140]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 10,691,424,499.33, an increase of 8.53% from CNY 9,851,092,696.19 at the end of the previous year[26]. - The net assets attributable to shareholders increased by 0.75% to CNY 4,684,522,025.66 from CNY 4,649,743,170.25 at the end of the previous year[26]. - As of June 30, 2022, the company's total assets amounted to 10.691 billion CNY, an increase of 8.53% from the beginning of the year, with a debt ratio of 55.70%[40]. - The company’s long-term borrowings increased by 34.36% to ¥3,673,151,498.34 from ¥2,417,653,966.94 in the previous year[58]. - The total approved guarantee amount at the end of the reporting period was 38,420 million, with an actual guarantee balance of 33,246.6 million[160]. Investments and Projects - The total investment amount for the reporting period was ¥569,646,027.20, a decrease of 27.34% compared to the same period last year, which was ¥783,937,701.99[64]. - The ongoing major non-equity investment, the Fengdian Phase III expansion project, has a total investment of ¥155,824,000, with a cumulative actual investment of ¥4,318,796,012.90, achieving 57.28% of the planned progress[69]. - The company has invested ¥462,217,647.82 in the Fengdian Phase III expansion project during the reporting period[69]. - The company has completed the signing of equity transfer agreements for 100% stakes in subsidiaries, including Shangrao Yuhua Photovoltaic Technology Co., Ltd. and Jiangxi Yucheng Smart Energy Co., Ltd.[168]. - The company has ongoing contracts for the expansion of the Fengcheng Power Plant, with a total transaction price of 205,188 million for main equipment purchases[163]. Operational Highlights - In the first half of 2022, the company's total power generation was 3.276 billion kWh, a decrease of 13.70% year-on-year[40]. - The company's installed capacity for photovoltaic power generation was 93.44 MW, accounting for 3.60% of the total installed capacity[44]. - In the first half of 2022, the company's photovoltaic power generation increased by 74.99% year-on-year, reaching 39 million kWh[43]. - The average utilization hours of national power generation equipment were 1,777 hours, a decrease of 81 hours compared to the same period last year[36]. - The company is actively promoting green and low-carbon power projects in line with the "14th Five-Year Plan" to optimize the power supply structure[44]. Environmental and Social Responsibility - The company has completed the ultra-low emission transformation for units 5 and 6 in 2017, with recognition from the Jiangxi Provincial Environmental Protection Department in 2018[109]. - The company’s Fencheng Phase II power plant has implemented various environmental protection projects, including the liquid ammonia to urea project, which commenced operation in June 2022[109]. - The company has developed an environmental pollution accident emergency plan to effectively prevent and manage environmental risks[114]. - The company has maintained a comprehensive utilization rate of 100% for industrial solid waste generated at its power plants[117]. - The company has actively participated in community support activities, including traffic safety training and cultural events, to strengthen ties with local residents[121]. Corporate Governance - The annual shareholders' meeting had a participation rate of 73.59% on May 17, 2022, approving ten proposals including the 2021 financial report and the election of the ninth board of directors[96]. - The first extraordinary shareholders' meeting in 2022 had a participation rate of 73.69% on June 2, 2022, passing a proposal for issuing debt financing instruments[96]. - The company has appointed several new directors and supervisors, including Ye Rong as the general manager on May 17, 2022[100]. - The company has no stock incentive plans or employee stock ownership plans in place during the reporting period[104]. - The company’s integrity status is good, with no unfulfilled court judgments or significant debts due[136]. Shareholder Information - The company’s major shareholder, Jiangxi Provincial Investment Group Co., Ltd., reduced its holdings by 18,925,431 shares, representing a decrease of 1.94%, leaving it with 368,570,131 shares, or 37.78% ownership[177]. - Another significant shareholder, State Power Investment Corporation, reduced its holdings by a total of 14,634,900 shares, which is a combined reduction of approximately 1.5%, resulting in a remaining ownership of 314,365,100 shares, or 32.22%[177]. - The company reported a total of 43,899 shareholders holding ordinary shares at the end of the reporting period[181]. - The company’s shareholding structure indicates a significant concentration of ownership among major shareholders, with the top two shareholders holding over 69% of the total shares[181]. - The company has complied with the relevant regulations regarding shareholding changes and disclosures as required by the Shenzhen Stock Exchange[177].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15%[21] - The net profit attributable to shareholders was RMB 300 million, which is a 10% increase compared to the previous year[21] - The company's operating revenue for 2021 was ¥2,699,558,782.67, representing a 0.84% increase compared to ¥2,677,189,520.85 in 2020[29] - The net profit attributable to shareholders for 2021 was -¥248,173,188.30, a decrease of 178.54% from ¥315,975,908.50 in 2020[29] - The net cash flow from operating activities decreased by 51.96% to ¥243,962,744.89 in 2021 from ¥507,783,803.72 in 2020[29] - The company reported a basic earnings per share of -¥0.25 for 2021, down 178.13% from ¥0.32 in 2020[29] - The weighted average return on equity was -5.15% in 2021, a decline of 11.61% from 6.46% in 2020[29] - The company’s quarterly operating revenue for Q4 2021 was ¥688,292,758.96, with a net profit attributable to shareholders of -¥239,564,398.55[35] - The company reported a net loss of CNY 1,530,989.28 for the reporting period[114] Capacity and Production - The installed capacity of the company reached 2,500 MW, with a year-on-year growth of 20%[21] - The total electricity generation was 10,000 MWh, marking an increase of 12% from the previous year[21] - The company's total power generation during the reporting period was 7.17 billion kWh, with thermal power accounting for 95.77% at 6.87 billion kWh[50] - The company's electricity sales reached 6.83 billion kWh, with thermal power sales at 6.54 billion kWh, representing 95.63% of total sales[50] - The total installed capacity of the company as of December 31, 2021, was 1,578.4 MW[66] - The average utilization rate of the company's power plants was 4.56%, slightly up from 4.47% in the previous year[57] Market Expansion and Strategy - The company plans to expand its market presence by entering two new provinces in 2022, aiming for a 25% increase in market share[21] - The company aims to achieve a revenue target of RMB 1.5 billion for 2022, which would represent a growth of 25%[21] - The company is exploring potential mergers and acquisitions to enhance its operational capabilities and market reach[21] - The company plans to increase its renewable energy capacity and expand its comprehensive energy services in the future[50] - The company is actively pursuing business development in clean energy and technology innovation to adapt to the evolving energy landscape[148] Research and Development - The company is investing RMB 200 million in R&D for new energy technologies, focusing on solar and wind energy solutions[21] - Research and development expenses increased by 72.20% to RMB 49,543,990.60 compared to the previous year, reflecting a significant investment in innovation[84] - The company completed several major R&D projects, including a study on reducing desulfurization plant electricity consumption, which aims to lower energy use while meeting environmental standards[85] - The company has developed a comprehensive recycling system for industrial cooling water, aiming to reduce water resource consumption and manufacturing costs[89] - The number of R&D personnel increased by 25.58% from 86 in 2020 to 108 in 2021, with R&D personnel now making up 13.57% of the total workforce[91] Financial Management and Investments - The company reported an investment income of CNY 106,170,076.84, which constituted -43.15% of total profit[99] - The company's cash and cash equivalents increased by CNY 224,835,512.47, a decrease of 27.54% year-on-year[95] - Long-term borrowings rose to CNY 2,417,653,966.94, accounting for 24.54% of total assets, primarily due to financing for the Fengdian Phase III project[100] - The total investment for the reporting period reached CNY 2,090,246,828.13, a significant increase of 241.72% from the previous year[107] Governance and Management Changes - The company experienced a management change with multiple resignations and appointments, including the resignation of Mr. Li Shengyi as Vice General Manager on October 21, 2021, due to work adjustments[176] - The company appointed Mr. Huang Hui as Vice General Manager on January 12, 2022, while he was relieved of his duties as Chief Engineer[177] - The company reported a significant turnover in its board and supervisory roles, with several members resigning due to work adjustments throughout 2021[176] - The company is focused on expanding its management team with new appointments to strengthen its operational efficiency and governance[177] Sustainability and Environmental Goals - The management team emphasized a commitment to sustainability, aiming for a 50% reduction in carbon emissions by 2025[191] - The company is committed to achieving carbon peak and carbon neutrality goals, focusing on clean energy development and exploring CCER project development to minimize carbon compliance costs[154] - The company anticipates challenges in the coal market due to tight supply and fluctuating prices, with measures in place to control costs and manage fuel procurement effectively[155] Customer and Supplier Relationships - The top five customers accounted for a total sales amount of RMB 2,654,846,233.74, representing 98.33% of the annual total sales[80] - The largest customer, State Grid Jiangxi Electric Power Co., Ltd., contributed RMB 2,605,915,457.83, which is 96.53% of the annual total sales[80] - The total procurement amount from the top five suppliers was RMB 4,670,072,670.25, accounting for 73.05% of the annual total procurement[80] - The largest supplier, Harbin Electric Co., Ltd., had a procurement amount of RMB 1,610,245,358.94, which is 25.19% of the annual total procurement[80]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15%[21] - The net profit attributable to shareholders was RMB 300 million, an increase of 20% compared to the previous year[21] - The company's operating revenue for 2021 was ¥2,699,558,782.67, representing a year-on-year increase of 0.84% compared to ¥2,677,189,520.85 in 2020[29] - The net profit attributable to shareholders for 2021 was -¥248,173,188.30, a significant decline of 178.54% from ¥315,975,908.50 in 2020[29] - The net cash flow from operating activities decreased by 51.96% to ¥243,962,744.89 in 2021, down from ¥507,783,803.72 in 2020[29] - The total revenue for the reporting period was approximately RMB 4.03 billion, showing a decrease from RMB 3.40 billion in the previous period[121] - The net profit was -248 million yuan, a decline of 178.30% year-on-year, primarily due to a 44.28% increase in average coal prices[67] Capacity and Production - The installed capacity of the company reached 2,500 MW, with a year-on-year growth of 10%[21] - The total electricity generation was 10,000 MWh, reflecting a 12% increase from the previous year[21] - The total installed capacity of the company as of December 31, 2021, was 1,578.4 MW[67] - The company's total power generation during the reporting period was 7.17 billion kWh, with thermal power accounting for 95.77% at 6.87 billion kWh[52] - The total power generation for the reporting period was 7.17 billion kWh, a decrease of 3.81% year-on-year[67] Market Expansion and Strategy - The company plans to expand its market presence by entering two new provinces in 2022[21] - The company aims to achieve a revenue growth target of 10% for 2022[21] - The company is exploring potential mergers and acquisitions to enhance its market position[21] - The company plans to increase the proportion of renewable energy sources in its installed capacity and expand comprehensive energy services[52] - The company aims to enhance its service offerings in energy management and efficiency through technological advancements[115] - Jiangxi Ganneng is committed to maintaining a sustainable growth strategy through strategic investments and partnerships in the energy sector[112] Research and Development - Research and development expenses increased by 25% to RMB 50 million, focusing on renewable energy technologies[21] - The company implemented 20 technology projects during the year, resulting in 1 invention patent granted and 39 patents accepted[66] - R&D investment in 2021 amounted to ¥96,766,070.97, a significant increase of 236.33% compared to ¥28,771,055.54 in 2020[94] - R&D expenditure accounted for 3.58% of operating revenue in 2021, up from 1.07% in 2020, reflecting a change of 2.51%[94] - The company has completed research on various technologies, including high-precision electronic belt scales and low-ash melting point coal co-firing technology, aimed at improving operational efficiency and economic benefits[89] Environmental and Sustainability Initiatives - The management emphasized the importance of sustainable practices in future operations and investments[21] - The company aims to increase the proportion of renewable energy sources in its installed capacity in line with national carbon neutrality goals[64] - The company is committed to achieving carbon neutrality goals, actively engaging in clean energy development and carbon asset market transactions to minimize compliance costs[153] - The company has made significant advancements in environmental protection technologies, achieving dust concentration standards of 50mg/m3[89] Governance and Management - The company has established a robust internal governance structure to protect shareholder interests and ensure compliance with regulatory requirements[163] - The company is undergoing a transition in its leadership, with a focus on aligning its management structure with its strategic goals and market demands[175][179] - The company has a diverse board with members holding various qualifications, including advanced degrees and professional certifications in engineering and economics[180][182] - The company’s management team has a mix of experience in both operational and strategic roles, which is expected to drive future growth and stability[180][182] Financial Management and Investments - The company's fuel costs accounted for 80.10% of total operating costs, reflecting a significant increase from the previous year[75] - The company has recognized related transactions with Jiangxi Shangan Coal Sales Co., Ltd. for a maximum amount of RMB 898.80 million, as it is a joint venture under the controlling shareholder[83] - The company is focusing on diversifying its energy sources and increasing the proportion of renewable energy installations in response to national carbon reduction policies[155] - The company plans to optimize fuel procurement contracts and improve cost control measures to mitigate the impact of rising coal prices on operational costs[154] Subsidiaries and Acquisitions - The company has signed a major acquisition of 100% equity in Shangrao Yuhua Photovoltaic Technology Co., Ltd., expanding its operational scope[76] - The company established several new subsidiaries during the reporting period, including Jiangxi Ganneng Smart Energy Co., Ltd. with a registered capital of RMB 50 million, and Jiangxi Ganneng Lingfeng New Energy Co., Ltd. with a registered capital of RMB 100 million, all included in this year's consolidated scope[77] - Jiangxi Ganneng established Jiangxi Jiangtou Electric Power Technology and Testing Research Co., Ltd. with a registered capital of RMB 50 million, holding 100% equity, to enhance innovation capabilities in clean energy and energy storage[142] Customer and Supplier Relations - The top five customers accounted for a total sales amount of RMB 2,654,846,233.74, representing 98.33% of the annual total sales[80] - The total procurement amount from the top five suppliers was RMB 4,670,072,670.25, accounting for 73.05% of the annual total procurement[80] Cash Flow and Financial Position - Operating cash inflow for 2021 was CNY 3,500,861,934.86, an increase of 26.74% compared to CNY 2,762,245,179.78 in 2020[95] - The proportion of cash and cash equivalents increased to 7.70% of total assets, up from 6.61% at the beginning of the year[100] - Long-term borrowings rose to CNY 2,417,653,966.94, accounting for 24.54% of total liabilities, primarily due to financing for the Fengdian Phase III project[103] Shareholder Engagement - The first extraordinary general meeting of 2021 had an investor participation rate of 33.88% on February 8, 2021[168] - The annual general meeting for 2020 had a participation rate of 73.60% on May 20, 2021, approving seven proposals including the 2020 annual report[168]

Financial Performance - The company's operating revenue for Q1 2022 was ¥742,382,584.11, representing a 25.53% increase compared to ¥591,417,247.07 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥1,014,962.63, a decrease of 103.75% from a profit of ¥27,063,714.24 in the previous year[3] - The net cash flow from operating activities decreased by 54.97%, amounting to ¥40,977,299.09 compared to ¥90,999,176.31 in the same period last year[3] - Total operating revenue for the period reached ¥742,382,584.11, an increase from ¥591,417,247.07 in the previous period, representing a growth of approximately 25.5%[28] - The company reported a net profit of -1,493,079.04 yuan for the current period, compared to a net profit of 27,068,045.53 yuan in the previous period, indicating a significant decline[31] - Operating profit for the current period was -1,602,334.90 yuan, down from 26,541,133.11 yuan in the previous period[31] - Total revenue from operating activities decreased to 752,876,594.75 yuan, compared to 794,405,046.67 yuan in the previous period[39] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥9,744,267,978.59, a decrease of 1.08% from ¥9,851,092,696.19 at the end of the previous year[3] - Non-current assets totaled ¥8,486,331,019.29, up from ¥8,312,788,103.18, showing an increase of about 2.1%[24] - Total liabilities decreased to ¥5,045,072,131.99 from ¥5,150,403,770.55, a decline of approximately 2.0%[27] - Long-term borrowings increased to ¥2,696,210,286.53 from ¥2,417,653,966.94, reflecting a rise of approximately 11.5%[27] - The company's retained earnings slightly decreased to ¥849,360,776.67 from ¥850,375,739.30, a decline of about 0.1%[27] Cash Flow - The company's cash and cash equivalents decreased to ¥508,994,395.28 from ¥758,769,108.24, reflecting a decline of approximately 32.8%[21] - Cash flow from operating activities generated a net cash inflow of 40,977,299.09 yuan, down from 90,999,176.31 yuan in the previous period[39] - The company's total cash outflow from investment activities was 230,511,910.40 yuan, compared to 408,765,685.82 yuan in the previous period[39] - Total cash inflow from financing activities was $477,983,577.91, compared to $532,000,000.00 in the previous period[42] - Cash outflow from financing activities totaled $542,334,163.59, down from $561,655,016.66[42] - Net cash flow from financing activities was -$64,350,585.68, compared to -$29,655,016.66 previously[42] - The net increase in cash and cash equivalents was -$249,774,712.96, an improvement from -$316,037,470.65[42] - The beginning balance of cash and cash equivalents was $752,920,486.44, up from $528,084,973.97[42] - The ending balance of cash and cash equivalents stood at $503,145,773.48, compared to $212,047,503.32 previously[42] Shareholder Information - The total number of common shareholders at the end of the reporting period was 39,366[11] - Jiangxi Investment Group holds 39.72% of shares, totaling 387,495,562 shares[11] - Guotou Electric Power Holding Co., Ltd. owns 33.72% of shares, amounting to 329,000,000 shares[11] - The company has a total of 2,603,801 shares held by shareholder Chen Jiefeng through a margin trading account[14] - The company has a total of 2,033,800 shares held by shareholder Xie Runfang through a margin trading account[14] - The company has a total of 1,880,000 shares held by shareholder Yang Zihui through a margin trading account[14] Operational Highlights - The company's operating costs increased by 33.24% to ¥710,542,688.79, primarily due to rising coal prices[6] - The company reported a significant increase in accounts receivable by 43.22%, reaching ¥311,906,481.93, attributed to early collection of electricity fees[6] - The company experienced a 70.77% decrease in inventory, with a balance of ¥94,803,028.18, mainly due to reduced coal stock[6] - The company recorded non-recurring gains of ¥262,994.33, primarily from fixed asset disposal and government subsidies[5] - The company appointed Huang Hui as the vice president, effective until the end of the eighth board term[16] Investment Activities - The company is investing approximately RMB 200 million in a 50MW photovoltaic power generation project, which includes a 5MW/5MWh energy storage system[15] - A distributed photovoltaic power generation project with a capacity of about 5MW has successfully connected to the grid, enhancing the company's power structure[15] Other Information - The first quarter report was not audited[43] - The company's cash flow from investment activities improved by 40.01%, with a net outflow of ¥226,401,426.37 compared to ¥377,381,630.30 in the previous year[6] - The company incurred sales expenses of 40,988.94 yuan, an increase from 31,679.24 yuan in the previous period[31] - Research and development expenses rose to 10,789,515.89 yuan, compared to 10,679,044.49 yuan in the previous period[31] - Financial expenses increased to 21,299,113.56 yuan, up from 20,036,917.12 yuan in the previous period[31] - The company reported investment income of 29,734,299.39 yuan, compared to 27,600,174.28 yuan in the previous period[31] - The basic and diluted earnings per share for the current period were both -0.0010, compared to 0.0277 in the previous period[35]

Financial Performance - The company's operating revenue for Q3 2021 was ¥636,971,253.35, a decrease of 8.92% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥84,969,843.17, representing a decline of 170.83% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥89,895,240.09, down 175.70% from the previous year[3]. - Operating profit for the current period was a loss of ¥12,193,748.53, compared to a profit of ¥360,100,249.24 in the previous period[32]. - Net profit for the current period was a loss of ¥7,882,387.18, down from a profit of ¥283,547,075.08 in the previous period[35]. - Basic and diluted earnings per share for the current period were both -0.0088, compared to 0.2902 in the previous period[35]. Assets and Liabilities - The total assets at the end of the reporting period were ¥9,242,060,668.47, an increase of 15.69% compared to the end of the previous year[3]. - The company's total assets reached RMB 9,242,060,668.47, compared to RMB 7,988,556,189.10 in the previous period, indicating a growth of approximately 15.7%[23]. - The total liabilities increased to RMB 4,295,428,599.77 from RMB 2,953,223,957.22, reflecting a rise of about 45.2%[27]. - The company's long-term borrowings rose significantly to RMB 1,843,188,556.19 from RMB 665,334,767.77, marking an increase of approximately 176.5%[27]. - The total non-current assets amounted to RMB 7,637,432,164.29, up from RMB 6,422,116,166.10, indicating an increase of approximately 18.9%[23]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥317,867,232.64, an increase of 114.77% year-on-year[3]. - Cash inflow from sales of goods and services was ¥2,477,862,214.11, up from ¥1,806,651,839.31 in the previous period[39]. - Total cash outflow from operating activities was ¥2,179,938,611.46, compared to ¥1,679,728,068.58 in the previous period[39]. - Net cash flow from investing activities was -$1,234,706,596.18, indicating a significant outflow compared to the previous period's outflow of -$156,769,394.46[42]. - Total cash inflow from financing activities reached $3,182,534,555.55, a substantial increase from $1,736,826,278.70 in the prior period[42]. - Net cash flow from financing activities was $1,125,726,140.45, contrasting with a negative cash flow of -$78,053,922.91 in the previous period[42]. - The ending balance of cash and cash equivalents was $736,971,750.88, up from $130,976,796.42 at the end of the previous period[42]. - Cash received from borrowings amounted to $3,165,784,555.55, significantly higher than $1,217,476,278.70 in the previous period[42]. - Cash paid for debt repayment was $1,870,545,036.00, compared to $1,656,800,000.00 in the prior period[42]. Operational Highlights - The company's gross profit margin decreased significantly due to rising coal prices, leading to an increase in operating costs by 40.34% to ¥1,901,291,902.38[9]. - The investment income increased by 52.82% to ¥81,579,105.01, primarily due to higher returns from associated companies[9]. - The company reported a decrease in accounts receivable by 45.86% to ¥191,605,716.39, indicating improved cash collection efficiency[6]. - The company generated 554,204 million kWh of electricity during the reporting period, a year-on-year increase of 7.02%[14]. - The average comprehensive benchmark coal price for the company's thermal power plants increased by 34.27% year-on-year, with coal costs rising by 45.68%[14]. - The company reported a loss during the reporting period due to increased generation costs driven by rising fuel prices[14]. - The company is actively promoting the development of new energy projects to transition towards green and low-carbon energy[14]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 39,615, with the top ten shareholders holding a significant portion of shares[10]. - Jiangxi Investment Group Co., Ltd. holds 39.72% of the shares, while State Power Investment Corporation holds 33.72%[10]. Project Development - The company is advancing the construction of the Fengdian Phase III project, with significant progress on multiple construction milestones as of September 30, 2021[16]. - The company has received a notice from the Jiangxi Provincial Energy Bureau regarding the adjustment of coal-fired power market trading prices, which will not exceed a 20% fluctuation range[15]. Other Financial Information - The company issued two short-term financing bonds during the reporting period, with a total balance of RMB 40 million and interest rates of 3.37% and 3.00% respectively[19]. - The company's cash and cash equivalents stood at RMB 737,221,800.88, compared to RMB 528,335,023.97 in the previous period, showing an increase of approximately 39.5%[20]. - The company's retained earnings decreased to RMB 1,091,863,065.02 from RMB 1,198,039,630.77, a decline of about 8.9%[27]. - The third quarter report was not audited, indicating that the financial figures may be subject to further review[46]. - The company reported no impact from foreign exchange fluctuations on cash and cash equivalents[42].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,374,294,770.36, representing an increase of 18.63% compared to CNY 1,158,486,024.54 in the same period last year[27]. - The net profit attributable to shareholders of the listed company decreased by 53.19% to CNY 76,361,053.42 from CNY 163,134,262.53 year-on-year[27]. - The net profit after deducting non-recurring gains and losses was CNY 75,302,346.57, down 52.44% from CNY 158,319,532.44 in the previous year[27]. - The net cash flow from operating activities was CNY 166,531,117.00, a decrease of 32.44% compared to CNY 246,496,608.54 in the same period last year[27]. - Basic earnings per share were CNY 0.0783, down 53.17% from CNY 0.1672 in the previous year[27]. - The company's operating revenue for the reporting period was ¥1,374,294,770.36, representing an increase of 18.63% compared to ¥1,158,486,024.54 in the same period last year[50]. - Operating costs rose to ¥1,225,156,599.64, a significant increase of 44.82% from ¥845,964,754.01, primarily due to rising coal prices[50]. - The net cash flow from operating activities decreased by 32.44% to ¥166,531,117.00, down from ¥246,496,608.54, mainly due to increased cash payments for fuel purchases[50]. - The company reported a significant reduction in income tax expenses by 93.12% to ¥3,419,924.41, down from ¥49,712,524.38, due to a decrease in profits and tax benefits from high-tech enterprise status[50]. Assets and Investments - Total assets at the end of the reporting period were CNY 8,806,853,546.37, an increase of 10.24% from CNY 7,988,556,189.10 at the end of the previous year[27]. - The net assets attributable to shareholders of the listed company decreased by 0.42% to CNY 4,980,553,785.29 from CNY 5,001,643,242.69 at the end of the previous year[27]. - The company's total assets at the end of the reporting period amounted to ¥8,805,000,000, with cash and cash equivalents increasing to ¥636,640,323.80, representing 7.23% of total assets[60]. - The total investment amount for the reporting period reached ¥783,937,701.99, a significant increase of 594.06% compared to ¥112,949,832.31 in the same period last year[65]. - The company reported a net investment loss of ¥333,086.13 from its investment in Jiangxi Ganeng Energy Service Co., Ltd.[71]. Power Generation and Capacity - The company's total power generation reached 379,567.60 million kWh, an increase of 17.33% year-on-year[42]. - The total installed capacity of the company as of June 30, 2021, was 1,573.4 MW, an increase of 3.81% year-on-year[42]. - The company's market-based electricity trading volume was 223,931.34 million kWh, an increase of 21.24% year-on-year[42]. - The company's coal-fired power generation was 362,578.80 million kWh, a year-on-year increase of 18.16%[43]. - The company's hydropower generation was 14,694.07 million kWh, a decrease of 11.25% year-on-year[43]. Research and Development - The company has successfully obtained 2 invention patents and 15 utility model patents, enhancing its technological innovation capabilities[45]. - Research and development expenses slightly decreased by 3.99% to ¥27,422,733.65 from ¥28,562,687.83[50]. Environmental and Social Responsibility - The company has maintained zero new poverty households in the first half of the year, ensuring stable employment and family income for previously impoverished households[113]. - The company has established a comprehensive record for 74 poverty alleviation households, which have been transferred for standardized organization[113]. - The company has been actively involved in pandemic prevention efforts, including monitoring returnees and promoting vaccination among villagers[113]. - The company has engaged in discussions with local leaders to establish a framework agreement for county-wide new energy development[113]. Financial Management and Risks - The company faced risks from the coal market due to COVID-19 and "dual carbon" requirements, leading to increased coal prices and pressure on net profit[94]. - The company plans to strengthen cost control and optimize fund management to mitigate risks from the coal market[94]. - The company is actively participating in the national carbon emissions trading market, with its Fencheng Phase II power plant among the first 2,225 enterprises to participate[95]. - The company aims to enhance carbon asset management to reduce compliance costs and maximize carbon asset value[95]. Shareholder Information - The company reported a total of 975,677,760 shares outstanding, with 100% being unrestricted shares[186]. - The largest shareholder, Jiangxi Provincial Investment Group Co., Ltd., holds 39.72% of the shares, totaling 387,495,562 shares[190]. - The second largest shareholder, Guotou Electric Power Holdings Co., Ltd., holds 33.72% of the shares, totaling 329,000,000 shares[190]. - The company has 43,309 common shareholders as of the end of the reporting period[190]. - The company did not implement any share buybacks during the reporting period[189]. Related Transactions - The company engaged in related transactions, including coal procurement from a related party, with a transaction amount of 0 million yuan, accounting for 0.00% of similar transactions[139]. - The company has engaged in related transactions with Jiangxi Coal Industry Group Co., Ltd. for coal procurement, amounting to 16,839.77 million CNY, which represents 17.37% of the total related transactions[145]. - The company has confirmed that all related transactions are conducted at market prices and are fair and reasonable, ensuring no harm to the interests of the company and minority shareholders[158].

证券代码：000899 证券简称：赣能股份 公告编号：2021-42 江西赣能股份有限公司 关于参加江西辖区上市公司 2021 年投资者集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 为便于广大投资者更深入全面地了解公司情况、发展战略、经营状况、可持 续发展等投资者所关心的问题，江西赣能股份有限公司（以下简称"公司"）定 于 2021 年 5 月 14 日下午 15:00-17:00 参加由江西省上市公司协会联合深圳市全 景网络有限公司举办的主题为"心系投资者 携手高质量发展"江西上市公司 2021 年投资者集体接待日活动。现将有关事项公告如下： 本次集体接待日网上交流网址：投资者可以登录 http://rs.p5w.net 进入专区页 面参与交流。 出席本次集体接待日的人员有：公司董事、总经理叶荣先生，副总经理王宏 革先生，副总经理、董事会秘书曹宇先生。 欢迎广大投资者积极参与。 特此公告。 江西赣能股份有限公司董事会 2021 年 5 月 10 日 ...

江西赣能股份有限公司 2021 年第一季度报告全文 江西赣能股份有限公司 2021 年第一季度报告 2021-39 2021 年 04 月 1 江西赣能股份有限公司 2021 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人陈万波、主管会计工作负责人王宏革及会计机构负责人(会计主 管人员)张新卫声明：保证季度报告中财务报表的真实、准确、完整。 2 江西赣能股份有限公司 2021 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|---------------|----------|------------------------------------------| | □ 是 √ 否 | 本 ...