Financial Performance - Net profit attributable to shareholders increased by 27.06% to CNY 119,959,313.26 for the reporting period[10] - Operating revenue decreased by 0.96% to CNY 699,316,922.63 compared to the same period last year[10] - Basic earnings per share increased by 26.96% to CNY 0.1229[10] - The company reported a net profit of CNY 28,309.36 million, an increase of 6% compared to the same period last year[26] - Operating revenue for the period was CNY 185,780.29 million, a decrease of 5.53% year-on-year[26] - Net profit for the period was CNY 120,711,503.54, compared to CNY 94,076,534.04 in the previous period, representing a significant increase[71] - The net profit attributable to the parent company is ¥282,520,563.89, slightly up from ¥281,988,609.47, reflecting a growth of 0.19%[96] Assets and Liabilities - Total assets at the end of the reporting period increased by 2.51% to CNY 7,536,342,946.18 compared to the end of the previous year[10] - The company's total assets increased to CNY 7,491,251,242.87 from CNY 7,338,531,060.11[63] - The total assets as of September 30, 2020, were CNY 753,634.29 million, with a net asset attributable to shareholders of CNY 496,876.09 million[28] - The company's total liabilities were CNY 2,533,649,889.78, a slight decrease from CNY 2,555,557,556.45, showing a reduction of approximately 0.85%[53] - Total liabilities decreased slightly to CNY 2,522,868,858.00 from CNY 2,555,101,463.13[63] - Current liabilities total 1,980,433,701.17 CNY, with short-term borrowings at 1,516,740,912.51 CNY and accounts payable at 188,382,392.01 CNY[116] Cash Flow - The net cash flow from operating activities showed a significant decline of 165.76%, amounting to -CNY 98,496,351.20[10] - The company's cash flow from operating activities decreased by 68.54%, amounting to CNY 148,000,257.34[25] - Cash flow from operating activities is ¥148,000,257.34, significantly down from ¥470,512,443.49 in the previous period, indicating a decline of 68.6%[99] - Total cash inflow from operating activities was 1,821,991,692.09, a decrease of 15.1% compared to 2,145,323,093.75 in the previous period[106] Shareholder Information - The total number of shareholders at the end of the reporting period was 32,547[14] - The largest shareholder, Jiangxi Investment Group Co., Ltd., holds 39.72% of the shares[14] - The company did not engage in any repurchase transactions during the reporting period[21] Research and Development - Research and development expenses for the period were CNY 56,681,764.34, reflecting new investments in the Fengdian Phase II project[25] - Research and development expenses for the current period amount to ¥56,681,764.34, highlighting the company's commitment to innovation[83] Investment and Income - The company reported an increase in investment income to CNY 33,129,087.51 from CNY 27,394,164.07, indicating improved returns on investments[68] - Investment income for the current period is ¥53,381,346.63, down from ¥80,370,346.20 in the previous period, suggesting challenges in investment performance[86] Financial Management - The company received government subsidies amounting to CNY 622,701.97 during the reporting period[12] - Financial expenses decreased to ¥66,591,592.85 from ¥77,799,082.70 in the previous period, indicating better financial management[86] - The company plans to use up to CNY 100,000,000 of idle raised funds for cash management, authorized for a period of 12 months[28] Other Financial Metrics - The weighted average return on net assets was 2.44%, up from 0.45% in the previous year[10] - The company's retained earnings increased to CNY 1,196,729,626.63 from CNY 1,011,203,826.84, reflecting a growth of about 18.33%[56] - The company has reported a significant increase in other income to ¥651,461.37 from ¥222,657.95, a growth of 192.4%[93]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,158,486,024.54, a decrease of 8.09% compared to CNY 1,260,394,068.50 in the same period last year[23]. - Net profit attributable to shareholders was CNY 163,134,262.53, down 12.84% from CNY 187,157,277.63 year-on-year[23]. - The net cash flow from operating activities decreased by 23.14% to CNY 246,496,608.54, compared to CNY 320,727,492.76 in the previous year[23]. - Basic earnings per share were CNY 0.1672, reflecting a decline of 12.83% from CNY 0.1918 in the same period last year[23]. - The total power generation for the reporting period was 323,499 million kWh, a decrease of 8.88% year-on-year[40]. - Operating revenue for the period was CNY 189,680,325.83, with an operating profit of CNY 75,997,860.57 and a net profit of CNY 54,881,803.71[70]. - The company achieved operating revenue of 1,158,486,024.54 yuan, down 8.09% compared to the same period last year[41]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,506,602,344.44, an increase of 2.11% from CNY 7,351,571,313.77 at the end of the previous year[23]. - Net assets attributable to shareholders increased by 1.37% to CNY 4,848,801,596.72 from CNY 4,783,235,110.19 at the end of the previous year[23]. - The total assets as of June 30, 2020, amounted to 750,660.23 million yuan, with a debt ratio of 34.96%[40]. - Total liabilities increased to CNY 2,624,620,791.58 from CNY 2,555,557,556.45, representing a growth of approximately 2.6%[187]. - Current liabilities decreased to approximately CNY 1.22 billion from CNY 1.52 billion, a reduction of about 19.6%[186]. - Non-current liabilities rose significantly to CNY 1,074,845,946.88 from CNY 575,123,855.28, marking an increase of approximately 86.7%[187]. Investments and Expenditures - Research and development expenses for the period were 28,562,687.83 yuan, primarily related to the second phase of the Fengdian project[41]. - The company reported a total investment of ¥112,949,832.31 for the period, a decrease of 55.71% compared to ¥255,037,925.16 in the same period last year[54]. - The company has ongoing investments in the Fengcheng Phase III expansion project, with a total investment of ¥83,649,832.31, currently at 23.54% completion[60]. - The company made a significant equity investment of ¥15,300,000.00 in Jiangxi Gan Energy Service Co., holding a 51% stake[54]. Cash Flow and Financial Management - The company’s cash and cash equivalents increased by 117.01% to 148,520,853.45 yuan, mainly due to increased borrowings[41]. - The company reported a total of 40,500,000 RMB in entrusted financial management, with an outstanding balance of 24,000,000 RMB[118]. - The company has no overdue or unrecovered amounts in its entrusted financial management[118]. - The company has not engaged in any securities or derivative investments during the reporting period[64][65]. Legal and Regulatory Matters - The company is involved in ongoing litigation related to contract disputes, with claims amounting to CNY 5,224.74 million and CNY 679.26 million[82]. - The company is also pursuing arbitration regarding a dispute with China Gezhouba Group, with a claim amount of CNY 345.64 million[86]. - The company has initiated legal proceedings against Yonyou Network Technology Co., Ltd. for a technical contract dispute, with a claim amount of CNY 300 million[86]. Environmental and Social Responsibility - The company’s pollution prevention facilities are operating normally, with emissions meeting the ultra-low standards required by national regulations[127]. - The main pollutants from the Fencheng Phase II Power Plant include particulate matter, sulfur dioxide, and nitrogen oxides, with total emissions of 26.217 tons, 255.101 tons, and 398.674 tons respectively[126]. - The company is committed to poverty alleviation, with a focus on infrastructure improvement and support for local farmers, planning to allocate over 800,000 yuan for assistance throughout the year[133]. - The company has achieved 100% employment for previously impoverished households, ensuring stable economic income during the pandemic[132]. Shareholder Information - The total number of shares before the change was 975,677,760, and after the change, it remains 975,677,760, indicating no net change in total shares[144]. - The largest shareholder, Jiangxi Provincial Investment Group Co., Ltd., holds 39.72% of the shares, totaling 387,495,562 shares, with 153,400,000 shares frozen[149]. - The second largest shareholder, State Power Investment Corporation, holds 33.72% of the shares, totaling 329,000,000 shares[149]. - The company has not issued any new shares or conducted any share buybacks during the reporting period[144]. Operational Efficiency and Risk Management - The company faces risks due to over-reliance on a single power plant for revenue, which is affected by the ongoing pandemic and electricity demand fluctuations[71]. - The company plans to enhance maintenance and management of its facilities to improve operational efficiency and mitigate risks[72]. - The company aims to expand its asset scale and improve its asset structure to strengthen its risk resistance capabilities[72].

证券代码：000899 证券简称：赣能股份 公告编号：2020-67 江西赣能股份有限公司 关于参加江西辖区上市公司 2020 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 2020 年 7 月 17 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"以高质量沟通，促高质量发展"江西上市公司 2020 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：公司董事长陈万波先生，副总经理、董事会 秘书曹宇先生，财务部经理张新卫先生及证券部经理、证券事务代表李洁女士。 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 2020 年 7 月 14 日 ...

Financial Performance - The company's operating revenue for Q1 2020 was ¥541,277,387.31, a decrease of 16.94% compared to the same period last year[10]. - The net profit attributable to shareholders was ¥58,553,387.36, down 31.02% year-on-year[10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥55,989,468.64, a decline of 33.24% compared to the previous year[10]. - Basic earnings per share were ¥0.0600, down 31.03% year-on-year[10]. - Total revenue decreased by 16.94% to ¥541,277,387.31 from ¥651,643,761.95, primarily due to a reduction in electricity sales[25]. - Operating profit declined by 26.62% to ¥77,789,983.33 from ¥106,007,222.43, attributed to decreased electricity sales and investment income[25]. - The net profit for the current period is CNY 58,965,490.01, compared to CNY 84,886,630.48 in the previous period, reflecting a decline of about 30.6%[73]. - The total profit for the current period is CNY 77,899,694.14, down from CNY 105,898,250.72, reflecting a decline of approximately 26.4%[73]. - Total comprehensive income for the period was CNY 58,965,490.01, compared to CNY 84,886,630.48 in the previous period, indicating a decrease[76]. Cash Flow - The net cash flow from operating activities was ¥69,694,113.05, representing a significant drop of 68.90% from the same period last year[10]. - Net cash flow from operating activities fell by 68.90% to ¥69,694,113.05 from ¥224,066,328.66, mainly due to reduced cash receipts from sales[25]. - Cash inflow from sales of goods and services was CNY 532,119,225.27, compared to CNY 727,766,082.88 in the previous period, reflecting a decrease of about 26.8%[77]. - Total cash outflow from operating activities was CNY 471,116,428.52, down from CNY 510,008,483.59 in the previous period, showing a reduction of approximately 7.6%[79]. - Cash inflow from investment activities totaled CNY 616,417,769.20, an increase from CNY 499,556,593.72 in the previous period, marking a growth of approximately 23.4%[79]. - Net cash flow from investment activities was CNY 269,049,118.37, a recovery from a negative CNY 732,554,272.90 in the previous period[79]. - Cash flow from financing activities resulted in a net outflow of CNY 8,323,478.48, an improvement from a larger outflow of CNY 228,929,825.83 in the previous period[79]. - The ending balance of cash and cash equivalents was CNY 548,219,609.39, up from CNY 429,012,719.46 in the previous period, indicating an increase of approximately 27.8%[83]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,384,518,255.18, an increase of 0.45% from the end of the previous year[10]. - The total liabilities amounted to CNY 2,528,370,185.32, slightly down from CNY 2,555,101,463.13 year-over-year[60]. - Current assets totaled CNY 1,305,728,106.93, an increase from CNY 1,239,681,220.88 in the previous year[54]. - Long-term borrowings increased to CNY 701,767,165.28 from CNY 573,588,079.16, reflecting a growth of approximately 22%[60]. - The total equity attributable to shareholders reached CNY 4,842,395,086.99, up from CNY 4,783,429,596.98, indicating a growth of about 1.2%[60]. - The total amount of short-term borrowings was CNY 1,516,740,912.51, indicating significant leverage[91]. - The company's total liabilities reached CNY 2,555,557,556.45, with current liabilities at CNY 1,980,433,701.17[91]. Investments and Income - The company reported investment income of ¥3,683,548.73 from financial products purchased[10]. - Investment income for the current period is CNY 5,839,819.53, significantly lower than CNY 23,220,714.32 from the previous period, marking a decline of about 74.9%[70]. - The company received government subsidies amounting to ¥243,305.70 during the reporting period[10]. - The company's undistributed profits rose to CNY 1,070,363,803.64 from CNY 1,011,398,313.63, an increase of approximately 5.8%[60]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,169[14]. - The company has no overdue commitments from major shareholders or related parties during the reporting period[30]. - The total owner's equity attributable to the parent company was CNY 4,783,235,110.19[94]. Operational Updates - The company is progressing with the expansion project of the Jiangxi Fengcheng Power Plant, which was officially resumed in March 2020[26]. - There were no significant securities investments or derivative investments during the reporting period[31][34]. Miscellaneous - The first quarter report for 2020 was not audited, which may affect the reliability of the financial data presented[98]. - The company has not made any adjustments to the financial statements for the new revenue and leasing standards[97].

Financial Performance - The company's operating revenue for 2019 was CNY 2,670,327,894.24, representing a 4.00% increase from CNY 2,567,638,500.78 in 2018[24]. - The net profit attributable to shareholders of the listed company was CNY 243,234,380.58, an increase of 29.03% compared to CNY 188,503,330.99 in the previous year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 251,343,704.66, up 46.12% from CNY 172,013,056.69 in 2018[24]. - The basic earnings per share for 2019 was CNY 0.25, a 31.58% increase from CNY 0.19 in 2018[24]. - The total revenue from operating activities increased by 2.17% to ¥2,776,380,737.32 in 2019 from ¥2,717,461,623.11 in 2018[68]. - The company's financial expenses decreased by 8.21% to ¥101,406,151.66 in 2019 from ¥110,477,916.52 in 2018 due to a reduction in loan principal[67]. - The company reported a total sales volume of 715,531.07 million kWh in 2019, a 1.26% increase from 706,623.83 million kWh in 2018[57]. - The company’s net profit from Dongjin Power was insufficient to cover previous cumulative losses, resulting in no distributable profits for 2019[185]. Assets and Liabilities - The total assets at the end of 2019 were CNY 7,351,571,313.77, a decrease of 3.01% from CNY 7,579,889,157.29 at the end of 2018[24]. - The company's long-term equity investments increased by 17.37% to ¥1,370,536,523.17, accounting for 18.64% of total assets[75]. - The company's total liabilities decreased by 2.09% in the short-term borrowings category, amounting to ¥1,516,740,912.51[75]. Cash Flow - The net cash flow from operating activities was CNY 349,307,113.55, reflecting a 13.51% increase from CNY 307,731,542.72 in 2018[24]. - The company’s cash flow from operating activities for Q1 was 224 million yuan, while Q2 was 96.66 million yuan[29]. - The net cash flow from investing activities showed a significant decline of 209.22%, resulting in a net outflow of ¥794,067,961.47 in 2019 compared to a net inflow of ¥727,045,428.87 in 2018[68]. - The total cash and cash equivalents decreased by 194.80%, with a net decrease of ¥948,630,633.08 in 2019 compared to an increase of ¥1,000,630,487.44 in 2018[68]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of CNY 1 per 10 shares, totaling CNY 97,567,776[7]. - The cash dividend for 2019 represents 40.11% of the net profit attributable to ordinary shareholders, with a total net profit of 243,234,380.58 yuan[130]. - The company has a policy that mandates a minimum cash dividend of 10% of the distributable profit for the current year and a cumulative cash distribution of at least 30% of the average annual distributable profit over the last three years[130]. - The company has committed to ensuring that cash dividends represent a minimum of 40% of profit distribution during its mature development stage[130]. Business Operations - The total power generation for the year was 7.513 billion kWh[44]. - The electricity segment accounted for CNY 2,629,238,626.43, or 98.46% of total revenue, with a year-on-year growth of 3.80%[52]. - The company is actively transitioning towards a comprehensive energy service provider, focusing on electricity marketing and energy services[45]. - The company’s water power plants achieved a utilization rate of 126.32% for the year[44]. Safety and Risk Management - The company has conducted 41 safety inspections and training sessions, enhancing risk control and safety culture[44]. - The company plans to enhance its safety management level and risk control measures, focusing on improving emergency management capabilities and standardizing production safety[115]. Investments and Projects - The company made a significant equity investment of ¥10,200,000.00 in Jiangxi Gan Energy Service Co., holding a 51% stake, with normal operational progress reported[79]. - The company has invested ¥41,654.83 in the Fengcheng Power Plant Phase III expansion project, achieving an investment progress of 85.56%[93]. - The company is currently executing contracts related to the expansion of the Fengcheng Power Plant, with a total project value of approximately 298,496,000 RMB[198]. Corporate Governance - The company has established a complete decision-making process for profit distribution, requiring independent directors to provide independent opinions on dividend proposals[130]. - The company is committed to optimizing its governance structure and enhancing employee motivation through reforms, including performance assessments and competitive compensation[115]. - The audit firm Tianjian Certified Public Accountants has been retained for 8 consecutive years, with an audit fee of 800,000 RMB for the current period[157]. Related Party Transactions - The company engaged in related party transactions, including coal procurement from Jiangxi Investment Logistics Co., Ltd., amounting to 12.0134 million RMB, representing 0.62% of similar transactions[169]. - The company reported a total of 1,201.34 million CNY in related party transactions for coal procurement, with an actual amount of 228.97 million CNY occurring during the reporting period[175]. - The total related party transactions for coal procurement with Jiangxi Coal Industry Group were expected to be 4,842.7 million CNY, with an actual amount of 3,168.18 million CNY[179]. Legal and Compliance - There are ongoing litigation matters involving Jiangxi Ganneng, with a total amount in dispute of 52.2474 million RMB related to a contract dispute with Jiangsu Mingjiang Engineering Co., Ltd.[159]. - The company has not faced any bankruptcy reorganization or delisting issues during the reporting period[158]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[151].

江西赣能股份有限公司 2019 年第三季度报告全文 江西赣能股份有限公司 2019 年第三季度报告 2019-92 2019 年 10 月 1 江西赣能股份有限公司 2019 年第三季度报告全文 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 2019 年第三季度报告全文 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 | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------------------------------------------------- ...

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 1,260,394,068.50, representing a 5.46% increase compared to CNY 1,195,108,700.93 in the same period last year[22]. - The net profit attributable to shareholders of the listed company reached CNY 187,157,277.63, an increase of 88.42% from CNY 99,328,264.92 year-on-year[22]. - The net profit after deducting non-recurring gains and losses was CNY 180,198,911.02, up 97.51% from CNY 91,234,390.09 in the previous year[22]. - The basic earnings per share increased to CNY 0.1918, reflecting an 88.41% growth compared to CNY 0.1018 in the same period last year[22]. - The total power generation for the first half of 2019 was 3,550,110,000 kWh, an increase of 2.66% year-on-year[37]. - Operating revenue reached RMB 1,260,394,068.50, up 5.46% compared to the same period last year, primarily due to increased electricity sales[38]. - Net profit for the period was RMB 187,157,300, representing an increase of 88.42% year-on-year[37]. - Operating costs decreased by 5.96% to RMB 984,160,748.12, mainly due to reduced fuel costs[38]. - The net cash flow from operating activities was RMB 320,727,492.76, a 10.61% increase year-on-year, driven by higher electricity sales revenue[38]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 7,334,647,556.54, a decrease of 3.24% from CNY 7,579,889,157.29 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company were CNY 4,727,158,007.24, showing a 1.50% increase from CNY 4,657,082,060.81 at the end of the previous year[22]. - The debt-to-asset ratio stood at 35.42%, with total liabilities of RMB 259,769,030[37]. - Cash and cash equivalents decreased significantly by 563.74% to RMB -873,215,634.70, mainly due to increased investment and loan repayments[41]. Investments and Projects - The total investment amount for the reporting period reached ¥255,037,925.16, a significant increase of 554.29% compared to ¥38,979,636.48 in the same period last year[51]. - The ongoing project "Fengdian Phase III Expansion" has an investment of ¥246,046,000.00, with a cumulative actual investment of ¥1,459,710.00, but is currently suspended due to a significant accident[55]. - The company made a major equity investment of ¥10,200,000.00 in Jiangxi Gan Energy Service Co., holding a 51% stake, with an expected return of 0.00[51]. - The company is in the process of developing new projects and expanding its market presence through strategic partnerships[116]. Shareholder Information - The total number of shares increased to 975,677,760 after a non-public offering of 32.9 million shares at a price of 6.56 yuan per share[160]. - Jiangxi Provincial Investment Group increased its stake by acquiring 9,645,813 shares, representing 0.99% of the total share capital, bringing its total holdings to 387,495,562 shares, or 39.72%[167]. - The total number of shareholders holding more than 5% of the shares includes Jiangxi Provincial Investment Group with 39.72% and Guotou Electric Holding Co., Ltd. with 33.72%[167]. - The total number of ordinary shareholders at the end of the reporting period was 37,784[167]. Legal and Compliance Issues - The company is involved in a significant lawsuit with Jiangsu Mingjiang Engineering Co., Ltd. regarding a contract dispute, with the amount in question being 52.2474 million yuan[93]. - The company has a pending arbitration case with China Gezhouba Group Sixth Engineering Co., Ltd. concerning obligations related to the Baizi Stone Hydropower Station, with a disputed amount of 3.5234 million yuan[97]. - The company has not conducted any bankruptcy reorganization during the reporting period[92]. - The semi-annual financial report has not been audited[91]. Environmental and Social Responsibility - The company has established an emergency response mechanism for environmental incidents, led by the general manager, to ensure effective prevention and handling of environmental risks[137]. - The company has developed an annual self-monitoring plan for emissions, ensuring real-time monitoring of pollutants at major discharge points[138]. - The company invested a total of 41.11 million yuan in poverty alleviation efforts, helping 315 registered impoverished individuals to escape poverty[147]. - The company allocated 30.19 million yuan specifically for agricultural and forestry industry poverty alleviation projects, benefiting the same 315 individuals[147]. Corporate Governance - The board of directors and senior management underwent a re-election process on April 17, 2019, with several new appointments made[185]. - The controlling shareholder committed to not reducing their stake in the company for 36 months following the non-public issuance of shares, which ended on November 9, 2015[69]. - The company has not engaged in any securities or derivative investments during the reporting period[58][59].

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 1,260,394,068.50, representing a 5.46% increase compared to CNY 1,195,108,700.93 in the same period last year[23]. - The net profit attributable to shareholders of the listed company reached CNY 187,157,277.63, an increase of 88.42% from CNY 99,328,264.92 year-on-year[23]. - The net profit after deducting non-recurring gains and losses was CNY 180,198,911.02, up 97.51% from CNY 91,234,390.09 in the previous year[23]. - The net cash flow from operating activities was CNY 320,727,492.76, reflecting a 10.61% increase compared to CNY 289,972,148.30 in the same period last year[23]. - The basic earnings per share increased to CNY 0.1918, an 88.41% rise from CNY 0.1018 in the previous year[23]. - Operating revenue reached RMB 1,260,394,068.50, up 5.46% compared to the same period last year, primarily due to increased electricity sales[39]. - Net profit for the period was RMB 18,715,700, reflecting an impressive increase of 88.42% year-on-year[38]. - The company's operating cash flow net amount was RMB 320,727,492.76, a rise of 10.61% year-on-year, driven by increased electricity sales revenue[39]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,334,647,556.54, a decrease of 3.24% from CNY 7,579,889,157.29 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company were CNY 4,727,158,007.24, showing a 1.50% increase from CNY 4,657,082,060.81 at the end of the previous year[23]. - The debt-to-asset ratio stood at 35.42%, indicating a stable financial structure[38]. - Cash and cash equivalents decreased by RMB 873,215,634.70, a decline of 563.74% due to increased investments and loan repayments[41]. - The company reported a significant increase in long-term equity investments, totaling RMB 1,332,636,324.20, which represented 18.17% of total assets[49]. Investments - The total investment amount for the reporting period was ¥255,037,925.16, a significant increase of 554.29% compared to ¥38,979,636.48 in the same period last year[54]. - The company made a new equity investment of ¥10,200,000.00 in Jiangxi Gan Energy Service Co., holding a 51% stake, with an expected return of ¥0.00 and a current investment loss of -¥1,573.3[54]. - The ongoing major non-equity investment project, the Fengdian Phase III expansion, has an actual investment of ¥1,459,710,970.29, with a current progress of 19.78%[58]. - The total investment in the Fengdian Phase III expansion project was ¥246,046,722.49 during the reporting period, with no revenue realized yet[58]. Operational Overview - The company operates one thermal power plant and two hydropower plants, with a total installed capacity of 1,500,000 kW[29]. - The on-grid electricity price for the thermal power plant is CNY 0.4143 per kWh, while the hydropower plants have an on-grid price of CNY 0.4056 per kWh[29]. - The total electricity generation for the first half of 2019 was 3,550,110,000 kWh, an increase of 2.66% year-on-year[38]. - The gross profit margin for the electricity segment was 20.70%, with a year-on-year increase of 9.12%[42]. Shareholder Information - The total share capital increased from 646,677,760 shares to 975,677,760 shares following a non-public issuance of 32,900,000 shares at a price of 6.56 RMB per share[164]. - The controlling shareholder, Jiangtou Group, completed the purchase of 9,645,813 shares, representing 0.99% of the total share capital, as part of a share buyback plan[166]. - Jiangtou Group currently holds 387,495,562 shares, accounting for 39.72% of the total share capital[166]. - The total number of ordinary shareholders at the end of the reporting period was 37,784, with a significant concentration of shares held by major shareholders[171]. - Jiangxi Investment Group Co., Ltd. holds 39.72% of the shares, amounting to 387,495,562 ordinary shares, with a decrease of 7,324,705 shares during the reporting period[171]. - Guotou Electric Power Holdings Co., Ltd. holds 33.72% of the shares, totaling 329,000,000 ordinary shares, with no change during the reporting period[171]. Corporate Governance and Compliance - The company has fulfilled its commitment regarding shareholding plans, ensuring no reduction in holdings for 36 months post the non-public offering[75]. - The half-year financial report has not been audited[97]. - There were no bankruptcy reorganization matters during the reporting period[98]. - The company reported no penalties or rectification measures during the reporting period[104]. - The integrity status of the company and its controlling shareholders is good, with no significant debts or unfulfilled court judgments[105]. Environmental and Social Responsibility - The company reported a total investment of 41.11 million yuan in poverty alleviation efforts, helping 315 registered impoverished individuals to escape poverty[151]. - In the industrial development poverty alleviation projects, the company invested 30.19 million yuan, specifically targeting agricultural and forestry industries[151]. - The company organized two large-scale visits to all village households and held multiple policy briefing sessions to enhance awareness of poverty alleviation policies among villagers[148]. - The company has developed a long-term mechanism for industrial development to support poverty alleviation, focusing on sustainable growth and community engagement[150]. - The company has improved the drinking water sources for villagers, ensuring better access to clean water[150]. Legal Matters - The company is involved in a significant lawsuit with Jiangsu Mingjiang Engineering Co., Ltd., with a disputed amount of 52.25 million yuan, which has not formed an expected liability[99]. - The company has a pending arbitration case with China Gezhouba Group Sixth Engineering Co., Ltd. regarding contract obligations, with a disputed amount of 3.52 million yuan[103]. Risk Management - The company is facing risks due to over-reliance on a single power plant for revenue, with ongoing efforts to expand capacity and improve asset structure[70]. - The company plans to enhance operational efficiency and cost control to mitigate risks from market competition and price negotiations in the electricity sector[70].

Financial Performance - The company's operating revenue for Q1 2019 was CNY 651,643,761.95, representing a 15.91% increase compared to CNY 562,181,613.41 in the same period last year[9] - Net profit attributable to shareholders for Q1 2019 reached CNY 84,886,630.48, a significant increase of 275.40% from CNY 22,612,045.57 in the previous year[9] - The net profit after deducting non-recurring gains and losses was CNY 83,872,363.18, up 286.77% from CNY 21,685,612.08 year-on-year[9] - Basic earnings per share for Q1 2019 were CNY 0.0870, a 275.00% increase compared to CNY 0.0232 in the previous year[9] - Operating profit surged by 357.71% to ¥106,007,222.43 from ¥23,160,153.30, attributed to higher electricity sales and lower coal unit costs[25] - Total operating revenue for the current period reached ¥651,643,761.95, an increase from ¥562,181,613.41 in the previous period, representing a growth of approximately 15.9%[51] - Net profit for the current period was ¥84,886,630.48, significantly higher than ¥22,612,045.57 in the previous period, reflecting an increase of approximately 275.5%[51] - The total comprehensive income for the period was 84,886,630.48 CNY, compared to 22,612,045.57 CNY in the previous period, indicating a significant increase[57] - Basic and diluted earnings per share for the current period were both 0.0870 CNY, up from 0.0232 CNY in the previous period[57] Cash Flow - The net cash flow from operating activities was CNY 224,066,328.66, reflecting a 16.13% increase from CNY 192,948,805.53 in the same quarter last year[9] - Cash inflow from operating activities was 727,766,082.88 CNY, a decrease from 753,057,098.66 CNY in the previous period[59] - Net cash flow from operating activities was 224,066,328.66 CNY, compared to 192,948,805.53 CNY in the previous period, showing an improvement[59] - Cash inflow from investment activities was 499,556,593.72 CNY, up from 401,580,926.89 CNY in the previous period[65] - Net cash flow from investment activities was -732,554,272.90 CNY, worsening from -316,171,196.74 CNY in the previous period[65] - Cash inflow from financing activities was 340,000,000.00 CNY, compared to 150,000,000.00 CNY in the previous period[65] - Net cash flow from financing activities was -228,929,825.83 CNY, compared to 22,103,980.51 CNY in the previous period[68] - The ending cash and cash equivalents balance was 429,012,719.46 CNY, up from 64,681,591.39 CNY in the previous period[68] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,445,819,930.40, a decrease of 1.77% from CNY 7,579,889,157.29 at the end of the previous year[9] - Total liabilities decreased to ¥2,703,851,239.11 from ¥2,922,807,096.48, representing a reduction of approximately 7.5%[50] - The company's equity attributable to shareholders increased to ¥4,741,968,691.29 from ¥4,657,082,060.81, marking an increase of about 1.8%[50] Shareholder Information - The top ten shareholders include Jiangxi Investment Group with a 39.36% stake and Guotou Electric Power Holding Co., Ltd. with a 33.72% stake[14] - The company reported no significant changes in shareholder relationships or agreements among the top ten shareholders during the reporting period[17] Other Financial Metrics - The weighted average return on net assets was 1.81%, an increase of 1.31% compared to 0.50% in the same period last year[9] - Cash and cash equivalents decreased by 63.22% to ¥429,012,719.46 from ¥1,166,430,489.53 due to the purchase of structured bank products using initial fundraising[25] - The company reported a 150.51% increase in taxes payable to ¥62,316,870.55 from ¥24,875,624.36, mainly due to increased corporate income tax and VAT[25] - The company has no significant non-operating fund occupation by controlling shareholders or related parties during the reporting period[30] - Research and development expenses were not specified, indicating a focus on innovation and potential new product development[54] - The company reported a significant increase in employee compensation liabilities, rising to ¥9,684,811.03 from ¥7,642,286.91, which is an increase of approximately 27%[47] - The company’s financial expenses totaled ¥27,055,056.85, slightly down from ¥27,361,960.81 in the previous period, indicating a decrease of about 1.1%[54] - The investment income for the current period was ¥23,220,714.32, down from ¥25,664,188.68 in the previous period, reflecting a decrease of approximately 9.5%[54] Project Updates - The company is actively working on the resumption of the Fengdian Phase III project, which is currently on hold, with one remaining support document pending[26] Audit Information - The report for the first quarter was not audited[69]

Financial Performance - The company's operating revenue for 2018 was CNY 2,567,638,500.78, an increase of 20.76% compared to CNY 2,126,267,944.86 in 2017[24] - The net profit attributable to shareholders of the listed company reached CNY 188,503,330.99, a significant increase of 1,045.91% from CNY 16,450,075.11 in the previous year[24] - The net profit after deducting non-recurring gains and losses was CNY 172,013,056.69, showing a slight increase of 2.49% compared to CNY 167,840,330.90 in 2017[24] - The basic earnings per share for 2018 was CNY 0.19, reflecting an increase of 850.00% from CNY 0.02 in 2017[24] - The total assets at the end of 2018 amounted to CNY 7,579,889,157.29, representing a growth of 3.56% from CNY 7,319,466,023.98 at the end of 2017[24] - The net assets attributable to shareholders of the listed company were CNY 4,657,082,060.81, an increase of 4.22% from CNY 4,468,578,729.82 in 2017[27] - The net cash flow from operating activities was CNY 307,731,542.72, a decrease of 20.07% compared to CNY 384,981,399.55 in the previous year[24] - The weighted average return on equity for 2018 was 4.13%, up from 0.36% in 2017[24] Operational Highlights - In 2018, the company achieved an operating income of CNY 2.568 billion and a net profit of CNY 189 million, exceeding the board's safety and operational targets[46] - The company reported a total power generation of 74.52 billion kWh in 2018, marking a historical high for the company[46] - The company’s cash and cash equivalents increased by 603.52% year-on-year, primarily due to the redemption of short-term principal-protected financial products worth CNY 720 million[38] - The company achieved a total market transaction electricity of 2.054 billion kWh in 2018, actively engaging in long-term contracts and monthly bidding transactions[48] - The electricity segment accounted for ¥2,533,064,600.89, which is 98.65% of total revenue, with a year-on-year growth of 20.60%[54] - The company produced 745,186.53 million kWh of electricity, marking an 18.05% increase in production volume year-on-year[57] Investment and Capital Management - The company made a significant equity investment of ¥5,200,000.00 in Jiangxi Nuclear Power Co., holding a 20% stake, with the project currently under construction[75] - The company also invested ¥56,000,000.00 in Jiangxi Wangxin Technology Investment Co., acquiring a 40% stake, although the project has not yet commenced[78] - The total investment in the Fengdian Phase III expansion project was ¥324,323,986.28, with a cumulative actual investment of ¥1,213,664,247.80, indicating a project progress of 16.44%[79] - The company reported a total of ¥2,788,000,000.00 in idle raised funds used for purchasing financial products in 2018, with a redemption of ¥3,705,000,000.00 for matured products[89] - The company has committed to resolving potential competition issues with Jiangxi Investment Group by December 31, 2020, ensuring compliance with regulatory requirements[129] Safety and Compliance - The company has not reported any safety incidents in 2018, indicating a continuous improvement in safety performance[46] - The company is focused on the resumption of the Fengdian Phase III project, which is currently under safety review following the "11.24" incident[47] - The company is committed to safety production and risk management, implementing a long-term safety production mechanism to prevent accidents[110] - The company faced an administrative penalty of 341,634.57 yuan due to violations in environmental pricing policies during 2016, which was ordered to be paid to the provincial treasury[169] Shareholder Returns - The company plans to distribute a cash dividend of CNY 1.20 per 10 shares to all shareholders[8] - The total cash dividend for 2018 accounts for 100% of the distributable profit of 909,393,664.20 CNY[125] - The company has maintained a consistent dividend policy, focusing on shareholder returns while balancing reinvestment needs[119] Market and Economic Outlook - The company anticipates stable growth in social electricity consumption in 2019, driven by industrial structure optimization and electricity substitution policies[106] - The company expects the coal supply-demand situation to remain loose, with coal prices likely returning to a reasonable range due to capacity elimination and environmental standards[106] - Ongoing electricity system reforms and industry restructuring are intensifying competition, potentially reducing the survival space for local power generation companies[107] Related Party Transactions and Governance - The company engaged in related party transactions amounting to 36.97 million yuan for coal procurement, which accounted for 2.07% of similar transaction amounts[177] - The company has a custody agreement with Jiangtou Group for 97.68% of East Jin Power's equity, with a management fee of 10% of distributable profits, effective from January 1, 2018, to December 31, 2018[183] - The company has confirmed that there were no significant accounting errors requiring restatement during the reporting period[155] - The company has not reported any overdue amounts from entrusted financial management[193]