江西赣能股份有限公司 2018 年第三季度报告正文 证券代码：000899 证券简称：赣能股份 公告编号：2018-94 江西赣能股份有限公司 2018 年第三季度报告正文 1 所有董事均已出席了审议本次季报的董事会会议。 公司董事长揭小健、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 2018 年第三季度报告正文 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 江西赣能股份有限公司 2018 年第三季度报告正文 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。 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 7,534,585,736.52 | 7,319,466,023.98 | | 2.94% | | 归属于上市公司股东的净 ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 1,195,108,700.93, representing a 12.36% increase compared to CNY 1,063,628,617.86 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 99,328,264.92, an increase of 8.40% from CNY 91,631,736.74 in the previous year[18]. - The net profit after deducting non-recurring gains and losses decreased by 2.68% to CNY 91,234,390.09 from CNY 93,750,381.30 year-on-year[18]. - The net cash flow from operating activities was CNY 289,972,148.30, down 18.32% from CNY 355,006,655.79 in the same period last year[18]. - The basic earnings per share for the reporting period was CNY 0.1018, up 8.41% from CNY 0.0939 in the same period last year[18]. - The diluted earnings per share also stood at CNY 0.1018, reflecting the same growth of 8.41% compared to the previous year[18]. - The weighted average return on equity increased to 2.20%, up from 1.93% in the same period last year[18]. - The total operating revenue for the period reached CNY 1,195,108,700.93, an increase of 12.38% compared to CNY 1,063,628,617.86 in the previous period[132]. - The total comprehensive income for the period was CNY 99,328,264.92, compared to CNY 78,941,736.74 in the same period last year, indicating a significant increase[134]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 7,484,827,825.17, a 2.26% increase from CNY 7,319,466,023.98 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company increased by 2.22% to CNY 4,567,906,994.74 from CNY 4,468,578,729.82 at the end of the previous year[18]. - The company's total liabilities rose to CNY 2,916,920,830.43 from CNY 2,850,887,294.16, marking an increase of 2.31%[129]. - The company's equity attributable to shareholders increased from CNY 4,468,578,729.82 to CNY 4,567,906,994.74, a growth of 2.23%[130]. Cash Flow and Investments - The company's cash and cash equivalents increased by 188.30 million CNY, but the net increase was down 8.00% compared to the previous period[34]. - The cash flow from operating activities was CNY 289,972,148.30, down 18.3% from CNY 355,006,655.79 in the prior year[138]. - Investment activities resulted in a net cash outflow of CNY 20,476,186.75, compared to a net outflow of CNY 36,871,347.19 in the previous period[138]. Operational Efficiency - The company completed a total electricity generation of 3.288 billion kWh in the first half of 2018, an increase of 7.10% year-on-year[32]. - The company's coal consumption and power generation efficiency indicators are among the best in Jiangxi Province[28]. - The company aims to optimize cost management and enhance operational efficiency to mitigate the impact of rising loan interest rates and tight cash flow[54]. Environmental Compliance - Jiangxi Ganneng Co., Ltd. was fined for violating environmental regulations, with a total of 341,634.57 yuan confiscated due to exceeding emission limits[69]. - The company reported a total emission of 45.114 tons of particulate matter, with a concentration of 4.16 mg/m3, which is below the standard limit of 30 mg/m3[86]. - The sulfur dioxide emissions were recorded at 274.009 tons, with a concentration of 25.28 mg/m3, also below the limit of 200 mg/m3[86]. - Nitrogen oxides emissions amounted to 426.511 tons, with a concentration of 40.77 mg/m3, which is below the standard of 100 mg/m3[86]. - The company has completed the ultra-low emission transformation for units 5 and 6, which has been recognized by the Jiangxi Provincial Environmental Protection Department[87]. Corporate Governance - The company appointed new board members and management, including the election of a new chairman on May 21, 2018[120]. - The company has not engaged in any significant related party transactions during the reporting period, ensuring transparency and compliance[73]. - The company confirmed that there were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[79]. Social Responsibility and Community Engagement - The poverty incidence in Gukeng Village has been reduced to 1.68%, with 6 households and 27 individuals remaining in poverty[94]. - The company invested 5 million RMB to renovate the Party activity room and 7.7 million RMB to distribute 100 chicks per household to 74 impoverished households[94]. - The company has established a 50-acre greenhouse vegetable base to ensure full coverage of benefits for impoverished households[92]. - The company has established a poverty alleviation fund to support development projects and enhance the self-sufficiency of impoverished households[101]. Legal Matters - A significant lawsuit involving Jiangxi Ganneng's subsidiary, Fengcheng Power Plant, has a disputed amount of 52.2474 million yuan, which is not expected to form a liability[63]. - The court ruled in favor of Jiangxi Ganneng, with an estimated impact on net profit of 3,748,829.54 yuan due to the lawsuit outcome[64]. - The company is involved in an arbitration case with Hubei Industrial Construction Group regarding a site leveling project, with a disputed amount of 1.11 million yuan[66]. Accounting and Financial Reporting - The company's semi-annual report for 2018 was not audited[61]. - The financial report for the half-year period was not audited, which may impact the reliability of the financial data presented[125]. - The company adheres to the accounting standards for enterprises, ensuring the financial statements reflect its financial status accurately[150].

江西赣能股份有限公司 2018 年第一季度报告正文 证券代码：000899 证券简称：赣能股份 公告编号：2018-36 江西赣能股份有限公司 2018 年第一季度报告正文 1 江西赣能股份有限公司 2018 年第一季度报告正文 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。 公司负责人杨林、总经理张惠良、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 2018 年第一季度报告正文 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 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 562,181,613.41 | 668,758,587.64 | -15.94% | | 归属于上市公司股东的净利润（元） ...

Financial Performance - The company's operating revenue for 2017 was ¥2,126,267,944.86, a decrease of 2.31% compared to ¥2,176,561,485.20 in 2016[16] - The net profit attributable to shareholders for 2017 was ¥16,450,075.11, representing a significant decline of 95.65% from ¥378,235,751.78 in 2016[16] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥167,840,330.90, down 56.34% from ¥384,428,523.66 in the previous year[16] - The basic earnings per share for 2017 were ¥0.0169, a decline of 95.78% compared to ¥0.4 in 2016[16] - The diluted earnings per share also stood at ¥0.0169, reflecting the same percentage decrease as the basic earnings per share[16] - The weighted average return on equity was 0.36% in 2017, down from 8.24% in 2016, indicating a significant drop in profitability[16] - The total assets at the end of 2017 were ¥7,319,466,023.98, a decrease of 3.28% from ¥7,567,675,940.96 at the end of 2016[17] - The net assets attributable to shareholders decreased by 6.29% to ¥4,468,578,729.82 at the end of 2017, down from ¥4,768,685,745.37 in 2016[17] Cash Flow and Investments - The net cash flow from operating activities increased by 3.54% to ¥384,981,399.55 in 2017, compared to ¥371,804,408.03 in 2016[16] - The company experienced an 83.76% decrease in cash funds at the end of the reporting period, primarily due to the investment of 917 million yuan in short-term principal-protected financial products[27] - The total cash inflow from investment activities surged by 15,129.13% to ¥1,897,005,382.33, primarily due to the recycling of ¥917 million from fundraising for short-term guaranteed financial products[46] - The net cash flow from investment activities decreased by 67.61% to -¥937,456,275.68, attributed to the significant cash outflow for the same financial products[46] - The total cash inflow from financing activities dropped by 50.31% to ¥1,640,000,101.16, reflecting the absence of funds from non-public stock issuance received in the previous year[46] Operational Highlights - The company completed a total electricity generation of 6.312 billion kWh in 2017[31] - The electricity segment accounted for 98.78% of total revenue, generating ¥2,100,313,055.06, down 2.25% from the previous year[36] - The gross profit margin for the electricity segment was 11.39%, a decrease of 15.38% year-on-year[38] - The total planned electricity sales for 2017 was 5,001 million kWh, with actual settled electricity sales of 4,805 million kWh[39] Strategic Initiatives - The company aims to enhance its market competitiveness by focusing on safety, efficiency, and sustainable development, while also expanding into new energy sectors[79] - The company plans to continue investing in the Fengcheng Phase III power plant expansion project, which is currently not completed[66] - The company is committed to optimizing cost control and enhancing financial management to mitigate risks associated with the financial market[80] - The company’s long-term strategy includes diversifying its energy structure and enhancing its capabilities in renewable energy and high-tech industries[78] Governance and Compliance - The company has established a comprehensive internal control system to ensure compliance with laws and regulations in its decision-making processes[81] - The company received a standard unqualified opinion from the accounting firm regarding its internal control audit for the year[38] - The company has not engaged in any investor communication activities during the reporting period[85] - The company has a structured decision-making process for profit distribution, ensuring that independent directors fulfill their responsibilities in the process[89] Social Responsibility and Community Engagement - The company has established a comprehensive cultural service center to enhance public cultural infrastructure in Gukeng Village[135] - The company has committed to environmental sustainability by completing low-emission upgrades at its power plants[131] - The company has helped 95 registered impoverished individuals to escape poverty through various projects, with a total investment of 1.07 million RMB in poverty alleviation efforts[148] - The company plans to build a 50-acre greenhouse vegetable base in Gukeng Village to ensure full coverage of benefits for impoverished households[134] Shareholder and Management Changes - The company experienced a management change with the resignation of several key personnel, including the chairman and vice chairman, due to work changes[180] - The company has a diverse management team with backgrounds in finance, engineering, and law[191] - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 3.2596 million yuan (pre-tax)[194] - The company has seen changes in its supervisory board, with new candidates being nominated following resignations due to work adjustments[187]

Financial Performance - Total assets at the end of the reporting period were approximately ¥7.50 billion, a decrease of 0.93% compared to the end of the previous year[8] - Net assets attributable to shareholders decreased by 3.05% to approximately ¥4.62 billion[8] - Operating revenue for the reporting period was approximately ¥520.68 million, down 17.21% year-on-year[8] - Net profit attributable to shareholders decreased by 48.67% to approximately ¥70.23 million[8] - Basic earnings per share were ¥0.0720, a decrease of 48.64% compared to the same period last year[8] - The weighted average return on net assets was 1.53%, down 1.38% year-on-year[8] - Cash flow from operating activities for the year-to-date was approximately ¥461.44 million, down 11.41%[8] - Total profit decreased by 65.03% to ¥177,463,393.30, mainly due to significant increases in fuel costs[16] - The company reported a 72.17% decrease in tax payments to ¥90,280,905.02 due to lower profits and increased input VAT credits[16] Shareholder Information - The total number of shareholders at the end of the reporting period was 42,507[12] - The largest shareholder, Jiangxi Investment Group, held 38.73% of the shares, amounting to approximately 377.85 million shares[12] Accounts and Costs - Accounts receivable decreased by 59.81% to ¥166,874,035.58 due to delayed electricity revenue payments from the previous year[16] - Operating costs increased by 38.09% to ¥1,356,559,928.45 primarily due to rising fuel prices[16] Investment and Income - Investment income rose by 54.53% to ¥73,086,564.77, attributed to improved profitability of joint ventures and stock transfers[16] - Cash received from investment increased by 5882.50% to ¥14,358,000.00, reflecting dividends from joint ventures and stock holdings[16] - The company reported a total investment of 72.81 million in securities, with a fair value of 56.16 million at the beginning of the period, resulting in a loss of 19.47 million during the reporting period[23] - The company has not engaged in any derivative investments during the reporting period[24] Asset Management - Fixed asset disposal related to the renovation of power plant units is expected to impact annual profit by approximately -¥161,571,048.87[18] - The company’s fixed asset write-off for the renovation project has a book value of ¥161,571,048.87, impacting future financial results[18] - The company plans to invest up to ¥917 million of idle funds in safe, liquid bank wealth management products[18] Social Responsibility - The company invested 11.59 million in poverty alleviation efforts, helping 115 registered impoverished individuals to escape poverty[30] - The company has initiated two agricultural and forestry industry poverty alleviation projects with an investment of 10.86 million[31] - The company plans to maintain a poverty incidence rate below 2% and ensure that impoverished households do not fall back into poverty[32] - The company has completed the construction of the "Ganneng Huimin Building" in Gukeng Village, which is set to be operational soon[29] - The company has installed a smart monitoring system for the photovoltaic poverty alleviation power station, which is now connected to the grid[29] Compliance and Governance - The company has not conducted any research, communication, or interview activities during the reporting period[26] - There were no instances of non-compliant external guarantees during the reporting period[27] - The company has not reported any non-operational fund occupation by controlling shareholders or related parties during the reporting period[28] - The company’s construction project was halted following a major accident, with ongoing safety measures being implemented[18]

Financial Performance - The company's operating revenue for the first half of 2017 was ¥1,063,628,617.86, representing a 12.97% increase compared to ¥941,477,164.97 in the same period last year[17]. - The net profit attributable to shareholders decreased by 64.20% to ¥91,631,736.74 from ¥255,950,799.89 year-on-year[17]. - The net profit after deducting non-recurring gains and losses also fell by 63.94%, amounting to ¥93,750,381.30 compared to ¥260,018,856.81 in the previous year[17]. - The basic earnings per share dropped by 64.20% to ¥0.0939 from ¥0.2623 in the same period last year[17]. - The total profit for the period was 106 million yuan, a significant decrease of 67.98% compared to the previous year, attributed to high coal costs[31]. - The total comprehensive income for the period was CNY 78,941,736.74, down from CNY 250,978,299.89, a decrease of 68.42%[124]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,502,385,414.14, a decrease of 0.86% from ¥7,567,675,940.96 at the end of the previous year[17]. - The net assets attributable to shareholders decreased by 4.48% to ¥4,554,924,255.27 from ¥4,768,685,745.37 at the end of the previous year[17]. - Current liabilities increased to CNY 1,806,865,415.90, up 9.23% from CNY 1,654,088,625.48[119]. - The debt-to-asset ratio increased to 39.29%, up 2.30% from the beginning of the year[31]. Cash Flow - The company reported a net cash increase of 204.66 million yuan, a decrease of 86.08% compared to the previous year due to the absence of funds from a non-public stock issuance[33]. - Operating cash inflow for the current period reached ¥1,315,980,549.45, an increase from ¥1,057,970,929.28 in the previous period, reflecting a growth of approximately 24.4%[127]. - Cash inflow from financing activities was ¥723,000,101.16, compared to ¥2,640,506,330.58 in the previous period, showing a significant decline of about 72.6%[128]. - Cash and cash equivalents at the end of the period totaled ¥1,225,439,022.74, down from ¥1,721,420,002.92 in the previous period, representing a decrease of approximately 29%[128]. Operational Updates - The company's total electricity generation reached 3.208 billion kWh, an increase of 14.79% compared to the same period last year[31]. - The company is currently constructing Fengdian Phase III, with a designed capacity of 2×100 MW, but the project is currently suspended due to an investigation following an accident[24]. - The company completed significant upgrades to its power generation units, improving emissions performance to meet national standards[28]. Regulatory and Compliance Issues - The company faced significant operational cost pressures due to high coal prices and environmental compliance costs, impacting profitability[50]. - The company faced an administrative penalty regarding environmental pricing, with a total amount of 406,508.88 yuan to be confiscated due to violations[62]. - The company reported a significant risk due to the suspension of the Fengdian Phase III expansion project following a major accident, with ongoing investigations affecting project timelines[50]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[55]. - The company approved a related party transaction for fuel procurement with Jiangxi Investment Logistics Co., Ltd., with an estimated total amount not exceeding 372 million yuan for 2017[71]. - The company has approved the release of 91,485,872 restricted shares, effective from February 16, 2017, as part of the equity division reform[89]. - The largest shareholder, Jiangxi Investment Group, holds 38.73% of the shares, totaling 377,849,749 shares, with 153,400,000 shares pledged[102]. Social Responsibility and Community Engagement - The company allocated 81.16 million yuan for poverty alleviation efforts, focusing on industrial development and education support[85]. - A total of 187 registered impoverished individuals have been lifted out of poverty, with 48 households achieving this status in the first half of 2017[85]. - The company donated all shares of the "Xunwu County Four Seasons Fragrant Fruit Industry Cooperative" to impoverished households, allowing them to operate independently[82]. Accounting and Financial Reporting - The half-year financial report was not audited[57]. - The company has not made any significant changes to its accounting policies or estimates during the reporting period[192]. - The financial statements are prepared in Renminbi (RMB) and the balance sheet is dated June 30, 2017[116].

Financial Performance - The company's operating revenue for Q1 2017 was ¥668,758,587.64, representing a 20.55% increase compared to ¥554,772,397.56 in the same period last year[8] - Net profit attributable to shareholders decreased by 51.42% to ¥72,709,667.24 from ¥149,656,956.52 year-on-year[8] - The net profit after deducting non-recurring gains and losses fell by 52.76% to ¥72,633,954.95 compared to ¥153,756,524.98 in the previous year[8] - Basic and diluted earnings per share decreased by 51.43% to ¥0.0745 from ¥0.1534 year-on-year[8] - Operating profit declined by 55.96% to ¥87,935,357.00, primarily due to increased operating costs[15] Cash Flow - The net cash flow from operating activities increased by 60.77% to ¥312,590,431.09 from ¥194,437,474.00 in the same period last year[8] - Cash inflow from operating activities increased by 25.45% to ¥812,293,447.50, mainly due to higher cash collections from electricity sales[15] - Cash outflow from investing activities decreased by 71.12% to ¥19,741,797.03, primarily due to reduced cash payments for fixed asset purchases[15] - Cash inflow from financing activities dropped by 93.33% to ¥150,000,000.00, mainly due to last year's capital increase funds received[15] Assets and Shareholder Information - Total assets at the end of the reporting period were ¥7,690,777,949.37, up 1.63% from ¥7,567,675,940.96 at the end of the previous year[8] - Net assets attributable to shareholders increased by 1.38% to ¥4,834,645,412.61 from ¥4,768,685,745.37 at the end of the previous year[8] - The total number of ordinary shareholders at the end of the reporting period was 43,045[11] - The largest shareholder, Jiangxi Investment Group, held 38.73% of the shares, amounting to 377,849,749 shares, with 153,400,000 shares pledged[11] Operational Metrics - Cash and cash equivalents increased by 35.91% to ¥1,387,353,848.69, primarily due to an increase in electricity sales receipts[15] - Accounts receivable rose by 91.04% to ¥137,412,278.73, mainly from an increase in accepted bills[15] - Inventory decreased by 51.19% to ¥71,423,081.80, primarily due to a reduction in fuel stock[15] - Operating costs surged by 75.12% to ¥567,119,003.12, mainly due to rising fuel prices[15] - Investment income grew by 66.30% to ¥26,747,864.29, attributed to increased net profits from associated companies[15] Return on Equity - The weighted average return on equity dropped to 1.51% from 3.97% in the previous year, a decrease of 2.46%[8]

Financial Performance - The company's operating revenue for 2016 was CNY 2,176,561,485.20, a decrease of 14.73% compared to CNY 2,552,632,936.29 in 2015[18]. - The net profit attributable to shareholders for 2016 was CNY 378,235,751.78, down 34.17% from CNY 574,559,004.77 in the previous year[18]. - The net cash flow from operating activities decreased by 61.16% to CNY 371,804,408.03 from CNY 957,304,925.24 in 2015[18]. - Basic earnings per share for 2016 were CNY 0.40, a decline of 55.06% compared to CNY 0.89 in 2015[18]. - The total profit for the company in 2016 was 485 million yuan, a decline of 35.37% compared to the previous year[35]. - The weighted average return on equity for 2016 was 8.24%, down from 24.30% in 2015, reflecting a decrease of 16.06%[18]. - The company reported a quarterly net profit of CNY -14,522,867.90 in Q4 2016, indicating a loss compared to profits in the previous quarters[22]. Assets and Liabilities - Total assets at the end of 2016 reached CNY 7,567,675,940.96, an increase of 26.68% from CNY 5,974,080,868.13 at the end of 2015[18]. - The net assets attributable to shareholders increased by 81.76% to CNY 4,768,685,745.37 from CNY 2,623,632,267.01 in 2015[18]. - The company's net assets reached 4.769 billion yuan, with a debt ratio of 36.99%, down 19.10% from the beginning of the year[35]. - Cash and cash equivalents increased by 306.16% year-on-year, primarily due to the inclusion of raised funds[28]. - Long-term borrowings decreased by 9.32% to ¥1,135,000,000 from ¥1,453,000,000 in 2015[62]. Revenue Sources - The company's main business revenue for 2016 was 2.149 billion yuan, down 15.32% year-on-year[35]. - The electricity segment accounted for 98.72% of total revenue, generating ¥2,148,746,023.53, down 15.32% from ¥2,537,575,659.50 in the previous year[44]. - The company sold 626,054.9 million kWh of electricity in 2016, representing a 7.20% decrease from 674,635.52 million kWh in 2015[48]. - The cost of raw materials was ¥1,124,543,266.78, making up 71.38% of total operating costs, which was a slight increase from 70.82% in 2015[50]. Investment and Development - The company increased its construction investment in the Fengcheng Phase III power plant, resulting in a 484.73% increase in construction in progress[28]. - The company invested CNY 643.96 million in the Fengcheng Phase III expansion project, achieving 41.33% of the planned investment[75]. - The company is exploring market-oriented electricity sales and distribution as part of the ongoing electricity system reform[83]. - The company plans to strengthen safety production measures and internal controls in response to past incidents and to improve operational efficiency[85]. Dividend Policy - The company plans to distribute a cash dividend of CNY 3.00 per 10 shares, totaling CNY 29,270,334.40 based on 975,677,760 shares[5]. - The company distributed a cash dividend of 4 RMB per 10 shares in 2015, totaling 390,271,104 RMB, which accounted for 67.93% of the net profit attributable to shareholders[96]. - In 2016, the company plans to distribute a cash dividend of 3 RMB per 10 shares, totaling 292,703,328 RMB, representing 77.39% of the net profit attributable to shareholders[97]. - The company has established a cash dividend policy that mandates a minimum of 10% of the distributable profit to be distributed as cash dividends each year[94]. Social Responsibility and Community Engagement - The company has established a "Jiangxi Ganneng Poverty Alleviation Development Foundation" with an initial fund of RMB 4 million to support targeted poverty alleviation efforts in Gukeng Village, Jiangxi Province[139]. - A total of RMB 22.36 million was invested in improving water supply infrastructure, ensuring over 1,600 villagers have access to clean drinking water[140]. - The company allocated RMB 43.16 million to install 155 solar streetlights, enhancing the village's lighting and safety[140]. - The company has invested CNY 1.352 million to build a small photovoltaic power station in Gukeng Village with a total capacity of 244.8 kW, expected to generate an annual income of CNY 250,000[142]. Governance and Management - The company has undergone significant management changes, with multiple appointments and resignations throughout 2016[184][186]. - The company’s governance structure includes specialized committees for strategic investment, audit, and remuneration[185]. - The audit firm Tianjian CPA has been retained for five consecutive years, with an audit fee of RMB 800,000 for the 2016 financial report[118]. - The company has a structured remuneration decision-making process based on annual performance assessments[196]. Future Outlook - The company plans to eliminate over 50 million kilowatts of coal power capacity in 2017 to mitigate risks associated with overcapacity in the coal power sector[82]. - The company anticipates increased uncertainty in coal prices due to ongoing coal capacity reduction policies, which may negatively impact operational efficiency[83]. - Future guidance indicates a projected revenue growth of 12% for the next fiscal year, with a focus on enhancing operational efficiency[192]. - The company is exploring potential mergers and acquisitions to strengthen its market position, with a budget of 500 million RMB set aside for this purpose[192].

Financial Performance - Total assets increased by 26.06% to CNY 7,531,136,999.01 compared to the end of the previous year[8] - Net assets attributable to shareholders rose by 82.30% to CNY 4,782,848,613.27 year-on-year[8] - Operating revenue decreased by 12.25% to CNY 628,907,160.44 for the current period[8] - Net profit attributable to shareholders fell by 18.64% to CNY 136,807,819.79 compared to the same period last year[8] - Basic earnings per share dropped by 46.08% to CNY 0.1402[8] - The weighted average return on equity decreased by 4.10% to 2.91%[8] - Cash flow from operating activities decreased by 35.46% to CNY 520,875,100.71 year-to-date[8] Shareholder Information - The total number of shareholders at the end of the reporting period was 43,359[11] - The largest shareholder, Jiangxi Investment Group, holds 38.73% of the shares[11] Revenue and Costs - The company's operating revenue decreased by 16.74% to ¥1,570,384,325.41 compared to ¥1,886,044,041.16 in the same period last year, primarily due to reduced electricity generation and lower electricity prices from thermal power plants[16] - Operating costs fell by 18.74% to ¥982,397,298.97, attributed to the decrease in electricity generation from thermal power plants[16] - Financial expenses decreased significantly by 48.50% to ¥72,753,745.48, due to reduced loan balances and increased interest income from raised funds[16] - Investment income dropped by 38.14% to ¥47,296,541.93, mainly due to unrealized gains from the sale of financial assets not realized this year[16] - The net cash flow from operating activities decreased by 35.46% to ¥520,875,100.71, primarily due to lower operating revenue[16] - The net increase in cash and cash equivalents surged by 861.65% to ¥1,072,279,194.58, driven by funds raised from a private placement[16] - The company reported a significant increase in other income, up 1484.75% to ¥6,716,433.25, mainly from profits from the transfer of Shanghai real estate[16] Investments and Projects - The company completed a capital increase of ¥40 million in Jiangxi Nuclear Power Co., Ltd., contributing ¥800,000 to the project as per its 20% shareholding[17] - The company is progressing well with the construction of the Fengdian Phase III project, with various milestones achieved in the construction of units 7 and 8[18] Shareholding Commitments - The company has committed to not reducing its shareholding in Ganneng Co. for 36 months following the completion of the non-public offering[21] - Ganneng Co. will prioritize transferring its shares in Fengdian Phase I and Dongjin Power to Ganneng Co. under certain conditions to eliminate potential competition[21] - The company has received a written commitment from Jiang Investment Group to initiate the transfer of Dongjin Power's shares by December 31, 2017, to eliminate potential competition[23] - The company will not engage in any business activities that directly or indirectly compete with Ganneng Co. in Jiangxi Province[22] - If the company fails to fulfill its commitments, it will publicly explain the reasons and compensate investors for any losses incurred[23] - The company plans to establish a long-term incentive plan, including equity incentives, for key personnel by December 31, 2016[23] - The company will not acquire or invest in any new power generation enterprises in Jiangxi Province without cooperation with Ganneng Co.[22] - The company has committed to not increasing its shareholding in Ganneng Co. for 12 months following the completion of the non-public offering[22] - The company will ensure that any business opportunities in power generation will be offered to Ganneng Co. to avoid competition[22] - The company will strictly adhere to the commitments made and implement measures if any commitments are not fulfilled[23] Securities and Compliance - The company reported a total investment of 72,810,000 yuan in securities, holding 3,000,000 shares of Taihao Technology, accounting for 0.45% of total shares[24] - The market value of the securities held at the end of the reporting period was 56,040,000 yuan, resulting in a gain of 240,000 yuan[24] - There were no derivative investments during the reporting period[25] - The company did not engage in any research, communication, or interview activities during the reporting period[26] - There were no instances of non-compliance with external guarantees during the reporting period[27] - The company did not have any non-operating fund occupation by controlling shareholders or related parties during the reporting period[28] - The company has not issued any warnings regarding significant changes in net profit compared to the previous year[24] Board Activities - The board of directors held a meeting on October 27, 2016, to discuss the quarterly report[29]

Financial Performance - The company's operating revenue for the first half of 2016 was ¥941,477,164.97, a decrease of 19.49% compared to ¥1,169,371,498.42 in the same period last year[20]. - The net profit attributable to shareholders was ¥255,950,799.89, down 4.17% from ¥267,092,130.37 year-on-year[20]. - The net profit after deducting non-recurring gains and losses increased by 14.08% to ¥260,018,856.81 from ¥227,926,591.45 in the previous year[20]. - The net cash flow from operating activities was ¥355,451,719.24, a decline of 31.56% compared to ¥519,358,542.53 in the same period last year[20]. - Basic earnings per share decreased by 36.49% to ¥0.2623 from ¥0.4130 year-on-year[20]. - Revenue for the first half of 2016 was CNY 941.48 million, a decrease of 19.49% compared to the same period last year, primarily due to reduced thermal power generation and lower grid-connected electricity prices[29][32]. - The company's net profit for the reporting period was CNY 256 million, reflecting a decrease of 0.60% year-on-year[29]. - Operating costs decreased by 27.91% to CNY 551.53 million, attributed to reduced coal consumption and falling coal prices[32]. - The gross profit margin for the electricity segment was 40.79%, showing a year-on-year increase of 6.40% despite a 20.25% decline in revenue[36]. - The company reported a total revenue of 296,385,750 yuan and a net profit of 133,664,633 yuan for the first half of 2016, reflecting a profit margin of approximately 45%[57]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,477,813,783.63, an increase of 25.17% from ¥5,974,080,868.13 at the end of the previous year[20]. - The net assets attributable to shareholders increased by 76.66% to ¥4,634,845,793.48 from ¥2,623,632,267.01 at the end of the previous year[20]. - Total liabilities decreased to CNY 2,842,967,990.15 from CNY 3,350,448,601.12, showing a reduction of about 15%[136]. - The total current liabilities amounted to CNY 1,451,920,966.32, down from CNY 1,889,680,535.66, indicating a decrease of approximately 23%[136]. - The company's total share capital increased by 329 million shares due to the non-public offering, impacting the shareholder structure significantly[115]. Cash Flow and Financing - The company reported a significant increase in cash flow from financing activities, amounting to CNY 1.220 billion, a 322.62% increase due to the funds raised from the non-public offering[33]. - Cash flow from operating activities generated a net amount of $355.45 million, down from $519.36 million, a decrease of approximately 31.5%[143]. - The ending cash and cash equivalents balance increased to $1,721.42 million from $220.73 million, indicating a significant increase[144]. Investments and Projects - The company completed a non-public offering of 329 million shares at a price of CNY 6.56 per share, raising a total of CNY 2.158 billion, with a net amount of CNY 2.151 billion after expenses[29]. - The construction progress of the Fengdian Phase III project is on track, with various construction milestones achieved, including the completion of the boiler steel frame and foundation work[30]. - The company has committed to invest RMB 155,824,000 in the Fengcheng Power Plant Phase III expansion project, with 12.67% of the investment completed by the end of the reporting period[51]. - The company is actively involved in the construction of the Phase III expansion of the Fengcheng Power Plant, which is progressing as planned[87]. Shareholder and Governance - The company distributed a cash dividend of 4 yuan per 10 shares, totaling 390,271,104 yuan, approved by the shareholders' meeting on May 20, 2016[61]. - The company has a cash dividend policy stating that at least 10% of the distributable profit should be distributed as cash dividends each year, with a cumulative distribution of no less than 30% of the average annual distributable profit over the last three years[62]. - The company has established a complete internal control system to ensure compliance with laws and regulations, enhancing corporate governance and protecting shareholder interests[68]. - The company has made adjustments to its governance structure, including the introduction of directors from strategic investor State Power Investment Corporation on May 20, 2016[68]. - The company has not reported any significant changes in its operating performance for the period from January to September 2016[60]. Compliance and Risks - The financial report for the first half of 2016 was not audited, which may affect the reliability of the financial data presented[132]. - There are no risks of delisting due to legal violations during the reporting period[104]. - The company will publicly explain any failure to fulfill commitments and compensate investors for losses incurred[101]. Accounting Policies - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations for the next 12 months[155]. - The company has specific accounting policies for bad debt provisions, fixed asset depreciation, intangible asset amortization, and revenue recognition[156]. - The company uses Renminbi as its functional currency for accounting purposes[160]. - The company has established methods for accounting treatment of mergers and acquisitions, including goodwill recognition and fair value measurement of identifiable net assets[161].