Financial Performance - The company's operating revenue for Q1 2014 was ¥264,917,693.59, a decrease of 22.98% compared to the same period last year[8]. - Net profit attributable to shareholders increased by 219.72% to ¥97,639,276.25, compared to ¥30,539,432.00 in the previous year[8]. - The total profit for the period was ¥96,944,246.99, reflecting a 224.38% increase compared to ¥29,885,634.41 in the previous year[16]. - Operating profit surged by 7032.06% to ¥97,440,713.99, attributed to lower coal prices and increased investment income[16]. - Basic and diluted earnings per share both increased by 100% to ¥0.20 from ¥0.10[8]. Cash Flow and Assets - The net cash flow from operating activities was negative at ¥-112,700,708.64, a decline of 310.6% from ¥53,513,678.19 in the previous year[8]. - Total assets decreased by 33.67% to ¥1,502,468,215.57 from ¥2,265,183,773.04 at the end of the previous year[8]. - The company's net assets attributable to shareholders increased by 13.71% to ¥809,827,043.38 from ¥712,187,767.13[8]. - Cash paid for purchasing goods and services was approximately ¥149.77 million, down 36.92% due to the shutdown of the first thermal power plant, resulting in reduced cash flow during the heating period[17]. - The company disposed of fixed assets and received cash of ¥47 million from the asset disposal related to the shutdown of the first thermal power plant[17]. Investment and Income - The company reported a significant increase in investment income by 147.78% to ¥50,395,087.25, primarily due to increased profits from investments in related companies[16]. - The company experienced a 99.54% decrease in non-operating income, dropping to ¥143,535.00 from ¥31,361,287.00 in the previous year[16]. Debt and Financing - The company repaid debts amounting to approximately ¥652.41 million, which were formed due to debt restructuring with China Power Investment Corporation and Hebei Company[17]. - The company issued 183,908,000 shares in a private placement, which was listed on the Shenzhen Stock Exchange on January 15, 2014[18]. - The total amount from the asset disposal contract signed with a consortium was ¥20.7 million, which has been fully paid[18]. Corporate Changes - The company’s stock was delisted from risk warnings on April 3, 2014, changing its name from "*ST Dongre" to "Dongfang Thermal Power"[18]. - The company has committed to reducing and eventually eliminating competition in the same industry within three years following the completion of the private placement[20]. - The company does not anticipate significant changes in net profit for the first half of 2014 compared to the previous year[22].

Financial Performance - The company achieved operating revenue of CNY 727.78 million in 2013, a decrease of 15.12% compared to 2012[22]. - Net profit attributable to shareholders reached CNY 668.29 million, a significant increase of CNY 734 million from a net loss of CNY 66 million in 2012[27][28]. - The net cash flow from operating activities was CNY 263.91 million, representing a 366.11% increase year-on-year[22]. - The company's total assets increased by 64.26% to CNY 2.27 billion by the end of 2013[22]. - The company reported a significant increase in investment activity cash inflow, which rose by 334.51% to ¥33,718,002.78[40]. - The company reported a net profit of approximately CNY 668.29 million for 2013, with a cash dividend payout ratio of 0% due to negative retained earnings over the past three years[75]. - The company reported a significant improvement in its financial position, achieving positive net assets and net profits after debt restructuring[93]. - The company reported a net loss of RMB 53,378,830 for the year[186]. Debt and Capital Structure - The company successfully completed a debt restructuring, resulting in a gain of CNY 566.71 million and resolving overdue debts totaling CNY 1.25 billion[30]. - The company raised approximately CNY 800 million through a private placement, significantly improving its capital structure and reducing the debt-to-asset ratio from 155% to about 60%[31]. - The company has undergone significant debt restructuring, resulting in a substantial decrease in debt and achieving positive net assets and net profits[69]. - The total capital raised from the non-public offering was RMB 799,999,800, with a net amount of RMB 781,975,892 after deducting issuance costs[192]. - The company issued 183,908,000 shares to its actual controller, China Power Investment Corporation, at a price of 4.35 RMB per share, raising a net amount of 781,975,892 RMB after expenses[95][99]. Operational Challenges - The company reported a significant risk related to fluctuating coal prices, which could have a major impact on financial performance[13]. - The company is subject to increasing pressure for technical upgrades due to stricter environmental regulations[13]. - In 2013, the company faced a challenging operating environment, with a significant decline in electricity demand due to the slowing national economy, impacting the overall electricity consumption in Hebei province[60]. - The company predicts a slight increase in electricity demand in 2014, benefiting from a recovering national economy, but faces risks related to external demand for electricity[60]. - Coal prices have shown a downward trend, but the company still faces challenges due to the high proportion of coal costs, which account for over 70% of production costs[61]. Environmental and Safety Management - The company emphasizes the importance of safety management in its operations, facing risks due to past financial losses and insufficient equipment investment[62]. - The company is focusing on safety and environmental management, implementing strict measures to ensure compliance with emission reduction targets and enhancing the management of environmental facilities[66]. - The company achieved a reduction in emissions, with a decrease of 445 tons of dust and 1,471 tons of SO2 compared to the previous year, demonstrating commitment to environmental responsibility[76]. - Environmental protection regulations are becoming stricter, leading to increased costs for the company, which is committed to enhancing its environmental performance through technology upgrades[61]. Governance and Management - The company has a total of 1,525 employees and 398 retired employees as of the end of the reporting period[121]. - The company’s board of directors includes members with diverse educational backgrounds, including MBA and engineering degrees[112][113]. - The company’s governance structure includes a supervisory board and an audit committee to oversee financial practices[117]. - The company has established a complete and independent operational capability, maintaining a clear separation from its controlling shareholder in terms of personnel, finance, assets, and business[126]. - The independent directors attended the board meetings and shareholder meetings, with attendance rates indicating active participation in governance[132]. Future Outlook and Strategy - The company plans to improve profitability and operational efficiency as a core focus for 2014[65]. - The company aims to maximize profitability by increasing the output of effective electricity from its thermal power plants, targeting the highest operational levels of the South Grid's thermal power units[66]. - The company plans to use raised funds to repay debts to China Power Investment Group totaling ¥140,144,300 and to Hebei Electric Power Co. totaling ¥512,270,635.90[55]. - The company is considering potential mergers and acquisitions to strengthen its market position[182]. - The company aims to become a leading international energy enterprise by 2020, focusing on sustainable development and innovation[106]. Shareholder Relations - The company actively sought input from minority shareholders regarding its profit distribution plan, ensuring their rights were protected[73]. - The company has not distributed profits or increased capital reserves in the last three years, with a total distributable profit of CNY -1.04 billion for 2013[75]. - The company has not proposed any cash dividend distribution plan for 2013 due to ongoing negative retained earnings[75].