承 诺 书 国电长源电力股份有限公司: 本人将对你公司进行调研(或参观、采访、座谈等),根据有关 规定做出如下承诺: (一)本人承诺在调研(或参观、采访、座谈等)过程中不故 意打探你公司未公开重大信息,未经你公司许可,不与你公司指定 人员以外的人员进行沟通或问询; (二)本人承诺不泄漏在调研(或参观、采访、座谈等)过程 中获取的你公司未公开重大信息,不利用所获取的未公开重大信息 买卖你公司证券或建议他人买卖你公司证券; (三)本人承诺在投资价值分析报告、新闻稿等文件中不使用 本次调研(或参观、采访、座谈等)获取的你公司未公开重大信息; (四)本人承诺基于本次调研(或参观、采访、座谈等)形成 的投资价值分析报告、新闻稿等文件中涉及盈利预测和股价预测的, 注明资料来源,不使用缺乏事实根据的资料; (五)本人承诺基于本次调研(或参观、采访、座谈等)形成 的投资价值分析报告、新闻稿等文件(或涉及基础性信息的部分内 容),在对外发布或使用至少两个工作日前知会你公司,并保证相关 内容客观真实; (六)本人如违反上述承诺,愿意承担由此引起的一切法律责 任; (七)本承诺书仅限于本人对你公司调研(或参观、采访、座 谈等）活动 ...

证券代码：000966 证券简称：长源电力 编号：2018-001 | --- | --- | --- | |------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------|-------| | 投资者关系活 \n动类别 | √ 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻 \n发布会 □路演活动 □现场参观 □其他 | | | 参与单位名称 及人员姓名 | 深圳聚沣资本管理有限公司 余爱斌 | | | 时间 | 2018 年 6 月 22 日 上午 9 点 | | | 地点 | 公司本部 28 楼会议室 | | | 上市公司接待人 员 | 证券事务代表：周峰，市场营销部副主任：陈洁，财务部：唐龙，燃料 管理部：屈葳，证券法律部：杜娟、毋亮 | | | 投资者关系活 动主要内容介 绍 | 1. 公司所属各电厂机组整体运行 ...

证券代码：000966 证券简称：长源电力 编号：2018-002 | --- | --- | --- | |------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------| | 投资者关系活 动类别 | √ 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻 发布会 □路演活动 □现场参观 □其他 | | | 参与单位名称 及人员姓名 | 中信建投证券股份有限公司 ...

Financial Performance - The company's operating revenue for Q3 2022 was CNY 4,580,564,992.96, representing a 51.90% increase year-over-year[4] - Net profit attributable to shareholders for Q3 2022 was CNY 162,405,226.18, a significant increase of 619.92% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 160,679,957.69, up 230.45% year-over-year[4] - Total revenue for the third quarter of 2022 reached ¥10,973,391,404.45, an increase of 22.7% compared to ¥8,945,085,118.20 in the same period last year[43] - The net profit attributable to the parent company was ¥3,431,276,415.05, up from ¥3,159,981,354.37, representing an increase of 8.6%[43] - The net profit for the current period is approximately $258.88 million, a decrease from $279.18 million in the previous period, representing a decline of about 7.4%[47] - The total profit for the current period is approximately $407.04 million, compared to $371.02 million in the previous period, reflecting an increase of about 9.7%[47] - The operating profit for the current period is approximately $399.18 million, up from $343.79 million in the previous period, indicating a growth of about 16.2%[47] Assets and Liabilities - The total assets as of the end of Q3 2022 reached CNY 26,103,570,963.73, an increase of 11.77% from the end of the previous year[4] - Total assets increased to ¥26,103,570,963.73 from ¥23,354,372,796.80, reflecting a growth of 11.9%[40] - The company's total liabilities increased to ¥16,172,780,209.61 from ¥13,813,961,202.46, a rise of 16.5%[40] - The company's total equity attributable to shareholders was CNY 9,648,801,645.05, a 2.13% increase compared to the end of the previous year[4] - The total equity attributable to shareholders increased to ¥9,648,801,645.05 from ¥9,447,467,677.26, reflecting a growth of 2.1%[43] Cash Flow - The company's cash flow from operating activities for the year-to-date period was CNY 935,809,833.90, reflecting a 109.41% increase compared to the same period last year[4] - Cash flow from operating activities for the current period is approximately $935.81 million, significantly higher than $446.88 million in the previous period, marking an increase of about 109.1%[50] - Cash flow from investing activities shows a net outflow of approximately $3.88 billion, worsening from a net outflow of $726.28 million in the previous period[50] - Cash flow from financing activities resulted in a net inflow of approximately $2.12 billion, compared to a net inflow of $360.60 million in the previous period, indicating a substantial increase[53] Research and Development - Research and development expenses for the first nine months of 2022 amounted to CNY 3,842,951.46, a substantial increase of 899% year-over-year due to increased investment in R&D[12] - Research and development expenses for the quarter were ¥3,842,951.46, significantly higher than ¥384,582.20 in the previous year, indicating a substantial increase in investment in innovation[43] Shareholder Information - The company has a total of 126,542 common shareholders, with the largest shareholder, State Energy Investment Group, holding 67.50% of the shares[15] - The company has a total of 199,667,221 shares that were released from lock-up, accounting for 7.26% of the total share capital and 18.02% of the unrestricted shares[22] - The company’s major shareholders include Hubei Energy Group, holding 1.50% of shares, and CITIC Securities, holding 1.21%[15] Investments and Projects - The company plans to invest a total of 3.04508 billion RMB in the second phase of the renewable energy base project in Hanchuan, with a total installed capacity of 500 MW[22] - The company will increase its investment in the first phase of the multi-energy complementary base project in Suizhou, with a total investment of 2.49018 billion RMB and an installed capacity of 400 MW[23] - The company has approved a capital increase of 578.69 million RMB for its subsidiary, Zhongxiang New Energy, to support the construction of a renewable energy base project with a total installed capacity of 600 MW[24] Operational Challenges - The company anticipates uncertainties in power generation for the fourth quarter due to fluctuating demand and high coal prices affecting generation capacity[19] - The company received a court ruling for the bankruptcy liquidation of its wholly-owned subsidiary, Yuzhou Anxing Coal Industry Co., Ltd., and another subsidiary, Yuzhou Xinghua Coal Industry Co., Ltd., due to their inability to repay debts[27] Other Financial Metrics - The cash and cash equivalents at the end of the period amount to approximately $256.68 million, slightly up from $244.26 million in the previous period[53] - The company reported an asset impairment loss of approximately $67.33 million for the current period[47] - The company adjusted its expected total daily related transactions for 2022 from CNY 1,149,570 million to CNY 1,231,270 million, an increase of CNY 81,700 million[31] - The company expects a profit of approximately CNY 33 million from the asset swap related to the shutdown of the Lichuan Sandu Gorge Hydropower Station, which represents 130.18% of the company's most recent audited net profit[32] - The company anticipates a loss of CNY 4.42 million from the disposal of the 14 boiler air preheater, accounting for 17.44% of the company's most recent audited net profit[33] - The company expects compensation of approximately CNY 15 million from the government for the land use rights and associated facilities, with an estimated profit of CNY 10.78 million, representing 42.52% of the company's most recent audited net profit[36]

Financial Performance - The company reported a total revenue of RMB 5.2 billion for the first half of 2022, representing a year-on-year increase of 15%[22]. - The net profit attributable to shareholders was RMB 1.1 billion, up 20% compared to the same period last year[22]. - The company's operating revenue for the reporting period was CNY 6,392,826,411.49, representing a year-on-year increase of 7.81% compared to CNY 5,929,519,203.40 in the same period last year[29]. - Net profit attributable to shareholders was CNY 97,442,847.14, a decrease of 62.26% from CNY 258,220,929.73 in the previous year[29]. - The company reported a total profit of CNY 159.86 million, down 57.3% from the previous year, influenced by various cost pressures[47][48]. - The company's net profit attributable to the parent company was CNY 97.44 million, a decrease of 14.2% year-on-year, primarily due to rising coal prices and reduced power generation[47][48]. - The company's cash flow from operating activities was CNY 365,640,561.14, down 10.64% from CNY 409,184,345.20 in the previous year[29]. - The company's total assets at the end of the reporting period were CNY 23,642,610,831.82, reflecting a year-on-year increase of 1.23%[29]. Capacity and Production - The total installed capacity reached 3,500 MW, with a utilization rate of 85%, indicating efficient energy production[22]. - The company’s total controllable installed capacity reached 7,200.5 MW, accounting for 7.98% of Hubei province's total power generation capacity of 90,186.9 MW[38]. - The company completed a total power generation of 14.279 billion kWh, a decrease of 9.73% year-on-year, with thermal power generation dropping by 11.28%[39]. - The company plans to start 1.7 million kW of new energy projects and expects to put 900,000 kW into operation in 2022[41]. - The company has six operational coal-fired power plants with a controllable installed capacity of 6.29 million kW, and is focusing on managing coal procurement to mitigate fuel price risks[100]. Renewable Energy Initiatives - The company plans to expand its market presence by increasing its renewable energy projects, targeting a 30% increase in renewable capacity by 2025[22]. - The company is in the process of expanding its renewable energy portfolio, focusing on wind and solar power generation[86]. - The company has completed the acquisition of Hubei Electric Power, enhancing its market position and operational capacity in the energy sector[89]. - Hanchuan New Energy is under construction with a capacity of 100 MW for photovoltaic power generation, with a registered capital of 134.75 million yuan, fully funded by the company[14]. - Anlu New Energy is also under construction with a capacity of 50 MW for wind power generation, with a registered capital of 68 million yuan, fully funded by the company[15]. - The company is investing CNY 53,298 million in the first phase of the 100MW fish-solar complementary photovoltaic project in Hanchuan City, which has already commenced construction[197]. - The company plans to increase its investment in its subsidiary, Jingmen New Energy Co., Ltd., by CNY 26,722 million to support the construction of the 200MW photovoltaic project in Jingmen City[198]. Environmental and Compliance Efforts - The company has completed ultra-low emission transformations for major pollutants (particulate matter, sulfur dioxide, nitrogen oxides) across all six thermal power enterprises, meeting the emission standards[115]. - The company achieved a power generation coal consumption of 295.55 grams per kilowatt-hour, with a year-on-year increase of 0.3 grams per kilowatt-hour due to a 5.38 percentage point decrease in load rate[120]. - The company’s environmental monitoring data is uploaded in real-time to the Hubei Provincial Environmental Protection Department, ensuring transparency and compliance[117]. - The company has established emergency response plans for environmental incidents, with no pollution events reported during the reporting period[115]. - The company has obtained pollution discharge permits for all its thermal power enterprises, ensuring compliance with environmental regulations[115]. - The company plans to invest CNY 140 million in environmental protection projects, including coal yard enclosure and wastewater treatment in 2022[122]. Investment and Financial Strategy - The company will not distribute cash dividends for the current fiscal year, focusing instead on reinvestment for growth[8]. - The company has ongoing major non-equity investments, including a coal-fired power project with an investment of 488,100,000.00 RMB, which is currently in the construction phase[65]. - The company has restricted assets totaling 122,904,920.12 RMB, primarily due to pledged accounts receivable and mortgaged fixed assets[60]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[146]. - The company has a maximum loan limit of 2.2 billion yuan with State Energy Group Financial Company, with interest rates ranging from 3.6% to 4.05%[162]. Risk Management - The company identified five major risks: policy risk, electricity market competition risk, safety production risk, investment risk, and fuel price risk, and has implemented monitoring and response measures for these risks[97]. - The company plans to strengthen collaboration with local governments and closely monitor changes in the new energy market and policies to maximize the acquisition of quality new energy resources[97]. Corporate Governance - The company has held several shareholder meetings with participation rates of 76.99%, 71.39%, and 70.65% for different meetings[103]. - The company has undergone changes in its board of directors and management, with several key positions filled as of May 20, 2022[105]. - The semi-annual financial report has not been audited[148]. - The company has not experienced any major litigation or arbitration matters during the reporting period[152]. Social Responsibility - The company has allocated CNY 1.07 million for targeted poverty alleviation efforts, including infrastructure projects and direct donations[123]. - The company has received the highest evaluation of "Good" in the provincial assessment for targeted poverty alleviation and regional cooperation[123]. - The company aims to enhance its political responsibility and social responsibility in rural revitalization efforts, continuing to support poverty alleviation initiatives[127].

证券代码：000966 证券简称：长源电力 公告编号：2022-072 国家能源集团长源电力股份有限公司 关于参加 2022 年湖北辖区上市公司投资者集体接待日活动 情况的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、活动基本情况 公司于2022年6月16日（星期四）13:00-16:00参加了由湖北证监局联合湖北省 上市公司协会、全景网举办的2022年湖北辖区上市公司投资者集体接待日活动， 活动以网络远程方式在全景网举办。公司总会计师朱虹女士、董事会秘书刘军先 生及有关部门人员通过网络平台，与投资者就公司生产经营、财务状况、项目发 展、公司治理等问题进行了互动交流和沟通。 二、投资者提出的主要问题及公司回复情况 提问 1：长源电力营收比去年有增长吗？ 答：您好！2021 年度公司实现营业收入 1,216,396.57 万元，同比增加 209,046.65 万元，同比增幅 20.75%；2022 年一季度公司实现营业收入 366,933.27 万元，同比 增加 60,918.87 万元，同比增幅 19.91%。感谢关注！ 提问 2：现在有多少股东？ ...

证券代码：000966 证券简称：长源电力 编号：2022-069 国家能源集团长源电力股份有限公司 关于参加 2022 年湖北辖区上市公司 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。 特别提示： 1. 活动时间：2022 年 6 月 16 日（星期四）13:00-16:00 2. 活动方式：网络远程方式 一、活动安排 为进一步加强与广大投资者的沟通，根据湖北省上市公司协会《关于举办 2022 年湖北辖区上市公司投资者集体接待日暨 2021 年度业绩说明会活动的通知》（鄂上 协发〔2022〕10 号），公司将于 2022 年 6 月 16 日下午参加由湖北证监局、湖北省上 市公司协会、深圳市全景网络有限公司联合举办的"2022 年湖北辖区上市公司投资 者集体接待日暨 2021 年度业绩说明会活动"，通过网络与投资者互动交流。 二、活动的时间、方式 活动时间：2022 年 6 月 16 日（星期四）13:00-16:00 活动方式：网络远程方式，通过"全景路演"网站（http://rs.p5w.net）开展本次投 资者网上集体接待 ...

Financial Performance - The company's operating revenue for Q1 2022 was ¥3,669,332,673.53, representing a 19.91% increase compared to ¥1,789,455,579.10 in the same period last year[3]. - Net profit attributable to shareholders decreased by 52.39% to ¥79,978,287.35 from ¥111,484,271.13 year-on-year[3]. - The basic earnings per share fell by 54.78% to ¥0.0298 from ¥0.1006 in the previous year[3]. - The company's total profit for Q1 2022 was ¥134,827,354.80, a decrease of 48.67% compared to the previous year[9]. - Net profit for Q1 2022 was CNY 81,210,562.91, a decrease of 52.58% compared to the previous period, primarily due to rising coal prices[11]. - Net profit attributable to the parent company was CNY 79,978,287.35, down 52.39% year-on-year, mainly due to increased coal prices[11]. - Total comprehensive income attributable to the parent company was CNY 102,334,781.1, a decrease of 58.18% compared to the previous period, driven by lower net profit and other comprehensive income[11]. - Basic earnings per share for Q1 2022 was CNY 0.0298, a decrease of 54.78% compared to the previous period, primarily due to rising coal prices[11]. Assets and Liabilities - Total assets at the end of the reporting period were ¥22,041,929,420.73, a decrease of 5.62% from ¥23,354,372,796.80 at the end of the previous year[3]. - The company's total liabilities increased by 103.32% in other payables, amounting to ¥843,295,707.09, primarily due to unpaid factoring payments[8]. - The company reported a decrease of 100% in bonds payable, reflecting the reclassification of bonds due within one year to current liabilities[8]. - Total liabilities decreased to CNY 12,397,950,769.73 from CNY 13,813,961,202.46, a reduction of 10.2%[29]. Cash Flow - The company's cash flow from operating activities was ¥375,565,646.79, showing a 56.81% increase compared to ¥239,500,538.26 in the same period last year[3]. - Operating cash flow net amount for Q1 2022 was CNY 375,565,646.79, an increase of 56.81% year-on-year, mainly due to reduced tax payments[12]. - Cash inflow from investment activities totaled CNY 719,280,090.49, an increase of 29,675.88% year-on-year, mainly due to the receipt of remaining property distribution from Guodian Financial Co., Ltd.[11]. - Cash outflow from investment activities was CNY 736,095,892.29, an increase of 239.03% year-on-year, attributed to increased investment in infrastructure projects[12]. - The ending balance of cash and cash equivalents is ¥125,108,566.08, down 60.32% from ¥315,588,484.47 in the previous period[37]. Research and Development - Research and development expenses surged by 3337.82% to ¥2,588,970.88, indicating a significant increase in investment in R&D[9]. - Research and development expenses for Q1 2022 were CNY 2,588,970.88, significantly higher than CNY 75,308.56 in Q1 2021, indicating a focus on innovation[32]. Operational Metrics - The company completed a total power generation of 8.13 billion kWh during the reporting period, a decrease of 0.97% year-on-year[19]. - The company reported a total current assets of RMB 3,076,439,558.96 at the end of the period, down from RMB 3,962,589,169.57 at the beginning of the year, indicating a decrease of approximately 22.4%[26]. - Accounts receivable increased to RMB 1,509,365,440.60 from RMB 1,214,574,279.32, reflecting an increase of approximately 24.3%[26]. - Inventory decreased to RMB 450,918,035.67 from RMB 848,954,662.99, showing a reduction of about 46.9%[26]. Investments and Financing - The company plans to invest RMB 25,624 million in its subsidiary for the construction of a 200MW photovoltaic project, with a total planned capacity of 298,642.5 kW[24]. - The company successfully raised RMB 1,188,679,243.50 in net funds from a share issuance, with all funds utilized by February 28, 2022[22]. - The company is planning to acquire 100% equity of a subsidiary from its parent company, with a total fundraising target of up to RMB 120,000 million[22]. - The company awarded a project for a wastewater zero discharge system with a bid amount of RMB 10,177.17 million to a related party[24].

Financial Performance - The company reported a total revenue of RMB 10.5 billion for the year 2021, representing a year-on-year increase of 15%[19] - The net profit attributable to shareholders was RMB 1.2 billion, an increase of 20% compared to the previous year[19] - The company's operating revenue for 2021 was CNY 12,163,965,739.06, an increase of 20.75% compared to CNY 10,073,499,278.24 in 2020[26] - The net profit attributable to shareholders of the listed company for 2021 was a loss of CNY 25,350,276.00, representing a decrease of 102.53% from a profit of CNY 354,218,021.20 in 2020[26] - The net cash flow from operating activities for 2021 was CNY 655,800,103.57, down 58.58% from CNY 1,652,758,557.43 in 2020[26] - The company reported a total revenue of 45 billion RMB for the year 2021, reflecting a year-on-year increase of 10%[149] - The net profit attributable to shareholders reached 5 billion RMB, representing a growth of 15% compared to the previous year[149] Installed Capacity and Production - The total installed capacity reached 3,500 MW, with a utilization rate of 85%[19] - The total installed capacity of the company reached 7,089,730 kW by the end of the reporting period, with 6,290,000 kW from thermal power and 585,130 kW from hydropower[36] - The company’s thermal power units participated in market transactions, with a total transaction volume of 19,832 GWh, an increase of 40.93 GWh year-on-year[41] - The company achieved a total power generation of 31.686 billion kWh, exceeding the annual target by 8.14%[123] - The company plans to increase the installed capacity of renewable energy sources, targeting over 5 million kilowatts of new installations during the 14th Five-Year Plan period[120] Market Expansion and Strategy - The company plans to expand its market presence by increasing its renewable energy projects, targeting a 30% increase in renewable capacity by 2025[19] - The company is exploring potential mergers and acquisitions to enhance its market position and operational efficiency[19] - The company plans to expand its market presence by entering three new provinces in 2022, aiming for a 25% increase in market share[149] - The company plans to start 1,700 MW of new energy projects and put 900 MW into operation in 2022[46] - The company plans to allocate 5.27 billion yuan for thermal, wind, and solar project construction in 2022, sourced from its own funds and loans[123] Environmental and Sustainability Initiatives - The company is committed to achieving carbon peak and carbon neutrality goals, with a strategic focus on accelerating the transition to cleaner energy sources[120] - The company plans to invest 140 million yuan in 2022 for environmental upgrades, including coal yard enclosure and wastewater treatment projects[200] - The company completed the construction of pollution control facilities for 13 coal-fired generating units, achieving ultra-low emissions for major pollutants[198] - The company has implemented energy-saving modifications to its thermal power units, improving efficiency and reducing energy consumption intensity[198] - The company’s environmental monitoring data is uploaded in real-time to the Hubei Provincial Ecological Environment Department, ensuring transparency and compliance[198] Financial Management and Governance - The company has not engaged in any securities or derivative investments during the reporting period[95][96] - The company has not sold any significant assets during the reporting period[108] - The company has disclosed that there are no significant issues regarding the management and disclosure of raised funds[99] - The internal control system was evaluated, with no significant deficiencies found in financial and non-financial reporting during the reporting period[181] - The company has established a comprehensive risk management monitoring system, identifying the top five risks as policy risk, market competition risk, safety production risk, investment risk, and fuel price risk[184] Employee and Management Information - The total number of employees at the end of the reporting period was 5,293, including 5,214 from major subsidiaries[170] - The company employed 3,350 production personnel and 478 technical staff, indicating a strong operational workforce[172] - The total remuneration for the management team, including the assistant and employee supervisor, was 6.2063 million CNY for the reporting period[157] - The company has maintained a stable management structure with no significant changes in senior management positions during the reporting period[145] - The company’s management remuneration is determined based on a salary distribution management method and approved by the board[154] Risks and Challenges - The management highlighted potential risks including regulatory changes and market volatility, urging investors to remain cautious[6] - The company reported a significant decrease in net profits across its subsidiaries, with Han Chuan First Power Company experiencing a net profit decline of 32.48 million, primarily due to rising coal prices[115] - The company anticipates a 6% growth in electricity demand in 2022, despite facing uncertainties and challenges in the economic environment[120] Research and Development - The company has allocated 1 billion RMB for research and development in new technologies over the next two years[149] - The company’s R&D investment amounted to ¥11,423,436.27 in 2021, a decrease of 14.10% compared to ¥13,297,785.65 in 2020[74] - The number of R&D personnel increased by 17.65% to 20 in 2021, compared to 17 in 2020[74] Acquisitions and Investments - The company completed the acquisition of 100% equity in Hubei Electric Power Co., increasing its controllable installed capacity by 328,513 kW[36] - The company completed the acquisition of 100% equity in Hubei Electric, enhancing its operational capabilities in power and heat production and sales[118] - The company has established several new subsidiaries for renewable energy projects, including investments of ¥13,475,000 for a photovoltaic project and ¥11,280,000 for a wind power project[65]

Financial Performance - The company's operating revenue for Q3 2021 was ¥3,015,565,914.80, an increase of 8.49% compared to ¥2,779,705,436.15 in the same period last year[4]. - Net profit attributable to shareholders was ¥22,558,916.35, a significant decrease of 96.42% from ¥629,438,895.46 in the previous year[4]. - The net profit after deducting non-recurring gains and losses was -¥123,176,212.42, down 137.38% from ¥329,567,754.47 in the same period last year[4]. - Total revenue for the first nine months of 2021 was ¥10,891,362,670.47, representing a 36.29% increase year-over-year, driven by higher business income[15]. - Net profit for the first nine months of 2021 was ¥279,177,115.88, a decrease of 68.21% compared to the previous year, mainly due to rising coal prices impacting total profit[15]. - Operating profit for the first nine months of 2021 was ¥343,794,932.35, down 70.94% year-over-year, attributed to sharply rising coal prices[15]. - The company reported a basic earnings per share of ¥0.1011 for the first nine months of 2021, a decrease of 67.98% year-over-year, reflecting the impact of rising coal prices on profitability[15]. - The net profit for the current period is approximately ¥279.18 million, a decrease from ¥878.06 million in the previous period, representing a decline of about 68.3%[50]. - Operating profit for the current period is ¥343.79 million, down from ¥1.18 billion in the previous period, indicating a decrease of approximately 70.1%[50]. - The company reported a total profit of ¥371.02 million, down from ¥1.19 billion in the previous period, indicating a decrease of about 68.9%[50]. - The total comprehensive income for the current period is approximately ¥265.61 million, down from ¥974.42 million in the previous period, indicating a decline of about 72.7%[50]. Cash Flow and Liquidity - The company's cash flow from operating activities for the year-to-date was ¥446,884,005.19, a decrease of 61.63% compared to ¥1,164,766,117.10 in the previous year[6]. - Cash flow from operating activities for the first nine months of 2021 was ¥446,884,005.19, a decrease of 61.63% compared to the previous year, primarily due to increased cash expenditures for coal procurement[16]. - The cash flow from investment activities shows a net outflow of approximately ¥726.28 million, compared to a net outflow of ¥83.73 million in the previous period[57]. - The company's cash and cash equivalents increased by 45.11% to ¥246,758,519.65 due to higher cash receipts from electricity sales[11]. - Cash and cash equivalents increased by ¥81,208,214.58 in the first nine months of 2021, a rise of 128.35%, mainly due to increased cash flow from financing activities[16]. - The cash and cash equivalents at the end of the period amount to ¥244.26 million, down from ¥329.81 million at the end of the previous period[57]. Assets and Liabilities - Total assets as of September 30, 2021, were ¥21,320,888,829.98, reflecting a 3.16% increase from the previous year[6]. - Total liabilities as of September 30, 2021, included accounts payable to employees of ¥132,980,324.57, up 48.26% from the beginning of the period, due to increased unpaid wages[13]. - The total liabilities of the company reached ¥12,669,702,835.08, up from ¥11,172,023,670.33, indicating a growth of 13.4%[41]. - The company's non-current liabilities totaled ¥4,685,796,147.67, an increase of 15.4% from ¥4,058,834,775.86 year-over-year[41]. - Short-term borrowings increased to ¥4,317,874,475.17 from ¥3,634,681,009.48, marking a rise of 18.8%[41]. Investments and Subsidiaries - Long-term equity investments rose by 56.61% to ¥403,508,344.73, attributed to increased net profits from associated companies[11]. - The company plans to invest CNY 134.75 million to establish a wholly-owned subsidiary, Huaneng Changyuan Hanchuan New Energy Co., Ltd., for the construction of a photovoltaic power generation project[22]. - The company has decided to dissolve and liquidate its subsidiary, Hubei Biomass Gasification Technology Co., Ltd., due to ongoing financial losses since 2018[22]. - The company established a wholly-owned subsidiary, Guoneng Changyuan Anlu New Energy Co., Ltd., with an investment of 11.28 million RMB to develop a wind power project with a capacity of 50 MW, involving a total static investment of 36.84 million RMB[28]. - The company’s subsidiary, Guoneng Changyuan Suizhou Power Co., Ltd., awarded a project for DCS and ICS equipment procurement to an affiliated company for a bid amount of 29.9971 million RMB[28]. - The company’s subsidiary awarded a project for the procurement of wind turbine generators for a total bid amount of 47.8872 million RMB[28]. Market and Operational Insights - The company achieved a total power generation of 7.904 billion kWh and grid-connected power of 7.399 billion kWh, representing year-on-year increases of 118.46% and 119.49% respectively[21]. - The significant increase in power generation is attributed to the completion of the acquisition of 100% equity in Hubei Electric Power Co., Ltd. on April 2, 2021, which has been included in the consolidated financial statements since April 1, 2021[21]. - The company anticipates uncertainty in power generation for the fourth quarter due to potential impacts from autumn floods and low national coal inventory[21]. - The company is closely monitoring the impact of high coal prices and supply constraints on power generation capacity in the Hubei region[21]. Shareholder Information - A cash dividend of CNY 0.5 per 10 shares was distributed to all shareholders, totaling CNY 127.48 million, based on a total share capital of 2,549,660,478 shares after the restructuring[23]. - The top ten shareholders include State Energy Investment Group Co., Ltd. with a 72.79% stake, and Hubei Energy Group Co., Ltd. with a 4.69% stake[20]. - The company has not reported any new financing or securities lending activities among the top ten shareholders[20]. Accounting and Reporting - The company implemented the new leasing standards starting January 1, 2021, without retrospective adjustments to the 2020 comparative figures[58]. - The change in accounting policy does not affect the company's 2020 shareholder equity or net profit[58]. - The new accounting policy reflects the company's financial status and operating results objectively and fairly, complying with relevant laws and regulations[58]. - The third quarter report for 2021 has not been audited[61].