证券代码：000993 证券简称：闽东电力 公告编号：2019 临-33 福建闽东电力股份有限公司关于参加 2019 年福建辖区 上市公司投资者集体接待日活动的公告 本公司及其董事会全体成员保证公告内容的真实、准确、完整，没有虚假 记载、误导性陈述或者重大遗漏。 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、融资计划、股权激励、可持续发展等投资者所关心的问题，公 司定于 2019 年 7 月 18 日下午 14:00-17:00 参加由福建证监局协同深 圳市全景网络有限公司组织开展的 2019 年福建辖区上市公司投资者 集体接待日活动。现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上 平台，采取网络远程的方式举行，投资者可以登录"全景·路演天下" 网站（http://rs.p5w.net/）或关注微信公众号：全景财经（微信号： p5w2012），参与公司本次投资者集体接待日活动，活动时间为 2019 年 7 月 18 日（星期四）14:00 至 17:00。 出席本次集体接待日的人员有：公司总经理罗成忠、董事会秘书 陈凌旭、财务总监叶宏。 欢迎广大投资者积极参与 ...

Financial Performance - Operating revenue for the reporting period was CNY 192,419,675.47, a decline of 11.73% year-on-year, and CNY 395,194,314.37 for the year-to-date, down 46.67%[8] - Net profit attributable to shareholders of the listed company was CNY 11,086,596.27, a decrease of 74.93% year-on-year, and CNY -82,266,924.48 for the year-to-date, down 180.40%[8] - Basic earnings per share for the reporting period were CNY 0.0242, down 79.58% year-on-year, and CNY -0.1796 for the year-to-date, down 165.48%[8] - The net profit attributable to the parent company decreased by 180.40% compared to the same period last year, driven by lower profits in both the hydropower and real estate sectors[18] - Basic earnings per share decreased by 164.05% compared to the same period last year, reflecting the significant decline in net profit attributable to the parent company[18] - Cash received from sales and services decreased by 43.03% compared to the same period last year, mainly due to reduced income in the hydropower and real estate sectors[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,143,427,051.13, a decrease of 6.96% compared to the end of the previous year[8] - Net assets attributable to shareholders of the listed company were CNY 2,152,903,899.58, down 3.68% from the previous year[8] - The company's cash and cash equivalents decreased by 55.54% compared to the beginning of the year, primarily due to loan repayments and increased capital expenditures for wind power projects[15] - Accounts receivable increased by 90.80% compared to the beginning of the year, mainly due to increased receivables from hydropower and wind power electricity sales[15] - Long-term payables decreased by 39.66% compared to the beginning of the year, mainly due to the repayment of financing lease principal[15] - The company's undistributed profits decreased by 79.91% compared to the beginning of the year, primarily due to a reduction in net profit during the reporting period[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 33,009[11] - The largest shareholder, Ningde State-owned Assets Investment Management Co., Ltd., held 47.31% of the shares[11] Operational Insights - Operating revenue decreased by 46.67% compared to the same period last year, attributed to significantly reduced rainfall and lower hydropower generation, as well as decreased sales area for the real estate project[17] - Operating costs decreased by 46.94% compared to the same period last year, primarily due to reduced power generation and corresponding cost reductions[17] - The company reported a net cash flow from operating activities of CNY -5,687,189.11 for the year-to-date, a decline of 102.11%[8] Tax and Refunds - The company reported a 186.63% increase in tax refunds received, primarily due to increased VAT refunds in the wind power sector[20] Other Activities - There were no significant new product developments or market expansions reported during the period[14] - No entrusted financial management occurred during the reporting period[23] - No derivative investments were made during the reporting period[24] - No research, communication, or interview activities were conducted during the reporting period[25] - No violations of external guarantees were reported during the reporting period[26] - No non-operating fund occupation by controlling shareholders or related parties occurred during the reporting period[27]

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 202,774,638.90, a decrease of 61.23% compared to the same period last year[17]. - The net profit attributable to shareholders was a loss of CNY 93,353,520.75, representing a decline of 260.66% year-on-year[17]. - The net cash flow from operating activities was negative at CNY -11,981,409.86, down 112.10% from the previous year[17]. - The company's operating profit was -88.03 million yuan, a decrease of 210.94% year-on-year, while the net profit attributable to the parent company was -93.35 million yuan, a decrease of 260.66% compared to the previous year[34]. - The basic earnings per share were CNY -0.2039, a decline of 230.87% compared to the same period last year[17]. - The total comprehensive income for the first half of 2018 was a loss of CNY 94,025,752.65, compared to a profit of CNY 57,798,354.93 in the same period of 2017[150]. - The company reported a net loss of CNY 116,045,893.95 in the current period compared to a loss of CNY 34,041,161.30 in the previous period[146]. - The total operating costs amounted to CNY 241,340,686.63, compared to CNY 444,180,446.73 in the previous year, indicating a significant reduction[149]. Asset and Liability Management - The total assets at the end of the reporting period were CNY 4,175,436,940.06, a decrease of 6.24% from the end of the previous year[17]. - The net assets attributable to shareholders decreased by 4.18% to CNY 2,141,817,303.31[17]. - The company's total assets included CNY 1,923,545,366.99 in fixed assets, which increased due to the transfer of construction projects to fixed assets[43]. - The long-term borrowings decreased by 4.39% to CNY 606,450,000, reflecting a reduction in long-term loans for various projects[43]. - The company's inventory was CNY 541,661,159.00, a decrease of 1.98% compared to the previous year, due to the recognition of property sales[43]. - Total liabilities decreased from CNY 2,132,135,578.16 to CNY 1,948,048,101.56, a decline of around 8.6%[141]. Operational Efficiency and Strategy - The company is actively preparing for market rule research and improving operational efficiency in response to industry challenges[28]. - The company is focusing on enhancing its operational efficiency and exploring potential mergers and acquisitions to strengthen its market position[55]. - The company is exploring new strategies for market expansion and technology development in the renewable energy sector[55]. - The company has a strong talent pool with extensive experience in power production and management, enhancing its operational capabilities[30]. Investment and Development - The company is focusing on investments in new energy projects, including wind power development[54]. - The total investment amount for the reporting period was ¥118,795,005.85, representing a 90.99% increase compared to the previous year's investment of ¥62,200,000.00[46]. - The company has invested ¥94,383,568.14 in the construction of a wind power project, with an expected completion progress of 95%[48]. - The total investment in fixed assets for the reporting period reached ¥150,231,932.53, with a cumulative investment of ¥710,013,932.53[49]. Legal and Compliance Issues - The company is currently undergoing liquidation proceedings related to the case filed by Shanghai Dongming Investment Co., Ltd.[80]. - The company has faced a total claim amount of ¥2,246.88 million in another lawsuit, which is also pending[81]. - The company is actively working with legal professionals to address ongoing litigation matters[82]. - The company reported a total of 1,688.73 million in claims related to various legal disputes[82]. - The company continues to engage in legal strategies to mitigate risks associated with ongoing litigation[82]. Social Responsibility and Community Engagement - The company has invested a total of 121.1 million yuan in poverty alleviation efforts during the first half of 2018[114]. - A total of 11 impoverished households have been lifted out of poverty through the company's targeted assistance initiatives[115]. - The company has committed 62.1 million yuan to support public welfare projects in the vicinity of its power station construction sites[114]. - The company has sponsored 8 million yuan for the construction of a nursing home in a targeted poverty alleviation village[114]. Shareholder and Corporate Governance - The total number of ordinary shareholders at the end of the reporting period was 35,274[123]. - The top shareholder, Ningde State-owned Assets Investment Management Co., Ltd., holds 47.31% of the shares, totaling 216,673,883 shares[124]. - The company did not undergo any changes in its controlling shareholder or actual controller during the reporting period[126]. - The company has established a corporate governance structure including a board of directors and various operational departments to enhance management efficiency[177]. Financial Reporting and Compliance - The financial report for the first half of 2018 was not audited[137]. - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring compliance and accuracy[181]. - The company adheres to the principle of historical cost for asset measurement, ensuring conservative financial reporting[181]. - The company recognizes financial assets or liabilities when it becomes a party to a financial instrument contract[195].

Financial Performance - The company's operating revenue for Q1 2018 was ¥77,473,084.98, a decrease of 62.82% compared to ¥208,365,411.57 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥62,138,157.44, representing a decline of 3,537.76% from a profit of ¥1,807,520.41 in the previous year[8] - The net cash flow from operating activities was negative at ¥36,126,858.66, worsening by 374.75% compared to a negative cash flow of ¥7,609,697.55 in the same period last year[8] - Revenue decreased by 62.82% compared to the same period last year, primarily due to reduced rainfall and lower power generation, as well as decreased sales area for the "Taihe Garden" residential project[19] - Operating costs decreased by 47.02% year-on-year, mainly due to reduced power generation leading to lower corresponding costs[19] - Net profit attributable to the parent company decreased by 3537.76% compared to the same period last year, driven by lower profits in the hydropower and real estate sectors[21] - Basic earnings per share decreased by 2927.08% year-on-year, reflecting the significant drop in net profit attributable to the parent company[21] - Cash received from sales of goods and services decreased by 35.94% compared to the previous year, mainly due to lower revenues in the hydropower and real estate sectors[24] Assets and Shareholder Information - The total assets at the end of the reporting period were ¥3,999,156,608.39, down 10.20% from ¥4,453,550,169.31 at the end of the previous year[8] - The company's total number of ordinary shareholders at the end of the reporting period was 38,797[11] - The largest shareholder, Ningde State-owned Assets Investment Management Co., Ltd., holds 47.31% of the shares, totaling 216,673,883 shares[11] Cash Flow and Financial Activities - Cash and cash equivalents decreased by 61.19% to ¥267,024,602.84 due to loan repayments and increased capital expenditures on wind power projects[17] - Tax refunds received increased by 184.53% year-on-year, primarily due to increased VAT refunds in the wind power sector[24] - Cash received from other operating activities increased by 36.15% compared to the same period last year, mainly due to the recovery of customer deposit guarantees in the real estate sector[24] - Cash obtained from borrowings decreased by 88.87% year-on-year, reflecting a reduction in bank loans compared to the previous year[24] - Cash paid for debt repayment increased by 45.37% compared to the same period last year, indicating an increase in bank loan repayments[24] - The company did not engage in any significant asset disposal activities during the reporting period, resulting in a 100% decrease in cash recovered from asset disposals[24] Non-Operating Losses - The company reported a significant increase in non-operating losses, totaling ¥721,689.43, primarily due to other operating income and expenses[9] - The company did not engage in any repurchase transactions among its top ten shareholders during the reporting period[12]

Financial Performance - The company's operating revenue for 2017 was CNY 901,400,202.39, representing a 39.66% increase compared to CNY 645,414,443.30 in 2016[16]. - The net profit attributable to shareholders for 2017 was CNY 22,588,936.08, a decrease of 14.21% from CNY 26,330,546.69 in 2016[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 21,451,613.56, down 31.87% from CNY 31,484,539.34 in 2016[16]. - The net cash flow from operating activities was CNY 299,380,241.67, a decline of 16.99% compared to CNY 360,646,530.76 in 2016[16]. - The total assets at the end of 2017 were CNY 4,453,550,169.31, an increase of 15.24% from CNY 3,864,565,691.58 at the end of 2016[16]. - The net assets attributable to shareholders increased by 46.26% to CNY 2,235,170,824.06 from CNY 1,528,247,411.97 in 2016[17]. - The basic earnings per share for 2017 was CNY 0.06, a decrease of 14.29% from CNY 0.07 in 2016[16]. - The diluted earnings per share for 2017 was also CNY 0.06, reflecting the same decrease of 14.29% from CNY 0.07 in 2016[16]. - The weighted average return on equity for 2017 was 1.37%, down from 1.74% in 2016[16]. Revenue Sources - The company reported a total hydropower generation of 114,899 MWh in 2017, a decrease of 27.96% compared to the previous year, primarily due to reduced rainfall[27]. - Wind power generation reached 17,682 MWh, an increase of 45.63% year-on-year, attributed to the full operation of the Xiapu New Energy Company[27]. - The company's total installed capacity was 470,500 kW at the end of 2017, with hydropower accounting for 76.7% (360,900 kW) and wind power 23.3% (109,600 kW)[26]. - The electricity sector contributed ¥486,005,622.77, accounting for 53.92% of total revenue, which is a 19.70% decrease from the previous year[48]. - The real estate segment generated operating revenue of CNY 396.75 million, with a significant increase of 2,229.71% year-on-year, contributing a net profit of CNY 51.89 million[39]. Investments and Projects - The company is actively pursuing the development of wind power projects, including the Xiapu Floating Eagle Island project, which has all 24 units connected to the grid as of March 2018[43]. - The company has established a joint venture with Xiamen Tungsten Co., Ltd. to produce 20,000 tons of lithium battery cathode materials annually, currently in the construction phase[43]. - The company has made a significant equity investment of ¥390,000,000.00 in Ningde Xinneng Co., holding a 30% stake, focusing on new energy technology research and development[69]. - The company is involved in ongoing major non-equity investments, with a total investment of ¥278,943,335.59 in the Xiapu Floating Wind Power Project, which is 90% complete[72]. - The company plans to expand its hydropower business through mergers and acquisitions, as the local hydropower resources are nearly exhausted[97]. Legal and Compliance Issues - The company is currently involved in litigation related to a debt dispute amounting to RMB 10,304,769.46 with a subsidiary, Shanghai Dongming Investment Co., Ltd.[127]. - The company is involved in multiple legal disputes, including a case where Fuzhou Mindong Hotel is required to pay ¥5,670,108 plus interest to Guansheng Company[129]. - The ongoing legal matters may impact the company's financial performance and cash flow in the near term[128]. - The company is actively managing its legal risks and liabilities associated with ongoing litigation[130]. - The company is currently awaiting a court decision regarding a significant procurement contract dispute that has been escalated to higher judicial authorities[131]. Social Responsibility and Community Engagement - The company actively participated in social responsibility initiatives, investing over 2.2 million in various poverty alleviation and public welfare projects throughout the year[166]. - The company has implemented a targeted poverty alleviation strategy, focusing on specific villages and enhancing local infrastructure to support community development[165][166]. - The company has committed to enhancing its brand image through active participation in social responsibility efforts[165]. - The company provided over 2.19 million RMB in funding for poverty alleviation efforts, helping 48 registered impoverished individuals to escape poverty[169]. - A total of 5 projects were initiated under the agricultural and forestry industry poverty alleviation program, with an investment of 700,000 RMB[170]. Shareholder and Capital Structure - The company completed a non-public offering of A-shares, issuing 84,951,455 shares at a price of 8.24 RMB per share, which was approved by the China Securities Regulatory Commission on August 11, 2017[185]. - The total number of shares outstanding after the issuance is 457,951,455 shares[186]. - The shares issued in the non-public offering are subject to a 36-month lock-up period, expiring on November 29, 2020[184]. - The controlling shareholder of the company is Ningde State-owned Assets Investment and Operation Co., Ltd., established on May 5, 1997, with a focus on managing state-owned assets and industrial investment[191]. - The actual controller is the Ningde Municipal Government State-owned Assets Supervision and Administration Commission, established on December 1, 2006, responsible for the supervision and management of state-owned assets[192].

Financial Performance - Total assets at the end of the reporting period decreased by 2.65% to CNY 3,762,142,337.18 compared to the end of the previous year[8] - Operating revenue for the reporting period increased by 35.48% to CNY 217,980,042.07, while year-to-date revenue rose by 52.51% to CNY 741,062,636.84[8] - Net profit attributable to shareholders increased by 10.56% to CNY 44,215,778.55 for the reporting period, but decreased by 14.97% year-to-date to CNY 102,321,295.87[8] - The net profit after deducting non-recurring gains and losses for the reporting period was CNY 44,298,047.83, up 11.11%, while year-to-date it decreased by 17.36% to CNY 99,567,112.77[8] - Cash flow from operating activities for the year-to-date increased by 11.26% to CNY 269,441,538.97[8] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 39,198[12] - The largest shareholder, Ningde State-owned Assets Investment Management Co., Ltd., holds 53.21% of the shares[12] Asset Changes - Cash and cash equivalents decreased by 50.98% compared to the beginning of the year due to increased cash payments for fixed assets and other long-term assets[16] - Accounts receivable increased by 49.07% compared to the beginning of the year, primarily due to increased electricity receivables and real estate sales receivables[16] - Construction in progress increased by 479.86% compared to the beginning of the year, mainly due to increased investments in wind power projects[16] - As of the end of the reporting period, the advance receipts decreased by 55.75% compared to the beginning of the year, mainly due to the recognition of revenue from the real estate subsidiary Dongsheng Real Estate's Taihe Garden project[17] Revenue and Costs - The operating revenue increased by 52.51% year-on-year, primarily due to the recognition of revenue from the real estate subsidiary Dongsheng Real Estate, leading to an increase in residential property sales revenue[17] - The operating cost increased by 121.58% year-on-year, mainly due to the recognition of revenue from the real estate subsidiary Dongsheng Real Estate, resulting in higher operating costs[17] - The tax and surcharges increased by 120.16% year-on-year, primarily due to the significant increase in revenue from residential properties recognized by the real estate sector[17] Profit Distribution - The net profit attributable to the parent company increased, leading to an increase in undistributed profits by 103.69% compared to the beginning of the year[17] Cash Flow and Investments - The cash received from tax refunds increased by 32.96% year-on-year, mainly due to the 50% VAT refund policy benefiting the wind power subsidiaries[18] - The cash paid for purchasing goods and accepting labor services decreased by 30.19% year-on-year, primarily due to reduced engineering payments by the subsidiary Dongsheng Real Estate[19] - The cash received from investment income decreased by 56.43% year-on-year, mainly due to reduced cash dividends from the associate Fujian Shouning Niutoushan Hydropower Co., Ltd.[19] - The cash net amount recovered from the disposal of fixed assets increased by 39,058.59% year-on-year, mainly due to increased gains from the disposal of scrapped fixed assets in the hydropower sector[19] - The cash paid for acquiring fixed assets increased by 411.01% year-on-year, primarily due to increased engineering progress payments by the wind power subsidiary[19] Regulatory and Compliance - The company is in the process of non-public stock issuance, which has received approval from the China Securities Regulatory Commission (CSRC) on August 11, 2017[25] - The company reported that there are no overdue commitments from actual controllers, shareholders, related parties, or acquirers during the reporting period[26] - There are no significant changes expected in the cumulative net profit for the year compared to the same period last year[27] - The company did not engage in any securities investments during the reporting period[28] - There were no derivative investments made by the company during the reporting period[29] - The company did not conduct any research, communication, or interview activities during the reporting period[30] - There were no violations regarding external guarantees during the reporting period[31] - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[32] Social Responsibility - The company has outlined its social responsibility efforts in targeted poverty alleviation for the third quarter[33] - The company allocated a total of 57.5 million yuan for targeted poverty alleviation efforts in the third quarter[34] - A total of 1.5 million yuan was specifically directed towards supporting 15 poverty alleviation households in Shifeng Village, Gutian Fengdu Town[34] - The company plans to further allocate 500,000 yuan for project support in Gantang Village by the end of 2017[37] - The company has committed to continue its poverty alleviation efforts in the fourth quarter of 2017[36] - The company aims to track and consolidate the support for 11 households that have already escaped poverty and assist 4 remaining households by the end of 2017[37] - A total of 56 million yuan was invested in infrastructure projects, including road and water supply improvements in impoverished areas[34] - The company is actively engaging in social responsibility initiatives, including educational support and disaster relief efforts[37] - The company has undertaken 6 specific poverty alleviation projects during the reporting period[35] - The company emphasizes the importance of improving living conditions for local villagers through infrastructure and public welfare investments[37] - The company is committed to providing targeted assistance to employees and party members facing difficulties[37]

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 523,082,594.77, representing a 60.94% increase compared to CNY 325,012,083.01 in the same period last year[17]. - The net profit attributable to shareholders of the listed company decreased by 27.68% to CNY 58,105,517.32 from CNY 80,346,086.51 year-on-year[17]. - The net profit after deducting non-recurring gains and losses was CNY 55,269,064.94, down 31.44% from CNY 80,609,145.91 in the previous year[17]. - The net cash flow from operating activities was CNY 98,984,522.41, a decrease of 14.00% compared to CNY 115,099,768.72 in the same period last year[17]. - Basic earnings per share were CNY 0.1558, down 27.67% from CNY 0.2154 in the previous year[17]. - Total assets at the end of the reporting period were CNY 3,817,504,099.32, a decrease of 1.22% from CNY 3,864,565,691.58 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company increased by 3.19% to CNY 1,577,027,936.34 from CNY 1,528,247,411.97 at the end of the previous year[17]. - The weighted average return on net assets was 3.73%, down from 5.21% in the previous year[17]. - The company reported non-recurring gains and losses totaling CNY 2,836,452.38 during the reporting period[21]. Revenue and Costs - The company achieved a total hydropower generation of 60,594 MWh, a decrease of 29.73% compared to the same period last year, primarily due to reduced rainfall[23]. - The company completed wind power generation of 8,073 MWh, an increase of 79.36% year-on-year, attributed to the full production of its subsidiary Minjian Xiapu[23]. - Operating costs surged by 165.40% to CNY 318,127,602.12, attributed to the recognition of costs associated with the "Taihe Garden" project[34]. - Sales expenses increased by 157.85% to CNY 2,700,019.03, driven by higher marketing and advertising costs compared to the previous year[34]. Investments and Projects - The company invested 30 million RMB in Ningde Xiatung New Energy Materials Co., and 7 million RMB in Ningde Power Distribution and Sales Co.[28]. - The company is currently engaged in a wind power project with an investment of 192,930,735.91 yuan, which is 44.50% complete[48]. - The cumulative actual investment in the wind power project as of the reporting period is 212,348,360 yuan[48]. - The company has a new wind power project with an investment of 36,737,273.27 yuan, which is currently under construction and has not yet generated revenue[49]. - The cumulative actual investment in the new wind power project is 39,203,579 yuan, with a completion rate of 6.89%[49]. Legal and Compliance Issues - The company is currently engaged in multiple legal proceedings, indicating potential financial implications[81]. - The company is involved in a legal dispute where it is seeking a refund of 69,373.56 CNY and a tax invoice for 27,314,830 CNY from a contractor[81]. - The company has filed a counterclaim for 5,670,108 CNY in project payments and interest of 4,127,627 CNY against the hotel[81]. - The court has yet to make a final ruling on the ongoing legal cases[81]. - The company is actively managing its legal risks and liabilities arising from these disputes[82]. Shareholder and Governance - The total number of ordinary shareholders at the end of the reporting period was 41,441[128]. - The largest shareholder, Ningde State-owned Assets Investment Management Co., Ltd., holds 53.21% of the shares, totaling 198,470,000 shares[129]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[131]. - The company has established a corporate governance structure including a board of directors, supervisory board, and various departments to manage its operations effectively[179]. Environmental and Social Responsibility - The company has engaged in targeted poverty alleviation efforts, supporting various villages with infrastructure improvements and financial assistance totaling over 600,000 yuan in the first half of the year[116]. - The company has helped 11 out of 15 targeted poverty households achieve poverty alleviation, with an average annual income exceeding 3,479 yuan[117]. - The company continues to enhance management and support local poverty alleviation initiatives through project cooperation and funding[115]. Financial Management and Strategy - The company plans to enhance resource utilization, improve operational efficiency, and diversify investments to mitigate risks and improve financial performance[70]. - The company will strengthen financial management and optimize financing structures to support sustainable development and investment needs[70]. - The semi-annual financial report was not audited, which may affect the reliability of the financial data presented[142]. - The company is focused on maintaining its current financial strategies without significant changes in capital structure or new investments reported during this period[176].

Financial Performance - The company's operating revenue for Q1 2017 was ¥208,365,411.57, representing a 56.28% increase compared to ¥133,325,795.10 in the same period last year[8] - Net profit attributable to shareholders decreased by 87.30% to ¥1,807,520.41 from ¥14,226,873.53 year-on-year[8] - The net profit after deducting non-recurring gains and losses dropped by 99.11% to ¥128,857.07 compared to ¥14,462,556.64 in the previous year[8] - Basic and diluted earnings per share fell by 87.40% to ¥0.0048 from ¥0.0381 year-on-year[8] - The weighted average return on equity decreased to 0.12%, down by 0.82% from 0.94% in the previous year[8] Cash Flow and Assets - The net cash flow from operating activities was negative at -¥7,609,697.55, a decline of 121.93% from ¥34,703,173.21 in the same period last year[8] - Total assets at the end of the reporting period were ¥3,773,084,055.91, a decrease of 2.37% from ¥3,864,565,691.58 at the end of the previous year[8] - Net assets attributable to shareholders increased slightly by 0.12% to ¥1,530,054,932.38 from ¥1,528,247,411.97 at the end of the previous year[8] - As of the end of the reporting period, cash and cash equivalents decreased by 31.81% compared to the beginning of the year, primarily due to loan repayments and the cashing out of 2016 performance bonuses[15] Revenue and Costs - Operating revenue increased by 56.28% year-on-year, mainly driven by the revenue recognition of the "Taihe Garden" residential project by the real estate subsidiary Dongsheng Real Estate[15] - Operating costs surged by 158.80% year-on-year, attributed to the cost recognition of the "Taihe Garden" residential project based on the sales area ratio[15] - Tax and surcharges increased by 241.51% year-on-year, reflecting the rise in sales revenue from the real estate subsidiary and the associated tax expenses[15] - Sales expenses rose by 40.91% year-on-year, primarily due to increased advertising and promotional costs in the real estate sector[15] Investments and Financing - Cash received from tax refunds increased by 315.99% year-on-year, mainly due to a 50% VAT refund in the wind power sector[16] - Cash paid for fixed assets, intangible assets, and other long-term assets increased by 484.76% year-on-year, primarily due to payments for engineering progress and wind turbine auxiliary equipment in the wind power sector[16] - Investment income decreased by 180.91% year-on-year, mainly due to reduced earnings from the shipbuilding and hydropower sectors[15] - The company’s non-public issuance of A-shares was approved by the board and received regulatory approval, with adjustments made to the fundraising projects[17][18] - The company is in the process of reviewing its public bond issuance plan, which has been approved by the board and is currently under review by the regulatory authority[19] - The company is currently undergoing a non-public stock issuance process, which is under review by the China Securities Regulatory Commission[21] Compliance and Commitments - There are no overdue commitments from actual controllers, shareholders, related parties, or acquirers during the reporting period[22] - The company reported no violations regarding external guarantees during the reporting period[27] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[28] Outlook and Activities - The company does not anticipate significant changes in net profit for the first half of 2017 compared to the same period last year[23] - There were no securities investments made during the reporting period[24] - The company did not engage in any derivative investments during the reporting period[25] - There were no research, communication, or interview activities conducted during the reporting period[26]

Financial Performance - The company's operating revenue for 2016 was CNY 645,414,443.30, a decrease of 29.09% compared to CNY 910,134,659.88 in 2015[15]. - The net profit attributable to shareholders for 2016 was CNY 26,330,546.69, representing an increase of 14.95% from CNY 22,905,181.50 in 2015[15]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 31,484,539.34, up 62.98% from CNY 19,318,108.15 in 2015[15]. - The net cash flow from operating activities reached CNY 360,646,530.76, a significant increase of 638.41% compared to CNY 48,840,985.43 in 2015[15]. - The total assets at the end of 2016 were CNY 3,864,565,691.58, an increase of 12.98% from CNY 3,420,569,189.59 at the end of 2015[15]. - The net assets attributable to shareholders at the end of 2016 were CNY 1,528,247,411.97, a growth of 1.75% from CNY 1,501,916,865.28 at the end of 2015[15]. - Basic earnings per share for 2016 were CNY 0.07, an increase of 16.67% from CNY 0.06 in 2015[15]. - The weighted average return on net assets was 1.74% for 2016, up from 1.54% in 2015[15]. - The company reported a significant increase in cash flow from operating activities, amounting to 360.65 million yuan, a 638.41% increase year-on-year[35]. - The company achieved total assets of 67,448.52 million CNY and a net asset of 7,309.26 million CNY, with an operating income of 6,501.67 million CNY and a loss of 3,318.18 million CNY for the reporting period[77]. Revenue Sources - Revenue from the electricity sector increased by 49.80% to ¥605,256,681.44, accounting for 93.78% of total revenue[45]. - Real estate revenue plummeted by 96.45% to ¥17,033,795.39, representing only 2.64% of total revenue[45]. - The company achieved total revenue of 13,893,760.88 CNY from a legal case settlement, with a penalty interest rate of 2% per month starting from September 30, 2013[123]. - The company reported a total revenue of 29,607,975.3 RMB for the year[124]. Investments and Acquisitions - The company acquired 70% equity in Fuan Guodian Fucheng Hydropower Co., increasing hydropower capacity by 30,000 kW[38]. - The company established a new subsidiary, Ningde Jiaocheng Mindian New Energy Co., Ltd., and acquired 70% of the shares in Fuan Guodian Fucheng Hydropower Co., Ltd.[52]. - The company completed the acquisition of Guodian Fuan Hydropower Co., Ltd. for a total investment of CNY 120 million, holding a 70% stake[65]. - The company is actively pursuing non-public stock issuance and bond issuance to expand financing channels, with plans already approved by the board and shareholders[40]. - The company plans to expand its hydropower capacity through mergers and acquisitions, as local resources are nearly exhausted and competition is low[86]. Operational Highlights - The company's installed capacity as of the end of 2016 was 470,500 kW, with hydropower accounting for 76.71% and wind power for 23.29%[27]. - The total electricity generation capacity added in 2016 was 12,061 MW, with hydropower contributing 1,174 MW and thermal power 4,836 MW[24]. - The company completed hydropower generation of 159,487 million kWh, an increase of 42.80% year-on-year, and hydropower sales volume of 156,283 million kWh, up 42.97%[34]. - Wind power generation reached 12,142 million kWh, a 65.58% increase, with wind power sales volume at 11,709 million kWh, up 65.83%[34]. - The company is focused on expanding its renewable energy portfolio, particularly in wind and hydropower sectors[67]. Financial Management and Dividend Policy - The company plans to distribute a cash dividend of CNY 0.25 per 10 shares, totaling CNY 9,325,000 based on 373,000,000 shares[4]. - The cash dividend distribution represents 35.42% of the net profit attributable to the parent company for 2016[106]. - The company has committed to distributing at least 30% of the average distributable profit over three consecutive years in cash dividends[108]. - The company’s cash dividend for 2016 is fully funded from the available distributable profit[106]. - The company has revised its profit distribution policy to ensure stable and sustainable returns to investors, prioritizing cash dividends[99]. Legal and Compliance Issues - The company is currently involved in a lawsuit with Fuzhou Mindong Hotel, with a claim amount of 5,809,700 RMB for refunding and issuing tax invoices[120]. - The company faces a counterclaim from Fujian Guansheng Decoration Engineering Co., Ltd. for 5,670,108 RMB in project payments and interest[121]. - The company has been involved in multiple legal disputes, highlighting potential risks in its operational environment[123]. - The company is actively pursuing legal actions to recover debts, which may impact its cash flow and financial stability[123]. - The company has not encountered any significant accounting errors requiring restatement during the reporting period, indicating stable financial management[115]. Social Responsibility and Community Engagement - The company invested over CNY 500 million in various poverty alleviation and public welfare projects throughout the year[157]. - CNY 300 million was allocated for infrastructure construction support in targeted poverty-stricken villages, improving living conditions for farmers[159]. - The company has established a leadership group for poverty alleviation, actively engaging in targeted assistance to key poverty-stricken areas[157]. - The company has committed to continuing its social responsibility efforts and participating in poverty alleviation initiatives[160]. - Total social responsibility donations, including funds, materials, and services, amounted to CNY 280 million[167]. Shareholder and Governance Structure - The largest shareholder, Ningde State-owned Assets Investment Management Co., Ltd., holds 198,470,000 shares, representing 53.21% of total shares[176]. - The total number of shareholders at the end of the reporting period is 29,805, a decrease from 38,214 at the end of the previous month[175]. - The company has a structured compensation management system for directors, supervisors, and senior management, based on overall income levels and operational performance[193]. - The company has maintained a stable leadership team, with key personnel holding their positions for several years, contributing to continuity in management[186][187][188][189][190][191]. - The company has a clear decision-making process for compensation, involving both the board and shareholders, ensuring transparency[193].

Financial Performance - Total assets increased by 12.79% to ¥3,858,040,183.07 compared to the end of the previous year[8] - Net profit attributable to shareholders increased by 18.86% to ¥39,993,534.91 for the current period[8] - Operating revenue decreased by 3.72% to ¥160,896,477.72 compared to the same period last year[8] - Net cash flow from operating activities increased significantly by 852.42% to ¥242,180,937.38 year-to-date[8] - Basic earnings per share rose by 18.85% to ¥0.1072 for the current period[8] - The weighted average return on equity increased to 2.56%, up from 0.33% at the end of the previous year[8] - The company reported a net profit of ¥120,339,621.42 year-to-date, reflecting a 95.11% increase compared to the same period last year[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,345[11] - The largest shareholder, Ningde State-owned Assets Investment Management Co., Ltd., holds 53.21% of the shares[11] - There were no significant related party transactions among the top ten shareholders during the reporting period[12] Revenue and Costs - Accounts receivable increased by 41.65% compared to the beginning of the year, mainly due to increased electricity sales in the water and electricity industry[15] - Prepayments increased by 54.10% compared to the beginning of the year, primarily due to increased advance payments for equipment in the water and wind power sectors[15] - Operating income decreased by 34.36% year-on-year, mainly due to reduced sales revenue in the real estate sector[16] - Operating costs decreased by 56.35% year-on-year, primarily due to lower sales costs in the real estate sector[16] - Cash received from sales of goods and services increased by 70.10% year-on-year, mainly due to increased sales revenue in the water and electricity sector[17] - Investment income increased by 200.43% year-on-year, primarily due to increased earnings from the associate company Niutoushan Hydropower[16] Borrowings and Liabilities - Long-term borrowings increased by 36.25% compared to the beginning of the year, mainly due to the acquisition of 70% equity in Fuan Guodian Fucheng Hydropower Co., Ltd.[15] - Deferred income tax liabilities increased by 159.93% compared to the beginning of the year, mainly due to deferred tax liabilities recognized by the real estate sector's subsidiary[15] Capital Raising and Compliance - The company plans to use 200 million yuan from its non-public offering of A-shares for the Ningde Hubai Wind Power Project[18] - The company’s non-public offering of A-shares has been approved by the Fujian Provincial State-owned Assets Supervision and Administration Commission[19] - The company has received approval from the State-owned Assets Supervision and Administration Commission for the non-public issuance of A-shares, which was passed at the second extraordinary general meeting of shareholders in 2016[22] - The company plans to issue corporate bonds, which was approved at the fifth extraordinary meeting of the sixth board of directors on June 24, 2016[22] - The company has committed to not infringe on company interests and to fulfill its obligations regarding the issuance of shares and related matters[24] - The company has disclosed its self-inspection report regarding real estate development projects, confirming no undisclosed land idling or illegal activities that could harm the company or investors[25] - The company has made commitments to ensure compliance with new regulations from the China Securities Regulatory Commission and to provide supplementary commitments if necessary[26] - The company has pledged to improve its compensation system to align with immediate return requirements and support the board of directors in related decisions[26] - The company has not violated any commitments made during the asset restructuring process[23] - The company is actively preparing materials in accordance with the feedback from the China Securities Regulatory Commission for the administrative licensing review[22] - The company has committed to bear compensation responsibilities for any losses caused to the company or investors due to violations of commitments[25] - The company has confirmed that all commitments made during the initial public offering or refinancing remain valid and unviolated[23] - The company has committed to linking the stock incentive plan's exercise conditions with the execution of performance return measures[27] Risks and Compliance - There is a warning regarding the potential for significant changes in cumulative net profit from the beginning of the year to the next reporting period, indicating possible losses[30] - The company has not engaged in any securities investments during the reporting period[31] - There were no derivative investments made by the company during the reporting period[32] - The company did not conduct any research, communication, or interview activities during the reporting period[32] - There were no instances of non-compliant external guarantees during the reporting period[33] - The company reported no non-operating fund occupation by controlling shareholders or their affiliates during the reporting period[34] - The commitment made by the controlling shareholder to not reduce their holdings within six months has been fulfilled[29]