MEP(000993)
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闽东电力(000993) - 2017 Q4 - 年度财报
2018-03-30 16:00
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].
闽东电力(000993) - 2017 Q3 - 季度财报
2017-10-30 16:00
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]
闽东电力(000993) - 2017 Q2 - 季度财报
2017-08-30 16:00
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].
闽东电力(000993) - 2017 Q1 - 季度财报
2017-04-28 16:00
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]
闽东电力(000993) - 2016 Q4 - 年度财报
2017-03-31 16:00
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].
闽东电力(000993) - 2016 Q3 - 季度财报
2016-10-30 16:00
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]
闽东电力(000993) - 2016 Q2 - 季度财报
2016-08-30 16:00
Financial Performance - The company's operating revenue for the first half of 2016 was ¥325,012,083.01, a decrease of 43.29% compared to the same period last year[19]. - The net profit attributable to shareholders was ¥80,346,086.51, representing an increase of 186.62% year-on-year[19]. - The net cash flow from operating activities reached ¥115,099,768.72, a significant improvement from a negative cash flow of ¥115,199,238.78 in the previous year, marking a 199.91% increase[19]. - The total assets at the end of the reporting period were ¥3,836,687,161.36, up 12.17% from the end of the previous year[19]. - The company's total operating revenue for the reporting period was CNY 32,501,000, a decrease of CNY 24,814,000 or 43.29% compared to the same period last year[30]. - The company's operating profit increased to CNY 9,916,000, a rise of 126.19% year-on-year, primarily due to increased hydropower generation from abundant rainfall[30]. - The net profit attributable to the parent company was CNY 8,035,000, reflecting an increase of 186.66% compared to the previous year[30]. - The company reported a basic earnings per share of ¥0.2154, which is a 186.44% increase from ¥0.0752 in the same period last year[19]. Hydropower and Renewable Energy - The company completed hydropower generation of 86,227 million kWh, an increase of 130.53% compared to the same period last year[27]. - The hydropower sales volume was 84,525 million kWh, reflecting a 131.23% increase year-on-year, primarily due to increased rainfall[27]. - Wind power generation reached 4,501 million kWh, up 23.11% year-on-year, with sales volume increasing by 23.61% to 4,351 million kWh[27]. - The company is focused on expanding its hydropower and renewable energy projects[48]. - The company acquired a 70% stake in Fuan Guodian Fucheng Hydropower Co., Ltd. through a non-controlling merger, enhancing its hydropower capacity and improving financial resilience[74]. Investments and Financial Management - The company reported a 608.65% increase in investment income, amounting to CNY 14,930,000, due to improved net profits from its associate company[32]. - The company holds a 10% stake in Fujian Ningde Rural Commercial Bank, with an initial investment of CNY 39 million and a reported gain of CNY 14.47 million during the reporting period[38]. - The company made an external investment of CNY 220,000,000, maintaining a 100% stake in Xiapu County Fuying Island Wind Power Co., Ltd.[37]. - The company has a registered capital of CNY 100 million for its subsidiaries involved in hydropower development[49]. - The company has a registered capital of 150 million yuan and holds an 80% stake in Aerospace Minjian New Energy Investment Co., Ltd.[51]. Legal and Compliance Issues - The company is currently involved in a legal dispute with a claim amounting to 5.81 million yuan, which is under review by the court[61]. - The company is involved in a forced execution case with China Foreign Transportation Fujian Co., which is still ongoing[63]. - The company has agreed to a settlement with the execution and reconciliation of the case involving the Ring Three Industrial Company and China Foreign Transportation[63]. - The court ruled that Shanghai Xiangfeng Building Materials Management Co., Ltd. must pay Ningde City Huan San Industrial Co., Ltd. a total of RMB 4,052,271 for goods and RMB 405,227.10 as penalty interest[65]. - The company is actively managing its legal risks and ensuring compliance with court rulings to mitigate financial impacts[66]. Corporate Governance and Transparency - The company emphasizes the importance of information disclosure and has participated in investor relations activities to enhance communication with investors[59]. - The company has established a comprehensive corporate governance structure, ensuring compliance with relevant laws and regulations[58]. - The financial statements are prepared in accordance with the accounting standards set by the Ministry of Finance, ensuring compliance and transparency[163][168]. - The company has not reported any new product developments or market expansion strategies in the current report[66]. - The company is focused on maintaining transparency in its financial reporting and legal proceedings to uphold investor confidence[66]. Shareholder and Equity Information - The total number of common shareholders at the end of the reporting period is 29,808[105]. - The largest shareholder, Ningde State-owned Assets Investment and Operation Co., Ltd., holds 53.21% of the shares, totaling 198,470,000 shares[105]. - The company has not distributed cash dividends or bonus shares during the reporting period, maintaining a policy of no profit distribution[55]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[107]. - The company did not report any new capital contributions from shareholders during the period[150]. Cash Flow and Financial Position - The company's cash and cash equivalents at the end of the reporting period amount to ¥192,924,208.29, an increase from ¥178,325,566.11 at the beginning of the period[119]. - Accounts receivable increased to ¥107,276,625.34 from ¥69,500,068.74, reflecting a growth of approximately 54.3%[119]. - The company's non-current assets total ¥2,616,147,796.09, compared to ¥2,244,739,760.58 at the beginning of the period, representing an increase of approximately 16.5%[120]. - The total liabilities increased to CNY 1,764,675,417.81, compared to CNY 1,482,245,425.99 at the start of the year[126]. - The total owner's equity at the end of the period was 1,274,041.00 million yuan[151]. Operational Strategies and Future Outlook - The company has a strong focus on continuous improvement and innovation in its operational strategies to enhance market competitiveness[162]. - The company is expanding its market presence through strategic acquisitions, addressing resource bottlenecks in hydropower development[71]. - The company reported a net cash flow from operating activities expected to be positive over the next 12 months, indicating strong operational sustainability[166]. - The company’s main business activities include electricity production and development, real estate development, and mineral resource exploration and mining[160]. - The company continues to monitor its financial health and legal obligations closely to maintain operational stability[66].
闽东电力(000993) - 2016 Q1 - 季度财报
2016-04-29 16:00
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闽东电力(000993) - 2015 Q4 - 年度财报
2016-04-14 16:00
福建闽东电力股份有限公司 2015 年年度报告全文 福建闽东电力股份有限公司 2015 年年度报告 2016 年 04 月 1 福建闽东电力股份有限公司 2015 年年度报告全文 第一节 重要提示、目录和释义 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的 真实、准确、完整,不存在虚假记载、误导性陈述或重大遗漏,并承担个别和 连带的法律责任。 公司负责人张斌、主管会计工作负责人杨小明及会计机构负责人(会计主管 人员)李晋声明:保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本年度报告涉及的未来计划、发展战略、工作思路等前瞻性描述,不构成 公司对投资者的实质承诺,敬请投资者注意投资风险。 本年度报告涉及的未来计划、发展战略、工作思路等前瞻性描述,不构成 公司对投资者的实质承诺,敬请投资者注意投资风险。 公司计划不派发现金红利,不送红股,不以公积金转增股本。 2 | 第一节 重要提示、目录和释义 2 | | --- | | 第二节 公司简介和主要财务指标 5 | | 第三节 公司业务概要 9 | | 第四节 管理层讨论与分析 11 | | 第五节 重要事项 ...
闽东电力(000993) - 2015 Q3 - 季度财报
2015-10-30 16:00
福建闽东电力股份有限公司 2015 年第三季度报告正文 证券代码:000993 证券简称:闽东电力 公告编号:2015 临-35 福建闽东电力股份有限公司 2015 年第三季度报告正文 1 福建闽东电力股份有限公司 2015 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。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人张斌、主管会计工作负责人杨小明及会计机构负责人(会计主管人员)李晋声明:保证季度报告中财务报表的 真实、准确、完整。 福建闽东电力股份有限公司 2015 年第三季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 √ 是 □ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度 | | --- | --- | --- | --- | --- | | | | | | 末增减 | | | | 调整前 | 调整后 | 调整后 | | 总资产(元) | ...