贵州黔源电力股份有限公司 2019 年半年度报告全文 贵州黔源电力股份有限公司 2019 年半年度报告 2019035 2019 年 08 月 1 贵州黔源电力股份有限公司 2019 年半年度报告全文 公司存在经营风险、政策性风险及市场风险，敬请广大投资者注意投资风 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 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。 公司负责人刘靖、主管会计工作负责人史志卫及会计机构负责人(会计主管 人员)吴磊声明：保证本半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。 险。详细内容见本报告"第四节、经营情况讨论与分析"中的相关说明。 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 贵州黔源电力股份有限公司 2019 年半年度报告全文 目录 | --- | |------------------------------------------------------------------------------------------------ ...

贵州黔源电力股份有限公司 2019 年第一季度报告全文 贵州黔源电力股份有限公司 2019 年第一季度报告 2019028 2019 年 04 月 1 贵州黔源电力股份有限公司 2019 年第一季度报告全文 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。 公司负责人刘靖、主管会计工作负责人史志卫及会计机构负责人(会计主管 人员)吴磊声明：保证季度报告中财务报表的真实、准确、完整。 2 贵州黔源电力股份有限公司 2019 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|-------------------|-------------------|----------------------------| | □ 是 √ ...

贵州黔源电力股份有限公司 2018 年年度报告全文 贵州黔源电力股份有限公司 2018 年年度报告 2019012 2019 年 03 月 1 贵州黔源电力股份有限公司 2018 年年度报告全文 第一节 重要提示、目录和释义 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。 公司负责人刘靖、主管会计工作负责人史志卫及会计机构负责人(会计主管 人员)吴磊声明：保证年度报告中财务报告的真实、准确、完整。 除下列董事外，其他董事亲自出席了审议本次年报的董事会会议 未亲自出席董事姓名 未亲自出席董事职务 未亲自出席会议原因 被委托人姓名 郑毅 董事 因公出差 胡北忠 公司存在市场风险、行业发展政策风险，敬请广大投资者注意投资风险。 详细内容见本报告"第四节、经营情况讨论与分析"中的相关说明。 公司经本次董事会审议通过的利润分配预案为：以 305,398,662 股为基数， 向全体股东每 10 股派发现金红利 3.00 元（含税），送红股 0 股（含税），不以公 积金转增股本。 2 贵州黔源电力股份有限公司 2018 ...

Financial Performance - Operating revenue for the reporting period was approximately ¥740.38 million, down 40.89% year-on-year[8] - Net profit attributable to shareholders of the listed company was approximately ¥152.77 million, a decrease of 48.72% compared to the same period last year[8] - Basic earnings per share decreased by 48.72% to ¥0.5002[8] - The weighted average return on net assets was 6.16%, down 7.19% year-on-year[8] - Net cash flow from operating activities was approximately ¥556.16 million, a decrease of 15.70% compared to the same period last year[8] - The company reported no significant non-recurring gains or losses during the reporting period[10] - The company’s operating income from non-operating activities fell by 98.70% to ¥199,857.66, due to a decrease in VAT refunds[16] Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥16.77 billion, a decrease of 2.11% compared to the end of the previous year[8] - Net assets attributable to shareholders of the listed company increased by 8.54% to approximately ¥2.56 billion[8] - Cash and cash equivalents increased by 1,604.78% to ¥103,339,763.06 from a negative balance of ¥6,867,429.30[16] - Accounts receivable rose by 64.09% to ¥181,319,158.10, attributed to an increase in settled electricity volume[16] - Deferred income tax assets increased by 30.65% to ¥2,093,074.77 due to a rise in accounts receivable and bad debt provisions[16] - The company reported a significant decrease in asset impairment losses by 81.91% to ¥3,896,441.54, due to a reduction in receivables[16] - Other receivables surged by 738.83% to ¥5,104,692.64, primarily from unrecovered compensation for water and electricity losses[16] - The company’s long-term debt due within one year increased by 49.32% to ¥1,216,316,909.83, reflecting an increase in borrowings[16] - Other current liabilities decreased by 44.20% to ¥93,773,706.04, mainly due to a reduction in dividends payable[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,696[12] - The largest shareholder, China Huadian Corporation, held 13.58% of the shares[12] Future Outlook - The company expects net profit attributable to shareholders for 2018 to range between ¥24,026.24 million and ¥33,636.74 million, reflecting a decrease of 25.00% to an increase of 5.00% compared to 2017[20] - The company plans to continue monitoring the impact of water supply on power generation and revenue for future performance assessments[20]

Financial Performance - Operating revenue for the reporting period was ¥740,382,657.56, down 40.89% year-on-year[8] - Net profit attributable to shareholders of the listed company decreased by 48.72% to ¥152,773,121.98[8] - Basic earnings per share were ¥0.5002, a decline of 48.72% compared to the same period last year[8] - The net cash flow from operating activities was ¥556,163,006.98, down 15.70% year-on-year[8] - The weighted average return on net assets was 6.16%, a decrease of 7.19% compared to the previous year[8] - The company expects net profit attributable to shareholders for 2018 to range between ¥24,026.24 million and ¥33,636.74 million, reflecting a decrease of 25.00% to an increase of 5.00% compared to the previous year[20] - The company’s operating income from non-operating activities fell by 98.70% to ¥199,857.66, largely due to a decrease in VAT refunds[16] - The company anticipates a decline in water inflow compared to the previous year, impacting power generation and revenue[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥16,772,496,105.57, a decrease of 2.11% compared to the end of the previous year[8] - Net assets attributable to shareholders of the listed company increased by 8.54% to ¥2,557,771,994.56[8] - Cash and cash equivalents increased by 1,604.78% to ¥103,339,763.06 from a negative balance of ¥6,867,429.30[16] - Accounts receivable rose by 64.09% to ¥181,319,158.10, attributed to an increase in settled electricity volume[16] - Deferred income tax assets increased by 30.65% to ¥2,093,074.77 due to a rise in accounts receivable and bad debt provisions[16] - The company reported a significant decrease in asset impairment losses by 81.91% to ¥3,896,441.54 due to a reduction in receivables[16] - Other receivables surged by 738.83% to ¥5,104,692.64, primarily from unrecovered compensation for water electricity losses and rental fees[16] - The company’s long-term debt due within one year increased by 49.32% to ¥1,216,316,909.83, reflecting an increase in borrowings[16] - Other current liabilities decreased by 44.20% to ¥93,773,706.04, mainly due to a reduction in dividends payable[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,696[12] - The top shareholder, China Huadian Corporation, held 13.58% of the shares, totaling 41,486,520 shares[12] Non-Recurring Items - The company reported non-recurring gains and losses totaling ¥5,660,822.44 for the year-to-date[9]

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 1,073,040,749.41, representing a 34.30% increase compared to CNY 799,000,192.49 in the same period last year[16] - The net profit attributable to shareholders was CNY 140,026,050.73, a significant increase of 197.09% from CNY 47,131,914.98 year-on-year[16] - The net cash flow from operating activities reached CNY 918,974,852.04, up 89.01% from CNY 486,192,005.37 in the previous year[16] - The basic earnings per share for the first half of 2018 was CNY 0.4585, reflecting a 197.15% increase from CNY 0.1543 in the same period last year[16] - Total profit amounted to CNY 27,780.76 million, a significant increase of 225.31% compared to the previous year[29] - Net profit attributable to shareholders was CNY 14,002.61 million, up 197.09% year-on-year[29] - Operating cash flow net amount was CNY 918,974,852.04, representing an increase of 89.01% year-on-year[31] - The gross profit margin for the electricity segment was 54.22%, with a year-on-year increase of 3.05%[34] Asset and Liability Overview - The total assets at the end of the reporting period were CNY 16,905,584,887.13, a decrease of 1.33% from CNY 17,133,952,893.94 at the end of the previous year[16] - The company's net assets attributable to shareholders increased by 2.06% to CNY 2,404,998,872.58 from CNY 2,356,568,372.66 at the end of the previous year[16] - Short-term borrowings increased to CNY 640 million, up 1.08% from the previous year[36] - The total liabilities decreased to CNY 12,400,659,403.05 from CNY 12,697,126,263.42, a reduction of about 2.3%[117] - Non-current liabilities decreased to CNY 9,226,278,536.51 from CNY 10,431,508,059.87, a decline of about 11.5%[117] Operational Highlights - The company completed a power generation of 4.073 billion kWh in the first half of 2018, which is a 38.32% increase compared to the previous year[24] - The company has seen a 4.75% increase in construction projects compared to the previous year, indicating ongoing expansion efforts[25] - The company emphasized the impact of climate conditions on operational performance, with potential fluctuations in electricity generation due to varying rainfall[51] Strategic Initiatives - The company plans to focus on the development of hydropower projects in the Beipanjiang and Furongjiang river basins, with a controllable installed capacity of 3.2305 million kW[24] - The company is actively enhancing its management quality and efficiency through a "comprehensive management improvement year" initiative[52] - The ongoing electricity market reforms are expected to increase competition, requiring the company to adapt its strategies accordingly[53] - The company plans to strengthen its marketing system and explore new sales strategies to navigate the evolving market landscape[54] - The company is committed to policy research to mitigate risks associated with regulatory changes affecting the electricity sector[52] Shareholder and Capital Structure - The total number of ordinary shareholders at the end of the reporting period was 18,820[98] - China Huadian Group holds 13.58% of the company's shares, totaling 41,486,520 shares[99] - Guizhou Wujiang Hydropower Development Co., Ltd. holds 12.40% of the company's shares, totaling 37,867,536 shares[99] - The total number of shares after the recent changes is 305,398,662[93] - The company has a total of CNY 305,398,662.00 in share capital, consistent with the previous reporting period[149] Poverty Alleviation Efforts - The company has established a poverty alleviation leadership group to implement national and provincial poverty alleviation policies since 2016[85] - In the first half of 2018, the company ensured that 208 impoverished households achieved poverty alleviation according to the standards set by the government[86] - The company organized 11 community meetings and 3 village representative meetings to promote poverty alleviation policies and address urgent issues faced by villagers[86] - The company allocated CNY 34,100 for the construction of the Party branch in Shuijiang Village and donated CNY 8,500 for educational materials[87] - A total of CNY 1 million is planned to support targeted poverty alleviation projects in Shuijiang Village[88] Financial Agreements and Transactions - The company has signed a financial services agreement with China Huadian Group Finance Co., Ltd. to obtain financial services for a period of three years[70] - The company has applied for a entrusted loan from its controlling shareholder, China Huadian Group Co., Ltd., totaling no more than 500 million yuan[70] - The company has entered into a financing lease agreement with 招银租赁公司 for a total financing amount of RMB 100 million, with a lease term of 5 years[74] - The company has signed a financing lease agreement with 景程文旅租赁公司 for the water dam of its subsidiary, with a financing amount of RMB 350 million and a lease term of 3 years[75] - The company has a total approved guarantee amount of RMB 85 million for its subsidiaries, with an actual guarantee balance of RMB 41.68 million, representing 17.33% of the company's net assets[80] Compliance and Governance - The financial report for the half-year period was not audited[113] - The company did not undergo any changes in its controlling shareholder during the reporting period[101] - There were no changes in the shareholding of directors, supervisors, and senior management during the reporting period[107] - The company has not reported any projects that contributed to over 10% of the total profit during the reporting period[77] - The company has not engaged in any violations regarding external guarantees during the reporting period[81]

贵州黔源电力股份有限公司 2018 年第一季度报告正文 证券代码：002039 证券简称：黔源电力 公告编号：2018027 贵州黔源电力股份有限公司 2018 年第一季度报告正文 1 贵州黔源电力股份有限公司 2018 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人刘靖、主管会计工作负责人罗涛及会计机构负责人(会计主管人 员)罗娟娟声明：保证季度报告中财务报表的真实、准确、完整。 2 贵州黔源电力股份有限公司 2018 年第一季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 387,832,276.46 | 311,213,383.21 | 24.62% | | 归属于上市公司股东的净利润（元） | ...

Financial Performance - The company's operating revenue for 2017 was CNY 2,419,414,720.06, representing a 26.14% increase compared to CNY 1,918,108,123.51 in 2016[16]. - The net profit attributable to shareholders for 2017 was CNY 320,349,916.90, a significant increase of 147.16% from CNY 129,613,733.58 in 2016[16]. - The net profit after deducting non-recurring gains and losses was CNY 314,756,921.18, up 157.94% from CNY 122,027,079.48 in 2016[16]. - The basic earnings per share for 2017 was CNY 1.0490, an increase of 147.17% compared to CNY 0.4244 in 2016[16]. - The weighted average return on equity rose to 14.39%, an increase of 8.25 percentage points from 6.14% in 2016[16]. - The total profit for the year was CNY 618.79 million, a significant increase of 129.85% compared to the previous year[30]. - The company's total operating costs for 2017 amounted to 1,158,658,174.94 yuan, reflecting a year-on-year increase of 19.86% from 966,596,751.88 yuan in 2016[39]. - The gross profit margin for the electricity segment was 51.68%, an increase of 2.76% year-on-year[36]. Assets and Liabilities - Total assets at the end of 2017 were CNY 17,133,952,893.94, a decrease of 2.01% from CNY 17,486,274,730.47 at the end of 2016[16]. - The net assets attributable to shareholders increased by 10.75% to CNY 2,356,568,372.66 from CNY 2,127,838,054.36 in 2016[16]. - The company's total liabilities decreased from CNY 13,315,138,641.06 to CNY 12,697,126,263.42, a reduction of approximately 4.6%[188]. - The company's equity attributable to shareholders increased from CNY 2,127,838,054.36 to CNY 2,356,568,372.66, reflecting a growth of about 10.7%[189]. Cash Flow - The net cash flow from operating activities for 2017 was CNY 1,583,543,326.36, a decrease of 19.69% from CNY 1,971,799,499.55 in 2016[16]. - The cash flow from operating activities was CNY 1,583.54 million, a decrease of 19.69% year-on-year[30]. - The total cash inflow from financing activities decreased by 47.81% to 620,000,000.00 yuan in 2017 from 1,187,875,000.00 yuan in 2016[45]. - The cash outflow from investment activities decreased by 42.89% to 215,269,723.77 yuan in 2017 from 376,935,782.18 yuan in 2016[45]. Dividends - The company plans to distribute a cash dividend of CNY 3.00 per 10 shares to all shareholders[4]. - In 2017, the company distributed cash dividends of 91,619,598.60 CNY, which is 28.60% of the net profit attributable to shareholders[75]. - The cash dividend per 10 shares for 2017 was set at 3.00 CNY, with a total cash dividend amounting to 91,619,598.60 CNY[77]. Innovation and Development - The company applied for 23 national patents in 2017, with 19 accepted and 4 authorized, showcasing its commitment to innovation[30]. - The company implemented a lean scheduling strategy, resulting in an additional electricity generation of 432 million kWh through efficient water resource management[30]. Market and Operational Environment - The company faces significant operational risks due to its dependence on climate conditions, which can lead to fluctuations in electricity generation and financial performance[67]. - The company is adapting to the ongoing electricity market reforms, which will increase competition and change pricing mechanisms, potentially impacting revenue[64]. - The company expects a 5.5% growth in national electricity consumption for 2018, maintaining a stable growth level[61]. - The proportion of non-fossil energy generation capacity is projected to rise to approximately 40% by the end of 2018[61]. Governance and Management - The company has not experienced any major litigation or arbitration matters during the reporting period[85]. - The current domestic accounting firm is Lixin Certified Public Accountants, with an audit service fee of 500,000 RMB and a continuous service period of 5 years[84]. - The company has a structured approach to determining the remuneration of directors, supervisors, and senior management based on their administrative positions and roles[148]. - The management team includes professionals with extensive experience in finance and engineering, contributing to the company's operational efficiency[145]. Shareholder Structure - The largest shareholder, China Huadian Group Corporation, holds 13.58% of the shares, totaling 41,486,520 shares[126]. - The second largest shareholder, Guizhou Wujiang Hydropower Development Co., Ltd., holds 12.40% of the shares, totaling 37,867,536 shares[126]. - The company reported that the top ten unrestricted shareholders collectively hold 115,000,000 shares, representing a significant portion of the company's equity[128]. Environmental and Social Responsibility - The company invested CNY 36.68 million in poverty alleviation efforts during the reporting period, including support for local agricultural projects[113]. - The company plans to invest CNY 1 million in local projects for edible mushroom cultivation and pig farming to help alleviate poverty in Shuijiang Village[115]. - The company does not belong to the key pollutant discharge units as per the environmental protection department[116].

贵州黔源电力股份有限公司 2017 年第三季度报告正文 1 贵州黔源电力股份有限公司 2017 年第三季度报告正文 第一节 重要提示 贵州黔源电力股份有限公司 2017 年第三季度报告正文 证券代码：002039 证券简称：黔源电力 公告编号：2017037 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。 公司负责人刘靖、主管会计工作负责人罗涛及会计机构负责人(会计主管人 员)罗娟娟声明：保证季度报告中财务报表的真实、准确、完整。 2 贵州黔源电力股份有限公司 2017 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 17,551,518,499.85 | | 17,486,274,730.47 | 0.37% | | 归属于 ...

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 799 million, a decrease of 24.98% compared to CNY 1,065 million in the same period last year[16]. - The net profit attributable to shareholders was CNY 47 million, down 54.01% from CNY 102 million year-on-year[16]. - The net cash flow from operating activities was CNY 486 million, a decline of 57.97% compared to CNY 1,157 million in the previous year[16]. - The total assets at the end of the reporting period were CNY 17.32 billion, a decrease of 0.95% from CNY 17.49 billion at the end of the previous year[16]. - The company reported a basic earnings per share of CNY 0.1543, down 54.02% from CNY 0.3356 in the same period last year[16]. - Total profit decreased by 59.94% to CNY 85.4 million, while net profit attributable to shareholders fell by 54.01% to CNY 47.1 million[29]. - The company's gross margin for electricity sales was 51.17%, a decrease of 3.81% compared to the previous year[34]. - The total investment during the reporting period was CNY 39.79 million, a significant decrease of 60.26% from CNY 100.13 million in the same period last year[38]. - The company reported a decrease in cash and cash equivalents by 25.94% to CNY -68.91 million[31]. - The company reported a total profit of CNY 85 million for the first half of 2017, down from CNY 213 million in the same period of 2016, a decline of about 60%[121]. - The total comprehensive income for the first half of 2017 was CNY 73 million, down from CNY 188 million in the same period last year, indicating a decline of approximately 61%[122]. Operational Challenges - The installed capacity of the company's power stations reached 3.2305 million kilowatts, with a significant impact from reduced water inflow leading to decreased power generation[24]. - In the first half of 2017, the company's electricity generation decreased by 25.10% year-on-year to 2.945 billion kWh due to lower water inflow[29]. - The company faced operational pressures due to low water levels and reduced inflow, impacting overall performance[29]. - The company is focusing on remote centralized control to enhance operational efficiency and has integrated its control center into the South Grid dispatch system[26]. - The company maintained a focus on internal management and market expansion despite the challenges faced[29]. - The company faces operational risks due to the dependence on natural climate conditions, which can lead to fluctuations in power generation and performance[52]. Investment and Financing - The company plans to increase investment in ongoing projects, with construction projects increasing by 54.37% due to enhancements at the Puding Power Station and the Dongqing Power Station[25]. - The company has applied for a entrusted loan from its controlling shareholder, China Huadian Group, totaling no more than RMB 900 million (including RMB 900 million) to support daily operations and project funding needs[71]. - The company has entered into several sale-and-leaseback agreements, including a financing lease of RMB 100 million for equipment with a 5-year term and a financing lease of RMB 350 million for a dam with a 3-year term[75][76]. - The total cash inflow from financing activities was CNY 230,000,000.00, significantly lower than CNY 930,000,000.00 in the prior year[130]. - The cash outflow for financing activities totaled CNY 675,689,193.49, compared to CNY 2,019,490,657.38 in the previous year, reflecting a reduction in financing costs[130]. Shareholder Information - The total number of shares is 305,398,662, with 99.99% being unrestricted shares[93]. - The largest shareholder, China Huadian Corporation, holds 13.58% of the shares, equating to 41,486,520 ordinary shares[96]. - The second-largest shareholder, Guizhou Wujiang Hydropower Development Co., Ltd., holds 12.40%, or 37,867,536 ordinary shares[96]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[59]. - The company has not reported any new product developments or market expansions in this period[140]. Social Responsibility - The company has actively participated in poverty alleviation efforts, including helping to improve water access in the impoverished areas[85]. - The company plans to invest approximately 200,000 in water well drilling to address local water supply issues[87]. - The company has provided financial support of 1.12 million for various poverty alleviation initiatives[86]. - The company has sponsored 60 impoverished students, contributing 0.8 million towards their education[86]. Compliance and Governance - The company has no major litigation or arbitration matters during the reporting period[64]. - The company has not experienced any penalties or rectification situations during the reporting period[65]. - The company has not implemented any equity incentive plans or employee stock ownership plans during the reporting period[66]. - The company has no significant related party transactions during the reporting period[67][68]. - The semi-annual financial report has not been audited[62]. - The company has no major contracts or leasing matters that are applicable during the reporting period[72][73]. Accounting Policies - The company's financial statements are prepared based on the going concern principle, indicating no significant issues affecting its ability to continue operations[158]. - The company’s accounting policies comply with the relevant accounting standards, ensuring accurate reflection of its financial status[160]. - The company recognizes cash and cash equivalents as cash on hand and deposits that are readily available for payment, along with short-term, highly liquid investments[172]. - The company uses an aging analysis method to assess and provide for bad debts in receivables that are grouped by credit risk characteristics[188]. - The company adopts a perpetual inventory system for inventory management[193].