DHEP(600744)2024-08-29 10:08Financial Performance - The company's operating revenue for the first half of 2024 was ¥3,545,975,523.11, a decrease of 27.41% compared to ¥4,885,193,180.94 in the same period last year[12]. - The net profit attributable to shareholders of the listed company was ¥4,863,948.93, recovering from a loss of ¥154,212,260.19 in the previous year[12]. - Basic earnings per share for the first half of 2024 were ¥0.002, compared to a loss of ¥0.076 in the same period last year[13]. - The weighted average return on net assets was 0.28%, recovering from -11.83% in the previous year[13]. - The company reported a net profit attributable to shareholders of 0.05 billion RMB, an increase of 1.59 billion RMB year-on-year[18]. - The company reported a total profit for the first half of 2024 was ¥26,141,186.49, contrasting with a total loss of ¥123,088,857.84 in the same period last year[67]. - The comprehensive income for the first half of 2024 is CNY 4,863,948.93, compared to a loss of CNY 154,212,260.19 in the same period of 2023, indicating a significant recovery[75]. Cash Flow and Investments - The net cash flow from operating activities increased by 135.13%, reaching ¥576,462,628.53 compared to ¥245,162,526.38 in the same period last year[12]. - The company reported a net cash outflow from investing activities of 1.179 billion yuan, an increase of 267 million yuan year-on-year, primarily due to new investments in renewable energy projects[20]. - Net cash inflow from financing activities was 670 million yuan, an increase of 718 million yuan year-on-year, mainly from loans for new energy projects[20]. - The cash flow from operating activities for the first half of 2024 was ¥4,101,552,186.07, down from ¥5,522,707,454.70 in the same period of 2023, reflecting a decrease of approximately 25.7%[70]. - The net cash flow from financing activities improved to CNY 670,984,942.90 from CNY -46,670,271.25, marking a significant turnaround[71]. Assets and Liabilities - The total assets at the end of the reporting period were ¥24,497,761,727.05, reflecting a 1.82% increase from ¥24,059,743,085.26 at the end of the previous year[12]. - The total liabilities were 22.612 billion yuan, with current liabilities at 8.528 billion yuan (37.72% of total liabilities) and non-current liabilities at 14.084 billion yuan (62.28% of total liabilities)[23]. - The company's long-term equity investments increased by 34 million yuan, primarily due to adjustments in the equity method accounting for its joint venture[26]. - The total assets as of June 30, 2024, were 24.498 billion yuan, with current assets at 4.541 billion yuan (18.54% of total assets) and non-current assets at 19.957 billion yuan (81.46% of total assets)[23]. - The debt-to-asset ratio stood at 92.3%, a slight decrease of 0.11% from 92.41% at the end of the previous year[59]. Environmental and Social Responsibility - The total emissions of sulfur dioxide, nitrogen oxides, and particulate matter from the subsidiaries have all met the national standards, with specific emissions recorded at 2.93 mg/Nm³ for dust and 36.28 mg/Nm³ for nitrogen oxides[35][36]. - The company has not faced any environmental penalties or pollution incidents during the reporting period, indicating effective environmental management practices[34]. - The company is actively promoting green energy transformation, aiming to increase the share of clean energy and reduce carbon emissions through energy-saving renovations and upgrades of coal-fired power units[45]. - The company has established emergency response plans for environmental incidents, including specific plans for hazardous chemical leaks and severe pollution weather[41]. - The company has received recognition as an advanced collective for rural revitalization from the group company, highlighting its commitment to community development[46]. Shareholder and Capital Structure - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital for this reporting period[2]. - The total number of shareholders as of the end of the reporting period is 159,073[54]. - The largest shareholder, China Datang Group Co., Ltd., holds 608,793,971 shares, representing 29.97% of the total shares[55]. - The company has not reported any changes in share capital structure during the reporting period[54]. - The company raised a total of RMB 840 million by issuing 250 million A-shares at a price of RMB 3.36 per share, increasing its registered capital to RMB 2,031,124,274[80]. Risk Factors - The company faces risks from increasing competition in the electricity market and potential fluctuations in coal prices due to international instability and extreme weather[31]. - There were no significant risks or non-operational fund occupation by controlling shareholders reported during the period[2]. - The company has not disclosed any new employee stock ownership plans or incentive measures during this reporting period[33]. Accounting and Financial Policies - The company’s accounting period runs from January 1 to December 31 each year[84]. - The company applies the accounting treatment for business combinations under common control by measuring the acquired assets and liabilities at their book value on the merger date, with any difference adjusted against capital reserves or retained earnings[88]. - The company recognizes cash flows in foreign currencies at the exchange rate on the cash flow occurrence date, with the impact of exchange rate changes separately disclosed[95]. - The company assesses whether multiple transactions should be treated as a single transaction based on their interdependence and economic impact[88]. - The company has not made any significant changes to its accounting policies or estimates in the current reporting period[134].