baonengyuan(SZ:000690)2021-08-05 16:00Financial Performance - The company's operating revenue for the reporting period reached ¥4,471,812,324.83, representing a year-on-year increase of 38.98%[23]. - The net profit attributable to shareholders was ¥661,706,544.29, reflecting a growth of 3.67% compared to the same period last year[23]. - The net cash flow from operating activities decreased by 12.58% to ¥1,340,927,040.89[23]. - The total assets at the end of the reporting period were ¥18,949,625,801.18, a decrease of 1.82% from the previous year[23]. - The company's weighted average return on equity decreased by 0.48 percentage points to 6.06%[23]. - Operating costs increased by 67.17% to ¥3,029,605,317.26, primarily due to rising raw material prices[37]. - The gross profit margin for the electricity segment decreased by 11.49 percentage points to 32.05%, impacted by a substantial rise in coal prices[39]. - The revenue from electricity generation constituted 99.71% of total operating revenue, with a year-on-year increase of 38.91%[39]. - The company reported a significant loss of ¥62,935,800.00 from the fair value changes of its investment in Changcheng Securities, with a final book value of ¥402,572,100.00[44]. - The total loss from securities investments during the reporting period was ¥75,409,751.31, with a total book value of ¥478,789,326.20 at the end of the period[46]. Subsidiaries and Deregistration - The company has completed the deregistration of its wholly-owned subsidiary, Baoli Construction Engineering Co., Ltd., in May 2021[16]. - The company has also deregistered its controlling subsidiary, Guangdong Credit Bao Credit Management Co., Ltd., in June 2021[16]. - The company has optimized resource allocation by deregistering non-core subsidiaries, enhancing operational efficiency[34]. - The company aims to optimize resource allocation and improve operational efficiency through the cancellation of certain subsidiaries, which will not significantly impact overall business performance[51]. - The company has five subsidiaries included in the consolidated financial statements, with a reduction of two subsidiaries during the reporting period[172]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit and is committed to sustainable development through clean energy and resource utilization[69]. - The company's power supply standard coal consumption was 311.92 grams per kilowatt-hour, with zero wastewater discharge reported[69]. - The total sulfur dioxide emissions from the company were 301.23 tons, well below the annual limit of 5880 tons[69]. - The company has successfully integrated economic and environmental benefits, establishing itself as a model for renewable energy in the country[69]. - The company has invested a total of 117.79 million yuan in poverty alleviation and ecological protection initiatives[84]. - The company actively recruits from impoverished areas and provides vocational training to enhance employment opportunities for local residents[83]. - The company plans to focus on "energy poverty alleviation, financial poverty alleviation, and social poverty alleviation" as part of its development strategy[88]. - The company continues to increase its donations for education, targeting assistance for impoverished students and families[89]. - The company supports charitable organizations and elderly care facilities to aid vulnerable groups in achieving poverty alleviation[90]. Corporate Governance - The company does not plan to distribute cash dividends or issue bonus shares for the interim period[4]. - The company’s legal representatives have confirmed the accuracy and completeness of the financial report[3]. - The annual shareholders' meeting had a participation rate of 30.53%, while the first extraordinary shareholders' meeting of 2021 had a participation rate of 28.52%[62]. - No board members or senior management were dismissed during the reporting period, and a new board was elected on April 23, 2021[63]. - The company has terminated the first to fifth phases of its employee stock ownership plan and approved the seventh phase during the reporting period[65]. Financial Structure and Ratios - The company's current ratio is 189.63%, a decrease of 7.39 percentage points compared to the previous year[125]. - The debt-to-asset ratio stands at 42.38%, down by 1.15 percentage points from the previous year[125]. - The net profit after deducting non-recurring gains and losses is 75,143.90 million, representing a 1.16% increase year-on-year[125]. - The EBITDA to total debt ratio increased to 18.10%, up by 1.86 percentage points compared to the previous year[125]. - The interest coverage ratio improved to 7.26, a 28.04% increase due to reduced interest expenses compared to the same period last year[125]. - The company maintains a strong cash position with monetary funds amounting to 386,815.47 million[122]. - The company has no overdue debts and has not experienced any bond defaults during the reporting period[124]. - The company’s financial structure remains robust, with sufficient cash flow from operating activities to meet debt obligations[121]. Audit and Compliance - The company’s financial report has been audited by Dahua Certified Public Accountants, which issued a standard unqualified opinion[4]. - The financial statements were approved by the board of directors on August 5, 2021[171]. - The company has evaluated its ability to continue as a going concern for the next 12 months and found no significant doubts regarding its sustainability[174]. - The company has no significant litigation or arbitration matters during the reporting period[95]. Investments and Financial Management - The company plans to invest RMB 100 million in the Xinyu Huabang Investment Management Center as part of a joint investment with other firms[99]. - The company expects to maintain a daily deposit balance of up to RMB 2.5 billion at Meizhou Commercial Bank for operational needs[99]. - The company earned RMB 21,537,263.91 in interest income from deposits at Meizhou Commercial Bank during the reporting period[99]. - The total amount of external guarantees approved during the reporting period was 0, with actual guarantees amounting to 15,000.00[101]. - The actual total guarantee amount accounted for 52.78% of the company's net assets[101]. Shareholder Information - The total number of shares at the end of the reporting period was 2,175,887,862, with a slight increase in restricted shares[108]. - The total number of ordinary shareholders at the end of the reporting period was 107,420[112]. - Guangdong Baoliwa Group Co., Ltd. holds 16.00% of the shares, totaling 348,142,058 shares[112]. - The company issued 23,166,931 new restricted shares, while the same amount of unrestricted shares decreased, keeping the total shares unchanged[109]. - The company has not experienced any changes in its controlling shareholders or actual controllers during the reporting period[113].