Financial Performance - For the six months ended June 30, 2021, revenue was RMB 278,405,000, representing a 5.24% increase compared to RMB 264,535,000 in the same period of 2020[10]. - Profit from operations for the same period was RMB 110,849,000, an increase of 8.11% from RMB 102,529,000 in 2020[10]. - The profit attributable to equity shareholders was RMB 58,548,000, showing a slight increase of 0.06% compared to RMB 58,510,000 in 2020[10]. - Total revenue for the six months ended June 30, 2021, was RMB 278,405,000, compared to RMB 264,535,000 for the same period in 2020, representing an increase of approximately 5.4%[32]. - Profit for the period was RMB 58,515,000, slightly up from RMB 58,510,000 in the previous year, indicating a stable performance[36]. - Total comprehensive income for the period increased to RMB 58,725,000 from RMB 52,962,000 year-on-year[41]. - Total comprehensive income for the six months ended June 30, 2021, was RMB 58,758,000, compared to RMB 58,510,000 for the same period in 2020, indicating a slight increase of 0.4%[52]. - Total operating expenses for the six months ended June 30, 2021, were RMB 89,429,000, compared to RMB 83,077,000 in 2020, marking an increase of approximately 7.5%[32]. - Net finance costs for the period were RMB 27,795,000, up from RMB 19,962,000 in the previous year, indicating a rise of approximately 39.5%[32]. - The Group received unconditional government grants amounting to RMB 3,072,000 for the six months ended June 30, 2021, compared to RMB 785,000 in the same period of 2020[142]. Assets and Liabilities - As of June 30, 2021, total assets amounted to RMB 1,874,682,000, a decrease of 3.22% from RMB 1,937,023,000 at the end of 2020[10]. - Non-current assets decreased to RMB 1,658,599,000 from RMB 1,693,926,000[42]. - Current assets decreased to RMB 1,663,842,000 from RMB 1,697,480,000[42]. - The company reported a total of RMB 483,393,000 in current liabilities, up from RMB 453,781,000[42]. - The company’s total assets less current liabilities decreased to RMB 1,391,289,000 from RMB 1,483,242,000[42]. - As of June 30, 2021, the Group's current liabilities exceeded its current assets by RMB 272,553,000[79]. - The company’s retained profits as of June 30, 2021, were RMB 288,362,000, compared to RMB 229,814,000 at the end of 2020, reflecting an increase of approximately 25.5%[52]. - The company reported a net cash used in investing activities of RMB 11,905,000 for the six months ended June 30, 2021, compared to RMB 5,657,000 in the same period of 2020, indicating an increase in investment activity[62]. Equity and Dividends - Total equity attributable to equity shareholders was RMB 672,085,000, reflecting a 3.21% increase from RMB 651,200,000 in 2020[10]. - Basic earnings per share for the period was RMB 0.128, unchanged from the previous year[10]. - The company has not declared any interim dividends for the period[10]. - Dividends paid to equity shareholders for the period amounted to RMB 37,873,000, significantly higher than RMB 16,537,000 paid in the previous year, reflecting a year-over-year increase of approximately 129%[63]. - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2021, consistent with the previous year[196]. Financial Stability - The gearing ratio decreased to 60.05% from 61.72% in the previous year, indicating improved financial stability[10]. - The directors believe that the Group will generate sufficient cash flows to meet its liabilities over the next twelve months[79]. - The interim financial report has been prepared in accordance with International Accounting Standard (IAS) 34, ensuring compliance with relevant financial reporting standards[72]. - The interim financial report is unaudited but has been reviewed by KPMG, ensuring a level of assurance on the financial information presented[85]. Operational Highlights - The company completed the acquisition of 100% of the equity interests in Quzhou Puxing Gas Turbine Thermal Power Co., Ltd. in September 2020, which has been accounted for as a business combination under common control[31]. - The company continues to focus on operational efficiency despite rising costs in fuel consumption and administrative expenses[32]. - Future outlook includes potential market expansion and further investment in new technologies, although specific figures were not disclosed in the report[31]. - The Group's principal activities include the development, operation, and management of power plants[71]. Compliance and Standards - The comparative figures have been restated in accordance with relevant accounting policies, ensuring compliance with International Accounting Standard 34[31]. - The Group has early adopted the amendment to IFRS 16, extending the time limit for COVID-19-related rent concessions to June 30, 2022[89]. - The Group has not applied any new standards or interpretations that are not yet effective for the current accounting period, aside from the amendment to IFRS 16[89]. - The amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4, and IFRS 16 related to interest rate benchmark reform do not impact the interim financial report[90].
普星能量(00090) - 2021 - 中期财报