Financial Performance - For the six months ended June 30, 2021, the company's revenue was RMB 6.356 billion, an increase of 31.81% compared to RMB 4.822 billion in the same period of 2020[3]. - The company's profit before tax for the same period was RMB 1.933 billion, up 33.28% from RMB 1.450 billion in 2020[4]. - The net profit attributable to the owners of the parent company was RMB 1.412 billion, representing a 42.34% increase from RMB 991 million in the previous year[3]. - Basic and diluted earnings per share attributable to ordinary shareholders of the parent company was RMB 0.1595, an increase of RMB 0.0315 compared to RMB 0.1280 in 2020[4]. - The group's net profit for the six months ended June 30, 2021, was RMB 1,618.22 million, up from RMB 1,233.54 million in the same period of 2020, with a net profit margin slightly decreasing to 25.46% from 25.58%[37]. - The total comprehensive income for the period was RMB 1,630,477 thousand, compared to RMB 1,237,375 thousand in the previous year, indicating a growth of 32%[73]. - The company reported a pre-tax profit of RMB 1,932,950 thousand, which is an increase of 33% from RMB 1,450,297 thousand in the same period last year[72]. Assets and Liabilities - Total assets as of June 30, 2021, amounted to RMB 91.484 billion, compared to RMB 89.909 billion as of December 31, 2020[5]. - The total liabilities were RMB 60.554 billion, a decrease from RMB 62.176 billion at the end of 2020[5]. - The equity attributable to the owners of the parent company increased to RMB 27.009 billion from RMB 24.032 billion at the end of 2020[5]. - Cash and cash equivalents decreased to RMB 2,295,027 thousand from RMB 3,052,717 thousand, a decline of approximately 25%[74]. - The net debt-to-capital ratio decreased to 62.35% from 65.10% at the end of 2020, primarily due to reduced borrowings and improved profitability[42]. - The company’s total liabilities as of June 30, 2021, were RMB 3,703,064 thousand, reflecting an increase from the previous period[78]. Operational Highlights - The renewable energy generation capacity in China reached 971 million kilowatts by the end of June 2021, with significant growth in wind and solar power generation[6]. - As of June 30, 2021, the company's installed capacity reached 12,207.52 MW, an increase of 23.27% year-on-year[9]. - The total power generation was 14,354,847 MWh, representing a year-on-year increase of 33.37%[9]. - The wind power generation reached 13,854,089 MWh, up 30.83% year-on-year[10]. - The average utilization hours increased by 81 hours to 1,199 hours, with a total curtailment rate of 3.84%, down by 0.56 percentage points year-on-year[9]. Strategic Initiatives - The company aims to align with national goals for renewable energy, targeting a 25% share of non-fossil energy in primary energy consumption by 2030[7]. - The company plans to strengthen resource development to achieve its annual growth targets, actively participating in project allocations and strategic partnerships[52]. - The company is focused on becoming a world-class supplier while advancing its operational management amidst the ongoing pandemic[8]. - The company aims to enhance electricity marketing management to increase electricity generation efficiency and profitability[53]. Financial Management - The group’s operating profit for the same period was RMB 2,911.20 million, reflecting a 15.28% increase from RMB 2,525.38 million in 2020, mainly driven by increased electricity sales revenue[32]. - The company's revenue for the six months ended June 30, 2021, was RMB 6,356.41 million, representing a 31.81% increase from RMB 4,822.46 million in the same period of 2020[29]. - The company's operating expenses were RMB 3,620.80 million, an increase of 46.99% from RMB 2,463.33 million in the same period of 2020, primarily due to increased depreciation and amortization expenses and other operating expenditures[31]. - Financial expenses decreased by 9.59% to RMB 1,009.98 million from RMB 1,117.14 million in 2020, mainly due to a decrease in average interest-bearing debt[34]. Human Resources - As of June 30, 2021, the company had 3,895 employees, with 11.4% aged 50 and above, and 40.18% aged 30 to 39[55]. - The average training hours for male employees reached 75 hours per person, while female employees averaged 35 hours per person[58]. Future Outlook - The company plans to continue its market expansion and product development strategies, focusing on enhancing its leasing services and exploring new financing solutions[137]. - Future outlook includes plans to expand into Southeast Asian markets, targeting a 25% increase in international revenue by 2025[174]. - The company has set a performance guidance of 10% revenue growth for the next fiscal year, driven by increased demand for renewable energy[173].
大唐新能源(01798) - 2021 - 中期财报