金风科技(002202) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 20,202,142,527.50, representing a 6.32% increase compared to CNY 19,000,813,272.19 in the same period last year[12]. - The net profit attributable to shareholders for the first half of 2024 was CNY 1,386,844,101.23, reflecting a 10.83% increase from CNY 1,251,328,260.10 in the previous year[12]. - The net profit after deducting non-recurring gains and losses was CNY 1,373,435,816.59, which is a 33.01% increase compared to CNY 1,032,575,198.29 in the same period last year[12]. - The basic earnings per share for the first half of 2024 was CNY 0.3187, up 12.38% from CNY 0.2836 in the previous year[12]. - The total operating revenue for the reporting period was CNY 20,202,142,527.50, a 6.32% increase compared to the previous year[49]. - The total profit for the first half of 2024 was CNY 1.84 billion, a decrease of 6.9% from CNY 1.98 billion in the same period last year[159]. - The company reported a total comprehensive income of CNY 1.45 billion, compared to CNY 1.10 billion in the same period last year, reflecting a growth of 31.9%[159]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 144,211,910,449.67, a 0.50% increase from CNY 143,494,599,671.63 at the end of the previous year[12]. - The total liabilities at the end of the reporting period are CNY 37,993,126,365.13, showing a slight increase compared to the previous year[169]. - As of June 30, 2024, cash and cash equivalents amounted to ¥8,463,029,211.39, representing 5.87% of total assets, a decrease of 4.06% from the previous year[53]. - Accounts receivable reached ¥27,787,511,918.24, accounting for 19.27% of total assets, an increase of 1.47% compared to the end of last year[53]. - Inventory increased to ¥19,188,117,236.95, making up 13.31% of total assets, reflecting a rise of 2.68% year-over-year[53]. - The company's total liabilities amounted to CNY 103.52 billion, slightly up from CNY 103.27 billion, reflecting a growth of approximately 0.24%[154]. Cash Flow - The net cash flow from operating activities for the first half of 2024 was CNY -8,150,780,678.61, showing a slight decrease of 0.99% compared to CNY -8,071,245,116.40 in the same period last year[12]. - The net cash flow from financing activities increased significantly to 4,085,817,576.57 CNY in the first half of 2024, compared to 953,730,812.65 CNY in the same period of 2023[163]. - The cash inflow from other operating activities was 849,456,988.55 CNY, down from 1,170,905,361.69 CNY in the first half of 2023[162]. - The cash outflow for purchasing goods and services was 26,254,934,636.37 CNY in the first half of 2024, slightly lower than 26,926,070,656.91 CNY in the previous year[162]. Research and Development - The company has established eight R&D centers and employs over 3,000 experienced R&D personnel to enhance innovation capabilities[18]. - Research and development investment increased by 30.29% year-on-year, amounting to CNY 1,032,444,794.80[49]. - Research and development expenses surged to CNY 887,953,648.16 in the first half of 2024, compared to CNY 637,675,521.79 in the same period of 2023, marking an increase of approximately 39.2%[158]. Market Position and Expansion - The company maintained a leading market position in the domestic wind power market for 13 consecutive years and ranked first globally in 2023[17]. - The cumulative installed wind power capacity reached approximately 467 million kW, representing a year-on-year growth of 19.9%[22]. - The company has expanded its business to 42 countries across six continents, with installed capacity exceeding 1 GW in several regions[21]. - The company aims to become a leader in providing comprehensive clean energy and environmental solutions on an international scale[20]. Environmental Compliance - The company adheres to over a hundred environmental laws and regulations, including the Environmental Protection Law and the Air Pollution Prevention and Control Law[79]. - All wastewater treatment plants have obtained environmental impact assessment approvals and discharge permits, complying with the Environmental Impact Assessment Law[80]. - The company’s wastewater treatment plants maintain compliance with the Class A discharge standards, with COD levels at 21.89 mg/L and total nitrogen at 9.59 mg/L in one facility[83]. - The company is committed to reducing pollutant discharge, with total nitrogen discharge reported at 58.31 tons from one facility, adhering to regulatory limits[83]. Corporate Governance and Social Responsibility - The company has established a "Quality Return Dual Improvement" action plan to enhance investor confidence and company governance[73]. - The company actively participates in community support, including donations to schools and health initiatives for employees[102]. - The company has established a comprehensive social responsibility management system and received the national standard certification for social responsibility management in the wind power industry[102]. Financial Instruments and Risk Management - The company engaged in foreign exchange hedging to mitigate exchange rate risks, achieving its hedging objectives without significant risks arising[63]. - The total loss from derivative investments, including foreign exchange options and forward contracts, amounted to RMB -9,152.11 million, with a net asset ratio impact of -0.15%[64]. - The group assesses credit risk at each reporting date to determine if it has significantly increased since initial recognition, using both quantitative and qualitative criteria[199].