ZMNY(SH:600163)2024-08-29 08:58Financial Performance - For the first half of 2024, the company's operating income was CNY 818,204,426.07, a decrease of 1.59% compared to CNY 831,410,402.94 in the same period last year[14]. - The net profit attributable to shareholders of the listed company reached CNY 342,075,338.80, representing an increase of 4.80% from CNY 326,404,028.90 year-on-year[14]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 324,622,351.93, up 3.22% from CNY 314,489,374.07 in the previous year[14]. - The net cash flow from operating activities was CNY 278,981,838.08, down 22.33% from CNY 359,167,462.71 in the same period last year[14]. - Basic earnings per share for the first half of 2024 was CNY 0.1798, an increase of 4.84% compared to the same period last year[15]. - The weighted average return on equity decreased to 5.3241%, down 0.1846 percentage points year-on-year[15]. - The company reported a total of CNY 17,452,986.87 in non-recurring gains, primarily from fair value changes of financial assets[15]. - The company's operating revenue for the period was 81,820.44 million yuan, a decrease of 1.59% compared to the previous year, while the total profit reached 42,263.41 million yuan, an increase of 2.65%[24]. - The net profit attributable to shareholders was 34,207.53 million yuan, reflecting a growth of 4.80% year-on-year[24]. Assets and Liabilities - As of June 30, 2024, the net assets attributable to shareholders of the listed company were CNY 6,599,720,174.93, an increase of 5.59% compared to CNY 6,250,363,292.22 at the end of the previous year[14]. - The total assets amounted to CNY 11,609,597,092.13, reflecting a slight increase of 0.74% from CNY 11,524,049,083.57 at the end of the previous year[14]. - The company maintains a low debt-to-asset ratio of 41.65%, indicating a strong capital structure and repayment capability[21]. - The total liabilities decreased to CNY 2,193,103,418.89 from CNY 2,321,923,779.65, reflecting a reduction of approximately 5.5%[79]. - The total equity increased to CNY 6,099,040,996.17, up from CNY 5,292,793,602.98, marking a growth of about 15.3%[79]. Cash Flow - The company's cash inflow from financing activities decreased by 72.29% to CNY 230 million compared to CNY 830 million in the previous period[26]. - The total cash outflow from financing activities decreased by 58.93% to CNY 482 million from CNY 1.175 billion year-on-year[26]. - Cash and cash equivalents increased by 95.47% to CNY 477.9 million from CNY 244.5 million year-on-year[27]. - The ending balance of cash and cash equivalents was CNY 477,908,601.37, down from CNY 627,017,204.81 at the end of the first half of 2023, a decrease of 23.8%[84]. - The company raised ¥230,000,000.00 through borrowings in the first half of 2024, down from ¥810,000,000.00 in the same period last year, indicating a reduction in reliance on debt financing[87]. Operational Capacity - The total installed capacity of the company reached 957,300 kW, with wind power accounting for 907,300 kW and solar power for 20,000 kW[17]. - Non-fossil energy power generation capacity reached 1.71 billion kW, a year-on-year increase of 24.2%, accounting for 55.7% of total installed capacity[17]. - The company reported a total electricity generation of 141,799.22 million kWh in H1 2024, a decrease of 3.42% year-on-year, with grid-connected electricity generation of 137,585.86 million kWh, down 3.28%[22]. - The average utilization hours for wind power decreased to 1,134 hours, down 103 hours year-on-year[17]. - The company operates 16 wind power projects, 1 photovoltaic power station, and 1 biomass power plant, achieving an average utilization hour of 1272 hours for onshore wind and 2070 hours for offshore wind in H1 2024, both exceeding the national average of 1134 hours[19]. Investment and R&D - The company’s R&D expenses amounted to 1,616,168.30 yuan, indicating ongoing investment in technology and innovation[25]. - The company aims to enhance its operational efficiency through digital transformation and management innovation initiatives[24]. - The company is actively pursuing resource allocation in Fujian and seeking investment opportunities in cost-competitive wind and photovoltaic projects outside the province[20]. Environmental and Social Responsibility - The company invested 10.04 million CNY in poverty alleviation and rural revitalization projects, including 5.04 million CNY in purchasing poverty alleviation products and a donation of 5 million CNY to support local education[51]. - The company is committed to achieving carbon neutrality by increasing investments in renewable energy and implementing strict environmental protection measures during project development and operation[49]. - The company’s subsidiary, Fuyin Thermal Power, reported actual emissions of 2.05 tons of SO2, 3.25 tons of NOx, and 0.54 tons of particulate matter, significantly below the permitted limits[48]. Governance and Compliance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[5]. - There are no violations of decision-making procedures regarding external guarantees[5]. - The company has committed to ensuring the independence of its management team, including the general manager and financial personnel, who will not hold positions in other companies controlled by the major shareholders[53]. - The company has established a commitment to maintain a complete and independent organizational structure for the listed company, ensuring compliance with legal and regulatory requirements[53]. - The company has not reported any administrative penalties related to environmental issues during the reporting period[48]. Shareholder and Profit Distribution - The company plans to distribute a cash dividend of CNY 0.20 per 10 shares, totaling CNY 38,059,922.86, without issuing new shares or capital reserve transfers[4]. - The company approved a profit distribution plan of 0.20 CNY per 10 shares, with no stock bonus or capital increase proposed[45]. - The company has committed to a cash dividend distribution of at least 30% of the average annual distributable profit over the next three years (2023-2025) under certain conditions[56]. Accounting and Financial Reporting - The financial report was approved by the board of directors on August 28, 2024[94]. - The company prepares financial statements based on the going concern assumption and adheres to the relevant accounting standards[95]. - The company confirms its ability to continue as a going concern for at least 12 months from the end of the reporting period[96]. - The financial statements comply with the requirements of accounting standards, reflecting the company's financial position and operating results accurately[97].