GED(SZ:200539)2024-08-30 12:21Financial Performance - The company's operating revenue for the reporting period was CNY 26,078,790,971, a decrease of 7.98% compared to the same period last year[13]. - Net profit attributable to shareholders of the listed company was CNY 902,938,860, an increase of 5.42% year-on-year[13]. - The net profit after deducting non-recurring gains and losses was CNY 886,059,830, reflecting a growth of 4.36% compared to the previous year[13]. - The net cash flow from operating activities reached CNY 6,006,225,071, marking a significant increase of 120.79% year-on-year[13]. - Total assets at the end of the reporting period amounted to CNY 164,569,341,102, representing a growth of 2.09% from the end of the previous year[13]. - The net assets attributable to shareholders of the listed company were CNY 22,680,612,863, an increase of 2.43% compared to the previous year[13]. - Basic earnings per share for the reporting period were CNY 0.1720, up 5.42% from CNY 0.1631 in the same period last year[13]. - The diluted earnings per share also stood at CNY 0.1720, reflecting the same growth rate of 5.42% year-on-year[13]. - The weighted average return on net assets was 4.03%, an increase of 0.17% compared to the previous year[13]. - The company reported a significant improvement in cash flow, indicating enhanced operational efficiency and financial health[13]. Business Operations - The main business focuses on investment, construction, and management of power and renewable energy projects[1]. - The company reported a total controllable installed capacity of 38.45 million kW as of June 30, 2024, with a holding capacity of 36.09 million kW, accounting for 55.11% from coal power generation[18]. - The company's electricity sales volume reached 53.904 billion kWh, a year-on-year increase of 0.84%, while the average selling price decreased by 8.85% to 539.50 RMB per thousand kWh[19]. - The company added 834,500 kW of new energy installed capacity in the first half of 2024, including 600,000 kW from wind power and 234,500 kW from solar power[19]. - The company plans to actively expand new energy projects and aims to achieve a total installed capacity of approximately 620.4 million kW in approved and planned projects[19]. - The company holds a dominant position in Guangdong Province, with a total asset scale of 164.6 billion RMB, making it the largest power listed company in the region[20]. - The company is committed to supporting the "carbon peak" and "carbon neutrality" goals, focusing on energy transition and ecological development[19]. Financial Position and Investments - The company has a strong financial position with abundant cash flow and diverse financing channels, supporting its ongoing development and project investments[24]. - The company aims to expand its market presence beyond Guangdong, targeting regions with favorable resource conditions and high electricity demand[25]. - The total investment amount for the reporting period was 825,091,532 CNY, a decrease of 50.98% compared to the same period last year, which was 1,683,063,129 CNY[34]. - The company reported a total investment loss of 32,850,322 CNY for the current period[37]. - The company is actively progressing with several projects, including the Sha Che integrated solar storage project and the Han Hai photovoltaic project[35]. - The company has made significant equity investments in various subsidiaries, including 21,000,000 CNY in solar power generation with a 100% stake[35]. - The company has also invested 200,000,000 CNY in a newly established subsidiary focused on new energy investment and operation management[37]. Environmental Compliance and Emissions - The company strictly adheres to environmental protection laws and standards, including the "Air Pollution Prevention and Control Law" and "Water Pollution Prevention and Control Law" of the People's Republic of China[54]. - The total emissions of particulate matter from Bohe Energy were 19.28 tons, with a concentration of 1.51 mg/Nm³, well within the limit of 71.5 tons per year[54]. - The total emissions of sulfur dioxide from Bohe Energy were 160.81 tons, with a concentration of 12.60 mg/Nm³, below the annual limit of 973.5 tons[54]. - The total emissions of nitrogen oxides from Bohe Energy were 434.79 tons, with a concentration of 34.07 mg/Nm³, under the annual limit of 1122.1 tons[54]. - The company has obtained all necessary environmental protection administrative licenses, which are currently valid[55]. - The company has maintained a 100% compliance rate in disclosing environmental information as required by national regulations[61]. - No environmental accidents occurred during the first half of 2024, reflecting the company's effective environmental management practices[63]. Shareholder and Governance - The company reported a plan not to distribute cash dividends or issue bonus shares for the current fiscal year[1]. - All board members attended the meeting to review the semi-annual report[1]. - The company held four shareholder meetings in 2024, with participation rates ranging from 72.54% to 72.64%[51]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[53]. - The company’s financial report for the first half of 2024 has not been audited[69]. - The company has not engaged in any asset or equity acquisitions or sales during the reporting period[73]. - The company has approved several related party transactions, including financial service agreements with Guangdong Energy Financial Company[79]. Future Outlook and Strategic Initiatives - The company plans to enhance its market competitiveness by optimizing power generation processes and controlling operational costs[46]. - The company is exploring market expansion opportunities, particularly in renewable energy sectors, to enhance its sustainability profile[58]. - The company plans to invest in research and development for cleaner energy solutions, aiming to align with national environmental policies[58]. - The company has plans for market expansion and new technology development, although specific figures were not disclosed in the report[128].