SEP(SH:600021)2014-08-21 16:00Financial Performance - The company's operating revenue for the first half of 2014 was CNY 7,561,172,170.31, representing a 2.48% increase compared to the same period last year[16]. - The net profit attributable to shareholders for the first half of 2014 was CNY 529,211,118.44, reflecting a 12.24% increase year-on-year[16]. - The total profit for the period was 1.048 billion RMB, representing a year-on-year growth of 14.16%[22]. - Basic earnings per share for the first half of 2014 were CNY 0.2473, up 12.26% from the same period last year[17]. - The company reported a net profit of 13,461.48 thousand yuan from Shanghai Waigaoqiao Power Generation Co., accounting for a significant contribution to overall performance[41]. - The company reported a net profit of 54,672,321.79 from Huaihu Power, which was acquired on May 23, 2014[197]. Cash Flow and Liquidity - The net cash flow from operating activities reached CNY 2,275,206,712.30, which is an 11.13% increase compared to the previous year[16]. - The company’s operating cash flow net amount was 2.275 billion RMB, an increase of 11.13% year-on-year[24]. - The company’s total cash flow from operating activities for the first half of 2014 is not provided in the extracted data, but it is essential for assessing liquidity and operational efficiency[82]. - The ending cash and cash equivalents balance is CNY 2,577,702,520.00, down from CNY 3,650,999,583.40 in the previous period[85]. - The company reported a total cash balance of RMB 2,577,702,520.00 at the end of the period, an increase from RMB 1,473,769,871.84 at the beginning of the period, representing a growth of approximately 75%[198]. Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 41,278,941,192.43, marking a 17.76% increase from the end of the previous year[16]. - Total liabilities rose to ¥29,345,880,426.38 from ¥23,562,523,778.67, an increase of approximately 24.5%[70]. - Total equity rose to ¥11,933,060,766.05 from ¥11,490,317,503.68, an increase of about 3.9%[70]. - The total amount of guarantees provided by the company (including those to subsidiaries) was CNY 817.92 million, accounting for 10.48% of the company's net assets[52]. Investments and Expenditures - The company invested a total of 546,150,900 CNY during the reporting period, representing a 65.91% increase compared to the previous year's investment of 329,180,000 CNY[36]. - The company’s R&D expenditure increased by 162.69% year-on-year, reaching 176,000 RMB[24]. - The company has invested 4 billion in new energy technology development, with a focus on contract energy management[190]. Corporate Governance and Compliance - The company reported no non-operating fund occupation by controlling shareholders or related parties[6]. - There were no violations of decision-making procedures regarding external guarantees[6]. - The company has established a governance structure that complies with relevant laws and regulations, with no significant discrepancies noted[55]. - The company has not faced any administrative penalties or public reprimands from the China Securities Regulatory Commission during the reporting period[53]. Market Expansion and Strategy - The company has successfully launched its first overseas project, a 2.4 MW photovoltaic power project in Osaka, Japan, marking a significant milestone in its international expansion[33]. - The company has committed to a diversified regional strategy, focusing on Shanghai, East China, and overseas markets to enhance its competitive edge[33]. - The company is actively pursuing market expansion through new energy projects, including wind and solar power initiatives[41]. Shareholder Information - The total number of shareholders at the end of the reporting period was 118,950[61]. - The largest shareholder, China Power Investment Group, holds 42.84% of the shares, totaling 916,646,315 shares[61]. - The company plans to distribute cash dividends of 2.0 yuan per 10 shares, totaling 427,947,851.40 yuan, based on 2,139,739,257 shares[44]. Financial Reporting and Audit - The financial report for the first half of 2014 was unaudited[5]. - The company received a standard unqualified opinion on its internal control audit report from Ruihua Certified Public Accountants[57]. - The internal control evaluation report for the year 2013 was approved by the board and disclosed on March 25, 2014[57]. Subsidiaries and Joint Ventures - The company has a total of 12 subsidiaries listed in the financial report, with varying stakes and investments in the energy sector[186]. - The company has a joint investment with its controlling shareholder, China Power Investment Group, to establish a financing leasing company with a total investment of USD 5 million, where the controlling shareholder holds 65%[50]. - The company has included Changxing Natural Gas in its consolidated financial statements, which was acquired on January 3, 2014, and is expected to improve performance in the second half of the year due to new operational plans[195].