SEP(SH:600021)2015-03-26 16:00Financial Performance - In 2014, the company achieved a net profit of ¥724,569,694.25, with a remaining distributable profit of ¥652,112,724.82 after statutory surplus allocation[2]. - The total distributable profit at the end of 2014 was ¥1,549,450,593.93, after accounting for cash dividends of ¥427,947,851.40 from 2013[2]. - The proposed cash dividend for 2014 is ¥0.25 per share, totaling an estimated distribution of ¥534,934,814.25 based on a total share capital of 2,139,739,257 shares[2]. - The company's operating revenue for 2014 was approximately ¥16.10 billion, representing a 6.41% increase compared to ¥15.13 billion in 2013[25]. - Net profit attributable to shareholders for 2014 was approximately ¥1.33 billion, a 16.32% increase from ¥1.14 billion in 2013[25]. - The basic earnings per share for 2014 was ¥0.6195, up 16.32% from ¥0.5326 in 2013[26]. - The cash flow from operating activities decreased by 21.90% to approximately ¥2.69 billion in 2014 from ¥3.45 billion in 2013[25]. - The total assets of the company increased by 34.55% to approximately ¥47.34 billion at the end of 2014, compared to ¥35.19 billion at the end of 2013[25]. - The net assets attributable to shareholders rose by 22.49% to approximately ¥9.76 billion at the end of 2014, compared to ¥7.97 billion at the end of 2013[25]. - The weighted average return on equity for 2014 was 14.96%, a slight decrease from 15.11% in 2013[26]. - Non-recurring gains for 2014 amounted to approximately ¥674.98 million, compared to a loss of ¥88.07 million in 2013[30]. - The company received government subsidies totaling approximately ¥110.34 million in 2014, up from ¥63.40 million in 2013[29]. - The company reported a significant gain of approximately ¥181.99 million from the disposal of securities in 2014[30]. Operational Highlights - The company has maintained its main business operations without any changes since its listing[19]. - The company’s controlling shareholder has remained unchanged since its listing[20]. - The company’s registered capital and operational details have not changed during the reporting period[17]. - The company's installed capacity reached 8.9322 million kilowatts by the end of 2014, an increase of 462,500 kilowatts, representing a growth rate of 5.46%[36]. - The total power generation for 2014 was 33.834 billion kilowatt-hours, a year-on-year increase of 8.73%[36]. - The average selling price of electricity (excluding tax) was 424.30 yuan per thousand kilowatt-hours, an increase of 19.96 yuan compared to the previous year[39]. - The top five customers accounted for 81.02% of total operating revenue, with the largest customer contributing 50.29%[40]. - The company’s clean energy installed capacity increased by 12.31% year-on-year, reaching 325,200 kW by the end of 2014[50]. - The company generated 33.834 billion kWh of electricity in 2014, exceeding its production plan, and completed a heat supply of 11.16 million GJ[53]. Investment and Financing - The company’s investment activities generated a net cash outflow of 4.202 billion yuan, indicating a significant increase in external investments[49]. - The company plans to invest approximately 2.83 billion RMB in ongoing projects, including the Shanghai Minhang gas turbine project and the Turkey Hunutlu coal-fired power station project[78]. - The company faces a financing need of approximately 2.129 billion RMB for 2015, which will be met through various financing methods[80]. - The company is actively taking measures to mitigate foreign exchange risks, including expanding overseas financing channels and issuing offshore bonds[82]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Xinyong Zhonghe Accounting Firm[4]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[4]. - The company strictly implements its cash dividend policy to protect the legitimate rights and interests of minority investors, with a clear dividend standard and ratio[83]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[4]. - The company has not experienced any environmental pollution incidents or major environmental issues in 2014[87]. - The company has not received any penalties or public reprimands from the China Securities Regulatory Commission or stock exchanges during the year[104]. Human Resources and Training - The total number of employees in the parent company is 928, while the total number of employees in major subsidiaries is 5,564, resulting in a combined total of 6,492 employees[140]. - The company has established a graduate employment practice base with Tsinghua University, training 5,621 employees throughout the year[62]. - The company has developed and implemented employee training plans through diversified training channels[142]. - The total remuneration received by all directors, supervisors, and senior management at the end of the reporting period was 6.5382 million yuan[136]. Environmental and Social Responsibility - The company achieved a significant reduction in emissions, with dust, sulfur dioxide, and nitrogen oxides emissions at 0.076 g/kWh, 0.18 g/kWh, and 0.33 g/kWh respectively, showing year-on-year decreases[87]. - The company completed the upgrade of the combustion system for the first 9FA gas turbine in Asia and implemented various environmental protection technology upgrades[87]. - The company is committed to accelerating the application of energy-saving and environmental protection technologies in its operational units[87]. Future Outlook - The company reported a projected power generation of 34.38 billion kWh for 2015[78]. - The net profit attributable to the parent company is expected to be 1 billion RMB for 2015[78]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[186].