GDG(SH:600098)2017-04-28 16:00Dividend and Profit Distribution - The company plans to distribute a cash dividend of 1.00 yuan (including tax) for every 10 shares, totaling 272,619,655.80 yuan (including tax) based on the total share capital of 2,726,196,558 shares as of the end of 2016[4]. - The company reported a cash dividend of 27,261.97 million RMB for the year 2016, which is 40.75% of the net profit attributable to ordinary shareholders[109]. - In 2015, the cash dividend was 51,797.73 million RMB, representing 39.76% of the net profit attributable to ordinary shareholders[109]. - The cash dividend for 2014 was 49,071.51 million RMB, accounting for 40.09% of the net profit attributable to ordinary shareholders[109]. - The company has established a cash dividend mechanism to protect shareholders' rights, ensuring that all shareholders share in the company's operational and developmental achievements[188]. Financial Performance - The company's operating revenue for 2016 was approximately ¥22.01 billion, representing a year-over-year increase of 4.22% compared to ¥21.12 billion in 2015[21]. - The net profit attributable to shareholders decreased by 48.64% to ¥668.96 million in 2016 from ¥1.30 billion in 2015[21]. - The basic earnings per share dropped by 48.64% to ¥0.2454 in 2016, down from ¥0.4778 in 2015[22]. - The net cash flow from operating activities decreased by 22.39% to ¥2.48 billion in 2016 compared to ¥3.19 billion in 2015[21]. - The company's total assets increased by 1.31% to approximately ¥35.32 billion at the end of 2016, up from ¥34.86 billion at the end of 2015[21]. - The weighted average return on equity decreased by 4.58 percentage points to 4.51% in 2016 from 9.09% in 2015[22]. Operational Highlights - The company achieved a total power generation of 162.69 billion kWh in 2016, representing a year-on-year increase of 1.88%[42]. - The company’s market coal sales volume was 2,396.84 million tons, a decrease of 7.27% compared to the previous year[43]. - The company’s LNG emergency peak shaving station project is under construction, expanding the gas value chain business[37]. - The company’s renewable energy projects achieved a total installed capacity of 94,000 kW, with wind power generating 9,265 million kWh in 2016[44]. - The company completed 17.27 billion kWh of direct trading contracts in 2016, reflecting its proactive market engagement strategy[41]. Risk Management and Compliance - The company has detailed potential risks in the report, which can be found in the section discussing future development[7]. - The company has not violated any decision-making procedures in providing guarantees[6]. - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[4]. - The company has established a three-tier management control system to ensure compliance and asset security[38]. - The company has not faced any risks of suspension from listing during the reporting period[114]. Investments and Acquisitions - The company is actively pursuing mergers and acquisitions in wind and solar projects, having completed a 10% equity acquisition in Jinghai Power Plant[47]. - The company completed the Guangzhou Gas Group Co., Ltd. acquisition with a total investment of RMB 1,854.24 million, generating a profit of RMB 422.54 million during the reporting period[80]. - The company is actively seeking investment opportunities in high-quality power, natural gas, and renewable energy projects, emphasizing mergers and acquisitions as a key growth strategy[104]. Environmental and Social Responsibility - The company reported that all coal-fired power plants achieved a desulfurization efficiency of over 98.0% and a denitrification efficiency of over 83.5% in 2016[155]. - The company’s industrial wastewater is treated and reused or sent to sewage treatment plants, ensuring compliance with environmental regulations[155]. - A total of 94.55 million RMB was allocated for poverty alleviation efforts, with 58 individuals lifted out of poverty[149]. - The company implemented agricultural projects, including the planting of economic crops, to support poverty alleviation in three villages[149]. - The company plans to continue its poverty alleviation efforts, ensuring stable income for each impoverished household[152]. Corporate Governance - The company has a diverse board with members holding significant academic and professional qualifications, enhancing governance and strategic decision-making[173]. - The management team includes individuals with extensive experience in finance and engineering, contributing to the company's operational effectiveness[173]. - The company has maintained a consistent approach to governance and management changes, ensuring compliance with regulatory requirements[179]. - The total pre-tax remuneration for the board members and supervisors amounted to 4,312,000 CNY, with no changes in shareholding during the reporting period[172]. - The company has implemented a training system that combines internal and external training, ensuring employee growth aligns with business development goals[182].