*ST金山(600396) - 2015 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2015 was approximately CNY 2.28 billion, an increase of 3.00% compared to CNY 2.21 billion in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2015 was approximately CNY 143.63 million, a decrease of 34.48% from CNY 219.23 million in the same period last year[17]. - The basic earnings per share for the first half of 2015 was CNY 0.1653, down 35.68% from CNY 0.2570 in the same period last year[16]. - The net cash flow from operating activities for the first half of 2015 was approximately CNY 697.04 million, a decrease of 8.28% compared to CNY 760.00 million in the same period last year[17]. - The total electricity generation was 625,798.44 million kWh, down 3.42% year-on-year, while the on-grid electricity was 561,854.50 million kWh, down 4.55%[23]. - The company's operating costs increased by 8.69% to CNY 1,609,801,808.94, primarily due to increased coal procurement by the subsidiary Jinshan Coal Industry[26][27]. - The gross margin for electricity sales was 34.05%, a decrease of 1.67 percentage points year-on-year, attributed to lower electricity prices[36]. - The company reported a significant increase in heat sales revenue by 30.50% to CNY 284,974,518.73, driven by market expansion efforts[36]. Assets and Liabilities - The total assets at the end of the reporting period were approximately CNY 14.93 billion, a slight decrease of 0.51% from CNY 15.01 billion at the end of the previous year[17]. - The net assets attributable to shareholders increased by 7.89% to approximately CNY 2.27 billion from CNY 2.11 billion at the end of the previous year[19]. - The total liabilities decreased to CNY 11,716,306,739.76 from CNY 12,042,702,306.92[91]. - The company's equity attributable to shareholders increased to CNY 2,272,511,280.94 from CNY 2,106,321,873.74[91]. - The total liabilities to equity ratio stands at approximately 3.64, indicating a leveraged position[91]. Investment Activities - The investment activities generated a net cash outflow of CNY 366,262,885.17, a 147.38% increase in outflow compared to the previous year, due to increased capital expenditures[26][27]. - The company reported a total investment of 0 million yuan during the reporting period, a decrease of 15,400 million yuan compared to the same period last year, representing a 100% decline in investment[38]. - The company’s investment in subsidiaries showed a mixed performance, with some subsidiaries reporting losses while others improved their financial results[40]. Shareholder Information - The total number of shareholders reached 102,102 by the end of the reporting period[83]. - The top shareholder, Dandong Dongfang New Energy Co., Ltd., holds 171,081,452 shares, accounting for 19.69% of the total shares[84]. - Dandong Dongchen Economic and Trade Co., Ltd. holds 87,774,596 shares, representing 10.10% of the total shares[84]. - The company has not experienced any changes in its total share capital or structure during the reporting period[80]. - The company distributed a cash dividend of 1.0 yuan per 10 shares, based on a total of 868,664,386 shares, as approved in the 2014 annual shareholders' meeting[44]. Legal and Regulatory Matters - The company is undergoing a major asset restructuring process, which has been approved by relevant authorities and is currently awaiting further regulatory feedback[30]. - The company did not propose any profit distribution plan or capital reserve transfer to share capital during the reporting period[2]. - The company did not engage in any securities investments or financial enterprise equity holdings during the reporting period[39]. - The company has committed to ensuring the independence of its assets, personnel, and financial operations as part of its restructuring commitments[75]. Financial Management and Governance - The company adheres to legal regulations and continuously improves its corporate governance structure[78]. - The company ensures fair treatment of all shareholders and protects their legal rights[78]. - The company has established a sound internal control system and complies with relevant laws and regulations[78]. - There are no significant changes in accounting policies or estimates during the reporting period[79]. Cash Flow and Financing - Cash flow from operating activities generated a net cash inflow of 697,043,267.39 RMB, a decrease from 760,001,167.68 RMB year-over-year[102]. - Cash inflow from financing activities totaled 1,791,000,000.00 RMB, down from 2,450,849,184.18 RMB in the same period last year[104]. - The company paid 1,599,088,666.52 RMB in debt repayments during the first half of 2015, compared to 2,086,128,333.14 RMB in the previous period[104]. - The company reported a total of 115,663,955.82 yuan in payables to Inner Mongolia Baiyin Hua Haizhou Open-pit Coal Mine Co., Ltd. for coal and water fees[58]. Related Party Transactions - The company engaged in related party transactions totaling 3,450,538.55 yuan, including services and material purchases from group companies[57]. - The company has ongoing financing lease transactions with Huadian Financing Leasing Co., Ltd., with amounts not yet disclosed[56]. - The company has provided guarantees of CNY 50,000,000.00 each to Liaoning Kangping Jinshan Wind Power Co., Ltd. and Liaoning Zhangwu Jinshan Wind Power Co., Ltd., with the guarantee period from September 30, 2014, to September 29, 2015[66]. Accounting and Financial Reporting - The financial statements are prepared based on the going concern assumption, reflecting the company's financial position as of June 30, 2015, and the operating results and cash flows for the first half of 2015[127]. - The company adheres to the accounting standards set by the Ministry of Finance and the China Securities Regulatory Commission, ensuring compliance with disclosure requirements[128]. - The company recognizes cash and cash equivalents, including cash on hand and deposits available for payment[145]. - The company assesses the carrying value of financial assets at each balance sheet date, recognizing impairment losses when objective evidence indicates a decline in value[154].