WHEE(SH:600475)2017-08-27 16:00Dividend and Share Capital - The company plans to distribute a cash dividend of 1.00 yuan (including tax) for every 10 shares, totaling 55,939,221.10 yuan for all shareholders[2]. - The total share capital as of June 30, 2017, is 559,392,211 shares[2]. - The company has not proposed any capital reserve transfer to increase share capital or stock dividends for the reporting period[2]. - The total number of shares increased from 256,000,000 to 559,392,211 due to a merger and private placement, impacting earnings per share and net asset value[125]. - The company’s registered capital increased to 559,392,211.00 RMB after a non-public offering of 15,493,135 shares at a price of 13.84 RMB per share[169]. Financial Performance - The company's operating revenue for the first half of 2017 reached ¥2,560,778,571.08, representing a 29.54% increase compared to the same period last year[18]. - The net profit attributable to shareholders decreased by 32.44% to ¥253,913,382.34, while the net profit excluding non-recurring gains and losses surged by 351.63% to ¥226,142,882.02[18]. - The basic earnings per share fell by 32.38% to ¥0.4668, while the diluted earnings per share remained the same at ¥0.4668[19]. - The weighted average return on equity decreased by 4.16 percentage points to 6.13%[19]. - The total profit for the period reached RMB 303 million, with a net profit attributable to shareholders of RMB 254 million[54]. - The company reported a net profit of 641.51 million for the period, with total assets of 18,778.31 million and net assets of 9,873.47 million[82]. - The company reported a net loss of 1,128,017 RMB in comprehensive income due to various factors affecting profitability[162]. Assets and Liabilities - The total assets increased by 8.30% to ¥9,845,636,159.16 compared to the end of the previous year[18]. - The company's total assets reached ¥9,845,636,159.16, up from ¥9,090,699,186.86, indicating an increase of about 8.3%[139]. - Total liabilities increased to ¥5,018,286,320.76 from ¥4,545,113,783.39, showing an increase of approximately 10.4%[139]. - The total equity of the company reached ¥4,292,264,585.05, up from ¥1,452,784,634.38 year-on-year[143]. - The company's total liabilities and equity at the end of the period amounted to 4,145,354,100 RMB, reflecting its financial position[162]. Risk Management - There are no significant risk events reported during the reporting period, and the company has detailed various risks and countermeasures in the report[3]. - The company faces risks from raw material price fluctuations, particularly steel and coal, which significantly impact order pricing and gross margins[85]. - The company aims to control the increase in accounts receivable by strengthening contract reviews and risk assessments, as well as enhancing the performance evaluation of sales personnel[88]. Mergers and Acquisitions - The company completed the acquisition of Guolian Environmental Protection through a share swap and purchased 25% stakes in Youlian Thermal Power and Huilian Thermal Power for cash payments[4]. - The company completed a share issuance to absorb and merge with Guolian Environmental Protection, expanding its business scope significantly[26]. - The company completed the absorption merger with Wuxi Guolian Environmental Energy Group, issuing 403,403,598 shares at 13.84 RMB each[168]. Environmental and Energy Focus - The company is focusing on energy and environmental protection sectors, with a comprehensive service system including investment, design consulting, equipment manufacturing, and operation management[26]. - The company is positioned to benefit from the national push for energy efficiency and environmental protection, with a significant shift towards renewable energy sources, as evidenced by a 73.4% share of new non-fossil energy generation capacity in the first half of 2017[35]. - The company is actively pursuing opportunities in the clean coal power sector, with plans to implement ultra-low emission retrofits for 420 million kilowatts of coal power capacity by 2020[36]. Operational Developments - The company has established partnerships with major industry players and financial institutions, enhancing its operational capabilities and market reach[28]. - The company is actively involved in urban infrastructure projects, providing solutions for waste-to-energy, sewage treatment, and centralized heating through various investment models[28]. - The company has developed a smart thermal network scheduling information platform in collaboration with Zhejiang University to optimize service efficiency[27]. Compliance and Governance - The company has ensured the accuracy and completeness of the financial report, with all board members present at the meeting[3]. - The company guarantees that its senior management will not hold positions outside of the company and its controlled entities, ensuring personnel independence[97]. - The company will establish independent financial accounting departments for its subsidiaries, ensuring financial independence and decision-making autonomy[97]. Research and Development - The company’s research and development expenditure was RMB 49.43 million, a slight increase of 1.08% compared to the previous year[62]. - The company is recognized as a key high-tech enterprise under the National Torch Program, with multiple research and development platforms established[48]. - The company has obtained a total of 26 authorized patents during the reporting period, including 7 invention patents[56]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,819, with a combined total of 23,027 when including split credit guarantee accounts[126]. - The largest shareholder, Wuxi Guolian Development (Group) Co., Ltd., held 403,403,598 shares, representing 72.11% of the total shares[128]. - The employee stock ownership plan held 8,556,719 shares, representing 1.53% of the total share capital[102].