BJP(SH:600578)2015-08-04 16:00Financial Performance - The company's operating revenue for the first half of 2015 was approximately ¥5.17 billion, a decrease of 15.52% compared to the same period last year[19]. - The net profit attributable to shareholders of the listed company was approximately ¥1.29 billion, down 10.94% year-on-year[19]. - The basic earnings per share for the first half of 2015 was ¥0.28, a decrease of 9.68% compared to the same period last year[20]. - The net cash flow from operating activities was approximately ¥2.34 billion, down 6.51% year-on-year[19]. - The weighted average return on equity decreased to 8.64%, down 1.69 percentage points from the previous year[20]. - The company’s total non-recurring gains and losses amounted to RMB 32.816 million, primarily from asset disposal and government subsidies[24]. - The company’s operating costs decreased by 10.24% to RMB 3.697 billion, attributed to reduced electricity sales and lower coal prices[31]. - Total revenue for the first half of 2015 was CNY 5,168,165,919.66, a decrease of 15.5% compared to CNY 6,117,827,353.46 in the same period last year[106]. - Net profit for the first half of 2015 was CNY 1,563,730,517.42, a decline of 13.4% from CNY 1,805,577,453.36 in the previous year[108]. Assets and Liabilities - The total assets of the company at the end of the reporting period were approximately ¥39.90 billion, a slight decrease of 0.30% from the previous year[19]. - The company's total liabilities decreased from CNY 22,075,884,466.46 to CNY 21,454,497,196.04, indicating a reduction of approximately 2.8%[100]. - The total equity increased from CNY 17,938,425,962.68 to CNY 18,441,240,542.81, reflecting a growth of about 2.8%[101]. - The company's retained earnings increased from CNY 3,718,514,724.42 to CNY 4,086,348,962.23, an increase of approximately 9.9%[101]. - The long-term investments rose from CNY 6,458,337,719.64 to CNY 7,220,850,233.00, indicating an increase of about 11.8%[99]. Cash Flow - The company reported a net cash flow from operating activities of RMB 2.339 billion, a decrease of 6.51% year-on-year[31]. - Cash flow from operating activities generated a net amount of ¥2,338,592,586.36, down 6.5% from ¥2,501,488,876.55 in the previous period[114]. - Cash flow from financing activities showed a net outflow of ¥1,479,924,619.84, increasing from a net outflow of ¥659,491,586.85 in the previous period[115]. - The ending cash and cash equivalents balance was ¥1,567,219,721.24, down from ¥1,849,141,503.26 in the previous period[118]. Dividends and Shareholder Information - The company completed the distribution of cash dividends amounting to approximately ¥923.46 million to shareholders based on the 2014 annual profit distribution plan[4]. - The total number of shareholders as of the end of the reporting period is 123,042[90]. - The largest shareholder, Beijing Jingneng International Energy Co., Ltd., holds 2,869,161,970 shares, accounting for 62.14% of total shares[91]. - The company has a profit distribution plan to distribute CNY 923.464 million in cash dividends, amounting to CNY 2.00 per 10 shares[58]. Governance and Compliance - The company maintains a strong governance structure, ensuring effective decision-making and operational coordination[41]. - The company has established three specialized committees under the board to enhance corporate governance[85]. - The company has not experienced any penalties or rectifications involving its directors, supervisors, or senior management[85]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[6]. Related Party Transactions - The expected related party transaction amount with Beijing Jingneng Power Fuel Co., Ltd. for 2015 is CNY 90 million, with an actual amount of CNY 40.9932 million reported in the first half of the year[62]. - The total amount of related party transactions reported in the first half of 2015 is CNY 54,223,825.75, accounting for 100% of similar transaction amounts[64]. - The company emphasizes that daily necessary related party transactions do not harm the rights and interests of minority shareholders[64]. - The company has no undisclosed significant related party transactions regarding asset acquisitions or sales[65]. Future Plans and Strategies - The company plans to issue convertible bonds to raise up to RMB 2 billion for the construction of the Shiyan Thermal Power Project and the expansion of the Inner Mongolia Datang Tokto Power Plant[28]. - The company is focused on enhancing safety production and controlling costs to improve profitability in the second half of 2015[29]. - The company plans to strengthen internal management and control costs to achieve its annual targets despite macroeconomic challenges[34]. - The company plans to inject retained coal power assets into Jingneng Power by the end of the year, resolving industry competition issues[82]. Operational Performance - The company achieved a total electricity generation of 18.369 billion kWh and a heat supply of 8.2388 million GJ in the first half of 2015[27]. - Revenue from the electricity segment was approximately 5.13 billion RMB, with a gross margin of 27.97%, reflecting a year-on-year decrease of 4.48 percentage points[36]. - The sales revenue from electricity sales was about 4.92 billion RMB, with a gross margin of 31.00%, down 3.47 percentage points compared to the previous year[36]. - The company’s operational capacity is 7.3 million kW, with ongoing projects in Hebei, Shanxi, Hubei, and Inner Mongolia[39].