Shenergy(SH:600642)2014-03-27 16:00Financial Performance - The company's operating revenue for 2013 was RMB 2,574,539.68 million, an increase of 6.75% compared to RMB 2,411,798.74 million in 2012[30]. - The net profit attributable to shareholders for 2013 was RMB 244,893.34 million, representing a growth of 57.34% from RMB 155,646.32 million in 2012[30]. - The basic earnings per share for 2013 was RMB 0.537, up 62.90% from RMB 0.329 in 2012[28]. - The weighted average return on equity increased to 12.15% in 2013, up 4.05 percentage points from 8.10% in 2012[28]. - The net cash flow from operating activities for 2013 was RMB 335,520.36 million, a 10.51% increase from RMB 303,617.78 million in 2012[30]. - The total assets at the end of 2013 were RMB 4,140,769.81 million, reflecting a 10.08% increase from RMB 3,761,546.18 million at the end of 2012[30]. - The net assets attributable to shareholders increased to RMB 2,114,311.20 million, an 8.94% rise from RMB 1,940,838.01 million in 2012[30]. - The company achieved a record revenue of 25.745 billion RMB, a year-on-year increase of 6.75%[37]. - The net profit attributable to shareholders reached 2.449 billion RMB, representing a significant year-on-year growth of 57.34%[37]. - The company’s total assets increased by 10.08% to 41.408 billion RMB, while net assets rose by 8.94% to 21.143 billion RMB[37]. Investment and Capital Expenditure - The company’s total investment during the reporting period was 91,789.64 million RMB, a significant increase of 97.37% compared to the previous year[63]. - The company has invested in high-parameter, low-energy consumption power generation units, contributing to energy efficiency and emissions reduction[60]. - The company provided a entrusted loan of 69.12 million RMB to East China Tianhuangping Pumped Storage Co., Ltd. with a loan term of 23 years and an interest rate of 6.55%[70]. - The total investment in non-public fundraising projects amounted to 175.74 million RMB, with 66.76 million RMB invested in the current year[78]. Operational Highlights - The company produced 307.5 billion kWh of electricity, with a market share of 30.8% in the Shanghai region, maintaining stability compared to the previous year[38]. - Natural gas sales reached 6.871 billion cubic meters, achieving a balance between supply and demand[38]. - The average coal consumption for power generation decreased by 1.18 grams/kWh to 289.57 grams/kWh, maintaining industry-leading energy efficiency[39]. - The electricity sector generated revenue of 874,403.15 million RMB, with a gross margin of 28.18%, showing a slight increase of 1.94% compared to the previous year[54]. - The oil and gas sector's revenue was 1,471,883.44 million RMB, reflecting a year-on-year growth of 13.23%, while the gross margin remained stable at 7.12%[54]. - The coal sales sector experienced a revenue decline of 12.78%, totaling 220,584.49 million RMB, with a gross margin of 2.68%[54]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of RMB 2.00 per 10 shares (including tax) as part of its profit distribution plan[6]. - The proposed cash dividend is 2.00 yuan per 10 shares, amounting to a total distribution of 910.41 million yuan[93]. - The company has maintained a cash dividend policy that ensures at least 30% of the average distributable profit over the last three years is distributed to shareholders[92]. Financial Position and Liabilities - The total liabilities increased to CNY 2,413,489,453.81 in 2013, up from CNY 1,877,115,789.44 in 2012, representing a growth of approximately 28.5%[199]. - Current liabilities totaled CNY 1,620,354,769.56, compared to CNY 1,112,615,583.22 in the previous year, marking an increase of about 45.5%[199]. - Non-current liabilities rose to CNY 793,134,684.25, up from CNY 764,500,206.22, reflecting a growth of around 3.8%[199]. - Total equity reached CNY 19,243,493,951.06, an increase from CNY 17,814,482,877.16, indicating a growth of approximately 8.0%[199]. Corporate Governance and Management - The company has made efforts to improve corporate governance and comply with regulatory requirements, enhancing its governance structure[163]. - The company has established a comprehensive internal control system to ensure compliance and effective risk management, with a focus on financial reporting accuracy[178]. - The company has maintained a stable management structure with key personnel serving for several years[146]. - The company’s strategic focus includes enhancing governance and leveraging the expertise of its board members for future growth[145]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 576.18 million yuan[141]. Employee and Workforce Information - The total number of employees in the parent company and major subsidiaries was 1,915, with 66 in the parent company and 1,849 in subsidiaries[151]. - The number of technical personnel was 460, accounting for approximately 24.0% of the total workforce[155]. - The educational background of employees includes 166 with postgraduate degrees, 836 with bachelor's degrees, and 585 with associate degrees, totaling 1,915 employees[152]. - The company has implemented a competitive salary policy based on market research and internal fairness to attract and retain talent[153]. Environmental and Regulatory Compliance - The company has completed significant environmental upgrades, including desulfurization and denitrification projects, ensuring compliance with national pollution discharge standards[97]. - The company emphasizes the importance of technological innovation and energy efficiency optimization to create an environmentally friendly enterprise[84]. - The company has not faced any penalties or criticisms from regulatory authorities during the reporting period[121].