Shenergy(SH:600642)2015-04-28 16:00Financial Performance - The company's operating revenue for 2014 was approximately CNY 25.41 billion, a decrease of 1.31% compared to 2013[25]. - The net profit attributable to shareholders of the listed company was approximately CNY 2.06 billion, down 15.82% from the previous year[25]. - The net profit after deducting non-recurring gains and losses was approximately CNY 1.87 billion, a decrease of 22.60% year-on-year[25]. - The company's operating revenue for the current period is ¥25,407,407,815.34, a decrease of 1.31% compared to ¥25,745,396,759.74 in the same period last year[43]. - The net cash flow from operating activities increased by 30.15% to ¥4,366,909,830.19, up from ¥3,355,203,635.78 year-on-year[43]. - The net profit of Huaneng Shanghai Shidongkou Power Generation Co., Ltd. was 432,558,842.62 RMB, a decrease of 21.50% compared to the previous year[81]. - The company reported a total comprehensive income of CNY 3,565,471,486.42, compared to CNY 3,382,466,217.32 in 2013[195]. Assets and Liabilities - The total assets of the company at the end of 2014 were approximately CNY 42.48 billion, an increase of 2.59% from the previous year[25]. - The company's total liabilities decreased from CNY 13.86 billion at the beginning of the year to CNY 12.57 billion, representing a reduction of about 9.3%[190]. - The total equity of the company increased from CNY 27.55 billion to CNY 29.90 billion, indicating a growth of approximately 8.5%[190]. - Accounts receivable decreased from CNY 2.65 billion to CNY 1.81 billion, a decline of approximately 31.8%[189]. - The company's inventory at the end of 2014 was CNY 559.50 million, down from CNY 572.64 million, a decrease of about 2.3%[189]. Cash Flow - Cash flow from operating activities increased by 30.15% to approximately CNY 4.37 billion compared to 2013[25]. - The cash flow from investing activities shows a net outflow of ¥1,065,426,208.05, improving from a net outflow of ¥1,366,651,892.42 in the previous period[199]. - The cash flow from financing activities resulted in a net outflow of ¥3,313,304,678.97, worsening from a net outflow of ¥1,528,191,106.64 in the previous period[199]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of CNY 2.00 per 10 shares (including tax) as part of its profit distribution plan[5]. - The proposed cash dividend for 2014 is 2.00 RMB per 10 shares, amounting to a total cash distribution of 910.41 million RMB[100]. Operational Efficiency and Strategy - The company aims to enhance its operational efficiency by optimizing production plans and improving the availability of generating units[90]. - The company is actively pursuing a "go out" strategy to expand its market presence and engage in overseas projects[91]. - The company is focusing on the development of clean energy projects and aims to strengthen cooperation with central enterprises and local energy companies[91]. Risk Management and Compliance - The company has outlined potential risks in its future plans, including policy and industry risks[11]. - The company emphasizes the importance of internal control management to mitigate risks and enhance overall management quality[95]. - The company has implemented a comprehensive internal control system to ensure full coverage and effective risk management[95]. Shareholder Information - The total number of shareholders as of the end of the reporting period is 210,860, an increase from 210,245 five trading days prior[134]. - The largest shareholder, Sheneng (Group) Co., Ltd., holds 2,322,735,508 shares, representing 51.03% of the total shares[136]. Management and Governance - The company has implemented a remuneration management system for its independent directors and senior management, approved by the shareholders' meeting[151]. - The company has made governance improvements and established new management systems for insider information to enhance operational compliance[162]. - The company held its 33rd shareholder meeting on May 20, 2014, where various resolutions were passed, including the election of the eighth board of directors[163].