LEP(SH:600644)2015-07-31 16:00Financial Performance - The company's operating revenue for the first half of 2015 was ¥772,435,081.94, representing a 4.42% increase compared to ¥739,759,715.28 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2015 was ¥37,088,037.00, which is a 30.08% increase from ¥28,510,905.29 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥36,521,366.60, showing a significant increase of 210.76% compared to ¥11,752,424.58 in the same period last year[22]. - The company reported operating revenue of 772.44 million yuan, a growth of 4.42% compared to 739.76 million yuan in the same period last year, and net profit attributable to shareholders increased by 30.08% to 37.09 million yuan[29]. - The company reported a net profit of -1,251,573,296.15 CNY for the year 2014, with a net profit attributable to shareholders of -1,139,314,897.75 CNY[56]. - The total distributable profit for 2014, after accounting for the beginning retained earnings of 20,464,873.46 CNY, was -1,118,850,024.29 CNY, leading to no profit distribution or capital reserve increase for the year[56]. - The company anticipates a cumulative net profit loss for the period from the beginning of the year to the next reporting period[58]. - The company reported a total comprehensive income for the first half of 2015 of CNY 41,442,370.17, compared to a loss of CNY 18,295,551.50 in the previous period[110]. Cash Flow and Assets - The net cash flow from operating activities decreased by 75.04%, amounting to ¥27,664,429.54, down from ¥110,837,509.24 in the previous year[22]. - The total assets at the end of the reporting period were ¥2,594,314,993.77, a decrease of 2.53% from ¥2,661,710,078.36 at the end of the previous year[22]. - Current assets decreased from 1,110,004,102.89 to 599,097,152.59, a decline of approximately 46%[101]. - Cash and cash equivalents dropped from 937,669,845.38 to 331,148,729.11, a decrease of about 65%[101]. - Total liabilities decreased from 1,675,520,558.10 to 1,566,683,103.34, a reduction of about 6.5%[103]. - Total equity increased slightly to CNY 646,985,161.24 from CNY 643,825,297.31, an increase of 0.3%[107]. - The ending cash and cash equivalents balance was CNY 225,638,334.34, down from CNY 130,579,265.84 in the previous period[116]. Investments and Acquisitions - The company completed the acquisition of 100% equity in Leshan Chuanqian Power Co., Ltd. through its wholly-owned subsidiary, Qianwei Zhengxin Investment Co., Ltd.[30]. - The company plans to actively pursue the acquisition of Sichuan Dadu River Power Co., Ltd. to enhance its market position[30]. - The company invested CNY 580 million to acquire a 21.60% stake in Sichuan Shengtian New Energy Development Co., with CNY 116 million contributed during the reporting period[42]. - The company’s investment in external equity reached 441.46 million yuan, a remarkable increase of 526.79% compared to the previous year[41]. Legal and Regulatory Matters - There are ongoing litigations involving the company, with one case involving a claim amount of 39,741.76 million CNY, which has been recognized as a contingent liability of 20,711.99 million CNY[59]. - The company is involved in a legal dispute with the Bank of China regarding a loan, with the amount in question being 36,733.83 million CNY[60]. - The company has filed an appeal against a court ruling related to a debt obligation, which has implications for its financial liabilities[61]. - The company is currently facing significant legal challenges that may impact its financial position and future profitability[59]. Shareholder and Capital Structure - Leshan State-owned Assets Management Company holds 103,608,320 shares, accounting for 19.24% of the total shares, with 49,350,700 shares pledged, representing 9.17% of the total shares[89]. - The total number of shareholders reached 24,573 by the end of the reporting period[90]. - The top ten shareholders include three state-owned entities, with Leshan State-owned Assets Management Company and Tianjin Bohai Information Industry Fund both holding 79,470,198 shares, each accounting for 14.76%[91]. - The company has no significant changes in its share capital structure during the reporting period[87]. Financial Reporting and Compliance - The financial report is prepared as of June 30, 2015, but specific financial figures are not provided in the extracted content[100]. - The company’s financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, reflecting its financial position and operating results accurately[144]. - The company follows the accounting treatment for business combinations under common control and non-common control, with specific methods for initial investment cost measurement and adjustments to capital reserves and retained earnings[148]. Operational Performance - The company achieved a total electricity generation of 184 million kWh, a decrease of 4.04% year-on-year, while electricity sales increased to 1.028 billion kWh, up 1.20% from the previous year[29]. - The company’s electricity business gross margin improved slightly by 0.24 percentage points to 27.65%[41]. - The company’s sales revenue in Meishan increased by 20.52% year-on-year, indicating strong regional performance[39]. Corporate Governance - The company maintains compliance with corporate governance standards as per regulatory requirements[84]. - The report indicates no stock option incentives granted to directors, supervisors, or senior management during the reporting period[97]. - The company has appointed two independent directors, while two others resigned during the reporting period[97].