DTPC(SH:600719)2014-04-24 16:00Financial Performance - In 2013, the net profit attributable to shareholders of Dalian Thermal Power Co., Ltd. was CNY 4,151,618.79, with a total distributable profit of CNY 52,800,998.48 at year-end[6]. - The company's operating revenue for 2013 was CNY 674.50 million, a slight increase of 0.62% compared to CNY 670.37 million in 2012[24]. - Net profit attributable to shareholders was CNY 4.15 million, representing a significant increase of 47.43% from a loss of CNY 34.51 million in 2012[24]. - The net cash flow from operating activities reached CNY 347.28 million, a substantial increase of 348.52% compared to CNY 77.43 million in the previous year[25]. - The total amount of non-recurring gains and losses for 2013 was CNY 14.23 million, compared to CNY 28.20 million in 2012[23]. - The basic earnings per share for 2013 was CNY 0.0205, an increase of 46.43% from CNY 0.014 in 2012[25]. - The weighted average return on net assets was 0.58%, an increase of 0.185 percentage points from 0.395% in 2012[25]. - The company's total assets at the end of 2013 were CNY 1.40 billion, a decrease of 5.74% from CNY 1.48 billion at the end of 2012[24]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.062 per 10 shares, totaling CNY 1,254,258.76, based on a total share capital of 20,229.98 million shares as of December 31, 2013[6]. - In 2013, the company distributed cash dividends amounting to 1,254,258.76 RMB, representing 30.21% of the net profit attributable to shareholders[47]. - The company reported a cash dividend of 1,011,499.00 RMB in 2012, which was 35.92% of the net profit attributable to shareholders[47]. Business Operations - The company has maintained its main business of combined heat and power generation without any changes since its listing[18]. - The company completed a total electricity generation of 520 million kWh in 2013, a decrease of 1.9% year-on-year[24]. - The sales volume of steam was 784,000 tons, down 7.7% compared to the previous year[24]. - The area charged for heating in the main urban area increased to 10.85 million square meters, an increase of 2.6% year-on-year[24]. - The company's main business revenue increased by 25.53 million yuan, primarily due to the heating revenue from the newly consolidated subsidiary, Zhuanghe Huanghai Thermal Power Co., Ltd., which contributed 22.72 million yuan[28]. Financial Position - The company's short-term borrowings decreased by 32.52% to 386 million yuan, reflecting increased repayment efforts[30]. - The company's cash and cash equivalents increased by 136.18% to 140,380,442.87 yuan, attributed to improved sales collection and consolidation of subsidiary financials[30]. - The company's receivables decreased by 30.28% to 160,552,842.22 yuan, indicating improved collection efficiency[30]. - The company reported a total asset value of 3,897.09 million RMB and a net equity of 1,626.84 million RMB as of the end of 2013[68]. - The total liabilities decreased to CNY 677,572,642.66 from CNY 765,739,094.89, reflecting a decline of approximately 11.5%[104]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding future plans and development strategies[7]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - There are no violations of decision-making procedures regarding external guarantees[7]. - The company has maintained strict compliance with information disclosure regulations, ensuring accurate and complete reporting without any violations during the reporting period[90]. - The company has actively rectified issues related to independence and related party transaction limits identified during the annual report inspection[94]. Strategic Initiatives - The company plans to leverage its dominant position in the regional heating market and government support for energy-saving initiatives to enhance its competitive edge[33]. - The company aims to achieve a sales revenue of 6.8 billion yuan and a target profit of 10 million yuan for the upcoming year[40]. - The company plans to expand its heating service area by 1.59 million square meters in the main urban area and 300,000 square meters in Zhuanghe City[40]. - The company is focusing on upgrading the Beihai Power Plant to enhance technical equipment levels and expand capacity in phases[39]. - The company plans to actively explore the "coal supply chain service" model to reduce costs and mitigate risks associated with rising railway freight[44]. Corporate Governance - The company has established employee wellness initiatives, including health check-ups and fitness facilities[48]. - The company has a commitment to social responsibility, aiming for sustainable development and harmonious relations with stakeholders[48]. - The company has a structured compensation decision-making process for its directors and senior management, which is reviewed by the compensation committee and approved by the shareholders' meeting[80]. - The company has maintained a stable management structure with experienced personnel in key positions, ensuring continuity in operations[79]. - The company has a diverse board with a mix of genders and ages, promoting a balanced governance structure[73]. Internal Control and Audit - The company received a standard unqualified audit report from Zhongzhun Accounting Firm[6]. - The internal control audit report issued by Zhongzhun Accounting Firm confirmed the effectiveness of the company's internal controls with a standard unqualified opinion[99]. - The company has prepared an internal control evaluation report for 2013, which outlines the assessment of its internal control processes[97]. - The company aims to enhance operational efficiency and risk prevention capabilities through improved internal control measures[96]. Shareholder Information - The total number of shareholders at the end of the reporting period is 30,634[64]. - The largest shareholder, Dalian Thermal Power Group Co., Ltd., holds 32.91% of shares, totaling 66,566,892 shares[64]. - There are no other shareholders holding more than 10% of shares as of the end of the reporting period[70]. Employee and Management - The total number of employees in the parent company and major subsidiaries is 831, with 826 in the parent company and 5 in subsidiaries[82]. - The total remuneration for the board members and senior management during the reporting period amounted to 231.29 million yuan, with an average of 227.27 million yuan after tax[72]. - The average age of the board members is 52 years, with a mix of experience in various sectors including energy and management[73]. - The company has seen personnel changes in its executive team, with several new appointments including Guo Jiping and Kong Fanxin as Vice General Managers[81].