HDECL(SH:600726)2017-04-26 16:00Financial Performance - The total operating revenue for 2016 was CNY 8,633,017,069.39, a decrease of 6.17% compared to 2015[20] - The net profit attributable to shareholders of the listed company for 2016 was CNY 148,410,104.01, an increase of 534.34% compared to 2015[20] - The basic earnings per share for 2016 was CNY 0.08, representing a 700.00% increase from CNY 0.01 in 2015[21] - The company achieved operating revenue of CNY 8.633 billion in 2016, completing 99.12% of the board's target of CNY 8.710 billion, and a 6.17% decrease from CNY 9.201 billion in 2015[36] - Net profit for 2016 was CNY 172.23 million, a 523.27% increase from CNY 27.63 million in 2015[36] - The company reported a total of CNY 148,410,104.01 in net profit attributable to ordinary shareholders for the year 2016, with a profit distribution ratio of 0%[84] Assets and Liabilities - The total assets at the end of 2016 amounted to CNY 25,453,958,216.40, a 3.75% increase from CNY 24,532,760,434.77 at the end of 2015[20] - The company's total liabilities reached CNY 21,355,042,128.93, compared to CNY 20,695,514,304.79 at the start of the year, indicating an increase of about 3.30%[147] - The total equity attributable to shareholders of the parent company was CNY 3,391,825,445.18, up from CNY 3,195,562,560.93, representing a growth of approximately 6.14%[147] - Current assets totaled CNY 3,045,389,947.93, down from CNY 3,561,848,447.41, showing a decrease of about 14.48%[145] - The company's cash and cash equivalents decreased to CNY 1,096,500,932.35 from CNY 1,407,876,226.20, a decline of approximately 22.00%[145] Cash Flow - The cash flow from operating activities for 2016 was CNY 2,420,888,299.50, a decrease of 11.26% compared to 2015[20] - Cash flow from investing activities showed a net outflow of CNY 2.030 billion, an increase of 35.10% year-on-year due to higher infrastructure investment payments[45] - The net cash flow from operating activities was CNY 2,420,888,299.50, down from CNY 2,727,968,672.99 in the previous year, indicating a decrease of about 11.2%[161] - The cash flow from financing activities showed a net outflow of CNY -703,803,913.25, slightly worse than CNY -702,030,938.53 in the previous year[162] Operational Highlights - The company achieved a profit total that was the highest since 2005, with all eight power generation and heating enterprises reporting profits, and a power generation completion rate of 101.14% against the annual plan[30] - The company successfully reduced the average coal procurement price by 4.62% year-on-year, despite facing challenges in coal supply[30] - The company expanded its heating supply area by 6.89 million square meters, bringing the total heating area to over 80 million square meters[31] - The company completed the ultra-low emission transformation of five units, achieving compliance with environmental standards across all operational units[32] Employee and Management - The total number of employees in the parent company is 8,308, while the main subsidiaries have 5,182 employees, resulting in a total of 13,490 employees[121] - The company has implemented a salary policy that links income to corporate performance and individual achievements, enhancing the weight of operational performance assessments[122] - The company emphasizes the importance of talent development and has set up a training plan to enhance employee skills and competencies[123] Governance and Compliance - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal procedures[1] - The company has improved its corporate governance structure and internal control systems in accordance with relevant laws and regulations[1] - The company maintains complete independence from its controlling shareholder in personnel, assets, finance, and operations[127] Future Outlook - The company anticipates a challenging operating environment due to rising coal prices and increased operational costs[67] - The company is committed to maintaining a new normal of operational profitability through innovation and lean management[68] - The company is focusing on clean and efficient energy development, with an emphasis on renewable energy and biomass energy projects[70]