GDPD(SH:600795)2016-04-11 16:00Financial Performance - In 2015, the company achieved a total profit of 9.758 billion yuan, reflecting a steady growth in economic efficiency[2]. - The company's operating revenue for 2015 was 54.58 billion yuan, a decrease of 11.67% compared to the previous year, primarily due to a decline in power generation and sales[50]. - The net profit attributable to shareholders was CNY 4.20 billion, down 30.02% from CNY 6.01 billion in 2014[23]. - The basic earnings per share decreased by 38.22% to CNY 0.215 from CNY 0.348 in 2014[25]. - The diluted earnings per share fell to CNY 0.215, down 36.58% from CNY 0.339 in 2014[25]. - The weighted average return on equity decreased to 8.945%, down 6.435 percentage points from 15.38% in 2014[25]. - The company reported a net loss of 402.91 million RMB attributable to minority interests in 2015[35]. - The company's investment income decreased by 92.73% due to losses from associates[27]. - The company reported a significant increase in wind power generation in Shanxi, with a year-on-year growth of 33.69%[72]. Dividend and Shareholder Returns - The company implemented a cash dividend distribution plan, proposing a payout of 1.1 yuan per 10 shares, amounting to a total of approximately 2.162 billion yuan based on the total share capital of 19,650,397,845 shares[8]. - The company reported a cash dividend of 1.1 yuan per 10 shares for the 2015 fiscal year, totaling approximately 2.16 billion yuan, which represents 52.89% of the distributable profit[98]. - The company has committed to a cash dividend policy that ensures at least 50% of the distributable profit is distributed annually, provided there are no major investment plans[97]. Operational Efficiency and Capacity - The company's installed capacity reached 46.3035 million kW by the end of 2015, accounting for 3.07% of the national total, with thermal power at 31.2075 million kW (67.40%) and hydropower at 10.8003 million kW (23.32%)[41]. - The total electricity generation for the company was 168.657 billion kWh, a decrease of 5.76% year-on-year, with a utilization hour of 4,077 hours, exceeding the national average by 108 hours[41]. - The average utilization hours for thermal power plants dropped to a record low of 4,329 hours in 2015[37]. - The company achieved a coal consumption rate of 303.42 grams per kWh in 2015, reflecting ongoing improvements in efficiency[39]. - The company completed heating supply of 53.5337 million GJ, representing a year-on-year growth of 9.92%[41]. Strategic Focus and Development - The company focused on developing high-quality wind power, efficient clean coal power, and large hydropower projects, actively participating in the national "Belt and Road" strategy[2]. - The company aims to become a first-class comprehensive power listed company by the end of the 13th Five-Year Plan, focusing on coal and electricity integration, innovation, and advanced management[4]. - The company plans to deepen reforms and enhance market competitiveness and sustainable profitability in 2016, marking the beginning of the 13th Five-Year Plan[4]. - The company is actively pursuing overseas project investments, leveraging opportunities from the "Belt and Road" initiative[92]. Financial Management and Investments - The company has established a comprehensive risk management system that operates effectively, contributing to improved management efficiency[4]. - The company has strengthened financing management and explored new financing channels, enhancing communication with overseas investors[4]. - The company reported a total of RMB 42.82 million in revenue from various projects in 2015[77]. - The company has invested in multiple renewable energy projects, with 100% ownership in several wind and hydropower companies[81]. - The company reported a loss of CNY 1,730,909,070.36 from its investment in Kexin Technology Co., Ltd. for the reporting period[82]. Market and Competitive Position - The company reported that multiple indicators are at the leading level within the industry, indicating solid operational development[4]. - The company’s electricity sales in the power industry decreased by 11.31% year-on-year, while the gross profit margin increased by 1.94 percentage points to 32.54%[52]. - The company's total revenue for 2015 was approximately 46.76 billion CNY for electric products, with a year-over-year decrease of 11.31%[53]. - The company's operating income from the top five customers accounted for 58.15% of total revenue, totaling approximately 31.74 billion CNY[55]. Governance and Compliance - The company emphasizes compliance with laws and regulations in its governance structure, ensuring accurate and timely information disclosure[184]. - The company maintained independence from its controlling shareholder in business, personnel, assets, and financial matters[193]. - The audit committee confirmed that the financial statements accurately reflect the company's overall situation and provided specific modification suggestions during their meetings[189]. Future Outlook - The company anticipates a 1%-2% growth in national electricity demand for 2016, with overall electricity supply capacity expected to be surplus[90]. - By the end of 2016, the installed capacity of non-fossil energy generation is projected to reach 36% of total capacity, with total installed capacity expected to be 1.61 billion kilowatts[91]. - The company plans to develop 820,000 kilowatts of wind power throughout the year, focusing on regions such as Hunan, Shanxi, Zhejiang, Yunnan, and coastal Guangdong[92].