GED(SZ:000539)2017-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2017 was CNY 12,385,486,577, representing a 21.01% increase compared to CNY 10,234,989,566 in the same period last year[16]. - The net profit attributable to shareholders of the listed company decreased by 82.56% to CNY 128,735,725 from CNY 738,374,784 year-on-year[16]. - Basic and diluted earnings per share dropped by 82.50% to CNY 0.0245 from CNY 0.14 in the same period last year[16]. - The weighted average return on net assets decreased to 0.55%, down from 3.09% in the previous year[16]. - The net profit from wind power business grew by 148.87% year-on-year, contributing positively to the overall profitability despite initial losses in the first quarter[40]. - The total comprehensive income for the first half of 2017 was CNY 296,636,460, down from CNY 941,265,185 in the same period last year[145]. - The profit attributable to the parent company's shareholders was CNY 128,735,725, down 82.6% from CNY 738,374,784 in the previous year[145]. Cash Flow and Investments - The net cash flow from operating activities fell by 66.38% to CNY 1,578,925,284, down from CNY 4,696,500,182 in the previous year[16]. - The cash inflow from operating activities totaled CNY 14,564,475,343, an increase of 20.2% from CNY 12,106,550,071 in the previous period[152]. - The cash outflow for purchasing goods and services increased significantly to CNY 11,194,266,293, compared to CNY 5,231,263,343 in the previous period[152]. - The net cash flow from investment activities was -CNY 1,328,116,995, slightly improved from -CNY 1,373,180,461 in the previous period[152]. - The company received CNY 1,001,942,001 in investment income, a decrease of 47.3% from CNY 1,896,415,452 in the previous period[156]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 70,230,573,061, a slight decrease of 0.63% from CNY 70,677,003,760 at the end of the previous year[16]. - The total liabilities amounted to CNY 5,011,567,870, slightly down from CNY 5,019,845,241 at the end of the previous period[144]. - The company's total equity decreased from CNY 29,336,564,762 to CNY 28,907,387,481, a decline of about 1.46%[137]. - The debt-to-asset ratio increased to 58.84% from 58.49%, reflecting a rise of 0.35%[125]. - Cash and cash equivalents increased significantly from CNY 326,073,538 to CNY 671,110,947, representing a growth of about 105.5%[139]. Operational Highlights - The average selling price of electricity was 444.39 RMB per MWh, a decrease of 18.77 RMB per MWh year-on-year, with total electricity sales volume increasing to 32.246 billion kWh, up 6.775 billion kWh year-on-year[28]. - The average utilization hours of coal-fired units increased by 403 hours year-on-year, reaching 1959 hours[39]. - The company completed ultra-low emission upgrades for 8 coal-fired units with a total capacity of 4.27 million kW during the reporting period[40]. - The company is actively expanding its electricity sales business to capture opportunities from power system reforms[36]. - The company has optimized its energy structure by developing clean energy projects, including wind and hydroelectric power[34]. Shareholder and Governance Information - The company plans not to distribute cash dividends or issue bonus shares for this period[5]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[108]. - The company has not engaged in any significant related party transactions during the reporting period[72]. - The total number of common shareholders at the end of the reporting period was 109,198[106]. - Guangdong Provincial Electric Group Co., Ltd. holds 67.39% of the shares, amounting to 3,538,005,285 common shares[106]. Environmental and Social Responsibility - The company operates several power plants that are classified as key pollutant discharge units, with specific emissions data reported for various pollutants including sulfur dioxide and nitrogen oxides[93]. - The total emissions of sulfur dioxide from the ShaJiao A Power Plant were reported at 267.12 tons, while nitrogen oxides emissions were 409.92 tons, both within the standards set by the relevant regulations[93]. - The company continues to implement the "Precision Poverty Alleviation" strategy as part of its social responsibility initiatives[89]. - During the reporting period, the company provided financial assistance of 54.99 million and material assistance of 3.56 million for poverty alleviation, helping 203 registered impoverished individuals to escape poverty[90]. - The company is committed to promoting clean energy development and ensuring that ongoing projects are completed as scheduled[60].