HEGC(SZ:000883)2018-08-28 16:00Financial Performance - The company's operating revenue for the first half of 2018 was CNY 5,975,873,148.13, representing a 4.87% increase compared to CNY 5,698,165,792.81 in the same period last year[15]. - The net profit attributable to shareholders of the listed company was CNY 1,412,701,189.54, up 5.15% from CNY 1,343,526,974.92 year-on-year[15]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 9.80% to CNY 1,208,821,509.75 from CNY 1,340,138,292.57 in the previous year[15]. - The total profit amounted to CNY 1.784 billion, up by CNY 50.74 million or 2.93% year-on-year[33]. - The company reported a total revenue of 12.65 billion yuan for the first half of 2018, reflecting a year-on-year increase of 15%[74]. - The total operating cost increased to CNY 4,718,241,459.85 from CNY 4,197,101,946.65, reflecting a rise of approximately 12.38%[173]. - The company's operating profit was CNY 1,751,350,754.53, slightly up from CNY 1,727,151,111.10, showing an increase of approximately 1.40%[173]. - The total comprehensive income for the current period was CNY 2,244,549,541, a decrease of CNY 97,274 compared to the previous period[192]. Cash Flow and Investments - The net cash flow from operating activities was CNY 1,429,899,812.90, an increase of 3.46% compared to CNY 1,382,054,488.80 in the same period last year[15]. - Cash flow from financing activities showed a net outflow of CNY -334,453,125.15, contrasting with a net inflow of CNY 142,225,599.43 previously, indicating a significant shift in financing strategy[182]. - Investment cash inflow was CNY 520,976,124.72, down from CNY 2,060,313,413.36, representing a decline of approximately 74.7%[182]. - The company reported a net increase in cash and cash equivalents of CNY -738,733,927.18, contrasting with an increase of CNY 297,144,196.77 in the previous period, indicating a significant cash outflow[182]. - The company received CNY 2,559,770,000.00 from borrowings, a decrease from CNY 7,313,552,036.23, indicating a reduction in new debt financing by approximately 65%[182]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 46,810,911,418.12, reflecting a 0.98% increase from CNY 46,356,934,869.92 at the end of the previous year[15]. - Total liabilities amounted to CNY 18.36 billion, up from CNY 18.16 billion, reflecting a growth of about 1.10%[165]. - The company's retained earnings increased to CNY 7.99 billion from CNY 7.23 billion, representing a growth of about 10.54%[166]. - The total liabilities at the end of the period were 646,810,900 RMB, reflecting a significant financial position[198]. Shareholder Information - The company reported a total share count of 6,507,449,486 shares, with 82.15% being unrestricted shares[132]. - Hubei Provincial Hongtai State-owned Capital Investment Operation Group Co., Ltd. holds 27.37% of shares, increasing by 4,624,000 shares during the reporting period[134]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[136]. Legal and Compliance Issues - The company is currently involved in a significant lawsuit with a total claim amount of 70.65 million yuan, which is still under judicial review[78]. - The company has initiated legal proceedings against Shanghai Luogang for contract disputes, with the case currently under review by the Shanghai court[81]. - The company is actively managing its legal risks and pursuing recovery of outstanding debts[81]. - The company has committed to ensuring that its controlled entities will not engage in similar business activities that could lead to competition with the company itself[69]. Environmental and Social Responsibility - The company invested 580 million yuan in environmental governance for its third-phase project, which is expected to meet ultra-low emission standards upon completion[105]. - The company is committed to precise poverty alleviation projects, with a planned investment of 600,000 yuan for a project in Enshi Prefecture[111]. - The company plans to invest a total of 203.8 million yuan in poverty alleviation projects, helping 1,070 registered impoverished individuals to escape poverty[117]. Future Plans and Strategies - The company aims to extend its industrial chain by actively introducing strategic investors and forming a complete industrial value chain[28]. - The company plans to continue optimizing its power generation structure, focusing on the coordinated development of hydropower, wind power, and solar energy[27]. - The company plans to expand its market presence through the inclusion of new subsidiaries and investments in renewable energy[200].