长源电力(000966) - 2015 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2015 was ¥2,551,858,658.90, a decrease of 21.55% compared to ¥3,252,664,781.26 in the same period last year[21]. - Net profit attributable to shareholders of the listed company was ¥330,875,126.09, representing an increase of 2.97% from ¥321,324,112.79 in the previous year[21]. - The net cash flow from operating activities decreased by 28.74% to ¥1,031,154,646.83 from ¥1,447,054,309.90 in the same period last year[21]. - Basic earnings per share increased by 2.97% to ¥0.5971, compared to ¥0.5799 in the previous year[21]. - Total assets at the end of the reporting period were ¥9,810,173,226.22, down 5.60% from ¥10,392,579,503.81 at the end of the previous year[21]. - Net assets attributable to shareholders of the listed company increased by 14.50% to ¥2,611,692,535.26 from ¥2,280,930,965.23 at the end of the previous year[21]. - The weighted average return on equity decreased by 4.05% to 13.53% from 17.58% in the previous year[21]. Revenue and Costs - Operating costs were CNY 1,805,314,316.64, down 27.22% year-on-year[38]. - Revenue from electricity generation was ¥2,302,714,072.31, representing a 28.76% increase year-on-year, while the gross margin decreased by 28.72% to 5.03%[41]. - The average coal price for the company decreased by CNY 147.78 per ton, contributing to improved profit margins[36]. - The gross profit margin for electricity products increased to 28.76%, up 5.03 percentage points from the previous year[37]. Cash Flow and Investments - The net increase in cash and cash equivalents for the reporting period was ¥5,597,689.82, a 117.10% increase compared to the same period last year, attributed to increased cash flows from investment and financing activities[40]. - The company reported a net cash flow from operating activities of -3,532,354.31 yuan, a significant decrease compared to 990,292,767.15 yuan in the previous period[149]. - Cash inflow from financing activities was 2,246,250,000.00 yuan, up from 1,925,550,000.00 yuan year-over-year[149]. Dividends and Shareholder Returns - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[5]. - The company has not distributed cash dividends or bonus shares in the previous fiscal year[59]. - The company distributed CNY 14,688,000.00 to shareholders during the reporting period[155]. Assets and Liabilities - The company's total liabilities decreased from CNY 7,863,056,705.19 at the beginning of the period to CNY 6,955,793,580.25 at the end, reflecting a reduction of approximately 11.5%[130]. - The company's current assets totaled RMB 861,510,335.57, down from RMB 1,294,625,275.00 at the beginning of the period, indicating a decline of approximately 33.5%[128]. - The total equity at the end of the reporting period is CNY 1,997,746,532.45, an increase from CNY 1,777,092,280.73 at the end of the previous period, reflecting a growth of approximately 12.4%[158]. Corporate Governance and Compliance - The company has maintained compliance with corporate governance and internal control requirements as per regulatory standards[65]. - The company has not experienced any major litigation or arbitration matters during the reporting period[66]. - The company has not engaged in any violations regarding external guarantees during the reporting period[92]. Accounting Policies and Financial Reporting - The financial statements for the first half of 2015 comply with accounting standards and reflect the company's financial position as of June 30, 2015[169]. - The company has not made any adjustments or restatements to previous years' accounting data due to changes in accounting policies or corrections of accounting errors[21]. - The semi-annual financial report has not been audited[96]. Operational Highlights - The company completed a total power generation of 6.264 billion kWh, accounting for 6.01% of Hubei province's total power generation, with a year-on-year decrease of 20.67%[30]. - The company’s controllable total installed capacity reached 3.6008 million kW, representing 5.7% of Hubei's total installed capacity[30]. - The company is actively promoting biomass gasification power generation projects as part of its market expansion strategy[32]. Related Party Transactions - The company engaged in related party transactions, with procurement from Guodian Materials totaling 5,014.58 million yuan, which is within the approved limit of 20,000 million yuan[73]. - The total amount of related party transactions for the first half of 2015 reached 42,042.02 million CNY, with a maximum annual limit of 159,300 million CNY[74].