福能股份(600483) - 2025 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2025 was CNY 6,369,245,484.45, a decrease of 4.44% compared to CNY 6,664,880,317.14 in the same period last year[22]. - Total profit for the period reached CNY 2,005,516,509.92, representing an increase of 20.86% from CNY 1,659,342,920.97 year-on-year[22]. - Net profit attributable to shareholders of the listed company was CNY 1,336,697,866.94, up 12.48% from CNY 1,188,386,222.17 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was CNY 1,316,742,774.40, reflecting a 12.84% increase compared to CNY 1,166,896,651.10 last year[22]. - The company's basic earnings per share increased by 4.35% to CNY 0.48, while diluted earnings per share rose by 14.29% to CNY 0.48 compared to the same period last year[24]. - The company's total installed capacity reached 6,125,200 kW, with wind power contributing 1,809,000 kW and natural gas power contributing 1,560,000 kW[28]. - The company achieved a revenue of 6.369 billion CNY in the first half of 2025, with a net profit attributable to shareholders of 1.337 billion CNY, representing a year-on-year growth of 12.48%[42]. - The wind power generation for the reporting period was 2.867 billion kWh, which can replace approximately 860,000 tons of standard coal and reduce CO2 emissions by about 2.25 million tons[42]. Cash Flow and Assets - The net cash flow from operating activities was CNY 1,620,500,867.60, down 8.20% from CNY 1,765,168,639.19 in the same period last year[23]. - Cash and cash equivalents at the end of the period were CNY 5.67 billion, accounting for 10.59% of total assets[35]. - The total assets at the end of the reporting period amounted to CNY 53,525,560,527.83, up 3.18% from CNY 51,873,417,871.29 at the end of the previous year[23]. - Current assets totaled ¥12.93 billion, up from ¥12.09 billion, indicating an increase of about 6.9% year-over-year[86]. - The total cash inflow from investment activities in the first half of 2025 was 1,104,026,251.26 RMB, an increase from 761,157,153.09 RMB in the same period of 2024[102]. Liabilities and Equity - Total liabilities increased to CNY 21.11 billion from CNY 19.97 billion, marking an increase of about 5.7%[87]. - The company's total equity reached ¥32.41 billion, compared to ¥31.90 billion, which is an increase of approximately 1.6%[87]. - The total liabilities at the end of the period are CNY 28,393,926,406.76, up from CNY 24,930,000,000.00, indicating an increase of approximately 14%[107]. - The total equity at the end of the period is CNY 11,926,062,214.08, which includes minority interests[107]. Dividends and Shareholder Information - The company plans to distribute a cash dividend of CNY 0.73 per 10 shares (including tax) to all shareholders, with no bonus shares or capital reserve fund conversion[6]. - A cash dividend of 0.31 CNY per share was distributed to shareholders, totaling 861.84 million CNY, which is 30.85% of the net profit attributable to shareholders for the fiscal year 2024[44]. - The company intends to distribute a cash dividend of 15% of the net profit attributable to shareholders for the first half of 2025, subject to conditions[45]. - The total number of ordinary shareholders as of the end of the reporting period is 32,519[77]. - The largest shareholder, Fujian Energy Group Co., Ltd., holds 1,536,163,008 shares, accounting for 55.25% of total shares[79]. Governance and Compliance - The board of directors confirmed that the financial report is true, accurate, and complete, with no significant omissions or misleading statements[3]. - The company has committed to not engage in any business activities that compete with its main operations, ensuring no conflicts of interest arise from its controlling shareholders[54]. - The company will ensure that any related party transactions are conducted at market prices and in compliance with legal requirements, protecting the interests of all shareholders[55]. - The company has established a risk control system for funds deposited with its financial company, including annual evaluations of financial conditions and risk assessments[55]. - The company will strictly adhere to its fundraising management system, ensuring that raised funds are not deposited in the financial company[55]. Investments and Projects - The company completed a capital increase of CNY 1,715 million in Haixia Power Generation Co., holding a 35% stake[38]. - The company invested CNY 836,159.81 million in the Xianyou Mulan Pumped Storage Power Station, which is currently under construction and has not yet generated revenue[39]. - The company has approved several energy projects, including a 656,000 kW offshore wind power project and a 1.2 million kW pumped storage power station, which are in the construction preparation stage[43]. - The company reported a net profit of CNY 48,343.43 million from its subsidiary Fuzhou Funiu New Energy, contributing significantly to overall profitability[40]. Risks and Challenges - The company faces risks from fluctuations in coal prices and electricity market conditions, which may impact its thermal power business[41]. - The company reported no significant litigation or arbitration matters during the reporting period[60]. - There were no violations regarding guarantees during the reporting period[59]. Financial Reporting and Accounting - The financial statements are prepared in accordance with the enterprise accounting standards, reflecting the company's financial position and operating results accurately[121]. - The company recognizes impairment losses when the recoverable amount of assets or asset groups falls below their carrying value, with the impairment amount charged to current profit and loss[181]. - Revenue is recognized when the company fulfills its performance obligations, with specific methods for electricity and textile businesses detailed[190].