Financial Performance - Revenue for the six months ended June 30, 2022, was RMB 343,203,000, representing a 23.27% increase from RMB 278,405,000 in 2021[17]. - Profit from operations decreased by 36.26% to RMB 70,657,000 compared to RMB 110,849,000 in the previous year[17]. - Profit attributable to equity shareholders of the Company fell by 45.77% to RMB 31,748,000 from RMB 58,548,000 in 2021[17]. - Basic earnings per share decreased by 46.09% to RMB 0.069 from RMB 0.128 in the prior year[17]. - Total comprehensive income for the period was RMB 27,603,000, a decrease of 53.0% from RMB 58,725,000 in 2021[44]. - The company reported operating expenses of RMB 199,684,000, significantly higher than RMB 89,429,000 in the same period last year[37]. - The profit attributable to ordinary equity shareholders for the six months ended June 30, 2022, was RMB 31,748,000, a decrease of 46% compared to RMB 58,548,000 for the same period in 2021[121]. Assets and Liabilities - Total assets as of June 30, 2022, were RMB 1,845,404,000, a decrease of 0.70% from RMB 1,858,347,000 at the end of 2021[17]. - Current liabilities increased to RMB 484,510 from RMB 565,303, showing a reduction of approximately 14.3%[49]. - Net current liabilities improved to RMB (220,185) from RMB (336,610), indicating a positive change of about 34.6%[49]. - Interest-bearing borrowings rose to RMB 501,000 from RMB 431,000, marking an increase of approximately 16.2%[52]. - As of June 30, 2022, trade receivables amounted to RMB 47,325,000, down 48% from RMB 90,859,000 as of December 31, 2021[123]. - The Group's total receivables decreased to RMB 63,385,000 as of June 30, 2022, from RMB 93,755,000 as of December 31, 2021[123]. Cash Flow and Investments - For the six months ended June 30, 2022, net cash generated from operating activities was RMB 71,986,000, a decrease of 27% from RMB 98,697,000 in the same period of 2021[68]. - Cash flows used in investing activities were RMB 4,233,000, a decrease from RMB 11,905,000 in the same period of 2021, indicating reduced investment spending[68]. - The company paid interest of RMB 14,409,000 during the period, compared to RMB 26,434,000 in the previous year, indicating a reduction in financing costs[68]. - The Group acquired items of plant and machinery with a cost of RMB 741,000 during the six months ended June 30, 2022, a significant decrease from RMB 8,950,000 for the same period in 2021[121]. Revenue Breakdown - Revenue from electricity volume tariff increased to RMB 163,573,000, up from RMB 74,241,000, representing a growth of 120%[1]. - Capacity tariff revenue decreased to RMB 150,297,000 from RMB 178,925,000, a decline of 16%[1]. - Total revenue from heat sales reached RMB 29,168,000, compared to RMB 24,482,000, marking an increase of 19%[1]. - Revenue from operation and maintenance services fell to RMB 165,000 from RMB 757,000, a decrease of 78%[1]. Dividends and Shareholder Returns - The company did not declare any interim dividend for the period[17]. - A total dividend of HK$25,681,600 (equivalent to RMB 21,895,000) was declared and paid on July 7, 2022[162]. - The company declared dividends of RMB 21,895,000 for the previous year, which is a significant cash outflow[68]. Compliance and Reporting - The company continues to comply with International Accounting Standard 34 in preparing its interim financial report[31]. - The interim financial report is unaudited but has been reviewed by KPMG, ensuring compliance with relevant standards[79]. - The Group has not applied any new accounting standards that are not yet effective for the current accounting period, and recent amendments to IFRSs have not materially affected its financial reporting[82]. Operational Highlights - The Group's principal activities include the development, operation, and management of power plants, generating revenue from volume tariff, capacity tariff, heat sales, and operation and maintenance services[82]. - The Group's natural gas production volume increased by 53.31% to 236,844 MWh compared to 154,489 MWh in the same period last year[186]. - The consumption of natural gas for electricity generation rose by 45.99% to 52,123,375 m³ from 35,703,423 m³ in the corresponding period of last year[186]. - The Group's heat sales volume decreased by 13.81% to 72,362 tons compared to 83,954 tons in the same period last year[190].
普星能量(00090) - 2022 - 中期财报