2021-07-27 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 95.12 billion, representing a 20.17% increase compared to CNY 79.15 billion in the same period last year[15]. - The net profit attributable to shareholders for the first half of 2021 was CNY 4.28 billion, a decrease of 25.30% from CNY 5.73 billion in the previous year[15]. - The net cash flow from operating activities was CNY 19.13 billion, up 20.34% from CNY 15.90 billion in the same period last year[15]. - The basic earnings per share for the first half of 2021 were CNY 0.21, down 34.38% from CNY 0.32 in the same period last year[16]. - The weighted average return on net assets was 4.32%, a decrease of 2.29 percentage points compared to 6.61% in the previous year[16]. - The net profit after deducting non-recurring gains and losses was CNY 3.87 billion, a decrease of 29.35% from CNY 5.48 billion in the same period last year[15]. - The diluted earnings per share were also CNY 0.21, reflecting the same decline of 34.38% compared to the previous year[16]. - Operating revenue increased by 20.17% year-on-year, primarily due to an increase in domestic electricity sales[18]. - The company reported a decrease in investment income of 5.05% year-on-year, mainly due to reduced investment income from joint ventures[18]. - The company achieved operating revenue of CNY 95.12 billion, an increase of 20.17% year-on-year[35]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 448.20 billion, an increase of 2.28% from CNY 438.21 billion at the end of the previous year[15]. - The net assets attributable to shareholders at the end of the reporting period were CNY 120.97 billion, a slight decrease of 0.60% from CNY 121.70 billion at the end of the previous year[15]. - The company's total liabilities increased by 3.24% compared to the end of the previous year, primarily due to an increase in short-term borrowings[17]. - The company's long-term borrowings increased by 4.80%, primarily due to new borrowings for infrastructure investments[17]. - The company's total assets increased by 1.35% compared to the previous year, reflecting ongoing investments in projects and infrastructure[17]. - The company's total liabilities stood at CNY 305.00 billion, up from CNY 296.73 billion, which is an increase of approximately 2.29%[127]. - The company's equity attributable to shareholders decreased slightly to CNY 120.97 billion from CNY 121.70 billion, a decline of about 0.60%[127]. Cash Flow - Cash flow from operating activities reached CNY 19.13 billion, a 20.34% increase year-on-year[36]. - The net cash flow from operating activities for the first half of 2021 was ¥19,134,343,084, an increase of 20.5% compared to ¥15,900,435,625 in the same period of 2020[136]. - Total cash inflow from operating activities reached ¥104,795,400,545, up from ¥83,455,598,819, reflecting a growth of 25.6%[136]. - Cash outflow from operating activities increased to ¥85,661,057,461, compared to ¥67,555,163,194, marking a rise of 26.8%[136]. - The net cash flow from financing activities was (¥1,755,029,074), a decline from ¥2,627,595,186 in the same period last year[136]. Research and Development - Research and development expenses rose by 114.88% (an increase of 65 million RMB), reflecting the company's commitment to enhancing R&D investment in its core business[18]. - The company authorized 20 invention patents and 454 utility model patents in the first half of the year, reflecting its commitment to technological innovation[30]. - Research and development expenses increased significantly to ¥121,545,919 in the first half of 2021, up from ¥56,564,526 in the same period of 2020, reflecting a growth of approximately 114.5%[130]. Environmental Compliance - The company reported SO2 emissions for its coal-fired plants ranging from 0.024 to 0.116 g/kWh, all meeting regulatory standards[71]. - NOx emissions varied from 0.083 to 0.746 g/kWh across different plants, with all emissions compliant with permits[71]. - The company has implemented advanced emission reduction technologies in new coal-fired power units, achieving compliance with stringent environmental standards[63]. - The company has established emergency response plans for environmental incidents, adhering to national and local regulations[77]. - The company has completed ultra-low emission upgrades for all thermal power units and continues to innovate in water conservation and dust control technologies[82]. Strategic Initiatives - The company has made significant advancements in clean energy, with wind power capacity reaching 8,601 MW and solar power capacity at 2,702 MW[29]. - The company has adopted a strategy to increase the proportion of low-carbon clean energy in its energy structure[29]. - The company plans to enhance fuel procurement management and optimize coal types and purchasing structures to mitigate the impact of high coal prices[62]. - The company is focused on integrating pollution control technologies and maintaining high levels of research and development investment in environmental protection[82]. - The company will accelerate its green transformation and increase the proportion of clean energy, aiming for optimization of its coal power structure through various strategies, including replacement and transformation of coal power units[60]. Shareholder Information - The company has 106,024 ordinary shareholders as of the end of the reporting period[108]. - Huaneng International Power Development Company holds 5,066,662,118 shares, representing 32.28% of total shares[109]. - The company distributed a total of RMB 2.83 billion to shareholders during the first half of 2021, which represents a significant portion of the undistributed profits[142]. Financial Instruments and Investments - The company has made substantial investments in various electricity trading centers across China, with total investments amounting to ¥69,600,000 in Zhengzhou Aviation Port and smaller investments in other centers[53][54]. - The company’s equity investments are intended for long-term strategic purposes, classified as financial assets measured at fair value with changes recorded in other comprehensive income[56]. - The company has established a cash flow hedge reserve, which is reclassified to profit or loss when the hedged item affects earnings[175]. Governance and Compliance - The company has a strong governance structure with effective checks and balances among its board, supervisory committee, and management[32]. - The company has undergone changes in its board of directors, with new appointments and departures among its supervisory personnel[68]. - The company has not proposed any profit distribution or capital reserve transfer plans for the current period[69].