SEP(SH:600021)2019-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2019 was CNY 11,538,354,259.18, an increase of 4.55% compared to CNY 11,036,308,126.45 in the same period last year[15]. - Net profit attributable to shareholders of the listed company increased by 71.20% to CNY 624,493,262.78 from CNY 364,780,129.74 in the previous year[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses rose by 38.59% to CNY 409,178,372.21[16]. - Basic earnings per share for the first half of 2019 was CNY 0.2386, a 57.60% increase from CNY 0.1514 in the previous year[17]. - The total profit for the first half of 2019 was approximately ¥1.45 billion, compared to ¥1.00 billion in the same period of 2018, reflecting a strong performance[101]. - The company reported a total comprehensive income of approximately ¥1.14 billion for the first half of 2019, compared to ¥446.13 million in the same period of 2018[102]. Cash Flow and Investments - The net cash flow from operating activities decreased by 42.33% to CNY 1,264,179,279.71 compared to CNY 2,192,142,666.07 in the same period last year[16]. - Cash inflow from operating activities was ¥11,137,430,677.86, down from ¥12,013,745,519.37, representing a decline of approximately 7.3%[106]. - Cash outflow from investing activities totaled ¥4,681,256,092.35, an increase from ¥3,911,700,246.10, indicating a rise of approximately 19.6%[109]. - The company reported a decrease in cash and cash equivalents by ¥573,750,204.94, compared to an increase of ¥1,067,018,406.63 in the previous year[109]. - The company engaged in coal procurement with a maximum amount not exceeding 600 million RMB, with actual procurement amounting to 79 million RMB[59]. Asset and Liability Management - Total assets at the end of the reporting period were CNY 104,058,772,112.43, reflecting a 5.46% increase from the previous year[16]. - The total liabilities increased to ¥77,817,046,647.24 from ¥72,344,784,411.66, indicating a growth of about 7.0%[95]. - The company’s total liabilities at the end of the first half of 2019 were approximately 7.02 billion RMB[115]. - The total equity of the company at the end of the first half of 2019 was approximately 19.89 billion RMB[115]. Operational Highlights - The company's new energy sector (solar, onshore wind, and offshore wind) contributed significantly to revenue growth during the reporting period[16]. - The company's heat supply volume for the first half of 2019 was 8,199,500 GJ, reflecting a year-on-year growth of 3.27% and capturing 63.03% of the heat supply market in Shanghai[22]. - The company has expanded its overseas operations, obtaining EU engineering construction qualifications and engaging in power plant operations in countries like Equatorial Guinea, Iraq, and Turkey[23]. - The company aims to increase the proportion of renewable energy in its power generation mix, emphasizing the development of wind and solar energy[22]. Environmental and Regulatory Compliance - All major pollutant emissions from the company's coal-fired power plants have met ultra-low emission standards[67]. - The company has established a commitment to environmental protection and aims to promote green energy and low-carbon development[67]. - The company has implemented a real-time monitoring system for emissions, transmitting data directly to environmental protection authorities[70]. - The company has adhered to national environmental protection laws and conducted environmental impact assessments for new projects[72]. Shareholder and Corporate Governance - The largest shareholder, State Power Investment Corporation, held 1,190,518,219 shares, representing 45.49% of the total shares[85]. - The company guarantees the independence of its financial operations, ensuring separate bank accounts and financial decision-making processes[50]. - The company has committed to ensuring that all related transactions are conducted at fair prices and in compliance with legal requirements[50]. - The company will not distribute profits or increase capital reserves in the current period[48]. Future Outlook and Strategic Initiatives - The company is focusing on enhancing its internal management and cost efficiency to respond to the challenges posed by electricity market reforms[45]. - The company aims to enhance safety management levels and ensure compliance with environmental standards amid increasing ecological accountability[46]. - The company is considering strategic acquisitions to bolster its position in the renewable energy sector, with a budget of 100 million allocated for potential deals[126]. - The company is committed to developing advanced energy technologies and becoming a leading clean energy supplier[45].