GDG(SH:600098)2021-08-27 16:00Financial Performance - The company's operating revenue for the first half of 2021 was ¥17,850,421,305.07, representing a 27.34% increase compared to ¥14,018,452,112.71 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was ¥663,687,981.95, up 23.66% from ¥536,705,902.33 in the previous year[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥546,919,802.08, which is a 10.24% increase from ¥496,116,759.99 in the same period last year[16]. - The net cash flow from operating activities was ¥730,500,869.71, reflecting a 5.32% increase compared to ¥693,573,048.22 in the previous year[16]. - The total assets at the end of the reporting period were ¥51,729,988,861.09, a 19.19% increase from ¥43,400,669,145.60 at the end of the previous year[16]. - The net assets attributable to shareholders of the listed company were ¥18,227,787,205.80, showing a 1.50% increase from ¥17,959,021,216.56 at the end of the previous year[16]. - Basic earnings per share for the reporting period (1-6 months) increased to 0.2493 CNY, up 24.15% from 0.2008 CNY in the same period last year[17]. - Diluted earnings per share for the reporting period also reached 0.2493 CNY, reflecting a 24.15% increase compared to the previous year[17]. - The weighted average return on equity rose to 3.62%, an increase of 0.51 percentage points from 3.11% year-on-year[17]. - The company achieved operating revenue of 17.85 billion CNY, a year-on-year increase of 27.34%, and a net profit attributable to shareholders of 664 million CNY, up 23.66% year-on-year[30]. Operational Highlights - The electricity business saw a market transaction volume of 6.3 billion kWh, a 15% increase year-on-year, with total power generation reaching 8.793 billion kWh, up 30.28% year-on-year[30]. - The gas business completed natural gas sales of 1.159 billion cubic meters, a 26.09% increase year-on-year, with terminal and distribution user sales growing by 24% and 46% respectively[30]. - The renewable energy segment reported a power generation of 1.442 billion kWh, a significant increase of 141.78% year-on-year, with controllable installed capacity growing by 52% to approximately 1.5 million kW[31]. - The company expanded its strategic layout, with green and low-carbon energy accounting for over 40% of its business[33]. - The company has a controllable installed capacity of 4.0345 million kW for thermal power generation[25]. - The company has a total of 1.5 million kW of controllable installed capacity for renewable energy, with over 10 million kW of project resources reserved, ranking among the top in Guangdong Province[25]. Environmental Compliance - The company’s environmental compliance shows that emissions of major pollutants are within the permitted limits, with no exceedances reported during the reporting period[61]. - The company achieved a 100% operational rate for dust removal facilities with a 99.9% efficiency, and a 100% operational rate for desulfurization facilities with a 98.5% efficiency[65]. - The nitrogen oxide emissions were recorded at 25.56 mg/Nm³, totaling 203.789 tons, which is below the limit of 100 mg/Nm³[63]. - The sulfur dioxide emissions were recorded at 16.28 mg/Nm³, totaling 139.666 tons, which is below the limit of 50 mg/Nm³[63]. - The company has successfully integrated multiple pollutant removal technologies in its coal-fired power plants, achieving ultra-clean or ultra-low emissions[65]. Research and Development - Research and development expenses rose by 27.63% to ¥207.14 million, reflecting the company's focus on cultivating high-tech enterprises and increasing R&D projects[37]. - The company has implemented over 100 R&D projects focusing on hydrogen energy, natural gas hydrate storage, and digital economy innovations[35]. - The company has built 4 provincial engineering technology research centers and 4 municipal R&D institutions, enhancing its independent innovation capabilities[28]. Strategic Initiatives - The company aims to leverage financial services to support energy industry development, enhancing resource integration and industrial synergy for sustainable growth[20]. - The company is focused on comprehensive energy, energy conservation, and environmental protection, with a strong presence in the Guangdong-Hong Kong-Macao Greater Bay Area and expanding operations nationally and internationally[20]. - The company plans to raise up to ¥6 billion through a private placement of A-shares to accelerate its transition to low-carbon and renewable energy[35]. - The company is actively developing a smart gas management system and expanding its LNG emergency peak-shaving gas source station project[27]. Financial Position - The total cash and cash equivalents at the end of the period reached ¥3,312,278,629.13, representing a 173.43% increase compared to the previous year[41]. - Accounts receivable increased to ¥2,306,284,599.97, accounting for 4.46% of total assets, with a year-on-year growth of 13.78% due to increased demand and higher electricity receivables[41]. - Long-term borrowings increased by 53.80% to ¥6,088,281,920.83, driven by new long-term loans and the consolidation of the acquired company, Run Electric New Energy[41]. - The company's equity attributable to shareholders reached ¥18,227,787,205.80, compared to ¥17,959,021,216.56, marking a growth of about 1.5%[122]. Market Expansion - The company plans to continue expanding its market presence and investing in new energy projects, including wind power acquisitions[41]. - The company is involved in comprehensive energy business, including electricity, coal, oil, natural gas, and renewable energy[147]. - The company has established a long-term mechanism to consolidate and expand the achievements of poverty alleviation and effectively connect with rural revitalization efforts[78]. Corporate Governance - The company appointed Ma Suying as the Chief Financial Officer on March 3, 2021[55]. - The company has committed to improving its compensation system to align with performance measures[1]. - The company has implemented a restricted stock incentive plan effective from April 2, 2021, until completion[89]. Shareholder Information - The company will distribute a cash dividend of 0.17 RMB per share (including tax) for the 2020 fiscal year, as approved by the board and the annual general meeting[104]. - The total issued share capital of the company is 2,726,196,558 shares, with a registered capital of 2,726,196,558 RMB[147]. - The top shareholder, Guangzhou Guofa Development Holdings Co., Ltd., holds 1,709,111,863 shares, representing 62.69% of the total shares[108].