*ST金山(600396) - 2022 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2022 was approximately CNY 3.42 billion, representing a 6.30% increase compared to CNY 3.22 billion in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2022 was a loss of approximately CNY 773.53 million, worsening from a loss of CNY 315.56 million in the previous year[20]. - The net cash flow from operating activities increased by 14.52% to approximately CNY 439.06 million, compared to CNY 383.39 million in the same period last year[20]. - The basic earnings per share for the first half of 2022 was CNY -0.5252, compared to CNY -0.2143 in the same period last year[22]. - The company reported a non-recurring profit of approximately ¥18.34 million, with a tax impact of ¥1.6 million and minority interest impact of ¥4.12 million[25]. - The company achieved a total electricity generation of 747,278.19 million kWh, a decrease of 13.35% year-on-year[36]. - The net profit of Tieling Company decreased by 92.35% year-on-year, primarily due to a significant increase in coal prices and fuel costs[49]. - The net profit of Dandong Thermal Power Company decreased by 488.35% year-on-year, also attributed to rising coal prices and increased fuel costs[49]. - The company reported a significant lawsuit involving a claim of RMB 7,448,630.17 related to unpaid coal payments, with a total potential liability of RMB 7,636,881.25[75]. Assets and Liabilities - The total assets decreased by 6.91% to approximately CNY 19.50 billion, down from CNY 20.95 billion at the end of the previous year[21]. - The net assets attributable to shareholders were negative at approximately CNY -559.66 million, a decline of 380.28% from CNY 199.68 million at the end of the previous year[21]. - The company's total assets decreased from CNY 20,946,277,330.45 to CNY 19,498,198,421.20, a reduction of approximately 6.92%[108]. - Total liabilities decreased from CNY 20,670,345,694.48 to CNY 20,048,829,997.76, a decline of about 3.00%[108]. - The company's total non-current liabilities amounted to CNY 1,717,708,010.60, an increase from CNY 1,279,990,453.13 in the previous year[112]. Operational Efficiency - The average utilization hours of the company's thermal power units in Liaoning were 1,119 hours, which is 532 hours lower than the provincial average[30]. - The average utilization hours of thermal power units in the Northeast grid were 1,651 hours, reflecting a year-on-year decrease of 200 hours[30]. - The company’s heat supply reached 14.15 million GJ, covering a heating area of 72.79 million square meters[30]. - The coal procurement cost for coal-fired power plants increased by approximately ¥200 billion year-on-year due to high coal prices, significantly impacting profitability[31]. - The company achieved a 20% increase in on-grid electricity prices compared to the benchmark price, enhancing economic efficiency in power generation and heating[32]. Cash Flow and Investments - The company's investment activities generated a net cash flow of -286,949,716.53 yuan, a decrease of 84.93% year-on-year[38]. - The company reported a bank deposit balance of RMB 789,554,651.61, with interest income from current deposits amounting to RMB 4,691,567.28, an increase from RMB 4,098,654.12 in the same period last year[86]. - The company received CNY 3,108,295,425.03 in borrowings during the first half of 2022, up from CNY 1,953,000,000.00 in the same period of 2021[124]. - Cash flow from investing activities showed a net outflow of approximately ¥287 million, worsening from a net outflow of ¥155 million in the previous year[122]. Related Party Transactions - The total amount of related party transactions during the reporting period reached RMB 765,001,450.25, primarily from coal procurement[77]. - The largest single transaction was coal procurement from Huadian Global (Beijing) Trade Development Co., Ltd., amounting to RMB 720,911,211.63[77]. - The company provided financing leasing services amounting to RMB 148,639,100.31 to Huadian Financing Leasing Co., Ltd.[82]. - The company has provided a total of RMB 1,356,500,000.00 in funds to related parties, with RMB 249,000,000.00 already repaid by the end of the reporting period[90]. Governance and Compliance - The company has established independent financial and operational structures to ensure compliance with regulatory requirements and maintain operational autonomy from its parent group[72]. - The company is committed to maintaining independent financial decision-making and tax compliance, ensuring no shared banking accounts with related parties[72]. - The company guarantees that it will not engage in illegal occupation of Kingsoft's funds or assets, and will not request any form of guarantees from Kingsoft[71]. - The company has a robust governance structure in place, including independent boards and management teams, to uphold corporate governance standards[72]. Environmental Compliance - The company achieved a total emission of 89.6 tons of smoke, 548.74 tons of sulfur dioxide, and 1058.89 tons of nitrogen oxides, all meeting the total emission requirements of the pollution discharge permit[57]. - The dust removal facilities operated at a 100% operational rate with an efficiency greater than 99.9%, while the denitrification facilities had a 97.5% operational rate and an efficiency of 86.90%[58]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 97,473[99]. - The largest shareholder, Huadian Energy Co., Ltd., held 308,061,649 shares, accounting for 20.92% of the total shares[99]. - The company did not experience any changes in its share capital structure during the reporting period[97]. Accounting Policies - The accounting policies comply with the requirements of enterprise accounting standards, ensuring a true and complete reflection of the company's financial status[145]. - The company's accounting currency is Renminbi (CNY)[147]. - The consolidated financial statements are prepared based on the financial statements of the parent company and its subsidiaries, following relevant accounting standards[152].