福能股份(600483) - 2023 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2023 reached CNY 6,373,870,856.70, an increase of 18.38% compared to CNY 5,384,137,244.18 in the same period last year[14]. - Net profit attributable to shareholders of the listed company was CNY 934,881,143.07, a decrease of 19.11% from CNY 1,155,721,387.87 in the previous year[14]. - The net profit after deducting non-recurring gains and losses was CNY 929,791,272.59, down 19.12% from CNY 1,149,642,330.28 year-on-year[14]. - The net cash flow from operating activities increased by 65.74% to CNY 1,453,502,170.18, compared to CNY 876,958,503.06 in the same period last year[14]. - Basic earnings per share (EPS) fell to 0.48 RMB, down 18.64% from 0.59 RMB in the previous year[16]. - The weighted average return on equity (ROE) decreased by 1.78 percentage points to 4.57%[16]. - The company's net profit for the first half of 2023 was CNY 1,121,490,701.06, a decrease of 20% compared to CNY 1,401,937,517.31 in the same period of 2022[104]. - The company's total comprehensive income for the first half of 2023 was CNY 2,155,827,568.67, compared to CNY 1,299,676,625.49 in the same period of 2022, showing a substantial increase[107]. Assets and Liabilities - Total assets amounted to CNY 47,592,450,606.48, reflecting a decrease of 1.93% from CNY 48,526,634,265.71 at the end of the previous year[14]. - As of the end of the reporting period, the net assets attributable to shareholders of the listed company were CNY 20,190,629,143.05, a slight increase of 1.04% from CNY 19,982,353,096.45 at the end of the previous year[14]. - Total liabilities decreased to approximately ¥22.80 billion from ¥24.00 billion, a decline of about 5.0%[99]. - Current liabilities decreased significantly to approximately ¥6.10 billion from ¥8.58 billion, a reduction of about 28.9%[99]. - The total owner's equity increased to CNY 17,848,703,555.50 from CNY 16,464,789,539.75, representing a growth of 8.4%[102]. Cash Flow - Cash flow from operating activities improved by 65.74% to 1.45 billion RMB[22]. - Operating cash inflow for the first half of 2023 reached CNY 6,934,082,922.16, a 30.7% increase from CNY 5,304,241,405.96 in the same period of 2022[108]. - Net cash flow from operating activities amounted to CNY 1,453,502,170.18, up 65.5% from CNY 876,958,503.06 year-on-year[109]. - Cash outflow from investment activities totaled CNY 811,232,508.16, a decrease of 31.7% compared to CNY 1,189,152,264.93 in the previous year[109]. - The total cash and cash equivalents at the end of the period stood at CNY 3,189,732,533.47, down from CNY 3,661,373,489.76 at the end of the previous year[109]. Environmental and Social Responsibility - The company achieved a SO2 emission concentration of 17.17 mg/m³, well below the standard value of 35 mg/m³, with a total emission of 260.37 tons in 2023[38]. - NOx emissions were recorded at 33.43 mg/m³, significantly under the 50 mg/m³ limit, resulting in a total emission of 505.09 tons[38]. - The wastewater treatment system has achieved zero discharge, effectively recycling all wastewater[39]. - The company invested a total of 6.6063 million yuan in poverty alleviation and rural revitalization projects, benefiting 30 individuals through various support activities[49]. - The company is committed to achieving carbon neutrality by enhancing the reliability of wind power generation and expanding its heating market[48]. Corporate Governance - The board of directors and senior management have confirmed the authenticity, accuracy, and completeness of the financial report[2]. - The company has not disclosed any plans for profit distribution or capital reserve conversion into share capital during this reporting period[2]. - The company guarantees that it will independently manage its assets and will not allow the controlling shareholder to occupy its assets or resources[57]. - The company will ensure the independence of its financial operations, including establishing an independent financial department and accounting system[57]. - The company has committed to a shareholder dividend return plan for the years 2021-2023, approved at the annual general meeting on June 28, 2021[63]. Investments and Capital Structure - The company completed a capital increase in Haixia Power with an investment of ¥12,582.50 million, holding a 35% stake[26]. - The company raised a total of RMB 2,681,336,430.95 from a private placement of A shares, with a share price of RMB 9.20[120]. - The company issued 969,863,611 shares to acquire assets from Fujian Energy Group, valued at RMB 464,564.67 million[120]. - The company issued 208,540,956 restricted shares on June 19, 2023, increasing the total share capital to approximately 1.95 billion shares[81]. - The top shareholder, Fujian Energy Group, holds approximately 1.18 billion shares, representing 60.29% of the total shares[85]. Related Party Transactions - The company reported a total of approximately 1.844 billion RMB in related party transactions during the reporting period, with 1.708 billion RMB for purchasing goods and 0.41 billion RMB for services provided by related parties[64]. - The actual amount for purchasing coal from related parties was 1.232154 billion RMB, while the total for auxiliary materials was 0.076444 billion RMB[65]. - The company has no major related party transactions that were not disclosed in temporary announcements[68]. Accounting Policies - The company’s financial statements are prepared in accordance with the enterprise accounting standards and reflect its financial position accurately[125]. - The company recognizes revenue when control of goods or services is transferred to customers, following specific criteria for performance obligations[172]. - The company assesses impairment of long-term assets, including goodwill, annually or when there are indications of impairment, comparing carrying amounts to recoverable amounts[163]. - The company recognizes government grants when conditions are met and amounts are receivable, measuring monetary grants at the received or receivable amount[175]. - Deferred tax assets and liabilities are recognized based on temporary differences between the carrying amounts of assets and liabilities and their tax bases, using the balance sheet liability method[176].