Shenergy(SH:600642)2020-08-28 16:00Financial Performance - The company's operating revenue for the first half of 2020 was ¥9,176,318,638.55, a decrease of 53.14% compared to ¥19,581,530,842.14 in the same period last year[9]. - The net profit attributable to shareholders for the first half of 2020 was ¥1,155,884,322.03, down 10.83% from ¥1,296,307,772.59 in the previous year[9]. - The net cash flow from operating activities was ¥2,964,690,212.08, a decrease of 1.75% compared to ¥3,017,397,935.39 in the same period last year[10]. - The basic earnings per share for the first half of 2020 were ¥0.235, a decrease of 17.37% compared to ¥0.285 in the same period last year[11]. - The weighted average return on net assets was 3.83%, down 1.02 percentage points from 4.85% in the previous year[11]. - The company's operating revenue for the first half of 2020 was approximately ¥9.18 billion, a decrease of 53.14% compared to ¥19.58 billion in the same period last year[29]. - The operating cost for the same period was approximately ¥7.49 billion, down 58.77% from ¥18.17 billion year-on-year[29]. - The company's operating profit for the first half of 2020 was approximately ¥1.52 billion, a decrease of 10.5% compared to ¥1.70 billion in the same period of 2019[97]. - The total comprehensive income for the first half of 2020 was approximately ¥1.37 billion, a decrease of 10.9% from ¥1.54 billion in the first half of 2019[98]. - The company reported a net profit of RMB 1.15 billion for the first half of 2020, reflecting a robust performance despite market challenges[107]. Assets and Liabilities - The total assets at the end of the reporting period were ¥69,664,071,543.98, an increase of 2.53% from ¥67,944,070,511.90 at the end of the previous year[10]. - The total liabilities reached ¥32,155,833,141.12, compared to ¥30,079,516,790.21 at the end of 2019, reflecting an increase of approximately 6.9%[92]. - The company's total non-current assets amounted to ¥53,680,408,696.06, up from ¥51,684,280,162.69, indicating an increase of about 3.9%[91]. - The company's total assets reached RMB 33,020,106,154.25, up 2.2% from RMB 32,294,398,660.49 at the end of 2019[95]. - The company's total liabilities at the end of the first half of 2020 were approximately CNY 10.05 billion[110]. Investments and Projects - The company has invested in various power generation projects, including coal, gas, nuclear, wind, and solar energy, with a significant focus on clean energy development[14]. - The company is actively expanding its market presence beyond Shanghai, with projects in regions such as Anhui, Ningxia, Qinghai, Xinjiang, and Inner Mongolia, in line with the "Belt and Road" initiative[14]. - The company achieved a new installed capacity of 592,000 kW in renewable energy, totaling 1,692,000 kW, which is a 54% increase compared to the end of last year[26]. - The company signed international trade contracts for a total of 200,000 tons of biomass pellets, marking the commencement of overseas projects[26]. - The company is developing the "Pingshan Phase II" project, which is expected to achieve international leading performance indicators upon completion[19]. Financial Management - The company has committed to ensuring the safety of funds and compliance with financial regulations in its financing activities[43]. - The company does not plan to distribute profits or increase capital reserves in the current half-year period[41]. - The company has no significant non-equity investments during the reporting period[35]. - The company reported an investment income of 110,077,547.73 from Sheneng New Energy (Qinghai) Co., Ltd., representing a 100% ownership stake[35]. - The company’s cash flow from operating activities was approximately ¥2.96 billion, a slight decrease of 1.75% compared to the previous year[29]. Environmental and Social Responsibility - The company has achieved ultra-low emissions for pollutants, with average emission concentrations for dust, sulfur dioxide, and nitrogen oxides better than national standards[71]. - The company has established an environmental self-monitoring plan and uses automatic monitoring systems to ensure accurate and effective data transmission[75]. - The company plans to invest 429,100 RMB in poverty alleviation efforts in Longyang Village, Yunnan Province, focusing on supporting the pig farming industry and cultivating collective economy[68]. - The company has completed the hardening of three village roads and the renovation of pigsties for registered impoverished households[68]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 128,333[81]. - The largest shareholder, Sheneng (Group) Co., Ltd., held 2,626,545,766 shares, representing 53.47% of the total shares[82]. - The total number of restricted shares at the end of the reporting period was 360,000,000, all held by Sheneng (Group) Co., Ltd.[80]. - The top ten unrestricted shareholders collectively held 2,266,545,766 shares[83]. - The company reported no changes in the shareholdings of directors and senior management during the reporting period[86]. Accounting Policies and Compliance - The financial statements are prepared based on the going concern assumption, indicating the company expects to continue operations indefinitely[121]. - The accounting policies comply with enterprise accounting standards, ensuring a true and complete reflection of the company's financial status[121]. - The company has established a unified accounting policy and period for its consolidated financial statements, ensuring consistency across subsidiaries[126]. - The company recognizes its share of assets and liabilities in joint ventures according to relevant accounting standards[128]. - The company has made changes to important accounting policies and estimates, which may impact the financial statements and require ongoing review[190].