Shenergy(SH:600642)2022-08-26 16:00Financial Performance - The company's operating revenue for the first half of 2022 was approximately CNY 12.77 billion, an increase of 10.08% compared to CNY 11.60 billion in the same period last year[14]. - The net profit attributable to shareholders of the listed company was approximately CNY 813.15 million, a decrease of 46.94% from CNY 1.53 billion in the previous year[14]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately CNY 947.72 million, down 34.89% from CNY 1.46 billion in the same period last year[14]. - Basic earnings per share for the first half of 2022 were CNY 0.165, a decrease of 47.01% compared to CNY 0.312 in the same period last year[15]. - The weighted average return on net assets was 2.62%, down 2.26 percentage points from 4.88% in the previous year[15]. - The company reported a total profit of CNY 1,001,416,096.37 for the first half of 2022, down 49.5% from CNY 1,979,995,008.66 in the previous year[101]. - The total comprehensive income for the first half of 2022 was CNY 925,682,109.41, compared to CNY 1,780,088,434.99 in the previous year, indicating a decline of 48.0%[102]. Cash Flow and Investments - The cash flow from operating activities was approximately CNY 2.99 billion, an increase of 28.76% compared to CNY 2.32 billion in the previous year[14]. - The company reported a net cash flow from operating activities of approximately 2.987 billion, a 28.76% increase year-over-year[31]. - The company reported a net cash outflow from investing activities of CNY -955,532,015.32, a significant improvement from CNY -2,837,407,453.95 in the first half of 2021[107]. - The company achieved a net cash inflow from financing activities of CNY -27,550,125.32, contrasting with a positive inflow of CNY 1,690,541,808.13 in the previous year[107]. - The total cash and cash equivalents at the end of the period reached CNY 11,324,733,925.52, up from CNY 9,940,417,560.45 at the end of the first half of 2021[107]. Assets and Liabilities - The total assets at the end of the reporting period were approximately CNY 88.55 billion, a decrease of 1.09% from CNY 89.53 billion at the end of the previous year[14]. - The total current assets at the end of the reporting period amounted to ¥22.40 billion, a decrease from ¥23.75 billion at the previous year-end[92]. - The total liabilities decreased to CNY 10,410,440,827.32 from CNY 10,842,176,782.01, indicating a reduction of 4.0%[98]. - The total non-current liabilities increased to ¥28.27 billion from ¥27.33 billion at the previous year-end[93]. - The debt-to-asset ratio decreased to 56.70%, down by 0.66% from the previous year-end[91]. Operational Highlights - The company achieved a clean energy installed capacity of 3.75 million kW, accounting for 24% of its total controllable installed capacity as of the first half of 2022[18]. - The company’s electricity generation and main revenue indicators achieved over 50% of their annual targets in the first half of the year, despite a nearly 40% increase in coal prices[24]. - The company is actively expanding its new energy projects nationwide, responding to national carbon neutrality policies[18]. - The company has invested in large-scale, high-parameter, low-energy consumption power generation units, with significant market competitiveness[21]. Environmental Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities, indicating its commitment to environmental responsibility[43]. - The company achieved an average emission concentration of pollutants significantly below national standards, ensuring compliance with environmental regulations[46]. - Total sulfur dioxide emissions were recorded at 247.56 tons, with a concentration of 18.91 mg/m³, well within the permissible limit of 35 mg/m³[45]. - The company has implemented advanced technologies to reduce coal consumption and emissions, aligning with national carbon neutrality goals[53]. Corporate Governance and Management - The company appointed Chen Tao as the new Vice President and elected Hu Shichao as the new Chairman of the Board[40]. - The company has strengthened its management and talent development, forming a skilled workforce aligned with its strategic goals[23]. - The company has maintained a good integrity status, with no significant legal violations or outstanding debts reported during the period[59]. Shareholder Information - The total number of shares after the recent changes is 4,912,038,316, with a decrease of 360,000,000 restricted shares[75]. - The largest shareholder, Sheneng Group Co., Ltd., holds 2,626,545,766 unrestricted circulating shares, accounting for 53.47% of the total shares[81]. - The total number of common shareholders at the end of the reporting period is 115,608[80]. - The company has not reported any overdue bonds or risks associated with the termination of bond trading[86]. Research and Development - Research and development expenses increased by 81.84% to approximately 1.479 million, reflecting a focus on innovation[31]. - The company is focusing on technological innovation and has established a robust R&D system to enhance production efficiency and reduce emissions[22]. Related Party Transactions - The total amount of related party transactions with Shanghai Gas Co., Ltd. during the reporting period was RMB 696 million[61]. - The related party transaction amount for gas purchases by various gas power plants from Shanghai Gas Co., Ltd. was RMB 747 million during the reporting period[64]. Financial Reporting and Compliance - The financial report was approved by the board of directors on August 25, 2022[122]. - The company adheres to the enterprise accounting standards, ensuring the financial statements reflect a true and complete picture of its financial status[125]. - The company has a continuous operation basis, indicating no foreseeable liquidation or dissolution[124].