DTPC(SH:600719)2021-03-19 16:00Financial Performance - In 2020, the company achieved a net profit attributable to shareholders of RMB 9,658,368.69, a decrease of 14.31% compared to RMB 11,271,241.00 in 2019[5]. - The total operating revenue for 2020 was RMB 674,242,612.30, down 12.08% from RMB 766,922,471.87 in 2019[19]. - The basic earnings per share for 2020 was RMB 0.024, a decrease of 14.29% from RMB 0.028 in 2019[20]. - The net profit after deducting non-recurring gains and losses was RMB 10,052,333.76, a decrease of 53.36% from RMB 21,555,162.18 in 2019[19]. - The company reported a total non-operating income and expenses of -393,965.07 in 2020, a significant improvement from -10,283,921.18 in 2019[25]. - The company reported a revenue of 674.24 million RMB, a decrease of 12.08% year-on-year, and a net profit of 9.66 million RMB, down 14.31% from the previous year[43]. - The company reported a total related party transaction amount of RMB 5,275,842.86, with the largest transaction being the purchase of materials from Dalian Thermal Power Group amounting to RMB 1,799,383.52, accounting for 2.02% of similar transactions[83]. Assets and Liabilities - The company's total assets increased by 19.88% to RMB 2,710,386,230.51 at the end of 2020, compared to RMB 2,260,883,519.50 at the end of 2019[19]. - The company’s net assets attributable to shareholders increased slightly by 0.82% to RMB 743,614,625.00 at the end of 2020[19]. - Total current assets increased to ¥971,341,332.76 in 2020 from ¥663,551,671.25 in 2019, representing a growth of approximately 46.3%[147]. - Total liabilities increased to ¥1,966,771,605.51 in 2020 from ¥1,523,285,866.79 in 2019, representing a growth of about 29.2%[149]. - Long-term borrowings increased significantly to ¥868,600,000.00 in 2020 from ¥229,300,000.00 in 2019, reflecting a growth of about 278.5%[149]. Cash Flow - The net cash flow from operating activities was RMB 154,712,035.61, down 28.47% from RMB 216,300,426.72 in 2019[19]. - The company’s investment activities generated a net cash outflow of 220.04 million RMB, a decrease of 23.77% compared to the previous year[52]. - The financing activities resulted in a net cash inflow of 411.67 million RMB, an increase of 129.71% due to additional bank loans for project expansion[52]. - The cash and cash equivalents increased to ¥522,077,956.20, representing 19.26% of total assets, up from 9.22% in the previous period, a growth of 150.32%[54]. Operational Performance - The company completed electricity generation of 394.84 million kWh, a decrease of 21.8% year-on-year, achieving 99.3% of the annual plan[40]. - Steam sales volume reached 373,000 tons, down 45.6% year-on-year, completing 62.2% of the annual plan, primarily due to the impact of the pandemic[40]. - High-temperature water sales volume increased to 40.68 million GJ, up 4.9% year-on-year, completing 106.5% of the plan, driven by the growth in high-temperature water users[40]. - The company achieved a heating charge rate of 98.25% and a comprehensive charge rate of 99.22% in 2020, indicating a high level of revenue collection[38]. Market and Strategic Initiatives - The company actively expanded the heating market, adding 1.95 million square meters of heating market and 1.65 million square meters of new heating load[38]. - The company is positioned to benefit from the urban heating market's growth, with plans to consolidate scattered heating loads into its network, enhancing market dominance[64]. - The company aims to leverage new technologies and renewable energy applications to maximize capacity and ensure safe and economical operations[64]. - The company plans to focus on expanding its market presence and enhancing product offerings in the upcoming fiscal year[170]. Risk Management - The company faced significant industry and policy risks, which were detailed in the annual report[6]. - The company anticipates market fluctuations affecting its heating revenue due to the cyclical nature of the real estate market and increasing supply interruptions[69]. - The company will focus on enhancing safety management and equipment maintenance to mitigate operational risks[70]. Corporate Governance and Compliance - The company has integrated party leadership into its corporate governance structure, enhancing the depth of integration between party work and business operations[90]. - The company has maintained compliance with regulatory requirements regarding related party transactions[81]. - The company has not faced any risks of suspension or termination of its listing status[79]. - The company has not reported any major asset acquisitions or disposals during the reporting period[84]. Employee and Management - The total number of employees in the parent company and major subsidiaries is 766, with 739 in the parent company and 27 in subsidiaries[118]. - The company has implemented a performance-based salary system linked to corporate efficiency, with a focus on fair and objective evaluations[119]. - The company has a total of 8 senior management personnel listed, with various roles in the organization[115]. - The current chairman and general manager, Shao Yang, has held his position since May 2016[114]. Environmental and Social Responsibility - The company achieved actual emissions of 9.25 tons of smoke, 23.24 tons of sulfur dioxide, and 60.69 tons of nitrogen oxides in 2020, well below the allowed limits[93]. - The company has maintained a stable operation of environmental protection facilities, ensuring compliance with ultra-low emission standards[95]. - The company has been involved in poverty alleviation efforts in collaboration with its controlling shareholder, focusing on specific projects in Guizhou Province and Dalian City[89].