DTPC(SH:600719)2021-08-06 16:00Financial Performance - The company's operating revenue for the first half of 2021 was approximately RMB 424.89 million, a decrease of 0.69% compared to RMB 427.86 million in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2021 was approximately RMB 8.52 million, down 25.85% from RMB 11.49 million in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately RMB 7.03 million, a decrease of 40.25% compared to RMB 11.76 million in the same period last year[19]. - The weighted average return on net assets decreased to 1.14%, down 0.41 percentage points from 1.55% in the previous year[18]. - The net cash flow from operating activities was negative RMB 159.67 million, compared to negative RMB 80.47 million in the same period last year, representing a decline of 98.41%[19]. - The company achieved a total electricity sales volume of 144.65 million kWh, a decrease of 5.688 million kWh year-on-year, primarily due to adjustments in the operation of the Donghai Power Plant[30]. - The company completed steam sales of 249,900 tons, a year-on-year decrease of 2,850 tons, attributed to a decline in external demand[30]. - The company's main revenue reached 421.68 million yuan, a year-on-year decrease of 5.73 million yuan, with a total profit of 11.46 million yuan, down 4.39 million yuan year-on-year[30]. - Operating revenue for the current period is RMB 424.89 million, a decrease of 0.69% compared to RMB 427.86 million in the same period last year[38]. - Operating costs decreased by 0.83% to RMB 312.59 million from RMB 315.22 million year-on-year[38]. - The company reported a net profit of CNY 63,018,455.54 for the first half of 2021, compared to CNY 54,693,561.19 in the same period of 2020[86]. - The total comprehensive income for the first half of 2021 was CNY 8,521,199.83, down from CNY 11,491,093.02 in the first half of 2020[90]. Assets and Liabilities - The total assets at the end of the reporting period were approximately RMB 2.70 billion, a slight decrease of 0.20% from RMB 2.71 billion at the end of the previous year[19]. - Total assets as of June 30, 2021, amounted to RMB 2,704,973,742.83, a slight decrease from RMB 2,710,386,230.51 at the end of 2020[80]. - Current assets totaled RMB 958,848,981.86, down from RMB 971,341,332.76 at the end of 2020[80]. - The company's inventory rose to RMB 232,336,867.85, up from RMB 117,475,627.70[80]. - The total liabilities as of June 30, 2021, were RMB 1,915,064,908.87, compared to RMB 1,078,687,575.04 at the end of 2020[81]. - Total liabilities as of June 30, 2021, were CNY 1,877,887,052.52, compared to CNY 1,865,557,600.64 at the end of 2020[86]. - The company's equity attributable to shareholders was CNY 744,115,552.68 as of June 30, 2021, up from CNY 735,790,658.33 at the end of 2020[86]. Operational Efficiency - The company is actively enhancing its cogeneration capacity and aims to improve the centralized heating ratio to meet future urban heating demands[23]. - The company has implemented a daily scheduling mechanism to optimize production management and improve operational efficiency[32]. - The company is facing high coal prices, with the market price for 5,000 kcal coal reaching approximately 950 yuan/ton, which is expected to impact future operations[35]. Environmental Compliance - The company reported a total pollutant emission limit for 2021 of 156.6 tons for particulate matter, 1,043.8 tons for SO₂, and 521.9 tons for NOx, with actual emissions in the first half of 2021 being 5.56 tons for particulate matter, 17.34 tons for SO₂, and 30.83 tons for NOx[54]. - The North Sea Thermal Power Plant has implemented ultra-low emission modifications, achieving compliance with ultra-low emission standards during the summer shutdown, resulting in a year-on-year reduction in pollutant emissions[60]. - The company is classified as a key pollutant discharge unit, with both the North Sea and East Sea Thermal Power Plants under strict monitoring for air pollutants[53]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[59]. Corporate Governance - The company did not have any profit distribution plan or capital reserve transfer plan approved by the board during the reporting period[4]. - The board of directors and management underwent significant changes, with new appointments made during the annual general meeting[49]. - The company has not disclosed any employee stock ownership plans or other incentive measures during the reporting period[52]. - The company has not reported any changes in the audit opinion from the previous annual report[65]. - The company has not engaged in any asset or equity acquisitions or sales during the reporting period[69]. Employee and Community Engagement - The company is committed to enhancing employee skills through targeted training programs to support innovation and operational excellence[34]. - The company has collaborated with local government on poverty alleviation and rural revitalization efforts, aligning with the directives from the Dalian municipal government[61]. - The company paid CNY 58,779,086.74 in employee compensation, an increase from CNY 51,358,453.35 in the previous year[96]. Financial Reporting and Accounting Policies - The financial statements comply with the enterprise accounting standards, reflecting the company's financial position and operating results accurately[123]. - The company recognizes the share of profits and losses from joint operations according to relevant accounting standards[133]. - The company assesses expected credit losses for financial assets measured at amortized cost and recognizes loss provisions based on the entire lifetime expected credit losses[149]. - The company recognizes provisions for contingent liabilities when there is a present obligation, likely outflow of economic benefits, and the amount can be reliably measured[200].