华银电力(600744) - 2019 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 3.38 billion, a decrease of 21.63% compared to the same period last year[18]. - The net profit attributable to shareholders of the listed company was a loss of CNY 178.44 million, compared to a loss of CNY 18.53 million in the same period last year[18]. - The total profit for the period was a loss of CNY 161 million, a decrease of CNY 152 million compared to the previous year[20]. - The weighted average return on net assets was -6.03% for the first half of 2019, compared to -0.62% in the same period last year[19]. - The company reported a basic earnings per share of -0.100 CNY, compared to -0.01 CNY in the same period last year[19]. - The company reported a net loss of ¥3,928,222,683.88, compared to a loss of ¥3,763,209,855.12 in the previous period, indicating a worsening of approximately 4.4%[138]. - The total comprehensive income for the period was a loss of 178,443,541.85, reflecting a significant downturn[176]. - The comprehensive income for the current period shows a loss of 335,039,521.03 RMB, indicating a significant decline in profitability[184]. Revenue and Costs - Operating revenue for the first half of 2019 was 3.379 billion yuan, down 21.63% from 4.312 billion yuan in the same period last year[38]. - Total operating costs for the first half of 2019 were CNY 3,579,541,420.17, down from CNY 4,458,380,664.89 in the previous year, reflecting a reduction of 19.7%[145]. Assets and Liabilities - The total assets of the company as of June 30, 2019, were CNY 18.07 billion, with a debt-to-asset ratio of 84.93%[20]. - The company's total assets amounted to CNY 15,148,485,167.29, an increase from CNY 14,825,992,539.75 year-over-year[145]. - The company's total liabilities reached ¥15,346,004,573.78, up from ¥14,750,931,622.78, indicating an increase of approximately 4.0%[138]. - The company's total liabilities were not specified in the provided data, indicating a need for further details in future reports[133]. Cash Flow - The net cash flow from operating activities was CNY 387.92 million, down 66.49% from the previous year[18]. - Cash generated from operating activities was approximately ¥3.94 billion, down from ¥5.53 billion in the same period of 2018, indicating a decrease of 28.9%[157]. - The company reported a net cash outflow from investment activities of 2.137 billion yuan, an increase of 1.32 billion yuan compared to the previous year[38]. - Net cash flow from investment activities was -CNY 213,712,313.24, worsening from -CNY 82,003,245.51, indicating a decline of about 160.1%[161]. Inventory and Expenses - The company's inventory increased by 285 million yuan as the company ramped up fuel procurement and storage for the summer peak[30]. - The company’s management expenses increased by 28.07% year-on-year, amounting to 74.59 million yuan, due to salary adjustments in non-power production enterprises[38]. - The company’s financial expenses decreased by 5.51% year-on-year to 264.54 million yuan, attributed to the issuance of low-cost short-term financing[38]. Shareholder Information - The total number of ordinary shareholders reached 83,139 by the end of the reporting period[124]. - The largest shareholder, China Datang Group, holds 608,793,971 shares, representing 34.18% of the total shares[124]. - The total share capital of the company is 711,648,000 shares, with 474,384,523 shares in circulation and 237,263,477 shares under limited circulation[190]. Environmental and Social Responsibility - The company has a 99.9% operational rate for its environmental protection facilities, with no significant pollution incidents reported[101]. - The company is focusing on ecological protection and sustainable development as part of its poverty alleviation strategy, including afforestation projects[84]. - The company has implemented a consumer poverty alleviation program to enhance participation from grassroots enterprises and employees[100]. - The company aims to reduce the poverty incidence in Longzhu Village to below 2% within one year and to ensure the village exits the national poverty list[83]. Governance and Compliance - The company maintains a robust governance structure, ensuring compliance with relevant laws and regulations, which supports its operational efficiency[32]. - The company's board of directors has not reported any non-standard audit opinions for the financial reports[69]. - There were no significant lawsuits or arbitration matters during the reporting period[69].