DHEP(SH:600744)2023-08-30 16:00Financial Performance - In the first half of 2023, the company achieved a total power generation of 10.814 billion kWh, an increase of 30.43% year-on-year[16]. - The company's revenue for the first half of 2023 was 4.885 billion yuan, representing a year-on-year increase of 20.47%[16]. - The total profit for the period was -123 million yuan, a year-on-year improvement of 110 million yuan[16]. - The net loss attributable to shareholders was -154 million yuan, a year-on-year improvement of 111 million yuan[16]. - The weighted average return on equity for the first half of 2023 was -11.83%, an improvement from -66.27% in the same period last year[16]. - The net cash flow from operating activities was 245 million yuan, a significant increase of 1,811.97% compared to the previous year[16]. - The company reported a total comprehensive loss of approximately ¥143.7 million for the first half of 2023, compared to a loss of ¥259.2 million in the same period of 2022[110]. - The total operating revenue for the first half of 2023 reached CNY 4,885,193,180.94, an increase of 20.5% compared to CNY 4,055,266,355.03 in the same period of 2022[108]. Assets and Liabilities - The company's total assets as of June 30, 2023, were 21.195 billion yuan, with a debt-to-asset ratio of 93.43%[16]. - The total assets of the company amounted to 21.195 billion RMB, with total liabilities of 19.803 billion RMB, resulting in an asset-liability ratio of 93.43%[25]. - The company reported a net loss of CNY 6,083,074,036.83, worsening from a loss of CNY 5,928,861,776.64 in the previous period[104]. - The company's total liabilities decreased to CNY 19,802,707,765.47 from CNY 19,965,831,523.61 at the end of 2022, reflecting a reduction of approximately 0.8%[106]. - The company's equity attributable to shareholders decreased to CNY 1,254,587,434.86 from CNY 1,380,255,783.13, a decline of about 9.1%[105]. Cash Flow - The net cash flow from operating activities for the first half of 2023 was ¥245,162,526.38, a significant increase from ¥12,822,502.75 in the same period of 2022, reflecting improved operational efficiency[113]. - The cash outflow from operating activities increased to ¥5,692,133,600.73 from ¥4,723,216,381.58, resulting in a net cash flow decrease[113]. - The total cash inflow from operating activities reached ¥5,937,296,127.11, compared to ¥4,736,038,884.33 in the first half of 2022, indicating a year-over-year growth of approximately 25.4%[113]. - The total cash and cash equivalents at the end of the period were ¥1,291,667,694.14, compared to ¥870,985,543.78 at the end of the first half of 2022, showing an increase of approximately 48.3%[114]. Investments and Expenditures - The company’s investment activities resulted in a net cash outflow of 913 million RMB, mainly due to new investments in renewable energy projects[29]. - The company has ongoing investments in several renewable energy projects, including a 200MW/400MWh energy storage project with a total expected investment of 75.927 million RMB, of which 819.85 million RMB has been completed this year[38]. - The company has no research and development expenses in the current period, a decrease of 14 million RMB year-on-year, due to the disposal of a subsidiary[28]. Environmental Compliance - The company has not reported any environmental pollution incidents or penalties during the reporting period, maintaining compliance with environmental regulations[51]. - The company achieved compliance with the "Emission Standards of Air Pollutants for Thermal Power Plants" (GB13223-2011) for all its power generation subsidiaries during the reporting period[53]. - The company has implemented various environmental protection facilities, including electrostatic precipitators and wet desulfurization systems, across its subsidiaries[52]. - The company has achieved 100% comprehensive utilization of by-products such as fly ash and desulfurization gypsum across all power plants[56]. Community Engagement - The company has set up two rural revitalization assistance points, focusing on education, livelihood, and employment support in local communities[64]. - The company has created over 200 job opportunities for villagers, increasing their income by over CNY 2 million[67]. - The company has conducted consumption assistance in Xinguang Village amounting to over CNY 500,000, primarily purchasing local agricultural products[66]. - The company has published 3 articles in national media and 6 in provincial media to promote its rural revitalization initiatives[68]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 147,806[95]. - China Datang Group holds 608,793,971 shares, accounting for 29.97% of the total shares[97]. - The top ten shareholders hold a total of 1,203,489,872 shares, representing a significant portion of the company's equity[94]. - The company has no pledged, marked, or frozen shares among the top shareholders[97]. Financial Reporting and Accounting Policies - The company’s financial statements are prepared based on the assumption of going concern, indicating no significant factors affecting its operational capability[135]. - The company’s accounting policies comply with the requirements of enterprise accounting standards, ensuring accurate financial reporting[136]. - The company will recognize the difference between the disposal price and the net asset share of the subsidiary in the consolidated financial statements as capital reserve when control is not lost[143].