TEC(SH:600780)2021-08-26 16:00Financial Performance - The company's operating revenue for the first half of 2021 reached ¥3,911,626,594.36, an increase of 18.23% compared to ¥3,308,430,137.29 in the same period last year[21] - The net profit attributable to shareholders of the listed company was ¥108,053,483.83, reflecting a growth of 4.39% from ¥103,506,401.59 in the previous year[21] - The net profit after deducting non-recurring gains and losses was ¥102,937,520.96, which is a slight increase of 1.13% compared to ¥101,782,601.72 in the same period last year[21] - The net cash flow from operating activities was ¥491,076,836.42, showing a marginal increase of 0.44% from ¥488,912,650.59 in the previous year[21] - Basic earnings per share for the first half of 2021 were ¥0.0942, up 4.32% from ¥0.0903 in the same period last year[22] - The company reported a significant increase in employee compensation liabilities to ¥186,490,177.93 from ¥161,396,002.08, a rise of about 15.54%[102] - The company reported a total comprehensive income of 103,506,401.59 RMB for the current period, contributing positively to the equity[136] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥8,459,053,209.77, representing a 2.24% increase from ¥8,273,607,247.33 at the end of the previous year[21] - The total current assets as of June 30, 2021, amounted to CNY 2,342,242,349.59, an increase from CNY 2,081,588,266.63 at the end of 2020, reflecting a growth of approximately 12.6%[97] - The total liabilities reached ¥2,835,878,359.41, up from ¥2,654,899,396.71, which is an increase of about 6.83%[102] - The total non-current liabilities amounted to ¥992,067,284.17, an increase from ¥898,137,937.71, representing a growth of approximately 10.47%[102] - The total equity of the company decreased to ¥3,021,937,899.32 from ¥3,063,824,229.49, a decline of 1.4%[109] Revenue and Costs - Operating revenue increased by 18.23% to CNY 3,911,626,594.36 compared to CNY 3,308,430,137.29 in the previous year[39] - Operating costs rose by 22.23% to CNY 3,562,514,175.46 from CNY 2,914,698,492.27 year-on-year[39] - Total operating costs amounted to ¥3,799,343,572.00, up from ¥3,180,272,005.07, reflecting a growth of 19.5%[109] Environmental and Safety Measures - The company is committed to safety and environmental protection, implementing strict safety protocols and conducting regular inspections to mitigate risks[34] - The company has invested in environmental protection measures, maintaining emissions below regulatory limits, with average emissions for the first half of 2021 being 1.74 mg/m³ for dust and 11.66 mg/m³ for sulfur dioxide[59] - The company has implemented a comprehensive environmental management system to enhance its environmental governance capabilities[37] - The company has committed to strict adherence to environmental protection laws and regulations, with no significant environmental incidents reported during the reporting period[66] Market and Industry Context - The national electricity consumption reached 3.93 trillion kWh, a year-on-year increase of 16.2%, with an average growth rate of 7.6% over two years[28] - The installed power generation capacity in the country was 2.26 billion kW, a year-on-year increase of 9.5%, with coal power capacity accounting for 48.2% of the total[28] - The company expects a year-on-year growth of approximately 6% in total electricity consumption for the second half of 2021, with an annual growth forecast of 10%-11%[31] - The company is facing ongoing risks in the electricity industry due to rising fuel costs and intensified market competition[50] Corporate Governance and Management - The company has appointed Xuan Hongbin as the new chairman following the resignation of the previous chairman Li Guobiao[55] - The company is actively tracking capital market trends and aims to leverage its platform for capital operations in related industries[38] - The company continues to enhance its management capabilities and optimize risk control systems to ensure stable operations[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 49,178[84] - The largest shareholder, Shanxi International Power Group Co., Ltd., held 657,313,245 shares, representing 57.33% of the total shares[86] - The second-largest shareholder, Taiyuan Iron and Steel (Group) Co., Ltd., held 35,861,574 shares, accounting for 3.13%[86] Financial Reporting and Compliance - The financial statements were approved by the board of directors on August 25, 2021[148] - The financial statements comply with the requirements of the enterprise accounting standards, reflecting the company's financial position and operating results accurately[153] - The company follows specific accounting treatments for mergers and acquisitions, distinguishing between mergers under common control and those not under common control[159][160]