NMHD(SH:600863)2020-04-28 16:00Financial Performance - The company's operating revenue for 2019 was CNY 14,477,160,212.77, representing a 5.34% increase from CNY 13,743,061,153.71 in 2018[18]. - The net profit attributable to shareholders for 2019 was CNY 1,104,058,503.79, a significant increase of 41.07% compared to CNY 782,659,036.84 in 2018[18]. - The net cash flow from operating activities for 2019 was CNY 3,882,115,489.01, which is an 18.22% increase from CNY 3,283,895,926.13 in 2018[18]. - The basic earnings per share for 2019 was CNY 0.17, up 30.77% from CNY 0.13 in 2018[19]. - The total assets at the end of 2019 were CNY 44,609,324,444.10, reflecting a 3.83% increase from CNY 42,964,713,326.63 at the end of 2018[18]. - The weighted average return on equity for 2019 was 8.81%, an increase of 1.46 percentage points from 7.35% in 2018[19]. - The company reported a quarterly revenue of CNY 4,004,705,550.68 in Q4 2019, marking a steady growth trend throughout the year[23]. - The net profit attributable to shareholders in Q2 2019 was CNY 562,997,417.82, which was the highest quarterly profit for the year[23]. - The company's net assets attributable to shareholders at the end of 2019 were CNY 13,992,398,100.63, a 6.74% increase from CNY 13,108,784,762.20 at the end of 2018[18]. - The company achieved total operating revenue of 14.477 billion RMB in 2019, an increase of 734 million RMB, or 5.34% year-on-year[40]. Dividend Distribution - The company plans to distribute a cash dividend of 1.26 CNY per 10 shares (including tax) for the 2019 annual profit distribution[3]. - The company distributed cash dividends of 0.3 RMB per 10 shares for the 2017 fiscal year and 0.96 RMB per 10 shares for the 2018 fiscal year[167]. Risk Management - The company reported no significant risks affecting its production and operations during the reporting period[5]. - The company will focus on addressing risks related to the electricity market, environmental protection, coal procurement, and interest rate changes in 2020[5]. - The company will continue to monitor and respond to market trends and risks in the upcoming year[5]. - The company anticipates challenges in coal market dynamics, with a focus on securing long-term coal supply prices to mitigate risks[90]. - The company will closely monitor interest rate fluctuations and explore new financing methods to control financing costs effectively[91]. Environmental Compliance - The company has implemented a shared discharge system for multiple units, optimizing emission management across facilities[143]. - The company achieved a 100% operational rate for dust removal facilities, with a dust removal efficiency of 99.9%[145]. - The desulfurization facilities also had a 100% operational rate, achieving a desulfurization efficiency of 98.8%[145]. - The denitrification facilities operated at a 99.8% rate, with a denitrification efficiency of 84%[145]. - The company maintains a comprehensive monitoring system to ensure compliance with environmental standards across all facilities[143]. - The total nitrogen oxides emissions from the Inner Mongolia Mengda Power Plant were 579.79 tons with a concentration of 31.36 mg/Nm³, which is compliant with the 50 mg/Nm³ standard[143]. - The Inner Mongolia Fengtai Power Plant reported sulfur dioxide emissions of 189.38 tons at a concentration of 20.18 mg/Nm³, below the 35 mg/Nm³ limit[143]. - The company reported a total of 55.94 tons of particulate matter emissions with a concentration of 4.14 mg/Nm³, remaining below the standard of 10 mg/Nm³[142]. - Wastewater discharge was zero, indicating effective zero discharge management practices across the facilities[142]. Market Position and Strategy - The company holds approximately 10% market share in the Inner Mongolia power market and about 7% in the Beijing-Tianjin-Tangshan power market[31]. - The company plans to accelerate the development of renewable energy and improve the synergy between coal and electricity industries[31]. - The company aims to enhance service quality and explore new markets in response to the evolving electricity market demands[28]. - The company is focusing on enhancing its competitiveness in an increasingly open market environment, driven by the "Belt and Road" initiative and national policies promoting clean energy[84]. - The company will actively participate in various market transactions to enhance competitiveness and expand its market share in the electricity sector[89]. Corporate Governance - The company has pledged to maintain the independence of the listed company in terms of business, assets, finance, and personnel, ensuring no interference from controlling shareholders[100]. - The company will strictly adhere to legal procedures and disclosure obligations regarding related party transactions, ensuring fairness and transparency[101]. - The company has established a commitment to protect the interests of minority shareholders during the issuance of convertible bonds[100]. - The company has committed to reducing related party transactions and ensuring fair pricing in unavoidable transactions[99]. - The company guarantees that the financial department of the listed company operates independently, with separate bank accounts and financial decision-making[101]. Shareholder Information - The company has a total of 190,046 ordinary shareholders as of the end of the reporting period[170]. - The top ten shareholders hold a total of 3,305,473,803 shares, representing 56.91% of the company[172]. - The controlling shareholder plans to increase their holdings by no less than 200 million yuan within six months starting from February 14, 2019[107]. - The controlling shareholder has completed the share increase plan, acquiring 107,685,514 shares, which represents 1.85% of the total shares, for a total transaction amount of 310.79 million yuan[108]. Financial Instruments and Debt Management - The company issued 18.75 billion RMB of convertible bonds with a face value of 100 RMB each, totaling 18.75 million bonds[166]. - The company plans to manage its debt structure and liquidity to ensure timely interest payments and principal repayment for the convertible bonds[157]. - The convertible bonds have a conversion period from June 28, 2018, to December 21, 2023[158]. - The company reported a total of 271.03 billion RMB in liabilities, reflecting a reasonable debt structure[156]. - The company’s debt-to-asset ratio decreased from 61.71% in 2018 to 60.76% in 2019, indicating improved financial stability[169]. Employee and Management Information - The total number of employees in the parent company was 874, while the total number of employees in major subsidiaries was 5,960, resulting in a combined total of 6,834 employees[192]. - The average number of employees for the reporting period was 6,898[192]. - The total amount paid for outsourced labor was 95,794,131.65 yuan[194]. - The company has established a scientific and effective incentive mechanism linking remuneration to operational performance and individual performance[192]. - The overall compensation for the management team reflects the company's commitment to retaining top talent in the industry[182].