JSNE(SH:603693)2019-04-09 16:00Financial Performance - The company's operating revenue for 2018 was CNY 1,472,814,118.29, representing a year-on-year increase of 3.89% compared to CNY 1,417,696,580.48 in 2017[29]. - The net profit attributable to shareholders for 2018 was CNY 314,641,509.62, a slight increase of 0.92% from CNY 311,770,655.32 in 2017[29]. - The net cash flow from operating activities for 2018 was CNY 857,668,331.67, which is an increase of 16.47% compared to CNY 736,373,401.71 in 2017[29]. - The total profit for the year reached CNY 388.85 million, reflecting a year-on-year growth of 6.42%[60]. - The company's gross profit margin improved to 41.24%, an increase of 0.66 percentage points year-on-year[64]. - The basic earnings per share for 2018 were CNY 0.56, down 9.68% from CNY 0.62 in 2017[33]. - The weighted average return on equity for 2018 was 8.04%, a decrease of 1.81 percentage points from 9.85% in 2017[33]. - The company reported non-operating income of CNY 2,357,877.05 in 2018, compared to CNY 515,182.01 in 2017[35]. Assets and Liabilities - As of the end of 2018, the total assets amounted to CNY 8,198,025,594.33, reflecting an 18.96% increase from CNY 6,891,348,880.62 at the end of 2017[29]. - The asset-liability ratio stood at 40.00%, a decrease of 6.61 percentage points compared to the beginning of the year[64]. - The company's long-term borrowings decreased by 2.33% to 2,177,772,713.85 RMB[90]. - The total amount of guarantees provided by the company, excluding those to subsidiaries, was 124.27 million RMB, which represents 2.79% of the company's net assets[177]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 2.00 per 10 shares, totaling RMB 123.6 million based on a total share capital of 618 million shares as of December 31, 2018[6]. - The company distributed a total cash dividend of 247,200,000.00 RMB (including tax) in 2018, accounting for 78.57% of the net profit attributable to the parent company's shareholders[146]. - In 2018, the company paid a cash dividend of 2 RMB per 10 shares, with a total of 123,600,000 RMB distributed for the year[144]. - The company has maintained its cash dividend policy without any adjustments or changes during the reporting period[143]. Renewable Energy Focus - The company emphasizes the importance of renewable energy sources, including wind, solar, and biomass energy, in its operational strategy[19]. - The company is actively involved in the renewable energy sector, focusing on wind and solar power generation, with significant investments in various projects[120]. - The company is committed to optimizing energy structure and improving ecological environment through its renewable energy initiatives[120]. - The company plans to expand its project development into inland and coastal areas, focusing on wind and solar markets[61]. Technological and Competitive Advantages - The company has applied for 30 patents in the biomass energy sector, demonstrating a strong technological advantage[55]. - The company’s wind power projects have consistently ranked first in Jiangsu Province for five consecutive years, showcasing its competitive edge in project management[55]. - The company benefits from strong resource advantages due to its partnerships with major state-owned enterprises in Jiangsu, enhancing its project development capabilities[54]. - The company has a professional team experienced in project development and government approval processes, enabling quick responses to changes in industry policies[140]. Environmental Commitment - The company’s renewable energy projects contributed to reducing harmful gas emissions compared to coal-fired power generation, promoting environmental sustainability[187]. - The company has successfully obtained pollution discharge permits for all biomass power generation subsidiaries, ensuring compliance with national and local environmental standards[193]. - No environmental pollution incidents occurred during the reporting period, demonstrating the company's commitment to environmental protection[198]. - The company has implemented online monitoring of pollutant emissions in accordance with national and local regulations, ensuring transparency and compliance[195]. Future Plans and Risks - The company’s future plans and development strategies are subject to investment risks and do not constitute a commitment to investors[7]. - The company recognizes the potential risks from concentrated customer bases and will explore opportunities in external and international markets[132]. - The company will enhance its project profitability and risk resistance capabilities while monitoring changes in renewable energy policies[137]. - The company is prepared for the transition to competitive pricing for wind and solar projects, moving away from benchmark pricing[138].