深圳能源(000027) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 13,262,877,505.40, representing a 50.88% increase compared to CNY 8,790,240,880.21 in the same period last year[18]. - The net profit attributable to shareholders of the listed company decreased by 41.47% to CNY 1,663,013,754.70 from CNY 2,841,063,213.82 year-on-year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 104.36% to CNY 1,729,764,119.43 from CNY 846,438,450.26 in the previous year[18]. - The net cash flow from operating activities was CNY 2,716,879,970.51, an increase of 12.63% compared to CNY 2,412,311,344.23 in the same period last year[18]. - The total assets at the end of the reporting period were CNY 121,814,858,853.90, a 6.80% increase from CNY 114,062,264,205.09 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company increased by 18.83% to CNY 45,111,994,899.23 from CNY 37,963,028,589.78 at the end of the previous year[18]. - The basic earnings per share decreased by 41.46% to CNY 0.3496 from CNY 0.5972 in the same period last year[18]. - The weighted average return on net assets decreased by 5.25 percentage points to 6.01% from 11.26% in the previous year[18]. Revenue and Cost Analysis - Operating costs rose by 56.11% to ¥9.62 billion from ¥6.16 billion, driven by higher coal and natural gas prices alongside increased sales volume[45]. - The ecological and environmental protection segment saw a remarkable 124.13% increase in revenue, reaching ¥2.11 billion, up from ¥943 million[48]. - The comprehensive gas segment also experienced significant growth, with revenue increasing by 120.03% to ¥1.68 billion from ¥764 million[48]. - The average selling price of electricity was 0.41 yuan/kWh, showing a slight increase compared to the previous year[33]. Operational Capacity and Development - The company’s controllable installed power generation capacity reached 13.8394 million kW, with clean energy accounting for over 66% of the total capacity[29]. - The company processed a total of 5.0027 million tons of waste during the reporting period, with a daily processing capacity of 26,800 tons[30]. - The total installed capacity reached 1,383.94 million kW, with a year-to-date increase of 109.81 million kW, and 284.80 million kW under construction[31]. - The company’s wind power installed capacity reached 288.42 million kW, accounting for 20.84% of the total installed capacity, with several new projects approved and under construction[35]. - The photovoltaic installed capacity was 114.72 million kW, representing 8.29% of the total, with new projects in Henan and Guangdong underway[36]. Environmental and Regulatory Compliance - The company has established a leading position in environmental protection technologies, achieving emissions standards that exceed both national and EU benchmarks[39]. - The company is committed to enhancing environmental protection measures in response to increasingly stringent external regulations[77]. - The company reported a reduction in sulfur dioxide emissions to 19.26 mg/Nm3, achieving compliance with the GB_13223-2011 standard[85]. - Nitrogen oxide emissions were recorded at 42.34 mg/Nm3, which is below the regulatory limit set by GB_13223-2011[85]. - The company achieved a dust emission level of 4.69 mg/Nm3, meeting the ultra-low emission standards[85]. Strategic Initiatives and Future Outlook - The company aims to increase the share of non-fossil energy to around 25% by 2030, with a target of over 1.2 billion kW for wind and solar power combined[37]. - The company plans to actively pursue market-oriented projects and acquisitions in the renewable energy sector to enhance its competitive edge and cost efficiency[37]. - The company is focused on expanding its renewable energy investments, as indicated by the establishment of new subsidiaries in the energy sector[75]. - Future guidance indicates a projected revenue growth of 10-15% for the full year 2021, supported by increased energy demand[147]. Shareholder and Governance Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The controlling shareholder, Shenzhen State-owned Assets Supervision and Administration Commission, has no outstanding court judgments or significant debts due[109]. - The company has no significant related party transactions during the reporting period, including asset acquisitions or joint investments[112][113]. - The total number of ordinary shareholders at the end of the reporting period was 221,033[154]. Risk Management and Challenges - The company has identified risks related to the COVID-19 pandemic, electricity market fluctuations, fuel cost volatility, and environmental policies[5]. - The company anticipates intensified market competition due to the acceleration of electricity market reforms and the integration of renewable energy[76]. - The company will optimize fuel procurement strategies to reduce comprehensive fuel costs amid rising domestic coal prices and international shipping costs reaching a ten-year high[76].