JEI(SZ:000600)2019-03-15 16:00Financial Performance - The company's operating revenue for 2018 was ¥13,976,286,807.36, representing a year-on-year increase of 32.24% after adjustments [22]. - The net profit attributable to shareholders for 2018 was ¥421,583,812.12, showing a significant increase of 164.25% compared to the previous year [22]. - The cash flow from operating activities for 2018 reached ¥2,565,710,579.30, an increase of 103.94% year-on-year [22]. - Basic and diluted earnings per share for 2018 were both ¥0.241, reflecting a growth of 156.38% compared to the previous year [22]. - The total assets at the end of 2018 amounted to ¥31,852,046,876.87, which is a 2.20% increase from the end of 2017 [22]. - The net assets attributable to shareholders at the end of 2018 were ¥10,954,026,612.90, marking a 2.63% increase from the previous year [22]. - The total operating revenue for 2018 was approximately 13.98 billion RMB, representing a 32.24% increase from 2017 [58]. - The power generation segment accounted for 95.81% of total revenue, with a revenue of approximately 13.39 billion RMB, up 32.62% year-on-year [58]. - The company reported a significant increase in R&D investment, totaling ¥7,162,510.73, which is a 928.65% increase year-on-year [73]. - The gross profit margin for the power generation sector improved by 0.97 percentage points to 15.33% compared to the previous year [60]. Business Operations - The company’s main business has shifted from hotel commerce to energy project investment and management since April 2004 [19]. - The company is primarily engaged in power generation, with a focus on energy projects, and has undergone significant changes in its main business operations since its establishment [19]. - The company has a total of 17 subsidiaries involved in various energy-related operations, including power generation and sales [19]. - The company operates 10 wholly-owned power generation companies and has stakes in 12 others, indicating a strong market presence [32]. - The company has been actively involved in acquisitions, becoming the largest shareholder of Shijiazhuang Guoda Group Co., Ltd. in September 2001 [21]. - The company is positioned as the largest independent power generation company in Hebei province, benefiting from the integration strategy of the Beijing-Tianjin-Hebei region [42]. - The company has expanded its heating supply capacity significantly since the launch of its subsidiary in 2017, enhancing overall service capabilities [64]. Environmental Management - The company implemented comprehensive environmental management, achieving nitrogen oxide emissions of 34.78 mg/Nm3, sulfur dioxide emissions of 18.06 mg/Nm3, and dust emissions of 2.65 mg/Nm3, all below national ultra-low emission standards [52]. - The company has committed to deep emission reduction efforts in response to stricter environmental regulations in Hebei, with increased investment in pollution control facilities expected [108]. - The company has implemented a self-monitoring plan for emissions in accordance with industry guidelines and has established real-time monitoring systems for air pollutants and wastewater discharges [178]. - The company’s subsidiaries have developed emergency response plans for environmental incidents as per national regulations [178]. - The company’s environmental impact assessments for construction projects are conducted in compliance with relevant laws and regulations [177]. Shareholder Information - The company reported a total of 79,153 common shareholders at the end of the reporting period [195]. - The largest shareholder, Hebei Construction Investment Group Co., Ltd., holds 39.15% of the shares, totaling 701,495,667 shares [187]. - The controlling shareholder, Hebei Construction Investment Group Co., Ltd., holds 50.50% of the shares, amounting to 1,876,156 shares [199]. - The company has a significant stake in Datang Power Generation, holding 9.63% with 1,281,872 shares [199]. - The top ten shareholders do not have any related party relationships and have not engaged in repurchase transactions during the reporting period [198]. Investment and Financing - The company plans to issue shares to acquire stakes in Qinhuangdao Qinre Power Generation Co., Ltd. and Hebei Zhanghewang Pumped Storage Power Generation Co., Ltd. as part of its asset acquisition strategy [182]. - The company aimed to raise up to RMB 2 billion through the public issuance of convertible bonds for investment in projects including the 2×350MW supercritical cogeneration project in Tangshan and a 300MW offshore wind power demonstration project [182]. - Due to significant changes in the capital market environment, the company decided to terminate the public issuance of convertible bonds, as the stock price was at a historical low [182]. - The company reported accounts receivable from related parties totaling 181,678,420 RMB at the end of the reporting period [138]. - The company provided a bank loan guarantee for Shanxi International Energy Yuguang Coal Power Co., Ltd. with a maximum guarantee amount of 1.152 billion RMB, with an actual guarantee balance of 294.8 million RMB as of the reporting period [143]. Social Responsibility - In 2018, the company allocated 3.5 million yuan for healthcare resources in impoverished areas as part of its poverty alleviation efforts [169]. - The company has helped 380 individuals escape poverty through various initiatives, with a total investment of 200 million yuan in material support [169]. - The company has established three poverty alleviation teams consisting of 9 members each to support three impoverished villages in Zhangjiakou City [168]. - The company has improved local infrastructure and promoted economic development in impoverished areas as part of its poverty alleviation strategy [168]. Technological Innovation - The company is focusing on technological innovation, with key projects in efficient low-cost recovery and treatment of moisture in coal-fired power generation units being approved by the National Ministry of Science and Technology [54]. - The company emphasizes the importance of technological innovation and plans to collaborate with universities and research institutions to advance energy-saving projects [103].