晋控电力(000767) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 5,898,511,139.12, representing a 9.91% increase compared to CNY 5,366,710,598.37 in the same period last year[22]. - The net profit attributable to shareholders of the listed company decreased by 88.49% to CNY 13,284,947.96 from CNY 115,435,916.73 year-on-year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -16,908,990.53, a decrease of 119.70% compared to CNY 85,815,493.07 in the previous year[22]. - The net cash flow from operating activities increased significantly by 1,147.04% to CNY 416,605,985.42 from CNY 33,407,491.17 in the same period last year[22]. - The total assets at the end of the reporting period were CNY 59,046,255,075.60, an increase of 3.86% from CNY 56,853,939,284.09 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company increased by 3.79% to CNY 8,549,443,730.79 from CNY 8,237,058,782.83 at the end of the previous year[22]. Revenue Sources - The revenue from coal-fired electricity was ¥3,750,299,808.66, accounting for 63.58% of total revenue, with a year-on-year growth of 4.06%[40]. - Wind power revenue increased significantly by 121.70% to ¥454,912,916.47, reflecting the company's expansion in renewable energy[40]. - The company reported a coal sales revenue of CNY 711.69 million, reflecting a strong performance in the coal trading segment[56]. - The average price of Shanxi Datong 5500 thermal coal increased to CNY 835 per ton, up CNY 444 compared to the same period last year, indicating rising fuel costs[57]. Cost and Expenses - Operating costs increased by 16.98% to ¥4,982,966,736.51, primarily driven by rising coal procurement costs[35]. - The company reported a decrease in financial expenses by 3.63% to ¥850,359,463.85, mainly due to reduced interest expenses[37]. - The gross profit margin for the electricity segment was 19.70%, showing a decrease of 3.89% compared to the previous year[41]. Environmental Compliance - The total emissions of smoke dust from Jin Energy Holding Shanxi Electric Power Co., Ltd. is 8.78 tons, with a concentration of 0.97 mg/m³, complying with local standards[71]. - The total emissions of sulfur dioxide from Jin Energy Holding Shanxi Electric Power Co., Ltd. is 147.96 tons, with a concentration of 16.34 mg/m³, complying with local standards[71]. - The total emissions of nitrogen oxides from Jin Energy Holding Shanxi Electric Power Co., Ltd. is 360.31 tons, with a concentration of 39.8 mg/m³, complying with local standards[71]. - The company has completed ultra-low emission renovations for all 10 active thermal power units, meeting the environmental standards set by Shanxi Province[81]. - The company has established a comprehensive environmental monitoring plan, ensuring compliance with local ecological protection regulations[81]. Strategic Initiatives - The company is focusing on developing renewable energy sources such as wind and solar power to increase the proportion of renewable energy generation[30]. - The company has a clear mid-to-long term development plan, focusing on large capacity and high-efficiency power generation projects[32]. - Jin Energy Holdings plans to enhance profitability and risk resistance by improving management of its equity investments in subsidiaries like Aluminum Corporation of China and Huaren Power[59]. - The company is actively pursuing new technology development to enhance operational efficiency and market competitiveness[119]. Shareholder Information - The largest shareholder, Jinneng Holding Coal Industry Group Co., Ltd., holds 29.43% of the shares, totaling 905,653,810 shares[145]. - The second-largest shareholder, Shanxi Provincial Government State-owned Assets Supervision and Administration Commission, holds 9.72% of the shares, totaling 299,130,000 shares[145]. - The company has no plans for share repurchase or issuance of new shares at this time[143]. Future Outlook - The company anticipates a revenue increase of 15% in the upcoming fiscal year, driven by new product launches and market expansion initiatives[118]. - The company has outlined a strategic plan for mergers and acquisitions to bolster its market position and expand its operational capabilities[119]. - Future earnings from the Hebei Longqin Photovoltaic Technology Company are projected at 38,610 million, showcasing the company's investment in renewable energy[119]. - Overall, the company is committed to sustainable growth, with a focus on reducing carbon emissions by 25% over the next decade[122].