JEP(SZ:000875)2023-08-29 16:00Investment and Project Progress - The total committed investment amount for projects is CNY 683,993 million, with an adjusted total investment amount of CNY 603,710.87 million[1]. - As of the end of the reporting period, the cumulative investment amount reached CNY 575,512.8 million, representing an investment progress of 95.29%[1]. - The project "Anhui Nanchao Changshan Wind Farm" achieved a benefit of CNY 1,384.38 million, meeting the expected benefit[1]. - The "Qinghai Nuo Muhong Dagele River East Wind Farm Phase I" project has a cumulative investment of CNY 38,689 million, with a progress of 99.69% but did not meet the expected benefit due to local renewable energy project saturation[1]. - The "Henan Huixian City South Rotation Wind Farm Project" has a total investment of CNY 81,348 million, with a cumulative investment of CNY 66,354.18 million, achieving 81.57% progress but did not meet expected benefits due to grid limitations[1]. Financial Performance - The company reported a total revenue of 831,780,496.24 CNY and a net profit of 197,199,740.28 CNY for its subsidiary Anhui Jidian New Energy Co., Ltd.[21]. - The company reported a revenue of 490,087,826.40 CNY and a net profit margin of approximately 43.5% for its subsidiary Jilin Jidian New Energy Co., Ltd.[21]. - Operating revenue for the current period is ¥7,634,441,218.79, a decrease of 0.86% compared to the previous year[78]. - Net profit attributable to shareholders is ¥896,989,620.99, an increase of 18.81% year-over-year[78]. - The company's net profit attributable to shareholders for the first half of 2023 was CNY 897 million[93]. Cash Dividends - The company plans to distribute a cash dividend of 1.10 CNY per 10 shares to all shareholders, based on a total share capital of 2,790,208,174 shares[18]. - The company plans to distribute a cash dividend of 1.10 CNY per 10 shares, totaling 306,922,899.14 CNY, which represents 34.22% of the net profit attributable to the parent company for the first half of 2023[37]. - The total number of shares for the dividend distribution is 2,790,208,174 shares, with a cash dividend payout ratio of 100%[37]. - The company reported a total of 306,922,899.14 CNY in cash dividends, fully utilizing its distributable profits of 621,138,382.80 CNY[37]. Environmental Compliance - Environmental risks are addressed through strict compliance with national ecological and environmental protection laws, focusing on waste management and pollution control[23]. - The company adheres to national environmental protection standards, ensuring compliance with various pollution discharge regulations[41]. - The company has obtained pollution discharge permits for all its thermal power plants as of the first half of 2023[42]. - The company has maintained compliance with air pollution discharge standards, with specific emissions reported for various pollutants[44]. - Jilin Electric Power Co., Ltd. reported a total emission of 89.86 tons of nitrogen oxides (NOx) during the first half of 2023, with a concentration of 33.14 mg/Nm3, meeting ultra-low emission standards[53]. Corporate Governance and Management - The company has appointed Kong Deqi as Deputy General Manager and Liu Shuang as Secretary of the Board, effective April 26, 2023, due to work requirements[34]. - The company has not implemented any employee incentive plans or stock ownership plans during the reporting period[36]. - The company held two temporary shareholder meetings in 2023, with participation rates of 36.87% and 38.06% respectively[27][30]. - The company has strengthened investor relations management through various communication methods, enhancing engagement with investors[137]. Market and Strategic Focus - The company faces market risks due to increasing competition in the electricity market and plans to enhance its market analysis and pricing strategies[23]. - The company is actively engaging in green electricity trading and carbon trading to enhance the profitability of its new energy projects[23]. - The company focuses on clean energy supply and aims to develop new energy, smart energy, hydrogen energy, and advanced energy storage[89]. - The company has implemented a hydrogen energy development strategy, emphasizing the "hydrogen-based green energy" concept[89]. - The company is currently executing contracts for the integration of wind and solar energy for green hydrogen production[148]. Research and Development - Research and development investment increased by 60.73% year-on-year to CNY 14.77 million[94]. - The research and development expenses were CNY 643,598.53, indicating ongoing investment in innovation[170]. - Research and development expenses increased to CNY 14,736,003.00 from CNY 9,187,451.18, showing a growth of about 60.5%[194]. Financial Position and Assets - The total assets of Jilin Electric Power Co., Ltd. amount to 8,300,935,525.86 CNY, with a net profit of 213,222,620.78 CNY for the reporting period[21]. - The total assets as of the end of the reporting period amounted to CNY 34,700,509,563.62, compared to CNY 33,599,502,586.08 at the end of the previous year, representing an increase of 3.28%[170]. - The total liabilities increased to CNY 11,855,215,426.83 from CNY 11,271,247,005.32, marking a rise of 5.18%[170]. - The company's total liabilities increased to CNY 13,590,389,733.48 from CNY 11,748,521,336.74, representing a growth of about 15.7%[191]. Fundraising and Financial Management - The company plans to pursue a non-public issuance of A-shares to raise funds for investment projects, including a green hydrogen ammonia integration demonstration project[27]. - The total amount of funds raised in 2016 was RMB 3,839,929,996.00, with a net amount of RMB 3,757,267,402.43 after deducting issuance costs[129]. - The company has not engaged in any securities or derivative investments during the reporting period[121][123]. - The company has not reported any significant contracts or leasing matters during the reporting period[135].