赣能股份(000899) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,374,294,770.36, representing an increase of 18.63% compared to CNY 1,158,486,024.54 in the same period last year[27]. - The net profit attributable to shareholders of the listed company decreased by 53.19% to CNY 76,361,053.42 from CNY 163,134,262.53 year-on-year[27]. - The net profit after deducting non-recurring gains and losses was CNY 75,302,346.57, down 52.44% from CNY 158,319,532.44 in the previous year[27]. - The net cash flow from operating activities was CNY 166,531,117.00, a decrease of 32.44% compared to CNY 246,496,608.54 in the same period last year[27]. - Basic earnings per share were CNY 0.0783, down 53.17% from CNY 0.1672 in the previous year[27]. - The company's operating revenue for the reporting period was ¥1,374,294,770.36, representing an increase of 18.63% compared to ¥1,158,486,024.54 in the same period last year[50]. - Operating costs rose to ¥1,225,156,599.64, a significant increase of 44.82% from ¥845,964,754.01, primarily due to rising coal prices[50]. - The net cash flow from operating activities decreased by 32.44% to ¥166,531,117.00, down from ¥246,496,608.54, mainly due to increased cash payments for fuel purchases[50]. - The company reported a significant reduction in income tax expenses by 93.12% to ¥3,419,924.41, down from ¥49,712,524.38, due to a decrease in profits and tax benefits from high-tech enterprise status[50]. Assets and Investments - Total assets at the end of the reporting period were CNY 8,806,853,546.37, an increase of 10.24% from CNY 7,988,556,189.10 at the end of the previous year[27]. - The net assets attributable to shareholders of the listed company decreased by 0.42% to CNY 4,980,553,785.29 from CNY 5,001,643,242.69 at the end of the previous year[27]. - The company's total assets at the end of the reporting period amounted to ¥8,805,000,000, with cash and cash equivalents increasing to ¥636,640,323.80, representing 7.23% of total assets[60]. - The total investment amount for the reporting period reached ¥783,937,701.99, a significant increase of 594.06% compared to ¥112,949,832.31 in the same period last year[65]. - The company reported a net investment loss of ¥333,086.13 from its investment in Jiangxi Ganeng Energy Service Co., Ltd.[71]. Power Generation and Capacity - The company's total power generation reached 379,567.60 million kWh, an increase of 17.33% year-on-year[42]. - The total installed capacity of the company as of June 30, 2021, was 1,573.4 MW, an increase of 3.81% year-on-year[42]. - The company's market-based electricity trading volume was 223,931.34 million kWh, an increase of 21.24% year-on-year[42]. - The company's coal-fired power generation was 362,578.80 million kWh, a year-on-year increase of 18.16%[43]. - The company's hydropower generation was 14,694.07 million kWh, a decrease of 11.25% year-on-year[43]. Research and Development - The company has successfully obtained 2 invention patents and 15 utility model patents, enhancing its technological innovation capabilities[45]. - Research and development expenses slightly decreased by 3.99% to ¥27,422,733.65 from ¥28,562,687.83[50]. Environmental and Social Responsibility - The company has maintained zero new poverty households in the first half of the year, ensuring stable employment and family income for previously impoverished households[113]. - The company has established a comprehensive record for 74 poverty alleviation households, which have been transferred for standardized organization[113]. - The company has been actively involved in pandemic prevention efforts, including monitoring returnees and promoting vaccination among villagers[113]. - The company has engaged in discussions with local leaders to establish a framework agreement for county-wide new energy development[113]. Financial Management and Risks - The company faced risks from the coal market due to COVID-19 and "dual carbon" requirements, leading to increased coal prices and pressure on net profit[94]. - The company plans to strengthen cost control and optimize fund management to mitigate risks from the coal market[94]. - The company is actively participating in the national carbon emissions trading market, with its Fencheng Phase II power plant among the first 2,225 enterprises to participate[95]. - The company aims to enhance carbon asset management to reduce compliance costs and maximize carbon asset value[95]. Shareholder Information - The company reported a total of 975,677,760 shares outstanding, with 100% being unrestricted shares[186]. - The largest shareholder, Jiangxi Provincial Investment Group Co., Ltd., holds 39.72% of the shares, totaling 387,495,562 shares[190]. - The second largest shareholder, Guotou Electric Power Holdings Co., Ltd., holds 33.72% of the shares, totaling 329,000,000 shares[190]. - The company has 43,309 common shareholders as of the end of the reporting period[190]. - The company did not implement any share buybacks during the reporting period[189]. Related Transactions - The company engaged in related transactions, including coal procurement from a related party, with a transaction amount of 0 million yuan, accounting for 0.00% of similar transactions[139]. - The company has engaged in related transactions with Jiangxi Coal Industry Group Co., Ltd. for coal procurement, amounting to 16,839.77 million CNY, which represents 17.37% of the total related transactions[145]. - The company has confirmed that all related transactions are conducted at market prices and are fair and reasonable, ensuring no harm to the interests of the company and minority shareholders[158].