JXGNCL(SZ:000899)2022-08-24 16:00Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,381,291,104.67, a slight increase of 0.51% compared to CNY 1,374,294,770.36 in the same period last year[26]. - Net profit attributable to shareholders decreased by 54.45% to CNY 34,778,855.41 from CNY 76,361,053.42 year-on-year[26]. - The net profit after deducting non-recurring gains and losses was CNY 33,134,030.88, down 56.00% from CNY 75,302,346.57 in the previous year[26]. - The net cash flow from operating activities was CNY 114,613,215.98, a decrease of 31.18% compared to CNY 166,531,117.00 in the same period last year[26]. - Basic and diluted earnings per share both fell by 50.00% to CNY 0.04 from CNY 0.08 year-on-year[26]. - Operating costs rose to ¥1,274,815,744.18, reflecting a 4.05% increase from ¥1,225,156,599.64 year-on-year[51]. - The total revenue for the reporting period was 55,306.7 million CNY, with a net profit of 230,173 million CNY[140]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 10,691,424,499.33, an increase of 8.53% from CNY 9,851,092,696.19 at the end of the previous year[26]. - The net assets attributable to shareholders increased by 0.75% to CNY 4,684,522,025.66 from CNY 4,649,743,170.25 at the end of the previous year[26]. - As of June 30, 2022, the company's total assets amounted to 10.691 billion CNY, an increase of 8.53% from the beginning of the year, with a debt ratio of 55.70%[40]. - The company’s long-term borrowings increased by 34.36% to ¥3,673,151,498.34 from ¥2,417,653,966.94 in the previous year[58]. - The total approved guarantee amount at the end of the reporting period was 38,420 million, with an actual guarantee balance of 33,246.6 million[160]. Investments and Projects - The total investment amount for the reporting period was ¥569,646,027.20, a decrease of 27.34% compared to the same period last year, which was ¥783,937,701.99[64]. - The ongoing major non-equity investment, the Fengdian Phase III expansion project, has a total investment of ¥155,824,000, with a cumulative actual investment of ¥4,318,796,012.90, achieving 57.28% of the planned progress[69]. - The company has invested ¥462,217,647.82 in the Fengdian Phase III expansion project during the reporting period[69]. - The company has completed the signing of equity transfer agreements for 100% stakes in subsidiaries, including Shangrao Yuhua Photovoltaic Technology Co., Ltd. and Jiangxi Yucheng Smart Energy Co., Ltd.[168]. - The company has ongoing contracts for the expansion of the Fengcheng Power Plant, with a total transaction price of 205,188 million for main equipment purchases[163]. Operational Highlights - In the first half of 2022, the company's total power generation was 3.276 billion kWh, a decrease of 13.70% year-on-year[40]. - The company's installed capacity for photovoltaic power generation was 93.44 MW, accounting for 3.60% of the total installed capacity[44]. - In the first half of 2022, the company's photovoltaic power generation increased by 74.99% year-on-year, reaching 39 million kWh[43]. - The average utilization hours of national power generation equipment were 1,777 hours, a decrease of 81 hours compared to the same period last year[36]. - The company is actively promoting green and low-carbon power projects in line with the "14th Five-Year Plan" to optimize the power supply structure[44]. Environmental and Social Responsibility - The company has completed the ultra-low emission transformation for units 5 and 6 in 2017, with recognition from the Jiangxi Provincial Environmental Protection Department in 2018[109]. - The company’s Fencheng Phase II power plant has implemented various environmental protection projects, including the liquid ammonia to urea project, which commenced operation in June 2022[109]. - The company has developed an environmental pollution accident emergency plan to effectively prevent and manage environmental risks[114]. - The company has maintained a comprehensive utilization rate of 100% for industrial solid waste generated at its power plants[117]. - The company has actively participated in community support activities, including traffic safety training and cultural events, to strengthen ties with local residents[121]. Corporate Governance - The annual shareholders' meeting had a participation rate of 73.59% on May 17, 2022, approving ten proposals including the 2021 financial report and the election of the ninth board of directors[96]. - The first extraordinary shareholders' meeting in 2022 had a participation rate of 73.69% on June 2, 2022, passing a proposal for issuing debt financing instruments[96]. - The company has appointed several new directors and supervisors, including Ye Rong as the general manager on May 17, 2022[100]. - The company has no stock incentive plans or employee stock ownership plans in place during the reporting period[104]. - The company’s integrity status is good, with no unfulfilled court judgments or significant debts due[136]. Shareholder Information - The company’s major shareholder, Jiangxi Provincial Investment Group Co., Ltd., reduced its holdings by 18,925,431 shares, representing a decrease of 1.94%, leaving it with 368,570,131 shares, or 37.78% ownership[177]. - Another significant shareholder, State Power Investment Corporation, reduced its holdings by a total of 14,634,900 shares, which is a combined reduction of approximately 1.5%, resulting in a remaining ownership of 314,365,100 shares, or 32.22%[177]. - The company reported a total of 43,899 shareholders holding ordinary shares at the end of the reporting period[181]. - The company’s shareholding structure indicates a significant concentration of ownership among major shareholders, with the top two shareholders holding over 69% of the total shares[181]. - The company has complied with the relevant regulations regarding shareholding changes and disclosures as required by the Shenzhen Stock Exchange[177].