粤水电(002060) - 2021 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2021 was ¥6,802,780,173.07, representing a 19.16% increase compared to ¥5,709,098,038.38 in the same period last year[9]. - The net profit attributable to shareholders of the listed company was ¥159,003,230.92, a 47.63% increase from ¥107,706,692.49 in the previous year[9]. - The net profit after deducting non-recurring gains and losses was ¥155,325,455.75, up 41.38% from ¥109,866,269.85 year-on-year[9]. - The basic earnings per share increased to ¥0.1323, reflecting a 47.66% rise from ¥0.0896 in the same period last year[9]. - Total revenue for the reporting period reached ¥6,802,780,173.07, representing a year-on-year increase of 19.16% from ¥5,709,098,038.38[28]. - The engineering construction segment generated a revenue of 5.49 billion yuan, with a year-on-year increase of 21.89%, driven by key projects in the Pearl River Delta and Guangzhou Metro Line 14[23]. - The clean energy generation segment reported a revenue of 847 million yuan, up 7.41% year-on-year, attributed to new operational projects and alleviated power restrictions in certain regions[23]. - The total operating costs for the first half of 2021 were CNY 6,532,742,480.10, up from CNY 5,494,140,571.80 in the previous year, reflecting a growth of 18.9%[145]. - The net cash flow from operating activities improved to -¥428,973,152.60, a 28.10% improvement from -¥596,586,068.25 in the previous year[9]. Assets and Liabilities - Total assets at the end of the reporting period were ¥30,806,072,778.82, a 4.46% increase from ¥29,491,657,758.56 at the end of the previous year[9]. - The net assets attributable to shareholders of the listed company were ¥3,739,234,853.63, up 1.84% from ¥3,671,847,688.78 at the end of the previous year[9]. - The company's total liabilities increased to CNY 26,882,800,919.05 from CNY 25,648,333,970.39, which is an increase of approximately 4.80%[140]. - The company's long-term borrowings increased to CNY 935,728,650.00, compared to CNY 598,500,000.01 in the previous year, reflecting a growth of 56.4%[143]. - The company's cash and cash equivalents decreased by 2.83% to ¥2,130,678,321.32, compared to ¥2,876,660,905.94 at the end of the previous year[31]. Investments and Projects - The company plans to complete an additional 200,000 kW of clean energy capacity and prepare for 700,000 kW of new projects in 2021, focusing on wind and solar energy[23]. - The company invested 227.87 million yuan in R&D, a 36.41% increase compared to the previous year, primarily due to increased investment in high-tech subsidiaries[27]. - The company has signed a framework agreement for a 700MW photovoltaic power generation project with an investment of approximately 2.5 billion yuan, covering an area of about 16,000 acres[80]. - The company is preparing to invest in a 500 MW photovoltaic project in Nanyang, with a total investment of about 2.5 billion yuan[81]. - The company has a total investment of approximately 2.5 billion yuan for the flood control project in Suixi County, which is currently suspended due to policy adjustments[84]. Market and Industry Outlook - The construction industry in China achieved a value-added output of 3.33 trillion yuan in the first half of 2021, representing a year-on-year growth of 8.6%[15]. - The government plans to invest approximately 1.29 trillion yuan in 150 major water conservancy projects from 2020 to 2022, which is expected to drive indirect investment of about 6.6 trillion yuan[16]. - By 2035, the total installed capacity of pumped storage power stations in China is projected to reach 300 million kilowatts, with an additional investment scale of around 1.8 trillion yuan[16]. - China's total installed capacity of wind and solar power is expected to exceed 1.2 billion kilowatts by 2030, as part of the national energy transition strategy[17]. Corporate Governance and Compliance - The company plans not to distribute cash dividends or issue bonus shares[1]. - The semi-annual financial report has not been audited[52]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[48]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[50]. - The company has not engaged in any major related party transactions during the reporting period[56]. Research and Development - Research and development expenses for the first half of 2021 were CNY 45,951,307.64, significantly higher than CNY 9,867,522.31 in the same period of 2020, indicating a growth of 365.5%[145]. - The company received high-tech enterprise certification for several subsidiaries, enhancing its technological credentials and potential for innovation[124]. Shareholder Information - The total number of shares before the change was 1,202,262,058, with 99.97% being unrestricted shares[126]. - The largest shareholder, Guangdong Water Resources Group Co., Ltd., holds 36.48% of the total shares, amounting to 438,592,930 shares[128]. - The total number of shareholders with more than 5% ownership is 10, with a total of 59,727 ordinary shareholders reported[128]. - The report indicates that there were no changes in the shareholding of directors, supervisors, and senior management during the reporting period[132].