GED(SZ:200539)2021-08-27 16:00Financial Performance - The company's operating revenue for the reporting period was CNY 17,781,521,221, representing a year-on-year increase of 41.80% compared to CNY 12,539,917,823[29]. - The net profit attributable to shareholders was CNY 109,028,853, a significant decrease of 86.60% from CNY 813,684,495 in the same period last year[29]. - The net cash flow from operating activities was CNY 3,096,857,643, down 22.93% from CNY 4,018,221,897 year-on-year[29]. - The company's operating revenue for the reporting period reached CNY 17.78 billion, a 41.80% increase compared to CNY 12.54 billion in the same period last year, driven by the recovery of domestic macroeconomic conditions and increased electricity demand[56]. - The company's total assets at the end of the reporting period were CNY 92,331,563,629, an increase of 7.40% from CNY 85,970,818,168 at the end of the previous year[29]. - The total revenue for the reporting period was 1,254,358,100 CNY, with a net profit of 281,081,084 CNY[80]. Business Operations - The company reported a significant impact on its thermal power generation business due to fluctuations in electricity demand, fuel prices, and electricity selling prices[7]. - The company’s main business is thermal power generation, which is heavily influenced by market conditions[7]. - The company has a controllable installed capacity of 23.473 million kW, with a clean energy capacity accounting for 21.2%[39]. - The company sold 44.757 billion kWh of electricity, an increase of 43.07% year-on-year[40]. - The average selling price of electricity was CNY 440.05 per MWh, a decrease of CNY 2.41 per MWh, or 0.54% year-on-year[40]. - Fuel costs amounted to CNY 1,321,815,000, accounting for 78.77% of operating costs, with a year-on-year increase of 87.68% due to rising coal prices[40]. Investments and Projects - The company has signed cooperation framework agreements with local governments to develop solar and wind energy projects, promoting green energy initiatives[41]. - The company has a total of 126.18 million kW of wind power projects under construction, with several projects expected to be operational by the end of 2021[47]. - The company is focusing on long-term investments in renewable energy, particularly in wind and gas power generation[76][79]. - The company is actively pursuing new energy projects, with several ongoing construction projects in the pipeline[76][79]. - The company plans to invest approximately 10 billion yuan in a 2 million kW photovoltaic project in Tumushuke City, Xinjiang[169]. - The company has approved a capital increase of 160 million yuan for Shanxi Guangdong Electric Energy Co., Ltd. to support the development of wind and solar projects[169]. Environmental Compliance - The company reported total emissions of 9.41 tons of particulate matter from the Shajiao A Power Plant, meeting the national standards[105]. - Sulfur dioxide emissions from the Shajiao A Power Plant were 118.46 tons, in compliance with the pollution discharge standards[105]. - Nitrogen oxides emissions from the Shajiao A Power Plant reached 197.62 tons, adhering to the required environmental regulations[105]. - The company has implemented energy-saving technology improvements and urea substitution for liquid ammonia, enhancing equipment efficiency and reducing dust emissions to comply with national environmental standards[112]. - The average coal consumption for power generation was 303.56 grams per kilowatt-hour, with sulfur dioxide emissions at 0.053 grams per kilowatt-hour and nitrogen oxides at 0.121 grams per kilowatt-hour[116]. Corporate Governance - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves[8]. - There were no changes in the company's board of directors, supervisors, or senior management during the reporting period[99]. - The company has no employee stock ownership plans or other incentive measures in place during the reporting period[101]. - The company has not engaged in any significant asset or equity sales during the reporting period[85][86]. - The company had no significant penalties or rectifications during the reporting period[136]. Shareholder Information - The largest shareholder, Guangdong Energy Group, holds 67.39% of the shares, amounting to 3,538,005,285 shares[183]. - The company experienced a decrease of 4,716 limited shares due to the expiration of the lock-up period for a former employee supervisor[182]. - The company’s total unrestricted shares increased by 4,716 shares following the conversion of limited shares[178]. - The company has not reported any changes in the shareholding of directors, supervisors, and senior management during the reporting period[196].