GUANGDONGELECTRICPOWERDEVELOPMENTCO.,LTD.
TheSemi-annualReport2022
August2022
I.ImportantNotice,TableofContentsandDefinitionsTheBoardofDirectors,SupervisoryCommittee,Directors,SupervisorsandSeniorExecutivesoftheCompanyherebyguaranteesthattherearenomisstatement,misleadingrepresentationorimportantomissionsinthisreportandshallassumejointandseveralliabilityfortheauthenticity,accuracyandcompletenessofthecontentshereof.Mr.WangJin,TheCompanyleader,Mr.LiuWei,ChieffinancialofficerandtheMr.MengFei,thepersoninchargeoftheaccountingdepartment(thepersoninchargeoftheaccounting)herebyconfirmtheauthenticityandcompletenessofthefinancialreportenclosedinthissemi-annualreport.OtherdirectorsattendingtheMeetingforannualreportdeliberationexceptforthefollowed:
Thenameofdirectorwhodidnotattendthemeetinginperson | Positionofabsentdirector | Reason | Thenameofdirectorwhowasauthorized |
LiFangje | Director | Duetobusiness | WangJin |
LiBaobing | Director | Duetobusiness | ZhengYunpeng |
TheCompanyismainlyengagedinthermalpowergeneration.Thebusinessofthermalpowergenerationisgreatlyaffectedbyfactorsincludingelectricpowerdemandandfuelprice.RefertoSection10ofChapterIIIofthisannualreport-situationfacedandcountermeasuresforrelevantinformation.TheCompanyWillnotdistributecashdividendorbonusshares,neithercapitalizingofcommonreserves.
TableofContents
I.ImportantNotice,TableofcontentsandDefinitionsII.CompanyProfile&FinancialHighlights.III.ManagementDiscussion&AnalysisIV.CorporateGovernanceV.Environmental&SocialResponsibilityVI.ImportantEventsVII.ChangeofsharecapitalandshareholdingofPrincipalShareholdersVIII.SituationofthePreferredSharesIX.CorporateBondX.FinancialReport
Documentsavailableforinspection
1.Financialstatementsbearingthesealandsignatureoflegalrepresentative,financialcontrollerandthepersoninchargeoftheaccountingorgan;
2..Alloriginalcopiesofofficialdocumentsandnotices,whichweredisclosedinSecuritiesTimes,ChinaSecuritiesandHongKongCommercialDaily(BothEnglishandChineseversion);
3.Chineseversionofthesemi-annualreport.Thedocumentsmentionedabovearekeptinoffice,andarereadyforreferenceatanytime(exceptpublicholidays,SaturdayandSunday).
Definition
Termstobedefined | Refersto | Definition |
GuangdongEnergyGroup | Refersto | GuangdongEnergyGroupCo.,Ltd. |
ShaAPowerplant | Refersto | GuangdongElectricPowerDevelopmentCo.,Ltd.ShaAPowerplant |
XinjiangBranch | Refersto | GuangdongElectricPowerDevelopmentCo.,Ltd.XinjiangBranch |
QinghaiBranch | Refersto | GuangdongElectricPowerDevelopmentCo.,Ltd.QinghaiBranch |
ZhanjiangElectricPower | Refersto | ZhanjiangElectricPowerCo.,Ltd. |
YuejiaCompany | Refersto | GuangdongYuejiaElectricPowerCo.,Ltd. |
YuejiangCompany | Refersto | GuangdongShaoguanYuejiangPowerGenerationCo.,Ltd. |
ZhennengCompany | Refersto | MaomingZhennengThermalPowerCo.,Ltd. |
JinghaiCompany | Refersto | GuangdongYudeanJinghaiPowerCo.,Ltd. |
HumenPowerCompany | Refersto | GuangdongYudeanHumenPowerCo.,Ltd. |
AnxinCompany | Refersto | GuangdongYudeanAnxinElectricInspection&InstallationCo.,Ltd |
ZhanjiangZhongyue | Refersto | ZhanjiangZhongyueEnergyCo.,Ltd. |
BoheCompany | Refersto | GuangdongYudeanEnergyCo.,Ltd. |
HuaduCompany | Refersto | GuangdongHuaduNaturalGasThermalPowerCo.,Ltd. |
DapuPowerPlant | Refersto | GuangdongDapuPowerGenerationCo.,Ltd. |
WindPowerCompany | Refersto | GuangdongWindPowerCo.,Ltd. |
GuangqianCompany | Refersto | ShenzhenGuangqianElectricPowerCo.,Ltd. |
ElectricPowerSalesCompany | Refersto | GuangdongYudeanElectricPowerSalesCo.,Ltd. |
HuizhouNaturalGasCompany | Refersto | GuangdongHuizhouNaturalGasPowerCo.,Ltd. |
RedBayCompany | Refersto | GuangdongRedBayPowerCo.,Ltd. |
PinghaiPowerPlant | Refersto | GuangdongHuizhouPinghaiPowerCo.,Ltd. |
LincangCompany | Refersto | LincangYudeanEnergyCo.,Ltd. |
YonganCompany | Refersto | GuangdongYudeanYonganNaturalGasThermalPowerCo.,Ltd. |
BinhaiwanEnergyCompany | Refersto | GuangdongYudeanBinhaiwanEnergyCo.,Ltd. |
DayawanEnergy | Refersto | GuangdongYudeanDayawanIntegratedEnergyCo.,Ltd. |
QimingEnergy | Refersto | GuangdongYudeanQimingEnergyCo.,Ltd. |
HuaguoquanCompany | Refersto | ShenzhenHuaguoquanElectricIndustryServiceCo.,Ltd. |
DananhaiCompany | Refersto | GuangdongYudeanDananhaiIntelligenceEnergyCo.,Ltd. |
YudeanBaihua | Refersto | GuangdongYudeanBaihuaIntegratedEnergyCo.,Ltd. |
BijieEnergy | Refersto | GuangdongBijieNewEnergyCo.,Ltd. |
ShaoguanEnergy | Refersto | GuangdongShaoguanYuedianliNewEnergyCo.,Ltd. |
HenanEnergy | Refersto | HenanYudeanNewEnergyCo.,Ltd. |
ShaCCompany | Refersto | GuangdongShajiao(plantC)PowerGenerationCo.,Ltd. |
YuehuaPowerGeneration | Refersto | GuangdongYuehuaPowerGenerationCo.,Ltd. |
YunhePowerGeneration | Refersto | GuangdongYudeanYunhePowerGenerationCo.,Ltd. |
TumuThermalPower | Refersto | TumushukeThermalPowerCo.,Ltd. |
HanhaiEnergy | Refersto | TumushukeYudeanHanhaiNewEnergyCo.,Ltd. |
ShibeishanWindPower | Refersto | GuangdongYudeanShibeishanWindEnergyDevelopmentCo.,Ltd. |
DianbaiWindPowerCompany | Refersto | GuangdongYudeanDianbaiWindPowerCo.,Ltd. |
HuilaiWindPowerCompany | Refersto | HuilaiWindPowerGenerationCo.,Ltd. |
YangjiangWindPowerCompany | Refersto | GuangdongYudeanYangjiangOffshoreWindPowerCo.,Ltd. |
HepingWindPowerCompany | Refersto | GuangdongYudeanHepingWindPowerCo.,Ltd. |
PingyuanWindPowerCompany | Refersto | GuangdongYudeanPingyuanWindPowerCo.,Ltd. |
WuxuanWindPowerCompany | Refersto | GuangxiWuxuanYudeanNewEnergyCo.,Ltd. |
XupuWindPowerCompany | Refersto | HunanXupuYuefengNewEnergyCo.,Ltd. |
PingdianIntegratedEnergyCompany | Refersto | HuizhouPingdianIntegratedEnergyCo.,Ltd. |
ZhuhaiWindPowerCompany | Refersto | GuangdongYudeanZhuhaiOffshoreWindPowerCo.,Ltd. |
ZhanjiangWindPowerCompany | Refersto | GuangdongYudeanZhanjiangWindPowerGenerationCo.,Ltd. |
QujieWindPowerCompany | Refersto | GuangdongYudeanQujieWindPowerGenerationCo.,Ltd. |
LeizhouWindPowerCompany | Refersto | GuangdongYudeanLeizhouWindPowerGenerationCo.,Ltd. |
TongdaoWindPowerCompany | Refersto | TongdaoYuexinWindPowerGenerationCo.,Ltd. |
YudeanFuelCompany | Refersto | GuangdongPowerIndustryFuelCo.,Ltd. |
YudeanInsuranceCaptiveCompany | Refersto | GuangdongYudeanPropertyInsuranceCaptiveCo.,Ltd. |
ShanxiEnergyCompany | Refersto | ShanxiYudeanEnergyCo.,Ltd. |
YudeanShippingCompany | Refersto | GuangdongYudeanShippingCo.,Ltd. |
YueqianCompany | Refersto | GuizhouYueqianElectricPowerCo.,Ltd. |
EnergyGroupFinanceCompany | Refersto | GuangdongEnergyGroupFinanceCo.,Ltd. |
EnergyFinancialLeasingCompany | Refersto | GuangdongEnergyFinancialLeasingCo.,Ltd. |
GuohuaTaishanCompany | Refersto | GuangdongGuohuaYudeanTaishanPowerGenerationCo.,Ltd. |
WeixinEnergyCo.,Ltd. | Refersto | YunnanYuntouWeixinEnergyCo.,Ltd. |
Zhongxinkenghydropowerstation | Refersto | YangshanZhongxinkengPowerCo.,Ltd. |
Jiangkenghydropowerstation | Refersto | YangshanJiangkenghydropowerstation |
SouthernOffshorewindpower | Refersto | SouthernOffshorewindpowerUnionDevelopmentCo.,Ltd. |
SunshineInsurance | Refersto | SunshineInsuranceGroupCo.,Ltd. |
ShenzhenCapital | Refersto | ShenzhenCapitalGroupCo.,Ltd. |
GMG | Refersto | GMGInternationalTenderingCo.,Ltd. |
ShenzhenEnergy | Refersto | ShenzhenEnergyGroupCo.,Ltd. |
ShenergyCompany | Refersto | ShenergyCompanyLimited |
EnvironmentalProtectionCompany | Refersto | GuangdongYudeanEnvironmentalProtectionCo.,Ltd. |
II.CompanyProfile&FinancialHighlights.I.CompanyProfile
Stockabbreviation | YueDianLiA,YueDianLiB | Stockcode: | 000539,200539 |
Stockexchangeforlisting | ShenzhenStockExchange | ||
NameinChinese | 广东电力发展股份有限公司 | ||
AbbreviationofRegisteredCompanyNameinChinese( | 粤电力 | ||
Englishname(Ifany) | GUANGDONGELECTRICPOWERDEVELOPMENTCO.,LTD | ||
Englishabbreviation(Ifany) | GED | ||
LegalRepresentative | WangJin |
Ⅱ.Contactpersonandcontactmanner
Boardsecretary | SecuritiesaffairsRepresentative | |
Name | LiuWei | HuangXiaoWen |
Contactaddress | 35F,SouthTower,YudeanPlaza,No.2TianheRoadEast,Guangzhou,GuangdongProvince | 35F,SouthTower,YudeanPlaza,No.2TianheRoadEast,Guangzhou,GuangdongProvince |
Tel | (020)87570251 | (020)87570251 |
Fax | (020)85138084 | (020)85138084 |
liuw@ged.com.cn | Huangxiaowen@ged.com.cn |
III.Otherinfo.
1.WayofcontactWhetherregistrationsaddress,officesaddressandcodesaswellaswebsiteandemailoftheCompanychangedinreportingperiodornot
□Applicable√NotapplicableRegistrationsaddress,officesaddressandcodesaswellaswebsiteandemailoftheCompanyhasnochangeinreportingperiod,foundmoredetailsinannualreport2021.
2.InformationinquiryWhetherinformationdisclosureandpreparationplacechangedinreportingperiodornot
□Applicable√NotapplicableNoneoftheofficialpresses,website,andplaceofenquiryhasbeenchangedinthesemireportperiod.FordetailspleasefindtheAnnualReport2021.
3.OtherrelevantinformationDidanychangeoccurtootherrelevantinformationduringthereportingperiod?
□Applicable√NotapplicableIV.SummaryofAccountingdataandFinancialindexWhetherithasretroactiveadjustmentorre-statementonpreviousaccountingdata
√Yes□NoRetroactiveadjustmentorrestatementofcauses
Mergerofenterprisesunderthesamecontrol
Reportingperiod | Sameperiodoflastyear | ChangesofthisperiodoversameperiodofLastyear(%) | ||
Beforeadjustment | Afteradjustment | Afteradjustment | ||
Operatingincome(Yuan) | 22,611,239,733 | 17,781,521,221 | 20,594,038,804 | 9.80% |
Netprofitattributabletotheshareholdersofthelistedcompany(Yuan) | -1,375,739,165 | 109,028,853 | 326,629,275 | -521.19% |
Netprofitafterdeductingofnon-recurringgain/lossattributabletotheshareholdersoflistedcompany(Yuan) | -1,399,609,834 | 90,377,204 | 267,001,900 | -624.19% |
Cashflowgeneratedbybusinessoperation,net(Yuan) | -208,358,510 | 3,096,857,643 | 3,786,846,816 | -105.50% |
Basicearningpershare(Yuan/Share) | -0.2620 | 0.0208 | 0.0622 | -521.19% |
Dilutedgainspershare(Yuan/Share) | -0.2620 | 0.0208 | 0.0622 | -521.19% |
WeightedaverageROE(%) | -6.23% | 0.40% | 1.02% | -7.25% |
Asattheendofthereportingperiod | Asattheendoflastyear | Changedoverlastyear(%) | ||
Beforeadjustment | Afteradjustment | Afteradjustment | ||
Grossassets(Yuan) | 117,473,162,025 | 114,271,451,479 | 114,491,142,111 | 2.60% |
Netassetsattributabletoshareholdersofthelistedcompany(Yuan) | 21,910,644,854 | 23,185,079,805 | 23,402,720,821 | -6.38% |
ReasonsofaccountingpolicychangeandcorrectionofaccountingerrorsAccordingtotherelevantprovisionsoftheInterpretationNo.15ofAccountingStandardsforBusinessEnterprises(CK[2021]No.35),theincomeandcostrelatedtothetrialrunsalesareincludedinthecurrentprofitsandlosses.TheCompanyhascalculatedthetrialrunsalesfromJanuary1,2022accordingtotherequirementsofthisInterpretation,andmaderetrospectiveadjustmentstothetrialrunsalesthatoccurredfromJanuary1,2021toJanuary1,2022.
1.Differencesbetweenaccountingdataunderdomesticandoverseasaccountingstandards
1).SimultaneouslypursuanttobothChineseaccountingstandardsandinternationalaccountingstandardsdisclosedinthefinancialreportsofdifferencesinnetincomeandnetassets.
□Applicable□√NotapplicableNone
2).DifferencesofnetprofitandnetassetsdisclosedinfinancialreportspreparedunderoverseasandChineseaccountingstandards.
□Applicable√NotapplicableNone
2.Itemsandamountofnon-currentgainsandlosses
√Applicable□Notapplicable
InRMB
Items | Amount | Note |
Non-currentassetdisposalgain/loss(includingthewrite-offpartforwhichassetsimpairmentprovisionismade) | 31,707,133 | MainlyduetoYuejiaCompanyshut-downandliquidationofassetstoobtainincome. |
Governmentsubsidiesrecognizedincurrentgainandloss(excludingthosecloselyrelatedtotheCompany’sbusinessandgrantedunderthestate’spolicies) | 15,402,657 | Mainlyduetopowersaleseconomicpolicyincentivesandsubsidiesforvariouspowerplantprojects. |
Othernon-businessincomeandexpendituresotherthantheabove | 8,080,287 | |
Finesandoverduepaymentfees | -5,470,272 | ItismainlyduetothefineforlandreclamationofPinghaiPowerPlantandthetaxdelaychargeofGuangqianPowerPlant. |
Non-currentassetsscrapincome | 2,242,304 | ItismainlytheincomeofJinghaiCompany'sscrappedfixedassets. |
LossofNon-currentassetsscrapped | -5,145,026 | ItismainlythelossofscrappedfixedassetsofJinghaiCompany,ZhongyueEnergyandYuehuaCompany. |
Less:Amountofinfluenceofincometax | 13,059,777 | |
Influencedamountofminorshareholders’equity(aftertax) | 9,886,637 | |
Total | 23,870,669 |
Detailsofotherprofitandlossitemsthatmeetthenon-recurringprofitandlossdefinition
□Applicable√NotapplicableNoneFortheCompany’snon-recurringgain/lossitemsasdefinedintheExplanatoryAnnouncementNo.1oninformationdisclosureforCompaniesOfferingtheirSecuritiestothePublic-Non-recurringGainsandLossesanditsnon-recurringgain/lossitemsasillustratedintheExplanatoryAnnouncementNo.1oninformationDisclosureforCompaniesofferingtheirsecuritiestothepublic-non-recurringGainsandlosseswhichhavebeendefinedasrecurringgainsandlosses,itisnecessarytoexplainthereason.
√Applicable□Notapplicable
Items | Amountinvolved(RMB) | Reason |
Value-addedtaxwillberefundedimmediately | 19,790,415 | Complywithnationalpoliciesandregulations,andcontinuetooccur |
Carbonemissionquotausedtofulfilltheemissionreductionobligation | -8,000,000 | Complywithnationalpoliciesandregulations,andcontinuetooccur |
III.ManagementDiscussion&AnalysisⅠ.MainBusinesstheCompanyisEngagedinDuringtheReportPeriodTheCompanymainlyengagesintheinvestment,constructionandoperationmanagementofpowerprojects,andtheproductionandsalesofelectricpower.Itbelongstothepower,heatproductionandsupplyindustryclassifiedinthe“GuidelinesfortheIndustryClassificationofListedCompanies”bytheChinaSecuritiesRegulatoryCommission.Sinceitsfoundation,theCompanyhasalwaysadheredtothebusinesstenetof“Capitalfromthepeople,usingitforelectricity,andbenefitingthepublic”andadherestothebusinesspolicyof“Centeringonthemainbusinessofelectricity,withdiversifieddevelopment”,focusingonthemainbusinessofpowerandmakingthepowerstructuregodiversified.Inadditiontothedevelopment,constructionandoperationoflarge-scalecoal-firedpowerplants,italsohascleanenergyprojectssuchasLNGpowergeneration,windpowergenerationandhydropowergeneration,whichprovidesreliableandcleanenergytousersthroughthegridcompany.AsofJune30,2022,thecompanyhascontrollableinstalledcapacityof30.433millionkilowattsand71.68%,includingholdinginstalledcapacityof28.6852millionkilowattsandequityparticipationinstalledcapacityof1.7478millionkilowatts.Including:theholdinginstalledcapacityforcoal-firedpowergenerationof20.55millionkilowattsand71.64%;theholdinginstalledcapacityforgasandelectricityof5.932millionkilowattsand20.68%andrenewableenergygenerationlikewindpowerandhydropowerof2.2032millionkilowattsand7.68%.inaddition,TheentrustedinstalledcapacityoftheCompanyformanagementis
8.854millionkilowatts,accountingfor7.68%ofthetotal(including6.65millionkilowattsofthermalpowerand2.204millionkilowattsofhydropower).Theabovecontrollableinstalledcapacityandentrustedinstalledcapacityformanagementtotaled39.287millionkilowatts.Incomesourceisprimarilycontributedbypowerproductionandsales,andmainbusinessincomeisderivedfromGuangdongProvince.ThecompanyelectricitysalespriceissubjecttothebenchmarkpriceverifiedbythepriceauthorityperrelevantpoliciesbasedonNationalDevelopmentandReformCommission(NDRC)andtheelectricitytransactionpricethroughthemarkettradeimplementationperGuangdongElectricityMarketTradeBasicRulesandsupportingfiles.Inthereportingperiod,theelectricitysoldis46.349billionkilowatt-hours,adecreaseof6.46%YOY;averagepricestatedintheconsolidatedstatementsis542.74Yuan/thousandskilowatt-hours(taxincluded,thesamebelow),YOYriseof84.74Yuan/thousandskilowatt-hours,anincreaseof18.5%YOY;thetotaloperatingincomewasRMB22,611.24million,anincreaseofRMB2,017.20millionoranincreaseof9.8%YOY.SincetheCompany'smainbusinessisthermalpower,andthefuelcostaccountsforarelativelylargepartoftheoperatingcost,thefluctuationofcoalandnaturalgaspriceshasasignificantimpactontheCompany'soperatingperformance.Duringthereportingperiod,affectedbytheincreaseinpowergenerationandthecontinuousincreaseincoalprices,thecompany’sfuelcostswere18,183.28millionyuan,whichaccountedfor
78.72%ofthemainbusinesscosts;Affectedbythereboundinpowergenerationandtherisingcoalprice,thefuelcostforpowergenerationincreasedbyRMB3,152.92millionYOY,anincreaseof20.98%.Duringthereportingperiod,duetotheinfluenceofCOVID-19andweather,thedemandforsocialelectricityinGuangdongProvincedeclined,andtheCompany'son-gridpowerconsumptiondecreasedslightlyby6.46%yearonyear.Benefitingfromtherisingelectricityprice,theCompany'soperatingincomeincreasedslightly.However,duetothehighpriceofcoalandotherfuels,theCompany'ssubordinatethermalpowerplants
sufferedlargelosses.Inthefirsthalfof2022,thecompany'sthermalpowerbusinessachievednetprofitattributabletoitsparentof-1,959.68millionyuan,andthenewenergybusinessachievednetprofitattributabletoitsparentof322.77millionyuan,ayear-on-yearincreaseof39.49%.AlthoughtheprofitcontributionoftheCompany'snewenergypowerbusinessincreasedsignificantlyyearonyear,theproportionofsuchbusinesswasrelativelysmall,whichmadeitdifficulttomakeupforthelossoftheCompany'sthermalpowerbusiness,resultinginasharpdeclineinthegrossprofitmarginoftheCompany'smainbusinessandthenetprofitattributabletoitsparentcompany.Thenetprofitattributabletoitsparentcompanywas-RMB1,375.74million,withayear-on-yeardecreaseof521.19%.TheCompanyshallcomplywiththedisclosurerequirementsof"powersupplyindustries"intheGuidelineNo.3forSelf-regulationofListedCompaniesofShenzhenStockExchange-IndustryInformationDisclosureTheCompany'snewenergydevelopmentisbasedinGuangdong,facingthewholecountry,showingthe"4+N"regionallayoutwithGuangdong,Xinjiang,QinghaiandGuizhouprovincesaskeydevelopmentandotherdomesticregionsasactiveexpansion.Bytheendofthereportingperiod,theCompanyhadputintoproduction21newenergyprojectswithaholdinginstalledcapacityof1,970,400kilowatts;Ithas14newenergyprojectsunderconstruction,including1.04millionkilowattsofwindpowerand1.006millionkilowattsofphotovoltaicpower,withatotalholdinginstalledcapacityof2.046millionkilowatts.DuringtheTenthFive-YearPlanperiod,theCompanywillactivelygraspthedevelopmenttrendofacceleratingenergytransformationunderthegoalof"emissionpeak"and"carbonneutrality",implementthestrategyof"1+2+3+X",activelyexpandtheresourcesofnewenergyprojectsthroughself-constructionandacquisition,fullypromotetheleap-forwarddevelopmentofnewenergy,andbuildanecologicalandcivilizedpowerenterprise.
1.AsofJune30,2022,theholdingnewenergypowergenerationprojectsthattheCompanyhasputintoproductionareasfollows:
Projecttype | Projectname | Installedcapacity(10,000kilowatts) | Shareholdingratio |
WindPower | ZhanjiangXuwenYangqian | 4.95 | 70% |
WindPower | ZhanjiangXuwenYongshi | 4.95 | 70% |
WindPower | JieyangHuilaiShibeishan | 10.0 | 70% |
WindPower | JieyangHuilaiHaiwanshi | 1.4 | 90% |
WindPower | MaomingDianbaiReshui | 4.95 | 100% |
WindPower | ZhanjiangLeizhouHongxinlou | 4.95 | 94% |
WindPower | ZhanjiangXuwenShibanling | 4.95 | 100% |
WindPower | ZhanjiangXuwenQujie | 4.95 | 100% |
WindPower | WailluoOffshorewindpower | 19.8 | 100% |
WindPower | XuwenWutushanWindPower | 4.95 | 51% |
WindPower | XuwenDengjiaoWindPower | 4.95 | 51% |
WindPower | PingyuanMaoping | 4.8 | 100% |
WindPower | ZhuhaiJinwanOffshorewindpower | 30 | 74.49% |
WindPower | ZhangjiangXuwenWailuoIIOffshorewindpower | 20 | 100% |
WindPower | ZhanjiangXuwenWailuoOffshorewindpower | 20.35 | 100% |
WindPower | YangjiangShapaoffshoreWind | 30 | 91.41% |
power | |||
WindPower | GuangxiWuxuan | 5 | 100% |
WindPower | HunanXupuTaiyangshan | 5 | 100% |
WindPower | HunanTongdaoDagaoshan | 5 | 100% |
WindPower | ShanweiPowerPlantDecentralizedWindPower | 1.08 | 65% |
WindPower | NanxiongZhuanVillage | 4.99 | 100% |
Total | 197.04 |
2.AsofJune30,2022,thenewenergyprojectunderconstructionbytheCompanyareasfollows:
Projecttype | Projectname | Installedcapacity(10,000kilowatts) | Shareholdingratio |
WindPower | PingyuanSishui | 4 | 100% |
WindPower | YangjiangQingzhouI | 40 | 100% |
WindPower | YangjiangQingzhouII | 60 | 100% |
Photovoltaic | ZhanjiangPotouQiantang | 10 | 100% |
Photovoltaic | ZhangjianPotou | 12 | 90% |
Photovoltaic | XinjiangHanhaiPhotovoltaicproject | 40 | 100% |
Photovoltaic | MujingXipoPhotovoltaicproject | 10 | 100% |
Photovoltaic | MuhongXipuPhotovoltaicproject | 10 | 100% |
Photovoltaic | XinhuiPhotovoltaicproject | 0.92 | 100% |
Photovoltaic | DapuPhotovoltaicproject | 0.18 | 100% |
Photovoltaic | YunheBojiaPhotovoltaicproject | 0.12 | 100% |
Photovoltaic | JinxiuRooftopPhotovoltaicprojectI | 0.339 | 100% |
Photovoltaic | MeizhouWuhuaHuangnizhaiProject | 7 | 100% |
Photovoltaic | ShanxiHongdongProject | 10 | 100% |
Total | 204.6 |
II.AnalysisOncoreCompetitiveness
1.ThelargestlistedcompanyofpowerinGuangdongTheCompany'smainpowergenerationassetsarelocatedinGuangdongProvince,withatotalassetsizeofmorethan117.473billion.ItisthelargestlistedcompanyofpowerinGuangdongProvince.Itistheonlylistedcompanywithover100billionassetscontrolledbystate-ownedholdingsinGuangdongprovince.AsofJune30,2022,Thecompany'scontrollableinstalledcapacityandentrustedmanagedinstalledcapacitytotaled39.287millionkilowatts,accountingfor24%ofthetotalinstalledcapacityofGuangdongProvince.
2.StrongbackgroundandresourceadvantagesGuangdongEnergyGroup,thecontrollingshareholderofthecompany,asaprovincialkeyenergyenterprise,hasbeenactivelysupportinglistedcompaniestobecomebetterandstrongerbyusingtheadvantagesofitsresources,technologyandassetscale.AstheonlylistedcompanyandmainforceofGuangdongEnergyGroup,thecompanyhasalwaysbeensubordinatedtoservingtheoverallsituationofthereformanddevelopmentofGuangdongProvinceandGuangdongYudeanGroup.Ithasdeeplycultivatedthemainpowerindustry,activelyplayedthevaluediscoveryfunctionandresourceallocationfunctionofthecapitalmarket,andassistedthereformanddevelopmentofGuangdongProvince'senergyresources.
3.ComprehensiveadvantagesofmainbusinessGuidedbythenationalenergydevelopmentstrategy,theCompanyisimplementingthe"1+2+3+X"strategy-to
buildafirst-classgreenandlow-carbonpowerlistedcompany,coordinatesafetyanddevelopment,optimizeandstrengthencoal,gasandbiomasspowergenerationservices,andvigorouslydevelopnewenergy,energystorage,hydrogenenergyandlandparkdevelopment.TheCompanyhasabundantprojectreservesandbroaddevelopmentprospects;Withclearmainbusiness,reasonablestructure,outstandingindustrialpositionandmarketshare,ithasstrongcomprehensivestrengthandbroaddevelopmentprospects.
4.CompetitiveadvantageinelectricitymarketThecompany'sgeneratorsethashighparameters,largecapacity,highoperationefficiency,lowcoalconsumption,stableoperation,superiorenvironmentalprotectionperformanceandstrongmarketcompetitiveadvantage.Inthefirsthalfof2021,thecompanycompletedatotalof46.349billionkilowatt-hoursofelectricityinthemarket,andthescaleofelectricitysalescontinuedtorankfirstintheprovince,withelectricitysalespricessuperiortotheprovince'saverage.Thecompanygivesfullplaytoitsthreeadvantagesofscale,brandandservice.Withitsmarketingservicenetworkallovertheprovinceanditstechnicalaccumulationandcomprehensiveresourcesinthepowerindustry,thecompanyprovidesauxiliaryvalue-addedservicessuchaspeakregulation,frequencymodulationandbackupforthepowergrid,andprovideshigh-qualityvalue-addedservicessuchascomprehensiveenergysavingandpowerconsumptionconsultationforusers,thusrealizingthetransformationfromapowergenerationenterprisetoanenergycomprehensiveserviceenterprise.
5.AdvantageoffinancialresourcesTheCompany'stotalassetsreach100billion,andthecashflowofitsstockbusinessisabundant,whichprovidesagoodsupportfortheCompany'ssustainabledevelopment.TheCompanyhasagoodasset-liabilityratioandrichfinancingchannels,anditcanmakefulluseofinternalandexternalfinancialresources,thusprovidingastrongfinancialguaranteeforitsproductionandoperation,keyprojectconstructionandtherapiddevelopmentofnewenergyindustry.
6.RegionaldevelopmentadvantagesAsthemainenergysourceinGuangdongProvince,thecompanyshoulderstheimportanttaskofhelpingGuangdongProvincetobuildaclean,low-carbon,safeandefficientmodernenergysystem.ThecompanywillactivelyintegrateintotheconstructionofGuangdong-HongKong-MacaoGreaterBayArea,Shenzhen'sadvanceddemonstrationzoneandthedevelopmentofGuangdong's"onecore,onebeltandonearea".Itwillsteadilypushforwardtheconstructionofkeyenergyprojectsandthedevelopmentofnewenergyresourcesintheprovinceandactivelyseektoexpandintoregionswithbetterresourceconditionsandhigherpowerdemand,Helpthe"30·60"targettobeimplemented.III.MainbusinessanalysisFoundmorein”I.MainbusinessesoftheCompanyinthereportingperiod”Changesinthefinancialdata
InRMB
Thisreportperiod | Sameperiodlastyear | YOYchange(%) | Causechange | |
Operatingincome | 22,611,239,733 | 20,594,038,804 | 9.80% | |
Operatingcost | 23,114,184,606 | 19,228,178,330 | 20.21% | |
Saleexpenses | 30,460,050 | 35,594,988 | -14.43% | |
Administrativeexpenses | 477,955,874 | 413,435,343 | 15.61% | |
Financialexpenses | 1,081,057,844 | 624,202,906 | 73.19% | Itismainlyduetothelargedemandfornewenergydevelopmentfunds,andtheimpactofhighcoalpricesoncashflow,causingincreaseoftheCompany'sexternalfinancing. |
Incometaxexpenses | -146,480,556 | 160,600,093 | -191.21% | Itismainlyduetotheyear-on-yearlossoftheCompany,theyear-on-yeardecreaseinincometaxexpensesinthefirsthalfoftheyear,andtherecognitionofdeferredincometaxassetsbysomepowerplants. |
R&DInvestment | 754,240,473 | 124,873,808 | 504% | ItismainlybecausethattheaffiliatedpowerplantsoftheCompanyincreaseR&Dinvestment,andmeanwhilestrengthenthecollectionandmanagementofR&Dexpenses,causingsubstantialincreaseoftheR&Dexpensesyearonyear. |
Cashflowgeneratedbybusinessoperation,net | -208,358,510 | 3,786,846,816 | -105.50% | Itismainlybecauseoftheobviousincreaseofcapitalexpenditurerelatedtocoalpurchaseduetohighcoalprice. |
Netcashflowgeneratedbyinvestment | -2,908,067,376 | -4,246,922,377 | -31.53% | ItismainlybecauseBoheCompanyreceivedtheterminaldisposalpaymentthisyear,resultinginalargeyear-on-yearincreaseinthenetcashrecoveredfromthedisposaloffixedassets,intangibleassetsandotherlong-termassets. |
Netcashflowgeneratedbyfinancing | 5,861,027,285 | 578,363,307 | 913.38% | Itismainlyduetothelargedemandfornewenergydevelopmentfunds,andtheimpactofhighcoalpricesoncashflow,causingincreaseoftheCompany'sexternalfinancing. |
Netincreasingofcashandcashequivalents | 2,744,601,884 | 118,287,624 | 2,220.28% | Affectedbyabovethreereasons.. |
MajorchangestotheprofitstructureorsourcesoftheCompanyinthereportingperiod
□Applicable√NotapplicableTheprofitcompositionorsourcesoftheCompanyhaveremainedlargelyunchangedduringthereportperiod.ComponentofBusinessIncome
InRMB
Thisreportperiod | Sameperiodlastyear | Increase/decrease | |||
Amount | Proportion | Amount | Proportion | ||
Totaloperatingrevenue | 22,611,239,733 | 100% | 20,594,038,804 | 100% | 9.80% |
OnIndustry | |||||
Electricpower,Steamsalesandlaborincome | 22,423,023,603 | 99.17% | 20,336,788,241 | 98.75% | 10.26% |
Other | 188,216,130 | 0.83% | 257,250,563 | 1.25% | -26.84% |
Onproducts | |||||
SalesElectricPower | 22,263,672,844 | 98.46% | 20,226,322,357 | 98.21% | 10.07% |
Flyashsales | 171,920,045 | 0.76% | 241,216,389 | 1.17% | -28.73% |
Thermalsales | 102,972,035 | 0.46% | 71,811,712 | 0.35% | 43.39% |
Other | 72,674,809 | 0.32% | 54,688,346 | 0.27% | 32.89% |
Area | |||||
Guangdong | 22,117,126,665 | 97.81% | 20,568,341,641 | 99.88% | 7.53% |
Xinjiang | 400,459,803 | 1.77% | 0 | 0% | 0% |
Hunan | 39,790,974 | 0.18% | 0 | 0% | 0% |
Yunnan | 29,159,946 | 0.13% | 25,697,163 | 0.12% | 13.48% |
Guangxi | 24,702,345 | 0.11% | 0 | 0% | 0% |
(2)SituationofIndustry,ProductandDistrictOccupyingtheCompany’sBusinessIncomeandOperatingProfitwithProfitover10%
√Applicable□Notapplicable
InRMB
Turnover | Operationcost | Grossprofitrate(%) | Increase/decreaseofrevenueinthesameperiodofthepreviousyear(%) | Increase/decreaseofbusinesscostoverthesameperiodofpreviousyear(%) | Increase/decreaseofgrossprofitrateoverthesameperiodofthepreviousyear(%) | |
OnIndustry | ||||||
Electricpower,Steamsalesandlaborincome | 22,423,023,603 | 23,089,561,766 | -2.97% | 10.26% | 20.13% | -8.38% |
OnProducts | ||||||
SalesElectricPower | 22,263,672,844 | 22,945,031,969 | -3.06% | 10.17% | 20.14% | -8.64% |
Including: | ||||||
FirecoalGenerationPower | 17,169,530,056 | 18,730,511,707 | -9.09% | 12.63% | 25.45% | -11.15% |
GasGenerationPower | 3,461,327,463 | 3,436,132,473 | 0.73% | -16.60% | -7.74% | -9.53% |
WindGenerationPower | 1,394,395,581 | 572,124,201 | 58.97% | 145.85% | 147.64% | -0.30% |
BoomassGenerationPower | 209,260,940 | 177,800,516 | 15.03% | -12.34% | -2.97% | -8.21% |
HydroelectricGeneration | 29,158,804 | 28,463,072 | 2.39% | 13.56% | -2.23% | 15.76% |
Area | ||||||
Guangdong | 22,117,126,665 | 22,594,635,431 | -2.16% | 7.53% | 10.10% | -2.38% |
Undercircumstancesofadjustmentinreportingperiodforstatisticscopeofmainbusinessdata,adjustedmainbusinessbasedonlatestonyear’sscopeofperiod-end.
□Applicable√NotapplicableExplanationforayear-on–yearchangeofover30%
√Applicable□NotapplicableAsthesecond-phasewindpowerprojectsofYangjiang,Zhuhai,Pingyuan,XinliaoandWailuowerecompletedandputintooperation,theelectricitysalesincomeandcostofwindpowerbusinessincreasedyearonyear.IV.AnalysisofNon-coreBusiness
□Applicable√NotapplicableV.Analysisofassetsandliabilities
1.Significantchangesinassetcomposition
InRMB
EndofReportingperiod | Endofsameperiodoflastyear | Changeinpercentage(%) | Reasonforsignificantchange | ||
Amount | Asapercentageoftotalassets(%) | Amount | Asapercentageoftotal |
assets(%) | |||||
Monetaryfund | 10,854,693,285 | 9.24% | 8,105,320,953 | 7.08% | 2.16% |
Accountsreceivable | 7,068,283,704 | 6.02% | 7,030,685,357 | 6.14% | -0.12% |
Contractassets | 1,044,260 | 0% | 4,754,820 | 0% | 0% |
Inventories | 3,135,765,795 | 2.67% | 2,998,894,539 | 2.62% | 0.05% |
RealestateInvestment | 374,128,161 | 0.32% | 378,796,932 | 0.33% | -0.01% |
Long-termequityinvestment | 8,426,522,587 | 7.17% | 8,072,208,350 | 7.05% | 0.12% |
Fixedassets | 60,916,046,309 | 51.86% | 57,145,099,423 | 49.91% | 1.95% |
Constructioninprocess | 5,744,786,187 | 4.89% | 8,710,691,765 | 7.61% | -2.72% |
Usagerightassets | 5,172,621,990 | 4.40% | 5,256,124,979 | 4.59% | -0.19% |
Short-termloans | 15,702,140,981 | 13.37% | 12,360,296,429 | 10.80% | 2.57% |
Contractliabilities | 17,160,884 | 0.01% | 5,864,811 | 0.01% | 0% |
Long-termloans | 31,647,408,640 | 26.94% | 28,940,577,856 | 25.28% | 1.66% |
Leaseliabilities | 5,038,032,075 | 4.29% | 4,728,167,142 | 4.13% | 0.16% |
2.Mainassetsoverseas
□Applicable√Notapplicable
3.AssetandLiabilitiesMeasuredbyFairValue
√Applicable□Notapplicable
InRMB
Items | Openingamount | Gain/Lossonfairvaluechangeinthereportingperiod | Cumulativefairvaluechangerecordedintoequity | Impairmentprovisionsinthereportingperiod | Purchasedamountinthereportingperiod | Soldamountinthereportingperiod | Closingmount | Endofterm |
Financialassets | ||||||||
1.Otherequityinstrumentinvestments | 3,232,028,682 | -125,090,302 | 2,166,775,764 | 2,000,000 | 3,108,938,380 | |||
Subtotal | 3,232,028,682 | -125,090,302 | 2,166,775,764 | 2,000,000 | 3,108,938,380 | |||
Total | 3,232,028,682 | -125,090,302 | 2,166,775,764 | 2,000,000 | 3,108,938,380 | |||
FinancialLiability | 0 | 0 |
OtherchangeOnMay31,2022,theCompanyinvestedintheestablishmentofXinjiangYuejianengNewEnergyEquipmentCo.,Ltd.andheld10%equity,whichdidnothaveasignificantimpactonXinjiangYuejianengNewEnergyEquipmentCo.,Ltd.,soitwascountedasotherequityinstruments.Didgreatchangetakeplaceinmeasurementoftheprincipalassetsinthereportingperiod?
□Yes√No
4.RestrictedassetrightsasoftheendofthisReportingPeriodOnJune30,2022,individualsubsidiariesoftheGrouppledgedtherighttoimposeelectricitychargestobankstoobtainlong-termloansofRMB6,003,749,532,ofwhich:thebalanceoflong-termloansduewithinoneyearwas
371,037,089yuan(asofDecember31,2021:6,002,119,898yuan).including:thelong-termborrowingsduewithinoneyearamountedtoRMB386,056,214.
VI.Investmentsituation
1.General
√Applicable□Notapplicable
Investmentoftheperiod | Investmentofsameperiodoflastyear | Scaleofchange |
447,571,800 | 1,254,358,100 | -64.32% |
2.ConditionofAcquiringSignificantShareRightInvestmentduringtheReportPeriod
√Applicable□Notapplicable
InRMB
NameoftheCompanyInvested | MainBusiness | InvestmentWay | InvestmentAmount | ShareProportion% | CapitalSource | Partner | InvestmentHorizon | ProductType | ProgressuptoBalanceSheetDate | AnticipatedIncome | GainorLessortheCurrentInvestment | WhethertoInvolveinLawsuit | DateofDisclosure(ifany) | DisclosureIndex(ifany) |
TumushukeYudeanHanhaiNewEnergyCo.,Ltd. | solarpowergeneration | Newestablishment | 276,050,000 | 100% | Selffunds | No | Long-term | ElectricPower | Innormaloperation | -71,600 | No | March26,2022 | AnnouncementNo.:2022-11.PublishedinChinaSecuritiesDaily,SecuritiesTimesandhttp//.www.cninfo.com.cn | |
GuangdongWindPoerGenerationCo.,Ltd. | WindPoerGeneration | Capitalincrease | 110,000,000 | 100% | Selffunds | No | Long-term | ElectricPower | Innormaloperation | 322,770,621 | No | November9,2021 | AnnouncementNo.:2021-78.PublishedinChinaSecuritiesDaily,SecuritiesTimesandhttp//.www.cninfo.com.cn | |
GuangdongYudeanDananhaiIntelligenceEnergyCo.,Ltd. | NaturalGasGeneration | Capitalincrease | 25,900,000 | 100% | Selffunds | No | Long-term | ElectricPower | Innormaloperation | -726,895 | No | April22,2022 | AnnouncementNo.:2022-16)PublishedinChinaSecuritiesDaily,SecuritiesTimesandhttp//.www.cninfo.com.cn | |
GuangdongYudeanQimingEnergyCo.,Ltd. | NaturalGasGeneration | Capitalincrease | 12,000,000 | 100% | Selffunds | No | Long-term | ElectricPower | Innormaloperation | -7,239,523 | No | November29,2019 | AnnouncementNo.:2010-58.PublishedinChinaSecuritiesDaily,SecuritiesTimesandhttp//.www.cninfo.com.cn | |
GuangdongYudeanDapuPowerGenerationCo.,Ltd. | ThermalpowerGeneration | Capitalincrease | 10,000,000 | 100% | Selffunds | No | Long-term | ElectricPower | Innormaloperation | -224,818,186 | No | October13,2020 | AnnouncementNo.:2020-52.PublishedinChinaSecuritiesDaily,SecuritiesTimesandhttp//.www.cninfo.com.cn | |
GuangdongYudeanBinhaiwanEnergyCo.,Ltd. | NaturalGasGeneration | Capitalincrease | 9,000,000 | 100% | Selffunds | No | Long-term | ElectricPower | Innormaloperation | -9,974,561 | No | April11,2020 | AnnouncementNo.:2020-13.PublishedinChinaSecuritiesDaily,SecuritiesTimesandhttp//.www.cninfo.com.cn | |
YudeanJinxiuEnergyCo.,Ltd. | solarpowergeneratio | Capitalincrea | 2,621,800 | 90% | Selffunds | JinxiuJinhengNew | Long-term | ElectricPower | Innormaloperatio | 0 | No | Notapplicable | Notapplicable |
n | se | EnergyTechnologyCo.,Ltd. | n | |||||||||||
GuangdongShaoguanYudeanNewEnergyCo.,Ltd. | solarpowergeneration | Newestablishment | 2,000,000 | 100% | Selffunds | No | Long-term | ElectricPower | Innormaloperation | 1,339 | No | Notapplicable | Notapplicable | |
Total | -- | -- | 447,571,800 | -- | -- | -- | -- | -- | -- | 0 | 79,941,195 | -- | -- | -- |
3.SituationoftheSignificantNon-equityInvestmentUndergoingintheReportPeriod
□Applicable√Notapplicable
4.InvestmentofFinancialAsset
(1)Securitiesinvestment
√Applicable□Notapplicable
InRMB
Securitycategory | Securitycode | StockAbbreviation: | Initialinvestmentcost | Modeofaccountingmeasurement | Bookvaluebalanceatthebeginningofthereportingperiod | Changesinfairvalueofthethisperiod | Cumulativefairvaluechangesinequity | Purchaseamountinthethisperiod | Saleamountinthethisperiod | Gain/lossofthereportingperiod | Bookvaluebalanceattheendofthereportingperiod | Accountingitems | Sourceoftheshares |
Domesticandforeignstocks | 000027 | ShenzhenEnergy | 15,890,628 | FVM | 122,472,000 | -25,552,800 | 81,028,572 | 96,919,200 | OtherequityinstrumentInvestment | Selffunds | |||
Domesticandforeignstocks | 600642 | Shenergy | 235,837,988 | FVM | 409,272,682 | -93,849,502 | 79,585,192 | 315,423,180 | OtherequityinstrumentInvestment | Selffunds | |||
Domesticandforeign | 831039 | NEEQ | 3,600,000 | FVM | 15,984,000 | -5,688,000 | 6,696,000 | 10,296,000 | Otherequity | Selffunds |
(2)InvestmentinDerivatives
□Applicable√NotapplicableTheCompanyhadnoinvestmentinderivativesinthereportingperiod.
5.Applicationoftheraisedcapital
□Applicable√NotapplicableTheCompanyhadnoapplicationoftheraisedcapitalinthereportingperiod.VII.Salesofmajorassetsandequity
1.Salesofmajorassets
□Applicable√NotapplicableTheCompanyhadnosalesofmajorassetsinthereportingperiod.
2.Salesofmajorequity
□Applicable√Notapplicable
stocks | instrumentInvestment | |||||||||||
Total | 255,328,616 | -- | 547,728,682 | -125,090,302 | 167,309,764 | 0 | 0 | 0 | 422,638,380 | -- | -- | |
DisclosuredateforthenoticeofapprovalbytheBoard(Ifany) | October31,2019 |
VIII.AnalysisoftheMainShareHoldingCompaniesandShareParticipatingCompanies
√Applicable□NotapplicableSituationofMainSubsidiariesandtheJoint-stockCompanywithover10%netprofitinfluencingtotheCompany
InRMB
Companyname | Type | Mainbusiness | Registeredcapital | Totalassets | Netassets | Turnover | Operatingprofit | NetProfit |
GuangdongWindPowerGenerationCo.,Ltd. | Subsidiary | Powergenerationandpowerstationconstruction. | 3,623,202,870 | 31,130,054,654 | 7,396,821,131 | 1,394,395,581 | 377,393,582 | 359,686,605 |
GuangdongYudeanJinghaiPowerGenerationCo.,Ltd. | Subsidiary | Powergenerationandpowerstationconstruction. | 2,919,272,000 | 8,097,329,142 | 2,802,934,584 | 2,964,790,103 | -240,897,944 | -179,991,581 |
GuangdongHuizhouNaturalgasPowerGenerationCo.,Ltd. | Subsidiary | Powergenerationandpowerstationconstruction. | 1,499,347,500 | 3,409,179,604 | 1,910,312,113 | 1,414,352,530 | 14,606,695 | 11,075,874 |
ShenzhenGuangqianElectricPowerCo.,Ltd. | Subsidiary | Powergenerationandpowerstationconstruction. | 1,030,292,500 | 2,016,331,469 | 1,811,350,341 | 779,138,067 | 232,284,582 | 174,741,317 |
GuangdongHuizhouPinghaiPowerGenerationPlantCo.,Ltd. | Subsidiary | Powergenerationandpowerstationconstruction. | 1,370,000,000 | 4,678,430,065 | 1,796,987,389 | 2,432,384,327 | -83,773,800 | -94,006,025 |
GuangdongElectricPowerIndustryFuelCo.,Ltd. | SharingCompany | FuelTrade | 1,190,000,000 | 11,357,046,528 | 1,751,925,945 | 17,314,930,225 | 66,759,505 | 74,147,449 |
GuangdongGuohuaYudeanTaishanPowerGenerationCo.,Ltd. | SharingCompany | Powergenerationandpowerstationconstruction. | 4,669,500,000 | 12,059,573,056 | 9,195,852,320 | 5,220,268,344 | 424,647,161 | 318,537,101 |
ShanxiYudeanEnergyCo.,Ltd. | SharingCompany | Miningandpowergeneration | 1,000,000,000 | 8,479,231,085 | 6,674,976,496 | 72,490,741 | 696,802,990 | 696,793,898 |
GuangdongYudeanShippingCo.,Ltd. | SharingCompany | Transportationandportoperation | 2,465,800,000 | 2,018,500,961 | 731,751,168 | 661,785,270 | -4,341,757 | 16,813,118 |
GuangdongEnergyGroupFinanceCo.,Ltd. | SharingCompany | Finance | 3,000,000,000 | 25,555,386,786 | 4,028,724,301 | 377,919,901 | 256,911,522 | 203,699,560 |
AcquirementanddisposalofsubsidiariesintheReportingperiod
√Applicable□Notapplicable
Companyname | Wayofacquiringanddisposingofsubsidiarycorporationswithinthereportingperiod | Impactonthewholeproducingoperationandperformance |
TumushukeYudeanHanhaiNewEnergyCo.,Ltd. | Invested | Duringthereportingperiod,HanhaiNewEnergyProjectprogressednormally. |
YudeanJinxiuIntegratedEnergyCo.,Ltd. | Invested | Duringthereportingperiod,JinxiuComprehensiveEnergyProjectwasinthepreliminarystage,andtheconstructionwasnotcommenced. |
GuangdongShaoguanYudeanNewEnergyCo.,Ltd. | Invested | Duringthereportingperiod,ShaoguanNewEnergyProjectwasinthepreliminarystage,andtheconstructionwasnotcommenced. |
Note
1.Duringthereportingperiod,duetothehighpriceofcoalandgas,thecostofpowergenerationincreasedsubstantially,andtheCompany'sthermalpowerbusinesssufferedalosscomparedwiththesameperiodoflastyear;
2.Asthesecond-phasewindpowerprojectsofYangjiang,Zhuhai,Pingyuan,XinliaoandWailuowerecompletedandputintooperation,theprofitofwindpowerbusinessincreasedyearonyear;
3.Ascoalpricescontinuetorise,theoperatingperformanceofShanxiEnergyandotherassociatedcompaniesisimproving,andtheCompany'sinvestmentincomehasincreasedsubstantiallyyearonyear.IX.StructuredvehiclecontrolledbytheCompany
□Applicable√NotapplicableX.RisksfacingtheCompanyandcountermeasures
1.WorksafetyriskAsextremeweathereventsarebecomingincreasinglyfrequent,whichcausescertainadverseeffectstothenormalproductionandoperationofenterprises,theCompanyneedstofurtherstrengthenthepreventionofnaturaldisasters;somethermalpowerunitsintheCompanyhavebeenrunningforalongtime,withproblemssuchasdeclineofefficiencylevel,agingofequipment,anddeclineofoperationsafetyandreliability,andsomecontractorshaveinsufficientsafetyawarenessandinadequatesafetymanagement.Countermeasures:First,paycloseattentiontorainandflood,andwellensurefloodcontrolandtyphoonprevention;Second,strengthenequipmentmaintenanceandoperationmanagement,earnestlycarryoutoverhaul&maintenance,operationmanagementandtechnicalsupervision,improvetheequipmentmanagementsystem,wellensureeliminationofequipmentdefects,andimprovethereliabilityofunitequipment;Third,strictlymanagecontractors,wellcontrolthe"access",resolutelyputanendtoillegitimatesubcontractingandillegalsubcontracting,encourageappraisalactivitiestorewardoutstandingcontractors,strengthenthesafetyeducationandtrainingofcontractors,andcontinuouslyimprovethesafetymanagementofcontractors.
2.FuelcostriskIn2022,thedomesticcoalproductioncapacitycontinuestobereleasedunderthepolicyofensuringsupplyandstabilizingprices,butthedomesticcoalfundamentalsstillshowstightsupplyandincreaseddemand,andcoalpricesremainatahighlevel.Meanwhile,asthegeopoliticalgameintheinternationalenergymarketintensifies,theglobalcoalsupplyexpectationisuncertain,andtheuncertaintyofthefuturetrendofoverseascoalpricesincreases.ThecostofcoalaccountsforalargeproportionoftheCompany'smainbusinesscost,andthefluctuationofcoalpricehasasignificantimpactontheCompany'soperatingperformance.Ifthecoalpriceremainshigh,theCompany'soperatingefficiencywillcontinuetobeunderseriouspressure.
Countermeasures:First,optimizefuelprocurement,andreducecoststhrough"preciseinventory"strategy,increasingeconomiccoalblending,optimizingunitenergyconsumption,etc.;Second,improvethemarketoperationlevelandincreasegenerationofefficientelectricity;Third,activelystriveforfullimplementationofnationalregulatorypolicies,andimprovetheperformancerateoflong-termcooperativecontracts;Fourth,increasebudgetcontrolandstrengthenothercostmanagement.
3.AdjustmentriskofpowersupplystructureUnderthebackgroundof"30?60"goalofemissionpeakandcarbonneutrality,thecentralgovernmenthasclearlybuiltanewpowersystemwithnewenergyasthemainstay,toacceleratethetransformationofChina'senergyproductionandconsumptiontogreenandlow-carbon,andincreasetheinstalledcapacityandpowergrowthofwindpower,photovoltaicpowerandothernewenergy,whichwillfurtherdecreasethelivingspaceofcoal-firedgeneratingunits.Atpresent,theCompany'scoal-firedpowerbusinessaccountsforarelativelyhighproportion,andthetransformationpressureofcleanandlow-carbonpowersupplyishigh.Countermeasures:First,theCompanywillactivelyincreaseinvestmentinnewenergyprojectsandacceleratetheprogressofnewenergyprojectsaccordingtothenationaldouble-carbongoalandtherelevantrequirementsofnewenergydevelopmentplanning.Second,continuetoincreaseinvestmentanddevelopmentofcleanenergyandprojectreserves,steadilyandorderlypromotetheconstructionofDayawanComprehensiveEnergyStation,ZhaoqingYonganNaturalGasThermalPowerProject,YunfuNaturalGasCogenerationProjectandYangjiangQingzhouOffshoreWindPowerProject,activelyexplorenewenergydevelopmentspaceinotherprovincesandregionsinChina,increasenewenergydevelopmenteffortsinXinjiang,Guizhou,Hebei,Qinghai,Guangxiandotherregions,andenrichthereservesofnewenergyprojects.Third,deeplyexplorethedistributedenergysupplyofcold,heat,electricityandgas,aswellastheinfrastructureconstructionsuchaselectricityexchange,chargingpilesandenergystorageaswellasthedevelopmentandutilizationofhydrogenenergy.Fourthly,continuouslyoptimizethemanagementofcarbonassets,makefulluseofinternalandexternalresources,utilizetheadvantagesofgroupoperations,strengthenthemanagementofcarbonemissiondataandmanagementofcarbonassetoperation,enhanceinternalcoordination,promoteenergyconservationandcarbonreduction,andrealizetheincrementandprofitofcarbonassets.
IV.CorporateGovernanceI.AnnualGeneralMeetingandProvisionalShareholders’MeetingsintheReportingPeriod
1.AnnualGeneralMeeting
Meeting | Type | Investorparticipationratio | Conveneddate | Disclosuredate | Indextodisclosedinformation |
FirstProvisionalShareholders’generalmeetingof2022 | ProvisionalShareholders’generalmeeting | 78.75% | February22,2022 | February23,2022 | AnnouncementNo.:2022-10).PublishedinChinaSecuritiesDaily,SecuritiesTimesandhttp//.www.cninfo.com.cn |
2021Shareholders’generalmeeting | AnnualShareholders’GeneralMeeting | 72.68% | May20,2022 | May21,2022 | AnnouncementNo.:2022-29)..PublishedinChinaSecuritiesDaily,SecuritiesTimesandhttp//.www.cninfo.com.cn |
2.PreferredstockholdersrestoredvotingrightstorequesttoconveneProvisionalShareholders’Meeting.
□Applicable√NotapplicableII.Changesindirectors,supervisorsandseniormanagementstaffs
√Applicable□Notapplicable
Name | Positions | Types | Date | Reason |
LiXiaoqing | Director | Elected | May20,2022 | Electedasthedirectorofthetenthboardofdirectorsofthecompanybythecompany's2021annualgeneralmeeting |
III.Pre-planforprofitallocationandturningcapitalreserveintosharecapitalforthereportingperiod
□Applicable√NotapplicableTheCompanyplannednottodistributecashdividendandbonusshare,andnottoconvertcapitalreservesintosharecapitalinhalfyear.IV.Implementationofanyequityincentiveplan,employeestockownershipplanorotherincentivemeasuresforemployees
□Applicable√NotapplicableNone.
V.Environmental&SocialResponsibilityI.SignificantenvironmentalissuesWhethertheCompanyoranyofitssubsidiariesisidentifiedasakeypolluterbytheenvironmentauthorities
√Yes□No
Companyorsubsidiaryname | Mainpollutantandspecificpollutantname | Emissionway | Emissionportnumber | Emissionportdistributioncondition | Emissionconcentration(mg/Nm3) | Implementedpollutantemissionstandards | Totalemission(Tons) | Verifiedtotalemission(Tons) | Excessiveemissioncondition |
ShajaoAPowerPlant | Smoke | Concentratedemissionthroughchimney | 1 | Withinthefactory | 1.12 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 6.92 | 6.92 | No |
ShajaoAPowerPlant | SO2 | Concentratedemissionthroughchimney | 1 | Withinthefactory | 15.97 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 98.33 | 98.33 | No |
ShajaoAPowerPlant | NOX | Concentratedemissionthroughchimney | 1 | Withinthefactory | 29.89 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 184.01 | 184.01 | No |
GuangdongYudeanBoheEnergyCo.,Ltd. | Smoke | Concentratedemissionthroughchimney | 2 | Withinthefactory | 1.78 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 16.29 | 72 | No |
GuangdongYudeanBoheEnergyCo.,Ltd. | SO2 | Concentratedemissionthroughchimney | 2 | Withinthefactory | 13.89 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 127.27 | 974 | No |
GuangdongYudeanBoheEnergyCo.,Ltd. | NOX | Concentratedemissionthroughchimney | 2 | Withinthefactory | 37.45 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 351.28 | 1195 | No |
GuangdongYudeanDapuPowerPlant | Smoke | Concentratedemissionthroughchimney | 2 | Withinthefactory | 2 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 20.73 | 593 | No |
GuangdongYudeanDapuPowerPlant | SO2 | Concentratedemissionthroughchimney | 2 | Withinthefactory | 13.63 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 141.39 | 1447 | No |
GuangdongYudeanDapuPowerPlant | NOX | Concentratedemissionthroughchimney | 2 | Withinthefactory | 38.73 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 401.82 | 1502 | No |
GuangdongRedBayPowerGeneralCo.,ltd. | Smoke | Concentratedemissionthroughchimney | 4 | Withinthefactory | 2.2 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 36.42 | Unapproved | No |
GuangdongRedBayPowerGeneralCo.,ltd. | SO2 | Concentratedemissionthroughchimney | 4 | Withinthefactory | 9.21 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 177.46 | Unapproved | No |
GuangdongRedBayPowerGeneralCo.,ltd. | NOX | Concentratedemissionthroughchimney | 4 | Withinthefactory | 32.5 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 579.48 | Unapproved | No |
GuangdongYudeanJinghaiPowerGeneralCo.,Ltd. | Smoke | Concentratedemissionthroughchimney | 4 | Withinthefactory | 2.17 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 61.36 | 1770 | No |
广GuangdongYudeanJinghaiPowerGeneralCo.,Ltd. | SO2 | Concentratedemissionthroughchimney | 4 | Withinthefactory | 16.89 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 477.83 | 6502 | No |
GuangdongYudeanJinghaiPowerGeneralCo.,Ltd. | NOX | Concentratedemissionthroughchimney | 4 | Withinthefactory | 32.24 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 912.23 | 4687 | No |
GuangdongEnergyMaomingThermalPowerPlantCo.,Ltd. | Smoke | Concentratedemissionthroughchimney | 2 | Withinthefactory | 1.26 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 11.52 | 168.12 | No |
GuangdongEnergyMaomingThermalPowerPlantCo.,Ltd. | SO2 | Concentratedemissionthroughchimney | 2 | Withinthefactory | 14.9 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 145.51 | 385.51 | No |
GuangdongEnergyMaomingThermalPowerPlantCo.,Ltd. | NOX | Concentratedemissionthroughchimney | 2 | Withinthefactory | 24.42 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 234.24 | 689.58 | No |
GuangdongHuizhouNaturalGasPower | Smoke | Concentratedemissionthroughchimney | 6 | Withinthefactory | 0.19 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 3.33 | 232.11 | No |
GenerationCo.,Ltd | |||||||||
GuangdongHuizhouNaturalGasPowerGenerationCo.,Ltd | NOX | Concentratedemissionthroughchimney | 6 | Withinthefactory | 27.04 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 429.50 | 2033.1 | No |
GuangdongShaoguanYuejiangPowerGenerationCo.,Ltd. | Smoke | Concentratedemissionthroughchimney | 2 | Withinthefactory | 1.57 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 14.26 | 717.78 | No |
GuangdongShaoguanYuejiangPowerGenerationCo.,Ltd. | SO2 | Concentratedemissionthroughchimney | 2 | Withinthefactory | 18.16 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 165.15 | 2303.55 | No |
GuangdongShaoguanYuejiangPowerGenerationCo.,Ltd. | NOX | Concentratedemissionthroughchimney | 2 | Withinthefactory | 36.74 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 333.99 | 2809.07 | No |
GuangdongYudeanYunhePowerGenerationCo.,Ltd. | Smoke | Concentratedemissionthroughchimney | 1 | Withinthefactory | 1.6 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 6.65 | 6.65 | No |
GuangdongYudeanYunhePowerGenerationCo.,Ltd. | SO2 | Concentratedemissionthroughchimney | 1 | Withinthefactory | 6.89 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 29.04 | 29.04 | No |
GuangdongYudeanYunhePowerGenerationCo.,Ltd. | NOX | Concentratedemissionthroughchimney | 1 | Withinthefactory | 34.83 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 140.27 | 140.27 | No |
ZhanjiangElectricPowerCo.,Ltd. | Smoke | Concentratedemissionthroughchimney | 2 | Withinthefactory | 1 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 17 | 17 | No |
ZhanjiangElectricPower | SO2 | Concentratedemission | 2 | Withinthefactory | 15 | EmissionStandardofAirPollutantsforThermalPower | 187 | 187 | No |
Co.,Ltd. | throughchimney | Plants(GB13223-2011)specialemissionlimit | |||||||
ZhanjiangElectricPowerCo.,Ltd. | NOX | Concentratedemissionthroughchimney | 2 | Withinthefactory | 36 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 441 | 441 | No |
ZhanjiangZhongyueEnergyCo.,Ltd. | Smoke | Concentratedemissionthroughchimney | 2 | Withinthefactory | 0.95 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 7.42 | 480 | No |
ZhanjiangZhongyueEnergyCo.,Ltd. | SO2 | Concentratedemissionthroughchimney | 2 | Withinthefactory | 13.33 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 104.17 | 1200 | No |
ZhanjiangZhongyueEnergyCo.,Ltd. | NOX | Concentratedemissionthroughchimney | 2 | Withinthefactory | 25.54 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 199.6 | 1078 | No |
ShenzhenGuangqianElectricPowerCo.,Ltd. | NOX | Concentratedemissionthroughchimney | 3 | Withinthefactory | 10.97 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 77.69 | 1312.5 | No |
GuangdongHuizhouPinghaiPowerPlantCo.,Ltd. | Smoke | Concentratedemissionthroughchimney | 2 | Withinthefactory | 3.26 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 52.39 | 700 | No |
GuangdongHuizhouPinghaiPowerPlantCo.,Ltd. | SO2 | Concentratedemissionthroughchimney | 2 | Withinthefactory | 22.31 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 353.81 | 1670 | No |
GuangdongHuizhouPinghaiPowerPlantCo.,Ltd. | NOX | Concentratedemissionthroughchimney | 2 | Withinthefactory | 38 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 591.84 | 2423 | No |
GuangdongYuehuaPowerGenerationCo.,Ltd. | SO2 | Concentratedemissionthroughchimney | 2 | Withinthefactory | 0.101 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 0.664 | 27.54 | No |
GuangdongYuehuaPowerGenerationCo., | NOX | Concentratedemissionthroughchimney | 2 | Withinthefactory | 38.97 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 254.75 | 1367.55 | No |
Ltd. | |||||||||
GuangdongYudeanXinhuiPowerGenerationCo.,Ltd. | GuangdongHuizhouPinghaiPowerPlantCo.,Ltd. | Smoke | 2 | Withinthefactory | 0.057 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 0.23 | 0.23 | No |
GuangdongYudeanXinhuiPowerGenerationCo.,Ltd. | GuangdongHuizhouPinghaiPowerPlantCo.,Ltd. | SO2 | 2 | Withinthefactory | 0.213 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 0.87 | 0.87 | No |
GuangdongYudeanXinhuiPowerGenerationCo.,Ltd. | GuangdongHuizhouPinghaiPowerPlantCo.,Ltd. | NOX | 2 | Withinthefactory | 36.02 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 147.73 | 147.73 | No |
TumushukeThermoelectricCo.,Ltd. | Smoke | Concentratedemissionthroughchimney | 1 | Withinthefactory | 2.04 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 12.13 | 135 | No |
TumushukeThermoelectricCo.,Ltd | SO2 | Concentratedemissionthroughchimney | 1 | Withinthefactory | 14.35 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 88.81 | 474 | No |
TumushukeThermoelectricCo.,Ltd | NOX | Concentratedemissionthroughchimney | 1 | Withinthefactory | 27.61 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 165 | 675 | No |
ShajiaC | Smoke | Concentratedemissionthroughchimney | 3 | Withinthefactory | 2.17 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 26.3 | 277.8 | No |
ShajiaoCpowerplant | SO2 | Concentratedemissionthroughchimney | 3 | Withinthefactory | 11.7 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 141.89 | 972.3 | No |
ShajiaoCpowerplant | NOX | Concentratedemissionthroughchimney | 3 | Withinthefactory | 30.2 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 366.03 | 1389 | No |
HuaduThermoelectricCompany | Smoke | Concentratedemissionthroughchimney | 3 | Withinthefactory | 2.6 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)special | 1.8 | Notapproved | No |
emissionlimit | |||||||||
HuaduThermoelectricCompany | SO2 | Concentratedemissionthroughchimney | 3 | Withinthefactory | 18.5 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 12.6 | 13.4 | No |
HuaduThermoelectricCompany | NOX | Concentratedemissionthroughchimney | 3 | Withinthefactory | 29.2 | EmissionStandardofAirPollutantsforThermalPowerPlants(GB13223-2011)specialemissionlimit | 19.2 | 1173.2 | No |
Preventionandcontrolofpollutionfacilitiesconstructionandoperation
Inthefirsthalfof2022,theCompanytookthegreatdevelopmentofnewenergyandenergysavingandcarbonreductionasanimportantsteptoacceleratetheconstructionofecologicalcivilizationandpollutionpreventionandcontrol,andconstantlyimprovedtheenergysecurityandcleanandlow-carbonlevel.Allemissionindicatorswerebetterthantheindustryaverage.TheCompanyadheredtothegoalofbuildingaresource-savingandenvironment-friendlyenterprise,andactivelypromotedtheupgradingandtransformationofexistingcoal-firedgeneratingunitsinaplannedandstep-by-stepmannerbyformulatingandimplementingvariousmeasuressuchasenergyconsumptionmanagementimprovement,operationoptimization,equipmentmanagement,overhaulandtechnicaltransformation,andstrovetoreducetheemissionintensityofcoal-firedgeneratingunits.ConditionsofenvironmentalimpactassessmentandotherenvironmentalprotectionadministrativelicensingofconstructionprojectsThecompany'sconstructionprojectsthathavebeenapprovedbygovernmentagencieshaveallundergoneenvironmentalimpactassessmentsandhaveobtainedothernecessaryenvironmentalprotectionadministrativeEmergencyplanforemergencyenvironmentalincidentsCombiningwiththeEnvironmentalProtectionLawofthePeople'sRepublicofChinaandtheOpinionsoftheMinistryofEnvironmentalProtectiononStrengtheningEnvironmentalEmergencyManagementWorkandotherlawsandregulationsonthemonitoringofenvironmentalrisks,thecompany’ssubordinatepowergenerationenterpriseshaveformulatedtheEmergencyPlanforEmergencyEnvironmentalIncidentsaccordingtotheiractualconditions,whichhasstandardizedandimprovedthehandlingofemergentenvironmentaleventsfromtheaspectsofenvironmentalaccidentriskanalysis,emergencycommandorganizationandresponsibilities,disposalprocedures,anddisposalmeasures,improvedtheabilitytorespondtounexpectedenvironmentalevents,andensuredthatafteranoutbreakofanenvironmentalincident,thecompanycanorganizeemergencyrescueworkinatimely,orderlyandefficientmannertopreventpollutionofthesurroundingenvironment,minimizethedamageandsocialharmcausedbytheincident,maintainsocialstability,andprotectpublichealthandpropertysafety.
Duringthereportingperiod,theaffiliatedpowergenerationenterprisesoftheCompanydisclosedenvironmentalinformationandtheirsupervisionandmanagementactivitiesinaccordancewiththerequirementsoflawsandregulationssuchastheChina'sAdministrativeMeasuresforLegalDisclosureofEnterpriseEnvironmentalInformation(OrderNo.24ofMinistryofEcologyandEnvironment),preparedannual
environmentalinformationdisclosurereportsanduploadedthemtotheenterpriseenvironmentalinformationdisclosuresystem,withthepublicationratereaching100%.AdministrativepenaltiesforenvironmentalproblemsduringthereportingperiodNoneOtherenvironmentalinformationthatshouldbedisclosedNoneMeasuresandeffectstakentoreduceitscarbonemissionsduringthereportingperiod
√Applicable□Notapplicable
In2022,accordingtotherequirementsofthenationaldouble-carbontargetandenergydevelopmentplan,theCompanyactivelyincreasedinvestmentinnewenergy,with14newenergyprojectsunderconstruction,andatotalinstalledcapacityof2.046millionkilowatts.Afteralltheabove-mentionedprojectsunderconstructionarecompletedandputintooperation,itisestimatedthattheycancontributeabout4.358billionkilowattsofcleanenergyeveryyear,savingabout1.3728milliontonsofstandardcoaleveryyear,andreducingcarbondioxideemissionsbyabout3.6172milliontons,equivalenttorebuilding9,144.26hectaresofforest.Inthemeantime,theCompanyhasmadeeveryefforttopromotethetransformationprojectofreplacingliquidammoniawithureaintheammoniastationofcoal-firedpowerplants,activelyparticipatedinthenationalcarbonmarket,andmadeoverallplansforcarbonassetmanagementandperformancetransactions.OtherenvironmentalprotectionrelatedinformationNoneTheCompanyshallcomplywiththedisclosurerequirementsofShenzhenStockExchangeIndustryInformationDisclosureGuidelinesNo.15-ListedCompaniesEngagedinPower-relatedBusiness
1.TheCompanyhasstrictlyabodebytheEnvironmentalProtectionLawofPeople'sRepublicofChina,theLawofthePeople'sRepublicofChinaonthePreventionandControlofAtmosphericPollution,theLawofthePeople'sRepublicofChinaonthePreventionandControlofWaterPollutionandtheLawofthePeople'sRepublicofChinaonPreventionandControlofEnvironmentalPollutionbySolidWastetocarryoutproductionandbusinessactivities.Inthefirsthalfof2022,theCompany'sthermalpowerplant'soperatingexpensesforimplementingenvironmentalprotectionpoliciesandregulationsweremainlyduetothepurchaseoflimestoneanddenitrationmaterials,totalingaboutRMB128.31million.
2.Inthefirsthalfof2022,thestandardcoalconsumptionoftheCompany'sthermalpowerplantwas
304.86g/kWh,thesulfurdioxideemissionperformancevaluewas0.045g/kWh,thenitrogenoxideemissionperformancevaluewas0.120g/kWh,andthesootemissionperformancevaluewas0.006g/kWh.Including:theoperationrateofdesulfurizationdeviceof100%,withanaveragedesulfurizationefficiencyof99.25%;theaverageoperationrateofdenitrationdeviceof97.12%,withanaveragedenitrationefficiencyof89.67%;andtheoperationrateofdrydedustingdeviceof100%,withanaveragededustingefficiencyof99.81%.II.Socialresponsibilities
In2022,theCompanycontinuedtoimplementthespiritoftheOpinionsoftheCentralCommitteeofCCPandtheStateCouncilonRealizingtheLimitedConnectionbetweenConsolidatingandExpandingthe
AchievementsofPovertyAlleviationandRuralRevitalization.Accordingtothedecision-makingarrangementsandworkrequirementsoftheGuangdongProvincialPartyCommitteeandtheProvincialGovernment,theCompanyactivelyinvestedresourcesinconsolidatingtheachievementsofpovertyalleviation,activelycarriedoutpovertyalleviationbyconsumption,andadoptedmultiplemeasurestopromotethecomprehensiveruralrevitalization.
1.YuejiangCompany'sassistancecounterpart:RuyuanDongpingTownInthefirsthalfof2022,YuejiangCompanyvigorouslypromotedconsumptionassistance,strictlyadheredtothebottomlineofnotreturningtopovertyonalargescale,strengthenedthedynamicmonitoringofpreventingreturningtopoverty,rationallyformulatedassistanceprojectplans,andeffectivelyconnectedtheachievementsofconsolidatingpovertyalleviationwithruralrevitalization.TheCompany'stradeunionsactivelycarriedoutconsumptionassistanceprocurementactivities,expandedconsumptionassistancechannels,broadenedthesalesoflocalagriculturalandsidelineproductsandincreasedfarmers'income.Uptonow,thetotalexpensesonassistance,consolationandotherexpenseshavereachedmorethanRMB160,000,effectivelysolvingtheproblemofincreasingfarmers'incomeandlayingasolidfoundationfortheindustrialrevitalizationofDongpingTown.
2.ZhanjiangElectricPowerCompany'sassistancecounterpart:XuwenXilianTown
ZhanjiangElectricPowerCompanyhasresolutelyimplementedthenationalruralrevitalizationstrategy,helpedtheruralrevitalizationofXilianTownasalways,andpracticedthedueroleofastate-ownedenterprise.TheCompany'sstaffinhelpingvillagesinXilianTowndaredtotakeresponsibility,plannedmeasuresaccordingtolocalconditions,fullyimplementedallaspectsofruralrevitalization,andtookchargeofandparticipatedintheoverallplanningofXilianTownfrom2021to2026.TheworkresultswereselectedasexcellentplanningbyXuwenCountyandZhanjiangAgricultureandRuralBureauandsenttoGuangdongProvinceforappraisal.
3.DabuPowerGenerationCompany'sassistancecounterpart:HuilaiJinghaiTown
Inordertowellensureassistingvillagesandtowns,DapuPowerGenerationCompanyselectedMr.GuoJie,theDeputyGeneralManageroftheCompany,asthefirstsecretaryinvillageandamemberoftheassistanceworkteamintown,toassistruralrevitalizationinJinghaiTown,HuilaiCounty,JieyangCity.OnGuangdongPovertyAlleviationDayin2022,theCompanyactivelycarriedoutapovertyalleviationactivity,andraisedatotalofRMB63,200tosupportruralrevitalization.
4.ZhongyueEnergyCompany'sassistancecounterpart:LeizhouJijiaTown
Inthefirsthalfof2022,ZhanjiangZhongyueEnergyCompany'sruralrevitalizationworkteamstationedinLeizhouJijiaTown,Zhanjiang,conductedaspecialinvestigationwiththethemeofruralrevitalizationindustryassistance,mainlyfocusingonhowtointegratelandresourcesandsolveexistingproblems,andhelddiscussionsandexchangeswithvillagecommitteecadresandvillagers.Itwassuggestedthataccordingtothelocalconditionsandonthebasisofrespectingthepopularwill,theformoflandcooperativesshouldbeestablished,farmersshouldbuysharesinscatteredland,selectaccurateandexcellentprojects,andactivelyexplorethedevelopmentmodesof"landshares+large-scaleplanting","decentralizedproduction+unifiedmanagement",and"smallhouseholdssupportedbylargehouseholds,andscatteredhouseholdssupportedbyspecializedhouseholds",soastocontinuouslyenhancethevitalityandstrengthofcollectiveeconomicdevelopment.
5.GuangdongNewEnergy'sassistancecounterpart:NanxiongBaishunTown
Inordertoactivelypromotetheintegrationanddevelopmentofnewenergydevelopmentandruralrevitalization,NanxiongYuefengNewEnergy,asubsidiaryofprovincialwindpowercompanyinShaoguanCity,signedanewenergycooperativedevelopmentframeworkagreementwithNanxiongPeople'sGovernmentinJune2022,andassistedlocalruralrevitalizationbydevelopinglocalrooftopphotovoltaic,grounddistributedphotovoltaicandgrounddistributedwindpowerprojects.Currently,thepreliminaryworkforthePilotProjectofRuralRevitalizationDistributedWindPowerinBaishunTown,Nanxiong,Shaoguanhasstarted.
VI.ImportantEventsI.Thefulfilledcommitmentsinthereportingperiodandunder-fulfillmentcommitmentsbytheendofthereportingperiodmadebythecompany,shareholder,actualcontroller,acquirer,director,supervisor,seniormanagementpersonnelandotherrelatedparities.
□Applicable√NotapplicableThereisnocommitmentthathasnotbeenfulfilledbyactualcontroller,shareholders,relatedparties,acquirersoftheCompanyII.Particularsaboutthenon-operatingoccupationoffundsbythecontrollingshareholder
□Applicable√NotapplicableNoneIII.Illegalprovisionofguaranteesforexternalparties
□Applicable√NotapplicableNoneIV.EngagementanddisengagementofCPAsfirmWhetherthesemi-annualfinancialreporthasbeenaudited
□Yes√NoThesemi-annualfinancialreportoftheCompanyhasnotbeenauditedV.Notesfor“non-standardauditreport”ofCPAsfirmduringtheReportingPeriodbyboardofdirectorsandsupervisoryboard
□Applicable√NotapplicableVI.Notesfortherelatedinformationof“non-standardauditreports”lastyearbyboardofdirectors
□Applicable√NotapplicableVII.Bankruptcyandrestructuring
□Applicable√NotapplicableNosuchcasesinthereportingperiod.
VIII.LitigationsandarbitrationsSignificantlitigationsandarbitrations
□Applicable√NotapplicableNosuchcasesinthereportingperiod.Otherlawsuits
□Applicable√NotapplicableIX.Punishmentsandrectifications
□Applicable√NotapplicableX.CreditconditionsoftheCompanyaswellasitscontrollingshareholderandactualcontroller
□Applicable√NotapplicableXI.Materialrelatedtransactions
1.Relatedtransactionsinconnectionwithdailyoperation
□Applicable√NotapplicablePleasereferto"7.Othersignificantrelatedpartytransactions"fortherelatedtransactionsrelatedtothedailyoperationoftheCompanyduringthereportingperiod.
2.Related-partytransactionsarisingfromassetacquisitionorsold
□Applicable√NotapplicableNosuchcasesinthereportingperiod.
3.Related-partytransitionswithjointinvestments
□Applicable√NotapplicableNosuchcasesinthereportingperiod.
4.Creditsandliabilitieswithrelatedparties
□Applicable√NotapplicableNosuchcasesinthereportingperiod.
5.Transactionswithrelatedfinancecompany,especiallyonethatiscontrolledbytheCompany
√Applicable□NotapplicableDepositbusiness
Relatedparty | Relationsh | Maximum | Depositinterest | Beginning | Theamountincurred | Ending |
ip | dailydepositlimitd(Tenthousandyuan) | raterange | balance(Tenthousandyuan) | Totaldepositamountofthecurrentperiod(Tenthousandyuan) | Totalamountwithdrawninthecurrentperiod(Tenthousandyuan) | balance(Tenthousandyuan) | |
GuangdongEnergyGroupCo.,Ltd. | ControlledbyGuangdongEnergyGroup | 1,100,000 | 0.35% | 647,482 | 4,385,964 | 4,127,759 | 905,687 |
Loanbusiness
Relatedparty | Relationship | Loanlimit(Tenthousandyuan) | Loantinterestraterange | Beginningbalance(Tenthousandyuan) | Theamountincurred | Endingbalance(Tenthousandyuan) | |
Totalloanamountforthecurrentperiod(Tenthousandyuan) | Totalrepaymentamountofthisperiod(Tenthousandyuan) | ||||||
GuangdongEnergyGroupCo.,Ltd. | ControlledbyGuangdongEnergyGroup | 3,500,000 | 2.70%-4.26% | 934,417 | 1,058,703 | 990,724 | 1,002,396 |
Creditextensionorotherfinancialservices
Relatedparty | Relationship | Businesstype | Totalamount(Tenthousandyuan) | Actualamountincurred(Tenthousandyuan) |
GuangdongEnergyGroupCo.,Ltd. | ControlledbyGuangdongEnergyGroup | Credit | 3,500,000 | 1,002,396 |
6.TransactionswithrelatedfinancecompanycontrolledbytheCompany
□Applicable√NotapplicableThecompanydoesnothaveacontrollingfinancialcompany.
7.Othersignificantrelated-partytransactions
√Applicable□Notapplicable
(1)2022dailyrelatedtransactionswerecarriedoutafterexaminationandapprovalby2022firstprovisionalshareholders'generalmeeting.Referto(5)RelatedtransactionsofXII.RelationshipbetweenrelatedpartiesandthetransactionsbetweenthemoftheFinancialReportofthisreportfordetails.
(2)OnJanuary20,2022,thefirstmeetingofthetenthboardofdirectorsreviewedandapprovedtheProposalonDailyRelatedTransactionsbetweentheCompanyandGuangdongEnergyGroupCo.,Ltd.in2021,theProposalonSigningtheFinancialServicesFrameworkAgreementbetweentheGuangdongYudeanFinanceCo.,Ltd.,theProposalonSigningtheFinancialLeasingCooperationFrameworkAgreementbetweentheCompanyandGuangdongYudeanFinancialLeasingCo.,Ltd.,theProposalonSigningtheFrameworkAgreementonCooperationinInsuranceandRiskManagementServicesbetweentheCompanyandGuangdongYudeanPropertyInsuranceSelf-insuranceCo.,Ltd.,andtheaboverelatedpartytransactionswillbeimplementedafterbeingreviewedandapprovedbythefirstprovisionalgeneralmeetingofshareholdersin2022.Websitefortemporarydisclosureoftheconnectedtransaction
Announcement | Dateofdisclosure | Websitefordisclosure |
EstimatesannouncementoftheDailyRelatedPartyTransactionsof2022 | January20,2022 | http//www.cninfo.com.cn. |
AnnouncementofRelatedTransactionsonSigningoftheFinancialServicesFrameworkAgreement,FrameworkAgreementonFinancingLeasingCooperationandFrameworkAgreementonCooperationinInsuranceandRiskManagementServices | January20,2022 | http//www.cninfo.com.cn. |
XII.Significantcontractsandexecution
1.Entrustments,contractingandleasing
(1)Entrustment
√Applicable□NotapplicableStatementofTrusteeshipSituation:
AccordingtothestatementofGuangdongEnergyGrouponfulfillingrelevantmatters,andtoavoidthehorizontalcompetitionandfulfilltherelevantcommitmentofthehorizontalcompetition,theCompanysignedStockTrusteeshipAgreementwithGuangdongEnergyGroup,whereintheshareholder'srightswithinthetrusteeshiprange,excepttheownership,rightofearningandrightofdisposition,willbetrustedtotheCompany,whichispredictedtocharge245,000yuanastrusteefeeperyear.Seedetailsatthe"RelatedTransactionAnnouncementonStockTrusteeshipAgreementsignedwithGuangdongYudeanGroupCo.,Ltd."publishedbytheCompanyinChinaSecuritiesDaily,SecuritiesTimesandhttp://www.cninfo.com.cnonJanuary13,2018(AnnouncementNo.2018-04);
Inthefirsthalfof2022,theCompanyconfirmedacustodyincomeofRMB900,000.Gains/lossestotheCompanyfromprojectsthatreachedover10%intotalprofitoftheCompanyinreportingperiod
□Applicable√NotapplicableNogainsorlossestotheCompanyfromprojectsthatreachedover10%intotalprofitoftheCompanyinreportingperiod
(2)Contract
□Applicable√NotapplicableNoanycontractfortheCompanyinthereportingperiod.
(3)Lease
√Applicable□NotapplicableNote:
TheCompany,asthelessee,incurredaleasefeeofRMB14,137,813thisyear.Projectwhichgeneratesprofitorlossreachingover10%oftotalprofitsoftheCompanyduringtheReportingPeriod
□Applicable√NotapplicableTherewerenoleaseswitha10%orgreaterimpactontheCompany’sgrossprofitintheReportingPeriod.
2.SignificantGuarantees
√Applicable□Notapplicable
InRMB10,000
GuaranteeoftheCompanyforthecontrollingsubsidiaries(Excludecontrolledsubsidiaries) | ||||||||||
NameoftheCompany | Relevantdisclosuredate/No.oftheguaranteedamount | AmountofGuarantee | Dateofhappening(Dateofsigningagreement) | Actualmountofguarantee | Guaranteetype | Guaranty(Ifany) | Counter-guarantee(Ifany) | Guaranteeterm | Completeimplementationornot | Guaranteeforassociatedparties(Yesorno) |
YunnanBaoshanBinlangjiangHydroelectricityDevelopmentCo.,Ltd. | December19,2007 | 4,350 | November30,2007 | 580 | Guaranteeingofjointliabilities. | YunnanBaoshanBinglangjiangHydropowerDevelopmentCo.,Ltd.providesjointandseveralliabilityguaranteecounter-guarantee. | 15years | No | No | |
YunnanBaoshanBinlangjiangHydroelectricityDevelopmentCo.,Ltd. | May27,2009 | 9,367 | June22,2009 | 3,567 | Guaranteeingofjointliabilities. | YunnanBaoshanBinglangjiangHydropowerDevelopmentCo.,Ltd.providesjointandseveralliabilityguaranteecounter-guarantee. | 18years | No | No | |
GuangdongEnergyGroupCo.,Ltd. | October29,2020 | 200,000 | November19,2020 | 167,285 | Guaranteeingofjointliabilities. | GuangdongYudeanYangjiangOffshorewindpowerCo.,Ltd.providesjointandseveralliability | 23.9years | No | Yes |
guaranteecounter-guarantee | ||||||||||
XinjiangJintaiElectricPowerCo.,Ltd. | 3,775 | December11,2021 | 0 | Guaranteeingofjointliabilities. | 3years | Yes | No | |||
Totalamountofapprovedexternalguaranteeinthereportperiod(A1) | Totalactuallyamountofexternalguaranteeinthereportperiod(A2) | 1,039 | ||||||||
Totalamountofapprovedexternalguaranteeattheendofthereportperiod(A3) | 425,459 | Totalactuallyamountofexternalguaranteeattheendofthereportperiod(A4) | 171,432 | |||||||
Guaranteeofthecompanyforitssubsidiaries | ||||||||||
NameoftheCompany | Relevantdisclosuredate/No.oftheguaranteedamount | AmountofGuarantee | Dateofhappening(Dateofsigningagreement) | Actualmountofguarantee | Guaranteetype | Guaranty(Ifany) | Counter-guarantee(Ifany) | Guaranteeterm | Completeimplementationornot | Guaranteeforassociatedparties(Yesorno) |
ZhanjiangWindPowerGenerationCo.,Ltd. | April29,2009 | 18,572 | October9,2010 | 5,022 | Guaranteeingofjointliabilities. | 18years | No | No | ||
Totalofguaranteeforsubsidiariesapprovedintheperiod(B1) | 0 | Totalofactualguaranteeforsubsidiariesintheperiod(B2) | -60 | |||||||
Totalofguaranteeforsubsidiariesapprovedatperiod-end(B3) | 141,536 | Totalofactualguaranteeforsubsidiariesatperiod-end(B4) | 5,022 | |||||||
Guaranteeofthesubsidiariesforthecontrollingsubsidiaries | ||||||||||
NameoftheCompany | Relevantdisclosuredate/No.oftheguaranteedamount | AmountofGuarantee | Dateofhappening(Dateofsigningagreement) | Actualmountofguarantee | Guaranteetype | Guaranty(Ifany) | Counter-guarantee(Ifany) | Guaranteeterm | Completeimplementationornot | Guaranteeforassociatedparties(Yesorno) |
TheCompany’stotalguarantee(i.e.totalofthefirstthreemainitems) | ||||||||||
Totalguaranteequotaapprovedinthereportingperiod(A1+B1+C1) | 0 | Totalamountofguaranteeactuallyincurredinthereportingperiod(A2+B2+C2) | 979 | |||||||
Totalguaranteequotaalreadyapprovedattheendofthereporting | 566,995 | Totalbalanceoftheactualguaranteeattheendofthe | 176,454 |
period(A3+B3+C3) | reportingperiod(A4+B4+C4) | ||
TheproportionofthetotalamountofactuallyguaranteeinthenetassetsoftheCompany(thatisA4+B4+C4)% | 8.05% | ||
Including: | |||
Amountofguaranteesprovidedforshareholders,theactualcontrollerandtheirrelatedparties(D) | 167,285 | ||
Amountofdebtguaranteesprovideddirectlyorindirectlyforentitieswithaliability-to-assetratioover70%(E) | 4,147 | ||
Proportionoftotalamountofguaranteeinnetassetsofthecompanyexceed50%(F) | 0 | ||
Totalamountofthethreekindsofguaranteesabove(D+E+F) | 171,432 |
Note:AsforthejointliabilityguaranteeofXinjiangJintaiElectricPowerCo.,Ltd.undertakenbytheCompanyduetotheacquisitionofToumchouqThermalPowerCompany,theactualdateisthedatewhenToumchouqThermalPowerCompanycompletestheindustrialandcommercialchangeregistration.
3.Financemanagementoncommission
□Applicable√NotapplicableNosuchcasesinthereportingperiod.
4.Majorcontractsfordailyoperations
□Applicable√Notapplicable
5.Othersignificantcontract
□Applicable√NotapplicableNosuchcasesinthereportingperiod.XIII.Explanationonothersignificantevents
√Applicable□Notapplicable
Summaryofimportantmatters | Name | Dateofdisclosure | Websitefordisclosure |
InordertoimplementthedeploymentofaidtoXinjiang,deepenstrategiccooperationwithkeyregions,furtheroptimizethepowersupplystructure,andincreasetheproportionofcleanenergy,theCompany'sboardofdirectorsagreedtotheCompany'swholly-ownedestablishmentofTumusukeYudeanHanhaiNewEnergyCo.,Ltd(hereinafterreferredtoas"HanhaiNewEnergyCompany”)toinvestintheconstructionofa400,000-kilowattphotovoltaicpowergenerationprojectinthe45thRegimentoftheThirdDivisionoftheXinjiangProductionandConstructionCorps.Thetotalinvestmentoftheprojectis2,226,851,400yuan,andthecapitalissetat445,370,000yuanaccordingto20%ofthetotalprojectinvestment,whichwillbesolvedbytheCompany'scapitalincreasetoHanhaiNewEnergyCompanyinbatches. | AnnouncementofResolutionsoftheSecondMeetingoftheTenthBoardofDirectorsbyCorrespondenceof2022 | March26,2022 | http//www.cninfo.com.cn. |
InordertomeettheheatloaddemandofYunfuIndustrialParkandperipheralenterprises,furtheroptimizetheCompany'spowersupplystructure,andpromotetheCompany'ssustainabledevelopment,theboardofdirectorsagreestoinvestintheconstructionofYunhePowerGenerationCompanyNaturalGasCogenerationProject(2×460MW),andGuangdongYudeanYunheCo.,Ltd.isresponsibleforthespecificconstructionandoperationoftheproject.Thetotalinvestmentoftheprojectis2,809.70millionyuan(includingtheheatingnetworkproject),andtheprojectcapitaliscalculatedas561.94millionyuanaccordingto20%ofthetotalprojectinvestment.TheCompanyinvests505.75millionyuanaccordingtotheproportionof90%equityratio.Thecapitalrequiredforthe | AnnouncementofResolutionsoftheSixthMeetingoftheTenthBoardofDirectors | April22,2022 | http//www.cninfo.com.cn. |
projectwillbesolvedbytheCompany'scapitalincreasetoYunhePowerGenerationCompanyinbatchesaccordingtotheactualconstructionprogressandcapitalneedsoftheproject. | |||
InordertomeettheelectricityloadgrowthinJieyangCityandtheheatloaddemandofDananhaiPetrochemicalIndustrialZone,andfurtherincreasetheproportionofcleanenergyoftheCompany,theboardofdirectorsagreestoinvestintheconstructionoftheJieyangDananhaiNaturalGasCogenerationProject(2×480MW),andGuangdongYudeanDananhaiSmartEnergyCo.,Ltd.-awholly-ownedsubsidiary-isresponsibleforthespecificconstructionandoperationoftheproject.Thetotalinvestmentoftheprojectis2,855.45millionyuan(includingtheheatingnetworkproject),andtheprojectcapitaliscalculatedas571.09millionyuanaccordingto20%ofthetotalprojectinvestment.ThecapitalrequiredbytheprojectwillbesolvedbytheCompany'scapitalincreasetoDananhaiSmartEnergyCompanyinbatchesaccordingtotheactualconstructionprogressandcapitalneedsoftheproject. | AnnouncementofResolutionsoftheSixthMeetingoftheTenthBoardofDirectors | April22, | http//www.cninfo.com.cn. |
XIV.SignificanteventofsubsidiaryoftheCompany
□Applicable√Notapplicable
VII.ChangeofsharecapitalandshareholdingofPrincipalShareholders
I.Changesinsharecapital
1.Changesinsharecapital
Inshares
Beforethechange | Increase/decrease(+,-) | AftertheChange | |||||||
Amount | Proportion | Shareallotment | Bonusshares | Capitalizationofcommonreservefund | Other | Subtotal | Quantity | Proportion | |
I.Sharewithconditionalsubscription | 1,897,966,117 | 36.15% | -2,830 | 1,897,963,287 | 36.15% | ||||
1.State-ownedshares | |||||||||
2.State-ownedlegalpersonshares | 1,893,342,621 | 36.06% | 1,893,342,621 | 36.06% | |||||
3.Otherdomesticshares | 4,623,496 | 0.09% | -2,830 | 4,620,666 | 0.09% | ||||
Ofwhich:Domesticlegalpersonshares | 4,620,666 | 0.09% | 4,620,666 | 0.09% | |||||
Domesticnaturalpersonshares | 2,830 | 0% | -2,830 | 0 | 0% | ||||
4.Foreignshares | |||||||||
Ofwhich:Foreignlegalpersonshares | |||||||||
Foreignnaturalpersonshares | |||||||||
II.Shareswithunconditionalsubscription | 3,352,317,869 | 63.85% | 2,830 | 3,352,320,699 | 63.85% | ||||
1.CommonsharesinRMB | 2,553,909,869 | 48.64% | 2,830 | 2,553,912,699 | 48.64% | ||||
2.Foreignsharesindomesticmarket | 798,408,000 | 15.21% | 798,408,000 | 15.21% | |||||
3.Foreignsharesinforeignmarket | |||||||||
4.Other | |||||||||
III.Totalofcapitalshares | 5,250,283,986 | 100% | 5,250,283,986 | 100% |
Reasonsforsharechanged
√Applicable□Notapplicable
OnFebruary2,2022,thelock-upperiodofthe2,830restrictedsharesheldbyMr.WenLianhe,aformerdirectorofthecompany,hasexpiredithasbeenconvertedintotradableshareswhthoutrestiiction.therefore,thenumberofrestrictedsharesofthecompanyhasalsoincreasedaccordingly.ApprovalofChangeofShares
□Applicable√NotapplicableOwnershiptransferofsharechanges
□Applicable√NotapplicableProgressonanysharerepurchase:
□Applicable√NotapplicableProgressonreducingtherepurchasedsharesbymeansofcentralizedbidding:
□Applicable√Notapplicable
InfluenceonthebasicEPSanddilutedEPSaswellasotherfinancialindexesofnetassetspershareattributabletocommonshareholdersofCompanyinlatestyearandperiod
□Applicable√NotapplicableOtherinformationnecessarytodiscloseforthecompanyorneedtodisclosedunderrequirementfromsecurityregulators
□Applicable√Notapplicable
2.Changeofshareswithlimitedsalescondition
√Applicable□Notapplicable
InRMB
Shareholder | Numberofrestrictedsharesatthebeginning | Numberofrestrictedsharesinincreasedthisperiod | Numberofrestrictedsharesreleasedinthisperiod | Numberofrestrictedsharesattheendoftheperiod | Reasonsforsalesrestriction | Releasedateofsalesrestriction |
WenLianhe | 2,830 | 2,830 | 0 | 0 | Directorchange | February2,2022 |
Total | 2,830 | 2,830 | 0 | 0 | -- | -- |
II.Securitiesissueandlisting
□Applicable√NotapplicableIII.Shareholdersandactualcontrollingshareholder
1.Numberofshareholdersandshareholding
InShares
Totalnumberofcommonshareholdersattheendofthereportingperiod | 94,373 | Totalnumberofpreferredshareholdersthathadrestoredthevotingrightattheendofthereportingperiod(ifany)(note8) | 0 | |||||||
Particularsaboutsharesheldabove5%byshareholdersortoptenshareholders | ||||||||||
Shareholders | Natureofshareholder | Proportionofsharesheld(%) | Numberofsharesheldatperiod-end | Changesinreportingperiod | Amountofrestrictedsharesheld | Amountofun-restrictedsharesheld | Numberofsharepledged/frozen | |||
Stateofshare | Amount | |||||||||
GuangdongEnergyGroupCo.,Ltd. | State-ownedlegalperson | 67.39% | 3,538,005,285 | 0 | 1,893,342,621 | 1,644,662,664 | ||||
GuangzhouDevelopmentGroupCo.,Ltd. | State-ownedlegalperson | 2.22% | 116,693,602 | 0 | 0 | 116,693,602 | ||||
GuangdongElectricPowerDevelopmentCorporation | State-ownedlegalperson | 1.80% | 94,367,341 | 0 | 0 | 94,367,341 | ||||
ICBC-FirstSeafrontfundNewEconomyflexibleallocationofhybridsecuritiesinvestmentfund | Other | 0.82% | 43,245,455 | -1,472,463 | 0 | 43,245,455 |
TheNationalSocialSecurityFund102portfolio | Other | 0.70% | 36,986,590 | 32,098,900 | 0 | 36,986,590 | ||
ZhengJianxiang | DomesticNaturalperson | 0.49% | 25,514,900 | 0 | 0 | 25,514,900 | ||
NingboBank-BoshiGrowthadvantagehybridsecuritiesinvestmentfund | Other | 0.36% | 18,915,500 | 0 | 0 | 18,915,500 | ||
ChinaSecuritiesFinanceCo.,Ltd. | State-ownedlegalperson | 0.35% | 18,246,045 | -33,781,100 | 0 | 18,246,045 | ||
VANGUARDTOTALINTERNATIONALSTOCKINDEXFUND | OverseasLegalperson | 0.30% | 15,855,512 | 0 | 0 | 15,855,512 | ||
CHINAINTERNATIONALCAPITALCORPORATIONHONGKONGSECURITIESLTD | OverseasLegalperson | 0.29% | 15,216,066 | 0 | 0 | 15,216,066 | ||
Strategyinvestorsorgenerallegalpersonbecomestop10shareholdersduetorightsissued(ifapplicable)(SeeNotes3) | Notapplicable | |||||||
Explanationonassociatedrelationshipamongtheaforesaidshareholders | TheThirdlargestshareholderGuangdongElectricPowerDevelopmentCorporationisthewholly-ownedsubsidiariesofthelargestshareholderEnergyGroup.Thesetwocompanieshaverelationships;whethertheothershareholdershaverelationshipsorunanimousactingwasunknown | |||||||
Aboveshareholdersentrustingorentrustedwithvotingrights,orwaivingvotingrights | Notapplicable | |||||||
Top10shareholdersincludingthespecialaccountforrepurchase(ifany)(seenote10) | Notapplicable | |||||||
Shareholdingoftop10shareholdersofunrestrictedshares | ||||||||
Nameoftheshareholder | Quantityofunrestrictedsharesheldattheendofthereportingperiod | Sharetype | ||||||
Sharetype | Quantity | |||||||
GuangdongEnergyGroupCo.,Ltd. | 1,644,662,664 | RMBCommonshares | 1,644,662,664 | |||||
GuangzhouDevelopmentGroupCo.,Ltd. | 116,693,602 | RMBCommonshares | 116,693,602 | |||||
GuangdongElectricPowerDevelopmentCorporation | 94,367,341 | RMBCommonshares | 94,367,341 | |||||
ICBC-FirstSeafrontfundNewEconomyflexibleallocationofhybridsecuritiesinvestmentfund | 43,245,455 | RMBCommonshares | 43,245,455 | |||||
TheNationalSocialSecurityFund102portfolio | 36,986,590 | RMBCommonshares | 36,986,590 | |||||
ZhengJianxiang | 25,514,900 | Foreignsharesplacedindomesticexchange | 25,514,900 | |||||
NingboBank-BoshiGrowthadvantagehybridsecuritiesinvestmentfund | 18,915,500 | RMBCommonshares | 18,915,500 | |||||
ChinaSecuritiesFinanceCo.,Ltd. | 18,246,045 | RMBCommonshares | 18,246,045 | |||||
VANGUARDTOTALINTERNATIONALSTOCKINDEXFUND | 15,855,512 | Foreignsharesplacedindomesticexchange | 15,855,512 |
CHINAINTERNATIONALCAPITALCORPORATIONHONGKONGSECURITIESLTD | 15,216,066 | Foreignsharesplacedindomesticexchange | 15,216,066 |
Explanationonassociatedrelationshiporconsistentactionamongthetop10shareholdersofnon-restrictednegotiablesharesandthatbetweenthetop10shareholdersofnon-restrictednegotiablesharesandtop10shareholders | TheThirdlargestshareholderGuangdongElectricPowerDevelopmentCorporationisthewholly-ownedsubsidiariesofthelargestshareholderEnergyGroup.Thesetwocompanieshaverelationships;whethertheothershareholdershaverelationshipsorunanimousactingwasunknown. | ||
Explanationonshareholdersparticipatinginthemargintradingbusiness(ifany)(SeeNotes4) | Notapplicable |
Whethertoptencommonshareholdersortoptencommonshareholderswithun-restrictsharesheldhaveabuy-backagreementdealinginreportingperiod.
□Yes√NoThetoptencommonshareholdersortoptencommonshareholderswithun-restrictsharesheldoftheCompanyhavenobuy–backagreementdealinginreportingperiod.IV.Changesinshareholdingsofdirectors,supervisorsandexecutiveofficers
□Applicable√NotapplicableTherewasnochangeinshareholdingofdirectors,supervisorsandseniormanagementstaffs,forthespecificinformationpleaserefertothe2021AnnualReportV.ChangeofthecontrollingshareholderortheactualcontrollerChangeofthecontrollingshareholderinthereportingperiod
□Applicable√NotApplicableTherewasnoanychangeofthecontrollingshareholderoftheCompanyinthereportingperiod.Changeoftheactualcontrollerinthereportingperiod
□Applicable√NotapplicableTherewasnoanychangeoftheactualcontrolleroftheCompanyinthereportingperiod.
VIII.SituationofthePreferredShares
□Applicable√NotapplicableTheCompanyhadnopreferredsharesinthereportingperiod
IX.CorporateBond
√Applicable□NotapplicableI.Enterprisebond
□Applicable√NotapplicableNosuchcasesinthereportingperiod.II.Corporatebond
√Applicable□NotapplicableI.Basicinformationofcorporatebonds
InRMB
Bondname | Bondshortname | Bondcode | Issueday | Valuedate | Dueday | Bondbalance(Tenthousandyuan) | Interestrate | Servicingway | Trading |
PublicIssuanceofCorporateBondstoQualifiedInvestorsin2020(PhaseI)ofGuandongElectricPowerDevelopmentCo.,Ltd. | 20Yudean01 | 149113.SZ | April29,2020 | April29,2020 | April29,2025 | 1,500,000,000 | 2.45% | Usingsimpleinterestrateonayearlybasis,regardlessofcompoundinterest.Duepaymentsonceayear,maturingdebtatatime.Inthefinalphase,interestispaidtogetherwiththeprincipalredemption. | ShenzhenStockExchange |
PublicIssuanceofCorporateBondstoQualifiedInvestorsin2021(PhaseI)ofGuandongElectricPowerDevelopmentCo.,Ltd. | 21Yudean01 | 149369.SZ | January27,2021 | January27,2021 | January27,2024 | 1,000,000,000 | 3.57% | Usingsimpleinterestrateonayearlybasis,regardlessofcompoundinterest.Duepaymentsonceayear,maturingdebtatatime.Inthefinalphase,interestispaidtogetherwiththeprincipalredemption. | ShenzhenStockExchange |
Overdueandunpaidbonds
□Applicable√Notapplicable
PublicIssuanceofCorporateBondstoQualifiedInvestorsin2021(PhaseII)ofGuandongElectricPowerDevelopmentCo.,Ltd. | 21Yudean02 | 149418.SZ | April28,2021 | April28,2021 | April28,2026 | 1,500,000,000 | 3.50% | Inthefinalphase,interestsarepaidtogetherwiththeprincipalredemption. | ShenzhenStockExchange |
PublicIssuanceofCorporateBondstoProfessionalInvestorsin2021(PhaseI)ofGuandongElectricPowerDevelopmentCo.,Ltd.
PublicIssuanceofCorporateBondstoProfessionalInvestorsin2021(PhaseI)ofGuandongElectricPowerDevelopmentCo.,Ltd. | 21Yedean03 | 149711.SZ | November24,2021 | November24,2021 | November24,2026 | 800,000,000 | 3.41% | Inthefinalphase,interestsarepaidtogetherwiththeprincipalredemption. | ShenzhenStockExchange |
PublicIssuanceofCorporateBondstoProfessionalInvestorsin2021(PhaseI)ofGuandongHuizhouPingPowerGenerationCo.,Ltd. | 21Pinghai01 | 188197.SH | June4,2021 | June4,2021 | June4,2023 | 200,000,000 | 3.57% | Usingsimpleinterestrateonayearlybasis,regardlessofcompoundinterest.Duepaymentsonceayear,maturingdebtatatime.Inthefinalphase,interestispaidtogetherwiththeprincipalredemption. | ShanghaiStockexchange |
Duringthereportingperiod,interestpaymentsituationofthecompanybonds(Ifany) | 20Yudean01,21Yudean01and21Yudean02arebondsforqualifiedinvestors,21Yudean03and21Pinghai01arebondsforprofessionalinvestors. | ||||||||
Applicabletradingmechanism | Bidding,quotation,inquiryandagreementtransaction. | ||||||||
Whethertherearerisksandcountermeasuresforterminatinglistingtransactions(Ifany) | No |
2.Triggerandimplementationofoptionclausesandinvestorprotectionclausesoftheissuerorinvestor
√Applicable□Notapplicable21Yudean03isattachedwiththe"CommitmentoftheIssueronDebtRepaymentGuaranteeMeasures".Accordingtotheagreement,thenetcashflowfromoperatingactivitiesgeneratedeverysixmonthsduringthedurationofthebondsofthecurrentperiodaccordingtotheIssuer'sconsolidatedfinancialstatementsshallnotbelessthanRMB200million,orthecashflowratiofromoperatingactivities(netcashflowfromoperatingactivities/interest-bearingliabilities)shallnotbelessthan0.5%.TheIssuerregularlytracksandmonitorsthestabilityofthesourcesofdebtrepaymentfundseverysixmonths.Ifthesourceofdebtrepaymentfundsislowerthanthatinthecommitmentrequirements,theIssuerwilltaketimelymeasuressuchasrealizingassets,collectingoverduereceivablesandimprovingbusinessperformance,andensurethattherelevantindicatorsofdebtrepaymentfundsinthenextmonitoringperiodmeetthecommitmentrequirements.IftheIssuerfailstomeetthecommitmentrequirementsduringtwoconsecutivemonitoringperiods,theIssuershallcollectfundsinadvancebeforethelatestinterestpaymentorredemptiondate.TheIssuershallcollect20%ofthedebtrepaymentfundswithin1monthbeforethelatestinterestpaymentorredemptiondate,andcollect50%ofthedebtrepaymentfundswithin5tradingdaysbeforethelatestinterestpaymentorredemptiondate.Attheexpirationofthefirsthalfyearoftheexistenceperiodof21Yudean03,thenetcashflowfromoperatingactivitiesoftheCompanywasRMB-208million,andthecashflowratiofromoperatingactivitieswas-0.32%.TheCompanywilltaketimelymeasurestoimproveitsbusinessperformance,andstrivefortherelevantindicatorsofthesourceofdebtrepaymentfundsinthenextmonitoringperiodtomeetthecommitmentrequirements.Uptonow,theCompanyhasnottriggeredtheneedtocollectdebtrepaymentfundsinadvance.
3.Adjustmentofcreditratingresultsduringthereportingperiod
□Applicable√Notapplicable
4.Theimplementationandchangesofguarantee,debtrepaymentplanandotherdebtrepaymentguaranteemeasuresduringthereportingperiodandtheirimpactontherightsandinterestsofbondinvestors
√Applicable□Notapplicable
(1).Creditenhancementmechanism:20Yudean01,21Yudean01,21Yudean02,21Yudean03and21PinghaiCompany01bondsarenotguaranteed.
(2).Debtrepaymentplanandotherdebtrepaymentguaranteemeasures:20Yudean01,21Yudean01,21Yudean02,21Yudean03and21Pinghai01debtrepaymentplansandotherdebtrepaymentguaranteemeasureshavenotchangedduringthereportingperiod,andthepaymentoftheirprincipalandinterestwillbehandledbythebondregistrationinstitutionandrelevantinstitutions.ThespecificmattersofpaymentwillbeelaboratedintheannouncementdisclosedbytheissuerinthemediaspecifiedbyChinaSecuritiesRegulatoryCommission,ShenzhenStockExchange,ShanghaiStockExchangeandChinaSecuritiesIndustryAssociationinaccordancewithrelevantregulations.
III.Debtfinancinginstrumentsofnon-financialenterprises
√Applicable□Notapplicable
1.Debtfinancinginstrumentsofnon-financialenterprises
InRMB
Bondname | Bondshortname | Bondcode | Issueday | Valuedate | Dueday | Bondbalance | Interestrate | Servicingway | Trading |
2021MTN(PhaseI)ofGuangdongElectricPowerDevelopmentCo.,Ltd. | 21YudeanFaMTN001 | 102101339.IB | July19,2021 | July21,2021 | July21,2024 | 1,200,000,000 | 3.17% | Usingsimpleinterestrateonayearlybasis,regardlessofcompoundinterest.Duepaymentsonceayear,maturingdebtatatime.Inthefinalphase,interestispaidtogetherwiththeprincipalredemption. | Interbankmarket |
2021MTN(PhaseII)ofGuangdongElectricPowerDevelopmentCo.,Ltd. | 21YudeanFaMTN002 | 102102318.IB | November15,2021 | November17,2021 | November17,2024 | 2,200,000,000 | 3.13% | Usingsimpleinterestrateonayearlybasis,regardlessofcompoundinterest.Duepaymentsonceayear,maturingdebtatatime.Inthefinalphase,interestispaidtogetherwiththeprincipalredemption. | Interbankmarket |
GuangdongElectricPowerDevelopmentCo.,Ltd.Co.,Ltd.2022firstphaseUltra-shorttermfinancingbills | 22YudeanFaSCP001 | 012280516.IB | February14,2022 | February15,2022 | August12,2022 | 1,200,000,000 | 2.01% | Onetimerepaymentofprincipalandinterestdue | Interbankmarket |
GuangdongElectricPowerDevelopmentCo.,Ltd.Co.,Ltd.2022SecondphaseUltra-shorttermfinancingbills | 22YudeanFaSCP002 | 012282169.IB | June16,2022 | June20,2022 | November15,2022 | 1,500,000,000 | 2% | Onetimerepaymentofprincipalandinterestdue | Interbankmarket | |
MTN(PhaseI)(Sustainablelingged)ofGuangdongPinghaiPowerGenerationPlantCo.,Ltd. | 21PinghaiFaMTN001 | 102102049.IB | October15,2021 | October15,2021 | October15,2024 | 300,000,000 | 3.72% | Onetimerepaymentofprincipalandinterestdue | Interbankmarket | |
Applicabletradingmechanism | Circulationandtransferinthenationalinter-bankbondmarket,itslistingandcirculationwillbecarriedoutinaccordancewiththerelevantregulationspromulgatedbytheNationalInterbankFundingCenter |
Overdueandunpaidbonds
□Applicable√Notapplicable
2.Triggerandimplementationofoptionclausesandinvestorprotectionclausesoftheissuerorinvestor
□Applicable√Notapplicable
3.Adjustmentofcreditratingresultsduringthereportingperiod
□Applicable√Notapplicable4Theimplementationandchangesofguarantee,debtrepaymentplanandotherdebtrepaymentguaranteemeasuresduringthereportingperiodandtheirimpactontherightsandinterestsofbondinvestors
√Applicable□Notapplicable
1.21YudeanfaMTN001,2121YudeanfaMTN002,21YudeanfaSCP002,22YudeanfaSCP001and21PinghaifadianMTN001arenotguaranteed.
2.Thedebtrepaymentplanoftheabove-mentioneddebtfinancinginstrumentsandotherdebtrepaymentguaranteemeasuresoftheCompanyhavenotchangedduringthereportingperiod.IV.Convertiblebond
□Applicable√NotapplicableNosuchcasesinthereportingperiod.V.Thelosswithinthescopeofconsolidatedstatementsinthereportingperiodexceeded10%ofthenetassetsattheendofthepreviousyear
□Applicable√NotapplicableVI.MainaccountingdataandfinancialindicatorsoftheCompanyinrecenttwoyearsbytheendofthereportingperiod
InRMB10,000
Attheendofthereportingperiod | Attheendoflastyear | Atthesametimerateofchange | |
Currentratio | 0.61 | 0.61 | 0% |
Debtratio | 73.72% | 71.34% | 2.38% |
Quickratio | 0.47 | 0.47 | 0% |
Amountofthisperiod | Amountoflastperiod | Atthesametimerateofchange | |
Netprofitafterdeductingnon-recurringprofitandloss | -215,681 | 39,148 | -650.94% |
EBITDAtotaldebtratio | 1.3% | 5.39% | -4.09% |
Timeinterestearnedratio | -1.02 | 1.67 | -161.08% |
Cashinterestguaranteetimes | 1.43 | 6.95 | -79.42% |
EBITDATimeinterestearnedratio | 1.01 | 4.25 | -76.24% |
Repaymentofdebt(%) | 100% | 100% | 0% |
Paymentofinterest(%) | 100% | 100% | 0% |
X.FinancialReportI.AuditreportHasthissemi-annualreportbeenaudited?
□Yes√NoThesemi-annualfinancialreporthasnotbeenaudited.II.FinancialstatementsCurrencyunitforthestatementsinthenotestothesefinancialstatements:RMB
1.ConsolidatedbalancesheetPreparedby:GuangdongElectricPowerDevelopmentCo.,Ltd.
InRMB
Items | June30,2022 | January1,2022 |
Currentasset: | ||
Monetaryfund | 10,854,693,285 | 8,105,320,953 |
Settlementprovision | ||
Outgoingcallloan | ||
Transactionalfinancialassets | ||
Derivativefinancialassets | ||
Notesreceivable | 0 | 165,603 |
Accountreceivable | 7,068,283,704 | 7,030,685,357 |
Financingofreceivables | ||
Prepayments | 1,481,378,318 | 892,771,238 |
Insurancereceivable | ||
Reinsurancereceivable | ||
ProvisionsofReinsurancecontractsreceivable | ||
Otheraccountreceivable | 955,052,963 | 2,429,475,558 |
Including:Interestreceivable | 2,581,384 | 0 |
Dividendreceivable | 0 | 5,633,417 |
Repurchasingoffinancialassets | ||
Inventories | 3,135,765,795 | 2,998,894,539 |
Contractassets | 1,044,260 | 4,754,820 |
Assetsheldforsales | ||
Non-currentassetduewithin1year | ||
Othercurrentasset | 877,369,564 | 1,417,985,608 |
Totalofcurrentassets | 24,373,587,889 | 22,880,053,676 |
Non-currentassets: | ||
Loansandpaymentonother’sbehalfdisbursed | ||
Creditor'srightinvestment | ||
Otherinvestmentonbonds | ||
Long-termreceivable | ||
Longtermshareequityinvestment | 8,426,522,587 | 8,072,208,350 |
Otherequityinstrumentsinvestment | 3,108,938,380 | 3,232,028,682 |
Othernon-currentfinancialassets | ||
Propertyinvestment | 374,128,161 | 378,796,932 |
Fixedassets | 60,916,046,309 | 57,145,099,423 |
Constructioninprogress | 5,744,786,187 | 8,710,691,765 |
Productionphysicalassets | ||
Oil&gasassets | ||
Userightassets | 5,172,621,990 | 5,256,124,979 |
Intangibleassets | 2,718,331,332 | 2,658,726,346 |
Developmentexpenses | 0 | 0 |
Goodwill | 139,983,037 | 139,983,037 |
Long-germexpensestobeamortized | 29,323,564 | 30,335,301 |
Deferredincometaxasset | 1,483,508,097 | 1,176,841,986 |
Othernon-currentasset | 4,985,384,492 | 4,810,251,634 |
Totalofnon-currentassets | 93,099,574,136 | 91,611,088,435 |
Totalofassets | 117,473,162,025 | 114,491,142,111 |
Currentliabilities | ||
Short-termloans | 15,702,140,981 | 12,360,296,429 |
LoanfromCentralBank | ||
Borrowingfunds | ||
Transactionalfinancialliabilities | ||
Derivativefinancialliabilities | ||
Notespayable | 1,881,546,000 | 1,908,780,000 |
Accountpayable | 4,805,853,502 | 6,626,567,064 |
Advancereceipts | 0 | 0 |
Contractliabilities | 17,160,884 | 5,864,811 |
Sellingofrepurchasedfinancialassets | ||
Deposittakingandinterbankdeposit | ||
Entrustedtradingofsecurities | ||
Entrustedsellingofsecurities | ||
Employees’wagepayable | 581,990,907 | 422,013,230 |
Taxpayable | 190,273,788 | 502,303,075 |
Otheraccountpayable | 9,953,740,901 | 10,569,763,778 |
Including:Interestpayable | 0 | 0 |
Dividendpayable | 9,771,322 | 9,771,322 |
Feesandcommissionspayable | ||
Reinsurancefeepayable | ||
Liabilitiesheldforsales | ||
Non-currentliabilityduewithin1year | 3,421,306,639 | 3,697,619,753 |
Othercurrentliability | 3,360,484,485 | 1,658,449,006 |
Totalofcurrentliability | 39,914,498,087 | 37,751,657,146 |
Non-currentliabilities: | ||
Reservefundforinsurancecontracts | ||
Long-termloan | 31,647,408,640 | 28,940,577,856 |
Bondpayable | 8,694,513,314 | 8,693,083,422 |
Including:preferredstock | 0 | 0 |
Sustainabledebt | 0 | 0 |
Leaseliability | 5,038,032,075 | 4,728,167,142 |
Long-termpayable | 124,372,257 | 121,779,223 |
Long-termremunerationpayabletostaff | 381,795,957 | 415,480,262 |
Expectedliabilities | ||
Deferredincome | 157,765,939 | 163,611,515 |
Deferredincometaxliability | 597,076,519 | 635,754,761 |
Othernon-currentliabilities | 50,985,667 | 75,469,729 |
Totalnon-currentliabilities | 46,691,950,368 | 43,773,923,910 |
Totalofliability | 86,606,448,455 | 81,525,581,056 |
Owners’equity | ||
Sharecapital | 5,250,283,986 | 5,250,283,986 |
Otherequityinstruments | ||
Including:preferredstock |
Sustainabledebt | ||
Capitalreserves | 4,272,909,979 | 4,295,429,055 |
Less:Sharesinstock | ||
Othercomprehensiveincome | 1,656,193,845 | 1,750,011,571 |
Specialreserve | ||
Surplusreserves | 8,903,515,135 | 8,903,515,135 |
Commonriskprovision | ||
Retainedprofit | 1,827,741,909 | 3,203,481,074 |
Totalofowner’sequitybelongtotheparentcompany | 21,910,644,854 | 23,402,720,821 |
Minorityshareholders’equity | 8,956,068,716 | 9,562,840,234 |
Totalofowners’equity | 30,866,713,570 | 32,965,561,055 |
Totalofliabilitiesandowners’equity | 117,473,162,025 | 114,491,142,111 |
Legalrepresentative:WangJinPerson-in-chargeoftheaccountingwork:LiuWeiPerson-in-chargeoftheaccountingorgan:MengFei
2.ParentCompanyBalanceSheet
InRMB
Items | June30,2022 | January1,2022 |
Currentasset: | ||
Monetaryfund | 1,651,534,569 | 708,028,634 |
Transactionalfinancialassets | ||
Derivativefinancialassets | ||
Notesreceivable | ||
Accountreceivable | 146,436,654 | 192,707,778 |
Financingofreceivables | ||
Prepayments | 26,893,925 | 26,368,250 |
Otheraccountreceivable | 321,165,984 | 415,990,566 |
Including:Interestreceivable | 859,926 | 887,856 |
Dividendreceivable | ||
Inventories | 145,544,894 | 216,808,997 |
Contractassets | ||
Assetsheldforsales | ||
Non-currentassetduewithin1year | ||
Othercurrentasset | 12,702,412 | 21,453,621 |
Totalofcurrentassets | 2,304,278,438 | 1,581,357,846 |
Non-currentassets: | ||
Debtinvestment | ||
Otherinvestmentonbonds | ||
Long-termreceivable | 677,000,000 | 627,000,000 |
Longtermshareequityinvestment | 37,339,653,831 | 36,539,978,077 |
Otherequityinstrumentsinvestment | 3,108,138,380 | 3,231,228,683 |
Othernon-currentfinancialassets | ||
Propertyinvestment | 5,436,448 | 5,754,247 |
Fixedassets | 386,257,719 | 436,327,041 |
Constructioninprogress | 2,163,857 | 1,201,126 |
Productionphysicalassets | ||
Oil&gasassets | ||
Userightassets | 6,094,058 | 8,125,410 |
Intangibleassets | 78,289,281 | 80,670,784 |
Developmentexpenses | ||
Goodwill |
Long-germexpensestobeamortized | 686,114 | 0 |
Deferredincometaxasset | 0 | 0 |
Othernon-currentasset | 136,500,000 | 136,500,000 |
Totalofnon-currentassets | 41,740,219,688 | 41,066,785,368 |
Totalofassets | 44,044,498,126 | 42,648,143,214 |
Currentliabilities | ||
Short-termloans | 2,482,315,472 | 2,442,508,111 |
Transactionalfinancialliabilities | ||
Derivativefinancialliabilities | ||
Notespayable | ||
Accountpayable | 95,082,678 | 214,080,378 |
Advancereceipts | ||
ContractLiabilities | 11,315,924 | 1,083,950 |
Employees’wagepayable | 120,027,300 | 105,045,040 |
Taxpayable | 410,739 | 8,288,884 |
Otheraccountpayable | 2,269,794,500 | 2,535,329,957 |
Including:Interestpayable | ||
Dividendpayable | ||
Liabilitiesheldforsales | ||
Non-currentliabilityduewithin1year | 129,038,626 | 125,174,953 |
Othercurrentliability | 2,726,736,951 | 1,030,040,123 |
Totalofcurrentliability | 7,834,722,190 | 6,461,551,396 |
Non-currentliabilities: | ||
Long-termloan | ||
Bondpayable | 8,195,204,720 | 8,193,949,060 |
Including:preferredstock | ||
Sustainabledebt | ||
Leaseliability | 2,403,629 | 4,251,838 |
Long-termpayable | ||
Long-termremunerationpayabletostaff | 63,599,445 | 68,648,773 |
Expectedliabilities | ||
Deferredincome | 19,992,404 | 19,992,404 |
Deferredincometaxliability | 530,839,778 | 562,112,354 |
Othernon-currentliabilities | ||
Totalnon-currentliabilities | 8,812,039,976 | 8,848,954,429 |
Totalofliability | 16,646,762,166 | 15,310,505,825 |
Owners’equity | ||
Sharecapital | 5,250,283,986 | 5,250,283,986 |
Otherequityinstruments | ||
Including:preferredstock | ||
Sustainabledebt | ||
Capitalreserves | 4,834,039,575 | 4,834,039,575 |
Less:Sharesinstock | ||
Othercomprehensiveincome | 1,670,603,582 | 1,764,421,309 |
Specialreserve | ||
Surplusreserves | 8,903,515,135 | 8,903,515,135 |
Retainedprofit | 6,739,293,682 | 6,585,377,384 |
Totalofowners’equity | 27,397,735,960 | 27,337,637,389 |
Totalofliabilitiesandowners’equity | 44,044,498,126 | 42,648,143,214 |
3.ConsolidatedIncomestatement
InRMB
Items | Thefirsthalfyearof2022 | Thefirsthalfyearof2021 |
I.Incomefromthekeybusiness | 22,611,239,733 | 20,594,038,804 |
Incl:Businessincome | 22,611,239,733 | 20,594,038,804 |
Interestincome | ||
Insurancefeeearned | ||
Feeandcommissionreceived | ||
II.Totalbusinesscost | 25,527,998,725 | 20,546,194,534 |
Incl:Businesscost | 23,114,184,606 | 19,228,178,330 |
Interestexpense | ||
Feeandcommissionpaid | ||
Insurancedischargepayment | ||
Netclaimamountpaid | ||
Netamountofwithdrawalofinsurancecontractreserve | ||
Insurancepolicydividendpaid | ||
Reinsuranceexpenses | ||
Businesstaxandsurcharge | 72,015,381 | 125,033,155 |
Salesexpense | 30,460,050 | 35,594,988 |
Administrativeexpense | 477,955,874 | 413,435,343 |
R&Dcosts | 752,324,970 | 119,749,812 |
Financialexpenses | 1,081,057,844 | 624,202,906 |
Including:Interestexpense | 1,140,777,896 | 693,307,586 |
Interestincome | 66,359,894 | 69,736,114 |
Add:Otherincome | 35,193,072 | 23,426,921 |
Investmentgain(“-”forloss) | 589,691,504 | 458,465,127 |
Incl:investmentgainsfromaffiliates | 498,927,895 | 429,715,965 |
Financialassetsmeasuredatamortizedcostceasetoberecognizedasincome | ||
Gainsfromcurrencyexchange | ||
Netexposurehedgingincome | ||
Changingincomeoffairvalue | ||
Creditimpairmentloss | 1,728,699 | -417,309 |
Impairmentlossofassets | ||
Assetsdisposalincome | 31,707,133 | 117,901,195 |
III.Operationalprofit(“-”forloss) | -2,258,438,584 | 647,220,204 |
Add:Non-operationalincome | 8,866,265 | 16,517,954 |
Less:Non-operatingexpense | 19,957,360 | 15,237,962 |
IV.Totalprofit(“-”forloss) | -2,269,529,679 | 648,500,196 |
Less:Incometaxexpenses | -146,480,556 | 160,600,093 |
V.Netprofit | -2,123,049,123 | 487,900,103 |
(I)Classificationbybusinesscontinuity | ||
1.Netcontinuingoperatingprofit | -2,123,049,123 | 487,900,103 |
2.Terminationofoperatingnetprofit | 0 | 0 |
(II)Classificationbyownership | ||
1.Netprofitattributabletotheownersofparentcompany | -1,375,739,165 | 326,629,275 |
2.Minorityshareholders’equity | -747,309,958 | 161,270,828 |
VI.Netafter-taxofothercomprehensiveincome | -93,817,727 | 84,349,552 |
Netofprofitofothercomprehensiveincomeattributabletoownersoftheparentcompany. | -93,817,727 | 84,349,552 |
(I)Othercomprehensiveincomeitemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod | -93,817,727 | 84,349,552 |
1.Re-measurementofdefinedbenefitplansofchangesinnetdebtornetassets | ||
2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss. | ||
3.Changesinthefairvalueofinvestmentsinotherequityinstruments | -93,817,727 | 84,349,552 |
4.Changesinthefairvalueofthecompany’screditrisks | ||
5.Other |
(II)Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss. | ||
1.Othercomprehensiveincomeundertheequitymethodinvesteecanbereclassifiedintoprofitorloss. | ||
2.Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
3.Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
4.Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
5.Reserveforcashflowhedges | ||
6.Translationdifferencesincurrencyfinancialstatements | ||
7.Other | ||
NetofprofitofothercomprehensiveincomeattributabletoMinorityshareholders’equity | ||
VII.Totalcomprehensiveincome | -2,216,866,850 | 572,249,655 |
Totalcomprehensiveincomeattributabletotheowneroftheparentcompany | -1,469,556,892 | 410,978,827 |
Totalcomprehensiveincomeattributableminorityshareholders | -747,309,958 | 161,270,828 |
VIII.Earningspershare | ||
(I)Basicearningspershare | -0.2620 | 0.0622 |
(II)Dilutedearningspershare | -0.2620 | 0.0622 |
Thecurrentbusinesscombinationundercommoncontrol,thenetprofitsofthecombinedpartybeforeachievednetprofitofRMB0.00,lastperiodthecombinedpartyrealizedRMB0.00.Legalrepresentative:WangJinPerson-in-chargeoftheaccountingwork:LiuWeiPerson-in-chargeoftheaccountingorgan:MengFei
4.IncomestatementoftheParentCompany
InRMB
Items | Thefirsthalfyearof2022 | Thefirsthalfyearof2021 |
I.Incomefromthekeybusiness | 549,224,797 | 665,551,244 |
Incl:Businesscost | 798,118,470 | 705,513,618 |
Businesstaxandsurcharge | 1,314,970 | 3,788,180 |
Salesexpense | 1,181,738 | 1,107,630 |
Administrativeexpense | 54,984,849 | 46,656,602 |
R&Dexpense | 13,572,929 | 0 |
Financialexpenses | 180,748,898 | 123,235,844 |
Including:Interestexpenses | 182,898,115 | 123,796,443 |
Interestincome | 3,986,671 | 2,267,082 |
Add:Otherincome | 496,298 | 61,144 |
Investmentgain(“-”forloss) | 652,477,745 | 2,007,008,902 |
Including:investmentgainsfromaffiliates | 450,257,095 | 392,738,688 |
Financialassetsmeasuredatamortizedcostceasetoberecognizedasincome | ||
Netexposurehedgingincome | ||
Changingincomeoffairvalue | ||
Creditimpairmentloss | -59,342 | -1,866 |
Impairmentlossofassets | ||
Assetsdisposalincome | ||
II.Operationalprofit(“-”forloss) | 152,217,644 | 1,792,317,550 |
Add:Non-operationalincome | 1,763,961 | 1,034,325 |
Less:Non-operationalexpenses | 65,307 | 624,872 |
III.Totalprofit(“-”forloss) | 153,916,298 | 1,792,727,003 |
Less:Incometaxexpenses | 0 | 0 |
IV.Netprofit | 153,916,298 | 1,792,727,003 |
1.Netcontinuingoperatingprofit | 153,916,298 | 1,792,727,003 |
2.Terminationofoperatingnetprofit | ||
V.Netafter-taxofothercomprehensiveincome | -93,817,727 | 84,349,552 |
(I)Othercomprehensiveincomeitemsthatwillnotbereclassifiedintogains/lossesinthesubsequentaccountingperiod | -93,817,727 | 84,349,552 |
1.Re-measurementofdefinedbenefitplansofchangesinnetdebtornetassets | ||
2.Othercomprehensiveincomeundertheequitymethodinvesteecannotbereclassifiedintoprofitorloss. | ||
3.Changesinthefairvalueofinvestmentsinotherequityinstruments | -93,817,727 | 84,349,552 |
4.Changesinthefairvalueofthecompany’screditrisks | ||
5.Other | ||
(II)Othercomprehensiveincomethatwillbereclassifiedintoprofitorloss | ||
1.Othercomprehensiveincomeundertheequitymethodinvesteecanbereclassifiedintoprofitorloss. | ||
2.Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
3.Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
4.Allowanceforcreditimpairmentsininvestmentsinotherdebtobligations | ||
5.Reserveforcashflowhedges | ||
6.Translationdifferencesincurrencyfinancialstatements | ||
7.Other | ||
VI.Totalcomprehensiveincome | 60,098,571 | 1,877,076,555 |
VII.Earningspershare | ||
(I)Basicearningspershare | 0.0293 | 0.3415 |
(II)Dilutedearningspershare | 0.0293 | 0.3415 |
5.ConsolidatedCashflowstatement
InRMB
Items | Thefirsthalfyearof2022 | Thefirsthalfyearof2021 |
I.Cashflowsfromoperatingactivities | ||
Cashreceivedfromsalesofgoodsorrendingofservices | 25,418,678,331 | 24,080,579,726 |
Netincreaseofcustomerdepositsandcapitalkeptforbrothercompany | ||
Netincreaseofloansfromcentralbank | ||
Netincreaseofinter-bankloansfromotherfinancialbodies | ||
Cashreceivedagainstoriginalinsurancecontract | ||
Netcashreceivedfromreinsurancebusiness | ||
Netincreaseofclientdepositandinvestment | ||
Cashreceivedfrominterest,commissionchargeandcommission | ||
Netincreaseofinter-bankfundreceived | ||
Netincreaseofrepurchasingbusiness | ||
Netcashreceivedbyagentinsecuritiestrading | ||
Taxreturned | 1,779,253,397 | 19,925,513 |
Othercashreceivedfrombusinessoperation | 264,049,592 | 180,056,035 |
Sub-totalofcashinflow | 27,461,981,320 | 24,280,561,274 |
Cashpaidforpurchasingofmerchandiseandservices | 25,271,904,394 | 18,008,458,333 |
Netincreaseofclienttradeandadvance | ||
Netincreaseofsavingsincentralbankandbrothercompany | ||
Cashpaidfororiginalcontractclaim | ||
Netincreaseinfinancialassetsheldfortradingpurposes | ||
NetincreaseforOutgoingcallloan | ||
Cashpaidforinterest,processingfeeandcommission | ||
Cashpaidtostaffsorpaidforstaffs | 1,089,329,670 | 1,019,053,606 |
Taxespaid | 692,608,470 | 990,676,735 |
Othercashpaidforbusinessactivities | 616,497,296 | 475,525,784 |
Sub-totalofcashoutflowfrombusinessactivities | 27,670,339,830 | 20,493,714,458 |
Netcashgeneratedfrom/usedinoperatingactivities | -208,358,510 | 3,786,846,816 |
II.Cashflowgeneratedbyinvesting | ||
Cashreceivedfrominvestmentretrieving | 623,034 | |
Cashreceivedasinvestmentgains | 240,403,213 | 227,688,525 |
Netcashretrievedfromdisposaloffixedassets,intangibleassets,andotherlong-termassets | 1,643,618,096 | 123,146,842 |
Netcashreceivedfromdisposalofsubsidiariesorotheroperationalunits | -7,173,212 | |
Otherinvestment-relatedcashreceived | 300,000 | 0 |
Sub-totalofcashinflowduetoinvestmentactivities | 1,884,944,343 | 343,662,155 |
Cashpaidforconstructionoffixedassets,intangibleassetsandotherlong-termassets | 4,446,188,809 | 4,148,574,448 |
Cashpaidasinvestment | 346,822,910 | 338,850,126 |
Netincreaseofloanagainstpledge |
Netcashreceivedfromsubsidiariesandotheroperationalunits | 103,159,958 | |
Othercashpaidforinvestmentactivities | 0 | |
Sub-totalofcashoutflowduetoinvestmentactivities | 4,793,011,719 | 4,590,584,532 |
Netcashflowgeneratedbyinvestment | -2,908,067,376 | -4,246,922,377 |
III.Cashflowgeneratedbyfinancing | ||
Cashreceivedasinvestment | 133,484,514 | 126,187,000 |
Including:Cashreceivedasinvestmentfromminorshareholders | 133,484,514 | 126,187,000 |
Cashreceivedasloans | 18,884,583,500 | 15,122,805,723 |
Otherfinancing–relatedcashreceived | ||
Sub-totalofcashinflowfromfinancingactivities | 19,018,068,014 | 15,248,992,723 |
Cashtorepaydebts | 12,110,573,262 | 12,657,634,723 |
Cashpaidasdividend,profit,orinterests | 1,025,673,784 | 1,970,950,322 |
Including:Dividendandprofitpaidbysubsidiariestominorshareholders | 25,174,599 | 606,874,009 |
Othercashpaidforfinancingactivities | 20,793,683 | 42,044,371 |
Sub-totalofcashoutflowduetofinancingactivities | 13,157,040,729 | 14,670,629,416 |
Netcashflowgeneratedbyfinancing | 5,861,027,285 | 578,363,307 |
IV.Influenceofexchangeratealternationoncashandcashequivalents | 485 | -122 |
V.Netincreaseofcashandcashequivalents | 2,744,601,884 | 118,287,624 |
Add:balanceofcashandcashequivalentsatthebeginningofterm | 8,023,116,939 | 9,405,082,609 |
VI..Balanceofcashandcashequivalentsattheendofterm | 10,767,718,823 | 9,523,370,233 |
6.CashFlowStatementoftheParentCompany
InRMB
Items | Thefirsthalfyearof2022 | Thefirsthalfyearof2021 |
I.Cashflowsfromoperatingactivities | ||
Cashreceivedfromsalesofgoodsorrendingofservices | 664,254,583 | 783,452,071 |
Taxreturned | 25,152,420 | 63,577 |
Othercashreceivedfrombusinessoperation | 566,054,241 | 20,188,753 |
Sub-totalofcashinflow | 1,255,461,244 | 803,704,401 |
Cashpaidforpurchasingofmerchandiseandservices | 799,187,397 | 581,204,165 |
Cashpaidtostaffsorpaidforstaffs | 133,850,000 | 133,944,525 |
Taxespaid | 8,275,389 | 26,292,457 |
Othercashpaidforbusinessactivities | 318,144,283 | 22,417,628 |
Sub-totalofcashoutflowfrombusinessactivities | 1,259,457,069 | 763,858,775 |
Netcashgeneratedfrom/usedinoperatingactivities | -3,995,825 | 39,845,626 |
II.Cashflowgeneratedbyinvesting | ||
Cashreceivedfrominvestmentretrieving | ||
Cashreceivedasinvestmentgains | 301,487,457 | 1,767,052,502 |
Netcashretrievedfromdisposaloffixedassets,intangibleassets,andotherlong-termassets | 11,796,295 | 532,467 |
Netcashreceivedfromdisposalofsubsidiariesorotheroperationalunits | ||
Otherinvestment-relatedcashreceived | ||
Sub-totalofcashinflowdueto | 313,283,752 | 1,767,584,969 |
investmentactivities | ||
Cashpaidforconstructionoffixedassets,intangibleassetsandotherlong-termassets | 3,607,272 | 11,365,569 |
Cashpaidasinvestment | 925,694,710 | 1,254,689,794 |
Netcashreceivedfromsubsidiariesandotheroperationalunits | ||
Othercashpaidforinvestmentactivities | ||
Sub-totalofcashoutflowduetoinvestmentactivities | 929,301,982 | 1,266,055,363 |
Netcashflowgeneratedbyinvestment | -616,018,230 | 501,529,606 |
III.Cashflowgeneratedbyfinancing | ||
Cashreceivedasinvestment | ||
Cashreceivedasloans | 3,539,536,458 | 4,399,822,000 |
Otherfinancing–relatedashreceived | 0 | 1,104,829 |
Sub-totalofcashinflowfromfinancingactivities | 3,539,536,458 | 4,400,926,829 |
Cashtorepaydebts | 1,800,000,000 | 3,900,000,000 |
Cashpaidasdividend,profit,orinterests | 176,305,840 | 738,484,034 |
Othercashpaidforfinancingactivities | 6,248 | 2,188,825 |
Sub-totalofcashoutflowduetofinancingactivities | 1,976,312,088 | 4,640,672,859 |
Netcashflowgeneratedbyfinancing | 1,563,224,370 | -239,746,030 |
IV.Influenceofexchangeratealternationoncashandcashequivalents | 485 | -122 |
V.Netincreaseofcashandcashequivalents | 943,210,800 | 301,629,080 |
Add:balanceofcashandcashequivalentsatthebeginningofterm | 707,707,282 | 338,045,631 |
VI..Balanceofcashandcashequivalentsattheendofterm | 1,650,918,082 | 639,674,711 |
7.ConsolidatedStatementonChangeinOwners’Equity
Amountinthisperiod
InRMB
Items | Thefirsthalfyearof2022 | ||||||||||||||
Owner’sequityAttributabletotheParentCompany | Minorshareholders’equity | Totalofowners’equity | |||||||||||||
ShareCapital | OtherEquityinstrument | Capitalreserves | Less:Sharesinstock | OtherComprehensiveIncome | Specializedreserve | Surplusreserves | Commonriskprovision | Retainedprofit | Other | Subtotal | |||||
Preferredstock | Sustainabledebt | Other | |||||||||||||
I.Balanceattheendoflastyear | 5,250,283,986 | 4,295,429,055 | 1,750,011,571 | 8,903,515,135 | 2,985,840,058 | 23,185,079,805 | 9,560,790,618 | 32,745,870,423 | |||||||
Add:Changeofaccountingpolicy | 217,641,016 | 217,641,016 | 2,049,616 | 219,690,632 | |||||||||||
Correctingofpreviouserrors | 0 | ||||||||||||||
Mergerofentitiesundercommoncontrol | 0 | ||||||||||||||
Other | 0 | ||||||||||||||
II.Balanceatthebeginningofcurrentyear | 5,250,283,986 | 4,295,429,055 | 1,750,011,571 | 8,903,515,135 | 3,203,481,074 | 23,402,720,821 | 9,562,840,234 | 32,965,561,055 | |||||||
III.Changedinthecurrentyear | -22,519,076 | -93,817,726 | -1,375,739,165 | -1,492,075,967 | -606,771,518 | -2,098,847,485 | |||||||||
(1)Totalcomprehensiveincome | -93,817,726 | -1,375,739,165 | -1,469,556,891 | -747,309,958 | -2,216,866,849 | ||||||||||
(II)Investmentordecreasingofcapitalbyowners | -22,519,076 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -22,519,076 | 165,672,609 | 143,153,533 | ||||
1.OrdinarySharesinvestedbyshareholders | 0 | 145,026,311 | 145,026,311 | ||||||||||||
2.Holdersofotherequityinstrumentsinvestedcapital | 0 | ||||||||||||||
3.Amountofsharespaidandaccountedasowners’equity | 0 | ||||||||||||||
4.Other | -22,519,076 | -22,519,076 | 20,646,298 | -1,872,778 | |||||||||||
(III)Profitallotment | -25,134,169 | -25,134,169 | |||||||||||||
1.Providingofsurplusreserves | 0 | ||||||||||||||
2.Providingofcommonriskprovisions | 0 | ||||||||||||||
3.Allotmenttotheowners(orshareholders) | 0 | -25,134,169 | -25,134,169 |
4.Other | |||||||||||||
(IV)Internaltransferringofowners’equity | 0 | ||||||||||||
1.Capitalizingofcapitalreserves(ortocapitalshares) | 0 | ||||||||||||
2.Capitalizingofsurplusreserves(ortocapitalshares) | 0 | ||||||||||||
3.Makinguplossesbysurplusreserves. | 0 | ||||||||||||
4.ChangeamountofdefinedbenefitplansthatcarryforwardRetainedearnings | 0 | ||||||||||||
5.Othercomprehensiveincomecarry-overretainedearnings | 0 | ||||||||||||
6.Other | 0 | ||||||||||||
(V).Specialreserves | 0 | ||||||||||||
1.Providedthisyear | 0 | ||||||||||||
2.Usedthisterm | 0 | ||||||||||||
(VI)Other | 0 | ||||||||||||
IV.Balanceattheendofthisterm | 5,250,283,986 | 4,272,909,979 | 1,656,193,845 | 8,903,515,135 | 1,827,741,909 | 21,910,644,854 | 8,956,068,716 | 30,866,713,570 |
Amountinlastyear
InRMB
Items | Thefirsthalfyearof2021 | ||||||||||||||
Owner’sequityAttributabletotheParentCompany | Minorshareholders’equity | Totalofowners’equity | |||||||||||||
ShareCapital | OtherEquityinstrument | Capitalreserves | Less:Sharesinstock | OtherComprehensiveIncome | Specializedreserve | Surplusreserves | Commonriskprovision | Retainedprofit | Other | Subtotal | |||||
Preferredstock | Sustainabledebt | Other | |||||||||||||
I.Balanceattheendoflastyear | 5,250,283,986 | 8,014,211,278 | 1,957,175,481 | 8,515,360,638 | 8,083,048,238 | 31,820,079,621 | 11,808,648,219 | 43,628,727,840 | |||||||
Add:Changeofaccountingpolicy | 0 | ||||||||||||||
Correctingofpreviouserrors | 0 | ||||||||||||||
Mergerofentitiesundercommoncontrol | 0 | ||||||||||||||
Other | 0 | ||||||||||||||
II.Balanceatthebeginningofcurrentyear | 5,250,283,986 | 8,014,211,278 | 1,957,175,481 | 8,515,360,638 | 8,083,048,238 | 31,820,079,621 | 11,808,648,219 | 43,628,727,840 | |||||||
III.Changedinthecurrentyear | 0 | 11,033,133 | 84,349,552 | 388,154,497 | -738,350,20 | -254,813,02 | -188,197,81 | -443,010,83 |
7 | 5 | 0 | 5 | ||||||||||
(1)Totalcomprehensiveincome | 84,349,552 | 326,629,275 | 410,978,827 | 161,270,829 | 572,249,656 | ||||||||
(II)Investmentordecreasingofcapitalbyowners | 11,033,133 | 11,033,133 | 264,048,171 | 275,081,304 | |||||||||
1.OrdinarySharesinvestedbyshareholders | 0 | 253,441,431 | 253,441,431 | ||||||||||
2.Holdersofotherequityinstrumentsinvestedcapital | |||||||||||||
3.Amountofsharespaidandaccountedasowners’equity | |||||||||||||
4.Other | 11,033,133 | 11,033,133 | 10,606,740 | 21,639,873 | |||||||||
(III)Profitallotment | 388,154,497 | -1,064,979,482 | -676,824,985 | -613,516,810 | -1,290,341,795 | ||||||||
1.Providingofsurplusreserves | 388,154,497 | -388,154,497 | |||||||||||
2.Providingofcommonriskprovisions | |||||||||||||
3.Allotmenttotheowners(orshareholders) | -675,886,032 | -675,886,032 | -612,608,404 | -1,288,494,436 | |||||||||
4.Other | -938,953 | -938,953 | -908,406 | -1,847,359 | |||||||||
(IV)Internaltransferringofowners’equity | |||||||||||||
1.Capitalizingofcapitalreserves(ortocapitalshares) | |||||||||||||
2.Capitalizingofsurplusreserves(ortocapitalshares) | |||||||||||||
3.Makinguplossesbysurplusreserves. | |||||||||||||
4.ChangeamountofdefinedbenefitplansthatcarryforwardRetainedearnings | |||||||||||||
5.Othercomprehensiveincomecarry-overretainedearnings | |||||||||||||
6.Other | |||||||||||||
(V).Specialreserves | |||||||||||||
1.Providedthisyear | |||||||||||||
2.Usedthisterm | |||||||||||||
(VI)Other | |||||||||||||
IV.Balanceattheendofthisterm | 5,250,283,986 | 8,025,244,411 | 2,041,525,033 | 8,903,515,135 | 7,344,698,031 | 31,565,266,596 | 11,620,450,409 | 43,185,717,005 |
8.Statementofchangeinowner’sEquityoftheParentCompanyAmountinthisperiod
InRMB
Items | Thefirsthalfyearof2022 | |||||||||||
Sharecapital | OtherEquityinstrument | Capitalreserves | Less:Sharesinstock | OtherComprehensiveIncome | Specializedreserve | Surplusreserves | Retainedprofit | Other | Totalofowners’equity | |||
Preferredstock | Sustainabledebt | Other | ||||||||||
I.Balanceattheendoflastyear | 5,250,283,986 | 4,834,039,575 | 1,764,421,309 | 8,903,515,135 | 6,585,377,384 | 27,337,637,389 | ||||||
Add:Changeofaccountingpolicy | ||||||||||||
Correctingofpreviouserrors | ||||||||||||
Other | ||||||||||||
II.Balanceatthebeginningofcurrentyear | 5,250,283,986 | 4,834,039,575 | 1,764,421,309 | 8,903,515,135 | 6,585,377,384 | 27,337,637,389 | ||||||
III.Changedinthecurrentyear | 0 | 0 | 0 | 0 | 0 | 0 | -93,817,727 | 0 | 0 | 153,916,298 | 0 | 60,098,571 |
(I)Totalcomprehensiveincome | -93,817,727 | 153,916,298 | 60,098,571 | |||||||||
(II)Investmentordecreasingofcapitalbyowners | ||||||||||||
1.OrdinarySharesinvestedbyshareholders | ||||||||||||
2.Holdersofotherequityinstrumentsinvestedcapital | ||||||||||||
3.Amountofsharespaidandaccountedasowners’equity | ||||||||||||
4.Other | ||||||||||||
(III)Profitallotment | ||||||||||||
1.Providingofsurplusreserves | ||||||||||||
2.Allotmenttotheowners(orshareholders) | ||||||||||||
3.Other | ||||||||||||
(IV)Internaltransferringofowners’equity | ||||||||||||
1.Capitalizingofcapitalreserves(ortocapitalshares) | ||||||||||||
2.Capitalizingofsurplusreserves(ortocapitalshares) | ||||||||||||
3.Makinguplossesbysurplusreserves. | ||||||||||||
4.ChangeamountofdefinedbenefitplansthatcarryforwardRetainedearnings |
5.Othercomprehensiveincomecarry-overretainedearnings | ||||||||||||
6.Other | ||||||||||||
(V)Specialreserves | ||||||||||||
1.Providedthisyear | ||||||||||||
2.Usedthisterm | ||||||||||||
(VI)Other | ||||||||||||
IV.Balanceattheendofthisterm | 5,250,283,986 | 0 | 0 | 0 | 4,834,039,575 | 0 | 1,670,603,582 | 0 | 8,903,515,135 | 6,739,293,682 | 0 | 27,397,735,960 |
Amountinlastyear
InRMB
Items | Thefirsthalfyearof2021 | |||||||||||
ShareCapital | OtherEquityinstrument | Capitalreserves | Less:Sharesinstock | OtherComprehensiveIncome | Specializedreserve | Surplusreserves | Retainedprofit | Other | Totalofowners’equity | |||
Preferredstock | Sustainabledebt | Other | ||||||||||
I.Balanceattheendoflastyear | 5,250,283,986 | 5,405,326,643 | 1,946,305,595 | 8,515,360,638 | 4,724,248,211 | 25,841,525,073 | ||||||
Add:Changeofaccountingpolicy | ||||||||||||
Correctingofpreviouserrors | ||||||||||||
Other | ||||||||||||
II.Balanceatthebeginningofcurrentyear | 5,250,283,986 | 5,405,326,643 | 1,946,305,595 | 8,515,360,638 | 4,724,248,211 | 25,841,525,073 | ||||||
III.Changedinthecurrentyear | 0 | 0 | 0 | 0 | 0 | 0 | 84,349,552 | 0 | 388,154,497 | 774,538,428 | 0 | 1,247,042,477 |
(I)Totalcomprehensiveincome | 84,349,552 | 1,792,727,003 | 1,877,076,555 | |||||||||
(II)Investmentordecreasingofcapitalbyowners | ||||||||||||
1.OrdinarySharesinvestedbyshareholders | ||||||||||||
2.Holdersofotherequityinstrumentsinvestedcapital | ||||||||||||
3.Amountofsharespaidandaccountedasowners’equity | ||||||||||||
4.Other | -571,287,069 | |||||||||||
(III)Profitallotment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 388,154,497 | -1,018,188,575 | 0 | -630,034,078 | |
1.Providingofsurplusreserves | 388,154,497 | -388,154,497 | ||||||||||
2.Allotmenttotheowners(orshareholders) | -630,034,078 | -630,034,078 | ||||||||||
3.Other | ||||||||||||
(IV)Internaltransferringofowners’equity |
1.Capitalizingofcapitalreserves(ortocapitalshares) | ||||||||||||
2.Capitalizingofsurplusreserves(ortocapitalshares) | ||||||||||||
3.Makinguplossesbysurplusreserves. | ||||||||||||
4.ChangeamountofdefinedbenefitplansthatcarryforwardRetainedearnings | ||||||||||||
5.Othercomprehensiveincomecarry-overretainedearnings | ||||||||||||
6.Other | ||||||||||||
(V)Specialreserves | ||||||||||||
1.Providedthisyear | ||||||||||||
2.Usedthisterm | ||||||||||||
(VI)Other | ||||||||||||
IV.Balanceattheendofthisterm | 5,250,283,986 | 0 | 0 | 0 | 5,405,326,643 | 0 | 2,030,655,147 | 0 | 8,903,515,135 | 5,498,786,639 | 0 | 27,088,567,550 |
III.BasicInformationoftheCompanyGuangdongElectricPowerDevelopmentCo.,Ltd.(“theCompany”)isalimitedliabilitycompanyjointlyestablishedbyGuangdongElectricPowerHoldingCompany,ChinaConstructionBank,GuangdongProvinceTrustInvestmentCompany,GuangdongPowerDevelopmentCo.,Ltd.,GuangdongInternationalTrustandChinaGuangfaBank(currentlynamedasGuangdongGuangkongGroupCo.,Ltd.).TheaddressoftheCompany’sregisteredofficeandheadofficeisF33~F36SouthTowerBuildingofYudeanSquareon2ndTianheEastRoad,Guangzhou,GuangdongProvince,thePeople’sRepublicofChina(“thePRC”).TheCompany’sparentcompanyisGuangdongEnergyGroupCo.,Ltd.(“GEGC”,previouslyGuangdongProvinceYudeanGroupCo.,Ltd.)anditsultimatecontrollingshareholderistheState-ownedAssetsSupervisionandAdministrationCommissionofthePeople’sGovernmentofGuangdongProvince.TheCompany’sissuingRMBordinaryshares(“A-share”)anddomesticlistedforeignshares(“B-share”)arelistedfortransactionsinShenzhenStockExchangerespectivelyon26November1993and28June1995.Asat30June2022,thetotalsharecapitaloftheCompanyisRMB5,250,283,986withparvalueofRMB1each.TheCompanyanditssubsidiaries(collectivelyreferredtoas“theGroup”)areprincipallyengagedinthebusinessesofdevelopingandoperatingelectricpowerplantsinGuangdong,Xingjiang,Yunnan,HunanProvinceandGuangxi,thePRC.ThefinancialstatementhasbeenapprovedforissuebytheCompany’sBoardofDirectorsonAugust26,2021.TheCompanyanditssubsidiaries(collectivelyreferredtoas“theGroup”)areprincipallyengagedinthebusinessesofdevelopingandoperatingelectricpowerplantsinGuangdongProvince,YunnanProvince,HunanProvinceandGuangxi,thePRC.ThefinancialstatementhasbeenapprovedforissuebytheCompany’sBoardofDirectorsonAugust29,2022.FortheConsolidationscopechangedoftheGroup,pleaserefertoVIIIandIX(EquityinotherentitiesIV.Basisforthepreparationoffinancialstatements
1.BasisforthepreparationThefinancialstatementsarepreparedinaccordancewiththeAccountingStandardforBusinessEnterprises-BasicStandard,andthespecificaccountingstandardsandotherrelevantregulationsissuedbytheMinistryofFinanceon15February2006andinsubsequentperiods(hereaftercollectivelyreferredtoas“theAccountingStandardforBusinessEnterprises”or“CAS”),and“InformationDisclosureRuleNo.15forCompanieswithPublicTradedSecurities-FinancialReportingGeneralProvision”issuedbyChinaSecurityRegulatoryCommission.
2.Continuousoperation.OnJune30,2022,theGroup'snetcurrentliabilitieswereRMB15.541billion,thecapitalexpenditurecommitmentwasRMB22.704billion,andtheforeigninvestmentcommitmentwasRMB1.2billion,ofwhichthetotalcapitalexpenditurecommitmentandforeigninvestmentcommitmentexpectedtobepaidwithinoneyearwasRMB8.788billion,whichposedacertainliquidityrisk.ThenetcurrentliabilitiesaremainlyduetothefactthatsomecapitalexpendituresoftheGrouparesupportedbyshort-termloans.Inviewoftheabove,theBoardofDirectorsoftheCompanyhascarefullyconsideredthefutureworkingcapital,operatingconditionsandavailablefinancingsourcesoftheGroupwhenevaluatingtheGroup'sgoingconcerncapability.TheGrouphasformulatedthefollowingplansandmeasurestoreducethepressureonworkingcapitalandimproveitsfinancialposition:
(i)(i)TheGrouphasmaintainedalong-termandgoodcooperativerelationshipwithvariousfinancialinstitutions(includingGuangdongEnergyGroupFinanceCo.,Ltd.("EnergyGroupFinanceCompany"),anassociateoftheCompany,andGuangdongEnergyFinanceLeasingCo.,Ltd.("EnergyGroupFinanceLeasingCompany"),thusenablingtheGrouptoobtainsufficientfinancingcreditlinesfromthesefinancialinstitutions.OnJune30,2022,thecreditlinesoftheGroup'scontractedavailablefinancialinstitutionsandtheapprovedbondissuancelinestotaledaboutRMB43.582billion,ofwhichthecreditlineprovidedbyEnergyGroupFinanceCompanywasaboutRMB13.759billion,thefinancinglineprovidedbyEnergyGroupFinanceLeasingCompanywasaboutRMB6.188billion,andthecreditlineprovidedbyothercommercialbankswasaboutRMB22.835billion;andthefinancingamountofmedium-termnotesregisteredinChina'sinterbankmarketwasRMB800million.Amongthecreditlinesoftheabove-mentionedcontractedavailablefinancialinstitutions,aboutRMB10.931billionwillexpirebeforeJune30,2023.Accordingtothecommunicationresultsbetweenthemanagementandrelevantfinancialinstitutions,itisexpectedthatthesecreditlinescanbeextendedfor12monthsuponexpiration.(ii)(ii)TheBoardofDirectorsoftheCompanyhasreviewedthecashflowforecastoftheGrouppreparedbythemanagement,whichcoversaperiodofnotlessthan12monthsfromJune30,2022.Thecashflowforecastisbasedonthemanagement'sjudgmentsandassumptionsoncertainfutureitems,anditsrealizationwilldependontheachievementoftheGroup'splansandaseriesofplansandmeasuresunderimplementation,including:(1)TheGroupwillcontinuouslymonitorthefinancialindicatorsofitsaffiliatedcompanies,andimprovetheoperationandfinancingstructureofitssubsidiariesthroughvariousmeasures,includingbutnotlimitedtomeasuressuchasprovidingfinancingsupportandcapitalincrease,sothatitssubsidiariescancontinuouslymeettherequirementsstipulatedintheloanagreementintheforeseeablefuture;(2)TheGroupcancontinuouslymeetthefinancingconditionsofexistingbanksandobtainnecessaryloanrenewalandnewloans,includingthefinancingfromtheEnergyGroupFinanceCompanyandFinanceLeasingCompany.Whennecessary,itcansuccessfullyconductexternalfinancingbyissuingcorporatebonds,medium-termnotesandultra-short-termfinancingbonds;Onthebasisoffullyconsideringtheabove-mentionedmeasuresthattheGroupisimplementingorplanningtoimplement,themanagementisconvincedthattheGroupwillbeabletoobtainsufficientfundstopayitsoperatingexpenses,capitalexpenditurecommitmentwithinoneyearandrepayitsduedebtsinthenext12monthsfromJune30,2022.Therefore,themanagementconsidersitappropriatetopreparethefinancialstatementsonthebasisofgoingconcern.V.SignificantaccountingpoliciesandaccountingestimatesSpecificaccountingpoliciesandaccountingestimatestips:
TheGroupdeterminesspecificaccountingpoliciesandaccountingestimatesbasedonthecharacteristicsofproductionandoperation,whicharemainlyreflectedinthemeasurementofexpectedcreditlossesofreceivables(Note5(10)),costingofinventory(Note5(15)),fixedassetdepreciationandintangibleassetamortisation(Notes5(24),(30,(29)),impairmentoflong-termassets(Note5(31)),timingofrevenuerecognition(Note5(43)),deferredtaxassetsanddeferredtaxliabilities(Note5(41)),etc.DetailsoftheGroup'scriticaljudgementsusedindeterminingsignificantaccountingpoliciesaresetforthinNote5(44).
1.ComplyingwiththestatementsinAccountingStandardsforBusinessEnterprisesThefinancialReportandstatementsarepreparedwithcompliancetotherequirementoftheEnterpriseAccountingStandard.TheyreflectthefinancialpositionasofJune30,2022aswellasthebusinessperformanceandcashflowsituationinthefirsthalfof2022oftheCompanyfranklyandcompletely.
2.AccountingperiodFiscalyearisdatedfromGregoriancalendarJan.,1toGregoriancalendarDecember.,31.TheaccountingofthefinancialstatementsduringtheperiodstartsfromJanuary1,2022to6monthsendedJune30,2022.
3.OperatingcycleThebusinesscyclesforprincipalactivitiesareusuallylessthan12months.
4.StandardcurrencyforbookkeepingTheCompanyadoptsCNYtoprepareitsfunctionalstatements.
5.Accountingprocessmethodofenterpriseconsolidationundersameanddifferentcontrolling.
(1)BusinesscombinationsinvolvingenterprisesundercommoncontrolTheconsiderationthecombiningpartypaidforthecombinationandthecarryingamountofthenetassetsobtainedaremeasuredatcarryingamount.Thedifferencebetweenthecarryingamountofthenetassetsobtainedandthecarryingamountofconsiderationpaidforthecombinationisadjustedtosharepremium(capitalpremium)inthecapitalreserve.Ifthebalanceofsharepremium(capitalpremium)isinsufficient,anyexcessisadjustedtoretainedearnings.Anycostsdirectlyattributabletothecombinationarerecognizedinprofitorlossforthecurrentperiodwhenoccurred.Thetransactioncostsofissuingequityordebtsecuritiesforbusinesscombinations.
(2)BusinesscombinationsnotinvolvingenterprisesundercommoncontrolTheacquirer’scombiningcostsandtheidentifiablenetassetsobtainedattheacquisitiondatearemeasuredatfairvalue.Ifthecombiningcostsaregreaterthanthefairvalueofidentifiablenetassetsattheacquisitiondate,thedifferenceisrecognizedasgoodwill;ifthecombiningcostsarelessthanthefairvalueofidentifiablenetassetsattheacquisitiondate,thedifferenceisrecognizedinprofitorlossforthecurrentperiod.Thedirectacquisition-relatedcostsarisingfromthebusinesscombinationarerecognizedasexpensesintheperiodsinwhichthecostsareincurred.Thecostsoftheissuanceofequityordebtsecuritiesasapartoftheconsiderationpaidfortheacquisitionareincludedasapartofinitialrecognitionamountoftheequityordebtsecurities.
6.PreparationoftheconsolidatedfinancialstatementsTheconsolidatedfinancialstatementscomprisethefinancialstatementsoftheCompanyandallofitssubsidiaries.SubsidiariesareconsolidatedfromthedateonwhichtheGroupobtainscontrolandarede-consolidatedfromthedatethatsuchcontrolceases.Forasubsidiarythatisacquiredinabusinesscombinationinvolvingenterprisesundercommoncontrol,itisincludedintheconsolidatedfinancialstatementsfromthedatewhenit,togetherwiththeCompany,comesundercommoncontroloftheultimatecontrollingparty.Theportionofthenetprofitsrealisedbeforethecombinationdateispresentedseparatelyintheconsolidatedincomestatement.Inthepreparationofconsolidatedfinancialstatements,iftheaccountingpoliciesoraccountingperiodamongtheCompanyandsubsidiariesareinconsistent,thefinancialstatementsofsubsidiarieshavebeenadjustedtoconformtotheCompany’spoliciesandaccountingperiod.Forbusinesscombinationnotobtainedundercommoncontrol,
thefinancialstatementshavebeenadjustedbasedonthefairvalueofnetrecognisableassetontheacquisitiondate.Allsignificantintra-groupbalances,transactionsandunrealisedprofitsareeliminatedintheconsolidatedfinancialstatements.Theportionofsubsidiaries’owners’equityandtheportionofsubsidiaries’netprofitsandlossesandcomprehensiveincomesfortheperiodnotattributabletotheCompanyarerecognisedasminorityinterests,netprofitattributedtominorityinterestsandtotalcomprehensiveincomesattributedtominorityinterestsandpresentedseparatelyintheconsolidatedfinancialstatementsunderowners’equity,netprofitsandtotalcomprehensiveincomerespectively.WhentheCompanysellsassetstosubsidiaries,theunrealisedgainsandlossesshouldfullyoffsetthenetprofitattributedtoshareholdersoftheparentcompany;whensubsidiariessellassetstotheCompany,theunrealisedgainsandlossesshouldbeassignedandoffsetbetweenthenetprofitattributedtoshareholdersoftheparentcompanyandminorityinterestsaccordingtotheCompany’sdistributionratioofthesubsidiary.Theunrealisedgainsandlossesbetweensubsidiariesshouldbeassignedandoffsetbetweenthenetprofitattributedtoshareholdersoftheparentcompanyandminorityinterestsaccordingtotheparentcompany’sdistributionratioofthesubsidiary.Inpreparingtheconsolidatedfinancialstatements,wheretheaccountingpoliciesandtheaccountingperiodsoftheCompanyandsubsidiariesareinconsistent,thefinancialstatementsofthesubsidiariesareadjustedinaccordancewiththeaccountingpoliciesandtheaccountingperiodoftheCompany.Forsubsidiariesacquiredfrombusinesscombinationsinvolvingenterprisesnotundercommoncontrol,theindividualfinancialstatementsofthesubsidiariesareadjustedbasedonthefairvalueoftheidentifiablenetassetsattheacquisitiondate.
7.Classificationofjointventurearrangementandaccountingtreatmentmethodsforjointoperation
8.CashandcashequivalentsCashandcashequivalentscomprisecashonhand,demanddeposits,andshort-term,highlyliquidinvestments,whicharereadilyconvertibleintoknownamountsofcashandaresubjecttoaninsignificantriskofchangeinvalue.
9.ForeigncurrencytransactionsForeigncurrencytransactionsaretranslatedintorecordingcurrencyusingtheexchangeratesprevailingatthedatesofthetransactions.Atthebalancesheetdate,monetaryitemsdenominatedinforeigncurrenciesaretranslatedintoRMBusingthespotexchangeratesonthebalancesheetdate.Exchangedifferencesarisingfromthesetranslationsarerecognisedinprofitorlossforthecurrentperiod,exceptforthoseattributabletoforeigncurrencyborrowingsthathavebeentakenoutspecificallyforacquisitionorconstructionofqualifyingassets,whicharecapitalisedaspartofthecostofthoseassets.Non-monetaryitemsdenominatedinforeigncurrenciesthataremeasuredathistoricalcostsaretranslatedatthebalancesheetdateusingthespotexchangeratesatthedateofthetransactions.Theeffectofexchangeratechangesoncashispresentedseparatelyinthecashflowstatement.
10.FinancialinstrumentsFinancialinstrumentsrefertocontractsthatformfinancialassetsofonepartyandfinancialliabilitiesorequityinstrumentsofotherparties.WhentheGroupbecomesapartytoafinancialinstrumentcontract,therelevantfinancialassetsorfinancialliabilitiesarerecognized.
(a)Financialassets(i)ClassificationandmeasurementAccordingtothebusinessmodelformanagingfinancialassetsandthecontractualcashflowcharacteristicsoffinancialassets,theGroupclassifiesfinancialassetsinto:(1)Financialassetsmeasuredinamortizedcost;(2)Financialassetsmeasuredatfairvalue,whosechangesareincludedinothercomprehensiveincome;(3)Financialassetsmeasuredatfairvalueandwhosechangesareincludedincurrentprofitsandlosses.Theinitialmeasurementoffinancialassetsiscalculatedbyusingfairvalue.Forfinancialassetsmeasuredatfairvalue,whosechangesareincludedincurrentprofitsandlosses,relevanttransactioncostsaredirectlyincludedincurrentprofitsandlosses;Forothertypesoffinancialassets,relevanttransactioncostsareincludedintheinitialrecognitionamount.AccountsreceivableornotesreceivablearisingfromthesaleofproductsortheprovisionoflaborservicesthatdonotincludeortakeintoaccountsignificantfinancingcomponentsareinitiallyrecognizedbytheGroupinaccordancewiththeamountofconsiderationthattheGroupisexpectedtobeentitledtoreceive.DebtinstrumentDebtinstrumentsheldbytheGrouprefertoinstrumentsthatmeetthedefinitionoffinancialliabilitiesfromtheperspectiveoftheissuerandaremeasuredinthefollowingways:
Measuredinamortizedcost:
TheGroup'sbusinessmodelformanagingsuchfinancialassetsistocollectthecontractualcashflow,andthecontractualcashflowcharacteristicsofsuchfinancialassetsareconsistentwiththebasiclendingarrangements,thatis,thecashflowgeneratedonaspecificdateisonlythepaymentofprincipalandinterestbasedontheamountofoutstandingprincipal.TheGrouprecognizesinterestincomeforsuchfinancialassetsaccordingtotheeffectiveinterestratemethod.Suchfinancialassetsmainlyincludemonetaryfunds,accountsreceivable,otherreceivablesandlong-termreceivables.TheGrouplistslong-termreceivablesduewithinoneyear(includingoneyear)fromthebalancesheetdateasnon-currentassetsduewithinoneyear.EquityinstrumentsTheGroupwillmeasuretheequityinstrumentinvestmentsthatithasnocontrol,jointcontrolandsignificantinfluenceonatfairvalue,andtheirchangesareincludedinthecurrentprofitsandlosses,andlistedastradingfinancialassets.Inaddition,theGroupdesignatedsomenon-tradingequityinstrumentinvestmentsasfinancialassetsmeasuredatfairvaluewithchangesincludedinothercomprehensiveincomeandlistedthemasotherequityinstrumentinvestments.Dividendincomerelatedtosuchfinancialassetsisincludedincurrentprofitsandlosses.(ii)ImpairmentForfinancialassetsmeasuredinamortizedcost,theGrouprecognizeslossreservesonthebasisofexpectedcreditlosses.TheGrouptakesintoaccountreasonableandreliableinformationonhistoricalevents,currentsituationandfutureeconomicsituationforecasts,andusestheriskofdefaultastheweighttocalculatetheprobabilityweightedamountofthepresentvalueofthedifferencebetweenthecashflowreceivablefromthecontractandthecashflowexpectedtobereceivedtoconfirmtheexpectedcreditloss.Oneachbalancesheetdate,theGroupseparatelymeasurestheexpectedcreditlossesoffinancialinstrumentsatdifferentstages.Ifthecreditriskoffinancialinstrumentshasnotincreasedsignificantlysincetheinitialconfirmation,itisinthefirststage.TheGroupmeasuresthelossreserveaccordingtotheexpectedcreditlossinthenext12months;Ifthecreditriskofafinancialinstrumenthasincreasedsignificantlysinceitsinitialrecognitionbutnocreditimpairmenthasoccurred,itisinthesecondstage.TheGroupmeasuresthelossreserveaccordingtotheexpectedcreditlossoftheinstrumentthroughouttheduration;Ifafinancialinstrumenthassufferedcreditimpairmentsinceitsinitialrecognition,itisinthethirdstage.TheGroupmeasuresthelossreserve
accordingtotheexpectedcreditlossoftheinstrumentthroughouttheduration.Forfinancialinstrumentswithlowcreditriskonthebalancesheetdate,theGroupassumesthattheircreditriskhasnotincreasedsignificantlysincetheinitialconfirmation,andmeasuresthelossreserveaccordingtotheexpectedcreditlossinthenext12months.Forfinancialinstrumentsinthefirstandsecondstagesandwithlowcreditrisk,theGroupcalculatesinterestincomebasedonthebookbalancebeforedeductingimpairmentprovisionsandtheactualinterestrate.Forfinancialinstrumentsinthethirdstage,theinterestincomeshallbecalculatedaccordingtotheirbookbalanceminustheamortizedcostafterimpairmentprovisionandtheactualinterestrate.Foraccountsreceivable,regardlessofwhetherthereisanysignificantfinancingcomponent,theGroupmeasuresthelossreserveaccordingtotheexpectedcreditlossthroughouttheduration.Whenasinglefinancialassetcannotevaluatetheexpectedcreditlossinformationatareasonablecost,theGroupdividesthereceivablesintoseveralcombinationsaccordingtothecreditriskcharacteristics,calculatestheexpectedcreditlossonthebasisofthecombinations,anddeterminesthecombinationonthefollowingbasis:
Accountreceivableportfolio1:AccountsreceivablefromelectricitysalesAccountreceivableportfolio2:RelatedpartyreceivableAccountreceivableportfolio3:OtheraccountreceivableOtherAccountreceivableportfolio1:AdvancepaymentsreceivablepettycashandotherreceivableForaccountsreceivabledividedintocombinations,theGroupreferstothehistoricalcreditlossexperience,combinesthecurrentsituationwiththeforecastoffutureeconomicsituation,compilesacomparisontableofoverduedaysofaccountsreceivableandtheexpectedcreditlossrateforthewholeduration,andcalculatestheexpectedcreditloss.Forotherreceivablesdividedintoportfolios,theGroupreferstothehistoricalcreditlossexperience,combinesthecurrentsituationwiththeforecastoffutureeconomicsituation,andcalculatestheexpectedcreditlossthroughdefaultriskexposureandtheexpectedcreditlossratewithinthenext12monthsorthewholeduration.TheGroupincludestheaccruedorreversedlossreservesintothecurrentprofitsandlosses.(iii)DerecognitionoffinancialassetsAfinancialassetisderecognisedwhen:(i)thecontractualrightstothecashflowsfromthefinancialassetexpire,(ii)thefinancialassethasbeentransferredandtheGrouptransferssubstantiallyalltherisksandrewardsofownershipofthefinancialassettothetransferee,or(iii)thefinancialassethasbeentransferredandtheGrouphasnotretainedcontrolofthefinancialasset,althoughtheGroupneithertransfersnorretainssubstantiallyalltherisksandrewardsofownershipofthefinancialasset.Whentheinvestmentinotherequityinstrumentsisderecognized,thedifferencebetweenthebookvalueandtheconsiderationreceivedandtheaccumulatedamountofthechangesinfairvalueoriginallyincludedinothercomprehensiveincomeshallbeincludedintheretainedincome;Onderecognitionofafinancialasset,thedifferencebetweenthecarryingamountandthesumoftheconsiderationreceivedandthecumulativechangesinfairvaluethathadbeenrecogniseddirectlyinowners’equity,isrecognisedinprofitorloss.(b)FinancialliabilitiesFinancialliabilitiesareclassifiedintothefollowingcategoriesatinitialrecognition:financialliabilitiesatfairvaluethroughprofitorlossandotherfinancialliabilities.ThefinancialliabilitiesoftheGroupareothercomprisefinancialliabilities,includingpayables,borrowingsanddebenturespayable.Thiskindoffinancialliabilitiesareinitiallymeasuredaccordingtotheirfairvalueafterdeductingtransactioncosts,andaresubsequentlymeasuredusingtheeffectiveinterestratemethod.Ifthetermislessthanoneyear(includingoneyear),itshallbelistedascurrentliabilities;Ifthetermismorethanoneyearbutexpireswithinoneyear(includingoneyear)fromthebalancesheetdate,itshallbelistedasnon-currentliabilities
duewithinoneyear;Therestislistedasnon-currentliabilities.Whenthecurrentobligationofthefinancialliabilityhasbeendischargedinwholeorinpart,theGroupterminatestherecognitionofthepartofthefinancialliabilityorobligationthathasbeendischarged.Thedifferencebetweenthebookvalueoftheterminationrecognitionandtheconsiderationpaidshallbeincludedintheprofitandlossofthecurrentperiod.(c)DeterminationofthefairvalueofthefinancialinstrumentsThefairvalueofafinancialinstrumentthatistradedinanactivemarketisdeterminedatthequotedpriceintheactivemarket.Thefairvalueofafinancialinstrumentthatisnottradedinanactivemarketisdeterminedbyusingavaluationtechnique.Valuationtechniquesincludeusingpricesofrecentmarkettransactionsbetweenknowledgeableandwillingparties,referencetothecurrentfairvalueofanotherfinancialassetthatissubstantiallythesamewiththisinstrument,anddiscountedcashflowanalysis,etc.Whenavaluationtechniqueisusedtoestablishthefairvalueofafinancialinstrument,itmakesthemaximumuseofobservablemarketinputsandreliesaslittleaspossibleonentity-specificinputs.Whentheobservableinputsarenotavailableorareunrealistictoobtained,unobservableinputsshallbeused
11.NotereceivableSeeNoteV(10)FinancialInstrumentsfordetails.
12.AccountreceivableSeeNoteV(10)FinancialInstrumentsfordetails.
13.Financingreceivable
14.Otheraccountreceivable
Determinationmethodofexpectedcreditlossofotherreceivablesandaccountingtreatmentmethod
SeeNoteV(10)FinancialInstrumentsfordetails.
15.Inventories(a)ClassificationInventoriesincludefuelandsparepartsmeasuredatthelowerofcostandnetrealisablevalue..(b)CostofinventoriestransferredoutCostoffueltransferredoutiscalculatedusingtheweightedaveragemethod.Sparepartsareamortisedinfullwhenreceivedforuse.(c)BasisfordeterminingthenetrealisablevalueofinventoriesandprovisioningmethodsfordeclineinvalueofinventoriesAnyexcessofthecostoverthenetrealisablevalueofinventoriesisrecognisedasaprovisionfordiminutioninthevalueofinventories.Netrealisablevalueismeasuredbytheestimatedsellingpriceintheordinarycourseofbusinesslesstheestimatedcostsnecessarytomakethesaleandrelevanttaxes.(d)TheGroupmaintainsaperpetualinventorysystem..(e)Amortizationmethodsoflow-valueconsumablesLow-valueconsumablesareamortizedinfullamount.
16.ContractassetsSeeNoteV(10)FinancialInstrumentsfordetails.
17.Contractcosts
18.Held-for-saleassets
19.Creditor'srightsinvestment
20.OtherCreditor'srightsinvestment
21.Long-termaccountreceivableSeeNoteV(10)FinancialInstrumentsfordetails.
22.Long-termequityinvestment
Long-termequityinvestmentscomprisetheCompany’slong-termequityinvestmentsinitssubsidiariesandtheGroup’slong-termequityinvestmentsinitsassociates.SubsidiariesaretheinvesteesoverwhichtheCompanyisabletoexercisecontrol.AssociatesaretheinvesteesoverwhichtheGrouphassignificantinfluence,butnotcontrol,ontheirfinancialandoperatingpolicies.InvestmentsinsubsidiariesarepresentedintheCompany’sfinancialstatementsusingthecostmethod,andareadjustedtotheequitymethodwhenpreparingtheconsolidatedfinancialstatements.Investmentsinassociatesareaccountedforusingtheequitymethod.(a)DeterminationofinvestmentcostForlong-termequityinvestmentsacquiredthroughabusinesscombination:forlong-termequityinvestmentsacquiredthroughabusinesscombinationinvolvingenterprisesundercommoncontrol,theinvestmentcostshallbetheabsorbingparty’sshareofthecarryingamountofowners’equityofthepartybeingabsorbedatthecombinationdate;forlong-termequityinvestmentacquiredthroughabusinesscombinationinvolvingenterprisesnotundercommoncontrol,theinvestmentcostshallbethecombinationcost.Forlong-termequityinvestmentsacquirednotthroughabusinesscombination:ifthelong-termequityinvestmentsareacquiredincash,theinitialinvestmentcostshallbethepurchasepriceactuallypaid;ifthelong-termequityinvestmentsareacquiredbyissuingequitysecurities,theinitialinvestmentcostshallbethefairvalueoftheequitysecurities.(b)SubsequentmeasurementandrecognitionofrelatedprofitandlossForlong-termequityinvestmentsaccountedforusingthecostmethod,theyaremeasuredattheinitialinvestmentcosts,andcashdividendsorprofitdistributiondeclaredbytheinvesteesarerecognisedasinvestmentincomeinprofitorloss.Forlong-termequityinvestmentsaccountedforusingtheequitymethod,wheretheinitialinvestmentcostexceedstheGroup’sshareofthefairvalueoftheinvestee’sidentifiablenetassetsatthetimeofacquisition,theinvestmentisinitiallymeasuredatcost.WheretheinitialinvestmentcostislessthantheGroup’sshareofthefairvalueoftheinvestee’sidentifiablenetassetsatthetimeofacquisition,thedifferenceisincludedinprofitorlossforthecurrentperiodandthecostofthelong-termequityinvestmentisadjustedaccordingly.Forlong-termequityinvestmentsaccountedforusingtheequitymethod,theGrouprecognisestheinvestmentincomeorlossesaccordingtoitsshareofnetprofitorlossoftheinvestee.TheGroupdiscontinuesrecognisingits
shareofnetlossesofaninvesteeafterthecarryingamountofthelong-termequityinvestmenttogetherwithanylong-termintereststhat,insubstance,formpartoftheinvestor’snetinvestmentintheinvesteearereducedtozero.However,iftheGrouphasobligationsforadditionallossesandthecriteriawithrespecttorecognitionofprovisionsundertheaccountingstandardsoncontingenciesaresatisfied,theGroupcontinuesrecognisingtheinvestmentlossesandtheprovisions.TheCompanyshalladjustthecarryingamountofthelongterminvestmentforotherchangesinshareholders’equityoftheinvestee(otherthannetprofitsorlosses),andincludethecorrespondingadjustmentinshareholders’equity.ThecarryingamountoftheinvestmentisreducedbytheGroup’sshareoftheprofitdistributionorcashdividendsdeclaredbyaninvestee.Theunrealisedprofitsorlossesarisingfromtheintra-grouptransactionsamongsttheGroupanditsinvesteesareeliminatedinproportiontotheGroup’sequityinterestintheinvestees,andthenbasedonwhichtheinvestmentgainsorlossesarerecognised.Forthelossontheintra-grouptransactionamongsttheGroupanditsinvesteesattributabletoassetimpairment,anyunrealisedlossisnoteliminated.(c)BasisfordeterminingexistenceofcontrolandsignificantinfluenceoverinvesteesControlisthepowertogoverntheinvesteesoastoobtainvariablereturnsbyparticipatingintherelatedbusinessactivitiesoftheinvesteesandtheabilitytoaffectthereturnsbyexercisingitspowerovertheinvestees.Jointcontrolisthecontractuallyagreedsharingofcontroloveraninvestee’seconomicactivities,andexistsonlywhenthestrategicfinancialandoperatingdecisionsrelatingtotheactivitiesrequiretheunanimousconsentoftheGroupandthepartiessharingthecontrol.Significantinfluenceisthepowertoparticipateinthefinancialandoperatingpolicydecisionsoftheinvestee,butisnotcontrolorjointcontroloverthosepolicies.(d)Impairmentoflong-termequityinvestThecarryingamountoflong-termequityinvestmentsinsubsidiaries,jointventure,andassociatesisreducedtotherecoverableamountwhentherecoverableamountislessthanthecarryingamount(Note5(31).
23.InvestmentpropertiesThemeasurementmodeofinvestmentpropertyThemeasurementbythecostmethodDepreciationoramortizationmethodInvestmentproperties,includinglanduserightsthathavealreadybeenleasedoutandbuildingsthatareheldforthepurposeofleasingaremeasuredinitiallyatcost.SubsequentexpendituresincurredinrelationtoaninvestmentpropertiesareincludedinthecostoftheinvestmentpropertywhenitisprobablethattheassociatedeconomicbenefitswillflowtotheGroupandtheircostscanbereliablymeasured;otherwise,theexpendituresarerecognisedinprofitorlossintheperiodinwhichtheyareincurred.TheGroupadoptsthecostmodelforsubsequentmeasurementofinvestmentproperties.Buildingsandlanduserightsaredepreciatedoramortisedtotheirestimatednetresidualvaluesovertheirestimatedusefullives.Theestimatedusefullives,theestimatednetresidualvaluesthatareexpressedasapercentageofcostandtheannualdepreciation(amortization)ratesofinvestmentpropertiesareasfollows:
Estimatedusefullives | Estimatednetresidualvalue | Annualdepreciationrates |
HouseandBuilding
HouseandBuilding | 20-40years | 0%to5% | 2.38%to4.75% |
Landuseright | 60years | 0% | 1.67% |
Theinvestmentproperty’sestimatedusefullife,netresidualvalueanddepreciation(amortisation)methodappliedarereviewedandadjustedasappropriateateachyear-end.Whenaninvestmentpropertyistransferredtoowner-occupiedproperties,itisreclassifiedasfixedassetatthe
dateofthetransfer.Thecarryingamountofthefixedassetshallbemeasuredonthebasisoffairvalueoftheinvestmentproperty.Aninvestmentpropertyisderecognisedondisposalorwhentheinvestmentpropertyispermanentlywithdrawnfromuseandnofutureeconomicbenefitsareexpectedfromitsdisposal.Thenetamountofproceedsfromsale,transfer,retirementordamageofaninvestmentpropertyafteritscarryingamountandrelatedtaxesandexpensesisrecognisedinprofitorlossforthecurrentperiod.Thecarryingamountofaninvestmentpropertyisreducedtotherecoverableamountiftherecoverableamountisbelowthecarryingamount(NoteV(31)).
24.Fixedassets
(1)RecognitionoffixedassetsFixedassetscompriseplantandbuilding,powergeneratorequipment,motorvehiclesandotherequipment.FixedassetisrecognisedwhenitisprobablethattherelatedeconomicbenefitswillflowtotheGroupanditscostcanbereliablymeasured.FixedassetspurchasedorconstructedbytheGroupareinitiallymeasuredatcostattheacquisitiondate.Thefixedassetsinjectedbythestate-ownedshareholderduringtherestructuringofcorporationwereinitiallyrecordedatthevaluatedamountapprovedbytherelevantauthoritiesmanagingstate-ownedassets.SubsequentexpendituresincurredforafixedassetareincludedinthecostofthefixedassetwhenitisprobablethattheeconomicbenefitsassociatedwiththefixedassetwillflowtotheGroupandthecostscanbereliablymeasured.Thecarryingamountofthosepartsthatarereplacedisderecognisedandalltheothersubsequentexpendituresarerecognisedinincomestatementwhentheyareincurred.
(2)Depreciationoffixedassets
Category | Themethodfordepreciation | Expectedusefullife(Year) | Estimatedresidualvalue | Depreciation |
Houseandbuilding | Straight-linemethod | 10to50years | 0%to5% | 1.90%to9.50% |
Generationequipment | Straight-linemethod | 5-35years | 0%to5% | 2.71%to20% |
Transportationequipment | Straight-linemethod | 5-15years | 0%to5% | 6.33%to20% |
Otherequipment | Straight-linemethod | 5-22years | 0%to5% | 4.32%to20% |
Fixedassetsaredepreciatedusingthestraight-linemethodtoallocatethecostoftheassetstotheirestimatednetresidualvaluesovertheirestimatedusefullives.Forthefixedassetsthathavebeenprovidedforimpairmentloss,therelateddepreciationchargeisprospectivelydeterminedbasedupontheadjustedcarryingamountsovertheirremainingusefullives.Theestimatedusefullifeandtheestimatednetresidualvalueofafixedassetandthedepreciationmethodappliedtotheassetarereviewed,andadjustedasappropriateateachyear-end.(a)Thecarryingamountsoffixedassetsarereducedtotherecoverableamountswhentherecoverableamountsarebelowtheircarryingamounts(NoteV(31)).(b)DisposalsoffixedassetsAfixedassetisderecognisedondisposalorwhennofutureeconomicbenefitsareexpectedfromitsuseordisposal.Theamountofproceedsfromdisposalsonsale,transfer,retirementordamageofafixedassetnetofitscarryingamountandrelatedtaxesandexpensesisrecognisedinprofitorlossforthecurrentperiod.
(3)CognizanceevidenceandpricingmethodoffinancialleasingfixedassetsSeeNoteV(42)Leasefordetails.
25.ConstructioninprogressConstructioninprogressismeasuredatitsactualcostsincurred.Actualcostsincludeconstructioncost,installationcost,capitalisedborrowingcosts,andanyothercostsdirectlyattributabletobringingtheassettoworkingconditionforitsintendeduse.Whentheconstructioninprogressisreadyforitsintendeduse,itistransferredtofixedassetsandstartsdepreciationthefollowingmonth.Whenrecoverableamountoftheconstructioninprogressislowerthanitscarryingvalue,itscarryingvalueisthenreducedtotherecoverableamount(NoteV(31)).
26.BorrowingcostsTheborrowingcoststhataredirectlyattributabletotheacquisitionandconstructionofafixedassetthatneedsasubstantiallylongperiodoftimeofacquisitionandconstructionforitsintendedusecommencetobecapitalisedandrecordedaspartofthecostoftheassetwhenexpendituresfortheassetandborrowingcostshavebeenincurred,andtheactivitiesrelatingtotheacquisitionandconstructionthatarenecessarytopreparetheassetforitsintendedusehavecommenced.Thecapitalisationofborrowingcostsceaseswhentheassetunderacquisitionorconstructionbecomesreadyforitsintendeduse,theborrowingcostsincurredthereafterarerecognisedinincomestatement.Capitalisationofborrowingcostsissuspendedwhentheacquisitionorconstructionofafixedassetisinterruptedabnormallyandtheinterruptionlastsformorethan3months,untiltheacquisitionorconstructionisresumed.Forthespecificborrowingsobtainedfortheacquisitionorconstructionofafixedassetqualifyingforcapitalisation,theamountofborrowingcostseligibleforcapitalisationisdeterminedbydeductinganyinterestincomeearnedfromdepositingtheunusedspecificborrowingsinthebanksoranyinvestmentincomearisingonthetemporaryinvestmentofthoseborrowingsduringthecapitalisationperiod.Forthegeneralborrowingsobtainedfortheacquisitionorconstructionofafixedassetqualifyingforcapitalisation,theamountofborrowingcostseligibleforcapitalisationisdeterminedbyapplyingtheweightedaverageeffectiveinterestrateofgeneralborrowings,totheweightedaverageoftheexcessamountofcumulativeexpendituresontheassetovertheamountofspecificborrowings.Theeffectiveinterestrateistherateatwhichtheestimatedfuturecashflowsduringtheperiodofexpecteddurationoftheborrowingsorapplicableshorterperiodarediscountedtotheinitialamountoftheborrowings.
27.BiologicalAssets
28.Oil&Gasassets
29.RighttouseassetsTheGrouprecognizestheright-to-useassetsonthestartdateoftheleaseterm,andrecognizestheleaseliabilitiesaccordingtothepresentvalueoftheunpaidleasepayments.Theleasepaymentamountincludesthefixedpaymentamount,andtheamounttobepaidwhenitisreasonablydeterminedtoexerciseorterminatethecalloption.Thevariablerentdeterminedaccordingtoacertainpercentageofthesalesamountisnotincludedintheleasepaymentamount,butisincludedinthecurrentprofitsandlosseswhenitactuallyoccurs.TheGroup
liststheleaseliabilitiespaidwithinoneyear(includingoneyear)fromthebalancesheetdateasnon-currentliabilitiesduewithinoneyear.Theright-to-useassetsoftheGroupincluderentedhousesandbuildings,machinery,equipmentandmeansoftransport,etc.Theright-to-useassetsareinitiallymeasuredaccordingtothecost,whichincludestheinitialmeasuredamountoftheleaseliabilities,theleasepaymentamountandtheinitialdirectexpensespaidonorbeforethestartdateoftheleaseterm,etc.,withthereceivedleaseincentivesdeducted.IftheGroupcanreasonablydeterminethattheownershipoftheleasedassetisacquiredattheexpirationoftheleaseterm,depreciationshallbeaccruedwithintheremainingservicelifeoftheleasedasset;Ifitisimpossibletoreasonablydeterminewhethertheownershipoftheleasedassetcanbeacquiredattheexpirationoftheleaseterm,depreciationshallbeaccruedwithintheleasetermortheremainingservicelifeoftheleasedasset,whicheverisshorter.Whentherecoverableamountislowerthanthebookvalueoftheright-to-useassets,theGroupwillwritedownitsbookvaluetotherecoverableamount.Forshort-termleaseswithaleasetermofnomorethan12monthsandlow-valueassetleaseswithlowvaluewhenasingleassetisbrandnew,theGroupchoosesnottorecognizetheright-to-useassetsandleaseliabilities,andincludetherelatedrentalexpensesinthecurrentprofitsandlossesorrelatedassetcostsbythestraight-linemethodineachperiodoftheleaseterm.Whentheleasechangesandthefollowingconditionsaremet,theGroupwilltreatitasaseparateleaseforaccounting:(1)Theleasechangeexpandstheleasescopebyincreasingtherighttouseoneormoreleasedassets;(2)Theincreasedconsiderationisequivalenttotheamountoftheseparatepriceoftheexpandedpartoftheleasescopeadjustedaccordingtothecontract.Whentheleasechangeisnottreatedforaccountingasaseparatelease,exceptforsimplifiedmethodadoptedforcontractchangedirectlycausedbytheCOVID-19,theGroupredeterminestheleasetermontheeffectivedateoftheleasechange,andusesthereviseddiscountratetodiscountthechangedleasepaymentandre-measuretheleaseliabilities.Iftheleasescopeisreducedortheleasetermisshortenedduetoleasechange,theGroupshallcorrespondinglyreducethebookvalueoftheright-to-useassets,andincludetherelatedgainsorlossesofpartialorfullterminationofleaseinthecurrentprofitsandlosses.Ifotherleasechangesleadtothere-measurementofleaseliabilities,theGroupwilladjustthebookvalueoftheright-to-useassetsaccordingly.
30.Intangibleassets
1.ValuationMethod,ServiceLifeandImpairmentTestofIntangibleAssetsIntangibleassetsmainlyincludinglanduserights,seauserights,software,associatedprojectsforelectricitytransmissionandtransformation,microwaveengineeringandtransportationengineeringaremeasuredatcost.Intangibleassetscontributedbythestate-ownedshareholdersattheincorporationofalimitedcompanyareinitiallyrecordedatthevaluationamountrecognisedbythestate-ownedassetssupervisionandadministrationdepartment.(a)LanduserightandseauserightLanduserightsareamortizedonastraight-linebasisovertheirapprovedperiodof20to70years.Ifthepurchasecostsoflandandattachedbuildingscannotbereasonablyallocatedbetweenthelanduserightandthebuildings,thepurchasecostsarerecognisedasfixedassets.(b)OtherintangibleassetsBesideslanduseright,seauseright,associatedprojectsforelectricitytransmissionandtransformation,microwaveengineeringandtransportationengineering,otherintangibleassetsareamortizedonastraight-linebasisovertheirexpectedlifeof2yearsto60years.
(c)PeriodicreviewonusefullifeandmethodofamortizationForintangibleassetswithfiniteusefullife,theirexpectedlifeandamortizationmethodarereviewedandadjustedattheendofeveryyear.(d)Impairmentofintangibleassets
Thecarryingamountofintangibleassetsisreducedtotherecoverableamountwhentherecoverableamountislessthanthecarryingamount(NoteV(31)).
(2)ResearchanddevelopmentTheexpenditureonaninternalresearchanddevelopmentprojectisclassifiedintoexpenditureontheresearchphaseandexpenditureonthedevelopmentphasebasedonitsnatureandwhetherthereismaterialuncertaintythattheresearchanddevelopmentactivitiescanformanintangibleassetattheendoftheproject.Expenditureontheresearchphaseisrecognisedinprofitorlossintheperiodinwhichitisincurred.Expenditureonthedevelopmentphaseiscapitalisedonlyifallofthefollowingconditionsaresatisfied:
?managementintendstocompletetheintangibleasset,anduseorsellit;?itcanbedemonstratedhowtheintangibleassetwillgenerateeconomicbenefits:productswith?theapplicationofintangibleassetsortheintangibleassetsthemselvescanprovetohavemarketvalue,intangibleassetsforinternaluseapplicationcanprovetobeofusefulness;?thereareadequatetechnical,financialandotherresourcestocompletethedevelopmentand?theabilitytouseorselltheintangibleasset;?itistechnicallyfeasibletocompletetheintangibleassetsothatitwillbeavailableforuseor?sale;and?theexpenditureattributabletotheintangibleassetduringitsdevelopmentphasecanbereliably?measured.Otherdevelopmentexpendituresthatdonotmeettheconditionsabovearerecognisedinprofitorlossintheperiodinwhichtheyareincurred.Developmentcostspreviouslyrecognisedasexpensesarenotrecognisedasanassetinasubsequentperiod.Capitalisedexpenditureonthedevelopmentphaseispresentedasdevelopmentcostsinthebalancesheetandtransferredtointangibleassetsatthedatethattheassetisreadyforitsintendeduse.
31.Impairmentoflong-termassetsFixedassets,constructioninprogress,intangibleassetswithfiniteusefullives,investmentpropertymeasuredatcostandlong-termequityinvestmentsinsubsidiaries,jointventure,andassociatesaretestedforimpairmentifthereisanyindicationthatanassetmaybeimpairedatthebalancedate.Iftheresultoftheimpairmenttestindicatesthattherecoverableamountoftheassetislessthanitscarryingamount,aprovisionforimpairmentandanimpairmentlossarerecognisedfortheamountbywhichtheasset’scarryingamountexceedsitsrecoverableamount.Therecoverableamountisthehigherofanasset’sfairvaluelesscoststosellandthepresentvalueofthefuturecashflowsexpectedtobederivedfromtheasset.Aprovisionforassetimpairmentisdeterminedandrecognisedonanindividualassetbasis.Ifitisnotpossibletoestimatetherecoverableamountofanindividualasset,therecoverableamountofthegroupofassetstowhichtheassetbelongsisdetermined.Agroupofassetsisthesmallestgroupofassetsthatisabletogenerateindependentcashinflows.Goodwillthatisseparatelypresentedinthefinancialstatementsistestedatleastannuallyforimpairment,irrespectiveofwhetherthereisanyindicationthatitmaybeimpaired.Inconductingthetest,thecarryingvalueofgoodwillisallocatedtotherelatedassetgrouporgroupsofassetgroupswhichareexpectedtobenefitfromthesynergiesofthebusinesscombination.Iftheresultofthetestindicatesthattherecoverableamountofanassetgrouporagroupofassetgroups,includingtheallocatedgoodwill,islowerthanitscarryingamount,thecorrespondingimpairmentlossisrecognised.Theimpairmentlossisfirstdeductedfromthecarryingamountofgoodwillthatisallocatedtotheassetgrouporgroupofassetgroups,andthendeductedfromthecarryingamountsofotherassetswithintheassetgrouporgroupofassetgroupsinproportiontothecarryingamountsof
assetsotherthangoodwill.Oncetheassetimpairmentlossmentionedaboveisrecognised,itisnotallowedtobereversedforthevaluerecoveredinthesubsequentperiods.
32.Long-termdeferredexpensesLong-termprepaidexpensesincludetheexpenditureforimprovementstofixedassetsheldunderoperatingleases,andotherexpendituresthathavebeenincurredbutshouldberecognisedasexpensesovermorethanoneyearinthecurrentandsubsequentperiods.Long-termprepaidexpensesareamortisedonthestraight-linebasisovertheexpectedbeneficialperiodandarepresentedatactualexpenditurenetofaccumulatedamortisation.
33.ConstractLiabilitiesSeeNoteV(39)Revenuefordetails.
34.Employeebenefits
(1)Short-termemployeebenefitsShort-termremunerationsmainlyincludewagesorsalaries,bonuses,allowancesandsubsidies,staffwelfare,medicalinsurance,workinjuryinsurance,maternityinsurance,housingfunds,labourunionfunds,employeeeducationfunds,short-termpaidabsence.Short-termremunerationsarerecognisedascurrentliabilitiesintheaccountingperiodinwhichtheservicehasbeenrenderedbytheemployees,andascostsofassetsorexpensestowhichevertheemployeeserviceisattributable.Non-monetarybenefitsaremeasuredatfairvalue.
(2)Post–employmentbenefitsTheCompany’spost-employmentbenefitsschemeincludesbothDefinedContributionPlan(DCP)andDefinedBenefitPlan(DBP).ADCPisapensionplanunderwhichtheCompanypaysfixedcontributionsintoaseparateentityandhasnolegalorconstructiveobligationstopayfurthercontributionsifthefunddoesnotholdsufficientassetstopayallemployeesthebenefitsrelatingtoemployeeserviceinthecurrentandpriorperiods.ADBPisapensionplanthatisnotadefinedcontributionplan.Duringtheperiodsofreporting,theCompany’spost-employmentbenefitsschememainlyincludesbasicpensioninsuranceandunemploymentinsurances,bothofwhichareDCP.BasicpensioninsuranceEmployeesoftheGrouphaveenteredintothesocialpensioninsuranceschemeorganisedbylocallabourandsocialsecuritydepartment.TheGrouppaysbasicpensioninsurancestolocallabourandsocialsecuritydepartmentmonthlyaccordingtolocalinsurancebaseandcorrespondingrate.Locallabourandsocialsecuritydepartmentisobligatedtopaybasicpensionstoretiredemployees.SupplementarypensioninsuranceThecompanypurchasessupplementarypensioninsuranceonbehalfofemployees,andpayspensioninsurancesaccordingtothepoliciesofEnergyGroup.Theamountsbasedontheabovecalculationsarerecognisedasliabilitiesintheaccountingperiodinwhichtheservicehasbeenrenderedbytheemployees,withacorrespondingchargetotheprofitorlossforthecurrentperiodorthecostofrelevantassets.DefinedbenefitplanFordefinedbenefitplan,theGroupusedtheprojectedunitcreditmethodandincludestheobligationofthedefinedbenefitplanintheaccountingperiodinwhichtheservicehasbeenrenderedbytheemployees,withacorrespondingchargetotheprofitorlossfortheperiod.Thecostofemployeebenefitsarisingfromdefinedbenefitplansareclassifiedintothefollowingparts:
—servicecost(includingcurrentservicecostaswellasgainsandlossesoncurtailmentsandsettlements);—netinterestexpensesonnetliabilitiesofthedefinedbenefitplan(includinginterestexpensesforobligationsofthedefinedbenefitplan);and—ChangesarisingfromremeasurementonnetliabilitiesofdefinedbenefitplansServicecostandnetinterestexpensesonnetliabilitiesofdefinedbenefitplansareincludedinprofitorlossforthecurrentperiod.Changesarisingfromremeasurementonnetliabilitiesofdefinedbenefitplans(includingactuarialgainsorlosses)areincludedinothercomprehensiveincome.
(3)TerminationbenefitsTheGroupprovidescompensationforterminatingtheemploymentrelationshipwithemployeesbeforetheendoftheemploymentcontractsorasanoffertoencourageemployeestoacceptvoluntaryredundancybeforetheendoftheemploymentcontracts.TheGrouprecognisesaliabilityarisingfromcompensationforterminationoftheemploymentrelationshipwithemployees,withacorrespondingchargetoprofitorlossattheearlierofthefollowingdates:1)whentheGroupcannotunilaterallywithdrawtheofferofterminationbenefitsbecauseofanemploymentterminationplanoracurtailmentproposal;2)whentheGrouprecognisescostsorexpensesrelatedtotherestructuringthatinvolvesthepaymentofterminationbenefits.
(4)Otherlong-termemployeebenefitsEarlyretirementbenefitsTheGroupprovidesearlyretirementbenefitsforemployeeswhoenrolledininternalretirementarrangement.EarlyretirementbenefitsrefertowagesandsocialbenefitpaidbytheGrouponbehalfoftheemployeeswhohavenotmeetretirementagerequirementbutvoluntarilyretireafterpermissionfromtheGroup’smanagementlevel.TheGroupstartspayingearlyretirementbenefitstoearlyretiredemployeesfromthestartdateoftheirearlyretirementuntiltheyreachthestatutoryretirementage.Fortheaccountingtreatmentofearlyretirementbenefits,theGroupadoptsthesamemethodasterminationbenefits,thatis,uponconfirmingtheterminationbenefitscomplywithrelevantconditions,proposedpaymentofearlyretirementwages.andsocialsecurityfromthestartdateofterminationofservicestothedateofstatutoryretirementagearerecognisedasliabilityandrecordedintoprofitandlossatlumpsum.Thediscrepancycausedbychangeinactuarialassumptionandadjustmentofwelfarestandardisrecordedintocurrentprofitorloss.
35.LeaseliabilitiesSeeNoteV(42)Leasefordetails.
36.EstimatedLiabilitiesProvisionsforproductwarranties,onerouscontractsetc.arerecognisedwhentheGrouphasapresentobligation,itisprobablethatanoutflowofeconomicbenefitswillberequiredtosettletheobligation,andtheamountoftheobligationcanbemeasuredreliably.Aprovisionisinitiallymeasuredatthebestestimateoftheexpenditurerequiredtosettletherelatedpresentobligation.Factorssurroundingacontingency,suchastherisks,uncertaintiesandthetimevalueofmoney,aretakenintoaccountasawholeinreachingthebestestimateofaprovision.Wheretheeffectofthetimevalueofmoneyismaterial,thebestestimateisdeterminedbydiscountingtherelatedfuturecashoutflows.Theincreaseinthediscountedamountoftheprovisionarisingfrompassageoftimeisrecognisedasinterestexpense.Thecarryingamountofprovisionsisreviewedateachbalancesheetdateandadjustedtoreflectthecurrentbestestimate.TheGrouprecognisesthelossprovisionoffinancialguaranteecontractswhichprovisionisbasedonECL.Theprovisionsexpectedtobesettledwithinoneyearsincethebalancesheetdateareclassifiedascurrent
liabilities.
37.Sharepayment
38.Otherfinancialinstrumentssuchaspreferredstocksandperpetualbonds
39.RevenueAccountingpoliciesadoptedforincomerecognitionandmeasurementWhenthecustomerobtainsthecontroloftherelevantgoodsorservices,theGrouprecognizestheincomeaccordingtotheexpectedamountofconsiderationthatitisentitledtoreceive.(a)RevenuefromsalesofelectricityandheatenergyRevenueisrecognisedwhenelectricityandheatenergyaresuppliedtogridcompaniesorcustomers,andgridcompaniesorcustomersobtaincontroloverelectricity.(b)Revenuefromsalesofby-productsRevenuefromthesalesofgoodsisrecognisedwhentheGrouptransfersby-products(suchascoalash)producedbyelectricitygenerationstothedesignateddeliveryplacepursuanttothecontractoragreement,therecipientresourceutilisationconfirmsreceiptandtheyobtaincontrolovertheby-products.(c)ProvisionofelectricpowertransactionserviceFortheelectricpowertransactionserviceprovidedbytheGrouptoexternalparties,uponthereceivingoftheservice,revenueisrecognisedbasedonthedifferencebetweenthepurchasepriceandthesellingpriceofelectricity.(d)RenderingofservicesTheGroupprovidesmaintenanceservicestoexternalparties.Therelatedrevenueisrecognisedbasedonthestageofcompletionwithinacertainperiod,whichisdeterminedbasedonproportionofcostsincurredtodatetotheestimatedtotalcosts.Onthebalancesheetdate,theGroupre-estimatesthestageofcompletiontoreflecttheactualstatusofcontractperformance.WhentheGrouprecognisesrevenuebasedonthestageofcompletion,theamountwithunconditionalcollectionrightobtainedbytheGroupisrecognisedasaccountsreceivable,andtherestisrecognisedascontractassets.Meanwhile,lossprovisionforaccountsreceivableandcontractassetsarerecognisedonthebasisofECLs(NoteV(10)).Ifthecontractpricereceivedorreceivableexceedstheamountforthecompletedservice,theexcessportionwillberecognisedascontractliabilities.Contractassetsandcontractliabilitiesunderthesamecontractarepresentedonanetbasis.Contractcostsincludecontractperformancecostsandcontractacquisitioncosts.ThecostsincurredbytheGroupfortherenderingofmaintenanceservicesarerecognisedascontractperformancecostsandarecarriedforwardtothecostofmainoperationsbasedonthestageofcompletionwhenassociatedrevenueisrecognised.TheGroupprovidesexternalmaintenanceservice,revenueisrecognisedaccordingtothepercentagecompletionmethod,determinedbypercentageofthetotalcostincurred.Theadoptionofdifferentbusinessmodelsinsimilarbusinessesleadstodifferencesinaccountingpoliciesforincomerecognition
40.GovernmentgrantsGovernmentgrantsrefertothemonetaryornon-monetaryassetsobtainedbytheGroupfromthegovernment,includingtaxreturn,financialsubsidyandetc.GovernmentgrantsarerecognisedwhenthegrantscanbereceivedandtheGroupcancomplywithallattachedconditions.Ifagovernmentgrantisamonetaryasset,itwillbemeasuredattheamountreceivedorreceivable.Ifagovernmentgrantisanon-monetaryasset,itwillbemeasuredatitsfairvalue.Ifitisunabletoobtainitsfairvaluereliably,itwillbemeasuredatitsnominalamount.GovernmentgrantsrelatedtoassetsrefertogovernmentgrantswhichareobtainedbytheGroupforthepurposesofpurchase,constructionoracquisitionofthelong-termassets.Governmentgrantsrelatedtoincomerefertothegovernmentgrantsotherthanthoserelatedtoassets.Governmentgrantsrelatedtoassetsarerecordedasdeferredincomeandrecognisedinprofitorlossonasystemicbasisovertheusefullivesoftheassets.Governmentgrantsrelatedtoincomethatcompensatetheincurredcosts,expensesorlossesarerecognisedinprofitorloss.Governmentgrantsrelatedtoincomethatcompensatefuturecosts,expensesorlossesarerecordedasdeferredincomeandrecognisedinprofitorlossinreportingtherelatedcosts,expensesorlosses;governmentgrantsrelatedtoincomethatcompensateincurredcosts,expensesorlossesarerecognisedinprofitorlossdirectlyinthecurrentperiod.
41.Deferredincometaxassets/DeferredincometaxliabilityDeferredtaxassetsanddeferredtaxliabilitiesarecalculatedandrecognisedbasedonthedifferencesarisingbetweenthetaxbasesofassetsandliabilitiesandtheircarryingamounts(temporarydifferences).Deferredtaxassetisrecognisedforthedeductiblelossesthatcanbecarriedforwardtosubsequentyearsfordeductionofthetaxableprofitinaccordancewiththetaxlaws.NodeferredtaxliabilitiesisrecognisedforthetemporarydifferencesresultingfromtheinitialrecognitionofGoodwill.Nodeferredtaxassetordeferredtaxliabilityisrecognisedforthetemporarydifferencesresultingfromtheinitialrecognitionofassetsorliabilitiesduetoatransactionotherthanabusinesscombination,whichaffectsneitheraccountingprofitnortaxableprofit(ordeductibleloss).Atthebalancesheetdate,deferredtaxassetsanddeferredtaxliabilitiesaremeasuredatthetaxratesthatareexpectedtoapplytotheperiodwhentheassetisrealisedortheliabilityissettled.Deferredtaxassetsareonlyrecognisedfordeductibletemporarydifferences,deductiblelossesandtaxcreditstotheextentthatitisprobablethattaxableprofitwillbeavailableinthefutureagainstwhichthedeductibletemporarydifferences,deductiblelossesandtaxcreditscanbeutilised.Deferredtaxliabilitiesarerecognisedfortemporarydifferencesarisingfrominvestmentsinsubsidiaries,jointventure,andassociates,exceptwheretheGroupisabletocontrolthetimingofreversalofthetemporarydifference,anditisprobablethatthetemporarydifferencewillnotreverseintheforeseeablefuture.Whenitisprobablethatthetemporarydifferencesarisingfrominvestmentsinsubsidiariesandassociateswillbereversedintheforeseeablefutureandthatthetaxableprofitwillbeavailableinthefutureagainstwhichthetemporarydifferencescanbeutilised,thecorrespondingdeferredtaxassetsarerecognised.Deferredtaxassetsandliabilitiesareoffsetwhen:
?thedeferredtaxesarerelatetothesametaxpayerwithintheGroupandsamefiscalauthority,and;??thattaxpayerhasalegallyenforceablerighttooffsetcurrenttaxassetsagainstcurrenttaxliabilities.
42.Leases
(1)AccountingofoperationalleasingWhentheGroupoperatesleasedbuildings,machinery,equipmentandmeansoftransport,therentalincomefromoperatingleaseisrecognizedonastraight-linebasisduringtheleaseperiod.Thevariablerentdetermined
accordingtoacertainproportionofthesalesamountisincludedintherentalincomewhenitactuallyoccurs.ForrentreliefdirectlyduetotheCOVID-19epidemicandonlybeforeJune30,2022,theGroupchosetoadoptasimplifiedmethod,takingthereliefrentasvariablerent,andrecordingthereliefamountinthecurrentprofitsandlossesduringthereliefperiod.Exceptforthecontractchangesdirectlycausedbytheabove-mentionedCOVID-19epidemic,whentheleasechanges,theGrouptakesitasanewleasefromtheeffectivedateofthechange,andtakestheleasereceiptsreceivedinadvanceorreceivablerelatedtotheleasebeforethechangeasthenewleasereceipts.
(2)AccountingtreatmentoffinancingleasingSeeNoteV(39
43.OthersignificantaccountingpoliciesandestimatesSegmentinformation:
TheGroupidentifiesoperatingsegmentsbasedontheinternalorganizationstructure,managementrequirementsandinternalreportingsystem,anddisclosessegmentinformationofreportablesegmentswhicharedeterminedonthebasisofoperatingsegments.AnoperatingsegmentisacomponentoftheGroupthatsatisfiesallofthefollowingconditions:(1)thecomponentisabletoearnrevenuesandincurexpensesfromitsordinaryactivities;(2)whoseoperatingresultsareregularlyreviewedbytheGroup’smanagementtomakedecisionsaboutresourcestobeallocatedtothesegmentandtoassessitsperformance,and(3)forwhichtheinformationonfinancialposition,operatingresultsandcashflowsisavailabletotheGroup.Iftwoormoreoperatingsegmentshavesimilareconomiccharacteristicsandsatisfycertainconditions,theyareaggregatedintoonesingleoperatingsegment.CriticalaccountingestimatesandjudgementsTheGroupcontinuallyevaluatesthecriticalaccountingestimatesandkeyjudgementsappliedbasedonhistoricalexperienceandotherfactors,includingexpectationsoffutureeventsthatarebelievedtobereasonableunderthecircumstances.(a)KeyjudgementincriticalaccountingpolicyCriticalaccountingestimatesandkeyassumptionslistedbellowcontainsignificantriskstomajorchangesonthecarryingamountofassestsandliabilitiesinthefollowingaccoutingyear:
(i)ClassficationoffinancialassetsTheGroupdeterminestheclassificationoffinancialassetsbasedonthesignificantjudgementofanalysisofbusinessmodelandcashflowcharacteristics.TheGroupdeterminesthebusinessmodelofmanagingfinancialassetsbasedontheleveloffinancialassets’group.Theconsiderationfactorsincludethemeansofassessingandreportingtothekeymanagementtheperformanceofthefinancialassets,therisksthathinderstheperformanceassetsandthemanagingstyle,andthemeansofpaymenttoitsownmanagementpersonnel.Themajorjudgmentindeterminingwhetherthecontractualcashflowcharacteristicsofthefinancialassetsisinconsistencyoftheborrowingarrangementincludes:whetherthereisachangeintheamountofprincipalorthetimingofthedurationwhenrepaymentinadvanceandetc.occurs;whetherthemereconsiderationsofinterestaretimevalueofthemoney,creditrisk,otherbasicrisksofdebtandconsiderationforcostandprofit.Forexample,thejudgmentontheamountofrepaymentinadvanceshouldbewhetherornottheamountonlyreflectstheunpaidprinciple,theinterestthatiscalculatedbasedontheunpaidprincipleandthereasonablecompensationforterminatingthecontractinadvance.(ii)AssessmentofsignificantincreaseincreditriskTheassessmentoftheGrouponwhethertheincreaseofcreditriskissignificantincludeschangesinoneormore
thanoneindicators:theconditionsofthedebtor’sbusiness,theinternalandexternalcreditrating,thesignificantchangeintheactualorexpectedoperationresult,thevalueofcollateralassetorthesignificantdecreaseinthecreditratingoftheguarantor.TheassessmentoftheGrouponwhetheracreditlossoccursincludesthedebtorsareinfinancialdifficulties,intherestructureofdebtsorpossiblysubjecttobankruptcy(b)Criticalaccountingestimatesandkeyassumptions(i)Estimatesonimpairmentoflong-termassetsAsdescribedinNote5(20),fixedassets,constructioninprogress,intangibleassetswithfiniteusefullives,investmentpropertiesthataremeasuredatcostandlong-termequityinvestmentsinsubsidiaries,jointventuresandassociatesaretestedforimpairmentifthereareindicationsthattheassetsmaybeimpairedatthebalancesheetdate.Whenassessingwhethertheaboveassetsareimpaired,managementmainlyevaluatesandanalyses:(i)whethereventsaffectingassetimpairmentoccurred;(ii)whetherthepresentvalueofexpectedcashflowsarisingfromthecontinuinguseordisposaloftheassetislowerthanitscarryingamount;and(iii)whetherthesignificantassumptionsusedinthecalculationofthepresentvalueoftheestimatedcashflowsareappropriate.RelevantassumptionsadoptedbytheGrouptodetermineimpairment,e.g.changesinassumptionsondiscountrateandgrowthrateusedtocalculatethepresentvalueoffuturecashflows,mayhavematerialimpactonthepresentvalueusedintheimpairmenttest,andcauseimpairmentintheabove-mentionedlong-termassetsoftheGroup.(ii)MeasurementofexpectedcreditlossesTheGroupcalculatesexpectedcreditlossesthroughdefaultriskexposureandexpectedcreditlossrate,anddeterminestheexpectedcreditlossratebasedondefaultprobabilityanddefaultlossrate.Indeterminingtheexpectedcreditlossrate,theGroupusesdatasuchasinternalhistoricalcreditlossexperience,etc.,andadjustshistoricaldatabasedoncurrentconditionsandforward-lookinginformation.Whenconsideringforward-lookinginformation,theindicatorsusedbytheGroupincludetheriskofeconomicdownturn,theexternalmarketenvironment,thetechnologicalenvironmentandchangesincustomerconditions.TheGroupregularlymonitorsandreviewsassumptionsrelatedtothecalculationofexpectedcreditlosses.
(iii)PointofrevenuerecognitionWithregardtosalesofelectricitytogridcompanies,theGroupsupplieselectricitytogridcompaniesinaccordancewiththecontract.Thengridcompanieshavetherighttosellelectricityandsetpriceatitssolediscretion,andtaketherisksofanypricefluctuationanddamagesorlossesoftheproducts.TheGroupbelievesthatthegridcompaniesobtaincontroloverelectricpoweruponreceivingtheelectric.Therefore,revenueisrecognisedaccordingly.(b)CriticalaccountingestimatesandkeyassumptionsThecriticalaccountingestimatesandkeyassumptionsthathaveasignificantriskofcausingamaterialadjustmenttothecarryingamountsofassetsandliabilitieswithinthenextaccountingyearareoutlinedbelow:
(i)Accountingestimatesonimpairmentoflong-termassetsAsdescribedinNotev(31),fixedassets,constructioninprogress,intangibleassetswithfiniteusefullives,investmentpropertiesthataremeasuredatcostandlong-termequityinvestmentsinsubsidiaries,jointventuresandassociatesaretestedforimpairmentifthereisanyindicationthatanassetmaybeimpairedatthebalancesheetdate.Iftheresultoftheimpairmenttestindicatesthattherecoverableamountofanassetislessthanitscarryingamount,aprovisionforimpairmentandanimpairmentlossarerecognisedfortheamountbywhichtheasset’scarryingamountexceedsitsrecoverableamount.Therecoverableamountisthehigherofanasset’sfairvaluelesscoststosellandthepresentvalueofthefuturecashflowsexpectedtobederivedfromtheasset.These
calculationsrequireuseofaccountingestimates.Whenassessingwhethertheaboveassetsareimpaired,managementmainlyevaluatesandanalyses:(i)whethereventsaffectingassetimpairmentoccurred;(ii)whetherthepresentvalueofexpectedcashflowsarisingfromthecontinuinguseordisposaloftheassetislowerthanitscarryingamount;and(iii)whetherthesignificantassumptionsusedinthecalculationofthepresentvalueoftheestimatedcashflowsareappropriate.RelevantassumptionsadoptedbytheGrouptodetermineimpairment,e.g.changesinassumptionsondiscountrate,growthrateandgrossmarginsusedtocalculatethepresentvalueoffuturecashflows,mayhavematerialimpactonthepresentvalueusedintheimpairmenttest,andcauseimpairmentintheabove-mentionedlong-termassetsoftheGroup.(ii)MeasurementofECLsTheGroupcalculatesECLsthroughdefaultriskexposureandECLrate,anddeterminestheECLratebasedondefaultprobabilityanddefaultlossrate.IndeterminingtheECLrate,theGroupusesdatasuchasinternalhistoricalcreditlossexperience,etc.,andadjustshistoricaldatabasedoncurrentconditionsandforward-lookinginformation.Whenconsideringforward-lookinginformation,theGroupconsidereddifferentmacroeconomicscenarios.SignificantmacroeconomicassumptionsrelatedtotheestimationofECLsincludetheriskofeconomicdownturn,theexternalmarketenvironment,thetechnologicalenvironment,changesincustomerconditions,grossdomesticproduct,consumerpriceindex,etc.TheGroupregularlymonitorsandreviewsassumptionsrelatedtothecalculationofECLs.In2022,theGroupupdatedvaluesofforward-lookingparametersusedinECLmodeltoreflecttheimpactofCOVID-19onECLsoffinancialinstrumentinatimelymanner.(iii)IncometaxanddeferredincometaxTheGroupissubjecttoenterpriseincometaxinnumerousjurisdictions.Therearesometransactionsandeventsforwhichtheultimatetaxdeterminationisuncertainduringtheordinarycourseofbusiness.SignificantjudgementisrequiredfromtheGroupindeterminingtheprovisionforincometaxesineachofthesejurisdictions.Wherethefinaltaxoutcomeofthesemattersisdifferentfromtheamountsthatwereinitiallyrecorded,suchdifferenceswillimpacttheincometaxanddeferredtaxprovisionsintheperiodinwhichsuchdeterminationismade.AsstatedinNoteVI,somesubsidiariesoftheGrouparehigh-techenterprises.Thehigh-techenterprisecertificateiseffectiveforthreeyears.Uponexpiration,applicationforhigh-techenterpriseidentificationshouldbesubmittedagaintotherelevantgovernmentauthorities.Basedonthehistoricalexperienceofreassessmentforhigh-techenterpriseuponexpirationandtheactualconditionofthesubsidiaries,theGroupconsidersthatthesubsidiariesareabletoobtainthequalificationforhigh-techenterprisesinfutureyears,andthereforeapreferentialtaxrateof15%isusedtocalculatethecorrespondingdeferredincometax.Ifsomesubsidiariescannotobtainthequalificationforhigh-techenterpriseuponexpiration,thenthesubsidiariesaresubjecttoastatutorytaxrateof25%forthecalculationoftheincometax,whichfurtherinfluencestherecogniseddeferredtaxassets,deferredtaxliabilitiesandincometaxexpenses.Deferredtaxassetsarerecognisedforthedeductibletaxlossesthatcanbecarriedforwardtosubsequentyearstotheextentthatitisprobablethattaxableprofitwillbeavailableinthefutureagainstwhichthedeductibletaxlossescanbeutilised.Taxableprofitthatwillbeavailableinthefutureincludesthetaxableprofitthatwillberealisedthroughnormaloperationsandthetaxableprofitthatwillbeincreaseduponthereversaloftaxabletemporarydifferencesincurredinpriorperiods.Judgmentsandestimatesarerequiredtodeterminethetimeandamountsoftaxableprofitinthefuture.Anydifferencebetweentherealityandtheestimatemayresultinadjustmenttothecarryingamountofdeferredtaxassets.
44.Changeofmainaccountingpoliciesandestimations
(1)Changeofmainaccountingpolicies
√Applicable□Notapplicable
Thecontentandreasonforchangeofaccountingpolicy | Approvalprocess | Remark |
In2021,theMinistryofFinanceissuedtheNoticeonPrintingandDistributingthe<InterpretationNo.15ofAccountingStandardsforBusinessEnterprises>(CK[2021]No.35),andtheGrouphasadoptedtheabovenoticeandQ&Atopreparethesemi-annualfinancialstatementsfor2022 | TheGroupandtheCompanyimplementedthisnoticeforthefirsttimeonJanuary1,2022.Accordingtorelevantregulations,ifanenterprisesellstheproductsorby-productsproducedbeforethefixedassetsreachtheintendedusablestateorduringtheR&Dprocess(hereinafterreferredtoastrialrunsales),itshallseparatelytreattheincomeandcostrelatedtotrialrunsalesforaccountingaccordingtotheprovisionsofAccountingStandardsforBusinessEnterprisesNo.14–IncomeandAccountingStandardsforBusinessEnterprisesNo.1–Inventory,etc.,andrecordtheminthecurrentprofitsandlosses,andshallnotwritedownthenetamountoftherelatedrevenuefromtrialrunsalesdeductedrelatedcostsbythefixedassetcostorR&Dexpenditure.TheGroupandtheCompanyshallmakeretrospectiveadjustmentaccordingtotheprovisionsofthisinterpretationforthetrialrunsalesthatoccurredbetweenthebeginningoftheearliestperiodofpresentationofthefinancialstatementsinwhichthisinterpretationisfirstimplementedandtheimplementationdateofthisinterpretation. |
InRMB
Project | December31,2021(beforeadjustment) | Adjustednumbers | January1,2022(Afteradjustment) | |
Consolidatedbalancesheet | WorksinProgress | 8,634,727,069 | 75,964,696 | 8,710,691,765 |
Fixedassets | 56,943,126,256 | 201,973,167 | 57,145,099,423 | |
Deferredtaxassets | 1,235,089,217 | -58,247,231 | 1,176,841,986 | |
Undistributedprofits | 2,985,840,058 | 217,641,016 | 3,203,481,074 | |
Minorityshareholders'equity | 9,560,790,618 | 2,049,616 | 9,562,840,234 |
(2)Changeofmainaccountingestimations
□Applicable√Notapplicable
45.Other
VI.Taxation
1.Maincategoriesandratesoftaxes
Classoftax | Taxbasis | Taxrate |
VAT | Taxablevalue-addedamount(TaxpayableiscalculatedusingthetaxablesalesamountmultipliedbytheapplicabletaxratelessdeductibleVATinputofthecurrentperiod)Revenuefromhydropowersales | 3%,5%,6%,9%and13%,Hydropowersalesrevenueappliesto3%. |
Citymaintenanceandconstructiontax | AmountofVATpaid | 5%to7% |
Corporateincometax | Taxableincome | 12.5%,15%,20%and25% |
Educationsurcharges | AmountofVATpaid | 3% |
Localeducationsurcharges | AmountofVATpaid | 2% |
Housepropertytax | Property’srentalincomeortheresidualvaluefromoriginalvaluelessthedeductingproportion | 12%and1.2% |
Environmentalprotectiontax(b) | Calculatedandpaidbasedonthepollutionequivalentvaluesorthedischargeoftaxablepollutantsmultipliedbytheapplicabletaxamounts | Calculatedandpaidbasedontheapplicabletaxamountsofdifferentpollutants |
Incasethereexistanytaxpayerpayingcorporateincometaxatdifferenttaxrates,disclosetheinformation
Nameoftaxpayer | Incometaxrates |
GuangdongYudeanLeizhouWindPowerGenerationCo.,Ltd. | 12.5% |
GuangdongGuangyeNanhuaNewEnergyCo.,Ltd. | 12.5% |
YudeanPingyuanWindPower | 0% |
YudeanZhuhaiOffshorewindpower | 0% |
HunanXupuYuefengNewEnergyCo.,Ltd. | 0% |
GuangxiWuxuanYuefengNewEnergyCo.,Ltd. | 0% |
GuangdongYudeanYangjiangOffshorewindpower | 0% |
ShaoguanNanxiongYuefengNewEnergyCo.,Ltd. | 0% |
YudeanJinxiuInteratedEnergyCo.,Ltd. | 20% |
ZhangjiangElectricPowerCo.,Ltd. | 15% |
GuangdongYudeanZhangjiangBiomassPowerGenerationCo.,Ltd. | 15% |
ShenzhenHuaguoquanElectricIndustryServiceCo.,Ltd. | 20% |
ZhanjiangWanhaoweiNewEnergyCo.,Ltd. | 20% |
2.Taxpreferences(a)PursuanttotheapprovalofNo.46[2008]CaishuiandNo.80[2009]Guoshuifadocuments,GuangdongYudeanLeizhouWindPowerCo.,Ltd(“LeizhouWindPower”),GuangdongGuangyeNanhuaNewEnergyCo.,Ltd(“NanhuaNewEnergy”)"),GuangdongYudenPingyuanWindPowerCo.,Ltd("PingyuanWindPower"),GuangdongYudeanZhuhaiOffshoreWindPowerCo.,Ltd("ZhuhaiWindPower"),HunanXupuYuefengNewEnergyCo.,Ltd("XupuYuefeng")),GuangxiWuxuanYuefengNewEnergyCo.,Ltd("WuxuanYuefeng"),GuangdongYudeanYangjiangOffshoreWindPowerCo.,Ltd("YangjiangWindPower"),andShaoguanNanxiongYuefengNewEnergyCo.,Ltd("NanxiongNewEnergy"))shallbeexemptedoftheenterpriseincometaxfromthefirstyeartothethirdyear,andshallbehalvedoftheenterpriseincometaxfromthefourthyeartothesixthyearsincefromthetaxyearinwhichthefirstproductionandoperationincomeisobtained,.ThefirstprofitableyearofLeizhouWindPowerwas2017,thefirstprofitableyearofNanhuaNewEnergywas2019,thefirstprofitableyearofPingyuanWindPowerandZhuhaiWindPowerwas2020,andthefirstprofitableyearforXupuYuefeng,WuxuanYuefeng,YangjiangWindPowerandNanxiongNewEnergy
was2021.Therefore,theapplicablecorporateincometaxrateofLeizhouWindPowerandNanhuaNewEnergyin2022is12.5%??(In2021:12.5%??and0%respectively),theapplicablecorporateincometaxrateofPingyuanWindPower,ZhuhaiWindPower,XupuYuefeng,WuxuanYuefeng,YangjiangWindPowerandNanxiongNewEnergyin2022is0%(In2021:0%forallaforesaid).PursuanttotheSupplementaryNoticeonIssuesConcerningthePreferentialEnterpriseIncomeTaxPoliciesforPublicInfrastructureProjects(CaiShui[2014]No.55),enterprisesinvestandoperatepublicinfrastructureprojectsincompliancewiththeListofPublicInfrastructureProjectsEnjoyingEnterpriseIncomeTaxPreferential,thosewhichadoptone-offapprovalandaresubjecttoconstructioninbatches(suchasterminals,berths,airportterminals,runways,sections,generatorunits,etc.)aresubjecttoincometaxcalculatedinunitsofeachbatchandenjoythetaxpreferentialpolicyof“three-yearexemptionsandthree-yearhalves”whenthefollowingconditionsaresatisfied:(i)differentbatchesarespace-independent;(ii)eachbatchhasitsownrevenuefunction;(iii)theyareaccountedforinunitsofeachbatchandaresubjecttoincometaxindividually,whiletheperiodexpensesareallocatedrationally.In2022,theGroup’ssubsidiaryGuangdongYudeanQujieWindPowerCo.,Ltd.(“QujieWindPower”)mettheaboveconditions.Therefore,Qujiewailuowindpowerproject(thefirsttimeforwhichprofitswerepostedwas2017),QujieWailuooffshorewindpowerproject(PhaseI)(thefirsttimeforwhichprofitswerepostedwas2019),QujieWailuooffshorewindpowerproject(PhaseII)(thefirsttimeforwhichprofitswerepostedwas2021)andXinliaooffshorewindpowerproject(thefirsttimeforwhichprofitswerepostedwas2021)ofQujieWindPowerSystemareentitledtothetaxpreferentialpolicyof“three-yearexemptionsandthree-yearhalves”respectivelyaccordingtoeachwindpowerproject.AccordingtotheNo.74[2015]Caishui-"NoticeontheValue-AddedTaxPolicyforWindPowerGeneration”,GuangdongYudeanShibeishanWindEnergyDevelopmentCo.,Ltd,GuangdongYudeanZhanjiangWindPowerCo.,Ltd,GuangdongYudeanXuwenWindPowerCo.,Ltd,DianbaiWindPower,HuilaiWindPowerCo.,LtdandGuangdongYudeanWindPowerCo.,Ltdshallbesubjecttothepolicyofrefunding50%ofthevalue-addedtaxonthesaleofself-producedpowerproductsproducedbywindpower.Furthermore,inaccordancewiththeNo.40[2021]Caishui"AnnouncementonImprovingtheValue-AddedTaxPolicyforComprehensiveUtilizationofResources",GuangdongYudeanZhanjiangBiomassPowerGenerationCo.,Ltdisappliedtothepolicyof100%VATrefundimmediatelyaftercollectionduetothetaxpayer’scomprehensiveutilizationofkitchenwaste,livestockandpoultrymanure,ricehusks,peanutshusks,corncobs,camelliahusks,cottonseedhusks,threeresiduals,secondaryfuelwood,cropstraws,bagasseandsoforthtoproduceelectricity.(b)In2019,GuangdongYudeanZhanjiangBiomassPowerGenerationCo.,Ltd,asubsidiaryoftheGroup,obtainedthe"High-techEnterpriseCertificate"(ThecertificatenumberisGR201944000926)jointlyissuedbytheGuangdongProvincialDepartmentofScienceandTechnology,theGuangdongProvincialDepartmentofFinance,andtheGuangdongProvincialTaxationBureauoftheStateAdministrationofTaxation,andthecertificateisvalidfor3years,withthedateofissuanceisDecember2,2019.AccordingtotherelevantprovisionsofArticle28ofthe"EnterpriseIncomeTaxLawofthePeople'sRepublicofChina",theapplicableenterpriseincometaxrateforZhanjiangBiomassduringthereportingperiodis15%.In2020,ZhanjiangElectricPowerCo.,Ltd.,asubsidiaryoftheGroup,obtainedthe"High-techEnterpriseCertificate"(certificatenumber:GR202044010003)jointlyissuedbytheGuangdongProvincialDepartmentofScienceandTechnology,theGuangdongProvincialDepartmentofFinance,andtheGuangdongProvincialTaxationBureauoftheStateAdministrationofTaxation,withthevalidityperiodis3yearsandtheissuancedateisDecember9,2020.AccordingtotherelevantprovisionsofArticle28ofthe"EnterpriseIncomeTaxLawofthePeople'sRepublicofChina",theapplicableenterpriseincometaxrateofZhanjiangPowerin2022is15%.
(c)AccordingtotheapprovalbytheregulationofNo.13[2019]Caishui"NoticeonImplementingInclusiveTaxReductionandExemptionPolicyforSmallandMicroEnterprises"andtheNo.8[2021]SATAnnouncement-AnnouncementoftheStateAdministrationofTaxationonMattersConcerningtheImplementationofPreferentialIncomeTaxPoliciesforSupportingtheDevelopmentofSmallandLow-ProfitEnterprisesandIndividualIndustrialandCommercialHouseholds,fortheportionofannualtaxableincomenotexceeding1millionforthesmallandlow-profitenterprises,itshallbedeductedto12.5%??tobeincludedinthetaxableincome,andtheenterpriseincometaxshallbepaidattherateof20%;Forthepartoftheannualtaxableincomeexceeding1millionyuanbutnotexceeding3millionyuan,a50%reductionisincludedinthetaxableincome,andthecorporateincometaxispaidatthetaxrateof20%.Theabove-mentionedsmallandlow-profitenterprisesrefertoenterprisesthatengageinindustriesthatarenotrestrictedorprohibitedbythestate,andmeetthethreeconditionsofannualtaxableincomenotexceeding3millionyuan,employeesnotexceeding300,andtotalassetsnotexceeding50millionyuan.ShenzhenHuaguoquanElectricServiceCo.,Ltd("HuaguoquanCompany"),ZhanjiangWanhaoweiNewEnergyCo.,Ltd("HaanhaoweiNewEnergy")andYudeanJinxiuComprehensiveEnergyCo.,Ltd("YudeanJinxiu")”)in2022meettheconditionsforsmallandlow-profitenterprises.Therefore,in2022,theapplicablecorporateincometaxrateofHuaguoquanCompany,WanhaoweiNewEnergy,andYudeanJinxiuis20%respectively.(In2021:BothHuaguoquanCompanyandWanhaoweiNewEnergy’scorporateincometaxratewas20%).(d)AccordingtoNo.47[2008]Caishui"NoticeonIssuesConcerningtheImplementationoftheCorporateIncomeTaxPreferentialCataloguesforEnterpriseswithComprehensiveUtilizationofResources",fortheincomeobtainedbytheenterprisefromtheproductionoftheproductsthatmeettherelevantnationalorindustrystandardsintheafore-saidcatalogueusingtheresourceslistedintheCatalogueofIncomeTaxPreferentialCatalogueforEnterpriseswithComprehensiveUtilizationofResources(2008Edition)asthemainrawmaterialssinceJanuary1,2008,theincomeshallbereducedtobe90%tobeincludedinthetotalrevenueofthecompanyfortheyear.ZhanjiangPowerandGuangdongHuizhouPinghaiPowerPlantCo.,Ltd(“PinghaiPowerPlant”),thesubsidiariesoftheGroup,useflyashtoproducecommercialflyash,whichmeetstheabove-mentionedpreferentialincometaxconditionsforcomprehensiveutilizationofresources.Therefore,theincomegeneratedfromthesaleofflyashbyZhanjiangPowerandPinghaiPowerPlantin2022canbereducedtobe90%tobeincludedinthetotalincomefortheyear.
3.OtherVII.Notesonmajoritemsinconsolidatedfinancialstatements
1.Monetaryfunds
InRMB
Items | Closingbalance | Openingbalance |
Cashonhand | 61,000 | 83,108 |
Cashatbank | 10,805,854,122 | 8,062,567,451 |
Othercashbalance | 48,778,163 | 42,670,394 |
Total | 10,854,693,285 | 8,105,320,953 |
Including:Totalamountofmoneydepositedabroad | 0 | 0 |
Totalofmoneylimitedtousebymortgage,pledgeorfreeze | 48,778,163 | 42,670,394 |
Othernote
(a).AsofJune30,2022,Thecompany’sdepositinEnergyGroupFinancecompanyis9,056,865,954yuan(6,468,820,757yuanbeforeDecember31,2021).ThedepositinEnergyFinancemeansthatdepositedinGuangdongEnergyFinanceCo.,Ltd.(“EnergyFinance”).EnergyFinanceisonefinancialinstitutionapprovedbyPeople'sBankofChinaandisasubsidiaryofEnergyGroupCo.,Ltd.EnergyGroupFinanceCompanyandtheCompanyarebothcontrolledbyGuangdongEnergyGroupCompany.(b)AsofJune30,2022,theGrouphadnofundsdepositedoverseas(December31,2020:None).(c)AsofJune30,2022,OthermonetaryfundsamountedtoRMB48,778,163(OnDecember31,2021:
RMB42,670,394),whichmainlyaredepositssuchasecologicalprotectiondepositsandperformanceguaranteedeposits.
2.TransactionalfinancialassetsNotapplicable
3.DerivativefinancialassetsNotapplicable
4.Notesreceivable
(1)Notesreceivablelistedbycategory
InRMB
Items | Year-endbalance | Year-beginningbalance |
Tradeacceptance | 165,603 | |
Total | 0 | 165,603 |
InRMB
Category | Amountinyear-end | BalanceYear-beginning | ||||||||
BookBalance | Baddebtprovision | Bookvalue | BookBalance | Baddebtprovision | Bookvalue | |||||
Amount | Proportion(%) | Amount | Proportion(%) | Amount | Proportion(%) | Amount | Proportion(%) | |||
Ofwhich | ||||||||||
Notesreceivableforbaddebtprovisionbyportfolio | 165,603 | 100% | 165,603 | |||||||
Ofwhich | ||||||||||
Tradenotereceivable | 165,603 | 100% | 165,603 | |||||||
Total | 165,603 | 100% | 165,603 |
Relevantinformationoftheprovisionforbaddebtswillbedisclosedwithreferencetothedisclosuremethodofotherreceivablesiftheprovisionforbaddebtsofbillsreceivableisaccruedaccordingtothegeneralmodelofexpectedcreditloss:
□Applicable√Notapplicable
(2)Accountsreceivablewithdraw,reversedorcollectedduringthereportingperiodThewithdrawalamountofthebaddebtprovision:
InRMB
Category | Openingbalance | Amountofchangeinthecurrentperiod | Closingbalance | |||
Accrual | Reversedor | Write-off | Other |
Ofwhichthesignificantamountofthereversedorcollectedpartduringthereportingperiod
□Applicable√Notapplicable
(3)Thecurrentaccountsreceivablewrite-offssituationNotapplicable
(4)AccountsreceivablefinancingendorsedordiscountedbytheCompanyattheendoftheperiodandnotexpiredyetonthedateofbalancesheetNotapplicable
(5)AccountsreceivablefinancingtransferredtoaccountsreceivablebytheCompanyattheendoftheperiodduetofailureofthedrawertoperformNotapplicable
(6)TheCompanyhadnoaccountsreceivablefinancingactuallywrittenoffintheperiodNotapplicable
5.Accountsreceivable
(1)Accountsreceivabledisclosedbycategory
InRMB
Category | Closingbalance | Openingbalance | ||||||||
Bookbalance | Baddebtprovision | Bookvalue | Bookbalance | Baddebtprovision | Bookvalue | |||||
Amount | Proportion% | Amount | Proportion% | Amount | Proportion% | Amount | Proportion% | |||
Accrualofbaddebtprovisionbysingle | 0 | 0% | 0 | 0% | 0 | 0 | 0% | 0 | 0% | 0 |
Ofwhich | ||||||||||
Accrualofbaddebtprovisionbyportfolio | 7,068,997,560 | 100% | 713,856 | 0.01% | 7,068,283,704 | 7,030,948,863 | 100% | 263,506 | 0.01% | 7,030,685,357 |
Ofwhich | ||||||||||
Electricitysalesreceivable | 6,974,918,389 | 98.67% | 0 | 0% | 6,974,918,389 | 6,974,790,832 | 99.20% | 0 | 0% | 6,974,790,832 |
Relatedpartyreceivable | 22,693,557 | 0.32% | 0 | 0% | 22,693,557 | 32,237,080 | 0.46% | 0 | 0% | 32,237,080 |
Other | 71,385,614 | 1.01% | 713,856 | 1% | 70,671,758 | 23,920,951 | 0.34% | 263,506 | 1.10% | 23,657,445 |
Total | 7,068,997,560 | 100% | 713,856 | 0.01% | 7,068,283,704 | 7,030,948,863 | 100% | 263,506 | 0.01% | 7,030,685,357 |
Accrualofbaddebtprovisionbyportfolio:0
InRMB
Name | Closingbalance | ||
Bookbalance | Baddebtprovision | Proportion% | |
Electricitysalesreceivable | 6,974,918,389 | 0 | 0% |
Total | 6,974,918,389 | 0 |
Note:
Portfolio1-Electricitysalesreceivable,Asat30June2022,theamountofreceivablesfromsalesofelectricityoftheGroupwasRMB6,974,918,389(December31,2021:RMB6,974,790,832),whichwasmainlyfromChinaSouthernPowerGridCo.,Ltd.anditssubsidiaries(collectivelyreferredtoas“ChinaSouthernPowerGrid”).Takingintoconsiderationitsgoodcredit,theGroupbelievesthatthereisnosignificantcreditriskinthereceivablesfromsalesproceedsofelectricity,andthepossibilityofsignificantlossesduetoChinaSouthernPowerGrid'sdefaultisextremelylow.TheGroup'sexpectedcreditlossrateforsalesproceedsofelectricityis0%(December31,2021:0%).Accrualofbaddebtprovisionbyportfolio:0
InRMB
Name | Closingbalance | ||
Bookbalance | Baddebtprovision | Proportion% | |
Relatedpartyreceivable | 22,693,557 | 0 | 0% |
Total | 22,693,557 | 0 |
Note:
Portfolio2-Relatedpartyreceivable:Asat30June2022,theamountofreceivablesfromrelatedpartiesoftheGroupwasRMB22,693,557(December31,2021:RMB32,237,080),andthehistoricallossratewasextremelylow.Therefore,TheGroupbelievesthatthereisnosignificantcreditriskinthereceivablesfromrelatedparties,andthepossibilityofsignificantlossesduetotheirdefaultisextremelylow.TheGroup'sexpectedcreditlossrateforreceivablesfromrelatedpartiesis0%.(December31,2021:0%).Accrualofbaddebtprovisionbyportfolio:0
InRMB
Name | Closingbalance | ||
Bookbalance | Baddebtprovision | Proportion% | |
Otheraccountreceivable | 71,385,614 | 713,856 | 1% |
Total | 71,385,614 | 713,856 |
Note:
ForotherfundreceivableexceptPortfolio1andPortfolio2,BadprovisionaccordingtotheexpectedcreditlossmodeRelevantinformationoftheprovisionforbaddebtswillbedisclosedwithreferencetothedisclosuremethodofotherreceivablesiftheprovisionforbaddebtsofbillsreceivableisaccruedaccordingtothegeneralmodelofexpectedcreditloss:
ForotherfundreceivableexceptPortfolio1andPortfolio2Theamountofbaddebtprovisionforaccountsreceivablein2022isRMB713,856(In2021:RMB263,506),andtheamountofbaddebtprovisionforaccountsreceivablereversedthisyearisRMB263,506(In2021:
RMB292,314),thecorrespondingbookbalanceisRMB71,385,614(In2021:RMB23,920,951),andthereisnobaddebtprovisionforaccountsreceivablewrittenoffthisyear(In2021:none).
InRMB
Aging | Closingbalance |
Within1year(Including1year) | 6,044,943,339 |
1-2years | 619,045,640 |
2-3years | 304,464,301 |
Over3years | 100,544,280 |
3-4years | 99,003,796 |
4-5years | 1,540,484 |
Total | 7,068,997,560 |
(2)Accountsreceivablewithdraw,reversedorcollectedduringthereportingperiodThewithdrawalamountofthebaddebtprovision:
InRMB
Category | Openingbalance | Amountofchangeinthecurrentperiod | Closingbalance | |||
Accrual | Reversedorcollectedamount | Write-off | Other | |||
Accountsreceivable | 263,506 | 713,856 | 263,506 | 713,856 | ||
Total | 263,506 | 713,856 | 263,506 | 713,856 |
(3)Theactualwrite-offaccountsreceivableNotapplicable
(4)Top5oftheclosingbalanceoftheaccountsreceivablecollectedaccordingtothearrearsparty
InRMB
Name | Closingbalance | Proportion% | Baddebtprovision |
GPGC | 6,179,062,978 | 87.41% | 0 |
GPGC,ZhanjiangPowersupplyBureau | 415,947,131 | 5.88% | 0 |
ShenzhenPowersupplyBureau | 148,580,674 | 2.10% | 0 |
StateGridXinjiangElectricPowerCo.,Ltd. | 60,277,367 | 0.85% | 0 |
MaomingPowersupplyBureau | 43,771,030 | 0.62% | 0 |
Total | 6,847,639,180 | 96.86% |
(5)AccountreceivablewhichterminatetherecognitionowningtothetransferofthefinancialassetsNotapplicable
(6)TheamountoftheassetsandliabilitiesformedbythetransferandthecontinuesinvolvementofaccountsreceivableNotapplicable
7.Prepayments
(1)Listbyaginganalysis:
InRMB
Aging | Closingbalance | Openingbalance | ||
Amount | Proportion% | Amount | Proportion% | |
Within1year | 1,451,614,259 | 98% | 890,361,044 | 99.73% |
1-2years | 28,190,654 | 1.90% | 1,256,263 | 0.14% |
2-3years | 501,647 | 0.03% | 563,276 | 0.06% |
Over3years | 1,071,758 | 0.07% | 590,655 | 0.07% |
Total | 1,481,378,318 | 892,771,238 |
Notesofthereasonsoftheprepaymentagesover1yearwithsignificantamountbutfailedsettledintimeAsatJune30,2022,advancestosuppliersagedmorethan1yearwereRMB29,764,059(December31,2021,RMB2,410,194),mainlyincludingprepaymentsforsparepartsandmaterials.
(2)TheendingbalanceofPrepaymentsowedbytheimputationofthetopfiveparties
Name | Relationshipwiththecompany | Amount | Proportion% |
GuangdongPowerIndustryFuelCo.,Ltd. | Relatedparty | 816,149,016 | 55.09% |
GuangdongZhutouElectricPowerfuelCo.,Ltd. | Thirdparty | 322,747,179 | 21.79% |
GuangdongEnergyGroupNaturalgasCo.,Ltd. | Relatedparty | 102,600,000 | 6.93% |
ShanghaiBoilerPlantCo.,Ltd. | Thirdparty | 60,617,880 | 4.09% |
GuangdongEnergyInsurance | Relatedparty | 24,557,339 | 1.66% |
Total | 1,326,671,414 | 89.56% |
Othernote:
8.Otheraccountsreceivable
InRMB
Items | Closingbalance | Openingbalance |
Interestreceivable | 2,581,384 | 0 |
Dividendreceivable | 0 | 5,633,417 |
Otheraccountsreceivable | 952,471,579 | 2,423,842,141 |
Total | 955,052,963 | 2,429,475,558 |
(1)Interestreceivable
1)Categoryofinterestreceivable
InRMB
Items | Closingbalance | Openingbalance |
Other | 2,581,384 | |
Total | 2,581,384 | 0 |
2)SignificantoverdueinterestNotapplicable3)Bad-debtprovision
□Applicable√Notapplicable
(2)Dividendreceivable
1)CategoryofDividendreceivable
InRMB
Items | Closingbalance | Openingbalance |
HuanengShantouNanaoWindPowerGenerationCo.,Ltd. | 0 | 5,633,417 |
Total | 0 | 5,633,417 |
2)Dividendreceivableofimportantaccountageover1yearApplicable3)Bad-debtprovision
□Applicable√NotapplicableOthernote:
(3)Otheraccountsreceivable
1)Otheraccountsreceivableclassifiedbythenatureofaccounts
InRMB
Nature | Closingbookbalance | Openingbookbalance |
Landreceivabledeposit | 302,341,244 | 302,530,718 |
Currentaccount | 209,084,626 | 127,046,011 |
Supplementarymedicalinsurancefundreceivable | 63,143,818 | 98,784,664 |
Salesofby-productsreceivable | 44,609,887 | 95,418,898 |
Landreceivabledeposit | 23,446,000 | 23,446,000 |
Compensationreceivableforelectricitychargesduringthedemolitionandconstructionperiod | 15,729,600 | 15,824,336 |
Receivablepettycash | 4,519,419 | 2,646,600 |
Governmentsubsidyreceivable | 4,190,566 | 3,646,053 |
Terminalassetsdisposalpayment | 1,347,362 | 1,732,123,164 |
Other | 316,790,401 | 60,123,674 |
Less:Bad-debtprovision | -32,731,344 | -37,747,977 |
Total | 952,471,579 | 2,423,842,141 |
2)Bad-debtprovision
InRMB
BadDebtReserves | Stage1 | Stage2 | Stage3 | Total |
Expectedcreditlossesoverthenext12months | Expectedcreditlossoverlife(nocreditimpairment) | Expectedcreditlossesfortheentireduration(creditimpairmentoccurred) | ||
BalanceasatJanuary1,2022 | 18,131,497 | 0 | 19,616,480 | 37,747,977 |
BalanceasatJanuary1,2022incurrent | ||||
--TransfertoStage3 | -1,124,353 | 1,124,353 | 0 | |
Provisioninthecurrentperiod | 0 | 10,119,177 | 10,119,177 | |
Turnbackinthecurrentperiod | -15,135,810 | -15,135,810 | ||
BalanceasatJune30,2022 | 1,871,334 | 30,860,010 | 32,731,344 |
Lossprovisionchangesincurrentperiod,changeinbookbalancewithsignificantamount
□Applicable√NotapplicableDisclosurebyaging
InRMB
Aging | Closingbalance |
Within1year(Including1year) | 733,772,881 |
1-2years | 53,769,876 |
2-3years | 153,422,383 |
Over3years | 44,237,783 |
3-4years | 25,958,484 |
4-5years | 13,579,558 |
Over5years | 4,699,741 |
Total | 985,202,923 |
3)Accountsreceivablewithdraw,reversedorcollectedduringthereportingperiodThewithdrawalamountofthebaddebtprovision:
InRMB
Category | Openingbalance | Amountofchangeinthecurrentperiod | Closingbalance | |||
Accrual | Reversedorcollectedamount | Write-off | Other | |||
Otherreceivable | 37,747,977 | 10,119,177 | 15,135,810 | 0 | 0 | 32,731,344 |
Total | 37,747,977 | 10,119,177 | 15,135,810 | 32,731,344 |
(4)Otheraccountreceivablesactuallycancelafterwrite-offNotapplicable
(5)Top5oftheclosingbalanceoftheotheraccountsreceivablecollectedaccordingtothearrearsparty
InRMB
Name | Nature | Year-endbalance | Aging | Portionintotalotherreceivables(%) | Baddebtprovisionofyear-endbalance |
MeixianChengjiangzhenPeople'sGovernmentofMeizhouCity | Landwithdrawalreceivable | 146,885,400 | 2-3years(Including3years) | 14.91% | 0 |
GuangdongEnergyFinanceleasingCo.,Ltd. | ReceivableofUnitcurrent | 141,953,119 | Within1year(Including1year) | 14.41% | 0 |
ThePeople'sGovernmentofYamenTown,XinhuiDistrict,JiangmenCity | Landwithdrawalreceivable | 109,094,018 | Within1year(Including1year) | 11.07% | 0 |
GuangdongElectricPowerIndustryFuelCo.,Ltd. | Currentpaymentsofthereceivableunit | 96,734,943 | Within1year(Including1year) | 9.82% | 0 |
HunanFourthEngineeringCo.,Ltd | ReceivableofUnitcurrent | 82,830,000 | Within1year(Including1year) | 8.41% | 0 |
Total | 577,497,480 | 58.62% | 0 |
(6)Accountreceivableswithgovernmentsubsidiesinvolved
InRMB
Name | Projectname | Amountinyear-end | Attheendofaging | Estimatedtime,amountandbasis |
HuilaiStateTaxationBureau | VATisrefundedimmediately | 3,988,580 | Withn1year(including1year)and1-2years(Including2years) | ExpectedtobefullyrecoveredbyJune2023 |
YunfuCityYunchengDistrictLocalTaxationBureau | VATisrefundedimmediately | 201,986 | Withn1year(including1year) | ExpectedtobefullyrecoveredbyJune2023 |
(7)OtheraccountreceivablewhichterminatetherecognitionowningtothetransferofthefinancialassetsNotapplicable
(8)TheamountoftheassetsandliabilitiesformedbythetransferandthecontinuesinvolvementofotheraccountsreceivableNotapplicable
9.InventoriesWhetherthecompanyneedtocomplywiththedisclosurerequirementsoftherealestateindustryNo
(1)CategoryofInventory
InRMB
Items | Closingbookbalance | Openingbookbalance | ||||
Bookbalance | Provisionforinventoryimpairment | Bookvalue | Bookbalance | Provisionforinventoryimpairment | Bookvalue | |
Rawmaterials | 2,232,672,860 | 0 | 2,232,672,860 | 2,189,710,739 | 0 | 2,189,710,739 |
Parts | 882,980,813 | 34,044,608 | 848,936,205 | 817,710,542 | 34,044,608 | 783,665,934 |
Other | 54,156,730 | 0 | 54,156,730 | 25,517,866 | 0 | 25,517,866 |
Total | 3,169,810,403 | 34,044,608 | 3,135,765,795 | 3,032,939,147 | 34,044,608 | 2,998,894,539 |
(2)Inventorydepreciationreserve
InRMB
Items | Beginningofterm | Increasedincurrentperiod | Decreasedincurrentperiod | Year-endbalance | ||
Provision | Other | Transferredback | Other | |||
Rawmaterials | 0 | 0 | ||||
Parts | 34,044,608 | 0 | 0 | 0 | 0 | 34,044,608 |
Total | 34,044,608 | 34,044,608 |
(3)ExplanationoninventorieswithcapitalizationofborrowingcostsincludedatendingbalanceNotapplicable
(4)Assetsunsettledformedbyconstructioncontractwhichhascompletedatperiod-endNotapplicable
10.Contractassets
InRMB
Items | Year-endbalance | Openingbalance | ||||
Bookbalance | Baddebtprovision | Bookvalue | Bookbalance | Baddebtprovision | Bookvalue | |
Contractassetsofthirdparties | 1,040,486 | 11,042 | 1,029,444 | 1,588,425 | 21,889 | 1,566,536 |
Contractassetsofrelatedparties | 14,816 | 0 | 14,816 | 3,188,284 | 0 | 3,188,284 |
Total | 1,055,302 | 11,042 | 1,044,260 | 4,776,709 | 21,889 | 4,754,820 |
11.Assetsdividedasheld-to-soldNotapplicable
12.Non-currentassetsduewithin1yearNotapplicable
13.Othercurrentassets
InRMB
Items | Year-endbalance | Year-beginningbalance |
VATtobededucted | 811,168,428 | 1,238,295,329 |
Advancepaymentofincometax | 48,714,741 | 174,867,263 |
Carbonemissionrightsassets | 360,998 | 295,315 |
Other | 17,125,397 | 4,527,701 |
Total | 877,369,564 | 1,417,985,608 |
Othernote:
14.Creditor'srightinvestmentNotapplicable
15.Othercreditor'srightsinvestmentNotapplicable
16.Long-termaccountsreceivableNotapplicable
17.Long-termequityinvestment
InRMB
Investees | Openingbalance | Increase/decrease | Closingbalance | Closingbalanceofimpairmentprovision | |||||||
Additionalinvestment | Decreaseininvestment | ProfitsandlossesoninvestmentsRecognizedundertheequitymethod | Othercomprehensiveincome | Changesinotherequity | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Other | ||||
I.Jointventures | |||||||||||
GuangdongElectricIndustrialFuelCo.,Ltd. | 645,470,514 | 37,073,725 | 682,544,239 | 0 | |||||||
ZhanjiangYuexinEnergyTechnologyCo.,Ltd. | 9,350,000 | -613,360 | 8,736,640 | 0 | |||||||
Subtotal | 654,820,514 | 36,460,365 | 691,280,879 | 0 | |||||||
II.Associates | |||||||||||
ShanxiYudeanEnergyCo.,Ltd. | 2,363,177,253 | 278,866,588 | 2,642,043,841 | ||||||||
GuangdongGuohuaYudeanTaishanPowerGenerationCo.,Ltd. | 1,784,468,086 | 54,702,379 | 1,839,170,465 | ||||||||
EnergyGroupFinanceCompany | 1,666,774,664 | 81,479,824 | 123,894,709 | 1,624,359,779 | |||||||
GuangdongEnergyFinancingLeasingCo.,Ltd. | 532,306,787 | 15,729,399 | 18,292,179 | 529,744,007 |
YudeanCaptive | 276,532,777 | 7,432,402 | 2,426,770 | 281,538,409 | ||||
YudeanShipping | 247,954,895 | 5,884,591 | 253,839,486 | |||||
SouthOffshoreWindPowerJointDevelopmentCo.,Ltd. | 167,812,207 | 16,177,560 | 183,989,767 | |||||
GuizhouYueqianElectricPowerCo.,Ltd. | 161,325,870 | 21,836,633 | 183,162,503 | |||||
YunnanNengtouWeixinEnergyCo.,Ltd. | 138,810,051 | -22,193,510 | 116,616,541 | 96,327,854 | ||||
HuanengShantouWindGenerationCo.,Ltd. | 54,182,291 | 7,556,737 | 61,739,028 | |||||
FunfuPowerGenerationPlant(BPlant)Co.,Ltd. | 9,596,285 | -4,931,388 | 4,664,897 | 20,819,280 | ||||
Other | 14,446,670 | -73,685 | 14,372,985 | |||||
Subtotal | 7,417,387,836 | 462,467,530 | 144,613,658 | 7,735,241,708 | 117,147,134 | |||
Total | 8,072,208,350 | 498,927,895 | 144,613,658 | 8,426,522,587 | 117,147,134 |
18.Otherequityinstrumentsinvestment
InRMB
Items | Closingbalance | Openingbalance |
ShenzhenEnergyCo.,Ltd. | 96,919,200 | 122,472,000 |
ShanghaiShenergyGroup | 315,423,180 | 409,272,682 |
GMGInternationalTenderingCo.,Ltd. | 10,296,000 | 15,984,000 |
ShenzhenCapitalGroupCo.,Ltd. | 1,030,000,000 | 1,030,000,000 |
SunshineInsuranceGroupCo.,Ltd. | 1,653,500,000 | 1,653,500,000 |
GaozhouYawuHydropowerCo.,Ltd | 800,000 | 800,000 |
XinjiangYuejianNengxinEnergyEquipmentCo.,Ltd. | 2,000,000 | 0 |
Total | 3,108,938,380 | 3,232,028,682 |
Itemizeddisclosureofthecurrentnon-tradingequityinstrumentinvestment
InRMB
Name | Recognizeddividendincome | Accumulatinggains | Accumulatinglosses | Amountofothercomprehensiveincometransferredtoretainedearning | Reasonsforbeingmeasuredatfairvalueandwhosechangesareincludedinothercomprehensiveincome | Reasonsforothercomprehensiveincometransferredtoretainedearnings |
ShenzhenEnergyCo.,Ltd. | 2,646,000 | 81,028,572 | Considerationofstrategicinvestments | Notapplicable | ||
ShanghaiShenergyGroup | 0 | 79,585,192 | Considerationofstrategicinvestments | Notapplicable | ||
GMGInternationalTenderingCo.,Ltd. | 594,000 | 6,696,000 | Considerationofstrategicinvestments | Notapplicable | ||
ShenzhenCapitalGroupCo.,Ltd. | 34,416,139 | 701,966,000 | Considerationofstrategicinvestments | Notapplicable | ||
SunshineInsuranceGroupCo.,Ltd. | 52,500,000 | 1,297,500,000 | Considerationofstrategicinvestments | Notapplicable | ||
GaozhouYawuHydropowerCo.,Ltd | 0 | 0 | Considerationofstrategicinvestments | Notapplicable | ||
XinjiangYuejianNengxinEnergyEquipmentCo.,Ltd. | 0 | 0 | Considerationofstrategicinvestments | Notapplicable |
Othernote:
(a)Asat31June2022,theCompanyheld15,120,000tradableAsharesinShenzhenEnergywithfairvalueofRMB96,919,200,andtheinvestmentcostwasRMB15,890,628.Theinvestmentwasstatedatfairvaluewithreferencetothemarketprice.Duringtheyear,gainsatfairvalueamountedtoRMB25,552,800(2021:incomeofRMB30,391,20),andothercomprehensiveincomewasadjustedupwardsaccordingly.(b)Asat30June2022,theCompanyheld55,532,250tradableAsharesinShanghaiShenergywithfairvalueofRMB315,423,180,andtheinvestmentcostwasRMB235,837,988.Theinvestmentwasstatedatfairvaluewithreferencetothemarketprice.Duringtheyear,gainsatfairvalueamountedtoRMB93,849,502(2021:incomeofRMB119,394,337),andothercomprehensiveincomewasadjustedupwardsaccordingly.(c)Asat30June2022,theCompanyheld1,800,000sharesofGMGInternationalTenderingCo.,Ltd.tradedattheNationalEquitiesExchangeandQuotationssystemwithfairvalueofRMB10,296,000,andtheinvestmentcostwasRMB3,600,000.Theinvestmentwasstatedatfairvaluewithreferencetothemarketprice.Duringtheyear,gainsatfairvalueamountedtoRMB3,600,000(2021:incomeofRMB4,356,000),andothercomprehensive
incomewasadjustedupwardsaccordingly.(d)Asat30June2022,theCompanyheldAsharesinShenzhenCapitalGroupCo.,Ltd.withfairvalueofRMB1,030,000,000,andtheinvestmentcostwasRMB328,034,000.Inthisyear,therewasnochangeinthefairvalueoftheequityinvestment(in2021,theincomefromfairvaluemeasurementwasRMB328,034,000).(e)Asat30June2022,theCompanyheldAsharesinSunshineInsuranceCompany.withfairvalueofRMB1,653,500,000,andtheinvestmentcostwasRMB356,000,000.Inthisyear,therewasnochangeinthefairvalueoftheequityinvestment(in2021,theincomefromfairvaluemeasurementwasRMB328,034,000).In2021,(f)OnMay31,2022,TheGroupparticipatedintheinvestmentandestablishmentofXinjiangYuejianengNewEnergyEquipmentCo.,Ltdandheld10%ofitsequity,whichdidnothaveasignificantimpactonXinjiangYuejianengNewEnergyEquipmentCo.,Ltd,andit’saccountedforasaninvestmentinotherequityinstruments.
19.Othernon-currentassetsNotapplicable
20.Investmentproperty
(1)Investmentpropertyadoptedthecostmeasurementmode
√Applicable□Notapplicable
InRMB
Items | House,Building | Landuseright | Constructioninprocess | Total |
I.Originalprice | ||||
1.Balanceatperiod-beginning | 508,730,777 | 46,042,801 | 554,773,578 | |
2.Increaseinthecurrentperiod | ||||
(1)Purchase | ||||
(2)Inventory\Fixedassets\Transferredfromconstructioninprogress | ||||
(3)IncreasedofEnterpriseCombination |
3.Decreasedamountoftheperiod
3.Decreasedamountoftheperiod |
(1)Dispose |
(2)Otherout |
4.Balanceatperiod-end
4.Balanceatperiod-end | 508,730,777 | 46,042,801 | 554,773,578 | |
II.Accumulatedamortization | ||||
1.Openingbalance | 164,834,616 | 11,142,030 | 175,976,646 | |
2.Increasedamountoftheperiod | 4,216,942 | 451,829 | 4,668,771 | |
(1)Withdrawal | 4,216,942 | 451,829 | 4,668,771 |
3.Decreasedamountoftheperiod
3.Decreasedamountoftheperiod |
(1)Dispose |
(2)Otherout |
4.Balanceatperiod-end
4.Balanceatperiod-end | 169,051,558 | 11,593,859 | 180,645,417 | |
III.Impairmentprovision | ||||
1.Balanceatperiod-beginning | ||||
2.Increasedamountoftheperiod | ||||
(1)Withdrawal |
3.Decreasedamountoftheperiod |
(1)Dispose |
(2)Otherout |
4.Balanceatperiod-end
4.Balanceatperiod-end | ||||
IV.Bookvalue | ||||
1.Bookvalueatperiod-end | 339,679,219 | 34,448,942 | 374,128,161 | |
2.Bookvalueatperiod-beginning | 343,896,161 | 34,900,771 | 378,796,932 |
(2)Investmentpropertyadoptedfairvaluemeasurementmode
□Applicable√Notapplicable
(3)Investmentrealestatewithoutcertificateofownership
InRMB
Items | Bookbalance | Reason |
Landuseright | 837,089 | Temporarilyinthegovernmentapprovedstage |
OthernoteOnJune30,2022,afterconsultingtheGroup'slegaladvisers,themanagementbelievedthattherewouldbenosubstantivelegalobstaclestothehandlingofthesepropertycertificatesandwouldnothaveasignificantadverseimpactonthenormaloperationoftheGroup.
21.Fixedassets
InRMB
Items | Closingbalance | Openingbalance |
Fixedassets | 60,797,454,340 | 57,047,122,802 |
Disposaloffixedassets | 118,591,969 | 97,976,621 |
Total | 60,916,046,309 | 57,145,099,423 |
(1)ListofFixedassets
InRMB
Items | Houseandbuilding | Generationequipment | Transportations | Otherequipment | Total |
I.Originalprice | |||||
1.Balanceatperiod-beginning | 30,461,761,423 | 89,377,001,367 | 662,435,852 | 1,477,718,227 | 121,978,916,869 |
2.Increaseinthecurrentperiod | 2,251,029,307 | 5,904,867,627 | 26,431,074 | 54,235,303 | 8,236,563,311 |
(1)Purchase | 27,731,401 | 8,678,103 | 4,513,367 | 15,266,527 | 56,189,398 |
(2)Transferredfromconstructioninprogress | 406,208,693 | 5,896,189,524 | 16,478,984 | 26,599,948 | 6,345,477,149 |
(3)IncreasedofEnterpriseCombination | |||||
Other | 1,817,089,213 | 5,438,723 | 12,368,828 | 1,834,896,764 | |
3.Decreasedamountoftheperiod | 40,236,243 | 2,358,728,826 | 7,628,513 | 22,557,544 | 2,429,151,126 |
(1)Dispose | 35,308,385 | 189,625,053 | 7,628,513 | 22,557,544 | 255,119,495 |
Other | 4,927,858 | 2,169,103,773 | 2,174,031,631 | ||
4.Balanceatperiod-end | 32,672,554,487 | 92,923,140,168 | 681,238,413 | 1,509,395,986 | 127,786,329,054 |
II.Accumulateddepreciation | |||||
1.Openingbalance | 11,937,538,940 | 50,281,958,185 | 477,541,422 | 1,064,855,631 | 63,761,894,178 |
2.Increasedamountoftheperiod | 402,193,227 | 1,852,140,591 | 13,889,964 | 70,125,347 | 2,338,349,129 |
(1)Withdrawal | 402,193,227 | 1,852,140,591 | 13,889,964 | 70,125,347 | 2,338,349,129 |
3.Decreasedamountoftheperiod | 30,083,911 | 197,691,749 | 7,271,057 | 18,973,686 | 254,020,403 |
(1)Dispose | 30,083,911 | 197,691,749 | 7,271,057 | 18,973,686 | 254,020,403 |
4.Closingbalance
4.Closingbalance | 12,309,648,256 | 51,936,407,027 | 484,160,329 | 1,116,007,292 | 65,846,222,904 |
III.Impairmentprovision | |||||
1.Openingbalance | 236,527,567 | 932,674,173 | 422,918 | 275,233 | 1,169,899,891 |
2.Increaseinthereportingperiod | |||||
(1)Withdrawal |
3.Decreasedamountoftheperiod
3.Decreasedamountoftheperiod | 27,172,184 | 75,897 | 27,248,081 | ||
(1)Dispose | 27,172,184 | 75,897 | 27,248,081 |
4.Closingbalance
4.Closingbalance | 236,527,567 | 905,501,989 | 422,918 | 199,336 | 1,142,651,810 |
IV.Bookvalue | |||||
1.Bookvalueoftheperiod-end | 20,126,378,664 | 40,081,231,152 | 196,655,166 | 393,189,358 | 60,797,454,340 |
2.Bookvalueoftheperiod-begin | 18,287,694,916 | 38,162,369,009 | 184,471,512 | 412,587,363 | 57,047,122,800 |
(2)ListoftemporarilyidlefixedassetsNotapplicable
(3)Fixedassetsleasedintheoperatingleases
InRMB
Items | Endbookvalue |
HouseandBuilding | 23,234,030 |
(4)Fixedassetswithoutcertificateoftitlecompleted
InRMB
Items | Bookvalue | Reason |
HouseandBuilding | 880,935,932 | Temporarilyinthegovernmentapprovedstage |
OthernoteOnJune30,2022,afterconsultingtheGroup'slegaladvisers,themanagementbelievedthattherewouldbenosubstantivelegalobstaclestothehandlingofthesepropertycertificatesandwouldnothaveasignificantadverseimpactonthenormaloperationoftheGroup.
(5)Liquidationoffixedassets
InRMB
Items | Closingbalance | Openingbalance |
Partsofpowergenerationequipmenthavebeenscrapped | 96,103,927 | 93,602,122 |
Otherequipment | 20,506,124 | 4,374,501 |
HouseandBuilding | 1,981,918 | 0 |
Total | 118,591,969 | 97,976,623 |
22.Constructioninprogress
InRMB
Items | Closingbalance | Openingbalance |
Constructioninprogress | 5,744,084,734 | 8,707,685,035 |
EngineeringMaterial | 701,453 | 3,006,730 |
Total | 5,744,786,187 | 8,710,691,765 |
(1)Listofconstructioninprogress
InRMB
Items | Closingbalance | Openingbalance | ||||
Bookbalance | Provisionforimpairment | Bookvalue | Bookbalance | Provisionforimpairment | Bookvalue | |
Huaduthermalandpowercogenerationproject | 754,058,757 | 754,058,757 | 1,054,889,800 | 1,054,889,800 | ||
YangjiangQingzhoufirstandsecondoffshorewindpowerproject | 619,216,851 | 619,216,851 | 27,475,458 | 27,475,458 | ||
Xinjiang45regiment400,000kwphotovoltaicproject | 578,682,830 | 578,682,830 | ||||
WuxuanHequnPlantProject | 418,971,546 | 418,971,546 | 413,866,414 | 413,866,414 | ||
XupuWindPowerPlantProject | 416,526,856 | 416,526,856 | 402,999,870 | 402,999,870 | ||
ShajiaoNingzhougaspowerproject | 385,500,115 | 385,500,115 | 253,652,368 | 253,652,368 | ||
HunanTongdaoDagaoshanwindpowerplantproject | 365,892,846 | 365,892,846 | 320,622,385 | 320,622,385 | ||
NanxiongZhu’anVillageProject | 250,857,650 | 250,857,650 | 206,297,283 | 206,297,283 | ||
ZhaoqingDinghuNaturalGasThermalPowerCogenerationProject | 214,239,029 | 214,239,029 | 120,337,569 | 120,337,569 | ||
PingyuanSishuiWindPowerProject | 177,796,416 | 177,796,416 | 90,553,055 | 90,553,055 | ||
YangjiangShapaoffshorewindpowerproject | 4,417,942,531 | 4,417,942,531 | ||||
ZhuhaiJinwanElectricoffshorewindpowerproject | 46,919,720 | 46,919,720 | ||||
Otherinfrastructureconstructionprojects | 1,036,289,812 | 272,760,362 | 763,529,450 | 767,062,565 | 272,760,362 | 494,302,203 |
Othertechnologyimprovementprojects | 807,442,698 | 8,630,310 | 798,812,388 | 866,456,689 | 8,630,310 | 857,826,379 |
Total | 6,025,475,406 | 281,390,672 | 5,744,084,734 | 8,989,075,707 | 281,390,672 | 8,707,685,035 |
(2)Changesofsignificantconstructioninprogress
InRMB
Name | Budget | Amountatyearbeginning | Increaseatthisperiod | Transferredtofixedassets | Otherdecrease | Balanceinyear-end | Proportion(%) | Progressofwork | Capitalisationofinterestaccumulatedbalance | Including:Currentamountofcapitalizationofinterest | Capitalisationofinterestratio(%) | Sourceoffunds |
Huaduthermalandpowercogenerationproject | 3,593,160,000 | 1,054,889,800 | 118,115,491 | 418,946,534 | 754,058,757 | 99.55% | 32.69% | 38,456,114 | 17,667,366 | 3.94% | Financialinstitutionloan | |
YangjiangQingzhoufirstandsecondoffshorewindpowerproject | 17,107,250,000 | 27,475,458 | 591,741,393 | 619,216,851 | 3.62% | 3.05% | 4,828,488 | 4,797,322 | 3.33% | Financialinstitutionloan | ||
Xinjiang45regiment400,000kwphotovoltaicproject | 2,022,163,000 | 578,682,830 | 578,682,830 | 28.62% | 28.62% | 162,361 | 162,361 | 3.20% | Financialinstitutionloan | |||
WuxuanHequnPlantProject | 482,580,000 | 413,866,414 | 5,105,132 | 418,971,546 | 86.82% | 99.50% | 12,018,832 | Financialinstitutionloan | ||||
XupuWindPowerPlantProject | 464,185,841 | 402,999,870 | 13,526,986 | 416,526,856 | 89.73% | 99% | 12,289,713 | Financialinstitutionloan | ||||
ShajiaoNingzhougaspowerproject | 5,927,600,000 | 253,652,368 | 131,847,747 | 385,500,115 | 6.52% | 27.75% | 23,183,810 | 15,532,218 | 3.36% | Financialinstitutionloan | ||
HunanTongdaoDagaoshanwindpowerplantproject | 531,740,000 | 320,622,385 | 45,270,461 | 365,892,846 | 68.58% | 98% | 9,716,266 | Financialinstitutionloan | ||||
NanxiongZhu’anVillage | 451,810,000 | 206,297,283 | 44,560,367 | 250,857,650 | 55.52% | 55.52% | 2,719,293 | Financialinstitutionloan |
Project | ||||||||||||
ZhaoqingDinghuNaturalGasThermalPowerCogenerationProject | 2,998,180,000 | 120,337,569 | 93,901,460 | 214,239,029 | 7.15% | 15.72% | 11,824,287 | 7,113,966 | 3.85% | Financialinstitutionloan | ||
PingyuanSishuiWindPowerProject | 338,470,000 | 90,553,055 | 87,243,361 | 177,796,416 | 52.53% | 52.53% | 7,079,097 | Financialinstitutionloan | ||||
YangjiangShapaoffshorewindpowerproject | 5,963,270,000 | 4,417,942,531 | 1,149,801,416 | 5,567,743,947 | 93.37% | 99% | 192,996,300 | 36,934,127 | 3.79% | Financialinstitutionloan | ||
ZhuhaiJinwanElectricoffshorewindpowerproject | 5,643,170,000 | 46,919,720 | 46,919,720 | 74.47% | 100% | 120,150,149 | Financialinstitutionloan | |||||
Otherinfrastructureconstructionprojects | 494,302,203 | 310,765,561 | 7,701,585 | 33,836,729 | 763,529,450 | 29,309,349 | 9,204,453 | Financialinstitutionloan | ||||
Othertechnologyimprovementprojects | 857,826,379 | 266,318,502 | 304,165,363 | 21,167,130 | 798,812,388 | 1,335,162 | Financialinstitutionloan | |||||
Total | 45,523,578,841 | 8,707,685,035 | 3,436,880,707 | 6,345,477,149 | 55,003,859 | 5,744,084,734 | 466,069,221 | 91,411,813 |
(3)ListofthewithdrawaloftheimpairmentprovisionoftheconstructioninprogressNotapplicable
(4)Engineeringmaterial
InRMB
Items | Endofterm | Beginningofterm | ||||
Bookbalance | Provisionforimpairment | Bookvalue | Bookbalance | Provisionforimpairment | Bookvalue | |
SpecialMaterial | 671,117 | 671,117 | 18,162 | 18,162 | ||
Specialequipment | 30,336 | 30,336 | 2,988,568 | 0 | 2,988,568 | |
Total | 701,453 | 701,453 | 3,006,730 | 3,006,730 |
Othernote
23.Productivebiologicalassets
(1)Productivebiologicalassetsmeasuredatcostmethods
□Applicable√Notapplicable
(2)Productivebiologicalassetsmeasuredatfairvalue
□Applicable√Notapplicable
24.Oilandgasassets
□Applicable√Inapplicable
25.Righttouseassets
InRMB
Items | Houseandbuildings | Machineryequipment | Transportationequipment | Total |
I.Originalprice | ||||
1.Openingbalance | 59,726,188 | 5,800,549,982 | 8,434,545 | 5,868,710,715 |
2.Increasedamountoftheperiod | 4,725,713 | 45,680,916 | 0 | 50,406,629 |
(1)Newleasecontracts | 4,725,713 | 45,680,916 | 0 | 50,406,629 |
3.Decreasedamountoftheperiod | 359,953 | 0 | 2,121,343 | 2,481,296 |
Earlyterminationoftheleasecontract | 359,953 | 0 | 2,121,343 | 2,481,296 |
4.Closingbalance | 64,091,948 | 5,846,230,898 | 6,313,202 | 5,921,598,640 |
II.Accumulateddepreciation | ||||
1.Openingbalance | 17,358,410 | 593,074,160 | 2,153,166 | 612,585,736 |
2.Increasedamountoftheperiod | 10,185,749 | 120,996,849 | 341,818 | 131,524,416 |
(1)Withdrawal | 10,185,749 | 120,996,849 | 341,818 | 131,524,416 |
3.Decreasedamountoftheperiod
3.Decreasedamountoftheperiod | 96,094 | 0 | 0 | 96,094 |
(1)Disposal | 96,094 | 0 | 0 | 96,094 |
4.Closingbalance | 27,448,065 | 714,071,009 | 2,494,984 | 744,206,246 |
III.Impairmentprovision | ||||
1.Openingbalance | ||||
2.Increasedamountoftheperiod | ||||
(1)Withdrawal |
3.Decreasedamountoftheperiod
3.Decreasedamountoftheperiod |
(1)Disposal |
4.Closingbalance
4.Closingbalance | ||||
IV.Bookvalue | ||||
1.Closingbookvalue | 36,643,883 | 5,132,159,889 | 3,818,218 | 5,172,621,990 |
2.Openingbook | 42,367,778 | 5,207,475,822 | 6,281,379 | 5,256,124,979 |
26.Intangibleassets
(1)Information
InRMB
Items | Landuseright | Patent | Non-patentTechnology | Software | Seauseright | TransmissionandTransformationSupportingProject | Favorablecontract | Non-patenttechnologyandothers | Total |
I.Originalprice | |||||||||
1.Balanceatperiod-beginning | 3,066,424,473 | 214,052,599 | 89,256,779 | 260,331,315 | 52,211,380 | 39,503,199 | 3,721,779,745 | ||
2.Increaseinthecurrentperiod | 29,486,784 | 24,927,832 | 57,851,340 | 0 | 0 | 825,908 | 113,091,864 | ||
(1)Purchase | 240,673 | 7,396,928 | 0 | 0 | 0 | 3,900 | 7,641,501 | ||
(2)InternalR&D | 0 | 2,662,089 | 0 | 0 | 0 | 822,008 | 3,484,097 | ||
(3)IncreasedofEnterpriseCombination | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
(4)Transferofprojectsunderconstruction | 0 | 86,792 | 0 | 0 | 0 | 0 | 86,792 | ||
(5)Other | 29,246,111 | 14,782,023 | 57,851,340 | 0 | 0 | 0 | 101,879,474 | ||
3.Decreasedamountoftheperiod | 9,445,665 | 9,445,665 | 3,622,305 | 0 | 0 | 418,044 | 13,486,014 | ||
(1)Dispose | 9,445,665 | 9,445,665 | 3,622,305 | 0 | 0 | 418,044 | 13,486,014 |
4.Balanceatperiod-end
4.Balanceatperiod-end | 3,086,465,592 | 235,358,126 | 147,108,119 | 260,331,315 | 52,211,380 | 39,911,063 | 3,821,385,595 | |
II.Accumulatedamortization | ||||||||
1.Balanceatperiod-beginning | 550,473,973 | 138,064,496 | 25,163,983 | 260,331,315 | 3,085,641 | 29,431,618 | 1,006,551,026 | |
2.Increaseinthecurrentperiod | 31,641,289 | 8,956,466 | 829,849 | 0 | 2,130,766 | 855,459 | 44,413,829 | |
(1)Withdrawal | 31,641,289 | 8,956,466 | 829,849 | 0 | 2,130,766 | 855,459 | 44,413,829 |
3.Decreasedamountoftheperiod
3.Decreasedamountoftheperiod | 363,303 | 3,631,618 | 0 | 0 | 0 | 418,044 | 4,412,965 | |
(1)Dispose | 363,303 | 3,631,618 | 0 | 0 | 0 | 418,044 | 4,412,965 |
4.Balanceatperiod-end
4.Balanceatperiod-end | 581,751,959 | 143,389,344 | 25,993,832 | 260,331,315 | 5,216,407 | 29,869,033 | 1,046,551,890 | |
III.Impairmentprovision | ||||||||
1.Balanceatperiod-beginning | 56,502,373 | 0 | 0 | 0 | 0 | 0 | 56,502,373 | |
2.Increaseinthecurrent | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
period | ||||||||
(1)Withdrawal | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
3.Decreasedamountoftheperiod
3.Decreasedamountoftheperiod | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
(1)Dispose | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
4.Balanceatperiod-end
4.Balanceatperiod-end | 56,502,373 | 0 | 0 | 0 | 0 | 0 | 56,502,373 | |
4.Bookvalue | ||||||||
1.Bookvalueatperiod-end | 2,448,211,260 | 91,968,782 | 121,114,287 | 0 | 46,994,973 | 10,042,030 | 2,718,331,332 | |
2.Bookvalueatperiod-beginning | 2,459,448,127 | 75,988,103 | 64,092,796 | 0 | 49,125,739 | 10,071,581 | 2,658,726,346 |
Theintangibleassetsbytheendoftheformationofthecompany'sinternalR&Daccounted0.13%oftheproportionofthebalanceofintangibleassets
(2)DetailsofLanduserightfailedtoaccomplishcertificationofproperty
InRMB
Items | Bookvalue | Reason |
Landuseright | 23,253,800 | Theprocedureshavenotbeencompleted |
OnJune30,2022,afterconsultingtheGroup'slegaladvisers,themanagementbelievedthattherewouldbenosubstantivelegalobstaclestothehandlingofthesepropertycertificatesandwouldnothaveasignificantadverseimpactonthenormaloperationoftheGroup.
27.DevelopmentexpenditureNotapplicable
28.Goodwill
(1)Originalbookvalueofgoodwill
InRMB
Nameoftheinvesteesortheeventsformedgoodwill | Openingbalance | Increase | Decrease | Closingbalance | ||
Nameoftheinvesteesortheeventsformedgoodwill | Openingbalance | Themergerofenterprises | disposition | Closingbalance | ||
GuangdongWindPowerGenerationCo.,Ltd. | 2,449,886 | 2,449,886 | ||||
LincangCompany | 25,036,894 | 25,036,894 | ||||
TumushukeThermalPowerCo.,Ltd. | 119,488,672 | 119,488,672 | ||||
GuangdongGuangyeNanhuaNewEnergy | 6,158,995 | 0 | 6,158,995 | |||
GuangdongYuenengDatangNewEnergy | 11,885,484 | 0 | 11,885,484 | |||
Total | 165,019,931 | 0 | 165,019,931 |
(2)Impairmentprovisionofgoodwill
InRMB
Nameoftheinvesteesortheeventsformedgoodwill | Openingbalance | Increase | Decrease | Closingbalance | ||
Provision | disposition | |||||
LincangYudeanNewEnergy | -25,036,894 | -25,036,894 | ||||
Total | -25,036,894 | -25,036,894 |
RelevantinformationabouttheassetgrouporassetgroupcombinationinwhichgoodwillresidesDescribethegoodwillimpairmenttestprocess,keyparameters(e.g.forecastperiodgrowthrate,stableperiodgrowthrate,profitmargin,discountrateandforecastperiodwhenforecastingthepresentvaluefuturecashflow)andtherecognitionmethodofgoodwillimpairmentlossImpactofgoodwillimpairmenttest
29.Long-termamortizationexpenses
InRMB
Items | Balanceinyear-begin | Increaseatthisperiod | Amortizationbalance | Otherdecrease | Balanceinyear-end |
Improvementofuserightassets | 7,965,121 | 9,536,573 | 1,690,795 | 52,161 | 15,758,738 |
Other | 22,370,180 | 682,575 | 1,597,572 | 7,890,357 | 13,564,826 |
Total | 30,335,301 | 10,219,148 | 3,288,367 | 7,942,518 | 29,323,564 |
Othernote
30.Deferredincometaxassets/deferredincometaxliabilities
(1)Detailsoftheun-recognizeddeferredincometaxassets
InRMB
Items | Balanceinyear-end | Balanceinyear-begin | ||
Deductibletemporarydifference | Deferredincometaxassets | Deductibletemporarydifference | Deferredincometaxassets | |
Provisionforassetimpairments | 444,970,447 | 109,844,598 | 444,961,087 | 109,842,258 |
Intra-grouptransactions | 788,087,796 | 197,021,947 | 685,896,928 | 171,474,232 |
Deductiblelosses | 4,519,387,165 | 1,042,629,291 | 3,189,847,440 | 758,900,259 |
Netincomefromtestrunincludedinconstructioninprogress | 221,802,480 | 55,312,142 | 221,802,480 | 55,312,140 |
Employeebenefitspayable | 281,069,135 | 67,066,144 | 305,163,061 | 73,089,625 |
Depreciationoffixedassets | 74,112,288 | 18,528,072 | 74,881,083 | 18,720,271 |
Governmentgrants | 73,836,482 | 17,900,898 | 95,459,260 | 23,306,593 |
Amortizationofintangibleassets | 7,078,023 | 1,769,506 | 4,028,407 | 1,007,101 |
Total | 6,410,343,816 | 1,510,072,598 | 5,022,039,746 | 1,211,652,479 |
(2)Detailsoftheun-recognizeddeferredincometaxliabilities
InRMB
Items | Balanceinyear-end | Balanceinyear-begin | ||
TemporarilyDeductableorTaxableDifference | DeferredIncomeTaxliabilities | TemporarilyDeductableorTaxableDifference | DeferredIncomeTaxliabilities | |
Non-samecontrolenterprisemergerassetsevaluationandappreciation | 253,339,530 | 63,334,882 | 272,521,240 | 68,130,309 |
Changesinfairvalueofotherequityinstrumentsincludedinothercomprehensiveincome | 2,123,359,112 | 530,839,778 | 2,291,866,066 | 572,966,517 |
Netexpensesintrialoperationincludedinconstructioninprogress | 78,859,322 | 19,714,830 | 89,727,430 | 22,431,857 |
Amortizationoflanduserights | 26,553,547 | 6,638,387 | 15,685,439 | 3,921,360 |
Interestreceivable | 10,063,591 | 2,515,896 | 10,071,856 | 2,517,964 |
Depreciationoffixedassets | 2,388,981 | 597,247 | 2,388,981 | 597,247 |
Total | 2,494,564,083 | 623,641,020 | 2,682,261,012 | 670,565,254 |
(3)Deferredincometaxassetsorliabilitieslistedbynetamountafteroff-set
InRMB
Items | Trade-offbetweenthedeferredincometaxassetsandliabilities | Endbalanceofdeferredincometaxassetsorliabilitiesafteroff-set | Trade-offbetweenthedeferredincometaxassetsandliabilitiesatperiod-begin | Openingbalanceofdeferredincometaxassetsorliabilitiesafteroff-set |
Deferredincometaxassets | 26,564,501 | 1,483,508,097 | 34,810,493 | 1,176,841,986 |
Deferredincomeliabilities | 26,564,501 | 597,076,519 | 34,810,493 | 635,754,761 |
(4)Detailsofincometaxassetsnotrecognized
InRMB
Items | Balanceinyear-end | Balanceinyear-begin |
Deductibletemporarydifference | 1,873,007,383 | 1,839,401,194 |
Deductibleloss | 7,468,766,931 | 5,808,689,992 |
Total | 9,341,774,314 | 7,648,091,186 |
(5)Deductiblelossesoftheun-recognizeddeferredincometaxassetwillexpireinthefollowingyears
InRMB
Year | Balanceinyear-end | Balanceinyear-begin | Remark |
2022 | 0 | 679,470,193 | |
2023 | 801,754,681 | 810,630,290 | |
2024 | 161,611,109 | 173,024,661 | |
2025 | 588,155,609 | 598,674,880 | |
2026 | 3,546,889,968 | 3,546,889,968 | |
2027 | 2,370,355,564 | ||
Total | 7,468,766,931 | 5,808,689,992 |
31.Othernon-currentassets
InRMB
Items | Balanceinyear-end | Balanceinyear-begin | ||||
Bookbalance | Provisionfordevaluation | Bookvalue | Bookbalance | Provisionfordevaluation | Bookvalue | |
Prepaymentsforequipmentfund | 1,437,684,782 | 1,437,684,782 | 479,516,879 | 479,516,879 | ||
Prepaymentsforconstructionfund | 1,706,557,290 | 1,706,557,290 | 1,619,048,497 | 1,619,048,497 | ||
InputVATtobededucted | 1,280,759,980 | 1,280,759,980 | 2,207,784,437 | 2,207,784,437 | ||
Prepaymentforlanduserights | 177,544,721 | 177,544,721 | 166,211,424 | 166,211,424 | ||
Unrealisedlossesonsaleandleaseback | 196,168,230 | 196,168,230 | 196,168,230 | 196,168,230 | ||
Prepaymentforequityacquisition | 80,000,000 | 80,000,000 | 80,000,000 | 80,000,000 | ||
Prepaymentsforpurchaseofbuildings | 58,318,764 | 58,318,764 | 58,318,764 | 58,318,764 |
Other | 48,350,725 | 48,350,725 | 3,203,403 | 3,203,403 | ||
Total | 4,985,384,492 | 4,985,384,492 | 4,810,251,634 | 4,810,251,634 |
32.Short-termborrowings
(1)Categoryofshort-termborrowings
InRMB
Items | Closingbalance | Openingbalance |
Guaranteeloans | 108,457,861 | 297,347,896 |
Creditloans | 15,593,683,120 | 12,062,948,533 |
Total | 15,702,140,981 | 12,360,296,429 |
(2)Listoftheshort-termborrowingsoverduebutnotreturnNotapplicable
33.TransactionalfinancialliabilitiesNotapplicable
34.DerivativefinancialliabilityNotapplicable
35.Notespayable
InRMB
Items | Closingbalance | Openingbalance |
Commercialacceptance | 301,300,000 | 180,000,000 |
Bankacceptancebills | 1,580,246,000 | 1,728,780,000 |
Total | 1,881,546,000 | 1,908,780,000 |
AmountdueinnextfiscalperiodisRMB0.00.
36.Accountspayable
(1)Listofaccountspayable
InRMB
Items | Closingbalance | Openingbalance |
Fuelpayableandfreightpayable | 3,022,286,040 | 4,847,384,749 |
Materialsandsparepartspayable | 504,338,824 | 501,756,882 |
Managementfeespayableforfrequencymodulationandenergystorage | 0 | 319,986 |
Other | 1,279,228,638 | 1,277,105,447 |
Total | 4,805,853,502 | 6,626,567,064 |
(2)Significantaccountspayablethatagedoveroneyear
InRMB
Items | Closingbalance | Openingbalance |
Fuelpayableandfreightpayable | 48,461,795 | Notyetsettled |
Total | 48,461,795 |
Othernote:
Asat30June2022,accountspayablewithageingoveroneyearamountedRMB48,461,795(December31,2021:RMB51,399,876),mainlyunsettledfuelpayable
37.AdvancefromcustomersNotapplicable
38.ContractLiabilities
InRMB
Items | Closingbalance | Openingbalance |
Advancesfromservices | 16,111,584 | 5,146,636 |
Advancesfromothers | 1,049,300 | 718,175 |
Total | 17,160,884 | 5,864,811 |
39.PayableEmployeewage
(1)ListofPayrollpayable
InRMB
Items | Balanceinyear-begin | Increaseinthisperiod | decreaseinthisperiod | Balanceinyear-end |
1.Short-termcompensation | 348,069,102 | 1,082,065,412 | 918,141,778 | 511,992,736 |
2.Post-employmentbenefits-definedcontributionplans | 3,092,268 | 161,508,024 | 157,711,765 | 6,888,527 |
3.Dismissalwelfare | 62,450,865 | 18,765,861 | 21,413,641 | 59,803,085 |
4.Otherbenefitsduewithinoneyear | 8,400,995 | 74,391 | 5,559,274 | 2,916,112 |
5.Other | 1,877,896 | 1,487,449 | 390,447 | |
Total | 422,013,230 | 1,264,291,584 | 1,104,313,907 | 581,990,907 |
(2)Short-termremuneration
InRMB
Items | Balanceinyear-begin | Increaseinthisperiod | decreaseinthisperiod | Balanceinyear-end |
1.Wages,bonuses,allowancesandsubsidies | 11,143,810 | 771,421,234 | 608,742,621 | 173,822,423 |
2.Employeewelfare | 5,035,644 | 71,028,662 | 61,201,030 | 14,863,276 |
3.Socialinsurancepremiums | 184,406,723 | 84,550,988 | 115,388,269 | 153,569,442 |
Including:Medicalinsurance | 184,406,603 | 81,562,912 | 112,437,459 | 153,532,056 |
Workinjuryinsurance | 120 | 1,632,910 | 1,615,886 | 17,144 |
Maternityinsurance | 0 | 1,355,166 | 1,334,924 | 20,242 |
4.Publicreservesforhousing | 4,800 | 88,258,232 | 84,300,838 | 3,962,194 |
5.Unionfundsandstaffeducationfee | 140,396,647 | 30,586,153 | 27,020,016 | 143,962,784 |
Othershort-termremuneration | 7,081,478 | 36,220,143 | 21,489,004 | 21,812,617 |
Total | 348,069,102 | 1,082,065,412 | 918,141,778 | 511,992,736 |
(3)Definedcontributionplanslisted
InRMB
Items | Balanceinyear-begin | Increaseinthisperiod | Payableinthisperiod | Balanceinyear-end |
1.Basicold-ageinsurancepremiums | 4,800 | 102,030,843 | 101,466,579 | 569,064 |
2.Unemploymentinsurance | 150 | 2,353,869 | 2,326,899 | 27,120 |
3.Annuitypayment | 3,087,318 | 57,123,312 | 53,918,287 | 6,292,343 |
Total | 3,092,268 | 161,508,024 | 157,711,765 | 6,888,527 |
Othernote:
40.TaxPayable
InRMB
Items | Closingbalance | Openingbalance |
VAT | 22,649,535 | 145,874,436 |
Consumptiontax | 0 | 0 |
EnterpriseIncometax | 31,567,592 | 91,420,743 |
IndividualIncometax | 1,255,925 | 29,777,458 |
CityConstructiontax | 2,014,520 | 16,340,357 |
HousepropertyTax | 33,556,849 | 77,307,640 |
Landusetax | 9,284,683 | 21,588,871 |
Educationsurcharges | 1,554,497 | 12,684,138 |
Environmentalprotectiontaxpayable | 1,266,837 | 8,946,714 |
Waterresourcefee | 2,080,803 | 3,837,196 |
Other | 85,042,547 | 94,525,522 |
Total | 190,273,788 | 502,303,075 |
41.Otherpayable
InRMB
Items | Closingbalance | Openingbalance |
Interestpayable | 0 | 0 |
Dividendpayable | 9,771,322 | 9,771,322 |
Otherpayable | 9,943,969,579 | 10,559,992,456 |
Total | 9,953,740,901 | 10,569,763,778 |
(1)InterestpayableNotapplicable
(2)Dividendspayable
InRMB
Items | Closingbalance | Openingbalance |
Commonstockdividends | 9,771,322 | 9,771,322 |
Preferredstock\perpetualdebtdividenddividedintoequityinstruments | 0 | 0 |
Other | 0 | 0 |
Total | 9,771,322 | 9,771,322 |
Note:Includingsignificantunpaiddividendspayableoveroneyear,theunpaidreasonshallbedisclosed:
Thispartofdividendsismainlypayabletoshareholdersofnon-tradableshareswhohavenotgonethroughtheformalitiesofshare-tradingreform.Thispartofdividendswillbepaidaftertheformalitiesarecompleted.
(3)Otherpayable
(1)Disclosurebynature
InRMB
Items | Closingbalance | Openingbalance |
Constructionandequipmentexpensespayable | 6,900,313,767 | 7,210,562,333 |
Equityacquisitionpayable | 2,240,000,000 | 2,501,436,910 |
Engineeringqualityguaranteepayable | 83,482,425 | 228,942,252 |
StateOceanicandFisheriesAdministrationpenaltypayable | 11,531,700 | 11,531,700 |
Other | 708,641,687 | 607,519,261 |
Total | 9,943,969,579 | 10,559,992,456 |
(2)Otherpayableswithlargeamountandagingofoveroneyear
InRMB
Items | Closingbalance | Reason |
Otherpayable | 682,258,828 | Failuretomeetpaymentterms |
Total | 682,258,828 |
OthernoteMainlyusedtocopewithprojectfundsandretentionmoney.Sincetheprojecthasnotfinishedtheprojectandacceptanceandfinalsettlementorinthewarrantyperiodofacceptance,theprojectfundsandretentionmoneyhasnotbeensettled.
42.LiabilitiesclassifiedasholdingforsaleNotapplicable
43.Non-currentliabilitiesduewithin1year
InRMB
Items | Closingbalance | Openingbalance |
Long-termloansduein1year | 2,480,232,011 | 2,705,229,515 |
Bondpayableduein1year | 134,538,212 | 121,526,171 |
Long-termAccountpayableduein1year | 0 | |
Leaseliabilitiesduein1year | 806,536,416 | 870,864,067 |
Total | 3,421,306,639 | 3,697,619,753 |
44.Othercurrent-liabilities
InRMB
Items | Closingbalance | Openingbalance |
Short-termbondpayable | 2,709,891,288 | 1,007,871,233 |
OutputVATtobewrittenoff | 650,593,197 | 650,577,773 |
Total | 3,360,484,485 | 1,658,449,006 |
Changesinshort-termdebenturespayable:
InRMB
Name | Facevalue | Issuancedate | Maturityperiod | Issuanceamounts | Balanceatthebeginningoftheyear | Issuanceduringtheyear | Interestatfacevalue | Amortizationofdiscountsor | Repaymentfortheperiod | Balanceattheendofthe |
premium | year | |||||||||
Secondbatchofsupershort-termfinancingnotesissuedbyGuangdongElectricPowerDevelopmentCo.,Ltd.,2021 | 1,000,000,000 | 2021-8-23 | 178days | 1,000,000,000 | 1,007,871,233 | 0 | 2,906,301 | 0 | 1,010,777,534 | 0 |
Firstbatchofsupershort-termfinancingnotesissued2022 | 1,200,000,000 | 2022-2-14 | 178days | 1,200,000,000 | 0 | 1,200,000,000 | 8,987,178 | 0 | 0 | 1,208,987,178 |
Secondbatchofsupershort-termfinancingnotesissued2022 | 1,500,000,000 | 2022-6-16 | 178days | 1,500,000,000 | 0 | 1,500,000,000 | 904,110 | 0 | 0 | 1,500,904,110 |
Total | 3,700,000,000 | 1,007,871,233 | 2,700,000,000 | 12,797,589 | 0 | 1,010,777,534 | 2,709,891,288 |
45.Long-termborrowings
(1)Long-termtermborrowings
InRMB
Items | Closingbalance | Openingbalance |
Pledgedborrowings | 5,632,712,443 | 5,616,063,684 |
Mortgageborrowings | 0 | |
Guaranteeloan | 1,631,472,114 | 1,599,700,000 |
Creditloans | 24,383,224,083 | 21,724,814,172 |
Total | 31,647,408,640 | 28,940,577,856 |
46.Bondpayable
(1)Bondpayable
InRMB
Items | Closingbalance | Openingbalance |
PublicIssuanceofCorporateBondstoQualifiedInvestorsin2020(PhaseI)byGuangdongElectricPowerDevelopmentCo.,Ltd. | 1,499,701,402 | 1,499,648,572 |
PublicIssuanceofCorporateBondstoQualifiedInvestorsin2021(PhaseI)byGuangdongElectricPowerDevelopmentCo.,Ltd. | 999,943,396 | 999,924,528 |
PublicIssuanceofCorporateBondstoQualifiedInvestorsin2021(PhaseII)byGuangdongElectricPowerDevelopmentCo.,Ltd. | 1,499,872,642 | 1,499,855,660 |
PublicIssuanceofCorporateBondstoQualifiedInvestorsin2021(PhaseI)byGuangdongHuizhouPinghaiPowerGenerationCo.,Ltd. | 799,672,956 | 799,635,220 |
2021MTN(PhaseI)ofGuangdongElectricPowerDevelopmentCo.,Ltd. | 1,198,834,594 | 1,198,296,858 |
2021MTN(PhaseII)ofGuangdongElectricPowerDevelopmentCo.,Ltd. | 2,197,179,730 | 2,196,588,222 |
PublicIssuanceofCorporateBondstoQualifiedInvestorsin2021(PhaseI)byGuangdongHuizhouPinghaiPowerGenerationplantCo.,Ltd. | 199,951,059 | 199,921,484 |
2021MTN(PhaseI)ofGuangdongHuizhouPinghaiPowerGenerationplantCo.,Ltd | 299,357,535 | 299,212,878 |
Total | 8,694,513,314 | 8,693,083,422 |
(2)Changesofbondspayable(Notincludingtheotherfinancialinstrumentofpreferredstockandperpetualcapitalsecuritiesthatclassifyasfinancialliability
InRMB
Nameofthebond | Facevalue | Issuedate | Period | Issueamount | Openingbalance | Thecurrentissue | Withdrawinterestatpar | Overflowdiscountamount | Payincurrentperiod | Closingbalance |
PublicIssuanceofCorporateBondstoQualifiedInvestorsin2020(PhaseI)byGuangdongElectricPowerDevelopmentCo.,Ltd. | 1,500,000,000 | 2020-4-29 | 3+2years | 1,500,000,000 | 1,499,648,572 | 0 | 18,375,000 | -52,830 | 0 | 1,499,701,402 |
PublicIssuanceofCorporateBondstoQualifiedInvestorsin2021(PhaseI)byGuangdongElectricPowerDevelopmentCo.,Ltd. | 1,000,000,000 | 2021-1-27 | 3years | 1,000,000,000 | 999,924,528 | 0 | 17,850,000 | -18,868 | 0 | 999,943,396 |
PublicIssuanceofCorporateBondstoQualifiedInvestorsin2021(PhaseII)byGuangdongElectricPowerDevelopmentCo.,Ltd. | 1,500,000,000 | 2021-4-28 | 3+2years | 1,500,000,000 | 1,499,855,660 | 0 | 26,250,000 | -16,982 | 0 | 1,499,872,642 |
PublicIssuanceofCorporateBondstoQualifiedInvestorsin2021(PhaseI)byGuangdongHuizhouPinghaiPowerGenerationCo.,Ltd. | 800,000,000 | 2021-11-24 | 5years | 800,000,000 | 799,635,220 | 0 | 13,640,000 | -37,736 | 0 | 799,672,956 |
2021MTN(PhaseI)ofGuangdongElectricPowerDevelopmentCo.,Ltd. | 1,200,000,000 | 2021-7-19 | 3years | 1,200,000,000 | 1,198,296,858 | 0 | 19,020,000 | -537,736 | 0 | 1,198,834,594 |
2021MTN(PhaseII)ofGuangdongElectricPowerDevelopmentCo.,Ltd. | 2,200,000,000 | 2021-11-15 | 3years | 2,200,000,000 | 2,196,588,222 | 0 | 34,430,000 | -591,508 | 0 | 2,197,179,730 |
PublicIssuanceofCorporateBondstoQualifiedInvestorsin2021(PhaseI)byGuangdongHuizhouPinghaiPowerGenerationplantCo.,Ltd. | 200,000,000 | 2021-6-4 | 2years | 200,000,000 | 199,921,484 | 0 | 3,570,000 | -29,575 | 0 | 199,951,059 |
2021MTN(PhaseI)of | 300,000,000 | 2021-10-15 | 3years | 300,000,000 | 299,212,878 | 0 | 5,580,000 | -144,657 | 0 | 299,357,535 |
GuangdongHuizhouPinghaiPowerGenerationplantCo.,Ltd | ||||||||
Total | —— | 8,700,000,000 | 8,693,083,422 | 0 | 138,715,000 | -1,429,892 | 0 | 8,694,513,314 |
(3)NotetoconditionsandtimeofsharetransferofconvertiblebondsNotapplicable
(4)OtherfinancialinstrumentsthatareclassifiedasfinancialliabilitiesNotapplicable
47.Leaseliability
InRMB
Items | Closingbalance | Openingbalance |
Netleaseliabilities | 5,038,032,075 | 4,728,167,142 |
Total | 5,038,032,075 | 4,728,167,142 |
Othernote
48.Long-termpayable
InRMB
Items | Closingbalance | Openingbalance |
Long-termpayable | 99,412,257 | 96,819,223 |
Specialpayable | 24,960,000 | 24,960,000 |
Total | 124,372,257 | 121,779,223 |
(1)Long-termpayablelistedbynatureoftheaccount
InRMB
Items | Closingbalance | Openingbalance |
Paymentfordesulfurizationworks | 99,412,257 | 96,819,223 |
(2)Specificpayable
InRMB
Items | Openingbalance | Increase | Decrease | Closingbalance | Cause |
Supportingfundsforexpansion | 24,960,000 | 24,960,000 | |||
Total | 24,960,000 | 24,960,000 |
Othernote:
(i)ThepayablesforspecificprojectsrepresentthefundgrantedforbenefitsimprovementandcapacityexpansionbygovernmentsatprovincialandcentralleveltoLincangEnergy,subsidiaryoftheCompany.AccordingtothedocumentissuedbyYunnanWaterConservancy&HydropowerInvestmentCo.,Ltd.(YunShuiTouFa[2015]No.
16),suchpayablesforspecificprojectweresubjecttoaninterestrateof4%from1January2015.ThecorrespondinginterestwasrecordedinthefinancialexpensesbytheCompany.
49.Long-termemployeesalarypayable
(1)Long-termemployeesalarypayable
InRMB
Items | Closingbalance | Openingbalance |
I.Short-termcompensation | 97,367,659 | 91,696,972 |
II.Post-employmentbenefits-definedcontributionplans | 246,020,763 | 280,626,572 |
III.Dismissalbenefits | 38,407,535 | 43,156,718 |
Total | 381,795,957 | 415,480,262 |
(2)ChangesofdefinedbenefitplansNotapplicable
50.PredictedliabilitiesNotapplicable
51.Deferredincome
InRMB
Items | Beginningofterm | Increasedthisterm | Decreasedthisterm | Endofterm | Reason |
GovernmentSubsidy | 163,611,515 | 500,000 | 6,345,576 | 157,765,939 | Asset-relatedgovernmentgrantsreceived |
Total | 163,611,515 | 500,000 | 6,345,576 | 157,765,939 | -- |
Detailsofgovernmentsubsidies:
InRMB
Items | Beginningofterm | Newsubsidyincurrentperiod | Amounttransferredtonon-operationalincome | Otherincomerecordedinthecurrentperiod | Amountofcostdeductedinthecurrentperiod | Otherchanges | Endofterm | Asset-relatedorincome-related |
CompensationforrelocationandrenovationofShajiaoAZhenkoupumphouse | 11,122,717 | 0 | 0 | 0 | 0 | 0 | 11,122,717 | Relatedtoassets |
Specialfundsfor#1-#3generators’desulfurizationproject | 15,107,198 | 0 | 0 | 651,784 | 0 | 0 | 14,455,414 | Relatedtoassets |
Energysavinggrants | 12,407,220 | 0 | 0 | 821,456 | 0 | 0 | 11,585,764 | Relatedtoassets |
TaxrefundforPRC-madeequipment | 8,036,728 | 0 | 0 | 0 | 0 | 0 | 8,036,728 | Relatedtoassets |
EnvironmentalgrantsforSCRdenigrationproject | 7,559,528 | 0 | 0 | 882,308 | 0 | 0 | 6,677,220 | Relatedtoassets |
Provincialspecialfundsforenterprises’technologyimprovement | 7,707,105 | 0 | 0 | 1,140,618 | 0 | 0 | 6,566,487 | Relatedtoassets |
1&2#generatorunitsturbinebyZhongyueEnergy | 6,923,077 | 0 | 0 | 0 | 0 | 0 | 6,923,077 | Relatedtoassets |
Secondincentivesforcomprehensiveandtypicaldemonstrationprojectsunderfinancialpoliciesofenergysaving | 6,300,000 | 0 | 0 | 450,000 | 0 | 0 | 5,850,000 | Relatedtoassets |
DevelopmentandcompetitivenessfundsfromSASAC | 6,000,000 | 0 | 0 | 0 | 0 | 0 | 6,000,000 | Relatedtoassets |
Postrewardingsubsidiesforultra-lowemissionsof1&2#generators | 5,012,766 | 0 | 0 | 0 | 0 | 0 | 5,012,766 | Relatedtoassets |
Grantsforenergysavingandconsumptionreductionof6#generatorflowreconstruction | 4,698,723 | 0 | 0 | 239,094 | 0 | 0 | 4,459,629 | Relatedtoassets |
Grantsforcomprehensivetechnicaltransformationprojectforgeneratortransformationandupgrading | 4,200,416 | 0 | 0 | 263,192 | 0 | 0 | 3,937,224 | Relatedtoassets |
Specialtreasurybond-basedgovernmentgrantsfordesulfurizationprojects | 12,079,169 | 0 | 0 | 325,000 | 0 | 0 | 11,754,169 | Relatedtoassets |
Other | 56,456,868 | 500,000 | 0 | 1,572,124 | 0 | 0 | 55,384,744 | Relatedtoassets |
Total | 163,611,515 | 500,000 | 6,345,576 | 157,765,939 |
Othernote
52.Othernon-currentliabilities
InRMB
Items | Closingbalance | Openingbalance |
Capitalinjection | 50,000,000 | 74,499,700 |
Housingrevolvingfund | 985,667 | 970,029 |
Total | 50,985,667 | 75,469,729 |
Othernote:
In2018,YangjiangWindPowerandQujieWindPower-theCompany'ssubsidiaries-receivedcapitalinjectionsofRMB100,000,000andRMB50,000,000respectivelyfromGuangdongEnergyGroup,whichwouldbeusedfortheYangjiangShapaOffshoreWindFarmProjectandtheQujieWailuoOffshoreWindPowerProject.In2021,YangjiangWindPowerhadcompletedtheindustrialandcommercialchangeregistration.AsofJune30,2022,QujieWindPowerwasrecordedasothernon-currentliabilitiesduetothefailuretocompletetheindustrialandcommercialchangeregistration.In2019,ZhuhaiWindPower,asubsidiaryoftheGroup,receivedacapitalinjectionofRMB50,000,000fromGuangdongEnergyGroupCo.,Ltd,whichwouldbeusedfortheZhuhaiJinwanOffshoreWindPowerProject.AsofDecember31,2021,theindustrialandcommercialchangeregistrationtotheequitysharecorrespondingtothebalanceofRMB24,499,700hadnotbeencompleted.AsofJune30,2022,ZhuhaiWindPowerhascompletedtheindustrialandcommercialchangeregistration,andconvertedthecapitalincreaseoriginallyincludedinothernon-currentliabilitiesintopaid-incapital.
53.Stockcapital
InRMB
Year-beginningbalance | Changed(+,-) | Balanceinyear-end | |||||
Issuanceofnewshare | Bonusshares | Capitalizationofpublicreserve | Other | Subtotal | |||
Totalofcapitalshares | 5,250,283,986 | 5,250,283,986 |
54.OtherequityinstrumentsNotapplicable
55.Capitalreserves
InRMB
Items | Year-beginningbalance | Increaseinthecurrentperiod | Decreaseinthecurrentperiod | Year-endbalance |
Sharepremium | 4,010,311,902 | 22,519,076 | 3,987,792,826 | |
Othercapitalreserves | -75,652,004 | -75,652,004 | ||
EstimateIncrease | 119,593,718 | 119,593,718 | ||
InvestmentfromEnergyGroup | 395,000,000 | 395,000,000 | ||
Shareofinterestsintheinvesteeinproportiontotheshareholding | -174,299,153 | -174,299,153 |
Transferofcapitalsurplusrecognisedunderthepreviousaccountingsystem | 20,474,592 | 20,474,592 | ||
Total | 4,295,429,055 | 22,519,076 | 4,272,909,979 |
Othernotes,includingthenotetoitsincrease/decreaseandthecause(s)ofitsmovementinthereportingperiod:
In2022,DayawanCompany,asubsidiaryoftheCompany,receivedatotalcapitalincreaseofRMB20,800,000fromHuizhouPortInvestmentGroupCo.,LtdandHuizhouDayawanPetrochemicalIndustrialZoneInvestmentCo.,Ltd,thustheCompany'sshareholdingratiochangedfrom80%to70%.Thecapitalreserveshallbeadjustedaccordingtothechangeintheshareofthesubsidiary'snetassetsenjoyedbeforeandafterthecapitalincrease.In2022,ZhuhaiWindPowerCompany,asubsidiaryofProvincialWindPower,receivedatotalcapitalincreaseofRMB118,735,000fromZhuhaiSpecialEconomicZonePowerDevelopmentGroupCo.,LtdandGuangdongEnergyGroupCo.,Ltd,thustheshareholdingratioofProvincialWindPowerwaschangedfrom
85.91%to74.49%.ThecapitalreserveofProvincialWindPowerisadjustedaccordingtothechangeintheshareofnetassetsofthesubsidiaryenjoyedbeforeandafterthecapitalincrease,andtheCompanyrecognizesthechangeinthecapitalreserveaccordingtotheshareholdingratio.
56.TreasurystockNotapplicable
57.Othercomprehensiveincome
InRMB
Items | Year-beginningbalance | Amountofcurrentperiod | Closingbalance | |||||
Amountincurredbeforeincometax | Less:Amounttransferredintoprofitandlossinthecurrentperiodthatrecogniedintoothercomprehensiveincomeinpriorperiod | Less:Priorperiodincludedinothercompositeincometransfertoretainedincomeinthecurrentperiod | Less:Incometaxexpenses | After-taxattributetotheparentcompany | After-taxattributetominorityshareholder | |||
I.Othercomprehensiveincomethatwillnotbesubsequentlyreclassifiedtoprofitorloss | 1,750,524,607 | -125,090,302 | -31,272,576 | -93,817,726 | 1,656,706,881 | |||
Including:Changesarisingfromremeasurementofdefinedbenefitplans | -37,296,993 | 0 | 0 | 0 | 0 | 0 | -37,296,993 | |
Othercomprehensiveincomethatcannotbetransferredtoprofitorlossunderequitymethod | 69,199,467 | 0 | 0 | 0 | 0 | 0 | 69,199,467 | |
Changesinfairvalueofinvestmentsinotherequityinstruments | 1,718,622,133 | -125,090,302 | 0 | -31,272,576 | -93,817,726 | 0 | 1,624,804,407 | |
II.Othercomprehensiveincomethatwillbesubsequentlyreclassifiedtoprofitorloss | -513,036 | 0 | 0 | 0 | 0 | 0 | -513,036 | |
Including:Shareofothercomprehensiveincomeoftheinvesteethatcannotbetransferredtoprofitorlossaccountedforusingtheequitymethod | -513,036 | 0 | 0 | 0 | 0 | 0 | -513,036 | |
Totalofothercomprehensiveincome | 1,750,011,571 | -125,090,302 | -31,272,576 | -93,817,726 | 1,656,193,845 |
Othernotesincludethevalidpartofgainandlossofacash-flowhedgeconvertedintoinitialamountofarbitrageditemsforadjustment:
58.SpecialreservesNotapplicable
59.Surplusreserves
InRMB
Items | Year-beginningbalance | Increaseinthecurrentperiod | Decreaseinthecurrentperiod | Year-endbalance |
Statutorysurplusreserve | 3,016,893,870 | 3,016,893,870 | ||
Discretionarysurplusreserve | 5,886,621,265 | 5,886,621,265 | ||
Total | 8,903,515,135 | 8,903,515,135 |
Othernote,includingchangesandreasonofchange
60.Retainedprofits
InRMB
Items | Amountofthisperiod | Amountoflastperiod |
Beforeadjustments:Retainedprofitsinlastperiodend | 2,985,840,058 | 8,083,048,238 |
Adjustthetotalundistributedprofitsatthebeginningoftheperiod | 217,641,016 | |
Afteradjustments:Retainedprofitsattheperiodbeginning | 3,203,481,075 | 8,083,048,238 |
Add:Netprofitbelongingtotheowneroftheparentcompany | -1,375,739,165 | 326,629,275 |
Less:Statutorysurplusreserve | 0 | 110,901,285 |
Drawingdiscretionarysurplusreserve | 0 | 277,253,212 |
Drawingthegeneralriskreserve | 0 | |
Commonstockdividendpayable | 0 | 675,886,032 |
Commonstockdividendsconvertedtosharecapital | 0 | |
Other | 0 | -938,953 |
Retainedprofitattheendofthisterm | 1,827,741,909 | 7,344,698,031 |
Asregardsthedetailsofadjustedthebeginningundistributedprofits
(1)AstheretroactiveadjustmentonEnterpriseAccountingStandardsanditsrelatednewregulations,theaffectedbeginningundistributedprofitsareRMB0.00.
61.Businessincome,Businesscost
InRMB
Items | Amountofcurrentperiod | Amountofpreviousperiod | ||
Income | Cost | Income | Cost | |
Mainbusiness | 22,423,023,603 | 23,089,561,766 | 20,336,788,241 | 19,220,551,564 |
Otherbusiness | 188,216,130 | 24,622,840 | 257,250,563 | 7,626,766 |
Total | 22,611,239,733 | 23,114,184,606 | 20,594,038,804 | 19,228,178,330 |
Incomerelatedinformation:
InRMB
Contractclassification | Division1 | Division2 | Total | |
Commoditytype |
Including | |||
Electricpower | 22,263,672,844 | 22,263,672,844 | |
Generationby-product | 171,920,045 | 171,920,045 | |
ThermalEnergy | 102,972,035 | 102,972,035 | |
Laborservice | 56,378,724 | 56,378,724 | |
Rent | 16,296,085 | 16,296,085 | |
Area | |||
Including | |||
Guangdong | 22,117,126,665 | 22,117,126,665 | |
Xinjiang | 400,459,803 | 400,459,803 | |
Hunan | 39,790,974 | 39,790,974 | |
Yunnan | 29,159,946 | 29,159,946 | |
Guangxi | 24,702,345 | 24,702,345 | |
Markettype | |||
Including | |||
Powermarket | 22,263,672,844 | 22,263,672,844 | |
Othermarket | 347,566,889 | 347,566,889 | |
Contracttype | |||
Including | |||
Sellgoods | 22,538,564,924 | 22,538,564,924 | |
Service | 56,378,724 | 56,378,724 | |
Assetsuserights | 16,296,085 | 16,296,085 | |
Bythetimeofcommoditytransfer | |||
Including | |||
Recognizeatacertaintimepoint | 22,538,564,924 | 22,538,564,924 | |
Recognizeinacertainperiodoftime | 72,674,809 | 72,674,809 | |
Constrictterm | |||
Including |
Saleschannel
Saleschannel |
Including |
Total
Informationrelatedtoperformanceobligations:
TotalCommoditytype
Commoditytype | Usualperformancetimeofperformanceobligation | Importantpaymentterms | Commoditynature |
Electricpower | Whenpowerissuppliedtothegridcompany | Cashsettlement/monthlysettlement | Electricpower |
Heatenergy | Whenheatenergyissuppliedtocustomerswhobuyheat, | Cashsettlement/monthlysettlement | Heatenergy |
Powergenerationby-products | Whenby-productssuchasflyashgeneratedbypowergenerationaretransportedtotheagreeddeliveryplace, | Cashsettlement/monthlysettlement | Powergenerationby-products |
Laborservice | Serviceprovisionperiod | Cashsettlement/monthlysettlement | Laborservice |
Informationrelatedtothetransactionpriceapportionedtotheresidualperformanceobligation:
TheincomecorrespondingtotheperformanceobligationsthathavenotbeenperformedorhavebeenperformedincompletelybutthecontracthasbeensignedattheendofthereportingperiodisRMB136,506,091,ofwhichRMB61,823,851isexpectedtoberecognizedasincomein2022,RMB61,130,779isexpectedtoberecognizedasincomein2023,RMB13,551,461isexpectedtoberecognizedasincomein2024.
62.Businesstaxandsubjoin
InRMB
Items | Amountofcurrentperiod | Amountofpreviousperiod |
Consumptiontax | 0 | 0 |
Urbanconstructiontax | 3,856,511 | 37,772,612 |
Educationsurcharge | 2,168,420 | 30,420,349 |
Resourcetax | 0 | 0 |
Propertytax | 31,305,276 | 30,312,138 |
Landusetax | 7,940,925 | 7,998,527 |
vehicleandvesselusagetax | 85,951 | 100,204 |
Stamptax | 18,448,026 | 10,751,775 |
Environmentalprotectiontax | 5,504,435 | 7,677,550 |
Other | 2,705,837 | 0 |
Total | 72,015,381 | 125,033,155 |
Othernote
63.Sellingexpenses
InRMB
Items | Amountofcurrentperiod | Amountofpreviousperiod |
Employee’sremuneration | 25,269,233 | 28,210,400 |
Depreciationexpenses | 1,660,382 | 1,720,627 |
Businessexpense | 1,255,893 | 1,345,254 |
PublicityExpenses | 159,485 | 234,761 |
Other | 2,115,057 | 4,083,946 |
Total | 30,460,050 | 35,594,988 |
Othernote
64.Administrativeexpenses
InRMB
Items | Amountofcurrentperiod | Amountofpreviousperiod |
Employee’sremuneration | 283,189,854 | 222,584,846 |
Amortizationofintangibleassets | 33,707,412 | 36,972,060 |
Depreciationexpenses | 38,783,816 | 34,608,134 |
Firesafetyexpenses | 17,730,695 | 20,591,925 |
Propertymanagementexpenses | 18,911,954 | 17,675,282 |
Agencyfee | 9,501,922 | 8,921,215 |
Rentalexpenses | 6,065,423 | 5,607,002 |
Aforestationfee | 5,882,034 | 5,425,685 |
Officeexpenses | 5,698,458 | 5,233,459 |
Travelexpenses | 2,889,500 | 3,672,795 |
Entertainmentexpenses | 2,366,481 | 2,555,273 |
Consultingfee | 2,185,778 | 2,029,583 |
Insuranceexpenses | 1,265,954 | 1,336,755 |
Lowconsumablesamortization | 1,117,419 | 959,910 |
Expensesonboardmeetings | 150,590 | 317,228 |
Other | 48,508,584 | 44,944,191 |
Total | 477,955,874 | 413,435,343 |
65.R&DExpense
InRMB
Items | Amountofcurrentperiod | Amountofpreviousperiod |
Directinputfee | 535,940,368 | 63,370,274 |
Employee’sremuneration | 114,635,359 | 44,738,097 |
Other | 92,283,264 | 10,152,796 |
Outsourcedresearchanddevelopmentexpenses | 9,465,979 | 1,488,645 |
Total | 752,324,970 | 119,749,812 |
66.FinancialExpenses
InRMB
Items | Amountofcurrentperiod | Amountofpreviousperiod |
Interestexpenses | 1,135,329,167 | 693,307,586 |
Interestincome | -66,355,499 | -69,736,114 |
Bankchargesandothers | 12,084,176 | 631,434 |
Total | 1,081,057,844 | 624,202,906 |
67.Otherincome
InRMB
Othersourcesofrevenue | AmountoftheCurrentTerm | AmountofthePreviousTerm |
RevenuefromtimelylevyandrefundofVAT | 19,790,415 | 16,646,733 |
Amortizationofthedeferredincomerelatedtotheassets | 6,345,576 | 2,410,954 |
Other | 9,057,081 | 4,369,234 |
68.Investmentincome
InRMB
Items | Amountofthisperiod | Amountoflastperiod |
Long-termequityinvestmentincomebyequitymethod | 498,927,895 | 429,715,965 |
Disposaloftheinvestmentincomegeneratedfromthelong-termequityinvestment | 607,470 | -1,433,216 |
Dividendsearnedduringtheholdingperiodoninvestmentsinotherequityinstrument | 90,156,139 | 30,182,378 |
Total | 589,691,504 | 458,465,127 |
69.NetexposurehedgingincomeNotapplicable
70.GainsonthechangesinthefairvalueNotapplicable
71.Creditimpairmentloss
InRMB
Items | Amountofthisperiod | Amountoflastperiod |
Lossofbaddebtsinotherreceivables | 2,201,102 | -305,132 |
Impairmentlossofthecontractassets | -14,832 | |
Lossofbadaccountsreceivable | -472,403 | -97,345 |
Total | 1,728,699 | -417,309 |
72.Lossesfromassetimpairment
InRMB
Items | Amountofthisperiod | Amountoflastperiod |
I.Baddebtlosses | 0 | 0 |
II.LossofinventorypriceandImpairmentofcontractperformancecosts | 0 | 0 |
III.Long-termequityinvestmentimpairmentloss | 0 | 0 |
IV.Investmentrealestateimpairmentloss | 0 | 0 |
V.Impairmentlossoffixedassets | 0 | 0 |
VI.Impairmentlossofengineeringmaterials | 0 | 0 |
VII.Impairmentlossoftheconstructioninprocess | 0 | 0 |
VIII.Impairmentlossofproductivebiologicalassets | 0 | 0 |
IX.Oilandgasassetsimpairmentloss | 0 | 0 |
X.Impairmentlossofintangibleassets | 0 | 0 |
XI.Goodwillimpairmentloss | 0 | 0 |
XII.Impairmentlossofthecontractassets | 0 | 0 |
XIII.Other | 0 | 0 |
73.Assetsdisposalincome
InRMB
Source | Amountofthisperiod | Amountoflastperiod |
IncomefromdisposalofFixedassets | 31,707,133 | 43,236,290 |
Incomefromlanddisposal | 0 | 74,664,905 |
74.Non-Operationincome
InRMB
Items | Amountofcurrentperiod | Amountofpreviousperiod | Recordedintheamountofthenon-recurringgainsandlosses |
Gainondisposalofnon-currentassets | 2,242,304 | 7,507,022 | 2,242,304 |
Afinenetincome | 1,198,829 | 0 | 1,198,829 |
liquidateddamagesincome | 176,008 | 0 | 176,008 |
Inventoryscrap | 416,655 | 0 | 416,655 |
ClaimsandCompensationIncome | 62,263 | 4,304,093 | 62,263 |
Other | 4,770,206 | 4,706,839 | 4,770,206 |
Total | 8,866,265 | 16,517,954 | 8,866,265 |
75.Non-currentexpenses
InRMB
Items | Amountofcurrentperiod | Amountofpreviousperiod | Theamountofnon-operatinggains&losses |
Foreigndonations | 104,416 | 109,792 | 104,416 |
Lossonobsolescenceofnon-currentassets | 5,145,026 | 4,448,428 | 5,145,026 |
Carbonemissionrightsassetsusedforperformance | 8,000,000 | 2,831,978 | 0 |
Finefordelayingpayment | 5,470,272 | 219,689 | 5,470,272 |
Other | 1,237,646 | 7,628,075 | 1,237,646 |
Total | 19,957,360 | 15,237,962 | 11,957,360 |
Othernote:
InaccordancewiththeInterimProvisionsontheAccountingTreatmentRegardingCarbonEmissionsRightTradingandtheInterimMeasuresfortheAdministrationofTradingofCarbonEmissionRights(CaiKuai[2019]No.22),companieswithintheGroupthatwereidentifiedaskeyemissionunitsrecognisedthepurchaseofcarbonemissionquotasusedin2021asnon-operatingexpensesonanaccrualbasis,andincludedrelateprovisionforcarbonemissionquotapayableinotherpayables.
76.Incometaxexpenses
(1)Incometaxexpenses
InRMB
Items | Amountofcurrentperiod | Amountofpreviousperiod |
Currentincometaxexpense | 88,354,741 | 242,736,676 |
Deferredincometaxexpense | -234,835,297 | -82,136,583 |
Total | -146,480,556 | 160,600,093 |
(2)Adjustmentonaccountingprofitandincometaxexpenses
InRMB
Items | Amountofcurrentperiod |
Totalprofits | -2,269,529,679 |
Incometaxexpensescalculatedonlegal/applicabletaxrate | -567,382,420 |
EffectofdifferenttaxrateapplicabletothesubsidiaryCompany | -74,740,793 |
Influenceofnontaxableincome | -147,535,799 |
Impactofnon-deductiblecosts,expensesandlosses | 1,519,902 |
Transfer-outofdeductiblelossesforwhichdeferredtaxassetwasrecognised | -7,702,108 |
Deductibletemporarydifferencesforwhichnodeferredtaxassetwasrecognisedinthecurrentperiod | 638,429,238 |
Utilisationofdeductiblelossesforwhichnodeferredtaxassetwasrecognisedinpreviousperiods | 23,165,582 |
Utilisationofdeductibletemporarydifferencesforwhichnodeferredtaxassetwasrecognisedinpreviousperiods | -12,234,158 |
Incometaxexpenses | -146,480,556 |
77.OthercomprehensiveincomeRefertothenotesVII(57)
78.ItemsofCashflowstatement
(1)Othercashreceivedfrombusinessoperation
InRMB
Items | Amountofcurrentperiod | Amountofpreviousperiod |
Interestincome | 60,744,913 | 54,888,486 |
GovernmentSubsidy | 12,106,261 | 11,653,675 |
Claimsandcompensationincome | 4,120,923 | 1,395,046 |
Rentalfee | 16,274,284 | 14,813,018 |
Other | 170,803,211 | 97,305,810 |
Total | 264,049,592 | 180,056,035 |
(2)Othercashpaidrelatedtooperatingactivities
InRMB
Items | Amountofcurrentperiod | Amountofpreviousperiod |
Insuranceexpenses | 59,805,167 | 58,482,782 |
Equipmentcleaningandsanitationandgreeningfee | 11,179,627 | 11,998,258 |
Transportationfee | 1,944,107 | 12,384,777 |
Fireguardfee | 14,894,750 | 16,191,209 |
Businessfee | 3,708,958 | 3,809,406 |
AgencyCharge | 6,212,870 | 8,691,612 |
Officeexpenses | 5,643,624 | 6,465,894 |
Travelexpenses | 4,542,242 | 5,414,452 |
Rentalfee | 14,137,813 | 10,241,795 |
Enterprisepublicityexpenses | 2,671,933 | 2,759,897 |
Informationsystemmaintenance | 69,173,691 | 5,368,490 |
Waterandelectricity | 38,633,864 | 27,181,912 |
R&D | 13,560,305 | 4,313,829 |
Propertymanagement | 20,865,234 | 16,750,741 |
Vehicle | 15,702,294 | 13,518,787 |
Labourunion | 8,708,932 | 6,537,373 |
Other | 325,111,885 | 265,414,570 |
Total | 616,497,296 | 475,525,784 |
(3)Cashreceivedrelatedtootherinvestmentactivities
InRMB
Items | Amountofcurrentperiod | Amountofpreviousperiod |
Receivedreturnedlanddeposit | 300,000 | |
Total | 300,000 | 0 |
(4)CashpaidrelatedtootherinvestmentactivitiesNotapplicable
(5)OthercashreceivedinrelationtofinancingactivitiesNotapplicable
(6)Cashpaidrelatedwithfinancingactivities
InRMB
Items | Amountofcurrentperiod | Amountofpreviousperiod |
Rentpaidbythefinanciallease | 20,793,683 | 42,044,371 |
Total | 20,793,683 | 42,044,371 |
79.SupplementInformationforcashflowstatement
(1)SupplementInformationforcashflowstatement
InRMB
SupplementInformation | Amountofcurrentperiod | Amountofpreviousperiod |
I.Adjustingnetprofittocashflowfromoperatingactivities | ||
Netprofit | -2,123,049,123 | 487,900,103 |
Add:Impairmentlossprovisionofassets | -1,728,699 | 417,310 |
Depreciationoffixedassets,oilandgasassetsandconsumablebiologicalassets | 2,343,017,900 | 1,948,652,392 |
DepreciationofUserightassets | 131,524,416 | 69,288,735 |
Amortizationofintangibleassets | 44,413,829 | 38,645,842 |
AmortizationofLong-termdeferredexpenses | 3,288,367 | 2,576,853 |
Lossondisposaloffixedassets,intangibleassetsandotherlong-termdeferredassets | -31,707,133 | -117,901,195 |
Fixedassetsscraploss | 2,902,722 | 437,564 |
Lossonfairvaluechanges | 0 | 0 |
Financialcost | 1,081,057,844 | 624,202,906 |
Lossoninvestment | -589,691,504 | -458,465,127 |
Decreaseofdeferredincometaxassets | -306,666,111 | -70,238,669 |
Increasedofdeferredincometaxliabilities | -38,678,242 | 65,459,153 |
Decreaseofinventories | -136,871,256 | -846,247,635 |
Deceaseofoperatingreceivables | 848,217,168 | -755,958,394. |
IncreasedofoperatingPayable | -1,434,388,688 | 2,798,076,978 |
Other | 0 | 0 |
Netcashflowsarisingfromoperatingactivities | -208,358,510 | 3,786,846,816 |
II.Significantinvestmentandfinancingactivitiesthatwithoutcashflows: |
Conversionofdebtintocapital | ||
Convertiblecorporatebondsmaturingwithinoneyear | ||
Financingoffixedassetsleased | ||
3.Movementofcashandcashequivalents: | ||
Endingbalanceofcash | 10,767,718,823 | 9,523,370,233 |
Less:Beginningbalanceofcashequivalents | 8,023,116,939 | 9,405,082,609 |
Add:Endbalanceofcashequivalents | ||
Less:Beginningbalanceofcashequivalents | ||
Netincreaseofcashandcashequivalent | 2,744,601,884 | 118,287,624 |
(2)NetCashpaidofobtainingthesubsidiaryNotapplicable
(3)NetCashreceiveofdisposalofthesubsidiaryNotapplicable
(4)Componentofcashandcashequivalents
InRMB
Items | Year-endbalance | Year-beginningbalance |
I.Cash | 10,767,718,823 | 8,023,116,939 |
Including:Cashathand | 61,000 | 83,108 |
Demandbankdeposit | 10,767,657,823 | 8,023,033,831 |
III.Balanceofcashandcashequivalentsattheperiodend | 10,767,718,823 | 8,023,116,939 |
80.Noteofstatementofchangesintheowner'sequityNotapplicable
81.Theassetswiththeownershiporuserightrestricted
InRMB
Items | Closingbookvalue | Causationoflimitation |
Monetaryfunds | 48,778,163 | Ecologicalsecurity,landreclamationbond,projectperformancebondandspecialprojectdeposit |
Usingrightassets | 5,132,159,889 | Assetstouserightsformedbyfinancinglease |
Total | 5,180,938,052 |
82.Foreigncurrencymonetaryitems
(1)Foreigncurrencymonetaryitems
InRMB
Items | Closingforeigncurrencybalance | Exchangerate | ClosingconverttoRMBbalance |
Monetarycapital | 1,900 | ||
Including:USD | 191 | 6.7114 | 1,282 |
Euro | 0 | 0 | 0 |
HKD | 724 | 0.8532 | 618 |
Accountreceivable
Accountreceivable |
Including:USD |
Euro |
HKDLong–termborrowings
Long–termborrowings | |||
Including:USD | 7,483,611 | 6.7114 | 50,225,507 |
Euro | |||
HKD |
Othernote
(2)Notetooverseasoperatingentities,includingimportantoverseasoperatingentities,whichshouldbedisclosedaboutitsprincipalbusinessplace,functioncurrencyforbookkeepingandbasisforthechoice.Incaseofanychangeinfunctioncurrency,thecauseshouldbedisclosed.
□Applicable√Notapplicable
83.HedgingNotapplicable
84.Governmentsubsidies
(1)Governmentsubsidiesconfirmedincurrentperiod
InRMB
Items | Amount | Project | Amountincludedincurrentprofitandloss |
RevenuefromtimelylevyandrefundofVAT | 19,790,416 | Otherincome | 19,790,416 |
Amortizationofthedeferredincomerelatedtotheassets | 6,345,575 | Otherincome | 6,345,575 |
Other | 9,057,081 | Otherincome | 9,057,081 |
(2)Governmentsubsidyreturn
□Applicable√NotapplicableOthernote:
85.OtherVIII.Changesofmergescope
1.Businessmergernotundersamecontrol
(1)BusinessmergernotundersamecontrolinreportingperiodNotapplicable
(2)BusinesscombinationunderthesamecontrolNotapplicable
(3)CounterpurchaseNotapplicable
(4)ThedisposalofsubsidiaryWhetherthereisasingledisposaloftheinvestmenttosubsidiaryandlostcontrol
□Yes√No
Whethertherearemultipletransactionsstepbystepdisposetheinvestmenttosubsidiaryandlostcontrolinreportingperiod
□Yes√No
(5).Otherreasonsforthechangesincombinationscope
Notestoreasonsforthechangesincombinationscope(Newlyestablishedsubsidiaryandsubsidiaryofliquidation)andrelevantinformation:
NameofSubsidiary | MainPlacesofOperation | RegistrationPlace | NatureofBusiness | ShareholdingRatio(%) | ObtainingMethod | |
direct | indirect | |||||
ShaoguanNewEnergy | Shaoguan | Shaoguan | ElectricPower | 100% | Establish | |
HanhaiNewEnergy | Tumushuke | Tumushuke | ElectricPower | 100% | Establish | |
JinxiuCompany | Laibin,Guangxi | Laibin,Guangxi | ElectricPower | 90% | Establish |
Inaddition,thisyear,SVAPetroleumStorageandTransportation(formerlyindirectlyheld51%),HuangdianTrainingCenter(formerlyindirectlyheld51%)andSuishenCompany(formerlyindirectlyheld35.70%)werecancelled.
(6).OtherIX.Equityinotherentity
1.Equityinsubsidiary
(1)Constituteofenterprisegroup
Subsidiary | Mainoperation | Registeredplace | Businessnature | Share-holdingratio | Acquiredway | |
Directly | Indirectly | |||||
MaomingTermalpowerPlant | Maoming | Maoming | ElectricPower | 46.54% | Establish | |
JinghaiPowrGeneration | Jieyang | Jieyang | Electricpower | 65% | Establish | |
ZhangjiangWindPower | Zhanjiang | Zhanjiang | Electricpower | 70% | Establish | |
AnxinElectricPowerMaintenance | Dongguan | Dongguan | Electricpower | 100% | Establish | |
HumenPowerGeneration | Dongguan | Dongguan | Electricpower | 60% | Establish | |
BoheCompany | Maoming | Maoming | Electricpower | 67% | Establish | |
XuwenWindPower | Zhanjiang | Zhanjiang | Electricpower | 70% | Establish | |
HuaduNaturalgas | Guangzhou | Guangzhou | Electricpower | 65% | Establish | |
DapuCompany | Meizhou | Meizhou | Electricpower | 100% | Establish | |
LeizhouWindPower | Leizhou | Leizhou | Electricpower | 94% | Establish | |
DianbaiWindPower | Maoming | Maoming | Electricpower | 100% | Establish | |
ZhanjiangCompany | Zhanjiang | Zhanjiang | Electricpower | 76% | Businesscombinationsinvolvingenterprisesundercommoncontrol | |
YuejiaCompany | Meizhou | Meizhou | Electricpower | 58% | Businesscombinationsinvolvingenterprisesundercommoncontrol | |
YuejiangCompany | Shaoguan | Shaoguan | Electricpower | 90% | Businesscombinationsinvolvingenterprisesundercommoncontrol | |
ZhongyueCompany | Zhanjiang | Zhanjiang | Electricpower | 90% | Businesscombinationsinvolvingenterprisesundercommoncontrol | |
Electricsales | Guangzhou | Guangzhou | Electricpower | 100% | Establish | |
QujieWindPower | Zhanjiang | Zhanjiang | Electricpower | 100% | Establish | |
YangjiangWindPower | Yangjiang | Yangjiang | Electricpower | 91.41% | Establish | |
LincangCompany | Lincang | Lincang | Electricpower | 100% | Businesscombinationsinvolvingenterprisesnotundercommoncontrol | |
GuangqianCompany | Shenzhen | Shenzhen | Electricpower | 100% | Businesscombinationsinvolvingenterprisesundercommoncontrol | |
HuizhouNaturalgas | Huizhou | Huizhou | Electricpower | 67% | Businesscombinationsinvolvingenterprisesundercommoncontrol | |
PinghaiPowerGeneration | Huizhou | Huizhou | Electricpower | 45% | Businesscombinationsinvolvingenterprisesunder |
commoncontrol | ||||||
ShibeishanWindPower | Jieyang | Jieyang | Electricpower | 70% | Businesscombinationsinvolvingenterprisesundercommoncontrol | |
RedBayCompany | Shanwei | Shanwei | Electricpower | 65% | Businesscombinationsinvolvingenterprisesundercommoncontrol | |
GuangdongWindPower | Guangzhou | Guangzhou | Electricpower | 100% | Businesscombinationsinvolvingenterprisesnotundercommoncontrol | |
TongdaoWindPower | Huaihua | Huaihua | Electricpower | 100% | Establish | |
PingyuanWindPower | Meizhou | Meizhou | Electricpower | 100% | Establish | |
HepingWindPower | Heyuan | Heyuan | Electricpower | 100% | Establish | |
HuilaiWindPower | Jieyang | Jieyang | Electricpower | 89.83% | Businesscombinationsinvolvingenterprisesnotundercommoncontrol | |
HongruiTechnology | Shaoguan | Shaoguan | ElectricPower | 90% | Establish | |
YonganNaturalgas | Zhaoqing | Zhaoqing | Electricpower | 90% | Establish | |
XupuWindPower | Huaihua | Huaihua | Electricpower | 100% | Establish | |
WuxuanWindPower | Guangzi | Guangxi | Electricpower | 100% | Establish | |
PingdianIntegratedEnergyCompany | Huizhou | Huizhou | Electricpower | 45% | Establish | |
ZhuhaiWindPower | Zhuhai | Zhuhai | Electricpower | 74.49% | Establish | |
BinhaiBay | Dongguan | Dongguan | Electricpower | 100% | Establish | |
DayawanCompany | Huizhou | Huizhou | Electricpower | 70% | Establish | |
QimingCompany | Shenzhen | Shenzhen | Electricpower | 100% | Establish | |
HuaguoquanCompany | Shenzhen | Shenzhen | Rent | 100% | Businesscombinationsinvolvingenterprisesnotundercommoncontrol | |
DananhaiCompany | Jieyang | Jieyang | Electricpower | 100% | Establish | |
BaihuaEnergy | Huizhou | Huizhou | Electricpower | 100% | Establish | |
NanxiongNewEnergy | Shaoguan | Shaoguan | Electricpower | 100% | Establish | |
BijieNewEnergy | Bijie | Bijie | Electricpower | 100% | Establish | |
QinghaiWindPower | Yangjiang | Yangjiang | Electricpower | 100% | Establish | |
WanhaoweiNewEnergy | Zhanjiang | Zhanjiang | Electricpower | 100% | Establish | |
WanchuangHengweiNewEnergy | Zhanjiang | Zhanjiang | Electricpower | 100% | Establish | |
NanhuaNewEnergy | Zhanjiang | Zhanjiang | Electricpower | 51% | Businesscombinationsinvolvingenterprisesnotundercommoncontrol | |
DatangNewEnergy | Guangzhou | Guangzxhou | Electricpower | 51% | Businesscombinationsinvolvingenterprisesnotundercommoncontrol | |
YuenengWindPower | Zhanjiang | Zhanjiang | Electricpower | 51% | Businesscombinationsinvolvingenterprisesnotundercommoncontrol |
TumuermalpowerCompany | Xinjiang | Xingjiang | Electricpower | 79.48% | Businesscombinationsinvolvingenterprisesnotundercommoncontrol | |
ShaCCompany | Guangzhou | Guangzhou | Electricpower | 51% | Businesscombinationsinvolvingenterprisesundercommoncontrol | |
GuangheElectricPower | Guangzhou | Guangzhou | Electricpower | 51% | Businesscombinationsinvolvingenterprisesundercommoncontrol | |
Biomasspowergeneration | Zhangjiang | Zhangjiang | Electricpower | 51% | Businesscombinationsinvolvingenterprisesundercommoncontrol | |
Xinhuipowergeneration | Jiangmen | Jiangmen | Electricpower | 45.90% | Businesscombinationsinvolvingenterprisesundercommoncontrol | |
Huaqingpowergeneration | Jiangmen | Jiangmen | Electricpower | 33.15% | Businesscombinationsinvolvingenterprisesundercommoncontrol | |
Yunhepowergeneration | Yunfu | Yunfu | Electricpower | 90% | Businesscombinationsinvolvingenterprisesundercommoncontrol | |
YundianEnergy | Yunfu | Yunfu | Electricpower | 56.25% | Businesscombinationsinvolvingenterprisesundercommoncontrol | |
Yuehuapowergeneration | Guangzhou | Guangzhou | Electricpower | 51% | Businesscombinationsinvolvingenterprisesundercommoncontrol | |
YunhuantegratedEnergyCompany | Guangzhou | Guangzhou | Electricpower | 51% | Businesscombinationsinvolvingenterprisesundercommoncontrol | |
GuangzhouHuangpuPetroleumstorage(cancelled) | ||||||
HuangpuElectricPowerEngineering | Guangzhou | Guangzhou | Electricpower | 51% | Businesscombinationsinvolvingenterprisesundercommoncontrol | |
HuangdianTrainingcenter(cancelled) | ||||||
SuishenComapny(cancelled) | ||||||
ShaoguanNewEnergy | Shaoguan | Shaoguan | Electricpower | 100% | Establish | |
HanhaiNewEnergy | Xingjiang | Xingjiang | Electricpower | 100% | Establish | |
JinxiuEnergy | Laibin | Laibin | Electricpower | 90% | Establish |
Explanationonshare-holdingratioinsubsidiarydifferentfromratioofvotingright:
PinghaipowerwasboughtbytheCompanyin2012byofferednon-publicsharesfromYudean.AccordingtotheagreementbetweenYudeanandHuaxiaElectric,whichholds40%shareinterestinPinghaiPower,thedelegatedshareholderanddirectorfromHuaxiaElectricmaintainconsensuswiththoseofYudeanwhenexercisingtheirvotingrightsduringshareholderandboardmeeting;whileafterYudeantransferredits45%shareholdingofPinghaiPowertotheCompany,thedelegatedshareholderanddirectorfromHuaxiaElectricalsomaintainconsensuswiththoseoftheCompanywhenexercisingtheirvotingrightsduringshareholderandboardmeeting.Onaccountoftheabovefacts,withthecontrolpowerofPinghaiPower,HuaxiaElectricenjoysvariablereturnsthroughinvolvinginitsrelevantactivitiesandhastheabilitytomakeuseofitspowertoinfluencetheamountofreturns.Therefore,theCompanyownsthecontrolpoweroverPinghaiPower.
On30November2018,MaomingTermalpowermergedMaomingTermalpower,wholly-ownedbyGEGC.Afterthemerger,GEGCheld30.12%equityofMaomingTermalpower.AccordingtotheagreementbetweentheCompanyandGEGC,thedelegatedshareholderanddirectorfromGEGCmaintainconsensuswiththoseoftheCompanywhileexercisingthevotingrightsduringtheshareholders’meetingandtheBoardofDirectors’meetingatMaomingTermalpower.Therefore,theCompanyownscontrolpoweroverMaomingTermalpower.Inaddition,pursuanttotheconsentagreemententeredintobetweentheCompanyandGEGC,theCompanyholds
61.33%votingrightsinMaomingComprehensive,asubsidiarywhose80%equityisdirectlyheldbyMaomingZhenneng.Therefore,theCompanyownscontrolpoweroverMaomingTermalpowerComprehensive
(2)Significantnotwholly-ownedsubsidiaries
InRMB
Name | Holdingproportionofnon-controllinginterest | Profitorlossattributabletonon-controllinginterest | Dividenddeclaredtonon-controllinginterest | Closingbalanceofnon-controllinginterest |
BoheCompany | ||||
ZhanjiangCompany | 24% | -35,199,481 | 853,992,823 | |
JinghaiCompany | 35% | -62,997,054 | 981,027,105 | |
RedBayCompany | 35% | -78,461,652 | 873,812,068 | |
HuizhouNaturalgas | 33% | 3,655,038 | 25,174,599 | 630,402,997 |
PinghaiPowerGeneration | 55% | -51,703,314 | 988,343,064 | |
ShaCCompany | 49% | -196,455,496 | 1,254,004,127 |
(3)Mainfinancialinformationofsignificantnotwholly-ownedsubsidiaries
InRMB
Subsidiaries | Closingbalance | Beginningbalance | ||||||||||
Currentassets | Non-currentassets | Totalassets | Currentliabilities | Non-currentLiabilities | Totalliabilities | Currentassets | Non-currentassets | Totalassets | Currentliabilities | Non-currentLiabilities | Totalliabilities | |
BoheCompany | 2,458,586,385 | 6,490,943,049 | 8,949,529,434 | 2,098,507,523 | 2,704,208,491 | 4,802,716,014 | 2,609,681,761 | 6,892,655,462 | 9,502,337,223 | 3,008,450,314 | 2,359,263,315 | 5,367,713,629 |
ZhanjiangCompany | 2,638,198,041 | 1,212,189,105 | 3,850,387,146 | 265,407,038 | 26,676,677 | 292,083,715 | 2,650,321,842 | 1,266,988,373 | 3,917,310,215 | 183,009,639 | 29,332,641 | 212,342,280 |
JinghaiCompany | 1,462,511,357 | 6,634,817,785 | 8,097,329,142 | 4,081,070,987 | 1,213,323,571 | 5,294,394,558 | 1,526,571,272 | 6,829,232,837 | 8,355,804,109 | 4,033,650,563 | 1,339,227,380 | 5,372,877,943 |
RedBayCompany | 1,342,407,090 | 4,969,804,802 | 6,312,211,892 | 3,330,283,557 | 485,322,428 | 3,815,605,985 | 1,409,063,788 | 5,053,935,838 | 6,462,999,626 | 3,167,753,333 | 574,464,236 | 3,742,217,569 |
HuizhouNaturalgas | 603,320,187 | 2,805,859,417 | 3,409,179,604 | 1,037,291,784 | 461,575,707 | 1,498,867,491 | 339,090,166 | 2,930,623,382 | 3,269,713,548 | 726,965,377 | 567,225,268 | 1,294,190,645 |
PinghaiPowerGeneration | 1,713,549,436 | 2,964,880,629 | 4,678,430,065 | 982,376,986 | 1,899,065,690 | 2,881,442,676 | 1,588,057,850 | 3,411,190,163 | 4,999,248,013 | 1,230,761,702 | 1,877,492,900 | 3,108,254,602 |
ShaCCompany | 2,456,100,467 | 3,900,169,926 | 6,356,270,393 | 2,454,231,929 | 1,336,056,629 | 3,790,288,558 | 2,916,866,925 | 3,999,456,043 | 6,916,322,968 | 2,657,111,340 | 1,273,188,755 | 3,930,300,095 |
InRMB
Subsidiaries | Amountofcurrentperiod | Amountofpreviousperiod | ||||||
Operatingrevenue | Netprofit | Totalcomprehensiveincome | Cashflowfromoperatingactivities | Operatingrevenue | Netprofit | Totalcomprehensiveincome | Cashflowfromoperatingactivities | |
BoheCompany | 1,600,129,810 | 12,189,826 | 12,189,826 | 212,145,168 | 1,190,006,156 | -163,273,077 | -163,273,077 | 179,163,841 |
ZhanjiangCompany | 1,101,789,798 | -146,664,504 | -146,664,504 | 16,138,167 | 1,071,291,598 | 24,432,411 | 24,432,411 | 84,360,764 |
JinghaiCompany | 2,964,790,103 | -179,991,581 | -179,991,581 | -233,268,195 | 2,095,200,102 | 230,709,943 | 230,709,943 | 661,661,302 |
RedBayCompany | 2,321,105,097 | -224,176,150 | -224,176,150 | -157,836,532 | 1,630,674,910 | 152,599,944 | 152,599,944 | 639,189,177 |
HuizhouNaturalgas | 1,414,352,530 | 11,075,874 | 11,075,874 | -81,615,392 | 1,870,326,110 | 334,746,205 | 334,746,205 | 412,544,115 |
PinghaiPowerGeneration | 2,432,384,327 | -94,006,025 | -94,006,025 | 41,046,024 | 1,443,009,856 | 242,186,835 | 242,186,835 | 326,530,144 |
ShaCCompany | 2,368,494,724 | -423,529,603 | -423,529,603 | -901,521,160 | 2,534,236,245 | 256,458,029 | 253,663,059 | 484,084,927 |
(4)SignificantrestrictionsofusingenterprisegroupassetsandpayoffenterprisegroupdebtNotapplicable
(5)ProvidefinancialsupportorothersupportforstructureentitiesincorporateintothescopeofconsolidatedfinancialstatementsNotapplicable
2.ThetransactionoftheCompanywithitsowner’sequitysharechangedbutstillcontrollingthesubsidiaryNotapplicable
3.Equityinjointventurearrangementorassociatedenterprise
(1)Significantjointventurearrangementorassociatedenterprise
NameofSubsidiary | MainPlacesofOperation | RegistrationPlace | NatureofBusiness | ShareholdingRatio(%) | Theaccountingtreatmentofinvestmentinassociates | |
direct | indirect | |||||
Jointventures:- | ||||||
IndustryFuel | Guangzhou | Guangzhou | Fueltrade | 50% | ||
Associates: | ||||||
ShanxiYudeanEnerty | Taiyuan | Taiyuan | CoalTransportationandportoperationsinvestment | 40% | ||
YudeanShipping | Zhenzhen | Shenzhen | Transportation,portoperations | 35% | ||
EnergyFinance | Guangzhou | Guangzhou | Financial | 40% | ||
TaishanPowerGeneration | Taishan | Taishan | PowerGeneration | 20% | ||
EnergyFinancingLeasingCompany | Guangzhou | Guangzhou | FinancingLeasing | 25% |
(2)MainfinancialinformationofSignificantjointventure
InRMB
Amountofcurrentperiod | Amountofpreviousperiod | |
IndustryFuel | IndustryFuel | |
Currentassets | 7,355,609,387 | 8,607,437,424 |
Including:Balanceofcashandcashequivalents | ||
Non-currentassets | 4,001,437,141 | 3,981,342,190 |
Totalofassets | 11,357,046,528 | 12,588,779,614 |
Currentliabilities | 7,369,728,718 | 9,741,803,372 |
Noncurrentliabilities | 2,235,391,865 | 1,169,197,748 |
Totalliabilities | 9,605,120,583 | 10,911,001,120 |
MinorityshareholderEquity | 67,010,551 | 67,010,551 |
Attributabletoshareholdersoftheparentcompany | 1,684,915,394 | 1,610,767,943 |
Shareofnetassetscalculatedbystake | 842,457,697 | 805,383,972 |
Adjustmentitem | ||
--Goodwill | ||
--Internaltransactionsdidnotachieveprofit | -159,913,458 | -159,913,458 |
--Other | ||
Bookvalueofequityinvestmentinjointventure | 682,544,239 | 645,470,514 |
Thefairvalueoftheequityinvestmentof |
ajointventurewithapublicquotation | ||
Businessincome | 17,314,930,225 | 15,512,366,825 |
Financialexpenses | 87,691,402 | 12,439,451 |
Incometax | 24,130,311 | 53,178,987 |
Netprofit | 74,174,449 | 160,175,934 |
Netprofitfromterminatedoperation | 0 | |
Othercomprehensiveincome | 0 | |
Totalcomprehensiveincome | 74,174,449 | 160,175,934 |
0 | ||
Dividendsreceivedfromthejointventurethisyear | 29,649,898 |
OthernoteShareofassetiscalculatedinproportiontotheshareholdingbasedontheamountattributabletotheparentcompanyintheconsolidatedfinancialstatementsofassociates.Theamountintheconsolidatedfinancialstatementsofassociatesconsiderstheimpactsoffairvalueofidentifiableassetsandliabilitiesofassociatesatthetimeofacquisitionandtheunificationofaccountingpolicies.
(3)Mainfinancialinformationofsignificantassociatedenterprise
InRMB
Closingbalance/Thisperiod | Openingbalance/Lastperiod | |||||||||
ShanxiEnergy | YudeanShipping | EnergyFinance | TaishanPowerGeneration | EnergyFinancingLeasingCompany | ShanxiEnergy | YudeanShipping | EnergyFinance | TaishanPowerGeneration | EnergyFinancingLeasingCompany | |
Currentassets | 1,040,969,674 | 641,571,286 | 7,371,307,527 | 3,071,328,769 | 890,239,041 | 1,074,073,055 | 829,650,386 | 7,694,411,383 | 2,930,161,081 | 632,968,295 |
Non-currentassets | 7,438,261,411 | 1,376,929,675 | 18,184,079,259 | 8,988,244,287 | 7,516,343,275 | 6,627,921,355 | 1,421,743,662 | 17,101,010,480 | 9,406,287,125 | 7,281,003,242 |
Totalofassets | 8,479,231,085 | 2,018,500,961 | 25,555,386,786 | 12,059,573,056 | 8,406,582,316 | 7,701,994,410 | 2,251,394,048 | 24,795,421,863 | 12,336,448,206 | 7,913,971,537 |
Currentliabilities | 522,403,515 | 1,258,834,496 | 21,490,053,127 | 2,863,720,736 | 1,711,486,785 | 493,070,520 | 1,535,089,658 | 20,630,423,850 | 3,414,107,776 | 1,840,650,722 |
Non-currentliabilities | 1,281,851,074 | 27,915,297 | 36,609,358 | 4,576,937,235 | 1,230,741,592 | 7,861,833 | 31,373,853 | 3,944,093,673 | ||
Totalliabilities | 1,804,254,589 | 1,286,749,793 | 21,526,662,485 | 2,863,720,736 | 6,288,424,020 | 1,723,812,112 | 1,542,951,491 | 20,661,797,703 | 3,414,107,776 | 5,784,744,395 |
MinorityshareholderEquity
MinorityshareholderEquity | 69,866,595 | 70,239,165 | ||||||||
Attributabletoshareholdersoftheparentcompany | 6,605,109,901 | 731,751,168 | 4,028,724,301 | 9,195,852,320 | 2,118,158,296 | 5,907,943,133 | 708,442,557 | 4,133,624,160 | 8,922,340,430 | 2,129,227,142 |
Shareofnetassetscalculatedbystake | 2,642,043,841 | 253,839,486 | 1,611,489,720 | -1,839,170,464 | 529,744,007 | 2,363,177,253 | 247,954,895 | 1,653,449,664 | 1,784,468,086 | 532,306,787 |
Adjustmentitem | ||||||||||
--Goodwill | 13,325,000 | 13,325,000 | ||||||||
--Internaltransactionsdidnotachieveprofit | ||||||||||
--Other | -454,941 | - | ||||||||
Bookvalueofequityinvestmentinjointventure | 2,642,043,841 | 253,839,486 | 1,624,359,779 | 1,839,170,465 | 529,744,007 | 2,363,177,253 | 247,954,895 | 1,666,774,664 | 1,784,468,086 | 532,306,787 |
Thefairvalue |
oftheequityinvestmentofajointventurewithapublicquotation | ||||||||||
Businessincome | 72,490,741 | 661,785,270 | 377,919,901 | 4,165,296,856 | 150,431,274 | 40,369,217 | 975,357,361 | 361,371,694 | 2,700,661,824 | 119,226,458 |
Netprofit | 696,793,898 | 16,813,118 | 203,699,560 | 234,815,986 | 62,917,590 | 420,775,891 | 62,555,903 | 212,021,766 | 223,754,761 | 41,841,369 |
Netprofitfromterminatedoperation | ||||||||||
Othercomprehensiveincome | ||||||||||
Totalcomprehensiveincome | 696,793,898 | 16,813,118 | 207,121,927 | 234,815,986 | 62,917,590 | 420,775,891 | 62,555,903 | 212,021,766 | 223,754,761 | 41,841,369 |
Dividendsreceivedfromtheassociatedenterprisethisyear
Dividendsreceivedfromtheassociatedenterprisethisyear | 123,894,709 | 18,292,179 | 76,421,226 | 12,576,669 |
(4)Summaryfinancialinformationofinsignificantjointventureorassociatedenterprise
InRMB
Amountofcurrentperiod | Amountofpreviousperiod | |
Jointventure: | ||
Thetotalnumberofthefollowing | 8,736,640 | 9,350,000 |
Shareofnetassetscalculatedbystake | ||
----NetProfit | -613,359.54 | |
--Totalcomprehensiveincome | -613,359.54 | |
Associatedenterprise: | ||
Totalinvestmentbookvalue | 846,084,130.54 | 1,070,661,046 |
Thetotalnumberofthefollowing | ||
--NetProfit | 25,804,751.54 | 20,498,038 |
-Totalcomprehensiveincome | 25,804,751.54 | 20,498,038 |
(5)NotetothesignificantrestrictionsoftheabilityofjointventureorassociatedenterprisetransferfundstotheCompanyNotapplicable
(6)TheexcesslossofjointventureorassociatedenterpriseNotapplicable
(7)TheunrecognizedcommitmentrelatedtojointventureinvestmentNotapplicable
(8)ContingentliabilitiesrelatedtojointventureorassociatedenterpriseinvestmentNotapplicable
4.SignificantcommonoperationNotapplicable
5.EquityofstructureentitynotincludinginthescopeofconsolidatedfinancialstatementsNotapplicable
6.OtherX.TheriskrelatedfinancialinstrumentsXI.Thedisclosureofthefairvalue
1.Closingfairvalueofassetsandliabilitiescalculatedbyfairvalue
InRMB
Items | Closingfairvalue | |||
Fairvaluemeasurementitemsatlevel1 | Fairvaluemeasurementitemsatlevel2 | Fairvaluemeasurementitemsatlevel3 | Total | |
I.Consistentfairvaluemeasurement | -- | -- | -- | -- |
(3)Otherequityinstrumentinvestment | 422,638,380 | 2,686,300,000 | 3,108,938,380 | |
IIInconsistentfairvaluemeasurement | -- | -- | -- | -- |
2.Recognizedbasisforthemarketpricesustainingandnon-persistentmeasuredbyfairvalueonfirst-orderForfinancialinstrumentsthatarenottradedinactivemarkets,theGroupadoptsvaluationtechniquestodeterminetheirfairvalue.
3.Valuationtechniqueandqualitativeandquantitativeinformationonmajorparametersforthefairvaluemeasuresustainingandnon-persistentonsecond-order
4.Valuationtechniqueandqualitativeandquantitativeinformationonmajorparametersforthefairvaluemeasuresustainingandnon-persistentonthird-orderForfinancialinstrumentsthatarenottradedinactivemarkets,theGroupadoptsvaluationtechniquestodeterminetheirfairvalue.Thevaluationmodelsusedaremainlycashflowdiscountmodelandmarketcomparablecompanymodel.Theinputvaluesofvaluationtechniquesmainlyincluderisk-freeinterestrate,benchmarkinterestrate,exchangerate,creditspread,liquiditypremium,dividendmodel,EBITDAmultiplier,illiquiditydiscountandsoon.
5.Continuousthird-levelfairvaluemeasurementproject,adjustmentinformationbetweentheopeningandclosingbookvalueandsensitivityanalysisofunobservableparameters
6.ThereasonsfortheconversionsandthepoliciesfordeterminingthetimingoftheconversionsforcontinuousfairvaluemeasurementitemswhereconversionsbetweenvariouslevelsoccurredduringthecurrentperiodTheGrouptakestheoccurrencedateoftheeventthatleadstothetransitionbetweendifferentlevelsasthetimetoconfirmthetransitionbetweendifferentlevels.Thisyear,thereisnotransitionamongthefirstlevel,thesecondlevelandthethirdlevel.
7.Changesinvaluationtechnologyduringthecurrentperiodandthereasonsforthechanges
8.Sensitivenessanalysisonunobservableparametersandadjustmentinformationbetweenopeningandclosingbookvalueofconsistentfairvaluemeasurementitemsatlevel3TheGroup'sfinancialassetsandliabilitiesmeasuredinamortizedcostmainlyinclude:accountsreceivable,otherreceivables,long-termreceivables,short-termloans,fundpayable,long-termloans,bondspayableandlong-termpayables.ThereisnosignificantdifferencebetweenthebookvalueandfairvalueoftheGroup'sfinancialassetsandfinancialliabilitiesthatarenotmeasuredatfairvalue.
9.OtherXII.Relatedpartiesandrelated-partytransactions
1.Parentcompanyinformationoftheenterprise
Parentcompanyname | Registrationplace | Nature | Registeredcapital | Shareratioofparentcompanyagainstthe | Voterightratioofparentcompanyagainstthe |
company(%) | company(%) | ||||
GuangdongEnergyGroup | Guangzhou | Operationandmanagementofpowergenerationenterprises,capitalmanagementofelectricityassets,constructionofpowerplantandsalesofelectricity | 23billion | 67.39% | 67.39% |
ExplanationonparentcompanyoftheenterpriseOnAugust8,2001,GuangdongProvincialGovernmenthadtakentheleadintheimplementationofthereformofelectricpowersystem.GuangdongElectricpowerGroupwasestablishedbyinheritingtheelectricitygenerationbusinessofGuangdongelectricPowerGroupCompanyanditsregisteredcapitalisRMB23billion,with76%stakeheldbyGuangdongProvincialPeople'sGovernmentand24%stakeheldbyChinaHuaNengGroup,owningmorethan14,300staffnow,andthecompanyisthestrongestOnFebruary18,2019,Withtheapprovalofthestate-ownedassetssupervisionandadministrationcommissionoftheGuangdongprovincialpeople'sgovernmentandtheapprovaloftheGuangdongprovincialmarketsupervisionadministration,theformerGuangdongEnergygroupCo.,Ltd.wasrenamedasGuangdongEnergyGroupCo.,LtdUltimatecontrolleroftheCompanyisGuangdongProvincialPeople’sGovernmentstateownedassetssupervisionandAdministrationCommission.
2.SubsidiaryoftheEnterpriseSeetoNotesIX.1.
3.CooperativeenterpriseandjointventureSeeNotesIX.3.OthercooperativeenterpriseandjointventurethathaverelatedtransactionwiththeCompanyinthePeriodoroccurredinpreviousperiod:
Name | Relationship |
YudeanFuelCompany | Jointventure |
YudeanShippingComany | Associate |
EnergyGroupFinanceCmpany | Associate |
YudeanInsuranceCaptiveCompany | Associate |
GuangdongEnergyFinancingLeasingCo.,Ltd. | Associate |
YunfuPowerGeneration(Bplant)Co.,Ltd. | Associate |
4.Otherrelatedparty
Otherrelatedparty | RelationshipwiththeEnterprise |
GuangdongEnergyZhuhaiPowerGenerationPlant | ControlledbyEnergyGroup |
GuangdongEnergyShajiaoPowerplant | ControlledbyEnergyGroup |
GuangdongYudeanPropertyManagementCo.,Ltd. | ControlledbyEnergyGroup |
YudeanInfornationTechnology | ControlledbyEnergyGroup |
YudeanRealestateInvestmentCo.,Ltd. | ControlledbyEnergyGroup |
YudeanEnvironmentalprotectionCo.,Ltd. | ControlledbyEnergyGroup |
YudeanZhongshanThermalpowerplant | ControlledbyEnergyGroup |
YangjiangPortCo.,Ltd. | ControlledbyEnergyGroup |
GuangzhouDevelopmentZoneYudeanNewEnergyCo.,Ltd. | ControlledbyEnergyGroup |
YudeanHuizhouNewEnergyCo.,Ltd. | ControlledbyEnergyGroup |
ShaoguanQujiangYudeanNewEnergyCo.,Ltd. | ControlledbyEnergyGroup |
GuangdongEnergyGroupNaturalgasCo.,Ltd. | ControlledbyEnergyGroup |
ControlledbyEnergyGroup | |
DongguanMingyuanHotelCo.,Ltd. | ControlledbyEnergyGroup |
GuangdongShaoguanPortCo.,Ltd. | ControlledbyEnergyGroup |
InnerMongoliaYudeanMenghuaNewEnergyCo.,Ltd. | ControlledbyEnergyGroup |
5.Relatedtransactions.
(1)RelatedtransactionsonpurchasinggoodsandreceivingservicesAcquisitionofgoodsandreceptionoflaborservice
InRMB
Relatedparty | Content | Currentamount | Approvaltradinglimit | Whetheroverthetradinglimit(Y/N) | Lastamount |
FuelCompany | Fuelpurchase | 12,665,241,377 | No | 11,474,680,573 | |
EnergyGroupNaturalgas | Fuelpurchase | 2,160,279,170 | No | 2,306,754,224 | |
YudeanEnvironmentProtection | Materialpurchase | 116,123,991 | No | 110,877,667 | |
ZhuhaiSpecialEconomicZoneGuangzhuPowerGenerationCo.,Ltd. | Electricpurchase | 89,988,153 | No | 59,973,500 | |
GuangdongZhuhaiJinwanPowerGenerationCo.,Ltd. | Electricpurchase | 52,914,799 | No | 56,010,529 | |
GuangdongYuelongPowerGenerationCo.,Ltd. | Electricpurchase | 16,297,566 | No | 14,351,040 | |
ZhongshanThermalpowerplant | Electricpurchase | 5,024,466 | No | 44,818,875 | |
YudeanInsuranceCaptiveCompany | Acceptanceofinsuranceservices | 40,039,372 | No | 24,347,588 | |
YudeanShipping | Acceptanceoftugboatservices | 12,430,189 | No | 12,113,208 | |
YudeanPropertyManagement | Managementservices | 12,058,164 | No | 14,400,407 | |
YangjiangPort | Acceptanceoftugboatservices | 3,774,201 | No | 12,695,230 | |
YudeanInformation | Acceptanceofmanagementservices | 2,648,984 | No | 2,861,901 | |
GuangdongEnergyGroupScienceandTechnologyResearchInstituteCo.,Ltd | AcceptanceofR&DServices | 339,623 | No | 59,973,500 |
Salesofgoodsandservices
InRMB
Relatedparties | Content | Occurredcurrentterm | Occurredinpreviousterm |
YudeanEnvironmentProtection | SaleofMaterial | 104,738,860 | 160,373,232 |
ShajiaoCplant | Providingmaintenance | 23,637,465 | 22,011,907 |
services | |||
ZhongshanThermalpowerplant | Providingmaintenanceservices | 6,953,621 | 5,303,421 |
GuangdongEnergyZhuhaiPowerGenerationCo.,Ltd. | Providingmaintenanceservices | 2,284,679 | 1,758,858 |
ShaoguanQujiangYudeanNewEnergyCo.,Ltd. | Providingmaintenanceservices | 1,514,255 | 1,531,789 |
GuangzhouDevelopmentZoneYudeanNewEnergyCo.,Ltd. | Providingmaintenanceservices | 97,262 | 753,322 |
GuangdongYudeanHuizhouNewEnergyCo.,Ltd. | Providingmaintenanceservices | 34,821 | 138,813 |
GuangdongEnergyGroup | Providingemergencyrescueservices | 0 | 4,716,981 |
(2)RelatedtrusteeshiporcontractingRelatedtrusteeshiporcontractinginwhichtheCompanyistheundertake
InRMB
Nameoftheemployer | Nameoftheundertaker | Assetsituationoftheundertaker | Startdate | Terminatingdate | Pricingbasis | Gainsfromthedealinreportperiod |
GuangdongEnergyGroupCo.,Ltd. | GuangdongElectricPowerDevelopmentCo.,Ltd. | Shareholders'rightsexceptownership,incomerightanddispositionright | January1,2018 | Thecustodyfeechargedtoeachfirst-classtargetcompanydirectlycontrolledbyGuangdongEnergyGroupis100,000yuan/year,andthecustodyfeechargedtoeachsecond-classtargetcompanyindirectlycontrolledbyGuangdongYudeanGroupis50,000yuan/year.Ifthecustodyperiodislessthanonecompletefiscalyear,thecalculationformulaofthecustodyfeeofeachtargetcompanyiscalculatedaccordingtothecustodydays.Duringthecurrentperiod,thereare16first-levelsubjectcompaniesthathavebeenincustodyforhalfayear,4second-levelsubjectcompaniesthathavebeenincustodyforhalfayear,Theannualcustodyfeeofthefirst-levelsubjectcompaniesis1.6millionyuan,800,000yuan,thesecond-levelsubjectcompaniesis200,000yuan,and100,000yuan,totaling900,000yuan. | 900,000 |
NoteAccordingtotheinstructionsofGuangdongEnergyGrouponundertakingtoperformrelatedmatters,inordertoavoidhorizontalcompetitionandfulfillthecommitmentsofrelatedhorizontalcompetition,theCompanyandGuangdongEnergyGrouphavesignedtheEquityTrustAgreement,whichentruststherightsofshareholdersoftheCompanywithinthetrustscopeofGuangdongEnergyGrouptotheCompanyexceptfortherightsofownership,incomeanddisposition.ChargeRMB100,000/yearcustodyfeesforeachGuangdongEnergyGroup'sdirectholdingprimarytargetcompany;chargeeachindirectlycontrollingsecondarytargetcompany50,000/yearcustodyfee.Fordetails,pleaserefertothe"AnnouncementonRelatedPartyTransactionoftheSigningofthe
“EquityCustodyAgreement”byGuangdongElectricPowerDevelopmentCo.,LtdwithGuangdongYudeanGroupCo.,Ltd"(AnnouncementNo.:2018-04)disclosedinChinaSecuritiesJournal,SecuritiesTimes,andCninfo.comonJanuary13,2018.Listsofentrust/contractedNotapplicable
(3)InformationofrelatedleaseThecompanyaslessor:
InRMB
Nameoflessee | Categoryofleasedassets | Theleaseincomeconfirmedinthisyear | Theleaseincomeconfirmedinlastyear |
DongguanMingyuanHotalCo.,Ltd. | PropertyLeas | 1,935,106 | 1,904,760 |
PropertyCompany | PropertyLeas | 326,832 | 2,633,503 |
ShaoguanPort | PropertyLeas | 0 | 330,400 |
QujiangNewEnergy | PropertyLeas | 0 | 701 |
-Thecompanywaslessee:
InRMB
Lessor | Categoryofleasedassets | Rentalchargesforshort-termandlow-valueassets(ifany) | Variableleasepaymentsnotincludedinleaseliabilitiesmeasurement(ifany) | Rentpaid | Interestexpensesonleaseliabilitiesassumed | Increaseduserightassets | |||||
Amountofcurrentperiod | Amountofpreviousperiod | Amountofcurrentperiod | Amountofpreviousperiod | Amountofcurrentperiod | Amountofpreviousperiod | Amountofcurrentperiod | Amountofpreviousperiod | Amountofcurrentperiod | Amountofpreviousperiod | ||
YudeanFinancelease | Financingleasing | 0 | 0 | 0 | 0 | 117,062,870 | 42,494,333 | 108,205,269 | 65,813,168 | 45,680,915 | 246,482,205 |
YudeanRealEstate | Leasingservice | 0 | 0 | 0 | 0 | 6,859,267 | 5,227,255 | 277,385 | 217,275 | 29,940 | 13,021,699 |
(4)StatusofrelatedpartyguaranteeAsaguarantorforthecompany
InRMB
Guarantor | Guaranteeamount | Startdate | Enddate | Executionaccomplished |
GuangdongEnergyGroup | 1,672,845,423 | December3,2019 | September15,2043 | No |
AsasecuredpartyforthecompanyNotapplicable
(5)Inter-banklendingofcapitalofrelatedparties:
InRMB
Relatedparty | Amountborrowedandloaned | Initialdate | Duedate | Notes |
Borrowed | ||||
GuangdongEnergyGroupFinanceCo.,Ltd. | 100,000,000 | March28,2022 | March27,2023 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 50,000,000 | June10,2022 | June9,2023 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 121,846,154.08 | September2,2015 | May26,2030 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 121,846,153.80 | December17,2015 | May26,2030 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 8,529,230.72 | January25,2017 | May26,2030 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 6,188,102.08 | October27,2017 | May26,2030 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 27,227,240.48 | December11,2017 | May26,2030 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 12,060,961.92 | January31,2018 | May26,2030 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 4,608,409.44 | April28,2018 | May26,2030 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 15,169,281.28 | July4,2018 | May26,2030 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 3,460,692 | August1,2018 | May26,2030 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 5,551,691.36 | November22,2018 | May26,2030 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 4,118,124.42 | January24,2019 | May26,2030 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 4,910,157.54 | April12,2019 | May26,2030 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 7,630,428 | January17,2020 | May26,2030 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 5,994,747.20 | March25,2020 | May26,2030 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 12,816,109.20 | April8,2020 | May26,2030 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 17,281,721.36 | April30,2020 | May26,2030 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 50,000,000 | July29,2021 | July20,2022 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 50,000,000 | August30,2021 | August29,2022 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 30,000,000 | October29,2021 | October28,2022 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 50,000,000 | February25,2022 | February24,2023 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 50,000,000 | March18,2022 | March17,2023 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 50,000,000 | March29,2022 | March28,2023 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 50,000,000 | April14,2022 | April13,2023 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 100,000,000 | April27,2022 | April26,2023 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 50,000,000 | May27,2022 | May26,2023 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 50,000,000 | June8,2022 | June7,2023 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 40,000,000 | October16,2014 | October13,2029 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 50,000,000 | March15,2022 | March14,2023 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 200,000,000 | April27,2022 | April26,2023 | |
GuangdongEnergyGroup | 200,000,000 | May30,2022 | May29,2023 |
FinanceCo.,Ltd. | |||
GuangdongEnergyGroupFinanceCo.,Ltd. | 80,000,000 | June17,2022 | June16,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 215,000,000 | June5,2011 | December5,2024 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 100,000,000 | September29,2021 | September23,2022 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 100,000,000 | July29,2021 | July28,2022 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 21,210,000 | January15,2021 | December24,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 55,000,000 | January19,2022 | December24,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 100,000,000 | February4,2015 | October27,2029 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 45,000,000 | June17,2015 | October27,2029 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 25,000,000 | July23,2015 | October27,2029 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 24,000,000 | September15,2015 | October27,2029 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 30,000,000 | September28,2015 | October27,2029 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 19,000,000 | October13,2015 | October27,2029 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 144,500,000 | December16,2015 | October27,2029 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 12,000,000 | June20,2018 | October27,2029 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 17,000,000 | September20,2018 | October27,2029 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 46,360,000 | December10,2014 | October27,2029 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 1,790,000 | December10,2014 | October27,2029 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 1,790,000 | December10,2014 | October27,2029 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 120,000,000 | February9,2022 | February8,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 130,000,000 | February14,2022 | February13,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 100,000,000 | February11,2022 | February10,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 30,000,000 | April19,2022 | October19,2022 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 30,000,000 | April19,2022 | October19,2022 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 30,000,000 | April19,2022 | October19,2022 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 30,000,000 | April19,2022 | October19,2022 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 30,000,000 | April19,2022 | October19,2022 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 10,000,000 | July2,2021 | July1,2022 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 10,000,000 | July28,2021 | July27,2022 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 10,000,000 | August4,2021 | August3,2022 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 10,000,000 | August12,2021 | August11,2022 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 10,000,000 | August20,2021 | August19,2022 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 10,000,000 | September2,2021 | September1,2022 |
GuangdongEnergyGroup | 10,000,000 | September8,2021 | September7,2022 |
FinanceCo.,Ltd. | |||
GuangdongEnergyGroupFinanceCo.,Ltd. | 10,000,000 | September14,2021 | September13,2022 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 5,000,000 | September15,2021 | September14,2022 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 10,000,000 | September17,2021 | September16,2022 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 10,000,000 | December17,2021 | December16,2022 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 5,000,000 | December22,2021 | December21,2022 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 10,000,000 | May20,2022 | May19,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 10,000,000 | May27,2022 | May26,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 10,000,000 | June7,2022 | June6,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 10,000,000 | June17,2022 | June16,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 10,000,000 | June28,2022 | June27,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 11,503,169.20 | February24,2022 | November11,2041 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 28,604,889.75 | April20,2022 | November11,2041 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 10,200,000 | June23,2022 | November11,2041 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 200,000,000 | March8,2022 | March7,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 190,000,000 | March10,2022 | March9,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 100,000,000 | April12,2022 | April11,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 80,000,000 | April14,2022 | April13,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 20,000,000 | April20,2022 | April19,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 40,000,000 | April29,2022 | April28,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 40,000,000 | May12,2022 | May11,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 50,000,000 | May24,2022 | May23,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 30,000,000 | June1,2022 | May31,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 60,000,000 | June14,2022 | June13,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 50,000,000 | June22,2022 | June23,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 20,000,000 | June22,2022 | June23,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 65,000,000 | May11,2022 | May10,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 45,000,000 | May17,2022 | May16,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 96,000,000 | June10,2022 | June9,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 70,000,000 | June27,2022 | June26,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 11,100,000 | May10,2018 | June22,2032 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 13,600,000 | May29,2018 | June22,2032 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 17,300,000 | June13,2018 | June22,2032 |
GuangdongEnergyGroup | 69,600,000 | May20,2018 | June22,2032 |
FinanceCo.,Ltd. | |||
GuangdongEnergyGroupFinanceCo.,Ltd. | 3,600,000 | July25,2018 | June22,2032 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 7,140,000 | September13,2018 | June22,2032 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 5,360,000 | October10,2018 | June22,2032 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 2,680,000 | October23,2018 | June22,2032 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 4,110,000 | October29,2018 | June22,2032 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 12,500,000 | November20,2018 | June22,2032 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 2,550,000 | November11,2021 | November10,2022 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 13,221,100.30 | November18,2021 | November10,2022 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 180,785,689.48 | November25,2021 | November10,2022 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 112,087,730.40 | December9,2021 | November10,2022 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 32,992,208.44 | December27,2021 | November10,2022 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 57,741,800.04 | February16,2022 | November10,2022 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 26,310,486.97 | March7,2022 | March7,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 80,000,000 | April25,2022 | March16,2042 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 10,000,000 | June28,2022 | March16,2042 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 23,000,000 | June30,2022 | March16,2042 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 200,000,000 | October26,2022 | October25,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 50,500,000 | June27,2022 | June27,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 100,000,000 | July29,2021 | July28,2022 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 40,000,000 | March31,2022 | March30,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 50,000,000 | March23,2022 | March22,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 30,000,000 | June21,2022 | June20,2023 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 100,000,000 | July29,2021 | July28,2022 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 21,175,000 | May17,2016 | May16,2031 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 49,273,911 | March7,2017 | May16,2031 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 9,075,000 | May19,2017 | May16,2031 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 32,655,000 | June14,2017 | May16,2031 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 30,000,000 | June21,2017 | May16,2031 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 16,456,000 | August10,2017 | May16,2031 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 223,496 | January10,2018 | May16,2031 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 16,553,381 | May11,2018 | May16,2031 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 50,000,000 | September1,2021 | August30,2022 |
GuangdongEnergyGroup | 30,000,000 | March23,2022 | March22,2023 |
FinanceCo.,Ltd. | |||
GuangdongEnergyGroupFinanceCo.,Ltd. | 10,000,000 | November4,2020 | November2,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 9,000,000 | November19,2020 | November2,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 3,000,000 | January22,2021 | November2,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 26,000,000 | July26,2021 | November2,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 10,000,000 | October20,2021 | November2,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 10,000,000 | December10,2021 | November2,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 15,000,000 | December27,2021 | November2,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 15,000,000 | January19,2022 | November2,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 10,000,000 | May30,2022 | November2,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 632,991.90 | June26,2019 | June25,2039 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 570,000 | July15,2019 | June25,2039 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 297,042.21 | August26,2019 | June25,2039 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 1,297,700 | September12,2019 | June25,2039 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 180,000 | September29,2019 | June25,2039 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 210,000 | October29,2019 | June25,2039 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 3,000,000 | November21,2019 | June25,2039 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 2,000,000 | December5,2019 | June25,2039 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 1,100,000 | December18,2019 | June25,2039 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 1,800,000 | January14,2020 | June25,2039 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 1,500,000 | February25,2020 | June25,2039 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 47,400,000 | April16,2020 | June25,2039 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 54,000,000 | April29,2020 | June25,2039 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 8,500,000 | May18,2020 | June25,2039 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 6,700,000 | June17,2020 | June25,2039 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 11,200,000 | July9,2020 | June25,2039 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 19,500,000 | August10,2020 | June25,2039 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 7,700,000 | August20,2020 | June25,2039 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 36,000,000 | September10,2020 | June25,2039 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 5,700,000 | September15,2020 | June25,2039 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 11,600,000 | October15,2020 | June25,2039 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 7,100,000 | November19,2020 | June25,2039 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 5,000,000 | March16,2021 | June25,2039 |
GuangdongEnergyGroup | 10,000,000 | April6,2021 | June25,2039 |
FinanceCo.,Ltd. | |||
GuangdongEnergyGroupFinanceCo.,Ltd. | 8,121,853.80 | April22,2021 | June25,2039 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 5,000,000 | May20,2021 | June25,2039 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 20,000,000 | August12,2021 | June25,2039 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 13,700,000 | May21,2020 | June25,2039 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 3,000,000 | June12,2020 | May18,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 1,500,000 | June30,2020 | May18,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 8,000,000 | July28,2020 | May18,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 12,000,000 | September21,2020 | May18,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 8,000,000 | November23,2020 | May18,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 8,500,000 | February3,2021 | May18,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 5,000,000 | May13,2021 | May18,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 10,000,000 | November11,2021 | May18,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 10,000,000 | December16,2021 | May18,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 17,000,000 | December23,2021 | May18,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 10,000,000 | January4,2022 | May18,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 3,300,000 | January17,2022 | May18,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 15,000,000 | May19,2022 | May18,2035 |
GuangdongEnergyFinancingLeasingCo.,Ltd. | 47,731,250 | July20,2020 | July20,2035 |
GuangdongEnergyFinancingLeasingCo.,Ltd. | 2,863,875 | March31,2021 | July20,2035 |
GuangdongEnergyFinancingLeasingCo.,Ltd. | 9,319,375 | May13,2021 | July20,2035 |
GuangdongEnergyFinancingLeasingCo.,Ltd. | 5,000,000 | May20,2021 | July20,2035 |
GuangdongEnergyFinancingLeasingCo.,Ltd. | 11,455,500 | June24,2021 | July20,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 2,800,000 | May28,2020 | May25,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 2,200,000 | June22,2020 | May25,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 4,550,000 | June28,2020 | May25,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 6,000,000 | July22,2020 | May25,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 2,700,000 | August14,2020 | May25,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 6,800,000 | September14,2020 | May25,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 12,000,000 | October23,2020 | May25,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 31,000,000 | November12,2021 | May25,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 5,000,000 | January25,2022 | May25,2035 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 36,000,000 | June10,2022 | May25,2035 |
GuangdongEnergyGroup | 51,000,000 | July23,2018 | July22,2033 |
FinanceCo.,Ltd. | |||
GuangdongEnergyGroupFinanceCo.,Ltd. | 30,000,000 | March30,2021 | March30,2036 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 18,597,140 | December17,2021 | March28,2036 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 3,000,000 | December27,2019 | December26,2034 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 20,000,000 | June24,2020 | December26,2034 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 20,000,000 | October9,2020 | December26,2034 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 13,000,000 | November17,2020 | December26,2034 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 24,000,000 | December11,2020 | December26,2034 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 4,500,000 | February5,2021 | December26,2034 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 3,528,114.28 | June24,2022 | December26,2034 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 30,000,000 | December28,2018 | December27,2036 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 30,000,000 | January16,2019 | December27,2036 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 38,000,000 | May31,2019 | December27,2036 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 23,000,000 | June21,2019 | December27,2036 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 26,000,000 | July29,2019 | December27,2036 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 21,000,000 | September29,2019 | December27,2036 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 18,000,000 | October30,2019 | December27,2036 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 18,000,000 | November27,2019 | December27,2036 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 9,000,000 | \December25,2019 | December27,2036 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 10,000,000 | February21,2020 | December27,2036 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 24,000,000 | November26,2020 | December27,2036 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 69,030,000 | May29,2020 | May28,2040 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 46,020,000 | June16,2020 | May28,2040 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 28,000,000 | November4,2020 | May28,2040 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 60,000,000 | January4,2021 | May28,2040 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 19,000,000 | March26,2021 | May28,2040 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 20,000,000 | July16,2021 | May28,2040 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 25,000,000 | January4,2021 | December29,2040 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 8,500,000 | February26,2021 | December29,2040 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 16,000,000 | April22,2021 | December29,2040 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 7,890,000 | July16,2021 | December29,2040 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 43,000,000 | December3,2021 | December29,2040 |
GuangdongEnergyGroupFinanceCo.,Ltd. | 350,000,000 | August30,2021 | April25,2024 |
GuangdongEnergyGroup | 32,158,951.93 | February26,2020 | January2,2040 |
FinanceCo.,Ltd. | ||||
GuangdongEnergyGroupFinanceCo.,Ltd. | 20,000,000 | April9,2020 | January2,2040 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 43,481,594.40 | May14,2020 | January2,2040 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 43,850,008.20 | May27,2020 | January2,2040 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 15,400,000 | June17,2020 | January2,2040 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 48,350,000 | July16,2020 | January2,2040 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 83,613,861.21 | August20,2020 | January2,2040 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 21,281,009.76 | August27,2020 | January2,2040 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 12,188,757.10 | September16,2020 | January2,2040 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 30,000,000 | October16,2020 | January2,2040 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 16,530,202.23 | November19,2020 | January2,2040 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 6,290,000 | December10,2020 | January2,2040 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 11,000,000 | January21,2021 | January2,2040 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 13,084,525.72 | March11,2021 | January2,2040 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 86,135,247.60 | April14,2021 | January2,2040 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 31,500,000 | May18,2021 | January2,2040 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 60,000,000 | December16,2021 | January2,2040 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 3,000,000 | March3,2016 | February10,2033 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 1,000,000 | March3,2016 | February10,2033 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 3,288,300 | December16,2015 | February10,2033 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 46,351,200 | January27,2022 | January26,2025 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 121,731,878.66 | June30,2022 | January26,2025 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 5,000,000 | March5,2022 | March3,2024 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 5,000,000 | June6,2022 | June5,2023 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 14,000,000 | June27,2022 | June26,2023 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 300,000,000 | December6,2021 | December5,2022 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 200,000,000 | December6,2021 | December5,2022 | |
GuangdongEnergyGroupFinanceCo.,Ltd. | 200,000,000 | May24,2022 | May23,2023 | |
Loaned |
(6)RelatedpartyassettransferanddebtrestructuringNotapplicable
(7)Rewardsforthekeymanagementpersonnel
InRMB
Items | Amountofcurrentperiod | Amountofpreviousperiod |
Annualsalaryoftheoperator | 3,623,100 | 3,199,040 |
(8)Otherrelatedtransactions(a)AllocationofcommonexpensesInthefirsthalfof2022,thecommonexpensesreceivedbytheGroupfromShajiaoCwasRMB2,476,840(Inthefirsthalfof2021,thecommonexpensesreceivedbytheGroupfromShajiaoCwasRMB2,453,346)(b)Interestincome
Items | Amountofcurrentperiod | Amountofpreviousperiod |
DepositinterestofEnergyGroupFinance | 55,824,047.09 | 67,166,135 |
Proportion% | 85.18% | 95.54% |
(c)Interestexpense
Items | Amountofcurrentperiod | Amountofpreviousperiod |
InterestofborrowingofGuangdongEnergyFinanceCompany | 151,009,743 | 145,356,412 |
DiscountinterestofGuangdongEnergyFinanceCompany | 7,765,365 | 8,175,698 |
Proportion | 13.92% | 22.14% |
(d)Interestpayable
Items | Amountofcurrentperiod | Amountofpreviousperiod |
YudeanFinanceLeaseinterest | 108,205,269 | 74,190,579 |
(e)JointInvestment
Name | EnergyGroup |
MaomingThermalpowerplant | 30.12% |
BoheCompany | 33% |
ShaCCompany | 49% |
GuangheElectricPower | 49% |
BiomassPowerGeneration | 49% |
XinhuiPowerGeneration | 44.10% |
HuaqingPowerGeneration | 31.85% |
EnergyGroupFinanceCompany | 60% |
IndustryFuel | 50% |
ShanxiEnergyCompany | 60% |
CapitalCompany | 51% |
EnergyFinancingLeasing | 50% |
YudeanShipping | 45% |
YueqianElectricpower | 17.48% |
6.Payablesandreceivablesoftherelatedparty
(1)Receivables
InRMB
Project | Relatedparties | Atendofterm | Atbeginningofterm | ||
Bookbalance | Baddebtprovision | Bookbalance | Baddebtprovision | ||
Monetaryfunds-Deposit | EnergyGroupFinanceCompany | 9,056,865,954 | 6,468,820,757 | ||
Monetaryfunds-Interestreceivable | EnergyGroupFinanceCompany | 38,196,299 | 39,533,620 | ||
Monetaryfunds-OtherMonetaryfunds | EnergyGroupFinanceCompany | 12,000,000 | 6,000,000 | ||
Accountreceivable | ShajiaoCPlant | 8,458,800 | 8,500,800 | ||
ZhuhaiPowerGeneration | 2,669,171 | 6,820,689 | |||
YudeanNewEnergy | 103,098 | 5,272,364 | |||
Other | 11,462,488 | 11,643,227 | |||
Contractassets | ShajiaoCplant | 0 | 3,132,201 | ||
Other | 14,816 | 56,083 | |||
Otheraccountreceivable | FuelCompany | 96,734,943 | 1,602,258,185 | ||
FinancingLeasing | 141,953,119 | 129,864,979 | |||
YudeanEnvironmentalprotection | 52,822,596 | 76,772,719 | |||
Other | 7,331,023 | 8,113,032 | |||
Advancepayment | IndustryFuel | 816,149,016 | 481,701,342 | ||
Other | 127,157,339 | 3,707,618 | |||
Othernon-currentassets | TechnologyCompany | 250,000 | 250,000 |
(2)Payables
InRMB
Name | Relatedparty | Amountatyearend | Amountatyearbeginning |
Notepayable | FinanceCompany | 480,000,000 | 866,000,000 |
NaturalGas | 121,000,000 | ||
Accountpayable | FuelCompany | 2,620,505,425 | 4,251,347,098 |
Group | 871,552,735 | 2,501,436,910 | |
EnergyGroupnaturalgas | 224,798,049 | 390,755,352 | |
YudeanEnvironmentalProtection | 44,582,143 | 35,115,820 | |
YudeanEnvironmentalProtectionMaterial | 22,896,036 | 24,316,381 | |
Other | 2,394,404 | 3,511,517 | |
Contractliabilities | Group | 2,606,132 | 2,606,132 |
Otherpayable | Group | 2,314,499,700 | 2,501,436,910 |
FinancingLeasing | 149,891,611 | 42,722,792 | |
MenghuaNewEnergy | 11,417,296 | 5,276,682 | |
Other | 4,441,367 | 6,780,239 | |
Leaseliabilities | FinancingLeasing | 4,757,785,995 | 3,801,408,039 |
YudeanProperty | 12,216,717 | 16,521,739 | |
Short-termloans | FinanceCompany | 5,749,415,370 | 4,980,279,137 |
-principal | 5,746,189,016 | 4,977,136,729 | |
-Interest | 3,226,354 | 3,142,408 | |
Non-currentliabilityduein1year | EnergyGroupFinanceCompany | 106,213,090 | 198,523,901 |
-principal | 93,294,578 | 191,911,238 | |
-Interest | 12,918,512 | 6,612,663 | |
Group | 6,315,417 | 82,368,958 | |
-principal | 0 | 82,000,000 | |
-Interest | 143,750 | 368,958 | |
EnergyFinancingLeasing | 15,903,054 | 33,630,163 | |
Long-termloans | FinanceCompany-Principal | 4,184,481,303 | 4,175,122,351 |
Group-Principal | 500,000,000 | 268,000,000 |
7.Relatedpartycommitment
8.OtherXIII.Stockpayment
1.TheStockpaymentoverallsituation
□Applicable√Notapplicable
2.TheStockpaymentsettledbyequity
□Applicable√Notapplicable
3.TheStockpaymentsettledbycash
□Applicable√Notapplicable
4.Modificationandterminationofthestockpayment
5.OtherXIV.Commitments
1.ImportancecommitmenteventsImportantcommitmentsofexistenceofbalancesheetdate
(1)CommitmentsofcapitalexpenditureThefollowingarethecapitalexpenditurecommitmentssignedbytheGrouponthebalancesheetdate,whichdonotneedtobelistedonthebalancesheet:
June30,2022 | December31,2021 | |
House,BuildingandGenerationequipment | 22,596,050,631 | 23,518,696,981 |
Intangibleassets | 107,816,147 | |
Total | 22,703,866,778 | 23,518,696,981 |
(2)Performanceofpreviouscommitments(a)TheNinthSessionoftheBoardapprovedtheProposalontheInvestmentinandConstructionofDongguanNingzhouSiteAlternativePowerProjectduringits3rdcommunicationmeetingon10April2020.TheBoardgavepermissiontoBinhaiBayCompany(themainpartofinvestment)forinvestmentinandconstructionofDongguanNingzhouSiteAlternativePowerProject,andtheinstallationcapacityoftheprojectwasgas-steamcoolingthermalandpowercogenerationunitof3×700MW.ThedynamicinvestmentfortheprojectamountedtoRMB5,927,600,000,includingacapitalfundofRMB1,185,520,000.Asat30June2022,theCompanyhadmadeacapitalcontributionofRMB620,000,000toBinhaiBayCompany,includingacontributionof9,000,000madeinthecurrentyear.(b)TheNinthSessionoftheBoardapprovedtheProposalonInvestmentinandConstructionofZhuhaiJinwanOffshoreWindPowerProjectduringits7thmeetingon25January2019.ForthepurposeofscalinguptheCompany’soffshorewindpowerinGuangdongProvinceandthesoutheastcoast,theBoardapprovedtheCompany’sinvestmentinZhuhaiJinwanOffshoreWindPowerProjectwithatotaldynamicinvestmentofRMB5,643,170,000,includingacapitalfundofRMB1,128,634,000.OnApril27,2021,Inordertosmoothlypromotetheconstructionofnewenergyprojectsandeasethefinancialpressure,theFirstmeetingoftheninthboardofdirectorsbyCorrespondenceof2021reviewedandapprovedtheProposalonIndirectSubsidiariesIntroducingInvestors,ItisagreedtointroduceZhuhaiSpecialEconomicZonePowerDevelopmentGroupCo.,Ltd.andGuangdongEnergyGroupCo.,Ltd.asinvestorsofGuangdongYudeanZhuhaiOffshoreWindPowerCo.,Ltd.bymeansofcapitalincreaseandshareexpansion,inwhichZhuhaiPowercontributedRMB89.187millionandheld20%equityofZhuhaiWindPowerCompany,whileGuangdongEnergyGroupcontributedRMB25.5003millionandheld5.7184%equityofZhuhaiWindPowerCompany.Afterthecompletionofcapitalincreaseandshareexpansion,theshareholdingratioofGuangdongWindPowerCompanyinZhuhaiWindPowerCompanydecreasedto74.2816%.Asat30June2022,theCompanyhadmadeacapitalcontributionofRMB665,000,000toZhuhaiJinwanOffshoreWindPowerProjectandinthecurrentyeartheCompanydidnotincreasecapital.(c)TheNinthSessionoftheBoardapprovedtheProposalofInvestmentinandConstructionofZhanjiangWailuoOffshoreWindPowerProject(PhaseI)duringits1stcommunicationmeetingon23March2018.TheBoardgavepermissiontoitswholly-ownedsubsidiaryQujieWindPowerfortheconstructionofZhanjiangWailuoOffshoreWindPowerProject(PhaseI).Theinstallationcapacityoftheprojectreachedat198MW,andthetotalinvestmentshitRMB3,739,450,000.ThecapitalfundwasrecordedasRMB747,890,000ataproportionof20%.Asat31June302022,theCompanymadeatotalcapitalcontributionofRMB600,000,000totheprojectandinthecurrentyeartheCompanydidnotincreasecapital.(d)TheNinthSessionoftheBoardapprovedtheProposalofInvestmentinConstructionofZhanjiangWailuoOffshoreWindPowerProject(PhaseII)duringits1stcommunicationmeetingon23March2018andtheProposalofInvestmentinConstructionofZhanjiangWailuoOffshoreWindPowerProject(PhaseII)duringits9thmeetingon29August2019.TheBoardgavepermissiontotheCompany’swholly-ownedsubsidiaryQujieWindPowerfortheinvestmentofWailuoPhaseII,whichwasdeemedasthemainpartofinvestment.ThetotaldynamicinvestmentfortheprojectamountedtoRMB3,789,120,000,includingacapitalfundofRMB757,824,000.Asat30June2022,theCompanyhadmadeacapitalcontributionofRMB478,000,000toTheProjectandinthecurrentyeartheCompanydidnotincreasecapital.(e)TheEighthSessionoftheBoardapprovedtheProposalofEstablishmentofYudeanYangjiangOffshoreWindPowerCo.,Ltd.duringits6thmeetingon27April2015.TheBoardgavepermissiontotheCompany’swholly-ownedsubsidiaryGuangdongWindPowerfortheestablishmentofYangjiangWindPowerinYangjiang,
whichwasdeemedasthemainpartofinvestmentinYangjiangShapaoffshorewindpowerproject.ThetotaldynamicinvestmentwasRMB5,963,270,000,andthecapitalfundwascalculatedasRMB1,192,660,000ataproportionof20%.Itisagreedtoimplementthecapitalincreaseofspecialfundsforpromotingeconomicdevelopmentin2018bymeansofcapitalincreaseandshareexpansionproposedbytheState-ownedAssetsSupervisionandAdministrationCommissionofthePeople'sGovernmentofGuangdongProvince,andintroduceGuangdongEnergyGroupastheshareholderofGuangdongYudeanYangjiangOffshoreWindPowerCo.,Ltd.,withGuangdongEnergyGroupcontributingRMB58.1053millionandholding10.9594%equityofYangjiangWindPowerCompany.Afterthecapitalincreaseandshareexpansion,theshareholdingratioofGuangdongWindPowerCompanyinYangjiangWindPowerCompanydecreasedto89.0406%,andthefinalshareholdingratioofeachshareholdershallbesubjecttotheassetappraisalrecordresults.Asat30June2022,theCompanyhadmadeacapitalcontributionofRMB1,055,000,000toTheProjectandinthecurrentyeartheCompanydidnotincreasecapital.(f)TheNinthSessionoftheBoardapprovedtheProposalonInvestmentinandConstructionofZhanjiangXinliaoOffshoreWindPowerProjectduringits6thcommunicationmeetingon28November2019.TheBoardagreedQujieWindPower’sinvestment(asthemainpartoftheinvestmentintheproject)inconstructionandoperationofZhanjiangXinliaoOffshoreWindPowerProjectwithatotaldynamicinvestmentofRMB3,698,880,000.ThecapitalfundwasrecordedasRMB739,776,000ataproportionof20%.Asat30June2022,theCompanyhadmadeacapitalcontributionofRMB520,000,000toTheProjectandinthecurrentyeartheCompanydidnotincreasecapital.(g)TheNinthSessionoftheBoardapprovedtheProposalonAcceleratingGuangdongYudeanDapuPowerPlantProject(PhraseII)duringits15thmeetingon12October2020.TheBoardgavepermissiontothesubsidiaryDapuElectricforpartofsubstantiveworkoftheproject.Theprojectinvestmentin2020waslimitedtoRMB317,100,000,whichwasprovidedtoDapuElectricbytheCompanythroughcapitalincreasebasedonactualconstructionprogress.Asat30June2022,theCompanyhadmadeacapitalcontributionofRMB10,000,000.(h)TheEighthSessionoftheBoardapprovedtheProposalontheEstablishmentofHunanTongdaoDongAutonomousCountyDagaoshanWindPowerProjectCompanyduringits14thmeetingon25October2016andtheProposalontheConstructionofHunanTongdaoDagaoshanWindPowerPlantProjectduringits3rdcommunicationmeetingon10April2020.TheBoardgavepermissiontotheCompany’ssubsidiaryTongdaoCompanyfortheinvestmentinandconstructionoftheTongdaoDagaoshanwindpowerprojectandtheinstallationcapacityoftheprojectwas50MW.ThetotaldynamicinvestmentwasRMB531,740,000,includingacapitalfundofRMB106,348,000(accountingfor20%ofthetotaldynamicinvestment).Asat30June2022,theCompanyhadmadeacapitalcontributionofRMB100,000,000toTheProjectandinthecurrentyeartheCompanydidnotincreasecapital.(i)TheNinthSessionoftheBoardapprovedtheProposalontheInvestmentinandConstructionofGuangxiWuxuanWindPowerPlantProject(PhraseI)duringits6thcommunicationmeetingon28November2019.ThetotalinvestmentsoftheprojecthitRMB482,580,000(includinginvestmentinself-constructionofoutgoingcircuit),includingacapitalfundofRMB96,516,000.Asat30June2022,theCompanyhadmadeacapitalcontributionofRMB92,000,000toTheProjectandinthecurrentyeartheCompanydidnotincreasecapital.(j)TheNinthSessionoftheBoardapprovedtheProposalonInvestmentinandConstructionofHunanXupuSunMountainWindPowerPlantProjectduringits3rdcommunicationmeetingon10April2020.TheBoardgavepermissiontoGuangdongWindPowerfortheinvestmentinandconstructionoftheproject.Theinstallationcapacityoftheprojectwas50MW,andthetotaldynamicinvestmentwasRMB524,532,900(includinginvestmentinself-constructionofoutgoingcircuit),includingacapitalfundofRMB104,906,580
(accountingfor20%ofthetotaldynamicinvestment).Asat30June2022,theCompanyhadmadeacapitalcontributionofRMB102,000,000toTheProjectandinthecurrentyeartheCompanydidnotincreasecapital.(k)TheNinthSessionoftheBoardapprovedtheProposalontheInvestmentinandConstructionofZhaoqingDinghuNaturalGasThermalPowerCogenerationProjectduringits15thmeetingon12October2020.TheBoardgavepermissiontotheCompany’sholdingsubsidiaryYonganNaturalGas(asthemainpartoftheinvestmentintheproject)fortheinvestmentinandconstructionofZhaoqingDinghunaturalgasthermalpowercogenerationproject.ThecapitalfundoftheprojectwascalculatedasRMB600,000,000at20%oftheproject’stotalinvestments.TheinitialregisteredcapitalofYonganNaturalGaswasRMB100,000,000,andtheCompanycontributedRMB90,000,000basedonitsshareholdingproportionof90%in2016.TheremainingcapitalfundofRMB500,000,000fortheprojectwouldbeprovidedbytheCompanyaccordingtoitsshareholdingproportionof90%inbatchesbasedonactualconstructionprogressandcapitaldemand.Asat30June2022,theCompanyhadmadeacapitalcontributionofRMB180,000,000toTheProjectandinthecurrentyeartheCompanydidnotincreasecapital.(l)TheNinthSessionoftheBoardapprovedtheProposalonInvestmentinandConstructionofGuangdongYudeanNanxiongZhu’anVillageWindPowerPlantProjectduringits17thmeetingon4December2020.TheBoardgavepermissiontotheCompany’swholly-ownedsubsidiaryGuangdongWindPowerfortheinvestmentinGuangdongYudeanNanxiongZhu’anVillagewindpowerplantproject(49,900KW)asashareholder.ThetotaldynamicinvestmentoftheprojectwasRMB451,810,000,includingacapitalfundofRMB90,362,000,andtheremainingcapitalfundwouldbeprovidedthroughbankloanfinancingetc.Asat30June2022,theCompanyhadmadeacapitalcontributionofRMB75,000,000toTheProjectandinthecurrentyeartheCompanydidnotincreasecapital.(m)TheNinthSessionoftheBoardapprovedtheProposalonInvestmentinandConstructionofGuangdongYudeanPingyuanSishuiWindPowerPlantProjectduringits17thmeetingon4December2020.TheBoardgavepermissiontotheCompany’swholly-ownedsubsidiaryGuangdongWindPowerfortheinvestmentinGuangdongYudeanPingyuanSishuiwindpowerplantproject(40,000KW)asashareholder.ThetotaldynamicinvestmentoftheprojectwasRMB339,480,000,includingacapitalfundofRMB67,900,000.Asat30June2022,theCompanyhadmadeacapitalcontributionofRMB40,000,000toTheProjectandinthecurrentyeartheCompanydidnotincreasecapital.(n)The15thMeetingofthe8thBoardofdirectorapprovedtheProposalaboutInvestmentintheConstructionof2×400MWGas-steamThermoelectricityCogenerationProjectofGuangdongYudeanHuaduNaturalGasThermalPowerCo.,Ltd.anditwasagreedthatHuaduThermalPower,aholdingsubsidiary,wouldinvestinthe2×400MWGas-steamCogenerationProjectofGuangdongYudeanHuaduNaturalGasThermalPowerCo.,Ltd.ThetotalinvestmentoftheprojectwasRMB3,593,160,000,andthecapitalwasRMB718,632,000.Accordingtothe65%shareratio,thetotalcapitaltobeinjectedintoHuaduCompanybytheCompanywasRMB467,110,800.OnJune30,2022,theCompanyhasinjectedatotalcapitalofRMB97,500,000intotheprojectandinthecurrentyeartheCompanydidnotincreasecapital.(o)OnFebruary14,2021,TheSecondMeetingoftheNinthboardofDirectorsexaminedandadoptedtheProposalonEstablishingtheHuizhouDayawanPetrochemicalDistrictWesternComprehensiveEnergyStationProjectCompanyandCarryingouttheUpfrontWork,InordertopromotetheimplementationandspeeduptheprogressoftheWesternComprehensiveEnergyStationProjectofHuizhouDayawanPetrochemicalDistrict,theboardofdirectorsagrees:TheCompanyandHuizhouDayawanPetrochemicalIndustrialZoneInvestmentCo.,LtdestablishtheHuizhouDayawanPetrochemicalDistrictWesternComprehensiveEnergyStationProjectCompanyinDayawanDistrictbythesharestructureratioof80%:20%,withtheinitialregisteredcapitalofRMB22million-ofwhichtheCompanycontributesRMB17.6millionaccordingtotheshareratio.The2nd
Meetingofthe9thBoardofdirectorbycorrespondenceexaminedandadoptedtheProposalonCapitalIncreasetoGuangdongYudeanDayawanComprehensiveEnergyCo.,Ltd.,theCompany’sboardofdirectorsagreedthattheCompanyandHuizhouDayawanPetrochemicalIndustrialZoneInvestmentCo.,Ltdshallsimultaneouslyincreasecapitalbyamount160millionyuantoGuangdongYudeanDayawanComprehensiveEnergyCo.,Ltd(hereinafterreferredtoas"DayawanThermalPowerCompany")fortheDayawanThermalPowerCompanytopurchasetheprojectconstructionland,ofwhichtheCompanyshallinvest128millionyuanaccordingtotheequityratioof80%.OnJune30,2022,theCompanyhasinjectedatotalcapitalofRMB145,600,000intotheprojectandinthecurrentyeartheCompanydidnotincreasecapital.(p)OnJanuary28,2021,TheThirdMeetingoftheNinthBoardofDirectorbyCorrespondenceexaminedandadoptedtheProposalontheestablishmentofGuangdongDananhaiIntelligenceEnergyCo.,Ltd.,theboardofdirectorsagreedtotheCompany’ssoleproprietorshiptoestablishaprojectcompanyfortheJieyangDa’nanhaiPetrochemicalIntegratedEnergyProject.withthefirstphaseofregisteredcapitalis15millionyuan.It’sagreedthattheprojectcompanywillcarryouttheupfrontworkofJieyangDa’nanhaipetrochemicalintegratedenergyproject(2~3400MW/9For600MWgas-firedcombinedheatandpowerunits.OnJune30,2022,theCompanyhasinjectedatotalcapitalofRMB40,900,000intoDananhaiCompany.ofwhichRMB25,900,000wasinjectedthisyear.(q)OnJune8,2021,TheThirdMeetingoftheNinthBoardofDirectorbyCorrespondenceexaminedandadoptedtheProposalonCarryingouttheUpfrontWorkofthe"IntegratedSource,NetworkandLoad"ProjectinHuizhouNewMaterialIndustrialPark,TheboardofdirectorsoftheCompanyagreedthatBaihuaEnergyCompanywillfirstbuilda9Fgas-firedunitsupportinga100t/hgasboiler(finallydeterminedaccordingtothefeasibilitystudyoftheproject)tocarryouttheupfrontwork.Theupfrontworkcostoftheprojectshallbecontrolledat12millionyuan,whichshallbesolvedbytheCompany'scapitalincrease.BaihuaEnergyCompanywasregisteredandestablishedonFebruary25,2021.Itisawholly-ownedsubsidiarytotheCompanywitharegisteredcapitalof5millionyuan.OnJune30,2022,theCompanyhasinjectedatotalcapitalofRMB3,000,000intoBaihuaEnergyCompany.(r)TheTenthSessionoftheBoardapprovedtheProposalontheParticipationintheInitiationandEstablishmentofAProvincialFuturesCompanyduringitsmeetingon2August2021.TheBoardgavepermissiontotheCompany’sparticipationintheinitiationandestablishmentofGuangdongUtrustFuturesCo.,Ltd.withself-ownedfundofRMB400millionattheshareholdingproportionof20%andsigningoftheInitiatorAgreementandArticlesofAssociationoftheprovincialfuturescompany.ItalsoagreedtheCompany’sfirstcapitalcontributionofRMB10millionattheshareholdingproportionof20%withonemonthafterthereplyonpreparationoftheprovincialfuturescompanywasissuedbytheChinaSecuritiesRegulatoryCommission,andtheCompany’scontributionoftheremainingcapitalofRMB390millionwithinthetermasrequiredbytheChinaSecuritiesRegulatoryCommission,whichwoulddependonthenoticefromtheprovincialfuturescompany’spreparationteamortheannouncementoftheChinaSecuritiesRegulatoryCommission.(s)OnSeptember7,2021,theCompanyandtheDafangCountyPeople'sGovernmentsignedthe"WindandSolarHybridPowerGenerationProjectInvestmentandDevelopmentAgreement"inGuangzhou,furtherreachinganagreementonthedevelopmentandutilizationofphotovoltaicwindresourcesinDafangCounty.Theplannedphotovoltaicandwindpowerprojecthasaninstalledcapacityof3,123MW,withatotalinvestmentof18.01billionyuan.Thespecificdevelopmentcapacityandinvestmentamountshallbedeterminedaccordingtothefile-recordandapprovaloftherelevantcompetentauthoritiesoftheprojectandtheapprovedcapacity,actualconstructionandoperationsituation.
(t)The"ProposalonInvestmentandConstructionofYudeanYangjiangQingzhouI(400,000kW)OffshoreWindPowerProject"andthe"ProposalonInvestmentandConstructionofYudeanYangjiangQingzhouII(600,000kilowatts)OffshoreWindPowerProjectProposal”werereviewedandapprovedinthetenthboardmeetingoftheCompanyheldonNovember8,2021,agreedthatGuangdongProvincialWindPowerCo.,Ltd-awholly-ownedsubsidiarytotheCompany-willbeashareholderforinvestingintheconstructionofYudeanYangjiangQingzhouIOffshoreWindFarmProjectandYudeanYangjiangQingzhouIIOffshoreWindFarmProject,Thetotalprojectconstructionscaleis1millionkilowatts,thetotaldynamicinvestmentis17,107,250,000yuan,andthecapitalissetat3,421,450,000yuanaccordingto20%ofthedynamictotalinvestment.GuangdongEnergyQingzhouOffshoreWindPowerCo.,Ltd-whichiswholly-ownedbyGuangdongWindPowerCompany-actsasthemaininvestoroftheprojectandisresponsiblefortheinvestment,construction,operationandsoforthworkfortheproject.ThecapitalrequiredfortheprojectwillbeincreasedbytheCompanyinbatchestoGuangdongWindPowerCompanyaccordingtotheactualconstructionprogressandcapitaldemandoftheproject.OnJune30,2022,theCompanyinjectedatotalofRMB310,000,000ofcapitalintotheproject,ofwhichRMB110,000,000wasnewlyinjectedinthisyear.(u)The"ProposalontheAcquisitionofEquityofGuangdongShajiao(PlantC)PowerGenerationCo.,Ltdandothercompanies”wasreviewedandapprovedinthethirdmeetingofthetenthsessionoftheboardofdirectorsoftheCompanyheldonSeptember30,2021,agreedthattheCompanywouldincashacquirethesharesof51%stakeofGuangdongShajiao(PlantC)PowerGenerationCo.,Ltd,the90%stakeofGuangdongYudeanYunhePowerGenerationCo.,Ltd,andthe51%stakeofGuangdongYuehuaPowerGenerationCo.,LtdheldbyGuangdongEnergyGroup.ThetotaltransactionpricewasRMB4,140,549,100,whichshouldbefinallyadjustedanddeterminedbasedontherecordedappraisalpriceandthechangeinthenetassetscorrespondingtotheequityduringthetransitionperiod.Duringthecurrentyear,thetransactionpricewasdeterminedtobeRMB3,743,601,600afteradjustingfortheprofitandlossduringthetransitionperiod.AsofJune30,2022,theremainingunpaidconsiderationwasRMB2,240,000,000.(v)OnJanuary14,2022,GuangdongYuehuaPowerGenerationCo.,Ltd(hereinafterreferredtoas"YuehuaPowerGenerationCompany"),aholdingsubsidiarybytheCompany,receivedthe"ApprovalontheGas-Substitutes-CoalPowerGenerationProjectbyGuangdongYuehuaPowerGenerationCompany(HuangpuPowerPlant")”issuedbytheGuangzhouDevelopmentandReformCommission.Accordingtothedocument,thegas-substitutes-coalpowergenerationprojectofGuangdongYuehuaPowerGenerationCompany(HuangpuPowerPlant)wasapproved.Theprojectmainlybuildsa600-megawatt(H-class)gas-steamcombinedcyclepeakshavingunitanditssupportingequipment.Thetotalinvestmentoftheprojectis1,532,190,000yuan,ofwhichtheprojectcapitalis310millionyuan-accountingfor20.2%ofthetotalprojectinvestment-andtherestwillbesolvedthroughbankloans.(w)OnMarch25,2022,theCompanyheldthesecondcommunicationmeetingofthetenthboardofdirectorsin2022,andreviewedandapprovedthe"ProposalonInvestinginthe400MWPhotovoltaicPowerGenerationProjectofthe45thRegimentofTumusukeCity,theThirdDivisionoftheConstructionCorps"".InordertoimplementthedeploymentofaidtoXinjiang,deepenstrategiccooperationwithkeyregions,furtheroptimizethepowersupplystructure,andincreasetheproportionofcleanenergy,theCompany'sboardofdirectorsagreedtotheCompanytowhollysetupTumusukeYuedeanHanhaiNewEnergyCo.,Ltdforinvestingintheconstructionofthe400,000-kilowattphotovoltaicpowergenerationprojectofthe45thRegimentoftheThirdDivisionoftheXinjiangProductionandConstructionCorps,withthetotalinvestmentoftheprojectis2,226,851,400yuanandthecapitalissetat445,370,000yuanaccordingto20%ofthetotalprojectinvestment-whichwillbesolvedbytheCompany'scapitalincreasetoHanhaiNewEnergyCompanyinbatches.AsofJune30,2022,theCompanyhasinvestedRMB276.05milliontoHanhaiNewEnergyCompany.
2.Contingency
(1)Significantcontingencyatbalancesheetdate(a)Asat30June2022,theCompanyprovidedjointguaranteeforbankborrowingsamountingtoRMB41,470,000forYunnanBaoshanBinlangjiangHydroelectricityDevelopmentCo.,Ltd.,ofwhichtheliabilityreliefprocedureisbeinghandled.
(2)TheCompanyhavenosignificantcontingencytodisclose,alsoshouldbestatedThewasnosignificantcontingencyintheCompany.
3.OtherXIV.Post-balance-sheeteventsNotapplicable
4.NotetoothermattersafterthebalancesheetdateXVI..Othersignificantevents
1.TheaccountingerrorscorrectioninpreviousperiodNotapplicable
2.DebtrestructuringNotapplicable
3.ReplacementofassetsNotapplicable
4.PensionplanNotapplicable
5.DiscontinuingoperationNotapplicable
6.Segmentinformation
(1)RecognitionbasisandaccountingpoliciesofreportablesegmentAstheGroup'soperatingincome,expenses,assetsandliabilitiesaremainlyrelatedtotheproductionandsaleofelectricityandrelatedproducts,themanagementoftheGrouptakestheelectricitybusinessasawhole,andregularlyobtainsandevaluatesitsfinancialstatus,operatingresultsandcashflowandotherrelevantaccountinginformation.Therefore,theGrouphasonlythepowerbusinesssegment,soithasnotpreparedthereportsegmentinformation.FromJanuarytoJune,2022,theincomeoftheGroup'spowerplantsfromChinaSouthernPowerGridCorporationwasRMB22,263,672,844(JanuarytoJune,2021:RMB20,207,747,740),accountingfor98.46%of
theGroup'soperatingincome(JanuarytoJune,2020:98.19%)
(2)ThefinancialinformationofreportablesegmentNotapplicable
(3)Therewasnoreportablesegment,orthetotalamountofassetsandliabilitiesofeachpartofreportablesegment,shalldisclosethereason.AstheGroup'soperatingincome,expenses,assetsandliabilitiesaremainlyrelatedtotheproductionandsaleofelectricityandrelatedproducts,themanagementoftheGrouptakestheelectricitybusinessasawhole,andregularlyobtainsandevaluatesitsfinancialstatus,operatingresultsandcashflowandotherrelevantaccountinginformation.Therefore,theGrouphasonlythepowerbusinesssegment,soithasnotpreparedthereportsegmentinformation.
(4)Othernotes
7.Otherimportanttransactionsandeventshaveanimpactoninvestors’decision-makingNotapplicable
8.Other
XVII.Notessofmainitemsinfinancialreportsofparentcompany
(1)Accountreceivable
1.Classificationaccountreceivables.
InRMB
Category | Closingbalance | Openingbalance | ||||||||
Bookbalance | Baddebtprovision | Bookvalue | Bookbalance | Baddebtprovision | Bookvalue | |||||
Amount | Proportion% | Amount | Proportion% | Amount | Proportion% | Amount | Proportion% | |||
Accrualofbaddebtprovisionbysingle | 0 | 0% | 0 | 0% | 0 | 0 | 0% | 0 | 0% | 0 |
Ofwhich | ||||||||||
Accrualofbaddebtprovisionbyportfolio | 146,436,654 | 100% | 0 | 0% | 146,436,654 | 192,707,778 | 100% | 0 | 0% | 192,707,778 |
Ofwhich | ||||||||||
Electricitysalesreceivable | 146,436,654 | 100% | 0 | 0% | 146,436,654 | 192,707,778 | 100% | 0 | 0% | 192,707,778 |
Total | 146,436,654 | 100% | 0% | 146,436,654 | 192,707,778 | 100% | 0% | 192,707,778 |
Accrualofbaddebtprovisionbyportfolio:0
InRMB
Name | Closingbalance | ||
Bookbalance | Baddebtprovision | Proportion% | |
Electricitysalesreceivable | 146,436,654 | 0 | 0% |
Total | 146,436,654 | 0 |
Note:
Portfolio1-Electricitysalesreceivable,Asat30June2022,theamountofreceivablesfromsalesofelectricityoftheGroupwasRMB146,436,654),whichwasmainlyfromChinaSouthernPowerGridCo.,Ltd.anditssubsidiaries(collectivelyreferredtoas“ChinaSouthernPowerGrid”).Takingintoconsiderationitsgoodcredit,theGroupbelievesthatthereisnosignificantcreditriskinthereceivablesfromsalesproceedsofelectricity,andthepossibilityofsignificantlossesduetoChinaSouthernPowerGrid'sdefaultisextremelylow.TheGroup'sexpectedcreditlossrateforsalesproceedsofelectricityis0%Relevantinformationoftheprovisionforbaddebtswillbedisclosedwithreferencetothedisclosuremethodofotherreceivablesiftheprovisionforbaddebtsofbillsreceivableisaccruedaccordingtothegeneralmodelofexpectedcreditloss:
□Applicable√NotapplicableDisclosurebyaging
InRMB
Aging | Closingbalance |
Within1year(Including1year) | 146,436,654 |
Total | 146,436,654 |
(2)Accountsreceivablewithdraw,reversedorcollectedduringthereportingperiodNotapplicable
(3)Theactualwrite-offaccountsreceivableNotapplicable
(4)Theendingbalanceofotherreceivablesowedbytheimputationofthetopfiveparties
InRMB
Name | Amount | Proportion(%) | Baddebtprovision |
GPGC | 146,436,654 | 100% | 0 |
Total | 146,436,654 | 100% |
(5)AccountreceivablewhichterminatetherecognitionowningtothetransferofthefinancialassetsNotapplicable
(6)TheamountoftheassetsandliabilitiesformedbythetransferandthecontinuesinvolvementofaccountsreceivableNotapplicable
2.Otheraccountsreceivable
InRMB
Items | Closingbalance | Openingbalance |
Interestreceivable | 859,926 | 887,856 |
Dividendsreceivable | 0 | 0 |
Otheraccountsreceivable | 320,306,058 | 415,102,710 |
Total | 321,165,984 | 415,990,566 |
(1)Interestreceivable
1)Categoryofinterestreceivable
Items | Closingbalance | Openingbalance |
Demanddeposits | 0 | 0 |
Entrustedloans | 859,926 | 887,856 |
Bondinvestment | 0 | 0 |
Total | 859,926 | 887,856 |
2)SignificantoverdueinterestNotapplicable3)Bad-debtprovision
□Applicable√Notapplicable
(2)Dividendreceivable1)CategoryofdividendreceivableNotapplicable
2)Significantdividendreceivableagedover1yearNotapplicable3)Bad-debtprovision
□Applicable√NotapplicableOthernote:
(3)Otheraccountsreceivable
1)Otheraccountsreceivableclassifiedbythenatureofaccounts
InRMB
Nature | Closingbookbalance | Openingbookbalance |
Entrustloansreceivable | 100,000,000 | 100,000,000 |
Supplementarymedicalinsurancefundreceivable | 39,346,861 | 39,346,861 |
Salesofby-productsreceivable | 6,586,465 | 13,723,340 |
Alternativemoneyreceivable | 4,146,520 | 2,250,884 |
Capacityreceivable | 0 | 252,000,000 |
Other | 170,436,992 | 7,933,062 |
Less:Allowancefordoubtfulaccounts | -210,780 | -151,437 |
Total | 320,306,058 | 415,102,710 |
2)Bad-debtprovision
InRMB
BadDebtReserves | Stage1 | Stage2 | Stage3 | Total |
Expectedcreditlossesoverthenext12months | Expectedcreditlossoverlife(nocreditimpairment) | Expectedcreditlossesfortheentireduration(creditimpairmentoccurred) | ||
BalanceasatJanuary1,2022 | 151,437 | 151,437 | ||
BalanceasatJanuary1,2022incurrent | ||||
Provisioninthecurrentperiod | 61,214 | 61,214 | ||
Turnbackinthecurrentperiod | -1,871 | -1,871 | ||
BalanceasatJune30,2022 | 210,780 | 210,780 |
Lossprovisionchangesincurrentperiod,changeinbookbalancewithsignificantamount
□Applicable√NotapplicableDisclosurebyaging
InRMB
Aging | Closingbalance |
Within1year(Including1year) | 319,233,701 |
1-2years | 897,895 |
2-3years | 924,602 |
Over3years | 320,566 |
3-4years | 229,313 |
4-5years | 91,253 |
Over5years | 0 |
Total | 321,376,764 |
3)Accountsreceivablewithdraw,reversedorcollectedduringthereportingperiodThewithdrawalamountofthebaddebtprovision:
Category | Openingbalance | Amountofchangeinthecurrentperiod | Closingbalance | |||
Accrual | Reversedorcollectedamount | Write-off | Other | |||
Deposit | 145,342 | 58,888 | -1,871 | 202,359 | ||
Other | 6,095 | 2,326 | 8,421 | |||
Total | 151,437 | 61,214 | -1,871 | 210,780 |
(4)Theactualwrite-offaccountsreceivableNotapplicable
(5)Top5oftheclosingbalanceoftheotheraccountsreceivablecollectedaccordingtothearrearsparty
InRMB
Name | Nature | Closingbalance | Aging | Proportionofthetotalyearendbalanceoftheaccountsreceivable | Closingbalanceofbaddebtprovision |
HunanFourthEngineeringCo.,Ltd | Receivablecurrentaccount | 82,830,000 | Within1year | 26% | 0 |
YuehuaPowerGeneration | Receivablecurrentaccount | 81,600,000 | Within1year | 25% | 0 |
LincangYudeanEnergy | Entrustedloanduewithinoneyear | 50,000,000 | Within1year | 16% | 0 |
ShaoguanYuejiangPowerGeneration | Entrustedloanduewithinoneyear | 50,000,000 | Within1year | 16% | 0 |
TaikangEndowmentInsuranceCo.,Ltd.GuangdongBranch | Supplementarymedicalinsurancefundreceivable | 39,346,860 | Within1year | 12% | 0 |
Total | 303,776,860 | 95% | 0 |
(6)AccountsreceivableinvolvedwithgovernmentsubsidiesNotapplicable
(7)OtheraccountreceivablewhichterminatetherecognitionowningtothetransferofthefinancialassetsNotapplicable
(8)TheamountoftheassetsandliabilitiesformedbythetransferandthecontinuesinvolvementofotheraccountsreceivableNotapplicable
3.Long-termequityinvestment
InRMB
Items | Closingbalance | Openingbalance | ||||
Bookbalance | Provisionforimpairment | Bookvalue | Bookbalance | Provisionforimpairment | Bookvalue | |
Investmentsinsubsidiaries | 30,967,286,850 | 1,348,124,079 | 29,619,162,771 | 30,519,715,049 | 1,348,124,079 | 29,171,590,970 |
Investmentsinassociatesandjointventures | 7,816,818,914 | 96,327,854 | 7,720,491,060 | 7,464,714,961 | 96,327,854 | 7,368,387,107 |
Total | 38,784,105,764 | 1,444,451,933 | 37,339,653,831 | 37,984,430,010 | 1,444,451,933 | 36,539,978,077 |
(1)Investmentsinsubsidiaries
InRMB
Investees | Opening | Increase/decrease | Closing | Closing |
balance | Addinvestment | Other | balance | balanceofimpairmentprovision | ||
HuizhouNaturalgas | 1,205,199,446 | 1,205,199,446 | ||||
GuangqianCompany | 1,353,153,223 | 1,353,153,223 | ||||
RedBayCompany | 2,220,023,386 | 2,220,023,386 | ||||
LincangComapny | 281,000,000 | 281,000,000 | 209,989,439 | |||
ZhanjiangElectricCompany | 2,185,334,400 | 2,185,334,400 | ||||
YuejiaCompany | 0 | 0 | 455,584,267 | |||
YuejiangCompany | 1,101,203,999 | 1,101,204,000 | 408,494,674 | |||
MaomingCompany | 687,458,978 | 687,458,977 | ||||
JinghaiCompany | 1,930,395,668 | 1,930,395,668 | ||||
AnxinCompany | 20,000,000 | 20,000,000 | ||||
HumenCompany | 3,192,416 | 3,192,416 | 86,807,584 | |||
ZhongyueCompany | 963,000,000 | 963,000,000 | 187,248,115 | |||
BoheCompany | 3,167,000,000 | 3,167,000,000 | ||||
PinghaiCompany | 720,311,347 | 720,311,347 | ||||
DapuCompany | 1,040,000,000 | 10,000,000 | 1,050,000,000 | |||
HuduCompany | 186,550,000 | 186,550,000 | ||||
GuangdongWindPower | 6,872,556,260 | 110,000,000 | 6,982,556,260 | |||
YudeanElectricSale | 230,000,000 | 230,000,000 | ||||
YonganCompany | 180,000,000 | 180,000,000 | ||||
BinhaiwanCompany | 620,000,000 | 9,000,000 | 629,000,000 | |||
DayawanCompany | 145,600,000 | 145,600,000 | ||||
QimingCompany | 20,000,000 | 12,000,000 | 32,000,000 | |||
GuaguoquanCompany | 49,680,900 | 49,680,900 | ||||
DananhaiCompany | 15,000,000 | 25,900,000 | 40,900,000 | |||
BaihuaCompany | 3,000,000 | 3,000,000 | ||||
ShaCCompany | 1,559,120,782 | 1,559,120,783 | ||||
YunheCompany | 1,066,562,327 | 1,066,562,327 | ||||
YuhuaCompany | 541,247,838 | 541,247,838 | ||||
BijieCompany | 5,000,000 | 5,000,000 | ||||
TudianCompany | 800,000,000 | 800,000,000 | ||||
ShaoguanNewEnergy | 0 | 2,000,000 | 2,000,000 |
JinxiuCompany | 2,621,800 | 2,621,800 | |||||
HanhaiCompany | 0 | 276,050,000 | 276,050,000 | ||||
Total | 29,171,590,970 | 447,571,800 | 0 | 0 | 0 | 29,619,162,771 | 1,348,124,079 |
(2)Investmentinjointventuresandassociates
InRMB
Nameofinvestee | Beginningofterm | Increase/decreaseinthisperiod | Endofterm | Balanceoftheprovisiononforimpairment | |||||||
Increaseininvestment | Decreaseininvestment | Investmentincomeunderequitymethod | Othercomprehensiveincome | Otherchangesinequity | Announcedfordistributingcashdividendorprofit | Provisionforimpairment | Other | ||||
I.Jointventure | |||||||||||
IndustryFuel | 804,769,245 | 0 | 0 | 37,073,725 | 0 | 0 | 0 | 0 | 0 | 841,842,970 | 0 |
Subtotal | 804,769,245 | 0 | 0 | 37,073,725 | 0 | 0 | 0 | 0 | 0 | 841,842,970 | 0 |
II.Associated | |||||||||||
YueqianElectricPowerCo.,Ltd. | 161,325,870 | 0 | 0 | 21,836,633 | 0 | 0 | 0 | 0 | 0 | 183,162,503 | 0 |
YudeanShippingCompany | 247,954,895 | 0 | 0 | 5,884,591 | 0 | 0 | 0 | 0 | 0 | 253,839,486 | 0 |
YunnanNengtouWeixinEnergyCo.,Ltd. | 138,810,051 | 0 | 0 | -22,193,510 | 0 | 0 | 0 | 0 | 0 | 116,616,541 | 96,327,854 |
ShanxiYudeanEnergyCo.,Ltd. | 2,363,177,253 | 0 | 0 | 278,866,588 | 0 | 0 | 0 | 0 | 0 | 2,642,043,841 | 0 |
EnergyGroupFinanceCompany | 1,046,702,914 | 0 | 0 | 50,924,888 | 0 | 0 | 77,434,193 | 0 | 0 | 1,020,193,609 | 0 |
YudeanCaptive | 276,532,777 | 0 | 0 | 7,432,402 | 0 | 0 | 2,426,770 | 0 | 0 | 281,538,409 | 0 |
GuangdongGuohuaYudeanTaishanPowerGeneration | 1,784,468,086 | 0 | 0 | 54,702,379 | 0 | 0 | 0 | 0 | 0 | 1,839,170,465 | 0 |
Co.,Ltd. | |||||||||||
EnergyFinancingLeasingCompany | 532,306,787 | 0 | 0 | 15,729,399 | 0 | 0 | 18,292,179 | 0 | 0 | 529,744,007 | 0 |
Other | 12,339,229 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,339,229 | 0 |
Subtotal | 6,563,617,862 | 0 | 0 | 413,183,372 | 0 | 0 | 98,153,142 | 0 | 0 | 6,878,648,090 | 96,327,854 |
Total | 7,368,387,107 | 0 | 0 | 450,257,096 | 0 | 0 | 98,153,142 | 0 | 0 | 7,720,491,060 | 96,327,854 |
(3)Othernote
4.Businessincome,Businesscost
InRMB
Items | Amountofcurrentperiod | Amountofpreviousperiod | ||
Income | Cost | Income | Cost | |
Mainbusiness | 534,678,382 | 797,337,480 | 631,179,660 | 705,008,533 |
Otherbusiness | 14,546,415 | 780,990 | 34,371,584 | 505,085 |
Total | 549,224,797 | 798,118,470 | 665,551,244 | 705,513,618 |
Incomerelatedinformation:
InRMB
Contractclassification | Division1 | Division2 | Total | |
Commoditytype | 549,224,797 | 549,224,797 | ||
Including | ||||
Electric | 535,578,382 | 535,578,382 | ||
Powergenerationby-produc | 6,586,465 | 6,586,465 | ||
Rent | 6,046,829 | 6,046,829 | ||
Labour | 1,013,121 | 1,013,121 | ||
Area | 549,224,797 | 549,224,797 | ||
Including | ||||
Guangdong | 549,224,797 | 549,224,797 | ||
Markettype | 549,224,797 | 549,224,797 | ||
PowerMarket | ||||
Othermarket | 534,678,382 | 534,678,382 | ||
Other | 14,546,415 | 14,546,415 | ||
Contracttype | 549,224,797 | 549,224,797 | ||
Including | ||||
Sellinggoods | 542,164,847 | 542,164,847 | ||
Provideaccesstotheassets | 6,046,829 | 6,046,829 | ||
ProvidedLabour | 1,013,121 | 1,013,121 | ||
Time | 549,224,797 | 549,224,797 | ||
Including | ||||
Recognizeatacertaintimepoint | 542,164,847 | 542,164,847 | ||
Recognizeinacertainperiodoftime | 7,059,950 | 7,059,950 | ||
Term | ||||
Including |
Selling
Selling |
Including |
Total
Total | 549,224,797 | 549,224,797 |
Informationrelatedtoperformanceobligations:
Commoditytype | Usualperformancetimeofperformanceobligation | Importantpaymentterms | Commoditynature |
Electricpower | Whenpowerissuppliedtothegridcompany | Cashsettlement/monthlysettlement | Electricpower |
Powergenerationby-productcommodity | Whenby-productssuchasflyashgeneratedbypowergenerationaretransportedtotheagreeddeliveryplace, | Cashsettlement/monthlysettlement | Powergenerationby-productcommodity |
Informationrelatedtothetransactionpriceapportionedtotheresidualperformanceobligation:
TheincomecorrespondingtotheperformanceobligationsthathavenotbeenperformedorhavebeenperformedincompletelybutthecontracthasbeensignedattheendofthereportingperiodisRMB0,ofwhichRMB0isexpectedtoberecognizedasincome,RMB0isexpectedtoberecognizedasincomeintheyear,andRMB0isexpectedtoberecognizedasincomeintheyear.Othernote
5.Investmentincome
InRMB
Items | Amountofcurrentperiod | Amountofpreviousperiod |
Long-termequityinvestmentincomeaccountedbycostmethod | 98,293,539 | 1,570,167,398 |
Long-termequityinvestmentincomeaccountedbyequitymethod | 450,257,096 | 392,738,688 |
Dividendincomefrominvestmentsinotherequityinstrumentsduringtheholdingperiod | 90,156,139 | 30,182,378 |
Creditor'srightfrominvestmentsinotherequityinstrumentsduringtheholdingperiod | 13,770,971 | 13,920,438 |
Total | 652,477,745 | 2,007,008,902 |
XVII.Supplementinformation
1.Particularsaboutcurrentnon-recurringgainsandloss
√Applicable□Notapplicable
InRMB
Items | Amount | Notes |
Non-currentassetdisposalgain/loss | 31,707,133 | MainlyduetoYuejiaCompanyshut-downandliquidationofassetstoobtainincome. |
Govemmentsubsidyrecognizedincurrentgainandloss(excludingthosecloselyrelatedtotheCompany’sbusinessandgrantedunderthestate’spolicies) | 15,402,657 | Mainlyduetopowersaleseconomicpolicyincentivesandsubsidiesforvariouspowerplantprojects. |
Othernon-businessincomeandexpendituresotherthantheabove | 8,080,287 | |
Finesandoverduepaymentfees | -5,470,272 | ItismainlyduetothefineforlandreclamationofPinghaiPowerPlantandthetaxdelaychargeofGuangqianPowerPlant. |
Non-currentassetsscrapincome | 2,242,304 | ItismainlytheincomeofJinghaiCompany'sscrappedfixedassets. |
LossofNon-currentassetsscrapped | -5,145,026 | ItismainlythelossofscrappedfixedassetsofJinghaiCompany,ZhongyueEnergyandYuehuaCompany. |
Less:Amountofinfluenceofincometax | 13,059,777 | |
Influencedamountofminorshareholders’equity(aftertax) | 9,886,637 | |
Total | 23,870,669 | -- |
Detailsofotherprofitandlossitemsthatmeetthenon-recurringprofitandlossdefinition
□Applicable√NotapplicableNoneFortheCompany’snon-recurringgain/lossitemsasdefinedintheExplanatoryAnnouncementNo.1oninformationdisclosureforCompaniesOfferingtheirSecuritiestothePublic-Non-recurringGainsandLossesanditsnon-recurringgain/lossitemsasillustratedintheExplanatoryAnnouncementNo.1oninformationDisclosureforCompaniesofferingtheirsecuritiestothepublic-non-recurringGainsandlosseswhichhavebeendefinedasrecurringgainsandlosses,itisnecessarytoexplainthereason.
√Applicable□Notapplicable
Items | Amountinvolved(RMB) | Reason |
Value-addedtaxwillberefundedimmediately | 19,790,415 | Complywithnationalpoliciesandregulations,andcontinuetooccur |
Carbonemissionquotausedtofulfilltheemissionreductionobligation | -8,000,000 | Complywithnationalpoliciesandregulations,andcontinuetooccur |
2.Returnonnetassetandearningspershare
Profitofreportperiod | Weightedaveragereturnonequity(%) | Earningspershare | |
Basicearningspershare(yuan/share) | Dilutedearningspershare(yuan/share) | ||
NetprofitattributabletotheCommonstockshareholdersofCompany. | -6.23% | -0.2620 | -0.2620 |
NetprofitattributabletotheCommonstockshareholdersofCompanyafterdeductingofnon-recurringgain/loss. | -6.34% | -0.2666 | -0.2666 |
3.Differencesbetweenaccountingdataunderdomesticandoverseasaccountingstandards
(1).SimultaneouslypursuanttobothChineseaccountingstandardsandinternationalaccountingstandardsdisclosedinthefinancialreportsofdifferencesinnetincomeandnetassets.
□Applicable□√Notapplicable
(2).DifferencesofnetprofitandnetassetsdisclosedinfinancialreportspreparedunderoverseasandChineseaccountingstandards.
□Applicable□√Notapplicable
(3).Explanationofthereasonsforthedifferencesinaccountingdataunderdomesticandforeignaccountingstandards.Ifthedatathathasbeenauditedbyanoverseasauditinstitutionisadjustedfordifferences,thenameoftheoverseasinstitutionshouldbeindicated
4.Other